Wichita VA Loan Rates, Closing Costs & Stats

WICHITA, KS

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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.

    Wichita's 90 lenders originated 1,409 VA loans during 2024. The total origination value was $381,995,000, with an average VA loan value of $271,111.

    Wichita VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Wichita averaged 6.32% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Wichita's average VA mortgage closing costs are $5,800.

    The average rate for the prior week (2025-03-28) was 6.44% and one month ago for the week of 2025-02-28, the average rate was 6.31%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.85%.

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

    Wichita 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 Wichita level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 287 6.36% $5,566
    PENNYMAC LOAN SERVICES, LLC 97 5.74% $5,696
    FLAT BRANCH MORTGAGE, INC. 70 6.59% $8,635
    UNITED WHOLESALE MORTGAGE, LLC 69 5.98% $7,101
    QUICKEN LOANS, LLC 63 6.15% $9,965
    Sierra Pacific Mortgage Company, Inc. 45 6.29% $8,581
    FREEDOM MORTGAGE CORPORATION 44 6.26% $7,201
    USAA Federal Savings Bank 37 6.13% $6,180
    NAVY FEDERAL CREDIT UNION 37 5.84% $5,455
    PLANET HOME LENDING, LLC 36 6.38% $6,614
    NEWREZ LLC 34 6.30% $7,720
    PENTAGON FEDERAL CREDIT UNION 32 6.20% $6,527
    Gateway First Bank 28 6.56% $5,072
    Fidelity Bank 27 6.58% $6,323
    VILLAGE CAPITAL MORTGAGE 23 5.96% $6,708
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 23 6.43% $6,707
    Members Mortgage Services, L.L.C. 22 6.22% $5,550
    GUILD MORTGAGE COMPANY 21 6.23% $8,472
    Regent Financial Group, Inc. 20 6.51% $8,458
    LOANDEPOT.COM, LLC 20 6.26% $7,010
    NEW DAY FINANCIAL, LLC 18 7.48% $9,337
    NBKC BANK 18 6.07% $7,078
    US MORTGAGE CORPORATION 16 6.97% $7,586
    Flagstar Bank, FSB 12 6.24% $6,187
    Plains Commerce Bank 12 6.74% $7,060
    First Federal Bank 11 5.49% $9,188
    Intrust Bank 11 5.97% $3,560
    MORTGAGE SOLUTIONS OF COLORADO, LLC 10 6.86% $3,567
    Armed Forces Bank 10 5.80% $7,341
    The Federal Savings Bank 10 6.43% $15,437
    CMG MORTGAGE, INC. 10 6.30% $7,591
    Equity Prime Mortgage LLC 10 6.73% $9,381
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.60% $5,409
    PRIMELENDING, A PLAINSCAPITAL COMPANY 8 6.59% $5,304
    HOMESIDE FINANCIAL, LLC 7 7.04% $7,094
    LAKEVIEW LOAN SERVICING, LLC 7 5.66% $6,072
    Mr. Cooper ( Nationstar Mortgage ) 7 6.25% $10,183
    OPEN MORTGAGE, LLC 7 6.61% $4,819
    American Mortgage Bank, LLC 7 6.09% $6,720
    PRIMARY RESIDENTIAL MORTGAGE, INC. 6 7.29% $4,118
    BROKER SOLUTIONS, INC. 5 6.85% $10,315
    CROSSCOUNTRY MORTGAGE, LLC 5 6.15% $4,449
    AMERICAN FINANCING CORPORATION 4 5.88% $9,349
    LEADERONE FINANCIAL CORPORATION 4 6.53% $13,426
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.28% $12,013
    Sunflower Bank 4 6.18% $5,313
    The Central Trust Bank 4 6.19% $10,226
    Community National Bank & Trust 4 6.31% $9,619
    BOKF 4 6.63% $7,201
    Carrington Mortgage Services, LLC 3 6.13% $6,907
    AMERICAN FINANCIAL NETWORK, INC. 3 6.04% $5,399
    Wells Fargo Bank 3 5.88% $8,462
    SUN WEST MORTGAGE COMPANY, INC. 3 6.00% $9,061
    Magnolia Bank 3 5.54% $20,332
    PHH Mortgage Corporation 3 5.16% $4,426
    Barrington Bank & Trust Company, N.A. 3 5.75% $2,712
    Bell Bank 2 6.44% $11,158
    GUARANTEED RATE, INC. 2 5.71% $8,312
    MID AMERICA MORTGAGE, INC. 2 6.88% $4,070
    Paramount Residential Mortgage Group, Inc. 2 6.06% $7,870
    MOVEMENT MORTGAGE, LLC 2 6.75% $3,594
    AMERISAVE MORTGAGE CORPORATION 2 6.50% $12,916
    Texana Bank 2 5.63% $15,654
    U.S. Bank 2 6.19% $5,537
    MORTGAGEONE, INC. 2 6.94% $1,353
    ALLIED MORTGAGE GROUP, INC. 2 6.00% $8,600
    TOWNE MORTGAGE COMPANY 2 6.31% $13,212
    ZILLOW HOME LOANS, LLC 1 6.25% $5,955
    LAND HOME FINANCIAL SERVICES, INC. 1 5.75% $7,492
    LENOX FINANCIAL MORTGAGE CORPORATION 1 6.75% $7,216
    LOANPAL, LLC 1 6.99% $10,493
    First Western Trust Bank 1 6.50% $6,835
    Mortgage Investment Services Corporation 1 6.25% $1,750
    M&T Bank 1 6.75% $10,600
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.63% $8,426
    Central National Bank 1 6.75% $875
    CARDINAL FINANCIAL 1 7.25% $6,311
    Old National Bank 1 5.88% $19,075
    BMO Harris Bank 1 6.75% $10,827
    PLAZA HOME MORTGAGE, INC. 1 6.75% $1,805
    ALLIANT CREDIT UNION 1 5.75% $3,112
    Arvest Bank 1 7.00% $0
    RCB Bank 1 6.00% $3,972
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $12,642
    Stride Bank 1 7.00% $3,459
    SUMMIT FUNDING, INC. 1 5.99% $11,272
    TOP FLITE FINANCIAL, INC. 1 6.25% $4,409
    UNION HOME MORTGAGE CORP. 1 6.63% $9,632
    UNITED MORTGAGE CORP 1 6.75% $8,466
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.63% $9,299

    The top Wichita VA lender as defined by loan originations is Mortgage Research Center, LLC, with 287 VA loans originated. Their average total fees are $5,566, which is $130 lower than the next largest lender, PENNYMAC LOAN SERVICES, LLC.

    The lowest fee Wichita VA lenders (with over 10 loans originated) are Intrust Bank ($3,560), MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,567), Gateway First Bank ($5,072), NAVY FEDERAL CREDIT UNION ($5,455) and Members Mortgage Services, L.L.C. ($5,550).

    The lowest rate Wichita VA lenders (with over 10 loans originated) are First Federal Bank (5.49%), PENNYMAC LOAN SERVICES, LLC (5.74%), Armed Forces Bank (5.80%), NAVY FEDERAL CREDIT UNION (5.84%) and VILLAGE CAPITAL MORTGAGE (5.96%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Wichita (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 $174,900 (6.5%) $226,176 (3.6%) 0.65 1,965
    2018-02-01 $182,817 (9.2%) $234,420 (5.9%) 0.66 1,814
    2018-03-01 $192,500 (8.5%) $240,838 (5.6%) 0.68 1,790
    2018-04-01 $205,950 (11.4%) $251,315 (8.2%) 0.70 1,829
    2018-05-01 $205,000 (6.8%) $251,278 (5.1%) 0.68 1,964
    2018-06-01 $199,918 (5.3%) $252,181 (5.5%) 0.67 2,060
    2018-07-01 $200,813 (8.5%) $259,275 (9.8%) 0.67 2,040
    2018-08-01 $199,909 (9.6%) $259,770 (11.4%) 0.67 2,034
    2018-09-01 $192,900 (8.7%) $254,635 (11.7%) 0.65 2,084
    2018-10-01 $194,900 (12.8%) $253,801 (12.0%) 0.66 2,151
    2018-11-01 $185,000 (6.5%) $245,696 (9.2%) 0.63 2,145
    2018-12-01 $185,000 (7.3%) $244,024 (8.8%) 0.64 2,005
    2019-01-01 $188,588 (7.8%) $246,159 (8.8%) 0.65 1,878
    2019-02-01 $199,250 (9.0%) $257,751 (10.0%) 0.67 1,791
    2019-03-01 $206,100 (7.1%) $273,099 (13.4%) 0.67 1,761
    2019-04-01 $217,400 (5.6%) $281,186 (11.9%) 0.69 1,745
    2019-05-01 $222,875 (8.7%) $279,919 (11.4%) 0.70 1,763
    2019-06-01 $219,900 (10.0%) $278,135 (10.3%) 0.69 1,711
    2019-07-01 $209,950 (4.6%) $270,477 (4.3%) 0.66 1,761
    2019-08-01 $208,236 (4.2%) $268,351 (3.3%) 0.66 1,757
    2019-09-01 $209,228 (8.5%) $269,233 (5.7%) 0.67 1,727
    2019-10-01 $209,890 (7.7%) $269,821 (6.3%) 0.68 1,707
    2019-11-01 $207,650 (12.2%) $266,908 (8.6%) 0.68 1,594
    2019-12-01 $199,700 (8.0%) $260,578 (6.8%) 0.67 1,480
    2020-01-01 $199,469 (5.8%) $259,201 (5.3%) 0.67 1,388
    2020-02-01 $204,925 (2.9%) $268,510 (4.2%) 0.67 1,311
    2020-03-01 $212,375 (3.0%) $274,182 (0.4%) 0.67 1,266
    2020-04-01 $222,800 (2.5%) $279,870 (-0.5%) 0.70 1,236
    2020-05-01 $234,900 (5.4%) $286,376 (2.3%) 0.71 1,183
    2020-06-01 $248,350 (12.9%) $297,870 (7.1%) 0.73 1,069
    2020-07-01 $248,400 (18.3%) $299,324 (10.7%) 0.72 1,008
    2020-08-01 $245,000 (17.7%) $298,717 (11.3%) 0.70 1,000
    2020-09-01 $229,900 (9.9%) $285,977 (6.2%) 0.66 996
    2020-10-01 $229,900 (9.5%) $281,562 (4.4%) 0.66 1,045
    2020-11-01 $226,300 (9.0%) $278,005 (4.2%) 0.66 1,029
    2020-12-01 $220,000 (10.2%) $272,428 (4.6%) 0.65 915
    2021-01-01 $224,538 (12.6%) $277,484 (7.1%) 0.67 788
    2021-02-01 $243,076 (18.6%) $299,011 (11.4%) 0.71 637
    2021-03-01 $239,950 (13.0%) $301,509 (10.0%) 0.68 583
    2021-04-01 $239,000 (7.3%) $296,411 (5.9%) 0.65 534
    2021-05-01 $235,000 (0.0%) $288,391 (0.7%) 0.62 611
    2021-06-01 $223,463 (-10.0%) $285,072 (-4.3%) 0.59 686
    2021-07-01 $220,000 (-11.4%) $279,508 (-6.6%) 0.58 786
    2021-08-01 $215,000 (-12.2%) $278,071 (-6.9%) 0.57 882
    2021-09-01 $207,125 (-9.9%) $275,800 (-3.6%) 0.55 873
    2021-10-01 $220,000 (-4.3%) $280,920 (-0.2%) 0.59 873
    2021-11-01 $222,475 (-1.7%) $290,260 (4.4%) 0.59 785
    2021-12-01 $229,950 (4.5%) $291,896 (7.2%) 0.62 675
    2022-01-01 $244,965 (9.1%) $312,108 (12.5%) 0.66 550
    2022-02-01 $252,450 (3.9%) $313,959 (5.0%) 0.66 486
    2022-03-01 $254,900 (6.2%) $315,249 (4.6%) 0.64 490
    2022-04-01 $268,500 (12.3%) $318,018 (7.3%) 0.64 505
    2022-05-01 $269,950 (14.9%) $333,680 (15.7%) 0.62 562
    2022-06-01 $277,475 (24.2%) $341,232 (19.7%) 0.62 685
    2022-07-01 $280,000 (27.3%) $340,658 (21.9%) 0.63 840
    2022-08-01 $290,000 (34.9%) $342,925 (23.3%) 0.67 850
    2022-09-01 $290,130 (40.1%) $348,670 (26.4%) 0.68 850
    2022-10-01 $303,950 (38.2%) $352,023 (25.3%) 0.72 957
    2022-11-01 $290,000 (30.4%) $348,076 (19.9%) 0.70 1,031
    2022-12-01 $289,900 (26.1%) $349,198 (19.6%) 0.72 944
    2023-01-01 $299,000 (22.1%) $357,831 (14.7%) 0.74 891
    2023-02-01 $319,995 (26.8%) $365,473 (16.4%) 0.77 858
    2023-03-01 $319,621 (25.4%) $371,358 (17.8%) 0.75 879
    2023-04-01 $318,394 (18.6%) $372,478 (17.1%) 0.74 884
    2023-05-01 $320,000 (18.5%) $374,826 (12.3%) 0.73 898
    2023-06-01 $315,657 (13.8%) $373,542 (9.5%) 0.71 1,003
    2023-07-01 $300,850 (7.5%) $366,674 (7.6%) 0.68 1,028
    2023-08-01 $299,000 (3.1%) $356,654 (4.0%) 0.69 1,066
    2023-09-01 $299,000 (3.1%) $352,588 (1.1%) 0.70 1,167
    2023-10-01 $298,950 (-1.7%) $354,662 (0.8%) 0.70 1,238
    2023-11-01 $294,575 (1.6%) $355,842 (2.2%) 0.70 1,268
    2023-12-01 $294,900 (1.7%) $360,982 (3.4%) 0.72 1,162
    2024-01-01 $297,000 (-0.7%) $368,532 (3.0%) 0.73 1,046
    2024-02-01 $302,450 (-5.5%) $373,271 (2.1%) 0.73 1,015
    2024-03-01 $325,000 (1.7%) $377,793 (1.7%) 0.76 1,039
    2024-04-01 $324,900 (2.0%) $382,892 (2.8%) 0.76 1,112
    2024-05-01 $335,215 (4.8%) $389,989 (4.1%) 0.76 1,140
    2024-06-01 $315,690 (0.0%) $373,369 (-0.1%) 0.72 1,263
    2024-07-01 $310,500 (3.2%) $361,635 (-1.4%) 0.71 1,452
    2024-08-01 $300,000 (0.3%) $355,293 (-0.4%) 0.70 1,485
    2024-09-01 $292,700 (-2.1%) $357,962 (1.5%) 0.69 1,610
    2024-10-01 $290,000 (-3.0%) $356,048 (0.4%) 0.68 1,658
    2024-11-01 $291,000 (-1.2%) $352,313 (-1.0%) 0.70 1,710
    2024-12-01 $285,000 (-3.4%) $348,277 (-3.5%) 0.71 1,602
    2025-01-01 $290,200 (-2.3%) $349,770 (-5.1%) 0.72 1,495
    2025-02-01 $289,450 (-4.3%) $348,823 (-6.6%) 0.70 1,457
    2025-03-01 $294,900 (-9.3%) $353,995 (-6.3%) 0.00 1,467
    Wichita's median listing price for 2025-03-01 was $294,900, a difference of $-30,100 (-9.3%) versus the prior year and $5,450 versus the prior month.

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

    Wichita's average listing price for 2025-03-01 was $353,995, a difference of $-23,798 (-6.3%) versus the prior year and $5,172 versus the prior month.

    For the 2025-03-01 period, Wichita had 1,467 MLS listings, a difference of 10 listings (1%) versus the prior month and 428 listings (41%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Wichita (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 71 days 2,079 sqft
    2018-02-01 69 days 2,114 sqft
    2018-03-01 47 days 2,168 sqft
    2018-04-01 43 days 2,205 sqft
    2018-05-01 40 days 2,248 sqft
    2018-06-01 43 days 2,236 sqft
    2018-07-01 48 days 2,241 sqft
    2018-08-01 51 days 2,244 sqft
    2018-09-01 47 days 2,211 sqft
    2018-10-01 51 days 2,181 sqft
    2018-11-01 52 days 2,159 sqft
    2018-12-01 63 days 2,105 sqft
    2019-01-01 72 days 2,112 sqft
    2019-02-01 66 days 2,116 sqft
    2019-03-01 56 days 2,134 sqft
    2019-04-01 44 days 2,205 sqft
    2019-05-01 43 days 2,235 sqft
    2019-06-01 44 days 2,261 sqft
    2019-07-01 45 days 2,186 sqft
    2019-08-01 49 days 2,179 sqft
    2019-09-01 56 days 2,208 sqft
    2019-10-01 61 days 2,226 sqft
    2019-11-01 60 days 2,162 sqft
    2019-12-01 68 days 2,107 sqft
    2020-01-01 70 days 2,074 sqft
    2020-02-01 65 days 2,112 sqft
    2020-03-01 60 days 2,114 sqft
    2020-04-01 61 days 2,202 sqft
    2020-05-01 66 days 2,213 sqft
    2020-06-01 59 days 2,249 sqft
    2020-07-01 49 days 2,270 sqft
    2020-08-01 48 days 2,258 sqft
    2020-09-01 47 days 2,198 sqft
    2020-10-01 50 days 2,176 sqft
    2020-11-01 51 days 2,106 sqft
    2020-12-01 59 days 2,048 sqft
    2021-01-01 71 days 2,036 sqft
    2021-02-01 64 days 2,028 sqft
    2021-03-01 65 days 2,002 sqft
    2021-04-01 70 days 1,996 sqft
    2021-05-01 51 days 2,012 sqft
    2021-06-01 42 days 1,973 sqft
    2021-07-01 40 days 1,977 sqft
    2021-08-01 42 days 1,966 sqft
    2021-09-01 50 days 1,935 sqft
    2021-10-01 44 days 1,986 sqft
    2021-11-01 43 days 1,932 sqft
    2021-12-01 51 days 1,891 sqft
    2022-01-01 58 days 1,817 sqft
    2022-02-01 43 days 1,863 sqft
    2022-03-01 37 days 1,905 sqft
    2022-04-01 34 days 2,015 sqft
    2022-05-01 33 days 2,052 sqft
    2022-06-01 32 days 2,110 sqft
    2022-07-01 34 days 2,105 sqft
    2022-08-01 40 days 2,124 sqft
    2022-09-01 43 days 2,104 sqft
    2022-10-01 42 days 2,146 sqft
    2022-11-01 42 days 2,094 sqft
    2022-12-01 59 days 2,078 sqft
    2023-01-01 67 days 2,015 sqft
    2023-02-01 56 days 2,016 sqft
    2023-03-01 48 days 2,023 sqft
    2023-04-01 44 days 2,015 sqft
    2023-05-01 44 days 2,061 sqft
    2023-06-01 38 days 2,069 sqft
    2023-07-01 40 days 2,061 sqft
    2023-08-01 42 days 2,016 sqft
    2023-09-01 43 days 2,028 sqft
    2023-10-01 44 days 2,050 sqft
    2023-11-01 46 days 2,057 sqft
    2023-12-01 58 days 2,040 sqft
    2024-01-01 72 days 2,015 sqft
    2024-02-01 69 days 2,043 sqft
    2024-03-01 42 days 2,043 sqft
    2024-04-01 41 days 2,069 sqft
    2024-05-01 40 days 2,170 sqft
    2024-06-01 43 days 2,124 sqft
    2024-07-01 41 days 2,140 sqft
    2024-08-01 43 days 2,084 sqft
    2024-09-01 45 days 2,070 sqft
    2024-10-01 49 days 2,037 sqft
    2024-11-01 55 days 2,032 sqft
    2024-12-01 65 days 1,984 sqft
    2025-01-01 72 days 1,993 sqft
    2025-02-01 65 days 1,943 sqft
    2025-03-01 0 days 1,962 sqft
    Wichita's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Wichita's median square footage for active listings during the 2025-03-01 period was 1,962 sqft. One year prior, the average listing was 2,043 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.