Hays VA Loan Rates, Closing Costs & Stats

Hays, KS

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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.

    Hays's 9 lenders originated 16 VA loans during 2023. The total origination value was $3,670,000, with an average VA loan value of $229,375.

    Hays VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hays averaged 6.78% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

    Hays's average VA mortgage closing costs are $4,682.

    The average rate for the prior week (2024-04-05) was 6.23% and one month ago for the week of 2024-03-08, the average rate was 6.46%.

    The average rate one year ago was 5.85%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.37%.

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

    Hays 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 Hays level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 6 7.06% $5,917
    Flagstar Bank, FSB 3 6.67% $4,275
    Mortgage Investment Services Corporation 1 7.25% $20,730
    NEW DAY FINANCIAL, LLC 1 7.38% $6,874
    QUICKEN LOANS, LLC 1 5.75% $6,885
    Sunflower Bank 1 2.88% $393
    CORNERSTONE HOME LENDING, INC. 1 6.25% $17,146
    USAA Federal Savings Bank 1 6.25% $2,180
    Mid-Continent Funding, Inc. 1 6.50% $9,891

    The top Hays VA lender as defined by loan originations is Mortgage Research Center, LLC, with 6 VA loans originated. Their average total fees are $5,917, which is $1,642 higher than the next largest lender, Flagstar Bank, FSB.

    The lowest fee Hays VA lenders (with over 10 loans originated) are .

    The lowest rate Hays VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hays (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 $165,725 (-1.9%) $201,106 (-2.7%) 0.00 175
    2018-02-01 $166,450 (-4.6%) $202,654 (-3.3%) 0.00 171
    2018-03-01 $169,900 (-2.5%) $203,097 (-2.9%) 0.00 161
    2018-04-01 $182,498 (4.9%) $208,775 (-1.1%) 0.00 168
    2018-05-01 $167,250 (-0.7%) $206,123 (-0.8%) 0.00 171
    2018-06-01 $169,900 (0.2%) $201,475 (-3.2%) 0.00 178
    2018-07-01 $166,175 (2.0%) $198,975 (-2.6%) 0.00 184
    2018-08-01 $150,175 (-10.8%) $193,567 (-5.6%) 0.00 191
    2018-09-01 $145,000 (-15.7%) $183,558 (-11.9%) 0.00 190
    2018-10-01 $138,425 (-16.1%) $173,040 (-15.6%) 0.00 184
    2018-11-01 $138,900 (-15.6%) $167,495 (-16.4%) 0.00 178
    2018-12-01 $138,900 (-15.8%) $160,621 (-19.9%) 0.00 177
    2019-01-01 $145,250 (-12.4%) $166,345 (-17.3%) 0.00 162
    2019-02-01 $139,700 (-16.1%) $163,792 (-19.2%) 0.00 165
    2019-03-01 $145,400 (-14.4%) $174,269 (-14.2%) 0.00 156
    2019-04-01 $150,050 (-17.8%) $185,684 (-11.1%) 0.00 147
    2019-05-01 $146,000 (-12.7%) $183,016 (-11.2%) 0.00 160
    2019-06-01 $146,500 (-13.8%) $179,297 (-11.0%) 0.00 168
    2019-07-01 $145,000 (-12.7%) $181,257 (-8.9%) 0.00 167
    2019-08-01 $146,305 (-2.6%) $178,205 (-7.9%) 0.00 161
    2019-09-01 $144,136 (-0.6%) $174,262 (-5.1%) 0.00 156
    2019-10-01 $143,341 (3.6%) $172,172 (-0.5%) 0.00 149
    2019-11-01 $144,900 (4.3%) $173,389 (3.5%) 0.00 140
    2019-12-01 $141,575 (1.9%) $177,982 (10.8%) 0.00 127
    2020-01-01 $139,975 (-3.6%) $178,885 (7.5%) 0.00 118
    2020-02-01 $140,000 (0.2%) $196,457 (19.9%) 0.00 117
    2020-03-01 $145,875 (0.3%) $207,813 (19.3%) 0.00 113
    2020-04-01 $148,000 (-1.4%) $211,198 (13.7%) 0.00 101
    2020-05-01 $150,000 (2.7%) $214,209 (17.0%) 0.00 93
    2020-06-01 $158,850 (8.4%) $228,090 (27.2%) 0.00 87
    2020-07-01 $170,400 (17.5%) $235,138 (29.7%) 0.00 90
    2020-08-01 $179,948 (23.0%) $244,776 (37.4%) 0.00 88
    2020-09-01 $168,675 (17.0%) $235,804 (35.3%) 0.00 85
    2020-10-01 $169,950 (18.6%) $249,473 (44.9%) 0.00 82
    2020-11-01 $167,175 (15.4%) $257,145 (48.3%) 0.00 61
    2020-12-01 $155,500 (9.8%) $252,778 (42.0%) 0.00 58
    2021-01-01 $157,000 (12.2%) $269,098 (50.4%) 0.00 50
    2021-02-01 $165,000 (17.9%) $272,976 (39.0%) 0.00 42
    2021-03-01 $212,225 (45.5%) $325,988 (56.9%) 0.00 39
    2021-04-01 $183,750 (24.2%) $279,603 (32.4%) 0.00 43
    2021-05-01 $182,500 (21.7%) $292,139 (36.4%) 0.00 49
    2021-06-01 $187,500 (18.0%) $273,289 (19.8%) 0.00 52
    2021-07-01 $179,000 (5.1%) $257,798 (9.6%) 0.00 46
    2021-08-01 $182,500 (1.4%) $256,083 (4.6%) 0.00 40
    2021-09-01 $183,750 (8.9%) $261,002 (10.7%) 0.00 45
    2021-10-01 $170,000 (0.0%) $264,580 (6.1%) 0.00 45
    2021-11-01 $165,475 (-1.0%) $260,341 (1.2%) 0.00 52
    2021-12-01 $162,475 (4.5%) $256,499 (1.5%) 0.00 43
    2022-01-01 $162,450 (3.5%) $265,088 (-1.5%) 0.00 28
    2022-02-01 $168,750 (2.3%) $328,035 (20.2%) 0.00 16
    2022-03-01 $195,450 (-7.9%) $287,506 (-11.8%) 0.00 24
    2022-04-01 $202,500 (10.2%) $287,930 (3.0%) 0.00 24
    2022-05-01 $212,500 (16.4%) $253,785 (-13.1%) 0.00 34
    2022-06-01 $178,250 (-4.9%) $240,606 (-12.0%) 0.00 42
    2022-07-01 $175,000 (-2.2%) $221,837 (-14.0%) 0.00 53
    2022-08-01 $165,000 (-9.6%) $256,853 (0.3%) 0.00 59
    2022-09-01 $166,750 (-9.3%) $258,103 (-1.1%) 0.00 55
    2022-10-01 $176,750 (4.0%) $274,872 (3.9%) 0.00 60
    2022-11-01 $180,750 (9.2%) $282,330 (8.5%) 0.00 50
    2022-12-01 $179,000 (10.2%) $287,828 (12.2%) 0.00 53
    2023-01-01 $179,975 (10.8%) $313,277 (18.2%) 0.00 50
    2023-02-01 $224,950 (33.3%) $344,033 (4.9%) 0.00 47
    2023-03-01 $229,950 (17.7%) $348,252 (21.1%) 0.00 47
    2023-04-01 $239,000 (18.0%) $359,898 (25.0%) 0.00 46
    2023-05-01 $239,500 (12.7%) $366,166 (44.3%) 0.00 51
    2023-06-01 $232,225 (30.3%) $355,086 (47.6%) 0.00 54
    2023-07-01 $257,450 (47.1%) $362,740 (63.5%) 0.00 53
    2023-08-01 $252,500 (53.0%) $349,337 (36.0%) 0.00 59
    2023-09-01 $241,500 (44.8%) $343,889 (33.2%) 0.00 62
    2023-10-01 $249,500 (41.2%) $341,472 (24.2%) 0.00 63
    2023-11-01 $233,700 (29.3%) $336,687 (19.3%) 0.00 60
    2023-12-01 $234,900 (31.2%) $339,829 (18.1%) 0.00 55
    2024-01-01 $232,125 (29.0%) $331,815 (5.9%) 0.00 54
    2024-02-01 $242,500 (7.8%) $352,110 (2.4%) 0.00 47
    2024-03-01 $236,000 (2.6%) $334,427 (-4.0%) 0.00 52
    Hays's median listing price for 2024-03-01 was $236,000, a difference of $6,050 (2.6%) versus the prior year and $-6,500 versus the prior month.

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

    Hays's average listing price for 2024-03-01 was $334,427, a difference of $-13,825 (-4.0%) versus the prior year and $-17,683 versus the prior month.

    For the 2024-03-01 period, Hays had 52 MLS listings, a difference of 5 listings (11%) versus the prior month and 5 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hays (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,121 sqft
    2018-02-01 0 days 2,142 sqft
    2018-03-01 0 days 2,177 sqft
    2018-04-01 0 days 2,244 sqft
    2018-05-01 0 days 2,169 sqft
    2018-06-01 0 days 2,110 sqft
    2018-07-01 0 days 2,107 sqft
    2018-08-01 0 days 2,087 sqft
    2018-09-01 0 days 2,080 sqft
    2018-10-01 0 days 2,002 sqft
    2018-11-01 0 days 1,908 sqft
    2018-12-01 0 days 1,924 sqft
    2019-01-01 0 days 2,004 sqft
    2019-02-01 0 days 1,897 sqft
    2019-03-01 0 days 1,952 sqft
    2019-04-01 0 days 2,016 sqft
    2019-05-01 0 days 2,018 sqft
    2019-06-01 0 days 1,973 sqft
    2019-07-01 0 days 1,945 sqft
    2019-08-01 0 days 1,889 sqft
    2019-09-01 0 days 1,856 sqft
    2019-10-01 0 days 1,826 sqft
    2019-11-01 0 days 1,878 sqft
    2019-12-01 0 days 1,832 sqft
    2020-01-01 0 days 1,789 sqft
    2020-02-01 0 days 1,890 sqft
    2020-03-01 0 days 1,906 sqft
    2020-04-01 0 days 1,914 sqft
    2020-05-01 0 days 1,900 sqft
    2020-06-01 0 days 1,825 sqft
    2020-07-01 0 days 1,742 sqft
    2020-08-01 0 days 2,197 sqft
    2020-09-01 0 days 1,947 sqft
    2020-10-01 0 days 1,959 sqft
    2020-11-01 0 days 1,946 sqft
    2020-12-01 0 days 1,915 sqft
    2021-01-01 0 days 1,911 sqft
    2021-02-01 0 days 1,854 sqft
    2021-03-01 0 days 1,927 sqft
    2021-04-01 0 days 1,820 sqft
    2021-05-01 0 days 1,797 sqft
    2021-06-01 0 days 1,928 sqft
    2021-07-01 0 days 1,824 sqft
    2021-08-01 0 days 1,844 sqft
    2021-09-01 0 days 1,846 sqft
    2021-10-01 0 days 1,808 sqft
    2021-11-01 0 days 1,803 sqft
    2021-12-01 0 days 1,828 sqft
    2022-01-01 0 days 1,821 sqft
    2022-02-01 0 days 1,892 sqft
    2022-03-01 0 days 1,967 sqft
    2022-04-01 0 days 2,158 sqft
    2022-05-01 0 days 2,076 sqft
    2022-06-01 0 days 2,075 sqft
    2022-07-01 0 days 1,920 sqft
    2022-08-01 0 days 1,811 sqft
    2022-09-01 0 days 1,775 sqft
    2022-10-01 0 days 1,849 sqft
    2022-11-01 0 days 1,849 sqft
    2022-12-01 0 days 1,848 sqft
    2023-01-01 0 days 1,858 sqft
    2023-02-01 0 days 1,947 sqft
    2023-03-01 0 days 1,895 sqft
    2023-04-01 0 days 2,136 sqft
    2023-05-01 0 days 2,307 sqft
    2023-06-01 0 days 2,385 sqft
    2023-07-01 0 days 2,399 sqft
    2023-08-01 0 days 2,393 sqft
    2023-09-01 0 days 2,280 sqft
    2023-10-01 0 days 2,322 sqft
    2023-11-01 0 days 2,289 sqft
    2023-12-01 0 days 2,188 sqft
    2024-01-01 0 days 2,184 sqft
    2024-02-01 0 days 2,333 sqft
    2024-03-01 0 days 2,195 sqft
    Hays's median listing age (time on market) for 2024-03-01 was 0 days.

    Hays's median square footage for active listings during the 2024-03-01 period was 2,195 sqft. One year prior, the average listing was 1,895 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.