Glasgow VA Loan Rates, Closing Costs & Stats

Glasgow, KY

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.

Glasgow's 23 lenders originated 65 VA loans during 2023. The total origination value was $15,895,000, with an average VA loan value of $244,538.

Glasgow VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Glasgow averaged 6.56% for the week of 2024-07-12, compared to the national average (all VA variants) of 6.364% for the same period.

Glasgow's average VA mortgage closing costs are $4,819.

The average rate for the prior week (2024-07-05) was 6.77% and one month ago for the week of 2024-06-07, the average rate was 6.78%.

The average rate one year ago was 6.96%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.46%.

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

Glasgow 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 Glasgow level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 13 6.86% $3,515
STOCKTON MORTGAGE CORPORATION 6 6.63% $8,296
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 5 6.83% $4,998
UNITED WHOLESALE MORTGAGE, LLC 5 6.27% $8,176
PENNYMAC LOAN SERVICES, LLC 4 5.69% $3,339
QUICKEN LOANS, LLC 4 6.31% $8,378
NAVY FEDERAL CREDIT UNION 4 5.69% $3,832
ROSS MORTGAGE CORPORATION 4 6.81% $5,215
HOMESIDE FINANCIAL, LLC 3 6.71% $3,344
USAA Federal Savings Bank 2 6.06% $5,800
Magnolia Bank 2 6.25% $8,600
UNION HOME MORTGAGE CORP. 1 7.63% $12,820
VILLAGE CAPITAL MORTGAGE 1 5.75% $7,275
CHURCHILL MORTGAGE CORPORATION 1 6.99% $7,411
EVANSVILLE TEACHERS 1 5.75% $5,814
GENEVA FINANCIAL, LLC 1 7.13% $9,164
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $3,993
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $7,309
NEWREZ LLC 1 6.75% $7,627
Paramount Residential Mortgage Group, Inc. 1 7.25% $9,203
Plains Commerce Bank 1 6.63% $9,682
Republic State Mortgage Co. 1 5.75% $14,774
SOUTH CENTRAL BANK, INC. 1 7.13% $6,453

The top Glasgow VA lender as defined by loan originations is Mortgage Research Center, LLC, with 13 VA loans originated. Their average total fees are $3,515, which is $4,781 lower than the next largest lender, STOCKTON MORTGAGE CORPORATION.

The lowest fee Glasgow VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,515), .

The lowest rate Glasgow VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.86%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Glasgow (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $149,900 (7.9%) $183,871 (-0.9%) 0.00 170
2018-02-01 $149,000 (4.8%) $177,655 (-10.6%) 0.00 167
2018-03-01 $164,500 (9.7%) $200,363 (-2.9%) 0.00 157
2018-04-01 $156,725 (-3.5%) $192,363 (-7.9%) 0.00 168
2018-05-01 $149,900 (-10.5%) $188,067 (-13.2%) 0.00 179
2018-06-01 $144,900 (-15.6%) $185,880 (-17.1%) 0.00 208
2018-07-01 $145,000 (-13.7%) $185,383 (-16.0%) 0.00 214
2018-08-01 $144,900 (-13.4%) $182,402 (-14.7%) 0.00 213
2018-09-01 $145,000 (-7.6%) $186,169 (-6.0%) 0.00 211
2018-10-01 $149,800 (-0.1%) $185,714 (-2.3%) 0.00 222
2018-11-01 $152,225 (-1.2%) $183,550 (-3.0%) 0.00 216
2018-12-01 $142,200 (-10.0%) $173,429 (-8.5%) 0.00 227
2019-01-01 $137,375 (-8.4%) $169,081 (-8.0%) 0.00 210
2019-02-01 $139,000 (-6.7%) $174,098 (-2.0%) 0.00 204
2019-03-01 $143,957 (-12.5%) $181,999 (-9.2%) 0.00 201
2019-04-01 $150,425 (-4.0%) $188,320 (-2.1%) 0.00 201
2019-05-01 $159,900 (6.7%) $205,156 (9.1%) 0.00 184
2019-06-01 $154,900 (6.9%) $207,688 (11.7%) 0.00 177
2019-07-01 $164,300 (13.3%) $210,703 (13.7%) 0.00 183
2019-08-01 $168,564 (16.3%) $219,543 (20.4%) 0.00 184
2019-09-01 $166,559 (14.9%) $216,893 (16.5%) 0.00 190
2019-10-01 $165,000 (10.2%) $214,214 (15.4%) 0.00 190
2019-11-01 $164,900 (8.3%) $206,682 (12.6%) 0.00 185
2019-12-01 $159,900 (12.5%) $204,773 (18.1%) 0.00 175
2020-01-01 $158,450 (15.3%) $202,045 (19.5%) 0.00 172
2020-02-01 $155,000 (11.5%) $197,682 (13.6%) 0.00 178
2020-03-01 $172,000 (19.5%) $216,972 (19.2%) 0.00 153
2020-04-01 $172,500 (14.7%) $220,216 (16.9%) 0.00 143
2020-05-01 $180,750 (13.0%) $224,743 (9.6%) 0.00 138
2020-06-01 $185,800 (20.0%) $236,491 (13.9%) 0.00 114
2020-07-01 $198,000 (20.5%) $260,884 (23.8%) 0.00 103
2020-08-01 $198,500 (17.8%) $264,128 (20.3%) 0.00 105
2020-09-01 $193,475 (16.2%) $258,245 (19.1%) 0.00 88
2020-10-01 $212,000 (28.5%) $273,103 (27.5%) 0.00 85
2020-11-01 $221,750 (34.5%) $279,405 (35.2%) 0.00 81
2020-12-01 $203,675 (27.4%) $271,117 (32.4%) 0.00 86
2021-01-01 $189,900 (19.9%) $265,452 (31.4%) 0.00 85
2021-02-01 $199,000 (28.4%) $264,213 (33.7%) 0.00 85
2021-03-01 $187,950 (9.3%) $254,666 (17.4%) 0.00 76
2021-04-01 $189,225 (9.7%) $272,692 (23.8%) 0.00 70
2021-05-01 $174,000 (-3.7%) $246,283 (9.6%) 0.00 79
2021-06-01 $185,950 (0.1%) $254,744 (7.7%) 0.00 79
2021-07-01 $198,500 (0.3%) $246,137 (-5.7%) 0.00 82
2021-08-01 $199,000 (0.3%) $274,585 (4.0%) 0.00 92
2021-09-01 $192,400 (-0.6%) $265,602 (2.9%) 0.00 115
2021-10-01 $190,500 (-10.1%) $260,563 (-4.6%) 0.00 141
2021-11-01 $187,400 (-15.5%) $249,647 (-10.7%) 0.00 161
2021-12-01 $182,325 (-10.5%) $250,021 (-7.8%) 0.00 149
2022-01-01 $171,250 (-9.8%) $233,628 (-12.0%) 0.00 127
2022-02-01 $175,450 (-11.8%) $234,781 (-11.1%) 0.00 103
2022-03-01 $167,075 (-11.1%) $227,084 (-10.8%) 0.00 89
2022-04-01 $171,450 (-9.4%) $217,946 (-20.1%) 0.00 95
2022-05-01 $187,575 (7.8%) $233,075 (-5.4%) 0.00 103
2022-06-01 $206,850 (11.2%) $246,186 (-3.4%) 0.00 110
2022-07-01 $219,950 (10.8%) $263,581 (7.1%) 0.00 104
2022-08-01 $224,500 (12.8%) $263,400 (-4.1%) 0.00 116
2022-09-01 $225,225 (17.1%) $251,977 (-5.1%) 0.00 126
2022-10-01 $229,500 (20.5%) $277,703 (6.6%) 0.00 132
2022-11-01 $229,800 (22.6%) $287,935 (15.3%) 0.00 142
2022-12-01 $228,950 (25.6%) $291,924 (16.8%) 0.00 154
2023-01-01 $228,000 (33.1%) $279,859 (19.8%) 0.00 108
2023-02-01 $241,200 (37.5%) $294,548 (25.5%) 0.00 98
2023-03-01 $244,500 (46.3%) $307,749 (35.5%) 0.00 100
2023-04-01 $239,000 (39.4%) $304,606 (39.8%) 0.00 92
2023-05-01 $240,175 (28.0%) $314,001 (34.7%) 0.00 97
2023-06-01 $245,400 (18.6%) $337,518 (37.1%) 0.00 90
2023-07-01 $239,900 (9.1%) $294,851 (11.9%) 0.00 97
2023-08-01 $240,175 (7.0%) $298,772 (13.4%) 0.00 91
2023-09-01 $247,450 (9.9%) $301,195 (19.5%) 0.00 97
2023-10-01 $248,675 (8.4%) $320,658 (15.5%) 0.00 110
2023-11-01 $237,750 (3.5%) $298,287 (3.6%) 0.00 119
2023-12-01 $239,000 (4.4%) $296,113 (1.4%) 0.00 119
2024-01-01 $238,375 (4.6%) $291,576 (4.2%) 0.00 116
2024-02-01 $244,225 (1.3%) $291,452 (-1.1%) 0.00 115
2024-03-01 $269,000 (10.0%) $300,860 (-2.2%) 0.00 113
2024-04-01 $247,450 (3.5%) $285,532 (-6.3%) 0.00 119
2024-05-01 $262,700 (9.4%) $303,331 (-3.4%) 0.00 121
2024-06-01 $269,900 (10.0%) $310,032 (-8.1%) 0.00 120
Glasgow's median listing price for 2024-06-01 was $269,900, a difference of $24,500 (10.0%) versus the prior year and $7,200 versus the prior month.

Glasgow's median listing price comes in at 0% of the national average.

Glasgow's average listing price for 2024-06-01 was $310,032, a difference of $-27,486 (-8.1%) versus the prior year and $6,701 versus the prior month.

For the 2024-06-01 period, Glasgow had 120 MLS listings, a difference of -1 listings (-1%) versus the prior month and 30 listings (33%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Glasgow (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,754 sqft
2018-02-01 0 days 1,780 sqft
2018-03-01 0 days 1,856 sqft
2018-04-01 0 days 1,815 sqft
2018-05-01 0 days 1,813 sqft
2018-06-01 0 days 1,792 sqft
2018-07-01 0 days 1,810 sqft
2018-08-01 0 days 1,801 sqft
2018-09-01 0 days 1,800 sqft
2018-10-01 0 days 1,840 sqft
2018-11-01 0 days 1,829 sqft
2018-12-01 0 days 1,689 sqft
2019-01-01 0 days 1,652 sqft
2019-02-01 0 days 1,687 sqft
2019-03-01 0 days 1,716 sqft
2019-04-01 0 days 1,727 sqft
2019-05-01 0 days 1,832 sqft
2019-06-01 0 days 1,810 sqft
2019-07-01 0 days 1,862 sqft
2019-08-01 0 days 1,898 sqft
2019-09-01 0 days 1,864 sqft
2019-10-01 0 days 1,821 sqft
2019-11-01 0 days 1,750 sqft
2019-12-01 0 days 1,734 sqft
2020-01-01 0 days 1,698 sqft
2020-02-01 0 days 1,696 sqft
2020-03-01 0 days 1,697 sqft
2020-04-01 0 days 1,787 sqft
2020-05-01 0 days 1,810 sqft
2020-06-01 0 days 1,897 sqft
2020-07-01 0 days 1,920 sqft
2020-08-01 0 days 1,728 sqft
2020-09-01 0 days 1,817 sqft
2020-10-01 0 days 2,012 sqft
2020-11-01 0 days 2,044 sqft
2020-12-01 0 days 1,904 sqft
2021-01-01 0 days 1,838 sqft
2021-02-01 0 days 1,757 sqft
2021-03-01 0 days 1,644 sqft
2021-04-01 0 days 1,761 sqft
2021-05-01 0 days 1,623 sqft
2021-06-01 0 days 1,830 sqft
2021-07-01 0 days 1,713 sqft
2021-08-01 0 days 1,777 sqft
2021-09-01 0 days 1,675 sqft
2021-10-01 0 days 1,602 sqft
2021-11-01 0 days 1,578 sqft
2021-12-01 0 days 1,523 sqft
2022-01-01 0 days 1,457 sqft
2022-02-01 0 days 1,387 sqft
2022-03-01 0 days 1,338 sqft
2022-04-01 0 days 1,414 sqft
2022-05-01 0 days 1,453 sqft
2022-06-01 0 days 1,562 sqft
2022-07-01 0 days 1,733 sqft
2022-08-01 0 days 1,741 sqft
2022-09-01 0 days 1,902 sqft
2022-10-01 0 days 1,872 sqft
2022-11-01 0 days 1,812 sqft
2022-12-01 0 days 1,686 sqft
2023-01-01 0 days 1,824 sqft
2023-02-01 0 days 1,898 sqft
2023-03-01 0 days 1,910 sqft
2023-04-01 0 days 1,796 sqft
2023-05-01 0 days 1,909 sqft
2023-06-01 0 days 1,999 sqft
2023-07-01 0 days 1,830 sqft
2023-08-01 0 days 1,828 sqft
2023-09-01 0 days 1,724 sqft
2023-10-01 0 days 1,728 sqft
2023-11-01 0 days 1,651 sqft
2023-12-01 0 days 1,728 sqft
2024-01-01 0 days 1,712 sqft
2024-02-01 0 days 1,690 sqft
2024-03-01 0 days 1,726 sqft
2024-04-01 0 days 1,607 sqft
2024-05-01 0 days 1,690 sqft
2024-06-01 0 days 1,778 sqft
Glasgow's median listing age (time on market) for 2024-06-01 was 0 days.

Glasgow's median square footage for active listings during the 2024-06-01 period was 1,778 sqft. One year prior, the average listing was 1,999 sqft.

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.