Angola VA Loan Rates, Closing Costs & Stats

Angola, IN

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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.

    Angola's 13 lenders originated 21 VA loans during 2023. The total origination value was $5,875,000, with an average VA loan value of $279,762.

    Angola VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Angola averaged 7.15% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Angola's average VA mortgage closing costs are $4,502.

    The average rate for the prior week (2024-04-12) was 7.18% and one month ago for the week of 2024-03-15, the average rate was 7.05%.

    The average rate one year ago was 6.34%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.56%.

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

    Angola 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 Angola level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 3 6.75% $7,891
    RUOFF MORTGAGE COMPANY, INC. 3 6.96% $4,841
    GVC MORTGAGE, INC. 3 7.29% $9,919
    NAVY FEDERAL CREDIT UNION 2 5.81% $2,353
    HALLMARK HOME MORTGAGE, LLC 1 5.75% $4,707
    NEWREZ LLC 1 6.75% $1,083
    QUICKEN LOANS, LLC 1 5.99% $2,596
    The Federal Savings Bank 1 5.50% $21,302
    Barrington Bank & Trust Company, N.A. 1 6.75% $4,957
    UNITED WHOLESALE MORTGAGE, LLC 1 7.25% $5,853
    CMG MORTGAGE, INC. 1 5.75% $8,213
    First Federal Savings and Loan Association of Lakewood 1 6.75% $7,482
    GENEVA FINANCIAL, LLC 1 7.00% $2,024

    The top Angola VA lender as defined by loan originations is Mortgage Research Center, LLC, with 3 VA loans originated. Their average total fees are $7,891, which is $3,050 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Angola VA lenders (with over 10 loans originated) are .

    The lowest rate Angola VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Angola (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 $242,725 (7.4%) $329,679 (0.7%) 0.00 163
    2018-02-01 $248,475 (9.4%) $335,727 (7.7%) 0.00 163
    2018-03-01 $249,000 (8.3%) $337,683 (8.7%) 0.00 171
    2018-04-01 $247,425 (7.6%) $332,776 (4.2%) 0.00 183
    2018-05-01 $249,925 (3.7%) $326,300 (0.3%) 0.00 201
    2018-06-01 $258,950 (9.1%) $310,275 (-2.4%) 0.00 213
    2018-07-01 $260,100 (10.7%) $307,032 (0.6%) 0.00 217
    2018-08-01 $251,150 (7.6%) $298,248 (-0.7%) 0.00 222
    2018-09-01 $249,450 (12.3%) $307,444 (3.9%) 0.00 222
    2018-10-01 $244,000 (3.5%) $307,055 (-2.3%) 0.00 211
    2018-11-01 $247,175 (1.8%) $304,985 (-3.8%) 0.00 195
    2018-12-01 $230,000 (-4.6%) $299,693 (-8.8%) 0.00 180
    2019-01-01 $229,800 (-5.3%) $291,752 (-11.5%) 0.00 172
    2019-02-01 $227,450 (-8.5%) $287,306 (-14.4%) 0.00 168
    2019-03-01 $250,514 (0.6%) $306,708 (-9.2%) 0.00 161
    2019-04-01 $277,500 (12.2%) $334,209 (0.4%) 0.00 151
    2019-05-01 $284,975 (14.0%) $338,338 (3.7%) 0.00 152
    2019-06-01 $299,900 (15.8%) $363,758 (17.2%) 0.00 158
    2019-07-01 $285,350 (9.7%) $345,122 (12.4%) 0.00 166
    2019-08-01 $278,645 (11.0%) $343,368 (15.1%) 0.00 169
    2019-09-01 $267,314 (7.2%) $346,347 (12.7%) 0.00 164
    2019-10-01 $259,759 (6.5%) $348,936 (13.6%) 0.00 159
    2019-11-01 $264,900 (7.2%) $348,154 (14.2%) 0.00 139
    2019-12-01 $255,450 (11.1%) $337,297 (12.6%) 0.00 128
    2020-01-01 $246,850 (7.4%) $315,512 (8.1%) 0.00 116
    2020-02-01 $259,700 (14.2%) $336,505 (17.1%) 0.00 106
    2020-03-01 $277,450 (10.8%) $361,252 (17.8%) 0.00 115
    2020-04-01 $279,850 (0.9%) $380,076 (13.7%) 0.00 110
    2020-05-01 $269,500 (-5.4%) $374,902 (10.8%) 0.00 103
    2020-06-01 $267,425 (-10.8%) $406,771 (11.8%) 0.00 81
    2020-07-01 $262,650 (-8.0%) $396,026 (14.8%) 0.00 73
    2020-08-01 $256,400 (-8.0%) $385,490 (12.3%) 0.00 71
    2020-09-01 $275,000 (2.9%) $387,466 (11.9%) 0.00 68
    2020-10-01 $252,450 (-2.8%) $353,986 (1.5%) 0.00 66
    2020-11-01 $274,950 (3.8%) $389,176 (11.8%) 0.00 55
    2020-12-01 $275,000 (7.7%) $425,711 (26.2%) 0.00 39
    2021-01-01 $249,000 (0.9%) $470,252 (49.0%) 0.00 26
    2021-02-01 $289,950 (11.7%) $436,193 (29.6%) 0.00 18
    2021-03-01 $297,400 (7.2%) $438,198 (21.3%) 0.00 22
    2021-04-01 $324,900 (16.1%) $555,061 (46.0%) 0.00 31
    2021-05-01 $319,900 (18.7%) $529,212 (41.2%) 0.00 35
    2021-06-01 $317,400 (18.7%) $531,886 (30.8%) 0.00 48
    2021-07-01 $329,900 (25.6%) $532,337 (34.4%) 0.00 54
    2021-08-01 $314,900 (22.8%) $484,601 (25.7%) 0.00 60
    2021-09-01 $309,000 (12.4%) $457,812 (18.2%) 0.00 60
    2021-10-01 $312,000 (23.6%) $433,839 (22.6%) 0.00 51
    2021-11-01 $312,225 (13.6%) $443,113 (13.9%) 0.00 48
    2021-12-01 $341,850 (24.3%) $470,979 (10.6%) 0.00 46
    2022-01-01 $314,700 (26.4%) $460,568 (-2.1%) 0.00 41
    2022-02-01 $373,250 (28.7%) $560,375 (28.5%) 0.00 33
    2022-03-01 $378,725 (27.4%) $563,656 (28.6%) 0.00 32
    2022-04-01 $399,000 (22.8%) $602,778 (8.6%) 0.00 42
    2022-05-01 $417,425 (30.5%) $585,626 (10.7%) 0.00 62
    2022-06-01 $359,900 (13.4%) $509,143 (-4.3%) 0.00 68
    2022-07-01 $349,900 (6.1%) $494,754 (-7.1%) 0.00 68
    2022-08-01 $304,275 (-3.4%) $463,129 (-4.4%) 0.00 69
    2022-09-01 $310,775 (0.6%) $479,355 (4.7%) 0.00 69
    2022-10-01 $320,000 (2.6%) $494,537 (14.0%) 0.00 66
    2022-11-01 $324,500 (3.9%) $516,487 (16.6%) 0.00 72
    2022-12-01 $329,950 (-3.5%) $522,258 (10.9%) 0.00 71
    2023-01-01 $336,200 (6.8%) $524,750 (13.9%) 0.00 62
    2023-02-01 $333,375 (-10.7%) $487,067 (-13.1%) 0.00 61
    2023-03-01 $334,975 (-11.6%) $492,914 (-12.6%) 0.00 65
    2023-04-01 $315,000 (-21.1%) $439,762 (-27.0%) 0.00 57
    2023-05-01 $332,450 (-20.4%) $540,547 (-7.7%) 0.00 61
    2023-06-01 $345,725 (-3.9%) $545,861 (7.2%) 0.00 73
    2023-07-01 $354,950 (1.4%) $540,978 (9.3%) 0.00 83
    2023-08-01 $355,450 (16.8%) $516,029 (11.4%) 0.00 90
    2023-09-01 $389,450 (25.3%) $534,754 (11.6%) 0.00 102
    2023-10-01 $379,925 (18.7%) $550,296 (11.3%) 0.00 98
    2023-11-01 $347,900 (7.2%) $544,140 (5.4%) 0.00 92
    2023-12-01 $364,900 (10.6%) $578,235 (10.7%) 0.00 80
    2024-01-01 $301,475 (-10.3%) $536,154 (2.2%) 0.00 77
    2024-02-01 $309,900 (-7.0%) $537,366 (10.3%) 0.00 76
    2024-03-01 $365,000 (9.0%) $552,536 (12.1%) 0.00 85
    Angola's median listing price for 2024-03-01 was $365,000, a difference of $30,025 (9.0%) versus the prior year and $55,100 versus the prior month.

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

    Angola's average listing price for 2024-03-01 was $552,536, a difference of $59,622 (12.1%) versus the prior year and $15,170 versus the prior month.

    For the 2024-03-01 period, Angola had 85 MLS listings, a difference of 9 listings (12%) versus the prior month and 20 listings (31%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Angola (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,979 sqft
    2018-02-01 0 days 1,875 sqft
    2018-03-01 0 days 1,840 sqft
    2018-04-01 0 days 1,821 sqft
    2018-05-01 0 days 1,826 sqft
    2018-06-01 0 days 1,844 sqft
    2018-07-01 0 days 1,854 sqft
    2018-08-01 0 days 1,807 sqft
    2018-09-01 0 days 1,840 sqft
    2018-10-01 0 days 1,829 sqft
    2018-11-01 0 days 1,832 sqft
    2018-12-01 0 days 1,824 sqft
    2019-01-01 0 days 1,757 sqft
    2019-02-01 0 days 1,756 sqft
    2019-03-01 0 days 1,800 sqft
    2019-04-01 0 days 1,842 sqft
    2019-05-01 0 days 1,798 sqft
    2019-06-01 0 days 1,758 sqft
    2019-07-01 0 days 1,774 sqft
    2019-08-01 0 days 1,813 sqft
    2019-09-01 0 days 1,797 sqft
    2019-10-01 0 days 1,794 sqft
    2019-11-01 0 days 1,952 sqft
    2019-12-01 0 days 1,917 sqft
    2020-01-01 0 days 1,815 sqft
    2020-02-01 0 days 1,732 sqft
    2020-03-01 0 days 1,813 sqft
    2020-04-01 0 days 1,776 sqft
    2020-05-01 0 days 1,791 sqft
    2020-06-01 0 days 1,846 sqft
    2020-07-01 0 days 1,846 sqft
    2020-08-01 0 days 1,830 sqft
    2020-09-01 0 days 1,814 sqft
    2020-10-01 0 days 1,768 sqft
    2020-11-01 0 days 1,794 sqft
    2020-12-01 0 days 1,848 sqft
    2021-01-01 0 days 1,880 sqft
    2021-02-01 0 days 1,945 sqft
    2021-03-01 0 days 2,117 sqft
    2021-04-01 0 days 2,298 sqft
    2021-05-01 0 days 1,978 sqft
    2021-06-01 0 days 1,896 sqft
    2021-07-01 0 days 2,220 sqft
    2021-08-01 0 days 2,095 sqft
    2021-09-01 0 days 2,217 sqft
    2021-10-01 0 days 2,126 sqft
    2021-11-01 0 days 1,972 sqft
    2021-12-01 0 days 2,166 sqft
    2022-01-01 0 days 1,835 sqft
    2022-02-01 0 days 2,447 sqft
    2022-03-01 0 days 2,256 sqft
    2022-04-01 0 days 2,123 sqft
    2022-05-01 0 days 1,935 sqft
    2022-06-01 0 days 1,791 sqft
    2022-07-01 0 days 1,852 sqft
    2022-08-01 0 days 1,846 sqft
    2022-09-01 0 days 1,882 sqft
    2022-10-01 0 days 2,016 sqft
    2022-11-01 0 days 2,033 sqft
    2022-12-01 0 days 1,928 sqft
    2023-01-01 0 days 1,994 sqft
    2023-02-01 0 days 1,950 sqft
    2023-03-01 0 days 1,927 sqft
    2023-04-01 0 days 1,872 sqft
    2023-05-01 0 days 1,868 sqft
    2023-06-01 0 days 1,833 sqft
    2023-07-01 0 days 1,875 sqft
    2023-08-01 0 days 1,874 sqft
    2023-09-01 0 days 1,977 sqft
    2023-10-01 0 days 2,001 sqft
    2023-11-01 0 days 2,004 sqft
    2023-12-01 0 days 2,030 sqft
    2024-01-01 0 days 2,019 sqft
    2024-02-01 0 days 2,006 sqft
    2024-03-01 0 days 2,033 sqft
    Angola's median listing age (time on market) for 2024-03-01 was 0 days.

    Angola's median square footage for active listings during the 2024-03-01 period was 2,033 sqft. One year prior, the average listing was 1,927 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.