Paducah VA Loan Rates, Closing Costs & Stats
Paducah, KY-IL
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
0.18%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Paducah's average VA mortgage closing costs are $4,765.
The average rate for the prior week (2024-11-22) was
6.84% and
one month ago for the week of 2024-10-25, the
average rate was 6.44%.
The average rate one year ago was 7.28%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0%.
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.
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. LouisDate | 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 |
Paducah's median listing price comes in at 0% of the national average.
Paducah's average listing price for 2024-10-01 was $326,060, a difference of $30,655 (10.4%) versus the prior year and $7,805 versus the prior month.
For the 2024-10-01 period, Paducah had 234 MLS listings, a difference of 4 listings (2%) versus the prior month and 57 listings (32%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Paducah (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Paducah's median square footage for active listings during the 2024-10-01 period was 1,896 sqft. One year prior, the average listing was 1,859 sqft.