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 21 lenders originated 45 VA loans during 2023. The total origination value was $10,265,000, with an average VA loan value of $228,111.

    Crawfordsville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Crawfordsville averaged 7.14% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Crawfordsville's average VA mortgage closing costs are $4,691.

    The average rate for the prior week (2024-04-12) was 7.17% and one month ago for the week of 2024-03-15, the average rate was 6.84%.

    The average rate one year ago was 6.63%.

    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.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 10 6.92% $3,701
    Wolfe Financial, Inc 4 7.16% $5,602
    FREEDOM MORTGAGE CORPORATION 4 6.88% $13,088
    University Bank 4 6.66% $2,847
    PNC Bank 3 6.79% $4,871
    GVC MORTGAGE, INC. 2 6.13% $7,503
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.00% $6,228
    QUICKEN LOANS, LLC 1 5.99% $13,636
    RUOFF MORTGAGE COMPANY, INC. 1 7.50% $8,453
    Servion, Inc. 1 5.63% $9,332
    TEACHERS CREDIT UNION 1 6.13% $8,451
    UNION HOME MORTGAGE CORP. 1 7.63% $12,542
    UNITED WHOLESALE MORTGAGE, LLC 1 6.13% $11,540
    USAA Federal Savings Bank 1 6.50% $6,472
    NEW DAY FINANCIAL, LLC 1 7.99% $8,480
    BROKER SOLUTIONS, INC. 1 6.50% $12,472
    LOANPAL, LLC 1 6.75% $7,876
    Magnolia Bank 1 6.49% $15,580
    MJW Financial LLC 1 6.99% $6,750
    NAVY FEDERAL CREDIT UNION 1 5.00% $2,544
    Barrington Bank & Trust Company, N.A. 1 5.75% $2,036

    The top Crawfordsville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 10 VA loans originated. Their average total fees are $3,701, which is $1,901 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 ($3,701), .

    The lowest rate Crawfordsville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.92%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Crawfordsville (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 $129,450 (29.5%) $196,553 (24.6%) 0.00 131
    2018-02-01 $137,500 (24.8%) $202,578 (22.7%) 0.00 134
    2018-03-01 $138,400 (33.1%) $198,255 (20.3%) 0.00 130
    2018-04-01 $128,800 (7.4%) $194,327 (10.7%) 0.00 128
    2018-05-01 $138,650 (15.6%) $190,772 (3.9%) 0.00 135
    2018-06-01 $144,700 (19.4%) $192,903 (6.2%) 0.00 145
    2018-07-01 $149,900 (5.2%) $204,041 (-3.0%) 0.00 151
    2018-08-01 $147,200 (1.3%) $203,027 (-3.0%) 0.00 156
    2018-09-01 $139,900 (-5.8%) $205,696 (-1.1%) 0.00 149
    2018-10-01 $134,800 (-5.9%) $188,352 (-11.1%) 0.00 163
    2018-11-01 $129,800 (-6.7%) $194,311 (-8.0%) 0.00 154
    2018-12-01 $142,900 (10.0%) $196,115 (-2.8%) 0.00 136
    2019-01-01 $123,700 (-4.4%) $190,877 (-2.9%) 0.00 125
    2019-02-01 $112,750 (-18.0%) $143,612 (-29.1%) 0.00 99
    2019-03-01 $125,671 (-9.2%) $159,470 (-19.6%) 0.00 95
    2019-04-01 $140,950 (9.4%) $165,601 (-14.8%) 0.00 87
    2019-05-01 $141,950 (2.4%) $167,150 (-12.4%) 0.00 87
    2019-06-01 $135,000 (-6.7%) $163,926 (-15.0%) 0.00 93
    2019-07-01 $149,900 (0.0%) $171,118 (-16.1%) 0.00 115
    2019-08-01 $143,050 (-2.8%) $169,023 (-16.8%) 0.00 105
    2019-09-01 $137,200 (-1.9%) $166,992 (-18.8%) 0.00 114
    2019-10-01 $134,425 (-0.3%) $165,111 (-12.3%) 0.00 121
    2019-11-01 $143,700 (10.7%) $166,439 (-14.3%) 0.00 113
    2019-12-01 $141,200 (-1.2%) $167,512 (-14.6%) 0.00 105
    2020-01-01 $142,600 (15.3%) $179,705 (-5.9%) 0.00 102
    2020-02-01 $141,200 (25.2%) $179,627 (25.1%) 0.00 94
    2020-03-01 $143,000 (13.8%) $188,040 (17.9%) 0.00 82
    2020-04-01 $148,350 (5.3%) $193,730 (17.0%) 0.00 74
    2020-05-01 $159,900 (12.7%) $209,898 (25.6%) 0.00 59
    2020-06-01 $159,575 (18.2%) $217,135 (32.5%) 0.00 49
    2020-07-01 $178,800 (19.3%) $220,574 (28.9%) 0.00 50
    2020-08-01 $172,400 (20.5%) $205,386 (21.5%) 0.00 51
    2020-09-01 $162,350 (18.3%) $194,513 (16.5%) 0.00 48
    2020-10-01 $139,900 (4.1%) $191,715 (16.1%) 0.00 47
    2020-11-01 $156,225 (8.7%) $189,126 (13.6%) 0.00 45
    2020-12-01 $169,750 (20.2%) $187,799 (12.1%) 0.00 37
    2021-01-01 $169,500 (18.9%) $173,056 (-3.7%) 0.00 30
    2021-02-01 $168,563 (19.4%) $195,547 (8.9%) 0.00 23
    2021-03-01 $159,900 (11.8%) $195,364 (3.9%) 0.00 23
    2021-04-01 $197,075 (32.8%) $223,678 (15.5%) 0.00 23
    2021-05-01 $190,000 (18.8%) $223,499 (6.5%) 0.00 31
    2021-06-01 $180,675 (13.2%) $220,111 (1.4%) 0.00 35
    2021-07-01 $205,000 (14.7%) $210,497 (-4.6%) 0.00 47
    2021-08-01 $171,700 (-0.4%) $197,603 (-3.8%) 0.00 50
    2021-09-01 $189,000 (16.4%) $211,739 (8.9%) 0.00 52
    2021-10-01 $189,900 (35.7%) $219,058 (14.3%) 0.00 45
    2021-11-01 $183,375 (17.4%) $230,826 (22.1%) 0.00 49
    2021-12-01 $192,000 (13.1%) $230,292 (22.6%) 0.00 53
    2022-01-01 $163,950 (-3.3%) $222,516 (28.6%) 0.00 36
    2022-02-01 $172,450 (2.3%) $218,184 (11.6%) 0.00 26
    2022-03-01 $167,225 (4.6%) $236,697 (21.2%) 0.00 24
    2022-04-01 $159,950 (-18.8%) $222,948 (-0.3%) 0.00 29
    2022-05-01 $204,550 (7.7%) $258,361 (15.6%) 0.00 40
    2022-06-01 $194,950 (7.9%) $246,468 (12.0%) 0.00 50
    2022-07-01 $209,900 (2.4%) $241,417 (14.7%) 0.00 63
    2022-08-01 $199,450 (16.2%) $234,257 (18.6%) 0.00 59
    2022-09-01 $183,675 (-2.8%) $226,932 (7.2%) 0.00 52
    2022-10-01 $202,500 (6.6%) $228,713 (4.4%) 0.00 63
    2022-11-01 $198,350 (8.2%) $243,008 (5.3%) 0.00 73
    2022-12-01 $200,000 (4.2%) $253,471 (10.1%) 0.00 73
    2023-01-01 $196,125 (19.6%) $247,629 (11.3%) 0.00 69
    2023-02-01 $187,475 (8.7%) $238,439 (9.3%) 0.00 54
    2023-03-01 $188,100 (12.5%) $225,236 (-4.8%) 0.00 53
    2023-04-01 $194,950 (21.9%) $244,122 (9.5%) 0.00 39
    2023-05-01 $189,725 (-7.3%) $244,085 (-5.5%) 0.00 44
    2023-06-01 $231,950 (19.0%) $264,117 (7.2%) 0.00 50
    2023-07-01 $270,000 (28.6%) $301,289 (24.8%) 0.00 43
    2023-08-01 $268,450 (34.6%) $292,465 (24.9%) 0.00 48
    2023-09-01 $269,900 (46.9%) $289,848 (27.7%) 0.00 58
    2023-10-01 $244,950 (21.0%) $273,589 (19.6%) 0.00 79
    2023-11-01 $240,950 (21.5%) $273,554 (12.6%) 0.00 79
    2023-12-01 $242,450 (21.2%) $277,997 (9.7%) 0.00 77
    2024-01-01 $256,000 (30.5%) $287,746 (16.2%) 0.00 60
    2024-02-01 $257,475 (37.3%) $288,508 (21.0%) 0.00 55
    2024-03-01 $284,950 (51.5%) $312,735 (38.9%) 0.00 47
    Crawfordsville's median listing price for 2024-03-01 was $284,950, a difference of $96,850 (51.5%) versus the prior year and $27,475 versus the prior month.

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

    Crawfordsville's average listing price for 2024-03-01 was $312,735, a difference of $87,499 (38.9%) versus the prior year and $24,227 versus the prior month.

    For the 2024-03-01 period, Crawfordsville had 47 MLS listings, a difference of -8 listings (-15%) versus the prior month and -6 listings (-11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Crawfordsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,995 sqft
    2018-02-01 0 days 2,000 sqft
    2018-03-01 0 days 1,996 sqft
    2018-04-01 0 days 1,986 sqft
    2018-05-01 0 days 1,992 sqft
    2018-06-01 0 days 2,058 sqft
    2018-07-01 0 days 2,111 sqft
    2018-08-01 0 days 2,062 sqft
    2018-09-01 0 days 2,216 sqft
    2018-10-01 0 days 2,234 sqft
    2018-11-01 0 days 2,216 sqft
    2018-12-01 0 days 2,194 sqft
    2019-01-01 0 days 2,019 sqft
    2019-02-01 0 days 1,980 sqft
    2019-03-01 0 days 2,003 sqft
    2019-04-01 0 days 2,053 sqft
    2019-05-01 0 days 2,131 sqft
    2019-06-01 0 days 2,128 sqft
    2019-07-01 0 days 2,080 sqft
    2019-08-01 0 days 2,046 sqft
    2019-09-01 0 days 1,996 sqft
    2019-10-01 0 days 2,029 sqft
    2019-11-01 0 days 2,018 sqft
    2019-12-01 0 days 1,971 sqft
    2020-01-01 0 days 1,844 sqft
    2020-02-01 0 days 1,885 sqft
    2020-03-01 0 days 1,843 sqft
    2020-04-01 0 days 1,988 sqft
    2020-05-01 0 days 2,016 sqft
    2020-06-01 0 days 2,014 sqft
    2020-07-01 0 days 2,066 sqft
    2020-08-01 0 days 2,088 sqft
    2020-09-01 0 days 2,204 sqft
    2020-10-01 0 days 2,081 sqft
    2020-11-01 0 days 2,388 sqft
    2020-12-01 0 days 2,088 sqft
    2021-01-01 0 days 1,987 sqft
    2021-02-01 0 days 1,928 sqft
    2021-03-01 0 days 1,894 sqft
    2021-04-01 0 days 2,170 sqft
    2021-05-01 0 days 2,066 sqft
    2021-06-01 0 days 2,014 sqft
    2021-07-01 0 days 2,052 sqft
    2021-08-01 0 days 2,014 sqft
    2021-09-01 0 days 2,103 sqft
    2021-10-01 0 days 1,983 sqft
    2021-11-01 0 days 2,139 sqft
    2021-12-01 0 days 2,074 sqft
    2022-01-01 0 days 1,849 sqft
    2022-02-01 0 days 1,865 sqft
    2022-03-01 0 days 1,753 sqft
    2022-04-01 0 days 1,855 sqft
    2022-05-01 0 days 1,936 sqft
    2022-06-01 0 days 2,030 sqft
    2022-07-01 0 days 2,009 sqft
    2022-08-01 0 days 2,068 sqft
    2022-09-01 0 days 1,892 sqft
    2022-10-01 0 days 1,960 sqft
    2022-11-01 0 days 1,879 sqft
    2022-12-01 0 days 1,898 sqft
    2023-01-01 0 days 1,814 sqft
    2023-02-01 0 days 1,763 sqft
    2023-03-01 0 days 1,683 sqft
    2023-04-01 0 days 2,127 sqft
    2023-05-01 0 days 1,812 sqft
    2023-06-01 0 days 2,028 sqft
    2023-07-01 0 days 2,260 sqft
    2023-08-01 0 days 2,172 sqft
    2023-09-01 0 days 2,283 sqft
    2023-10-01 0 days 2,299 sqft
    2023-11-01 0 days 2,241 sqft
    2023-12-01 0 days 2,196 sqft
    2024-01-01 0 days 2,192 sqft
    2024-02-01 0 days 2,409 sqft
    2024-03-01 0 days 2,520 sqft
    Crawfordsville's median listing age (time on market) for 2024-03-01 was 0 days.

    Crawfordsville's median square footage for active listings during the 2024-03-01 period was 2,520 sqft. One year prior, the average listing was 1,683 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.