Logansport VA Loan Rates, Closing Costs & Stats

Logansport, 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.

    Logansport's 21 lenders originated 39 VA loans during 2023. The total origination value was $7,415,000, with an average VA loan value of $190,128.

    Logansport VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Logansport averaged 6.81% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Logansport's average VA mortgage closing costs are $4,169.

    The average rate for the prior week (2024-12-06) was 6.55% and one month ago for the week of 2024-11-08, the average rate was 7.04%.

    The average rate one year ago was 7.09%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.28%.

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

    Logansport 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 Logansport level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 11 7.00% $5,111
    MOVEMENT MORTGAGE, LLC 4 6.72% $5,722
    PLAZA HOME MORTGAGE, INC. 2 7.25% $15,752
    QUICKEN LOANS, LLC 2 6.37% $7,364
    LOANDEPOT.COM, LLC 2 6.13% $10,665
    Horizon Bank 1 7.50% $1,233
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $5,471
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.75% $5,275
    NAVY FEDERAL CREDIT UNION 1 5.63% $2,755
    NEW DAY FINANCIAL, LLC 1 8.25% $16,537
    NEWREZ LLC 1 6.75% $4,459
    PENNYMAC LOAN SERVICES, LLC 1 6.75% $1,972
    PENTAGON FEDERAL CREDIT UNION 1 5.75% $3,376
    RUOFF MORTGAGE COMPANY, INC. 1 7.00% $2,429
    UNITED WHOLESALE MORTGAGE, LLC 1 6.38% $16,592
    AMERICAN FINANCIAL NETWORK, INC. 1 7.13% $11,377
    VILLAGE CAPITAL MORTGAGE 1 7.50% $5,876
    BROKER SOLUTIONS, INC. 1 7.25% $10,474
    CALIBER HOME LOANS, INC. 1 6.25% $9,923
    FLAT BRANCH MORTGAGE, INC. 1 6.13% $2,239
    FREEDOM MORTGAGE CORPORATION 1 6.25% $8,113

    The top Logansport VA lender as defined by loan originations is Mortgage Research Center, LLC, with 11 VA loans originated. Their average total fees are $5,111, which is $611 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee Logansport VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,111), .

    The lowest rate Logansport VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (7.00%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Logansport (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 $75,000 (21.0%) $94,082 (21.3%) 0.00 114
    2018-02-01 $75,475 (18.3%) $94,000 (18.0%) 0.00 115
    2018-03-01 $75,000 (11.1%) $94,911 (13.3%) 0.00 93
    2018-04-01 $83,000 (20.3%) $98,780 (12.7%) 0.00 105
    2018-05-01 $83,950 (16.0%) $102,621 (13.4%) 0.00 110
    2018-06-01 $87,700 (16.2%) $108,295 (14.1%) 0.00 116
    2018-07-01 $86,500 (10.3%) $114,658 (14.9%) 0.00 120
    2018-08-01 $84,950 (5.0%) $116,056 (9.8%) 0.00 120
    2018-09-01 $84,950 (0.1%) $113,914 (1.6%) 0.00 123
    2018-10-01 $80,900 (-0.1%) $116,009 (7.1%) 0.00 108
    2018-11-01 $79,000 (5.3%) $107,467 (5.9%) 0.00 110
    2018-12-01 $79,900 (3.9%) $123,900 (27.3%) 0.00 103
    2019-01-01 $83,725 (11.6%) $121,536 (29.2%) 0.00 99
    2019-02-01 $86,175 (14.2%) $127,099 (35.2%) 0.00 92
    2019-03-01 $95,857 (27.8%) $138,893 (46.3%) 0.00 86
    2019-04-01 $109,950 (32.5%) $150,260 (52.1%) 0.00 81
    2019-05-01 $106,475 (26.8%) $146,455 (42.7%) 0.00 80
    2019-06-01 $109,450 (24.8%) $143,308 (32.3%) 0.00 67
    2019-07-01 $109,000 (26.0%) $137,543 (20.0%) 0.00 81
    2019-08-01 $108,455 (27.7%) $135,649 (16.9%) 0.00 83
    2019-09-01 $107,636 (26.7%) $129,846 (14.0%) 0.00 93
    2019-10-01 $107,091 (32.4%) $126,491 (9.0%) 0.00 101
    2019-11-01 $97,000 (22.8%) $121,650 (13.2%) 0.00 101
    2019-12-01 $94,975 (18.9%) $119,435 (-3.6%) 0.00 95
    2020-01-01 $90,450 (8.0%) $113,639 (-6.5%) 0.00 91
    2020-02-01 $84,400 (-2.1%) $108,062 (-15.0%) 0.00 80
    2020-03-01 $85,950 (-10.3%) $112,287 (-19.2%) 0.00 78
    2020-04-01 $87,000 (-20.9%) $115,466 (-23.2%) 0.00 71
    2020-05-01 $88,900 (-16.5%) $112,532 (-23.2%) 0.00 48
    2020-06-01 $82,325 (-24.8%) $117,010 (-18.4%) 0.00 49
    2020-07-01 $107,950 (-1.0%) $132,291 (-3.8%) 0.00 49
    2020-08-01 $125,000 (15.3%) $139,054 (2.5%) 0.00 47
    2020-09-01 $123,700 (14.9%) $142,985 (10.1%) 0.00 45
    2020-10-01 $125,000 (16.7%) $145,869 (15.3%) 0.00 43
    2020-11-01 $152,650 (57.4%) $161,343 (32.6%) 0.00 45
    2020-12-01 $140,000 (47.4%) $159,522 (33.6%) 0.00 42
    2021-01-01 $112,000 (23.8%) $141,269 (24.3%) 0.00 38
    2021-02-01 $96,400 (14.2%) $129,516 (19.9%) 0.00 31
    2021-03-01 $81,150 (-5.6%) $117,003 (4.2%) 0.00 32
    2021-04-01 $92,450 (6.3%) $140,746 (21.9%) 0.00 31
    2021-05-01 $119,000 (33.9%) $167,017 (48.4%) 0.00 31
    2021-06-01 $107,475 (30.6%) $155,857 (33.2%) 0.00 34
    2021-07-01 $89,900 (-16.7%) $122,764 (-7.2%) 0.00 54
    2021-08-01 $81,250 (-35.0%) $104,188 (-25.1%) 0.00 57
    2021-09-01 $79,900 (-35.4%) $109,139 (-23.7%) 0.00 55
    2021-10-01 $82,500 (-34.0%) $108,873 (-25.4%) 0.00 54
    2021-11-01 $113,675 (-25.5%) $124,854 (-22.6%) 0.00 43
    2021-12-01 $112,425 (-19.7%) $127,581 (-20.0%) 0.00 35
    2022-01-01 $119,900 (7.1%) $138,166 (-2.2%) 0.00 32
    2022-02-01 $129,000 (33.8%) $161,234 (24.5%) 0.00 31
    2022-03-01 $138,175 (70.3%) $177,221 (51.5%) 0.00 23
    2022-04-01 $145,000 (56.8%) $198,774 (41.2%) 0.00 18
    2022-05-01 $140,375 (18.0%) $199,213 (19.3%) 0.00 27
    2022-06-01 $144,375 (34.3%) $193,485 (24.1%) 0.00 31
    2022-07-01 $142,900 (59.0%) $182,974 (49.1%) 0.00 50
    2022-08-01 $148,000 (82.2%) $187,554 (80.0%) 0.00 60
    2022-09-01 $154,900 (93.9%) $178,912 (63.9%) 0.00 50
    2022-10-01 $148,000 (79.4%) $166,437 (52.9%) 0.00 49
    2022-11-01 $129,950 (14.3%) $149,787 (20.0%) 0.00 51
    2022-12-01 $134,900 (20.0%) $152,269 (19.4%) 0.00 44
    2023-01-01 $139,950 (16.7%) $164,176 (18.8%) 0.00 34
    2023-02-01 $154,450 (19.7%) $177,665 (10.2%) 0.00 29
    2023-03-01 $217,425 (57.4%) $226,251 (27.7%) 0.00 16
    2023-04-01 $179,900 (24.1%) $218,268 (9.8%) 0.00 20
    2023-05-01 $157,450 (12.2%) $192,667 (-3.3%) 0.00 27
    2023-06-01 $184,500 (27.8%) $198,109 (2.4%) 0.00 32
    2023-07-01 $175,000 (22.5%) $200,997 (9.9%) 0.00 35
    2023-08-01 $171,249 (15.7%) $195,824 (4.4%) 0.00 42
    2023-09-01 $159,950 (3.3%) $210,604 (17.7%) 0.00 43
    2023-10-01 $177,475 (19.9%) $215,264 (29.3%) 0.00 42
    2023-11-01 $194,600 (49.8%) $219,559 (46.6%) 0.00 42
    2023-12-01 $189,000 (40.1%) $221,107 (45.2%) 0.00 39
    2024-01-01 $189,225 (35.2%) $204,092 (24.3%) 0.00 42
    2024-02-01 $198,875 (28.8%) $204,724 (15.2%) 0.00 33
    2024-03-01 $187,450 (-13.8%) $200,426 (-11.4%) 0.00 32
    2024-04-01 $181,213 (0.7%) $202,482 (-7.2%) 0.00 40
    2024-05-01 $224,925 (42.9%) $249,531 (29.5%) 0.00 34
    2024-06-01 $225,000 (22.0%) $236,882 (19.6%) 0.00 37
    2024-07-01 $189,675 (8.4%) $231,626 (15.2%) 0.00 38
    2024-08-01 $193,700 (13.1%) $242,005 (23.6%) 0.00 47
    2024-09-01 $238,675 (49.2%) $250,625 (19.0%) 0.00 60
    2024-10-01 $194,900 (9.8%) $232,890 (8.2%) 0.00 64
    2024-11-01 $190,000 (-2.4%) $226,057 (3.0%) 0.00 70
    Logansport's median listing price for 2024-11-01 was $190,000, a difference of $-4,600 (-2.4%) versus the prior year and $-4,900 versus the prior month.

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

    Logansport's average listing price for 2024-11-01 was $226,057, a difference of $6,498 (3.0%) versus the prior year and $-6,833 versus the prior month.

    For the 2024-11-01 period, Logansport had 70 MLS listings, a difference of 6 listings (9%) versus the prior month and 28 listings (67%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Logansport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,536 sqft
    2018-02-01 0 days 1,530 sqft
    2018-03-01 0 days 1,560 sqft
    2018-04-01 0 days 1,556 sqft
    2018-05-01 0 days 1,606 sqft
    2018-06-01 0 days 1,632 sqft
    2018-07-01 0 days 1,608 sqft
    2018-08-01 0 days 1,642 sqft
    2018-09-01 0 days 1,744 sqft
    2018-10-01 0 days 1,735 sqft
    2018-11-01 0 days 1,624 sqft
    2018-12-01 0 days 1,697 sqft
    2019-01-01 0 days 1,697 sqft
    2019-02-01 0 days 1,672 sqft
    2019-03-01 0 days 1,722 sqft
    2019-04-01 0 days 1,772 sqft
    2019-05-01 0 days 1,761 sqft
    2019-06-01 0 days 1,668 sqft
    2019-07-01 0 days 1,665 sqft
    2019-08-01 0 days 1,647 sqft
    2019-09-01 0 days 1,620 sqft
    2019-10-01 0 days 1,619 sqft
    2019-11-01 0 days 1,645 sqft
    2019-12-01 0 days 1,606 sqft
    2020-01-01 0 days 1,626 sqft
    2020-02-01 0 days 1,560 sqft
    2020-03-01 0 days 1,654 sqft
    2020-04-01 0 days 1,659 sqft
    2020-05-01 0 days 1,669 sqft
    2020-06-01 0 days 1,728 sqft
    2020-07-01 0 days 1,757 sqft
    2020-08-01 0 days 1,768 sqft
    2020-09-01 0 days 2,021 sqft
    2020-10-01 0 days 1,952 sqft
    2020-11-01 0 days 1,848 sqft
    2020-12-01 0 days 1,741 sqft
    2021-01-01 0 days 1,688 sqft
    2021-02-01 0 days 1,686 sqft
    2021-03-01 0 days 1,532 sqft
    2021-04-01 0 days 1,617 sqft
    2021-05-01 0 days 1,528 sqft
    2021-06-01 0 days 1,586 sqft
    2021-07-01 0 days 1,620 sqft
    2021-08-01 0 days 1,383 sqft
    2021-09-01 0 days 1,391 sqft
    2021-10-01 0 days 1,382 sqft
    2021-11-01 0 days 1,490 sqft
    2021-12-01 0 days 1,572 sqft
    2022-01-01 0 days 1,568 sqft
    2022-02-01 0 days 1,564 sqft
    2022-03-01 0 days 1,493 sqft
    2022-04-01 0 days 1,613 sqft
    2022-05-01 0 days 1,635 sqft
    2022-06-01 0 days 1,566 sqft
    2022-07-01 0 days 1,634 sqft
    2022-08-01 0 days 1,566 sqft
    2022-09-01 0 days 1,608 sqft
    2022-10-01 0 days 1,540 sqft
    2022-11-01 0 days 1,577 sqft
    2022-12-01 0 days 1,619 sqft
    2023-01-01 0 days 1,640 sqft
    2023-02-01 0 days 1,581 sqft
    2023-03-01 0 days 1,809 sqft
    2023-04-01 0 days 1,928 sqft
    2023-05-01 0 days 1,706 sqft
    2023-06-01 0 days 1,785 sqft
    2023-07-01 0 days 1,674 sqft
    2023-08-01 0 days 1,787 sqft
    2023-09-01 0 days 1,796 sqft
    2023-10-01 0 days 1,859 sqft
    2023-11-01 0 days 1,922 sqft
    2023-12-01 0 days 1,873 sqft
    2024-01-01 0 days 1,907 sqft
    2024-02-01 0 days 1,880 sqft
    2024-03-01 0 days 1,875 sqft
    2024-04-01 0 days 1,811 sqft
    2024-05-01 0 days 1,954 sqft
    2024-06-01 0 days 2,048 sqft
    2024-07-01 0 days 1,940 sqft
    2024-08-01 0 days 1,848 sqft
    2024-09-01 0 days 1,875 sqft
    2024-10-01 0 days 1,760 sqft
    2024-11-01 0 days 1,792 sqft
    Logansport's median listing age (time on market) for 2024-11-01 was 0 days.

    Logansport's median square footage for active listings during the 2024-11-01 period was 1,792 sqft. One year prior, the average listing was 1,922 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.