Auburn VA Loan Rates, Closing Costs & Stats

Auburn, 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.

    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 7.1% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.93% and one month ago for the week of 2024-03-15, the average rate was 6.79%.

    The average rate one year ago was 6.38%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

    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
    Auburn's median listing price for 2024-03-01 was $327,450, a difference of $-50,300 (-13.3%) versus the prior year and $28,285 versus the prior month.

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

    Auburn's average listing price for 2024-03-01 was $361,031, a difference of $-36,766 (-9.2%) versus the prior year and $12,455 versus the prior month.

    For the 2024-03-01 period, Auburn had 44 MLS listings, a difference of -15 listings (-25%) versus the prior month and 7 listings (19%) 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
    Auburn's median listing age (time on market) for 2024-03-01 was 0 days.

    Auburn's median square footage for active listings during the 2024-03-01 period was 1,957 sqft. One year prior, the average listing was 1,960 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.