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 6.3% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.56% and one month ago for the week of 2024-10-04, the average rate was 5.68%.

    The average rate one year ago was 7.64%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.62%.

    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%).

    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.