Frankfort VA Loan Rates, Closing Costs & Stats
Frankfort, 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.
Frankfort's 18 lenders originated 26 VA loans during 2023. The total origination value was $6,050,000, with an average VA loan value of $232,692.
Frankfort VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Frankfort
averaged
6.83%
for the week of 2024-12-06, compared to the national average (all VA variants) of
6.143% for the same period.
Frankfort's average VA mortgage closing costs are $4,702.
The average rate for the prior week (2024-11-29) was
6.53% and
one month ago for the week of 2024-11-01, the
average rate was 6.98%.
The average rate one year ago was 7.33%.
For refis of the same type during the week of 2024-12-06, the average rate
was 5.94%.
Frankfort 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 Frankfort level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
NAVY FEDERAL CREDIT UNION | 3 | 6.38% | $5,176 |
FREEDOM MORTGAGE CORPORATION | 2 | 6.13% | $12,879 |
QUICKEN LOANS, LLC | 2 | 7.06% | $12,016 |
RUOFF MORTGAGE COMPANY, INC. | 2 | 6.94% | $2,086 |
Mortgage Research Center, LLC | 2 | 6.50% | $8,646 |
NEWREZ LLC | 2 | 7.00% | $3,923 |
Mr. Cooper ( Nationstar Mortgage ) | 1 | 4.75% | $8,396 |
NEW DAY FINANCIAL, LLC | 1 | 7.63% | $12,075 |
PENNYMAC LOAN SERVICES, LLC | 1 | 5.25% | $3,490 |
PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 7.25% | $4,024 |
TUCKER MORTGAGE, LLC | 1 | 7.25% | $2,916 |
Barrington Bank & Trust Company, N.A. | 1 | 6.25% | $9,545 |
USAA Federal Savings Bank | 1 | 6.25% | $3,646 |
FAIR WAY LENDING LLC | 1 | 7.75% | $9,535 |
GVC MORTGAGE, INC. | 1 | 7.13% | $11,965 |
HALLMARK HOME MORTGAGE, LLC | 1 | 6.63% | $4,455 |
LAKEVIEW LOAN SERVICING, LLC | 1 | 7.25% | $10,940 |
MICHIGAN MUTUAL, INC. | 1 | 7.00% | $10,855 |
The top Frankfort VA lender as defined by loan originations is NAVY FEDERAL CREDIT UNION, with
3 VA loans originated. Their average total fees are
$5,176, which is $7,703
lower than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Frankfort VA lenders (with over 10 loans originated) are
.
The lowest rate Frankfort VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Frankfort (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 | $75,725 (13.2%) | $108,400 (13.7%) | 0.00 | 66 |
2018-02-01 | $75,725 (8.3%) | $107,483 (12.7%) | 0.00 | 58 |
2018-03-01 | $76,000 (1.2%) | $114,098 (14.7%) | 0.00 | 53 |
2018-04-01 | $100,500 (27.2%) | $145,837 (32.5%) | 0.00 | 59 |
2018-05-01 | $97,475 (20.8%) | $143,756 (31.0%) | 0.00 | 56 |
2018-06-01 | $109,900 (27.6%) | $145,107 (34.3%) | 0.00 | 59 |
2018-07-01 | $111,225 (34.2%) | $140,821 (22.2%) | 0.00 | 77 |
2018-08-01 | $121,150 (39.9%) | $145,430 (21.5%) | 0.00 | 84 |
2018-09-01 | $117,450 (38.2%) | $146,619 (18.1%) | 0.00 | 68 |
2018-10-01 | $106,975 (33.8%) | $146,521 (25.1%) | 0.00 | 73 |
2018-11-01 | $132,450 (67.5%) | $157,641 (34.9%) | 0.00 | 72 |
2018-12-01 | $134,950 (71.9%) | $152,286 (33.2%) | 0.00 | 70 |
2019-01-01 | $138,500 (82.9%) | $150,714 (39.0%) | 0.00 | 69 |
2019-02-01 | $134,900 (78.1%) | $153,561 (42.9%) | 0.00 | 63 |
2019-03-01 | $138,043 (81.6%) | $158,108 (38.6%) | 0.00 | 53 |
2019-04-01 | $139,018 (38.3%) | $156,875 (7.6%) | 0.00 | 47 |
2019-05-01 | $138,800 (42.4%) | $160,629 (11.7%) | 0.00 | 51 |
2019-06-01 | $138,772 (26.3%) | $150,715 (3.9%) | 0.00 | 52 |
2019-07-01 | $140,361 (26.2%) | $157,178 (11.6%) | 0.00 | 52 |
2019-08-01 | $135,988 (12.3%) | $165,468 (13.8%) | 0.00 | 54 |
2019-09-01 | $135,714 (15.6%) | $174,450 (19.0%) | 0.00 | 58 |
2019-10-01 | $134,650 (25.9%) | $176,521 (20.5%) | 0.00 | 63 |
2019-11-01 | $129,450 (-2.3%) | $165,471 (5.0%) | 0.00 | 54 |
2019-12-01 | $107,975 (-20.0%) | $162,319 (6.6%) | 0.00 | 51 |
2020-01-01 | $104,850 (-24.3%) | $155,750 (3.3%) | 0.00 | 51 |
2020-02-01 | $94,500 (-30.0%) | $150,596 (-1.9%) | 0.00 | 44 |
2020-03-01 | $82,575 (-40.2%) | $141,127 (-10.7%) | 0.00 | 36 |
2020-04-01 | $90,750 (-34.7%) | $146,484 (-6.6%) | 0.00 | 36 |
2020-05-01 | $115,000 (-17.2%) | $151,290 (-5.8%) | 0.00 | 36 |
2020-06-01 | $119,950 (-13.6%) | $163,642 (8.6%) | 0.00 | 38 |
2020-07-01 | $119,900 (-14.6%) | $141,338 (-10.1%) | 0.00 | 29 |
2020-08-01 | $137,000 (0.7%) | $137,629 (-16.8%) | 0.00 | 23 |
2020-09-01 | $119,900 (-11.7%) | $135,613 (-22.3%) | 0.00 | 28 |
2020-10-01 | $110,450 (-18.0%) | $124,323 (-29.6%) | 0.00 | 33 |
2020-11-01 | $118,900 (-8.2%) | $130,819 (-20.9%) | 0.00 | 29 |
2020-12-01 | $117,450 (8.8%) | $125,242 (-22.8%) | 0.00 | 30 |
2021-01-01 | $129,950 (23.9%) | $128,971 (-17.2%) | 0.00 | 27 |
2021-02-01 | $137,500 (45.5%) | $145,584 (-3.3%) | 0.00 | 21 |
2021-03-01 | $141,200 (71.0%) | $154,716 (9.6%) | 0.00 | 14 |
2021-04-01 | $134,500 (48.2%) | $159,747 (9.1%) | 0.00 | 24 |
2021-05-01 | $136,950 (19.1%) | $184,765 (22.1%) | 0.00 | 15 |
2021-06-01 | $136,950 (14.2%) | $198,667 (21.4%) | 0.00 | 17 |
2021-07-01 | $129,900 (8.3%) | $211,881 (49.9%) | 0.00 | 21 |
2021-08-01 | $171,225 (25.0%) | $213,718 (55.3%) | 0.00 | 27 |
2021-09-01 | $172,450 (43.8%) | $201,717 (48.8%) | 0.00 | 35 |
2021-10-01 | $165,000 (49.4%) | $184,151 (48.1%) | 0.00 | 38 |
2021-11-01 | $170,925 (43.8%) | $216,908 (65.8%) | 0.00 | 34 |
2021-12-01 | $148,925 (26.8%) | $203,365 (62.4%) | 0.00 | 36 |
2022-01-01 | $141,000 (8.5%) | $217,751 (68.8%) | 0.00 | 24 |
2022-02-01 | $141,875 (3.2%) | $210,247 (44.4%) | 0.00 | 23 |
2022-03-01 | $143,125 (1.4%) | $197,843 (27.9%) | 0.00 | 24 |
2022-04-01 | $159,900 (18.9%) | $209,917 (31.4%) | 0.00 | 25 |
2022-05-01 | $158,675 (15.9%) | $225,672 (22.1%) | 0.00 | 31 |
2022-06-01 | $161,225 (17.7%) | $225,680 (13.6%) | 0.00 | 37 |
2022-07-01 | $169,900 (30.8%) | $230,602 (8.8%) | 0.00 | 40 |
2022-08-01 | $175,725 (2.6%) | $219,785 (2.8%) | 0.00 | 41 |
2022-09-01 | $179,075 (3.8%) | $218,968 (8.6%) | 0.00 | 33 |
2022-10-01 | $165,000 (0.0%) | $192,812 (4.7%) | 0.00 | 35 |
2022-11-01 | $177,475 (3.8%) | $200,666 (-7.5%) | 0.00 | 34 |
2022-12-01 | $184,900 (24.2%) | $204,916 (0.8%) | 0.00 | 33 |
2023-01-01 | $174,450 (23.7%) | $195,825 (-10.1%) | 0.00 | 29 |
2023-02-01 | $167,000 (17.7%) | $195,767 (-6.9%) | 0.00 | 28 |
2023-03-01 | $204,500 (42.9%) | $224,538 (13.5%) | 0.00 | 24 |
2023-04-01 | $229,500 (43.5%) | $225,167 (7.3%) | 0.00 | 24 |
2023-05-01 | $234,975 (48.1%) | $262,508 (16.3%) | 0.00 | 24 |
2023-06-01 | $265,500 (64.7%) | $277,025 (22.8%) | 0.00 | 25 |
2023-07-01 | $259,000 (52.4%) | $287,096 (24.5%) | 0.00 | 27 |
2023-08-01 | $219,325 (24.8%) | $271,360 (23.5%) | 0.00 | 31 |
2023-09-01 | $239,700 (33.9%) | $267,793 (22.3%) | 0.00 | 31 |
2023-10-01 | $244,450 (48.2%) | $265,830 (37.9%) | 0.00 | 38 |
2023-11-01 | $230,392 (29.8%) | $253,812 (26.5%) | 0.00 | 39 |
2023-12-01 | $228,233 (23.4%) | $252,687 (23.3%) | 0.00 | 31 |
2024-01-01 | $222,500 (27.5%) | $257,857 (31.7%) | 0.00 | 26 |
2024-02-01 | $248,750 (49.0%) | $257,963 (31.8%) | 0.00 | 23 |
2024-03-01 | $265,000 (29.6%) | $275,840 (22.9%) | 0.00 | 26 |
2024-04-01 | $247,000 (7.6%) | $255,274 (13.4%) | 0.00 | 30 |
2024-05-01 | $232,500 (-1.1%) | $240,823 (-8.3%) | 0.00 | 32 |
2024-06-01 | $222,500 (-16.2%) | $239,332 (-13.6%) | 0.00 | 47 |
2024-07-01 | $212,500 (-18.0%) | $240,254 (-16.3%) | 0.00 | 45 |
2024-08-01 | $242,500 (10.6%) | $258,498 (-4.7%) | 0.00 | 43 |
2024-09-01 | $247,500 (3.3%) | $268,783 (0.4%) | 0.00 | 39 |
2024-10-01 | $237,000 (-3.1%) | $245,325 (-7.7%) | 0.00 | 36 |
2024-11-01 | $245,000 (6.3%) | $262,041 (3.2%) | 0.00 | 47 |
Frankfort's median listing price comes in at 0% of the national average.
Frankfort's average listing price for 2024-11-01 was $262,041, a difference of $8,229 (3.2%) versus the prior year and $16,716 versus the prior month.
For the 2024-11-01 period, Frankfort had 47 MLS listings, a difference of 11 listings (31%) versus the prior month and 8 listings (21%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Frankfort (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,526 sqft |
2018-02-01 | 0 days | 1,533 sqft |
2018-03-01 | 0 days | 1,543 sqft |
2018-04-01 | 0 days | 1,829 sqft |
2018-05-01 | 0 days | 1,823 sqft |
2018-06-01 | 0 days | 1,693 sqft |
2018-07-01 | 0 days | 1,530 sqft |
2018-08-01 | 0 days | 1,777 sqft |
2018-09-01 | 0 days | 1,824 sqft |
2018-10-01 | 0 days | 1,816 sqft |
2018-11-01 | 0 days | 1,908 sqft |
2018-12-01 | 0 days | 1,954 sqft |
2019-01-01 | 0 days | 1,968 sqft |
2019-02-01 | 0 days | 1,935 sqft |
2019-03-01 | 0 days | 1,912 sqft |
2019-04-01 | 0 days | 1,850 sqft |
2019-05-01 | 0 days | 2,010 sqft |
2019-06-01 | 0 days | 1,792 sqft |
2019-07-01 | 0 days | 1,736 sqft |
2019-08-01 | 0 days | 1,714 sqft |
2019-09-01 | 0 days | 1,733 sqft |
2019-10-01 | 0 days | 1,748 sqft |
2019-11-01 | 0 days | 1,729 sqft |
2019-12-01 | 0 days | 1,699 sqft |
2020-01-01 | 0 days | 1,648 sqft |
2020-02-01 | 0 days | 1,722 sqft |
2020-03-01 | 0 days | 1,736 sqft |
2020-04-01 | 0 days | 1,770 sqft |
2020-05-01 | 0 days | 1,807 sqft |
2020-06-01 | 0 days | 2,064 sqft |
2020-07-01 | 0 days | 1,978 sqft |
2020-08-01 | 0 days | 1,904 sqft |
2020-09-01 | 0 days | 1,584 sqft |
2020-10-01 | 0 days | 1,581 sqft |
2020-11-01 | 0 days | 1,657 sqft |
2020-12-01 | 0 days | 1,668 sqft |
2021-01-01 | 0 days | 1,656 sqft |
2021-02-01 | 0 days | 1,969 sqft |
2021-03-01 | 0 days | 1,820 sqft |
2021-04-01 | 0 days | 1,798 sqft |
2021-05-01 | 0 days | 1,750 sqft |
2021-06-01 | 0 days | 1,590 sqft |
2021-07-01 | 0 days | 1,640 sqft |
2021-08-01 | 0 days | 1,748 sqft |
2021-09-01 | 0 days | 1,826 sqft |
2021-10-01 | 0 days | 1,622 sqft |
2021-11-01 | 0 days | 1,656 sqft |
2021-12-01 | 0 days | 1,622 sqft |
2022-01-01 | 0 days | 1,715 sqft |
2022-02-01 | 0 days | 1,499 sqft |
2022-03-01 | 0 days | 1,446 sqft |
2022-04-01 | 0 days | 1,574 sqft |
2022-05-01 | 0 days | 1,607 sqft |
2022-06-01 | 0 days | 1,625 sqft |
2022-07-01 | 0 days | 1,820 sqft |
2022-08-01 | 0 days | 1,696 sqft |
2022-09-01 | 0 days | 1,652 sqft |
2022-10-01 | 0 days | 1,646 sqft |
2022-11-01 | 0 days | 1,726 sqft |
2022-12-01 | 0 days | 1,714 sqft |
2023-01-01 | 0 days | 1,691 sqft |
2023-02-01 | 0 days | 1,598 sqft |
2023-03-01 | 0 days | 1,712 sqft |
2023-04-01 | 0 days | 1,691 sqft |
2023-05-01 | 0 days | 1,796 sqft |
2023-06-01 | 0 days | 1,806 sqft |
2023-07-01 | 0 days | 1,824 sqft |
2023-08-01 | 0 days | 1,829 sqft |
2023-09-01 | 0 days | 1,795 sqft |
2023-10-01 | 0 days | 1,804 sqft |
2023-11-01 | 0 days | 1,783 sqft |
2023-12-01 | 0 days | 1,749 sqft |
2024-01-01 | 0 days | 1,751 sqft |
2024-02-01 | 0 days | 1,771 sqft |
2024-03-01 | 0 days | 1,772 sqft |
2024-04-01 | 0 days | 1,636 sqft |
2024-05-01 | 0 days | 1,622 sqft |
2024-06-01 | 0 days | 1,679 sqft |
2024-07-01 | 0 days | 1,685 sqft |
2024-08-01 | 0 days | 1,954 sqft |
2024-09-01 | 0 days | 2,019 sqft |
2024-10-01 | 0 days | 1,824 sqft |
2024-11-01 | 0 days | 1,794 sqft |
Frankfort's median square footage for active listings during the 2024-11-01 period was 1,794 sqft. One year prior, the average listing was 1,783 sqft.