Kendallville VA Loan Rates, Closing Costs & Stats

Kendallville, 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.

Kendallville's 17 lenders originated 38 VA loans during 2023. The total origination value was $9,180,000, with an average VA loan value of $241,579.

Kendallville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Kendallville averaged 0.42% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

Kendallville's average VA mortgage closing costs are $4,458.

The average rate for the prior week (2024-11-22) was 6.99% and one month ago for the week of 2024-10-25, the average rate was 6.69%.

The average rate one year ago was 7.43%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.2%.

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

Kendallville 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 Kendallville level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 9 6.57% $6,274
RUOFF MORTGAGE COMPANY, INC. 4 7.13% $3,023
HALLMARK HOME MORTGAGE, LLC 3 7.08% $8,134
Nations Lending Corporation 3 7.50% $5,842
GVC MORTGAGE, INC. 3 7.13% $1,649
VAN DYK MORTGAGE CORPORATION 3 6.63% $4,983
NEWREZ LLC 1 7.50% $9,700
PENNYMAC LOAN SERVICES, LLC 1 5.25% $6,468
UNITED WHOLESALE MORTGAGE, LLC 1 5.63% $17,315
USAA Federal Savings Bank 1 7.25% $12,409
Capital Bank 1 5.25% $10,053
V.I.P. MORTGAGE, INC. 1 6.63% $8,159
CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $13,668
First Merchants Bank 1 7.25% $3,359
LOANDEPOT.COM, LLC 1 6.50% $8,044
Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $7,700
NEW DAY FINANCIAL, LLC 1 7.75% $8,765

The top Kendallville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 9 VA loans originated. Their average total fees are $6,274, which is $3,250 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Kendallville (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 $135,225 (11.6%) $187,922 (25.6%) 0.00 98
2018-02-01 $131,450 (7.4%) $176,906 (16.7%) 0.00 103
2018-03-01 $131,250 (-4.4%) $174,433 (7.4%) 0.00 95
2018-04-01 $143,400 (6.2%) $198,548 (26.3%) 0.00 103
2018-05-01 $139,900 (5.8%) $194,251 (21.1%) 0.00 113
2018-06-01 $148,500 (12.8%) $206,714 (30.5%) 0.00 130
2018-07-01 $139,200 (11.5%) $205,549 (33.7%) 0.00 135
2018-08-01 $138,800 (13.2%) $227,618 (45.0%) 0.00 130
2018-09-01 $149,900 (15.6%) $233,356 (39.3%) 0.00 114
2018-10-01 $149,700 (7.3%) $231,710 (27.8%) 0.00 107
2018-11-01 $149,900 (7.6%) $230,988 (27.1%) 0.00 104
2018-12-01 $154,450 (18.9%) $235,503 (32.5%) 0.00 97
2019-01-01 $139,050 (2.8%) $228,030 (21.3%) 0.00 97
2019-02-01 $137,350 (4.5%) $244,028 (37.9%) 0.00 96
2019-03-01 $155,100 (18.2%) $264,282 (51.5%) 0.00 92
2019-04-01 $186,050 (29.7%) $284,185 (43.1%) 0.00 90
2019-05-01 $199,675 (42.7%) $292,834 (50.8%) 0.00 90
2019-06-01 $199,000 (34.0%) $278,993 (35.0%) 0.00 100
2019-07-01 $186,450 (33.9%) $265,079 (29.0%) 0.00 105
2019-08-01 $172,191 (24.1%) $247,488 (8.7%) 0.00 119
2019-09-01 $165,052 (10.1%) $237,037 (1.6%) 0.00 136
2019-10-01 $160,293 (7.1%) $230,070 (-0.7%) 0.00 144
2019-11-01 $156,900 (4.7%) $235,327 (1.9%) 0.00 122
2019-12-01 $150,650 (-2.5%) $222,949 (-5.3%) 0.00 99
2020-01-01 $141,550 (1.8%) $237,260 (4.1%) 0.00 87
2020-02-01 $159,900 (16.4%) $254,624 (4.3%) 0.00 93
2020-03-01 $164,900 (6.3%) $233,500 (-11.7%) 0.00 77
2020-04-01 $179,675 (-3.4%) $241,317 (-15.1%) 0.00 84
2020-05-01 $169,900 (-14.9%) $246,909 (-15.7%) 0.00 59
2020-06-01 $164,900 (-17.1%) $259,571 (-7.0%) 0.00 57
2020-07-01 $175,600 (-5.8%) $268,011 (1.1%) 0.00 50
2020-08-01 $181,450 (5.4%) $277,600 (12.2%) 0.00 48
2020-09-01 $177,675 (7.7%) $260,586 (9.9%) 0.00 55
2020-10-01 $182,400 (13.8%) $275,557 (19.8%) 0.00 54
2020-11-01 $194,750 (24.1%) $297,576 (26.5%) 0.00 50
2020-12-01 $195,564 (29.8%) $303,598 (36.2%) 0.00 44
2021-01-01 $225,376 (59.2%) $304,986 (28.6%) 0.00 37
2021-02-01 $232,924 (45.7%) $331,579 (30.2%) 0.00 27
2021-03-01 $232,900 (41.2%) $339,684 (45.5%) 0.00 23
2021-04-01 $253,625 (41.2%) $421,789 (74.8%) 0.00 19
2021-05-01 $177,900 (4.7%) $300,791 (21.8%) 0.00 24
2021-06-01 $219,700 (33.2%) $317,937 (22.5%) 0.00 26
2021-07-01 $182,450 (3.9%) $301,870 (12.6%) 0.00 32
2021-08-01 $214,900 (18.4%) $311,777 (12.3%) 0.00 44
2021-09-01 $242,925 (36.7%) $351,854 (35.0%) 0.00 45
2021-10-01 $249,900 (37.0%) $364,022 (32.1%) 0.00 48
2021-11-01 $221,475 (13.7%) $365,632 (22.9%) 0.00 44
2021-12-01 $219,825 (12.4%) $365,418 (20.4%) 0.00 36
2022-01-01 $194,900 (-13.5%) $299,595 (-1.8%) 0.00 34
2022-02-01 $194,325 (-16.6%) $336,335 (1.4%) 0.00 26
2022-03-01 $165,450 (-29.0%) $264,907 (-22.0%) 0.00 26
2022-04-01 $159,900 (-37.0%) $289,021 (-31.5%) 0.00 23
2022-05-01 $162,250 (-8.8%) $259,775 (-13.6%) 0.00 25
2022-06-01 $208,225 (-5.2%) $255,109 (-19.8%) 0.00 36
2022-07-01 $215,900 (18.3%) $292,668 (-3.1%) 0.00 50
2022-08-01 $228,475 (6.3%) $331,391 (6.3%) 0.00 52
2022-09-01 $258,725 (6.5%) $376,229 (6.9%) 0.00 53
2022-10-01 $244,900 (-2.0%) $383,120 (5.3%) 0.00 59
2022-11-01 $251,450 (13.5%) $388,733 (6.3%) 0.00 71
2022-12-01 $262,400 (19.4%) $388,925 (6.4%) 0.00 65
2023-01-01 $274,949 (41.1%) $379,722 (26.8%) 0.00 51
2023-02-01 $273,749 (40.9%) $367,038 (9.1%) 0.00 56
2023-03-01 $291,925 (76.4%) $391,027 (47.6%) 0.00 47
2023-04-01 $299,900 (87.6%) $417,593 (44.5%) 0.00 53
2023-05-01 $301,463 (85.8%) $425,108 (63.6%) 0.00 54
2023-06-01 $318,950 (53.2%) $422,948 (65.8%) 0.00 71
2023-07-01 $315,900 (46.3%) $417,806 (42.8%) 0.00 69
2023-08-01 $312,450 (36.8%) $394,942 (19.2%) 0.00 62
2023-09-01 $306,400 (18.4%) $393,837 (4.7%) 0.00 62
2023-10-01 $290,925 (18.8%) $361,201 (-5.7%) 0.00 66
2023-11-01 $271,100 (7.8%) $338,410 (-13.0%) 0.00 70
2023-12-01 $269,900 (2.9%) $338,445 (-13.0%) 0.00 76
2024-01-01 $271,325 (-1.3%) $345,818 (-8.9%) 0.00 69
2024-02-01 $299,900 (9.6%) $380,289 (3.6%) 0.00 49
2024-03-01 $315,000 (7.9%) $397,326 (1.6%) 0.00 53
2024-04-01 $293,013 (-2.3%) $363,327 (-13.0%) 0.00 61
2024-05-01 $302,975 (0.5%) $352,650 (-17.0%) 0.00 52
2024-06-01 $293,013 (-8.1%) $315,394 (-25.4%) 0.00 44
2024-07-01 $280,750 (-11.1%) $346,169 (-17.2%) 0.00 61
2024-08-01 $279,400 (-10.6%) $336,259 (-14.9%) 0.00 67
2024-09-01 $274,400 (-10.4%) $322,039 (-18.2%) 0.00 71
2024-10-01 $282,125 (-3.0%) $324,742 (-10.1%) 0.00 79
Kendallville's median listing price for 2024-10-01 was $282,125, a difference of $-8,800 (-3.0%) versus the prior year and $7,725 versus the prior month.

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

Kendallville's average listing price for 2024-10-01 was $324,742, a difference of $-36,459 (-10.1%) versus the prior year and $2,703 versus the prior month.

For the 2024-10-01 period, Kendallville had 79 MLS listings, a difference of 8 listings (11%) versus the prior month and 13 listings (20%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Kendallville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,585 sqft
2018-02-01 0 days 1,543 sqft
2018-03-01 0 days 1,477 sqft
2018-04-01 0 days 1,456 sqft
2018-05-01 0 days 1,523 sqft
2018-06-01 0 days 1,535 sqft
2018-07-01 0 days 1,523 sqft
2018-08-01 0 days 1,608 sqft
2018-09-01 0 days 1,733 sqft
2018-10-01 0 days 1,700 sqft
2018-11-01 0 days 1,598 sqft
2018-12-01 0 days 1,604 sqft
2019-01-01 0 days 1,574 sqft
2019-02-01 0 days 1,695 sqft
2019-03-01 0 days 1,756 sqft
2019-04-01 0 days 1,787 sqft
2019-05-01 0 days 1,881 sqft
2019-06-01 0 days 1,683 sqft
2019-07-01 0 days 1,675 sqft
2019-08-01 0 days 1,640 sqft
2019-09-01 0 days 1,617 sqft
2019-10-01 0 days 1,606 sqft
2019-11-01 0 days 1,640 sqft
2019-12-01 0 days 1,599 sqft
2020-01-01 0 days 1,588 sqft
2020-02-01 0 days 1,600 sqft
2020-03-01 0 days 1,649 sqft
2020-04-01 0 days 1,726 sqft
2020-05-01 0 days 1,558 sqft
2020-06-01 0 days 1,636 sqft
2020-07-01 0 days 1,781 sqft
2020-08-01 0 days 1,741 sqft
2020-09-01 0 days 1,681 sqft
2020-10-01 0 days 1,688 sqft
2020-11-01 0 days 1,628 sqft
2020-12-01 0 days 1,636 sqft
2021-01-01 0 days 1,697 sqft
2021-02-01 0 days 1,702 sqft
2021-03-01 0 days 1,784 sqft
2021-04-01 0 days 1,909 sqft
2021-05-01 0 days 1,616 sqft
2021-06-01 0 days 1,836 sqft
2021-07-01 0 days 1,747 sqft
2021-08-01 0 days 1,651 sqft
2021-09-01 0 days 1,752 sqft
2021-10-01 0 days 1,739 sqft
2021-11-01 0 days 1,738 sqft
2021-12-01 0 days 1,618 sqft
2022-01-01 0 days 1,660 sqft
2022-02-01 0 days 1,676 sqft
2022-03-01 0 days 1,617 sqft
2022-04-01 0 days 1,720 sqft
2022-05-01 0 days 1,602 sqft
2022-06-01 0 days 1,641 sqft
2022-07-01 0 days 1,584 sqft
2022-08-01 0 days 1,725 sqft
2022-09-01 0 days 1,835 sqft
2022-10-01 0 days 1,795 sqft
2022-11-01 0 days 1,759 sqft
2022-12-01 0 days 1,736 sqft
2023-01-01 0 days 1,691 sqft
2023-02-01 0 days 1,673 sqft
2023-03-01 0 days 1,753 sqft
2023-04-01 0 days 1,761 sqft
2023-05-01 0 days 1,772 sqft
2023-06-01 0 days 1,894 sqft
2023-07-01 0 days 2,078 sqft
2023-08-01 0 days 2,202 sqft
2023-09-01 0 days 2,020 sqft
2023-10-01 0 days 1,898 sqft
2023-11-01 0 days 1,852 sqft
2023-12-01 0 days 1,888 sqft
2024-01-01 0 days 1,844 sqft
2024-02-01 0 days 1,851 sqft
2024-03-01 0 days 1,761 sqft
2024-04-01 0 days 1,591 sqft
2024-05-01 0 days 1,739 sqft
2024-06-01 0 days 1,724 sqft
2024-07-01 0 days 1,849 sqft
2024-08-01 0 days 1,799 sqft
2024-09-01 0 days 1,799 sqft
2024-10-01 0 days 1,778 sqft
Kendallville's median listing age (time on market) for 2024-10-01 was 0 days.

Kendallville's median square footage for active listings during the 2024-10-01 period was 1,778 sqft. One year prior, the average listing was 1,898 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.