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 21 lenders originated 46 VA loans during 2023. The total origination value was $11,360,000, with an average VA loan value of $246,957.
Murray VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Murray
averaged
0.24%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Murray's average VA mortgage closing costs are $5,115.
The average rate for the prior week (2024-11-22) was
6.51% and
one month ago for the week of 2024-10-25, the
average rate was 6.3%.
The average rate one year ago was 7.15%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.2%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
Mortgage Research Center, LLC | 7 | 6.71% | $3,260 |
QUICKEN LOANS, LLC | 5 | 5.67% | $7,747 |
NAVY FEDERAL CREDIT UNION | 5 | 5.63% | $3,093 |
GERSHMAN INVESTMENT CORP. | 3 | 6.46% | $3,217 |
U.S. Bank | 3 | 6.92% | $6,972 |
UNITED WHOLESALE MORTGAGE, LLC | 2 | 7.00% | $9,127 |
FirstTrust Home Loans, Inc. | 2 | 7.06% | $5,789 |
LOANDEPOT.COM, LLC | 2 | 6.31% | $10,119 |
FREEDOM MORTGAGE CORPORATION | 2 | 6.25% | $13,259 |
VILLAGE CAPITAL MORTGAGE | 2 | 6.25% | $4,427 |
Barrington Bank & Trust Company, N.A. | 1 | 5.75% | $9,651 |
Wells Fargo Bank | 1 | 5.63% | $7,572 |
CRESCENT MORTGAGE COMPANY | 1 | 6.75% | $1,210 |
First Federal Bank | 1 | 6.50% | $7,264 |
F&M Bank | 1 | 5.50% | $9,122 |
JPMorgan Chase Bank | 1 | 8.25% | $1,369 |
NEW DAY FINANCIAL, LLC | 1 | 8.75% | $12,170 |
Paramount Residential Mortgage Group, Inc. | 1 | 6.75% | $4,983 |
The Federal Savings Bank | 1 | 6.75% | $6,018 |
TOP FLITE FINANCIAL, INC. | 1 | 6.63% | $4,976 |
USAA Federal Savings Bank | 1 | 5.63% | $13,110 |
The top Murray VA lender as defined by loan originations is Mortgage Research Center, LLC, with
7 VA loans originated. Their average total fees are
$3,260, which is $4,487
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Murray VA lenders (with over 10 loans originated) are
.
The lowest rate Murray VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Murray (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $171,575 (4.3%) | $240,022 (-3.6%) | 0.00 | 193 |
2018-02-01 | $178,250 (5.3%) | $248,314 (-5.0%) | 0.00 | 181 |
2018-03-01 | $169,450 (-8.5%) | $245,490 (-9.1%) | 0.00 | 202 |
2018-04-01 | $170,000 (-6.9%) | $242,837 (-7.6%) | 0.00 | 230 |
2018-05-01 | $168,750 (-9.8%) | $241,861 (-8.3%) | 0.00 | 240 |
2018-06-01 | $169,900 (-12.3%) | $244,380 (-8.9%) | 0.00 | 231 |
2018-07-01 | $179,225 (-10.3%) | $242,195 (-10.5%) | 0.00 | 229 |
2018-08-01 | $181,200 (-3.8%) | $242,618 (-6.9%) | 0.00 | 233 |
2018-09-01 | $189,000 (1.0%) | $249,019 (-4.4%) | 0.00 | 228 |
2018-10-01 | $190,950 (4.6%) | $252,500 (-2.0%) | 0.00 | 218 |
2018-11-01 | $190,175 (7.8%) | $250,809 (-0.4%) | 0.00 | 210 |
2018-12-01 | $189,900 (5.8%) | $257,420 (5.6%) | 0.00 | 192 |
2019-01-01 | $189,900 (10.7%) | $256,261 (6.8%) | 0.00 | 186 |
2019-02-01 | $182,475 (2.4%) | $251,678 (1.4%) | 0.00 | 184 |
2019-03-01 | $182,643 (7.8%) | $248,677 (1.3%) | 0.00 | 200 |
2019-04-01 | $184,900 (8.8%) | $248,139 (2.2%) | 0.00 | 221 |
2019-05-01 | $185,500 (9.9%) | $250,104 (3.4%) | 0.00 | 232 |
2019-06-01 | $188,000 (10.7%) | $255,794 (4.7%) | 0.00 | 232 |
2019-07-01 | $189,450 (5.7%) | $259,333 (7.1%) | 0.00 | 232 |
2019-08-01 | $193,864 (7.0%) | $266,491 (9.8%) | 0.00 | 216 |
2019-09-01 | $195,909 (3.7%) | $268,518 (7.8%) | 0.00 | 201 |
2019-10-01 | $196,023 (2.7%) | $263,913 (4.5%) | 0.00 | 186 |
2019-11-01 | $189,000 (-0.6%) | $246,705 (-1.6%) | 0.00 | 189 |
2019-12-01 | $188,200 (-0.9%) | $243,779 (-5.3%) | 0.00 | 181 |
2020-01-01 | $182,400 (-4.0%) | $242,515 (-5.4%) | 0.00 | 167 |
2020-02-01 | $189,450 (3.8%) | $269,642 (7.1%) | 0.00 | 125 |
2020-03-01 | $238,975 (30.8%) | $299,988 (20.6%) | 0.00 | 127 |
2020-04-01 | $244,200 (32.1%) | $303,025 (22.1%) | 0.00 | 116 |
2020-05-01 | $269,900 (45.5%) | $317,633 (27.0%) | 0.00 | 101 |
2020-06-01 | $264,825 (40.9%) | $332,525 (30.0%) | 0.00 | 88 |
2020-07-01 | $250,425 (32.2%) | $342,907 (32.2%) | 0.00 | 84 |
2020-08-01 | $289,000 (49.1%) | $374,312 (40.5%) | 0.00 | 84 |
2020-09-01 | $299,000 (52.6%) | $393,058 (46.4%) | 0.00 | 78 |
2020-10-01 | $303,500 (54.8%) | $393,339 (49.0%) | 0.00 | 73 |
2020-11-01 | $297,000 (57.1%) | $407,321 (65.1%) | 0.00 | 77 |
2020-12-01 | $249,250 (32.4%) | $391,928 (60.8%) | 0.00 | 76 |
2021-01-01 | $282,250 (54.7%) | $432,521 (78.4%) | 0.00 | 58 |
2021-02-01 | $295,000 (55.7%) | $504,397 (87.1%) | 0.00 | 46 |
2021-03-01 | $289,825 (21.3%) | $478,299 (59.4%) | 0.00 | 43 |
2021-04-01 | $319,000 (30.6%) | $429,961 (41.9%) | 0.00 | 40 |
2021-05-01 | $364,950 (35.2%) | $482,433 (51.9%) | 0.00 | 40 |
2021-06-01 | $252,250 (-4.8%) | $412,618 (24.1%) | 0.00 | 46 |
2021-07-01 | $222,450 (-11.2%) | $381,412 (11.2%) | 0.00 | 54 |
2021-08-01 | $225,975 (-21.8%) | $411,281 (9.9%) | 0.00 | 56 |
2021-09-01 | $227,475 (-23.9%) | $407,317 (3.6%) | 0.00 | 53 |
2021-10-01 | $249,450 (-17.8%) | $411,717 (4.7%) | 0.00 | 57 |
2021-11-01 | $234,250 (-21.1%) | $399,737 (-1.9%) | 0.00 | 59 |
2021-12-01 | $240,700 (-3.4%) | $409,292 (4.4%) | 0.00 | 63 |
2022-01-01 | $291,900 (3.4%) | $433,083 (0.1%) | 0.00 | 51 |
2022-02-01 | $321,950 (9.1%) | $472,520 (-6.3%) | 0.00 | 37 |
2022-03-01 | $328,000 (13.2%) | $448,002 (-6.3%) | 0.00 | 35 |
2022-04-01 | $282,000 (-11.6%) | $433,121 (0.7%) | 0.00 | 32 |
2022-05-01 | $312,425 (-14.4%) | $419,315 (-13.1%) | 0.00 | 40 |
2022-06-01 | $327,000 (29.6%) | $405,800 (-1.7%) | 0.00 | 44 |
2022-07-01 | $320,000 (43.9%) | $413,042 (8.3%) | 0.00 | 48 |
2022-08-01 | $323,700 (43.3%) | $421,968 (2.6%) | 0.00 | 50 |
2022-09-01 | $351,500 (54.5%) | $451,028 (10.7%) | 0.00 | 47 |
2022-10-01 | $343,750 (37.8%) | $416,985 (1.3%) | 0.00 | 53 |
2022-11-01 | $347,000 (48.1%) | $429,397 (7.4%) | 0.00 | 57 |
2022-12-01 | $299,000 (24.2%) | $394,205 (-3.7%) | 0.00 | 59 |
2023-01-01 | $279,950 (-4.1%) | $352,843 (-18.5%) | 0.00 | 53 |
2023-02-01 | $277,500 (-13.8%) | $362,915 (-23.2%) | 0.00 | 53 |
2023-03-01 | $329,250 (0.4%) | $376,964 (-15.9%) | 0.00 | 50 |
2023-04-01 | $345,000 (22.3%) | $395,176 (-8.8%) | 0.00 | 53 |
2023-05-01 | $342,500 (9.6%) | $419,506 (0.1%) | 0.00 | 47 |
2023-06-01 | $347,000 (6.1%) | $428,750 (5.7%) | 0.00 | 54 |
2023-07-01 | $382,000 (19.4%) | $449,241 (8.8%) | 0.00 | 62 |
2023-08-01 | $362,175 (11.9%) | $432,434 (2.5%) | 0.00 | 68 |
2023-09-01 | $337,000 (-4.1%) | $416,760 (-7.6%) | 0.00 | 76 |
2023-10-01 | $318,675 (-7.3%) | $396,340 (-5.0%) | 0.00 | 72 |
2023-11-01 | $321,200 (-7.4%) | $434,221 (1.1%) | 0.00 | 70 |
2023-12-01 | $320,000 (7.0%) | $443,119 (12.4%) | 0.00 | 65 |
2024-01-01 | $313,675 (12.1%) | $430,118 (21.9%) | 0.00 | 62 |
2024-02-01 | $320,625 (15.5%) | $438,878 (20.9%) | 0.00 | 56 |
2024-03-01 | $342,000 (3.9%) | $451,837 (19.9%) | 0.00 | 53 |
2024-04-01 | $325,000 (-5.8%) | $458,690 (16.1%) | 0.00 | 66 |
2024-05-01 | $319,975 (-6.6%) | $455,019 (8.5%) | 0.00 | 73 |
2024-06-01 | $329,000 (-5.2%) | $465,059 (8.5%) | 0.00 | 83 |
2024-07-01 | $349,725 (-8.5%) | $452,143 (0.7%) | 0.00 | 89 |
2024-08-01 | $350,000 (-3.4%) | $446,134 (3.2%) | 0.00 | 93 |
2024-09-01 | $295,700 (-12.3%) | $409,919 (-1.6%) | 0.00 | 88 |
2024-10-01 | $356,750 (12.0%) | $435,558 (9.9%) | 0.00 | 89 |
Murray's median listing price comes in at 0% of the national average.
Murray's average listing price for 2024-10-01 was $435,558, a difference of $39,218 (9.9%) versus the prior year and $25,639 versus the prior month.
For the 2024-10-01 period, Murray had 89 MLS listings, a difference of 1 listings (1%) versus the prior month and 17 listings (24%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Murray (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,916 sqft |
2018-02-01 | 0 days | 1,947 sqft |
2018-03-01 | 0 days | 1,902 sqft |
2018-04-01 | 0 days | 1,895 sqft |
2018-05-01 | 0 days | 1,892 sqft |
2018-06-01 | 0 days | 1,870 sqft |
2018-07-01 | 0 days | 1,876 sqft |
2018-08-01 | 0 days | 1,917 sqft |
2018-09-01 | 0 days | 1,930 sqft |
2018-10-01 | 0 days | 2,003 sqft |
2018-11-01 | 0 days | 2,018 sqft |
2018-12-01 | 0 days | 2,024 sqft |
2019-01-01 | 0 days | 2,032 sqft |
2019-02-01 | 0 days | 1,996 sqft |
2019-03-01 | 0 days | 1,947 sqft |
2019-04-01 | 0 days | 1,882 sqft |
2019-05-01 | 0 days | 1,925 sqft |
2019-06-01 | 0 days | 1,955 sqft |
2019-07-01 | 0 days | 2,025 sqft |
2019-08-01 | 0 days | 2,056 sqft |
2019-09-01 | 0 days | 2,074 sqft |
2019-10-01 | 0 days | 2,070 sqft |
2019-11-01 | 0 days | 2,026 sqft |
2019-12-01 | 0 days | 1,948 sqft |
2020-01-01 | 0 days | 1,869 sqft |
2020-02-01 | 0 days | 1,854 sqft |
2020-03-01 | 0 days | 2,025 sqft |
2020-04-01 | 0 days | 2,139 sqft |
2020-05-01 | 0 days | 2,290 sqft |
2020-06-01 | 0 days | 2,185 sqft |
2020-07-01 | 0 days | 2,149 sqft |
2020-08-01 | 0 days | 2,269 sqft |
2020-09-01 | 0 days | 2,208 sqft |
2020-10-01 | 0 days | 2,251 sqft |
2020-11-01 | 0 days | 2,391 sqft |
2020-12-01 | 0 days | 2,153 sqft |
2021-01-01 | 0 days | 2,506 sqft |
2021-02-01 | 0 days | 2,561 sqft |
2021-03-01 | 0 days | 2,433 sqft |
2021-04-01 | 0 days | 2,597 sqft |
2021-05-01 | 0 days | 2,640 sqft |
2021-06-01 | 0 days | 1,945 sqft |
2021-07-01 | 0 days | 1,748 sqft |
2021-08-01 | 0 days | 1,829 sqft |
2021-09-01 | 0 days | 1,816 sqft |
2021-10-01 | 0 days | 1,960 sqft |
2021-11-01 | 0 days | 1,868 sqft |
2021-12-01 | 0 days | 1,883 sqft |
2022-01-01 | 0 days | 2,093 sqft |
2022-02-01 | 0 days | 2,065 sqft |
2022-03-01 | 0 days | 2,035 sqft |
2022-04-01 | 0 days | 2,022 sqft |
2022-05-01 | 0 days | 2,189 sqft |
2022-06-01 | 0 days | 2,059 sqft |
2022-07-01 | 0 days | 2,100 sqft |
2022-08-01 | 0 days | 2,280 sqft |
2022-09-01 | 0 days | 2,280 sqft |
2022-10-01 | 0 days | 2,291 sqft |
2022-11-01 | 0 days | 2,294 sqft |
2022-12-01 | 0 days | 2,243 sqft |
2023-01-01 | 0 days | 2,004 sqft |
2023-02-01 | 0 days | 1,980 sqft |
2023-03-01 | 0 days | 2,257 sqft |
2023-04-01 | 0 days | 2,320 sqft |
2023-05-01 | 0 days | 2,594 sqft |
2023-06-01 | 0 days | 2,581 sqft |
2023-07-01 | 0 days | 2,597 sqft |
2023-08-01 | 0 days | 2,406 sqft |
2023-09-01 | 0 days | 2,336 sqft |
2023-10-01 | 0 days | 2,233 sqft |
2023-11-01 | 0 days | 2,236 sqft |
2023-12-01 | 0 days | 2,364 sqft |
2024-01-01 | 0 days | 2,260 sqft |
2024-02-01 | 0 days | 2,294 sqft |
2024-03-01 | 0 days | 2,240 sqft |
2024-04-01 | 0 days | 2,200 sqft |
2024-05-01 | 0 days | 2,241 sqft |
2024-06-01 | 0 days | 2,250 sqft |
2024-07-01 | 0 days | 2,132 sqft |
2024-08-01 | 0 days | 2,233 sqft |
2024-09-01 | 0 days | 2,173 sqft |
2024-10-01 | 0 days | 2,204 sqft |
Murray's median square footage for active listings during the 2024-10-01 period was 2,204 sqft. One year prior, the average listing was 2,233 sqft.