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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.