Gary VA Loan Rates, Closing Costs & Stats

GARY, 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.

    Gary VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Gary averaged 0% for the week of 2025-06-13, compared to the national average (all VA variants) of 6.452% for the same period.

    Gary's average VA mortgage closing costs are $0.

    The average rate for the prior week (2025-06-06) was 0% and one month ago for the week of 2025-05-09, the average rate was 0%.

    The average rate one year ago was 0%.

    For refis of the same type during the week of 2025-06-13, the average rate was 0%.

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

    Gary 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 Gary level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs

    The lowest fee Gary VA lenders (with over 10 loans originated) are .

    The lowest rate Gary VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Gary (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 $288,700 (6.0%) $452,383 (4.3%) 1.07 27,019
    2018-02-01 $304,500 (6.1%) $471,391 (4.0%) 1.11 27,524
    2018-03-01 $325,000 (8.4%) $490,665 (4.9%) 1.14 29,305
    2018-04-01 $334,900 (7.3%) $494,784 (4.0%) 1.14 31,116
    2018-05-01 $335,000 (4.7%) $492,310 (3.1%) 1.12 33,181
    2018-06-01 $333,995 (4.4%) $484,353 (2.0%) 1.11 35,804
    2018-07-01 $327,000 (2.9%) $473,493 (0.9%) 1.09 37,861
    2018-08-01 $319,900 (4.0%) $462,089 (1.0%) 1.07 38,939
    2018-09-01 $317,000 (5.7%) $455,361 (0.7%) 1.07 39,631
    2018-10-01 $311,450 (3.8%) $450,517 (-0.8%) 1.05 39,337
    2018-11-01 $302,000 (1.7%) $447,125 (-0.8%) 1.02 37,019
    2018-12-01 $296,850 (2.4%) $439,278 (-1.2%) 1.02 32,322
    2019-01-01 $296,950 (2.9%) $442,525 (-2.2%) 1.03 29,475
    2019-02-01 $312,300 (2.6%) $464,293 (-1.5%) 1.06 29,818
    2019-03-01 $327,571 (0.8%) $478,426 (-2.5%) 1.07 31,821
    2019-04-01 $339,250 (1.3%) $486,079 (-1.8%) 1.08 33,866
    2019-05-01 $339,900 (1.5%) $482,549 (-2.0%) 1.06 36,232
    2019-06-01 $338,450 (1.3%) $477,556 (-1.4%) 1.06 38,296
    2019-07-01 $331,450 (1.4%) $470,195 (-0.7%) 1.04 39,704
    2019-08-01 $325,155 (1.6%) $461,247 (-0.2%) 1.03 40,118
    2019-09-01 $319,386 (0.8%) $454,617 (-0.2%) 1.02 40,033
    2019-10-01 $314,945 (1.1%) $449,911 (-0.1%) 1.02 39,754
    2019-11-01 $306,950 (1.6%) $444,237 (-0.7%) 1.01 36,265
    2019-12-01 $299,400 (0.9%) $440,601 (0.3%) 1.00 31,134
    2020-01-01 $299,450 (0.8%) $443,832 (0.3%) 1.00 28,367
    2020-02-01 $319,000 (2.2%) $466,426 (0.5%) 1.04 28,915
    2020-03-01 $326,550 (-0.3%) $475,570 (-0.6%) 1.02 29,490
    2020-04-01 $324,900 (-4.2%) $465,809 (-4.2%) 1.02 28,034
    2020-05-01 $329,900 (-2.9%) $477,805 (-1.0%) 1.00 28,100
    2020-06-01 $339,000 (0.2%) $489,639 (2.5%) 1.00 28,012
    2020-07-01 $344,000 (3.8%) $497,445 (5.8%) 1.00 27,048
    2020-08-01 $346,350 (6.5%) $502,586 (9.0%) 0.99 26,677
    2020-09-01 $347,000 (8.7%) $505,515 (11.2%) 0.99 26,852
    2020-10-01 $340,000 (8.0%) $500,832 (11.3%) 0.97 26,905
    2020-11-01 $334,500 (9.0%) $498,102 (12.1%) 0.98 24,409
    2020-12-01 $325,000 (8.6%) $495,332 (12.4%) 0.97 20,674
    2021-01-01 $325,000 (8.5%) $505,448 (13.9%) 0.97 17,802
    2021-02-01 $339,996 (6.6%) $544,070 (16.7%) 0.99 15,859
    2021-03-01 $349,900 (7.2%) $552,140 (16.1%) 0.99 15,575
    2021-04-01 $349,950 (7.7%) $552,512 (18.6%) 0.95 16,203
    2021-05-01 $350,000 (6.1%) $549,011 (14.9%) 0.93 17,076
    2021-06-01 $350,000 (3.2%) $537,537 (9.8%) 0.92 19,235
    2021-07-01 $349,900 (1.7%) $521,806 (4.9%) 0.92 21,317
    2021-08-01 $339,495 (-2.0%) $500,342 (-0.5%) 0.91 22,220
    2021-09-01 $330,000 (-4.9%) $491,049 (-2.9%) 0.88 22,144
    2021-10-01 $329,000 (-3.2%) $487,604 (-2.6%) 0.88 21,486
    2021-11-01 $322,400 (-3.6%) $485,721 (-2.5%) 0.86 18,712
    2021-12-01 $312,500 (-3.9%) $480,195 (-3.1%) 0.85 15,355
    2022-01-01 $314,500 (-3.2%) $492,440 (-2.6%) 0.85 12,564
    2022-02-01 $324,500 (-4.6%) $517,338 (-4.9%) 0.84 11,457
    2022-03-01 $332,500 (-5.0%) $526,309 (-4.7%) 0.83 11,868
    2022-04-01 $349,900 (0.0%) $534,868 (-3.2%) 0.83 12,067
    2022-05-01 $355,375 (1.5%) $538,395 (-1.9%) 0.81 14,480
    2022-06-01 $359,950 (2.8%) $532,521 (-0.9%) 0.80 16,656
    2022-07-01 $350,000 (0.0%) $515,494 (-1.2%) 0.79 19,291
    2022-08-01 $349,875 (3.1%) $509,289 (1.8%) 0.81 19,478
    2022-09-01 $340,000 (3.0%) $503,762 (2.6%) 0.79 19,384
    2022-10-01 $339,900 (3.3%) $499,744 (2.5%) 0.80 19,411
    2022-11-01 $329,950 (2.3%) $492,242 (1.3%) 0.79 18,653
    2022-12-01 $322,938 (3.3%) $482,288 (0.4%) 0.80 15,983
    2023-01-01 $327,450 (4.1%) $493,642 (0.2%) 0.81 14,035
    2023-02-01 $337,500 (4.0%) $519,123 (0.4%) 0.81 12,692
    2023-03-01 $352,450 (6.0%) $546,041 (3.8%) 0.83 12,065
    2023-04-01 $369,000 (5.5%) $569,789 (6.5%) 0.86 11,604
    2023-05-01 $377,150 (6.1%) $594,429 (10.4%) 0.86 11,885
    2023-06-01 $382,500 (6.3%) $592,009 (11.2%) 0.86 12,817
    2023-07-01 $389,000 (11.1%) $590,305 (14.5%) 0.88 13,667
    2023-08-01 $384,950 (10.0%) $581,283 (14.1%) 0.88 14,106
    2023-09-01 $377,000 (10.9%) $568,437 (12.8%) 0.88 14,689
    2023-10-01 $371,950 (9.4%) $562,710 (12.6%) 0.88 15,119
    2023-11-01 $360,000 (9.1%) $550,718 (11.9%) 0.86 14,971
    2023-12-01 $350,000 (8.4%) $536,637 (11.3%) 0.85 13,067
    2024-01-01 $351,190 (7.3%) $549,940 (11.4%) 0.86 11,461
    2024-02-01 $359,950 (6.7%) $575,673 (10.9%) 0.87 10,969
    2024-03-01 $374,990 (6.4%) $596,249 (9.2%) 0.88 11,106
    2024-04-01 $389,450 (5.5%) $609,529 (7.0%) 0.91 11,593
    2024-05-01 $394,950 (4.7%) $623,747 (4.9%) 0.90 12,295
    2024-06-01 $395,000 (3.3%) $603,861 (2.0%) 0.90 13,522
    2024-07-01 $394,500 (1.4%) $585,038 (-0.9%) 0.90 14,906
    2024-08-01 $385,000 (0.0%) $567,463 (-2.4%) 0.90 15,706
    2024-09-01 $379,900 (0.8%) $554,881 (-2.4%) 0.89 16,735
    2024-10-01 $371,500 (-0.1%) $542,967 (-3.5%) 0.87 17,050
    2024-11-01 $359,900 (0.0%) $530,896 (-3.6%) 0.86 16,518
    2024-12-01 $347,450 (-0.7%) $517,358 (-3.6%) 0.86 13,880
    2025-01-01 $343,498 (-2.2%) $519,117 (-5.6%) 0.86 12,423
    2025-02-01 $349,450 (-2.9%) $539,603 (-6.3%) 0.85 11,960
    2025-03-01 $360,000 (-4.0%) $549,178 (-7.9%) 0.85 12,282
    2025-04-01 $372,450 (-4.4%) $559,903 (-8.1%) 0.86 12,919
    2025-05-01 $379,900 (-3.8%) $561,415 (-10.0%) 0.86 14,082
    Gary's median listing price for 2025-05-01 was $379,900, a difference of $-15,050 (-3.8%) versus the prior year and $7,450 versus the prior month.

    Gary's median listing price comes in at 86% of the national average.

    Gary's average listing price for 2025-05-01 was $561,415, a difference of $-62,332 (-10.0%) versus the prior year and $1,512 versus the prior month.

    For the 2025-05-01 period, Gary had 14,082 MLS listings, a difference of 1,163 listings (9%) versus the prior month and 1,787 listings (15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Gary (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 75 days 1,898 sqft
    2018-02-01 54 days 1,955 sqft
    2018-03-01 43 days 2,000 sqft
    2018-04-01 40 days 2,022 sqft
    2018-05-01 40 days 2,027 sqft
    2018-06-01 42 days 2,021 sqft
    2018-07-01 45 days 2,000 sqft
    2018-08-01 47 days 1,986 sqft
    2018-09-01 50 days 1,971 sqft
    2018-10-01 51 days 1,938 sqft
    2018-11-01 56 days 1,904 sqft
    2018-12-01 67 days 1,870 sqft
    2019-01-01 73 days 1,866 sqft
    2019-02-01 55 days 1,908 sqft
    2019-03-01 43 days 1,966 sqft
    2019-04-01 39 days 2,000 sqft
    2019-05-01 40 days 2,000 sqft
    2019-06-01 43 days 2,000 sqft
    2019-07-01 45 days 2,000 sqft
    2019-08-01 48 days 1,972 sqft
    2019-09-01 51 days 1,941 sqft
    2019-10-01 54 days 1,918 sqft
    2019-11-01 61 days 1,900 sqft
    2019-12-01 74 days 1,870 sqft
    2020-01-01 76 days 1,863 sqft
    2020-02-01 45 days 1,918 sqft
    2020-03-01 43 days 1,959 sqft
    2020-04-01 52 days 1,929 sqft
    2020-05-01 60 days 1,950 sqft
    2020-06-01 45 days 1,939 sqft
    2020-07-01 41 days 1,906 sqft
    2020-08-01 40 days 1,872 sqft
    2020-09-01 40 days 1,807 sqft
    2020-10-01 44 days 1,792 sqft
    2020-11-01 50 days 1,731 sqft
    2020-12-01 59 days 1,700 sqft
    2021-01-01 64 days 1,682 sqft
    2021-02-01 45 days 1,680 sqft
    2021-03-01 40 days 1,676 sqft
    2021-04-01 33 days 1,693 sqft
    2021-05-01 33 days 1,702 sqft
    2021-06-01 32 days 1,728 sqft
    2021-07-01 34 days 1,728 sqft
    2021-08-01 36 days 1,703 sqft
    2021-09-01 38 days 1,690 sqft
    2021-10-01 40 days 1,669 sqft
    2021-11-01 45 days 1,641 sqft
    2021-12-01 53 days 1,602 sqft
    2022-01-01 59 days 1,600 sqft
    2022-02-01 39 days 1,600 sqft
    2022-03-01 34 days 1,620 sqft
    2022-04-01 31 days 1,653 sqft
    2022-05-01 29 days 1,700 sqft
    2022-06-01 30 days 1,718 sqft
    2022-07-01 32 days 1,728 sqft
    2022-08-01 36 days 1,717 sqft
    2022-09-01 40 days 1,703 sqft
    2022-10-01 40 days 1,705 sqft
    2022-11-01 44 days 1,702 sqft
    2022-12-01 54 days 1,694 sqft
    2023-01-01 60 days 1,700 sqft
    2023-02-01 44 days 1,702 sqft
    2023-03-01 40 days 1,743 sqft
    2023-04-01 38 days 1,782 sqft
    2023-05-01 34 days 1,800 sqft
    2023-06-01 35 days 1,800 sqft
    2023-07-01 36 days 1,813 sqft
    2023-08-01 36 days 1,802 sqft
    2023-09-01 37 days 1,800 sqft
    2023-10-01 37 days 1,794 sqft
    2023-11-01 42 days 1,779 sqft
    2023-12-01 51 days 1,759 sqft
    2024-01-01 56 days 1,759 sqft
    2024-02-01 40 days 1,765 sqft
    2024-03-01 34 days 1,800 sqft
    2024-04-01 34 days 1,800 sqft
    2024-05-01 29 days 1,840 sqft
    2024-06-01 32 days 1,825 sqft
    2024-07-01 33 days 1,824 sqft
    2024-08-01 36 days 1,800 sqft
    2024-09-01 36 days 1,794 sqft
    2024-10-01 37 days 1,772 sqft
    2024-11-01 43 days 1,750 sqft
    2024-12-01 51 days 1,713 sqft
    2025-01-01 57 days 1,698 sqft
    2025-02-01 43 days 1,705 sqft
    2025-03-01 36 days 1,711 sqft
    2025-04-01 33 days 1,734 sqft
    2025-05-01 32 days 1,756 sqft
    Gary's median listing age (time on market) for 2025-05-01 was 32 days. This is 10% longer than the same period one year ago.

    Gary's median square footage for active listings during the 2025-05-01 period was 1,756 sqft. One year prior, the average listing was 1,840 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.