Omaha VA Loan Rates, Closing Costs & Stats
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 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
5.84%
for the week of 2024-10-11, compared to the national average (all VA variants) of
5.854% for the same period.
Omaha's average VA mortgage closing costs are $5,401.
The average rate for the prior week (2024-10-04) was
5.81% and
one month ago for the week of 2024-09-06, the
average rate was 5.9%.
The average rate one year ago was 7.27%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.43%.
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.
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%).
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 | $268,225 (13.3%) | $321,358 (12.5%) | 0.99 | 2,014 |
2018-02-01 | $282,300 (10.9%) | $333,461 (12.0%) | 1.02 | 1,844 |
2018-03-01 | $288,000 (6.8%) | $341,574 (11.6%) | 1.01 | 1,894 |
2018-04-01 | $296,731 (7.9%) | $360,474 (15.1%) | 1.01 | 1,972 |
2018-05-01 | $293,163 (6.6%) | $341,602 (6.3%) | 0.98 | 2,098 |
2018-06-01 | $290,000 (6.5%) | $345,900 (8.2%) | 0.97 | 2,350 |
2018-07-01 | $287,900 (6.7%) | $342,710 (7.5%) | 0.96 | 2,510 |
2018-08-01 | $288,450 (9.5%) | $338,516 (8.3%) | 0.97 | 2,620 |
2018-09-01 | $279,900 (6.8%) | $330,766 (5.9%) | 0.94 | 2,781 |
2018-10-01 | $269,950 (3.9%) | $323,404 (3.3%) | 0.91 | 2,850 |
2018-11-01 | $269,050 (0.8%) | $321,614 (0.4%) | 0.91 | 2,777 |
2018-12-01 | $279,900 (5.6%) | $328,002 (2.8%) | 0.97 | 2,415 |
2019-01-01 | $285,000 (6.3%) | $327,731 (2.0%) | 0.98 | 2,142 |
2019-02-01 | $289,825 (2.7%) | $333,601 (0.0%) | 0.98 | 2,007 |
2019-03-01 | $303,029 (5.2%) | $344,066 (0.7%) | 0.99 | 1,937 |
2019-04-01 | $311,700 (5.0%) | $349,559 (-3.0%) | 0.99 | 1,933 |
2019-05-01 | $306,003 (4.4%) | $351,254 (2.8%) | 0.96 | 2,097 |
2019-06-01 | $299,000 (3.1%) | $349,985 (1.2%) | 0.93 | 2,258 |
2019-07-01 | $299,925 (4.2%) | $353,546 (3.2%) | 0.94 | 2,350 |
2019-08-01 | $298,155 (3.4%) | $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 (2.5%) | 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 (5.2%) | $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 (2.9%) | $363,662 (3.5%) | 0.96 | 1,893 |
2020-06-01 | $319,950 (7.0%) | $369,698 (5.6%) | 0.94 | 1,696 |
2020-07-01 | $319,500 (6.5%) | $367,811 (4.0%) | 0.93 | 1,621 |
2020-08-01 | $313,980 (5.3%) | $367,119 (4.8%) | 0.90 | 1,490 |
2020-09-01 | $308,500 (7.2%) | $368,515 (8.6%) | 0.88 | 1,482 |
2020-10-01 | $294,975 (5.4%) | $362,051 (9.3%) | 0.85 | 1,429 |
2020-11-01 | $288,750 (2.6%) | $355,849 (7.3%) | 0.84 | 1,342 |
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 (1.1%) | 0.76 | 1,160 |
2021-08-01 | $289,900 (-7.7%) | $370,023 (0.8%) | 0.77 | 1,184 |
2021-09-01 | $292,450 (-5.2%) | $364,030 (-1.2%) | 0.78 | 1,230 |
2021-10-01 | $285,000 (-3.4%) | $365,012 (0.8%) | 0.76 | 1,229 |
2021-11-01 | $291,750 (1.0%) | $365,592 (2.7%) | 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 | $377,919 (23.9%) | $435,217 (11.1%) | 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%) | $439,786 (18.3%) | 0.86 | 1,318 |
2022-08-01 | $379,950 (31.1%) | $434,309 (17.4%) | 0.88 | 1,549 |
2022-09-01 | $378,150 (29.3%) | $433,609 (19.1%) | 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 | $411,038 (9.6%) | $447,341 (7.9%) | 1.02 | 1,458 |
2023-02-01 | $428,250 (9.2%) | $470,280 (10.1%) | 1.03 | 1,309 |
2023-03-01 | $438,000 (13.8%) | $482,056 (13.5%) | 1.03 | 1,331 |
2023-04-01 | $435,000 (16.0%) | $488,612 (14.6%) | 1.01 | 1,339 |
2023-05-01 | $429,544 (13.7%) | $492,191 (13.1%) | 0.97 | 1,415 |
2023-06-01 | $419,975 (10.5%) | $489,997 (12.1%) | 0.94 | 1,544 |
2023-07-01 | $400,000 (5.3%) | $476,867 (8.4%) | 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 |
2023-11-01 | $385,825 (-1.0%) | $446,944 (4.3%) | 0.92 | 2,106 |
2023-12-01 | $389,000 (-2.5%) | $447,748 (2.7%) | 0.95 | 2,011 |
2024-01-01 | $391,644 (-4.7%) | $450,083 (0.6%) | 0.96 | 1,778 |
2024-02-01 | $399,000 (-6.8%) | $462,818 (-1.6%) | 0.96 | 1,699 |
2024-03-01 | $402,418 (-8.1%) | $473,349 (-1.8%) | 0.95 | 1,772 |
2024-04-01 | $408,276 (-6.1%) | $481,422 (-1.5%) | 0.95 | 1,845 |
2024-05-01 | $414,990 (-3.4%) | $499,452 (1.5%) | 0.94 | 1,904 |
2024-06-01 | $409,000 (-2.6%) | $490,535 (0.1%) | 0.92 | 2,062 |
2024-07-01 | $399,000 (-0.3%) | $475,077 (-0.4%) | 0.91 | 2,228 |
2024-08-01 | $399,522 (0.0%) | $475,759 (-0.2%) | 0.93 | 2,253 |
2024-09-01 | $390,173 (-0.7%) | $460,033 (-0.8%) | 0.92 | 2,332 |
Omaha's median listing price comes in at 92% of the national average.
Omaha's average listing price for 2024-09-01 was $460,033, a difference of $-3,534 (-0.8%) versus the prior year and $-15,726 versus the prior month.
For the 2024-09-01 period, Omaha had 2,332 MLS listings, a difference of 79 listings (4%) versus the prior month and 488 listings (26%) 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 | 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 | 2,304 sqft |
2018-08-01 | 32 days | 2,315 sqft |
2018-09-01 | 37 days | 2,282 sqft |
2018-10-01 | 38 days | 2,197 sqft |
2018-11-01 | 43 days | 2,153 sqft |
2018-12-01 | 54 days | 2,135 sqft |
2019-01-01 | 56 days | 2,133 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 | 2,366 sqft |
2019-06-01 | 30 days | 2,310 sqft |
2019-07-01 | 33 days | 2,357 sqft |
2019-08-01 | 34 days | 2,329 sqft |
2019-09-01 | 34 days | 2,251 sqft |
2019-10-01 | 36 days | 2,183 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 | 2,302 sqft |
2020-08-01 | 46 days | 2,236 sqft |
2020-09-01 | 43 days | 2,209 sqft |
2020-10-01 | 45 days | 2,095 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 | 2,136 sqft |
2021-05-01 | 33 days | 2,152 sqft |
2021-06-01 | 33 days | 2,116 sqft |
2021-07-01 | 33 days | 2,038 sqft |
2021-08-01 | 33 days | 2,035 sqft |
2021-09-01 | 36 days | 1,954 sqft |
2021-10-01 | 37 days | 1,963 sqft |
2021-11-01 | 42 days | 1,922 sqft |
2021-12-01 | 49 days | 1,929 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 | 2,260 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 | 2,199 sqft |
2023-02-01 | 53 days | 2,246 sqft |
2023-03-01 | 50 days | 2,283 sqft |
2023-04-01 | 49 days | 2,304 sqft |
2023-05-01 | 44 days | 2,281 sqft |
2023-06-01 | 42 days | 2,299 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 |
2023-11-01 | 39 days | 2,192 sqft |
2023-12-01 | 45 days | 2,197 sqft |
2024-01-01 | 55 days | 2,196 sqft |
2024-02-01 | 49 days | 2,196 sqft |
2024-03-01 | 39 days | 2,169 sqft |
2024-04-01 | 40 days | 2,204 sqft |
2024-05-01 | 33 days | 2,230 sqft |
2024-06-01 | 36 days | 2,236 sqft |
2024-07-01 | 38 days | 2,211 sqft |
2024-08-01 | 43 days | 2,236 sqft |
2024-09-01 | 44 days | 2,191 sqft |
Omaha's median square footage for active listings during the 2024-09-01 period was 2,191 sqft. One year prior, the average listing was 2,201 sqft.