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 10 lenders originated 21 VA loans during 2023. The total origination value was $4,895,000, with an average VA loan value of $233,095.
Vincennes VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Vincennes
averaged
6.65%
for the week of 2024-11-08, compared to the national average (all VA variants) of
6.34% for the same period.
Vincennes's average VA mortgage closing costs are $4,198.
The average rate for the prior week (2024-11-01) was
6.71% and
one month ago for the week of 2024-10-04, the
average rate was 6.13%.
The average rate one year ago was 7.79%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.14%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 9 | 6.93% | $7,693 |
| QUICKEN LOANS, LLC | 3 | 6.49% | $5,763 |
| German American Bank | 2 | 5.69% | $3,444 |
| NAVY FEDERAL CREDIT UNION | 1 | 6.25% | $1,623 |
| NEW DAY FINANCIAL, LLC | 1 | 7.25% | $6,932 |
| USAA Federal Savings Bank | 1 | 5.38% | $7,259 |
| Bank of England | 1 | 6.75% | $1,382 |
| Wells Fargo Bank | 1 | 6.13% | $3,453 |
| EVANSVILLE TEACHERS | 1 | 7.63% | $3,077 |
| FREEDOM MORTGAGE CORPORATION | 1 | 6.75% | $12,591 |
The top Vincennes VA lender as defined by loan originations is Mortgage Research Center, LLC, with
9 VA loans originated. Their average total fees are
$7,693, which is $1,930
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Vincennes VA lenders (with over 10 loans originated) are
.
The lowest rate Vincennes VA lenders (with over 10 loans originated) are
.
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 |
| 2024-01-01 | $176,150 (21.5%) | $208,822 (2.2%) | 0.00 | 71 |
| 2024-02-01 | $194,800 (22.1%) | $226,387 (4.9%) | 0.00 | 57 |
| 2024-03-01 | $192,000 (6.8%) | $248,845 (1.5%) | 0.00 | 63 |
| 2024-04-01 | $207,450 (22.1%) | $265,449 (8.4%) | 0.00 | 66 |
| 2024-05-01 | $199,900 (-2.2%) | $257,666 (-9.0%) | 0.00 | 71 |
| 2024-06-01 | $197,200 (-0.7%) | $237,961 (-14.9%) | 0.00 | 74 |
| 2024-07-01 | $185,925 (3.4%) | $226,123 (-11.7%) | 0.00 | 72 |
| 2024-08-01 | $199,900 (23.5%) | $239,909 (5.1%) | 0.00 | 77 |
| 2024-09-01 | $165,050 (9.2%) | $219,294 (17.6%) | 0.00 | 96 |
| 2024-10-01 | $154,625 (3.2%) | $212,469 (3.2%) | 0.00 | 95 |
Vincennes's median listing price comes in at 0% of the national average.
Vincennes's average listing price for 2024-10-01 was $212,469, a difference of $6,591 (3.2%) versus the prior year and $-6,825 versus the prior month.
For the 2024-10-01 period, Vincennes had 95 MLS listings, a difference of -1 listings (-1%) versus the prior month and 40 listings (73%) 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 |
| 2024-01-01 | 0 days | 1,598 sqft |
| 2024-02-01 | 0 days | 1,663 sqft |
| 2024-03-01 | 0 days | 1,694 sqft |
| 2024-04-01 | 0 days | 1,788 sqft |
| 2024-05-01 | 0 days | 1,737 sqft |
| 2024-06-01 | 0 days | 1,702 sqft |
| 2024-07-01 | 0 days | 1,716 sqft |
| 2024-08-01 | 0 days | 1,624 sqft |
| 2024-09-01 | 0 days | 1,511 sqft |
| 2024-10-01 | 0 days | 1,487 sqft |
Vincennes's median square footage for active listings during the 2024-10-01 period was 1,487 sqft. One year prior, the average listing was 1,717 sqft.