Lexington VA Loan Rates, Closing Costs & Stats

Lexington, NE

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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 9 lenders originated 15 VA loans during 2023. The total origination value was $2,985,000, with an average VA loan value of $199,000.

    Lexington VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lexington averaged 7.11% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

    Lexington's average VA mortgage closing costs are $4,704.

    The average rate for the prior week (2024-04-05) was 6.96% and one month ago for the week of 2024-03-08, the average rate was 6.49%.

    The average rate one year ago was 6.09%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.57%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 4 6.75% $3,833
    FREEDOM MORTGAGE CORPORATION 3 6.92% $6,052
    First State Bank 1 6.88% $12,331
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.38% $6,269
    Lincoln FSB of Nebraska 1 6.88% $2,419
    NEW DAY FINANCIAL, LLC 1 7.75% $6,824
    CENTRIS FEDERAL CREDIT UNION 1 6.75% $10,695
    Wallick & Volk, Inc. 1 6.63% $13,765
    First National Bank of Omaha 1 6.13% $3,962

    The top Lexington VA lender as defined by loan originations is Mortgage Research Center, LLC, with 4 VA loans originated. Their average total fees are $3,833, which is $2,219 lower than the next largest lender, FREEDOM MORTGAGE CORPORATION.

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

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

    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 $98,100 (-18.1%) $143,257 (0.3%) 0.00 57
    2018-02-01 $108,950 (4.6%) $150,243 (11.8%) 0.00 60
    2018-03-01 $128,500 (29.8%) $168,504 (26.7%) 0.00 61
    2018-04-01 $155,000 (37.8%) $175,086 (26.2%) 0.00 62
    2018-05-01 $154,725 (23.8%) $170,988 (19.2%) 0.00 69
    2018-06-01 $162,500 (30.4%) $197,989 (41.8%) 0.00 104
    2018-07-01 $159,000 (28.3%) $196,382 (37.7%) 0.00 94
    2018-08-01 $139,450 (5.1%) $181,117 (13.4%) 0.00 88
    2018-09-01 $139,900 (1.8%) $176,133 (1.6%) 0.00 90
    2018-10-01 $151,200 (11.2%) $191,000 (20.0%) 0.00 80
    2018-11-01 $162,425 (17.5%) $197,165 (28.3%) 0.00 80
    2018-12-01 $164,975 (32.5%) $196,849 (33.4%) 0.00 76
    2019-01-01 $165,000 (68.2%) $209,915 (46.5%) 0.00 95
    2019-02-01 $164,988 (51.4%) $211,554 (40.8%) 0.00 92
    2019-03-01 $167,386 (30.3%) $213,935 (27.0%) 0.00 91
    2019-04-01 $167,236 (7.9%) $211,104 (20.6%) 0.00 93
    2019-05-01 $168,750 (9.1%) $216,883 (26.8%) 0.00 103
    2019-06-01 $165,750 (2.0%) $210,305 (6.2%) 0.00 111
    2019-07-01 $162,400 (2.1%) $218,086 (11.1%) 0.00 107
    2019-08-01 $167,836 (20.4%) $222,246 (22.7%) 0.00 105
    2019-09-01 $179,741 (28.5%) $225,539 (28.1%) 0.00 103
    2019-10-01 $187,677 (24.1%) $225,772 (18.2%) 0.00 102
    2019-11-01 $169,500 (4.4%) $214,695 (8.9%) 0.00 87
    2019-12-01 $192,975 (17.0%) $216,590 (10.0%) 0.00 85
    2020-01-01 $199,000 (20.6%) $222,116 (5.8%) 0.00 79
    2020-02-01 $199,900 (21.2%) $218,607 (3.3%) 0.00 82
    2020-03-01 $205,225 (22.6%) $236,208 (10.4%) 0.00 84
    2020-04-01 $213,250 (27.5%) $241,222 (14.3%) 0.00 83
    2020-05-01 $216,950 (28.6%) $242,613 (11.9%) 0.00 86
    2020-06-01 $214,250 (29.3%) $249,874 (18.8%) 0.00 70
    2020-07-01 $215,000 (32.4%) $248,766 (14.1%) 0.00 66
    2020-08-01 $195,000 (16.2%) $230,693 (3.8%) 0.00 71
    2020-09-01 $182,950 (1.8%) $218,338 (-3.2%) 0.00 66
    2020-10-01 $179,900 (-4.1%) $211,116 (-6.5%) 0.00 58
    2020-11-01 $169,900 (0.2%) $206,968 (-3.6%) 0.00 57
    2020-12-01 $167,450 (-13.2%) $207,310 (-4.3%) 0.00 46
    2021-01-01 $165,000 (-17.1%) $201,563 (-9.3%) 0.00 41
    2021-02-01 $145,875 (-27.0%) $189,999 (-13.1%) 0.00 43
    2021-03-01 $160,000 (-22.0%) $202,658 (-14.2%) 0.00 22
    2021-04-01 $168,500 (-21.0%) $224,996 (-6.7%) 0.00 21
    2021-05-01 $210,000 (-3.2%) $257,453 (6.1%) 0.00 20
    2021-06-01 $224,900 (5.0%) $258,174 (3.3%) 0.00 25
    2021-07-01 $232,450 (8.1%) $255,617 (2.8%) 0.00 25
    2021-08-01 $227,000 (16.4%) $247,355 (7.2%) 0.00 25
    2021-09-01 $211,250 (15.5%) $213,523 (-2.2%) 0.00 32
    2021-10-01 $182,000 (1.2%) $204,031 (-3.4%) 0.00 26
    2021-11-01 $194,075 (14.2%) $224,535 (8.5%) 0.00 25
    2021-12-01 $192,725 (15.1%) $248,333 (19.8%) 0.00 27
    2022-01-01 $219,000 (32.7%) $267,384 (32.7%) 0.00 31
    2022-02-01 $223,500 (53.2%) $281,019 (47.9%) 0.00 26
    2022-03-01 $235,500 (47.2%) $306,023 (51.0%) 0.00 25
    2022-04-01 $222,500 (32.1%) $282,287 (25.5%) 0.00 27
    2022-05-01 $218,500 (4.1%) $282,746 (9.8%) 0.00 24
    2022-06-01 $209,375 (-6.9%) $285,364 (10.5%) 0.00 26
    2022-07-01 $289,000 (24.3%) $322,938 (26.3%) 0.00 30
    2022-08-01 $283,250 (24.8%) $338,468 (36.8%) 0.00 40
    2022-09-01 $275,000 (30.2%) $320,705 (50.2%) 0.00 43
    2022-10-01 $258,000 (41.8%) $343,738 (68.5%) 0.00 48
    2022-11-01 $269,950 (39.1%) $338,060 (50.6%) 0.00 57
    2022-12-01 $269,950 (40.1%) $321,718 (29.6%) 0.00 50
    2023-01-01 $269,925 (23.3%) $327,643 (22.5%) 0.00 49
    2023-02-01 $271,250 (21.4%) $315,003 (12.1%) 0.00 39
    2023-03-01 $288,375 (22.5%) $353,832 (15.6%) 0.00 41
    2023-04-01 $296,000 (33.0%) $359,116 (27.2%) 0.00 47
    2023-05-01 $294,750 (34.9%) $362,737 (28.3%) 0.00 45
    2023-06-01 $278,600 (33.1%) $372,733 (30.6%) 0.00 49
    2023-07-01 $281,200 (-2.7%) $371,107 (14.9%) 0.00 50
    2023-08-01 $245,700 (-13.3%) $353,118 (4.3%) 0.00 57
    2023-09-01 $238,500 (-13.3%) $358,262 (11.7%) 0.00 57
    2023-10-01 $238,500 (-7.6%) $341,973 (-0.5%) 0.00 57
    2023-11-01 $268,750 (-0.4%) $313,132 (-7.4%) 0.00 50
    2023-12-01 $294,000 (8.9%) $319,008 (-0.8%) 0.00 63
    2024-01-01 $270,875 (0.4%) $318,948 (-2.7%) 0.00 68
    2024-02-01 $275,450 (1.6%) $325,834 (3.4%) 0.00 62
    2024-03-01 $283,500 (-1.7%) $316,955 (-10.4%) 0.00 74
    Lexington's median listing price for 2024-03-01 was $283,500, a difference of $-4,875 (-1.7%) versus the prior year and $8,050 versus the prior month.

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

    Lexington's average listing price for 2024-03-01 was $316,955, a difference of $-36,877 (-10.4%) versus the prior year and $-8,879 versus the prior month.

    For the 2024-03-01 period, Lexington had 74 MLS listings, a difference of 12 listings (19%) versus the prior month and 33 listings (80%) 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 0 days 1,547 sqft
    2018-02-01 0 days 1,590 sqft
    2018-03-01 0 days 1,780 sqft
    2018-04-01 0 days 2,002 sqft
    2018-05-01 0 days 1,862 sqft
    2018-06-01 0 days 1,830 sqft
    2018-07-01 0 days 1,863 sqft
    2018-08-01 0 days 1,749 sqft
    2018-09-01 0 days 1,751 sqft
    2018-10-01 0 days 1,830 sqft
    2018-11-01 0 days 1,850 sqft
    2018-12-01 0 days 1,872 sqft
    2019-01-01 0 days 1,920 sqft
    2019-02-01 0 days 1,920 sqft
    2019-03-01 0 days 1,912 sqft
    2019-04-01 0 days 1,919 sqft
    2019-05-01 0 days 1,910 sqft
    2019-06-01 0 days 1,846 sqft
    2019-07-01 0 days 1,812 sqft
    2019-08-01 0 days 1,872 sqft
    2019-09-01 0 days 1,842 sqft
    2019-10-01 0 days 1,833 sqft
    2019-11-01 0 days 1,866 sqft
    2019-12-01 0 days 1,844 sqft
    2020-01-01 0 days 1,856 sqft
    2020-02-01 0 days 1,770 sqft
    2020-03-01 0 days 1,800 sqft
    2020-04-01 0 days 1,790 sqft
    2020-05-01 0 days 1,866 sqft
    2020-06-01 0 days 1,999 sqft
    2020-07-01 0 days 2,075 sqft
    2020-08-01 0 days 2,097 sqft
    2020-09-01 0 days 2,078 sqft
    2020-10-01 0 days 1,798 sqft
    2020-11-01 0 days 1,845 sqft
    2020-12-01 0 days 1,943 sqft
    2021-01-01 0 days 1,995 sqft
    2021-02-01 0 days 1,782 sqft
    2021-03-01 0 days 1,682 sqft
    2021-04-01 0 days 2,208 sqft
    2021-05-01 0 days 2,480 sqft
    2021-06-01 0 days 2,260 sqft
    2021-07-01 0 days 2,288 sqft
    2021-08-01 0 days 2,289 sqft
    2021-09-01 0 days 1,983 sqft
    2021-10-01 0 days 1,934 sqft
    2021-11-01 0 days 1,994 sqft
    2021-12-01 0 days 2,007 sqft
    2022-01-01 0 days 2,098 sqft
    2022-02-01 0 days 2,006 sqft
    2022-03-01 0 days 1,992 sqft
    2022-04-01 0 days 2,002 sqft
    2022-05-01 0 days 1,750 sqft
    2022-06-01 0 days 2,249 sqft
    2022-07-01 0 days 2,458 sqft
    2022-08-01 0 days 2,095 sqft
    2022-09-01 0 days 2,039 sqft
    2022-10-01 0 days 2,044 sqft
    2022-11-01 0 days 1,687 sqft
    2022-12-01 0 days 1,687 sqft
    2023-01-01 0 days 1,687 sqft
    2023-02-01 0 days 1,719 sqft
    2023-03-01 0 days 1,991 sqft
    2023-04-01 0 days 2,198 sqft
    2023-05-01 0 days 2,203 sqft
    2023-06-01 0 days 2,174 sqft
    2023-07-01 0 days 2,058 sqft
    2023-08-01 0 days 1,752 sqft
    2023-09-01 0 days 1,687 sqft
    2023-10-01 0 days 1,809 sqft
    2023-11-01 0 days 1,857 sqft
    2023-12-01 0 days 1,720 sqft
    2024-01-01 0 days 1,740 sqft
    2024-02-01 0 days 1,734 sqft
    2024-03-01 0 days 1,734 sqft
    Lexington's median listing age (time on market) for 2024-03-01 was 0 days.

    Lexington's median square footage for active listings during the 2024-03-01 period was 1,734 sqft. One year prior, the average listing was 1,991 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.