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 24 lenders originated 52 VA loans during 2023. The total origination value was $12,180,000, with an average VA loan value of $234,231.

Auburn VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Auburn averaged 7.13% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

Auburn's average VA mortgage closing costs are $4,676.

The average rate for the prior week (2024-05-31) was 6.94% and one month ago for the week of 2024-05-03, the average rate was 7.26%.

The average rate one year ago was 6.96%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.19%.

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

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 8 7.06% $4,073
RUOFF MORTGAGE COMPANY, INC. 7 6.82% $5,502
NEW DAY FINANCIAL, LLC 4 7.69% $12,026
GVC MORTGAGE, INC. 3 7.46% $3,415
QUICKEN LOANS, LLC 2 6.75% $6,083
HALLMARK HOME MORTGAGE, LLC 2 7.19% $5,987
FREEDOM MORTGAGE CORPORATION 2 7.00% $7,108
Barrington Bank & Trust Company, N.A. 2 7.50% $4,320
NEWREZ LLC 2 7.19% $10,444
PENNYMAC LOAN SERVICES, LLC 2 5.31% $13,978
POLARIS HOME FUNDING CORP. 2 7.19% $4,997
UNION HOME MORTGAGE CORP. 1 7.25% $4,046
UNITED WHOLESALE MORTGAGE, LLC 1 6.62% $8,835
VAN DYK MORTGAGE CORPORATION 1 6.63% $3,893
CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $7,132
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.63% $7,837
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $1,168
Flagstar Bank, FSB 1 7.25% $6,832
LOANDEPOT.COM, LLC 1 5.75% $7,782
MICHIGAN MUTUAL, INC. 1 7.63% $7,097
Nations Lending Corporation 1 6.75% $11,109
NAVY FEDERAL CREDIT UNION 1 5.63% $2,594
Paramount Residential Mortgage Group, Inc. 1 7.63% $4,199
PLAZA HOME MORTGAGE, INC. 1 6.75% $10,352

The top Auburn VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8 VA loans originated. Their average total fees are $4,073, which is $1,429 lower than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Auburn (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 $168,750 (56.7%) $190,507 (35.6%) 0.00 95
2018-02-01 $171,291 (55.4%) $179,121 (20.9%) 0.00 94
2018-03-01 $169,994 (55.3%) $183,812 (22.4%) 0.00 86
2018-04-01 $178,625 (51.8%) $204,100 (33.1%) 0.00 80
2018-05-01 $178,100 (21.6%) $218,247 (23.9%) 0.00 81
2018-06-01 $169,850 (30.8%) $211,774 (18.2%) 0.00 85
2018-07-01 $182,150 (21.9%) $211,706 (14.1%) 0.00 101
2018-08-01 $179,900 (30.9%) $209,686 (5.2%) 0.00 104
2018-09-01 $169,500 (13.4%) $211,134 (-6.8%) 0.00 90
2018-10-01 $163,725 (10.6%) $208,856 (-7.9%) 0.00 100
2018-11-01 $145,000 (3.6%) $190,545 (-6.5%) 0.00 103
2018-12-01 $154,900 (14.0%) $198,232 (12.2%) 0.00 98
2019-01-01 $164,450 (-2.6%) $201,803 (5.9%) 0.00 88
2019-02-01 $157,400 (-8.1%) $194,860 (8.8%) 0.00 85
2019-03-01 $164,186 (-3.4%) $197,157 (7.3%) 0.00 75
2019-04-01 $166,711 (-6.7%) $203,325 (-0.4%) 0.00 69
2019-05-01 $199,900 (12.2%) $220,015 (0.8%) 0.00 67
2019-06-01 $199,700 (17.6%) $222,840 (5.2%) 0.00 73
2019-07-01 $191,200 (5.0%) $213,506 (0.9%) 0.00 90
2019-08-01 $192,082 (6.8%) $217,976 (4.0%) 0.00 95
2019-09-01 $190,855 (12.6%) $223,313 (5.8%) 0.00 90
2019-10-01 $188,650 (15.2%) $226,459 (8.4%) 0.00 87
2019-11-01 $172,500 (19.0%) $213,347 (12.0%) 0.00 92
2019-12-01 $171,800 (10.9%) $203,389 (2.6%) 0.00 89
2020-01-01 $170,850 (3.9%) $199,464 (-1.2%) 0.00 83
2020-02-01 $158,900 (1.0%) $203,970 (4.7%) 0.00 79
2020-03-01 $172,175 (4.9%) $218,012 (10.6%) 0.00 65
2020-04-01 $200,383 (20.2%) $224,219 (10.3%) 0.00 63
2020-05-01 $229,450 (14.8%) $301,454 (37.0%) 0.00 61
2020-06-01 $233,425 (16.9%) $303,358 (36.1%) 0.00 60
2020-07-01 $227,900 (19.2%) $337,333 (58.0%) 0.00 50
2020-08-01 $218,400 (13.7%) $328,286 (50.6%) 0.00 50
2020-09-01 $215,300 (12.8%) $348,911 (56.2%) 0.00 44
2020-10-01 $204,900 (8.6%) $305,794 (35.0%) 0.00 45
2020-11-01 $220,600 (27.9%) $313,971 (47.2%) 0.00 49
2020-12-01 $232,400 (35.3%) $328,382 (61.5%) 0.00 43
2021-01-01 $214,700 (25.7%) $331,240 (66.1%) 0.00 28
2021-02-01 $238,546 (50.1%) $361,819 (77.4%) 0.00 24
2021-03-01 $173,400 (0.7%) $330,371 (51.5%) 0.00 23
2021-04-01 $203,709 (1.7%) $390,638 (74.2%) 0.00 20
2021-05-01 $189,950 (-17.2%) $392,032 (30.1%) 0.00 22
2021-06-01 $189,900 (-18.7%) $332,488 (9.6%) 0.00 31
2021-07-01 $204,950 (-10.1%) $344,737 (2.2%) 0.00 36
2021-08-01 $209,950 (-3.9%) $300,885 (-8.4%) 0.00 45
2021-09-01 $221,200 (2.7%) $278,600 (-20.2%) 0.00 47
2021-10-01 $189,900 (-7.3%) $251,612 (-17.7%) 0.00 43
2021-11-01 $187,400 (-15.1%) $251,107 (-20.0%) 0.00 38
2021-12-01 $184,975 (-20.4%) $261,758 (-20.3%) 0.00 41
2022-01-01 $184,950 (-13.9%) $261,138 (-21.2%) 0.00 34
2022-02-01 $172,000 (-27.9%) $292,018 (-19.3%) 0.00 19
2022-03-01 $263,450 (51.9%) $520,165 (57.5%) 0.00 22
2022-04-01 $299,900 (47.2%) $619,820 (58.7%) 0.00 23
2022-05-01 $275,425 (45.0%) $479,691 (22.4%) 0.00 38
2022-06-01 $309,900 (63.2%) $466,266 (40.2%) 0.00 44
2022-07-01 $290,000 (41.5%) $376,053 (9.1%) 0.00 55
2022-08-01 $349,675 (66.6%) $449,776 (49.5%) 0.00 39
2022-09-01 $321,073 (45.2%) $391,678 (40.6%) 0.00 46
2022-10-01 $316,300 (66.6%) $359,140 (42.7%) 0.00 64
2022-11-01 $324,798 (73.3%) $363,931 (44.9%) 0.00 68
2022-12-01 $314,900 (70.2%) $338,285 (29.2%) 0.00 65
2023-01-01 $329,900 (78.4%) $335,372 (28.4%) 0.00 52
2023-02-01 $354,807 (106.3%) $364,418 (24.8%) 0.00 43
2023-03-01 $377,750 (43.4%) $397,797 (-23.5%) 0.00 37
2023-04-01 $339,900 (13.3%) $364,966 (-41.1%) 0.00 37
2023-05-01 $272,441 (-1.1%) $311,436 (-35.1%) 0.00 52
2023-06-01 $339,400 (9.5%) $364,668 (-21.8%) 0.00 53
2023-07-01 $369,000 (27.2%) $381,448 (1.4%) 0.00 50
2023-08-01 $363,650 (4.0%) $385,646 (-14.3%) 0.00 60
2023-09-01 $338,600 (5.5%) $379,028 (-3.2%) 0.00 65
2023-10-01 $309,675 (-2.1%) $368,849 (2.7%) 0.00 73
2023-11-01 $318,650 (-1.9%) $364,428 (0.1%) 0.00 78
2023-12-01 $297,500 (-5.5%) $349,437 (3.3%) 0.00 78
2024-01-01 $291,238 (-11.7%) $341,468 (1.8%) 0.00 73
2024-02-01 $299,165 (-15.7%) $348,576 (-4.4%) 0.00 59
2024-03-01 $327,450 (-13.3%) $361,031 (-9.2%) 0.00 44
2024-04-01 $322,175 (-5.2%) $346,361 (-5.1%) 0.00 49
2024-05-01 $325,138 (19.3%) $373,926 (20.1%) 0.00 50
Auburn's median listing price for 2024-05-01 was $325,138, a difference of $52,697 (19.3%) versus the prior year and $2,963 versus the prior month.

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

Auburn's average listing price for 2024-05-01 was $373,926, a difference of $62,490 (20.1%) versus the prior year and $27,565 versus the prior month.

For the 2024-05-01 period, Auburn had 50 MLS listings, a difference of 1 listings (2%) versus the prior month and -2 listings (-4%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Auburn (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,725 sqft
2018-02-01 0 days 1,726 sqft
2018-03-01 0 days 1,722 sqft
2018-04-01 0 days 1,780 sqft
2018-05-01 0 days 1,907 sqft
2018-06-01 0 days 1,921 sqft
2018-07-01 0 days 1,924 sqft
2018-08-01 0 days 1,915 sqft
2018-09-01 0 days 1,838 sqft
2018-10-01 0 days 1,854 sqft
2018-11-01 0 days 1,761 sqft
2018-12-01 0 days 1,804 sqft
2019-01-01 0 days 1,855 sqft
2019-02-01 0 days 1,809 sqft
2019-03-01 0 days 1,848 sqft
2019-04-01 0 days 1,864 sqft
2019-05-01 0 days 1,848 sqft
2019-06-01 0 days 1,911 sqft
2019-07-01 0 days 1,941 sqft
2019-08-01 0 days 1,934 sqft
2019-09-01 0 days 1,954 sqft
2019-10-01 0 days 1,899 sqft
2019-11-01 0 days 1,796 sqft
2019-12-01 0 days 1,791 sqft
2020-01-01 0 days 1,789 sqft
2020-02-01 0 days 1,746 sqft
2020-03-01 0 days 1,794 sqft
2020-04-01 0 days 1,803 sqft
2020-05-01 0 days 1,848 sqft
2020-06-01 0 days 1,838 sqft
2020-07-01 0 days 1,819 sqft
2020-08-01 0 days 1,819 sqft
2020-09-01 0 days 1,751 sqft
2020-10-01 0 days 1,801 sqft
2020-11-01 0 days 1,809 sqft
2020-12-01 0 days 1,812 sqft
2021-01-01 0 days 1,800 sqft
2021-02-01 0 days 1,713 sqft
2021-03-01 0 days 1,616 sqft
2021-04-01 0 days 1,752 sqft
2021-05-01 0 days 1,621 sqft
2021-06-01 0 days 1,685 sqft
2021-07-01 0 days 1,705 sqft
2021-08-01 0 days 1,710 sqft
2021-09-01 0 days 1,780 sqft
2021-10-01 0 days 1,766 sqft
2021-11-01 0 days 1,676 sqft
2021-12-01 0 days 1,754 sqft
2022-01-01 0 days 1,708 sqft
2022-02-01 0 days 1,844 sqft
2022-03-01 0 days 1,894 sqft
2022-04-01 0 days 1,986 sqft
2022-05-01 0 days 1,711 sqft
2022-06-01 0 days 1,843 sqft
2022-07-01 0 days 1,844 sqft
2022-08-01 0 days 1,977 sqft
2022-09-01 0 days 1,923 sqft
2022-10-01 0 days 1,970 sqft
2022-11-01 0 days 1,972 sqft
2022-12-01 0 days 1,840 sqft
2023-01-01 0 days 1,845 sqft
2023-02-01 0 days 1,892 sqft
2023-03-01 0 days 1,960 sqft
2023-04-01 0 days 1,866 sqft
2023-05-01 0 days 1,888 sqft
2023-06-01 0 days 1,977 sqft
2023-07-01 0 days 2,004 sqft
2023-08-01 0 days 1,970 sqft
2023-09-01 0 days 2,008 sqft
2023-10-01 0 days 1,960 sqft
2023-11-01 0 days 1,977 sqft
2023-12-01 0 days 1,895 sqft
2024-01-01 0 days 1,766 sqft
2024-02-01 0 days 1,783 sqft
2024-03-01 0 days 1,957 sqft
2024-04-01 0 days 2,018 sqft
2024-05-01 0 days 2,024 sqft
Auburn's median listing age (time on market) for 2024-05-01 was 0 days.

Auburn's median square footage for active listings during the 2024-05-01 period was 2,024 sqft. One year prior, the average listing was 1,888 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.