Fort Wayne VA Loan Rates, Closing Costs & Stats

FORT WAYNE, IN

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.59% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.92% and one month ago for the week of 2025-01-10, the average rate was 6.66%.

    The average rate one year ago was 6.48%.

    For refis of the same type during the week of 2025-02-14, the average rate was 7.09%.

    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 $169,925 (21.5%) $239,831 (6.7%) 0.65 929
    2018-02-01 $179,700 (20.2%) $249,833 (6.0%) 0.66 881
    2018-03-01 $188,945 (7.0%) $267,664 (4.9%) 0.67 787
    2018-04-01 $195,860 (8.9%) $280,885 (7.5%) 0.68 757
    2018-05-01 $191,610 (3.5%) $275,924 (6.0%) 0.65 840
    2018-06-01 $197,780 (9.5%) $277,999 (11.0%) 0.66 868
    2018-07-01 $198,850 (10.5%) $277,885 (10.5%) 0.66 974
    2018-08-01 $191,410 (8.7%) $264,755 (3.0%) 0.65 1,040
    2018-09-01 $189,900 (8.5%) $259,757 (-0.2%) 0.65 1,104
    2018-10-01 $186,200 (8.3%) $257,791 (-1.3%) 0.64 1,104
    2018-11-01 $181,201 (6.9%) $254,146 (-0.9%) 0.63 1,085
    2018-12-01 $179,900 (9.1%) $255,345 (9.2%) 0.64 937
    2019-01-01 $182,425 (7.4%) $258,037 (7.6%) 0.65 840
    2019-02-01 $199,900 (11.2%) $275,111 (10.1%) 0.70 731
    2019-03-01 $217,814 (15.3%) $277,496 (3.7%) 0.72 645
    2019-04-01 $232,764 (18.8%) $276,440 (-1.6%) 0.74 554
    2019-05-01 $232,400 (21.3%) $282,528 (2.4%) 0.74 574
    2019-06-01 $229,900 (16.2%) $281,271 (1.2%) 0.73 663
    2019-07-01 $227,450 (14.4%) $280,234 (0.9%) 0.72 734
    2019-08-01 $218,155 (14.0%) $277,987 (5.0%) 0.70 791
    2019-09-01 $207,886 (9.5%) $269,243 (3.7%) 0.67 882
    2019-10-01 $199,550 (7.2%) $261,113 (1.3%) 0.65 951
    2019-11-01 $194,900 (7.6%) $254,947 (0.3%) 0.65 926
    2019-12-01 $199,604 (11.0%) $256,682 (0.5%) 0.69 825
    2020-01-01 $199,900 (9.6%) $256,126 (-0.7%) 0.70 700
    2020-02-01 $227,950 (14.0%) $286,124 (4.0%) 0.78 575
    2020-03-01 $246,400 (13.1%) $294,602 (6.2%) 0.79 562
    2020-04-01 $237,400 (2.0%) $286,777 (3.7%) 0.76 575
    2020-05-01 $235,000 (1.1%) $283,506 (0.4%) 0.73 573
    2020-06-01 $238,207 (3.6%) $286,970 (2.0%) 0.71 490
    2020-07-01 $234,900 (3.3%) $298,599 (6.6%) 0.69 494
    2020-08-01 $234,900 (7.7%) $298,620 (7.4%) 0.68 486
    2020-09-01 $220,650 (6.1%) $277,972 (3.2%) 0.64 500
    2020-10-01 $216,750 (8.6%) $281,665 (7.9%) 0.63 453
    2020-11-01 $220,000 (12.9%) $283,393 (11.2%) 0.65 425
    2020-12-01 $219,450 (9.9%) $281,197 (9.6%) 0.65 355
    2021-01-01 $216,450 (8.3%) $279,691 (9.2%) 0.66 303
    2021-02-01 $230,900 (1.3%) $291,929 (2.0%) 0.67 264
    2021-03-01 $232,769 (-5.5%) $279,760 (-5.0%) 0.67 244
    2021-04-01 $246,395 (3.8%) $298,949 (4.2%) 0.67 210
    2021-05-01 $249,450 (6.2%) $305,809 (7.9%) 0.66 218
    2021-06-01 $230,450 (-3.3%) $301,382 (5.0%) 0.61 263
    2021-07-01 $245,000 (4.3%) $330,569 (10.7%) 0.66 312
    2021-08-01 $239,675 (2.0%) $306,321 (2.6%) 0.67 387
    2021-09-01 $229,791 (4.1%) $294,959 (6.1%) 0.62 396
    2021-10-01 $222,450 (2.6%) $284,734 (1.1%) 0.60 388
    2021-11-01 $229,916 (4.5%) $291,324 (2.8%) 0.62 385
    2021-12-01 $231,441 (5.5%) $289,296 (2.9%) 0.63 356
    2022-01-01 $249,900 (15.5%) $303,809 (8.6%) 0.68 265
    2022-02-01 $289,573 (25.4%) $327,391 (12.2%) 0.75 244
    2022-03-01 $260,623 (12.0%) $306,946 (9.7%) 0.65 237
    2022-04-01 $273,450 (11.0%) $313,422 (4.8%) 0.66 255
    2022-05-01 $278,225 (11.5%) $313,281 (2.4%) 0.64 334
    2022-06-01 $284,950 (23.7%) $317,595 (5.4%) 0.64 427
    2022-07-01 $289,000 (18.0%) $328,940 (-0.5%) 0.65 489
    2022-08-01 $295,625 (23.3%) $330,735 (8.0%) 0.69 489
    2022-09-01 $299,900 (30.5%) $334,910 (13.5%) 0.70 517
    2022-10-01 $299,900 (34.8%) $336,867 (18.3%) 0.70 600
    2022-11-01 $287,900 (25.2%) $331,893 (13.9%) 0.70 612
    2022-12-01 $284,900 (23.1%) $325,741 (12.6%) 0.72 552
    2023-01-01 $309,949 (24.0%) $347,742 (14.5%) 0.77 454
    2023-02-01 $319,400 (10.3%) $366,645 (12.0%) 0.77 397
    2023-03-01 $344,450 (32.2%) $401,734 (30.9%) 0.80 366
    2023-04-01 $339,900 (24.3%) $391,479 (24.9%) 0.80 430
    2023-05-01 $348,150 (25.1%) $402,499 (28.5%) 0.79 450
    2023-06-01 $349,675 (22.7%) $406,878 (28.1%) 0.79 515
    2023-07-01 $349,900 (21.1%) $405,552 (23.3%) 0.80 552
    2023-08-01 $326,700 (10.5%) $385,415 (16.5%) 0.76 613
    2023-09-01 $309,900 (3.3%) $377,386 (12.7%) 0.73 646
    2023-10-01 $299,900 (0.0%) $365,079 (8.4%) 0.71 735
    2023-11-01 $304,925 (5.9%) $360,475 (8.6%) 0.73 741
    2023-12-01 $299,900 (5.3%) $355,002 (9.0%) 0.73 702
    2024-01-01 $308,650 (-0.4%) $363,522 (4.5%) 0.76 595
    2024-02-01 $314,175 (-1.6%) $369,620 (0.8%) 0.76 514
    2024-03-01 $321,788 (-6.6%) $385,213 (-4.1%) 0.76 505
    2024-04-01 $321,400 (-5.4%) $390,870 (-0.2%) 0.75 511
    2024-05-01 $332,450 (-4.5%) $402,838 (0.1%) 0.77 581
    2024-06-01 $320,250 (-8.4%) $383,651 (-5.7%) 0.75 662
    2024-07-01 $309,950 (-11.4%) $371,022 (-8.5%) 0.72 755
    2024-08-01 $310,000 (-5.1%) $365,915 (-5.1%) 0.73 781
    2024-09-01 $301,225 (-2.8%) $363,390 (-3.7%) 0.72 800
    2024-10-01 $299,450 (-0.2%) $352,090 (-3.6%) 0.71 870
    2024-11-01 $289,900 (-4.9%) $347,252 (-3.7%) 0.71 900
    2024-12-01 $284,975 (-5.0%) $343,860 (-3.1%) 0.72 831
    2025-01-01 $289,950 (-6.1%) $343,169 (-5.6%) 0.00 764
    Fort Wayne's median listing price for 2025-01-01 was $289,950, a difference of $-18,700 (-6.1%) versus the prior year and $4,975 versus the prior month.

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

    Fort Wayne's average listing price for 2025-01-01 was $343,169, a difference of $-20,353 (-5.6%) versus the prior year and $-691 versus the prior month.

    For the 2025-01-01 period, Fort Wayne had 764 MLS listings, a difference of -67 listings (-8%) versus the prior month and 169 listings (28%) 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 1,854 sqft
    2018-02-01 54 days 1,882 sqft
    2018-03-01 46 days 1,956 sqft
    2018-04-01 41 days 1,997 sqft
    2018-05-01 30 days 1,969 sqft
    2018-06-01 30 days 2,060 sqft
    2018-07-01 30 days 2,058 sqft
    2018-08-01 34 days 1,963 sqft
    2018-09-01 38 days 1,956 sqft
    2018-10-01 39 days 1,960 sqft
    2018-11-01 44 days 1,951 sqft
    2018-12-01 57 days 1,931 sqft
    2019-01-01 62 days 1,914 sqft
    2019-02-01 57 days 1,902 sqft
    2019-03-01 49 days 1,904 sqft
    2019-04-01 45 days 1,914 sqft
    2019-05-01 30 days 2,019 sqft
    2019-06-01 30 days 2,024 sqft
    2019-07-01 30 days 1,980 sqft
    2019-08-01 33 days 1,959 sqft
    2019-09-01 37 days 1,931 sqft
    2019-10-01 40 days 1,912 sqft
    2019-11-01 40 days 1,903 sqft
    2019-12-01 49 days 1,905 sqft
    2020-01-01 58 days 1,906 sqft
    2020-02-01 58 days 1,979 sqft
    2020-03-01 34 days 1,991 sqft
    2020-04-01 40 days 1,936 sqft
    2020-05-01 40 days 1,963 sqft
    2020-06-01 38 days 1,960 sqft
    2020-07-01 36 days 1,960 sqft
    2020-08-01 31 days 1,968 sqft
    2020-09-01 30 days 1,902 sqft
    2020-10-01 33 days 1,910 sqft
    2020-11-01 33 days 1,918 sqft
    2020-12-01 39 days 1,863 sqft
    2021-01-01 39 days 1,818 sqft
    2021-02-01 37 days 1,779 sqft
    2021-03-01 28 days 1,788 sqft
    2021-04-01 24 days 1,845 sqft
    2021-05-01 14 days 1,900 sqft
    2021-06-01 9 days 1,871 sqft
    2021-07-01 16 days 1,924 sqft
    2021-08-01 21 days 1,867 sqft
    2021-09-01 24 days 1,830 sqft
    2021-10-01 26 days 1,843 sqft
    2021-11-01 26 days 1,799 sqft
    2021-12-01 34 days 1,739 sqft
    2022-01-01 40 days 1,797 sqft
    2022-02-01 22 days 1,814 sqft
    2022-03-01 25 days 1,775 sqft
    2022-04-01 17 days 1,802 sqft
    2022-05-01 15 days 1,865 sqft
    2022-06-01 19 days 1,935 sqft
    2022-07-01 24 days 1,983 sqft
    2022-08-01 25 days 1,923 sqft
    2022-09-01 24 days 1,960 sqft
    2022-10-01 29 days 1,911 sqft
    2022-11-01 37 days 1,853 sqft
    2022-12-01 56 days 1,832 sqft
    2023-01-01 68 days 1,832 sqft
    2023-02-01 58 days 1,864 sqft
    2023-03-01 41 days 1,942 sqft
    2023-04-01 29 days 1,897 sqft
    2023-05-01 30 days 1,920 sqft
    2023-06-01 31 days 2,003 sqft
    2023-07-01 32 days 2,034 sqft
    2023-08-01 33 days 1,990 sqft
    2023-09-01 37 days 1,954 sqft
    2023-10-01 37 days 1,944 sqft
    2023-11-01 40 days 1,926 sqft
    2023-12-01 50 days 1,885 sqft
    2024-01-01 57 days 1,907 sqft
    2024-02-01 47 days 1,899 sqft
    2024-03-01 38 days 1,938 sqft
    2024-04-01 39 days 1,920 sqft
    2024-05-01 28 days 1,934 sqft
    2024-06-01 33 days 1,890 sqft
    2024-07-01 37 days 1,841 sqft
    2024-08-01 38 days 1,880 sqft
    2024-09-01 39 days 1,884 sqft
    2024-10-01 37 days 1,842 sqft
    2024-11-01 46 days 1,829 sqft
    2024-12-01 51 days 1,806 sqft
    2025-01-01 0 days 1,819 sqft
    Fort Wayne's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Fort Wayne's median square footage for active listings during the 2025-01-01 period was 1,819 sqft. One year prior, the average listing was 1,907 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.