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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.