Kokomo VA Loan Rates, Closing Costs & Stats

KOKOMO, 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.

    Kokomo's 41 lenders originated 158 VA loans during 2023. The total origination value was $31,780,000, with an average VA loan value of $201,139.

    Kokomo VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Kokomo averaged 6.88% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Kokomo's average VA mortgage closing costs are $4,087.

    The average rate for the prior week (2025-02-07) was 6.62% and one month ago for the week of 2025-01-10, the average rate was 7.06%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.53%.

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

    Kokomo 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 Kokomo level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 44 6.88% $4,643
    GVC MORTGAGE, INC. 11 7.03% $4,359
    PENNYMAC LOAN SERVICES, LLC 8 5.97% $4,044
    QUICKEN LOANS, LLC 8 6.34% $9,856
    USAA Federal Savings Bank 7 6.54% $4,912
    VANDERBILT MORTGAGE AND FINANCE, INC. 6 5.88% $3,999
    MOVEMENT MORTGAGE, LLC 5 6.90% $8,610
    NAVY FEDERAL CREDIT UNION 5 5.95% $2,584
    PLAZA HOME MORTGAGE, INC. 5 7.15% $4,077
    RUOFF MORTGAGE COMPANY, INC. 5 7.20% $2,100
    NEW DAY FINANCIAL, LLC 4 7.03% $9,575
    American Mortgage & Equity Consultants, Inc. 4 7.31% $4,198
    STOCKTON MORTGAGE CORPORATION 3 6.42% $7,903
    Nations Lending Corporation 3 7.04% $5,493
    Mr. Cooper ( Nationstar Mortgage ) 2 5.94% $9,987
    UNITED WHOLESALE MORTGAGE, LLC 2 5.56% $6,317
    LOANDEPOT.COM, LLC 2 6.75% $8,166
    Mid-Continent Funding, Inc. 2 7.12% $4,361
    The Federal Savings Bank 2 6.94% $6,583
    THRIVE MORTGAGE, LLC 2 7.13% $4,835
    AMERICAN FINANCING CORPORATION 1 6.63% $4,274
    VILLAGE CAPITAL MORTGAGE 1 5.75% $10,459
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.25% $3,611
    Bank of England 1 6.75% $9,893
    Barrington Bank & Trust Company, N.A. 1 7.25% $6,660
    Credence Funding Corporation 1 5.38% $3,258
    DAS Acquisition Company, LLC 1 5.88% $1,981
    EMM LOANS LLC 1 5.88% $8,098
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $9,579
    FREEDOM MORTGAGE CORPORATION 1 6.75% $10,437
    GUARANTEED RATE, INC. 1 5.75% $0
    GUILD MORTGAGE COMPANY 1 6.63% $5,615
    JPMorgan Chase Bank 1 7.63% $484
    LEADERONE FINANCIAL CORPORATION 1 6.75% $2,784
    MJW Financial LLC 1 6.25% $7,172
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $3,010
    PANORAMA MORTGAGE GROUP, LLC 1 7.25% $4,987
    Paramount Residential Mortgage Group, Inc. 1 5.75% $4,587
    ROYAL UNITED MORTGAGE LLC 1 6.25% $11,157
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.75% $20,334
    UNION HOME MORTGAGE CORP. 1 6.63% $7,273

    The top Kokomo VA lender as defined by loan originations is Mortgage Research Center, LLC, with 44 VA loans originated. Their average total fees are $4,643, which is $284 higher than the next largest lender, GVC MORTGAGE, INC..

    The lowest fee Kokomo VA lenders (with over 10 loans originated) are GVC MORTGAGE, INC. ($4,359), Mortgage Research Center, LLC ($4,643), .

    The lowest rate Kokomo VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.88%), GVC MORTGAGE, INC. (7.03%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kokomo (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 $85,575 (-4.8%) $123,417 (2.4%) 0.00 293
    2018-02-01 $81,825 (-8.2%) $118,875 (-2.2%) 0.00 280
    2018-03-01 $87,000 (-3.8%) $122,102 (-1.5%) 0.00 247
    2018-04-01 $99,175 (19.5%) $130,845 (5.7%) 0.00 227
    2018-05-01 $107,000 (16.1%) $139,265 (5.0%) 0.00 223
    2018-06-01 $122,500 (36.0%) $149,119 (15.5%) 0.00 256
    2018-07-01 $91,575 (-6.3%) $129,805 (-0.2%) 0.00 293
    2018-08-01 $94,575 (-7.7%) $133,824 (-4.8%) 0.00 297
    2018-09-01 $99,900 (0.0%) $137,634 (-6.8%) 0.00 317
    2018-10-01 $119,900 (23.9%) $139,225 (-5.0%) 0.00 366
    2018-11-01 $117,500 (23.8%) $134,403 (-6.5%) 0.00 357
    2018-12-01 $112,245 (26.5%) $129,860 (5.5%) 0.00 372
    2019-01-01 $111,073 (29.8%) $128,095 (3.8%) 0.00 343
    2019-02-01 $112,450 (37.4%) $127,911 (7.6%) 0.00 313
    2019-03-01 $115,321 (32.6%) $129,059 (5.7%) 0.00 281
    2019-04-01 $120,346 (21.4%) $136,663 (4.5%) 0.00 252
    2019-05-01 $123,490 (15.4%) $142,991 (2.7%) 0.00 238
    2019-06-01 $129,945 (6.1%) $150,283 (0.8%) 0.00 236
    2019-07-01 $135,950 (48.5%) $154,896 (19.3%) 0.00 232
    2019-08-01 $133,109 (40.7%) $153,683 (14.8%) 0.00 236
    2019-09-01 $122,923 (23.1%) $149,379 (8.5%) 0.00 245
    2019-10-01 $115,000 (-4.1%) $145,337 (4.4%) 0.00 253
    2019-11-01 $118,990 (1.3%) $144,687 (7.7%) 0.00 242
    2019-12-01 $117,868 (5.0%) $144,940 (11.6%) 0.00 227
    2020-01-01 $114,995 (3.5%) $144,020 (12.4%) 0.00 205
    2020-02-01 $115,000 (2.3%) $142,781 (11.6%) 0.00 182
    2020-03-01 $129,700 (12.5%) $146,467 (13.5%) 0.00 148
    2020-04-01 $127,400 (5.9%) $143,669 (5.1%) 0.00 149
    2020-05-01 $132,900 (7.6%) $154,586 (8.1%) 0.00 135
    2020-06-01 $115,945 (-10.8%) $146,463 (-2.5%) 0.00 125
    2020-07-01 $136,725 (0.6%) $163,655 (5.7%) 0.00 131
    2020-08-01 $149,900 (12.6%) $160,951 (4.7%) 0.00 116
    2020-09-01 $144,175 (17.3%) $167,081 (11.9%) 0.00 122
    2020-10-01 $119,900 (4.3%) $156,024 (7.4%) 0.00 125
    2020-11-01 $122,150 (2.7%) $153,141 (5.8%) 0.00 137
    2020-12-01 $122,450 (3.9%) $156,344 (7.9%) 0.00 118
    2021-01-01 $139,900 (21.7%) $164,788 (14.4%) 0.00 85
    2021-02-01 $112,450 (-2.2%) $175,060 (22.6%) 0.00 58
    2021-03-01 $130,050 (0.3%) $182,074 (24.3%) 0.00 61
    2021-04-01 $159,800 (25.4%) $193,971 (35.0%) 0.00 45
    2021-05-01 $152,950 (15.1%) $180,619 (16.8%) 0.00 49
    2021-06-01 $114,888 (-0.9%) $158,701 (8.4%) 0.00 73
    2021-07-01 $109,900 (-19.6%) $146,671 (-10.4%) 0.00 109
    2021-08-01 $116,200 (-22.5%) $162,659 (1.1%) 0.00 98
    2021-09-01 $112,500 (-22.0%) $161,699 (-3.2%) 0.00 113
    2021-10-01 $112,000 (-6.6%) $140,672 (-9.8%) 0.00 118
    2021-11-01 $127,450 (4.3%) $162,272 (6.0%) 0.00 122
    2021-12-01 $119,950 (-2.0%) $157,004 (0.4%) 0.00 115
    2022-01-01 $113,900 (-18.6%) $127,711 (-22.5%) 0.00 95
    2022-02-01 $98,675 (-12.3%) $122,511 (-30.0%) 0.00 80
    2022-03-01 $107,950 (-17.0%) $137,878 (-24.3%) 0.00 82
    2022-04-01 $109,450 (-31.5%) $139,535 (-28.1%) 0.00 67
    2022-05-01 $149,900 (-2.0%) $179,654 (-0.5%) 0.00 87
    2022-06-01 $145,500 (26.7%) $179,875 (13.3%) 0.00 102
    2022-07-01 $134,400 (22.3%) $187,031 (27.5%) 0.00 119
    2022-08-01 $130,675 (12.5%) $180,610 (11.0%) 0.00 131
    2022-09-01 $144,925 (28.8%) $185,004 (14.4%) 0.00 133
    2022-10-01 $148,000 (32.1%) $189,232 (34.5%) 0.00 145
    2022-11-01 $161,500 (26.7%) $188,662 (16.3%) 0.00 156
    2022-12-01 $164,000 (36.7%) $189,819 (20.9%) 0.00 133
    2023-01-01 $149,250 (31.0%) $180,435 (41.3%) 0.00 118
    2023-02-01 $158,675 (60.8%) $190,425 (55.4%) 0.00 81
    2023-03-01 $143,475 (32.9%) $188,015 (36.4%) 0.00 72
    2023-04-01 $147,900 (35.1%) $193,678 (38.8%) 0.00 85
    2023-05-01 $147,200 (-1.8%) $192,924 (7.4%) 0.00 95
    2023-06-01 $166,975 (14.8%) $199,105 (10.7%) 0.00 109
    2023-07-01 $166,950 (24.2%) $202,141 (8.1%) 0.00 109
    2023-08-01 $198,675 (52.0%) $222,984 (23.5%) 0.00 109
    2023-09-01 $187,250 (29.2%) $211,652 (14.4%) 0.00 118
    2023-10-01 $181,200 (22.4%) $204,825 (8.2%) 0.00 136
    2023-11-01 $192,600 (19.3%) $227,816 (20.8%) 0.00 142
    2023-12-01 $184,700 (12.6%) $221,341 (16.6%) 0.00 148
    2024-01-01 $167,425 (12.2%) $207,941 (15.2%) 0.00 131
    2024-02-01 $185,950 (17.2%) $212,348 (11.5%) 0.00 82
    2024-03-01 $212,300 (48.0%) $232,469 (23.6%) 0.00 74
    2024-04-01 $204,125 (38.0%) $228,951 (18.2%) 0.00 74
    2024-05-01 $232,400 (57.9%) $242,321 (25.6%) 0.00 85
    2024-06-01 $219,900 (31.7%) $249,517 (25.3%) 0.00 92
    2024-07-01 $222,425 (33.2%) $242,819 (20.1%) 0.00 102
    2024-08-01 $219,900 (10.7%) $250,854 (12.5%) 0.00 109
    2024-09-01 $203,700 (8.8%) $246,612 (16.5%) 0.00 143
    2024-10-01 $195,000 (7.6%) $239,183 (16.8%) 0.00 153
    2024-11-01 $199,000 (3.3%) $232,591 (2.1%) 0.00 181
    2024-12-01 $192,000 (4.0%) $229,025 (3.5%) 0.00 178
    2025-01-01 $194,950 (16.4%) $229,162 (10.2%) 0.00 177
    Kokomo's median listing price for 2025-01-01 was $194,950, a difference of $27,525 (16.4%) versus the prior year and $2,950 versus the prior month.

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

    Kokomo's average listing price for 2025-01-01 was $229,162, a difference of $21,221 (10.2%) versus the prior year and $137 versus the prior month.

    For the 2025-01-01 period, Kokomo had 177 MLS listings, a difference of -1 listings (-1%) versus the prior month and 46 listings (35%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kokomo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,533 sqft
    2018-02-01 0 days 1,491 sqft
    2018-03-01 0 days 1,499 sqft
    2018-04-01 0 days 1,555 sqft
    2018-05-01 0 days 1,575 sqft
    2018-06-01 0 days 1,642 sqft
    2018-07-01 0 days 1,531 sqft
    2018-08-01 0 days 1,592 sqft
    2018-09-01 0 days 1,627 sqft
    2018-10-01 0 days 1,615 sqft
    2018-11-01 0 days 1,592 sqft
    2018-12-01 0 days 1,564 sqft
    2019-01-01 0 days 1,498 sqft
    2019-02-01 0 days 1,501 sqft
    2019-03-01 0 days 1,524 sqft
    2019-04-01 0 days 1,572 sqft
    2019-05-01 0 days 1,605 sqft
    2019-06-01 0 days 1,712 sqft
    2019-07-01 0 days 1,668 sqft
    2019-08-01 0 days 1,690 sqft
    2019-09-01 0 days 1,675 sqft
    2019-10-01 0 days 1,632 sqft
    2019-11-01 0 days 1,577 sqft
    2019-12-01 0 days 1,561 sqft
    2020-01-01 0 days 1,665 sqft
    2020-02-01 0 days 1,662 sqft
    2020-03-01 0 days 1,646 sqft
    2020-04-01 0 days 1,660 sqft
    2020-05-01 0 days 1,728 sqft
    2020-06-01 0 days 1,611 sqft
    2020-07-01 0 days 1,734 sqft
    2020-08-01 0 days 1,640 sqft
    2020-09-01 0 days 1,546 sqft
    2020-10-01 0 days 1,443 sqft
    2020-11-01 0 days 1,569 sqft
    2020-12-01 0 days 1,548 sqft
    2021-01-01 0 days 1,592 sqft
    2021-02-01 0 days 1,497 sqft
    2021-03-01 0 days 1,420 sqft
    2021-04-01 0 days 1,573 sqft
    2021-05-01 0 days 1,508 sqft
    2021-06-01 0 days 1,419 sqft
    2021-07-01 0 days 1,406 sqft
    2021-08-01 0 days 1,524 sqft
    2021-09-01 0 days 1,517 sqft
    2021-10-01 0 days 1,476 sqft
    2021-11-01 0 days 1,561 sqft
    2021-12-01 0 days 1,470 sqft
    2022-01-01 0 days 1,408 sqft
    2022-02-01 0 days 1,335 sqft
    2022-03-01 0 days 1,415 sqft
    2022-04-01 0 days 1,448 sqft
    2022-05-01 0 days 1,588 sqft
    2022-06-01 0 days 1,534 sqft
    2022-07-01 0 days 1,463 sqft
    2022-08-01 0 days 1,543 sqft
    2022-09-01 0 days 1,466 sqft
    2022-10-01 0 days 1,512 sqft
    2022-11-01 0 days 1,544 sqft
    2022-12-01 0 days 1,505 sqft
    2023-01-01 0 days 1,488 sqft
    2023-02-01 0 days 1,532 sqft
    2023-03-01 0 days 1,498 sqft
    2023-04-01 0 days 1,589 sqft
    2023-05-01 0 days 1,571 sqft
    2023-06-01 0 days 1,668 sqft
    2023-07-01 0 days 1,777 sqft
    2023-08-01 0 days 1,827 sqft
    2023-09-01 0 days 1,784 sqft
    2023-10-01 0 days 1,635 sqft
    2023-11-01 0 days 1,780 sqft
    2023-12-01 0 days 1,724 sqft
    2024-01-01 0 days 1,613 sqft
    2024-02-01 0 days 1,644 sqft
    2024-03-01 0 days 1,799 sqft
    2024-04-01 0 days 1,815 sqft
    2024-05-01 0 days 1,762 sqft
    2024-06-01 0 days 1,771 sqft
    2024-07-01 0 days 1,678 sqft
    2024-08-01 0 days 1,722 sqft
    2024-09-01 0 days 1,696 sqft
    2024-10-01 0 days 1,673 sqft
    2024-11-01 0 days 1,665 sqft
    2024-12-01 0 days 1,639 sqft
    2025-01-01 0 days 1,635 sqft
    Kokomo's median listing age (time on market) for 2025-01-01 was 0 days.

    Kokomo's median square footage for active listings during the 2025-01-01 period was 1,635 sqft. One year prior, the average listing was 1,613 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.