Louisville VA Loan Rates, Closing Costs & Stats

LOUISVILLE, KY

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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.

    Louisville's 143 lenders originated 2,009 VA loans during 2022. The total origination value was $583,305,000, with an average VA loan value of $290,346.

    Louisville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Louisville averaged 0.04% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Louisville's average VA mortgage closing costs are $5,195.

    The average rate for the prior week (2023-11-17) was 7.09% and one month ago for the week of 2023-10-20, the average rate was 7.22%.

    The average rate one year ago was 6.33%.

    For refis of the same type during the week of 2023-11-24, the average rate was -0.82%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Louisville 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 Louisville level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 244 5.20% $7,085
    UNITED WHOLESALE MORTGAGE, LLC 196 4.51% $8,010
    QUICKEN LOANS, LLC 143 4.22% $9,493
    FREEDOM MORTGAGE CORPORATION 125 4.38% $7,501
    USAA Federal Savings Bank 81 4.32% $7,889
    NAVY FEDERAL CREDIT UNION 73 4.04% $5,571
    NEW DAY FINANCIAL, LLC 58 5.01% $9,692
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 48 5.05% $7,968
    HOME POINT FINANCIAL CORPORATION 47 4.32% $7,696
    Northpointe Bank 45 4.76% $7,994
    PENNYMAC LOAN SERVICES, LLC 38 3.41% $8,666
    CMG MORTGAGE, INC. 34 4.38% $7,749
    LOANDEPOT.COM, LLC 34 3.96% $6,503
    STOCKTON MORTGAGE CORPORATION 33 4.81% $10,124
    AMERISAVE MORTGAGE CORPORATION 27 4.00% $10,847
    VICTORY MORTGAGE, L.L.C. 27 4.77% $7,732
    INTERLINC MORTGAGE SERVICES, LLC 25 4.86% $9,919
    The Federal Savings Bank 22 4.77% $13,702
    Mr. Cooper ( Nationstar Mortgage ) 22 4.90% $9,196
    RUOFF MORTGAGE COMPANY, INC. 21 5.30% $6,616
    Magnolia Bank 21 4.69% $8,130
    Century Mortgage Company DBA Century Lending Company 20 4.71% $6,404
    CROSSCOUNTRY MORTGAGE, LLC 20 4.80% $8,595
    PULTE MORTGAGE LLC 17 4.21% $5,365
    Prosperity Home Mortgage, LLC 15 4.56% $9,679
    AMERICAN MORTGAGE SERVICE COMPANY 14 4.43% $6,925
    Republic Bank & Trust Company 14 4.27% $5,909
    Paramount Residential Mortgage Group, Inc. 13 5.13% $7,115
    THE MORTGAGE WAREHOUSE,LLC 12 4.99% $6,933
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 12 4.93% $7,597
    MUTUAL OF OMAHA MORTGAGE, INC. 11 4.76% $7,803
    FBC MORTGAGE, LLC 11 4.32% $6,176
    Fifth Third Bank 10 4.48% $4,223
    PNC Bank 10 4.29% $6,186
    NBKC BANK 9 4.47% $5,704
    DHI MORTGAGE COMPANY, LTD. 9 3.75% $8,071
    THRIVE MORTGAGE, LLC 9 5.10% $5,297
    CALIBER HOME LOANS, INC. 9 4.12% $6,231
    ENVOY MORTGAGE, LTD 8 5.23% $10,105
    Stock Yards Bank & Trust Company 8 4.67% $5,609
    PENTAGON FEDERAL CREDIT UNION 8 3.16% $3,380
    BAY EQUITY LLC 8 4.06% $7,222
    Wells Fargo Bank 8 4.28% $8,392
    CARDINAL FINANCIAL 8 5.34% $11,532
    Barrington Bank & Trust Company, N.A. 8 3.76% $6,006
    Flagstar Bank, FSB 8 4.75% $5,972
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 4.18% $10,264
    LAKEVIEW LOAN SERVICING, LLC 7 3.20% $6,613
    VILLAGE CAPITAL MORTGAGE 7 3.34% $6,647
    PLANET HOME LENDING, LLC 7 4.80% $8,985
    NEWREZ LLC 6 4.17% $7,590
    DRAPER AND KRAMER MORTGAGE CORP. 6 4.35% $6,351
    GUARANTY HOME MORTGAGE CORPORATION 6 4.44% $10,492
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 6.54% $7,024
    MOVEMENT MORTGAGE, LLC 6 4.25% $4,384
    UNION HOME MORTGAGE CORP. 6 4.50% $12,413
    SOUTH CENTRAL BANK, INC. 5 4.73% $4,789
    First Financial Bank 5 5.50% $5,185
    SOUTHWEST FUNDING, LP 5 5.70% $15,503
    Equity Prime Mortgage LLC 5 5.23% $5,844
    JPMorgan Chase Bank 5 5.77% $8,840
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 5.12% $12,041
    First Savings Bank 4 4.97% $8,776
    Carrington Mortgage Services, LLC 4 4.34% $6,164
    CHURCHILL MORTGAGE CORPORATION 4 4.69% $7,881
    CLEARPATH LENDING 4 4.22% $12,160
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 4.66% $6,924
    DAS Acquisition Company, LLC 4 5.63% $4,708
    EVANSVILLE TEACHERS 4 5.03% $6,781
    North American Savings Bank, F.S.B. 4 4.50% $4,246
    AMERIFIRST FINANCIAL CORPORATION 4 4.53% $13,156
    First Federal Bank 4 6.19% $7,408
    Truist 4 3.74% $4,571
    BROKER SOLUTIONS, INC. 4 5.81% $10,388
    INSPIRE HOME LOANS INC. 3 5.17% $6,069
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 3.71% $8,184
    Mid-Continent Funding, Inc. 3 5.13% $5,539
    Nations Lending Corporation 3 5.17% $10,873
    EMM LOANS LLC 3 5.13% $14,906
    Citizens Bank 3 4.42% $7,537
    Amerifirst Financial, Inc. 3 4.42% $5,309
    GUARANTEED RATE, INC. 3 4.16% $7,838
    GENEVA FINANCIAL, LLC 2 4.31% $4,435
    BNC National Bank 2 4.94% $15,686
    WesBanco 2 5.31% $2,768
    Texana Bank 2 4.88% $7,794
    The Central Trust Bank 2 3.81% $13,522
    Regions Bank 2 5.19% $7,300
    The Huntington National Bank 2 3.94% $1,896
    RELIANCE FIRST CAPITAL, LLC 2 5.50% $7,359
    Armed Forces Bank 2 2.75% $1,761
    PLAZA HOME MORTGAGE, INC. 2 6.12% $10,273
    Commonwealth Bank and Trust Company 2 3.31% $4,115
    RESIDENTIAL BANCORP 2 3.69% $3,615
    EVERETT FINANCIAL, INC. 2 3.25% $5,267
    Lakeview Community Capital, LLC 2 2.75% $1,997
    German American Bank 2 3.19% $2,371
    GVC MORTGAGE, INC. 2 4.56% $18,334
    U.S. Bank 2 4.75% $10,223
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.62% $16,424
    HOMESTEAD FUNDING CORP. 2 5.00% $8,698
    West Town Bank & Trust 2 4.13% $8,524
    HOMESIDE FINANCIAL, LLC 2 5.81% $13,493
    CRESCENT MORTGAGE COMPANY 2 6.06% $10,683
    SOVEREIGN LENDING GROUP INCORPORATED 2 3.50% $7,329
    FAIR WAY LENDING LLC 2 5.44% $12,392
    Strong Home Mortgage, LLC 1 4.38% $13,969
    Bank of America 1 3.25% $9,536
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $17,322
    TOP FLITE FINANCIAL, INC. 1 5.13% $5,463
    Traditional Bank, Inc. 1 5.13% $2,570
    HALLMARK HOME MORTGAGE, LLC 1 4.75% $10,851
    ZILLOW HOME LOANS, LLC 1 2.88% $7,737
    UNITED MORTGAGE CORP 1 5.25% $6,695
    GUILD MORTGAGE COMPANY 1 5.13% $4,489
    AMERICAN INTERNET MORTGAGE, INC. 1 2.38% $2,347
    Wyndham Capital Mortgage, Inc. 1 2.75% $18,016
    FirstBank 1 3.25% $5,050
    M&T Bank 1 3.13% $10,464
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.13% $705
    AMERICAN FINANCIAL RESOURCES, INC. 1 4.13% $15,405
    First Federal Bank, A FSB 1 3.13% $3,595
    Neighborhood Loans, Inc. 1 5.63% $6,120
    EQUITY RESOURCES, INC. 1 5.13% $4,603
    1ST SIGNATURE LENDING, LLC 1 3.75% $7,598
    Low VA Rates, LLC 1 6.25% $10,364
    LOANPAL, LLC 1 6.50% $8,503
    Old National Bank 1 3.00% $3,337
    OPEN MORTGAGE, LLC 1 3.00% $14,166
    FLAT BRANCH MORTGAGE, INC. 1 3.50% $8,787
    PARTNERS UNITED FINANCIAL, LLC 1 3.75% $4,602
    First Federal Bank of Kansas City 1 3.50% $4,581
    Plains Commerce Bank 1 6.63% $2,056
    Community First National Bank 1 6.38% $3,198
    POLARIS HOME FUNDING CORP. 1 6.50% $3,935
    First Home Bank 1 3.25% $7,971
    Hometown Lenders, Inc. 1 5.63% $7,344
    Republic State Mortgage Co. 1 6.25% $9,263
    ROSS MORTGAGE CORPORATION 1 4.25% $24,243
    ROYAL UNITED MORTGAGE LLC 1 5.00% $16,460
    Capital Bank 1 3.50% $16,294
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $4,951
    NATIONS DIRECT MORTGAGE, LLC 1 4.00% $3,846

    The top Louisville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 244 VA loans originated. Their average total fees are $7,085, which is $925 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Louisville VA lenders (with over 10 loans originated) are Fifth Third Bank ($4,223), PULTE MORTGAGE LLC ($5,365), NAVY FEDERAL CREDIT UNION ($5,571), Republic Bank & Trust Company ($5,909) and FBC MORTGAGE, LLC ($6,176).

    The lowest rate Louisville VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.41%), LOANDEPOT.COM, LLC (3.96%), AMERISAVE MORTGAGE CORPORATION (4.00%), NAVY FEDERAL CREDIT UNION (4.04%) and PULTE MORTGAGE LLC (4.21%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Louisville (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 $238,875 (24.2%) $313,489 (12.7%) 0.89 3,145
    2018-02-01 $248,923 (18.3%) $323,917 (9.2%) 0.90 2,942
    2018-03-01 $259,900 (18.1%) $330,530 (7.8%) 0.91 2,948
    2018-04-01 $261,957 (11.5%) $331,099 (5.0%) 0.89 3,037
    2018-05-01 $269,900 (9.6%) $343,606 (5.0%) 0.90 3,233
    2018-06-01 $271,172 (11.2%) $346,715 (6.6%) 0.90 3,447
    2018-07-01 $270,625 (12.8%) $345,981 (7.5%) 0.90 3,555
    2018-08-01 $269,900 (9.9%) $346,881 (6.4%) 0.90 3,671
    2018-09-01 $269,539 (12.4%) $345,897 (7.8%) 0.91 3,846
    2018-10-01 $260,200 (10.7%) $338,534 (7.8%) 0.88 4,032
    2018-11-01 $257,950 (10.5%) $339,561 (9.5%) 0.87 3,990
    2018-12-01 $249,950 (8.7%) $326,666 (6.7%) 0.86 3,768
    2019-01-01 $249,999 (4.7%) $323,197 (3.1%) 0.86 3,456
    2019-02-01 $262,450 (5.4%) $335,000 (3.4%) 0.89 3,136
    2019-03-01 $276,979 (6.6%) $349,345 (5.7%) 0.91 3,062
    2019-04-01 $286,193 (9.3%) $365,397 (10.4%) 0.91 3,244
    2019-05-01 $289,900 (7.4%) $374,278 (8.9%) 0.91 3,420
    2019-06-01 $285,000 (5.1%) $371,778 (7.2%) 0.89 3,562
    2019-07-01 $278,305 (2.8%) $358,912 (3.7%) 0.87 3,796
    2019-08-01 $270,753 (0.3%) $351,056 (1.2%) 0.86 3,897
    2019-09-01 $264,142 (-2.0%) $340,731 (-1.5%) 0.85 3,929
    2019-10-01 $254,500 (-2.2%) $330,407 (-2.4%) 0.82 3,958
    2019-11-01 $247,000 (-4.3%) $322,266 (-5.1%) 0.81 3,814
    2019-12-01 $239,945 (-4.0%) $317,624 (-2.8%) 0.80 3,403
    2020-01-01 $239,963 (-4.0%) $319,801 (-1.1%) 0.80 3,101
    2020-02-01 $256,083 (-2.4%) $330,930 (-1.2%) 0.84 2,812
    2020-03-01 $274,900 (-0.8%) $350,914 (0.5%) 0.86 2,647
    2020-04-01 $279,248 (-2.4%) $354,163 (-3.1%) 0.87 2,694
    2020-05-01 $295,000 (1.8%) $370,501 (-1.0%) 0.90 2,497
    2020-06-01 $291,449 (2.3%) $380,301 (2.3%) 0.86 2,213
    2020-07-01 $293,093 (5.3%) $384,296 (7.1%) 0.85 2,061
    2020-08-01 $287,900 (6.3%) $377,334 (7.5%) 0.82 1,970
    2020-09-01 $272,400 (3.1%) $369,330 (8.4%) 0.78 2,030
    2020-10-01 $260,000 (2.2%) $367,242 (11.2%) 0.75 2,014
    2020-11-01 $249,900 (1.2%) $360,575 (11.9%) 0.73 2,020
    2020-12-01 $245,449 (2.3%) $351,754 (10.8%) 0.73 1,893
    2021-01-01 $249,900 (4.1%) $355,456 (11.2%) 0.75 1,590
    2021-02-01 $261,900 (2.3%) $369,441 (11.6%) 0.76 1,257
    2021-03-01 $267,900 (-2.6%) $377,648 (7.6%) 0.76 1,222
    2021-04-01 $272,400 (-2.5%) $385,390 (8.8%) 0.74 1,269
    2021-05-01 $275,950 (-6.5%) $388,632 (4.9%) 0.73 1,252
    2021-06-01 $282,450 (-3.1%) $393,506 (3.5%) 0.74 1,410
    2021-07-01 $274,950 (-6.2%) $375,324 (-2.3%) 0.73 1,672
    2021-08-01 $269,900 (-6.3%) $370,550 (-1.8%) 0.72 1,853
    2021-09-01 $259,900 (-4.6%) $359,649 (-2.6%) 0.69 1,902
    2021-10-01 $259,000 (-0.4%) $353,859 (-3.6%) 0.69 1,949
    2021-11-01 $249,900 (0.0%) $348,573 (-3.3%) 0.67 1,887
    2021-12-01 $255,950 (4.3%) $353,712 (0.6%) 0.69 1,639
    2022-01-01 $260,000 (4.0%) $353,824 (-0.5%) 0.70 1,410
    2022-02-01 $279,900 (6.9%) $371,479 (0.6%) 0.73 1,140
    2022-03-01 $289,950 (8.2%) $380,603 (0.8%) 0.73 1,145
    2022-04-01 $290,000 (6.5%) $383,599 (-0.5%) 0.69 1,182
    2022-05-01 $297,207 (7.7%) $384,412 (-1.1%) 0.68 1,477
    2022-06-01 $299,900 (6.2%) $388,353 (-1.3%) 0.67 1,716
    2022-07-01 $299,995 (9.1%) $377,695 (0.6%) 0.68 2,012
    2022-08-01 $299,900 (11.1%) $373,195 (0.7%) 0.69 2,125
    2022-09-01 $299,950 (15.4%) $371,534 (3.3%) 0.70 2,115
    2022-10-01 $299,900 (15.8%) $365,642 (3.3%) 0.71 2,251
    2022-11-01 $290,000 (16.1%) $356,666 (2.3%) 0.70 2,360
    2022-12-01 $295,000 (15.3%) $358,373 (1.3%) 0.73 2,170
    2023-01-01 $299,000 (15.0%) $362,291 (2.4%) 0.74 1,918
    2023-02-01 $300,000 (7.2%) $375,128 (1.0%) 0.72 1,657
    2023-03-01 $307,975 (6.2%) $377,077 (-0.9%) 0.73 1,560
    2023-04-01 $320,000 (10.3%) $395,846 (3.2%) 0.74 1,471
    2023-05-01 $323,900 (9.0%) $403,505 (5.0%) 0.73 1,512
    2023-06-01 $324,900 (8.3%) $403,635 (3.9%) 0.73 1,641
    2023-07-01 $324,900 (8.3%) $397,930 (5.4%) 0.74 1,745
    2023-08-01 $322,500 (7.5%) $394,753 (5.8%) 0.74 1,837
    2023-09-01 $316,358 (5.5%) $392,937 (5.8%) 0.74 1,986
    2023-10-01 $305,450 (1.9%) $379,716 (3.9%) 0.72 2,275
    Louisville's median listing price for 2023-10-01 was $305,450, a difference of $5,550 (1.9%) versus the prior year and $-10,908 versus the prior month.

    Louisville's median listing price comes in at 72% of the national average.

    Louisville's average listing price for 2023-10-01 was $379,716, a difference of $14,074 (3.9%) versus the prior year and $-13,221 versus the prior month.

    For the 2023-10-01 period, Louisville had 2,275 MLS listings, a difference of 289 listings (15%) versus the prior month and 24 listings (1%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Louisville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 73 days 1,983 sqft
    2018-02-01 64 days 2,000 sqft
    2018-03-01 45 days 2,050 sqft
    2018-04-01 43 days 2,087 sqft
    2018-05-01 39 days 2,128 sqft
    2018-06-01 39 days 2,166 sqft
    2018-07-01 43 days 2,138 sqft
    2018-08-01 43 days 2,136 sqft
    2018-09-01 45 days 2,125 sqft
    2018-10-01 48 days 2,098 sqft
    2018-11-01 52 days 2,078 sqft
    2018-12-01 61 days 2,050 sqft
    2019-01-01 67 days 2,036 sqft
    2019-02-01 63 days 2,056 sqft
    2019-03-01 52 days 2,116 sqft
    2019-04-01 44 days 2,178 sqft
    2019-05-01 43 days 2,241 sqft
    2019-06-01 44 days 2,200 sqft
    2019-07-01 44 days 2,144 sqft
    2019-08-01 44 days 2,093 sqft
    2019-09-01 45 days 2,041 sqft
    2019-10-01 46 days 1,997 sqft
    2019-11-01 51 days 1,953 sqft
    2019-12-01 63 days 1,869 sqft
    2020-01-01 69 days 1,877 sqft
    2020-02-01 59 days 1,906 sqft
    2020-03-01 47 days 1,974 sqft
    2020-04-01 49 days 1,987 sqft
    2020-05-01 52 days 2,001 sqft
    2020-06-01 41 days 2,009 sqft
    2020-07-01 38 days 1,987 sqft
    2020-08-01 35 days 1,975 sqft
    2020-09-01 32 days 1,896 sqft
    2020-10-01 31 days 1,890 sqft
    2020-11-01 34 days 1,810 sqft
    2020-12-01 39 days 1,756 sqft
    2021-01-01 46 days 1,747 sqft
    2021-02-01 37 days 1,753 sqft
    2021-03-01 27 days 1,788 sqft
    2021-04-01 23 days 1,764 sqft
    2021-05-01 21 days 1,775 sqft
    2021-06-01 19 days 1,822 sqft
    2021-07-01 22 days 1,800 sqft
    2021-08-01 24 days 1,800 sqft
    2021-09-01 29 days 1,775 sqft
    2021-10-01 30 days 1,750 sqft
    2021-11-01 32 days 1,682 sqft
    2021-12-01 41 days 1,667 sqft
    2022-01-01 46 days 1,640 sqft
    2022-02-01 34 days 1,671 sqft
    2022-03-01 23 days 1,680 sqft
    2022-04-01 22 days 1,703 sqft
    2022-05-01 20 days 1,780 sqft
    2022-06-01 22 days 1,823 sqft
    2022-07-01 25 days 1,830 sqft
    2022-08-01 31 days 1,824 sqft
    2022-09-01 36 days 1,827 sqft
    2022-10-01 36 days 1,845 sqft
    2022-11-01 41 days 1,823 sqft
    2022-12-01 50 days 1,821 sqft
    2023-01-01 54 days 1,800 sqft
    2023-02-01 44 days 1,801 sqft
    2023-03-01 36 days 1,806 sqft
    2023-04-01 36 days 1,918 sqft
    2023-05-01 31 days 1,889 sqft
    2023-06-01 29 days 1,866 sqft
    2023-07-01 31 days 1,900 sqft
    2023-08-01 32 days 1,928 sqft
    2023-09-01 32 days 1,880 sqft
    2023-10-01 32 days 1,863 sqft
    Louisville's median listing age (time on market) for 2023-10-01 was 32 days. This is -13% shorter than the same period one year ago.

    Louisville's median square footage for active listings during the 2023-10-01 period was 1,863 sqft. One year prior, the average listing was 1,845 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.