Kentucky VA Loan Rates, Closing Costs & Stats

Kentucky

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.

Kentucky VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Kentucky averaged 6.67% for the week of 2024-07-12, compared to the national average (all VA variants) of 6.364% for the same period.

Kentucky's average VA mortgage closing costs are $5,259.

The average rate for the prior week (2024-07-05) was 6.78% and one month ago for the week of 2024-06-07, the average rate was 6.39%.

The average rate one year ago was 7.07%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.88%.

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

Kentucky 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 Kentucky level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 1,198 6.71% $5,531
QUICKEN LOANS, LLC 404 6.26% $10,110
UNITED WHOLESALE MORTGAGE, LLC 386 6.53% $6,895
NAVY FEDERAL CREDIT UNION 225 5.77% $5,635
STOCKTON MORTGAGE CORPORATION 150 6.49% $8,006
NEW DAY FINANCIAL, LLC 135 7.54% $9,923
FREEDOM MORTGAGE CORPORATION 129 6.77% $10,670
USAA Federal Savings Bank 115 6.17% $9,081
PENNYMAC LOAN SERVICES, LLC 109 5.64% $7,668
Northpointe Bank 90 6.36% $10,484
GUARANTEED RATE, INC. 71 6.22% $5,407
VICTORY MORTGAGE, L.L.C. 64 5.77% $8,224
RUOFF MORTGAGE COMPANY, INC. 64 6.83% $5,337
ARK-LA-TEX FINANCIAL SERVICES, LLC. 61 6.58% $8,655
CROSSCOUNTRY MORTGAGE, LLC 58 6.70% $7,636
The Federal Savings Bank 58 6.57% $13,167
THRIVE MORTGAGE, LLC 49 6.28% $9,819
LOANDEPOT.COM, LLC 47 6.34% $10,118
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 45 6.73% $5,625
HOMESIDE FINANCIAL, LLC 42 6.60% $6,536
VILLAGE CAPITAL MORTGAGE 41 6.16% $9,722
Prosperity Home Mortgage, LLC 41 6.37% $7,873
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 39 6.60% $8,574
U.S. Bank 38 6.68% $7,412
GENEVA FINANCIAL, LLC 36 6.56% $5,913
SOUTH CENTRAL BANK, INC. 36 6.52% $7,079
Magnolia Bank 35 6.42% $10,618
MORTGAGE SOLUTIONS OF COLORADO, LLC 35 7.76% $2,632
PLAZA HOME MORTGAGE, INC. 34 6.16% $7,625
PENTAGON FEDERAL CREDIT UNION 32 5.76% $8,498
Mr. Cooper ( Nationstar Mortgage ) 31 5.95% $13,077
AMERISAVE MORTGAGE CORPORATION 28 5.84% $10,836
EVANSVILLE TEACHERS 28 6.45% $6,828
UNION HOME MORTGAGE CORP. 27 7.03% $7,994
Bank of England 27 6.57% $8,430
Barrington Bank & Trust Company, N.A. 26 6.34% $9,593
Century Mortgage Company DBA Century Lending Company 24 6.61% $5,410
NEWREZ LLC 24 6.72% $9,250
Republic State Mortgage Co. 23 6.64% $7,912
DHI MORTGAGE COMPANY, LTD. 23 5.57% $7,432
BROKER SOLUTIONS, INC. 22 6.83% $9,618
MUTUAL OF OMAHA MORTGAGE, INC. 22 6.60% $10,978
F&M Bank 21 6.04% $10,268
Stock Yards Bank & Trust Company 21 6.38% $8,143
CARDINAL FINANCIAL 21 6.76% $11,145
Plains Commerce Bank 21 6.49% $7,365
Flagstar Bank, FSB 20 6.67% $5,261
Paramount Residential Mortgage Group, Inc. 20 6.82% $8,794
EVERETT FINANCIAL, INC. 20 6.86% $5,815
FBC MORTGAGE, LLC 20 5.57% $7,042
Fifth Third Bank 19 6.59% $6,166
MOVEMENT MORTGAGE, LLC 18 6.60% $6,828
Citizens Bank 18 6.23% $6,689
FIRST COMMUNITY MORTGAGE, INC. 18 6.10% $9,842
INTERLINC MORTGAGE SERVICES, LLC 17 6.64% $7,146
Equity Prime Mortgage LLC 17 6.76% $5,253
ROSS MORTGAGE CORPORATION 17 6.94% $8,555
DAS Acquisition Company, LLC 16 6.90% $7,118
CMG MORTGAGE, INC. 16 6.69% $11,718
PLANET HOME LENDING, LLC 16 6.02% $7,749
GERSHMAN INVESTMENT CORP. 15 6.82% $3,892
JPMorgan Chase Bank 15 6.81% $4,510
FIRST EQUITY MORTGAGE INCORPORATED 15 5.67% $11,140
PNC Bank 14 6.88% $3,894
PULTE MORTGAGE LLC 14 5.79% $6,541
Wells Fargo Bank 14 6.04% $7,317
SUCCESS MORTGAGE PARTNERS, INC. 12 6.84% $6,575
INSPIRE HOME LOANS INC. 12 5.95% $8,686
PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.65% $3,194
BAYSHORE MORTGAGE FUNDING, LLC 11 6.69% $11,139
CHURCHILL MORTGAGE CORPORATION 11 6.70% $7,405
WesBanco 11 6.01% $5,769
Truist 11 6.47% $6,515
LAKEVIEW LOAN SERVICING, LLC 10 5.88% $11,446
T2 FINANCIAL LLC 10 6.99% $11,489
Guardian Savings Bank, A Federal Savings Bank 10 6.41% $13,528
AMERICAN PACIFIC MORTGAGE CORPORATION 10 6.70% $11,881
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 9 7.19% $8,051
First Federal Bank 9 6.32% $8,112
GoPrime Mortgage, Inc. 8 7.00% $9,026
RELIANCE FIRST CAPITAL, LLC 8 6.81% $8,535
First Savings Bank 7 6.11% $11,684
The Huntington National Bank 7 6.04% $5,635
VANDERBILT MORTGAGE AND FINANCE, INC. 7 6.18% $4,089
NBKC BANK 7 5.86% $10,433
PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.57% $6,112
Republic Bank & Trust Company 6 6.25% $5,673
POLARIS HOME FUNDING CORP. 6 6.33% $7,954
GUARANTEED RATE AFFINITY, LLC 6 6.37% $7,098
Renasant Bank 6 6.04% $7,627
FLAT BRANCH MORTGAGE, INC. 5 6.63% $7,226
BNC National Bank 5 5.48% $7,904
Forcht Bank 5 6.68% $3,978
Fortera Federal Credit Union 5 7.08% $3,978
Peoples Exchange Bank 5 6.25% $5,492
TOP FLITE FINANCIAL, INC. 5 7.10% $7,090
Armed Forces Bank 5 5.85% $8,674
ENVOY MORTGAGE, LTD 5 6.83% $7,981
ENDEAVOR CAPITAL, LLC. 5 6.47% $7,432
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.02% $13,642
Carrington Mortgage Services, LLC 5 5.25% $3,180
ROYAL UNITED MORTGAGE LLC 5 7.40% $8,869
SWBC MORTGAGE CORPORATION 5 6.80% $2,872
SOVEREIGN LENDING GROUP INCORPORATED 5 5.38% $16,427
Central Bank 5 6.20% $7,501
NATIONS RELIABLE LENDING, LLC 5 6.93% $8,659
FirstTrust Home Loans, Inc. 5 7.10% $5,344
Regions Bank 4 6.13% $6,901
AMERICAN FINANCING CORPORATION 4 5.72% $6,708
THE MORTGAGE WAREHOUSE,LLC 4 6.65% $10,904
AMERICAN FINANCIAL NETWORK, INC. 4 7.09% $9,061
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.44% $4,761
CRESCENT MORTGAGE COMPANY 4 6.81% $6,338
MID AMERICA MORTGAGE, INC. 4 6.56% $6,449
FAIR WAY LENDING LLC 4 7.13% $6,527
North American Savings Bank, F.S.B. 4 5.16% $8,761
Wilson & Muir Bank & Trust Company 3 6.25% $5,592
CALIBER HOME LOANS, INC. 3 6.04% $11,012
First Financial Bank 3 6.38% $6,497
Heartland Bank 3 6.25% $3,215
MORTGAGE MASTERS OF INDIANA, INC. 3 6.92% $6,257
Old National Bank 3 6.00% $4,198
PREMIA MORTGAGE, LLC 3 5.92% $3,863
RiverHills Bank 3 6.50% $3,651
SUN WEST MORTGAGE COMPANY, INC. 3 6.66% $9,153
The Central Trust Bank 3 6.08% $7,997
Waterstone Mortgage Corporation 3 6.46% $10,305
Abound Federal Credit Union 3 6.13% $4,354
Capital Bank 2 5.56% $7,335
LEADERONE FINANCIAL CORPORATION 2 6.38% $3,043
RESOURCE FINANCIAL SERVICES, INC. 2 6.31% $7,192
Legends Bank 2 6.06% $6,219
Community First National Bank 2 6.50% $10,974
RAPID MORTGAGE COMPANY 2 7.00% $12,484
BAY EQUITY LLC 2 6.75% $2,760
AXIA FINANCIAL, LLC 2 6.94% $1,622
Towne Bank 2 6.94% $8,269
TOWNE MORTGAGE COMPANY 2 5.99% $6,192
Traditional Bank, Inc. 2 5.81% $3,938
Citibank 2 6.25% $6,363
AmeriHome Mortgage Company, LLC 2 7.13% $11,504
American Mortgage & Equity Consultants, Inc. 2 6.56% $12,839
NORWICH COMMERCIAL GROUP, INC. 2 7.00% $6,082
AMCAP MORTGAGE, LTD. 2 6.00% $7,627
NFM, INC. 2 7.19% $4,439
German American Bank 2 6.38% $12,455
S1L, Inc. 2 6.25% $6,614
ACADEMY MORTGAGE CORPORATION 2 7.06% $8,946
Gateway First Bank 2 5.94% $1,950
MORTGAGE ACCESS CORP. 2 6.00% $5,290
CapStar Bank 2 6.94% $3,654
Nations Lending Corporation 2 6.75% $8,770
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 7.06% $4,785
LIBERTY HOME MORTGAGE CORPORATION 2 7.31% $11,191
Evolve Bank & Trust 1 7.25% $3,896
RESIDENTIAL BANCORP 1 5.75% $5,167
Western Ohio Mortgage Corporation 1 7.13% $27,765
River Valley AgCredit, ACA 1 6.63% $3,618
EQUITY RESOURCES, INC. 1 6.25% $5,097
EMM LOANS LLC 1 6.88% $16,440
DRAPER AND KRAMER MORTGAGE CORP. 1 6.75% $5,153
SeaTrust Mortgage Company 1 7.13% $10,864
Service Federal Credit Union 1 6.50% $656
SIBCY CLINE MORTGAGE SERVICES, INC. 1 6.88% $3,400
Sierra Pacific Mortgage Company, Inc. 1 6.13% $5,637
DESCO 1 7.13% $0
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $11,612
Strong Home Mortgage, LLC 1 5.75% $8,988
CASTLE & COOKE MORTGAGE, LLC 1 6.99% $11,702
SUMMIT FUNDING, INC. 1 7.75% $16,118
Sunflower Bank 1 5.63% $14,551
Carrollton Bank 1 6.13% $2,493
Academy Bank 1 4.75% $17,696
The First National Bank of Middle Tennessee 1 6.75% $12,996
CANOPY MORTGAGE, LLC 1 6.50% $13,728
The Loan Store, Inc. 1 7.13% $3,444
CALCON MUTUAL MORTGAGE LLC 1 6.63% $5,414
The Union Bank Company 1 6.75% $10,751
AmRes Corporation 1 7.63% $19,476
AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $7,187
ALLIED MORTGAGE GROUP, INC. 1 7.63% $13,713
VAN DYK MORTGAGE CORPORATION 1 7.13% $684
Alcova Mortgage LLC 1 6.88% $5,734
MORTGAGE INVESTORS GROUP, INC. 1 6.63% $1,450
M&T Bank 1 6.63% $2,334
NATIONS DIRECT MORTGAGE, LLC 1 7.25% $8,111
MICHIGAN MUTUAL, INC. 1 6.25% $2,516
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $25,912
LENOX FINANCIAL MORTGAGE CORPORATION 1 5.63% $6,877
Neighborhood Loans, Inc. 1 7.50% $5,127
NETWORK CAPITAL FUNDING CORPORATION 1 5.38% $8,025
Legacy Home Loans, LLC 1 5.99% $9,533
Lakeview Community Capital, LLC 1 6.75% $5,592
ACOPIA, LLC 1 6.50% $3,871
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.50% $10,316
Gulf Coast Bank and Trust Company 1 5.75% $4,527
GUILD MORTGAGE COMPANY 1 6.50% $2,135
GUARANTY HOME MORTGAGE CORPORATION 1 5.63% $2,776
GSF Mortgage Corporation 1 7.25% $10,598
PHH Mortgage Corporation 1 6.63% $4,160
Goldwater Bank, N.A. 1 7.25% $12,311
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.88% $16,034
Franklin Loan Corporation 1 6.63% $600
Warsaw Federal Savings and Loan Association 1 6.63% $6,048
Florida Capital Bank 1 6.75% $16,379
First United Bank and Trust Company 1 6.75% $3,945
Princeton Mortgage Corporation 1 6.88% $8,781
FIRST STATE MORTGAGE SERVICES, LLC 1 7.25% $3,698
First National Bank of Omaha 1 7.13% $4,765
FIRST MORTGAGE COMPANY, INC. 1 7.49% $9,457
First International Bank & Trust 1 7.13% $2,775
First Horizon Bank 1 7.00% $30,955
FIDELITY BANK 1 7.13% $13,235

The top Kentucky VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,198 VA loans originated. Their average total fees are $5,531, which is $4,579 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Kentucky VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($2,632), PRIMELENDING, A PLAINSCAPITAL COMPANY ($3,194), GERSHMAN INVESTMENT CORP. ($3,892), PNC Bank ($3,894) and JPMorgan Chase Bank ($4,510).

The lowest rate Kentucky VA lenders (with over 10 loans originated) are FBC MORTGAGE, LLC (5.57%), DHI MORTGAGE COMPANY, LTD. (5.57%), PENNYMAC LOAN SERVICES, LLC (5.64%), FIRST EQUITY MORTGAGE INCORPORATED (5.67%) and PENTAGON FEDERAL CREDIT UNION (5.76%).

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.