Seymour VA Loan Rates, Closing Costs & Stats
Seymour, 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.
Seymour's 19 lenders originated 36 VA loans during 2023. The total origination value was $9,570,000, with an average VA loan value of $265,833.
Seymour VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Seymour
averaged
6.54%
for the week of 2024-11-08, compared to the national average (all VA variants) of
6.34% for the same period.
Seymour's average VA mortgage closing costs are $4,843.
The average rate for the prior week (2024-11-01) was
6.4% and
one month ago for the week of 2024-10-04, the
average rate was 6.03%.
The average rate one year ago was 7.78%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.14%.
Seymour 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 Seymour level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 7 | 6.95% | $7,258 |
| RUOFF MORTGAGE COMPANY, INC. | 4 | 6.81% | $1,514 |
| GVC MORTGAGE, INC. | 4 | 6.91% | $8,241 |
| QUICKEN LOANS, LLC | 3 | 6.33% | $9,670 |
| DIRECT MORTGAGE LOANS, LLC | 2 | 7.06% | $14,085 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 7.13% | $100 |
| HALLMARK HOME MORTGAGE, LLC | 1 | 6.50% | $3,695 |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | 1 | 6.88% | $1,307 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 5.25% | $3,935 |
| PENTAGON FEDERAL CREDIT UNION | 1 | 6.75% | $5,818 |
| The Federal Savings Bank | 1 | 7.25% | $18,878 |
| UNION HOME MORTGAGE CORP. | 1 | 5.50% | $14,377 |
| USAA Federal Savings Bank | 1 | 6.25% | $13,667 |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 1 | 6.75% | $1,880 |
| Wolfe Financial, Inc | 1 | 6.63% | $8,582 |
| AMERISAVE MORTGAGE CORPORATION | 1 | 4.25% | $14,058 |
| Barrington Bank & Trust Company, N.A. | 1 | 6.75% | $4,184 |
| CALIBER HOME LOANS, INC. | 1 | 6.75% | $11,155 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.75% | $0 |
The top Seymour VA lender as defined by loan originations is Mortgage Research Center, LLC, with
7 VA loans originated. Their average total fees are
$7,258, which is $5,744
higher than the next largest lender,
RUOFF MORTGAGE COMPANY, INC..
The lowest fee Seymour VA lenders (with over 10 loans originated) are
.
The lowest rate Seymour VA lenders (with over 10 loans originated) are
.