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 39 lenders originated 129 VA loans during 2024. The total origination value was $33,825,000, with an average VA loan value of $262,209.

    Bedford VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bedford averaged 0.35% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Bedford's average VA mortgage closing costs are $4,636.

    The average rate for the prior week (2025-06-13) was 6.8% and one month ago for the week of 2025-05-16, the average rate was 7.16%.

    The average rate one year ago was 7.16%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.17%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 34 6.37% $3,718
    RUOFF MORTGAGE COMPANY, INC. 10 6.59% $2,969
    NAVY FEDERAL CREDIT UNION 7 5.80% $4,191
    UNITED WHOLESALE MORTGAGE, LLC 7 6.00% $8,446
    FREEDOM MORTGAGE CORPORATION 6 6.50% $9,248
    MOVEMENT MORTGAGE, LLC 5 6.78% $6,072
    VILLAGE CAPITAL MORTGAGE 4 5.69% $7,032
    Carrington Mortgage Services, LLC 4 6.31% $9,411
    CMG MORTGAGE, INC. 4 7.09% $4,287
    NEW DAY FINANCIAL, LLC 4 7.59% $7,645
    PENNYMAC LOAN SERVICES, LLC 4 5.81% $6,612
    The Federal Savings Bank 3 6.42% $11,158
    LOANPAL, LLC 3 6.33% $10,366
    Paramount Residential Mortgage Group, Inc. 3 6.71% $5,726
    PLANET HOME LENDING, LLC 2 5.88% $5,399
    Fifth Third Bank 2 6.00% $5,843
    HOMESIDE FINANCIAL, LLC 2 6.25% $7,856
    Equity Prime Mortgage LLC 1 7.50% $1,866
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $5,232
    DHI MORTGAGE COMPANY, LTD. 1 7.25% $3,270
    Mr. Cooper ( Nationstar Mortgage ) 1 6.50% $3,197
    BROKER SOLUTIONS, INC. 1 7.25% $5,090
    USAA Federal Savings Bank 1 7.00% $1,951
    Northwest Bank 1 6.13% $2,487
    Old National Bank 1 6.13% $1,949
    1ST SIGNATURE LENDING, LLC 1 6.75% $7,821
    Prosperity Home Mortgage, LLC 1 7.13% $8,480
    QUICKEN LOANS, LLC 1 6.75% $3,640
    ROYAL UNITED MORTGAGE LLC 1 7.25% $6,766
    Blue Ridge Bank 1 6.13% $3,609
    UNION HOME MORTGAGE CORP. 1 7.25% $13,303
    Barrington Bank & Trust Company, N.A. 1 5.75% $1,888
    Flanagan State Bank 1 6.50% $8,346
    First Federal Bank 1 5.88% $4,545
    FLAT BRANCH MORTGAGE, INC. 1 5.25% $2,509
    FAIR WAY LENDING LLC 1 6.12% $3,075
    HALLMARK HOME MORTGAGE, LLC 1 6.25% $5,417
    Lakeview Community Capital, LLC 1 5.63% $2,993
    LOANDEPOT.COM, LLC 1 6.50% $12,801

    The top Bedford VA lender as defined by loan originations is Mortgage Research Center, LLC, with 34 VA loans originated. Their average total fees are $3,718, which is $749 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Bedford VA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($2,969), Mortgage Research Center, LLC ($3,718), .

    The lowest rate Bedford VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.37%), RUOFF MORTGAGE COMPANY, INC. (6.59%), .

    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.