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 7.11% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

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

    The average rate for the prior week (2025-02-07) was 7.05% and one month ago for the week of 2025-01-10, the average rate was 6.98%.

    The average rate one year ago was 6.91%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.78%.

    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 $77,750 (-4.8%) $125,551 (4.2%) 0.30 500
    2018-02-01 $76,800 (-3.9%) $131,651 (9.4%) 0.29 477
    2018-03-01 $79,900 (-5.7%) $139,613 (12.3%) 0.28 435
    2018-04-01 $86,900 (-0.1%) $147,646 (15.8%) 0.31 454
    2018-05-01 $89,900 (0.0%) $140,432 (3.7%) 0.32 449
    2018-06-01 $99,900 (5.8%) $148,249 (6.4%) 0.37 488
    2018-07-01 $100,150 (11.4%) $145,599 (4.4%) 0.37 503
    2018-08-01 $109,675 (22.0%) $145,394 (3.7%) 0.37 500
    2018-09-01 $105,000 (16.8%) $141,309 (0.1%) 0.37 555
    2018-10-01 $100,650 (14.4%) $142,161 (6.1%) 0.36 573
    2018-11-01 $99,900 (25.7%) $139,558 (10.5%) 0.36 564
    2018-12-01 $92,750 (16.7%) $135,600 (8.9%) 0.33 542
    2019-01-01 $89,900 (15.6%) $131,529 (4.8%) 0.32 526
    2019-02-01 $89,900 (17.1%) $134,234 (2.0%) 0.31 480
    2019-03-01 $88,657 (11.0%) $136,337 (-2.4%) 0.30 443
    2019-04-01 $88,657 (2.0%) $141,584 (-4.1%) 0.30 418
    2019-05-01 $87,075 (-3.1%) $143,088 (1.9%) 0.30 418
    2019-06-01 $89,000 (-10.9%) $143,276 (-3.4%) 0.30 474
    2019-07-01 $94,950 (-5.2%) $148,252 (1.8%) 0.33 492
    2019-08-01 $96,486 (-12.0%) $146,368 (0.7%) 0.33 506
    2019-09-01 $98,041 (-6.6%) $144,540 (2.3%) 0.33 524
    2019-10-01 $96,902 (-3.7%) $141,661 (-0.4%) 0.32 537
    2019-11-01 $89,900 (-10.0%) $135,377 (-3.0%) 0.31 504
    2019-12-01 $87,975 (-5.2%) $131,255 (-3.2%) 0.30 471
    2020-01-01 $90,075 (0.2%) $137,215 (4.3%) 0.32 480
    2020-02-01 $95,000 (5.7%) $139,628 (4.0%) 0.33 516
    2020-03-01 $94,425 (6.5%) $142,949 (4.9%) 0.31 435
    2020-04-01 $94,200 (6.3%) $144,612 (2.1%) 0.31 401
    2020-05-01 $99,900 (14.7%) $161,097 (12.6%) 0.33 359
    2020-06-01 $109,250 (22.8%) $163,408 (14.1%) 0.34 352
    2020-07-01 $129,900 (36.8%) $176,727 (19.2%) 0.40 334
    2020-08-01 $114,900 (19.1%) $174,841 (19.5%) 0.35 338
    2020-09-01 $115,950 (18.3%) $169,506 (17.3%) 0.34 333
    2020-10-01 $117,450 (21.2%) $172,887 (22.0%) 0.34 291
    2020-11-01 $100,450 (11.7%) $172,478 (27.4%) 0.32 295
    2020-12-01 $99,700 (13.3%) $168,054 (28.0%) 0.30 277
    2021-01-01 $98,000 (8.8%) $167,679 (22.2%) 0.30 247
    2021-02-01 $100,000 (5.3%) $165,832 (18.8%) 0.34 207
    2021-03-01 $100,000 (5.9%) $165,912 (16.1%) 0.34 191
    2021-04-01 $132,475 (40.6%) $185,720 (28.4%) 0.37 171
    2021-05-01 $134,900 (35.0%) $193,366 (20.0%) 0.40 181
    2021-06-01 $124,900 (14.3%) $190,003 (16.3%) 0.35 218
    2021-07-01 $124,900 (-3.9%) $184,134 (4.2%) 0.34 246
    2021-08-01 $139,900 (21.8%) $200,680 (14.8%) 0.39 252
    2021-09-01 $131,300 (13.2%) $194,175 (14.6%) 0.37 286
    2021-10-01 $130,000 (10.7%) $196,787 (13.8%) 0.36 267
    2021-11-01 $127,450 (26.9%) $191,353 (10.9%) 0.35 235
    2021-12-01 $117,925 (18.3%) $189,751 (12.9%) 0.32 202
    2022-01-01 $109,900 (12.1%) $175,144 (4.5%) 0.32 181
    2022-02-01 $104,950 (5.0%) $158,022 (-4.7%) 0.30 156
    2022-03-01 $120,000 (20.0%) $154,648 (-6.8%) 0.32 151
    2022-04-01 $125,000 (-5.6%) $165,196 (-11.1%) 0.32 154
    2022-05-01 $132,400 (-1.9%) $179,072 (-7.4%) 0.32 181
    2022-06-01 $148,475 (18.9%) $200,237 (5.4%) 0.34 205
    2022-07-01 $149,900 (20.0%) $196,192 (6.6%) 0.36 246
    2022-08-01 $139,900 (0.0%) $189,162 (-5.7%) 0.35 271
    2022-09-01 $145,000 (10.4%) $181,463 (-6.6%) 0.36 284
    2022-10-01 $146,250 (12.5%) $190,101 (-3.4%) 0.36 290
    2022-11-01 $153,950 (20.8%) $191,735 (0.2%) 0.39 299
    2022-12-01 $142,450 (20.8%) $190,529 (0.4%) 0.39 266
    2023-01-01 $146,950 (33.7%) $190,099 (8.5%) 0.39 259
    2023-02-01 $143,825 (37.0%) $195,938 (24.0%) 0.37 226
    2023-03-01 $149,900 (24.9%) $214,091 (38.4%) 0.39 207
    2023-04-01 $149,900 (19.9%) $205,058 (24.1%) 0.38 194
    2023-05-01 $158,750 (19.9%) $216,244 (20.8%) 0.41 177
    2023-06-01 $154,950 (4.4%) $218,318 (9.0%) 0.40 194
    2023-07-01 $169,900 (13.3%) $221,360 (12.8%) 0.40 215
    2023-08-01 $159,925 (14.3%) $207,765 (9.8%) 0.39 251
    2023-09-01 $158,999 (9.7%) $206,813 (14.0%) 0.37 262
    2023-10-01 $154,950 (6.0%) $204,644 (7.7%) 0.38 299
    2023-11-01 $161,500 (4.9%) $210,148 (9.6%) 0.40 318
    2023-12-01 $165,000 (15.8%) $212,467 (11.5%) 0.43 298
    2024-01-01 $169,900 (15.6%) $217,082 (14.2%) 0.44 272
    2024-02-01 $162,000 (12.6%) $208,865 (6.6%) 0.41 260
    2024-03-01 $174,950 (16.7%) $225,940 (5.5%) 0.42 273
    2024-04-01 $177,450 (18.4%) $238,579 (16.4%) 0.42 263
    2024-05-01 $179,900 (13.3%) $244,603 (13.1%) 0.42 282
    2024-06-01 $179,900 (16.1%) $247,933 (13.6%) 0.43 294
    2024-07-01 $174,450 (2.7%) $231,794 (4.7%) 0.41 323
    2024-08-01 $174,900 (9.4%) $225,933 (8.7%) 0.42 364
    2024-09-01 $174,950 (10.0%) $228,710 (10.6%) 0.42 366
    2024-10-01 $171,625 (10.8%) $223,089 (9.0%) 0.42 368
    2024-11-01 $169,900 (5.2%) $220,168 (4.8%) 0.42 360
    2024-12-01 $174,925 (6.0%) $221,366 (4.2%) 0.44 335
    2025-01-01 $177,250 (4.3%) $224,870 (3.6%) 0.00 300
    Terre Haute's median listing price for 2025-01-01 was $177,250, a difference of $7,350 (4.3%) versus the prior year and $2,325 versus the prior month.

    Terre Haute's median listing price comes in at 0% of the national average.

    Terre Haute's average listing price for 2025-01-01 was $224,870, a difference of $7,788 (3.6%) versus the prior year and $3,504 versus the prior month.

    For the 2025-01-01 period, Terre Haute had 300 MLS listings, a difference of -35 listings (-10%) versus the prior month and 28 listings (10%) 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 1,526 sqft
    2018-02-01 83 days 1,527 sqft
    2018-03-01 74 days 1,571 sqft
    2018-04-01 56 days 1,720 sqft
    2018-05-01 60 days 1,683 sqft
    2018-06-01 55 days 1,701 sqft
    2018-07-01 58 days 1,673 sqft
    2018-08-01 60 days 1,726 sqft
    2018-09-01 54 days 1,728 sqft
    2018-10-01 63 days 1,743 sqft
    2018-11-01 67 days 1,681 sqft
    2018-12-01 74 days 1,653 sqft
    2019-01-01 85 days 1,599 sqft
    2019-02-01 88 days 1,576 sqft
    2019-03-01 73 days 1,604 sqft
    2019-04-01 55 days 1,626 sqft
    2019-05-01 57 days 1,598 sqft
    2019-06-01 54 days 1,599 sqft
    2019-07-01 60 days 1,599 sqft
    2019-08-01 66 days 1,599 sqft
    2019-09-01 69 days 1,599 sqft
    2019-10-01 72 days 1,599 sqft
    2019-11-01 74 days 1,561 sqft
    2019-12-01 87 days 1,550 sqft
    2020-01-01 88 days 1,561 sqft
    2020-02-01 88 days 1,534 sqft
    2020-03-01 67 days 1,490 sqft
    2020-04-01 70 days 1,513 sqft
    2020-05-01 81 days 1,587 sqft
    2020-06-01 76 days 1,599 sqft
    2020-07-01 58 days 1,599 sqft
    2020-08-01 57 days 1,575 sqft
    2020-09-01 51 days 1,567 sqft
    2020-10-01 52 days 1,597 sqft
    2020-11-01 57 days 1,599 sqft
    2020-12-01 64 days 1,584 sqft
    2021-01-01 74 days 1,512 sqft
    2021-02-01 67 days 1,513 sqft
    2021-03-01 54 days 1,508 sqft
    2021-04-01 49 days 1,598 sqft
    2021-05-01 31 days 1,599 sqft
    2021-06-01 28 days 1,600 sqft
    2021-07-01 33 days 1,599 sqft
    2021-08-01 39 days 1,725 sqft
    2021-09-01 40 days 1,634 sqft
    2021-10-01 44 days 1,599 sqft
    2021-11-01 47 days 1,492 sqft
    2021-12-01 60 days 1,498 sqft
    2022-01-01 57 days 1,487 sqft
    2022-02-01 63 days 1,493 sqft
    2022-03-01 39 days 1,459 sqft
    2022-04-01 37 days 1,559 sqft
    2022-05-01 28 days 1,582 sqft
    2022-06-01 35 days 1,607 sqft
    2022-07-01 33 days 1,632 sqft
    2022-08-01 39 days 1,599 sqft
    2022-09-01 45 days 1,690 sqft
    2022-10-01 52 days 1,680 sqft
    2022-11-01 53 days 1,757 sqft
    2022-12-01 62 days 1,599 sqft
    2023-01-01 71 days 1,599 sqft
    2023-02-01 67 days 1,599 sqft
    2023-03-01 58 days 1,599 sqft
    2023-04-01 52 days 1,599 sqft
    2023-05-01 38 days 1,599 sqft
    2023-06-01 39 days 1,599 sqft
    2023-07-01 40 days 1,702 sqft
    2023-08-01 39 days 1,729 sqft
    2023-09-01 46 days 1,739 sqft
    2023-10-01 45 days 1,712 sqft
    2023-11-01 48 days 1,709 sqft
    2023-12-01 61 days 1,616 sqft
    2024-01-01 70 days 1,621 sqft
    2024-02-01 73 days 1,606 sqft
    2024-03-01 53 days 1,620 sqft
    2024-04-01 50 days 1,622 sqft
    2024-05-01 48 days 1,601 sqft
    2024-06-01 45 days 1,656 sqft
    2024-07-01 47 days 1,682 sqft
    2024-08-01 46 days 1,736 sqft
    2024-09-01 51 days 1,777 sqft
    2024-10-01 54 days 1,731 sqft
    2024-11-01 57 days 1,662 sqft
    2024-12-01 66 days 1,611 sqft
    2025-01-01 0 days 1,599 sqft
    Terre Haute's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Terre Haute's median square footage for active listings during the 2025-01-01 period was 1,599 sqft. One year prior, the average listing was 1,621 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.