Omaha VA Loans
OMAHA-COUNCIL BLUFFS, NE-IA
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 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.
Omaha's 144 lenders originated 5,218 VA loans during 2021. The total origination value was $1,348,650,000, with an average VA loan value of $258,461.
Omaha VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Omaha
averaged
5.52%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.65% and
one month ago for the week of 2022-04-08, the
average rate was 4.77%.
The average rate one year ago was 3.18%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.14%.
Omaha VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Omaha level.
The top Omaha VA lender as defined by loan originations is Mortgage Research Center, LLC, with
610 VA loans originated. Their average total fees are
$5,627, which is $1,272
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Omaha VA lenders (with over 10 loans originated) are
PENTAGON FEDERAL CREDIT UNION ($1,972), LAKEVIEW LOAN SERVICING, LLC ($2,361), FREEDOM MORTGAGE CORPORATION ($2,643), KS StateBank ($2,656) and VILLAGE CAPITAL & INVESTMENT LLC ($3,124).
The lowest rate Omaha VA lenders (with over 10 loans originated) are
VERIDIAN CREDIT UNION (2.23%), LIBERTY FIRST (2.24%), West Gate Bank (2.24%), PENTAGON FEDERAL CREDIT UNION (2.31%) and CLEARPATH LENDING (2.31%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Omaha (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 | $263,650 (12.3%) | $318,021 (11.7%) | 0.97 | 2,079 |
2018-02-01 | $276,975 (8.6%) | $330,951 (11.1%) | 1.00 | 1,914 |
2018-03-01 | $285,000 (6.6%) | $340,158 (11.5%) | 0.99 | 1,955 |
2018-04-01 | $292,700 (8.4%) | $356,711 (14.8%) | 0.98 | 2,036 |
2018-05-01 | $291,000 (6.8%) | $338,709 (6.3%) | 0.97 | 2,166 |
2018-06-01 | $289,900 (7.0%) | $342,042 (7.2%) | 0.97 | 2,442 |
2018-07-01 | $285,000 (6.0%) | $339,607 (7.1%) | 0.95 | 2,615 |
2018-08-01 | $285,000 (9.9%) | $335,826 (8.0%) | 0.95 | 2,731 |
2018-09-01 | $279,000 (7.5%) | $328,655 (5.4%) | 0.93 | 2,889 |
2018-10-01 | $269,700 (5.6%) | $321,402 (3.5%) | 0.90 | 2,958 |
2018-11-01 | $268,250 (2.2%) | $319,770 (0.3%) | 0.90 | 2,888 |
2018-12-01 | $275,900 (6.9%) | $325,412 (3.1%) | 0.94 | 2,518 |
2019-01-01 | $280,456 (6.4%) | $325,685 (2.4%) | 0.97 | 2,231 |
2019-02-01 | $287,500 (3.8%) | $331,714 (0.2%) | 0.96 | 2,078 |
2019-03-01 | $299,633 (5.1%) | $340,832 (0.2%) | 0.98 | 2,020 |
2019-04-01 | $308,405 (5.4%) | $346,156 (-3.0%) | 0.97 | 1,995 |
2019-05-01 | $300,000 (3.1%) | $347,799 (2.7%) | 0.92 | 2,149 |
2019-06-01 | $294,500 (1.6%) | $346,625 (1.3%) | 0.91 | 2,296 |
2019-07-01 | $298,250 (4.7%) | $351,105 (3.4%) | 0.93 | 2,400 |
2019-08-01 | $291,329 (2.2%) | $344,570 (2.6%) | 0.92 | 2,495 |
2019-09-01 | $279,925 (0.3%) | $332,123 (1.1%) | 0.89 | 2,619 |
2019-10-01 | $279,450 (3.6%) | $328,043 (2.1%) | 0.89 | 2,761 |
2019-11-01 | $279,900 (4.3%) | $328,850 (2.8%) | 0.90 | 2,552 |
2019-12-01 | $280,950 (1.8%) | $329,123 (1.1%) | 0.94 | 2,258 |
2020-01-01 | $289,590 (3.3%) | $338,110 (3.8%) | 0.97 | 1,986 |
2020-02-01 | $303,600 (5.6%) | $348,737 (5.1%) | 0.98 | 1,861 |
2020-03-01 | $305,000 (1.8%) | $356,036 (4.5%) | 0.95 | 1,912 |
2020-04-01 | $305,763 (-0.9%) | $354,090 (2.3%) | 0.95 | 2,013 |
2020-05-01 | $315,000 (5.0%) | $363,143 (4.4%) | 0.95 | 1,916 |
2020-06-01 | $320,000 (8.7%) | $370,249 (6.8%) | 0.93 | 1,727 |
2020-07-01 | $323,740 (8.6%) | $375,604 (7.0%) | 0.93 | 1,643 |
2020-08-01 | $314,060 (7.8%) | $367,416 (6.6%) | 0.90 | 1,511 |
2020-09-01 | $308,450 (10.2%) | $368,726 (11.0%) | 0.88 | 1,503 |
2020-10-01 | $295,000 (5.6%) | $363,647 (10.9%) | 0.84 | 1,465 |
2020-11-01 | $288,250 (3.0%) | $356,352 (8.4%) | 0.83 | 1,368 |
2020-12-01 | $290,700 (3.5%) | $358,564 (9.0%) | 0.85 | 1,260 |
2021-01-01 | $309,400 (6.8%) | $366,368 (8.4%) | 0.91 | 1,041 |
2021-02-01 | $321,725 (6.0%) | $383,297 (9.9%) | 0.93 | 831 |
2021-03-01 | $318,200 (4.3%) | $381,018 (7.0%) | 0.89 | 867 |
2021-04-01 | $311,125 (1.8%) | $383,329 (8.3%) | 0.84 | 899 |
2021-05-01 | $300,000 (-4.8%) | $388,139 (6.9%) | 0.79 | 930 |
2021-06-01 | $296,950 (-7.2%) | $379,589 (2.5%) | 0.77 | 1,021 |
2021-07-01 | $288,563 (-10.9%) | $369,790 (-1.6%) | 0.75 | 1,155 |
2021-08-01 | $289,950 (-7.7%) | $366,954 (-0.1%) | 0.76 | 1,200 |
2021-09-01 | $292,000 (-5.3%) | $361,396 (-2.0%) | 0.77 | 1,253 |
2021-10-01 | $285,000 (-3.4%) | $362,149 (-0.4%) | 0.75 | 1,240 |
2021-11-01 | $291,750 (1.2%) | $363,706 (2.1%) | 0.77 | 1,136 |
2021-12-01 | $300,000 (3.2%) | $372,091 (3.8%) | 0.80 | 901 |
2022-01-01 | $370,000 (19.6%) | $411,182 (12.2%) | 0.99 | 683 |
2022-02-01 | $389,480 (21.1%) | $424,584 (10.8%) | 0.99 | 619 |
2022-03-01 | $377,563 (18.7%) | $421,525 (10.6%) | 0.93 | 655 |
2022-04-01 | $375,000 (20.5%) | $425,165 (10.9%) | 0.88 | 724 |
Omaha's median listing price comes in at 88% of the national average.
Omaha's average listing price for 2022-04-01 was $425,165, a difference of $41,836 (10.9%) versus the prior year and $3,640 versus the prior month.
For the 2022-04-01 period, Omaha had 724 MLS listings, a difference of 69 listings (11%) versus the prior month and -175 listings (-19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Omaha (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 63 days | 2,044 sqft |
2018-02-01 | 57 days | 2,144 sqft |
2018-03-01 | 44 days | 2,256 sqft |
2018-04-01 | 37 days | 2,339 sqft |
2018-05-01 | 37 days | 2,310 sqft |
2018-06-01 | 25 days | 2,332 sqft |
2018-07-01 | 30 days | 2,302 sqft |
2018-08-01 | 31 days | 2,306 sqft |
2018-09-01 | 37 days | 2,257 sqft |
2018-10-01 | 38 days | 2,189 sqft |
2018-11-01 | 42 days | 2,153 sqft |
2018-12-01 | 54 days | 2,121 sqft |
2019-01-01 | 57 days | 2,118 sqft |
2019-02-01 | 46 days | 2,179 sqft |
2019-03-01 | 55 days | 2,260 sqft |
2019-04-01 | 32 days | 2,357 sqft |
2019-05-01 | 29 days | 2,359 sqft |
2019-06-01 | 30 days | 2,291 sqft |
2019-07-01 | 33 days | 2,344 sqft |
2019-08-01 | 36 days | 2,287 sqft |
2019-09-01 | 37 days | 2,184 sqft |
2019-10-01 | 35 days | 2,165 sqft |
2019-11-01 | 46 days | 2,140 sqft |
2019-12-01 | 59 days | 2,107 sqft |
2020-01-01 | 62 days | 2,153 sqft |
2020-02-01 | 49 days | 2,195 sqft |
2020-03-01 | 47 days | 2,225 sqft |
2020-04-01 | 41 days | 2,271 sqft |
2020-05-01 | 48 days | 2,344 sqft |
2020-06-01 | 49 days | 2,327 sqft |
2020-07-01 | 44 days | 2,329 sqft |
2020-08-01 | 45 days | 2,254 sqft |
2020-09-01 | 45 days | 2,196 sqft |
2020-10-01 | 46 days | 2,100 sqft |
2020-11-01 | 48 days | 2,016 sqft |
2020-12-01 | 50 days | 1,984 sqft |
2021-01-01 | 56 days | 1,980 sqft |
2021-02-01 | 58 days | 2,090 sqft |
2021-03-01 | 46 days | 2,127 sqft |
2021-04-01 | 39 days | 2,128 sqft |
2021-05-01 | 38 days | 2,161 sqft |
2021-06-01 | 35 days | 2,118 sqft |
2021-07-01 | 34 days | 2,031 sqft |
2021-08-01 | 35 days | 2,035 sqft |
2021-09-01 | 36 days | 1,956 sqft |
2021-10-01 | 38 days | 1,960 sqft |
2021-11-01 | 42 days | 1,914 sqft |
2021-12-01 | 50 days | 1,925 sqft |
2022-01-01 | 49 days | 2,092 sqft |
2022-02-01 | 40 days | 2,191 sqft |
2022-03-01 | 35 days | 2,165 sqft |
2022-04-01 | 32 days | 2,170 sqft |
Omaha's median square footage for active listings during the 2022-04-01 period was 2,170 sqft. One year prior, the average listing was 2,128 sqft.