London VA Loan Rates, Closing Costs & Stats
London, KY
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.
London's 30 lenders originated 116 VA loans during 2023. The total origination value was $29,080,000, with an average VA loan value of $250,690.
London VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in London
averaged
0.28%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
London's average VA mortgage closing costs are $4,585.
The average rate for the prior week (2024-11-22) was
6.45% and
one month ago for the week of 2024-10-25, the
average rate was 6.35%.
The average rate one year ago was 7.29%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0%.
London 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 London level.
The top London VA lender as defined by loan originations is Mortgage Research Center, LLC, with
39 VA loans originated. Their average total fees are
$4,165, which is $2,086
lower than the next largest lender,
ARK-LA-TEX FINANCIAL SERVICES, LLC..
The lowest fee London VA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC ($4,148), Mortgage Research Center, LLC ($4,165), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($6,250), .
The lowest rate London VA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.54%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (6.68%), Mortgage Research Center, LLC (6.79%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - London (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 | $148,950 (6.5%) | $186,648 (-0.9%) | 0.00 | 363 |
2018-02-01 | $146,475 (4.7%) | $189,005 (0.1%) | 0.00 | 358 |
2018-03-01 | $154,900 (8.6%) | $195,891 (1.1%) | 0.00 | 350 |
2018-04-01 | $159,000 (10.3%) | $197,336 (-1.6%) | 0.00 | 348 |
2018-05-01 | $159,250 (6.3%) | $204,221 (1.4%) | 0.00 | 359 |
2018-06-01 | $159,900 (6.6%) | $206,199 (-1.3%) | 0.00 | 377 |
2018-07-01 | $159,925 (4.5%) | $206,451 (1.1%) | 0.00 | 382 |
2018-08-01 | $162,450 (8.4%) | $205,031 (4.2%) | 0.00 | 373 |
2018-09-01 | $159,900 (6.7%) | $200,526 (1.0%) | 0.00 | 375 |
2018-10-01 | $159,900 (6.6%) | $198,519 (1.7%) | 0.00 | 382 |
2018-11-01 | $159,900 (6.6%) | $194,745 (0.5%) | 0.00 | 381 |
2018-12-01 | $159,900 (6.7%) | $191,435 (-0.8%) | 0.00 | 341 |
2019-01-01 | $161,975 (8.7%) | $192,305 (3.0%) | 0.00 | 314 |
2019-02-01 | $164,925 (12.6%) | $195,312 (3.3%) | 0.00 | 319 |
2019-03-01 | $168,214 (8.6%) | $199,804 (2.0%) | 0.00 | 312 |
2019-04-01 | $168,464 (6.0%) | $201,271 (2.0%) | 0.00 | 307 |
2019-05-01 | $169,950 (6.7%) | $203,727 (-0.2%) | 0.00 | 306 |
2019-06-01 | $169,900 (6.3%) | $207,714 (0.7%) | 0.00 | 327 |
2019-07-01 | $169,450 (6.0%) | $203,017 (-1.7%) | 0.00 | 344 |
2019-08-01 | $169,900 (4.6%) | $202,133 (-1.4%) | 0.00 | 336 |
2019-09-01 | $169,900 (6.3%) | $199,216 (-0.7%) | 0.00 | 339 |
2019-10-01 | $169,900 (6.3%) | $198,019 (-0.3%) | 0.00 | 339 |
2019-11-01 | $169,900 (6.3%) | $201,897 (3.7%) | 0.00 | 327 |
2019-12-01 | $169,900 (6.3%) | $200,420 (4.7%) | 0.00 | 312 |
2020-01-01 | $166,600 (2.9%) | $200,222 (4.1%) | 0.00 | 283 |
2020-02-01 | $169,000 (2.5%) | $208,508 (6.8%) | 0.00 | 261 |
2020-03-01 | $170,900 (1.6%) | $211,566 (5.9%) | 0.00 | 227 |
2020-04-01 | $172,400 (2.3%) | $210,376 (4.5%) | 0.00 | 217 |
2020-05-01 | $189,900 (11.7%) | $225,155 (10.5%) | 0.00 | 193 |
2020-06-01 | $199,450 (17.4%) | $231,790 (11.6%) | 0.00 | 182 |
2020-07-01 | $202,475 (19.5%) | $237,344 (16.9%) | 0.00 | 173 |
2020-08-01 | $200,000 (17.7%) | $237,585 (17.5%) | 0.00 | 175 |
2020-09-01 | $199,900 (17.7%) | $238,228 (19.6%) | 0.00 | 178 |
2020-10-01 | $189,900 (11.8%) | $227,376 (14.8%) | 0.00 | 171 |
2020-11-01 | $189,900 (11.8%) | $225,011 (11.5%) | 0.00 | 154 |
2020-12-01 | $186,825 (10.0%) | $223,679 (11.6%) | 0.00 | 143 |
2021-01-01 | $179,500 (7.7%) | $219,988 (9.9%) | 0.00 | 123 |
2021-02-01 | $181,825 (7.6%) | $221,433 (6.2%) | 0.00 | 102 |
2021-03-01 | $184,000 (7.7%) | $221,169 (4.5%) | 0.00 | 103 |
2021-04-01 | $187,325 (8.7%) | $243,392 (15.7%) | 0.00 | 92 |
2021-05-01 | $199,000 (4.8%) | $245,392 (9.0%) | 0.00 | 104 |
2021-06-01 | $209,900 (5.2%) | $262,573 (13.3%) | 0.00 | 130 |
2021-07-01 | $209,000 (3.2%) | $264,802 (11.6%) | 0.00 | 145 |
2021-08-01 | $214,950 (7.5%) | $267,264 (12.5%) | 0.00 | 161 |
2021-09-01 | $224,675 (12.4%) | $273,409 (14.8%) | 0.00 | 169 |
2021-10-01 | $229,450 (20.8%) | $287,946 (26.6%) | 0.00 | 164 |
2021-11-01 | $237,500 (25.1%) | $298,392 (32.6%) | 0.00 | 155 |
2021-12-01 | $227,000 (21.5%) | $277,516 (24.1%) | 0.00 | 137 |
2022-01-01 | $225,000 (25.4%) | $269,191 (22.4%) | 0.00 | 122 |
2022-02-01 | $217,000 (19.4%) | $260,859 (17.8%) | 0.00 | 115 |
2022-03-01 | $225,875 (22.8%) | $257,331 (16.4%) | 0.00 | 103 |
2022-04-01 | $234,900 (25.4%) | $274,760 (12.9%) | 0.00 | 127 |
2022-05-01 | $237,475 (19.3%) | $289,352 (17.9%) | 0.00 | 187 |
2022-06-01 | $249,450 (18.8%) | $285,418 (8.7%) | 0.00 | 205 |
2022-07-01 | $259,000 (23.9%) | $284,865 (7.6%) | 0.00 | 235 |
2022-08-01 | $249,950 (16.3%) | $284,922 (6.6%) | 0.00 | 250 |
2022-09-01 | $250,975 (11.7%) | $288,277 (5.4%) | 0.00 | 238 |
2022-10-01 | $249,450 (8.7%) | $283,806 (-1.4%) | 0.00 | 248 |
2022-11-01 | $249,900 (5.2%) | $277,634 (-7.0%) | 0.00 | 248 |
2022-12-01 | $239,900 (5.7%) | $270,666 (-2.5%) | 0.00 | 220 |
2023-01-01 | $245,000 (8.9%) | $285,498 (6.1%) | 0.00 | 203 |
2023-02-01 | $246,225 (13.5%) | $295,729 (13.4%) | 0.00 | 192 |
2023-03-01 | $242,450 (7.3%) | $298,623 (16.1%) | 0.00 | 195 |
2023-04-01 | $240,000 (2.2%) | $302,997 (10.3%) | 0.00 | 198 |
2023-05-01 | $238,225 (0.3%) | $302,398 (4.5%) | 0.00 | 204 |
2023-06-01 | $247,750 (-0.7%) | $310,325 (8.7%) | 0.00 | 205 |
2023-07-01 | $240,000 (-7.3%) | $310,642 (9.1%) | 0.00 | 213 |
2023-08-01 | $249,900 (0.0%) | $318,542 (11.8%) | 0.00 | 223 |
2023-09-01 | $239,900 (-4.4%) | $302,072 (4.8%) | 0.00 | 227 |
2023-10-01 | $243,650 (-2.3%) | $299,898 (5.7%) | 0.00 | 227 |
2023-11-01 | $249,925 (0.0%) | $304,908 (9.8%) | 0.00 | 229 |
2023-12-01 | $249,000 (3.8%) | $307,459 (13.6%) | 0.00 | 233 |
2024-01-01 | $239,900 (-2.1%) | $288,359 (1.0%) | 0.00 | 228 |
2024-02-01 | $246,750 (0.2%) | $290,063 (-1.9%) | 0.00 | 226 |
2024-03-01 | $244,900 (1.0%) | $293,623 (-1.7%) | 0.00 | 247 |
2024-04-01 | $239,950 (0.0%) | $302,525 (-0.2%) | 0.00 | 239 |
2024-05-01 | $244,925 (2.8%) | $320,749 (6.1%) | 0.00 | 224 |
2024-06-01 | $249,950 (0.9%) | $312,156 (0.6%) | 0.00 | 234 |
2024-07-01 | $253,725 (5.7%) | $307,561 (-1.0%) | 0.00 | 258 |
2024-08-01 | $250,000 (0.0%) | $294,143 (-7.7%) | 0.00 | 261 |
2024-09-01 | $250,000 (4.2%) | $292,867 (-3.1%) | 0.00 | 274 |
2024-10-01 | $251,000 (3.0%) | $304,069 (1.4%) | 0.00 | 277 |
London's median listing price comes in at 0% of the national average.
London's average listing price for 2024-10-01 was $304,069, a difference of $4,171 (1.4%) versus the prior year and $11,202 versus the prior month.
For the 2024-10-01 period, London had 277 MLS listings, a difference of 3 listings (1%) versus the prior month and 50 listings (22%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - London (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,785 sqft |
2018-02-01 | 0 days | 1,743 sqft |
2018-03-01 | 0 days | 1,794 sqft |
2018-04-01 | 0 days | 1,799 sqft |
2018-05-01 | 0 days | 1,800 sqft |
2018-06-01 | 0 days | 1,800 sqft |
2018-07-01 | 0 days | 1,879 sqft |
2018-08-01 | 0 days | 1,926 sqft |
2018-09-01 | 0 days | 1,900 sqft |
2018-10-01 | 0 days | 1,855 sqft |
2018-11-01 | 0 days | 1,850 sqft |
2018-12-01 | 0 days | 1,823 sqft |
2019-01-01 | 0 days | 1,845 sqft |
2019-02-01 | 0 days | 1,866 sqft |
2019-03-01 | 0 days | 1,844 sqft |
2019-04-01 | 0 days | 1,858 sqft |
2019-05-01 | 0 days | 1,898 sqft |
2019-06-01 | 0 days | 1,900 sqft |
2019-07-01 | 0 days | 1,838 sqft |
2019-08-01 | 0 days | 1,858 sqft |
2019-09-01 | 0 days | 1,843 sqft |
2019-10-01 | 0 days | 1,861 sqft |
2019-11-01 | 0 days | 1,849 sqft |
2019-12-01 | 0 days | 1,900 sqft |
2020-01-01 | 0 days | 1,847 sqft |
2020-02-01 | 0 days | 1,800 sqft |
2020-03-01 | 0 days | 1,871 sqft |
2020-04-01 | 0 days | 1,790 sqft |
2020-05-01 | 0 days | 1,882 sqft |
2020-06-01 | 0 days | 1,962 sqft |
2020-07-01 | 0 days | 2,037 sqft |
2020-08-01 | 0 days | 2,064 sqft |
2020-09-01 | 0 days | 2,058 sqft |
2020-10-01 | 0 days | 1,914 sqft |
2020-11-01 | 0 days | 1,941 sqft |
2020-12-01 | 0 days | 1,849 sqft |
2021-01-01 | 0 days | 1,849 sqft |
2021-02-01 | 0 days | 1,817 sqft |
2021-03-01 | 0 days | 1,752 sqft |
2021-04-01 | 0 days | 1,811 sqft |
2021-05-01 | 0 days | 1,754 sqft |
2021-06-01 | 0 days | 1,834 sqft |
2021-07-01 | 0 days | 1,890 sqft |
2021-08-01 | 0 days | 1,930 sqft |
2021-09-01 | 0 days | 1,910 sqft |
2021-10-01 | 0 days | 1,947 sqft |
2021-11-01 | 0 days | 1,945 sqft |
2021-12-01 | 0 days | 1,769 sqft |
2022-01-01 | 0 days | 1,695 sqft |
2022-02-01 | 0 days | 1,685 sqft |
2022-03-01 | 0 days | 1,685 sqft |
2022-04-01 | 0 days | 1,728 sqft |
2022-05-01 | 0 days | 1,755 sqft |
2022-06-01 | 0 days | 1,795 sqft |
2022-07-01 | 0 days | 1,814 sqft |
2022-08-01 | 0 days | 1,844 sqft |
2022-09-01 | 0 days | 1,880 sqft |
2022-10-01 | 0 days | 1,890 sqft |
2022-11-01 | 0 days | 1,816 sqft |
2022-12-01 | 0 days | 1,750 sqft |
2023-01-01 | 0 days | 1,744 sqft |
2023-02-01 | 0 days | 1,700 sqft |
2023-03-01 | 0 days | 1,728 sqft |
2023-04-01 | 0 days | 1,789 sqft |
2023-05-01 | 0 days | 1,763 sqft |
2023-06-01 | 0 days | 1,803 sqft |
2023-07-01 | 0 days | 1,792 sqft |
2023-08-01 | 0 days | 1,783 sqft |
2023-09-01 | 0 days | 1,748 sqft |
2023-10-01 | 0 days | 1,767 sqft |
2023-11-01 | 0 days | 1,801 sqft |
2023-12-01 | 0 days | 1,850 sqft |
2024-01-01 | 0 days | 1,781 sqft |
2024-02-01 | 0 days | 1,738 sqft |
2024-03-01 | 0 days | 1,710 sqft |
2024-04-01 | 0 days | 1,689 sqft |
2024-05-01 | 0 days | 1,721 sqft |
2024-06-01 | 0 days | 1,738 sqft |
2024-07-01 | 0 days | 1,746 sqft |
2024-08-01 | 0 days | 1,789 sqft |
2024-09-01 | 0 days | 1,756 sqft |
2024-10-01 | 0 days | 1,775 sqft |
London's median square footage for active listings during the 2024-10-01 period was 1,775 sqft. One year prior, the average listing was 1,767 sqft.