Bedford VA Loan Rates, Closing Costs & Stats

Bedford, 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.

Bedford's 27 lenders originated 91 VA loans during 2023. The total origination value was $22,025,000, with an average VA loan value of $242,033.

Bedford VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Bedford averaged 6.48% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

Bedford's average VA mortgage closing costs are $4,457.

The average rate for the prior week (2024-05-31) was 6.79% and one month ago for the week of 2024-05-03, the average rate was 7.02%.

The average rate one year ago was 6.62%.

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.

Bedford 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 Bedford level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 27 6.78% $4,025
RUOFF MORTGAGE COMPANY, INC. 15 6.66% $4,468
MOVEMENT MORTGAGE, LLC 4 7.50% $5,486
QUICKEN LOANS, LLC 4 5.75% $10,194
NAVY FEDERAL CREDIT UNION 3 6.04% $4,605
FREEDOM MORTGAGE CORPORATION 3 6.88% $7,380
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.75% $1,647
USAA Federal Savings Bank 2 6.31% $4,784
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.25% $5,942
Paramount Residential Mortgage Group, Inc. 2 7.31% $8,985
PENNYMAC LOAN SERVICES, LLC 2 5.81% $16,224
UNITED WHOLESALE MORTGAGE, LLC 2 6.62% $11,919
LOANDEPOT.COM, LLC 1 4.99% $16,459
GUARANTEED RATE, INC. 1 6.23% $600
CHURCHILL MORTGAGE CORPORATION 1 7.13% $3,413
CALIBER HOME LOANS, INC. 1 5.75% $5,268
Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $12,931
BROKER SOLUTIONS, INC. 1 6.25% $6,469
NEW DAY FINANCIAL, LLC 1 7.75% $9,161
THRIVE MORTGAGE, LLC 1 7.13% $3,309
AMERISAVE MORTGAGE CORPORATION 1 4.88% $15,281
POLARIS HOME FUNDING CORP. 1 6.50% $9,229
Barrington Bank & Trust Company, N.A. 1 7.25% $4,157
Bank of England 1 6.63% $21,472
GVC MORTGAGE, INC. 1 6.25% $6,392
HALLMARK HOME MORTGAGE, LLC 1 6.13% $12,631
INTERNATIONAL CITY MORTGAGE, INC. 1 6.00% $3,051

The top Bedford VA lender as defined by loan originations is Mortgage Research Center, LLC, with 27 VA loans originated. Their average total fees are $4,025, which is $443 lower than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

The lowest fee Bedford VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,025), RUOFF MORTGAGE COMPANY, INC. ($4,468), .

The lowest rate Bedford VA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. (6.66%), Mortgage Research Center, LLC (6.78%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Bedford (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 $114,975 (15.1%) $156,030 (9.9%) 0.00 204
2018-02-01 $115,600 (12.9%) $159,765 (13.5%) 0.00 193
2018-03-01 $112,000 (1.8%) $154,379 (0.2%) 0.00 201
2018-04-01 $122,950 (2.5%) $177,269 (9.9%) 0.00 211
2018-05-01 $129,900 (7.0%) $168,551 (3.3%) 0.00 218
2018-06-01 $129,900 (0.6%) $167,017 (-1.2%) 0.00 211
2018-07-01 $139,925 (7.7%) $172,923 (3.7%) 0.00 211
2018-08-01 $139,900 (9.4%) $171,173 (2.1%) 0.00 232
2018-09-01 $139,900 (10.2%) $180,213 (6.9%) 0.00 230
2018-10-01 $139,900 (10.4%) $173,160 (2.7%) 0.00 240
2018-11-01 $137,400 (5.8%) $170,528 (-1.6%) 0.00 234
2018-12-01 $139,900 (21.7%) $172,435 (12.0%) 0.00 222
2019-01-01 $134,050 (16.6%) $166,713 (6.9%) 0.00 207
2019-02-01 $129,900 (12.4%) $167,201 (4.7%) 0.00 197
2019-03-01 $135,086 (20.6%) $181,585 (17.6%) 0.00 168
2019-04-01 $144,175 (17.3%) $197,058 (11.2%) 0.00 138
2019-05-01 $147,700 (13.7%) $205,152 (21.7%) 0.00 140
2019-06-01 $154,900 (19.3%) $206,091 (23.4%) 0.00 133
2019-07-01 $159,900 (14.3%) $212,583 (22.9%) 0.00 129
2019-08-01 $159,936 (14.3%) $212,489 (24.1%) 0.00 133
2019-09-01 $159,916 (14.3%) $208,572 (15.7%) 0.00 132
2019-10-01 $165,652 (18.4%) $205,306 (18.6%) 0.00 132
2019-11-01 $169,900 (23.7%) $207,536 (21.7%) 0.00 133
2019-12-01 $165,925 (18.6%) $219,278 (27.2%) 0.00 130
2020-01-01 $159,950 (19.3%) $220,189 (32.1%) 0.00 123
2020-02-01 $167,500 (29.0%) $227,815 (36.3%) 0.00 123
2020-03-01 $164,350 (21.7%) $222,959 (22.8%) 0.00 121
2020-04-01 $164,700 (14.2%) $219,903 (11.6%) 0.00 113
2020-05-01 $174,950 (18.5%) $231,611 (12.9%) 0.00 102
2020-06-01 $198,450 (28.1%) $235,884 (14.5%) 0.00 92
2020-07-01 $184,675 (15.5%) $220,365 (3.7%) 0.00 93
2020-08-01 $185,600 (16.1%) $220,660 (3.9%) 0.00 85
2020-09-01 $167,450 (4.7%) $210,464 (0.9%) 0.00 82
2020-10-01 $179,900 (8.6%) $216,612 (5.5%) 0.00 89
2020-11-01 $183,225 (7.8%) $228,683 (10.2%) 0.00 77
2020-12-01 $184,700 (11.3%) $227,090 (3.6%) 0.00 73
2021-01-01 $183,900 (15.0%) $227,769 (3.4%) 0.00 62
2021-02-01 $159,900 (-4.5%) $219,874 (-3.5%) 0.00 53
2021-03-01 $183,900 (11.9%) $242,129 (8.6%) 0.00 49
2021-04-01 $198,650 (20.6%) $274,231 (24.7%) 0.00 47
2021-05-01 $205,950 (17.7%) $263,197 (13.6%) 0.00 58
2021-06-01 $238,675 (20.3%) $281,913 (19.5%) 0.00 67
2021-07-01 $249,900 (35.3%) $283,011 (28.4%) 0.00 77
2021-08-01 $237,000 (27.7%) $245,646 (11.3%) 0.00 75
2021-09-01 $245,350 (46.5%) $259,304 (23.2%) 0.00 84
2021-10-01 $247,450 (37.6%) $254,341 (17.4%) 0.00 90
2021-11-01 $224,925 (22.8%) $250,380 (9.5%) 0.00 80
2021-12-01 $228,650 (23.8%) $242,278 (6.7%) 0.00 75
2022-01-01 $249,900 (35.9%) $262,370 (15.2%) 0.00 63
2022-02-01 $235,800 (47.5%) $251,342 (14.3%) 0.00 57
2022-03-01 $228,675 (24.4%) $251,831 (4.0%) 0.00 57
2022-04-01 $209,900 (5.7%) $235,318 (-14.2%) 0.00 52
2022-05-01 $198,675 (-3.5%) $260,888 (-0.9%) 0.00 73
2022-06-01 $215,000 (-9.9%) $273,153 (-3.1%) 0.00 89
2022-07-01 $249,900 (0.0%) $292,788 (3.5%) 0.00 120
2022-08-01 $247,575 (4.5%) $292,690 (19.2%) 0.00 116
2022-09-01 $244,900 (-0.2%) $280,333 (8.1%) 0.00 128
2022-10-01 $249,000 (0.6%) $291,846 (14.8%) 0.00 128
2022-11-01 $246,900 (9.8%) $295,863 (18.2%) 0.00 126
2022-12-01 $249,900 (9.3%) $295,121 (21.8%) 0.00 124
2023-01-01 $247,200 (-1.1%) $315,400 (20.2%) 0.00 97
2023-02-01 $239,900 (1.7%) $298,899 (18.9%) 0.00 79
2023-03-01 $244,950 (7.1%) $318,488 (26.5%) 0.00 67
2023-04-01 $232,400 (10.7%) $303,936 (29.2%) 0.00 66
2023-05-01 $232,400 (17.0%) $293,246 (12.4%) 0.00 70
2023-06-01 $239,175 (11.2%) $282,555 (3.4%) 0.00 76
2023-07-01 $242,700 (-2.9%) $287,196 (-1.9%) 0.00 75
2023-08-01 $233,700 (-5.6%) $287,706 (-1.7%) 0.00 81
2023-09-01 $244,000 (-0.4%) $293,007 (4.5%) 0.00 101
2023-10-01 $231,700 (-7.0%) $278,304 (-4.6%) 0.00 115
2023-11-01 $227,450 (-7.9%) $279,087 (-5.7%) 0.00 111
2023-12-01 $209,900 (-16.0%) $268,145 (-9.1%) 0.00 122
2024-01-01 $219,900 (-11.0%) $269,648 (-14.5%) 0.00 115
2024-02-01 $214,950 (-10.4%) $272,455 (-8.9%) 0.00 107
2024-03-01 $219,900 (-10.2%) $282,986 (-11.2%) 0.00 106
2024-04-01 $219,950 (-5.4%) $283,458 (-6.7%) 0.00 103
2024-05-01 $212,400 (-8.6%) $291,007 (-0.8%) 0.00 107
Bedford's median listing price for 2024-05-01 was $212,400, a difference of $-20,000 (-8.6%) versus the prior year and $-7,550 versus the prior month.

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

Bedford's average listing price for 2024-05-01 was $291,007, a difference of $-2,239 (-0.8%) versus the prior year and $7,549 versus the prior month.

For the 2024-05-01 period, Bedford had 107 MLS listings, a difference of 4 listings (4%) versus the prior month and 37 listings (53%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Bedford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,440 sqft
2018-02-01 0 days 1,472 sqft
2018-03-01 0 days 1,462 sqft
2018-04-01 0 days 1,617 sqft
2018-05-01 0 days 1,654 sqft
2018-06-01 0 days 1,702 sqft
2018-07-01 0 days 1,682 sqft
2018-08-01 0 days 1,672 sqft
2018-09-01 0 days 1,637 sqft
2018-10-01 0 days 1,670 sqft
2018-11-01 0 days 1,644 sqft
2018-12-01 0 days 1,663 sqft
2019-01-01 0 days 1,642 sqft
2019-02-01 0 days 1,636 sqft
2019-03-01 0 days 1,622 sqft
2019-04-01 0 days 1,591 sqft
2019-05-01 0 days 1,677 sqft
2019-06-01 0 days 1,668 sqft
2019-07-01 0 days 1,771 sqft
2019-08-01 0 days 1,816 sqft
2019-09-01 0 days 1,809 sqft
2019-10-01 0 days 1,820 sqft
2019-11-01 0 days 1,728 sqft
2019-12-01 0 days 1,592 sqft
2020-01-01 0 days 1,664 sqft
2020-02-01 0 days 1,786 sqft
2020-03-01 0 days 1,803 sqft
2020-04-01 0 days 1,839 sqft
2020-05-01 0 days 1,848 sqft
2020-06-01 0 days 1,899 sqft
2020-07-01 0 days 1,831 sqft
2020-08-01 0 days 1,764 sqft
2020-09-01 0 days 1,785 sqft
2020-10-01 0 days 1,740 sqft
2020-11-01 0 days 1,693 sqft
2020-12-01 0 days 1,714 sqft
2021-01-01 0 days 1,650 sqft
2021-02-01 0 days 1,594 sqft
2021-03-01 0 days 1,678 sqft
2021-04-01 0 days 1,664 sqft
2021-05-01 0 days 1,678 sqft
2021-06-01 0 days 1,670 sqft
2021-07-01 0 days 1,684 sqft
2021-08-01 0 days 1,689 sqft
2021-09-01 0 days 1,779 sqft
2021-10-01 0 days 1,750 sqft
2021-11-01 0 days 1,731 sqft
2021-12-01 0 days 1,757 sqft
2022-01-01 0 days 1,750 sqft
2022-02-01 0 days 1,687 sqft
2022-03-01 0 days 1,581 sqft
2022-04-01 0 days 1,475 sqft
2022-05-01 0 days 1,442 sqft
2022-06-01 0 days 1,562 sqft
2022-07-01 0 days 1,691 sqft
2022-08-01 0 days 1,774 sqft
2022-09-01 0 days 1,780 sqft
2022-10-01 0 days 1,750 sqft
2022-11-01 0 days 1,790 sqft
2022-12-01 0 days 1,786 sqft
2023-01-01 0 days 1,750 sqft
2023-02-01 0 days 1,703 sqft
2023-03-01 0 days 1,788 sqft
2023-04-01 0 days 1,765 sqft
2023-05-01 0 days 1,745 sqft
2023-06-01 0 days 1,806 sqft
2023-07-01 0 days 1,750 sqft
2023-08-01 0 days 1,793 sqft
2023-09-01 0 days 1,739 sqft
2023-10-01 0 days 1,690 sqft
2023-11-01 0 days 1,674 sqft
2023-12-01 0 days 1,578 sqft
2024-01-01 0 days 1,570 sqft
2024-02-01 0 days 1,579 sqft
2024-03-01 0 days 1,570 sqft
2024-04-01 0 days 1,589 sqft
2024-05-01 0 days 1,525 sqft
Bedford's median listing age (time on market) for 2024-05-01 was 0 days.

Bedford's median square footage for active listings during the 2024-05-01 period was 1,525 sqft. One year prior, the average listing was 1,745 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.