Auburn VA Loan Rates, Closing Costs & Stats
Auburn, IN
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.
Auburn's 22 lenders originated 57 VA loans during 2024. The total origination value was $13,135,000, with an average VA loan value of $230,439.
Auburn VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Auburn
averaged
0.34%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
Auburn's average VA mortgage closing costs are $4,821.
The average rate for the prior week (2025-06-13) was
7.08% and
one month ago for the week of 2025-05-16, the
average rate was 6.94%.
The average rate one year ago was 6.94%.
For refis of the same type during the week of 2025-06-20, the average rate
was 0%.
Auburn 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 Auburn level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 12 | 6.57% | $5,587 |
| UNITED WHOLESALE MORTGAGE, LLC | 8 | 6.00% | $6,935 |
| NEW DAY FINANCIAL, LLC | 4 | 7.53% | $6,554 |
| FREEDOM MORTGAGE CORPORATION | 4 | 6.38% | $5,362 |
| Barrington Bank & Trust Company, N.A. | 2 | 6.25% | $3,744 |
| GVC MORTGAGE, INC. | 2 | 6.81% | $7,095 |
| LOANDEPOT.COM, LLC | 2 | 6.38% | $12,641 |
| Nations Lending Corporation | 2 | 7.25% | $6,436 |
| PLAZA HOME MORTGAGE, INC. | 2 | 5.50% | $4,598 |
| QUICKEN LOANS, LLC | 2 | 6.18% | $8,046 |
| RUOFF MORTGAGE COMPANY, INC. | 2 | 6.75% | $672 |
| USAA Federal Savings Bank | 2 | 6.69% | $2,777 |
| Paramount Residential Mortgage Group, Inc. | 1 | 5.75% | $5,123 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 5.50% | $11,271 |
| STOCKTON MORTGAGE CORPORATION | 1 | 6.75% | $7,819 |
| POLARIS HOME FUNDING CORP. | 1 | 6.50% | $11,672 |
| TEACHERS CREDIT UNION | 1 | 6.50% | $3,353 |
| Mid-Continent Funding, Inc. | 1 | 5.75% | $5,828 |
| MICHIGAN MUTUAL, INC. | 1 | 6.75% | $3,869 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 5.75% | $7,211 |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | 1 | 6.75% | $1,251 |
| NEWREZ LLC | 1 | 6.25% | $6,165 |
The top Auburn VA lender as defined by loan originations is Mortgage Research Center, LLC, with
12 VA loans originated. Their average total fees are
$5,587, which is $1,348
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Auburn VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($5,587), .
The lowest rate Auburn VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.57%), .