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 124 lenders originated 1,371 VA loans during 2023. The total origination value was $416,735,000, with an average VA loan value of $303,964.

Louisville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Louisville averaged 6.41% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

Louisville's average VA mortgage closing costs are $5,459.

The average rate for the prior week (2024-05-31) was 6.62% and one month ago for the week of 2024-05-03, the average rate was 7.14%.

The average rate one year ago was 6.84%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.95%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 227 6.71% $6,790
UNITED WHOLESALE MORTGAGE, LLC 124 6.44% $7,824
QUICKEN LOANS, LLC 120 6.32% $10,757
FREEDOM MORTGAGE CORPORATION 56 6.68% $11,364
NAVY FEDERAL CREDIT UNION 52 5.73% $5,818
Northpointe Bank 47 6.29% $9,586
VICTORY MORTGAGE, L.L.C. 40 5.67% $8,645
STOCKTON MORTGAGE CORPORATION 38 6.48% $8,050
RUOFF MORTGAGE COMPANY, INC. 34 6.82% $5,463
PENNYMAC LOAN SERVICES, LLC 33 5.45% $8,165
USAA Federal Savings Bank 30 6.12% $9,121
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 6.76% $8,375
NEW DAY FINANCIAL, LLC 27 7.65% $12,733
The Federal Savings Bank 17 6.32% $15,685
Century Mortgage Company DBA Century Lending Company 17 6.42% $6,827
Paramount Residential Mortgage Group, Inc. 16 6.80% $9,141
INTERLINC MORTGAGE SERVICES, LLC 16 6.94% $7,473
Magnolia Bank 15 6.60% $10,615
PULTE MORTGAGE LLC 14 5.79% $6,541
LOANDEPOT.COM, LLC 13 6.49% $11,995
CROSSCOUNTRY MORTGAGE, LLC 12 6.66% $5,866
First Savings Bank 12 6.24% $13,818
Equity Prime Mortgage LLC 11 6.88% $5,252
HOMESIDE FINANCIAL, LLC 11 6.65% $8,322
PENTAGON FEDERAL CREDIT UNION 10 5.74% $7,388
Plains Commerce Bank 10 6.50% $6,144
DHI MORTGAGE COMPANY, LTD. 10 5.61% $6,672
PNC Bank 9 6.89% $4,222
MORTGAGE SOLUTIONS OF COLORADO, LLC 9 7.83% $3,244
Prosperity Home Mortgage, LLC 9 6.71% $7,995
CMG MORTGAGE, INC. 9 6.68% $10,397
VILLAGE CAPITAL MORTGAGE 8 6.28% $11,358
THRIVE MORTGAGE, LLC 8 6.39% $8,796
Stock Yards Bank & Trust Company 8 6.41% $6,209
Fifth Third Bank 7 6.43% $4,795
PLANET HOME LENDING, LLC 7 5.84% $8,201
NEWREZ LLC 7 6.70% $11,290
Flagstar Bank, FSB 6 6.85% $2,836
BROKER SOLUTIONS, INC. 6 6.50% $10,293
JPMorgan Chase Bank 6 6.79% $3,152
Mr. Cooper ( Nationstar Mortgage ) 6 5.79% $13,536
FAIR WAY LENDING LLC 5 7.13% $5,597
Barrington Bank & Trust Company, N.A. 5 6.35% $10,054
SUCCESS MORTGAGE PARTNERS, INC. 5 6.95% $6,067
MUTUAL OF OMAHA MORTGAGE, INC. 5 6.73% $11,993
PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.55% $4,785
INSPIRE HOME LOANS INC. 4 6.06% $8,144
AMERISAVE MORTGAGE CORPORATION 4 6.13% $13,342
ENDEAVOR CAPITAL, LLC. 4 6.28% $10,141
Sierra Pacific Mortgage Company, Inc. 4 6.66% $8,315
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.50% $7,043
GUILD MORTGAGE COMPANY 4 6.59% $10,066
FBC MORTGAGE, LLC 4 6.13% $5,943
BNC National Bank 4 5.56% $9,309
AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.25% $12,147
NBKC BANK 4 5.50% $13,750
VANDERBILT MORTGAGE AND FINANCE, INC. 3 6.13% $5,334
LEADERONE FINANCIAL CORPORATION 3 6.96% $3,666
UNION HOME MORTGAGE CORP. 3 6.83% $7,437
THE MORTGAGE WAREHOUSE,LLC 3 6.71% $4,913
T2 FINANCIAL LLC 3 6.58% $11,540
RELIANCE FIRST CAPITAL, LLC 3 6.71% $6,474
EMM LOANS LLC 3 6.67% $14,189
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.25% $9,135
ENVOY MORTGAGE, LTD 3 6.96% $8,484
EVERETT FINANCIAL, INC. 3 6.79% $6,551
PLAZA HOME MORTGAGE, INC. 3 6.13% $6,612
Citizens Bank 3 6.63% $4,489
AmeriHome Mortgage Company, LLC 3 6.29% $6,027
CARDINAL FINANCIAL 3 6.58% $8,724
EVANSVILLE TEACHERS 2 6.25% $8,132
AMERICAN FINANCIAL NETWORK, INC. 2 7.44% $12,479
Armed Forces Bank 2 5.69% $9,498
BAY EQUITY LLC 2 6.75% $2,760
Community First National Bank 2 6.25% $12,501
FIRST COMMUNITY MORTGAGE, INC. 2 6.88% $7,646
GUARANTEED RATE, INC. 2 6.81% $1,794
GUARANTY HOME MORTGAGE CORPORATION 2 6.38% $8,269
Meridian Bank Corporation 2 6.94% $4,414
North American Savings Bank, F.S.B. 2 4.69% $15,796
NORWICH COMMERCIAL GROUP, INC. 2 7.00% $6,082
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.25% $2,791
Republic Bank & Trust Company 2 6.44% $7,633
Republic State Mortgage Co. 2 7.44% $10,792
The Central Trust Bank 2 5.69% $4,009
U.S. Bank 2 6.50% $14,385
WesBanco 2 6.00% $3,702
MOVEMENT MORTGAGE, LLC 1 6.25% $9,340
MORTGAGE ACCESS CORP. 1 5.75% $3,473
PREMIA MORTGAGE, LLC 1 5.25% $10,137
MICHIGAN MUTUAL, INC. 1 6.25% $2,516
Wells Fargo Bank 1 5.63% $12,152
LENOX FINANCIAL MORTGAGE CORPORATION 1 6.38% $8,208
LAKEVIEW LOAN SERVICING, LLC 1 5.25% $26,547
KeyBank 1 6.50% $4,379
Regions Bank 1 6.75% $8,239
GUARANTEED RATE AFFINITY, LLC 1 5.75% $3,469
CALIBER HOME LOANS, INC. 1 5.75% $6,826
Ameris Bank 1 5.63% $12,774
ROSS MORTGAGE CORPORATION 1 6.50% $7,699
ROYAL UNITED MORTGAGE LLC 1 6.75% $8,600
Goldwater Bank, N.A. 1 7.25% $12,311
SeaTrust Mortgage Company 1 6.75% $6,525
GENEVA FINANCIAL, LLC 1 7.50% $6,364
SOUTH CENTRAL BANK, INC. 1 6.00% $27,455
SOVEREIGN LENDING GROUP INCORPORATED 1 5.13% $32,024
Gateway First Bank 1 5.63% $2,017
Forcht Bank 1 7.25% $6,720
First International Bank & Trust 1 7.13% $2,775
First Harrison Bank 1 7.00% $6,581
Alcova Mortgage LLC 1 6.88% $5,734
First Financial Bank 1 6.63% $6,976
Academy Bank 1 4.75% $17,696
DRAPER AND KRAMER MORTGAGE CORP. 1 6.75% $5,153
TOWNE MORTGAGE COMPANY 1 5.99% $7,468
Credence Funding Corporation 1 6.25% $1,808
Citibank 1 6.25% $9,562
Carrington Mortgage Services, LLC 1 6.88% $937
Old National Bank 1 6.00% $4,191
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $25,912
Nations Lending Corporation 1 7.25% $6,128
PHH Mortgage Corporation 1 6.63% $4,160
MYCUMORTGAGE, LLC 1 7.63% $3,673
M&T Bank 1 6.25% $3,588

The top Louisville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 227 VA loans originated. Their average total fees are $6,790, which is $1,035 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Louisville VA lenders (with over 10 loans originated) are Equity Prime Mortgage LLC ($5,252), RUOFF MORTGAGE COMPANY, INC. ($5,463), NAVY FEDERAL CREDIT UNION ($5,818), CROSSCOUNTRY MORTGAGE, LLC ($5,866) and Plains Commerce Bank ($6,144).

The lowest rate Louisville VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.45%), DHI MORTGAGE COMPANY, LTD. (5.61%), VICTORY MORTGAGE, L.L.C. (5.67%), NAVY FEDERAL CREDIT UNION (5.73%) and PENTAGON FEDERAL CREDIT UNION (5.74%).


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 $238,950 (24.2%) $313,727 (12.6%) 0.89 3,141
2018-02-01 $249,450 (17.9%) $324,292 (9.2%) 0.91 2,937
2018-03-01 $259,900 (17.7%) $330,832 (7.6%) 0.91 2,942
2018-04-01 $262,000 (11.5%) $331,340 (4.7%) 0.89 3,033
2018-05-01 $269,900 (8.8%) $343,740 (4.6%) 0.90 3,230
2018-06-01 $271,536 (10.4%) $346,865 (6.3%) 0.91 3,444
2018-07-01 $270,850 (12.9%) $346,139 (7.2%) 0.90 3,551
2018-08-01 $269,900 (9.2%) $346,992 (6.1%) 0.90 3,668
2018-09-01 $269,600 (12.4%) $346,139 (7.5%) 0.91 3,842
2018-10-01 $261,050 (11.0%) $338,921 (7.6%) 0.88 4,025
2018-11-01 $258,000 (10.5%) $339,934 (9.2%) 0.87 3,984
2018-12-01 $249,995 (8.7%) $327,088 (6.5%) 0.86 3,760
2019-01-01 $250,000 (4.6%) $323,752 (3.2%) 0.86 3,447
2019-02-01 $262,675 (5.3%) $335,522 (3.5%) 0.89 3,129
2019-03-01 $277,614 (6.8%) $349,902 (5.8%) 0.91 3,056
2019-04-01 $286,950 (9.5%) $365,953 (10.5%) 0.91 3,237
2019-05-01 $289,900 (7.4%) $374,994 (9.1%) 0.91 3,412
2019-06-01 $286,950 (5.7%) $372,491 (7.4%) 0.90 3,553
2019-07-01 $278,824 (2.9%) $359,435 (3.8%) 0.87 3,790
2019-08-01 $271,185 (0.5%) $351,383 (1.3%) 0.86 3,893
2019-09-01 $264,457 (-1.9%) $340,985 (-1.5%) 0.85 3,925
2019-10-01 $254,612 (-2.5%) $330,626 (-2.5%) 0.82 3,955
2019-11-01 $247,450 (-4.1%) $322,572 (-5.1%) 0.81 3,809
2019-12-01 $239,950 (-4.0%) $317,962 (-2.8%) 0.80 3,398
2020-01-01 $240,950 (-3.6%) $320,086 (-1.1%) 0.81 3,097
2020-02-01 $256,500 (-2.4%) $331,162 (-1.3%) 0.84 2,809
2020-03-01 $274,950 (-1.0%) $351,152 (0.4%) 0.86 2,644
2020-04-01 $279,250 (-2.7%) $354,342 (-3.2%) 0.87 2,692
2020-05-01 $295,000 (1.8%) $370,692 (-1.2%) 0.90 2,495
2020-06-01 $291,450 (1.6%) $380,509 (2.2%) 0.86 2,212
2020-07-01 $293,448 (5.2%) $384,554 (7.0%) 0.85 2,059
2020-08-01 $288,500 (6.4%) $377,652 (7.5%) 0.83 1,968
2020-09-01 $272,400 (3.0%) $369,410 (8.3%) 0.78 2,029
2020-10-01 $260,000 (2.1%) $367,305 (11.1%) 0.75 2,012
2020-11-01 $249,900 (1.0%) $360,722 (11.8%) 0.73 2,019
2020-12-01 $246,450 (2.7%) $351,892 (10.7%) 0.73 1,893
2021-01-01 $249,900 (3.7%) $355,456 (11.1%) 0.75 1,590
2021-02-01 $261,900 (2.1%) $369,593 (11.6%) 0.76 1,256
2021-03-01 $267,900 (-2.6%) $377,733 (7.6%) 0.76 1,221
2021-04-01 $272,425 (-2.4%) $385,390 (8.8%) 0.74 1,269
2021-05-01 $276,908 (-6.1%) $388,872 (4.9%) 0.74 1,250
2021-06-01 $282,450 (-3.1%) $393,877 (3.5%) 0.74 1,408
2021-07-01 $275,000 (-6.3%) $375,687 (-2.3%) 0.73 1,670
2021-08-01 $269,900 (-6.5%) $370,666 (-1.9%) 0.72 1,851
2021-09-01 $259,900 (-4.6%) $359,828 (-2.6%) 0.69 1,900
2021-10-01 $259,450 (-0.2%) $353,977 (-3.6%) 0.69 1,948
2021-11-01 $249,900 (0.0%) $348,861 (-3.3%) 0.67 1,884
2021-12-01 $255,950 (3.9%) $354,101 (0.6%) 0.69 1,636
2022-01-01 $260,152 (4.1%) $354,214 (-0.4%) 0.70 1,407
2022-02-01 $280,537 (7.1%) $371,998 (0.7%) 0.73 1,137
2022-03-01 $289,950 (8.2%) $380,930 (0.9%) 0.73 1,143
2022-04-01 $293,460 (7.7%) $384,142 (-0.3%) 0.70 1,178
2022-05-01 $297,804 (7.6%) $384,968 (-1.0%) 0.68 1,473
2022-06-01 $299,900 (6.2%) $388,867 (-1.3%) 0.67 1,713
2022-07-01 $299,999 (9.1%) $377,891 (0.6%) 0.68 2,008
2022-08-01 $299,900 (11.1%) $373,345 (0.7%) 0.69 2,124
2022-09-01 $299,950 (15.4%) $371,675 (3.3%) 0.70 2,115
2022-10-01 $299,900 (15.6%) $365,777 (3.3%) 0.71 2,251
2022-11-01 $290,000 (16.1%) $356,796 (2.3%) 0.70 2,360
2022-12-01 $295,000 (15.3%) $358,402 (1.2%) 0.73 2,169
2023-01-01 $299,000 (14.9%) $362,330 (2.3%) 0.74 1,917
2023-02-01 $300,000 (6.9%) $375,196 (0.9%) 0.72 1,657
2023-03-01 $307,975 (6.2%) $377,077 (-1.0%) 0.73 1,560
2023-04-01 $320,000 (9.0%) $395,982 (3.1%) 0.74 1,471
2023-05-01 $323,913 (8.8%) $403,574 (4.8%) 0.73 1,514
2023-06-01 $324,950 (8.4%) $403,739 (3.8%) 0.73 1,642
2023-07-01 $324,900 (8.3%) $397,959 (5.3%) 0.74 1,745
2023-08-01 $322,500 (7.5%) $394,753 (5.7%) 0.74 1,837
2023-09-01 $316,358 (5.5%) $392,937 (5.7%) 0.74 1,986
2023-10-01 $305,450 (1.9%) $379,716 (3.8%) 0.72 2,275
2023-11-01 $299,997 (3.5%) $375,585 (5.3%) 0.71 2,403
2023-12-01 $299,900 (1.7%) $373,428 (4.2%) 0.73 2,271
2024-01-01 $308,475 (3.2%) $379,817 (4.8%) 0.75 2,059
2024-02-01 $312,389 (4.1%) $380,895 (1.5%) 0.75 1,861
2024-03-01 $315,000 (2.3%) $394,375 (4.6%) 0.74 1,785
2024-04-01 $327,450 (2.3%) $410,096 (3.6%) 0.76 1,837
2024-05-01 $339,950 (5.0%) $427,530 (5.9%) 0.77 2,015
Louisville's median listing price for 2024-05-01 was $339,950, a difference of $16,037 (5.0%) versus the prior year and $12,500 versus the prior month.

Louisville's median listing price comes in at 77% of the national average.

Louisville's average listing price for 2024-05-01 was $427,530, a difference of $23,956 (5.9%) versus the prior year and $17,434 versus the prior month.

For the 2024-05-01 period, Louisville had 2,015 MLS listings, a difference of 178 listings (10%) versus the prior month and 501 listings (33%) 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 1,985 sqft
2018-02-01 64 days 2,002 sqft
2018-03-01 45 days 2,051 sqft
2018-04-01 43 days 2,087 sqft
2018-05-01 39 days 2,129 sqft
2018-06-01 39 days 2,166 sqft
2018-07-01 43 days 2,139 sqft
2018-08-01 43 days 2,137 sqft
2018-09-01 45 days 2,126 sqft
2018-10-01 48 days 2,100 sqft
2018-11-01 52 days 2,079 sqft
2018-12-01 60 days 2,050 sqft
2019-01-01 67 days 2,042 sqft
2019-02-01 63 days 2,059 sqft
2019-03-01 52 days 2,119 sqft
2019-04-01 44 days 2,180 sqft
2019-05-01 43 days 2,245 sqft
2019-06-01 44 days 2,200 sqft
2019-07-01 44 days 2,149 sqft
2019-08-01 44 days 2,097 sqft
2019-09-01 45 days 2,042 sqft
2019-10-01 46 days 1,998 sqft
2019-11-01 51 days 1,959 sqft
2019-12-01 63 days 1,871 sqft
2020-01-01 69 days 1,879 sqft
2020-02-01 59 days 1,909 sqft
2020-03-01 47 days 1,975 sqft
2020-04-01 49 days 1,987 sqft
2020-05-01 52 days 2,002 sqft
2020-06-01 41 days 2,010 sqft
2020-07-01 38 days 1,988 sqft
2020-08-01 35 days 1,978 sqft
2020-09-01 32 days 1,897 sqft
2020-10-01 31 days 1,891 sqft
2020-11-01 34 days 1,810 sqft
2020-12-01 39 days 1,756 sqft
2021-01-01 46 days 1,750 sqft
2021-02-01 37 days 1,754 sqft
2021-03-01 27 days 1,789 sqft
2021-04-01 23 days 1,764 sqft
2021-05-01 22 days 1,776 sqft
2021-06-01 19 days 1,825 sqft
2021-07-01 22 days 1,800 sqft
2021-08-01 24 days 1,801 sqft
2021-09-01 29 days 1,775 sqft
2021-10-01 30 days 1,750 sqft
2021-11-01 32 days 1,683 sqft
2021-12-01 41 days 1,667 sqft
2022-01-01 45 days 1,640 sqft
2022-02-01 34 days 1,674 sqft
2022-03-01 23 days 1,681 sqft
2022-04-01 21 days 1,704 sqft
2022-05-01 20 days 1,781 sqft
2022-06-01 22 days 1,825 sqft
2022-07-01 24 days 1,830 sqft
2022-08-01 31 days 1,825 sqft
2022-09-01 36 days 1,829 sqft
2022-10-01 36 days 1,846 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 1,890 sqft
2023-06-01 29 days 1,867 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
2023-11-01 37 days 1,820 sqft
2023-12-01 48 days 1,800 sqft
2024-01-01 53 days 1,814 sqft
2024-02-01 45 days 1,820 sqft
2024-03-01 40 days 1,822 sqft
2024-04-01 38 days 1,891 sqft
2024-05-01 31 days 1,901 sqft
Louisville's median listing age (time on market) for 2024-05-01 was 31 days. This is -2% shorter than the same period one year ago.

Louisville's median square footage for active listings during the 2024-05-01 period was 1,901 sqft. One year prior, the average listing was 1,890 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.