New Castle VA Loan Rates, Closing Costs & Stats

New Castle, 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.

New Castle's 27 lenders originated 85 VA loans during 2024. The total origination value was $18,705,000, with an average VA loan value of $220,059.

New Castle VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in New Castle averaged 6.97% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

New Castle's average VA mortgage closing costs are $4,562.

The average rate for the prior week (2025-05-16) was 6.95% and one month ago for the week of 2025-04-18, the average rate was 7.12%.

The average rate one year ago was 7.04%.

For refis of the same type during the week of 2025-05-23, the average rate was 7.11%.

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

New Castle 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 New Castle level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 32 6.40% $3,316
FREEDOM MORTGAGE CORPORATION 8 6.42% $9,537
NEWREZ LLC 4 6.75% $6,991
QUICKEN LOANS, LLC 4 6.37% $11,311
UNITED WHOLESALE MORTGAGE, LLC 4 5.69% $9,391
PENNYMAC LOAN SERVICES, LLC 4 5.50% $4,119
NEW DAY FINANCIAL, LLC 3 6.95% $4,347
LOANDEPOT.COM, LLC 2 6.31% $20,711
UNION HOME MORTGAGE CORP. 2 6.63% $5,934
LAKEVIEW LOAN SERVICING, LLC 1 6.63% $5,106
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $3,409
PLAZA HOME MORTGAGE, INC. 1 5.99% $3,277
PNC Bank 1 6.75% $1,952
STOCKTON MORTGAGE CORPORATION 1 6.75% $4,025
The Federal Savings Bank 1 5.75% $19,212
TOWNE MORTGAGE COMPANY 1 6.75% $2,672
USAA Federal Savings Bank 1 6.75% $6,629
American Mortgage Bank, LLC 1 7.25% $575
VILLAGE CAPITAL MORTGAGE 1 5.99% $1,117
AMERISAVE MORTGAGE CORPORATION 1 5.75% $25,235
BROKER SOLUTIONS, INC. 1 6.75% $2,521
CALCON MUTUAL MORTGAGE LLC 1 6.63% $10,060
Carrington Mortgage Services, LLC 1 7.13% $4,643
CMG MORTGAGE, INC. 1 7.00% $8,835
CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $5,150
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $2,778
GVC MORTGAGE, INC. 1 6.13% $1,524

The top New Castle VA lender as defined by loan originations is Mortgage Research Center, LLC, with 32 VA loans originated. Their average total fees are $3,316, which is $6,220 lower than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee New Castle VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,316), .

The lowest rate New Castle VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.40%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - New Castle (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 $70,650 (1.0%) $102,083 (0.5%) 0.00 156
2018-02-01 $76,150 (13.7%) $100,343 (6.8%) 0.00 156
2018-03-01 $79,000 (13.8%) $108,225 (12.2%) 0.00 156
2018-04-01 $72,925 (2.4%) $115,215 (19.3%) 0.00 133
2018-05-01 $69,900 (-6.7%) $111,794 (8.2%) 0.00 141
2018-06-01 $75,000 (-6.1%) $138,432 (18.6%) 0.00 155
2018-07-01 $84,975 (-3.3%) $130,427 (8.6%) 0.00 176
2018-08-01 $91,900 (0.8%) $137,016 (10.2%) 0.00 165
2018-09-01 $94,633 (5.3%) $137,177 (7.8%) 0.00 171
2018-10-01 $91,767 (10.4%) $137,388 (13.1%) 0.00 155
2018-11-01 $78,342 (-4.7%) $129,009 (7.2%) 0.00 147
2018-12-01 $74,900 (7.2%) $117,149 (10.5%) 0.00 140
2019-01-01 $79,900 (13.1%) $121,369 (18.9%) 0.00 129
2019-02-01 $83,200 (9.3%) $116,825 (16.4%) 0.00 133
2019-03-01 $73,571 (-6.9%) $109,341 (1.0%) 0.00 132
2019-04-01 $73,071 (0.2%) $112,613 (-2.3%) 0.00 130
2019-05-01 $80,400 (15.0%) $119,577 (7.0%) 0.00 120
2019-06-01 $77,900 (3.9%) $115,126 (-16.8%) 0.00 119
2019-07-01 $69,900 (-17.7%) $106,886 (-18.1%) 0.00 123
2019-08-01 $75,109 (-18.3%) $110,817 (-19.1%) 0.00 131
2019-09-01 $82,923 (-12.4%) $117,119 (-14.6%) 0.00 141
2019-10-01 $89,000 (-3.0%) $122,928 (-10.5%) 0.00 152
2019-11-01 $89,000 (13.6%) $125,946 (-2.4%) 0.00 164
2019-12-01 $89,225 (19.1%) $126,367 (7.9%) 0.00 150
2020-01-01 $89,900 (12.5%) $126,654 (4.4%) 0.00 139
2020-02-01 $79,990 (-3.9%) $119,932 (2.7%) 0.00 119
2020-03-01 $85,000 (15.5%) $128,391 (17.4%) 0.00 101
2020-04-01 $75,175 (2.9%) $116,564 (3.5%) 0.00 86
2020-05-01 $79,745 (-0.8%) $128,934 (7.8%) 0.00 67
2020-06-01 $93,600 (20.2%) $131,312 (14.1%) 0.00 55
2020-07-01 $98,800 (41.3%) $151,046 (41.3%) 0.00 62
2020-08-01 $79,990 (6.5%) $141,502 (27.7%) 0.00 54
2020-09-01 $107,175 (29.3%) $134,947 (15.2%) 0.00 57
2020-10-01 $85,000 (-4.5%) $125,129 (1.8%) 0.00 79
2020-11-01 $89,400 (0.5%) $120,902 (-4.0%) 0.00 75
2020-12-01 $87,150 (-2.3%) $114,108 (-9.7%) 0.00 73
2021-01-01 $79,000 (-12.1%) $115,692 (-8.7%) 0.00 73
2021-02-01 $82,175 (2.7%) $117,137 (-2.3%) 0.00 63
2021-03-01 $212,470 (150.0%) $188,787 (47.0%) 0.00 68
2021-04-01 $224,420 (198.5%) $206,296 (77.0%) 0.00 66
2021-05-01 $239,990 (201.0%) $226,376 (75.6%) 0.00 59
2021-06-01 $247,648 (164.6%) $220,794 (68.1%) 0.00 65
2021-07-01 $248,990 (152.0%) $226,958 (50.3%) 0.00 70
2021-08-01 $194,450 (143.1%) $216,598 (53.1%) 0.00 88
2021-09-01 $205,000 (91.3%) $227,684 (68.7%) 0.00 90
2021-10-01 $179,900 (111.7%) $209,378 (67.3%) 0.00 101
2021-11-01 $173,723 (94.3%) $202,331 (67.4%) 0.00 97
2021-12-01 $180,725 (107.4%) $212,164 (85.9%) 0.00 85
2022-01-01 $154,950 (96.1%) $205,699 (77.8%) 0.00 73
2022-02-01 $163,725 (99.2%) $217,369 (85.6%) 0.00 65
2022-03-01 $209,725 (-1.3%) $222,455 (17.8%) 0.00 63
2022-04-01 $220,000 (-2.0%) $241,417 (17.0%) 0.00 63
2022-05-01 $301,500 (25.6%) $254,786 (12.6%) 0.00 64
2022-06-01 $263,409 (6.4%) $248,332 (12.5%) 0.00 71
2022-07-01 $250,000 (0.4%) $241,716 (6.5%) 0.00 78
2022-08-01 $231,225 (18.9%) $253,927 (17.2%) 0.00 83
2022-09-01 $248,700 (21.3%) $254,906 (12.0%) 0.00 90
2022-10-01 $235,000 (30.6%) $252,652 (20.7%) 0.00 91
2022-11-01 $217,400 (25.1%) $247,231 (22.2%) 0.00 84
2022-12-01 $250,000 (38.3%) $246,355 (16.1%) 0.00 72
2023-01-01 $236,725 (52.8%) $723,315 (251.6%) 0.00 68
2023-02-01 $236,725 (44.6%) $253,183 (16.5%) 0.00 66
2023-03-01 $239,675 (14.3%) $258,082 (16.0%) 0.00 70
2023-04-01 $257,450 (17.0%) $257,402 (6.6%) 0.00 59
2023-05-01 $293,650 (-2.6%) $276,840 (8.7%) 0.00 67
2023-06-01 $290,999 (10.5%) $264,462 (6.5%) 0.00 64
2023-07-01 $264,000 (5.6%) $254,487 (5.3%) 0.00 68
2023-08-01 $224,675 (-2.8%) $248,708 (-2.1%) 0.00 85
2023-09-01 $248,450 (-0.1%) $247,327 (-3.0%) 0.00 91
2023-10-01 $242,475 (3.2%) $248,928 (-1.5%) 0.00 89
2023-11-01 $260,975 (20.0%) $259,803 (5.1%) 0.00 99
2023-12-01 $249,900 (0.0%) $266,781 (8.3%) 0.00 107
2024-01-01 $259,900 (9.8%) $276,170 (-61.8%) 0.00 99
2024-02-01 $281,800 (19.0%) $285,722 (12.9%) 0.00 97
2024-03-01 $296,846 (23.9%) $290,269 (12.5%) 0.00 84
2024-04-01 $305,873 (18.8%) $301,938 (17.3%) 0.00 74
2024-05-01 $309,158 (5.3%) $303,428 (9.6%) 0.00 69
2024-06-01 $289,900 (-0.4%) $295,045 (11.6%) 0.00 78
2024-07-01 $262,025 (-0.8%) $286,371 (12.5%) 0.00 87
2024-08-01 $239,900 (6.8%) $279,483 (12.4%) 0.00 106
2024-09-01 $232,450 (-6.4%) $278,583 (12.6%) 0.00 110
2024-10-01 $229,900 (-5.2%) $267,017 (7.3%) 0.00 118
2024-11-01 $197,900 (-24.2%) $237,599 (-8.6%) 0.00 118
2024-12-01 $207,000 (-17.2%) $240,177 (-10.0%) 0.00 104
2025-01-01 $193,700 (-25.5%) $232,776 (-15.7%) 0.00 84
2025-02-01 $199,400 (-29.2%) $233,621 (-18.2%) 0.00 82
2025-03-01 $199,999 (-32.6%) $228,024 (-21.4%) 0.00 76
2025-04-01 $211,750 (-30.8%) $246,754 (-18.3%) 0.00 74
New Castle's median listing price for 2025-04-01 was $211,750, a difference of $-94,123 (-30.8%) versus the prior year and $11,751 versus the prior month.

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

New Castle's average listing price for 2025-04-01 was $246,754, a difference of $-55,184 (-18.3%) versus the prior year and $18,730 versus the prior month.

For the 2025-04-01 period, New Castle had 74 MLS listings, a difference of -2 listings (-3%) versus the prior month and 0 listings (0%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - New Castle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,820 sqft
2018-02-01 0 days 1,755 sqft
2018-03-01 0 days 1,757 sqft
2018-04-01 0 days 1,723 sqft
2018-05-01 0 days 1,754 sqft
2018-06-01 0 days 1,824 sqft
2018-07-01 0 days 1,898 sqft
2018-08-01 0 days 1,923 sqft
2018-09-01 0 days 1,970 sqft
2018-10-01 0 days 1,900 sqft
2018-11-01 0 days 1,873 sqft
2018-12-01 0 days 1,866 sqft
2019-01-01 0 days 1,802 sqft
2019-02-01 0 days 1,730 sqft
2019-03-01 0 days 1,668 sqft
2019-04-01 0 days 1,648 sqft
2019-05-01 0 days 1,617 sqft
2019-06-01 0 days 1,659 sqft
2019-07-01 0 days 1,561 sqft
2019-08-01 0 days 1,638 sqft
2019-09-01 0 days 1,614 sqft
2019-10-01 0 days 1,604 sqft
2019-11-01 0 days 1,648 sqft
2019-12-01 0 days 1,643 sqft
2020-01-01 0 days 1,625 sqft
2020-02-01 0 days 1,652 sqft
2020-03-01 0 days 1,655 sqft
2020-04-01 0 days 1,674 sqft
2020-05-01 0 days 1,810 sqft
2020-06-01 0 days 1,920 sqft
2020-07-01 0 days 2,046 sqft
2020-08-01 0 days 1,987 sqft
2020-09-01 0 days 1,979 sqft
2020-10-01 0 days 1,632 sqft
2020-11-01 0 days 1,607 sqft
2020-12-01 0 days 1,603 sqft
2021-01-01 0 days 1,582 sqft
2021-02-01 0 days 1,594 sqft
2021-03-01 0 days 1,752 sqft
2021-04-01 0 days 1,761 sqft
2021-05-01 0 days 1,761 sqft
2021-06-01 0 days 1,775 sqft
2021-07-01 0 days 1,842 sqft
2021-08-01 0 days 1,973 sqft
2021-09-01 0 days 1,830 sqft
2021-10-01 0 days 1,812 sqft
2021-11-01 0 days 1,774 sqft
2021-12-01 0 days 1,775 sqft
2022-01-01 0 days 1,775 sqft
2022-02-01 0 days 1,775 sqft
2022-03-01 0 days 1,815 sqft
2022-04-01 0 days 1,775 sqft
2022-05-01 0 days 2,051 sqft
2022-06-01 0 days 1,906 sqft
2022-07-01 0 days 1,944 sqft
2022-08-01 0 days 1,790 sqft
2022-09-01 0 days 1,838 sqft
2022-10-01 0 days 1,809 sqft
2022-11-01 0 days 1,775 sqft
2022-12-01 0 days 1,896 sqft
2023-01-01 0 days 1,775 sqft
2023-02-01 0 days 1,785 sqft
2023-03-01 0 days 1,876 sqft
2023-04-01 0 days 1,775 sqft
2023-05-01 0 days 1,860 sqft
2023-06-01 0 days 1,856 sqft
2023-07-01 0 days 1,775 sqft
2023-08-01 0 days 1,775 sqft
2023-09-01 0 days 1,792 sqft
2023-10-01 0 days 1,812 sqft
2023-11-01 0 days 1,862 sqft
2023-12-01 0 days 1,880 sqft
2024-01-01 0 days 1,935 sqft
2024-02-01 0 days 2,074 sqft
2024-03-01 0 days 2,100 sqft
2024-04-01 0 days 2,120 sqft
2024-05-01 0 days 2,131 sqft
2024-06-01 0 days 2,158 sqft
2024-07-01 0 days 1,936 sqft
2024-08-01 0 days 1,850 sqft
2024-09-01 0 days 1,858 sqft
2024-10-01 0 days 1,884 sqft
2024-11-01 0 days 1,794 sqft
2024-12-01 0 days 1,747 sqft
2025-01-01 0 days 1,744 sqft
2025-02-01 0 days 1,747 sqft
2025-03-01 0 days 1,775 sqft
2025-04-01 0 days 1,772 sqft
New Castle's median listing age (time on market) for 2025-04-01 was 0 days.

New Castle's median square footage for active listings during the 2025-04-01 period was 1,772 sqft. One year prior, the average listing was 2,120 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.