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%.

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.