Plymouth VA Loan Rates, Closing Costs & Stats

Plymouth, 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.

    Plymouth's 13 lenders originated 28 VA loans during 2023. The total origination value was $6,820,000, with an average VA loan value of $243,571.

    Plymouth VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Plymouth averaged 7.32% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Plymouth's average VA mortgage closing costs are $4,720.

    The average rate for the prior week (2024-04-12) was 7.25% and one month ago for the week of 2024-03-15, the average rate was 6.91%.

    The average rate one year ago was 6.5%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Plymouth 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 Plymouth level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 11 6.32% $7,721
    QUICKEN LOANS, LLC 2 5.68% $12,619
    UNITED WHOLESALE MORTGAGE, LLC 2 5.63% $7,895
    JPMorgan Chase Bank 2 6.00% $2,650
    Prosperity Home Mortgage, LLC 1 5.50% $9,011
    RUOFF MORTGAGE COMPANY, INC. 1 7.25% $14,989
    Sierra Pacific Mortgage Company, Inc. 1 5.00% $8,854
    TEACHERS CREDIT UNION 1 6.75% $2,895
    HALLMARK HOME MORTGAGE, LLC 1 7.25% $6,024
    USAA Federal Savings Bank 1 5.50% $3,844
    Magnolia Bank 1 6.88% $15,316
    Mid-Continent Funding, Inc. 1 6.25% $4,138
    NAVY FEDERAL CREDIT UNION 1 5.25% $1,931

    The top Plymouth VA lender as defined by loan originations is Mortgage Research Center, LLC, with 11 VA loans originated. Their average total fees are $7,721, which is $4,897 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Plymouth VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,721), .

    The lowest rate Plymouth VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.32%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Plymouth (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 $179,900 (0.5%) $269,590 (4.5%) 0.00 161
    2018-02-01 $199,250 (11.3%) $279,629 (8.2%) 0.00 150
    2018-03-01 $199,000 (8.8%) $284,904 (9.2%) 0.00 162
    2018-04-01 $212,500 (8.5%) $278,873 (0.2%) 0.00 185
    2018-05-01 $211,375 (9.2%) $273,799 (-1.6%) 0.00 207
    2018-06-01 $199,900 (12.0%) $274,626 (4.2%) 0.00 208
    2018-07-01 $187,950 (2.4%) $273,329 (5.9%) 0.00 213
    2018-08-01 $182,975 (0.0%) $266,470 (5.0%) 0.00 218
    2018-09-01 $176,500 (-1.7%) $260,945 (2.6%) 0.00 214
    2018-10-01 $175,000 (-1.2%) $256,046 (-4.9%) 0.00 198
    2018-11-01 $177,975 (1.7%) $262,323 (-4.3%) 0.00 179
    2018-12-01 $182,450 (1.4%) $267,387 (-6.9%) 0.00 159
    2019-01-01 $179,900 (0.0%) $255,881 (-5.1%) 0.00 152
    2019-02-01 $182,450 (-8.4%) $263,874 (-5.6%) 0.00 160
    2019-03-01 $197,814 (-0.6%) $282,656 (-0.8%) 0.00 160
    2019-04-01 $217,400 (2.3%) $298,454 (7.0%) 0.00 160
    2019-05-01 $235,500 (11.4%) $317,774 (16.1%) 0.00 160
    2019-06-01 $225,000 (12.6%) $331,525 (20.7%) 0.00 182
    2019-07-01 $225,975 (20.2%) $321,919 (17.8%) 0.00 179
    2019-08-01 $218,082 (19.2%) $313,440 (17.6%) 0.00 177
    2019-09-01 $207,855 (17.8%) $303,960 (16.5%) 0.00 175
    2019-10-01 $194,900 (11.4%) $287,796 (12.4%) 0.00 172
    2019-11-01 $194,200 (9.1%) $281,239 (7.2%) 0.00 169
    2019-12-01 $198,925 (9.0%) $284,659 (6.5%) 0.00 164
    2020-01-01 $188,450 (4.8%) $277,839 (8.6%) 0.00 149
    2020-02-01 $179,500 (-1.6%) $277,838 (5.3%) 0.00 127
    2020-03-01 $189,500 (-4.2%) $283,671 (0.4%) 0.00 123
    2020-04-01 $191,325 (-12.0%) $283,625 (-5.0%) 0.00 129
    2020-05-01 $216,750 (-8.0%) $312,949 (-1.5%) 0.00 109
    2020-06-01 $242,400 (7.7%) $377,877 (14.0%) 0.00 100
    2020-07-01 $247,450 (9.5%) $357,048 (10.9%) 0.00 77
    2020-08-01 $221,500 (1.6%) $366,530 (16.9%) 0.00 73
    2020-09-01 $206,696 (-0.6%) $329,564 (8.4%) 0.00 77
    2020-10-01 $205,000 (5.2%) $317,959 (10.5%) 0.00 83
    2020-11-01 $205,000 (5.6%) $318,680 (13.3%) 0.00 72
    2020-12-01 $197,575 (-0.7%) $313,432 (10.1%) 0.00 71
    2021-01-01 $192,450 (2.1%) $594,771 (114.1%) 0.00 61
    2021-02-01 $215,617 (20.1%) $731,035 (163.1%) 0.00 48
    2021-03-01 $246,725 (30.2%) $864,150 (204.6%) 0.00 40
    2021-04-01 $242,175 (26.6%) $814,389 (187.1%) 0.00 40
    2021-05-01 $242,000 (11.7%) $802,364 (156.4%) 0.00 41
    2021-06-01 $246,000 (1.5%) $726,530 (92.3%) 0.00 51
    2021-07-01 $270,000 (9.1%) $631,966 (77.0%) 0.00 64
    2021-08-01 $267,500 (20.8%) $648,307 (76.9%) 0.00 65
    2021-09-01 $248,500 (20.2%) $652,749 (98.1%) 0.00 65
    2021-10-01 $234,500 (14.4%) $657,198 (106.7%) 0.00 61
    2021-11-01 $237,225 (15.7%) $638,480 (100.4%) 0.00 69
    2021-12-01 $238,000 (20.5%) $663,629 (111.7%) 0.00 66
    2022-01-01 $242,250 (25.9%) $786,383 (32.2%) 0.00 51
    2022-02-01 $290,000 (34.5%) $1,004,048 (37.4%) 0.00 41
    2022-03-01 $276,000 (11.9%) $869,959 (0.7%) 0.00 46
    2022-04-01 $292,450 (20.8%) $876,482 (7.6%) 0.00 41
    2022-05-01 $297,250 (22.8%) $721,202 (-10.1%) 0.00 57
    2022-06-01 $379,850 (54.4%) $762,111 (4.9%) 0.00 63
    2022-07-01 $299,700 (11.0%) $648,346 (2.6%) 0.00 74
    2022-08-01 $301,425 (12.7%) $636,703 (-1.8%) 0.00 70
    2022-09-01 $299,500 (20.5%) $607,819 (-6.9%) 0.00 77
    2022-10-01 $294,900 (25.8%) $588,024 (-10.5%) 0.00 79
    2022-11-01 $289,250 (21.9%) $589,729 (-7.6%) 0.00 77
    2022-12-01 $289,000 (21.4%) $628,631 (-5.3%) 0.00 69
    2023-01-01 $276,150 (14.0%) $378,076 (-51.9%) 0.00 58
    2023-02-01 $256,225 (-11.7%) $377,178 (-62.4%) 0.00 50
    2023-03-01 $270,925 (-1.8%) $462,748 (-46.8%) 0.00 58
    2023-04-01 $269,900 (-7.7%) $440,603 (-49.7%) 0.00 55
    2023-05-01 $329,900 (11.0%) $530,198 (-26.5%) 0.00 52
    2023-06-01 $281,800 (-25.8%) $463,253 (-39.2%) 0.00 66
    2023-07-01 $332,450 (10.9%) $421,501 (-35.0%) 0.00 66
    2023-08-01 $288,450 (-4.3%) $392,682 (-38.3%) 0.00 72
    2023-09-01 $299,700 (0.1%) $404,613 (-33.4%) 0.00 83
    2023-10-01 $321,250 (8.9%) $407,421 (-30.7%) 0.00 89
    2023-11-01 $324,950 (12.3%) $384,956 (-34.7%) 0.00 84
    2023-12-01 $310,000 (7.3%) $368,501 (-41.4%) 0.00 77
    2024-01-01 $299,600 (8.5%) $359,622 (-4.9%) 0.00 74
    2024-02-01 $299,500 (16.9%) $357,517 (-5.2%) 0.00 76
    2024-03-01 $299,900 (10.7%) $362,519 (-21.7%) 0.00 70
    Plymouth's median listing price for 2024-03-01 was $299,900, a difference of $28,975 (10.7%) versus the prior year and $400 versus the prior month.

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

    Plymouth's average listing price for 2024-03-01 was $362,519, a difference of $-100,229 (-21.7%) versus the prior year and $5,002 versus the prior month.

    For the 2024-03-01 period, Plymouth had 70 MLS listings, a difference of -6 listings (-8%) versus the prior month and 12 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Plymouth (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,881 sqft
    2018-02-01 0 days 1,955 sqft
    2018-03-01 0 days 1,954 sqft
    2018-04-01 0 days 1,950 sqft
    2018-05-01 0 days 1,957 sqft
    2018-06-01 0 days 2,010 sqft
    2018-07-01 0 days 1,957 sqft
    2018-08-01 0 days 1,881 sqft
    2018-09-01 0 days 1,846 sqft
    2018-10-01 0 days 1,802 sqft
    2018-11-01 0 days 1,805 sqft
    2018-12-01 0 days 1,816 sqft
    2019-01-01 0 days 1,841 sqft
    2019-02-01 0 days 1,836 sqft
    2019-03-01 0 days 1,833 sqft
    2019-04-01 0 days 1,843 sqft
    2019-05-01 0 days 1,901 sqft
    2019-06-01 0 days 1,994 sqft
    2019-07-01 0 days 1,987 sqft
    2019-08-01 0 days 1,989 sqft
    2019-09-01 0 days 1,908 sqft
    2019-10-01 0 days 1,847 sqft
    2019-11-01 0 days 1,812 sqft
    2019-12-01 0 days 1,795 sqft
    2020-01-01 0 days 1,794 sqft
    2020-02-01 0 days 1,788 sqft
    2020-03-01 0 days 1,763 sqft
    2020-04-01 0 days 1,752 sqft
    2020-05-01 0 days 1,847 sqft
    2020-06-01 0 days 2,002 sqft
    2020-07-01 0 days 2,013 sqft
    2020-08-01 0 days 1,869 sqft
    2020-09-01 0 days 1,972 sqft
    2020-10-01 0 days 2,078 sqft
    2020-11-01 0 days 2,042 sqft
    2020-12-01 0 days 1,950 sqft
    2021-01-01 0 days 1,843 sqft
    2021-02-01 0 days 1,931 sqft
    2021-03-01 0 days 1,915 sqft
    2021-04-01 0 days 1,887 sqft
    2021-05-01 0 days 1,708 sqft
    2021-06-01 0 days 1,888 sqft
    2021-07-01 0 days 1,919 sqft
    2021-08-01 0 days 1,935 sqft
    2021-09-01 0 days 1,935 sqft
    2021-10-01 0 days 1,848 sqft
    2021-11-01 0 days 1,796 sqft
    2021-12-01 0 days 1,833 sqft
    2022-01-01 0 days 1,938 sqft
    2022-02-01 0 days 2,023 sqft
    2022-03-01 0 days 2,051 sqft
    2022-04-01 0 days 2,136 sqft
    2022-05-01 0 days 1,953 sqft
    2022-06-01 0 days 2,226 sqft
    2022-07-01 0 days 2,034 sqft
    2022-08-01 0 days 1,998 sqft
    2022-09-01 0 days 1,940 sqft
    2022-10-01 0 days 2,070 sqft
    2022-11-01 0 days 2,069 sqft
    2022-12-01 0 days 2,108 sqft
    2023-01-01 0 days 2,157 sqft
    2023-02-01 0 days 2,088 sqft
    2023-03-01 0 days 2,158 sqft
    2023-04-01 0 days 2,040 sqft
    2023-05-01 0 days 2,042 sqft
    2023-06-01 0 days 2,124 sqft
    2023-07-01 0 days 2,388 sqft
    2023-08-01 0 days 1,906 sqft
    2023-09-01 0 days 1,872 sqft
    2023-10-01 0 days 1,938 sqft
    2023-11-01 0 days 2,018 sqft
    2023-12-01 0 days 1,951 sqft
    2024-01-01 0 days 1,763 sqft
    2024-02-01 0 days 1,714 sqft
    2024-03-01 0 days 1,731 sqft
    Plymouth's median listing age (time on market) for 2024-03-01 was 0 days.

    Plymouth's median square footage for active listings during the 2024-03-01 period was 1,731 sqft. One year prior, the average listing was 2,158 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.