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 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.