Lincoln VA Loan Rates, Closing Costs & Stats

LINCOLN, 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.

    Lincoln's 54 lenders originated 332 VA loans during 2023. The total origination value was $101,910,000, with an average VA loan value of $306,958.

    Lincoln VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lincoln averaged 6.82% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Lincoln's average VA mortgage closing costs are $4,716.

    The average rate for the prior week (2024-04-12) was 6.95% and one month ago for the week of 2024-03-15, the average rate was 6.41%.

    The average rate one year ago was 6.1%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.44%.

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

    Lincoln 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 Lincoln level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 46 6.56% $7,272
    Lincoln FSB of Nebraska 35 6.26% $5,245
    GERSHMAN INVESTMENT CORP. 26 6.49% $7,331
    Prosperity Home Mortgage, LLC 23 6.47% $4,144
    QUICKEN LOANS, LLC 19 6.15% $9,797
    CHARTER WEST BANK 16 6.67% $5,903
    USAA Federal Savings Bank 11 6.18% $7,970
    NAVY FEDERAL CREDIT UNION 10 5.86% $3,769
    FREEDOM MORTGAGE CORPORATION 10 6.60% $15,551
    CMG MORTGAGE, INC. 9 6.57% $7,768
    LIBERTY FIRST 8 6.13% $4,468
    Pinnacle Bank 7 6.29% $6,509
    MORIA DEVELOPMENT, INC. 5 6.70% $6,983
    LOANDEPOT.COM, LLC 5 6.50% $9,959
    First Bank 5 6.28% $6,129
    First National Bank of Omaha 5 6.60% $8,116
    UNITED WHOLESALE MORTGAGE, LLC 5 6.40% $10,260
    West Gate Bank 4 6.38% $2,249
    Wells Fargo Bank 3 6.42% $5,315
    Regent Financial Group, Inc. 3 6.71% $8,882
    Union Bank and Trust Company 3 6.29% $4,895
    U.S. HOME MORTGAGE, INC. 3 6.29% $2,252
    PENNYMAC LOAN SERVICES, LLC 3 5.33% $7,305
    U.S. Bank 3 6.21% $6,203
    Plains Commerce Bank 3 6.21% $3,935
    UNION HOME MORTGAGE CORP. 3 6.29% $1,992
    NEW DAY FINANCIAL, LLC 2 7.81% $8,141
    DELMAR FINANCIAL COMPANY 2 6.38% $3,218
    Gateway First Bank 2 6.44% $2,097
    GUARANTEED RATE, INC. 2 6.49% $4,295
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.69% $4,269
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 8.19% $5,726
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.69% $15,271
    NEWREZ LLC 2 6.75% $3,680
    Paramount Residential Mortgage Group, Inc. 2 6.94% $5,175
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.25% $1,873
    Mr. Cooper ( Nationstar Mortgage ) 1 7.13% $17,245
    GUARANTEED RATE AFFINITY, LLC 1 5.00% $17,550
    First State Bank 1 6.50% $10,078
    Financial Funding Solutions, Inc. 1 5.38% $8,494
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.50% $7,395
    CRESCENT MORTGAGE COMPANY 1 6.75% $8,232
    Security First Bank 1 5.63% $11,777
    The Federal Savings Bank 1 5.25% $17,435
    TruHome Solutions, LLC 1 6.63% $3,999
    Core Bank 1 5.88% $8,065
    Citizens Bank 1 6.13% $6,652
    Central National Bank 1 6.50% $5,472
    CASTLE & COOKE MORTGAGE, LLC 1 6.00% $2,916
    CALIBER HOME LOANS, INC. 1 5.75% $7,384
    BROKER SOLUTIONS, INC. 1 6.49% $9,316
    Wallick & Volk, Inc. 1 7.25% $22,683
    AMCAP MORTGAGE, LTD. 1 7.00% $11,238
    Bank of Colorado 1 6.50% $12,742

    The top Lincoln VA lender as defined by loan originations is Mortgage Research Center, LLC, with 46 VA loans originated. Their average total fees are $7,272, which is $2,027 higher than the next largest lender, Lincoln FSB of Nebraska.

    The lowest fee Lincoln VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($3,769), Prosperity Home Mortgage, LLC ($4,144), Lincoln FSB of Nebraska ($5,245), CHARTER WEST BANK ($5,903) and Mortgage Research Center, LLC ($7,272).

    The lowest rate Lincoln VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.86%), QUICKEN LOANS, LLC (6.15%), USAA Federal Savings Bank (6.18%), Lincoln FSB of Nebraska (6.26%) and Prosperity Home Mortgage, LLC (6.47%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lincoln (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 $282,250 (25.5%) $344,966 (22.0%) 1.05 643
    2018-02-01 $299,450 (19.2%) $358,952 (19.1%) 1.09 612
    2018-03-01 $319,950 (24.2%) $364,659 (18.8%) 1.12 590
    2018-04-01 $323,713 (13.6%) $379,691 (13.9%) 1.10 620
    2018-05-01 $314,961 (8.1%) $373,405 (10.9%) 1.05 673
    2018-06-01 $308,900 (9.9%) $372,102 (12.7%) 1.03 714
    2018-07-01 $299,916 (12.5%) $368,433 (15.3%) 1.00 792
    2018-08-01 $289,800 (10.5%) $358,893 (13.3%) 0.97 858
    2018-09-01 $285,500 (14.3%) $352,035 (11.5%) 0.96 875
    2018-10-01 $275,440 (10.2%) $342,336 (8.4%) 0.93 945
    2018-11-01 $271,319 (2.6%) $333,806 (2.1%) 0.92 981
    2018-12-01 $272,500 (1.2%) $332,315 (0.0%) 0.94 891
    2019-01-01 $273,697 (-3.0%) $333,553 (-3.3%) 0.95 796
    2019-02-01 $284,948 (-4.8%) $343,605 (-4.3%) 0.96 753
    2019-03-01 $292,889 (-8.5%) $335,686 (-8.0%) 0.96 729
    2019-04-01 $296,026 (-8.6%) $329,557 (-13.2%) 0.94 694
    2019-05-01 $306,625 (-2.7%) $341,747 (-8.5%) 0.96 756
    2019-06-01 $299,900 (-2.9%) $336,092 (-9.7%) 0.94 790
    2019-07-01 $299,900 (0.0%) $332,953 (-9.6%) 0.94 781
    2019-08-01 $292,941 (1.1%) $328,280 (-8.5%) 0.93 830
    2019-09-01 $285,352 (-0.1%) $321,606 (-8.6%) 0.91 894
    2019-10-01 $279,725 (1.6%) $317,533 (-7.3%) 0.90 928
    2019-11-01 $282,079 (4.0%) $317,249 (-5.0%) 0.92 854
    2019-12-01 $284,900 (4.6%) $318,270 (-4.2%) 0.95 784
    2020-01-01 $299,925 (9.6%) $330,626 (-0.9%) 1.00 681
    2020-02-01 $302,500 (6.2%) $336,803 (-2.0%) 0.99 614
    2020-03-01 $303,575 (3.7%) $338,261 (0.8%) 0.95 641
    2020-04-01 $304,850 (3.0%) $337,646 (2.5%) 0.95 701
    2020-05-01 $319,000 (4.0%) $358,506 (4.9%) 0.97 651
    2020-06-01 $325,500 (8.5%) $368,812 (9.7%) 0.96 546
    2020-07-01 $325,000 (8.4%) $373,268 (12.1%) 0.94 499
    2020-08-01 $315,000 (7.5%) $365,770 (11.4%) 0.90 474
    2020-09-01 $307,925 (7.9%) $363,745 (13.1%) 0.88 454
    2020-10-01 $299,950 (7.2%) $365,332 (15.1%) 0.86 455
    2020-11-01 $321,650 (14.0%) $380,020 (19.8%) 0.94 472
    2020-12-01 $326,663 (14.7%) $375,951 (18.1%) 0.97 454
    2021-01-01 $334,950 (11.7%) $371,268 (12.3%) 1.00 395
    2021-02-01 $350,700 (15.9%) $385,336 (14.4%) 1.02 360
    2021-03-01 $362,225 (19.3%) $389,368 (15.1%) 1.03 374
    2021-04-01 $359,900 (18.1%) $395,376 (17.1%) 0.97 368
    2021-05-01 $359,900 (12.8%) $423,128 (18.0%) 0.96 364
    2021-06-01 $336,975 (3.5%) $410,103 (11.2%) 0.89 404
    2021-07-01 $329,000 (1.2%) $397,056 (6.4%) 0.87 428
    2021-08-01 $318,500 (1.1%) $385,095 (5.3%) 0.85 430
    2021-09-01 $299,950 (-2.6%) $362,560 (-0.3%) 0.80 442
    2021-10-01 $312,265 (4.1%) $361,655 (-1.0%) 0.83 490
    2021-11-01 $328,696 (2.2%) $382,773 (0.7%) 0.88 494
    2021-12-01 $349,950 (7.1%) $398,248 (5.9%) 0.95 424
    2022-01-01 $369,925 (10.4%) $419,115 (12.9%) 1.00 379
    2022-02-01 $387,305 (10.4%) $427,567 (11.0%) 1.01 367
    2022-03-01 $369,463 (2.0%) $427,384 (9.8%) 0.92 347
    2022-04-01 $389,999 (8.4%) $439,747 (11.2%) 0.93 365
    2022-05-01 $367,588 (2.1%) $422,910 (-0.1%) 0.84 431
    2022-06-01 $365,049 (8.3%) $427,098 (4.1%) 0.81 455
    2022-07-01 $362,595 (10.2%) $421,377 (6.1%) 0.82 551
    2022-08-01 $371,825 (16.7%) $416,049 (8.0%) 0.86 559
    2022-09-01 $379,386 (26.5%) $423,347 (16.8%) 0.89 563
    2022-10-01 $383,545 (22.8%) $419,338 (16.0%) 0.90 578
    2022-11-01 $387,450 (17.9%) $422,881 (10.5%) 0.93 615
    2022-12-01 $407,450 (16.4%) $433,708 (8.9%) 1.01 583
    2023-01-01 $439,476 (18.8%) $454,926 (8.5%) 1.09 523
    2023-02-01 $441,275 (13.9%) $455,262 (6.5%) 1.06 501
    2023-03-01 $447,500 (21.1%) $469,822 (9.9%) 1.06 458
    2023-04-01 $444,900 (14.1%) $469,027 (6.7%) 1.03 497
    2023-05-01 $447,700 (21.8%) $485,892 (14.9%) 1.02 535
    2023-06-01 $445,125 (21.9%) $497,704 (16.5%) 1.00 542
    2023-07-01 $437,900 (20.8%) $486,376 (15.4%) 1.00 570
    2023-08-01 $411,200 (10.6%) $476,511 (14.5%) 0.94 620
    2023-09-01 $399,450 (5.3%) $466,112 (10.1%) 0.93 677
    2023-10-01 $396,200 (3.3%) $463,312 (10.5%) 0.93 747
    2023-11-01 $389,750 (0.6%) $453,474 (7.2%) 0.93 764
    2023-12-01 $389,900 (-4.3%) $454,855 (4.9%) 0.95 646
    2024-01-01 $389,950 (-11.3%) $459,331 (1.0%) 0.95 545
    2024-02-01 $398,575 (-9.7%) $479,859 (5.4%) 0.96 499
    2024-03-01 $403,900 (-9.7%) $480,725 (2.3%) 0.95 525
    Lincoln's median listing price for 2024-03-01 was $403,900, a difference of $-43,600 (-9.7%) versus the prior year and $5,325 versus the prior month.

    Lincoln's median listing price comes in at 95% of the national average.

    Lincoln's average listing price for 2024-03-01 was $480,725, a difference of $10,903 (2.3%) versus the prior year and $866 versus the prior month.

    For the 2024-03-01 period, Lincoln had 525 MLS listings, a difference of 26 listings (5%) versus the prior month and 67 listings (15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lincoln (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 53 days 1,604 sqft
    2018-02-01 50 days 1,626 sqft
    2018-03-01 49 days 1,647 sqft
    2018-04-01 45 days 1,655 sqft
    2018-05-01 39 days 1,651 sqft
    2018-06-01 40 days 1,661 sqft
    2018-07-01 41 days 1,636 sqft
    2018-08-01 43 days 1,600 sqft
    2018-09-01 46 days 1,596 sqft
    2018-10-01 43 days 1,588 sqft
    2018-11-01 44 days 1,570 sqft
    2018-12-01 54 days 1,551 sqft
    2019-01-01 58 days 1,550 sqft
    2019-02-01 51 days 1,566 sqft
    2019-03-01 51 days 1,788 sqft
    2019-04-01 42 days 2,204 sqft
    2019-05-01 33 days 2,371 sqft
    2019-06-01 36 days 2,396 sqft
    2019-07-01 38 days 2,361 sqft
    2019-08-01 36 days 2,308 sqft
    2019-09-01 36 days 2,268 sqft
    2019-10-01 38 days 2,241 sqft
    2019-11-01 47 days 2,243 sqft
    2019-12-01 57 days 2,242 sqft
    2020-01-01 64 days 2,322 sqft
    2020-02-01 59 days 2,340 sqft
    2020-03-01 41 days 2,412 sqft
    2020-04-01 43 days 2,384 sqft
    2020-05-01 52 days 2,411 sqft
    2020-06-01 53 days 2,447 sqft
    2020-07-01 53 days 2,396 sqft
    2020-08-01 43 days 2,274 sqft
    2020-09-01 45 days 2,226 sqft
    2020-10-01 46 days 2,170 sqft
    2020-11-01 46 days 2,143 sqft
    2020-12-01 52 days 2,084 sqft
    2021-01-01 58 days 2,110 sqft
    2021-02-01 53 days 2,182 sqft
    2021-03-01 53 days 2,263 sqft
    2021-04-01 50 days 2,179 sqft
    2021-05-01 46 days 2,171 sqft
    2021-06-01 43 days 2,183 sqft
    2021-07-01 40 days 2,123 sqft
    2021-08-01 41 days 2,082 sqft
    2021-09-01 41 days 2,039 sqft
    2021-10-01 37 days 2,106 sqft
    2021-11-01 45 days 2,121 sqft
    2021-12-01 57 days 2,151 sqft
    2022-01-01 51 days 2,213 sqft
    2022-02-01 43 days 2,227 sqft
    2022-03-01 47 days 2,191 sqft
    2022-04-01 40 days 2,239 sqft
    2022-05-01 35 days 2,227 sqft
    2022-06-01 39 days 2,249 sqft
    2022-07-01 38 days 2,228 sqft
    2022-08-01 39 days 2,265 sqft
    2022-09-01 43 days 2,301 sqft
    2022-10-01 39 days 2,316 sqft
    2022-11-01 39 days 2,336 sqft
    2022-12-01 52 days 2,375 sqft
    2023-01-01 55 days 2,417 sqft
    2023-02-01 45 days 2,446 sqft
    2023-03-01 50 days 2,502 sqft
    2023-04-01 43 days 2,495 sqft
    2023-05-01 38 days 2,516 sqft
    2023-06-01 41 days 2,539 sqft
    2023-07-01 40 days 2,507 sqft
    2023-08-01 39 days 2,436 sqft
    2023-09-01 37 days 2,410 sqft
    2023-10-01 37 days 2,371 sqft
    2023-11-01 42 days 2,314 sqft
    2023-12-01 48 days 2,340 sqft
    2024-01-01 58 days 2,349 sqft
    2024-02-01 47 days 2,372 sqft
    2024-03-01 40 days 2,416 sqft
    Lincoln's median listing age (time on market) for 2024-03-01 was 40 days. This is -19% shorter than the same period one year ago.

    Lincoln's median square footage for active listings during the 2024-03-01 period was 2,416 sqft. One year prior, the average listing was 2,502 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.