Glasgow VA Loan Rates, Closing Costs & Stats

Glasgow, 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.

    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 6.27% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.4% and one month ago for the week of 2024-11-08, the average rate was 6.9%.

    The average rate one year ago was 7.05%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.28%.

    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
    2024-07-01 $276,975 (15.5%) $321,967 (9.2%) 0.00 126
    2024-08-01 $276,250 (15.0%) $323,932 (8.4%) 0.00 132
    2024-09-01 $269,900 (9.1%) $327,947 (8.9%) 0.00 147
    2024-10-01 $269,900 (8.5%) $329,206 (2.7%) 0.00 159
    2024-11-01 $277,000 (16.5%) $330,204 (10.7%) 0.00 172
    Glasgow's median listing price for 2024-11-01 was $277,000, a difference of $39,250 (16.5%) versus the prior year and $7,100 versus the prior month.

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

    Glasgow's average listing price for 2024-11-01 was $330,204, a difference of $31,917 (10.7%) versus the prior year and $998 versus the prior month.

    For the 2024-11-01 period, Glasgow had 172 MLS listings, a difference of 13 listings (8%) versus the prior month and 53 listings (45%) 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
    2024-07-01 0 days 1,843 sqft
    2024-08-01 0 days 1,900 sqft
    2024-09-01 0 days 1,806 sqft
    2024-10-01 0 days 1,794 sqft
    2024-11-01 0 days 1,808 sqft
    Glasgow's median listing age (time on market) for 2024-11-01 was 0 days.

    Glasgow's median square footage for active listings during the 2024-11-01 period was 1,808 sqft. One year prior, the average listing was 1,651 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.