Lawrence VA Loans
LAWRENCE, KS
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 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.
Lawrence's 64 lenders originated 246 VA loans during 2021. The total origination value was $69,090,000, with an average VA loan value of $280,854.
Lawrence VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Lawrence
averaged
5.7%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.33% and
one month ago for the week of 2022-04-08, the
average rate was 5.25%.
The average rate one year ago was 2.87%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.54%.
Lawrence VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Lawrence level.
The top Lawrence VA lender as defined by loan originations is QUICKEN LOANS, LLC, with
19 VA loans originated. Their average total fees are
$7,256, which is $3,826
higher than the next largest lender,
NBH Bank.
The lowest fee Lawrence VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,206), NBH Bank ($3,430), USAA Federal Savings Bank ($4,953), Mortgage Research Center, LLC ($5,980) and PENNYMAC LOAN SERVICES, LLC ($6,072).
The lowest rate Lawrence VA lenders (with over 10 loans originated) are
NBH Bank (2.42%), PENNYMAC LOAN SERVICES, LLC (2.50%), LAKEVIEW LOAN SERVICING, LLC (2.50%), QUICKEN LOANS, LLC (2.53%) and USAA Federal Savings Bank (2.88%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Lawrence (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $292,400 (33.0%) | $335,842 (2.5%) | 0.00 | 290 |
2018-02-01 | $312,000 (30.0%) | $344,787 (2.4%) | 0.00 | 267 |
2018-03-01 | $299,900 (15.4%) | $350,754 (0.9%) | 0.00 | 286 |
2018-04-01 | $307,475 (18.3%) | $351,998 (-1.5%) | 0.00 | 309 |
2018-05-01 | $317,500 (8.9%) | $370,219 (2.0%) | 0.00 | 331 |
2018-06-01 | $309,900 (10.7%) | $357,676 (0.4%) | 0.00 | 398 |
2018-07-01 | $303,700 (5.1%) | $349,806 (-3.1%) | 0.00 | 454 |
2018-08-01 | $296,950 (7.1%) | $343,766 (0.9%) | 0.00 | 456 |
2018-09-01 | $298,900 (12.2%) | $349,433 (7.9%) | 0.00 | 447 |
2018-10-01 | $289,900 (5.4%) | $346,829 (7.7%) | 0.00 | 422 |
2018-11-01 | $287,475 (1.8%) | $340,778 (4.0%) | 0.00 | 422 |
2018-12-01 | $300,000 (7.2%) | $347,749 (7.3%) | 0.00 | 367 |
2019-01-01 | $322,500 (10.3%) | $347,037 (3.3%) | 0.00 | 324 |
2019-02-01 | $327,450 (5.0%) | $342,919 (-0.5%) | 0.00 | 308 |
2019-03-01 | $325,657 (8.6%) | $342,828 (-2.3%) | 0.00 | 339 |
2019-04-01 | $320,707 (4.3%) | $345,038 (-2.0%) | 0.00 | 371 |
2019-05-01 | $324,950 (2.4%) | $366,730 (-0.9%) | 0.00 | 382 |
2019-06-01 | $324,900 (4.8%) | $362,611 (1.4%) | 0.00 | 436 |
2019-07-01 | $307,450 (1.2%) | $353,850 (1.2%) | 0.00 | 465 |
2019-08-01 | $295,614 (-0.5%) | $342,726 (-0.3%) | 0.00 | 458 |
2019-09-01 | $295,614 (-1.1%) | $343,254 (-1.8%) | 0.00 | 442 |
2019-10-01 | $299,900 (3.5%) | $352,129 (1.5%) | 0.00 | 455 |
2019-11-01 | $299,900 (4.3%) | $357,884 (5.0%) | 0.00 | 433 |
2019-12-01 | $304,950 (1.7%) | $358,977 (3.2%) | 0.00 | 346 |
2020-01-01 | $312,500 (-3.1%) | $365,243 (5.3%) | 0.00 | 299 |
2020-02-01 | $319,000 (-2.6%) | $375,529 (9.5%) | 0.00 | 304 |
2020-03-01 | $331,450 (1.8%) | $384,389 (12.1%) | 0.00 | 325 |
2020-04-01 | $337,450 (5.2%) | $384,104 (11.3%) | 0.00 | 324 |
2020-05-01 | $339,900 (4.6%) | $387,643 (5.7%) | 0.00 | 302 |
2020-06-01 | $329,900 (1.5%) | $405,492 (11.8%) | 0.00 | 260 |
2020-07-01 | $326,450 (6.2%) | $406,111 (14.8%) | 0.00 | 233 |
2020-08-01 | $315,000 (6.6%) | $391,715 (14.3%) | 0.00 | 222 |
2020-09-01 | $298,000 (0.8%) | $363,342 (5.9%) | 0.00 | 221 |
2020-10-01 | $309,000 (3.0%) | $387,558 (10.1%) | 0.00 | 202 |
2020-11-01 | $299,950 (0.0%) | $387,903 (8.4%) | 0.00 | 172 |
2020-12-01 | $299,450 (-1.8%) | $393,506 (9.6%) | 0.00 | 139 |
2021-01-01 | $300,000 (-4.0%) | $392,813 (7.6%) | 0.00 | 112 |
2021-02-01 | $314,950 (-1.3%) | $396,487 (5.6%) | 0.00 | 82 |
2021-03-01 | $283,450 (-14.5%) | $356,131 (-7.4%) | 0.00 | 80 |
2021-04-01 | $297,000 (-12.0%) | $364,180 (-5.2%) | 0.00 | 91 |
2021-05-01 | $304,900 (-10.3%) | $370,087 (-4.5%) | 0.00 | 105 |
2021-06-01 | $294,475 (-10.7%) | $360,330 (-11.1%) | 0.00 | 114 |
2021-07-01 | $308,450 (-5.5%) | $376,523 (-7.3%) | 0.00 | 143 |
2021-08-01 | $302,000 (-4.1%) | $347,911 (-11.2%) | 0.00 | 165 |
2021-09-01 | $312,450 (4.9%) | $353,901 (-2.6%) | 0.00 | 155 |
2021-10-01 | $339,950 (10.0%) | $370,776 (-4.3%) | 0.00 | 166 |
2021-11-01 | $352,500 (17.5%) | $386,535 (-0.4%) | 0.00 | 115 |
2021-12-01 | $368,950 (23.2%) | $398,263 (1.2%) | 0.00 | 101 |
2022-01-01 | $385,000 (28.3%) | $437,050 (11.3%) | 0.00 | 89 |
2022-02-01 | $390,450 (24.0%) | $445,298 (12.3%) | 0.00 | 95 |
2022-03-01 | $389,950 (37.6%) | $426,377 (19.7%) | 0.00 | 103 |
2022-04-01 | $369,900 (24.6%) | $432,225 (18.7%) | 0.00 | 112 |
Lawrence's median listing price comes in at 0% of the national average.
Lawrence's average listing price for 2022-04-01 was $432,225, a difference of $68,045 (18.7%) versus the prior year and $5,848 versus the prior month.
For the 2022-04-01 period, Lawrence had 112 MLS listings, a difference of 9 listings (9%) versus the prior month and 21 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Lawrence (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,180 sqft |
2018-02-01 | 0 days | 2,295 sqft |
2018-03-01 | 0 days | 2,467 sqft |
2018-04-01 | 0 days | 2,458 sqft |
2018-05-01 | 0 days | 2,484 sqft |
2018-06-01 | 0 days | 2,518 sqft |
2018-07-01 | 0 days | 2,441 sqft |
2018-08-01 | 0 days | 2,219 sqft |
2018-09-01 | 0 days | 2,222 sqft |
2018-10-01 | 0 days | 2,222 sqft |
2018-11-01 | 0 days | 2,212 sqft |
2018-12-01 | 0 days | 2,381 sqft |
2019-01-01 | 0 days | 2,364 sqft |
2019-02-01 | 0 days | 2,301 sqft |
2019-03-01 | 0 days | 2,344 sqft |
2019-04-01 | 0 days | 2,420 sqft |
2019-05-01 | 0 days | 2,495 sqft |
2019-06-01 | 0 days | 2,490 sqft |
2019-07-01 | 0 days | 2,338 sqft |
2019-08-01 | 0 days | 2,250 sqft |
2019-09-01 | 0 days | 2,219 sqft |
2019-10-01 | 0 days | 2,341 sqft |
2019-11-01 | 0 days | 2,342 sqft |
2019-12-01 | 0 days | 2,242 sqft |
2020-01-01 | 0 days | 2,262 sqft |
2020-02-01 | 0 days | 2,278 sqft |
2020-03-01 | 0 days | 2,354 sqft |
2020-04-01 | 0 days | 2,357 sqft |
2020-05-01 | 0 days | 2,412 sqft |
2020-06-01 | 0 days | 2,430 sqft |
2020-07-01 | 0 days | 2,412 sqft |
2020-08-01 | 0 days | 2,200 sqft |
2020-09-01 | 0 days | 2,007 sqft |
2020-10-01 | 0 days | 2,137 sqft |
2020-11-01 | 0 days | 2,014 sqft |
2020-12-01 | 0 days | 2,059 sqft |
2021-01-01 | 0 days | 1,950 sqft |
2021-02-01 | 0 days | 1,954 sqft |
2021-03-01 | 0 days | 1,818 sqft |
2021-04-01 | 0 days | 1,995 sqft |
2021-05-01 | 0 days | 1,929 sqft |
2021-06-01 | 0 days | 1,900 sqft |
2021-07-01 | 0 days | 2,009 sqft |
2021-08-01 | 0 days | 1,844 sqft |
2021-09-01 | 0 days | 1,929 sqft |
2021-10-01 | 0 days | 1,975 sqft |
2021-11-01 | 0 days | 1,897 sqft |
2021-12-01 | 0 days | 2,006 sqft |
2022-01-01 | 0 days | 1,980 sqft |
2022-02-01 | 0 days | 2,105 sqft |
2022-03-01 | 0 days | 2,032 sqft |
2022-04-01 | 0 days | 2,040 sqft |
Lawrence's median square footage for active listings during the 2022-04-01 period was 2,040 sqft. One year prior, the average listing was 1,995 sqft.