Terre Haute VA Loans
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 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 56 lenders originated 413 VA loans during 2021. The total origination value was $70,735,000, with an average VA loan value of $171,271.
Terre Haute VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Terre Haute
averaged
5.7%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.73% and
one month ago for the week of 2022-04-08, the
average rate was 5.05%.
The average rate one year ago was 3.06%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.54%.
Terre Haute VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Terre Haute level.
The top Terre Haute VA lender as defined by loan originations is Mortgage Research Center, LLC, with
84 VA loans originated. Their average total fees are
$3,749, which is $724
lower than the next largest lender,
RUOFF MORTGAGE COMPANY, INC..
The lowest fee Terre Haute VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($1,995), Mortgage Research Center, LLC ($3,749), PENNYMAC LOAN SERVICES, LLC ($3,779), QUICKEN LOANS, LLC ($4,271) and NEW DAY FINANCIAL, LLC ($4,443).
The lowest rate Terre Haute VA lenders (with over 10 loans originated) are
NEW DAY FINANCIAL, LLC (2.50%), QUICKEN LOANS, LLC (2.60%), FREEDOM MORTGAGE CORPORATION (2.63%), PENNYMAC LOAN SERVICES, LLC (2.84%) and Mortgage Research Center, LLC (2.93%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Terre Haute (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $79,900 (-5.9%) | $133,624 (9.1%) | 0.29 | 553 |
2018-02-01 | $79,900 (-1.8%) | $137,929 (13.8%) | 0.29 | 523 |
2018-03-01 | $82,000 (-3.4%) | $146,134 (18.1%) | 0.28 | 461 |
2018-04-01 | $89,700 (2.5%) | $147,878 (16.5%) | 0.30 | 488 |
2018-05-01 | $91,700 (2.0%) | $140,448 (3.4%) | 0.31 | 481 |
2018-06-01 | $99,900 (10.5%) | $147,274 (6.6%) | 0.33 | 534 |
2018-07-01 | $109,900 (22.3%) | $147,032 (4.5%) | 0.37 | 533 |
2018-08-01 | $113,900 (26.7%) | $147,923 (3.8%) | 0.38 | 528 |
2018-09-01 | $109,900 (22.3%) | $143,764 (-0.2%) | 0.37 | 587 |
2018-10-01 | $104,950 (17.3%) | $142,509 (2.9%) | 0.35 | 592 |
2018-11-01 | $105,000 (25.1%) | $140,940 (7.5%) | 0.35 | 570 |
2018-12-01 | $96,500 (12.2%) | $136,973 (2.7%) | 0.33 | 541 |
2019-01-01 | $94,950 (18.8%) | $133,350 (-0.2%) | 0.33 | 531 |
2019-02-01 | $90,500 (13.3%) | $135,757 (-1.6%) | 0.30 | 486 |
2019-03-01 | $88,929 (8.5%) | $136,519 (-6.6%) | 0.29 | 452 |
2019-04-01 | $88,879 (-0.9%) | $142,216 (-3.8%) | 0.28 | 422 |
2019-05-01 | $87,400 (-4.7%) | $143,807 (2.4%) | 0.27 | 427 |
2019-06-01 | $88,900 (-11.0%) | $147,419 (0.1%) | 0.27 | 476 |
2019-07-01 | $95,000 (-13.6%) | $149,934 (2.0%) | 0.30 | 493 |
2019-08-01 | $96,714 (-15.1%) | $149,264 (0.9%) | 0.30 | 507 |
2019-09-01 | $96,664 (-12.0%) | $147,501 (2.6%) | 0.31 | 523 |
2019-10-01 | $95,400 (-9.1%) | $142,689 (0.1%) | 0.30 | 546 |
2019-11-01 | $89,900 (-14.4%) | $138,782 (-1.5%) | 0.29 | 515 |
2019-12-01 | $88,000 (-8.8%) | $134,097 (-2.1%) | 0.29 | 484 |
2020-01-01 | $90,075 (-5.1%) | $139,413 (4.6%) | 0.30 | 493 |
2020-02-01 | $94,900 (4.9%) | $138,796 (2.2%) | 0.31 | 527 |
2020-03-01 | $91,900 (3.3%) | $141,745 (3.8%) | 0.29 | 447 |
2020-04-01 | $93,700 (5.4%) | $143,530 (0.9%) | 0.29 | 415 |
2020-05-01 | $100,000 (14.4%) | $161,088 (12.0%) | 0.30 | 369 |
2020-06-01 | $112,200 (26.2%) | $164,857 (11.8%) | 0.33 | 355 |
2020-07-01 | $132,450 (39.4%) | $180,362 (20.3%) | 0.38 | 334 |
2020-08-01 | $114,900 (18.8%) | $180,574 (21.0%) | 0.33 | 345 |
2020-09-01 | $119,900 (24.0%) | $173,223 (17.4%) | 0.34 | 337 |
2020-10-01 | $119,900 (25.7%) | $175,089 (22.7%) | 0.34 | 302 |
2020-11-01 | $99,500 (10.7%) | $170,306 (22.7%) | 0.28 | 330 |
2020-12-01 | $98,250 (11.7%) | $168,237 (25.5%) | 0.29 | 307 |
2021-01-01 | $89,900 (-0.2%) | $165,927 (19.0%) | 0.26 | 267 |
2021-02-01 | $97,500 (2.7%) | $168,096 (21.1%) | 0.28 | 218 |
2021-03-01 | $99,250 (8.0%) | $162,316 (14.5%) | 0.28 | 212 |
2021-04-01 | $124,200 (32.6%) | $180,429 (25.7%) | 0.33 | 187 |
2021-05-01 | $129,900 (29.9%) | $190,178 (18.1%) | 0.34 | 199 |
2021-06-01 | $127,400 (13.6%) | $185,924 (12.8%) | 0.33 | 245 |
2021-07-01 | $121,500 (-8.3%) | $180,005 (-0.2%) | 0.32 | 270 |
2021-08-01 | $134,900 (17.4%) | $196,268 (8.7%) | 0.35 | 289 |
2021-09-01 | $127,200 (6.1%) | $192,433 (11.1%) | 0.33 | 325 |
2021-10-01 | $129,900 (8.3%) | $194,078 (10.9%) | 0.34 | 305 |
2021-11-01 | $127,900 (28.5%) | $194,906 (14.4%) | 0.34 | 268 |
2021-12-01 | $117,450 (19.5%) | $192,078 (14.2%) | 0.31 | 227 |
2022-01-01 | $109,900 (22.3%) | $175,794 (6.0%) | 0.29 | 199 |
2022-02-01 | $104,900 (7.6%) | $162,829 (-3.1%) | 0.27 | 174 |
2022-03-01 | $127,150 (28.1%) | $156,155 (-3.8%) | 0.31 | 172 |
2022-04-01 | $119,000 (-4.2%) | $160,723 (-10.9%) | 0.28 | 171 |
Terre Haute's median listing price comes in at 28% of the national average.
Terre Haute's average listing price for 2022-04-01 was $160,723, a difference of $-19,706 (-10.9%) versus the prior year and $4,568 versus the prior month.
For the 2022-04-01 period, Terre Haute had 171 MLS listings, a difference of -1 listings (-1%) versus the prior month and -16 listings (-9%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Terre Haute (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 84 days | 1,542 sqft |
2018-02-01 | 88 days | 1,532 sqft |
2018-03-01 | 86 days | 1,567 sqft |
2018-04-01 | 60 days | 1,693 sqft |
2018-05-01 | 61 days | 1,672 sqft |
2018-06-01 | 57 days | 1,672 sqft |
2018-07-01 | 58 days | 1,673 sqft |
2018-08-01 | 62 days | 1,726 sqft |
2018-09-01 | 57 days | 1,726 sqft |
2018-10-01 | 64 days | 1,756 sqft |
2018-11-01 | 69 days | 1,705 sqft |
2018-12-01 | 75 days | 1,668 sqft |
2019-01-01 | 84 days | 1,653 sqft |
2019-02-01 | 88 days | 1,619 sqft |
2019-03-01 | 69 days | 1,634 sqft |
2019-04-01 | 55 days | 1,661 sqft |
2019-05-01 | 57 days | 1,624 sqft |
2019-06-01 | 52 days | 1,599 sqft |
2019-07-01 | 56 days | 1,599 sqft |
2019-08-01 | 64 days | 1,599 sqft |
2019-09-01 | 64 days | 1,599 sqft |
2019-10-01 | 66 days | 1,592 sqft |
2019-11-01 | 71 days | 1,568 sqft |
2019-12-01 | 81 days | 1,542 sqft |
2020-01-01 | 81 days | 1,554 sqft |
2020-02-01 | 80 days | 1,524 sqft |
2020-03-01 | 60 days | 1,488 sqft |
2020-04-01 | 67 days | 1,493 sqft |
2020-05-01 | 81 days | 1,562 sqft |
2020-06-01 | 83 days | 1,599 sqft |
2020-07-01 | 64 days | 1,599 sqft |
2020-08-01 | 59 days | 1,598 sqft |
2020-09-01 | 53 days | 1,578 sqft |
2020-10-01 | 59 days | 1,593 sqft |
2020-11-01 | 55 days | 1,599 sqft |
2020-12-01 | 60 days | 1,584 sqft |
2021-01-01 | 79 days | 1,512 sqft |
2021-02-01 | 89 days | 1,539 sqft |
2021-03-01 | 78 days | 1,500 sqft |
2021-04-01 | 68 days | 1,599 sqft |
2021-05-01 | 49 days | 1,599 sqft |
2021-06-01 | 34 days | 1,601 sqft |
2021-07-01 | 38 days | 1,607 sqft |
2021-08-01 | 44 days | 1,686 sqft |
2021-09-01 | 45 days | 1,664 sqft |
2021-10-01 | 50 days | 1,599 sqft |
2021-11-01 | 52 days | 1,512 sqft |
2021-12-01 | 64 days | 1,511 sqft |
2022-01-01 | 69 days | 1,488 sqft |
2022-02-01 | 72 days | 1,522 sqft |
2022-03-01 | 44 days | 1,484 sqft |
2022-04-01 | 43 days | 1,536 sqft |
Terre Haute's median square footage for active listings during the 2022-04-01 period was 1,536 sqft. One year prior, the average listing was 1,599 sqft.