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 0.62% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2025-06-13) was 6.77% and one month ago for the week of 2025-05-16, the average rate was 6.73%.

    The average rate one year ago was 6.93%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.2%.

    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%).

    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.