Jasper VA Loan Rates, Closing Costs & Stats

Jasper, 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.

    Jasper's 20 lenders originated 38 VA loans during 2023. The total origination value was $8,750,000, with an average VA loan value of $230,263.

    Jasper VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Jasper averaged 6.85% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Jasper's average VA mortgage closing costs are $4,802.

    The average rate for the prior week (2024-04-12) was 6.88% and one month ago for the week of 2024-03-15, the average rate was 6.54%.

    The average rate one year ago was 6.13%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Jasper 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 Jasper level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 7 6.69% $4,752
    UNITED WHOLESALE MORTGAGE, LLC 5 6.58% $7,997
    Fifth Third Bank 2 6.44% $2,063
    NAVY FEDERAL CREDIT UNION 2 6.31% $7,842
    FREEDOM MORTGAGE CORPORATION 2 5.31% $18,336
    German American Bank 1 7.25% $2,585
    HOMESIDE FINANCIAL, LLC 1 7.75% $11,140
    MORTGAGE MASTERS OF INDIANA, INC. 1 7.13% $7,130
    AMERISAVE MORTGAGE CORPORATION 1 7.25% $9,646
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $125
    NEW DAY FINANCIAL, LLC 1 7.50% $9,278
    PENNYMAC LOAN SERVICES, LLC 1 5.38% $8,191
    PENTAGON FEDERAL CREDIT UNION 1 7.13% $8,244
    QUICKEN LOANS, LLC 1 5.25% $4,627
    RUOFF MORTGAGE COMPANY, INC. 1 6.25% $1,512
    The Federal Savings Bank 1 6.00% $15,238
    Bank of England 1 7.00% $7,029
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $1,970
    CARDINAL FINANCIAL 1 6.75% $8,574
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.75% $5,121

    The top Jasper VA lender as defined by loan originations is Mortgage Research Center, LLC, with 7 VA loans originated. Their average total fees are $4,752, which is $3,245 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Jasper (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 $162,450 (16.1%) $216,370 (6.3%) 0.00 112
    2018-02-01 $158,675 (5.9%) $222,917 (10.3%) 0.00 106
    2018-03-01 $184,000 (16.9%) $233,809 (11.4%) 0.00 98
    2018-04-01 $195,556 (20.7%) $246,396 (18.5%) 0.00 98
    2018-05-01 $235,000 (36.3%) $252,703 (16.6%) 0.00 102
    2018-06-01 $226,500 (39.3%) $241,683 (15.7%) 0.00 107
    2018-07-01 $200,000 (24.6%) $225,267 (11.2%) 0.00 116
    2018-08-01 $183,050 (7.7%) $221,288 (4.9%) 0.00 115
    2018-09-01 $183,700 (8.4%) $226,114 (4.6%) 0.00 116
    2018-10-01 $181,900 (22.0%) $223,745 (2.2%) 0.00 125
    2018-11-01 $185,000 (24.7%) $229,545 (7.6%) 0.00 122
    2018-12-01 $188,450 (13.7%) $227,529 (7.8%) 0.00 121
    2019-01-01 $193,275 (19.0%) $227,558 (5.2%) 0.00 113
    2019-02-01 $190,200 (19.9%) $226,729 (1.7%) 0.00 120
    2019-03-01 $186,071 (1.1%) $226,380 (-3.2%) 0.00 109
    2019-04-01 $187,546 (-4.1%) $230,124 (-6.6%) 0.00 103
    2019-05-01 $208,725 (-11.2%) $228,736 (-9.5%) 0.00 103
    2019-06-01 $214,450 (-5.3%) $230,945 (-4.4%) 0.00 130
    2019-07-01 $219,900 (10.0%) $233,047 (3.5%) 0.00 141
    2019-08-01 $216,927 (18.5%) $232,880 (5.2%) 0.00 142
    2019-09-01 $212,468 (15.7%) $232,329 (2.8%) 0.00 141
    2019-10-01 $207,125 (13.9%) $229,804 (2.7%) 0.00 141
    2019-11-01 $193,000 (4.3%) $225,272 (-1.9%) 0.00 153
    2019-12-01 $194,600 (3.3%) $233,494 (2.6%) 0.00 138
    2020-01-01 $202,600 (4.8%) $244,220 (7.3%) 0.00 120
    2020-02-01 $199,900 (5.1%) $245,112 (8.1%) 0.00 118
    2020-03-01 $229,100 (23.1%) $262,525 (16.0%) 0.00 118
    2020-04-01 $228,225 (21.7%) $266,639 (15.9%) 0.00 114
    2020-05-01 $229,000 (9.7%) $274,749 (20.1%) 0.00 106
    2020-06-01 $226,625 (5.7%) $279,291 (20.9%) 0.00 104
    2020-07-01 $220,975 (0.5%) $275,642 (18.3%) 0.00 97
    2020-08-01 $229,000 (5.6%) $271,909 (16.8%) 0.00 86
    2020-09-01 $229,000 (7.8%) $275,395 (18.5%) 0.00 75
    2020-10-01 $239,000 (15.4%) $292,788 (27.4%) 0.00 74
    2020-11-01 $203,425 (5.4%) $283,146 (25.7%) 0.00 68
    2020-12-01 $200,975 (3.3%) $277,742 (19.0%) 0.00 61
    2021-01-01 $191,950 (-5.3%) $253,832 (3.9%) 0.00 62
    2021-02-01 $191,725 (-4.1%) $256,169 (4.5%) 0.00 52
    2021-03-01 $199,950 (-12.7%) $261,405 (-0.4%) 0.00 39
    2021-04-01 $204,000 (-10.6%) $274,278 (2.9%) 0.00 37
    2021-05-01 $199,999 (-12.7%) $241,335 (-12.2%) 0.00 41
    2021-06-01 $214,450 (-5.4%) $257,429 (-7.8%) 0.00 35
    2021-07-01 $179,950 (-18.6%) $232,204 (-15.8%) 0.00 37
    2021-08-01 $179,900 (-21.4%) $233,153 (-14.3%) 0.00 57
    2021-09-01 $177,200 (-22.6%) $241,377 (-12.4%) 0.00 59
    2021-10-01 $188,500 (-21.1%) $242,313 (-17.2%) 0.00 61
    2021-11-01 $239,950 (18.0%) $281,135 (-0.7%) 0.00 51
    2021-12-01 $242,225 (20.5%) $268,494 (-3.3%) 0.00 43
    2022-01-01 $265,000 (38.1%) $279,254 (10.0%) 0.00 36
    2022-02-01 $257,750 (34.4%) $317,873 (24.1%) 0.00 37
    2022-03-01 $239,725 (19.9%) $306,291 (17.2%) 0.00 42
    2022-04-01 $237,750 (16.5%) $305,107 (11.2%) 0.00 39
    2022-05-01 $230,425 (15.2%) $305,767 (26.7%) 0.00 52
    2022-06-01 $233,450 (8.9%) $281,305 (9.3%) 0.00 60
    2022-07-01 $232,450 (29.2%) $294,075 (26.7%) 0.00 64
    2022-08-01 $233,975 (30.1%) $272,852 (17.0%) 0.00 67
    2022-09-01 $253,675 (43.2%) $296,674 (22.9%) 0.00 70
    2022-10-01 $239,900 (27.3%) $300,112 (23.9%) 0.00 80
    2022-11-01 $222,250 (-7.4%) $301,375 (7.2%) 0.00 72
    2022-12-01 $229,000 (-5.5%) $294,066 (9.5%) 0.00 70
    2023-01-01 $234,450 (-11.5%) $298,464 (6.9%) 0.00 64
    2023-02-01 $250,000 (-3.0%) $318,435 (0.2%) 0.00 59
    2023-03-01 $279,500 (16.6%) $330,690 (8.0%) 0.00 61
    2023-04-01 $284,940 (19.9%) $309,301 (1.4%) 0.00 66
    2023-05-01 $266,973 (15.9%) $299,865 (-1.9%) 0.00 78
    2023-06-01 $272,400 (16.7%) $293,316 (4.3%) 0.00 81
    2023-07-01 $249,450 (7.3%) $278,062 (-5.5%) 0.00 79
    2023-08-01 $233,325 (-0.3%) $268,310 (-1.7%) 0.00 99
    2023-09-01 $241,900 (-4.6%) $258,245 (-13.0%) 0.00 123
    2023-10-01 $249,350 (3.9%) $271,631 (-9.5%) 0.00 127
    2023-11-01 $239,900 (7.9%) $265,511 (-11.9%) 0.00 127
    2023-12-01 $239,000 (4.4%) $267,113 (-9.2%) 0.00 109
    2024-01-01 $239,725 (2.3%) $263,899 (-11.6%) 0.00 91
    2024-02-01 $247,400 (-1.0%) $274,714 (-13.7%) 0.00 80
    2024-03-01 $260,000 (-7.0%) $285,136 (-13.8%) 0.00 78
    Jasper's median listing price for 2024-03-01 was $260,000, a difference of $-19,500 (-7.0%) versus the prior year and $12,600 versus the prior month.

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

    Jasper's average listing price for 2024-03-01 was $285,136, a difference of $-45,554 (-13.8%) versus the prior year and $10,422 versus the prior month.

    For the 2024-03-01 period, Jasper had 78 MLS listings, a difference of -2 listings (-3%) versus the prior month and 17 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Jasper (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,006 sqft
    2018-02-01 0 days 2,225 sqft
    2018-03-01 0 days 2,285 sqft
    2018-04-01 0 days 2,229 sqft
    2018-05-01 0 days 2,348 sqft
    2018-06-01 0 days 2,275 sqft
    2018-07-01 0 days 2,092 sqft
    2018-08-01 0 days 2,116 sqft
    2018-09-01 0 days 2,150 sqft
    2018-10-01 0 days 2,152 sqft
    2018-11-01 0 days 2,338 sqft
    2018-12-01 0 days 2,166 sqft
    2019-01-01 0 days 2,166 sqft
    2019-02-01 0 days 2,160 sqft
    2019-03-01 0 days 2,136 sqft
    2019-04-01 0 days 2,136 sqft
    2019-05-01 0 days 2,200 sqft
    2019-06-01 0 days 2,130 sqft
    2019-07-01 0 days 2,186 sqft
    2019-08-01 0 days 2,230 sqft
    2019-09-01 0 days 2,233 sqft
    2019-10-01 0 days 2,225 sqft
    2019-11-01 0 days 2,151 sqft
    2019-12-01 0 days 2,209 sqft
    2020-01-01 0 days 2,239 sqft
    2020-02-01 0 days 2,253 sqft
    2020-03-01 0 days 2,316 sqft
    2020-04-01 0 days 2,359 sqft
    2020-05-01 0 days 2,400 sqft
    2020-06-01 0 days 2,536 sqft
    2020-07-01 0 days 2,343 sqft
    2020-08-01 0 days 2,301 sqft
    2020-09-01 0 days 2,297 sqft
    2020-10-01 0 days 2,396 sqft
    2020-11-01 0 days 2,260 sqft
    2020-12-01 0 days 2,152 sqft
    2021-01-01 0 days 2,100 sqft
    2021-02-01 0 days 2,315 sqft
    2021-03-01 0 days 2,448 sqft
    2021-04-01 0 days 2,559 sqft
    2021-05-01 0 days 2,180 sqft
    2021-06-01 0 days 1,902 sqft
    2021-07-01 0 days 1,736 sqft
    2021-08-01 0 days 1,887 sqft
    2021-09-01 0 days 2,082 sqft
    2021-10-01 0 days 2,006 sqft
    2021-11-01 0 days 2,319 sqft
    2021-12-01 0 days 2,113 sqft
    2022-01-01 0 days 2,152 sqft
    2022-02-01 0 days 2,087 sqft
    2022-03-01 0 days 2,124 sqft
    2022-04-01 0 days 2,013 sqft
    2022-05-01 0 days 2,068 sqft
    2022-06-01 0 days 1,838 sqft
    2022-07-01 0 days 1,885 sqft
    2022-08-01 0 days 1,702 sqft
    2022-09-01 0 days 1,779 sqft
    2022-10-01 0 days 1,825 sqft
    2022-11-01 0 days 1,778 sqft
    2022-12-01 0 days 1,811 sqft
    2023-01-01 0 days 1,817 sqft
    2023-02-01 0 days 1,790 sqft
    2023-03-01 0 days 1,800 sqft
    2023-04-01 0 days 1,808 sqft
    2023-05-01 0 days 1,887 sqft
    2023-06-01 0 days 2,060 sqft
    2023-07-01 0 days 1,891 sqft
    2023-08-01 0 days 1,826 sqft
    2023-09-01 0 days 1,819 sqft
    2023-10-01 0 days 1,819 sqft
    2023-11-01 0 days 1,798 sqft
    2023-12-01 0 days 1,804 sqft
    2024-01-01 0 days 1,887 sqft
    2024-02-01 0 days 1,914 sqft
    2024-03-01 0 days 2,037 sqft
    Jasper's median listing age (time on market) for 2024-03-01 was 0 days.

    Jasper's median square footage for active listings during the 2024-03-01 period was 2,037 sqft. One year prior, the average listing was 1,800 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.