Owensboro VA Loan Rates, Closing Costs & Stats

OWENSBORO, KY

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.

Owensboro's 44 lenders originated 166 VA loans during 2024. The total origination value was $43,580,000, with an average VA loan value of $262,530.

Owensboro VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Owensboro averaged 0.29% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

Owensboro's average VA mortgage closing costs are $5,014.

The average rate for the prior week (2025-06-27) was 6.82% and one month ago for the week of 2025-05-30, the average rate was 6.75%.

The average rate one year ago was 6.87%.

For refis of the same type during the week of 2025-07-04, the average rate was -0.02%.

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

Owensboro 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 Owensboro level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 40 6.62% $4,225
UNITED WHOLESALE MORTGAGE, LLC 20 6.17% $6,684
EVANSVILLE TEACHERS 15 6.56% $5,740
FBC MORTGAGE, LLC 11 5.10% $6,596
PENNYMAC LOAN SERVICES, LLC 9 6.07% $4,656
QUICKEN LOANS, LLC 7 6.05% $13,210
USAA Federal Savings Bank 6 6.25% $6,045
NAVY FEDERAL CREDIT UNION 5 6.20% $4,989
LAKEVIEW LOAN SERVICING, LLC 4 5.37% $5,594
FREEDOM MORTGAGE CORPORATION 4 6.28% $3,501
VILLAGE CAPITAL MORTGAGE 2 5.37% $4,740
JPMorgan Chase Bank 2 5.75% $763
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 8.50% $0
NEW DAY FINANCIAL, LLC 2 7.62% $7,835
Truist 2 6.69% $4,046
U.S. Bank 2 6.25% $8,554
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $1,988
UNION HOME MORTGAGE CORP. 1 7.00% $1,965
CHURCHILL MORTGAGE CORPORATION 1 6.12% $9,022
LEADERONE FINANCIAL CORPORATION 1 7.25% $731
LOANDEPOT.COM, LLC 1 7.63% $2,057
Magnolia Bank 1 7.13% $4,138
MORTGAGEONE, INC. 1 7.00% $7,411
Century Mortgage Company DBA Century Lending Company 1 5.63% $14,851
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.75% $10,561
Nations Lending Corporation 1 6.00% $16,088
BROKER SOLUTIONS, INC. 1 6.25% $15,760
AMERISAVE MORTGAGE CORPORATION 1 6.25% $11,319
NEWREZ LLC 1 6.49% $3,367
Old National Bank 1 6.00% $2,437
Barrington Bank & Trust Company, N.A. 1 6.25% $3,901
PENTAGON FEDERAL CREDIT UNION 1 6.50% $17,699
PHH Mortgage Corporation 1 5.63% $7,898
PLANET HOME LENDING, LLC 1 5.99% $2,734
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $2,281
Republic Bank & Trust Company 1 6.25% $5,888
The Federal Savings Bank 1 7.25% $10,155
THE MORTGAGE WAREHOUSE,LLC 1 5.99% $5,861
AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $5,002
FIRST MORTGAGE COMPANY, INC. 1 5.38% $8,302
Flagstar Bank, FSB 1 5.38% $8,302
First Federal Bank 1 5.25% $1,014
German American Bank 1 6.25% $3,580
GERSHMAN INVESTMENT CORP. 1 6.13% $0

The top Owensboro VA lender as defined by loan originations is Mortgage Research Center, LLC, with 40 VA loans originated. Their average total fees are $4,225, which is $2,459 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Owensboro VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,225), EVANSVILLE TEACHERS ($5,740), FBC MORTGAGE, LLC ($6,596), UNITED WHOLESALE MORTGAGE, LLC ($6,684) and .

The lowest rate Owensboro VA lenders (with over 10 loans originated) are FBC MORTGAGE, LLC (5.10%), UNITED WHOLESALE MORTGAGE, LLC (6.17%), EVANSVILLE TEACHERS (6.56%), Mortgage Research Center, LLC (6.62%) and .

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.