Madisonville VA Loan Rates, Closing Costs & Stats
Madisonville, 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.
Madisonville's 26 lenders originated 81 VA loans during 2023. The total origination value was $17,185,000, with an average VA loan value of $212,160.
Madisonville VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Madisonville
averaged
0.33%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Madisonville's average VA mortgage closing costs are $4,331.
The average rate for the prior week (2024-11-22) was
6.49% and
one month ago for the week of 2024-10-25, the
average rate was 6.29%.
The average rate one year ago was 7.33%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.1%.
Madisonville 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 Madisonville level.
The top Madisonville VA lender as defined by loan originations is Mortgage Research Center, LLC, with
30 VA loans originated. Their average total fees are
$4,803, which is $2,555
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Madisonville VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($4,803), .
The lowest rate Madisonville VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.79%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Madisonville (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 | $137,200 (9.9%) | $161,739 (5.0%) | 0.00 | 170 |
2018-02-01 | $139,900 (16.7%) | $167,569 (3.8%) | 0.00 | 163 |
2018-03-01 | $149,900 (11.5%) | $176,668 (7.5%) | 0.00 | 157 |
2018-04-01 | $147,450 (15.2%) | $170,911 (7.2%) | 0.00 | 155 |
2018-05-01 | $144,950 (10.9%) | $167,291 (4.2%) | 0.00 | 160 |
2018-06-01 | $142,250 (3.9%) | $177,519 (-4.6%) | 0.00 | 168 |
2018-07-01 | $136,400 (-0.8%) | $180,923 (-2.9%) | 0.00 | 183 |
2018-08-01 | $138,700 (2.3%) | $184,886 (16.8%) | 0.00 | 202 |
2018-09-01 | $134,900 (-2.6%) | $169,969 (4.1%) | 0.00 | 194 |
2018-10-01 | $129,900 (-1.9%) | $160,920 (2.6%) | 0.00 | 196 |
2018-11-01 | $129,900 (-1.0%) | $162,806 (4.7%) | 0.00 | 190 |
2018-12-01 | $129,900 (-2.3%) | $166,775 (4.4%) | 0.00 | 182 |
2019-01-01 | $128,550 (-6.3%) | $166,942 (3.2%) | 0.00 | 175 |
2019-02-01 | $133,325 (-4.7%) | $169,273 (1.0%) | 0.00 | 159 |
2019-03-01 | $134,186 (-10.5%) | $170,013 (-3.8%) | 0.00 | 150 |
2019-04-01 | $139,900 (-5.1%) | $176,771 (3.4%) | 0.00 | 147 |
2019-05-01 | $142,900 (-1.4%) | $186,541 (11.5%) | 0.00 | 149 |
2019-06-01 | $148,900 (4.7%) | $180,867 (1.9%) | 0.00 | 157 |
2019-07-01 | $138,650 (1.7%) | $173,994 (-3.8%) | 0.00 | 166 |
2019-08-01 | $133,536 (-3.7%) | $174,895 (-5.4%) | 0.00 | 168 |
2019-09-01 | $131,491 (-2.5%) | $174,667 (2.8%) | 0.00 | 175 |
2019-10-01 | $129,900 (0.0%) | $173,535 (7.8%) | 0.00 | 182 |
2019-11-01 | $128,200 (-1.3%) | $169,235 (4.0%) | 0.00 | 179 |
2019-12-01 | $128,050 (-1.4%) | $167,729 (0.6%) | 0.00 | 159 |
2020-01-01 | $128,500 (0.0%) | $165,305 (-1.0%) | 0.00 | 152 |
2020-02-01 | $129,900 (-2.6%) | $168,644 (-0.4%) | 0.00 | 154 |
2020-03-01 | $129,900 (-3.2%) | $160,533 (-5.6%) | 0.00 | 138 |
2020-04-01 | $129,900 (-7.2%) | $165,347 (-6.5%) | 0.00 | 133 |
2020-05-01 | $121,900 (-14.7%) | $167,467 (-10.2%) | 0.00 | 123 |
2020-06-01 | $126,850 (-14.8%) | $179,876 (-0.6%) | 0.00 | 113 |
2020-07-01 | $131,175 (-5.4%) | $189,209 (8.7%) | 0.00 | 117 |
2020-08-01 | $127,500 (-4.5%) | $185,644 (6.2%) | 0.00 | 107 |
2020-09-01 | $138,400 (5.3%) | $196,665 (12.6%) | 0.00 | 97 |
2020-10-01 | $119,950 (-7.7%) | $173,405 (-0.1%) | 0.00 | 101 |
2020-11-01 | $122,450 (-4.5%) | $182,860 (8.1%) | 0.00 | 90 |
2020-12-01 | $128,075 (0.0%) | $174,836 (4.2%) | 0.00 | 97 |
2021-01-01 | $134,900 (5.0%) | $177,878 (7.6%) | 0.00 | 89 |
2021-02-01 | $130,650 (0.6%) | $190,315 (12.9%) | 0.00 | 69 |
2021-03-01 | $130,675 (0.6%) | $198,463 (23.6%) | 0.00 | 58 |
2021-04-01 | $137,400 (5.8%) | $196,775 (19.0%) | 0.00 | 41 |
2021-05-01 | $174,900 (43.5%) | $203,824 (21.7%) | 0.00 | 35 |
2021-06-01 | $152,250 (20.0%) | $195,197 (8.5%) | 0.00 | 39 |
2021-07-01 | $174,900 (33.3%) | $245,858 (29.9%) | 0.00 | 51 |
2021-08-01 | $169,900 (33.3%) | $256,185 (38.0%) | 0.00 | 57 |
2021-09-01 | $179,450 (29.7%) | $243,148 (23.6%) | 0.00 | 68 |
2021-10-01 | $189,900 (58.3%) | $242,420 (39.8%) | 0.00 | 70 |
2021-11-01 | $174,900 (42.8%) | $221,446 (21.1%) | 0.00 | 71 |
2021-12-01 | $164,900 (28.8%) | $199,507 (14.1%) | 0.00 | 67 |
2022-01-01 | $166,700 (23.6%) | $215,032 (20.9%) | 0.00 | 49 |
2022-02-01 | $169,900 (30.0%) | $212,127 (11.5%) | 0.00 | 45 |
2022-03-01 | $159,900 (22.4%) | $217,090 (9.4%) | 0.00 | 40 |
2022-04-01 | $164,900 (20.0%) | $218,682 (11.1%) | 0.00 | 34 |
2022-05-01 | $186,400 (6.6%) | $282,768 (38.7%) | 0.00 | 40 |
2022-06-01 | $204,950 (34.6%) | $262,582 (34.5%) | 0.00 | 46 |
2022-07-01 | $199,900 (14.3%) | $247,321 (0.6%) | 0.00 | 64 |
2022-08-01 | $199,900 (17.7%) | $252,059 (-1.6%) | 0.00 | 70 |
2022-09-01 | $203,650 (13.5%) | $259,430 (6.7%) | 0.00 | 82 |
2022-10-01 | $214,900 (13.2%) | $249,390 (2.9%) | 0.00 | 84 |
2022-11-01 | $192,400 (10.0%) | $236,040 (6.6%) | 0.00 | 87 |
2022-12-01 | $189,900 (15.2%) | $241,723 (21.2%) | 0.00 | 80 |
2023-01-01 | $180,000 (8.0%) | $237,723 (10.6%) | 0.00 | 74 |
2023-02-01 | $184,900 (8.8%) | $244,877 (15.4%) | 0.00 | 62 |
2023-03-01 | $187,475 (17.3%) | $251,325 (15.8%) | 0.00 | 53 |
2023-04-01 | $204,750 (24.2%) | $238,444 (9.0%) | 0.00 | 63 |
2023-05-01 | $204,950 (10.0%) | $242,181 (-14.4%) | 0.00 | 60 |
2023-06-01 | $206,050 (0.5%) | $239,453 (-8.8%) | 0.00 | 60 |
2023-07-01 | $225,000 (12.6%) | $235,332 (-4.9%) | 0.00 | 72 |
2023-08-01 | $220,425 (10.3%) | $265,696 (5.4%) | 0.00 | 73 |
2023-09-01 | $188,700 (-7.3%) | $255,740 (-1.4%) | 0.00 | 72 |
2023-10-01 | $208,450 (-3.0%) | $283,756 (13.8%) | 0.00 | 71 |
2023-11-01 | $207,925 (8.1%) | $291,018 (23.3%) | 0.00 | 79 |
2023-12-01 | $212,000 (11.6%) | $301,853 (24.9%) | 0.00 | 76 |
2024-01-01 | $224,675 (24.8%) | $308,430 (29.7%) | 0.00 | 71 |
2024-02-01 | $196,850 (6.5%) | $295,007 (20.5%) | 0.00 | 67 |
2024-03-01 | $210,950 (12.5%) | $316,464 (25.9%) | 0.00 | 66 |
2024-04-01 | $218,650 (6.8%) | $311,391 (30.6%) | 0.00 | 91 |
2024-05-01 | $219,900 (7.3%) | $309,076 (27.6%) | 0.00 | 90 |
2024-06-01 | $209,900 (1.9%) | $306,402 (28.0%) | 0.00 | 82 |
2024-07-01 | $196,950 (-12.5%) | $290,912 (23.6%) | 0.00 | 95 |
2024-08-01 | $215,000 (-2.5%) | $283,525 (6.7%) | 0.00 | 114 |
2024-09-01 | $217,450 (15.2%) | $285,213 (11.5%) | 0.00 | 108 |
2024-10-01 | $208,675 (0.1%) | $286,926 (1.1%) | 0.00 | 98 |
Madisonville's median listing price comes in at 0% of the national average.
Madisonville's average listing price for 2024-10-01 was $286,926, a difference of $3,170 (1.1%) versus the prior year and $1,713 versus the prior month.
For the 2024-10-01 period, Madisonville had 98 MLS listings, a difference of -10 listings (-9%) versus the prior month and 27 listings (38%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Madisonville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,669 sqft |
2018-02-01 | 0 days | 1,683 sqft |
2018-03-01 | 0 days | 1,731 sqft |
2018-04-01 | 0 days | 1,700 sqft |
2018-05-01 | 0 days | 1,705 sqft |
2018-06-01 | 0 days | 1,656 sqft |
2018-07-01 | 0 days | 1,694 sqft |
2018-08-01 | 0 days | 1,734 sqft |
2018-09-01 | 0 days | 1,638 sqft |
2018-10-01 | 0 days | 1,601 sqft |
2018-11-01 | 0 days | 1,639 sqft |
2018-12-01 | 0 days | 1,636 sqft |
2019-01-01 | 0 days | 1,630 sqft |
2019-02-01 | 0 days | 1,694 sqft |
2019-03-01 | 0 days | 1,703 sqft |
2019-04-01 | 0 days | 1,751 sqft |
2019-05-01 | 0 days | 1,819 sqft |
2019-06-01 | 0 days | 1,800 sqft |
2019-07-01 | 0 days | 1,779 sqft |
2019-08-01 | 0 days | 1,761 sqft |
2019-09-01 | 0 days | 1,735 sqft |
2019-10-01 | 0 days | 1,712 sqft |
2019-11-01 | 0 days | 1,700 sqft |
2019-12-01 | 0 days | 1,653 sqft |
2020-01-01 | 0 days | 1,700 sqft |
2020-02-01 | 0 days | 1,636 sqft |
2020-03-01 | 0 days | 1,636 sqft |
2020-04-01 | 0 days | 1,707 sqft |
2020-05-01 | 0 days | 1,624 sqft |
2020-06-01 | 0 days | 1,704 sqft |
2020-07-01 | 0 days | 1,708 sqft |
2020-08-01 | 0 days | 1,700 sqft |
2020-09-01 | 0 days | 1,713 sqft |
2020-10-01 | 0 days | 1,565 sqft |
2020-11-01 | 0 days | 1,563 sqft |
2020-12-01 | 0 days | 1,539 sqft |
2021-01-01 | 0 days | 1,559 sqft |
2021-02-01 | 0 days | 1,549 sqft |
2021-03-01 | 0 days | 1,696 sqft |
2021-04-01 | 0 days | 1,745 sqft |
2021-05-01 | 0 days | 1,699 sqft |
2021-06-01 | 0 days | 1,476 sqft |
2021-07-01 | 0 days | 1,624 sqft |
2021-08-01 | 0 days | 1,691 sqft |
2021-09-01 | 0 days | 1,648 sqft |
2021-10-01 | 0 days | 1,702 sqft |
2021-11-01 | 0 days | 1,638 sqft |
2021-12-01 | 0 days | 1,532 sqft |
2022-01-01 | 0 days | 1,402 sqft |
2022-02-01 | 0 days | 1,469 sqft |
2022-03-01 | 0 days | 1,396 sqft |
2022-04-01 | 0 days | 1,400 sqft |
2022-05-01 | 0 days | 1,742 sqft |
2022-06-01 | 0 days | 1,812 sqft |
2022-07-01 | 0 days | 1,704 sqft |
2022-08-01 | 0 days | 1,650 sqft |
2022-09-01 | 0 days | 1,743 sqft |
2022-10-01 | 0 days | 1,731 sqft |
2022-11-01 | 0 days | 1,648 sqft |
2022-12-01 | 0 days | 1,680 sqft |
2023-01-01 | 0 days | 1,696 sqft |
2023-02-01 | 0 days | 1,766 sqft |
2023-03-01 | 0 days | 1,751 sqft |
2023-04-01 | 0 days | 1,659 sqft |
2023-05-01 | 0 days | 1,602 sqft |
2023-06-01 | 0 days | 1,624 sqft |
2023-07-01 | 0 days | 1,873 sqft |
2023-08-01 | 0 days | 1,850 sqft |
2023-09-01 | 0 days | 1,668 sqft |
2023-10-01 | 0 days | 1,696 sqft |
2023-11-01 | 0 days | 1,764 sqft |
2023-12-01 | 0 days | 1,779 sqft |
2024-01-01 | 0 days | 1,727 sqft |
2024-02-01 | 0 days | 1,535 sqft |
2024-03-01 | 0 days | 1,548 sqft |
2024-04-01 | 0 days | 1,688 sqft |
2024-05-01 | 0 days | 1,668 sqft |
2024-06-01 | 0 days | 1,750 sqft |
2024-07-01 | 0 days | 1,659 sqft |
2024-08-01 | 0 days | 1,642 sqft |
2024-09-01 | 0 days | 1,678 sqft |
2024-10-01 | 0 days | 1,637 sqft |
Madisonville's median square footage for active listings during the 2024-10-01 period was 1,637 sqft. One year prior, the average listing was 1,696 sqft.