Louisville/jefferson County VA Loans

LOUISVILLE/JEFFERSON COUNTY, KY-IN

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.

Louisville/jefferson County's 166 lenders originated 4,515 VA loans during 2021. The total origination value was $1,135,545,000, with an average VA loan value of $251,505.

Louisville/jefferson County VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Louisville/jefferson County averaged 5.37% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

The average rate for the prior week (2022-07-29) was 5.42% and one month ago for the week of 2022-07-01, the average rate was 5.54%.

The average rate one year ago was 3.02%.

For refis of the same type during the week of 2022-08-05, the average rate was 4.98%.

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

Louisville/jefferson County 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 Louisville/jefferson County level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FREEDOM MORTGAGE CORPORATION 418 2.53% $2,459
QUICKEN LOANS, LLC 357 2.50% $4,588
Mortgage Research Center, LLC 335 2.93% $5,383
HOME POINT FINANCIAL CORPORATION 263 2.59% $5,498
UNITED WHOLESALE MORTGAGE, LLC 224 2.59% $5,041
PENNYMAC LOAN SERVICES, LLC 154 2.50% $4,903
NEW DAY FINANCIAL, LLC 112 2.85% $7,219
USAA Federal Savings Bank 108 2.89% $3,812
Commonwealth Bank and Trust Company 99 2.78% $4,728
NAVY FEDERAL CREDIT UNION 81 2.47% $5,611
VILLAGE CAPITAL & INVESTMENT LLC 70 2.38% $3,222
LAKEVIEW LOAN SERVICING, LLC 55 2.50% $2,782
CALIBER HOME LOANS, INC. 55 2.62% $3,189
LOANDEPOT.COM, LLC 54 2.76% $5,108
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 53 2.97% $5,720
Mr. Cooper ( Nationstar Mortgage ) 49 2.83% $4,126
Prosperity Home Mortgage, LLC 47 2.71% $6,181
INTERLINC MORTGAGE SERVICES, LLC 41 3.06% $7,644
Wells Fargo Bank 37 2.51% $4,632
Republic Bank & Trust Company 36 2.70% $5,005
STOCKTON MORTGAGE CORPORATION 36 3.04% $6,652
Low VA Rates, LLC 35 2.36% $3,912
ARK-LA-TEX FINANCIAL SERVICES, LLC. 35 2.85% $6,436
THRIVE MORTGAGE, LLC 34 2.67% $6,095
CROSSCOUNTRY MORTGAGE, LLC 33 2.79% $7,413
AMERICAN MORTGAGE SERVICE COMPANY 33 2.74% $4,627
VICTORY MORTGAGE, L.L.C. 33 2.52% $6,712
CLEARPATH LENDING 32 2.27% $4,182
The Federal Savings Bank 30 2.56% $7,478
Magnolia Bank 30 2.79% $6,743
FBC MORTGAGE, LLC 29 2.78% $5,020
BROKER SOLUTIONS, INC. 26 2.82% $6,355
PNC Bank 26 2.89% $3,474
AMERISAVE MORTGAGE CORPORATION 25 2.61% $5,186
RUOFF MORTGAGE COMPANY, INC. 24 3.09% $8,125
NEWREZ LLC 24 2.75% $2,715
BAY EQUITY LLC 24 2.92% $7,023
MUTUAL OF OMAHA MORTGAGE, INC. 22 2.96% $6,583
CMG MORTGAGE, INC. 20 3.01% $5,212
Paramount Residential Mortgage Group, Inc. 20 2.96% $5,419
PULTE MORTGAGE LLC 19 2.82% $5,279
MOVEMENT MORTGAGE, LLC 19 2.75% $4,606
THE MORTGAGE WAREHOUSE,LLC 18 2.60% $3,474
ENVOY MORTGAGE, LTD 17 2.93% $6,651
GUARANTY HOME MORTGAGE CORPORATION 17 2.72% $6,762
Barrington Bank & Trust Company, N.A. 17 2.67% $5,046
InterContinental Capital Group, Inc 16 2.34% $3,386
First Guaranty Mortgage Corporation 16 2.59% $4,480
North American Savings Bank, F.S.B. 15 2.36% $3,977
STEARNS LENDING, LLC 15 2.86% $5,315
Flagstar Bank, FSB 14 2.82% $5,209
Citizens Bank 14 2.51% $8,594
Carrington Mortgage Services, LLC 14 3.01% $3,918
NBKC BANK 14 2.38% $8,342
Northpointe Bank 14 2.61% $4,960
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 13 2.88% $4,309
UNION HOME MORTGAGE CORP. 13 2.91% $6,656
EVANSVILLE TEACHERS 12 2.83% $6,535
PENTAGON FEDERAL CREDIT UNION 12 2.29% $4,397
First Savings Bank 12 2.81% $6,400
Lakeview Community Capital, LLC 12 2.52% $2,349
Stock Yards Bank & Trust Company 10 2.88% $3,221
SOUTH CENTRAL BANK, INC. 10 2.48% $5,222
Fifth Third Bank 10 2.96% $4,925
PLANET HOME LENDING, LLC 9 2.58% $2,361
PRIMARY RESIDENTIAL MORTGAGE, INC. 9 3.04% $4,112
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 9 3.07% $5,687
First Federal Bank 9 3.98% $6,611
Citizens Union Bank of Shelbyville 9 2.33% $5,145
Century Mortgage Company DBA Century Lending Company 8 2.95% $8,967
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 2.50% $4,460
SUCCESS MORTGAGE PARTNERS, INC. 7 3.71% $6,699
SOVEREIGN LENDING GROUP INCORPORATED 7 2.55% $3,944
RELIANCE FIRST CAPITAL, LLC 7 2.59% $10,372
GUILD MORTGAGE COMPANY 6 2.77% $3,267
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 2.85% $4,708
DRAPER AND KRAMER MORTGAGE CORP. 6 2.75% $3,041
U.S. Bank 6 2.79% $8,405
HOMESIDE FINANCIAL, LLC 6 2.60% $4,489
BNC National Bank 6 2.27% $2,007
Nations Lending Corporation 5 2.73% $9,475
GUARANTEED RATE, INC. 5 2.93% $5,020
First Financial Bank 5 2.53% $5,624
Hometown Lenders, Inc. 5 3.10% $5,505
EVERETT FINANCIAL, INC. 5 3.13% $10,548
EMM LOANS LLC 5 2.53% $4,250
SUN WEST MORTGAGE COMPANY, INC. 5 2.25% $4,338
BAYSHORE MORTGAGE FUNDING, LLC 5 2.50% $3,554
NP, Inc. 4 2.28% $3,482
PARTNERS UNITED FINANCIAL, LLC 4 3.03% $9,948
KS StateBank 4 2.34% $937
CHURCHILL MORTGAGE CORPORATION 4 2.31% $6,029
JPMorgan Chase Bank 4 3.63% $5,098
Goldwater Bank, N.A. 4 2.88% $5,570
CELEBRITY HOME LOANS, LLC 4 3.22% $4,653
Wyndham Capital Mortgage, Inc. 4 2.47% $2,105
The Huntington National Bank 4 2.88% $3,761
AMERIFIRST FINANCIAL CORPORATION 4 2.69% $3,998
AMERICAN FINANCIAL NETWORK, INC. 4 2.31% $6,286
Equity Prime Mortgage LLC 4 3.38% $3,510
Truist Bank 4 2.66% $4,384
DHI MORTGAGE COMPANY, LTD. 3 2.54% $9,552
Sierra Pacific Mortgage Company, Inc. 3 2.75% $3,507
Republic State Mortgage Co. 3 2.67% $5,142
UNITED MORTGAGE CORP. 3 2.67% $5,102
FIRST COMMUNITY MORTGAGE, INC. 3 2.42% $5,803
Strong Home Mortgage, LLC 3 2.46% $2,643
FAIR WAY LENDING LLC 3 2.71% $5,196
Central Bank & Trust Company 3 2.50% $2,502
First Federal Bank of Kansas City 3 2.25% $4,466
Paramount Bank 3 2.54% $8,205
ACCELERATE MORTGAGE, LLC 2 2.25% $6,258
AMERICAN FINANCING CORPORATION 2 2.56% $1,896
First Home Bank 2 2.56% $6,314
FLAT BRANCH MORTGAGE, INC. 2 2.94% $8,087
GUARANTEED RATE AFFINITY, LLC 2 2.25% $10,102
HAMILTON HOME LOANS, INC. 2 3.06% $15,959
HOMESTEAD FUNDING CORP. 2 2.50% $3,922
Manufacturers and Traders Trust Company 2 3.06% $8,664
MID AMERICA MORTGAGE, INC. 2 2.88% $1,665
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.75% $1,599
Old National Bank 2 2.38% $2,119
PLAZA HOME MORTGAGE, INC. 2 2.37% $18,046
Regions Bank 2 2.75% $4,660
SOUTHWEST FUNDING, LP 2 3.50% $9,611
PHH Mortgage Corporation 1 4.13% $9,848
OCEANSIDE MORTGAGE COMPANY 1 2.25% $834
RANLIFE, INC. 1 2.75% $9,070
West Town Bank & Trust 1 2.88% $7,063
NOVA FINANCIAL & INVESTMENT CORPORATION 1 2.63% $4,304
NETWORK CAPITAL FUNDING CORPORATION 1 3.00% $1,930
NBH Bank 1 2.25% $19,525
ROYAL UNITED MORTGAGE LLC 1 3.00% $7,436
MORTGAGE ACCESS CORP. 1 3.25% $8,050
Servion, Inc. 1 3.50% $7,961
MILESTONE HOME LENDING, LLC 1 4.25% $7,063
Meridian Bank Corporation 1 2.25% $3,550
AmeriHome Mortgage Company, LLC 1 3.13% $750
SOUTHWEST STAGE FUNDING, LLC 1 4.38% $2,969
LEADERONE FINANCIAL CORPORATION 1 3.00% $7,950
LAND HOME FINANCIAL SERVICES, INC. 1 2.88% $2,588
Ixonia Bank 1 2.25% $1,983
HALLMARK HOME MORTGAGE, LLC 1 3.13% $7,200
GVC MORTGAGE, INC. 1 2.38% $843
GoPrime Mortgage, Inc. 1 2.88% $3,233
SUMMIT FUNDING, INC. 1 2.99% $14,620
German American Bank 1 2.88% $12,947
Texana Bank 1 2.25% $5,866
The Central Trust Bank 1 2.75% $22,999
GENEVA FINANCIAL, LLC 1 3.25% $2,689
Gateway First Bank 1 2.25% $3,023
First Midwest Bank 1 2.25% $1,691
EMBRACE HOME LOANS, INC. 1 2.25% $2,708
DAS Acquisition Company, LLC 1 2.63% $9,383
Colonial Savings, F.A. 1 3.25% $940
United Fidelity Funding Corp. 1 3.75% $2,717
CityWorth Mortgage LLC 1 2.25% $2,335
Capital Bank 1 2.38% $1,064
CALCON MUTUAL MORTGAGE LLC 1 4.25% $26,464
Bank of England 1 2.88% $6,854
Bank of America 1 2.50% $35,548
Arvest Bank 1 2.75% $17,221
Waterstone Mortgage Corporation 1 3.13% $13,154
ARC HOME LLC 1 2.75% $11,569
Prime Choice Funding Inc. 1 2.25% $1,709
POLARIS HOME FUNDING CORP. 1 2.75% $14,167

The top Louisville/jefferson County VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 418 VA loans originated. Their average total fees are $2,459, which is $2,130 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Louisville/jefferson County VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($2,349), FREEDOM MORTGAGE CORPORATION ($2,459), NEWREZ LLC ($2,715), LAKEVIEW LOAN SERVICING, LLC ($2,782) and CALIBER HOME LOANS, INC. ($3,189).

The lowest rate Louisville/jefferson County VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.27%), PENTAGON FEDERAL CREDIT UNION (2.29%), InterContinental Capital Group, Inc (2.34%), Low VA Rates, LLC (2.36%) and North American Savings Bank, F.S.B. (2.36%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Louisville/jefferson County (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 $234,950 (22.4%) $310,191 (12.0%) 0.87 3,368
2018-02-01 $243,208 (17.5%) $319,541 (9.0%) 0.88 3,153
2018-03-01 $255,000 (16.0%) $325,931 (7.0%) 0.88 3,139
2018-04-01 $258,950 (12.6%) $325,345 (3.7%) 0.87 3,254
2018-05-01 $267,721 (10.4%) $339,136 (4.1%) 0.89 3,450
2018-06-01 $269,500 (12.3%) $340,805 (5.5%) 0.90 3,695
2018-07-01 $265,400 (10.6%) $340,158 (6.4%) 0.89 3,839
2018-08-01 $264,950 (10.4%) $341,196 (6.0%) 0.89 3,929
2018-09-01 $265,000 (10.5%) $342,332 (8.0%) 0.89 4,106
2018-10-01 $259,900 (11.3%) $336,389 (8.4%) 0.87 4,295
2018-11-01 $255,000 (10.9%) $345,967 (12.7%) 0.86 4,260
2018-12-01 $249,900 (9.1%) $325,612 (7.2%) 0.86 4,001
2019-01-01 $249,900 (6.4%) $323,237 (4.2%) 0.86 3,652
2019-02-01 $261,900 (7.7%) $336,051 (5.2%) 0.88 3,328
2019-03-01 $273,529 (7.3%) $348,537 (6.9%) 0.89 3,240
2019-04-01 $284,950 (10.0%) $364,993 (12.2%) 0.90 3,414
2019-05-01 $289,900 (8.3%) $375,078 (10.6%) 0.89 3,619
2019-06-01 $285,000 (5.8%) $371,943 (9.1%) 0.88 3,775
2019-07-01 $277,200 (4.5%) $358,264 (5.3%) 0.86 4,043
2019-08-01 $268,471 (1.3%) $348,039 (2.0%) 0.84 4,055
2019-09-01 $259,900 (-1.9%) $335,045 (-2.1%) 0.83 3,994
2019-10-01 $252,450 (-2.9%) $326,257 (-3.0%) 0.81 4,204
2019-11-01 $244,900 (-4.0%) $318,002 (-8.1%) 0.79 4,041
2019-12-01 $237,450 (-5.0%) $314,597 (-3.4%) 0.79 3,644
2020-01-01 $239,900 (-4.0%) $315,880 (-2.3%) 0.80 3,311
2020-02-01 $254,900 (-2.7%) $328,105 (-2.4%) 0.82 2,963
2020-03-01 $272,450 (-0.4%) $347,288 (-0.4%) 0.85 2,803
2020-04-01 $275,000 (-3.5%) $349,486 (-4.3%) 0.86 2,852
2020-05-01 $289,700 (-0.1%) $365,989 (-2.4%) 0.88 2,642
2020-06-01 $289,900 (1.7%) $379,421 (2.0%) 0.85 2,298
2020-07-01 $289,900 (4.6%) $382,448 (6.8%) 0.83 2,135
2020-08-01 $284,900 (6.1%) $376,121 (8.1%) 0.81 2,060
2020-09-01 $267,450 (2.9%) $366,925 (9.5%) 0.76 2,115
2020-10-01 $258,000 (2.2%) $366,128 (12.2%) 0.74 2,094
2020-11-01 $244,900 (0.0%) $357,546 (12.4%) 0.70 2,124
2020-12-01 $239,900 (1.0%) $348,831 (10.9%) 0.70 1,992
2021-01-01 $249,000 (3.8%) $350,807 (11.1%) 0.73 1,663
2021-02-01 $259,900 (2.0%) $368,075 (12.2%) 0.75 1,308
2021-03-01 $264,450 (-2.9%) $375,579 (8.2%) 0.74 1,254
2021-04-01 $266,350 (-3.2%) $381,756 (9.2%) 0.72 1,309
2021-05-01 $274,900 (-5.1%) $382,080 (4.4%) 0.72 1,282
2021-06-01 $277,450 (-4.3%) $389,815 (2.7%) 0.72 1,454
2021-07-01 $269,950 (-6.9%) $375,395 (-1.8%) 0.70 1,710
2021-08-01 $264,950 (-7.0%) $365,106 (-2.9%) 0.70 1,932
2021-09-01 $250,000 (-6.5%) $356,130 (-2.9%) 0.66 1,984
2021-10-01 $250,000 (-3.1%) $349,568 (-4.5%) 0.66 2,015
2021-11-01 $249,450 (1.9%) $348,391 (-2.6%) 0.66 1,976
2021-12-01 $252,500 (5.3%) $353,713 (1.4%) 0.67 1,721
2022-01-01 $259,000 (4.0%) $352,620 (0.5%) 0.69 1,479
2022-02-01 $279,900 (7.7%) $372,613 (1.2%) 0.71 1,207
2022-03-01 $289,950 (9.6%) $384,170 (2.3%) 0.72 1,177
2022-04-01 $289,900 (8.8%) $383,805 (0.5%) 0.68 1,227
2022-05-01 $292,450 (6.4%) $384,230 (0.6%) 0.65 1,527
2022-06-01 $299,900 (8.1%) $388,153 (-0.4%) 0.67 1,773
Louisville/jefferson County's median listing price for 2022-06-01 was $299,900, a difference of $22,450 (8.1%) versus the prior year and $7,450 versus the prior month.

Louisville/jefferson County's median listing price comes in at 67% of the national average.

Louisville/jefferson County's average listing price for 2022-06-01 was $388,153, a difference of $-1,662 (-0.4%) versus the prior year and $3,923 versus the prior month.

For the 2022-06-01 period, Louisville/jefferson County had 1,773 MLS listings, a difference of 246 listings (16%) versus the prior month and 319 listings (22%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Louisville/jefferson County (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 76 days 1,969 sqft
2018-02-01 69 days 1,988 sqft
2018-03-01 47 days 2,039 sqft
2018-04-01 45 days 2,061 sqft
2018-05-01 40 days 2,112 sqft
2018-06-01 40 days 2,147 sqft
2018-07-01 44 days 2,118 sqft
2018-08-01 44 days 2,121 sqft
2018-09-01 47 days 2,109 sqft
2018-10-01 50 days 2,093 sqft
2018-11-01 54 days 2,072 sqft
2018-12-01 64 days 2,045 sqft
2019-01-01 69 days 2,024 sqft
2019-02-01 66 days 2,054 sqft
2019-03-01 55 days 2,105 sqft
2019-04-01 46 days 2,165 sqft
2019-05-01 46 days 2,239 sqft
2019-06-01 46 days 2,200 sqft
2019-07-01 44 days 2,128 sqft
2019-08-01 46 days 2,085 sqft
2019-09-01 46 days 2,043 sqft
2019-10-01 48 days 1,983 sqft
2019-11-01 52 days 1,932 sqft
2019-12-01 65 days 1,846 sqft
2020-01-01 72 days 1,853 sqft
2020-02-01 64 days 1,900 sqft
2020-03-01 51 days 1,962 sqft
2020-04-01 51 days 1,966 sqft
2020-05-01 57 days 1,988 sqft
2020-06-01 46 days 2,006 sqft
2020-07-01 43 days 1,989 sqft
2020-08-01 38 days 1,960 sqft
2020-09-01 35 days 1,883 sqft
2020-10-01 35 days 1,870 sqft
2020-11-01 37 days 1,787 sqft
2020-12-01 42 days 1,735 sqft
2021-01-01 49 days 1,731 sqft
2021-02-01 42 days 1,750 sqft
2021-03-01 34 days 1,778 sqft
2021-04-01 28 days 1,744 sqft
2021-05-01 25 days 1,773 sqft
2021-06-01 23 days 1,812 sqft
2021-07-01 23 days 1,792 sqft
2021-08-01 26 days 1,789 sqft
2021-09-01 30 days 1,763 sqft
2021-10-01 31 days 1,739 sqft
2021-11-01 34 days 1,671 sqft
2021-12-01 41 days 1,657 sqft
2022-01-01 49 days 1,640 sqft
2022-02-01 40 days 1,664 sqft
2022-03-01 30 days 1,672 sqft
2022-04-01 24 days 1,683 sqft
2022-05-01 22 days 1,779 sqft
2022-06-01 23 days 1,816 sqft
Louisville/jefferson County's median listing age (time on market) for 2022-06-01 was 23 days. This is 0% longer than the same period one year ago.

Louisville/jefferson County's median square footage for active listings during the 2022-06-01 period was 1,816 sqft. One year prior, the average listing was 1,812 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.