Lincoln VA Loans
LINCOLN, NE
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.
Lincoln's 86 lenders originated 1,093 VA loans during 2021. The total origination value was $267,745,000, with an average VA loan value of $244,963.
Lincoln VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Lincoln
averaged
5.27%
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
5.2% and
one month ago for the week of 2022-04-08, the
average rate was 4.83%.
The average rate one year ago was 2.94%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.46%.
Lincoln 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 Lincoln level.
The top Lincoln VA lender as defined by loan originations is Mortgage Research Center, LLC, with
108 VA loans originated. Their average total fees are
$4,555, which is $573
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Lincoln VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($2,338), CALIBER HOME LOANS, INC. ($2,928), CLEARPATH LENDING ($2,932), USAA Federal Savings Bank ($2,934) and West Gate Bank ($2,969).
The lowest rate Lincoln VA lenders (with over 10 loans originated) are
LIBERTY FIRST (2.24%), Pinnacle Bank (2.33%), Plains Commerce Bank (2.33%), CLEARPATH LENDING (2.33%) and West Gate Bank (2.33%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Lincoln (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 | $281,225 (23.4%) | $343,745 (21.4%) | 1.04 | 653 |
2018-02-01 | $299,700 (19.3%) | $357,059 (19.6%) | 1.08 | 619 |
2018-03-01 | $319,950 (23.3%) | $365,788 (19.8%) | 1.11 | 596 |
2018-04-01 | $324,225 (13.8%) | $374,399 (12.3%) | 1.09 | 624 |
2018-05-01 | $315,450 (7.3%) | $369,702 (9.9%) | 1.05 | 677 |
2018-06-01 | $304,900 (8.4%) | $367,812 (11.3%) | 1.02 | 717 |
2018-07-01 | $299,900 (11.1%) | $365,026 (13.7%) | 1.00 | 803 |
2018-08-01 | $289,900 (10.4%) | $356,126 (12.2%) | 0.97 | 866 |
2018-09-01 | $285,000 (14.0%) | $350,436 (11.0%) | 0.95 | 882 |
2018-10-01 | $275,000 (9.0%) | $338,723 (7.5%) | 0.92 | 951 |
2018-11-01 | $268,045 (2.5%) | $329,836 (1.5%) | 0.90 | 997 |
2018-12-01 | $270,000 (-1.8%) | $329,161 (-0.8%) | 0.92 | 901 |
2019-01-01 | $272,450 (-3.1%) | $332,048 (-3.4%) | 0.94 | 808 |
2019-02-01 | $286,325 (-4.5%) | $342,460 (-4.1%) | 0.96 | 761 |
2019-03-01 | $299,721 (-6.3%) | $341,423 (-6.7%) | 0.98 | 1,092 |
2019-04-01 | $304,340 (-6.1%) | $340,108 (-9.2%) | 0.96 | 689 |
2019-05-01 | $312,448 (-1.0%) | $351,361 (-5.0%) | 0.96 | 846 |
2019-06-01 | $299,900 (-1.6%) | $334,850 (-9.0%) | 0.92 | 800 |
2019-07-01 | $299,900 (0.0%) | $332,796 (-8.8%) | 0.93 | 781 |
2019-08-01 | $288,424 (-0.5%) | $324,635 (-8.8%) | 0.91 | 838 |
2019-09-01 | $278,419 (-2.3%) | $316,747 (-9.6%) | 0.88 | 912 |
2019-10-01 | $279,425 (1.6%) | $316,418 (-6.6%) | 0.89 | 925 |
2019-11-01 | $280,000 (4.5%) | $316,621 (-4.0%) | 0.90 | 858 |
2019-12-01 | $284,950 (5.5%) | $317,743 (-3.5%) | 0.95 | 786 |
2020-01-01 | $298,500 (9.6%) | $330,547 (-0.5%) | 1.00 | 679 |
2020-02-01 | $304,900 (6.5%) | $338,461 (-1.2%) | 0.98 | 607 |
2020-03-01 | $302,900 (1.1%) | $337,120 (-1.3%) | 0.95 | 637 |
2020-04-01 | $306,567 (0.7%) | $336,716 (-1.0%) | 0.96 | 699 |
2020-05-01 | $319,000 (2.1%) | $357,987 (1.9%) | 0.97 | 668 |
2020-06-01 | $327,000 (9.0%) | $368,927 (10.2%) | 0.95 | 543 |
2020-07-01 | $329,450 (9.9%) | $375,887 (13.0%) | 0.94 | 505 |
2020-08-01 | $315,000 (9.2%) | $365,246 (12.5%) | 0.90 | 476 |
2020-09-01 | $310,668 (11.6%) | $366,613 (15.7%) | 0.89 | 460 |
2020-10-01 | $299,999 (7.4%) | $366,796 (15.9%) | 0.86 | 452 |
2020-11-01 | $328,900 (17.5%) | $382,059 (20.7%) | 0.94 | 470 |
2020-12-01 | $334,268 (17.3%) | $376,519 (18.5%) | 0.98 | 450 |
2021-01-01 | $334,950 (12.2%) | $370,437 (12.1%) | 0.99 | 394 |
2021-02-01 | $352,450 (15.6%) | $384,646 (13.7%) | 1.01 | 360 |
2021-03-01 | $362,998 (19.8%) | $389,295 (15.5%) | 1.02 | 373 |
2021-04-01 | $359,900 (17.4%) | $395,725 (17.5%) | 0.97 | 367 |
2021-05-01 | $359,900 (12.8%) | $428,547 (19.7%) | 0.95 | 370 |
2021-06-01 | $343,450 (5.0%) | $415,401 (12.6%) | 0.89 | 399 |
2021-07-01 | $331,000 (0.5%) | $399,972 (6.4%) | 0.86 | 419 |
2021-08-01 | $319,950 (1.6%) | $386,727 (5.9%) | 0.84 | 422 |
2021-09-01 | $300,000 (-3.4%) | $365,318 (-0.4%) | 0.79 | 437 |
2021-10-01 | $315,000 (5.0%) | $362,432 (-1.2%) | 0.83 | 489 |
2021-11-01 | $329,900 (0.3%) | $384,071 (0.5%) | 0.87 | 496 |
2021-12-01 | $350,000 (4.7%) | $398,115 (5.7%) | 0.93 | 426 |
2022-01-01 | $380,285 (13.5%) | $420,913 (13.6%) | 1.01 | 385 |
2022-02-01 | $394,273 (11.9%) | $430,367 (11.9%) | 1.00 | 369 |
2022-03-01 | $384,500 (5.9%) | $431,982 (11.0%) | 0.95 | 346 |
2022-04-01 | $398,000 (10.6%) | $445,198 (12.5%) | 0.94 | 372 |
Lincoln's median listing price comes in at 94% of the national average.
Lincoln's average listing price for 2022-04-01 was $445,198, a difference of $49,473 (12.5%) versus the prior year and $13,216 versus the prior month.
For the 2022-04-01 period, Lincoln had 372 MLS listings, a difference of 26 listings (8%) versus the prior month and 5 listings (1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Lincoln (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 54 days | 1,602 sqft |
2018-02-01 | 54 days | 1,624 sqft |
2018-03-01 | 51 days | 1,650 sqft |
2018-04-01 | 47 days | 1,661 sqft |
2018-05-01 | 40 days | 1,653 sqft |
2018-06-01 | 43 days | 1,660 sqft |
2018-07-01 | 43 days | 1,636 sqft |
2018-08-01 | 44 days | 1,596 sqft |
2018-09-01 | 47 days | 1,597 sqft |
2018-10-01 | 45 days | 1,581 sqft |
2018-11-01 | 44 days | 1,568 sqft |
2018-12-01 | 57 days | 1,551 sqft |
2019-01-01 | 59 days | 1,556 sqft |
2019-02-01 | 52 days | 1,567 sqft |
2019-03-01 | 57 days | 1,716 sqft |
2019-04-01 | 13 days | 2,110 sqft |
2019-05-01 | 31 days | 2,404 sqft |
2019-06-01 | 37 days | 2,392 sqft |
2019-07-01 | 36 days | 2,374 sqft |
2019-08-01 | 36 days | 2,296 sqft |
2019-09-01 | 37 days | 2,262 sqft |
2019-10-01 | 38 days | 2,231 sqft |
2019-11-01 | 46 days | 2,248 sqft |
2019-12-01 | 55 days | 2,248 sqft |
2020-01-01 | 63 days | 2,303 sqft |
2020-02-01 | 60 days | 2,384 sqft |
2020-03-01 | 42 days | 2,412 sqft |
2020-04-01 | 41 days | 2,392 sqft |
2020-05-01 | 50 days | 2,446 sqft |
2020-06-01 | 51 days | 2,446 sqft |
2020-07-01 | 48 days | 2,425 sqft |
2020-08-01 | 43 days | 2,290 sqft |
2020-09-01 | 46 days | 2,255 sqft |
2020-10-01 | 45 days | 2,195 sqft |
2020-11-01 | 45 days | 2,230 sqft |
2020-12-01 | 51 days | 2,119 sqft |
2021-01-01 | 59 days | 2,130 sqft |
2021-02-01 | 56 days | 2,198 sqft |
2021-03-01 | 56 days | 2,322 sqft |
2021-04-01 | 55 days | 2,213 sqft |
2021-05-01 | 51 days | 2,213 sqft |
2021-06-01 | 44 days | 2,192 sqft |
2021-07-01 | 42 days | 2,141 sqft |
2021-08-01 | 40 days | 2,109 sqft |
2021-09-01 | 40 days | 2,055 sqft |
2021-10-01 | 36 days | 2,123 sqft |
2021-11-01 | 42 days | 2,123 sqft |
2021-12-01 | 51 days | 2,166 sqft |
2022-01-01 | 57 days | 2,246 sqft |
2022-02-01 | 44 days | 2,243 sqft |
2022-03-01 | 48 days | 2,213 sqft |
2022-04-01 | 42 days | 2,260 sqft |
Lincoln's median square footage for active listings during the 2022-04-01 period was 2,260 sqft. One year prior, the average listing was 2,213 sqft.