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 6.89% for the week of 2024-05-17, compared to the national average (all VA variants) of 6.502% for the same period.

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

The average rate for the prior week (2024-05-10) was 6.8% and one month ago for the week of 2024-04-12, the average rate was 6.88%.

The average rate one year ago was 6.09%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.78%.

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%).


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 $268,225 (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
Omaha's median listing price for 2024-04-01 was $408,276, a difference of $-26,724 (-6.1%) versus the prior year and $5,858 versus the prior month.

Omaha's median listing price comes in at 95% of the national average.

Omaha's average listing price for 2024-04-01 was $481,422, a difference of $-7,190 (-1.5%) versus the prior year and $8,073 versus the prior month.

For the 2024-04-01 period, Omaha had 1,845 MLS listings, a difference of 73 listings (4%) versus the prior month and 506 listings (38%) 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 2,304 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
Omaha's median listing age (time on market) for 2024-04-01 was 40 days. This is -19% shorter than the same period one year ago.

Omaha's median square footage for active listings during the 2024-04-01 period was 2,204 sqft. One year prior, the average listing was 2,304 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.