Kendallville VA Loan Rates, Closing Costs & Stats

Kendallville, 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.

    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 6.85% for the week of 2024-06-14, compared to the national average (all VA variants) of 6.423% for the same period.

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

    The average rate for the prior week (2024-06-07) was 6.92% and one month ago for the week of 2024-05-10, the average rate was 6.83%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2024-06-14, the average rate was 6.32%.

    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
    Kendallville's median listing price for 2024-05-01 was $302,975, a difference of $1,512 (0.5%) versus the prior year and $9,962 versus the prior month.

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

    Kendallville's average listing price for 2024-05-01 was $352,650, a difference of $-72,458 (-17.0%) versus the prior year and $-10,677 versus the prior month.

    For the 2024-05-01 period, Kendallville had 52 MLS listings, a difference of -9 listings (-15%) versus the prior month and -2 listings (-4%) 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
    Kendallville's median listing age (time on market) for 2024-05-01 was 0 days.

    Kendallville's median square footage for active listings during the 2024-05-01 period was 1,739 sqft. One year prior, the average listing was 1,772 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.