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 28 lenders originated 107 VA loans during 2023. The total origination value was $26,665,000, with an average VA loan value of $249,206.
Owensboro VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Owensboro
averaged
0.04%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Owensboro's average VA mortgage closing costs are $4,893.
The average rate for the prior week (2024-11-22) was
6.51% and
one month ago for the week of 2024-10-25, the
average rate was 6.2%.
The average rate one year ago was 6.84%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.75%.
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.
The top Owensboro VA lender as defined by loan originations is Mortgage Research Center, LLC, with
27 VA loans originated. Their average total fees are
$6,252, which is $1,342
lower than the next largest lender,
EVANSVILLE TEACHERS.
The lowest fee Owensboro VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($6,252), EVANSVILLE TEACHERS ($7,595), .
The lowest rate Owensboro VA lenders (with over 10 loans originated) are
EVANSVILLE TEACHERS (6.59%), Mortgage Research Center, LLC (6.73%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Owensboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $176,647 (10.8%) | $249,354 (24.7%) | 0.00 | 288 |
2018-02-01 | $176,981 (7.3%) | $252,789 (27.8%) | 0.00 | 281 |
2018-03-01 | $174,900 (2.9%) | $244,957 (22.0%) | 0.00 | 273 |
2018-04-01 | $178,450 (0.9%) | $248,989 (17.6%) | 0.00 | 280 |
2018-05-01 | $178,611 (-2.1%) | $252,062 (8.3%) | 0.00 | 281 |
2018-06-01 | $184,900 (6.9%) | $323,747 (40.0%) | 0.00 | 301 |
2018-07-01 | $184,900 (7.2%) | $315,937 (30.3%) | 0.00 | 326 |
2018-08-01 | $183,400 (0.7%) | $308,756 (25.2%) | 0.00 | 346 |
2018-09-01 | $179,950 (5.9%) | $305,363 (27.6%) | 0.00 | 347 |
2018-10-01 | $182,400 (9.0%) | $301,713 (25.2%) | 0.00 | 358 |
2018-11-01 | $179,900 (9.1%) | $298,575 (25.9%) | 0.00 | 357 |
2018-12-01 | $179,900 (9.1%) | $306,610 (29.2%) | 0.00 | 318 |
2019-01-01 | $179,560 (1.7%) | $311,862 (25.1%) | 0.00 | 302 |
2019-02-01 | $179,911 (1.7%) | $310,220 (22.7%) | 0.00 | 290 |
2019-03-01 | $194,543 (11.2%) | $321,970 (31.4%) | 0.00 | 272 |
2019-04-01 | $208,700 (17.0%) | $336,297 (35.1%) | 0.00 | 262 |
2019-05-01 | $209,725 (17.4%) | $327,032 (29.7%) | 0.00 | 262 |
2019-06-01 | $199,900 (8.1%) | $321,147 (-0.8%) | 0.00 | 288 |
2019-07-01 | $185,450 (0.3%) | $311,611 (-1.4%) | 0.00 | 318 |
2019-08-01 | $186,191 (1.5%) | $289,506 (-6.2%) | 0.00 | 323 |
2019-09-01 | $188,052 (4.5%) | $260,826 (-14.6%) | 0.00 | 319 |
2019-10-01 | $187,043 (2.6%) | $237,863 (-21.2%) | 0.00 | 319 |
2019-11-01 | $179,900 (0.0%) | $234,987 (-21.3%) | 0.00 | 312 |
2019-12-01 | $184,900 (2.8%) | $237,181 (-22.6%) | 0.00 | 285 |
2020-01-01 | $179,900 (0.2%) | $235,181 (-24.6%) | 0.00 | 261 |
2020-02-01 | $186,125 (3.5%) | $311,998 (0.6%) | 0.00 | 240 |
2020-03-01 | $177,300 (-8.9%) | $307,151 (-4.6%) | 0.00 | 231 |
2020-04-01 | $176,450 (-15.5%) | $320,182 (-4.8%) | 0.00 | 215 |
2020-05-01 | $189,453 (-9.7%) | $360,468 (10.2%) | 0.00 | 154 |
2020-06-01 | $204,524 (2.3%) | $381,550 (18.8%) | 0.00 | 139 |
2020-07-01 | $198,975 (7.3%) | $375,026 (20.4%) | 0.00 | 144 |
2020-08-01 | $189,500 (1.8%) | $357,732 (23.6%) | 0.00 | 161 |
2020-09-01 | $186,953 (-0.6%) | $346,784 (33.0%) | 0.00 | 171 |
2020-10-01 | $189,900 (1.5%) | $349,454 (46.9%) | 0.00 | 168 |
2020-11-01 | $191,900 (6.7%) | $355,545 (51.3%) | 0.00 | 161 |
2020-12-01 | $190,550 (3.1%) | $357,838 (50.9%) | 0.00 | 148 |
2021-01-01 | $193,700 (7.7%) | $245,967 (4.6%) | 0.00 | 144 |
2021-02-01 | $194,200 (4.3%) | $261,590 (-16.2%) | 0.00 | 116 |
2021-03-01 | $189,800 (7.1%) | $252,412 (-17.8%) | 0.00 | 109 |
2021-04-01 | $177,200 (0.4%) | $246,955 (-22.9%) | 0.00 | 119 |
2021-05-01 | $199,900 (5.5%) | $300,932 (-16.5%) | 0.00 | 104 |
2021-06-01 | $205,400 (0.4%) | $285,759 (-25.1%) | 0.00 | 112 |
2021-07-01 | $189,900 (-4.6%) | $269,648 (-28.1%) | 0.00 | 130 |
2021-08-01 | $199,925 (5.5%) | $262,782 (-26.5%) | 0.00 | 140 |
2021-09-01 | $202,650 (8.4%) | $266,914 (-23.0%) | 0.00 | 152 |
2021-10-01 | $199,000 (4.8%) | $271,695 (-22.3%) | 0.00 | 136 |
2021-11-01 | $173,150 (-9.8%) | $278,097 (-21.8%) | 0.00 | 128 |
2021-12-01 | $196,700 (3.2%) | $273,001 (-23.7%) | 0.00 | 130 |
2022-01-01 | $189,500 (-2.2%) | $266,264 (8.3%) | 0.00 | 112 |
2022-02-01 | $178,200 (-8.2%) | $257,300 (-1.6%) | 0.00 | 102 |
2022-03-01 | $199,900 (5.3%) | $263,249 (4.3%) | 0.00 | 102 |
2022-04-01 | $209,500 (18.2%) | $277,311 (12.3%) | 0.00 | 97 |
2022-05-01 | $242,400 (21.3%) | $294,812 (-2.0%) | 0.00 | 128 |
2022-06-01 | $246,175 (19.9%) | $292,614 (2.4%) | 0.00 | 154 |
2022-07-01 | $259,900 (36.9%) | $305,176 (13.2%) | 0.00 | 177 |
2022-08-01 | $257,049 (28.6%) | $309,211 (17.7%) | 0.00 | 180 |
2022-09-01 | $242,500 (19.7%) | $298,823 (12.0%) | 0.00 | 196 |
2022-10-01 | $234,900 (18.0%) | $298,299 (9.8%) | 0.00 | 201 |
2022-11-01 | $234,900 (35.7%) | $298,987 (7.5%) | 0.00 | 237 |
2022-12-01 | $237,700 (20.8%) | $349,135 (27.9%) | 0.00 | 242 |
2023-01-01 | $254,550 (34.3%) | $353,703 (32.8%) | 0.00 | 231 |
2023-02-01 | $254,725 (42.9%) | $358,280 (39.3%) | 0.00 | 213 |
2023-03-01 | $260,350 (30.2%) | $380,004 (44.4%) | 0.00 | 180 |
2023-04-01 | $274,000 (30.8%) | $405,666 (46.3%) | 0.00 | 161 |
2023-05-01 | $272,875 (12.6%) | $404,964 (37.4%) | 0.00 | 161 |
2023-06-01 | $274,950 (11.7%) | $330,794 (13.1%) | 0.00 | 177 |
2023-07-01 | $269,000 (3.5%) | $320,568 (5.0%) | 0.00 | 183 |
2023-08-01 | $263,825 (2.6%) | $311,867 (0.9%) | 0.00 | 196 |
2023-09-01 | $260,000 (7.2%) | $307,473 (2.9%) | 0.00 | 211 |
2023-10-01 | $262,400 (11.7%) | $303,982 (1.9%) | 0.00 | 231 |
2023-11-01 | $266,150 (13.3%) | $296,060 (-1.0%) | 0.00 | 237 |
2023-12-01 | $250,000 (5.2%) | $291,919 (-16.4%) | 0.00 | 234 |
2024-01-01 | $269,800 (6.0%) | $360,495 (1.9%) | 0.00 | 199 |
2024-02-01 | $277,350 (8.9%) | $382,661 (6.8%) | 0.00 | 195 |
2024-03-01 | $279,900 (7.5%) | $384,605 (1.2%) | 0.00 | 185 |
2024-04-01 | $269,450 (-1.7%) | $362,369 (-10.7%) | 0.00 | 187 |
2024-05-01 | $269,900 (-1.1%) | $371,340 (-8.3%) | 0.00 | 203 |
2024-06-01 | $269,900 (-1.8%) | $375,558 (13.5%) | 0.00 | 215 |
2024-07-01 | $272,450 (1.3%) | $345,280 (7.7%) | 0.00 | 209 |
2024-08-01 | $272,400 (3.3%) | $382,959 (22.8%) | 0.00 | 228 |
2024-09-01 | $272,400 (4.8%) | $390,621 (27.0%) | 0.00 | 231 |
2024-10-01 | $272,125 (3.7%) | $382,394 (25.8%) | 0.00 | 240 |
Owensboro's median listing price comes in at 0% of the national average.
Owensboro's average listing price for 2024-10-01 was $382,394, a difference of $78,412 (25.8%) versus the prior year and $-8,227 versus the prior month.
For the 2024-10-01 period, Owensboro had 240 MLS listings, a difference of 9 listings (4%) versus the prior month and 9 listings (4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Owensboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,909 sqft |
2018-02-01 | 0 days | 1,894 sqft |
2018-03-01 | 0 days | 1,875 sqft |
2018-04-01 | 0 days | 1,933 sqft |
2018-05-01 | 0 days | 1,961 sqft |
2018-06-01 | 0 days | 1,964 sqft |
2018-07-01 | 0 days | 1,950 sqft |
2018-08-01 | 0 days | 1,962 sqft |
2018-09-01 | 0 days | 1,966 sqft |
2018-10-01 | 0 days | 1,940 sqft |
2018-11-01 | 0 days | 1,940 sqft |
2018-12-01 | 0 days | 1,946 sqft |
2019-01-01 | 0 days | 1,860 sqft |
2019-02-01 | 0 days | 1,898 sqft |
2019-03-01 | 0 days | 2,017 sqft |
2019-04-01 | 0 days | 2,142 sqft |
2019-05-01 | 0 days | 2,032 sqft |
2019-06-01 | 0 days | 2,080 sqft |
2019-07-01 | 0 days | 1,982 sqft |
2019-08-01 | 0 days | 1,925 sqft |
2019-09-01 | 0 days | 1,843 sqft |
2019-10-01 | 0 days | 1,769 sqft |
2019-11-01 | 0 days | 1,704 sqft |
2019-12-01 | 0 days | 1,694 sqft |
2020-01-01 | 0 days | 1,697 sqft |
2020-02-01 | 0 days | 1,835 sqft |
2020-03-01 | 0 days | 1,696 sqft |
2020-04-01 | 0 days | 1,690 sqft |
2020-05-01 | 0 days | 1,814 sqft |
2020-06-01 | 0 days | 1,824 sqft |
2020-07-01 | 0 days | 1,916 sqft |
2020-08-01 | 0 days | 1,764 sqft |
2020-09-01 | 0 days | 1,740 sqft |
2020-10-01 | 0 days | 1,772 sqft |
2020-11-01 | 0 days | 1,776 sqft |
2020-12-01 | 0 days | 1,770 sqft |
2021-01-01 | 0 days | 1,747 sqft |
2021-02-01 | 0 days | 1,777 sqft |
2021-03-01 | 0 days | 1,715 sqft |
2021-04-01 | 0 days | 1,659 sqft |
2021-05-01 | 0 days | 1,698 sqft |
2021-06-01 | 0 days | 1,679 sqft |
2021-07-01 | 0 days | 1,596 sqft |
2021-08-01 | 0 days | 1,659 sqft |
2021-09-01 | 0 days | 1,666 sqft |
2021-10-01 | 0 days | 1,630 sqft |
2021-11-01 | 0 days | 1,599 sqft |
2021-12-01 | 0 days | 1,551 sqft |
2022-01-01 | 0 days | 1,515 sqft |
2022-02-01 | 0 days | 1,555 sqft |
2022-03-01 | 0 days | 1,612 sqft |
2022-04-01 | 0 days | 1,739 sqft |
2022-05-01 | 0 days | 1,814 sqft |
2022-06-01 | 0 days | 1,813 sqft |
2022-07-01 | 0 days | 1,892 sqft |
2022-08-01 | 0 days | 1,899 sqft |
2022-09-01 | 0 days | 1,730 sqft |
2022-10-01 | 0 days | 1,683 sqft |
2022-11-01 | 0 days | 1,699 sqft |
2022-12-01 | 0 days | 1,700 sqft |
2023-01-01 | 0 days | 1,768 sqft |
2023-02-01 | 0 days | 1,798 sqft |
2023-03-01 | 0 days | 1,800 sqft |
2023-04-01 | 0 days | 1,788 sqft |
2023-05-01 | 0 days | 1,800 sqft |
2023-06-01 | 0 days | 1,845 sqft |
2023-07-01 | 0 days | 1,803 sqft |
2023-08-01 | 0 days | 1,783 sqft |
2023-09-01 | 0 days | 1,803 sqft |
2023-10-01 | 0 days | 1,806 sqft |
2023-11-01 | 0 days | 1,723 sqft |
2023-12-01 | 0 days | 1,686 sqft |
2024-01-01 | 0 days | 1,719 sqft |
2024-02-01 | 0 days | 1,798 sqft |
2024-03-01 | 0 days | 1,800 sqft |
2024-04-01 | 0 days | 1,732 sqft |
2024-05-01 | 0 days | 1,745 sqft |
2024-06-01 | 0 days | 1,881 sqft |
2024-07-01 | 0 days | 1,861 sqft |
2024-08-01 | 0 days | 1,865 sqft |
2024-09-01 | 0 days | 1,898 sqft |
2024-10-01 | 0 days | 1,870 sqft |
Owensboro's median square footage for active listings during the 2024-10-01 period was 1,870 sqft. One year prior, the average listing was 1,806 sqft.