Terre Haute VA Loan Rates, Closing Costs & Stats

TERRE HAUTE, 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.

    Terre Haute's 44 lenders originated 265 VA loans during 2024. The total origination value was $57,575,000, with an average VA loan value of $217,264.

    Terre Haute VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Terre Haute averaged 0.85% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Terre Haute's average VA mortgage closing costs are $4,403.

    The average rate for the prior week (2025-06-13) was 6.99% and one month ago for the week of 2025-05-16, the average rate was 7.25%.

    The average rate one year ago was 7.15%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.46%.

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

    Terre Haute 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 Terre Haute level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 77 6.47% $4,057
    RUOFF MORTGAGE COMPANY, INC. 27 6.71% $3,227
    QUICKEN LOANS, LLC 20 6.40% $9,467
    MOVEMENT MORTGAGE, LLC 16 6.70% $5,961
    FREEDOM MORTGAGE CORPORATION 13 6.78% $8,482
    NEW DAY FINANCIAL, LLC 13 7.78% $8,708
    USAA Federal Savings Bank 11 6.45% $4,470
    UNITED WHOLESALE MORTGAGE, LLC 7 5.85% $6,947
    PENNYMAC LOAN SERVICES, LLC 6 5.65% $5,681
    NAVY FEDERAL CREDIT UNION 4 5.78% $6,055
    VILLAGE CAPITAL MORTGAGE 4 5.62% $6,612
    BROKER SOLUTIONS, INC. 4 6.34% $9,451
    GVC MORTGAGE, INC. 3 6.75% $5,292
    Carrington Mortgage Services, LLC 3 7.38% $6,732
    Barrington Bank & Trust Company, N.A. 3 6.25% $7,289
    PLANET HOME LENDING, LLC 3 5.63% $3,554
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.58% $5,142
    Fifth Third Bank 2 6.19% $2,914
    The Federal Savings Bank 2 6.19% $11,399
    STOCKTON MORTGAGE CORPORATION 2 3.38% $4,599
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.50% $1,069
    Wolfe Financial, Inc 2 7.56% $3,491
    Old National Bank 1 7.00% $5,724
    CROSSCOUNTRY MORTGAGE, LLC 1 6.13% $8,500
    First Federal Bank 1 5.63% $1,738
    First Financial Bank 1 7.75% $0
    First Option Mortgage, LLC 1 6.25% $4,730
    Flagstar Bank, FSB 1 7.75% $7,513
    FLAT BRANCH MORTGAGE, INC. 1 6.63% $6,617
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $865
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $4,505
    LOANDEPOT.COM, LLC 1 5.75% $1,009
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $3,440
    Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $2,855
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $13,921
    MYCUMORTGAGE, LLC 1 6.75% $6,171
    NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $1,865
    NEWREZ LLC 1 6.25% $3,224
    Armed Forces Bank 1 6.75% $2,547
    PHH Mortgage Corporation 1 5.63% $3,625
    PNC Bank 1 7.00% $5,301
    SUN WEST MORTGAGE COMPANY, INC. 1 6.38% $3,673
    The Huntington National Bank 1 6.99% $3,914
    University Bank 1 6.00% $1,141

    The top Terre Haute VA lender as defined by loan originations is Mortgage Research Center, LLC, with 77 VA loans originated. Their average total fees are $4,057, which is $830 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Terre Haute VA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($3,227), Mortgage Research Center, LLC ($4,057), USAA Federal Savings Bank ($4,470), MOVEMENT MORTGAGE, LLC ($5,961) and FREEDOM MORTGAGE CORPORATION ($8,482).

    The lowest rate Terre Haute VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.40%), USAA Federal Savings Bank (6.45%), Mortgage Research Center, LLC (6.47%), MOVEMENT MORTGAGE, LLC (6.70%) and RUOFF MORTGAGE COMPANY, INC. (6.71%).

    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.