Huntington VA Loan Rates, Closing Costs & Stats

Huntington, 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.

    Huntington's 18 lenders originated 30 VA loans during 2023. The total origination value was $5,830,000, with an average VA loan value of $194,333.

    Huntington VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Huntington averaged 7.35% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Huntington's average VA mortgage closing costs are $4,196.

    The average rate for the prior week (2024-04-12) was 7.18% and one month ago for the week of 2024-03-15, the average rate was 6.85%.

    The average rate one year ago was 6.34%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Huntington 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 Huntington level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 9 6.96% $3,017
    RUOFF MORTGAGE COMPANY, INC. 3 6.58% $5,084
    Nations Lending Corporation 2 6.75% $12,518
    GENEVA FINANCIAL, LLC 1 7.75% $4,900
    HALLMARK HOME MORTGAGE, LLC 1 5.75% $7,344
    MICHIGAN MUTUAL, INC. 1 7.63% $181
    NAVY FEDERAL CREDIT UNION 1 6.88% $622
    NBKC BANK 1 6.63% $2,267
    NEW DAY FINANCIAL, LLC 1 7.99% $14,455
    NEWREZ LLC 1 7.25% $5,717
    PENNYMAC LOAN SERVICES, LLC 1 4.63% $3,336
    POLARIS HOME FUNDING CORP. 1 7.13% $5,628
    TEACHERS CREDIT UNION 1 7.25% $6,204
    USAA Federal Savings Bank 1 6.13% $1,835
    Barrington Bank & Trust Company, N.A. 1 7.25% $6,640
    Wells Fargo Bank 1 6.25% $1,164
    DHI MORTGAGE COMPANY, LTD. 1 5.50% $9,711
    FREEDOM MORTGAGE CORPORATION 1 6.49% $13,336

    The top Huntington VA lender as defined by loan originations is Mortgage Research Center, LLC, with 9 VA loans originated. Their average total fees are $3,017, which is $2,067 lower than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Huntington (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 $126,500 (58.3%) $155,011 (28.8%) 0.00 99
    2018-02-01 $112,436 (39.5%) $151,288 (24.4%) 0.00 98
    2018-03-01 $122,900 (46.1%) $159,286 (27.6%) 0.00 89
    2018-04-01 $123,150 (46.8%) $166,051 (24.3%) 0.00 89
    2018-05-01 $127,400 (50.1%) $166,958 (24.6%) 0.00 100
    2018-06-01 $114,900 (26.9%) $156,673 (12.2%) 0.00 110
    2018-07-01 $99,925 (9.5%) $153,923 (6.6%) 0.00 100
    2018-08-01 $128,425 (22.4%) $168,752 (8.8%) 0.00 98
    2018-09-01 $126,650 (10.1%) $158,270 (-8.3%) 0.00 108
    2018-10-01 $104,900 (-17.8%) $148,555 (-18.4%) 0.00 106
    2018-11-01 $94,700 (-25.2%) $144,791 (-15.1%) 0.00 97
    2018-12-01 $92,700 (-22.7%) $148,382 (-3.2%) 0.00 96
    2019-01-01 $106,150 (-16.1%) $156,390 (0.9%) 0.00 99
    2019-02-01 $134,695 (19.8%) $164,452 (8.7%) 0.00 93
    2019-03-01 $152,149 (23.8%) $166,835 (4.7%) 0.00 91
    2019-04-01 $158,593 (28.8%) $167,899 (1.1%) 0.00 96
    2019-05-01 $151,970 (19.3%) $160,589 (-3.8%) 0.00 105
    2019-06-01 $149,900 (30.5%) $166,946 (6.6%) 0.00 105
    2019-07-01 $149,950 (50.1%) $183,355 (19.1%) 0.00 107
    2019-08-01 $146,982 (14.5%) $175,055 (3.7%) 0.00 119
    2019-09-01 $142,605 (12.6%) $167,126 (5.6%) 0.00 128
    2019-10-01 $138,300 (31.8%) $158,603 (6.8%) 0.00 132
    2019-11-01 $132,000 (39.4%) $153,874 (6.3%) 0.00 122
    2019-12-01 $116,225 (25.4%) $140,328 (-5.4%) 0.00 122
    2020-01-01 $122,475 (15.4%) $138,331 (-11.6%) 0.00 93
    2020-02-01 $89,950 (-33.2%) $119,992 (-27.0%) 0.00 81
    2020-03-01 $98,400 (-35.3%) $127,088 (-23.8%) 0.00 92
    2020-04-01 $107,975 (-31.9%) $134,040 (-20.2%) 0.00 98
    2020-05-01 $119,900 (-21.1%) $140,412 (-12.6%) 0.00 92
    2020-06-01 $119,900 (-20.0%) $139,780 (-16.3%) 0.00 72
    2020-07-01 $114,200 (-23.8%) $167,966 (-8.4%) 0.00 57
    2020-08-01 $139,900 (-4.8%) $203,312 (16.1%) 0.00 47
    2020-09-01 $130,450 (-8.5%) $218,793 (30.9%) 0.00 48
    2020-10-01 $119,400 (-13.7%) $213,823 (34.8%) 0.00 50
    2020-11-01 $93,550 (-29.1%) $184,502 (19.9%) 0.00 49
    2020-12-01 $87,950 (-24.3%) $174,055 (24.0%) 0.00 39
    2021-01-01 $94,900 (-22.5%) $193,066 (39.6%) 0.00 26
    2021-02-01 $171,350 (90.5%) $245,161 (104.3%) 0.00 17
    2021-03-01 $212,175 (115.6%) $283,115 (122.8%) 0.00 19
    2021-04-01 $210,987 (95.4%) $305,752 (128.1%) 0.00 20
    2021-05-01 $160,000 (33.4%) $247,493 (76.3%) 0.00 20
    2021-06-01 $112,450 (-6.2%) $205,052 (46.7%) 0.00 30
    2021-07-01 $113,550 (-0.6%) $206,618 (23.0%) 0.00 38
    2021-08-01 $152,925 (9.3%) $201,645 (-0.8%) 0.00 45
    2021-09-01 $123,950 (-5.0%) $202,472 (-7.5%) 0.00 44
    2021-10-01 $113,450 (-5.0%) $191,623 (-10.4%) 0.00 47
    2021-11-01 $108,875 (16.4%) $173,345 (-6.1%) 0.00 51
    2021-12-01 $121,625 (38.3%) $209,204 (20.2%) 0.00 39
    2022-01-01 $145,000 (52.8%) $217,672 (12.8%) 0.00 31
    2022-02-01 $122,475 (-28.5%) $209,012 (-14.8%) 0.00 21
    2022-03-01 $148,625 (-30.0%) $176,443 (-37.7%) 0.00 15
    2022-04-01 $195,000 (-7.6%) $200,728 (-34.4%) 0.00 23
    2022-05-01 $220,967 (38.1%) $328,495 (32.7%) 0.00 27
    2022-06-01 $182,225 (62.1%) $282,934 (38.0%) 0.00 39
    2022-07-01 $162,411 (43.0%) $296,510 (43.5%) 0.00 39
    2022-08-01 $222,400 (45.4%) $368,629 (82.8%) 0.00 43
    2022-09-01 $197,450 (59.3%) $357,825 (76.7%) 0.00 46
    2022-10-01 $247,400 (118.1%) $399,422 (108.4%) 0.00 42
    2022-11-01 $264,400 (142.9%) $409,244 (136.1%) 0.00 38
    2022-12-01 $259,786 (113.6%) $323,762 (54.8%) 0.00 37
    2023-01-01 $250,172 (72.5%) $272,280 (25.1%) 0.00 24
    2023-02-01 $254,115 (107.5%) $254,052 (21.6%) 0.00 26
    2023-03-01 $254,115 (71.0%) $282,272 (60.0%) 0.00 30
    2023-04-01 $248,963 (27.7%) $353,971 (76.3%) 0.00 24
    2023-05-01 $198,750 (-10.1%) $303,340 (-7.7%) 0.00 30
    2023-06-01 $223,441 (22.6%) $327,416 (15.7%) 0.00 29
    2023-07-01 $224,900 (38.5%) $238,130 (-19.7%) 0.00 40
    2023-08-01 $208,700 (-6.2%) $247,257 (-32.9%) 0.00 43
    2023-09-01 $194,500 (-1.5%) $227,673 (-36.4%) 0.00 47
    2023-10-01 $183,500 (-25.8%) $220,617 (-44.8%) 0.00 56
    2023-11-01 $188,425 (-28.7%) $225,991 (-44.8%) 0.00 63
    2023-12-01 $230,000 (-11.5%) $268,119 (-17.2%) 0.00 54
    2024-01-01 $240,500 (-3.9%) $264,729 (-2.8%) 0.00 53
    2024-02-01 $243,177 (-4.3%) $249,754 (-1.7%) 0.00 51
    2024-03-01 $259,900 (2.3%) $260,073 (-7.9%) 0.00 43
    Huntington's median listing price for 2024-03-01 was $259,900, a difference of $5,785 (2.3%) versus the prior year and $16,723 versus the prior month.

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

    Huntington's average listing price for 2024-03-01 was $260,073, a difference of $-22,199 (-7.9%) versus the prior year and $10,319 versus the prior month.

    For the 2024-03-01 period, Huntington had 43 MLS listings, a difference of -8 listings (-16%) versus the prior month and 13 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Huntington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,722 sqft
    2018-02-01 0 days 1,686 sqft
    2018-03-01 0 days 1,696 sqft
    2018-04-01 0 days 1,737 sqft
    2018-05-01 0 days 1,735 sqft
    2018-06-01 0 days 1,645 sqft
    2018-07-01 0 days 1,628 sqft
    2018-08-01 0 days 1,742 sqft
    2018-09-01 0 days 1,791 sqft
    2018-10-01 0 days 1,769 sqft
    2018-11-01 0 days 1,699 sqft
    2018-12-01 0 days 1,699 sqft
    2019-01-01 0 days 1,680 sqft
    2019-02-01 0 days 1,747 sqft
    2019-03-01 0 days 1,763 sqft
    2019-04-01 0 days 1,763 sqft
    2019-05-01 0 days 1,801 sqft
    2019-06-01 0 days 1,811 sqft
    2019-07-01 0 days 1,811 sqft
    2019-08-01 0 days 1,811 sqft
    2019-09-01 0 days 1,811 sqft
    2019-10-01 0 days 1,811 sqft
    2019-11-01 0 days 1,811 sqft
    2019-12-01 0 days 1,737 sqft
    2020-01-01 0 days 1,710 sqft
    2020-02-01 0 days 1,534 sqft
    2020-03-01 0 days 1,567 sqft
    2020-04-01 0 days 1,541 sqft
    2020-05-01 0 days 1,642 sqft
    2020-06-01 0 days 1,614 sqft
    2020-07-01 0 days 1,623 sqft
    2020-08-01 0 days 1,717 sqft
    2020-09-01 0 days 1,716 sqft
    2020-10-01 0 days 1,564 sqft
    2020-11-01 0 days 1,516 sqft
    2020-12-01 0 days 1,406 sqft
    2021-01-01 0 days 1,525 sqft
    2021-02-01 0 days 1,707 sqft
    2021-03-01 0 days 1,736 sqft
    2021-04-01 0 days 1,732 sqft
    2021-05-01 0 days 1,606 sqft
    2021-06-01 0 days 1,691 sqft
    2021-07-01 0 days 1,709 sqft
    2021-08-01 0 days 1,744 sqft
    2021-09-01 0 days 1,700 sqft
    2021-10-01 0 days 1,606 sqft
    2021-11-01 0 days 1,596 sqft
    2021-12-01 0 days 1,745 sqft
    2022-01-01 0 days 1,815 sqft
    2022-02-01 0 days 1,641 sqft
    2022-03-01 0 days 1,554 sqft
    2022-04-01 0 days 1,655 sqft
    2022-05-01 0 days 1,695 sqft
    2022-06-01 0 days 1,794 sqft
    2022-07-01 0 days 1,669 sqft
    2022-08-01 0 days 1,882 sqft
    2022-09-01 0 days 1,892 sqft
    2022-10-01 0 days 1,932 sqft
    2022-11-01 0 days 1,940 sqft
    2022-12-01 0 days 1,772 sqft
    2023-01-01 0 days 1,495 sqft
    2023-02-01 0 days 1,511 sqft
    2023-03-01 0 days 1,603 sqft
    2023-04-01 0 days 1,539 sqft
    2023-05-01 0 days 1,493 sqft
    2023-06-01 0 days 1,798 sqft
    2023-07-01 0 days 1,669 sqft
    2023-08-01 0 days 1,627 sqft
    2023-09-01 0 days 1,569 sqft
    2023-10-01 0 days 1,574 sqft
    2023-11-01 0 days 1,595 sqft
    2023-12-01 0 days 1,641 sqft
    2024-01-01 0 days 1,607 sqft
    2024-02-01 0 days 1,562 sqft
    2024-03-01 0 days 1,697 sqft
    Huntington's median listing age (time on market) for 2024-03-01 was 0 days.

    Huntington's median square footage for active listings during the 2024-03-01 period was 1,697 sqft. One year prior, the average listing was 1,603 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.