Indianapolis VA Loan Rates, Closing Costs & Stats

INDIANAPOLIS-CARMEL-ANDERSON, 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.

    Indianapolis's 220 lenders originated 7,808 VA loans during 2021. The total origination value was $1,864,580,000, with an average VA loan value of $238,804.

    Indianapolis VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Indianapolis averaged 0.4% for the week of 2022-11-25, compared to the national average (all VA variants) of 0% for the same period.

    Indianapolis's average VA mortgage closing costs are $4,480.

    The average rate for the prior week (2022-11-18) was 6.89% and one month ago for the week of 2022-10-21, the average rate was 7.23%.

    The average rate one year ago was 3.62%.

    For refis of the same type during the week of 2022-11-25, the average rate was -0.02%.

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

    Indianapolis 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 Indianapolis level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    FREEDOM MORTGAGE CORPORATION 718 2.50% $2,531
    Mortgage Research Center, LLC 629 2.86% $4,879
    QUICKEN LOANS, LLC 591 2.49% $4,997
    CALIBER HOME LOANS, INC. 414 2.70% $4,670
    PENNYMAC LOAN SERVICES, LLC 217 2.49% $4,822
    NEW DAY FINANCIAL, LLC 205 2.84% $6,329
    USAA Federal Savings Bank 196 2.84% $3,520
    GVC MORTGAGE, INC. 181 3.01% $5,728
    LOANDEPOT.COM, LLC 167 2.62% $3,973
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 163 3.16% $6,606
    LAKEVIEW LOAN SERVICING, LLC 162 2.58% $2,309
    UNITED WHOLESALE MORTGAGE, LLC 161 2.55% $4,330
    RUOFF MORTGAGE COMPANY, INC. 140 3.10% $5,970
    NAVY FEDERAL CREDIT UNION 125 2.46% $5,157
    CLEARPATH LENDING 112 2.32% $3,691
    The Federal Savings Bank 91 2.62% $7,574
    HOME POINT FINANCIAL CORPORATION 82 2.42% $3,740
    VILLAGE CAPITAL MORTGAGE 81 2.42% $2,696
    Mr. Cooper ( Nationstar Mortgage ) 75 2.87% $3,138
    NEWREZ LLC 74 2.76% $3,854
    The Huntington National Bank 70 2.96% $4,913
    CROSSCOUNTRY MORTGAGE, LLC 69 2.89% $5,769
    UNION HOME MORTGAGE CORP. 64 2.84% $4,933
    DHI MORTGAGE COMPANY, LTD. 62 2.76% $6,253
    EAGLE HOME MORTGAGE, LLC 62 2.80% $6,646
    Barrington Bank & Trust Company, N.A. 42 2.57% $4,706
    HALLMARK HOME MORTGAGE, LLC 41 2.90% $6,133
    Low VA Rates, LLC 41 2.31% $3,678
    Carrington Mortgage Services, LLC 39 3.15% $5,372
    Wells Fargo Bank 38 2.58% $2,636
    M/I FINANCIAL, LLC 36 2.60% $9,211
    PLANET HOME LENDING, LLC 36 2.51% $2,017
    VANDERBILT MORTGAGE AND FINANCE, INC. 35 3.07% $4,931
    AMERISAVE MORTGAGE CORPORATION 35 2.63% $6,199
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 34 2.91% $5,031
    AMERIFIRST FINANCIAL CORPORATION 34 3.10% $7,609
    Flagstar Bank, FSB 33 2.73% $5,528
    MJW Financial LLC 31 2.87% $7,143
    InterContinental Capital Group, Inc 31 2.32% $2,945
    BROKER SOLUTIONS, INC. 31 2.66% $5,141
    PULTE MORTGAGE LLC 30 2.88% $5,484
    Union Savings Bank 30 2.42% $2,426
    NVR Mortgage Finance, Inc. 28 2.91% $5,633
    First Guaranty Mortgage Corporation 28 2.48% $3,400
    The Home Loan Expert LLC 27 2.77% $7,030
    PENTAGON FEDERAL CREDIT UNION 26 2.33% $1,394
    AMERICAN FINANCIAL NETWORK, INC. 26 2.58% $8,418
    FINANCE OF AMERICA MORTGAGE LLC 26 2.96% $5,654
    MUTUAL OF OMAHA MORTGAGE, INC. 26 2.81% $4,911
    Wolfe Financial, Inc 25 2.89% $5,179
    North American Savings Bank, F.S.B. 23 2.46% $2,279
    SOVEREIGN LENDING GROUP INCORPORATED 22 2.64% $5,061
    TUCKER MORTGAGE, LLC 22 3.00% $6,116
    First Federal Bank 21 3.29% $7,520
    GUARANTEED RATE, INC. 20 2.80% $7,352
    PLAZA HOME MORTGAGE, INC. 20 2.80% $5,279
    PNC Bank 20 2.91% $4,359
    MILESTONE HOME LENDING, LLC 20 3.40% $8,553
    PRIMELENDING, A PLAINSCAPITAL COMPANY 20 3.25% $4,419
    PRIMARY RESIDENTIAL MORTGAGE, INC. 19 3.34% $8,293
    First Option Mortgage, LLC 18 3.10% $5,623
    AMERICAN MORTGAGE SERVICE COMPANY 18 2.67% $5,989
    SUN WEST MORTGAGE COMPANY, INC. 17 2.51% $2,986
    Fifth Third Bank 17 2.87% $5,891
    VICTORY MORTGAGE, L.L.C. 16 2.53% $4,527
    ROYAL UNITED MORTGAGE LLC 16 2.75% $7,641
    Regions Bank 16 2.95% $5,215
    HOMEBRIDGE FINANCIAL SERVICES, INC. 16 2.55% $6,057
    Northpointe Bank 15 2.89% $4,419
    MID AMERICA MORTGAGE, INC. 15 3.18% $2,289
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 15 2.98% $5,842
    NBKC BANK 13 2.63% $3,341
    Magnolia Bank 12 2.51% $5,515
    Nations Lending Corporation 12 3.03% $8,896
    RELIANCE FIRST CAPITAL, LLC 12 2.82% $6,802
    NP, Inc. 12 2.34% $4,594
    First Home Bank 11 2.69% $4,597
    OPEN MORTGAGE, LLC 11 3.07% $5,826
    BNC National Bank 11 2.25% $3,283
    MOVEMENT MORTGAGE, LLC 10 2.73% $4,019
    ACCELERATE MORTGAGE, LLC 10 2.36% $8,177
    CIBM Bank 9 2.47% $3,800
    First Internet Bank of Indiana 9 2.72% $5,901
    Paramount Residential Mortgage Group, Inc. 9 3.22% $7,424
    V.I.P. MORTGAGE, INC. 9 2.90% $4,427
    Hometown Lenders, Inc. 8 2.94% $4,878
    Citizens Bank 8 2.78% $6,616
    Wyndham Capital Mortgage, Inc. 7 2.39% $4,004
    KS StateBank 7 2.48% $1,624
    First Merchants Bank 7 2.66% $5,454
    Gateway First Bank 7 3.36% $7,778
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 7 2.96% $5,258
    CHERRY CREEK MORTGAGE, LLC 7 2.68% $3,090
    CHURCHILL MORTGAGE CORPORATION 7 2.66% $8,590
    AMERICAN FINANCING CORPORATION 6 2.58% $1,987
    Sierra Pacific Mortgage Company, Inc. 6 2.77% $8,685
    Elements Financial Federal Credit Union 6 2.79% $5,602
    PHH Mortgage Corporation 6 3.54% $6,281
    Bank of England 6 2.60% $3,407
    JPMorgan Chase Bank 6 3.37% $6,164
    KELLER MORTGAGE, LLC 6 2.54% $6,726
    LEADERONE FINANCIAL CORPORATION 6 2.77% $3,672
    LOANPAL, LLC 6 2.50% $5,931
    Mid-Continent Funding, Inc. 6 2.75% $7,563
    EUSTIS AND AMERICAN MORTGAGE COMPANY 5 2.73% $7,180
    Old National Bank 5 2.53% $2,678
    HOMESIDE FINANCIAL, LLC 5 2.90% $3,288
    UNITED SECURITY FINANCIAL CORP 5 2.25% $2,527
    TOP FLITE FINANCIAL, INC. 5 3.18% $7,089
    TJC Mortgage, Inc. 5 2.33% $3,204
    M&T Bank 5 2.55% $5,295
    Ixonia Bank 5 2.93% $2,682
    Advisors Mortgage Group, L.L.C. 5 2.55% $2,197
    First Federal Bank of Kansas City 4 2.41% $1,373
    FIRST COMMUNITY MORTGAGE, INC. 4 2.72% $8,313
    INTERCAP LENDING INC. 4 2.25% $2,200
    Servion, Inc. 4 2.94% $4,899
    POLARIS HOME FUNDING CORP. 4 2.97% $7,300
    U.S. Bank 4 3.37% $2,643
    SOUTHWEST FUNDING, LP 4 3.59% $10,144
    EVERETT FINANCIAL, INC. 3 3.04% $9,244
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 3.50% $8,450
    Atlantic Union Bank 3 3.13% $4,424
    CELEBRITY HOME LOANS, LLC 3 3.29% $5,727
    Colonial Savings, F.A. 3 2.92% $4,744
    1ST SIGNATURE LENDING, LLC 3 2.88% $9,634
    FIRST CENTENNIAL MORTGAGE CORPORATION 3 3.04% $2,904
    FIRST EQUITY MORTGAGE INCORPORATED 3 2.75% $11,692
    First Financial Bank 3 2.58% $4,655
    FORUM Credit Union 3 2.83% $3,727
    GENEVA FINANCIAL, LLC 3 3.13% $8,149
    GSF Mortgage Corporation 3 2.92% $4,886
    LIBERTY HOME MORTGAGE CORPORATION 3 2.79% $9,076
    MIDLAND MORTGAGE CORPORATION 3 3.33% $7,285
    Plains Commerce Bank 3 3.08% $7,044
    Prime Choice Funding Inc. 3 2.50% $4,047
    STEARNS LENDING, LLC 3 2.79% $3,373
    The State Bank and Trust Company 3 2.50% $4,719
    HOMESTEAD FUNDING CORP. 2 2.31% $3,023
    JAMES B. NUTTER & COMPANY 2 2.56% $1,252
    First Financial Bank 2 3.06% $10,242
    Centier Bank 2 2.81% $3,323
    Capital Bank 2 2.75% $1,857
    PREMIA MORTGAGE, LLC 2 2.31% $7,102
    OCEANSIDE MORTGAGE COMPANY 2 3.00% $1,712
    Republic Bank & Trust Company 2 2.75% $5,006
    SUCCESS MORTGAGE PARTNERS, INC. 2 3.00% $13,763
    NOVA FINANCIAL & INVESTMENT CORPORATION 2 2.69% $4,550
    COMPASS MORTGAGE, INC. 2 2.44% $9,206
    FAIR WAY LENDING LLC 2 2.88% $6,769
    Texana Bank 2 2.50% $8,774
    Paramount Bank 2 2.50% $8,100
    Equity Prime Mortgage LLC 2 3.63% $4,882
    Meridian Bank Corporation 2 2.25% $2,125
    AmeriHome Mortgage Company, LLC 2 2.99% $1,700
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.50% $812
    MORTGAGE MASTERS OF INDIANA, INC. 2 2.63% $2,357
    MYCUMORTGAGE, LLC 2 2.81% $5,158
    First Savings Bank 2 2.19% $16,385
    Goldwater Bank, N.A. 1 2.50% $8,653
    Presidential Bank, FSB 1 3.13% $2,812
    Glacier Bank 1 2.88% $4,482
    AMERICAN FINANCIAL RESOURCES, INC. 1 2.88% $2,351
    Florida Capital Bank 1 2.25% $4,418
    First Midwest Bank 1 3.00% $10,104
    RANLIFE, INC. 1 2.25% $3,028
    FirstBank 1 2.38% $5,666
    Renasant Bank 1 3.00% $11,746
    FIDELITY BANK 1 3.13% $5,898
    SECURITYNATIONAL MORTGAGE COMPANY 1 3.75% $3,245
    ENDEAVOR CAPITAL, LLC. 1 3.25% $13,822
    DRAPER AND KRAMER MORTGAGE CORP. 1 2.88% $3,016
    SOUTHWEST STAGE FUNDING, LLC 1 3.25% $2,215
    CRESCENT MORTGAGE COMPANY 1 3.00% $5,806
    ALLIED MORTGAGE GROUP, INC. 1 3.38% $12,012
    Stifel Bank and Trust 1 2.63% $1,860
    STOCKTON MORTGAGE CORPORATION 1 3.13% $8,973
    Stock Yards Bank & Trust Company 1 2.38% $1,940
    Sunflower Bank 1 3.13% $2,978
    T2 FINANCIAL LLC 1 2.50% $2,468
    Community First National Bank 1 2.88% $5,999
    CityWorth Mortgage LLC 1 2.25% $1,474
    Chambers Bank 1 2.25% $1,326
    ZILLOW HOME LOANS, LLC 1 3.75% $10,290
    The Union Bank Company 1 2.50% $3,190
    THRIVE MORTGAGE, LLC 1 3.13% $14,350
    Century Mortgage Company DBA Century Lending Company 1 2.50% $3,232
    CANOPY MORTGAGE, LLC 1 2.25% $2,731
    Blue Ridge Bank 1 3.25% $4,862
    United Fidelity Funding Corp. 1 3.25% $2,435
    BEST CAPITAL FUNDING 1 2.25% $2,981
    BAYSHORE MORTGAGE FUNDING, LLC 1 3.00% $2,133
    Arvest Bank 1 2.88% $20,449
    Armed Forces Bank 1 2.75% $12,353
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.13% $22,474
    VERITAS FUNDING, LLC 1 2.88% $5,272
    ARC HOME LLC 1 3.13% $2,500
    Ameris Bank 1 2.75% $3,036
    MORTGAGE ACCESS CORP. 1 2.75% $16,695
    NATIONS DIRECT MORTGAGE, LLC 1 2.38% $2,263
    MLD MORTGAGE INC. 1 2.63% $4,764
    NETWORK CAPITAL FUNDING CORPORATION 1 2.25% $1,250
    Marine Bank 1 2.50% $11,749
    LOANFLIGHT LENDING, LLC 1 2.25% $3,891
    LENOX FINANCIAL MORTGAGE CORPORATION 1 2.38% $15,012
    LENDUS, LLC 1 2.25% $15,025
    Leaders Credit Union 1 3.13% $1,914
    LAND HOME FINANCIAL SERVICES, INC. 1 2.25% $5,247
    Oakstar Bank 1 2.63% $1,723
    OCMBC, INC. 1 3.75% $1,943
    KeyBank 1 2.75% $1,756
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 3.25% $6,774
    PANORAMA MORTGAGE GROUP, LLC 1 3.75% $6,904
    Horizon Bank 1 3.25% $4,138
    HOMESPIRE MORTGAGE CORPORATION 1 2.75% $3,074
    HANCOCK MORTGAGE PARTNERS, LLC 1 3.75% $2,873
    AMERICAN INTERNET MORTGAGE, INC. 1 2.38% $1,177
    GUILD MORTGAGE COMPANY 1 2.88% $8,379
    GUARANTEED RATE AFFINITY, LLC 1 3.00% $6,513
    GoPrime Mortgage, Inc. 1 3.25% $5,847

    The top Indianapolis VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 718 VA loans originated. Their average total fees are $2,531, which is $2,348 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Indianapolis VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION ($1,394), PLANET HOME LENDING, LLC ($2,017), North American Savings Bank, F.S.B. ($2,279), MID AMERICA MORTGAGE, INC. ($2,289) and LAKEVIEW LOAN SERVICING, LLC ($2,309).

    The lowest rate Indianapolis VA lenders (with over 10 loans originated) are BNC National Bank (2.25%), Low VA Rates, LLC (2.31%), CLEARPATH LENDING (2.32%), InterContinental Capital Group, Inc (2.32%) and PENTAGON FEDERAL CREDIT UNION (2.33%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Indianapolis (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 $229,950 (28.8%) $308,557 (16.1%) 0.85 4,676
    2018-02-01 $247,450 (35.7%) $320,125 (15.7%) 0.90 4,220
    2018-03-01 $259,900 (26.3%) $334,451 (13.4%) 0.91 4,142
    2018-04-01 $278,445 (26.6%) $353,465 (16.5%) 0.94 4,343
    2018-05-01 $284,950 (24.7%) $360,511 (15.4%) 0.95 4,762
    2018-06-01 $279,900 (19.2%) $354,138 (11.1%) 0.93 5,324
    2018-07-01 $272,400 (18.4%) $344,321 (9.0%) 0.91 5,892
    2018-08-01 $261,912 (14.2%) $334,724 (7.3%) 0.88 6,155
    2018-09-01 $254,900 (12.3%) $329,052 (6.3%) 0.86 6,417
    2018-10-01 $243,825 (8.4%) $317,479 (4.0%) 0.82 6,687
    2018-11-01 $239,900 (6.6%) $317,522 (3.9%) 0.81 6,403
    2018-12-01 $239,700 (7.1%) $313,705 (3.8%) 0.83 5,731
    2019-01-01 $242,400 (5.4%) $316,233 (2.5%) 0.84 5,184
    2019-02-01 $256,945 (3.8%) $331,643 (3.6%) 0.87 4,840
    2019-03-01 $267,923 (3.1%) $347,286 (3.8%) 0.88 4,754
    2019-04-01 $277,450 (-0.4%) $356,370 (0.8%) 0.88 4,592
    2019-05-01 $281,475 (-1.2%) $359,711 (-0.2%) 0.88 4,972
    2019-06-01 $279,900 (0.0%) $354,332 (0.1%) 0.87 5,373
    2019-07-01 $279,900 (2.8%) $364,928 (6.0%) 0.88 5,767
    2019-08-01 $270,909 (3.4%) $351,140 (4.9%) 0.86 6,056
    2019-09-01 $264,773 (3.9%) $340,387 (3.5%) 0.85 6,240
    2019-10-01 $260,682 (6.9%) $333,219 (5.0%) 0.84 6,386
    2019-11-01 $259,900 (8.3%) $328,325 (3.4%) 0.85 6,003
    2019-12-01 $255,450 (6.6%) $326,301 (4.0%) 0.85 5,225
    2020-01-01 $264,450 (9.1%) $347,679 (9.9%) 0.88 4,684
    2020-02-01 $269,900 (5.0%) $338,978 (2.2%) 0.88 4,100
    2020-03-01 $279,019 (4.1%) $345,181 (-0.6%) 0.87 3,874
    2020-04-01 $282,670 (1.9%) $342,108 (-4.0%) 0.88 4,080
    2020-05-01 $296,172 (5.2%) $360,980 (0.4%) 0.90 3,852
    2020-06-01 $299,900 (7.2%) $373,322 (5.4%) 0.88 3,524
    2020-07-01 $299,995 (7.2%) $379,220 (3.9%) 0.87 3,378
    2020-08-01 $299,000 (10.4%) $373,441 (6.4%) 0.86 3,224
    2020-09-01 $285,000 (7.6%) $366,194 (7.6%) 0.82 3,249
    2020-10-01 $273,237 (4.8%) $351,932 (5.6%) 0.78 3,363
    2020-11-01 $265,000 (2.0%) $341,476 (4.0%) 0.77 3,277
    2020-12-01 $259,500 (1.6%) $328,473 (0.7%) 0.77 2,812
    2021-01-01 $255,000 (-3.6%) $328,807 (-5.4%) 0.76 2,313
    2021-02-01 $264,495 (-2.0%) $343,000 (1.2%) 0.77 1,792
    2021-03-01 $269,500 (-3.4%) $353,252 (2.3%) 0.76 1,728
    2021-04-01 $273,875 (-3.1%) $363,885 (6.4%) 0.74 1,711
    2021-05-01 $275,000 (-7.2%) $368,207 (2.0%) 0.73 1,790
    2021-06-01 $275,000 (-8.3%) $372,352 (-0.3%) 0.72 2,035
    2021-07-01 $279,900 (-6.7%) $369,469 (-2.6%) 0.74 2,333
    2021-08-01 $279,000 (-6.7%) $371,964 (-0.4%) 0.74 2,468
    2021-09-01 $280,000 (-1.8%) $373,817 (2.1%) 0.75 2,514
    2021-10-01 $275,000 (0.7%) $364,574 (3.6%) 0.73 2,529
    2021-11-01 $269,075 (1.5%) $357,306 (4.6%) 0.72 2,335
    2021-12-01 $274,950 (6.0%) $363,598 (10.7%) 0.75 1,983
    2022-01-01 $275,000 (7.8%) $366,800 (11.6%) 0.74 1,651
    2022-02-01 $289,425 (9.4%) $378,946 (10.5%) 0.75 1,402
    2022-03-01 $297,000 (10.2%) $393,671 (11.4%) 0.74 1,396
    2022-04-01 $299,900 (9.5%) $398,304 (9.5%) 0.72 1,468
    2022-05-01 $314,950 (14.5%) $400,935 (8.9%) 0.72 1,996
    2022-06-01 $319,450 (16.2%) $406,081 (9.1%) 0.71 2,468
    2022-07-01 $324,900 (16.1%) $403,898 (9.3%) 0.74 3,194
    2022-08-01 $309,750 (11.0%) $386,444 (3.9%) 0.72 3,427
    2022-09-01 $299,996 (7.1%) $380,825 (1.9%) 0.70 3,621
    2022-10-01 $299,900 (9.1%) $381,085 (4.5%) 0.71 3,831
    Indianapolis's median listing price for 2022-10-01 was $299,900, a difference of $24,900 (9.1%) versus the prior year and $-96 versus the prior month.

    Indianapolis's median listing price comes in at 71% of the national average.

    Indianapolis's average listing price for 2022-10-01 was $381,085, a difference of $16,511 (4.5%) versus the prior year and $260 versus the prior month.

    For the 2022-10-01 period, Indianapolis had 3,831 MLS listings, a difference of 210 listings (6%) versus the prior month and 1,302 listings (51%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Indianapolis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 81 days 2,399 sqft
    2018-02-01 75 days 2,437 sqft
    2018-03-01 54 days 2,520 sqft
    2018-04-01 46 days 2,604 sqft
    2018-05-01 39 days 2,658 sqft
    2018-06-01 40 days 2,636 sqft
    2018-07-01 45 days 2,573 sqft
    2018-08-01 48 days 2,521 sqft
    2018-09-01 51 days 2,457 sqft
    2018-10-01 54 days 2,404 sqft
    2018-11-01 59 days 2,365 sqft
    2018-12-01 72 days 2,336 sqft
    2019-01-01 80 days 2,327 sqft
    2019-02-01 82 days 2,395 sqft
    2019-03-01 68 days 2,450 sqft
    2019-04-01 51 days 2,493 sqft
    2019-05-01 45 days 2,536 sqft
    2019-06-01 46 days 2,537 sqft
    2019-07-01 50 days 2,526 sqft
    2019-08-01 51 days 2,461 sqft
    2019-09-01 53 days 2,429 sqft
    2019-10-01 56 days 2,408 sqft
    2019-11-01 62 days 2,374 sqft
    2019-12-01 73 days 2,336 sqft
    2020-01-01 85 days 2,328 sqft
    2020-02-01 86 days 2,318 sqft
    2020-03-01 54 days 2,344 sqft
    2020-04-01 51 days 2,362 sqft
    2020-05-01 57 days 2,397 sqft
    2020-06-01 51 days 2,405 sqft
    2020-07-01 47 days 2,416 sqft
    2020-08-01 47 days 2,385 sqft
    2020-09-01 45 days 2,286 sqft
    2020-10-01 44 days 2,238 sqft
    2020-11-01 50 days 2,152 sqft
    2020-12-01 57 days 2,083 sqft
    2021-01-01 63 days 2,045 sqft
    2021-02-01 61 days 2,032 sqft
    2021-03-01 43 days 2,063 sqft
    2021-04-01 38 days 2,058 sqft
    2021-05-01 36 days 2,057 sqft
    2021-06-01 33 days 2,069 sqft
    2021-07-01 34 days 2,116 sqft
    2021-08-01 35 days 2,108 sqft
    2021-09-01 37 days 2,091 sqft
    2021-10-01 38 days 2,100 sqft
    2021-11-01 42 days 2,072 sqft
    2021-12-01 46 days 2,054 sqft
    2022-01-01 51 days 2,016 sqft
    2022-02-01 39 days 1,999 sqft
    2022-03-01 34 days 2,043 sqft
    2022-04-01 30 days 2,061 sqft
    2022-05-01 27 days 2,109 sqft
    2022-06-01 28 days 2,165 sqft
    2022-07-01 31 days 2,173 sqft
    2022-08-01 37 days 2,122 sqft
    2022-09-01 40 days 2,092 sqft
    2022-10-01 42 days 2,086 sqft
    Indianapolis's median listing age (time on market) for 2022-10-01 was 42 days. This is 11% longer than the same period one year ago.

    Indianapolis's median square footage for active listings during the 2022-10-01 period was 2,086 sqft. One year prior, the average listing was 2,100 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.