Bedford VA Loan Rates, Closing Costs & Stats

Bedford, 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.

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

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

    The average rate for the prior week (2024-04-12) was 6.78% and one month ago for the week of 2024-03-15, the average rate was 6.74%.

    The average rate one year ago was 6.43%.

    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.

    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
    Bedford's median listing price for 2024-03-01 was $219,900, a difference of $-25,050 (-10.2%) versus the prior year and $4,950 versus the prior month.

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

    Bedford's average listing price for 2024-03-01 was $282,986, a difference of $-35,502 (-11.2%) versus the prior year and $10,531 versus the prior month.

    For the 2024-03-01 period, Bedford had 106 MLS listings, a difference of -1 listings (-1%) versus the prior month and 39 listings (58%) 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
    Bedford's median listing age (time on market) for 2024-03-01 was 0 days.

    Bedford's median square footage for active listings during the 2024-03-01 period was 1,570 sqft. One year prior, the average listing was 1,788 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.