Terre Haute VA Loan Rates, Closing Costs & Stats

TERRE HAUTE, 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.

Terre Haute's 47 lenders originated 270 VA loans during 2022. The total origination value was $51,870,000, with an average VA loan value of $192,111.

Terre Haute VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Terre Haute averaged 6.51% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Terre Haute's average VA mortgage closing costs are $4,047.

The average rate for the prior week (2024-02-23) was 6.94% and one month ago for the week of 2024-01-26, the average rate was 6.57%.

The average rate one year ago was 6.41%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.85%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 85 5.57% $4,492
RUOFF MORTGAGE COMPANY, INC. 33 4.95% $5,441
QUICKEN LOANS, LLC 20 4.55% $7,178
NEW DAY FINANCIAL, LLC 11 5.11% $7,528
FREEDOM MORTGAGE CORPORATION 9 4.94% $11,753
Barrington Bank & Trust Company, N.A. 9 4.77% $6,674
PRIMELENDING, A PLAINSCAPITAL COMPANY 8 4.73% $7,573
MOVEMENT MORTGAGE, LLC 7 5.86% $4,150
NAVY FEDERAL CREDIT UNION 7 4.70% $4,020
First Financial Bank 6 5.31% $6,672
USAA Federal Savings Bank 5 4.53% $4,058
LOANDEPOT.COM, LLC 5 5.04% $7,053
PENNYMAC LOAN SERVICES, LLC 5 4.03% $6,082
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.13% $5,057
Mr. Cooper ( Nationstar Mortgage ) 3 4.83% $7,739
GVC MORTGAGE, INC. 3 4.88% $7,556
The Federal Savings Bank 3 3.75% $8,738
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.08% $2,219
CALIBER HOME LOANS, INC. 2 5.19% $9,978
M&T Bank 2 5.75% $3,298
PLANET HOME LENDING, LLC 2 3.56% $3,528
Fifth Third Bank 2 2.94% $3,920
VILLAGE CAPITAL MORTGAGE 1 4.88% $23,276
Waterstone Mortgage Corporation 1 4.25% $2,529
AMERICAN FINANCING CORPORATION 1 3.63% $3,915
Wells Fargo Bank 1 2.25% $5,044
Cornerstone First Mortgage, Inc 1 3.00% $15,897
CROSSCOUNTRY MORTGAGE, LLC 1 4.99% $9,528
EMM LOANS LLC 1 4.50% $2,975
EVERETT FINANCIAL, INC. 1 3.50% $6,409
First Guaranty Mortgage Corporation 1 3.75% $3,241
First Internet Bank of Indiana 1 5.49% $8,482
First Option Mortgage, LLC 1 4.00% $3,573
FLAT BRANCH MORTGAGE, INC. 1 4.50% $5,415
HOME POINT FINANCIAL CORPORATION 1 5.63% $2,475
JPMorgan Chase Bank 1 5.38% $3,786
LAKEVIEW LOAN SERVICING, LLC 1 2.75% $2,841
Low VA Rates, LLC 1 4.25% $11,535
Magnolia Bank 1 5.75% $2,926
NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $8,496
NEWREZ LLC 1 5.50% $2,437
ROYAL UNITED MORTGAGE LLC 1 5.25% $8,341
Sierra Pacific Mortgage Company, Inc. 1 5.00% $7,771
The Huntington National Bank 1 5.25% $2,767
TUCKER MORTGAGE, LLC 1 4.75% $6,213
UNION HOME MORTGAGE CORP. 1 5.75% $5,308
UNITED WHOLESALE MORTGAGE, LLC 1 2.75% $4,979

The top Terre Haute VA lender as defined by loan originations is Mortgage Research Center, LLC, with 85 VA loans originated. Their average total fees are $4,492, which is $949 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 ($4,492), RUOFF MORTGAGE COMPANY, INC. ($5,441), QUICKEN LOANS, LLC ($7,178), NEW DAY FINANCIAL, LLC ($7,528) and .

The lowest rate Terre Haute VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.55%), RUOFF MORTGAGE COMPANY, INC. (4.95%), NEW DAY FINANCIAL, LLC (5.11%), Mortgage Research Center, LLC (5.57%) and .


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
Terre Haute's median listing price for 2024-01-01 was $179,900, a difference of $23,475 (15.0%) versus the prior year and $2,900 versus the prior month.

Terre Haute's median listing price comes in at 44% of the national average.

Terre Haute's average listing price for 2024-01-01 was $235,977, a difference of $32,512 (16.0%) versus the prior year and $5,774 versus the prior month.

For the 2024-01-01 period, Terre Haute had 305 MLS listings, a difference of -25 listings (-8%) versus the prior month and 19 listings (7%) 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
Terre Haute's median listing age (time on market) for 2024-01-01 was 70 days. This is -1% shorter than the same period one year ago.

Terre Haute's median square footage for active listings during the 2024-01-01 period was 1,758 sqft. One year prior, the average listing was 1,600 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.