Vincennes VA Loan Rates, Closing Costs & Stats

Vincennes, 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.

Vincennes's 23 lenders originated 50 VA loans during 2022. The total origination value was $9,230,000, with an average VA loan value of $184,600.

Vincennes VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Vincennes averaged -0.03% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Vincennes's average VA mortgage closing costs are $4,000.

The average rate for the prior week (2024-02-16) was 6.75% and one month ago for the week of 2024-01-19, the average rate was 6.5%.

The average rate one year ago was 6.42%.

For refis of the same type during the week of 2024-02-23, the average rate was 0.2%.

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

Vincennes 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 Vincennes level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 14 5.03% $3,019
QUICKEN LOANS, LLC 4 3.37% $4,019
RUOFF MORTGAGE COMPANY, INC. 3 5.21% $7,197
MORTGAGE MASTERS OF INDIANA, INC. 3 4.88% $2,109
FREEDOM MORTGAGE CORPORATION 2 4.31% $5,986
Mid-Continent Funding, Inc. 2 6.06% $4,971
NEW DAY FINANCIAL, LLC 2 5.24% $6,899
LOANDEPOT.COM, LLC 1 4.50% $11,164
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $1,303
MOVEMENT MORTGAGE, LLC 1 7.25% $1,532
PENNYMAC LOAN SERVICES, LLC 1 3.25% $3,030
Regions Bank 1 5.38% $1,310
The Federal Savings Bank 1 3.50% $21,645
USAA Federal Savings Bank 1 3.50% $10,308
VILLAGE CAPITAL MORTGAGE 1 2.25% $2,887
AMERISAVE MORTGAGE CORPORATION 1 4.63% $6,124
Wells Fargo Bank 1 3.50% $9,311
Bank of England 1 5.63% $8,442
Blue Ridge Bank 1 6.13% $5,061
CALIBER HOME LOANS, INC. 1 5.75% $5,462
CARDINAL FINANCIAL 1 6.75% $5,252
Equity Prime Mortgage LLC 1 5.88% $1,219
EVANSVILLE TEACHERS 1 6.75% $2,752

The top Vincennes VA lender as defined by loan originations is Mortgage Research Center, LLC, with 14 VA loans originated. Their average total fees are $3,019, which is $999 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Vincennes VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,019), .

The lowest rate Vincennes VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (5.03%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Vincennes (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 $69,900 (-12.5%) $119,907 (-2.9%) 0.00 109
2018-02-01 $74,750 (-6.5%) $121,418 (-1.3%) 0.00 104
2018-03-01 $70,500 (-11.8%) $117,498 (-5.7%) 0.00 107
2018-04-01 $72,925 (-8.7%) $120,430 (-3.6%) 0.00 110
2018-05-01 $88,725 (13.2%) $136,853 (14.7%) 0.00 121
2018-06-01 $99,000 (23.9%) $152,958 (20.1%) 0.00 115
2018-07-01 $104,900 (17.0%) $146,574 (5.0%) 0.00 118
2018-08-01 $104,900 (5.8%) $148,487 (-2.2%) 0.00 112
2018-09-01 $104,000 (-0.9%) $157,837 (0.5%) 0.00 111
2018-10-01 $114,950 (18.0%) $167,240 (12.4%) 0.00 102
2018-11-01 $97,400 (6.1%) $159,010 (13.4%) 0.00 104
2018-12-01 $89,900 (30.5%) $157,448 (33.3%) 0.00 102
2019-01-01 $89,900 (28.6%) $154,380 (28.8%) 0.00 107
2019-02-01 $81,150 (8.6%) $153,537 (26.5%) 0.00 101
2019-03-01 $82,043 (16.4%) $155,169 (32.1%) 0.00 92
2019-04-01 $82,043 (12.5%) $157,991 (31.2%) 0.00 88
2019-05-01 $107,475 (21.1%) $176,147 (28.7%) 0.00 85
2019-06-01 $135,900 (37.3%) $189,631 (24.0%) 0.00 82
2019-07-01 $144,975 (38.2%) $187,748 (28.1%) 0.00 99
2019-08-01 $146,336 (39.5%) $181,446 (22.2%) 0.00 106
2019-09-01 $148,341 (42.6%) $181,872 (15.2%) 0.00 106
2019-10-01 $145,327 (26.4%) $179,652 (7.4%) 0.00 106
2019-11-01 $141,200 (45.0%) $172,565 (8.5%) 0.00 93
2019-12-01 $124,900 (38.9%) $170,958 (8.6%) 0.00 88
2020-01-01 $132,500 (47.4%) $172,989 (12.1%) 0.00 80
2020-02-01 $112,450 (38.6%) $164,046 (6.8%) 0.00 75
2020-03-01 $96,150 (17.2%) $157,398 (1.4%) 0.00 73
2020-04-01 $83,250 (1.5%) $146,441 (-7.3%) 0.00 65
2020-05-01 $79,900 (-25.7%) $144,941 (-17.7%) 0.00 60
2020-06-01 $74,900 (-44.9%) $152,787 (-19.4%) 0.00 54
2020-07-01 $102,900 (-29.0%) $165,240 (-12.0%) 0.00 54
2020-08-01 $98,950 (-32.4%) $152,800 (-15.8%) 0.00 63
2020-09-01 $97,425 (-34.3%) $156,817 (-13.8%) 0.00 60
2020-10-01 $126,000 (-13.3%) $158,941 (-11.5%) 0.00 57
2020-11-01 $122,900 (-13.0%) $163,354 (-5.3%) 0.00 61
2020-12-01 $97,500 (-21.9%) $148,398 (-13.2%) 0.00 65
2021-01-01 $96,250 (-27.4%) $144,919 (-16.2%) 0.00 60
2021-02-01 $106,950 (-4.9%) $164,985 (0.6%) 0.00 54
2021-03-01 $113,200 (17.7%) $167,433 (6.4%) 0.00 48
2021-04-01 $93,248 (12.0%) $180,786 (23.5%) 0.00 36
2021-05-01 $73,500 (-8.0%) $155,801 (7.5%) 0.00 36
2021-06-01 $96,950 (29.4%) $147,616 (-3.4%) 0.00 34
2021-07-01 $87,500 (-15.0%) $144,853 (-12.3%) 0.00 37
2021-08-01 $112,450 (13.6%) $156,181 (2.2%) 0.00 47
2021-09-01 $127,475 (30.8%) $173,066 (10.4%) 0.00 55
2021-10-01 $124,950 (-0.8%) $168,145 (5.8%) 0.00 66
2021-11-01 $120,200 (-2.2%) $169,180 (3.6%) 0.00 59
2021-12-01 $121,950 (25.1%) $167,711 (13.0%) 0.00 59
2022-01-01 $104,950 (9.0%) $164,070 (13.2%) 0.00 48
2022-02-01 $104,850 (-2.0%) $158,086 (-4.2%) 0.00 44
2022-03-01 $102,300 (-9.6%) $140,822 (-15.9%) 0.00 37
2022-04-01 $84,900 (-9.0%) $127,094 (-29.7%) 0.00 40
2022-05-01 $103,125 (40.3%) $148,002 (-5.0%) 0.00 45
2022-06-01 $124,900 (28.8%) $160,882 (9.0%) 0.00 55
2022-07-01 $135,000 (54.3%) $162,834 (12.4%) 0.00 59
2022-08-01 $147,475 (31.2%) $169,203 (8.3%) 0.00 59
2022-09-01 $166,600 (30.7%) $205,192 (18.6%) 0.00 66
2022-10-01 $165,500 (32.5%) $215,350 (28.1%) 0.00 68
2022-11-01 $163,750 (36.2%) $211,550 (25.0%) 0.00 69
2022-12-01 $150,000 (23.0%) $208,751 (24.5%) 0.00 60
2023-01-01 $144,950 (38.1%) $204,279 (24.5%) 0.00 49
2023-02-01 $159,500 (52.1%) $215,921 (36.6%) 0.00 48
2023-03-01 $179,750 (75.7%) $245,062 (74.0%) 0.00 41
2023-04-01 $169,900 (100.1%) $244,941 (92.7%) 0.00 39
2023-05-01 $204,325 (98.1%) $283,170 (91.3%) 0.00 39
2023-06-01 $198,675 (59.1%) $279,551 (73.8%) 0.00 41
2023-07-01 $179,900 (33.3%) $256,149 (57.3%) 0.00 53
2023-08-01 $161,850 (9.8%) $228,215 (34.9%) 0.00 48
2023-09-01 $151,200 (-9.2%) $186,457 (-9.1%) 0.00 52
2023-10-01 $149,900 (-9.4%) $205,878 (-4.4%) 0.00 55
2023-11-01 $161,050 (-1.7%) $207,956 (-1.7%) 0.00 72
2023-12-01 $169,900 (13.3%) $205,399 (-1.6%) 0.00 72
Vincennes's median listing price for 2023-12-01 was $169,900, a difference of $19,900 (13.3%) versus the prior year and $8,850 versus the prior month.

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

Vincennes's average listing price for 2023-12-01 was $205,399, a difference of $-3,352 (-1.6%) versus the prior year and $-2,557 versus the prior month.

For the 2023-12-01 period, Vincennes had 72 MLS listings, a difference of 0 listings (0%) versus the prior month and 12 listings (20%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Vincennes (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,374 sqft
2018-02-01 0 days 1,403 sqft
2018-03-01 0 days 1,409 sqft
2018-04-01 0 days 1,420 sqft
2018-05-01 0 days 1,575 sqft
2018-06-01 0 days 1,628 sqft
2018-07-01 0 days 1,613 sqft
2018-08-01 0 days 1,600 sqft
2018-09-01 0 days 1,628 sqft
2018-10-01 0 days 1,619 sqft
2018-11-01 0 days 1,561 sqft
2018-12-01 0 days 1,571 sqft
2019-01-01 0 days 1,570 sqft
2019-02-01 0 days 1,517 sqft
2019-03-01 0 days 1,504 sqft
2019-04-01 0 days 1,521 sqft
2019-05-01 0 days 1,592 sqft
2019-06-01 0 days 1,623 sqft
2019-07-01 0 days 1,628 sqft
2019-08-01 0 days 1,626 sqft
2019-09-01 0 days 1,624 sqft
2019-10-01 0 days 1,630 sqft
2019-11-01 0 days 1,663 sqft
2019-12-01 0 days 1,675 sqft
2020-01-01 0 days 1,724 sqft
2020-02-01 0 days 1,703 sqft
2020-03-01 0 days 1,630 sqft
2020-04-01 0 days 1,558 sqft
2020-05-01 0 days 1,471 sqft
2020-06-01 0 days 1,430 sqft
2020-07-01 0 days 1,506 sqft
2020-08-01 0 days 1,509 sqft
2020-09-01 0 days 1,549 sqft
2020-10-01 0 days 1,557 sqft
2020-11-01 0 days 1,633 sqft
2020-12-01 0 days 1,570 sqft
2021-01-01 0 days 1,589 sqft
2021-02-01 0 days 1,538 sqft
2021-03-01 0 days 1,473 sqft
2021-04-01 0 days 1,609 sqft
2021-05-01 0 days 1,540 sqft
2021-06-01 0 days 1,438 sqft
2021-07-01 0 days 1,456 sqft
2021-08-01 0 days 1,516 sqft
2021-09-01 0 days 1,518 sqft
2021-10-01 0 days 1,392 sqft
2021-11-01 0 days 1,510 sqft
2021-12-01 0 days 1,550 sqft
2022-01-01 0 days 1,551 sqft
2022-02-01 0 days 1,547 sqft
2022-03-01 0 days 1,448 sqft
2022-04-01 0 days 1,369 sqft
2022-05-01 0 days 1,578 sqft
2022-06-01 0 days 1,671 sqft
2022-07-01 0 days 1,768 sqft
2022-08-01 0 days 1,706 sqft
2022-09-01 0 days 1,768 sqft
2022-10-01 0 days 1,884 sqft
2022-11-01 0 days 1,823 sqft
2022-12-01 0 days 1,774 sqft
2023-01-01 0 days 1,672 sqft
2023-02-01 0 days 1,728 sqft
2023-03-01 0 days 1,869 sqft
2023-04-01 0 days 1,920 sqft
2023-05-01 0 days 2,044 sqft
2023-06-01 0 days 1,969 sqft
2023-07-01 0 days 1,944 sqft
2023-08-01 0 days 1,734 sqft
2023-09-01 0 days 1,698 sqft
2023-10-01 0 days 1,717 sqft
2023-11-01 0 days 1,681 sqft
2023-12-01 0 days 1,632 sqft
Vincennes's median listing age (time on market) for 2023-12-01 was 0 days.

Vincennes's median square footage for active listings during the 2023-12-01 period was 1,632 sqft. One year prior, the average listing was 1,774 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.