Logansport VA Loan Rates, Closing Costs & Stats

Logansport, 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.

Logansport's 19 lenders originated 41 VA loans during 2022. The total origination value was $7,685,000, with an average VA loan value of $187,439.

Logansport VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Logansport averaged -0.02% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Logansport's average VA mortgage closing costs are $3,703.

The average rate for the prior week (2024-02-16) was 6.65% and one month ago for the week of 2024-01-19, the average rate was 6.61%.

The average rate one year ago was 6.42%.

For refis of the same type during the week of 2024-02-23, the average rate was 0.2%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 8 5.06% $3,874
MOVEMENT MORTGAGE, LLC 5 5.25% $4,578
PLAZA HOME MORTGAGE, INC. 3 5.13% $10,891
NEW DAY FINANCIAL, LLC 3 4.58% $3,997
UNITED WHOLESALE MORTGAGE, LLC 2 5.06% $5,774
USAA Federal Savings Bank 2 5.13% $2,706
QUICKEN LOANS, LLC 2 6.25% $6,982
RUOFF MORTGAGE COMPANY, INC. 2 5.75% $3,159
BROKER SOLUTIONS, INC. 2 4.81% $10,242
STOCKTON MORTGAGE CORPORATION 1 4.63% $6,333
Mr. Cooper ( Nationstar Mortgage ) 1 5.25% $7,665
CALIBER HOME LOANS, INC. 1 5.75% $10,486
First Federal Bank 1 6.49% $3,571
Flagstar Bank, FSB 1 3.75% $9,204
GVC MORTGAGE, INC. 1 3.63% $5,646
LOANDEPOT.COM, LLC 1 2.75% $4,412
AMERIFIRST FINANCIAL CORPORATION 1 5.25% $12,375
NAVY FEDERAL CREDIT UNION 1 4.88% $1,619
PENNYMAC LOAN SERVICES, LLC 1 3.25% $2,723

The top Logansport VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8 VA loans originated. Their average total fees are $3,874, which is $704 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

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

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


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 $75,000 (17.5%) $94,024 (18.1%) 0.00 114
2018-03-01 $75,000 (11.1%) $94,960 (13.4%) 0.00 92
2018-04-01 $83,000 (20.3%) $98,863 (12.8%) 0.00 104
2018-05-01 $83,500 (15.3%) $102,748 (13.6%) 0.00 109
2018-06-01 $87,700 (16.2%) $108,481 (14.3%) 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 (14.9%) $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 (52.0%) 0.00 81
2019-05-01 $106,475 (27.5%) $146,455 (42.5%) 0.00 80
2019-06-01 $109,450 (24.8%) $143,308 (32.1%) 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 $153,925 (58.7%) $161,663 (32.9%) 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 (-26.2%) $124,854 (-22.8%) 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 $138,075 (70.2%) $177,910 (52.1%) 0.00 22
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 $143,325 (33.4%) $186,369 (19.6%) 0.00 30
2022-07-01 $142,500 (58.5%) $177,322 (44.4%) 0.00 49
2022-08-01 $148,000 (82.2%) $183,125 (75.8%) 0.00 59
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 (57.5%) $226,251 (27.2%) 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 (28.7%) $198,109 (6.3%) 0.00 32
2023-07-01 $175,000 (22.8%) $200,997 (13.4%) 0.00 35
2023-08-01 $171,249 (15.7%) $195,824 (6.9%) 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
Logansport's median listing price for 2023-12-01 was $189,000, a difference of $54,100 (40.1%) versus the prior year and $-5,600 versus the prior month.

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

Logansport's average listing price for 2023-12-01 was $221,107, a difference of $68,838 (45.2%) versus the prior year and $1,548 versus the prior month.

For the 2023-12-01 period, Logansport had 39 MLS listings, a difference of -3 listings (-7%) versus the prior month and -5 listings (-11%) 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 1,574 sqft
2018-04-01 0 days 1,567 sqft
2018-05-01 0 days 1,610 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 1,859 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 1,503 sqft
2022-04-01 0 days 1,613 sqft
2022-05-01 0 days 1,635 sqft
2022-06-01 0 days 1,564 sqft
2022-07-01 0 days 1,627 sqft
2022-08-01 0 days 1,561 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
Logansport's median listing age (time on market) for 2023-12-01 was 0 days.

Logansport's median square footage for active listings during the 2023-12-01 period was 1,873 sqft. One year prior, the average listing was 1,619 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.