Seymour VA Loan Rates, Closing Costs & Stats

Seymour, 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.

    Seymour's 23 lenders originated 55 VA loans during 2024. The total origination value was $14,135,000, with an average VA loan value of $257,000.

    Seymour VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Seymour averaged 0.71% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Seymour's average VA mortgage closing costs are $4,991.

    The average rate for the prior week (2025-06-13) was 6.86% and one month ago for the week of 2025-05-16, the average rate was 6.82%.

    The average rate one year ago was 7.12%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.2%.

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

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 17 6.15% $5,855
    GVC MORTGAGE, INC. 4 6.63% $6,325
    NEW DAY FINANCIAL, LLC 4 7.52% $8,461
    Wolfe Financial, Inc 3 7.21% $3,249
    USAA Federal Savings Bank 3 6.58% $2,342
    Mr. Cooper ( Nationstar Mortgage ) 2 6.06% $12,086
    UNITED WHOLESALE MORTGAGE, LLC 2 6.00% $8,135
    PENNYMAC LOAN SERVICES, LLC 2 5.81% $6,879
    QUICKEN LOANS, LLC 2 6.31% $7,104
    RUOFF MORTGAGE COMPANY, INC. 2 6.75% $4,039
    FREEDOM MORTGAGE CORPORATION 2 6.31% $2,246
    POLARIS HOME FUNDING CORP. 1 7.63% $13,357
    Prosperity Home Mortgage, LLC 1 6.25% $1,609
    UNION HOME MORTGAGE CORP. 1 6.13% $3,752
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.63% $13,357
    VILLAGE CAPITAL MORTGAGE 1 5.75% $6,157
    V.I.P. MORTGAGE, INC. 1 7.25% $2,996
    GUILD MORTGAGE COMPANY 1 6.63% $2,268
    LAKEVIEW LOAN SERVICING, LLC 1 7.25% $2,105
    LOANDEPOT.COM, LLC 1 6.99% $4,438
    Carrington Mortgage Services, LLC 1 6.13% $3,345
    NBKC BANK 1 6.13% $12,203
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $509

    The top Seymour VA lender as defined by loan originations is Mortgage Research Center, LLC, with 17 VA loans originated. Their average total fees are $5,855, which is $469 lower than the next largest lender, GVC MORTGAGE, INC..

    The lowest fee Seymour VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,855), .

    The lowest rate Seymour VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.15%), .

    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.