Owensboro VA Loan Rates, Closing Costs & Stats

OWENSBORO, KY

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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.

    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 6.57% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Owensboro's average VA mortgage closing costs are $4,893.

    The average rate for the prior week (2025-02-07) was 6.4% and one month ago for the week of 2025-01-10, the average rate was 6.74%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.98%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 27 6.73% $6,252
    EVANSVILLE TEACHERS 11 6.59% $7,595
    FBC MORTGAGE, LLC 8 5.25% $7,637
    QUICKEN LOANS, LLC 7 6.21% $12,141
    USAA Federal Savings Bank 6 6.04% $9,776
    NEW DAY FINANCIAL, LLC 6 7.46% $8,410
    NAVY FEDERAL CREDIT UNION 5 5.43% $6,731
    UNITED WHOLESALE MORTGAGE, LLC 5 6.92% $2,780
    U.S. Bank 4 6.62% $5,279
    PENNYMAC LOAN SERVICES, LLC 4 5.84% $7,948
    CHURCHILL MORTGAGE CORPORATION 3 6.29% $6,796
    FREEDOM MORTGAGE CORPORATION 3 6.75% $18,541
    STOCKTON MORTGAGE CORPORATION 1 8.13% $2,764
    TOP FLITE FINANCIAL, INC. 1 7.00% $6,129
    VILLAGE CAPITAL MORTGAGE 1 5.50% $4,699
    Barrington Bank & Trust Company, N.A. 1 7.50% $13,678
    Wells Fargo Bank 1 5.63% $4,069
    EQUITY RESOURCES, INC. 1 6.25% $5,097
    Fifth Third Bank 1 5.88% $2,056
    First Federal Bank 1 6.50% $3,599
    FIRST MORTGAGE COMPANY, INC. 1 7.49% $9,457
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.25% $6,680
    HOMESIDE FINANCIAL, LLC 1 7.25% $787
    JPMorgan Chase Bank 1 7.25% $3,222
    Magnolia Bank 1 6.13% $3,371
    MORTGAGE MASTERS OF INDIANA, INC. 1 6.13% $4,138
    MOVEMENT MORTGAGE, LLC 1 6.00% $1,047
    Old National Bank 1 6.25% $2,936

    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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $171,897 (7.8%) $245,114 (23.0%) 0.00 274
    2018-02-01 $174,197 (4.1%) $247,681 (25.4%) 0.00 269
    2018-03-01 $172,900 (1.8%) $240,004 (19.4%) 0.00 261
    2018-04-01 $174,769 (-2.9%) $246,403 (15.4%) 0.00 267
    2018-05-01 $174,975 (-6.6%) $251,602 (6.8%) 0.00 265
    2018-06-01 $184,900 (5.7%) $329,892 (41.8%) 0.00 284
    2018-07-01 $187,400 (7.2%) $321,173 (33.8%) 0.00 308
    2018-08-01 $186,900 (2.6%) $314,275 (28.7%) 0.00 327
    2018-09-01 $179,900 (5.9%) $311,301 (30.3%) 0.00 327
    2018-10-01 $182,400 (9.0%) $306,229 (28.7%) 0.00 338
    2018-11-01 $179,742 (9.0%) $302,974 (29.7%) 0.00 337
    2018-12-01 $184,900 (12.1%) $315,070 (34.3%) 0.00 300
    2019-01-01 $179,875 (4.6%) $320,601 (30.8%) 0.00 284
    2019-02-01 $187,200 (7.5%) $320,592 (29.4%) 0.00 271
    2019-03-01 $198,264 (14.7%) $331,545 (38.1%) 0.00 256
    2019-04-01 $212,450 (21.6%) $344,574 (39.8%) 0.00 250
    2019-05-01 $214,500 (22.6%) $336,873 (33.9%) 0.00 247
    2019-06-01 $204,900 (10.8%) $331,416 (0.5%) 0.00 271
    2019-07-01 $189,800 (1.3%) $318,621 (-0.8%) 0.00 300
    2019-08-01 $185,579 (-0.7%) $294,607 (-6.3%) 0.00 303
    2019-09-01 $186,449 (3.6%) $263,363 (-15.4%) 0.00 301
    2019-10-01 $185,916 (1.9%) $238,064 (-22.3%) 0.00 302
    2019-11-01 $179,900 (0.1%) $237,318 (-21.7%) 0.00 294
    2019-12-01 $184,900 (0.0%) $239,327 (-24.0%) 0.00 274
    2020-01-01 $179,900 (0.0%) $236,664 (-26.2%) 0.00 255
    2020-02-01 $184,900 (-1.2%) $314,462 (-1.9%) 0.00 234
    2020-03-01 $175,925 (-11.3%) $311,280 (-6.1%) 0.00 223
    2020-04-01 $173,907 (-18.1%) $323,513 (-6.1%) 0.00 208
    2020-05-01 $189,900 (-11.5%) $368,430 (9.4%) 0.00 147
    2020-06-01 $217,024 (5.9%) $391,970 (18.3%) 0.00 132
    2020-07-01 $199,950 (5.4%) $385,588 (21.0%) 0.00 135
    2020-08-01 $194,000 (4.5%) $364,222 (23.6%) 0.00 154
    2020-09-01 $187,250 (0.4%) $353,295 (34.2%) 0.00 164
    2020-10-01 $190,000 (2.2%) $357,351 (50.1%) 0.00 161
    2020-11-01 $193,100 (7.3%) $360,446 (51.9%) 0.00 157
    2020-12-01 $191,800 (3.7%) $360,676 (50.7%) 0.00 145
    2021-01-01 $193,700 (7.7%) $247,420 (4.6%) 0.00 141
    2021-02-01 $194,200 (5.0%) $264,390 (-15.9%) 0.00 111
    2021-03-01 $189,825 (7.9%) $251,902 (-19.1%) 0.00 108
    2021-04-01 $176,200 (1.3%) $245,750 (-24.0%) 0.00 119
    2021-05-01 $199,900 (5.3%) $302,207 (-18.0%) 0.00 101
    2021-06-01 $204,150 (-5.9%) $285,994 (-27.0%) 0.00 110
    2021-07-01 $189,950 (-5.0%) $269,326 (-30.2%) 0.00 126
    2021-08-01 $199,900 (3.0%) $263,068 (-27.8%) 0.00 133
    2021-09-01 $199,750 (6.7%) $266,483 (-24.6%) 0.00 144
    2021-10-01 $196,950 (3.7%) $272,272 (-23.8%) 0.00 129
    2021-11-01 $174,400 (-9.7%) $281,177 (-22.0%) 0.00 123
    2021-12-01 $194,200 (1.3%) $276,533 (-23.3%) 0.00 126
    2022-01-01 $187,200 (-3.4%) $269,128 (8.8%) 0.00 108
    2022-02-01 $178,175 (-8.3%) $260,296 (-1.6%) 0.00 97
    2022-03-01 $189,900 (0.0%) $266,396 (5.8%) 0.00 95
    2022-04-01 $202,450 (14.9%) $280,646 (14.2%) 0.00 90
    2022-05-01 $239,800 (20.0%) $299,220 (-1.0%) 0.00 121
    2022-06-01 $244,925 (20.0%) $295,583 (3.4%) 0.00 149
    2022-07-01 $259,900 (36.8%) $304,277 (13.0%) 0.00 171
    2022-08-01 $262,266 (31.2%) $309,923 (17.8%) 0.00 168
    2022-09-01 $247,400 (23.9%) $299,195 (12.3%) 0.00 182
    2022-10-01 $234,900 (19.3%) $295,777 (8.6%) 0.00 185
    2022-11-01 $234,900 (34.7%) $296,523 (5.5%) 0.00 219
    2022-12-01 $237,700 (22.4%) $353,500 (27.8%) 0.00 227
    2023-01-01 $256,500 (37.0%) $358,007 (33.0%) 0.00 210
    2023-02-01 $259,900 (45.9%) $368,502 (41.6%) 0.00 194
    2023-03-01 $265,400 (39.8%) $394,187 (48.0%) 0.00 164
    2023-04-01 $277,450 (37.1%) $417,496 (48.8%) 0.00 149
    2023-05-01 $277,400 (15.7%) $417,361 (39.5%) 0.00 149
    2023-06-01 $274,950 (12.3%) $334,261 (13.1%) 0.00 168
    2023-07-01 $264,900 (1.9%) $318,557 (4.7%) 0.00 172
    2023-08-01 $260,875 (-0.5%) $311,924 (0.7%) 0.00 184
    2023-09-01 $259,900 (5.1%) $308,848 (3.2%) 0.00 195
    2023-10-01 $259,650 (10.5%) $304,752 (3.0%) 0.00 216
    2023-11-01 $262,625 (11.8%) $295,487 (-0.4%) 0.00 223
    2023-12-01 $250,000 (5.2%) $294,401 (-16.7%) 0.00 216
    2024-01-01 $269,700 (5.2%) $368,925 (3.1%) 0.00 182
    2024-02-01 $277,350 (6.7%) $388,445 (5.4%) 0.00 184
    2024-03-01 $284,800 (7.3%) $393,781 (-0.1%) 0.00 173
    2024-04-01 $269,900 (-2.7%) $371,960 (-10.9%) 0.00 172
    2024-05-01 $273,900 (-1.3%) $374,496 (-10.3%) 0.00 191
    2024-06-01 $269,900 (-1.8%) $370,405 (10.8%) 0.00 205
    2024-07-01 $279,800 (5.6%) $352,547 (10.7%) 0.00 197
    2024-08-01 $279,900 (7.3%) $390,943 (25.3%) 0.00 217
    2024-09-01 $283,650 (9.1%) $401,517 (30.0%) 0.00 217
    2024-10-01 $276,575 (6.5%) $390,513 (28.1%) 0.00 228
    2024-11-01 $279,900 (6.6%) $393,375 (33.1%) 0.00 233
    2024-12-01 $273,650 (9.5%) $382,643 (30.0%) 0.00 226
    2025-01-01 $279,100 (3.5%) $389,522 (5.6%) 0.00 215
    Owensboro's median listing price for 2025-01-01 was $279,100, a difference of $9,400 (3.5%) versus the prior year and $5,450 versus the prior month.

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

    Owensboro's average listing price for 2025-01-01 was $389,522, a difference of $20,597 (5.6%) versus the prior year and $6,879 versus the prior month.

    For the 2025-01-01 period, Owensboro had 215 MLS listings, a difference of -11 listings (-5%) versus the prior month and 33 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Owensboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,902 sqft
    2018-02-01 0 days 1,885 sqft
    2018-03-01 0 days 1,857 sqft
    2018-04-01 0 days 1,917 sqft
    2018-05-01 0 days 1,940 sqft
    2018-06-01 0 days 1,952 sqft
    2018-07-01 0 days 1,942 sqft
    2018-08-01 0 days 1,961 sqft
    2018-09-01 0 days 1,965 sqft
    2018-10-01 0 days 1,937 sqft
    2018-11-01 0 days 1,939 sqft
    2018-12-01 0 days 1,951 sqft
    2019-01-01 0 days 1,884 sqft
    2019-02-01 0 days 1,893 sqft
    2019-03-01 0 days 2,025 sqft
    2019-04-01 0 days 2,158 sqft
    2019-05-01 0 days 2,087 sqft
    2019-06-01 0 days 2,095 sqft
    2019-07-01 0 days 1,995 sqft
    2019-08-01 0 days 1,919 sqft
    2019-09-01 0 days 1,837 sqft
    2019-10-01 0 days 1,776 sqft
    2019-11-01 0 days 1,719 sqft
    2019-12-01 0 days 1,709 sqft
    2020-01-01 0 days 1,702 sqft
    2020-02-01 0 days 1,827 sqft
    2020-03-01 0 days 1,674 sqft
    2020-04-01 0 days 1,675 sqft
    2020-05-01 0 days 1,823 sqft
    2020-06-01 0 days 1,859 sqft
    2020-07-01 0 days 1,941 sqft
    2020-08-01 0 days 1,768 sqft
    2020-09-01 0 days 1,752 sqft
    2020-10-01 0 days 1,772 sqft
    2020-11-01 0 days 1,776 sqft
    2020-12-01 0 days 1,767 sqft
    2021-01-01 0 days 1,741 sqft
    2021-02-01 0 days 1,794 sqft
    2021-03-01 0 days 1,729 sqft
    2021-04-01 0 days 1,659 sqft
    2021-05-01 0 days 1,680 sqft
    2021-06-01 0 days 1,668 sqft
    2021-07-01 0 days 1,595 sqft
    2021-08-01 0 days 1,642 sqft
    2021-09-01 0 days 1,658 sqft
    2021-10-01 0 days 1,619 sqft
    2021-11-01 0 days 1,553 sqft
    2021-12-01 0 days 1,533 sqft
    2022-01-01 0 days 1,513 sqft
    2022-02-01 0 days 1,554 sqft
    2022-03-01 0 days 1,582 sqft
    2022-04-01 0 days 1,724 sqft
    2022-05-01 0 days 1,789 sqft
    2022-06-01 0 days 1,804 sqft
    2022-07-01 0 days 1,886 sqft
    2022-08-01 0 days 1,901 sqft
    2022-09-01 0 days 1,729 sqft
    2022-10-01 0 days 1,672 sqft
    2022-11-01 0 days 1,686 sqft
    2022-12-01 0 days 1,699 sqft
    2023-01-01 0 days 1,750 sqft
    2023-02-01 0 days 1,797 sqft
    2023-03-01 0 days 1,849 sqft
    2023-04-01 0 days 1,799 sqft
    2023-05-01 0 days 1,801 sqft
    2023-06-01 0 days 1,832 sqft
    2023-07-01 0 days 1,799 sqft
    2023-08-01 0 days 1,740 sqft
    2023-09-01 0 days 1,766 sqft
    2023-10-01 0 days 1,803 sqft
    2023-11-01 0 days 1,702 sqft
    2023-12-01 0 days 1,688 sqft
    2024-01-01 0 days 1,755 sqft
    2024-02-01 0 days 1,804 sqft
    2024-03-01 0 days 1,804 sqft
    2024-04-01 0 days 1,771 sqft
    2024-05-01 0 days 1,792 sqft
    2024-06-01 0 days 1,881 sqft
    2024-07-01 0 days 1,921 sqft
    2024-08-01 0 days 1,904 sqft
    2024-09-01 0 days 1,893 sqft
    2024-10-01 0 days 1,860 sqft
    2024-11-01 0 days 1,897 sqft
    2024-12-01 0 days 1,771 sqft
    2025-01-01 0 days 1,879 sqft
    Owensboro's median listing age (time on market) for 2025-01-01 was 0 days.

    Owensboro's median square footage for active listings during the 2025-01-01 period was 1,879 sqft. One year prior, the average listing was 1,755 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.