Murray VA Loan Rates, Closing Costs & Stats
Murray, 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.
Murray's 18 lenders originated 42 VA loans during 2024. The total origination value was $10,430,000, with an average VA loan value of $248,333.
Murray VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Murray
averaged
6.39%
for the week of 2025-04-04, compared to the national average (all VA variants) of
6.06% for the same period.
Murray's average VA mortgage closing costs are $5,199.
The average rate for the prior week (2025-03-28) was
6.71% and
one month ago for the week of 2025-02-28, the
average rate was 6.88%.
The average rate one year ago was 7.09%.
For refis of the same type during the week of 2025-04-04, the average rate
was 5.96%.
Murray 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 Murray level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 14 | 6.65% | $4,422 |
| FREEDOM MORTGAGE CORPORATION | 4 | 6.31% | $4,592 |
| QUICKEN LOANS, LLC | 4 | 6.15% | $7,795 |
| NAVY FEDERAL CREDIT UNION | 3 | 6.04% | $2,351 |
| Magnolia Bank | 3 | 6.25% | $4,576 |
| STOCKTON MORTGAGE CORPORATION | 2 | 7.00% | $13,656 |
| PHH Mortgage Corporation | 1 | 5.49% | $5,412 |
| Regions Bank | 1 | 6.75% | $5,867 |
| The Federal Savings Bank | 1 | 6.25% | $13,969 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.00% | $9,750 |
| U.S. Bank | 1 | 5.25% | $23,983 |
| AmeriHome Mortgage Company, LLC | 1 | 5.99% | $4,944 |
| VILLAGE CAPITAL MORTGAGE | 1 | 6.25% | $4,183 |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 5.49% | $4,464 |
| CLEARPATH LENDING | 1 | 5.75% | $6,225 |
| FIRST COMMUNITY MORTGAGE, INC. | 1 | 5.75% | $3,456 |
| First Federal Bank | 1 | 5.50% | $3,138 |
| NEWREZ LLC | 1 | 5.75% | $4,068 |
The top Murray VA lender as defined by loan originations is Mortgage Research Center, LLC, with
14 VA loans originated. Their average total fees are
$4,422, which is $170
lower than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Murray VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($4,422), .
The lowest rate Murray VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.65%), .