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 6.6% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.84% and one month ago for the week of 2025-01-10, the average rate was 6.97%.

    The average rate one year ago was 6.6%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.53%.

    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 $134,900 (-3.2%) $172,507 (-8.2%) 0.00 576
    2018-02-01 $130,400 (-6.8%) $168,064 (-10.6%) 0.00 574
    2018-03-01 $139,950 (0.0%) $173,304 (-7.8%) 0.00 597
    2018-04-01 $144,000 (-0.7%) $176,895 (-8.4%) 0.00 606
    2018-05-01 $144,000 (-1.2%) $181,936 (-6.4%) 0.00 636
    2018-06-01 $141,450 (-3.8%) $183,752 (-3.8%) 0.00 643
    2018-07-01 $139,175 (-7.2%) $178,381 (-6.8%) 0.00 660
    2018-08-01 $135,000 (-8.8%) $175,995 (-6.4%) 0.00 637
    2018-09-01 $134,900 (-3.6%) $175,828 (-4.3%) 0.00 622
    2018-10-01 $134,950 (-6.9%) $179,621 (-2.8%) 0.00 602
    2018-11-01 $135,000 (-3.5%) $179,989 (1.4%) 0.00 587
    2018-12-01 $144,200 (3.1%) $190,460 (8.1%) 0.00 534
    2019-01-01 $144,300 (7.0%) $192,272 (11.5%) 0.00 516
    2019-02-01 $144,400 (10.7%) $194,909 (16.0%) 0.00 531
    2019-03-01 $142,757 (2.0%) $194,875 (12.5%) 0.00 559
    2019-04-01 $139,900 (-2.9%) $192,546 (8.9%) 0.00 570
    2019-05-01 $142,200 (-1.3%) $199,434 (9.6%) 0.00 571
    2019-06-01 $139,900 (-1.1%) $203,082 (10.5%) 0.00 591
    2019-07-01 $139,900 (0.5%) $203,601 (14.1%) 0.00 592
    2019-08-01 $141,823 (5.1%) $207,452 (17.9%) 0.00 586
    2019-09-01 $144,707 (7.3%) $208,943 (18.8%) 0.00 574
    2019-10-01 $146,950 (8.9%) $209,938 (16.9%) 0.00 566
    2019-11-01 $149,000 (10.4%) $212,207 (17.9%) 0.00 543
    2019-12-01 $150,000 (4.0%) $218,611 (14.8%) 0.00 496
    2020-01-01 $139,925 (-3.0%) $211,960 (10.2%) 0.00 469
    2020-02-01 $139,000 (-3.7%) $214,521 (10.1%) 0.00 398
    2020-03-01 $144,950 (1.5%) $224,979 (15.5%) 0.00 400
    2020-04-01 $143,450 (2.5%) $225,846 (17.3%) 0.00 375
    2020-05-01 $145,000 (2.0%) $220,208 (10.4%) 0.00 329
    2020-06-01 $155,700 (11.3%) $227,078 (11.8%) 0.00 321
    2020-07-01 $161,075 (15.1%) $226,786 (11.4%) 0.00 320
    2020-08-01 $159,900 (12.8%) $226,102 (9.0%) 0.00 300
    2020-09-01 $139,675 (-3.5%) $213,566 (2.2%) 0.00 288
    2020-10-01 $141,400 (-3.8%) $209,374 (-0.3%) 0.00 289
    2020-11-01 $139,900 (-6.1%) $208,233 (-1.9%) 0.00 261
    2020-12-01 $145,175 (-3.2%) $215,524 (-1.4%) 0.00 250
    2021-01-01 $139,900 (0.0%) $213,793 (0.9%) 0.00 231
    2021-02-01 $139,450 (0.3%) $211,714 (-1.3%) 0.00 211
    2021-03-01 $132,450 (-8.6%) $198,056 (-12.0%) 0.00 178
    2021-04-01 $140,900 (-1.8%) $211,528 (-6.3%) 0.00 160
    2021-05-01 $149,450 (3.1%) $212,561 (-3.5%) 0.00 159
    2021-06-01 $136,225 (-12.5%) $240,066 (5.7%) 0.00 164
    2021-07-01 $139,900 (-13.2%) $256,508 (13.1%) 0.00 164
    2021-08-01 $149,900 (-6.3%) $258,878 (14.5%) 0.00 159
    2021-09-01 $129,450 (-7.3%) $233,801 (9.5%) 0.00 157
    2021-10-01 $138,900 (-1.8%) $226,388 (8.1%) 0.00 155
    2021-11-01 $139,900 (0.0%) $255,260 (22.6%) 0.00 156
    2021-12-01 $122,500 (-15.6%) $202,381 (-6.1%) 0.00 146
    2022-01-01 $125,000 (-10.7%) $209,838 (-1.9%) 0.00 133
    2022-02-01 $135,646 (-2.7%) $208,372 (-1.6%) 0.00 128
    2022-03-01 $129,950 (-1.9%) $249,714 (26.1%) 0.00 149
    2022-04-01 $129,900 (-7.8%) $222,637 (5.3%) 0.00 153
    2022-05-01 $138,650 (-7.2%) $226,500 (6.6%) 0.00 158
    2022-06-01 $139,925 (2.7%) $228,975 (-4.6%) 0.00 169
    2022-07-01 $159,000 (13.7%) $246,545 (-3.9%) 0.00 175
    2022-08-01 $174,725 (16.6%) $244,574 (-5.5%) 0.00 169
    2022-09-01 $184,500 (42.5%) $235,737 (0.8%) 0.00 176
    2022-10-01 $214,900 (54.7%) $250,850 (10.8%) 0.00 172
    2022-11-01 $203,450 (45.4%) $259,752 (1.8%) 0.00 171
    2022-12-01 $200,000 (63.3%) $261,998 (29.5%) 0.00 171
    2023-01-01 $219,950 (76.0%) $265,471 (26.5%) 0.00 144
    2023-02-01 $220,888 (62.8%) $263,829 (26.6%) 0.00 144
    2023-03-01 $211,225 (62.5%) $260,380 (4.3%) 0.00 144
    2023-04-01 $218,900 (68.5%) $278,152 (24.9%) 0.00 138
    2023-05-01 $217,475 (56.9%) $285,374 (26.0%) 0.00 141
    2023-06-01 $229,950 (64.3%) $291,931 (27.5%) 0.00 155
    2023-07-01 $244,950 (54.1%) $289,079 (17.3%) 0.00 173
    2023-08-01 $254,000 (45.4%) $298,922 (22.2%) 0.00 176
    2023-09-01 $238,500 (29.3%) $289,994 (23.0%) 0.00 183
    2023-10-01 $230,000 (7.0%) $289,726 (15.5%) 0.00 189
    2023-11-01 $235,750 (15.9%) $307,828 (18.5%) 0.00 189
    2023-12-01 $250,000 (25.0%) $302,644 (15.5%) 0.00 177
    2024-01-01 $269,950 (22.7%) $300,720 (13.3%) 0.00 168
    2024-02-01 $279,750 (26.7%) $300,044 (13.7%) 0.00 172
    2024-03-01 $275,000 (30.2%) $310,302 (19.2%) 0.00 168
    2024-04-01 $254,900 (16.5%) $307,308 (10.5%) 0.00 173
    2024-05-01 $271,950 (25.1%) $314,449 (10.2%) 0.00 182
    2024-06-01 $269,450 (17.2%) $320,062 (9.6%) 0.00 206
    2024-07-01 $266,750 (8.9%) $322,288 (11.5%) 0.00 220
    2024-08-01 $239,950 (-5.5%) $308,622 (3.3%) 0.00 240
    2024-09-01 $254,450 (6.7%) $318,696 (9.9%) 0.00 242
    2024-10-01 $249,900 (8.7%) $328,564 (13.4%) 0.00 251
    2024-11-01 $239,950 (1.8%) $323,117 (5.0%) 0.00 250
    2024-12-01 $249,950 (0.0%) $323,823 (7.0%) 0.00 239
    2025-01-01 $249,950 (-7.4%) $321,115 (6.8%) 0.00 225
    Paducah's median listing price for 2025-01-01 was $249,950, a difference of $-20,000 (-7.4%) versus the prior year and $0 versus the prior month.

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

    Paducah's average listing price for 2025-01-01 was $321,115, a difference of $20,395 (6.8%) versus the prior year and $-2,708 versus the prior month.

    For the 2025-01-01 period, Paducah had 225 MLS listings, a difference of -14 listings (-6%) versus the prior month and 57 listings (34%) 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 1,770 sqft
    2018-02-01 0 days 1,710 sqft
    2018-03-01 0 days 1,777 sqft
    2018-04-01 0 days 1,793 sqft
    2018-05-01 0 days 1,798 sqft
    2018-06-01 0 days 1,800 sqft
    2018-07-01 0 days 1,799 sqft
    2018-08-01 0 days 1,795 sqft
    2018-09-01 0 days 1,776 sqft
    2018-10-01 0 days 1,753 sqft
    2018-11-01 0 days 1,755 sqft
    2018-12-01 0 days 1,823 sqft
    2019-01-01 0 days 1,824 sqft
    2019-02-01 0 days 1,794 sqft
    2019-03-01 0 days 1,776 sqft
    2019-04-01 0 days 1,733 sqft
    2019-05-01 0 days 1,721 sqft
    2019-06-01 0 days 1,736 sqft
    2019-07-01 0 days 1,713 sqft
    2019-08-01 0 days 1,748 sqft
    2019-09-01 0 days 1,775 sqft
    2019-10-01 0 days 1,798 sqft
    2019-11-01 0 days 1,800 sqft
    2019-12-01 0 days 1,899 sqft
    2020-01-01 0 days 1,766 sqft
    2020-02-01 0 days 1,733 sqft
    2020-03-01 0 days 1,803 sqft
    2020-04-01 0 days 1,812 sqft
    2020-05-01 0 days 1,832 sqft
    2020-06-01 0 days 1,836 sqft
    2020-07-01 0 days 1,872 sqft
    2020-08-01 0 days 1,793 sqft
    2020-09-01 0 days 1,700 sqft
    2020-10-01 0 days 1,696 sqft
    2020-11-01 0 days 1,696 sqft
    2020-12-01 0 days 1,735 sqft
    2021-01-01 0 days 1,787 sqft
    2021-02-01 0 days 1,742 sqft
    2021-03-01 0 days 1,685 sqft
    2021-04-01 0 days 1,763 sqft
    2021-05-01 0 days 1,696 sqft
    2021-06-01 0 days 1,608 sqft
    2021-07-01 0 days 1,696 sqft
    2021-08-01 0 days 1,782 sqft
    2021-09-01 0 days 1,633 sqft
    2021-10-01 0 days 1,603 sqft
    2021-11-01 0 days 1,556 sqft
    2021-12-01 0 days 1,452 sqft
    2022-01-01 0 days 1,500 sqft
    2022-02-01 0 days 1,372 sqft
    2022-03-01 0 days 1,404 sqft
    2022-04-01 0 days 1,480 sqft
    2022-05-01 0 days 1,458 sqft
    2022-06-01 0 days 1,488 sqft
    2022-07-01 0 days 1,580 sqft
    2022-08-01 0 days 1,581 sqft
    2022-09-01 0 days 1,596 sqft
    2022-10-01 0 days 1,719 sqft
    2022-11-01 0 days 1,748 sqft
    2022-12-01 0 days 1,795 sqft
    2023-01-01 0 days 1,821 sqft
    2023-02-01 0 days 1,740 sqft
    2023-03-01 0 days 1,769 sqft
    2023-04-01 0 days 1,728 sqft
    2023-05-01 0 days 1,730 sqft
    2023-06-01 0 days 1,771 sqft
    2023-07-01 0 days 1,812 sqft
    2023-08-01 0 days 1,863 sqft
    2023-09-01 0 days 1,835 sqft
    2023-10-01 0 days 1,837 sqft
    2023-11-01 0 days 1,912 sqft
    2023-12-01 0 days 1,873 sqft
    2024-01-01 0 days 1,953 sqft
    2024-02-01 0 days 1,934 sqft
    2024-03-01 0 days 1,974 sqft
    2024-04-01 0 days 1,808 sqft
    2024-05-01 0 days 1,982 sqft
    2024-06-01 0 days 1,920 sqft
    2024-07-01 0 days 1,981 sqft
    2024-08-01 0 days 1,900 sqft
    2024-09-01 0 days 1,978 sqft
    2024-10-01 0 days 1,912 sqft
    2024-11-01 0 days 1,805 sqft
    2024-12-01 0 days 1,849 sqft
    2025-01-01 0 days 1,845 sqft
    Paducah's median listing age (time on market) for 2025-01-01 was 0 days.

    Paducah's median square footage for active listings during the 2025-01-01 period was 1,845 sqft. One year prior, the average listing was 1,953 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.