Lincoln VA Loan Rates, Closing Costs & Stats

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 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 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 6.71% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Lincoln's average VA mortgage closing costs are $4,105.

The average rate for the prior week (2022-11-25) was 6.44% and one month ago for the week of 2022-10-28, the average rate was 6.93%.

The average rate one year ago was 3.21%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.19%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Mortgage Research Center, LLC 108 2.82% $4,555
QUICKEN LOANS, LLC 75 2.49% $3,982
FREEDOM MORTGAGE CORPORATION 56 2.45% $2,338
Lincoln FSB of Nebraska 53 2.43% $4,389
CHARTER WEST BANK 42 2.49% $3,624
LIBERTY FIRST 40 2.24% $3,463
West Gate Bank 37 2.33% $2,969
USAA Federal Savings Bank 31 2.79% $2,934
Wells Fargo Bank 30 2.49% $3,661
Prosperity Home Mortgage, LLC 30 2.59% $4,326
PENNYMAC LOAN SERVICES, LLC 29 2.52% $4,824
NEW DAY FINANCIAL, LLC 26 2.90% $7,145
Pinnacle Bank 24 2.33% $3,176
GERSHMAN INVESTMENT CORP. 22 2.93% $5,615
CALIBER HOME LOANS, INC. 22 2.39% $2,928
First National Bank of Omaha 20 2.78% $3,985
LOANDEPOT.COM, LLC 15 2.50% $3,927
CLEARPATH LENDING 15 2.33% $2,932
NAVY FEDERAL CREDIT UNION 13 2.57% $3,273
First Bank 12 2.69% $7,206
Plains Commerce Bank 11 2.33% $3,364
Mr. Cooper ( Nationstar Mortgage ) 9 3.10% $3,982
The Federal Savings Bank 9 2.53% $4,979
HOME POINT FINANCIAL CORPORATION 9 2.57% $4,366
DELMAR FINANCIAL COMPANY 8 2.80% $4,358
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 2.91% $6,183
Frontier Bank 8 2.44% $3,457
MORIA DEVELOPMENT, INC. 8 3.05% $5,190
Low VA Rates, LLC 7 2.29% $2,787
VILLAGE CAPITAL MORTGAGE 7 2.36% $3,624
AMERICAN FINANCIAL NETWORK, INC. 7 2.38% $7,951
LAKEVIEW LOAN SERVICING, LLC 7 2.70% $1,882
BROKER SOLUTIONS, INC. 6 2.79% $3,398
Great Western Bank 6 2.44% $2,375
First Federal Bank 6 2.79% $2,613
PENTAGON FEDERAL CREDIT UNION 6 2.46% $5,271
UNITED WHOLESALE MORTGAGE, LLC 6 2.42% $3,453
Union Bank and Trust Company 5 2.78% $8,351
AMERISAVE MORTGAGE CORPORATION 5 3.03% $7,209
NBKC BANK 5 2.55% $2,198
Regent Financial Group, Inc. 5 2.55% $5,479
UNION HOME MORTGAGE CORP. 5 2.58% $3,521
U.S. HOME MORTGAGE, INC. 5 2.58% $3,457
Security First Bank 4 2.41% $4,901
Magnolia Bank 4 2.97% $7,732
GUILD MORTGAGE COMPANY 3 2.75% $4,582
Flagstar Bank, FSB 3 2.47% $2,754
Paramount Residential Mortgage Group, Inc. 3 2.71% $5,724
PLAZA HOME MORTGAGE, INC. 3 2.25% $1,099
Core Bank 3 2.58% $7,001
BNC National Bank 3 2.25% $3,481
First Guaranty Mortgage Corporation 3 2.46% $3,652
ACCELERATE MORTGAGE, LLC 3 1.92% $5,132
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.46% $3,655
MUTUAL OF OMAHA MORTGAGE, INC. 3 2.38% $5,706
NEWREZ LLC 3 2.46% $2,577
Citizens Bank 3 2.42% $2,979
North American Savings Bank, F.S.B. 3 2.42% $1,118
CMG MORTGAGE, INC. 2 3.25% $7,189
PLANET HOME LENDING, LLC 2 2.63% $2,403
Texana Bank 2 2.38% $3,953
Financial Funding Solutions, Inc. 2 2.54% $12,182
United Fidelity Funding Corp. 2 2.69% $2,037
AMERICAN PACIFIC MORTGAGE CORPORATION 2 3.00% $2,767
American National Bank 2 3.00% $3,347
Gateway First Bank 2 2.50% $1,194
Ixonia Bank 1 2.13% $24,117
FIRST STATE MORTGAGE SERVICES, LLC 1 2.25% $12,773
Midwest Community Bank 1 2.25% $0
DAS Acquisition Company, LLC 1 2.75% $2,309
M&T Bank 1 2.63% $3,121
CITYWIDE HOME LOANS, LLC 1 2.99% $6,381
AMERICAN FINANCING CORPORATION 1 2.50% $6,654
NOVA FINANCIAL & INVESTMENT CORPORATION 1 2.75% $1,323
Chickasaw Community Bank 1 4.25% $14,981
CENTENNIAL LENDING, LLC 1 2.50% $3,823
Carrington Mortgage Services, LLC 1 2.75% $3,000
Barrington Bank & Trust Company, N.A. 1 2.46% $2,769
AMCAP MORTGAGE, LTD. 1 2.75% $11,030
Arbor Bank 1 2.63% $1,496
Alerus Financial 1 2.88% $2,471
U.S. Bank 1 2.38% $7,302
ZILLOW HOME LOANS, LLC 1 2.75% $2,150
GUARANTEED RATE, INC. 1 2.88% $18,024
Goldwater Bank, N.A. 1 3.13% $13,056
KS StateBank 1 2.25% $1,924

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. 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 (21.8%) 1.05 643
2018-02-01 $299,450 (19.2%) $358,663 (18.9%) 1.09 612
2018-03-01 $319,900 (23.9%) $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 (8.0%) $373,404 (10.9%) 1.05 673
2018-06-01 $308,900 (9.7%) $372,102 (12.7%) 1.03 714
2018-07-01 $299,916 (11.8%) $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%) $352,771 (11.9%) 0.96 875
2018-10-01 $275,623 (10.3%) $343,154 (8.8%) 0.93 946
2018-11-01 $271,400 (2.7%) $334,621 (2.6%) 0.92 982
2018-12-01 $272,538 (1.2%) $332,574 (0.1%) 0.94 891
2019-01-01 $273,709 (-3.0%) $333,612 (-3.3%) 0.94 796
2019-02-01 $284,948 (-4.8%) $343,605 (-4.2%) 0.96 753
2019-03-01 $293,414 (-8.3%) $335,743 (-7.9%) 0.96 729
2019-04-01 $296,427 (-8.4%) $329,487 (-13.2%) 0.94 695
2019-05-01 $305,813 (-2.9%) $341,271 (-8.6%) 0.96 757
2019-06-01 $299,900 (-2.9%) $335,893 (-9.7%) 0.94 792
2019-07-01 $299,900 (0.0%) $332,756 (-9.7%) 0.94 783
2019-08-01 $292,941 (1.1%) $328,096 (-8.6%) 0.93 832
2019-09-01 $285,352 (-0.1%) $321,440 (-8.9%) 0.91 896
2019-10-01 $279,725 (1.5%) $317,378 (-7.5%) 0.90 930
2019-11-01 $282,079 (3.9%) $317,085 (-5.2%) 0.92 856
2019-12-01 $284,900 (4.5%) $318,093 (-4.4%) 0.95 786
2020-01-01 $299,925 (9.6%) $330,377 (-1.0%) 1.00 683
2020-02-01 $302,500 (6.2%) $336,541 (-2.1%) 0.99 617
2020-03-01 $303,450 (3.4%) $337,984 (0.7%) 0.95 644
2020-04-01 $304,750 (2.8%) $337,366 (2.4%) 0.95 704
2020-05-01 $319,000 (4.3%) $358,119 (4.9%) 0.97 654
2020-06-01 $325,250 (8.5%) $368,336 (9.7%) 0.96 549
2020-07-01 $324,975 (8.4%) $372,739 (12.0%) 0.94 502
2020-08-01 $315,000 (7.5%) $365,248 (11.3%) 0.90 477
2020-09-01 $307,688 (7.8%) $363,221 (13.0%) 0.88 457
2020-10-01 $299,950 (7.2%) $364,811 (15.0%) 0.86 458
2020-11-01 $321,275 (13.9%) $379,394 (19.7%) 0.94 475
2020-12-01 $325,900 (14.4%) $375,301 (18.0%) 0.97 457
2021-01-01 $332,475 (10.9%) $370,595 (12.2%) 0.99 398
2021-02-01 $349,515 (15.5%) $384,482 (14.3%) 1.02 363
2021-03-01 $360,798 (18.9%) $388,655 (15.0%) 1.02 377
2021-04-01 $357,450 (17.3%) $394,774 (17.0%) 0.97 370
2021-05-01 $359,900 (12.8%) $422,426 (18.0%) 0.95 366
2021-06-01 $336,975 (3.6%) $409,503 (11.2%) 0.89 406
2021-07-01 $329,000 (1.2%) $396,556 (6.4%) 0.87 430
2021-08-01 $318,500 (1.1%) $384,633 (5.3%) 0.85 432
2021-09-01 $299,950 (-2.5%) $362,342 (-0.2%) 0.80 444
2021-10-01 $312,265 (4.1%) $361,314 (-1.0%) 0.83 492
2021-11-01 $328,696 (2.3%) $382,335 (0.8%) 0.88 496
2021-12-01 $349,950 (7.4%) $397,719 (6.0%) 0.95 426
2022-01-01 $367,450 (10.5%) $418,381 (12.9%) 0.99 381
2022-02-01 $382,950 (9.6%) $426,343 (10.9%) 1.00 369
2022-03-01 $367,499 (1.9%) $426,402 (9.7%) 0.92 349
2022-04-01 $389,925 (9.1%) $438,552 (11.1%) 0.93 368
2022-05-01 $365,098 (1.4%) $421,945 (-0.1%) 0.83 434
2022-06-01 $365,000 (8.3%) $426,276 (4.1%) 0.81 458
2022-07-01 $360,072 (9.4%) $420,662 (6.1%) 0.81 554
2022-08-01 $369,950 (16.2%) $415,354 (8.0%) 0.85 562
2022-09-01 $377,500 (25.9%) $422,679 (16.7%) 0.88 566
2022-10-01 $381,000 (22.0%) $418,696 (15.9%) 0.90 581
2022-11-01 $387,413 (17.9%) $422,198 (10.4%) 0.93 618
Lincoln's median listing price for 2022-11-01 was $387,413, a difference of $58,717 (17.9%) versus the prior year and $6,413 versus the prior month.

Lincoln's median listing price comes in at 93% of the national average.

Lincoln's average listing price for 2022-11-01 was $422,198, a difference of $39,863 (10.4%) versus the prior year and $3,502 versus the prior month.

For the 2022-11-01 period, Lincoln had 618 MLS listings, a difference of 37 listings (6%) versus the prior month and 122 listings (25%) 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 54 days 1,604 sqft
2018-02-01 54 days 1,625 sqft
2018-03-01 51 days 1,644 sqft
2018-04-01 47 days 1,655 sqft
2018-05-01 41 days 1,651 sqft
2018-06-01 42 days 1,662 sqft
2018-07-01 43 days 1,636 sqft
2018-08-01 44 days 1,603 sqft
2018-09-01 47 days 1,597 sqft
2018-10-01 44 days 1,591 sqft
2018-11-01 44 days 1,570 sqft
2018-12-01 57 days 1,551 sqft
2019-01-01 59 days 1,549 sqft
2019-02-01 53 days 1,566 sqft
2019-03-01 52 days 1,791 sqft
2019-04-01 42 days 2,208 sqft
2019-05-01 33 days 2,370 sqft
2019-06-01 36 days 2,399 sqft
2019-07-01 39 days 2,361 sqft
2019-08-01 37 days 2,308 sqft
2019-09-01 38 days 2,268 sqft
2019-10-01 39 days 2,241 sqft
2019-11-01 50 days 2,243 sqft
2019-12-01 59 days 2,242 sqft
2020-01-01 66 days 2,324 sqft
2020-02-01 61 days 2,340 sqft
2020-03-01 44 days 2,410 sqft
2020-04-01 44 days 2,386 sqft
2020-05-01 52 days 2,406 sqft
2020-06-01 54 days 2,447 sqft
2020-07-01 56 days 2,395 sqft
2020-08-01 45 days 2,274 sqft
2020-09-01 47 days 2,227 sqft
2020-10-01 47 days 2,172 sqft
2020-11-01 51 days 2,144 sqft
2020-12-01 54 days 2,085 sqft
2021-01-01 61 days 2,112 sqft
2021-02-01 58 days 2,184 sqft
2021-03-01 58 days 2,270 sqft
2021-04-01 56 days 2,188 sqft
2021-05-01 51 days 2,172 sqft
2021-06-01 45 days 2,186 sqft
2021-07-01 42 days 2,123 sqft
2021-08-01 43 days 2,085 sqft
2021-09-01 42 days 2,044 sqft
2021-10-01 38 days 2,119 sqft
2021-11-01 46 days 2,122 sqft
2021-12-01 58 days 2,162 sqft
2022-01-01 56 days 2,213 sqft
2022-02-01 44 days 2,232 sqft
2022-03-01 48 days 2,202 sqft
2022-04-01 44 days 2,245 sqft
2022-05-01 37 days 2,230 sqft
2022-06-01 39 days 2,252 sqft
2022-07-01 39 days 2,229 sqft
2022-08-01 40 days 2,265 sqft
2022-09-01 44 days 2,302 sqft
2022-10-01 40 days 2,316 sqft
2022-11-01 40 days 2,336 sqft
Lincoln's median listing age (time on market) for 2022-11-01 was 40 days. This is -13% shorter than the same period one year ago.

Lincoln's median square footage for active listings during the 2022-11-01 period was 2,336 sqft. One year prior, the average listing was 2,122 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.