North Vernon VA Loan Rates, Closing Costs & Stats
North Vernon, 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.
North Vernon's 19 lenders originated 35 VA loans during 2024. The total origination value was $8,415,000, with an average VA loan value of $240,429.
North Vernon VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in North Vernon
averaged
0.69%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
North Vernon's average VA mortgage closing costs are $5,081.
The average rate for the prior week (2025-06-13) was
6.84% and
one month ago for the week of 2025-05-16, the
average rate was 7%.
The average rate one year ago was 6.8%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.1%.
North Vernon 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 North Vernon level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 9 | 6.53% | $4,376 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 6.83% | $8,845 |
| PENNYMAC LOAN SERVICES, LLC | 3 | 5.71% | $3,424 |
| FREEDOM MORTGAGE CORPORATION | 3 | 6.29% | $2,508 |
| First Financial Bank | 2 | 6.69% | $5,171 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.50% | $9,283 |
| LOANPAL, LLC | 1 | 6.50% | $22,785 |
| PLANET HOME LENDING, LLC | 1 | 5.38% | $4,459 |
| PLAZA HOME MORTGAGE, INC. | 1 | 7.25% | $3,959 |
| QUICKEN LOANS, LLC | 1 | 5.50% | $17,208 |
| The Federal Savings Bank | 1 | 7.00% | $2,535 |
| VILLAGE CAPITAL MORTGAGE | 1 | 5.75% | $2,292 |
| Carrington Mortgage Services, LLC | 1 | 6.13% | $1,924 |
| Wolfe Financial, Inc | 1 | 6.75% | $1,895 |
| DIRECT MORTGAGE LOANS, LLC | 1 | 7.13% | $8,097 |
| GENEVA FINANCIAL, LLC | 1 | 6.88% | $3,746 |
| GVC MORTGAGE, INC. | 1 | 5.75% | $17,568 |
| HALLMARK HOME MORTGAGE, LLC | 1 | 7.75% | $2,949 |
| INTERLINC MORTGAGE SERVICES, LLC | 1 | 7.25% | $5,878 |
The top North Vernon VA lender as defined by loan originations is Mortgage Research Center, LLC, with
9 VA loans originated. Their average total fees are
$4,376, which is $4,469
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee North Vernon VA lenders (with over 10 loans originated) are
.
The lowest rate North Vernon VA lenders (with over 10 loans originated) are
.