Kentucky VA Loan Rates, Closing Costs & Stats

Kentucky

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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.

    Kentucky VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Kentucky averaged 5.86% for the week of 2024-10-11, compared to the national average (all VA variants) of 5.854% for the same period.

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

    The average rate for the prior week (2024-10-04) was 5.82% and one month ago for the week of 2024-09-06, the average rate was 5.92%.

    The average rate one year ago was 7.38%.

    For refis of the same type during the week of 2024-10-11, the average rate was 6.47%.

    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.