Fort Wayne VA Loan Rates, Closing Costs & Stats

FORT WAYNE, 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.

    Fort Wayne's 82 lenders originated 639 VA loans during 2024. The total origination value was $182,345,000, with an average VA loan value of $285,360.

    Fort Wayne VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fort Wayne averaged 0.45% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Fort Wayne's average VA mortgage closing costs are $5,177.

    The average rate for the prior week (2025-06-27) was 6.58% and one month ago for the week of 2025-05-30, the average rate was 6.91%.

    The average rate one year ago was 7.02%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.42%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 117 6.48% $5,499
    RUOFF MORTGAGE COMPANY, INC. 48 6.60% $4,006
    Nations Lending Corporation 33 6.92% $10,326
    FREEDOM MORTGAGE CORPORATION 32 6.25% $9,062
    UNITED WHOLESALE MORTGAGE, LLC 29 5.84% $7,114
    QUICKEN LOANS, LLC 24 6.03% $8,683
    STOCKTON MORTGAGE CORPORATION 23 6.56% $7,808
    HALLMARK HOME MORTGAGE, LLC 22 6.42% $6,596
    GVC MORTGAGE, INC. 21 6.46% $9,407
    DHI MORTGAGE COMPANY, LTD. 20 5.09% $5,991
    NAVY FEDERAL CREDIT UNION 17 6.01% $6,574
    PENNYMAC LOAN SERVICES, LLC 15 5.72% $6,586
    NEW DAY FINANCIAL, LLC 15 7.75% $10,695
    NEWREZ LLC 13 6.13% $6,981
    USAA Federal Savings Bank 12 6.41% $6,426
    Fifth Third Bank 10 6.36% $2,880
    LOANDEPOT.COM, LLC 9 6.44% $8,795
    CROSSCOUNTRY MORTGAGE, LLC 9 5.60% $8,165
    HOMESIDE FINANCIAL, LLC 7 6.23% $8,260
    CLEARPATH LENDING 7 5.93% $9,279
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.13% $2,134
    PLANET HOME LENDING, LLC 6 6.04% $3,311
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 5 6.87% $4,944
    Carrington Mortgage Services, LLC 5 6.15% $10,997
    Union Savings Bank 5 6.33% $1,597
    Credence Funding Corporation 5 5.35% $6,436
    The Federal Savings Bank 4 6.59% $10,184
    Barrington Bank & Trust Company, N.A. 4 5.75% $4,542
    GENEVA FINANCIAL, LLC 4 6.91% $8,636
    VILLAGE CAPITAL MORTGAGE 4 5.94% $5,989
    POLARIS HOME FUNDING CORP. 4 6.38% $6,326
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.69% $20,737
    Equity Prime Mortgage LLC 3 7.67% $1,644
    ENVOY MORTGAGE, LTD 3 6.79% $6,844
    UNION HOME MORTGAGE CORP. 3 6.67% $5,249
    MOVEMENT MORTGAGE, LLC 3 6.79% $7,178
    JPMorgan Chase Bank 3 5.92% $2,461
    V.I.P. MORTGAGE, INC. 3 6.88% $7,517
    LOANPAL, LLC 2 5.81% $10,587
    Flagstar Bank, FSB 2 5.88% $6,212
    PNC Bank 2 6.69% $1,641
    PENTAGON FEDERAL CREDIT UNION 2 5.88% $2,851
    VAN DYK MORTGAGE CORPORATION 2 6.56% $2,980
    Mr. Cooper ( Nationstar Mortgage ) 2 6.38% $6,784
    Mid-Continent Funding, Inc. 2 6.19% $3,694
    American Mortgage & Equity Consultants, Inc. 2 6.25% $12,573
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.25% $8,673
    AMERISAVE MORTGAGE CORPORATION 2 5.44% $22,552
    LAKEVIEW LOAN SERVICING, LLC 2 5.94% $4,640
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.25% $5,380
    TEACHERS CREDIT UNION 1 6.88% $2,922
    AMERICAN FINANCING CORPORATION 1 5.75% $6,990
    AmeriHome Mortgage Company, LLC 1 6.13% $4,768
    AmRes Corporation 1 6.63% $17,304
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.25% $24,728
    Blue Ridge Bank 1 6.63% $9,806
    BROKER SOLUTIONS, INC. 1 7.25% $18,971
    CARDINAL FINANCIAL 1 6.75% $7,369
    CHURCHILL MORTGAGE CORPORATION 1 7.63% $3,117
    EMM LOANS LLC 1 6.50% $10,437
    FIRST COMMUNITY MORTGAGE, INC. 1 5.75% $2,567
    First Federal Bank 1 6.13% $5,582
    GUARANTEED RATE, INC. 1 6.15% $9,721
    GUILD MORTGAGE COMPANY 1 7.13% $15,640
    KeyBank 1 6.00% $2,004
    LAKE MICHIGAN CREDIT UNION 1 6.25% $7,849
    MICHIGAN MUTUAL, INC. 1 7.13% $4,973
    MILESTONE HOME LENDING, LLC 1 5.75% $3,345
    MJW Financial LLC 1 6.49% $4,580
    NFM, INC. 1 6.13% $9,368
    Old National Bank 1 6.00% $4,694
    Paramount Residential Mortgage Group, Inc. 1 5.75% $8,235
    PREMIA MORTGAGE, LLC 1 6.05% $3,104
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $7,442
    Prosperity Home Mortgage, LLC 1 6.50% $9,662
    RELIANCE FIRST CAPITAL, LLC 1 6.25% $12,381
    Residential Mortgage Solutions, Inc. 1 5.13% $3,373
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.00% $15,492
    SUN WEST MORTGAGE COMPANY, INC. 1 5.87% $2,653
    AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $6,440
    Texana Bank 1 6.13% $1,879
    VERITAS FUNDING, LLC 1 6.63% $11,538

    The top Fort Wayne VA lender as defined by loan originations is Mortgage Research Center, LLC, with 117 VA loans originated. Their average total fees are $5,499, which is $1,494 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Fort Wayne VA lenders (with over 10 loans originated) are Fifth Third Bank ($2,880), RUOFF MORTGAGE COMPANY, INC. ($4,006), Mortgage Research Center, LLC ($5,499), DHI MORTGAGE COMPANY, LTD. ($5,991) and USAA Federal Savings Bank ($6,426).

    The lowest rate Fort Wayne VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.09%), PENNYMAC LOAN SERVICES, LLC (5.72%), UNITED WHOLESALE MORTGAGE, LLC (5.84%), NAVY FEDERAL CREDIT UNION (6.01%) and QUICKEN LOANS, LLC (6.03%).

    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.