Crawfordsville VA Loan Rates, Closing Costs & Stats

Crawfordsville, 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.

    Crawfordsville's 32 lenders originated 72 VA loans during 2024. The total origination value was $17,050,000, with an average VA loan value of $236,806.

    Crawfordsville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Crawfordsville averaged 0.43% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Crawfordsville's average VA mortgage closing costs are $4,898.

    The average rate for the prior week (2025-06-13) was 7.17% and one month ago for the week of 2025-05-16, the average rate was 7.03%.

    The average rate one year ago was 7.03%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Crawfordsville 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 Crawfordsville level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 16 6.55% $4,962
    Wolfe Financial, Inc 6 7.10% $5,317
    FREEDOM MORTGAGE CORPORATION 6 6.38% $4,871
    University Bank 4 6.16% $4,617
    UNITED WHOLESALE MORTGAGE, LLC 3 6.58% $9,448
    NEW DAY FINANCIAL, LLC 3 6.87% $7,829
    GVC MORTGAGE, INC. 2 7.13% $5,747
    PENNYMAC LOAN SERVICES, LLC 2 5.75% $4,704
    Carrington Mortgage Services, LLC 2 6.38% $7,367
    QUICKEN LOANS, LLC 2 6.74% $8,165
    LOANDEPOT.COM, LLC 2 6.81% $6,258
    LAKEVIEW LOAN SERVICING, LLC 1 7.25% $8,654
    LOANPAL, LLC 1 5.75% $16,689
    Magnolia Bank 1 5.13% $7,628
    CANOPY MORTGAGE, LLC 1 7.25% $8,377
    CLEARPATH LENDING 1 5.63% $1,643
    NBKC BANK 1 6.63% $5,203
    Plains Commerce Bank 1 6.38% $8,393
    PLANET HOME LENDING, LLC 1 6.38% $3,047
    PNC Bank 1 6.25% $1,729
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $4,301
    RUOFF MORTGAGE COMPANY, INC. 1 6.63% $4,774
    TEACHERS CREDIT UNION 1 6.25% $5,769
    The Federal Savings Bank 1 6.00% $19,408
    NAVY FEDERAL CREDIT UNION 1 5.75% $3,053
    CMG MORTGAGE, INC. 1 7.13% $8,923
    ENDEAVOR CAPITAL, LLC. 1 6.49% $7,606
    Equity Prime Mortgage LLC 1 6.50% $15,247
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $147
    First Federal Bank 1 6.63% $13,567
    Barrington Bank & Trust Company, N.A. 1 5.63% $7,455
    HALLMARK HOME MORTGAGE, LLC 1 6.25% $3,193

    The top Crawfordsville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 16 VA loans originated. Their average total fees are $4,962, which is $355 lower than the next largest lender, Wolfe Financial, Inc.

    The lowest fee Crawfordsville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,962), .

    The lowest rate Crawfordsville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.55%), .

    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.