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 63 lenders originated 867 VA loans during 2024. The total origination value was $218,345,000, with an average VA loan value of $251,840.

    Manhattan VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Manhattan averaged 6.21% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Manhattan's average VA mortgage closing costs are $5,253.

    The average rate for the prior week (2025-03-28) was 6.43% and one month ago for the week of 2025-02-28, the average rate was 6.2%.

    The average rate one year ago was 6.81%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.52%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 225 6.41% $5,361
    Exchange Bank 74 5.83% $7,534
    UNITED WHOLESALE MORTGAGE, LLC 71 6.02% $6,348
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 49 5.95% $7,156
    CROSSCOUNTRY MORTGAGE, LLC 46 6.33% $6,270
    PENNYMAC LOAN SERVICES, LLC 40 5.56% $5,335
    NAVY FEDERAL CREDIT UNION 30 5.80% $4,506
    Landmark National Bank 30 6.26% $4,411
    PRIMELENDING, A PLAINSCAPITAL COMPANY 25 6.59% $5,906
    USAA Federal Savings Bank 24 6.27% $6,990
    QUICKEN LOANS, LLC 21 6.20% $10,116
    Old National Bank 20 5.71% $6,573
    GUARANTEED RATE, INC. 18 6.23% $6,679
    Armed Forces Bank 16 6.22% $5,657
    FREEDOM MORTGAGE CORPORATION 13 6.42% $6,812
    Central National Bank 10 6.65% $4,147
    PLANET HOME LENDING, LLC 10 5.74% $4,274
    Mr. Cooper ( Nationstar Mortgage ) 8 5.94% $5,830
    MORTGAGE SOLUTIONS OF COLORADO, LLC 7 6.88% $3,502
    MOVEMENT MORTGAGE, LLC 7 6.13% $8,127
    FLAT BRANCH MORTGAGE, INC. 6 6.60% $8,873
    LOANDEPOT.COM, LLC 6 5.79% $8,744
    American Mortgage & Equity Consultants, Inc. 5 5.98% $5,965
    LEADERONE FINANCIAL CORPORATION 4 6.97% $6,650
    NEWREZ LLC 4 6.38% $3,592
    LAKEVIEW LOAN SERVICING, LLC 4 5.84% $5,267
    The Federal Savings Bank 3 6.13% $15,536
    VILLAGE CAPITAL MORTGAGE 3 5.66% $5,278
    First Federal Bank 3 6.25% $5,006
    Barrington Bank & Trust Company, N.A. 2 6.75% $3,912
    Flagstar Bank, FSB 2 5.49% $5,007
    Equity Prime Mortgage LLC 2 6.69% $4,856
    GUARANTEED RATE AFFINITY, LLC 2 6.06% $2,340
    JPMorgan Chase Bank 2 6.19% $6,809
    Lakeview Community Capital, LLC 2 5.75% $7,111
    LOANPAL, LLC 2 5.87% $11,799
    Members Mortgage Services, L.L.C. 2 6.13% $5,606
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.63% $3,922
    CHURCHILL MORTGAGE CORPORATION 2 6.13% $12,508
    First State Bank of St. Charles, Missouri 2 6.63% $6,092
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.13% $13,674
    AMERISAVE MORTGAGE CORPORATION 2 5.75% $14,951
    UNION HOME MORTGAGE CORP. 1 5.50% $5,941
    NBH Bank 1 5.75% $16,351
    NBKC BANK 1 6.00% $8,212
    NEW DAY FINANCIAL, LLC 1 7.37% $10,470
    ENDEAVOR CAPITAL, LLC. 1 6.25% $20,257
    Northpointe Bank 1 6.63% $10,195
    Carrington Mortgage Services, LLC 1 5.88% $16,009
    BROKER SOLUTIONS, INC. 1 6.50% $11,147
    PENTAGON FEDERAL CREDIT UNION 1 6.13% $7,236
    Plains Commerce Bank 1 7.13% $3,986
    Gateway First Bank 1 6.50% $1,027
    PLAZA HOME MORTGAGE, INC. 1 6.25% $15,131
    Bank of America 1 6.13% $7,164
    ENVOY MORTGAGE, LTD 1 5.63% $9,420
    Sunflower Bank 1 6.63% $5,619
    The Central Trust Bank 1 5.75% $10,084
    Community National Bank & Trust 1 6.13% $3,922
    ALLIANT CREDIT UNION 1 5.88% $5,607
    Magnolia Bank 1 6.00% $13,077
    CMG MORTGAGE, INC. 1 5.63% $5,559
    KANSAS STATE UNIVERSITY Federal Credit Union 1 6.75% $2,564

    The top Manhattan VA lender as defined by loan originations is Mortgage Research Center, LLC, with 225 VA loans originated. Their average total fees are $5,361, which is $2,173 lower than the next largest lender, Exchange Bank.

    The lowest fee Manhattan VA lenders (with over 10 loans originated) are Central National Bank ($4,147), PLANET HOME LENDING, LLC ($4,274), Landmark National Bank ($4,411), NAVY FEDERAL CREDIT UNION ($4,506) and PENNYMAC LOAN SERVICES, LLC ($5,335).

    The lowest rate Manhattan VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.56%), Old National Bank (5.71%), PLANET HOME LENDING, LLC (5.74%), NAVY FEDERAL CREDIT UNION (5.80%) and Exchange Bank (5.83%).

    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 $241,000 (-8.7%) $290,721 (0.3%) 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 $270,000 (-2.9%) $317,141 (3.6%) 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
    2024-11-01 $274,950 (23.6%) $309,850 (14.1%) 0.00 265
    2024-12-01 $274,000 (21.8%) $309,423 (15.7%) 0.00 240
    2025-01-01 $283,700 (21.4%) $319,717 (16.0%) 0.00 212
    2025-02-01 $287,950 (19.5%) $324,326 (11.6%) 0.00 211
    2025-03-01 $295,000 (13.5%) $334,640 (7.3%) 0.00 233
    Manhattan's median listing price for 2025-03-01 was $295,000, a difference of $35,100 (13.5%) versus the prior year and $7,050 versus the prior month.

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

    Manhattan's average listing price for 2025-03-01 was $334,640, a difference of $22,760 (7.3%) versus the prior year and $10,314 versus the prior month.

    For the 2025-03-01 period, Manhattan had 233 MLS listings, a difference of 22 listings (10%) versus the prior month and 14 listings (6%) 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 2,190 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 1,954 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 2,223 sqft
    2024-06-01 0 days 2,160 sqft
    2024-07-01 0 days 2,186 sqft
    2024-08-01 0 days 2,100 sqft
    2024-09-01 0 days 2,063 sqft
    2024-10-01 0 days 2,072 sqft
    2024-11-01 0 days 2,092 sqft
    2024-12-01 0 days 1,992 sqft
    2025-01-01 0 days 2,020 sqft
    2025-02-01 0 days 1,935 sqft
    2025-03-01 0 days 2,226 sqft
    Manhattan's median listing age (time on market) for 2025-03-01 was 0 days.

    Manhattan's median square footage for active listings during the 2025-03-01 period was 2,226 sqft. One year prior, the average listing was 2,179 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.