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 18 lenders originated 25 VA loans during 2023. The total origination value was $5,595,000, with an average VA loan value of $223,800.
North Vernon VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in North Vernon
averaged
7.38%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
North Vernon's average VA mortgage closing costs are $4,906.
The average rate for the prior week (2024-04-12) was
6.91% and
one month ago for the week of 2024-03-15, the
average rate was 7.07%.
The average rate one year ago was 6.46%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.66%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 3 | 6.75% | $3,961 |
| NAVY FEDERAL CREDIT UNION | 2 | 5.50% | $2,470 |
| RUOFF MORTGAGE COMPANY, INC. | 2 | 6.75% | $1,899 |
| GVC MORTGAGE, INC. | 2 | 7.31% | $8,290 |
| FREEDOM MORTGAGE CORPORATION | 2 | 6.75% | $11,287 |
| Nations Lending Corporation | 1 | 7.75% | $2,429 |
| NEWREZ LLC | 1 | 6.25% | $6,418 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 5.13% | $3,818 |
| Prosperity Home Mortgage, LLC | 1 | 6.50% | $10,506 |
| QUICKEN LOANS, LLC | 1 | 5.99% | $9,120 |
| ROYAL UNITED MORTGAGE LLC | 1 | 7.25% | $10,960 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.13% | $750 |
| AMERISAVE MORTGAGE CORPORATION | 1 | 7.25% | $10,239 |
| USAA Federal Savings Bank | 1 | 7.38% | $1,790 |
| Barrington Bank & Trust Company, N.A. | 1 | 6.75% | $5,396 |
| DIRECT MORTGAGE LOANS, LLC | 1 | 7.50% | $13,381 |
| LOANDEPOT.COM, LLC | 1 | 6.25% | $8,124 |
| Mr. Cooper ( Nationstar Mortgage ) | 1 | 5.50% | $6,279 |
The top North Vernon VA lender as defined by loan originations is Mortgage Research Center, LLC, with
3 VA loans originated. Their average total fees are
$3,961, which is $1,490
higher than the next largest lender,
NAVY FEDERAL CREDIT UNION.
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
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - North Vernon (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 | $99,475 (7.0%) | $116,076 (-9.7%) | 0.00 | 37 |
| 2018-02-01 | $99,900 (11.4%) | $120,717 (-0.3%) | 0.00 | 35 |
| 2018-03-01 | $104,750 (23.4%) | $122,652 (3.1%) | 0.00 | 34 |
| 2018-04-01 | $104,550 (24.1%) | $127,434 (5.0%) | 0.00 | 35 |
| 2018-05-01 | $109,950 (31.3%) | $131,320 (6.3%) | 0.00 | 42 |
| 2018-06-01 | $129,900 (46.0%) | $140,812 (6.0%) | 0.00 | 43 |
| 2018-07-01 | $116,750 (23.0%) | $139,819 (9.3%) | 0.00 | 39 |
| 2018-08-01 | $119,825 (21.1%) | $136,117 (3.5%) | 0.00 | 43 |
| 2018-09-01 | $124,700 (26.1%) | $146,158 (13.2%) | 0.00 | 46 |
| 2018-10-01 | $123,250 (25.5%) | $146,607 (19.2%) | 0.00 | 46 |
| 2018-11-01 | $124,700 (30.3%) | $150,319 (24.4%) | 0.00 | 41 |
| 2018-12-01 | $132,200 (33.6%) | $154,611 (21.4%) | 0.00 | 35 |
| 2019-01-01 | $142,175 (42.9%) | $165,532 (42.6%) | 0.00 | 32 |
| 2019-02-01 | $141,150 (41.3%) | $173,291 (43.6%) | 0.00 | 31 |
| 2019-03-01 | $133,850 (27.8%) | $168,606 (37.5%) | 0.00 | 34 |
| 2019-04-01 | $132,400 (26.6%) | $162,763 (27.7%) | 0.00 | 40 |
| 2019-05-01 | $138,975 (26.4%) | $160,922 (22.5%) | 0.00 | 47 |
| 2019-06-01 | $156,950 (20.8%) | $159,231 (13.1%) | 0.00 | 49 |
| 2019-07-01 | $143,475 (22.9%) | $168,686 (20.7%) | 0.00 | 46 |
| 2019-08-01 | $158,991 (32.7%) | $170,465 (25.2%) | 0.00 | 52 |
| 2019-09-01 | $142,627 (14.4%) | $165,054 (12.9%) | 0.00 | 59 |
| 2019-10-01 | $134,193 (8.9%) | $166,493 (13.6%) | 0.00 | 59 |
| 2019-11-01 | $139,900 (12.2%) | $173,619 (15.5%) | 0.00 | 46 |
| 2019-12-01 | $152,425 (15.3%) | $176,329 (14.1%) | 0.00 | 43 |
| 2020-01-01 | $129,675 (-8.8%) | $169,788 (2.6%) | 0.00 | 39 |
| 2020-02-01 | $151,000 (7.0%) | $177,271 (2.3%) | 0.00 | 34 |
| 2020-03-01 | $126,125 (-5.8%) | $160,706 (-4.7%) | 0.00 | 34 |
| 2020-04-01 | $133,650 (0.9%) | $167,374 (2.8%) | 0.00 | 31 |
| 2020-05-01 | $129,900 (-6.5%) | $179,962 (11.8%) | 0.00 | 23 |
| 2020-06-01 | $122,925 (-21.7%) | $184,393 (15.8%) | 0.00 | 24 |
| 2020-07-01 | $166,400 (16.0%) | $259,758 (54.0%) | 0.00 | 22 |
| 2020-08-01 | $169,000 (6.3%) | $256,975 (50.8%) | 0.00 | 24 |
| 2020-09-01 | $171,425 (20.2%) | $258,183 (56.4%) | 0.00 | 28 |
| 2020-10-01 | $194,900 (45.2%) | $251,651 (51.2%) | 0.00 | 29 |
| 2020-11-01 | $194,900 (39.3%) | $199,104 (14.7%) | 0.00 | 30 |
| 2020-12-01 | $168,000 (10.2%) | $182,725 (3.6%) | 0.00 | 27 |
| 2021-01-01 | $160,000 (23.4%) | $183,627 (8.2%) | 0.00 | 25 |
| 2021-02-01 | $139,325 (-7.7%) | $167,849 (-5.3%) | 0.00 | 21 |
| 2021-03-01 | $159,875 (26.8%) | $173,987 (8.3%) | 0.00 | 17 |
| 2021-04-01 | $134,750 (0.8%) | $162,219 (-3.1%) | 0.00 | 16 |
| 2021-05-01 | $126,250 (-2.8%) | $161,345 (-10.3%) | 0.00 | 15 |
| 2021-06-01 | $145,350 (18.2%) | $186,956 (1.4%) | 0.00 | 15 |
| 2021-07-01 | $162,500 (-2.3%) | $215,306 (-17.1%) | 0.00 | 15 |
| 2021-08-01 | $184,950 (9.4%) | $231,614 (-9.9%) | 0.00 | 22 |
| 2021-09-01 | $177,400 (3.5%) | $220,158 (-14.7%) | 0.00 | 27 |
| 2021-10-01 | $169,900 (-12.8%) | $201,439 (-20.0%) | 0.00 | 25 |
| 2021-11-01 | $148,150 (-24.0%) | $189,139 (-5.0%) | 0.00 | 27 |
| 2021-12-01 | $154,900 (-7.8%) | $193,599 (6.0%) | 0.00 | 25 |
| 2022-01-01 | $179,900 (12.4%) | $187,615 (2.2%) | 0.00 | 22 |
| 2022-02-01 | $169,900 (22.0%) | $205,140 (22.2%) | 0.00 | 18 |
| 2022-03-01 | $156,400 (-2.2%) | $201,808 (16.0%) | 0.00 | 14 |
| 2022-04-01 | $124,900 (-7.3%) | $165,017 (1.7%) | 0.00 | 13 |
| 2022-05-01 | $203,725 (61.4%) | $215,940 (33.8%) | 0.00 | 15 |
| 2022-06-01 | $239,000 (64.4%) | $241,448 (29.2%) | 0.00 | 22 |
| 2022-07-01 | $229,900 (41.5%) | $245,678 (14.1%) | 0.00 | 27 |
| 2022-08-01 | $238,150 (28.8%) | $276,409 (19.3%) | 0.00 | 30 |
| 2022-09-01 | $266,213 (50.1%) | $285,980 (29.9%) | 0.00 | 29 |
| 2022-10-01 | $259,900 (53.0%) | $267,766 (32.9%) | 0.00 | 28 |
| 2022-11-01 | $247,450 (67.0%) | $295,014 (56.0%) | 0.00 | 27 |
| 2022-12-01 | $247,500 (59.8%) | $303,207 (56.6%) | 0.00 | 22 |
| 2023-01-01 | $200,000 (11.2%) | $265,360 (41.4%) | 0.00 | 22 |
| 2023-02-01 | $205,000 (20.7%) | $269,435 (31.3%) | 0.00 | 18 |
| 2023-03-01 | $207,400 (32.6%) | $277,088 (37.3%) | 0.00 | 15 |
| 2023-04-01 | $207,450 (66.1%) | $286,561 (73.7%) | 0.00 | 13 |
| 2023-05-01 | $206,225 (1.2%) | $253,220 (17.3%) | 0.00 | 20 |
| 2023-06-01 | $189,925 (-20.5%) | $229,736 (-4.9%) | 0.00 | 21 |
| 2023-07-01 | $179,900 (-21.8%) | $225,915 (-8.0%) | 0.00 | 15 |
| 2023-08-01 | $189,950 (-20.2%) | $220,685 (-20.2%) | 0.00 | 21 |
| 2023-09-01 | $194,450 (-27.0%) | $236,824 (-17.2%) | 0.00 | 34 |
| 2023-10-01 | $194,950 (-25.0%) | $260,669 (-2.7%) | 0.00 | 42 |
| 2023-11-01 | $211,175 (-14.7%) | $279,947 (-5.1%) | 0.00 | 30 |
| 2023-12-01 | $219,900 (-11.2%) | $289,490 (-4.5%) | 0.00 | 35 |
| 2024-01-01 | $207,425 (3.7%) | $281,418 (6.1%) | 0.00 | 33 |
| 2024-02-01 | $235,500 (14.9%) | $290,174 (7.7%) | 0.00 | 31 |
| 2024-03-01 | $224,500 (8.2%) | $293,932 (6.1%) | 0.00 | 32 |
North Vernon's median listing price comes in at 0% of the national average.
North Vernon's average listing price for 2024-03-01 was $293,932, a difference of $16,844 (6.1%) versus the prior year and $3,758 versus the prior month.
For the 2024-03-01 period, North Vernon had 32 MLS listings, a difference of 1 listings (3%) versus the prior month and 17 listings (113%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - North Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,873 sqft |
| 2018-02-01 | 0 days | 1,898 sqft |
| 2018-03-01 | 0 days | 1,944 sqft |
| 2018-04-01 | 0 days | 1,752 sqft |
| 2018-05-01 | 0 days | 1,754 sqft |
| 2018-06-01 | 0 days | 1,782 sqft |
| 2018-07-01 | 0 days | 1,852 sqft |
| 2018-08-01 | 0 days | 1,886 sqft |
| 2018-09-01 | 0 days | 1,863 sqft |
| 2018-10-01 | 0 days | 1,770 sqft |
| 2018-11-01 | 0 days | 1,803 sqft |
| 2018-12-01 | 0 days | 1,896 sqft |
| 2019-01-01 | 0 days | 1,957 sqft |
| 2019-02-01 | 0 days | 1,892 sqft |
| 2019-03-01 | 0 days | 1,915 sqft |
| 2019-04-01 | 0 days | 1,941 sqft |
| 2019-05-01 | 0 days | 1,872 sqft |
| 2019-06-01 | 0 days | 1,886 sqft |
| 2019-07-01 | 0 days | 1,924 sqft |
| 2019-08-01 | 0 days | 1,925 sqft |
| 2019-09-01 | 0 days | 1,916 sqft |
| 2019-10-01 | 0 days | 1,904 sqft |
| 2019-11-01 | 0 days | 1,852 sqft |
| 2019-12-01 | 0 days | 1,920 sqft |
| 2020-01-01 | 0 days | 1,845 sqft |
| 2020-02-01 | 0 days | 1,884 sqft |
| 2020-03-01 | 0 days | 1,768 sqft |
| 2020-04-01 | 0 days | 1,732 sqft |
| 2020-05-01 | 0 days | 1,748 sqft |
| 2020-06-01 | 0 days | 1,841 sqft |
| 2020-07-01 | 0 days | 1,991 sqft |
| 2020-08-01 | 0 days | 1,903 sqft |
| 2020-09-01 | 0 days | 1,839 sqft |
| 2020-10-01 | 0 days | 1,840 sqft |
| 2020-11-01 | 0 days | 1,755 sqft |
| 2020-12-01 | 0 days | 1,829 sqft |
| 2021-01-01 | 0 days | 1,998 sqft |
| 2021-02-01 | 0 days | 1,967 sqft |
| 2021-03-01 | 0 days | 1,690 sqft |
| 2021-04-01 | 0 days | 1,736 sqft |
| 2021-05-01 | 0 days | 1,632 sqft |
| 2021-06-01 | 0 days | 1,685 sqft |
| 2021-07-01 | 0 days | 1,900 sqft |
| 2021-08-01 | 0 days | 1,804 sqft |
| 2021-09-01 | 0 days | 1,849 sqft |
| 2021-10-01 | 0 days | 1,702 sqft |
| 2021-11-01 | 0 days | 1,477 sqft |
| 2021-12-01 | 0 days | 1,536 sqft |
| 2022-01-01 | 0 days | 1,548 sqft |
| 2022-02-01 | 0 days | 1,561 sqft |
| 2022-03-01 | 0 days | 1,716 sqft |
| 2022-04-01 | 0 days | 1,554 sqft |
| 2022-05-01 | 0 days | 1,583 sqft |
| 2022-06-01 | 0 days | 1,741 sqft |
| 2022-07-01 | 0 days | 1,676 sqft |
| 2022-08-01 | 0 days | 1,866 sqft |
| 2022-09-01 | 0 days | 1,946 sqft |
| 2022-10-01 | 0 days | 1,833 sqft |
| 2022-11-01 | 0 days | 1,835 sqft |
| 2022-12-01 | 0 days | 1,812 sqft |
| 2023-01-01 | 0 days | 1,583 sqft |
| 2023-02-01 | 0 days | 1,518 sqft |
| 2023-03-01 | 0 days | 1,500 sqft |
| 2023-04-01 | 0 days | 1,628 sqft |
| 2023-05-01 | 0 days | 1,549 sqft |
| 2023-06-01 | 0 days | 1,507 sqft |
| 2023-07-01 | 0 days | 1,506 sqft |
| 2023-08-01 | 0 days | 1,520 sqft |
| 2023-09-01 | 0 days | 1,486 sqft |
| 2023-10-01 | 0 days | 1,496 sqft |
| 2023-11-01 | 0 days | 1,622 sqft |
| 2023-12-01 | 0 days | 1,792 sqft |
| 2024-01-01 | 0 days | 1,897 sqft |
| 2024-02-01 | 0 days | 2,222 sqft |
| 2024-03-01 | 0 days | 1,836 sqft |
North Vernon's median square footage for active listings during the 2024-03-01 period was 1,836 sqft. One year prior, the average listing was 1,500 sqft.