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 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
6.19%
for the week of 2024-10-11, compared to the national average (all VA variants) of
5.854% for the same period.
Logansport's average VA mortgage closing costs are $4,169.
The average rate for the prior week (2024-10-04) was
6.36% and
one month ago for the week of 2024-09-06, the
average rate was 6.25%.
The average rate one year ago was 7.62%.
For refis of the same type during the week of 2024-10-11, the average rate
was 5.85%.
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. LouisDate | 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 |
Logansport's median listing price comes in at 0% of the national average.
Logansport's average listing price for 2024-09-01 was $250,625, a difference of $40,021 (19.0%) versus the prior year and $8,620 versus the prior month.
For the 2024-09-01 period, Logansport had 60 MLS listings, a difference of 13 listings (28%) versus the prior month and 17 listings (40%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Logansport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Logansport's median square footage for active listings during the 2024-09-01 period was 1,875 sqft. One year prior, the average listing was 1,796 sqft.