Manhattan VA Loan Rates, Closing Costs & Stats

MANHATTAN, KS

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 -0.13% for the week of 2024-11-29, 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 (2024-11-22) was 6.54% and one month ago for the week of 2024-10-25, the average rate was 6.24%.

The average rate one year ago was 7.08%.

For refis of the same type during the week of 2024-11-29, 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.