Evansville VA Loan Rates, Closing Costs & Stats
EVANSVILLE, IN-KY
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.
Evansville's 54 lenders originated 289 VA loans during 2023. The total origination value was $69,515,000, with an average VA loan value of $240,536.
Evansville VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Evansville
averaged
6.29%
for the week of 2024-12-06, compared to the national average (all VA variants) of
6.143% for the same period.
Evansville's average VA mortgage closing costs are $4,448.
The average rate for the prior week (2024-11-29) was
6.68% and
one month ago for the week of 2024-11-01, the
average rate was 6.74%.
The average rate one year ago was 7.09%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.38%.
Evansville 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 Evansville level.
The top Evansville VA lender as defined by loan originations is Mortgage Research Center, LLC, with
73 VA loans originated. Their average total fees are
$4,232, which is $238
lower than the next largest lender,
MORTGAGE MASTERS OF INDIANA, INC..
The lowest fee Evansville VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($4,232), MORTGAGE MASTERS OF INDIANA, INC. ($4,470), Bank of England ($4,864), UNITED WHOLESALE MORTGAGE, LLC ($8,084) and QUICKEN LOANS, LLC ($9,710).
The lowest rate Evansville VA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.10%), UNITED WHOLESALE MORTGAGE, LLC (6.37%), MORTGAGE MASTERS OF INDIANA, INC. (6.72%), Bank of England (6.75%) and Mortgage Research Center, LLC (6.93%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Evansville (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 | $154,900 (15.7%) | $196,715 (12.3%) | 0.57 | 891 |
2018-02-01 | $154,950 (14.9%) | $199,356 (11.2%) | 0.56 | 837 |
2018-03-01 | $173,000 (19.5%) | $211,823 (12.7%) | 0.61 | 760 |
2018-04-01 | $174,950 (20.7%) | $219,527 (14.3%) | 0.59 | 726 |
2018-05-01 | $174,900 (13.0%) | $223,156 (9.3%) | 0.58 | 741 |
2018-06-01 | $169,888 (12.3%) | $222,439 (10.9%) | 0.57 | 833 |
2018-07-01 | $166,450 (6.9%) | $216,962 (6.8%) | 0.56 | 891 |
2018-08-01 | $164,900 (10.0%) | $209,628 (0.8%) | 0.55 | 931 |
2018-09-01 | $159,900 (6.6%) | $209,479 (-1.5%) | 0.54 | 930 |
2018-10-01 | $164,900 (3.1%) | $207,866 (-3.5%) | 0.56 | 954 |
2018-11-01 | $162,250 (1.1%) | $202,545 (-5.9%) | 0.55 | 972 |
2018-12-01 | $155,000 (4.1%) | $194,944 (0.7%) | 0.53 | 927 |
2019-01-01 | $154,950 (0.0%) | $189,780 (-3.5%) | 0.54 | 887 |
2019-02-01 | $155,900 (0.6%) | $191,989 (-3.7%) | 0.53 | 818 |
2019-03-01 | $168,100 (-2.8%) | $203,875 (-3.8%) | 0.55 | 772 |
2019-04-01 | $177,900 (1.7%) | $216,391 (-1.4%) | 0.56 | 749 |
2019-05-01 | $177,550 (1.5%) | $222,191 (-0.4%) | 0.55 | 779 |
2019-06-01 | $179,900 (5.9%) | $224,601 (1.0%) | 0.56 | 779 |
2019-07-01 | $175,900 (5.7%) | $221,536 (2.1%) | 0.55 | 815 |
2019-08-01 | $165,155 (0.2%) | $214,000 (2.1%) | 0.52 | 877 |
2019-09-01 | $159,386 (-0.3%) | $208,354 (-0.5%) | 0.51 | 926 |
2019-10-01 | $154,900 (-6.1%) | $204,995 (-1.4%) | 0.50 | 958 |
2019-11-01 | $149,900 (-7.6%) | $201,280 (-0.6%) | 0.49 | 887 |
2019-12-01 | $143,675 (-7.3%) | $195,797 (0.4%) | 0.48 | 819 |
2020-01-01 | $138,625 (-10.5%) | $192,476 (1.4%) | 0.46 | 730 |
2020-02-01 | $145,000 (-7.0%) | $197,927 (3.1%) | 0.47 | 620 |
2020-03-01 | $171,100 (1.8%) | $218,706 (7.3%) | 0.54 | 547 |
2020-04-01 | $179,200 (0.7%) | $223,888 (3.5%) | 0.56 | 543 |
2020-05-01 | $180,900 (1.9%) | $240,471 (8.2%) | 0.55 | 476 |
2020-06-01 | $186,100 (3.5%) | $247,305 (10.1%) | 0.55 | 457 |
2020-07-01 | $187,000 (6.3%) | $245,134 (10.7%) | 0.54 | 454 |
2020-08-01 | $185,000 (12.0%) | $248,663 (16.2%) | 0.53 | 425 |
2020-09-01 | $175,950 (10.4%) | $237,464 (14.0%) | 0.50 | 433 |
2020-10-01 | $174,950 (12.9%) | $229,454 (11.9%) | 0.50 | 419 |
2020-11-01 | $164,400 (9.7%) | $224,837 (11.7%) | 0.48 | 440 |
2020-12-01 | $149,900 (4.3%) | $209,226 (6.9%) | 0.45 | 414 |
2021-01-01 | $152,450 (10.0%) | $206,719 (7.4%) | 0.46 | 339 |
2021-02-01 | $158,675 (9.4%) | $219,279 (10.8%) | 0.46 | 240 |
2021-03-01 | $171,250 (0.1%) | $224,701 (2.7%) | 0.49 | 203 |
2021-04-01 | $184,975 (3.2%) | $222,584 (-0.6%) | 0.50 | 205 |
2021-05-01 | $182,000 (0.6%) | $224,368 (-6.7%) | 0.48 | 217 |
2021-06-01 | $204,350 (9.8%) | $249,759 (1.0%) | 0.54 | 247 |
2021-07-01 | $189,450 (1.3%) | $242,411 (-1.1%) | 0.50 | 329 |
2021-08-01 | $174,900 (-5.5%) | $232,027 (-6.7%) | 0.47 | 389 |
2021-09-01 | $176,300 (0.2%) | $230,049 (-3.1%) | 0.47 | 400 |
2021-10-01 | $180,000 (2.9%) | $234,278 (2.1%) | 0.48 | 383 |
2021-11-01 | $185,450 (12.8%) | $239,173 (6.4%) | 0.50 | 348 |
2021-12-01 | $172,450 (15.0%) | $239,850 (14.6%) | 0.47 | 322 |
2022-01-01 | $191,450 (25.6%) | $243,935 (18.0%) | 0.52 | 262 |
2022-02-01 | $203,725 (28.4%) | $259,252 (18.2%) | 0.53 | 192 |
2022-03-01 | $196,425 (14.7%) | $249,026 (10.8%) | 0.49 | 189 |
2022-04-01 | $200,000 (8.1%) | $254,730 (14.4%) | 0.48 | 225 |
2022-05-01 | $227,450 (25.0%) | $281,852 (25.6%) | 0.52 | 264 |
2022-06-01 | $242,500 (18.7%) | $287,319 (15.0%) | 0.54 | 317 |
2022-07-01 | $224,000 (18.2%) | $271,078 (11.8%) | 0.50 | 414 |
2022-08-01 | $218,150 (24.7%) | $276,537 (19.2%) | 0.50 | 423 |
2022-09-01 | $218,250 (23.8%) | $278,858 (21.2%) | 0.51 | 434 |
2022-10-01 | $225,000 (25.0%) | $285,737 (22.0%) | 0.53 | 452 |
2022-11-01 | $233,650 (26.0%) | $283,117 (18.4%) | 0.56 | 483 |
2022-12-01 | $245,000 (42.1%) | $287,709 (20.0%) | 0.60 | 457 |
2023-01-01 | $259,638 (35.6%) | $309,340 (26.8%) | 0.64 | 391 |
2023-02-01 | $270,900 (33.0%) | $335,882 (29.6%) | 0.65 | 336 |
2023-03-01 | $271,900 (38.4%) | $352,533 (41.6%) | 0.64 | 293 |
2023-04-01 | $289,000 (44.5%) | $345,146 (35.5%) | 0.67 | 308 |
2023-05-01 | $274,950 (20.9%) | $346,532 (23.0%) | 0.62 | 330 |
2023-06-01 | $291,450 (20.2%) | $359,981 (25.3%) | 0.65 | 345 |
2023-07-01 | $288,250 (28.7%) | $365,393 (34.8%) | 0.66 | 328 |
2023-08-01 | $278,450 (27.6%) | $335,640 (21.4%) | 0.64 | 377 |
2023-09-01 | $249,900 (14.5%) | $305,961 (9.7%) | 0.58 | 424 |
2023-10-01 | $242,152 (7.6%) | $294,155 (3.0%) | 0.57 | 513 |
2023-11-01 | $238,125 (1.9%) | $287,763 (1.6%) | 0.57 | 578 |
2023-12-01 | $236,500 (-3.5%) | $278,611 (-3.2%) | 0.58 | 531 |
2024-01-01 | $234,900 (-9.5%) | $276,354 (-10.7%) | 0.57 | 507 |
2024-02-01 | $239,450 (-11.6%) | $280,079 (-16.6%) | 0.58 | 456 |
2024-03-01 | $241,888 (-11.0%) | $288,137 (-18.3%) | 0.57 | 416 |
2024-04-01 | $231,750 (-19.8%) | $286,218 (-17.1%) | 0.54 | 441 |
2024-05-01 | $253,750 (-7.7%) | $306,978 (-11.4%) | 0.57 | 461 |
2024-06-01 | $249,900 (-14.3%) | $312,483 (-13.2%) | 0.56 | 523 |
2024-07-01 | $249,000 (-13.6%) | $304,695 (-16.6%) | 0.57 | 528 |
2024-08-01 | $239,900 (-13.8%) | $295,164 (-12.1%) | 0.56 | 574 |
2024-09-01 | $239,975 (-4.0%) | $285,025 (-6.8%) | 0.56 | 633 |
2024-10-01 | $246,200 (1.7%) | $292,815 (-0.5%) | 0.58 | 684 |
2024-11-01 | $249,900 (4.9%) | $298,643 (3.8%) | 0.00 | 717 |
Evansville's median listing price comes in at 0% of the national average.
Evansville's average listing price for 2024-11-01 was $298,643, a difference of $10,880 (3.8%) versus the prior year and $5,828 versus the prior month.
For the 2024-11-01 period, Evansville had 717 MLS listings, a difference of 33 listings (5%) versus the prior month and 139 listings (24%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Evansville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 82 days | 1,887 sqft |
2018-02-01 | 82 days | 1,855 sqft |
2018-03-01 | 71 days | 1,992 sqft |
2018-04-01 | 55 days | 1,999 sqft |
2018-05-01 | 46 days | 1,986 sqft |
2018-06-01 | 44 days | 1,963 sqft |
2018-07-01 | 46 days | 1,920 sqft |
2018-08-01 | 51 days | 1,905 sqft |
2018-09-01 | 57 days | 1,902 sqft |
2018-10-01 | 61 days | 1,915 sqft |
2018-11-01 | 61 days | 1,851 sqft |
2018-12-01 | 68 days | 1,850 sqft |
2019-01-01 | 75 days | 1,826 sqft |
2019-02-01 | 73 days | 1,821 sqft |
2019-03-01 | 69 days | 1,881 sqft |
2019-04-01 | 61 days | 1,963 sqft |
2019-05-01 | 47 days | 1,939 sqft |
2019-06-01 | 52 days | 1,963 sqft |
2019-07-01 | 52 days | 1,956 sqft |
2019-08-01 | 52 days | 1,897 sqft |
2019-09-01 | 53 days | 1,845 sqft |
2019-10-01 | 54 days | 1,815 sqft |
2019-11-01 | 64 days | 1,807 sqft |
2019-12-01 | 79 days | 1,728 sqft |
2020-01-01 | 86 days | 1,690 sqft |
2020-02-01 | 86 days | 1,733 sqft |
2020-03-01 | 59 days | 1,875 sqft |
2020-04-01 | 58 days | 1,924 sqft |
2020-05-01 | 58 days | 1,944 sqft |
2020-06-01 | 49 days | 1,978 sqft |
2020-07-01 | 44 days | 1,925 sqft |
2020-08-01 | 45 days | 1,929 sqft |
2020-09-01 | 37 days | 1,906 sqft |
2020-10-01 | 38 days | 1,792 sqft |
2020-11-01 | 43 days | 1,785 sqft |
2020-12-01 | 49 days | 1,640 sqft |
2021-01-01 | 56 days | 1,658 sqft |
2021-02-01 | 60 days | 1,628 sqft |
2021-03-01 | 33 days | 1,683 sqft |
2021-04-01 | 25 days | 1,806 sqft |
2021-05-01 | 23 days | 1,787 sqft |
2021-06-01 | 22 days | 1,855 sqft |
2021-07-01 | 24 days | 1,870 sqft |
2021-08-01 | 26 days | 1,796 sqft |
2021-09-01 | 39 days | 1,785 sqft |
2021-10-01 | 37 days | 1,792 sqft |
2021-11-01 | 37 days | 1,773 sqft |
2021-12-01 | 44 days | 1,758 sqft |
2022-01-01 | 54 days | 1,761 sqft |
2022-02-01 | 53 days | 1,768 sqft |
2022-03-01 | 30 days | 1,653 sqft |
2022-04-01 | 19 days | 1,750 sqft |
2022-05-01 | 20 days | 1,836 sqft |
2022-06-01 | 22 days | 1,926 sqft |
2022-07-01 | 26 days | 1,812 sqft |
2022-08-01 | 35 days | 1,859 sqft |
2022-09-01 | 41 days | 1,890 sqft |
2022-10-01 | 44 days | 1,892 sqft |
2022-11-01 | 45 days | 1,884 sqft |
2022-12-01 | 54 days | 1,878 sqft |
2023-01-01 | 63 days | 1,960 sqft |
2023-02-01 | 61 days | 2,012 sqft |
2023-03-01 | 50 days | 2,018 sqft |
2023-04-01 | 37 days | 2,004 sqft |
2023-05-01 | 31 days | 1,995 sqft |
2023-06-01 | 37 days | 2,024 sqft |
2023-07-01 | 35 days | 2,032 sqft |
2023-08-01 | 31 days | 1,973 sqft |
2023-09-01 | 37 days | 1,920 sqft |
2023-10-01 | 36 days | 1,844 sqft |
2023-11-01 | 40 days | 1,747 sqft |
2023-12-01 | 51 days | 1,734 sqft |
2024-01-01 | 61 days | 1,724 sqft |
2024-02-01 | 57 days | 1,741 sqft |
2024-03-01 | 52 days | 1,794 sqft |
2024-04-01 | 41 days | 1,765 sqft |
2024-05-01 | 39 days | 1,881 sqft |
2024-06-01 | 40 days | 1,856 sqft |
2024-07-01 | 43 days | 1,824 sqft |
2024-08-01 | 42 days | 1,802 sqft |
2024-09-01 | 40 days | 1,788 sqft |
2024-10-01 | 44 days | 1,798 sqft |
2024-11-01 | 0 days | 1,824 sqft |
Evansville's median square footage for active listings during the 2024-11-01 period was 1,824 sqft. One year prior, the average listing was 1,747 sqft.