Lexington VA Loan Rates, Closing Costs & Stats

LEXINGTON-FAYETTE, 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.

    Lexington's 83 lenders originated 603 VA loans during 2024. The total origination value was $190,235,000, with an average VA loan value of $315,481.

    Lexington VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lexington averaged 6.28% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Lexington's average VA mortgage closing costs are $5,817.

    The average rate for the prior week (2025-03-28) was 6.7% and one month ago for the week of 2025-02-28, the average rate was 6.48%.

    The average rate one year ago was 6.69%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.16%.

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

    Lexington 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 Lexington level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 107 6.38% $5,338
    QUICKEN LOANS, LLC 38 6.32% $9,352
    STOCKTON MORTGAGE CORPORATION 38 6.07% $9,639
    FREEDOM MORTGAGE CORPORATION 37 6.36% $8,485
    UNITED WHOLESALE MORTGAGE, LLC 30 5.88% $7,873
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 26 6.55% $11,931
    USAA Federal Savings Bank 19 6.21% $9,145
    NEW DAY FINANCIAL, LLC 18 7.58% $13,380
    NAVY FEDERAL CREDIT UNION 17 5.88% $3,696
    PENNYMAC LOAN SERVICES, LLC 13 5.49% $7,265
    NEWREZ LLC 11 6.01% $6,966
    The Federal Savings Bank 8 6.36% $11,933
    GUARANTEED RATE, INC. 8 6.00% $12,374
    Republic State Mortgage Co. 7 6.57% $4,652
    LOANDEPOT.COM, LLC 7 6.16% $9,521
    BROKER SOLUTIONS, INC. 7 6.61% $9,576
    Peoples Exchange Bank 7 5.96% $4,072
    PLANET HOME LENDING, LLC 7 5.73% $3,990
    U.S. Bank 7 6.29% $11,273
    Ixonia Bank 6 6.88% $8,919
    LAKEVIEW LOAN SERVICING, LLC 6 5.46% $7,979
    T2 FINANCIAL LLC 6 5.75% $5,101
    Guardian Savings Bank, A Federal Savings Bank 6 5.85% $4,809
    Mr. Cooper ( Nationstar Mortgage ) 6 6.40% $11,240
    Bank of England 5 6.58% $8,532
    GENEVA FINANCIAL, LLC 5 6.58% $6,711
    FBC MORTGAGE, LLC 5 6.17% $8,371
    Magnolia Bank 5 5.53% $17,736
    Carrington Mortgage Services, LLC 5 5.98% $14,352
    VILLAGE CAPITAL MORTGAGE 5 5.85% $7,577
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 4 6.25% $13,559
    RUOFF MORTGAGE COMPANY, INC. 4 6.53% $7,439
    UNION HOME MORTGAGE CORP. 4 6.41% $8,713
    Prosperity Home Mortgage, LLC 4 6.16% $8,675
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.42% $3,757
    Fifth Third Bank 3 6.54% $4,816
    Barrington Bank & Trust Company, N.A. 3 6.04% $6,394
    Stock Yards Bank & Trust Company 3 6.38% $2,417
    SWBC MORTGAGE CORPORATION 3 6.92% $6,189
    Truist 3 6.18% $5,229
    Central Bank 3 6.25% $7,361
    CROSSCOUNTRY MORTGAGE, LLC 3 6.54% $6,452
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.38% $15,667
    PENTAGON FEDERAL CREDIT UNION 3 6.25% $5,908
    JPMorgan Chase Bank 2 6.25% $4,277
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.44% $3,514
    GUILD MORTGAGE COMPANY 2 5.88% $9,420
    AmRes Corporation 2 6.75% $10,206
    Traditional Bank, Inc. 2 6.63% $3,807
    NFM, INC. 2 5.88% $4,947
    Northpointe Bank 2 6.13% $4,161
    Equity Prime Mortgage LLC 2 6.25% $7,433
    Flagstar Bank, FSB 2 6.13% $18,613
    Texana Bank 2 5.93% $9,075
    Republic Bank & Trust Company 2 6.00% $5,452
    SUN WEST MORTGAGE COMPANY, INC. 2 6.19% $3,514
    MORTGAGE INVESTORS GROUP, INC. 2 5.88% $4,689
    PLAZA HOME MORTGAGE, INC. 2 6.06% $3,694
    Old National Bank 1 5.88% $4,711
    American Mortgage & Equity Consultants, Inc. 1 7.25% $14,720
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $8,765
    BAY EQUITY LLC 1 6.75% $2,599
    BAYSHORE MORTGAGE FUNDING, LLC 1 4.88% $9,190
    CLEARPATH LENDING 1 5.25% $4,265
    CMG MORTGAGE, INC. 1 6.13% $5,049
    EVERETT FINANCIAL, INC. 1 7.00% $10,654
    First Federal Bank 1 6.00% $10,180
    FIRST MORTGAGE COMPANY, INC. 1 5.63% $16,946
    GERSHMAN INVESTMENT CORP. 1 6.25% $8
    GoPrime Mortgage, Inc. 1 8.25% $6,701
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.00% $2,870
    HOMESIDE FINANCIAL, LLC 1 6.63% $20,832
    Lakeview Community Capital, LLC 1 5.75% $3,020
    LEADERONE FINANCIAL CORPORATION 1 5.75% $8,097
    MICHIGAN MUTUAL, INC. 1 6.25% $18,640
    ALLIED MORTGAGE GROUP, INC. 1 5.75% $8,957
    Paramount Residential Mortgage Group, Inc. 1 7.25% $11,166
    PHH Mortgage Corporation 1 5.49% $8,791
    PREMIER LENDING, INC. 1 6.63% $5,725
    ROYAL UNITED MORTGAGE LLC 1 6.25% $11,903
    SOUTH CENTRAL BANK, INC. 1 6.25% $2,862
    The First National Bank of Middle Tennessee 1 5.75% $3,179
    WesBanco 1 5.75% $3,605

    The top Lexington VA lender as defined by loan originations is Mortgage Research Center, LLC, with 107 VA loans originated. Their average total fees are $5,338, which is $4,014 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Lexington VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($3,696), Mortgage Research Center, LLC ($5,338), NEWREZ LLC ($6,966), PENNYMAC LOAN SERVICES, LLC ($7,265) and UNITED WHOLESALE MORTGAGE, LLC ($7,873).

    The lowest rate Lexington VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.49%), NAVY FEDERAL CREDIT UNION (5.88%), UNITED WHOLESALE MORTGAGE, LLC (5.88%), NEWREZ LLC (6.01%) and STOCKTON MORTGAGE CORPORATION (6.07%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lexington (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 $269,450 (6.9%) $375,455 (2.1%) 1.00 1,418
    2018-02-01 $283,600 (6.0%) $388,429 (1.3%) 1.03 1,328
    2018-03-01 $299,000 (5.1%) $407,171 (0.0%) 1.05 1,345
    2018-04-01 $309,900 (3.3%) $420,776 (-0.3%) 1.05 1,369
    2018-05-01 $314,609 (4.5%) $430,696 (3.6%) 1.05 1,505
    2018-06-01 $315,000 (5.4%) $429,781 (5.9%) 1.05 1,570
    2018-07-01 $299,950 (3.4%) $418,594 (6.4%) 1.00 1,717
    2018-08-01 $289,042 (3.3%) $403,437 (6.3%) 0.97 1,881
    2018-09-01 $288,950 (3.2%) $397,200 (4.6%) 0.97 1,908
    2018-10-01 $278,937 (-0.3%) $389,152 (2.1%) 0.94 1,955
    2018-11-01 $269,175 (-2.5%) $375,432 (0.2%) 0.91 1,892
    2018-12-01 $265,000 (-1.8%) $367,138 (-1.3%) 0.91 1,752
    2019-01-01 $267,187 (-0.8%) $366,896 (-2.3%) 0.92 1,619
    2019-02-01 $283,700 (0.0%) $380,512 (-2.0%) 0.96 1,465
    2019-03-01 $293,621 (-1.8%) $391,077 (-4.0%) 0.96 1,475
    2019-04-01 $303,973 (-1.9%) $402,543 (-4.3%) 0.97 1,512
    2019-05-01 $309,900 (-1.5%) $403,644 (-6.3%) 0.97 1,614
    2019-06-01 $309,900 (-1.6%) $398,714 (-7.2%) 0.97 1,662
    2019-07-01 $300,000 (0.0%) $392,806 (-6.2%) 0.94 1,774
    2019-08-01 $297,245 (2.8%) $398,369 (-1.3%) 0.94 1,793
    2019-09-01 $293,114 (1.4%) $409,319 (3.1%) 0.94 1,813
    2019-10-01 $290,359 (4.1%) $418,715 (7.6%) 0.94 1,803
    2019-11-01 $288,946 (7.3%) $422,514 (12.5%) 0.95 1,675
    2019-12-01 $283,450 (7.0%) $422,192 (15.0%) 0.95 1,514
    2020-01-01 $291,750 (9.2%) $434,848 (18.5%) 0.97 1,350
    2020-02-01 $309,950 (9.3%) $458,635 (20.5%) 1.01 1,270
    2020-03-01 $318,735 (8.6%) $414,554 (6.0%) 1.00 1,219
    2020-04-01 $316,553 (4.1%) $416,691 (3.5%) 0.99 1,232
    2020-05-01 $323,475 (4.4%) $436,068 (8.0%) 0.98 1,166
    2020-06-01 $324,900 (4.8%) $467,554 (17.3%) 0.96 1,100
    2020-07-01 $325,890 (8.6%) $454,149 (15.6%) 0.94 995
    2020-08-01 $329,000 (10.7%) $456,993 (14.7%) 0.94 967
    2020-09-01 $327,559 (11.8%) $456,204 (11.5%) 0.94 913
    2020-10-01 $326,767 (12.5%) $455,472 (8.8%) 0.94 896
    2020-11-01 $321,950 (11.4%) $451,463 (6.9%) 0.94 824
    2020-12-01 $319,900 (12.9%) $440,364 (4.3%) 0.95 751
    2021-01-01 $324,900 (11.4%) $453,507 (4.3%) 0.97 668
    2021-02-01 $329,780 (6.4%) $464,315 (1.2%) 0.96 574
    2021-03-01 $328,975 (3.2%) $468,324 (13.0%) 0.93 544
    2021-04-01 $331,080 (4.6%) $490,600 (17.7%) 0.90 566
    2021-05-01 $344,305 (6.4%) $518,436 (18.9%) 0.91 565
    2021-06-01 $328,000 (1.0%) $477,862 (2.2%) 0.86 610
    2021-07-01 $315,000 (-3.3%) $462,975 (1.9%) 0.83 658
    2021-08-01 $317,450 (-3.5%) $456,489 (-0.1%) 0.85 708
    2021-09-01 $314,675 (-3.9%) $457,952 (0.4%) 0.84 723
    2021-10-01 $311,900 (-4.6%) $446,520 (-2.0%) 0.83 682
    2021-11-01 $317,500 (-1.4%) $467,460 (3.5%) 0.85 606
    2021-12-01 $319,500 (-0.1%) $458,145 (4.0%) 0.87 507
    2022-01-01 $329,360 (1.4%) $490,040 (8.1%) 0.89 409
    2022-02-01 $348,095 (5.6%) $494,651 (6.5%) 0.91 396
    2022-03-01 $352,500 (7.2%) $506,204 (8.1%) 0.88 439
    2022-04-01 $375,390 (13.4%) $501,017 (2.1%) 0.89 483
    2022-05-01 $388,175 (12.7%) $504,815 (-2.6%) 0.89 568
    2022-06-01 $394,700 (20.3%) $493,676 (3.3%) 0.88 688
    2022-07-01 $399,000 (26.7%) $494,916 (6.9%) 0.90 801
    2022-08-01 $383,600 (20.8%) $490,924 (7.5%) 0.89 853
    2022-09-01 $386,950 (23.0%) $496,722 (8.5%) 0.90 846
    2022-10-01 $386,900 (24.1%) $507,050 (13.6%) 0.91 901
    2022-11-01 $374,757 (18.0%) $474,894 (1.6%) 0.90 924
    2022-12-01 $369,900 (15.8%) $461,018 (0.6%) 0.91 893
    2023-01-01 $387,100 (17.5%) $485,795 (-0.9%) 0.96 769
    2023-02-01 $397,450 (14.2%) $496,914 (0.5%) 0.96 720
    2023-03-01 $399,900 (13.5%) $504,073 (-0.4%) 0.94 710
    2023-04-01 $399,900 (6.5%) $510,750 (1.9%) 0.93 698
    2023-05-01 $409,400 (5.5%) $530,166 (5.0%) 0.93 705
    2023-06-01 $414,975 (5.1%) $536,676 (8.7%) 0.93 739
    2023-07-01 $409,900 (2.7%) $528,081 (6.7%) 0.93 788
    2023-08-01 $399,850 (4.2%) $509,960 (3.9%) 0.92 849
    2023-09-01 $397,173 (2.6%) $507,596 (2.2%) 0.92 894
    2023-10-01 $397,561 (2.8%) $509,706 (0.5%) 0.94 956
    2023-11-01 $393,046 (4.9%) $510,535 (7.5%) 0.94 989
    2023-12-01 $390,717 (5.6%) $501,915 (8.9%) 0.95 886
    2024-01-01 $395,000 (2.0%) $510,918 (5.2%) 0.96 780
    2024-02-01 $399,425 (0.5%) $519,278 (4.5%) 0.96 737
    2024-03-01 $399,900 (0.0%) $533,785 (5.9%) 0.94 717
    2024-04-01 $399,900 (0.0%) $547,674 (7.2%) 0.93 759
    2024-05-01 $399,475 (-2.4%) $555,468 (4.8%) 0.91 770
    2024-06-01 $399,900 (-3.6%) $542,050 (1.0%) 0.91 876
    2024-07-01 $399,900 (-2.4%) $538,365 (2.0%) 0.91 967
    2024-08-01 $395,000 (-1.2%) $545,010 (6.9%) 0.92 996
    2024-09-01 $398,685 (0.4%) $552,623 (8.9%) 0.94 1,041
    2024-10-01 $396,305 (-0.3%) $549,112 (7.7%) 0.93 1,046
    2024-11-01 $399,000 (1.5%) $546,402 (7.0%) 0.96 1,158
    2024-12-01 $399,950 (2.4%) $535,048 (6.6%) 0.99 1,012
    2025-01-01 $398,720 (0.9%) $538,505 (5.4%) 1.00 910
    2025-02-01 $398,786 (-0.2%) $548,785 (5.7%) 0.97 873
    2025-03-01 $399,900 (0.0%) $557,339 (4.4%) 0.00 883
    Lexington's median listing price for 2025-03-01 was $399,900, a difference of $0 (0.0%) versus the prior year and $1,114 versus the prior month.

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

    Lexington's average listing price for 2025-03-01 was $557,339, a difference of $23,554 (4.4%) versus the prior year and $8,554 versus the prior month.

    For the 2025-03-01 period, Lexington had 883 MLS listings, a difference of 10 listings (1%) versus the prior month and 166 listings (23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lexington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 86 days 2,278 sqft
    2018-02-01 82 days 2,334 sqft
    2018-03-01 57 days 2,376 sqft
    2018-04-01 52 days 2,440 sqft
    2018-05-01 45 days 2,471 sqft
    2018-06-01 46 days 2,474 sqft
    2018-07-01 52 days 2,414 sqft
    2018-08-01 52 days 2,376 sqft
    2018-09-01 56 days 2,366 sqft
    2018-10-01 61 days 2,309 sqft
    2018-11-01 67 days 2,258 sqft
    2018-12-01 75 days 2,180 sqft
    2019-01-01 80 days 2,193 sqft
    2019-02-01 79 days 2,286 sqft
    2019-03-01 66 days 2,320 sqft
    2019-04-01 52 days 2,368 sqft
    2019-05-01 51 days 2,362 sqft
    2019-06-01 51 days 2,377 sqft
    2019-07-01 56 days 2,366 sqft
    2019-08-01 56 days 2,353 sqft
    2019-09-01 59 days 2,305 sqft
    2019-10-01 62 days 2,277 sqft
    2019-11-01 66 days 2,238 sqft
    2019-12-01 77 days 2,187 sqft
    2020-01-01 88 days 2,206 sqft
    2020-02-01 85 days 2,300 sqft
    2020-03-01 65 days 2,308 sqft
    2020-04-01 66 days 2,327 sqft
    2020-05-01 64 days 2,381 sqft
    2020-06-01 58 days 2,381 sqft
    2020-07-01 57 days 2,366 sqft
    2020-08-01 60 days 2,365 sqft
    2020-09-01 72 days 2,346 sqft
    2020-10-01 73 days 2,316 sqft
    2020-11-01 78 days 2,233 sqft
    2020-12-01 72 days 2,104 sqft
    2021-01-01 70 days 2,163 sqft
    2021-02-01 72 days 2,134 sqft
    2021-03-01 54 days 2,149 sqft
    2021-04-01 43 days 2,165 sqft
    2021-05-01 38 days 2,180 sqft
    2021-06-01 43 days 2,089 sqft
    2021-07-01 39 days 2,000 sqft
    2021-08-01 40 days 2,036 sqft
    2021-09-01 44 days 2,005 sqft
    2021-10-01 46 days 1,979 sqft
    2021-11-01 52 days 1,995 sqft
    2021-12-01 59 days 1,980 sqft
    2022-01-01 64 days 2,010 sqft
    2022-02-01 53 days 2,034 sqft
    2022-03-01 41 days 2,085 sqft
    2022-04-01 36 days 2,101 sqft
    2022-05-01 39 days 2,153 sqft
    2022-06-01 37 days 2,200 sqft
    2022-07-01 37 days 2,214 sqft
    2022-08-01 40 days 2,218 sqft
    2022-09-01 46 days 2,228 sqft
    2022-10-01 52 days 2,248 sqft
    2022-11-01 57 days 2,199 sqft
    2022-12-01 68 days 2,168 sqft
    2023-01-01 77 days 2,203 sqft
    2023-02-01 77 days 2,257 sqft
    2023-03-01 61 days 2,276 sqft
    2023-04-01 52 days 2,290 sqft
    2023-05-01 51 days 2,301 sqft
    2023-06-01 50 days 2,287 sqft
    2023-07-01 47 days 2,268 sqft
    2023-08-01 46 days 2,224 sqft
    2023-09-01 45 days 2,200 sqft
    2023-10-01 50 days 2,170 sqft
    2023-11-01 56 days 2,132 sqft
    2023-12-01 67 days 2,115 sqft
    2024-01-01 79 days 2,115 sqft
    2024-02-01 73 days 2,132 sqft
    2024-03-01 54 days 2,149 sqft
    2024-04-01 45 days 2,152 sqft
    2024-05-01 39 days 2,169 sqft
    2024-06-01 45 days 2,171 sqft
    2024-07-01 43 days 2,148 sqft
    2024-08-01 49 days 2,133 sqft
    2024-09-01 48 days 2,146 sqft
    2024-10-01 48 days 2,138 sqft
    2024-11-01 51 days 2,134 sqft
    2024-12-01 61 days 2,136 sqft
    2025-01-01 73 days 2,129 sqft
    2025-02-01 76 days 2,120 sqft
    2025-03-01 0 days 2,076 sqft
    Lexington's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Lexington's median square footage for active listings during the 2025-03-01 period was 2,076 sqft. One year prior, the average listing was 2,149 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.