Omaha VA Loans

OMAHA-COUNCIL BLUFFS, NE-IA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.