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 39 lenders originated 185 VA loans during 2023. The total origination value was $38,795,000, with an average VA loan value of $209,703.

    Terre Haute VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Terre Haute averaged 7.03% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Terre Haute's average VA mortgage closing costs are $4,246.

    The average rate for the prior week (2024-11-01) was 6.98% and one month ago for the week of 2024-10-04, the average rate was 5.91%.

    The average rate one year ago was 7.87%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.89%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 51 6.93% $3,483
    RUOFF MORTGAGE COMPANY, INC. 20 6.96% $4,255
    MOVEMENT MORTGAGE, LLC 14 6.96% $5,711
    QUICKEN LOANS, LLC 11 6.71% $7,100
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.99% $6,560
    NAVY FEDERAL CREDIT UNION 6 5.92% $2,610
    FREEDOM MORTGAGE CORPORATION 6 7.15% $11,577
    Wolfe Financial, Inc 5 7.63% $5,755
    Fifth Third Bank 5 6.03% $2,404
    NEW DAY FINANCIAL, LLC 5 7.85% $14,248
    Barrington Bank & Trust Company, N.A. 5 6.30% $13,619
    UNITED WHOLESALE MORTGAGE, LLC 4 5.80% $8,406
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.83% $1,278
    USAA Federal Savings Bank 3 6.92% $2,384
    LOANDEPOT.COM, LLC 2 6.38% $7,667
    Mr. Cooper ( Nationstar Mortgage ) 2 6.00% $8,517
    NEWREZ LLC 2 6.25% $7,320
    PENNYMAC LOAN SERVICES, LLC 2 5.44% $3,467
    BROKER SOLUTIONS, INC. 2 7.19% $9,714
    AMERISAVE MORTGAGE CORPORATION 2 4.94% $17,759
    GVC MORTGAGE, INC. 1 6.25% $1,100
    LOANPAL, LLC 1 5.63% $10,863
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $20,224
    GUARANTEED RATE, INC. 1 6.75% $110
    NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $1,585
    Flagstar Bank, FSB 1 6.75% $7,682
    University Bank 1 6.25% $4,214
    Paramount Residential Mortgage Group, Inc. 1 7.25% $2,080
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $4,680
    CARDINAL FINANCIAL 1 7.25% $8,915
    Wells Fargo Bank 1 6.63% $1,554
    STOCKTON MORTGAGE CORPORATION 1 6.25% $5,125
    The Federal Savings Bank 1 6.38% $15,709
    UNION HOME MORTGAGE CORP. 1 7.25% $2,963
    Magnolia Bank 1 6.75% $22,507
    MJW Financial LLC 1 7.75% $14,387
    MORTGAGE MASTERS OF INDIANA, INC. 1 6.13% $7,326
    HALLMARK HOME MORTGAGE, LLC 1 7.25% $4,243
    1ST SIGNATURE LENDING, LLC 1 6.63% $7,908

    The top Terre Haute VA lender as defined by loan originations is Mortgage Research Center, LLC, with 51 VA loans originated. Their average total fees are $3,483, which is $771 lower than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Terre Haute VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,483), RUOFF MORTGAGE COMPANY, INC. ($4,255), MOVEMENT MORTGAGE, LLC ($5,711), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,560) and QUICKEN LOANS, LLC ($7,100).

    The lowest rate Terre Haute VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.71%), Mortgage Research Center, LLC (6.93%), RUOFF MORTGAGE COMPANY, INC. (6.96%), MOVEMENT MORTGAGE, LLC (6.96%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.99%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Terre Haute (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 $79,800 (-4.7%) $126,051 (2.6%) 0.30 554
    2018-02-01 $79,900 (-1.8%) $132,013 (7.6%) 0.29 526
    2018-03-01 $79,900 (-8.3%) $140,259 (9.9%) 0.28 480
    2018-04-01 $91,750 (2.1%) $148,714 (13.2%) 0.31 498
    2018-05-01 $94,850 (4.9%) $142,239 (2.9%) 0.32 499
    2018-06-01 $109,900 (13.3%) $149,697 (5.8%) 0.37 533
    2018-07-01 $110,975 (16.8%) $149,879 (5.0%) 0.37 553
    2018-08-01 $111,600 (17.6%) $148,076 (3.1%) 0.37 551
    2018-09-01 $109,700 (21.9%) $144,448 (0.6%) 0.37 605
    2018-10-01 $105,575 (16.7%) $145,668 (6.0%) 0.36 628
    2018-11-01 $104,925 (23.8%) $143,753 (10.3%) 0.36 614
    2018-12-01 $95,000 (18.9%) $139,082 (9.6%) 0.33 583
    2019-01-01 $92,925 (16.5%) $134,505 (6.7%) 0.32 564
    2019-02-01 $90,725 (13.6%) $137,631 (4.3%) 0.31 521
    2019-03-01 $91,929 (15.1%) $140,597 (0.2%) 0.30 487
    2019-04-01 $95,914 (4.5%) $146,261 (-1.7%) 0.30 472
    2019-05-01 $94,975 (0.1%) $151,676 (6.6%) 0.30 474
    2019-06-01 $94,900 (-13.7%) $153,392 (2.5%) 0.30 527
    2019-07-01 $105,675 (-4.8%) $159,905 (6.7%) 0.33 545
    2019-08-01 $103,936 (-6.9%) $157,494 (6.4%) 0.33 562
    2019-09-01 $101,666 (-7.3%) $154,748 (7.1%) 0.33 585
    2019-10-01 $99,900 (-5.4%) $152,152 (4.5%) 0.32 599
    2019-11-01 $94,900 (-9.6%) $147,804 (2.8%) 0.31 560
    2019-12-01 $89,900 (-5.4%) $144,461 (3.9%) 0.30 522
    2020-01-01 $96,200 (3.5%) $148,288 (10.3%) 0.32 529
    2020-02-01 $99,500 (9.7%) $147,828 (7.4%) 0.33 558
    2020-03-01 $99,800 (8.6%) $151,643 (7.9%) 0.31 480
    2020-04-01 $99,900 (4.2%) $153,479 (4.9%) 0.31 447
    2020-05-01 $109,900 (15.7%) $168,431 (11.1%) 0.33 400
    2020-06-01 $116,100 (22.3%) $173,360 (13.0%) 0.34 392
    2020-07-01 $136,725 (29.4%) $185,834 (16.2%) 0.40 366
    2020-08-01 $122,000 (17.4%) $185,212 (17.6%) 0.35 369
    2020-09-01 $120,000 (18.0%) $178,844 (15.6%) 0.34 363
    2020-10-01 $119,950 (20.1%) $183,591 (20.7%) 0.34 321
    2020-11-01 $109,925 (15.8%) $184,979 (25.2%) 0.32 320
    2020-12-01 $102,450 (14.0%) $181,832 (25.9%) 0.30 299
    2021-01-01 $99,900 (3.9%) $179,885 (21.3%) 0.30 262
    2021-02-01 $117,450 (18.0%) $179,146 (21.2%) 0.34 227
    2021-03-01 $118,600 (18.8%) $179,358 (18.3%) 0.34 211
    2021-04-01 $137,450 (37.6%) $194,737 (26.9%) 0.37 187
    2021-05-01 $149,800 (36.3%) $204,432 (21.4%) 0.40 201
    2021-06-01 $133,800 (15.3%) $201,236 (16.1%) 0.35 237
    2021-07-01 $129,900 (-5.0%) $194,381 (4.6%) 0.34 274
    2021-08-01 $147,200 (20.7%) $210,891 (13.9%) 0.39 283
    2021-09-01 $136,925 (14.1%) $202,768 (13.4%) 0.37 319
    2021-10-01 $134,950 (12.5%) $210,077 (14.4%) 0.36 300
    2021-11-01 $129,950 (18.2%) $209,060 (13.0%) 0.35 269
    2021-12-01 $119,950 (17.1%) $209,110 (15.0%) 0.32 233
    2022-01-01 $117,900 (18.0%) $197,614 (9.9%) 0.32 208
    2022-02-01 $113,475 (-3.4%) $186,082 (3.9%) 0.30 183
    2022-03-01 $127,400 (7.4%) $187,802 (4.7%) 0.32 170
    2022-04-01 $135,450 (-1.5%) $198,758 (2.1%) 0.32 175
    2022-05-01 $139,675 (-6.8%) $193,229 (-5.5%) 0.32 203
    2022-06-01 $152,500 (14.0%) $215,016 (6.9%) 0.34 232
    2022-07-01 $159,450 (22.8%) $209,875 (8.0%) 0.36 280
    2022-08-01 $149,450 (1.5%) $207,178 (-1.8%) 0.35 310
    2022-09-01 $154,250 (12.7%) $200,272 (-1.2%) 0.36 318
    2022-10-01 $152,000 (12.6%) $205,106 (-2.4%) 0.36 330
    2022-11-01 $161,975 (24.6%) $206,700 (-1.1%) 0.39 333
    2022-12-01 $159,900 (33.3%) $207,370 (-0.8%) 0.39 296
    2023-01-01 $156,425 (32.7%) $203,465 (3.0%) 0.39 286
    2023-02-01 $152,950 (34.8%) $208,139 (11.9%) 0.37 253
    2023-03-01 $163,500 (28.3%) $229,274 (22.1%) 0.39 235
    2023-04-01 $165,000 (21.8%) $227,332 (14.4%) 0.38 219
    2023-05-01 $179,950 (28.8%) $239,795 (24.1%) 0.41 211
    2023-06-01 $175,913 (15.4%) $236,436 (10.0%) 0.40 229
    2023-07-01 $175,000 (9.8%) $237,313 (13.1%) 0.40 245
    2023-08-01 $168,200 (12.6%) $229,431 (10.7%) 0.39 278
    2023-09-01 $159,900 (3.7%) $227,499 (13.6%) 0.37 293
    2023-10-01 $159,850 (5.2%) $223,992 (9.2%) 0.38 328
    2023-11-01 $169,900 (4.9%) $227,020 (9.8%) 0.40 345
    2023-12-01 $177,000 (10.7%) $230,203 (11.0%) 0.43 330
    2024-01-01 $179,900 (15.0%) $235,977 (16.0%) 0.44 305
    2024-02-01 $171,075 (11.9%) $229,619 (10.3%) 0.41 294
    2024-03-01 $179,900 (10.0%) $241,885 (5.5%) 0.42 303
    2024-04-01 $179,900 (9.0%) $255,650 (12.5%) 0.42 293
    2024-05-01 $184,500 (2.5%) $265,683 (10.8%) 0.42 314
    2024-06-01 $189,950 (8.0%) $261,396 (10.6%) 0.43 322
    2024-07-01 $179,900 (2.8%) $246,650 (3.9%) 0.41 352
    2024-08-01 $179,900 (7.0%) $239,234 (4.3%) 0.42 400
    2024-09-01 $179,925 (12.5%) $242,272 (6.5%) 0.42 405
    2024-10-01 $179,900 (12.5%) $236,347 (5.5%) 0.42 412
    Terre Haute's median listing price for 2024-10-01 was $179,900, a difference of $20,050 (12.5%) versus the prior year and $-25 versus the prior month.

    Terre Haute's median listing price comes in at 42% of the national average.

    Terre Haute's average listing price for 2024-10-01 was $236,347, a difference of $12,355 (5.5%) versus the prior year and $-5,925 versus the prior month.

    For the 2024-10-01 period, Terre Haute had 412 MLS listings, a difference of 7 listings (2%) versus the prior month and 84 listings (26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Terre Haute (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 82 days 1,534 sqft
    2018-02-01 83 days 1,533 sqft
    2018-03-01 74 days 1,616 sqft
    2018-04-01 56 days 1,723 sqft
    2018-05-01 60 days 1,704 sqft
    2018-06-01 55 days 1,701 sqft
    2018-07-01 58 days 1,698 sqft
    2018-08-01 60 days 1,726 sqft
    2018-09-01 54 days 1,728 sqft
    2018-10-01 63 days 1,740 sqft
    2018-11-01 67 days 1,688 sqft
    2018-12-01 74 days 1,659 sqft
    2019-01-01 85 days 1,619 sqft
    2019-02-01 88 days 1,599 sqft
    2019-03-01 73 days 1,627 sqft
    2019-04-01 55 days 1,659 sqft
    2019-05-01 57 days 1,647 sqft
    2019-06-01 54 days 1,637 sqft
    2019-07-01 60 days 1,656 sqft
    2019-08-01 66 days 1,620 sqft
    2019-09-01 69 days 1,620 sqft
    2019-10-01 72 days 1,620 sqft
    2019-11-01 74 days 1,599 sqft
    2019-12-01 87 days 1,599 sqft
    2020-01-01 88 days 1,599 sqft
    2020-02-01 88 days 1,575 sqft
    2020-03-01 67 days 1,558 sqft
    2020-04-01 70 days 1,569 sqft
    2020-05-01 81 days 1,599 sqft
    2020-06-01 76 days 1,599 sqft
    2020-07-01 58 days 1,599 sqft
    2020-08-01 57 days 1,599 sqft
    2020-09-01 51 days 1,599 sqft
    2020-10-01 52 days 1,599 sqft
    2020-11-01 57 days 1,599 sqft
    2020-12-01 64 days 1,599 sqft
    2021-01-01 74 days 1,596 sqft
    2021-02-01 67 days 1,599 sqft
    2021-03-01 54 days 1,576 sqft
    2021-04-01 49 days 1,599 sqft
    2021-05-01 31 days 1,599 sqft
    2021-06-01 28 days 1,659 sqft
    2021-07-01 33 days 1,656 sqft
    2021-08-01 39 days 1,755 sqft
    2021-09-01 40 days 1,702 sqft
    2021-10-01 44 days 1,632 sqft
    2021-11-01 47 days 1,574 sqft
    2021-12-01 60 days 1,548 sqft
    2022-01-01 57 days 1,536 sqft
    2022-02-01 63 days 1,553 sqft
    2022-03-01 39 days 1,532 sqft
    2022-04-01 37 days 1,584 sqft
    2022-05-01 28 days 1,570 sqft
    2022-06-01 35 days 1,632 sqft
    2022-07-01 33 days 1,664 sqft
    2022-08-01 39 days 1,637 sqft
    2022-09-01 45 days 1,693 sqft
    2022-10-01 52 days 1,704 sqft
    2022-11-01 53 days 1,797 sqft
    2022-12-01 62 days 1,626 sqft
    2023-01-01 71 days 1,600 sqft
    2023-02-01 67 days 1,602 sqft
    2023-03-01 58 days 1,654 sqft
    2023-04-01 52 days 1,600 sqft
    2023-05-01 38 days 1,599 sqft
    2023-06-01 39 days 1,602 sqft
    2023-07-01 40 days 1,707 sqft
    2023-08-01 39 days 1,779 sqft
    2023-09-01 46 days 1,820 sqft
    2023-10-01 45 days 1,765 sqft
    2023-11-01 48 days 1,817 sqft
    2023-12-01 61 days 1,736 sqft
    2024-01-01 70 days 1,758 sqft
    2024-02-01 73 days 1,697 sqft
    2024-03-01 53 days 1,733 sqft
    2024-04-01 50 days 1,681 sqft
    2024-05-01 48 days 1,682 sqft
    2024-06-01 45 days 1,731 sqft
    2024-07-01 47 days 1,746 sqft
    2024-08-01 46 days 1,804 sqft
    2024-09-01 51 days 1,823 sqft
    2024-10-01 54 days 1,802 sqft
    Terre Haute's median listing age (time on market) for 2024-10-01 was 54 days. This is 21% longer than the same period one year ago.

    Terre Haute's median square footage for active listings during the 2024-10-01 period was 1,802 sqft. One year prior, the average listing was 1,765 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.