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 121 lenders originated 2,364 VA loans during 2022. The total origination value was $721,650,000, with an average VA loan value of $305,266.

    Omaha VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Omaha averaged -0.02% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Omaha's average VA mortgage closing costs are $5,129.

    The average rate for the prior week (2023-11-17) was 7.02% and one month ago for the week of 2023-10-20, the average rate was 6.95%.

    The average rate one year ago was 5.97%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.1%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 429 4.98% $6,913
    QUICKEN LOANS, LLC 108 4.27% $9,855
    NAVY FEDERAL CREDIT UNION 82 4.03% $6,700
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 77 4.80% $10,484
    FREEDOM MORTGAGE CORPORATION 74 4.40% $10,067
    USAA Federal Savings Bank 72 4.35% $7,160
    UNITED WHOLESALE MORTGAGE, LLC 69 4.22% $7,282
    CHARTER WEST BANK 66 4.79% $8,670
    CMG MORTGAGE, INC. 65 4.90% $7,874
    Core Bank 65 4.56% $7,378
    PENNYMAC LOAN SERVICES, LLC 61 3.50% $8,094
    NEWREZ LLC 59 4.31% $8,040
    First National Bank of Omaha 49 4.61% $7,553
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 44 4.80% $8,754
    NEW DAY FINANCIAL, LLC 43 5.20% $9,196
    Regent Financial Group, Inc. 41 4.86% $10,000
    Prosperity Home Mortgage, LLC 41 4.48% $7,589
    PENTAGON FEDERAL CREDIT UNION 40 4.19% $8,189
    LOANDEPOT.COM, LLC 40 3.88% $8,460
    MORIA DEVELOPMENT, INC. 32 5.10% $8,911
    West Gate Bank 31 4.42% $8,018
    Plains Commerce Bank 31 3.95% $8,298
    VERIDIAN CREDIT UNION 30 4.11% $6,383
    Access Bank 29 4.91% $7,086
    Wells Fargo Bank 28 4.27% $5,014
    DHI MORTGAGE COMPANY, LTD. 27 4.26% $11,327
    Arbor Bank 26 4.07% $7,908
    Mr. Cooper ( Nationstar Mortgage ) 26 5.02% $8,208
    GUILD MORTGAGE COMPANY 25 4.93% $9,219
    Flagstar Bank, FSB 24 3.75% $7,379
    American National Bank 22 5.02% $7,869
    CALIBER HOME LOANS, INC. 22 4.52% $7,659
    CHURCHILL MORTGAGE CORPORATION 19 4.64% $7,371
    The Federal Savings Bank 17 4.90% $14,215
    Citizens Bank 16 4.50% $7,876
    MOVEMENT MORTGAGE, LLC 15 4.63% $6,514
    AMCAP MORTGAGE, LTD. 14 4.81% $11,512
    CENTRIS FEDERAL CREDIT UNION 14 4.15% $5,896
    AMERISAVE MORTGAGE CORPORATION 14 5.08% $8,841
    GERSHMAN INVESTMENT CORP. 13 4.37% $8,594
    CLEARPATH LENDING 13 2.99% $13,361
    Pinnacle Bank 13 3.63% $4,914
    MUTUAL OF OMAHA MORTGAGE, INC. 13 4.63% $12,343
    NBKC BANK 12 4.19% $6,271
    Gateway First Bank 12 4.79% $6,764
    First Bank 12 4.40% $6,324
    FLAT BRANCH MORTGAGE, INC. 11 4.99% $5,712
    Cobalt Credit Union 11 3.76% $5,124
    BROKER SOLUTIONS, INC. 11 5.12% $12,118
    U.S. Bank 11 5.11% $6,850
    VILLAGE CAPITAL MORTGAGE 9 4.22% $8,530
    LAKEVIEW LOAN SERVICING, LLC 9 3.58% $6,874
    CASTLE & COOKE MORTGAGE, LLC 7 5.25% $10,072
    Barrington Bank & Trust Company, N.A. 7 4.38% $10,255
    Magnolia Bank 7 4.89% $12,252
    HOME POINT FINANCIAL CORPORATION 7 5.11% $8,046
    DELMAR FINANCIAL COMPANY 6 4.02% $9,403
    Lincoln FSB of Nebraska 6 4.63% $7,137
    Armed Forces Bank 6 4.13% $11,702
    GUARANTEED RATE, INC. 5 6.08% $7,620
    First State Bank 5 5.15% $11,738
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 6.22% $15,325
    PLANET HOME LENDING, LLC 4 4.00% $3,975
    North American Savings Bank, F.S.B. 4 5.25% $6,810
    Low VA Rates, LLC 3 5.83% $9,936
    AMERICAN FINANCING CORPORATION 3 3.50% $5,719
    CROSSCOUNTRY MORTGAGE, LLC 3 5.33% $8,104
    Flanagan State Bank 3 4.63% $12,833
    Frontier Bank 3 4.04% $2,220
    BNC National Bank 2 4.38% $2,999
    BAY EQUITY LLC 2 5.69% $4,776
    S1L, Inc. 2 4.19% $14,591
    SOVEREIGN LENDING GROUP INCORPORATED 2 4.38% $12,457
    Texana Bank 2 4.44% $10,442
    The Central Trust Bank 2 3.56% $5,725
    IMPAC MORTGAGE CORP. 1 4.50% $4,446
    Hometown Lenders, Inc. 1 3.88% $6,110
    Meridian Bank Corporation 1 4.25% $8,475
    HOMESIDE FINANCIAL, LLC 1 3.13% $19,141
    Goldwater Bank, N.A. 1 8.50% $9,946
    First Nebraska Bank 1 5.88% $2,127
    First Guaranty Mortgage Corporation 1 4.13% $3,240
    First Federal Bank of Kansas City 1 3.75% $3,328
    M&T Bank 1 3.25% $3,437
    First Federal Bank 1 4.63% $4,961
    FIRST COMMUNITY MORTGAGE, INC. 1 5.13% $11,562
    FirstBank 1 2.50% $1,671
    Neighborhood Loans, Inc. 1 4.38% $4,943
    FEDEX EMPLOYEES CREDIT ASSOCIATION 1 5.13% $13,928
    EVERETT FINANCIAL, INC. 1 3.13% $905
    Equity Prime Mortgage LLC 1 4.88% $26,846
    Northpointe Bank 1 5.25% $19,221
    Paramount Residential Mortgage Group, Inc. 1 6.25% $13,849
    Encompass Lending Group, LP 1 4.75% $8,145
    DAS Acquisition Company, LLC 1 4.13% $2,002
    Community First National Bank 1 4.75% $6,800
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.75% $7,044
    City Bank 1 5.38% $11,466
    PNC Bank 1 2.75% $4,086
    CHERRY CREEK MORTGAGE, LLC 1 6.13% $7,475
    Central National Bank 1 5.13% $2,383
    CENTENNIAL LENDING, LLC 1 3.13% $14,318
    RESIDENTIAL BANCORP 1 2.63% $3,548
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.13% $11,457
    Servion, Inc. 1 5.13% $11,461
    SIRVA MORTGAGE, INC. 1 4.50% $3,672
    Allied First Bank,sb 1 5.63% $13,832
    Sunflower Bank 1 4.49% $2,065
    AIR ACADEMY 1 2.75% $7,419
    Wyndham Capital Mortgage, Inc. 1 2.50% $3,669
    Carrington Mortgage Services, LLC 1 4.75% $6,802
    The Freedom Bank of Virginia 1 5.25% $18,099
    Union Bank and Trust Company 1 3.00% $5,755
    CARDINAL FINANCIAL 1 5.25% $37,410
    CALCON MUTUAL MORTGAGE LLC 1 5.13% $11,727
    Bank of the West 1 4.00% $9,470
    Ameris Bank 1 4.13% $4,306
    LEADERONE FINANCIAL CORPORATION 1 7.63% $5,887
    Lakeview Community Capital, LLC 1 5.13% $1,747
    Lincoln Savings Bank 1 4.00% $16,682
    IOWA BANKERS MORTGAGE CORPORATION 1 3.50% $17,918

    The top Omaha VA lender as defined by loan originations is Mortgage Research Center, LLC, with 429 VA loans originated. Their average total fees are $6,913, which is $2,941 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Omaha VA lenders (with over 10 loans originated) are Pinnacle Bank ($4,914), Wells Fargo Bank ($5,014), Cobalt Credit Union ($5,124), FLAT BRANCH MORTGAGE, INC. ($5,712) and CENTRIS FEDERAL CREDIT UNION ($5,896).

    The lowest rate Omaha VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.99%), PENNYMAC LOAN SERVICES, LLC (3.50%), Pinnacle Bank (3.63%), Flagstar Bank, FSB (3.75%) and Cobalt Credit Union (3.76%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Omaha (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 $268,200 (13.3%) $321,314 (12.5%) 0.99 2,013
    2018-02-01 $282,200 (10.9%) $333,418 (12.0%) 1.03 1,843
    2018-03-01 $288,000 (6.8%) $341,519 (11.5%) 1.01 1,893
    2018-04-01 $296,561 (7.9%) $360,435 (15.1%) 1.01 1,971
    2018-05-01 $293,025 (6.6%) $341,569 (6.3%) 0.98 2,099
    2018-06-01 $290,000 (6.5%) $345,786 (8.2%) 0.97 2,348
    2018-07-01 $287,800 (6.6%) $342,684 (7.5%) 0.96 2,509
    2018-08-01 $288,200 (9.4%) $338,488 (8.2%) 0.97 2,619
    2018-09-01 $279,900 (6.8%) $330,803 (6.0%) 0.94 2,781
    2018-10-01 $269,950 (3.9%) $323,441 (3.3%) 0.91 2,850
    2018-11-01 $269,150 (0.8%) $321,668 (0.5%) 0.91 2,778
    2018-12-01 $279,900 (5.6%) $328,080 (2.9%) 0.97 2,416
    2019-01-01 $285,000 (6.3%) $327,819 (2.0%) 0.98 2,143
    2019-02-01 $290,163 (2.8%) $333,690 (0.1%) 0.98 2,008
    2019-03-01 $303,029 (5.2%) $344,137 (0.8%) 0.99 1,938
    2019-04-01 $311,700 (5.1%) $349,607 (-3.0%) 0.99 1,933
    2019-05-01 $306,359 (4.6%) $351,253 (2.8%) 0.96 2,098
    2019-06-01 $299,000 (3.1%) $350,064 (1.2%) 0.93 2,259
    2019-07-01 $299,925 (4.2%) $353,546 (3.2%) 0.94 2,350
    2019-08-01 $298,155 (3.5%) $350,284 (3.5%) 0.94 2,443
    2019-09-01 $287,886 (2.9%) $339,241 (2.6%) 0.92 2,589
    2019-10-01 $279,950 (3.7%) $331,347 (2.4%) 0.90 2,672
    2019-11-01 $281,400 (4.6%) $331,683 (3.1%) 0.92 2,481
    2019-12-01 $283,250 (1.2%) $331,310 (1.0%) 0.94 2,175
    2020-01-01 $291,400 (2.3%) $340,449 (3.9%) 0.97 1,915
    2020-02-01 $305,000 (5.1%) $349,526 (4.8%) 1.00 1,802
    2020-03-01 $305,000 (0.7%) $355,773 (3.4%) 0.96 1,869
    2020-04-01 $306,250 (-1.8%) $354,846 (1.5%) 0.96 1,960
    2020-05-01 $315,000 (2.8%) $363,691 (3.5%) 0.96 1,894
    2020-06-01 $319,950 (7.0%) $369,718 (5.6%) 0.94 1,697
    2020-07-01 $319,600 (6.6%) $367,825 (4.0%) 0.93 1,622
    2020-08-01 $314,060 (5.3%) $367,129 (4.8%) 0.90 1,491
    2020-09-01 $308,500 (7.2%) $368,515 (8.6%) 0.88 1,482
    2020-10-01 $294,975 (5.4%) $362,041 (9.3%) 0.85 1,430
    2020-11-01 $288,850 (2.7%) $355,843 (7.3%) 0.84 1,343
    2020-12-01 $290,036 (2.4%) $357,124 (7.8%) 0.86 1,221
    2021-01-01 $315,000 (8.1%) $370,757 (8.9%) 0.94 1,009
    2021-02-01 $322,788 (5.8%) $386,675 (10.6%) 0.94 817
    2021-03-01 $322,075 (5.6%) $384,290 (8.0%) 0.91 840
    2021-04-01 $314,500 (2.7%) $386,328 (8.9%) 0.85 869
    2021-05-01 $305,000 (-3.2%) $391,828 (7.7%) 0.81 922
    2021-06-01 $297,975 (-6.9%) $382,130 (3.4%) 0.78 1,008
    2021-07-01 $289,900 (-9.3%) $371,666 (1.0%) 0.76 1,160
    2021-08-01 $289,900 (-7.7%) $370,023 (0.8%) 0.77 1,184
    2021-09-01 $292,316 (-5.3%) $363,857 (-1.3%) 0.78 1,230
    2021-10-01 $285,000 (-3.4%) $364,831 (0.8%) 0.76 1,229
    2021-11-01 $291,750 (1.0%) $365,619 (2.8%) 0.78 1,116
    2021-12-01 $302,500 (4.3%) $373,742 (4.7%) 0.82 886
    2022-01-01 $375,000 (19.1%) $414,472 (11.8%) 1.01 668
    2022-02-01 $392,050 (21.5%) $427,119 (10.5%) 1.02 614
    2022-03-01 $384,838 (19.5%) $424,718 (10.5%) 0.96 650
    2022-04-01 $375,000 (19.2%) $426,516 (10.4%) 0.89 718
    2022-05-01 $377,741 (23.9%) $435,088 (11.0%) 0.86 917
    2022-06-01 $379,995 (27.5%) $437,113 (14.4%) 0.85 1,098
    2022-07-01 $380,000 (31.1%) $440,422 (18.5%) 0.86 1,318
    2022-08-01 $379,950 (31.1%) $434,309 (17.4%) 0.88 1,549
    2022-09-01 $378,150 (29.4%) $433,609 (19.2%) 0.88 1,571
    2022-10-01 $389,000 (36.5%) $434,950 (19.2%) 0.92 1,743
    2022-11-01 $389,725 (33.6%) $428,454 (17.2%) 0.94 1,794
    2022-12-01 $399,000 (31.9%) $435,939 (16.6%) 0.99 1,591
    2023-01-01 $411,168 (9.6%) $447,458 (8.0%) 1.02 1,459
    2023-02-01 $428,500 (9.3%) $470,392 (10.1%) 1.04 1,310
    2023-03-01 $438,000 (13.8%) $482,157 (13.5%) 1.03 1,332
    2023-04-01 $435,000 (16.0%) $488,707 (14.6%) 1.01 1,340
    2023-05-01 $429,588 (13.7%) $492,277 (13.1%) 0.97 1,416
    2023-06-01 $419,975 (10.5%) $490,037 (12.1%) 0.94 1,544
    2023-07-01 $400,000 (5.3%) $476,867 (8.3%) 0.91 1,666
    2023-08-01 $399,700 (5.2%) $476,695 (9.8%) 0.92 1,680
    2023-09-01 $392,995 (3.9%) $463,567 (6.9%) 0.92 1,844
    2023-10-01 $389,425 (0.1%) $455,940 (4.8%) 0.92 1,997
    Omaha's median listing price for 2023-10-01 was $389,425, a difference of $425 (0.1%) versus the prior year and $-3,570 versus the prior month.

    Omaha's median listing price comes in at 92% of the national average.

    Omaha's average listing price for 2023-10-01 was $455,940, a difference of $20,990 (4.8%) versus the prior year and $-7,627 versus the prior month.

    For the 2023-10-01 period, Omaha had 1,997 MLS listings, a difference of 153 listings (8%) versus the prior month and 254 listings (15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Omaha (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 61 days 2,079 sqft
    2018-02-01 54 days 2,169 sqft
    2018-03-01 43 days 2,286 sqft
    2018-04-01 37 days 2,350 sqft
    2018-05-01 36 days 2,320 sqft
    2018-06-01 25 days 2,339 sqft
    2018-07-01 30 days 2,305 sqft
    2018-08-01 32 days 2,315 sqft
    2018-09-01 37 days 2,284 sqft
    2018-10-01 38 days 2,197 sqft
    2018-11-01 43 days 2,153 sqft
    2018-12-01 54 days 2,136 sqft
    2019-01-01 56 days 2,134 sqft
    2019-02-01 46 days 2,197 sqft
    2019-03-01 41 days 2,302 sqft
    2019-04-01 29 days 2,366 sqft
    2019-05-01 27 days 2,365 sqft
    2019-06-01 30 days 2,309 sqft
    2019-07-01 33 days 2,356 sqft
    2019-08-01 34 days 2,328 sqft
    2019-09-01 34 days 2,250 sqft
    2019-10-01 36 days 2,182 sqft
    2019-11-01 47 days 2,153 sqft
    2019-12-01 60 days 2,129 sqft
    2020-01-01 62 days 2,153 sqft
    2020-02-01 48 days 2,194 sqft
    2020-03-01 43 days 2,223 sqft
    2020-04-01 42 days 2,279 sqft
    2020-05-01 47 days 2,325 sqft
    2020-06-01 48 days 2,302 sqft
    2020-07-01 50 days 2,301 sqft
    2020-08-01 46 days 2,236 sqft
    2020-09-01 43 days 2,210 sqft
    2020-10-01 44 days 2,097 sqft
    2020-11-01 48 days 2,004 sqft
    2020-12-01 51 days 1,997 sqft
    2021-01-01 53 days 1,975 sqft
    2021-02-01 52 days 2,097 sqft
    2021-03-01 42 days 2,135 sqft
    2021-04-01 34 days 2,137 sqft
    2021-05-01 33 days 2,154 sqft
    2021-06-01 33 days 2,118 sqft
    2021-07-01 33 days 2,038 sqft
    2021-08-01 33 days 2,037 sqft
    2021-09-01 36 days 1,956 sqft
    2021-10-01 37 days 1,963 sqft
    2021-11-01 42 days 1,922 sqft
    2021-12-01 49 days 1,931 sqft
    2022-01-01 47 days 2,079 sqft
    2022-02-01 35 days 2,181 sqft
    2022-03-01 32 days 2,149 sqft
    2022-04-01 29 days 2,160 sqft
    2022-05-01 29 days 2,205 sqft
    2022-06-01 30 days 2,259 sqft
    2022-07-01 31 days 2,286 sqft
    2022-08-01 32 days 2,171 sqft
    2022-09-01 42 days 2,137 sqft
    2022-10-01 39 days 2,200 sqft
    2022-11-01 44 days 2,163 sqft
    2022-12-01 57 days 2,166 sqft
    2023-01-01 67 days 2,200 sqft
    2023-02-01 52 days 2,247 sqft
    2023-03-01 50 days 2,283 sqft
    2023-04-01 49 days 2,307 sqft
    2023-05-01 44 days 2,283 sqft
    2023-06-01 42 days 2,300 sqft
    2023-07-01 38 days 2,224 sqft
    2023-08-01 37 days 2,237 sqft
    2023-09-01 36 days 2,201 sqft
    2023-10-01 37 days 2,189 sqft
    Omaha's median listing age (time on market) for 2023-10-01 was 37 days. This is -6% shorter than the same period one year ago.

    Omaha's median square footage for active listings during the 2023-10-01 period was 2,189 sqft. One year prior, the average listing was 2,200 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.