Frankfort VA Loan Rates, Closing Costs & Stats

Frankfort, KY

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Frankfort's 37 lenders originated 119 VA loans during 2024. The total origination value was $34,345,000, with an average VA loan value of $288,613.

    Frankfort VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Frankfort averaged 0.47% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Frankfort's average VA mortgage closing costs are $5,671.

    The average rate for the prior week (2025-06-13) was 7.12% and one month ago for the week of 2025-05-16, the average rate was 6.68%.

    The average rate one year ago was 6.78%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.08%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Frankfort VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Frankfort level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 30 6.44% $5,205
    QUICKEN LOANS, LLC 13 6.03% $9,587
    FREEDOM MORTGAGE CORPORATION 11 6.21% $6,057
    STOCKTON MORTGAGE CORPORATION 9 6.75% $8,452
    NEW DAY FINANCIAL, LLC 4 7.78% $11,553
    Fifth Third Bank 4 6.59% $1,589
    UNITED WHOLESALE MORTGAGE, LLC 4 5.62% $7,108
    LOANDEPOT.COM, LLC 3 5.08% $11,580
    The Federal Savings Bank 3 6.50% $11,426
    Northpointe Bank 2 6.56% $9,252
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.50% $11,345
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.69% $8,534
    USAA Federal Savings Bank 2 6.50% $5,047
    Mr. Cooper ( Nationstar Mortgage ) 2 6.13% $9,470
    Republic Bank & Trust Company 2 5.94% $6,171
    Barrington Bank & Trust Company, N.A. 2 6.50% $7,254
    PENNYMAC LOAN SERVICES, LLC 2 5.56% $5,665
    UNION HOME MORTGAGE CORP. 1 6.50% $7,345
    VILLAGE CAPITAL MORTGAGE 1 6.25% $4,207
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $11,051
    WesBanco 1 6.25% $3,504
    AmRes Corporation 1 7.25% $11,471
    BROKER SOLUTIONS, INC. 1 6.13% $7,425
    Capital Bank 1 5.75% $7,155
    Century Mortgage Company DBA Century Lending Company 1 5.25% $2,632
    CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $5,368
    EVERETT FINANCIAL, INC. 1 6.25% $5,148
    Flagstar Bank, FSB 1 5.21% $7,276
    GENEVA FINANCIAL, LLC 1 6.25% $5,428
    German American Bank 1 6.25% $3,349
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $3,663
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $3,155
    NEWREZ LLC 1 6.25% $3,834
    Plains Commerce Bank 1 6.25% $3,985
    PLANET HOME LENDING, LLC 1 6.25% $1,293
    Republic State Mortgage Co. 1 7.25% $16,428
    THE MORTGAGE WAREHOUSE,LLC 1 6.75% $10,338

    The top Frankfort VA lender as defined by loan originations is Mortgage Research Center, LLC, with 30 VA loans originated. Their average total fees are $5,205, which is $4,382 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Frankfort VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,205), FREEDOM MORTGAGE CORPORATION ($6,057), QUICKEN LOANS, LLC ($9,587), .

    The lowest rate Frankfort VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.03%), FREEDOM MORTGAGE CORPORATION (6.21%), Mortgage Research Center, LLC (6.44%), .

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.