London VA Loan Rates, Closing Costs & Stats

London, KY

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.

    London's 43 lenders originated 168 VA loans during 2024. The total origination value was $43,560,000, with an average VA loan value of $259,286.

    London VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in London averaged 7.07% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    London's average VA mortgage closing costs are $4,869.

    The average rate for the prior week (2025-07-11) was 6.66% and one month ago for the week of 2025-06-13, the average rate was 6.93%.

    The average rate one year ago was 6.73%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.85%.

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

    London 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 London level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 47 6.44% $5,935
    QUICKEN LOANS, LLC 14 6.04% $8,324
    UNITED WHOLESALE MORTGAGE, LLC 9 5.65% $3,563
    Equity Prime Mortgage LLC 8 6.58% $7,006
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 7.02% $2,674
    POLARIS HOME FUNDING CORP. 7 6.64% $10,982
    PENNYMAC LOAN SERVICES, LLC 6 5.75% $10,671
    NAVY FEDERAL CREDIT UNION 6 5.73% $5,461
    FREEDOM MORTGAGE CORPORATION 6 6.44% $5,118
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.65% $3,977
    USAA Federal Savings Bank 5 6.58% $5,270
    LAKEVIEW LOAN SERVICING, LLC 3 5.88% $4,597
    LOANDEPOT.COM, LLC 3 6.46% $14,952
    NEW DAY FINANCIAL, LLC 3 7.45% $9,727
    VILLAGE CAPITAL MORTGAGE 2 5.75% $2,323
    GENEVA FINANCIAL, LLC 2 7.13% $703
    PLANET HOME LENDING, LLC 2 5.99% $2,605
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.49% $2,117
    Guardian Savings Bank, A Federal Savings Bank 1 5.75% $3,210
    GoPrime Mortgage, Inc. 1 7.63% $3,344
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $11,084
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $22,682
    Flagstar Bank, FSB 1 7.75% $3,604
    EVERETT FINANCIAL, INC. 1 5.75% $850
    NEWREZ LLC 1 6.63% $11,984
    OPEN MORTGAGE, LLC 1 6.50% $6,082
    Paramount Residential Mortgage Group, Inc. 1 7.13% $2,162
    EVANSVILLE TEACHERS 1 7.25% $16,310
    Peoples Exchange Bank 1 6.25% $2,112
    Plains Commerce Bank 1 6.13% $4,916
    Armed Forces Bank 1 6.25% $7,798
    PNC Bank 1 7.00% $1,775
    CROSSCOUNTRY MORTGAGE, LLC 1 6.19% $7,759
    PREMIA MORTGAGE, LLC 1 6.00% $4,725
    CARDINAL FINANCIAL 1 7.25% $9,120
    ROSS MORTGAGE CORPORATION 1 5.75% $2,738
    RUOFF MORTGAGE COMPANY, INC. 1 7.75% $2,256
    STOCKTON MORTGAGE CORPORATION 1 0.00% $8,238
    T2 FINANCIAL LLC 1 6.25% $10,711
    TOP FLITE FINANCIAL, INC. 1 6.63% $0
    BOKF 1 7.13% $19,873
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.63% $8,959
    Ixonia Bank 1 7.13% $15,180

    The top London VA lender as defined by loan originations is Mortgage Research Center, LLC, with 47 VA loans originated. Their average total fees are $5,935, which is $2,389 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee London VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,935), QUICKEN LOANS, LLC ($8,324), .

    The lowest rate London VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.04%), Mortgage Research Center, LLC (6.44%), .

    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.