Manhattan VA Loan Rates, Closing Costs & Stats

MANHATTAN, KS

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    • 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.

    Manhattan's 67 lenders originated 696 VA loans during 2023. The total origination value was $167,610,000, with an average VA loan value of $240,819.

    Manhattan VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Manhattan averaged 0.07% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Manhattan's average VA mortgage closing costs are $5,098.

    The average rate for the prior week (2024-11-08) was 6.28% and one month ago for the week of 2024-10-11, the average rate was 5.85%.

    The average rate one year ago was 7.44%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

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

    Manhattan 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 Manhattan level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 167 6.72% $5,457
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 68 6.46% $5,327
    Exchange Bank 65 6.12% $6,422
    NAVY FEDERAL CREDIT UNION 55 5.85% $4,953
    UNITED WHOLESALE MORTGAGE, LLC 36 6.57% $7,837
    USAA Federal Savings Bank 29 6.13% $7,402
    Landmark National Bank 27 6.63% $4,808
    CROSSCOUNTRY MORTGAGE, LLC 26 7.02% $8,165
    QUICKEN LOANS, LLC 17 6.38% $8,890
    Central National Bank 14 6.44% $2,870
    Community First National Bank 12 6.62% $6,219
    Armed Forces Bank 12 6.53% $6,579
    PENNYMAC LOAN SERVICES, LLC 11 5.35% $5,387
    MOVEMENT MORTGAGE, LLC 10 6.59% $4,844
    GUARANTEED RATE, INC. 8 6.41% $8,006
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 7.48% $1,465
    Old National Bank 8 6.23% $8,261
    Sunflower Bank 7 5.59% $5,865
    LOANDEPOT.COM, LLC 6 6.02% $9,346
    NBKC BANK 6 6.42% $4,054
    Plains Commerce Bank 6 6.13% $7,850
    FREEDOM MORTGAGE CORPORATION 6 6.35% $12,148
    First State Bank of St. Charles, Missouri 5 6.23% $4,919
    LEADERONE FINANCIAL CORPORATION 5 6.85% $8,365
    American Mortgage & Equity Consultants, Inc. 4 6.44% $9,515
    FLAT BRANCH MORTGAGE, INC. 4 7.06% $9,494
    NEW DAY FINANCIAL, LLC 3 7.33% $8,345
    UNION HOME MORTGAGE CORP. 3 6.42% $7,912
    AMERISAVE MORTGAGE CORPORATION 3 5.79% $15,373
    Mr. Cooper ( Nationstar Mortgage ) 3 6.71% $7,120
    U.S. Bank 2 6.69% $5,295
    Citizens Bank 2 5.94% $13,818
    The Federal Savings Bank 2 6.88% $11,249
    Barrington Bank & Trust Company, N.A. 2 6.50% $6,208
    BROKER SOLUTIONS, INC. 2 6.19% $10,773
    NFM, INC. 2 6.13% $6,781
    Wells Fargo Bank 2 5.88% $3,738
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $20,036
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.25% $5,224
    BNC National Bank 1 5.75% $8,147
    BOKF 1 7.13% $5,353
    CARDINAL FINANCIAL 1 6.25% $13,993
    CORNERSTONE HOME LENDING, INC. 1 6.75% $3,207
    DAS Acquisition Company, LLC 1 7.63% $4,966
    ENDEAVOR CAPITAL, LLC. 1 7.25% $12,108
    Equity Prime Mortgage LLC 1 6.88% $6,952
    FirstTrust Home Loans, Inc. 1 6.75% $16,885
    First United Bank and Trust Company 1 6.75% $5,793
    Gateway First Bank 1 6.25% $2,867
    GREENSTATE CREDIT UNION 1 6.13% $3,297
    Intrust Bank 1 6.00% $1,314
    JPMorgan Chase Bank 1 6.63% $6,990
    KANSAS STATE UNIVERSITY Federal Credit Union 1 7.50% $5,613
    LOANPAL, LLC 1 6.50% $7,039
    Magnolia Bank 1 5.25% $10,353
    MEGASTAR FINANCIAL CORP. 1 6.38% $8,639
    Mid-Continent Funding, Inc. 1 6.63% $4,369
    NBH Bank 1 5.88% $8,251
    NEWREZ LLC 1 7.13% $9,892
    Paramount Residential Mortgage Group, Inc. 1 7.75% $17,130
    PENTAGON FEDERAL CREDIT UNION 1 6.75% $9,921
    Pinnacle Bank 1 5.63% $15,314
    PLANET HOME LENDING, LLC 1 6.25% $5,301
    PLAZA HOME MORTGAGE, INC. 1 5.75% $6,849
    Prosperity Home Mortgage, LLC 1 7.25% $14,052
    SeaTrust Mortgage Company 1 6.63% $6,729
    Servion, Inc. 1 5.63% $9,432

    The top Manhattan VA lender as defined by loan originations is Mortgage Research Center, LLC, with 167 VA loans originated. Their average total fees are $5,457, which is $130 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Manhattan VA lenders (with over 10 loans originated) are Central National Bank ($2,870), Landmark National Bank ($4,808), MOVEMENT MORTGAGE, LLC ($4,844), NAVY FEDERAL CREDIT UNION ($4,953) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,327).

    The lowest rate Manhattan VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.35%), NAVY FEDERAL CREDIT UNION (5.85%), Exchange Bank (6.12%), USAA Federal Savings Bank (6.13%) and QUICKEN LOANS, LLC (6.38%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Manhattan (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 $169,900 (0.0%) $196,155 (-7.3%) 0.00 663
    2018-02-01 $169,923 (-2.9%) $200,244 (-6.3%) 0.00 653
    2018-03-01 $174,900 (-4.1%) $201,185 (-5.8%) 0.00 722
    2018-04-01 $175,000 (-2.8%) $202,865 (-5.1%) 0.00 778
    2018-05-01 $175,000 (-3.3%) $202,384 (-4.8%) 0.00 805
    2018-06-01 $169,900 (-7.8%) $199,761 (-6.5%) 0.00 810
    2018-07-01 $170,725 (-7.2%) $200,227 (-6.0%) 0.00 770
    2018-08-01 $172,450 (-4.2%) $201,190 (-4.4%) 0.00 771
    2018-09-01 $175,000 (-2.7%) $200,648 (-3.9%) 0.00 766
    2018-10-01 $170,000 (-4.4%) $201,206 (-2.5%) 0.00 734
    2018-11-01 $170,000 (-2.9%) $200,733 (-1.7%) 0.00 714
    2018-12-01 $169,900 (-0.1%) $200,834 (1.6%) 0.00 675
    2019-01-01 $165,600 (-2.5%) $200,554 (2.2%) 0.00 645
    2019-02-01 $179,300 (5.5%) $256,282 (28.0%) 0.00 696
    2019-03-01 $179,300 (2.5%) $248,595 (23.6%) 0.00 719
    2019-04-01 $178,200 (1.8%) $237,273 (17.0%) 0.00 736
    2019-05-01 $178,950 (2.3%) $239,245 (18.2%) 0.00 756
    2019-06-01 $173,000 (1.8%) $230,050 (15.2%) 0.00 753
    2019-07-01 $170,675 (0.0%) $227,180 (13.5%) 0.00 763
    2019-08-01 $171,300 (-0.7%) $228,030 (13.3%) 0.00 745
    2019-09-01 $173,325 (-1.0%) $229,404 (14.3%) 0.00 716
    2019-10-01 $174,450 (2.6%) $231,043 (14.8%) 0.00 686
    2019-11-01 $169,900 (-0.1%) $228,092 (13.6%) 0.00 616
    2019-12-01 $169,900 (0.0%) $233,425 (16.2%) 0.00 569
    2020-01-01 $169,700 (2.5%) $229,574 (14.5%) 0.00 533
    2020-02-01 $170,000 (-5.2%) $235,907 (-8.0%) 0.00 529
    2020-03-01 $179,450 (0.1%) $239,435 (-3.7%) 0.00 559
    2020-04-01 $179,800 (0.9%) $241,860 (1.9%) 0.00 537
    2020-05-01 $185,000 (3.4%) $247,376 (3.4%) 0.00 492
    2020-06-01 $189,450 (9.5%) $259,269 (12.7%) 0.00 430
    2020-07-01 $185,000 (8.4%) $258,621 (13.8%) 0.00 424
    2020-08-01 $184,500 (7.7%) $261,358 (14.6%) 0.00 409
    2020-09-01 $169,350 (-2.3%) $223,930 (-2.4%) 0.00 366
    2020-10-01 $169,900 (-2.6%) $225,167 (-2.5%) 0.00 337
    2020-11-01 $177,350 (4.4%) $225,494 (-1.1%) 0.00 316
    2020-12-01 $170,000 (0.1%) $225,192 (-3.5%) 0.00 280
    2021-01-01 $177,000 (4.3%) $232,065 (1.1%) 0.00 246
    2021-02-01 $180,000 (5.9%) $232,016 (-1.7%) 0.00 206
    2021-03-01 $187,750 (4.6%) $242,103 (1.1%) 0.00 202
    2021-04-01 $197,300 (9.7%) $253,083 (4.6%) 0.00 194
    2021-05-01 $205,000 (10.8%) $262,990 (6.3%) 0.00 206
    2021-06-01 $205,000 (8.2%) $238,909 (-7.9%) 0.00 242
    2021-07-01 $186,250 (0.7%) $237,517 (-8.2%) 0.00 275
    2021-08-01 $180,000 (-2.4%) $227,551 (-12.9%) 0.00 311
    2021-09-01 $192,500 (13.7%) $230,679 (3.0%) 0.00 330
    2021-10-01 $185,000 (8.9%) $231,651 (2.9%) 0.00 302
    2021-11-01 $196,875 (11.0%) $238,555 (5.8%) 0.00 253
    2021-12-01 $188,250 (10.7%) $384,085 (70.6%) 0.00 210
    2022-01-01 $164,500 (-7.1%) $429,970 (85.3%) 0.00 155
    2022-02-01 $202,450 (12.5%) $491,080 (111.7%) 0.00 130
    2022-03-01 $239,925 (27.8%) $279,814 (15.6%) 0.00 145
    2022-04-01 $230,000 (16.6%) $273,205 (8.0%) 0.00 166
    2022-05-01 $225,000 (9.8%) $271,105 (3.1%) 0.00 190
    2022-06-01 $232,500 (13.4%) $274,767 (15.0%) 0.00 223
    2022-07-01 $240,000 (28.9%) $277,799 (17.0%) 0.00 237
    2022-08-01 $239,950 (33.3%) $273,540 (20.2%) 0.00 258
    2022-09-01 $233,500 (21.3%) $271,073 (17.5%) 0.00 245
    2022-10-01 $240,000 (29.7%) $275,246 (18.8%) 0.00 225
    2022-11-01 $229,900 (16.8%) $264,508 (10.9%) 0.00 256
    2022-12-01 $229,900 (22.1%) $264,976 (-31.0%) 0.00 251
    2023-01-01 $231,625 (40.8%) $269,872 (-37.2%) 0.00 224
    2023-02-01 $264,000 (30.4%) $289,977 (-41.0%) 0.00 207
    2023-03-01 $275,000 (14.6%) $311,229 (11.2%) 0.00 197
    2023-04-01 $270,000 (17.4%) $315,817 (15.6%) 0.00 202
    2023-05-01 $278,250 (23.7%) $313,443 (15.6%) 0.00 224
    2023-06-01 $278,000 (19.6%) $306,281 (11.5%) 0.00 241
    2023-07-01 $267,000 (11.3%) $301,577 (8.6%) 0.00 249
    2023-08-01 $261,225 (8.9%) $300,666 (9.9%) 0.00 264
    2023-09-01 $239,000 (2.4%) $286,098 (5.5%) 0.00 258
    2023-10-01 $222,238 (-7.4%) $270,363 (-1.8%) 0.00 268
    2023-11-01 $222,500 (-3.2%) $271,510 (2.7%) 0.00 283
    2023-12-01 $225,000 (-2.1%) $267,524 (1.0%) 0.00 276
    2024-01-01 $233,675 (0.9%) $275,626 (2.1%) 0.00 256
    2024-02-01 $241,250 (-8.6%) $291,038 (0.4%) 0.00 232
    2024-03-01 $259,900 (-5.5%) $311,880 (0.2%) 0.00 219
    2024-04-01 $288,750 (6.9%) $327,867 (3.8%) 0.00 245
    2024-05-01 $285,000 (2.4%) $337,623 (7.7%) 0.00 256
    2024-06-01 $274,500 (-1.3%) $321,275 (4.9%) 0.00 286
    2024-07-01 $272,200 (2.0%) $311,018 (3.1%) 0.00 296
    2024-08-01 $274,000 (4.9%) $303,653 (1.0%) 0.00 275
    2024-09-01 $277,500 (16.1%) $311,072 (8.7%) 0.00 277
    2024-10-01 $274,338 (23.4%) $310,914 (15.0%) 0.00 280
    Manhattan's median listing price for 2024-10-01 was $274,338, a difference of $52,100 (23.4%) versus the prior year and $-3,162 versus the prior month.

    Manhattan's median listing price comes in at 0% of the national average.

    Manhattan's average listing price for 2024-10-01 was $310,914, a difference of $40,551 (15.0%) versus the prior year and $-158 versus the prior month.

    For the 2024-10-01 period, Manhattan had 280 MLS listings, a difference of 3 listings (1%) versus the prior month and 12 listings (4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Manhattan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,018 sqft
    2018-02-01 0 days 2,070 sqft
    2018-03-01 0 days 2,082 sqft
    2018-04-01 0 days 2,091 sqft
    2018-05-01 0 days 2,086 sqft
    2018-06-01 0 days 2,091 sqft
    2018-07-01 0 days 2,091 sqft
    2018-08-01 0 days 2,054 sqft
    2018-09-01 0 days 2,054 sqft
    2018-10-01 0 days 2,051 sqft
    2018-11-01 0 days 2,045 sqft
    2018-12-01 0 days 2,020 sqft
    2019-01-01 0 days 1,999 sqft
    2019-02-01 0 days 1,939 sqft
    2019-03-01 0 days 1,941 sqft
    2019-04-01 0 days 1,958 sqft
    2019-05-01 0 days 1,961 sqft
    2019-06-01 0 days 1,963 sqft
    2019-07-01 0 days 1,961 sqft
    2019-08-01 0 days 1,959 sqft
    2019-09-01 0 days 1,957 sqft
    2019-10-01 0 days 1,958 sqft
    2019-11-01 0 days 1,944 sqft
    2019-12-01 0 days 1,935 sqft
    2020-01-01 0 days 1,934 sqft
    2020-02-01 0 days 1,917 sqft
    2020-03-01 0 days 1,923 sqft
    2020-04-01 0 days 1,882 sqft
    2020-05-01 0 days 1,908 sqft
    2020-06-01 0 days 1,971 sqft
    2020-07-01 0 days 1,946 sqft
    2020-08-01 0 days 1,950 sqft
    2020-09-01 0 days 1,995 sqft
    2020-10-01 0 days 2,060 sqft
    2020-11-01 0 days 2,001 sqft
    2020-12-01 0 days 1,959 sqft
    2021-01-01 0 days 1,915 sqft
    2021-02-01 0 days 1,908 sqft
    2021-03-01 0 days 1,904 sqft
    2021-04-01 0 days 1,958 sqft
    2021-05-01 0 days 2,016 sqft
    2021-06-01 0 days 2,045 sqft
    2021-07-01 0 days 1,966 sqft
    2021-08-01 0 days 1,918 sqft
    2021-09-01 0 days 1,950 sqft
    2021-10-01 0 days 1,989 sqft
    2021-11-01 0 days 1,988 sqft
    2021-12-01 0 days 1,987 sqft
    2022-01-01 0 days 1,888 sqft
    2022-02-01 0 days 1,840 sqft
    2022-03-01 0 days 1,926 sqft
    2022-04-01 0 days 1,944 sqft
    2022-05-01 0 days 1,970 sqft
    2022-06-01 0 days 1,988 sqft
    2022-07-01 0 days 2,026 sqft
    2022-08-01 0 days 2,030 sqft
    2022-09-01 0 days 2,014 sqft
    2022-10-01 0 days 2,187 sqft
    2022-11-01 0 days 2,146 sqft
    2022-12-01 0 days 2,143 sqft
    2023-01-01 0 days 2,178 sqft
    2023-02-01 0 days 2,135 sqft
    2023-03-01 0 days 2,251 sqft
    2023-04-01 0 days 2,240 sqft
    2023-05-01 0 days 2,150 sqft
    2023-06-01 0 days 2,182 sqft
    2023-07-01 0 days 2,184 sqft
    2023-08-01 0 days 2,117 sqft
    2023-09-01 0 days 2,016 sqft
    2023-10-01 0 days 1,960 sqft
    2023-11-01 0 days 1,984 sqft
    2023-12-01 0 days 1,952 sqft
    2024-01-01 0 days 1,975 sqft
    2024-02-01 0 days 2,016 sqft
    2024-03-01 0 days 2,179 sqft
    2024-04-01 0 days 2,201 sqft
    2024-05-01 0 days 2,228 sqft
    2024-06-01 0 days 2,160 sqft
    2024-07-01 0 days 2,180 sqft
    2024-08-01 0 days 2,114 sqft
    2024-09-01 0 days 2,063 sqft
    2024-10-01 0 days 2,074 sqft
    Manhattan's median listing age (time on market) for 2024-10-01 was 0 days.

    Manhattan's median square footage for active listings during the 2024-10-01 period was 2,074 sqft. One year prior, the average listing was 1,960 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.