Peru VA Loan Rates, Closing Costs & Stats

Peru, IN

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Peru's 28 lenders originated 69 VA loans during 2024. The total origination value was $14,265,000, with an average VA loan value of $206,739.

    Peru VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Peru averaged 6.89% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Peru's average VA mortgage closing costs are $4,038.

    The average rate for the prior week (2025-03-28) was 6.91% and one month ago for the week of 2025-02-28, the average rate was 6.69%.

    The average rate one year ago was 7.2%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.26%.

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

    Peru 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 Peru level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 19 6.76% $2,782
    UNITED WHOLESALE MORTGAGE, LLC 6 6.12% $7,287
    MOVEMENT MORTGAGE, LLC 5 6.63% $8,808
    NEW DAY FINANCIAL, LLC 4 7.43% $5,789
    FREEDOM MORTGAGE CORPORATION 3 6.08% $10,825
    DIRECT MORTGAGE LOANS, LLC 3 7.00% $5,221
    STOCKTON MORTGAGE CORPORATION 3 6.71% $4,514
    GVC MORTGAGE, INC. 2 6.25% $5,595
    QUICKEN LOANS, LLC 2 6.06% $9,608
    RUOFF MORTGAGE COMPANY, INC. 2 6.94% $6,984
    MJW Financial LLC 2 6.50% $2,575
    PLANET HOME LENDING, LLC 1 5.49% $4,671
    PLAZA HOME MORTGAGE, INC. 1 7.25% $3,546
    PNC Bank 1 6.88% $1,863
    SUN WEST MORTGAGE COMPANY, INC. 1 5.38% $5,364
    The Federal Savings Bank 1 6.63% $11,307
    American Mortgage & Equity Consultants, Inc. 1 7.13% $7,582
    VILLAGE CAPITAL MORTGAGE 1 5.75% $19,352
    CROSSCOUNTRY MORTGAGE, LLC 1 5.63% $6,182
    Flagstar Bank, FSB 1 7.25% $1,138
    Flanagan State Bank 1 7.13% $4,679
    Ixonia Bank 1 6.75% $1,519
    KeyBank 1 5.38% $2,375
    LOANDEPOT.COM, LLC 1 5.75% $3,715
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.13% $4,828
    NAVY FEDERAL CREDIT UNION 1 6.00% $684
    NEWREZ LLC 1 6.25% $6,367
    PENNYMAC LOAN SERVICES, LLC 1 5.49% $9,308

    The top Peru VA lender as defined by loan originations is Mortgage Research Center, LLC, with 19 VA loans originated. Their average total fees are $2,782, which is $4,505 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Peru VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($2,782), .

    The lowest rate Peru VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.76%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Peru (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 $69,900 (-0.8%) $97,000 (19.7%) 0.00 102
    2018-02-01 $69,900 (7.7%) $99,266 (29.6%) 0.00 94
    2018-03-01 $79,900 (12.6%) $110,841 (30.1%) 0.00 90
    2018-04-01 $85,075 (16.9%) $113,468 (29.6%) 0.00 93
    2018-05-01 $83,558 (21.6%) $135,062 (49.4%) 0.00 87
    2018-06-01 $81,000 (8.9%) $151,068 (59.2%) 0.00 86
    2018-07-01 $80,800 (7.9%) $145,180 (54.0%) 0.00 102
    2018-08-01 $87,475 (10.4%) $140,764 (33.0%) 0.00 110
    2018-09-01 $76,900 (2.5%) $134,837 (19.7%) 0.00 107
    2018-10-01 $85,650 (14.3%) $138,300 (24.6%) 0.00 108
    2018-11-01 $82,400 (15.8%) $138,313 (27.6%) 0.00 107
    2018-12-01 $82,400 (17.9%) $134,955 (43.7%) 0.00 101
    2019-01-01 $83,075 (18.9%) $133,295 (37.4%) 0.00 95
    2019-02-01 $84,700 (21.2%) $130,780 (31.8%) 0.00 100
    2019-03-01 $81,600 (2.1%) $146,253 (32.0%) 0.00 84
    2019-04-01 $77,750 (-8.6%) $133,453 (17.6%) 0.00 70
    2019-05-01 $74,075 (-11.4%) $105,528 (-21.9%) 0.00 66
    2019-06-01 $84,900 (4.8%) $111,522 (-26.2%) 0.00 71
    2019-07-01 $87,700 (8.5%) $108,166 (-25.5%) 0.00 70
    2019-08-01 $88,491 (1.2%) $108,635 (-22.8%) 0.00 76
    2019-09-01 $88,327 (14.9%) $111,117 (-17.6%) 0.00 81
    2019-10-01 $88,493 (3.3%) $111,853 (-19.1%) 0.00 85
    2019-11-01 $79,000 (-4.1%) $108,303 (-21.7%) 0.00 85
    2019-12-01 $79,450 (-3.6%) $109,689 (-18.7%) 0.00 77
    2020-01-01 $86,950 (4.7%) $112,538 (-15.6%) 0.00 80
    2020-02-01 $89,900 (6.1%) $109,767 (-16.1%) 0.00 74
    2020-03-01 $89,900 (10.2%) $109,046 (-25.4%) 0.00 64
    2020-04-01 $88,425 (13.7%) $105,015 (-21.3%) 0.00 53
    2020-05-01 $89,450 (20.8%) $134,796 (27.7%) 0.00 49
    2020-06-01 $76,200 (-10.3%) $119,275 (7.0%) 0.00 39
    2020-07-01 $74,900 (-14.6%) $113,198 (4.7%) 0.00 39
    2020-08-01 $87,200 (-1.5%) $117,308 (8.0%) 0.00 39
    2020-09-01 $96,975 (9.8%) $122,553 (10.3%) 0.00 41
    2020-10-01 $99,900 (12.9%) $138,336 (23.7%) 0.00 48
    2020-11-01 $112,900 (42.9%) $139,693 (29.0%) 0.00 44
    2020-12-01 $111,400 (40.2%) $151,500 (38.1%) 0.00 43
    2021-01-01 $112,900 (29.8%) $145,977 (29.7%) 0.00 38
    2021-02-01 $134,900 (50.1%) $171,092 (55.9%) 0.00 33
    2021-03-01 $131,150 (45.9%) $174,998 (60.5%) 0.00 28
    2021-04-01 $122,400 (38.4%) $184,968 (76.1%) 0.00 24
    2021-05-01 $122,400 (36.8%) $203,345 (50.9%) 0.00 19
    2021-06-01 $124,900 (63.9%) $198,785 (66.7%) 0.00 20
    2021-07-01 $108,950 (45.5%) $156,922 (38.6%) 0.00 36
    2021-08-01 $112,450 (29.0%) $154,742 (31.9%) 0.00 34
    2021-09-01 $112,400 (15.9%) $146,002 (19.1%) 0.00 36
    2021-10-01 $129,000 (29.1%) $172,430 (24.7%) 0.00 44
    2021-11-01 $111,900 (-0.9%) $164,738 (17.9%) 0.00 47
    2021-12-01 $114,675 (2.9%) $167,311 (10.4%) 0.00 45
    2022-01-01 $99,500 (-11.9%) $153,232 (5.0%) 0.00 42
    2022-02-01 $124,950 (-7.4%) $172,815 (1.0%) 0.00 43
    2022-03-01 $127,675 (-2.7%) $181,802 (3.9%) 0.00 31
    2022-04-01 $118,950 (-2.8%) $167,802 (-9.3%) 0.00 34
    2022-05-01 $130,725 (6.8%) $184,548 (-9.2%) 0.00 39
    2022-06-01 $135,050 (8.1%) $186,488 (-6.2%) 0.00 38
    2022-07-01 $143,450 (31.7%) $183,570 (17.0%) 0.00 55
    2022-08-01 $140,075 (24.6%) $161,942 (4.7%) 0.00 55
    2022-09-01 $129,350 (15.1%) $150,809 (3.3%) 0.00 60
    2022-10-01 $119,900 (-7.1%) $139,238 (-19.3%) 0.00 60
    2022-11-01 $122,925 (9.9%) $133,729 (-18.8%) 0.00 50
    2022-12-01 $119,900 (4.6%) $137,485 (-17.8%) 0.00 51
    2023-01-01 $121,150 (21.8%) $146,218 (-4.6%) 0.00 46
    2023-02-01 $118,175 (-5.4%) $148,079 (-14.3%) 0.00 36
    2023-03-01 $126,250 (-1.1%) $154,502 (-15.0%) 0.00 31
    2023-04-01 $135,900 (14.3%) $179,527 (7.0%) 0.00 27
    2023-05-01 $178,200 (36.3%) $198,530 (7.6%) 0.00 28
    2023-06-01 $183,675 (36.0%) $206,321 (10.6%) 0.00 29
    2023-07-01 $164,900 (15.0%) $205,908 (12.2%) 0.00 35
    2023-08-01 $141,150 (0.8%) $188,145 (16.2%) 0.00 38
    2023-09-01 $149,000 (15.2%) $180,835 (19.9%) 0.00 40
    2023-10-01 $144,450 (20.5%) $177,918 (27.8%) 0.00 49
    2023-11-01 $137,600 (11.9%) $166,105 (24.2%) 0.00 52
    2023-12-01 $129,900 (8.3%) $166,227 (20.9%) 0.00 48
    2024-01-01 $138,675 (14.5%) $165,774 (13.4%) 0.00 43
    2024-02-01 $135,950 (15.0%) $163,532 (10.4%) 0.00 41
    2024-03-01 $144,900 (14.8%) $174,307 (12.8%) 0.00 38
    2024-04-01 $136,200 (0.2%) $161,666 (-10.0%) 0.00 31
    2024-05-01 $144,900 (-18.7%) $170,600 (-14.1%) 0.00 29
    2024-06-01 $157,000 (-14.5%) $182,515 (-11.5%) 0.00 30
    2024-07-01 $177,200 (7.5%) $190,417 (-7.5%) 0.00 37
    2024-08-01 $175,000 (24.0%) $230,183 (22.3%) 0.00 38
    2024-09-01 $179,925 (20.8%) $231,291 (27.9%) 0.00 44
    2024-10-01 $174,650 (20.9%) $220,637 (24.0%) 0.00 60
    2024-11-01 $164,900 (19.8%) $218,090 (31.3%) 0.00 57
    2024-12-01 $174,450 (34.3%) $226,135 (36.0%) 0.00 53
    2025-01-01 $188,675 (36.1%) $263,277 (58.8%) 0.00 54
    2025-02-01 $182,475 (34.2%) $269,497 (64.8%) 0.00 51
    2025-03-01 $169,900 (17.3%) $258,474 (48.3%) 0.00 48
    Peru's median listing price for 2025-03-01 was $169,900, a difference of $25,000 (17.3%) versus the prior year and $-12,575 versus the prior month.

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

    Peru's average listing price for 2025-03-01 was $258,474, a difference of $84,167 (48.3%) versus the prior year and $-11,023 versus the prior month.

    For the 2025-03-01 period, Peru had 48 MLS listings, a difference of -3 listings (-6%) versus the prior month and 10 listings (26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Peru (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,565 sqft
    2018-02-01 0 days 1,579 sqft
    2018-03-01 0 days 1,620 sqft
    2018-04-01 0 days 1,665 sqft
    2018-05-01 0 days 1,612 sqft
    2018-06-01 0 days 1,654 sqft
    2018-07-01 0 days 1,628 sqft
    2018-08-01 0 days 1,632 sqft
    2018-09-01 0 days 1,608 sqft
    2018-10-01 0 days 1,742 sqft
    2018-11-01 0 days 1,723 sqft
    2018-12-01 0 days 1,672 sqft
    2019-01-01 0 days 1,672 sqft
    2019-02-01 0 days 1,630 sqft
    2019-03-01 0 days 1,583 sqft
    2019-04-01 0 days 1,482 sqft
    2019-05-01 0 days 1,479 sqft
    2019-06-01 0 days 1,495 sqft
    2019-07-01 0 days 1,470 sqft
    2019-08-01 0 days 1,488 sqft
    2019-09-01 0 days 1,508 sqft
    2019-10-01 0 days 1,522 sqft
    2019-11-01 0 days 1,533 sqft
    2019-12-01 0 days 1,530 sqft
    2020-01-01 0 days 1,568 sqft
    2020-02-01 0 days 1,549 sqft
    2020-03-01 0 days 1,476 sqft
    2020-04-01 0 days 1,487 sqft
    2020-05-01 0 days 1,490 sqft
    2020-06-01 0 days 1,504 sqft
    2020-07-01 0 days 1,478 sqft
    2020-08-01 0 days 1,520 sqft
    2020-09-01 0 days 1,480 sqft
    2020-10-01 0 days 1,638 sqft
    2020-11-01 0 days 1,748 sqft
    2020-12-01 0 days 1,714 sqft
    2021-01-01 0 days 1,660 sqft
    2021-02-01 0 days 1,773 sqft
    2021-03-01 0 days 1,770 sqft
    2021-04-01 0 days 1,694 sqft
    2021-05-01 0 days 1,756 sqft
    2021-06-01 0 days 1,747 sqft
    2021-07-01 0 days 1,628 sqft
    2021-08-01 0 days 1,675 sqft
    2021-09-01 0 days 1,678 sqft
    2021-10-01 0 days 1,756 sqft
    2021-11-01 0 days 1,597 sqft
    2021-12-01 0 days 1,496 sqft
    2022-01-01 0 days 1,432 sqft
    2022-02-01 0 days 1,502 sqft
    2022-03-01 0 days 1,502 sqft
    2022-04-01 0 days 1,500 sqft
    2022-05-01 0 days 1,478 sqft
    2022-06-01 0 days 1,608 sqft
    2022-07-01 0 days 1,796 sqft
    2022-08-01 0 days 1,717 sqft
    2022-09-01 0 days 1,726 sqft
    2022-10-01 0 days 1,664 sqft
    2022-11-01 0 days 1,672 sqft
    2022-12-01 0 days 1,708 sqft
    2023-01-01 0 days 1,717 sqft
    2023-02-01 0 days 1,709 sqft
    2023-03-01 0 days 1,702 sqft
    2023-04-01 0 days 1,493 sqft
    2023-05-01 0 days 1,727 sqft
    2023-06-01 0 days 1,850 sqft
    2023-07-01 0 days 1,806 sqft
    2023-08-01 0 days 1,645 sqft
    2023-09-01 0 days 1,684 sqft
    2023-10-01 0 days 1,606 sqft
    2023-11-01 0 days 1,570 sqft
    2023-12-01 0 days 1,546 sqft
    2024-01-01 0 days 1,574 sqft
    2024-02-01 0 days 1,514 sqft
    2024-03-01 0 days 1,472 sqft
    2024-04-01 0 days 1,454 sqft
    2024-05-01 0 days 1,522 sqft
    2024-06-01 0 days 1,618 sqft
    2024-07-01 0 days 1,671 sqft
    2024-08-01 0 days 1,703 sqft
    2024-09-01 0 days 1,735 sqft
    2024-10-01 0 days 1,752 sqft
    2024-11-01 0 days 1,764 sqft
    2024-12-01 0 days 1,786 sqft
    2025-01-01 0 days 1,813 sqft
    2025-02-01 0 days 1,727 sqft
    2025-03-01 0 days 1,554 sqft
    Peru's median listing age (time on market) for 2025-03-01 was 0 days.

    Peru's median square footage for active listings during the 2025-03-01 period was 1,554 sqft. One year prior, the average listing was 1,472 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.