Muncie VA Loan Rates, Closing Costs & Stats

MUNCIE, 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.

    Muncie's 42 lenders originated 167 VA loans during 2024. The total origination value was $35,635,000, with an average VA loan value of $213,383.

    Muncie VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Muncie averaged 6.66% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Muncie's average VA mortgage closing costs are $4,266.

    The average rate for the prior week (2025-03-28) was 6.98% and one month ago for the week of 2025-02-28, the average rate was 6.95%.

    The average rate one year ago was 7.06%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.6%.

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

    Muncie 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 Muncie level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 40 6.64% $4,152
    RUOFF MORTGAGE COMPANY, INC. 16 6.93% $3,699
    QUICKEN LOANS, LLC 13 6.23% $5,835
    FREEDOM MORTGAGE CORPORATION 8 6.08% $8,982
    GVC MORTGAGE, INC. 7 6.77% $3,453
    UNITED WHOLESALE MORTGAGE, LLC 7 5.71% $4,311
    USAA Federal Savings Bank 6 5.90% $11,832
    NEW DAY FINANCIAL, LLC 6 7.41% $7,648
    NEWREZ LLC 4 6.13% $3,466
    CALCON MUTUAL MORTGAGE LLC 4 6.81% $3,876
    PENNYMAC LOAN SERVICES, LLC 3 5.88% $4,967
    UNION HOME MORTGAGE CORP. 3 6.25% $4,760
    NAVY FEDERAL CREDIT UNION 3 5.92% $1,611
    HOMESIDE FINANCIAL, LLC 3 6.33% $2,906
    SUN WEST MORTGAGE COMPANY, INC. 2 6.10% $2,763
    Northwest Bank 2 6.50% $2,979
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.44% $5,407
    HALLMARK HOME MORTGAGE, LLC 2 6.19% $3,966
    MJW Financial LLC 2 6.25% $8,343
    Prosperity Home Mortgage, LLC 1 5.99% $10,456
    Servion, Inc. 1 7.13% $2,287
    STOCKTON MORTGAGE CORPORATION 1 7.25% $3,938
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $14,429
    VILLAGE CAPITAL MORTGAGE 1 6.25% $2,891
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $8,409
    Barrington Bank & Trust Company, N.A. 1 5.75% $5,509
    BROKER SOLUTIONS, INC. 1 7.25% $7,364
    CMG MORTGAGE, INC. 1 7.63% $11,072
    CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $13,803
    DAS Acquisition Company, LLC 1 7.25% $1,095
    Farmers Bank & Trust 1 6.13% $1,594
    FORUM Credit Union 1 7.13% $2,287
    GUARANTEED RATE, INC. 1 6.18% $7,848
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.50% $955
    JPMorgan Chase Bank 1 7.25% $8,415
    LOANDEPOT.COM, LLC 1 6.99% $8,728
    MEMBER FIRST MORTGAGE, LLC 1 7.13% $2,819
    MILESTONE HOME LENDING, LLC 1 7.75% $4,674
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $100
    OPEN MORTGAGE, LLC 1 7.75% $3,187
    PHH Mortgage Corporation 1 7.13% $3,358
    PLAZA HOME MORTGAGE, INC. 1 6.13% $7,798

    The top Muncie VA lender as defined by loan originations is Mortgage Research Center, LLC, with 40 VA loans originated. Their average total fees are $4,152, which is $452 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Muncie VA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($3,699), Mortgage Research Center, LLC ($4,152), QUICKEN LOANS, LLC ($5,835), .

    The lowest rate Muncie VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.23%), Mortgage Research Center, LLC (6.64%), RUOFF MORTGAGE COMPANY, INC. (6.93%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Muncie (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 $74,900 (1.0%) $112,806 (-1.1%) 0.00 363
    2018-02-01 $74,900 (7.2%) $117,880 (1.5%) 0.00 348
    2018-03-01 $74,900 (4.7%) $126,601 (8.0%) 0.00 330
    2018-04-01 $77,444 (6.2%) $142,299 (22.0%) 0.00 313
    2018-05-01 $89,925 (23.3%) $146,861 (23.3%) 0.00 346
    2018-06-01 $88,194 (11.7%) $143,176 (12.7%) 0.00 369
    2018-07-01 $89,900 (11.1%) $141,504 (8.4%) 0.00 387
    2018-08-01 $87,322 (4.5%) $142,802 (-1.8%) 0.00 405
    2018-09-01 $85,000 (-0.5%) $138,709 (-12.3%) 0.00 435
    2018-10-01 $87,925 (4.6%) $140,051 (-11.2%) 0.00 416
    2018-11-01 $85,175 (5.7%) $140,101 (-11.1%) 0.00 405
    2018-12-01 $79,900 (6.7%) $136,042 (13.8%) 0.00 387
    2019-01-01 $79,900 (6.7%) $133,094 (18.0%) 0.00 368
    2019-02-01 $79,900 (6.7%) $127,795 (8.4%) 0.00 352
    2019-03-01 $82,686 (10.4%) $134,346 (6.1%) 0.00 345
    2019-04-01 $87,150 (12.5%) $142,940 (0.5%) 0.00 345
    2019-05-01 $98,675 (9.7%) $149,283 (1.7%) 0.00 343
    2019-06-01 $105,000 (19.1%) $153,534 (7.2%) 0.00 350
    2019-07-01 $107,400 (19.5%) $163,182 (15.3%) 0.00 355
    2019-08-01 $118,536 (35.8%) $162,873 (14.1%) 0.00 371
    2019-09-01 $116,491 (37.1%) $158,220 (14.1%) 0.00 379
    2019-10-01 $113,450 (29.0%) $152,810 (9.1%) 0.00 378
    2019-11-01 $109,900 (29.0%) $144,891 (3.4%) 0.00 375
    2019-12-01 $99,900 (25.0%) $140,825 (3.5%) 0.00 336
    2020-01-01 $100,723 (26.1%) $141,730 (6.5%) 0.00 302
    2020-02-01 $94,400 (18.2%) $140,808 (10.2%) 0.00 267
    2020-03-01 $90,438 (9.4%) $140,663 (4.7%) 0.00 246
    2020-04-01 $81,400 (-6.6%) $137,777 (-3.6%) 0.00 237
    2020-05-01 $88,000 (-10.8%) $159,458 (6.8%) 0.00 193
    2020-06-01 $81,175 (-22.7%) $159,972 (4.2%) 0.00 161
    2020-07-01 $111,425 (3.8%) $178,876 (9.6%) 0.00 146
    2020-08-01 $110,000 (-7.2%) $175,809 (7.9%) 0.00 158
    2020-09-01 $112,400 (-3.5%) $166,349 (5.1%) 0.00 200
    2020-10-01 $103,900 (-8.4%) $157,104 (2.8%) 0.00 236
    2020-11-01 $95,525 (-13.1%) $153,051 (5.6%) 0.00 237
    2020-12-01 $78,838 (-21.1%) $140,566 (-0.2%) 0.00 205
    2021-01-01 $68,950 (-31.5%) $136,035 (-4.0%) 0.00 187
    2021-02-01 $63,900 (-32.3%) $139,396 (-1.0%) 0.00 139
    2021-03-01 $59,900 (-33.8%) $137,791 (-2.0%) 0.00 115
    2021-04-01 $63,475 (-22.0%) $127,887 (-7.2%) 0.00 108
    2021-05-01 $67,000 (-23.9%) $132,118 (-17.2%) 0.00 116
    2021-06-01 $89,150 (9.8%) $158,170 (-1.1%) 0.00 134
    2021-07-01 $115,900 (4.0%) $173,918 (-2.8%) 0.00 169
    2021-08-01 $122,450 (11.3%) $172,663 (-1.8%) 0.00 168
    2021-09-01 $124,900 (11.1%) $166,224 (-0.1%) 0.00 170
    2021-10-01 $119,900 (15.4%) $154,827 (-1.5%) 0.00 162
    2021-11-01 $123,700 (29.5%) $153,934 (0.6%) 0.00 144
    2021-12-01 $129,900 (64.8%) $163,246 (16.1%) 0.00 135
    2022-01-01 $132,900 (92.8%) $153,079 (12.5%) 0.00 115
    2022-02-01 $107,500 (68.2%) $145,211 (4.2%) 0.00 74
    2022-03-01 $119,450 (99.4%) $161,852 (17.5%) 0.00 82
    2022-04-01 $111,250 (75.3%) $163,836 (28.1%) 0.00 91
    2022-05-01 $131,250 (95.9%) $180,972 (37.0%) 0.00 108
    2022-06-01 $128,900 (44.6%) $192,920 (22.0%) 0.00 133
    2022-07-01 $130,000 (12.2%) $202,990 (16.7%) 0.00 148
    2022-08-01 $135,000 (10.3%) $198,691 (15.1%) 0.00 156
    2022-09-01 $134,975 (8.1%) $188,366 (13.3%) 0.00 169
    2022-10-01 $164,900 (37.5%) $191,702 (23.8%) 0.00 181
    2022-11-01 $172,425 (39.4%) $196,495 (27.7%) 0.00 185
    2022-12-01 $170,000 (30.9%) $196,398 (20.3%) 0.00 151
    2023-01-01 $167,400 (26.0%) $188,741 (23.3%) 0.00 122
    2023-02-01 $149,500 (39.1%) $191,549 (31.9%) 0.00 103
    2023-03-01 $139,975 (17.2%) $196,106 (21.2%) 0.00 89
    2023-04-01 $134,950 (21.3%) $196,927 (20.2%) 0.00 91
    2023-05-01 $125,950 (-4.0%) $192,490 (6.4%) 0.00 94
    2023-06-01 $128,675 (-0.2%) $194,018 (0.6%) 0.00 111
    2023-07-01 $134,900 (3.8%) $186,569 (-8.1%) 0.00 138
    2023-08-01 $152,500 (13.0%) $200,226 (0.8%) 0.00 151
    2023-09-01 $154,950 (14.8%) $189,193 (0.4%) 0.00 171
    2023-10-01 $152,450 (-7.6%) $187,034 (-2.4%) 0.00 182
    2023-11-01 $158,975 (-7.8%) $188,300 (-4.2%) 0.00 201
    2023-12-01 $152,450 (-10.3%) $189,758 (-3.4%) 0.00 218
    2024-01-01 $163,450 (-2.4%) $199,008 (5.4%) 0.00 200
    2024-02-01 $161,200 (7.8%) $195,946 (2.3%) 0.00 185
    2024-03-01 $163,450 (16.8%) $193,472 (-1.3%) 0.00 168
    2024-04-01 $148,550 (10.1%) $187,516 (-4.8%) 0.00 151
    2024-05-01 $154,075 (22.3%) $196,427 (2.1%) 0.00 141
    2024-06-01 $169,900 (32.0%) $207,731 (7.1%) 0.00 150
    2024-07-01 $180,700 (34.0%) $224,673 (20.4%) 0.00 165
    2024-08-01 $177,000 (16.1%) $230,829 (15.3%) 0.00 174
    2024-09-01 $184,900 (19.3%) $237,498 (25.5%) 0.00 185
    2024-10-01 $160,375 (5.2%) $207,655 (11.0%) 0.00 217
    2024-11-01 $163,950 (3.1%) $206,413 (9.6%) 0.00 222
    2024-12-01 $169,900 (11.5%) $215,869 (13.8%) 0.00 206
    2025-01-01 $152,925 (-6.4%) $211,934 (6.5%) 0.00 195
    2025-02-01 $159,950 (-0.8%) $218,431 (11.5%) 0.00 174
    2025-03-01 $155,000 (-5.2%) $222,604 (15.1%) 0.00 169
    Muncie's median listing price for 2025-03-01 was $155,000, a difference of $-8,450 (-5.2%) versus the prior year and $-4,950 versus the prior month.

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

    Muncie's average listing price for 2025-03-01 was $222,604, a difference of $29,132 (15.1%) versus the prior year and $4,173 versus the prior month.

    For the 2025-03-01 period, Muncie had 169 MLS listings, a difference of -5 listings (-3%) versus the prior month and 1 listings (1%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Muncie (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,522 sqft
    2018-02-01 0 days 1,525 sqft
    2018-03-01 0 days 1,537 sqft
    2018-04-01 0 days 1,580 sqft
    2018-05-01 0 days 1,735 sqft
    2018-06-01 0 days 1,735 sqft
    2018-07-01 0 days 1,722 sqft
    2018-08-01 0 days 1,665 sqft
    2018-09-01 0 days 1,609 sqft
    2018-10-01 0 days 1,612 sqft
    2018-11-01 0 days 1,612 sqft
    2018-12-01 0 days 1,617 sqft
    2019-01-01 0 days 1,527 sqft
    2019-02-01 0 days 1,497 sqft
    2019-03-01 0 days 1,492 sqft
    2019-04-01 0 days 1,527 sqft
    2019-05-01 0 days 1,547 sqft
    2019-06-01 0 days 1,579 sqft
    2019-07-01 0 days 1,611 sqft
    2019-08-01 0 days 1,623 sqft
    2019-09-01 0 days 1,616 sqft
    2019-10-01 0 days 1,610 sqft
    2019-11-01 0 days 1,599 sqft
    2019-12-01 0 days 1,588 sqft
    2020-01-01 0 days 1,569 sqft
    2020-02-01 0 days 1,560 sqft
    2020-03-01 0 days 1,487 sqft
    2020-04-01 0 days 1,458 sqft
    2020-05-01 0 days 1,464 sqft
    2020-06-01 0 days 1,464 sqft
    2020-07-01 0 days 1,584 sqft
    2020-08-01 0 days 1,658 sqft
    2020-09-01 0 days 1,617 sqft
    2020-10-01 0 days 1,567 sqft
    2020-11-01 0 days 1,503 sqft
    2020-12-01 0 days 1,465 sqft
    2021-01-01 0 days 1,407 sqft
    2021-02-01 0 days 1,400 sqft
    2021-03-01 0 days 1,298 sqft
    2021-04-01 0 days 1,357 sqft
    2021-05-01 0 days 1,393 sqft
    2021-06-01 0 days 1,551 sqft
    2021-07-01 0 days 1,632 sqft
    2021-08-01 0 days 1,602 sqft
    2021-09-01 0 days 1,604 sqft
    2021-10-01 0 days 1,594 sqft
    2021-11-01 0 days 1,581 sqft
    2021-12-01 0 days 1,538 sqft
    2022-01-01 0 days 1,584 sqft
    2022-02-01 0 days 1,576 sqft
    2022-03-01 0 days 1,603 sqft
    2022-04-01 0 days 1,694 sqft
    2022-05-01 0 days 1,769 sqft
    2022-06-01 0 days 1,721 sqft
    2022-07-01 0 days 1,703 sqft
    2022-08-01 0 days 1,796 sqft
    2022-09-01 0 days 1,751 sqft
    2022-10-01 0 days 1,728 sqft
    2022-11-01 0 days 1,769 sqft
    2022-12-01 0 days 1,684 sqft
    2023-01-01 0 days 1,609 sqft
    2023-02-01 0 days 1,642 sqft
    2023-03-01 0 days 1,609 sqft
    2023-04-01 0 days 1,728 sqft
    2023-05-01 0 days 1,588 sqft
    2023-06-01 0 days 1,658 sqft
    2023-07-01 0 days 1,580 sqft
    2023-08-01 0 days 1,793 sqft
    2023-09-01 0 days 1,758 sqft
    2023-10-01 0 days 1,798 sqft
    2023-11-01 0 days 1,742 sqft
    2023-12-01 0 days 1,741 sqft
    2024-01-01 0 days 1,802 sqft
    2024-02-01 0 days 1,750 sqft
    2024-03-01 0 days 1,695 sqft
    2024-04-01 0 days 1,636 sqft
    2024-05-01 0 days 1,709 sqft
    2024-06-01 0 days 1,686 sqft
    2024-07-01 0 days 1,780 sqft
    2024-08-01 0 days 1,711 sqft
    2024-09-01 0 days 1,720 sqft
    2024-10-01 0 days 1,638 sqft
    2024-11-01 0 days 1,600 sqft
    2024-12-01 0 days 1,569 sqft
    2025-01-01 0 days 1,537 sqft
    2025-02-01 0 days 1,640 sqft
    2025-03-01 0 days 1,630 sqft
    Muncie's median listing age (time on market) for 2025-03-01 was 0 days.

    Muncie's median square footage for active listings during the 2025-03-01 period was 1,630 sqft. One year prior, the average listing was 1,695 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.