Indianapolis VA Loan Rates, Closing Costs & Stats

INDIANAPOLIS-CARMEL-ANDERSON, 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.

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.