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
0.09%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Bedford's average VA mortgage closing costs are $4,457.
The average rate for the prior week (2024-11-22) was
6.86% and
one month ago for the week of 2024-10-25, the
average rate was 6.26%.
The average rate one year ago was 7.4%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.1%.
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.
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. LouisDate | 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 |
2024-06-01 | $234,950 (-1.8%) | $301,528 (6.7%) | 0.00 | 109 |
2024-07-01 | $249,900 (3.0%) | $309,504 (7.8%) | 0.00 | 116 |
2024-08-01 | $259,900 (11.2%) | $310,954 (8.1%) | 0.00 | 122 |
2024-09-01 | $254,950 (4.5%) | $297,603 (1.6%) | 0.00 | 131 |
2024-10-01 | $249,900 (7.9%) | $287,924 (3.5%) | 0.00 | 136 |
Bedford's median listing price comes in at 0% of the national average.
Bedford's average listing price for 2024-10-01 was $287,924, a difference of $9,620 (3.5%) versus the prior year and $-9,679 versus the prior month.
For the 2024-10-01 period, Bedford had 136 MLS listings, a difference of 5 listings (4%) versus the prior month and 21 listings (18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bedford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
2024-06-01 | 0 days | 1,620 sqft |
2024-07-01 | 0 days | 1,623 sqft |
2024-08-01 | 0 days | 1,680 sqft |
2024-09-01 | 0 days | 1,655 sqft |
2024-10-01 | 0 days | 1,680 sqft |
Bedford's median square footage for active listings during the 2024-10-01 period was 1,680 sqft. One year prior, the average listing was 1,690 sqft.