Ottawa VA Loan Rates, Closing Costs & Stats

Ottawa, KS

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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.

    Ottawa's 23 lenders originated 50 VA loans during 2024. The total origination value was $13,970,000, with an average VA loan value of $279,400.

    Ottawa VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Ottawa averaged 6.56% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Ottawa's average VA mortgage closing costs are $5,681.

    The average rate for the prior week (2025-03-28) was 6.88% and one month ago for the week of 2025-02-28, the average rate was 6.85%.

    The average rate one year ago was 6.76%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.96%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Ottawa 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 Ottawa level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 10 6.25% $9,595
    FREEDOM MORTGAGE CORPORATION 6 6.02% $7,595
    NEWREZ LLC 4 6.31% $3,621
    Waterstone Mortgage Corporation 2 6.94% $5,799
    Arvest Bank 2 6.50% $11,233
    LAKEVIEW LOAN SERVICING, LLC 2 5.62% $6,329
    Mortgage Investment Services Corporation 2 6.44% $8,800
    NAVY FEDERAL CREDIT UNION 2 5.88% $5,485
    PLANET HOME LENDING, LLC 2 5.99% $10,164
    USAA Federal Savings Bank 2 6.19% $6,134
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.75% $11,786
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $4,129
    Mr. Cooper ( Nationstar Mortgage ) 1 7.75% $1,771
    UNITED WHOLESALE MORTGAGE, LLC 1 6.50% $21,331
    COMMUNITYAMERICA 1 6.63% $2,811
    PENNYMAC LOAN SERVICES, LLC 1 5.75% $3,633
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.38% $12,672
    QUICKEN LOANS, LLC 1 6.49% $4,109
    FLAT BRANCH MORTGAGE, INC. 1 6.13% $13,638
    ENDEAVOR CAPITAL, LLC. 1 5.75% $13,381
    Stride Bank 1 6.50% $14,879
    LEADERONE FINANCIAL CORPORATION 1 7.13% $2,262
    LOANDEPOT.COM, LLC 1 5.99% $8,752

    The top Ottawa VA lender as defined by loan originations is Mortgage Research Center, LLC, with 10 VA loans originated. Their average total fees are $9,595, which is $2,000 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Ottawa VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($9,595), .

    The lowest rate Ottawa VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.25%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ottawa (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 $137,500 (17.0%) $216,257 (23.7%) 0.00 70
    2018-02-01 $137,475 (10.1%) $185,668 (0.4%) 0.00 66
    2018-03-01 $139,750 (5.7%) $179,713 (-10.0%) 0.00 63
    2018-04-01 $147,500 (2.3%) $187,838 (-9.7%) 0.00 58
    2018-05-01 $169,000 (24.1%) $208,289 (9.1%) 0.00 64
    2018-06-01 $172,000 (36.9%) $219,397 (2.4%) 0.00 71
    2018-07-01 $169,938 (17.2%) $215,736 (-2.1%) 0.00 86
    2018-08-01 $166,500 (15.8%) $209,636 (4.9%) 0.00 88
    2018-09-01 $162,500 (12.1%) $205,700 (-6.3%) 0.00 101
    2018-10-01 $165,000 (10.6%) $200,830 (-4.9%) 0.00 101
    2018-11-01 $151,250 (1.5%) $196,373 (-18.6%) 0.00 102
    2018-12-01 $163,450 (17.7%) $201,383 (-8.5%) 0.00 96
    2019-01-01 $174,900 (27.2%) $231,691 (7.1%) 0.00 83
    2019-02-01 $175,000 (27.3%) $210,814 (13.5%) 0.00 78
    2019-03-01 $180,286 (29.0%) $215,099 (19.7%) 0.00 67
    2019-04-01 $195,000 (32.2%) $230,098 (22.5%) 0.00 54
    2019-05-01 $185,000 (9.5%) $229,447 (10.2%) 0.00 58
    2019-06-01 $189,000 (9.9%) $247,331 (12.7%) 0.00 66
    2019-07-01 $190,000 (11.8%) $236,276 (9.5%) 0.00 62
    2019-08-01 $182,850 (9.8%) $238,273 (13.7%) 0.00 64
    2019-09-01 $173,625 (6.9%) $231,174 (12.4%) 0.00 69
    2019-10-01 $167,175 (1.3%) $226,441 (12.8%) 0.00 74
    2019-11-01 $159,900 (5.7%) $219,277 (11.7%) 0.00 77
    2019-12-01 $165,875 (1.5%) $219,044 (8.8%) 0.00 69
    2020-01-01 $159,975 (-8.5%) $222,422 (-4.0%) 0.00 67
    2020-02-01 $155,000 (-11.4%) $226,303 (7.4%) 0.00 61
    2020-03-01 $180,450 (0.1%) $231,782 (7.8%) 0.00 58
    2020-04-01 $203,463 (4.3%) $258,566 (12.4%) 0.00 54
    2020-05-01 $227,000 (22.7%) $267,176 (16.4%) 0.00 46
    2020-06-01 $177,725 (-6.0%) $291,207 (17.7%) 0.00 46
    2020-07-01 $216,000 (13.7%) $365,817 (54.8%) 0.00 38
    2020-08-01 $210,000 (14.9%) $366,543 (53.8%) 0.00 40
    2020-09-01 $278,500 (60.4%) $392,959 (70.0%) 0.00 35
    2020-10-01 $262,000 (56.7%) $341,913 (51.0%) 0.00 47
    2020-11-01 $214,725 (34.3%) $314,985 (43.7%) 0.00 51
    2020-12-01 $176,625 (6.5%) $292,785 (33.7%) 0.00 42
    2021-01-01 $177,000 (10.6%) $298,010 (34.0%) 0.00 30
    2021-02-01 $153,250 (-1.1%) $246,897 (9.1%) 0.00 34
    2021-03-01 $150,500 (-16.6%) $240,593 (3.8%) 0.00 24
    2021-04-01 $189,575 (-6.8%) $294,844 (14.0%) 0.00 20
    2021-05-01 $165,000 (-27.3%) $275,515 (3.1%) 0.00 27
    2021-06-01 $172,500 (-2.9%) $265,686 (-8.8%) 0.00 35
    2021-07-01 $187,500 (-13.2%) $262,704 (-28.2%) 0.00 40
    2021-08-01 $187,100 (-10.9%) $269,210 (-26.6%) 0.00 43
    2021-09-01 $156,175 (-43.9%) $249,748 (-36.4%) 0.00 47
    2021-10-01 $189,900 (-27.5%) $235,114 (-31.2%) 0.00 49
    2021-11-01 $182,225 (-15.1%) $222,867 (-29.3%) 0.00 32
    2021-12-01 $184,975 (4.7%) $245,790 (-16.1%) 0.00 34
    2022-01-01 $219,450 (24.0%) $253,834 (-14.8%) 0.00 16
    2022-02-01 $232,225 (51.5%) $269,689 (9.2%) 0.00 21
    2022-03-01 $197,100 (31.0%) $254,649 (5.8%) 0.00 23
    2022-04-01 $190,000 (0.2%) $287,181 (-2.6%) 0.00 20
    2022-05-01 $191,250 (15.9%) $266,039 (-3.4%) 0.00 29
    2022-06-01 $204,750 (18.7%) $285,478 (7.5%) 0.00 38
    2022-07-01 $240,000 (28.0%) $301,986 (15.0%) 0.00 43
    2022-08-01 $203,725 (8.9%) $269,757 (0.2%) 0.00 56
    2022-09-01 $197,000 (26.1%) $272,642 (9.2%) 0.00 55
    2022-10-01 $189,750 (-0.1%) $267,253 (13.7%) 0.00 50
    2022-11-01 $219,125 (20.3%) $264,514 (18.7%) 0.00 53
    2022-12-01 $222,500 (20.3%) $266,065 (8.3%) 0.00 47
    2023-01-01 $228,000 (3.9%) $263,197 (3.7%) 0.00 39
    2023-02-01 $224,600 (-3.3%) $261,787 (-2.9%) 0.00 39
    2023-03-01 $224,200 (13.8%) $277,330 (8.9%) 0.00 30
    2023-04-01 $248,700 (30.9%) $270,803 (-5.7%) 0.00 30
    2023-05-01 $232,450 (21.5%) $270,094 (1.5%) 0.00 31
    2023-06-01 $228,725 (11.7%) $288,369 (1.0%) 0.00 39
    2023-07-01 $229,700 (-4.3%) $320,285 (6.1%) 0.00 38
    2023-08-01 $234,475 (15.1%) $328,026 (21.6%) 0.00 51
    2023-09-01 $232,250 (17.9%) $322,679 (18.4%) 0.00 51
    2023-10-01 $290,988 (53.4%) $365,441 (36.7%) 0.00 55
    2023-11-01 $259,550 (18.5%) $343,198 (29.8%) 0.00 55
    2023-12-01 $277,000 (24.5%) $356,445 (34.0%) 0.00 48
    2024-01-01 $305,875 (34.2%) $379,659 (44.3%) 0.00 40
    2024-02-01 $299,500 (33.4%) $375,545 (43.5%) 0.00 41
    2024-03-01 $271,600 (21.1%) $375,674 (35.5%) 0.00 37
    2024-04-01 $263,300 (5.9%) $352,025 (30.0%) 0.00 37
    2024-05-01 $233,750 (0.6%) $321,885 (19.2%) 0.00 41
    2024-06-01 $265,000 (15.9%) $299,744 (3.9%) 0.00 41
    2024-07-01 $278,375 (21.2%) $292,161 (-8.8%) 0.00 37
    2024-08-01 $279,900 (19.4%) $311,294 (-5.1%) 0.00 37
    2024-09-01 $262,338 (13.0%) $283,207 (-12.2%) 0.00 43
    2024-10-01 $270,500 (-7.0%) $285,398 (-21.9%) 0.00 45
    2024-11-01 $255,000 (-1.8%) $273,298 (-20.4%) 0.00 53
    2024-12-01 $244,950 (-11.6%) $266,975 (-25.1%) 0.00 50
    2025-01-01 $243,725 (-20.3%) $263,811 (-30.5%) 0.00 49
    2025-02-01 $232,375 (-22.4%) $269,414 (-28.3%) 0.00 45
    2025-03-01 $239,000 (-12.0%) $279,535 (-25.6%) 0.00 39
    Ottawa's median listing price for 2025-03-01 was $239,000, a difference of $-32,600 (-12.0%) versus the prior year and $6,625 versus the prior month.

    Ottawa's median listing price comes in at 0% of the national average.

    Ottawa's average listing price for 2025-03-01 was $279,535, a difference of $-96,139 (-25.6%) versus the prior year and $10,121 versus the prior month.

    For the 2025-03-01 period, Ottawa had 39 MLS listings, a difference of -6 listings (-13%) versus the prior month and 2 listings (5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ottawa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,715 sqft
    2018-02-01 0 days 1,697 sqft
    2018-03-01 0 days 1,725 sqft
    2018-04-01 0 days 1,659 sqft
    2018-05-01 0 days 1,701 sqft
    2018-06-01 0 days 1,697 sqft
    2018-07-01 0 days 1,696 sqft
    2018-08-01 0 days 1,598 sqft
    2018-09-01 0 days 1,647 sqft
    2018-10-01 0 days 1,566 sqft
    2018-11-01 0 days 1,491 sqft
    2018-12-01 0 days 1,676 sqft
    2019-01-01 0 days 1,754 sqft
    2019-02-01 0 days 1,825 sqft
    2019-03-01 0 days 1,798 sqft
    2019-04-01 0 days 1,814 sqft
    2019-05-01 0 days 1,827 sqft
    2019-06-01 0 days 1,659 sqft
    2019-07-01 0 days 1,598 sqft
    2019-08-01 0 days 1,598 sqft
    2019-09-01 0 days 1,583 sqft
    2019-10-01 0 days 1,594 sqft
    2019-11-01 0 days 1,613 sqft
    2019-12-01 0 days 1,654 sqft
    2020-01-01 0 days 1,587 sqft
    2020-02-01 0 days 1,638 sqft
    2020-03-01 0 days 1,712 sqft
    2020-04-01 0 days 1,786 sqft
    2020-05-01 0 days 1,728 sqft
    2020-06-01 0 days 1,691 sqft
    2020-07-01 0 days 1,732 sqft
    2020-08-01 0 days 1,745 sqft
    2020-09-01 0 days 1,863 sqft
    2020-10-01 0 days 1,836 sqft
    2020-11-01 0 days 1,856 sqft
    2020-12-01 0 days 1,791 sqft
    2021-01-01 0 days 1,680 sqft
    2021-02-01 0 days 1,688 sqft
    2021-03-01 0 days 1,450 sqft
    2021-04-01 0 days 1,625 sqft
    2021-05-01 0 days 1,625 sqft
    2021-06-01 0 days 1,521 sqft
    2021-07-01 0 days 1,603 sqft
    2021-08-01 0 days 1,557 sqft
    2021-09-01 0 days 1,446 sqft
    2021-10-01 0 days 1,508 sqft
    2021-11-01 0 days 1,524 sqft
    2021-12-01 0 days 1,392 sqft
    2022-01-01 0 days 1,300 sqft
    2022-02-01 0 days 1,329 sqft
    2022-03-01 0 days 1,487 sqft
    2022-04-01 0 days 1,504 sqft
    2022-05-01 0 days 1,407 sqft
    2022-06-01 0 days 1,559 sqft
    2022-07-01 0 days 1,656 sqft
    2022-08-01 0 days 1,417 sqft
    2022-09-01 0 days 1,405 sqft
    2022-10-01 0 days 1,428 sqft
    2022-11-01 0 days 1,523 sqft
    2022-12-01 0 days 1,560 sqft
    2023-01-01 0 days 1,528 sqft
    2023-02-01 0 days 1,447 sqft
    2023-03-01 0 days 1,575 sqft
    2023-04-01 0 days 1,536 sqft
    2023-05-01 0 days 1,886 sqft
    2023-06-01 0 days 1,628 sqft
    2023-07-01 0 days 1,828 sqft
    2023-08-01 0 days 1,790 sqft
    2023-09-01 0 days 1,792 sqft
    2023-10-01 0 days 1,848 sqft
    2023-11-01 0 days 1,844 sqft
    2023-12-01 0 days 1,846 sqft
    2024-01-01 0 days 1,807 sqft
    2024-02-01 0 days 1,872 sqft
    2024-03-01 0 days 1,874 sqft
    2024-04-01 0 days 1,919 sqft
    2024-05-01 0 days 1,744 sqft
    2024-06-01 0 days 1,520 sqft
    2024-07-01 0 days 1,553 sqft
    2024-08-01 0 days 1,760 sqft
    2024-09-01 0 days 1,641 sqft
    2024-10-01 0 days 1,717 sqft
    2024-11-01 0 days 1,646 sqft
    2024-12-01 0 days 1,631 sqft
    2025-01-01 0 days 1,649 sqft
    2025-02-01 0 days 1,591 sqft
    2025-03-01 0 days 1,646 sqft
    Ottawa's median listing age (time on market) for 2025-03-01 was 0 days.

    Ottawa's median square footage for active listings during the 2025-03-01 period was 1,646 sqft. One year prior, the average listing was 1,874 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.