Lincoln VA Loans

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 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%.

    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 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. Total Fees
    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 & INVESTMENT LLC 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
    Magnolia Bank 4 2.97% $7,732
    Security First Bank 4 2.41% $4,901
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.46% $3,655
    MUTUAL OF OMAHA MORTGAGE, INC. 3 2.38% $5,706
    BNC National Bank 3 2.25% $3,481
    PLAZA HOME MORTGAGE, INC. 3 2.25% $1,099
    Citizens Bank 3 2.42% $2,979
    NEWREZ LLC 3 2.46% $2,577
    North American Savings Bank, F.S.B. 3 2.42% $1,118
    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
    First Guaranty Mortgage Corporation 3 2.46% $3,652
    Core Bank 3 2.58% $7,001
    ACCELERATE MORTGAGE, LLC 3 1.92% $5,132
    CMG MORTGAGE, INC. 2 3.25% $7,189
    Texana Bank 2 2.38% $3,953
    Financial Funding Solutions, Inc. 2 2.54% $12,182
    Gateway First Bank 2 2.50% $1,194
    PLANET HOME LENDING, LLC 2 2.63% $2,403
    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
    Ixonia Bank 1 2.13% $24,117
    FIRST STATE MORTGAGE SERVICES, LLC 1 2.25% $12,773
    Manufacturers and Traders Trust Company 1 2.63% $3,121
    Midwest Community Bank 1 2.25% $0
    DAS Acquisition Company, LLC 1 2.75% $2,309
    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 $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 for 2022-04-01 was $398,000, a difference of $38,100 (10.6%) versus the prior year and $13,500 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2022-04-01 was 42 days. This is -23% shorter than the same period one year ago.

    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.

    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.