Vincennes VA Loan Rates, Closing Costs & Stats

Vincennes, IN

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.97% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Vincennes's average VA mortgage closing costs are $4,198.

    The average rate for the prior week (2024-04-12) was 7.1% and one month ago for the week of 2024-03-15, the average rate was 6.96%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

    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 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
    Vincennes's median listing price for 2024-03-01 was $192,000, a difference of $12,250 (6.8%) versus the prior year and $-2,800 versus the prior month.

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

    Vincennes's average listing price for 2024-03-01 was $248,845, a difference of $3,783 (1.5%) versus the prior year and $22,458 versus the prior month.

    For the 2024-03-01 period, Vincennes had 63 MLS listings, a difference of 6 listings (11%) versus the prior month and 22 listings (54%) 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
    Vincennes's median listing age (time on market) for 2024-03-01 was 0 days.

    Vincennes's median square footage for active listings during the 2024-03-01 period was 1,694 sqft. One year prior, the average listing was 1,869 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.