Louisville VA Loan Rates, Closing Costs & Stats

LOUISVILLE, 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.

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.