Paducah VA Loan Rates, Closing Costs & Stats

Paducah, KY-IL

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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.

    Paducah's 35 lenders originated 105 VA loans during 2023. The total origination value was $24,055,000, with an average VA loan value of $229,095.

    Paducah VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Paducah averaged 6.25% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Paducah's average VA mortgage closing costs are $4,765.

    The average rate for the prior week (2024-12-06) was 6.59% and one month ago for the week of 2024-11-08, the average rate was 6.88%.

    The average rate one year ago was 6.83%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.08%.

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

    Paducah 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 Paducah level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 36 6.89% $4,418
    QUICKEN LOANS, LLC 8 6.21% $14,542
    EVERETT FINANCIAL, INC. 4 7.13% $2,877
    RUOFF MORTGAGE COMPANY, INC. 3 6.92% $4,201
    FREEDOM MORTGAGE CORPORATION 3 6.58% $15,023
    GERSHMAN INVESTMENT CORP. 3 6.54% $4,395
    UNITED WHOLESALE MORTGAGE, LLC 3 6.29% $3,094
    CapStar Bank 2 6.94% $3,654
    NEW DAY FINANCIAL, LLC 2 7.50% $4,030
    Mr. Cooper ( Nationstar Mortgage ) 2 5.63% $26,016
    STOCKTON MORTGAGE CORPORATION 2 6.19% $10,846
    NAVY FEDERAL CREDIT UNION 2 5.63% $3,291
    The Federal Savings Bank 2 6.75% $12,185
    FLAT BRANCH MORTGAGE, INC. 2 6.94% $4,337
    USAA Federal Savings Bank 2 5.81% $9,746
    U.S. Bank 2 7.19% $7,237
    VILLAGE CAPITAL MORTGAGE 2 6.25% $6,382
    LOANDEPOT.COM, LLC 2 6.13% $8,283
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $7,017
    Barrington Bank & Trust Company, N.A. 1 6.75% $2,734
    Citizens Bank 1 7.13% $1,420
    CRESCENT MORTGAGE COMPANY 1 7.38% $6,293
    Equity Prime Mortgage LLC 1 6.75% $2,486
    Fifth Third Bank 1 7.13% $8,724
    First National Bank of Omaha 1 7.13% $4,765
    FirstTrust Home Loans, Inc. 1 7.75% $10,432
    Flagstar Bank, FSB 1 7.49% $3,868
    Magnolia Bank 1 6.00% $7,096
    ACOPIA, LLC 1 6.50% $3,871
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $4,426
    NATIONS DIRECT MORTGAGE, LLC 1 7.25% $8,111
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $1,881
    PENTAGON FEDERAL CREDIT UNION 1 5.13% $3,589
    Plains Commerce Bank 1 6.63% $6,416
    T2 FINANCIAL LLC 1 7.13% $11,107

    The top Paducah VA lender as defined by loan originations is Mortgage Research Center, LLC, with 36 VA loans originated. Their average total fees are $4,418, which is $10,124 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Paducah VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,418), .

    The lowest rate Paducah VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.89%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Paducah (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 $139,075 (-0.6%) $174,726 (-7.4%) 0.00 559
    2018-02-01 $137,400 (-1.8%) $172,011 (-9.1%) 0.00 552
    2018-03-01 $149,000 (5.0%) $177,370 (-7.5%) 0.00 572
    2018-04-01 $145,700 (-2.2%) $180,997 (-7.6%) 0.00 582
    2018-05-01 $149,900 (0.1%) $186,747 (-5.6%) 0.00 609
    2018-06-01 $145,000 (-3.3%) $187,946 (-3.1%) 0.00 619
    2018-07-01 $139,900 (-7.3%) $181,926 (-6.6%) 0.00 637
    2018-08-01 $138,475 (-7.6%) $179,265 (-6.1%) 0.00 616
    2018-09-01 $135,000 (-8.5%) $179,000 (-4.2%) 0.00 601
    2018-10-01 $137,975 (-8.0%) $183,246 (-2.5%) 0.00 578
    2018-11-01 $139,450 (-0.3%) $183,514 (1.6%) 0.00 565
    2018-12-01 $144,900 (3.6%) $191,992 (7.8%) 0.00 522
    2019-01-01 $144,925 (4.2%) $193,506 (10.8%) 0.00 506
    2019-02-01 $144,950 (5.5%) $196,582 (14.3%) 0.00 522
    2019-03-01 $144,929 (-2.7%) $197,148 (11.2%) 0.00 549
    2019-04-01 $142,450 (-2.2%) $195,570 (8.1%) 0.00 557
    2019-05-01 $145,000 (-3.3%) $201,464 (7.9%) 0.00 553
    2019-06-01 $144,900 (-0.1%) $203,144 (8.1%) 0.00 573
    2019-07-01 $144,900 (3.6%) $203,214 (11.7%) 0.00 574
    2019-08-01 $147,791 (6.7%) $207,439 (15.7%) 0.00 566
    2019-09-01 $148,977 (10.4%) $209,185 (16.9%) 0.00 552
    2019-10-01 $149,900 (8.6%) $210,367 (14.8%) 0.00 542
    2019-11-01 $152,000 (9.0%) $213,373 (16.3%) 0.00 520
    2019-12-01 $154,900 (6.9%) $217,170 (13.1%) 0.00 479
    2020-01-01 $144,825 (-0.1%) $211,855 (9.5%) 0.00 446
    2020-02-01 $139,900 (-3.5%) $216,302 (10.0%) 0.00 370
    2020-03-01 $149,900 (3.4%) $227,890 (15.6%) 0.00 371
    2020-04-01 $149,800 (5.2%) $230,678 (18.0%) 0.00 351
    2020-05-01 $149,900 (3.4%) $229,128 (13.7%) 0.00 311
    2020-06-01 $163,200 (12.6%) $234,589 (15.5%) 0.00 305
    2020-07-01 $169,900 (17.3%) $234,209 (15.3%) 0.00 305
    2020-08-01 $164,440 (11.3%) $233,403 (12.5%) 0.00 287
    2020-09-01 $146,325 (-1.8%) $220,652 (5.5%) 0.00 273
    2020-10-01 $149,900 (0.0%) $215,811 (2.6%) 0.00 276
    2020-11-01 $144,900 (-4.7%) $215,335 (0.9%) 0.00 247
    2020-12-01 $154,900 (0.0%) $220,234 (1.4%) 0.00 239
    2021-01-01 $159,450 (10.1%) $218,848 (3.3%) 0.00 217
    2021-02-01 $146,150 (4.5%) $220,066 (1.7%) 0.00 197
    2021-03-01 $136,598 (-8.9%) $203,941 (-10.5%) 0.00 166
    2021-04-01 $144,700 (-3.4%) $217,685 (-5.6%) 0.00 150
    2021-05-01 $149,900 (0.0%) $217,145 (-5.2%) 0.00 150
    2021-06-01 $137,700 (-15.6%) $245,225 (4.5%) 0.00 155
    2021-07-01 $147,900 (-13.0%) $263,560 (12.5%) 0.00 154
    2021-08-01 $154,200 (-6.2%) $267,864 (14.8%) 0.00 147
    2021-09-01 $134,246 (-8.3%) $245,732 (11.4%) 0.00 145
    2021-10-01 $147,500 (-1.6%) $236,511 (9.6%) 0.00 144
    2021-11-01 $147,069 (1.5%) $266,666 (23.8%) 0.00 145
    2021-12-01 $127,450 (-17.7%) $210,793 (-4.3%) 0.00 135
    2022-01-01 $139,900 (-12.3%) $221,215 (1.1%) 0.00 124
    2022-02-01 $139,900 (-4.3%) $220,431 (0.2%) 0.00 119
    2022-03-01 $139,800 (2.3%) $261,517 (28.2%) 0.00 141
    2022-04-01 $134,695 (-6.9%) $230,980 (6.1%) 0.00 145
    2022-05-01 $139,900 (-6.7%) $232,572 (7.1%) 0.00 148
    2022-06-01 $143,675 (4.3%) $234,177 (-4.5%) 0.00 158
    2022-07-01 $159,500 (7.8%) $249,432 (-5.4%) 0.00 165
    2022-08-01 $177,158 (14.9%) $247,205 (-7.7%) 0.00 162
    2022-09-01 $189,950 (41.5%) $241,690 (-1.6%) 0.00 167
    2022-10-01 $219,950 (49.1%) $257,187 (8.7%) 0.00 164
    2022-11-01 $215,175 (46.3%) $268,267 (0.6%) 0.00 160
    2022-12-01 $210,000 (64.8%) $268,591 (27.4%) 0.00 160
    2023-01-01 $223,163 (59.5%) $269,911 (22.0%) 0.00 135
    2023-02-01 $223,188 (59.5%) $270,168 (22.6%) 0.00 134
    2023-03-01 $218,425 (56.2%) $270,308 (3.4%) 0.00 135
    2023-04-01 $219,900 (63.3%) $285,337 (23.5%) 0.00 130
    2023-05-01 $228,675 (63.5%) $293,851 (26.4%) 0.00 132
    2023-06-01 $241,175 (67.9%) $299,118 (27.7%) 0.00 147
    2023-07-01 $249,900 (56.7%) $294,951 (18.3%) 0.00 163
    2023-08-01 $257,200 (45.2%) $303,432 (22.8%) 0.00 167
    2023-09-01 $238,500 (25.6%) $294,387 (21.8%) 0.00 175
    2023-10-01 $231,675 (5.3%) $295,405 (14.9%) 0.00 177
    2023-11-01 $241,000 (12.0%) $316,416 (18.0%) 0.00 177
    2023-12-01 $264,900 (26.1%) $307,656 (14.5%) 0.00 167
    2024-01-01 $274,950 (23.2%) $306,569 (13.6%) 0.00 160
    2024-02-01 $289,800 (29.9%) $305,955 (13.3%) 0.00 165
    2024-03-01 $280,000 (28.2%) $321,471 (18.9%) 0.00 160
    2024-04-01 $265,950 (20.9%) $314,020 (10.1%) 0.00 165
    2024-05-01 $279,725 (22.3%) $321,165 (9.3%) 0.00 176
    2024-06-01 $277,000 (14.9%) $328,615 (9.9%) 0.00 198
    2024-07-01 $279,450 (11.8%) $331,158 (12.3%) 0.00 209
    2024-08-01 $249,900 (-2.8%) $309,089 (1.9%) 0.00 229
    2024-09-01 $259,450 (8.8%) $318,255 (8.1%) 0.00 230
    2024-10-01 $249,900 (7.9%) $326,060 (10.4%) 0.00 234
    2024-11-01 $240,500 (-0.2%) $322,058 (1.8%) 0.00 236
    Paducah's median listing price for 2024-11-01 was $240,500, a difference of $-500 (-0.2%) versus the prior year and $-9,400 versus the prior month.

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

    Paducah's average listing price for 2024-11-01 was $322,058, a difference of $5,642 (1.8%) versus the prior year and $-4,002 versus the prior month.

    For the 2024-11-01 period, Paducah had 236 MLS listings, a difference of 2 listings (1%) versus the prior month and 59 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Paducah (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,777 sqft
    2018-02-01 0 days 1,726 sqft
    2018-03-01 0 days 1,782 sqft
    2018-04-01 0 days 1,808 sqft
    2018-05-01 0 days 1,819 sqft
    2018-06-01 0 days 1,808 sqft
    2018-07-01 0 days 1,803 sqft
    2018-08-01 0 days 1,800 sqft
    2018-09-01 0 days 1,790 sqft
    2018-10-01 0 days 1,769 sqft
    2018-11-01 0 days 1,767 sqft
    2018-12-01 0 days 1,800 sqft
    2019-01-01 0 days 1,800 sqft
    2019-02-01 0 days 1,781 sqft
    2019-03-01 0 days 1,774 sqft
    2019-04-01 0 days 1,740 sqft
    2019-05-01 0 days 1,738 sqft
    2019-06-01 0 days 1,757 sqft
    2019-07-01 0 days 1,726 sqft
    2019-08-01 0 days 1,771 sqft
    2019-09-01 0 days 1,794 sqft
    2019-10-01 0 days 1,811 sqft
    2019-11-01 0 days 1,852 sqft
    2019-12-01 0 days 1,921 sqft
    2020-01-01 0 days 1,813 sqft
    2020-02-01 0 days 1,768 sqft
    2020-03-01 0 days 1,895 sqft
    2020-04-01 0 days 1,894 sqft
    2020-05-01 0 days 1,926 sqft
    2020-06-01 0 days 1,915 sqft
    2020-07-01 0 days 1,952 sqft
    2020-08-01 0 days 1,880 sqft
    2020-09-01 0 days 1,752 sqft
    2020-10-01 0 days 1,728 sqft
    2020-11-01 0 days 1,732 sqft
    2020-12-01 0 days 1,775 sqft
    2021-01-01 0 days 1,800 sqft
    2021-02-01 0 days 1,787 sqft
    2021-03-01 0 days 1,712 sqft
    2021-04-01 0 days 1,788 sqft
    2021-05-01 0 days 1,708 sqft
    2021-06-01 0 days 1,625 sqft
    2021-07-01 0 days 1,696 sqft
    2021-08-01 0 days 1,803 sqft
    2021-09-01 0 days 1,674 sqft
    2021-10-01 0 days 1,667 sqft
    2021-11-01 0 days 1,588 sqft
    2021-12-01 0 days 1,457 sqft
    2022-01-01 0 days 1,500 sqft
    2022-02-01 0 days 1,398 sqft
    2022-03-01 0 days 1,439 sqft
    2022-04-01 0 days 1,480 sqft
    2022-05-01 0 days 1,462 sqft
    2022-06-01 0 days 1,488 sqft
    2022-07-01 0 days 1,603 sqft
    2022-08-01 0 days 1,601 sqft
    2022-09-01 0 days 1,603 sqft
    2022-10-01 0 days 1,727 sqft
    2022-11-01 0 days 1,785 sqft
    2022-12-01 0 days 1,834 sqft
    2023-01-01 0 days 1,821 sqft
    2023-02-01 0 days 1,750 sqft
    2023-03-01 0 days 1,800 sqft
    2023-04-01 0 days 1,762 sqft
    2023-05-01 0 days 1,738 sqft
    2023-06-01 0 days 1,822 sqft
    2023-07-01 0 days 1,835 sqft
    2023-08-01 0 days 1,869 sqft
    2023-09-01 0 days 1,854 sqft
    2023-10-01 0 days 1,859 sqft
    2023-11-01 0 days 1,977 sqft
    2023-12-01 0 days 1,900 sqft
    2024-01-01 0 days 1,957 sqft
    2024-02-01 0 days 1,928 sqft
    2024-03-01 0 days 2,020 sqft
    2024-04-01 0 days 1,873 sqft
    2024-05-01 0 days 1,997 sqft
    2024-06-01 0 days 1,947 sqft
    2024-07-01 0 days 1,985 sqft
    2024-08-01 0 days 1,905 sqft
    2024-09-01 0 days 1,976 sqft
    2024-10-01 0 days 1,896 sqft
    2024-11-01 0 days 1,800 sqft
    Paducah's median listing age (time on market) for 2024-11-01 was 0 days.

    Paducah's median square footage for active listings during the 2024-11-01 period was 1,800 sqft. One year prior, the average listing was 1,977 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.