Mount Sterling VA Loan Rates, Closing Costs & Stats

Mount Sterling, KY

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Mount Sterling's 29 lenders originated 77 VA loans during 2024. The total origination value was $20,205,000, with an average VA loan value of $262,403.

    Mount Sterling VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Mount Sterling averaged 6.69% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Mount Sterling's average VA mortgage closing costs are $5,113.

    The average rate for the prior week (2025-03-28) was 6.81% and one month ago for the week of 2025-02-28, the average rate was 6.89%.

    The average rate one year ago was 6.9%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.96%.

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

    Mount Sterling 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 Mount Sterling level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 23 6.52% $4,480
    UNITED WHOLESALE MORTGAGE, LLC 5 6.75% $8,118
    QUICKEN LOANS, LLC 4 6.50% $7,997
    PENNYMAC LOAN SERVICES, LLC 4 5.56% $5,870
    Republic State Mortgage Co. 4 6.72% $8,042
    NEWREZ LLC 3 5.79% $4,985
    Prosperity Home Mortgage, LLC 2 5.75% $8,158
    PLANET HOME LENDING, LLC 2 5.75% $4,557
    Mr. Cooper ( Nationstar Mortgage ) 2 6.19% $9,265
    Stock Yards Bank & Trust Company 2 6.56% $3,185
    FREEDOM MORTGAGE CORPORATION 2 6.12% $3,250
    CROSSCOUNTRY MORTGAGE, LLC 2 6.69% $15,121
    Bank of England 2 6.88% $14,021
    VILLAGE CAPITAL MORTGAGE 2 5.87% $4,324
    USAA Federal Savings Bank 1 6.75% $2,738
    NEW DAY FINANCIAL, LLC 1 7.50% $19,103
    AmRes Corporation 1 6.99% $5,749
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.25% $4,945
    Barrington Bank & Trust Company, N.A. 1 6.25% $10,041
    DAS Acquisition Company, LLC 1 6.75% $5,962
    Equity Prime Mortgage LLC 1 6.75% $7,851
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $1,669
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $100
    NAVY FEDERAL CREDIT UNION 1 5.63% $1,808
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $4,988
    Peoples Exchange Bank 1 6.50% $2,639
    Plains Commerce Bank 1 6.00% $14,215
    STOCKTON MORTGAGE CORPORATION 1 5.25% $7,979
    UNION HOME MORTGAGE CORP. 1 6.00% $3,683

    The top Mount Sterling VA lender as defined by loan originations is Mortgage Research Center, LLC, with 23 VA loans originated. Their average total fees are $4,480, which is $3,638 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Mount Sterling VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,480), .

    The lowest rate Mount Sterling VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.52%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mount Sterling (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 $125,700 (-6.9%) $153,493 (-5.3%) 0.00 148
    2018-02-01 $124,425 (-5.0%) $149,318 (-7.0%) 0.00 144
    2018-03-01 $124,900 (-7.7%) $147,516 (-8.4%) 0.00 150
    2018-04-01 $132,250 (-4.7%) $154,668 (-7.4%) 0.00 146
    2018-05-01 $142,449 (3.3%) $158,037 (-5.8%) 0.00 141
    2018-06-01 $149,000 (14.8%) $160,215 (-0.5%) 0.00 151
    2018-07-01 $148,500 (18.9%) $166,408 (9.6%) 0.00 161
    2018-08-01 $149,800 (23.9%) $171,573 (15.5%) 0.00 149
    2018-09-01 $149,900 (24.9%) $172,147 (14.2%) 0.00 155
    2018-10-01 $149,900 (20.0%) $168,094 (9.1%) 0.00 158
    2018-11-01 $148,500 (12.9%) $171,059 (8.0%) 0.00 145
    2018-12-01 $149,900 (18.0%) $172,199 (10.8%) 0.00 149
    2019-01-01 $145,000 (15.4%) $168,584 (9.8%) 0.00 134
    2019-02-01 $157,950 (26.9%) $176,586 (18.3%) 0.00 130
    2019-03-01 $159,214 (27.5%) $184,772 (25.3%) 0.00 130
    2019-04-01 $152,964 (15.7%) $185,386 (19.9%) 0.00 133
    2019-05-01 $145,000 (1.8%) $185,438 (17.3%) 0.00 144
    2019-06-01 $144,000 (-3.4%) $181,729 (13.4%) 0.00 147
    2019-07-01 $144,500 (-2.7%) $179,006 (7.6%) 0.00 146
    2019-08-01 $148,564 (-0.8%) $184,186 (7.4%) 0.00 140
    2019-09-01 $146,559 (-2.2%) $179,382 (4.2%) 0.00 138
    2019-10-01 $147,673 (-1.5%) $177,007 (5.3%) 0.00 137
    2019-11-01 $152,500 (2.7%) $176,821 (3.4%) 0.00 124
    2019-12-01 $146,750 (-2.1%) $171,738 (-0.3%) 0.00 112
    2020-01-01 $149,700 (3.2%) $177,367 (5.2%) 0.00 107
    2020-02-01 $152,450 (-3.5%) $181,015 (2.5%) 0.00 105
    2020-03-01 $143,250 (-10.0%) $178,945 (-3.2%) 0.00 108
    2020-04-01 $146,175 (-4.4%) $184,298 (-0.6%) 0.00 98
    2020-05-01 $140,450 (-3.1%) $188,682 (1.8%) 0.00 79
    2020-06-01 $151,850 (5.5%) $202,494 (11.4%) 0.00 74
    2020-07-01 $143,450 (-0.7%) $196,947 (10.0%) 0.00 74
    2020-08-01 $149,900 (0.9%) $211,987 (15.1%) 0.00 67
    2020-09-01 $167,000 (14.0%) $223,630 (24.7%) 0.00 76
    2020-10-01 $176,000 (19.2%) $236,026 (33.3%) 0.00 72
    2020-11-01 $181,250 (18.9%) $238,689 (35.0%) 0.00 61
    2020-12-01 $197,750 (34.8%) $244,205 (42.2%) 0.00 47
    2021-01-01 $204,950 (36.9%) $263,090 (48.3%) 0.00 46
    2021-02-01 $189,950 (24.6%) $273,257 (51.0%) 0.00 44
    2021-03-01 $198,225 (38.4%) $273,991 (53.1%) 0.00 40
    2021-04-01 $190,000 (30.0%) $265,706 (44.2%) 0.00 37
    2021-05-01 $177,000 (26.0%) $278,833 (47.8%) 0.00 34
    2021-06-01 $182,425 (20.1%) $279,407 (38.0%) 0.00 38
    2021-07-01 $202,450 (41.1%) $286,019 (45.2%) 0.00 47
    2021-08-01 $227,225 (51.6%) $278,313 (31.3%) 0.00 55
    2021-09-01 $207,250 (24.1%) $255,661 (14.3%) 0.00 68
    2021-10-01 $196,500 (11.7%) $246,172 (4.3%) 0.00 69
    2021-11-01 $223,500 (23.3%) $262,329 (9.9%) 0.00 70
    2021-12-01 $224,725 (13.6%) $260,020 (6.5%) 0.00 63
    2022-01-01 $207,250 (1.1%) $246,776 (-6.2%) 0.00 53
    2022-02-01 $215,475 (13.4%) $244,137 (-10.7%) 0.00 38
    2022-03-01 $232,500 (17.3%) $252,248 (-7.9%) 0.00 39
    2022-04-01 $222,500 (17.1%) $247,896 (-6.7%) 0.00 51
    2022-05-01 $227,450 (28.5%) $243,157 (-12.8%) 0.00 64
    2022-06-01 $224,975 (23.3%) $263,545 (-5.7%) 0.00 76
    2022-07-01 $219,000 (8.2%) $261,455 (-8.6%) 0.00 91
    2022-08-01 $225,000 (-1.0%) $293,352 (5.4%) 0.00 93
    2022-09-01 $226,225 (9.2%) $292,795 (14.5%) 0.00 93
    2022-10-01 $230,000 (17.1%) $293,620 (19.3%) 0.00 89
    2022-11-01 $213,350 (-4.5%) $299,073 (14.0%) 0.00 86
    2022-12-01 $220,000 (-2.1%) $299,107 (15.0%) 0.00 81
    2023-01-01 $224,750 (8.4%) $307,006 (24.4%) 0.00 82
    2023-02-01 $236,000 (9.5%) $319,307 (30.8%) 0.00 73
    2023-03-01 $249,500 (7.3%) $366,582 (45.3%) 0.00 58
    2023-04-01 $249,700 (12.2%) $352,320 (42.1%) 0.00 62
    2023-05-01 $249,500 (9.7%) $332,625 (36.8%) 0.00 68
    2023-06-01 $240,225 (6.8%) $320,394 (21.6%) 0.00 69
    2023-07-01 $214,900 (-1.9%) $311,530 (19.2%) 0.00 75
    2023-08-01 $204,950 (-8.9%) $293,654 (0.1%) 0.00 92
    2023-09-01 $217,450 (-3.9%) $277,098 (-5.4%) 0.00 93
    2023-10-01 $240,225 (4.5%) $283,765 (-3.4%) 0.00 111
    2023-11-01 $235,000 (10.2%) $284,214 (-5.0%) 0.00 121
    2023-12-01 $237,000 (7.7%) $283,968 (-5.1%) 0.00 119
    2024-01-01 $243,700 (8.4%) $289,423 (-5.7%) 0.00 103
    2024-02-01 $245,000 (3.8%) $295,226 (-7.5%) 0.00 110
    2024-03-01 $235,000 (-5.8%) $290,997 (-20.6%) 0.00 102
    2024-04-01 $243,675 (-2.4%) $296,606 (-15.8%) 0.00 99
    2024-05-01 $263,250 (5.5%) $327,650 (-1.5%) 0.00 107
    2024-06-01 $250,000 (4.1%) $314,105 (-2.0%) 0.00 109
    2024-07-01 $242,500 (12.8%) $306,910 (-1.5%) 0.00 133
    2024-08-01 $242,500 (18.3%) $315,608 (7.5%) 0.00 130
    2024-09-01 $239,900 (10.3%) $298,359 (7.7%) 0.00 145
    2024-10-01 $246,250 (2.5%) $294,527 (3.8%) 0.00 160
    2024-11-01 $250,000 (6.4%) $300,707 (5.8%) 0.00 172
    2024-12-01 $249,500 (5.3%) $285,886 (0.7%) 0.00 147
    2025-01-01 $249,800 (2.5%) $285,972 (-1.2%) 0.00 138
    2025-02-01 $254,900 (4.0%) $285,690 (-3.2%) 0.00 121
    2025-03-01 $251,750 (7.1%) $288,567 (-0.8%) 0.00 121
    Mount Sterling's median listing price for 2025-03-01 was $251,750, a difference of $16,750 (7.1%) versus the prior year and $-3,150 versus the prior month.

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

    Mount Sterling's average listing price for 2025-03-01 was $288,567, a difference of $-2,430 (-0.8%) versus the prior year and $2,877 versus the prior month.

    For the 2025-03-01 period, Mount Sterling had 121 MLS listings, a difference of 0 listings (0%) versus the prior month and 19 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mount Sterling (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,463 sqft
    2018-02-01 0 days 1,501 sqft
    2018-03-01 0 days 1,560 sqft
    2018-04-01 0 days 1,596 sqft
    2018-05-01 0 days 1,600 sqft
    2018-06-01 0 days 1,600 sqft
    2018-07-01 0 days 1,627 sqft
    2018-08-01 0 days 1,720 sqft
    2018-09-01 0 days 1,674 sqft
    2018-10-01 0 days 1,614 sqft
    2018-11-01 0 days 1,592 sqft
    2018-12-01 0 days 1,586 sqft
    2019-01-01 0 days 1,620 sqft
    2019-02-01 0 days 1,680 sqft
    2019-03-01 0 days 1,680 sqft
    2019-04-01 0 days 1,680 sqft
    2019-05-01 0 days 1,680 sqft
    2019-06-01 0 days 1,650 sqft
    2019-07-01 0 days 1,607 sqft
    2019-08-01 0 days 1,636 sqft
    2019-09-01 0 days 1,616 sqft
    2019-10-01 0 days 1,602 sqft
    2019-11-01 0 days 1,600 sqft
    2019-12-01 0 days 1,646 sqft
    2020-01-01 0 days 1,605 sqft
    2020-02-01 0 days 1,670 sqft
    2020-03-01 0 days 1,626 sqft
    2020-04-01 0 days 1,584 sqft
    2020-05-01 0 days 1,684 sqft
    2020-06-01 0 days 1,678 sqft
    2020-07-01 0 days 1,638 sqft
    2020-08-01 0 days 1,633 sqft
    2020-09-01 0 days 1,664 sqft
    2020-10-01 0 days 1,738 sqft
    2020-11-01 0 days 1,744 sqft
    2020-12-01 0 days 1,779 sqft
    2021-01-01 0 days 1,900 sqft
    2021-02-01 0 days 1,692 sqft
    2021-03-01 0 days 1,733 sqft
    2021-04-01 0 days 1,633 sqft
    2021-05-01 0 days 1,600 sqft
    2021-06-01 0 days 1,684 sqft
    2021-07-01 0 days 1,756 sqft
    2021-08-01 0 days 1,812 sqft
    2021-09-01 0 days 1,770 sqft
    2021-10-01 0 days 1,588 sqft
    2021-11-01 0 days 1,806 sqft
    2021-12-01 0 days 1,791 sqft
    2022-01-01 0 days 1,605 sqft
    2022-02-01 0 days 1,634 sqft
    2022-03-01 0 days 1,800 sqft
    2022-04-01 0 days 1,687 sqft
    2022-05-01 0 days 1,769 sqft
    2022-06-01 0 days 1,624 sqft
    2022-07-01 0 days 1,560 sqft
    2022-08-01 0 days 1,620 sqft
    2022-09-01 0 days 1,713 sqft
    2022-10-01 0 days 1,701 sqft
    2022-11-01 0 days 1,677 sqft
    2022-12-01 0 days 1,680 sqft
    2023-01-01 0 days 1,770 sqft
    2023-02-01 0 days 1,715 sqft
    2023-03-01 0 days 1,695 sqft
    2023-04-01 0 days 1,822 sqft
    2023-05-01 0 days 1,780 sqft
    2023-06-01 0 days 1,709 sqft
    2023-07-01 0 days 1,560 sqft
    2023-08-01 0 days 1,493 sqft
    2023-09-01 0 days 1,500 sqft
    2023-10-01 0 days 1,533 sqft
    2023-11-01 0 days 1,521 sqft
    2023-12-01 0 days 1,533 sqft
    2024-01-01 0 days 1,536 sqft
    2024-02-01 0 days 1,495 sqft
    2024-03-01 0 days 1,474 sqft
    2024-04-01 0 days 1,526 sqft
    2024-05-01 0 days 1,536 sqft
    2024-06-01 0 days 1,532 sqft
    2024-07-01 0 days 1,500 sqft
    2024-08-01 0 days 1,500 sqft
    2024-09-01 0 days 1,459 sqft
    2024-10-01 0 days 1,478 sqft
    2024-11-01 0 days 1,482 sqft
    2024-12-01 0 days 1,490 sqft
    2025-01-01 0 days 1,492 sqft
    2025-02-01 0 days 1,529 sqft
    2025-03-01 0 days 1,518 sqft
    Mount Sterling's median listing age (time on market) for 2025-03-01 was 0 days.

    Mount Sterling's median square footage for active listings during the 2025-03-01 period was 1,518 sqft. One year prior, the average listing was 1,474 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.