Wichita VA Loan Rates, Closing Costs & Stats
WICHITA, KS
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 95 lenders originated 1,112 VA loans during 2023. The total origination value was $287,120,000, with an average VA loan value of $258,201.
Wichita VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Wichita
averaged
6.49%
for the week of 2024-11-01, compared to the national average (all VA variants) of
6.305% for the same period.
Wichita's average VA mortgage closing costs are $5,639.
The average rate for the prior week (2024-10-25) was
6.55% and
one month ago for the week of 2024-09-27, the
average rate was 5.91%.
The average rate one year ago was 7.73%.
For refis of the same type during the week of 2024-11-01, the average rate
was 6.47%.
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.
The top Wichita VA lender as defined by loan originations is Mortgage Research Center, LLC, with
246 VA loans originated. Their average total fees are
$5,966, which is $2,593
lower than the next largest lender,
FLAT BRANCH MORTGAGE, INC..
The lowest fee Wichita VA lenders (with over 10 loans originated) are
Intrust Bank ($3,462), NAVY FEDERAL CREDIT UNION ($5,152), NBKC BANK ($5,705), Mortgage Research Center, LLC ($5,966) and Plains Commerce Bank ($6,190).
The lowest rate Wichita VA lenders (with over 10 loans originated) are
PENTAGON FEDERAL CREDIT UNION (5.84%), Mr. Cooper ( Nationstar Mortgage ) (5.90%), NAVY FEDERAL CREDIT UNION (5.95%), NBKC BANK (5.96%) and Intrust Bank (6.02%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Wichita (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 | $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 | $346,791 (8.4%) | $398,907 (6.4%) | 0.78 | 1,143 |
2024-06-01 | $329,000 (4.2%) | $385,978 (3.3%) | 0.74 | 1,259 |
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%) | 0.00 | 1,658 |
Wichita's median listing price comes in at 0% of the national average.
Wichita's average listing price for 2024-10-01 was $356,048, a difference of $1,386 (0.4%) versus the prior year and $-1,914 versus the prior month.
For the 2024-10-01 period, Wichita had 1,658 MLS listings, a difference of 48 listings (3%) versus the prior month and 420 listings (34%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Wichita (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 2,237 sqft |
2018-07-01 | 48 days | 2,243 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 | 2,109 sqft |
2019-01-01 | 72 days | 2,113 sqft |
2019-02-01 | 66 days | 2,116 sqft |
2019-03-01 | 56 days | 2,134 sqft |
2019-04-01 | 44 days | 2,207 sqft |
2019-05-01 | 43 days | 2,237 sqft |
2019-06-01 | 44 days | 2,264 sqft |
2019-07-01 | 45 days | 2,188 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 | 37 days | 2,216 sqft |
2024-06-01 | 39 days | 2,183 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 | 0 days | 2,037 sqft |
Wichita's median square footage for active listings during the 2024-10-01 period was 2,037 sqft. One year prior, the average listing was 2,050 sqft.