Omaha VA Loans

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 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 144 lenders originated 5,218 VA loans during 2021. The total origination value was $1,348,650,000, with an average VA loan value of $258,461.

Omaha VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Omaha averaged 5.52% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.65% and one month ago for the week of 2022-04-08, the average rate was 4.77%.

The average rate one year ago was 3.18%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.14%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Omaha level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 610 2.79% $5,627
QUICKEN LOANS, LLC 355 2.49% $4,355
FREEDOM MORTGAGE CORPORATION 254 2.44% $2,643
PENNYMAC LOAN SERVICES, LLC 207 2.44% $4,815
First National Bank of Omaha 193 2.77% $3,314
Core Bank 154 2.43% $4,577
CHARTER WEST BANK 126 2.52% $5,563
NAVY FEDERAL CREDIT UNION 121 2.50% $5,307
USAA Federal Savings Bank 114 2.87% $4,356
CMG MORTGAGE, INC. 107 2.80% $5,977
CALIBER HOME LOANS, INC. 100 2.54% $4,460
Wells Fargo Bank 98 2.51% $4,030
ARK-LA-TEX FINANCIAL SERVICES, LLC. 95 2.89% $7,592
Prosperity Home Mortgage, LLC 93 2.69% $5,458
West Gate Bank 84 2.24% $5,762
NEW DAY FINANCIAL, LLC 82 2.81% $6,067
Regent Financial Group, Inc. 79 2.78% $5,655
First Bank 72 2.52% $3,702
American National Bank 71 2.75% $4,780
HOME POINT FINANCIAL CORPORATION 63 2.52% $4,269
Arbor Bank 63 2.39% $4,167
Access Bank 61 2.53% $5,641
CLEARPATH LENDING 59 2.31% $4,158
The Federal Savings Bank 58 2.59% $5,258
Flagstar Bank, FSB 58 2.67% $5,283
Plains Commerce Bank 57 2.52% $6,530
UNITED WHOLESALE MORTGAGE, LLC 56 2.42% $5,122
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 55 2.79% $6,696
LOANDEPOT.COM, LLC 51 2.57% $5,103
GERSHMAN INVESTMENT CORP. 45 2.92% $5,470
LAKEVIEW LOAN SERVICING, LLC 44 2.55% $2,361
PENTAGON FEDERAL CREDIT UNION 44 2.31% $1,972
Cobalt Credit Union 42 2.41% $3,664
GUILD MORTGAGE COMPANY 42 2.74% $6,148
CHURCHILL MORTGAGE CORPORATION 41 2.55% $4,449
AMCAP MORTGAGE, LTD. 38 3.13% $6,326
VERIDIAN CREDIT UNION 35 2.23% $4,401
Gateway First Bank 35 2.47% $3,524
MUTUAL OF OMAHA MORTGAGE, INC. 32 2.54% $5,302
Mr. Cooper ( Nationstar Mortgage ) 31 2.91% $4,345
VILLAGE CAPITAL & INVESTMENT LLC 31 2.39% $3,124
MORIA DEVELOPMENT, INC. 27 2.80% $5,581
NBKC BANK 27 2.53% $4,722
AMERISAVE MORTGAGE CORPORATION 25 2.68% $5,388
Barrington Bank & Trust Company, N.A. 22 2.72% $4,936
AMERICAN FINANCIAL NETWORK, INC. 20 2.36% $9,315
Low VA Rates, LLC 20 2.38% $4,002
Pinnacle Bank 19 2.34% $5,259
Chickasaw Community Bank 18 3.00% $6,138
CENTRIS FEDERAL CREDIT UNION 17 2.47% $4,318
DELMAR FINANCIAL COMPANY 17 2.75% $6,375
Citizens Bank 16 2.64% $6,719
NEWREZ LLC 16 2.62% $3,942
BROKER SOLUTIONS, INC. 14 2.61% $5,125
U.S. Bank 14 2.85% $5,980
MOVEMENT MORTGAGE, LLC 14 2.95% $4,538
Lincoln FSB of Nebraska 13 2.35% $4,916
Magnolia Bank 13 2.55% $6,001
KS StateBank 13 2.33% $2,656
LIBERTY FIRST 12 2.24% $6,214
Great Western Bank 12 2.46% $6,068
North American Savings Bank, F.S.B. 10 2.41% $5,809
HOMEBRIDGE FINANCIAL SERVICES, INC. 10 2.44% $4,578
Carrington Mortgage Services, LLC 9 3.03% $4,334
AMERICAN FINANCING CORPORATION 8 2.62% $4,333
PLANET HOME LENDING, LLC 8 2.59% $3,385
BNC National Bank 8 2.38% $3,895
ACCELERATE MORTGAGE, LLC 7 2.21% $5,798
MID AMERICA MORTGAGE, INC. 7 2.64% $1,780
First Guaranty Mortgage Corporation 7 2.50% $2,884
First Federal Bank 6 3.39% $8,267
Flanagan State Bank 5 2.95% $1,152
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.40% $12,240
SUN WEST MORTGAGE COMPANY, INC. 5 2.40% $9,697
Strong Home Mortgage, LLC 4 2.38% $1,823
Bank of England 4 2.38% $2,976
Meridian Bank Corporation 4 2.28% $4,188
SOVEREIGN LENDING GROUP INCORPORATED 4 2.25% $2,937
KELLER MORTGAGE, LLC 4 2.75% $6,819
UNION HOME MORTGAGE CORP. 3 2.58% $4,926
CITY FIRST MORTGAGE SERVICES, L.L.C. 3 3.21% $13,472
GUARANTEED RATE, INC. 3 2.83% $978
DHI MORTGAGE COMPANY, LTD. 3 2.63% $10,427
CROSSCOUNTRY MORTGAGE, LLC 3 2.92% $4,937
Wyndham Capital Mortgage, Inc. 3 2.29% $6,537
Financial Funding Solutions, Inc. 3 2.71% $4,523
NP, Inc. 2 2.50% $3,166
Nations Lending Corporation 2 3.50% $13,074
HOMESERVICES LENDING, LLC 2 2.81% $11,585
HOMESTEAD FUNDING CORP. 2 2.25% $2,152
UNITED SECURITY FINANCIAL CORP 2 2.06% $6,894
Union Bank and Trust Company 2 2.88% $3,610
The Central Trust Bank 2 2.25% $1,278
First Home Bank 2 3.25% $4,401
First Federal Bank of Kansas City 2 2.25% $3,811
First Midwest Bank 2 2.25% $1,708
Frontier Bank 2 2.25% $6,593
Service Federal Credit Union 2 2.81% $2,493
First Internet Bank of Indiana 2 2.25% $3,196
ZILLOW HOME LOANS, LLC 1 2.25% $4,237
AMERICAN ADVISORS GROUP 1 3.50% $19,968
American Mortgage Bank, LLC 1 2.13% $2,655
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.88% $5,896
Amerifirst Financial, Inc. 1 2.75% $16,198
Bank of the West 1 3.75% $3,621
Bell Bank 1 2.38% $3,443
BLACK HILLS FEDERAL CREDIT UNION 1 2.63% $2,917
CANOPY MORTGAGE, LLC 1 2.38% $2,496
Central National Bank 1 2.88% $2,096
CIBC Bank USA 1 2.75% $11,764
CORNERSTONE HOME LENDING, INC. 1 2.13% $8,263
DAS Acquisition Company, LLC 1 2.75% $12,293
EMBRACE HOME LOANS, INC. 1 2.25% $2,358
FBC MORTGAGE, LLC 1 2.25% $3,450
Fidelity Bank 1 2.63% $3,768
FirstBank 1 2.25% $1,866
First Bank & Trust 1 2.38% $7,053
First Horizon Bank 1 2.13% $1,635
First Savings Bank 1 2.25% $969
First Western Trust Bank 1 2.25% $1,210
Fortress Bank 1 2.25% $2,463
German American Bank 1 3.13% $3,035
Goldwater Bank, N.A. 1 2.38% $1,413
GUARANTEED RATE AFFINITY, LLC 1 2.75% $12,303
GUARANTY HOME MORTGAGE CORPORATION 1 2.50% $6,380
HOMESIDE FINANCIAL, LLC 1 2.75% $13,211
HOMESTAR FINANCIAL CORPORATION 1 2.75% $39,578
Hometown Lenders, Inc. 1 2.88% $5,269
Ixonia Bank 1 2.25% $1,557
Lend Smart Mortgage, LLC 1 2.38% $1,887
Manufacturers and Traders Trust Company 1 3.38% $2,446
Northwest Bank 1 2.50% $2,226
OCEANSIDE MORTGAGE COMPANY 1 2.75% $758
Orion Federal Credit Union 1 2.25% $3,260
PREMIA MORTGAGE, LLC 1 2.38% $8
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.75% $19,131
S1L, Inc. 1 2.99% $22,662
Servion, Inc. 1 2.38% $1,678
STEARNS LENDING, LLC 1 3.25% $7,835
Stride Bank 1 3.00% $8,613
Sunflower Bank 1 2.99% $8,301
TOWNE MORTGAGE COMPANY 1 2.38% $6,666
Truist Bank 1 2.75% $917
ACADEMY MORTGAGE CORPORATION 1 2.88% $3,315

The top Omaha VA lender as defined by loan originations is Mortgage Research Center, LLC, with 610 VA loans originated. Their average total fees are $5,627, which is $1,272 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Omaha VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION ($1,972), LAKEVIEW LOAN SERVICING, LLC ($2,361), FREEDOM MORTGAGE CORPORATION ($2,643), KS StateBank ($2,656) and VILLAGE CAPITAL & INVESTMENT LLC ($3,124).

The lowest rate Omaha VA lenders (with over 10 loans originated) are VERIDIAN CREDIT UNION (2.23%), LIBERTY FIRST (2.24%), West Gate Bank (2.24%), PENTAGON FEDERAL CREDIT UNION (2.31%) and CLEARPATH LENDING (2.31%).


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 $263,650 (12.3%) $318,021 (11.7%) 0.97 2,079
2018-02-01 $276,975 (8.6%) $330,951 (11.1%) 1.00 1,914
2018-03-01 $285,000 (6.6%) $340,158 (11.5%) 0.99 1,955
2018-04-01 $292,700 (8.4%) $356,711 (14.8%) 0.98 2,036
2018-05-01 $291,000 (6.8%) $338,709 (6.3%) 0.97 2,166
2018-06-01 $289,900 (7.0%) $342,042 (7.2%) 0.97 2,442
2018-07-01 $285,000 (6.0%) $339,607 (7.1%) 0.95 2,615
2018-08-01 $285,000 (9.9%) $335,826 (8.0%) 0.95 2,731
2018-09-01 $279,000 (7.5%) $328,655 (5.4%) 0.93 2,889
2018-10-01 $269,700 (5.6%) $321,402 (3.5%) 0.90 2,958
2018-11-01 $268,250 (2.2%) $319,770 (0.3%) 0.90 2,888
2018-12-01 $275,900 (6.9%) $325,412 (3.1%) 0.94 2,518
2019-01-01 $280,456 (6.4%) $325,685 (2.4%) 0.97 2,231
2019-02-01 $287,500 (3.8%) $331,714 (0.2%) 0.96 2,078
2019-03-01 $299,633 (5.1%) $340,832 (0.2%) 0.98 2,020
2019-04-01 $308,405 (5.4%) $346,156 (-3.0%) 0.97 1,995
2019-05-01 $300,000 (3.1%) $347,799 (2.7%) 0.92 2,149
2019-06-01 $294,500 (1.6%) $346,625 (1.3%) 0.91 2,296
2019-07-01 $298,250 (4.7%) $351,105 (3.4%) 0.93 2,400
2019-08-01 $291,329 (2.2%) $344,570 (2.6%) 0.92 2,495
2019-09-01 $279,925 (0.3%) $332,123 (1.1%) 0.89 2,619
2019-10-01 $279,450 (3.6%) $328,043 (2.1%) 0.89 2,761
2019-11-01 $279,900 (4.3%) $328,850 (2.8%) 0.90 2,552
2019-12-01 $280,950 (1.8%) $329,123 (1.1%) 0.94 2,258
2020-01-01 $289,590 (3.3%) $338,110 (3.8%) 0.97 1,986
2020-02-01 $303,600 (5.6%) $348,737 (5.1%) 0.98 1,861
2020-03-01 $305,000 (1.8%) $356,036 (4.5%) 0.95 1,912
2020-04-01 $305,763 (-0.9%) $354,090 (2.3%) 0.95 2,013
2020-05-01 $315,000 (5.0%) $363,143 (4.4%) 0.95 1,916
2020-06-01 $320,000 (8.7%) $370,249 (6.8%) 0.93 1,727
2020-07-01 $323,740 (8.6%) $375,604 (7.0%) 0.93 1,643
2020-08-01 $314,060 (7.8%) $367,416 (6.6%) 0.90 1,511
2020-09-01 $308,450 (10.2%) $368,726 (11.0%) 0.88 1,503
2020-10-01 $295,000 (5.6%) $363,647 (10.9%) 0.84 1,465
2020-11-01 $288,250 (3.0%) $356,352 (8.4%) 0.83 1,368
2020-12-01 $290,700 (3.5%) $358,564 (9.0%) 0.85 1,260
2021-01-01 $309,400 (6.8%) $366,368 (8.4%) 0.91 1,041
2021-02-01 $321,725 (6.0%) $383,297 (9.9%) 0.93 831
2021-03-01 $318,200 (4.3%) $381,018 (7.0%) 0.89 867
2021-04-01 $311,125 (1.8%) $383,329 (8.3%) 0.84 899
2021-05-01 $300,000 (-4.8%) $388,139 (6.9%) 0.79 930
2021-06-01 $296,950 (-7.2%) $379,589 (2.5%) 0.77 1,021
2021-07-01 $288,563 (-10.9%) $369,790 (-1.6%) 0.75 1,155
2021-08-01 $289,950 (-7.7%) $366,954 (-0.1%) 0.76 1,200
2021-09-01 $292,000 (-5.3%) $361,396 (-2.0%) 0.77 1,253
2021-10-01 $285,000 (-3.4%) $362,149 (-0.4%) 0.75 1,240
2021-11-01 $291,750 (1.2%) $363,706 (2.1%) 0.77 1,136
2021-12-01 $300,000 (3.2%) $372,091 (3.8%) 0.80 901
2022-01-01 $370,000 (19.6%) $411,182 (12.2%) 0.99 683
2022-02-01 $389,480 (21.1%) $424,584 (10.8%) 0.99 619
2022-03-01 $377,563 (18.7%) $421,525 (10.6%) 0.93 655
2022-04-01 $375,000 (20.5%) $425,165 (10.9%) 0.88 724
Omaha's median listing price for 2022-04-01 was $375,000, a difference of $63,875 (20.5%) versus the prior year and $-2,563 versus the prior month.

Omaha's median listing price comes in at 88% of the national average.

Omaha's average listing price for 2022-04-01 was $425,165, a difference of $41,836 (10.9%) versus the prior year and $3,640 versus the prior month.

For the 2022-04-01 period, Omaha had 724 MLS listings, a difference of 69 listings (11%) versus the prior month and -175 listings (-19%) 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 63 days 2,044 sqft
2018-02-01 57 days 2,144 sqft
2018-03-01 44 days 2,256 sqft
2018-04-01 37 days 2,339 sqft
2018-05-01 37 days 2,310 sqft
2018-06-01 25 days 2,332 sqft
2018-07-01 30 days 2,302 sqft
2018-08-01 31 days 2,306 sqft
2018-09-01 37 days 2,257 sqft
2018-10-01 38 days 2,189 sqft
2018-11-01 42 days 2,153 sqft
2018-12-01 54 days 2,121 sqft
2019-01-01 57 days 2,118 sqft
2019-02-01 46 days 2,179 sqft
2019-03-01 55 days 2,260 sqft
2019-04-01 32 days 2,357 sqft
2019-05-01 29 days 2,359 sqft
2019-06-01 30 days 2,291 sqft
2019-07-01 33 days 2,344 sqft
2019-08-01 36 days 2,287 sqft
2019-09-01 37 days 2,184 sqft
2019-10-01 35 days 2,165 sqft
2019-11-01 46 days 2,140 sqft
2019-12-01 59 days 2,107 sqft
2020-01-01 62 days 2,153 sqft
2020-02-01 49 days 2,195 sqft
2020-03-01 47 days 2,225 sqft
2020-04-01 41 days 2,271 sqft
2020-05-01 48 days 2,344 sqft
2020-06-01 49 days 2,327 sqft
2020-07-01 44 days 2,329 sqft
2020-08-01 45 days 2,254 sqft
2020-09-01 45 days 2,196 sqft
2020-10-01 46 days 2,100 sqft
2020-11-01 48 days 2,016 sqft
2020-12-01 50 days 1,984 sqft
2021-01-01 56 days 1,980 sqft
2021-02-01 58 days 2,090 sqft
2021-03-01 46 days 2,127 sqft
2021-04-01 39 days 2,128 sqft
2021-05-01 38 days 2,161 sqft
2021-06-01 35 days 2,118 sqft
2021-07-01 34 days 2,031 sqft
2021-08-01 35 days 2,035 sqft
2021-09-01 36 days 1,956 sqft
2021-10-01 38 days 1,960 sqft
2021-11-01 42 days 1,914 sqft
2021-12-01 50 days 1,925 sqft
2022-01-01 49 days 2,092 sqft
2022-02-01 40 days 2,191 sqft
2022-03-01 35 days 2,165 sqft
2022-04-01 32 days 2,170 sqft
Omaha's median listing age (time on market) for 2022-04-01 was 32 days. This is -18% shorter than the same period one year ago.

Omaha's median square footage for active listings during the 2022-04-01 period was 2,170 sqft. One year prior, the average listing was 2,128 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.