Middlesborough VA Loan Rates, Closing Costs & Stats
Middlesborough, 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.
Middlesborough's 4 lenders originated 7 VA loans during 2023. The total origination value was $1,105,000, with an average VA loan value of $157,857.
Middlesborough VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Middlesborough
averaged
6.76%
for the week of 2024-04-12, compared to the national average (all VA variants) of
6.574% for the same period.
Middlesborough's average VA mortgage closing costs are $4,025.
The average rate for the prior week (2024-04-05) was
6.91% and
one month ago for the week of 2024-03-08, the
average rate was 6.64%.
The average rate one year ago was 6.13%.
For refis of the same type during the week of 2024-04-12, the average rate
was 6.67%.
Middlesborough 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 Middlesborough level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| CARDINAL FINANCIAL | 2 | 6.87% | $7,749 |
| Citizens Bank | 2 | 6.25% | $3,306 |
| Mortgage Research Center, LLC | 2 | 7.13% | $755 |
| NAVY FEDERAL CREDIT UNION | 1 | 5.88% | $9,450 |
The top Middlesborough VA lender as defined by loan originations is CARDINAL FINANCIAL, with
2 VA loans originated. Their average total fees are
$7,749, which is $4,443
higher than the next largest lender,
Citizens Bank.
The lowest fee Middlesborough VA lenders (with over 10 loans originated) are
.
The lowest rate Middlesborough VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Middlesborough (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 | $95,100 (5.8%) | $117,154 (5.0%) | 0.00 | 79 |
| 2018-02-01 | $92,325 (2.7%) | $116,313 (5.8%) | 0.00 | 79 |
| 2018-03-01 | $95,000 (5.7%) | $120,508 (10.2%) | 0.00 | 92 |
| 2018-04-01 | $97,550 (8.5%) | $120,761 (11.6%) | 0.00 | 100 |
| 2018-05-01 | $97,900 (12.1%) | $125,500 (19.3%) | 0.00 | 98 |
| 2018-06-01 | $101,200 (6.1%) | $123,943 (11.4%) | 0.00 | 97 |
| 2018-07-01 | $93,425 (5.0%) | $120,389 (8.2%) | 0.00 | 99 |
| 2018-08-01 | $92,725 (10.4%) | $118,198 (9.6%) | 0.00 | 108 |
| 2018-09-01 | $99,900 (16.2%) | $123,030 (12.2%) | 0.00 | 104 |
| 2018-10-01 | $95,450 (7.3%) | $121,322 (7.2%) | 0.00 | 98 |
| 2018-11-01 | $89,000 (-2.4%) | $115,872 (0.9%) | 0.00 | 94 |
| 2018-12-01 | $89,700 (-0.3%) | $123,057 (6.6%) | 0.00 | 89 |
| 2019-01-01 | $89,600 (-5.8%) | $122,988 (5.0%) | 0.00 | 84 |
| 2019-02-01 | $89,000 (-3.6%) | $119,162 (2.5%) | 0.00 | 88 |
| 2019-03-01 | $93,500 (-1.6%) | $120,193 (-0.3%) | 0.00 | 90 |
| 2019-04-01 | $99,600 (2.1%) | $125,460 (3.9%) | 0.00 | 91 |
| 2019-05-01 | $107,675 (10.0%) | $128,934 (2.7%) | 0.00 | 93 |
| 2019-06-01 | $109,900 (8.6%) | $128,544 (3.7%) | 0.00 | 101 |
| 2019-07-01 | $120,300 (28.8%) | $130,975 (8.8%) | 0.00 | 104 |
| 2019-08-01 | $121,664 (31.2%) | $130,100 (10.1%) | 0.00 | 103 |
| 2019-09-01 | $121,909 (22.0%) | $128,285 (4.3%) | 0.00 | 102 |
| 2019-10-01 | $123,275 (29.2%) | $128,952 (6.3%) | 0.00 | 101 |
| 2019-11-01 | $122,700 (37.9%) | $126,890 (9.5%) | 0.00 | 92 |
| 2019-12-01 | $124,900 (39.2%) | $126,485 (2.8%) | 0.00 | 88 |
| 2020-01-01 | $124,800 (39.3%) | $125,844 (2.3%) | 0.00 | 81 |
| 2020-02-01 | $124,900 (40.3%) | $128,208 (7.6%) | 0.00 | 73 |
| 2020-03-01 | $126,000 (34.8%) | $137,686 (14.6%) | 0.00 | 71 |
| 2020-04-01 | $124,900 (25.4%) | $138,431 (10.3%) | 0.00 | 62 |
| 2020-05-01 | $125,000 (16.1%) | $138,386 (7.3%) | 0.00 | 58 |
| 2020-06-01 | $137,450 (25.1%) | $146,426 (13.9%) | 0.00 | 50 |
| 2020-07-01 | $135,750 (12.8%) | $143,048 (9.2%) | 0.00 | 36 |
| 2020-08-01 | $132,000 (8.5%) | $130,660 (0.4%) | 0.00 | 44 |
| 2020-09-01 | $126,475 (3.8%) | $134,354 (4.7%) | 0.00 | 45 |
| 2020-10-01 | $112,450 (-8.8%) | $133,448 (3.5%) | 0.00 | 44 |
| 2020-11-01 | $117,188 (-4.5%) | $131,283 (3.5%) | 0.00 | 45 |
| 2020-12-01 | $121,563 (-2.7%) | $143,474 (13.4%) | 0.00 | 38 |
| 2021-01-01 | $101,250 (-18.9%) | $137,151 (9.0%) | 0.00 | 37 |
| 2021-02-01 | $87,474 (-30.0%) | $139,012 (8.4%) | 0.00 | 39 |
| 2021-03-01 | $92,675 (-26.5%) | $132,798 (-3.6%) | 0.00 | 43 |
| 2021-04-01 | $96,900 (-22.4%) | $132,457 (-4.3%) | 0.00 | 37 |
| 2021-05-01 | $109,900 (-12.1%) | $137,524 (-0.6%) | 0.00 | 35 |
| 2021-06-01 | $120,000 (-12.7%) | $139,630 (-4.6%) | 0.00 | 38 |
| 2021-07-01 | $115,000 (-15.3%) | $139,185 (-2.7%) | 0.00 | 43 |
| 2021-08-01 | $97,950 (-25.8%) | $128,528 (-1.6%) | 0.00 | 41 |
| 2021-09-01 | $96,900 (-23.4%) | $122,442 (-8.9%) | 0.00 | 42 |
| 2021-10-01 | $99,450 (-11.6%) | $132,985 (-0.4%) | 0.00 | 37 |
| 2021-11-01 | $113,750 (-2.9%) | $141,984 (8.2%) | 0.00 | 41 |
| 2021-12-01 | $117,475 (-3.4%) | $141,138 (-1.6%) | 0.00 | 42 |
| 2022-01-01 | $119,950 (18.5%) | $156,538 (14.1%) | 0.00 | 34 |
| 2022-02-01 | $136,000 (55.5%) | $164,867 (18.6%) | 0.00 | 29 |
| 2022-03-01 | $131,925 (42.4%) | $186,522 (40.5%) | 0.00 | 29 |
| 2022-04-01 | $122,500 (26.4%) | $177,771 (34.2%) | 0.00 | 31 |
| 2022-05-01 | $119,500 (8.7%) | $175,693 (27.8%) | 0.00 | 41 |
| 2022-06-01 | $119,750 (-0.2%) | $183,014 (31.1%) | 0.00 | 44 |
| 2022-07-01 | $133,000 (15.7%) | $182,078 (30.8%) | 0.00 | 48 |
| 2022-08-01 | $139,675 (42.6%) | $195,614 (52.2%) | 0.00 | 45 |
| 2022-09-01 | $139,900 (44.4%) | $201,868 (64.9%) | 0.00 | 51 |
| 2022-10-01 | $135,000 (35.8%) | $191,211 (43.8%) | 0.00 | 43 |
| 2022-11-01 | $133,000 (16.9%) | $194,182 (36.8%) | 0.00 | 42 |
| 2022-12-01 | $124,750 (6.2%) | $190,479 (35.0%) | 0.00 | 33 |
| 2023-01-01 | $120,999 (0.9%) | $179,200 (14.5%) | 0.00 | 41 |
| 2023-02-01 | $130,650 (-3.9%) | $182,964 (11.0%) | 0.00 | 43 |
| 2023-03-01 | $127,250 (-3.5%) | $169,538 (-9.1%) | 0.00 | 44 |
| 2023-04-01 | $122,000 (-0.4%) | $168,534 (-5.2%) | 0.00 | 45 |
| 2023-05-01 | $147,450 (23.4%) | $182,570 (3.9%) | 0.00 | 43 |
| 2023-06-01 | $148,750 (24.2%) | $178,061 (-2.7%) | 0.00 | 45 |
| 2023-07-01 | $150,000 (12.8%) | $183,855 (1.0%) | 0.00 | 48 |
| 2023-08-01 | $159,500 (14.2%) | $190,158 (-2.8%) | 0.00 | 49 |
| 2023-09-01 | $139,900 (0.0%) | $172,531 (-14.5%) | 0.00 | 48 |
| 2023-10-01 | $149,500 (10.7%) | $179,646 (-6.1%) | 0.00 | 50 |
| 2023-11-01 | $158,450 (19.1%) | $189,522 (-2.4%) | 0.00 | 47 |
| 2023-12-01 | $166,950 (33.8%) | $185,631 (-2.6%) | 0.00 | 41 |
| 2024-01-01 | $169,450 (40.0%) | $200,556 (11.9%) | 0.00 | 41 |
| 2024-02-01 | $164,450 (25.9%) | $194,568 (6.3%) | 0.00 | 46 |
| 2024-03-01 | $175,000 (37.5%) | $196,402 (15.9%) | 0.00 | 51 |
Middlesborough's median listing price comes in at 0% of the national average.
Middlesborough's average listing price for 2024-03-01 was $196,402, a difference of $26,864 (15.9%) versus the prior year and $1,834 versus the prior month.
For the 2024-03-01 period, Middlesborough had 51 MLS listings, a difference of 5 listings (11%) versus the prior month and 7 listings (16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Middlesborough (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,568 sqft |
| 2018-02-01 | 0 days | 1,436 sqft |
| 2018-03-01 | 0 days | 1,456 sqft |
| 2018-04-01 | 0 days | 1,457 sqft |
| 2018-05-01 | 0 days | 1,456 sqft |
| 2018-06-01 | 0 days | 1,510 sqft |
| 2018-07-01 | 0 days | 1,502 sqft |
| 2018-08-01 | 0 days | 1,463 sqft |
| 2018-09-01 | 0 days | 1,538 sqft |
| 2018-10-01 | 0 days | 1,504 sqft |
| 2018-11-01 | 0 days | 1,503 sqft |
| 2018-12-01 | 0 days | 1,525 sqft |
| 2019-01-01 | 0 days | 1,540 sqft |
| 2019-02-01 | 0 days | 1,505 sqft |
| 2019-03-01 | 0 days | 1,519 sqft |
| 2019-04-01 | 0 days | 1,549 sqft |
| 2019-05-01 | 0 days | 1,609 sqft |
| 2019-06-01 | 0 days | 1,582 sqft |
| 2019-07-01 | 0 days | 1,633 sqft |
| 2019-08-01 | 0 days | 1,619 sqft |
| 2019-09-01 | 0 days | 1,581 sqft |
| 2019-10-01 | 0 days | 1,580 sqft |
| 2019-11-01 | 0 days | 1,596 sqft |
| 2019-12-01 | 0 days | 1,615 sqft |
| 2020-01-01 | 0 days | 1,613 sqft |
| 2020-02-01 | 0 days | 1,621 sqft |
| 2020-03-01 | 0 days | 1,672 sqft |
| 2020-04-01 | 0 days | 1,572 sqft |
| 2020-05-01 | 0 days | 1,621 sqft |
| 2020-06-01 | 0 days | 1,617 sqft |
| 2020-07-01 | 0 days | 1,623 sqft |
| 2020-08-01 | 0 days | 1,690 sqft |
| 2020-09-01 | 0 days | 1,796 sqft |
| 2020-10-01 | 0 days | 1,800 sqft |
| 2020-11-01 | 0 days | 1,800 sqft |
| 2020-12-01 | 0 days | 1,800 sqft |
| 2021-01-01 | 0 days | 1,800 sqft |
| 2021-02-01 | 0 days | 1,615 sqft |
| 2021-03-01 | 0 days | 1,500 sqft |
| 2021-04-01 | 0 days | 1,372 sqft |
| 2021-05-01 | 0 days | 1,740 sqft |
| 2021-06-01 | 0 days | 1,690 sqft |
| 2021-07-01 | 0 days | 1,658 sqft |
| 2021-08-01 | 0 days | 1,617 sqft |
| 2021-09-01 | 0 days | 1,326 sqft |
| 2021-10-01 | 0 days | 1,360 sqft |
| 2021-11-01 | 0 days | 1,276 sqft |
| 2021-12-01 | 0 days | 1,312 sqft |
| 2022-01-01 | 0 days | 1,312 sqft |
| 2022-02-01 | 0 days | 1,410 sqft |
| 2022-03-01 | 0 days | 1,416 sqft |
| 2022-04-01 | 0 days | 1,432 sqft |
| 2022-05-01 | 0 days | 1,431 sqft |
| 2022-06-01 | 0 days | 1,395 sqft |
| 2022-07-01 | 0 days | 1,385 sqft |
| 2022-08-01 | 0 days | 1,396 sqft |
| 2022-09-01 | 0 days | 1,400 sqft |
| 2022-10-01 | 0 days | 1,432 sqft |
| 2022-11-01 | 0 days | 1,689 sqft |
| 2022-12-01 | 0 days | 1,595 sqft |
| 2023-01-01 | 0 days | 1,410 sqft |
| 2023-02-01 | 0 days | 1,390 sqft |
| 2023-03-01 | 0 days | 1,403 sqft |
| 2023-04-01 | 0 days | 1,389 sqft |
| 2023-05-01 | 0 days | 1,463 sqft |
| 2023-06-01 | 0 days | 1,445 sqft |
| 2023-07-01 | 0 days | 1,469 sqft |
| 2023-08-01 | 0 days | 1,469 sqft |
| 2023-09-01 | 0 days | 1,404 sqft |
| 2023-10-01 | 0 days | 1,404 sqft |
| 2023-11-01 | 0 days | 1,435 sqft |
| 2023-12-01 | 0 days | 1,410 sqft |
| 2024-01-01 | 0 days | 1,466 sqft |
| 2024-02-01 | 0 days | 1,494 sqft |
| 2024-03-01 | 0 days | 1,530 sqft |
Middlesborough's median square footage for active listings during the 2024-03-01 period was 1,530 sqft. One year prior, the average listing was 1,403 sqft.