Omaha VA Loan Rates, Closing Costs & Stats

OMAHA-COUNCIL BLUFFS, NE-IA

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    • 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.

    Omaha's 97 lenders originated 1,685 VA loans during 2023. The total origination value was $553,885,000, with an average VA loan value of $328,715.

    Omaha VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Omaha averaged 6.69% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Omaha's average VA mortgage closing costs are $5,401.

    The average rate for the prior week (2024-07-12) was 6.53% and one month ago for the week of 2024-06-14, the average rate was 6.39%.

    The average rate one year ago was 6.77%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.98%.

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

    Omaha 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 Omaha level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 373 6.50% $6,676
    NAVY FEDERAL CREDIT UNION 72 5.86% $5,868
    QUICKEN LOANS, LLC 72 6.24% $11,089
    UNITED WHOLESALE MORTGAGE, LLC 67 6.39% $7,661
    GUARANTEED RATE, INC. 66 6.47% $8,126
    CMG MORTGAGE, INC. 51 6.31% $9,148
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 43 6.53% $8,204
    First National Bank of Omaha 43 6.60% $9,541
    Access Bank 43 6.41% $8,700
    Core Bank 42 6.09% $7,392
    CHARTER WEST BANK 37 6.43% $7,963
    GUILD MORTGAGE COMPANY 36 6.38% $10,313
    DHI MORTGAGE COMPANY, LTD. 35 5.33% $11,452
    USAA Federal Savings Bank 35 6.40% $9,126
    PENNYMAC LOAN SERVICES, LLC 30 5.65% $11,223
    FREEDOM MORTGAGE CORPORATION 28 6.40% $15,788
    West Gate Bank 27 5.88% $8,319
    Regent Financial Group, Inc. 26 6.72% $11,240
    MORIA DEVELOPMENT, INC. 25 6.55% $9,007
    Prosperity Home Mortgage, LLC 25 6.14% $6,942
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 23 6.63% $7,132
    VERIDIAN CREDIT UNION 22 5.49% $8,508
    NEWREZ LLC 20 6.62% $13,676
    Wells Fargo Bank 19 5.65% $6,777
    NEW DAY FINANCIAL, LLC 18 7.66% $11,582
    The Federal Savings Bank 16 6.41% $15,574
    LOANDEPOT.COM, LLC 15 6.09% $11,848
    MUTUAL OF OMAHA MORTGAGE, INC. 14 6.46% $9,466
    Mr. Cooper ( Nationstar Mortgage ) 14 6.33% $11,616
    NBKC BANK 11 5.75% $9,263
    Cobalt Credit Union 11 5.60% $4,618
    Pinnacle Bank 10 6.18% $5,183
    U.S. Bank 9 6.63% $7,378
    Citizens Bank 9 6.24% $13,349
    PENTAGON FEDERAL CREDIT UNION 9 5.99% $7,068
    CHURCHILL MORTGAGE CORPORATION 9 6.64% $9,213
    Flagstar Bank, FSB 9 6.49% $7,490
    Lincoln FSB of Nebraska 8 6.27% $6,833
    Plains Commerce Bank 8 6.42% $3,464
    Arbor Bank 8 6.48% $5,339
    Gateway First Bank 8 6.03% $4,587
    VILLAGE CAPITAL MORTGAGE 7 5.91% $6,794
    GERSHMAN INVESTMENT CORP. 7 6.32% $5,616
    MORTGAGE SOLUTIONS OF COLORADO, LLC 7 7.91% $1,264
    AMERISAVE MORTGAGE CORPORATION 6 6.10% $15,099
    LAKEVIEW LOAN SERVICING, LLC 6 6.42% $10,641
    FLAT BRANCH MORTGAGE, INC. 6 6.92% $10,659
    American National Bank 6 6.85% $10,610
    First Bank 6 6.35% $4,757
    MOVEMENT MORTGAGE, LLC 6 6.52% $12,735
    Barrington Bank & Trust Company, N.A. 5 6.85% $8,632
    BROKER SOLUTIONS, INC. 5 6.20% $12,287
    Flanagan State Bank 5 7.05% $4,421
    Paramount Residential Mortgage Group, Inc. 5 5.65% $8,442
    CENTRIS FEDERAL CREDIT UNION 4 7.13% $5,337
    American Mortgage & Equity Consultants, Inc. 4 6.78% $13,642
    CASTLE & COOKE MORTGAGE, LLC 4 6.88% $3,438
    CARDINAL FINANCIAL 3 6.08% $11,723
    BNC National Bank 3 5.75% $8,775
    PREMIA MORTGAGE, LLC 3 6.13% $1,898
    The Central Trust Bank 2 5.88% $8,567
    Financial Funding Solutions, Inc. 2 6.69% $1,279
    AMCAP MORTGAGE, LTD. 2 7.31% $5,369
    Truist 2 6.25% $8,955
    Union Bank and Trust Company 2 6.19% $5,044
    Armed Forces Bank 2 6.00% $7,726
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.69% $2,779
    CROSSCOUNTRY MORTGAGE, LLC 2 6.97% $6,657
    CORNERSTONE HOME LENDING, INC. 2 6.37% $9,941
    LIBERTY FIRST 2 6.38% $2,681
    CALIBER HOME LOANS, INC. 2 6.25% $8,182
    First Federal Bank 2 6.25% $6,392
    Security First Bank 2 6.00% $6,378
    SIRVA MORTGAGE, INC. 2 6.25% $14,452
    Magnolia Bank 2 6.13% $11,040
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $14,865
    Bank of England 1 5.63% $13,109
    Ixonia Bank 1 7.75% $14,527
    HOMESIDE FINANCIAL, LLC 1 7.25% $18,852
    First Savings Bank 1 5.25% $11,711
    First National Bank and Trust Company 1 7.00% $4,260
    FIRST COMMUNITY MORTGAGE, INC. 1 7.63% $10,019
    NBH Bank 1 7.75% $20,556
    Cornerstone First Mortgage, Inc 1 5.75% $5,823
    Northpointe Bank 1 6.00% $10,429
    Oakstar Bank 1 5.75% $2,612
    Capital Bank 1 4.88% $8,861
    PLANET HOME LENDING, LLC 1 6.25% $2,118
    PLAZA HOME MORTGAGE, INC. 1 5.99% $6,409
    Bell Bank 1 6.50% $6,463
    SUMMIT FUNDING, INC. 1 5.63% $19,503
    BAY EQUITY LLC 1 5.75% $10,689
    TRISTAR FINANCE, INC. 1 5.63% $4,718
    TruHome Solutions, LLC 1 6.50% $4,050
    Academy Bank 1 7.00% $7,119
    LEADERONE FINANCIAL CORPORATION 1 6.25% $12,826
    AmeriHome Mortgage Company, LLC 1 6.00% $649

    The top Omaha VA lender as defined by loan originations is Mortgage Research Center, LLC, with 373 VA loans originated. Their average total fees are $6,676, which is $808 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Omaha VA lenders (with over 10 loans originated) are Cobalt Credit Union ($4,618), Pinnacle Bank ($5,183), NAVY FEDERAL CREDIT UNION ($5,868), Mortgage Research Center, LLC ($6,676) and Wells Fargo Bank ($6,777).

    The lowest rate Omaha VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.33%), VERIDIAN CREDIT UNION (5.49%), Cobalt Credit Union (5.60%), Wells Fargo Bank (5.65%) and PENNYMAC LOAN SERVICES, LLC (5.65%).

    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.