Fort Wayne VA Loan Rates, Closing Costs & Stats

FORT WAYNE, 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.

Fort Wayne's 73 lenders originated 399 VA loans during 2023. The total origination value was $105,515,000, with an average VA loan value of $264,449.

Fort Wayne VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Fort Wayne averaged 6.34% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

Fort Wayne's average VA mortgage closing costs are $4,927.

The average rate for the prior week (2024-12-06) was 6.47% and one month ago for the week of 2024-11-08, the average rate was 6.87%.

The average rate one year ago was 7.02%.

For refis of the same type during the week of 2024-12-13, the average rate was 6.73%.

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

Fort Wayne 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 Fort Wayne level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 77 6.82% $5,572
RUOFF MORTGAGE COMPANY, INC. 36 6.85% $4,478
QUICKEN LOANS, LLC 21 6.41% $10,542
DHI MORTGAGE COMPANY, LTD. 19 5.34% $5,388
HALLMARK HOME MORTGAGE, LLC 14 6.72% $5,619
NAVY FEDERAL CREDIT UNION 12 5.75% $4,491
Nations Lending Corporation 12 7.02% $8,598
GVC MORTGAGE, INC. 12 6.88% $5,618
FREEDOM MORTGAGE CORPORATION 12 6.61% $11,191
STOCKTON MORTGAGE CORPORATION 10 6.50% $6,290
NEWREZ LLC 8 6.33% $8,085
USAA Federal Savings Bank 8 6.52% $6,192
NEW DAY FINANCIAL, LLC 7 7.46% $18,530
Barrington Bank & Trust Company, N.A. 7 6.52% $6,321
Union Savings Bank 7 6.57% $1,779
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 6 6.75% $8,174
LOANDEPOT.COM, LLC 6 6.43% $11,643
UNITED WHOLESALE MORTGAGE, LLC 6 6.23% $12,220
Fifth Third Bank 6 6.13% $5,738
TEACHERS CREDIT UNION 4 6.63% $4,047
PENNYMAC LOAN SERVICES, LLC 4 5.81% $10,636
The Federal Savings Bank 4 6.84% $11,043
VAN DYK MORTGAGE CORPORATION 4 7.34% $4,996
JPMorgan Chase Bank 4 6.81% $3,680
MOVEMENT MORTGAGE, LLC 3 7.00% $8,095
Northpointe Bank 3 6.21% $12,556
CROSSCOUNTRY MORTGAGE, LLC 3 6.23% $6,865
VILLAGE CAPITAL MORTGAGE 3 7.17% $16,643
AMERISAVE MORTGAGE CORPORATION 3 6.88% $11,180
V.I.P. MORTGAGE, INC. 3 7.21% $8,864
ACADEMY MORTGAGE CORPORATION 2 6.50% $3,361
CARDINAL FINANCIAL 2 6.00% $5,315
Citizens Bank 2 6.13% $11,905
FIRST COMMUNITY MORTGAGE, INC. 2 7.56% $7,725
First Federal Bank 2 5.63% $6,268
LOANPAL, LLC 2 5.81% $8,766
MICHIGAN MUTUAL, INC. 2 6.88% $8,017
Mr. Cooper ( Nationstar Mortgage ) 2 5.88% $13,153
NBKC BANK 2 5.81% $10,615
Old National Bank 2 5.81% $2,023
PENTAGON FEDERAL CREDIT UNION 2 6.13% $3,317
POLARIS HOME FUNDING CORP. 2 7.13% $6,798
THRIVE MORTGAGE, LLC 2 7.13% $3,146
UNION HOME MORTGAGE CORP. 2 7.25% $4,136
Wells Fargo Bank 2 5.44% $6,652
NFM, INC. 1 7.63% $14,284
North American Savings Bank, F.S.B. 1 7.13% $5,901
GUARANTEED RATE, INC. 1 5.70% $7,588
Armed Forces Bank 1 5.75% $9,712
GSF Mortgage Corporation 1 4.88% $6,311
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $3,292
PLANET HOME LENDING, LLC 1 5.25% $8,270
VERITAS FUNDING, LLC 1 6.75% $17,802
PREMIA MORTGAGE, LLC 1 5.25% $8,775
GENEVA FINANCIAL, LLC 1 7.50% $2,580
ROSS MORTGAGE CORPORATION 1 5.38% $14,282
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $12,227
Servion, Inc. 1 6.13% $2,200
SIRVA MORTGAGE, INC. 1 6.13% $16,829
Elements Financial Federal Credit Union 1 6.25% $4,939
SUN WEST MORTGAGE COMPANY, INC. 1 5.96% $2,397
Citibank 1 6.00% $7,516
BROKER SOLUTIONS, INC. 1 5.75% $5,683
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $8,706
AMERICAN FINANCING CORPORATION 1 6.25% $7,504
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $658
Blue Ridge Bank 1 6.99% $17,929
Mid-Continent Funding, Inc. 1 6.25% $1,892
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $8,622
LAKEVIEW LOAN SERVICING, LLC 1 6.13% $14,264
Bank of England 1 5.75% $12,378
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $1,458
GUILD MORTGAGE COMPANY 1 7.13% $14,846

The top Fort Wayne VA lender as defined by loan originations is Mortgage Research Center, LLC, with 77 VA loans originated. Their average total fees are $5,572, which is $1,094 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

The lowest fee Fort Wayne VA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($4,478), NAVY FEDERAL CREDIT UNION ($4,491), DHI MORTGAGE COMPANY, LTD. ($5,388), Mortgage Research Center, LLC ($5,572) and GVC MORTGAGE, INC. ($5,618).

The lowest rate Fort Wayne VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.34%), NAVY FEDERAL CREDIT UNION (5.75%), QUICKEN LOANS, LLC (6.41%), STOCKTON MORTGAGE CORPORATION (6.50%) and FREEDOM MORTGAGE CORPORATION (6.61%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fort Wayne (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 $174,950 (18.8%) $245,909 (6.6%) 0.65 854
2018-02-01 $182,700 (15.0%) $255,962 (5.5%) 0.66 815
2018-03-01 $190,272 (2.9%) $276,830 (4.9%) 0.67 715
2018-04-01 $199,200 (3.1%) $290,711 (6.7%) 0.68 687
2018-05-01 $193,450 (0.7%) $284,603 (4.6%) 0.65 756
2018-06-01 $198,250 (5.8%) $284,848 (10.3%) 0.66 787
2018-07-01 $198,950 (8.8%) $283,526 (9.4%) 0.66 895
2018-08-01 $193,808 (7.7%) $270,824 (2.1%) 0.65 963
2018-09-01 $193,085 (7.3%) $267,212 (-0.2%) 0.65 1,016
2018-10-01 $189,900 (7.8%) $264,584 (-1.2%) 0.64 1,019
2018-11-01 $185,435 (7.9%) $260,133 (-1.4%) 0.63 1,008
2018-12-01 $185,000 (8.9%) $261,931 (9.1%) 0.64 878
2019-01-01 $187,400 (7.1%) $263,063 (7.0%) 0.65 792
2019-02-01 $208,450 (14.1%) $282,788 (10.5%) 0.70 687
2019-03-01 $220,850 (16.1%) $283,291 (2.3%) 0.72 608
2019-04-01 $233,700 (17.3%) $280,713 (-3.4%) 0.74 521
2019-05-01 $235,549 (21.8%) $287,069 (0.9%) 0.74 538
2019-06-01 $234,900 (18.5%) $285,050 (0.1%) 0.73 623
2019-07-01 $229,900 (15.6%) $284,863 (0.5%) 0.72 692
2019-08-01 $221,745 (14.4%) $282,106 (4.2%) 0.70 750
2019-09-01 $209,513 (8.5%) $273,777 (2.5%) 0.67 836
2019-10-01 $199,950 (5.3%) $265,634 (0.4%) 0.65 900
2019-11-01 $199,614 (7.7%) $259,215 (-0.4%) 0.65 876
2019-12-01 $205,479 (11.1%) $261,811 (-0.1%) 0.69 778
2020-01-01 $208,500 (11.3%) $262,055 (-0.4%) 0.70 658
2020-02-01 $236,900 (13.7%) $293,866 (3.9%) 0.78 540
2020-03-01 $251,400 (13.8%) $303,516 (7.1%) 0.79 525
2020-04-01 $242,038 (3.6%) $294,461 (4.9%) 0.76 542
2020-05-01 $239,900 (1.9%) $289,314 (0.8%) 0.73 542
2020-06-01 $239,900 (2.1%) $293,929 (3.1%) 0.71 463
2020-07-01 $238,932 (3.9%) $307,411 (7.9%) 0.69 459
2020-08-01 $237,800 (7.2%) $305,151 (8.2%) 0.68 455
2020-09-01 $224,925 (7.4%) $283,435 (3.5%) 0.64 470
2020-10-01 $219,900 (10.0%) $288,148 (8.5%) 0.63 431
2020-11-01 $221,418 (10.9%) $288,020 (11.1%) 0.65 402
2020-12-01 $219,725 (6.9%) $287,222 (9.7%) 0.65 335
2021-01-01 $222,570 (6.8%) $287,538 (9.7%) 0.66 283
2021-02-01 $231,375 (-2.3%) $295,359 (0.5%) 0.67 251
2021-03-01 $237,045 (-5.7%) $282,150 (-7.0%) 0.67 234
2021-04-01 $247,688 (2.3%) $304,246 (3.3%) 0.67 201
2021-05-01 $249,450 (4.0%) $307,405 (6.3%) 0.66 205
2021-06-01 $230,762 (-3.8%) $305,472 (3.9%) 0.61 250
2021-07-01 $249,950 (4.6%) $338,101 (10.0%) 0.66 293
2021-08-01 $249,900 (5.1%) $311,285 (2.0%) 0.67 364
2021-09-01 $232,500 (3.4%) $299,280 (5.6%) 0.62 372
2021-10-01 $224,900 (2.3%) $286,206 (-0.7%) 0.60 361
2021-11-01 $231,950 (4.8%) $294,703 (2.3%) 0.62 367
2021-12-01 $232,400 (5.8%) $289,482 (0.8%) 0.63 342
2022-01-01 $249,900 (12.3%) $306,411 (6.6%) 0.68 251
2022-02-01 $289,073 (24.9%) $328,633 (11.3%) 0.75 230
2022-03-01 $261,175 (10.2%) $307,663 (9.0%) 0.65 225
2022-04-01 $274,950 (11.0%) $316,202 (3.9%) 0.66 242
2022-05-01 $281,725 (12.9%) $318,391 (3.6%) 0.64 318
2022-06-01 $288,140 (24.9%) $320,921 (5.1%) 0.64 402
2022-07-01 $289,600 (15.9%) $332,197 (-1.8%) 0.65 459
2022-08-01 $299,450 (19.8%) $337,318 (8.4%) 0.69 458
2022-09-01 $299,925 (29.0%) $338,893 (13.2%) 0.70 489
2022-10-01 $299,000 (33.0%) $338,341 (18.2%) 0.70 564
2022-11-01 $289,900 (25.0%) $335,193 (13.7%) 0.70 573
2022-12-01 $289,900 (24.7%) $329,821 (13.9%) 0.72 519
2023-01-01 $309,950 (24.0%) $350,731 (14.5%) 0.77 420
2023-02-01 $319,600 (10.6%) $368,481 (12.1%) 0.77 375
2023-03-01 $339,399 (30.0%) $401,810 (30.6%) 0.80 344
2023-04-01 $343,900 (25.1%) $392,544 (24.1%) 0.80 398
2023-05-01 $347,900 (23.5%) $406,860 (27.8%) 0.79 425
2023-06-01 $349,900 (21.4%) $410,903 (28.0%) 0.79 481
2023-07-01 $349,900 (20.8%) $409,221 (23.2%) 0.80 513
2023-08-01 $329,400 (10.0%) $389,689 (15.5%) 0.76 568
2023-09-01 $312,199 (4.1%) $379,774 (12.1%) 0.73 609
2023-10-01 $302,450 (1.2%) $370,164 (9.4%) 0.71 690
2023-11-01 $307,450 (6.1%) $364,164 (8.6%) 0.73 695
2023-12-01 $299,999 (3.5%) $359,171 (8.9%) 0.73 659
2024-01-01 $312,150 (0.7%) $367,476 (4.8%) 0.76 565
2024-02-01 $317,225 (-0.7%) $374,515 (1.6%) 0.76 483
2024-03-01 $324,900 (-4.3%) $390,454 (-2.8%) 0.76 478
2024-04-01 $321,925 (-6.4%) $394,466 (0.5%) 0.75 487
2024-05-01 $339,925 (-2.3%) $417,971 (2.7%) 0.77 553
2024-06-01 $334,900 (-4.3%) $404,124 (-1.7%) 0.75 627
2024-07-01 $313,145 (-10.5%) $372,565 (-9.0%) 0.72 719
2024-08-01 $314,900 (-4.4%) $367,494 (-5.7%) 0.73 742
2024-09-01 $307,900 (-1.4%) $365,176 (-3.8%) 0.72 763
2024-10-01 $301,175 (-0.4%) $355,184 (-4.1%) 0.71 830
2024-11-01 $294,900 (-4.1%) $349,093 (-4.1%) 0.71 856
Fort Wayne's median listing price for 2024-11-01 was $294,900, a difference of $-12,550 (-4.1%) versus the prior year and $-6,275 versus the prior month.

Fort Wayne's median listing price comes in at 71% of the national average.

Fort Wayne's average listing price for 2024-11-01 was $349,093, a difference of $-15,071 (-4.1%) versus the prior year and $-6,091 versus the prior month.

For the 2024-11-01 period, Fort Wayne had 856 MLS listings, a difference of 26 listings (3%) versus the prior month and 161 listings (23%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fort Wayne (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 66 days 1,880 sqft
2018-02-01 54 days 1,900 sqft
2018-03-01 46 days 1,982 sqft
2018-04-01 41 days 2,031 sqft
2018-05-01 30 days 1,990 sqft
2018-06-01 30 days 2,079 sqft
2018-07-01 30 days 2,078 sqft
2018-08-01 34 days 1,987 sqft
2018-09-01 38 days 1,979 sqft
2018-10-01 39 days 1,983 sqft
2018-11-01 44 days 1,973 sqft
2018-12-01 57 days 1,939 sqft
2019-01-01 62 days 1,921 sqft
2019-02-01 57 days 1,925 sqft
2019-03-01 49 days 1,917 sqft
2019-04-01 45 days 1,925 sqft
2019-05-01 30 days 2,012 sqft
2019-06-01 30 days 2,034 sqft
2019-07-01 30 days 1,980 sqft
2019-08-01 33 days 1,961 sqft
2019-09-01 37 days 1,936 sqft
2019-10-01 40 days 1,918 sqft
2019-11-01 40 days 1,908 sqft
2019-12-01 49 days 1,905 sqft
2020-01-01 58 days 1,907 sqft
2020-02-01 58 days 1,979 sqft
2020-03-01 34 days 1,998 sqft
2020-04-01 40 days 1,938 sqft
2020-05-01 40 days 1,972 sqft
2020-06-01 38 days 1,968 sqft
2020-07-01 36 days 1,978 sqft
2020-08-01 31 days 1,968 sqft
2020-09-01 30 days 1,903 sqft
2020-10-01 33 days 1,914 sqft
2020-11-01 33 days 1,910 sqft
2020-12-01 39 days 1,874 sqft
2021-01-01 39 days 1,818 sqft
2021-02-01 37 days 1,780 sqft
2021-03-01 28 days 1,771 sqft
2021-04-01 24 days 1,837 sqft
2021-05-01 14 days 1,885 sqft
2021-06-01 9 days 1,845 sqft
2021-07-01 16 days 1,931 sqft
2021-08-01 21 days 1,876 sqft
2021-09-01 24 days 1,850 sqft
2021-10-01 26 days 1,843 sqft
2021-11-01 26 days 1,799 sqft
2021-12-01 34 days 1,725 sqft
2022-01-01 40 days 1,792 sqft
2022-02-01 22 days 1,794 sqft
2022-03-01 25 days 1,772 sqft
2022-04-01 17 days 1,802 sqft
2022-05-01 15 days 1,889 sqft
2022-06-01 19 days 1,939 sqft
2022-07-01 24 days 1,978 sqft
2022-08-01 25 days 1,930 sqft
2022-09-01 24 days 1,952 sqft
2022-10-01 29 days 1,906 sqft
2022-11-01 37 days 1,844 sqft
2022-12-01 56 days 1,832 sqft
2023-01-01 68 days 1,832 sqft
2023-02-01 58 days 1,861 sqft
2023-03-01 41 days 1,935 sqft
2023-04-01 29 days 1,880 sqft
2023-05-01 30 days 1,933 sqft
2023-06-01 31 days 2,007 sqft
2023-07-01 32 days 2,030 sqft
2023-08-01 33 days 1,992 sqft
2023-09-01 37 days 1,948 sqft
2023-10-01 37 days 1,952 sqft
2023-11-01 40 days 1,928 sqft
2023-12-01 50 days 1,910 sqft
2024-01-01 57 days 1,917 sqft
2024-02-01 47 days 1,906 sqft
2024-03-01 38 days 1,952 sqft
2024-04-01 39 days 1,921 sqft
2024-05-01 28 days 1,969 sqft
2024-06-01 33 days 1,917 sqft
2024-07-01 37 days 1,840 sqft
2024-08-01 38 days 1,871 sqft
2024-09-01 39 days 1,888 sqft
2024-10-01 37 days 1,849 sqft
2024-11-01 46 days 1,832 sqft
Fort Wayne's median listing age (time on market) for 2024-11-01 was 46 days. This is 15% longer than the same period one year ago.

Fort Wayne's median square footage for active listings during the 2024-11-01 period was 1,832 sqft. One year prior, the average listing was 1,928 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.