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 175 lenders originated 3,491 VA loans during 2024. The total origination value was $1,117,405,000, with an average VA loan value of $320,082.
Indianapolis VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Indianapolis
averaged
6.9%
for the week of 2025-07-11, compared to the national average (all VA variants) of
6.37% for the same period.
Indianapolis's average VA mortgage closing costs are $5,473.
The average rate for the prior week (2025-07-04) was
6.51% and
one month ago for the week of 2025-06-06, the
average rate was 6.98%.
The average rate one year ago was 6.6%.
For refis of the same type during the week of 2025-07-11, the average rate
was 6.77%.
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.
The top Indianapolis VA lender as defined by loan originations is Mortgage Research Center, LLC, with
613 VA loans originated. Their average total fees are
$5,427, which is $2,164
lower than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Indianapolis VA lenders (with over 10 loans originated) are
First Federal Bank ($3,916), JPMorgan Chase Bank ($4,491), NBKC BANK ($4,536), VICTORY MORTGAGE, L.L.C. ($4,542) and PLANET HOME LENDING, LLC ($4,872).
The lowest rate Indianapolis VA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.00%), PULTE MORTGAGE LLC (5.13%), EAGLE HOME MORTGAGE, LLC (5.16%), M/I FINANCIAL, LLC (5.23%) and VICTORY MORTGAGE, L.L.C. (5.57%).
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 | $232,076 (29.5%) | $309,498 (16.0%) | 0.86 | 4,617 |
| 2018-02-01 | $249,445 (35.4%) | $321,772 (15.5%) | 0.91 | 4,160 |
| 2018-03-01 | $260,400 (25.8%) | $336,322 (13.7%) | 0.91 | 4,073 |
| 2018-04-01 | $279,950 (27.3%) | $355,423 (16.5%) | 0.95 | 4,280 |
| 2018-05-01 | $285,000 (24.0%) | $361,066 (14.9%) | 0.95 | 4,708 |
| 2018-06-01 | $279,900 (19.2%) | $354,852 (11.1%) | 0.93 | 5,251 |
| 2018-07-01 | $272,500 (18.5%) | $345,073 (8.9%) | 0.91 | 5,816 |
| 2018-08-01 | $262,450 (14.2%) | $335,377 (7.2%) | 0.88 | 6,091 |
| 2018-09-01 | $254,900 (11.4%) | $329,369 (6.2%) | 0.86 | 6,357 |
| 2018-10-01 | $245,519 (9.2%) | $317,798 (4.0%) | 0.83 | 6,631 |
| 2018-11-01 | $239,900 (6.6%) | $317,850 (3.8%) | 0.81 | 6,350 |
| 2018-12-01 | $239,900 (6.7%) | $314,077 (3.6%) | 0.83 | 5,676 |
| 2019-01-01 | $242,431 (4.5%) | $317,044 (2.4%) | 0.84 | 5,130 |
| 2019-02-01 | $257,400 (3.2%) | $332,400 (3.3%) | 0.87 | 4,790 |
| 2019-03-01 | $269,229 (3.4%) | $348,248 (3.6%) | 0.88 | 4,701 |
| 2019-04-01 | $277,450 (-0.9%) | $357,290 (0.5%) | 0.88 | 4,535 |
| 2019-05-01 | $284,250 (-0.3%) | $361,010 (0.0%) | 0.89 | 4,897 |
| 2019-06-01 | $279,900 (0.0%) | $355,557 (0.2%) | 0.87 | 5,299 |
| 2019-07-01 | $279,950 (2.7%) | $366,289 (6.2%) | 0.88 | 5,686 |
| 2019-08-01 | $271,600 (3.5%) | $352,364 (5.1%) | 0.86 | 5,965 |
| 2019-09-01 | $266,501 (4.6%) | $341,563 (3.7%) | 0.85 | 6,145 |
| 2019-10-01 | $263,102 (7.2%) | $334,294 (5.2%) | 0.85 | 6,292 |
| 2019-11-01 | $259,900 (8.3%) | $329,013 (3.5%) | 0.85 | 5,913 |
| 2019-12-01 | $256,950 (7.1%) | $327,283 (4.2%) | 0.86 | 5,134 |
| 2020-01-01 | $265,000 (9.3%) | $349,089 (10.1%) | 0.89 | 4,596 |
| 2020-02-01 | $273,270 (6.2%) | $341,024 (2.6%) | 0.89 | 4,005 |
| 2020-03-01 | $279,940 (4.0%) | $346,586 (-0.5%) | 0.88 | 3,802 |
| 2020-04-01 | $284,900 (2.7%) | $343,197 (-3.9%) | 0.89 | 4,016 |
| 2020-05-01 | $298,662 (5.1%) | $362,265 (0.4%) | 0.91 | 3,798 |
| 2020-06-01 | $299,900 (7.2%) | $374,453 (5.3%) | 0.88 | 3,473 |
| 2020-07-01 | $300,000 (7.2%) | $380,250 (3.8%) | 0.87 | 3,328 |
| 2020-08-01 | $299,900 (10.4%) | $375,194 (6.5%) | 0.86 | 3,170 |
| 2020-09-01 | $286,342 (7.5%) | $367,410 (7.6%) | 0.82 | 3,204 |
| 2020-10-01 | $274,900 (4.5%) | $353,066 (5.6%) | 0.79 | 3,318 |
| 2020-11-01 | $267,000 (2.7%) | $341,674 (3.9%) | 0.78 | 3,231 |
| 2020-12-01 | $259,950 (1.2%) | $328,294 (0.3%) | 0.77 | 2,772 |
| 2021-01-01 | $259,900 (-1.9%) | $328,272 (-6.0%) | 0.78 | 2,273 |
| 2021-02-01 | $264,525 (-3.2%) | $341,631 (0.2%) | 0.77 | 1,759 |
| 2021-03-01 | $270,874 (-3.2%) | $352,572 (1.7%) | 0.77 | 1,692 |
| 2021-04-01 | $274,155 (-3.8%) | $363,272 (5.9%) | 0.74 | 1,678 |
| 2021-05-01 | $275,000 (-7.9%) | $367,942 (1.6%) | 0.73 | 1,748 |
| 2021-06-01 | $275,000 (-8.3%) | $371,074 (-0.9%) | 0.72 | 2,000 |
| 2021-07-01 | $279,250 (-6.9%) | $368,082 (-3.2%) | 0.74 | 2,304 |
| 2021-08-01 | $279,125 (-6.9%) | $370,792 (-1.2%) | 0.74 | 2,434 |
| 2021-09-01 | $280,000 (-2.2%) | $372,913 (1.5%) | 0.75 | 2,462 |
| 2021-10-01 | $275,000 (0.0%) | $363,318 (2.9%) | 0.73 | 2,467 |
| 2021-11-01 | $269,850 (1.1%) | $357,350 (4.6%) | 0.72 | 2,264 |
| 2021-12-01 | $277,350 (6.7%) | $363,901 (10.9%) | 0.75 | 1,916 |
| 2022-01-01 | $279,900 (7.7%) | $368,569 (12.3%) | 0.76 | 1,590 |
| 2022-02-01 | $292,500 (10.6%) | $381,543 (11.7%) | 0.76 | 1,354 |
| 2022-03-01 | $297,500 (9.8%) | $394,570 (11.9%) | 0.74 | 1,349 |
| 2022-04-01 | $299,900 (9.4%) | $398,205 (9.6%) | 0.71 | 1,416 |
| 2022-05-01 | $318,327 (15.8%) | $402,332 (9.4%) | 0.73 | 1,946 |
| 2022-06-01 | $320,000 (16.4%) | $407,858 (9.9%) | 0.71 | 2,418 |
| 2022-07-01 | $325,000 (16.4%) | $405,155 (10.1%) | 0.73 | 3,128 |
| 2022-08-01 | $312,500 (12.0%) | $388,274 (4.7%) | 0.72 | 3,349 |
| 2022-09-01 | $300,000 (7.1%) | $381,981 (2.4%) | 0.70 | 3,553 |
| 2022-10-01 | $300,000 (9.1%) | $382,280 (5.2%) | 0.71 | 3,757 |
| 2022-11-01 | $297,025 (10.1%) | $377,103 (5.5%) | 0.71 | 3,810 |
| 2022-12-01 | $294,700 (6.3%) | $376,788 (3.5%) | 0.73 | 3,434 |
| 2023-01-01 | $289,750 (3.5%) | $379,772 (3.0%) | 0.72 | 2,944 |
| 2023-02-01 | $302,450 (3.4%) | $393,266 (3.1%) | 0.73 | 2,527 |
| 2023-03-01 | $316,123 (6.3%) | $410,363 (4.0%) | 0.75 | 2,309 |
| 2023-04-01 | $333,000 (11.0%) | $445,536 (11.9%) | 0.77 | 2,303 |
| 2023-05-01 | $349,450 (9.8%) | $460,762 (14.5%) | 0.79 | 2,556 |
| 2023-06-01 | $349,950 (9.4%) | $458,158 (12.3%) | 0.79 | 2,852 |
| 2023-07-01 | $349,500 (7.5%) | $443,521 (9.5%) | 0.79 | 3,149 |
| 2023-08-01 | $337,450 (8.0%) | $430,477 (10.9%) | 0.77 | 3,380 |
| 2023-09-01 | $329,900 (10.0%) | $417,493 (9.3%) | 0.77 | 3,710 |
| 2023-10-01 | $321,950 (7.3%) | $407,383 (6.6%) | 0.76 | 4,106 |
| 2023-11-01 | $312,500 (5.2%) | $404,539 (7.3%) | 0.74 | 4,139 |
| 2023-12-01 | $304,000 (3.2%) | $401,119 (6.5%) | 0.74 | 3,695 |
| 2024-01-01 | $307,500 (6.1%) | $411,220 (8.3%) | 0.75 | 3,144 |
| 2024-02-01 | $318,513 (5.3%) | $419,614 (6.7%) | 0.77 | 2,843 |
| 2024-03-01 | $330,000 (4.4%) | $429,086 (4.6%) | 0.78 | 2,850 |
| 2024-04-01 | $340,625 (2.3%) | $437,933 (-1.7%) | 0.79 | 3,067 |
| 2024-05-01 | $349,950 (0.1%) | $449,312 (-2.5%) | 0.80 | 3,316 |
| 2024-06-01 | $349,900 (0.0%) | $448,557 (-2.1%) | 0.80 | 3,662 |
| 2024-07-01 | $339,375 (-2.9%) | $439,948 (-0.8%) | 0.78 | 4,010 |
| 2024-08-01 | $330,000 (-2.2%) | $428,840 (-0.4%) | 0.77 | 4,337 |
| 2024-09-01 | $324,950 (-1.5%) | $422,358 (1.2%) | 0.76 | 4,573 |
| 2024-10-01 | $322,400 (0.1%) | $416,644 (2.3%) | 0.76 | 4,718 |
| 2024-11-01 | $316,000 (1.1%) | $402,122 (-0.6%) | 0.76 | 4,721 |
| 2024-12-01 | $309,959 (2.0%) | $398,342 (-0.7%) | 0.77 | 4,123 |
| 2025-01-01 | $300,000 (-2.4%) | $396,609 (-3.6%) | 0.75 | 3,689 |
| 2025-02-01 | $300,000 (-5.8%) | $397,991 (-5.2%) | 0.73 | 3,492 |
| 2025-03-01 | $315,000 (-4.6%) | $404,503 (-5.7%) | 0.74 | 3,555 |
| 2025-04-01 | $329,211 (-3.4%) | $417,755 (-4.6%) | 0.76 | 3,671 |
| 2025-05-01 | $331,500 (-5.3%) | $425,914 (-5.2%) | 0.75 | 4,311 |
| 2025-06-01 | $338,450 (-3.3%) | $429,381 (-4.3%) | 0.77 | 4,800 |
Indianapolis's median listing price comes in at 77% of the national average.
Indianapolis's average listing price for 2025-06-01 was $429,381, a difference of $-19,176 (-4.3%) versus the prior year and $3,467 versus the prior month.
For the 2025-06-01 period, Indianapolis had 4,800 MLS listings, a difference of 489 listings (11%) versus the prior month and 1,138 listings (31%) 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 | 78 days | 2,405 sqft |
| 2018-02-01 | 71 days | 2,448 sqft |
| 2018-03-01 | 50 days | 2,530 sqft |
| 2018-04-01 | 44 days | 2,618 sqft |
| 2018-05-01 | 37 days | 2,659 sqft |
| 2018-06-01 | 39 days | 2,651 sqft |
| 2018-07-01 | 43 days | 2,581 sqft |
| 2018-08-01 | 46 days | 2,521 sqft |
| 2018-09-01 | 50 days | 2,459 sqft |
| 2018-10-01 | 52 days | 2,407 sqft |
| 2018-11-01 | 57 days | 2,363 sqft |
| 2018-12-01 | 70 days | 2,333 sqft |
| 2019-01-01 | 78 days | 2,328 sqft |
| 2019-02-01 | 78 days | 2,400 sqft |
| 2019-03-01 | 63 days | 2,456 sqft |
| 2019-04-01 | 49 days | 2,499 sqft |
| 2019-05-01 | 43 days | 2,543 sqft |
| 2019-06-01 | 44 days | 2,540 sqft |
| 2019-07-01 | 48 days | 2,539 sqft |
| 2019-08-01 | 48 days | 2,473 sqft |
| 2019-09-01 | 51 days | 2,442 sqft |
| 2019-10-01 | 53 days | 2,421 sqft |
| 2019-11-01 | 59 days | 2,382 sqft |
| 2019-12-01 | 70 days | 2,344 sqft |
| 2020-01-01 | 81 days | 2,337 sqft |
| 2020-02-01 | 80 days | 2,328 sqft |
| 2020-03-01 | 50 days | 2,350 sqft |
| 2020-04-01 | 47 days | 2,372 sqft |
| 2020-05-01 | 54 days | 2,408 sqft |
| 2020-06-01 | 47 days | 2,418 sqft |
| 2020-07-01 | 44 days | 2,425 sqft |
| 2020-08-01 | 44 days | 2,390 sqft |
| 2020-09-01 | 42 days | 2,290 sqft |
| 2020-10-01 | 41 days | 2,236 sqft |
| 2020-11-01 | 48 days | 2,155 sqft |
| 2020-12-01 | 54 days | 2,085 sqft |
| 2021-01-01 | 58 days | 2,043 sqft |
| 2021-02-01 | 53 days | 2,028 sqft |
| 2021-03-01 | 39 days | 2,062 sqft |
| 2021-04-01 | 36 days | 2,058 sqft |
| 2021-05-01 | 34 days | 2,055 sqft |
| 2021-06-01 | 31 days | 2,070 sqft |
| 2021-07-01 | 33 days | 2,116 sqft |
| 2021-08-01 | 33 days | 2,110 sqft |
| 2021-09-01 | 36 days | 2,089 sqft |
| 2021-10-01 | 37 days | 2,093 sqft |
| 2021-11-01 | 40 days | 2,066 sqft |
| 2021-12-01 | 44 days | 2,050 sqft |
| 2022-01-01 | 48 days | 2,010 sqft |
| 2022-02-01 | 37 days | 1,997 sqft |
| 2022-03-01 | 32 days | 2,037 sqft |
| 2022-04-01 | 29 days | 2,049 sqft |
| 2022-05-01 | 25 days | 2,111 sqft |
| 2022-06-01 | 26 days | 2,166 sqft |
| 2022-07-01 | 30 days | 2,181 sqft |
| 2022-08-01 | 36 days | 2,135 sqft |
| 2022-09-01 | 39 days | 2,098 sqft |
| 2022-10-01 | 41 days | 2,090 sqft |
| 2022-11-01 | 45 days | 2,092 sqft |
| 2022-12-01 | 53 days | 2,094 sqft |
| 2023-01-01 | 61 days | 2,063 sqft |
| 2023-02-01 | 59 days | 2,104 sqft |
| 2023-03-01 | 46 days | 2,110 sqft |
| 2023-04-01 | 38 days | 2,162 sqft |
| 2023-05-01 | 36 days | 2,222 sqft |
| 2023-06-01 | 36 days | 2,219 sqft |
| 2023-07-01 | 38 days | 2,233 sqft |
| 2023-08-01 | 36 days | 2,195 sqft |
| 2023-09-01 | 39 days | 2,160 sqft |
| 2023-10-01 | 42 days | 2,102 sqft |
| 2023-11-01 | 46 days | 2,074 sqft |
| 2023-12-01 | 57 days | 2,027 sqft |
| 2024-01-01 | 67 days | 2,020 sqft |
| 2024-02-01 | 59 days | 2,026 sqft |
| 2024-03-01 | 42 days | 2,070 sqft |
| 2024-04-01 | 38 days | 2,118 sqft |
| 2024-05-01 | 36 days | 2,190 sqft |
| 2024-06-01 | 38 days | 2,182 sqft |
| 2024-07-01 | 40 days | 2,139 sqft |
| 2024-08-01 | 43 days | 2,117 sqft |
| 2024-09-01 | 45 days | 2,080 sqft |
| 2024-10-01 | 46 days | 2,065 sqft |
| 2024-11-01 | 50 days | 2,050 sqft |
| 2024-12-01 | 60 days | 2,013 sqft |
| 2025-01-01 | 68 days | 1,983 sqft |
| 2025-02-01 | 63 days | 1,977 sqft |
| 2025-03-01 | 44 days | 2,016 sqft |
| 2025-04-01 | 40 days | 2,055 sqft |
| 2025-05-01 | 39 days | 2,095 sqft |
| 2025-06-01 | 41 days | 2,128 sqft |
Indianapolis's median square footage for active listings during the 2025-06-01 period was 2,128 sqft. One year prior, the average listing was 2,182 sqft.