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 6.95% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.68% and one month ago for the week of 2024-03-15, the average rate was 6.44%.

    The average rate one year ago was 6.03%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.34%.

    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
    Omaha's median listing price for 2024-03-01 was $402,418, a difference of $-35,582 (-8.1%) versus the prior year and $3,418 versus the prior month.

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

    Omaha's average listing price for 2024-03-01 was $473,349, a difference of $-8,707 (-1.8%) versus the prior year and $10,531 versus the prior month.

    For the 2024-03-01 period, Omaha had 1,772 MLS listings, a difference of 73 listings (4%) versus the prior month and 441 listings (33%) 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
    Omaha's median listing age (time on market) for 2024-03-01 was 39 days. This is -22% shorter than the same period one year ago.

    Omaha's median square footage for active listings during the 2024-03-01 period was 2,169 sqft. One year prior, the average listing was 2,283 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.