Wabash VA Loan Rates, Closing Costs & Stats

Wabash, 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.

    Wabash's 22 lenders originated 37 VA loans during 2023. The total origination value was $7,265,000, with an average VA loan value of $196,351.

    Wabash VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Wabash averaged 7.27% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Wabash's average VA mortgage closing costs are $3,903.

    The average rate for the prior week (2024-04-12) was 6.7% and one month ago for the week of 2024-03-15, the average rate was 6.66%.

    The average rate one year ago was 6.35%.

    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.

    Wabash 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 Wabash level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 8 7.06% $4,312
    UNITED WHOLESALE MORTGAGE, LLC 3 5.75% $6,948
    NEWREZ LLC 3 7.17% $8,804
    UNION HOME MORTGAGE CORP. 2 6.94% $4,062
    USAA Federal Savings Bank 2 6.00% $6,814
    RUOFF MORTGAGE COMPANY, INC. 2 6.19% $3,834
    LOANDEPOT.COM, LLC 1 7.63% $7,024
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $595
    MOVEMENT MORTGAGE, LLC 1 7.25% $2,271
    NAVY FEDERAL CREDIT UNION 1 6.38% $1,622
    NBKC BANK 1 7.00% $160
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $10,202
    QUICKEN LOANS, LLC 1 5.99% $6,172
    The Federal Savings Bank 1 6.75% $7,178
    VILLAGE CAPITAL MORTGAGE 1 6.25% $6,884
    Barrington Bank & Trust Company, N.A. 1 7.25% $2,878
    Waterstone Mortgage Corporation 1 7.13% $6,288
    CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $5,432
    FIDELITY BANK 1 7.25% $4,853
    Flagstar Bank, FSB 1 7.75% $10,047
    FREEDOM MORTGAGE CORPORATION 1 7.25% $7,539
    GUARANTEED RATE, INC. 1 7.25% $0

    The top Wabash VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8 VA loans originated. Their average total fees are $4,312, which is $2,636 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Wabash VA lenders (with over 10 loans originated) are .

    The lowest rate Wabash VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Wabash (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 $92,450 (10.6%) $126,013 (10.7%) 0.00 122
    2018-02-01 $89,225 (7.8%) $124,199 (11.0%) 0.00 121
    2018-03-01 $97,500 (14.9%) $129,874 (9.7%) 0.00 126
    2018-04-01 $89,350 (5.1%) $127,462 (6.9%) 0.00 136
    2018-05-01 $100,575 (18.0%) $137,935 (29.5%) 0.00 149
    2018-06-01 $92,250 (5.6%) $131,096 (16.6%) 0.00 157
    2018-07-01 $97,075 (8.8%) $138,514 (10.1%) 0.00 156
    2018-08-01 $92,225 (2.1%) $141,464 (8.7%) 0.00 151
    2018-09-01 $99,700 (5.5%) $148,258 (11.7%) 0.00 133
    2018-10-01 $98,950 (-1.0%) $153,176 (14.9%) 0.00 126
    2018-11-01 $99,225 (-0.2%) $142,894 (6.7%) 0.00 132
    2018-12-01 $99,000 (2.3%) $147,132 (14.5%) 0.00 120
    2019-01-01 $99,900 (8.1%) $152,273 (20.8%) 0.00 110
    2019-02-01 $102,400 (14.8%) $153,763 (23.8%) 0.00 107
    2019-03-01 $97,043 (-0.5%) $143,765 (10.7%) 0.00 106
    2019-04-01 $95,793 (7.2%) $137,067 (7.5%) 0.00 98
    2019-05-01 $99,200 (-1.4%) $145,478 (5.5%) 0.00 94
    2019-06-01 $119,990 (30.1%) $156,100 (19.1%) 0.00 97
    2019-07-01 $127,500 (31.3%) $168,860 (21.9%) 0.00 112
    2019-08-01 $128,270 (39.1%) $169,935 (20.1%) 0.00 126
    2019-09-01 $128,675 (29.1%) $172,652 (16.5%) 0.00 129
    2019-10-01 $128,945 (30.3%) $173,754 (13.4%) 0.00 132
    2019-11-01 $128,990 (30.0%) $167,959 (17.5%) 0.00 119
    2019-12-01 $124,723 (26.0%) $158,405 (7.7%) 0.00 106
    2020-01-01 $119,950 (20.1%) $148,450 (-2.5%) 0.00 90
    2020-02-01 $119,900 (17.1%) $140,643 (-8.5%) 0.00 79
    2020-03-01 $119,000 (22.6%) $141,975 (-1.3%) 0.00 93
    2020-04-01 $122,450 (27.8%) $151,412 (10.5%) 0.00 85
    2020-05-01 $124,200 (25.2%) $138,675 (-4.7%) 0.00 71
    2020-06-01 $138,475 (15.4%) $167,575 (7.4%) 0.00 61
    2020-07-01 $141,550 (11.0%) $168,515 (-0.2%) 0.00 71
    2020-08-01 $139,000 (8.4%) $183,409 (7.9%) 0.00 59
    2020-09-01 $142,400 (10.7%) $185,052 (7.2%) 0.00 63
    2020-10-01 $140,000 (8.6%) $176,978 (1.9%) 0.00 60
    2020-11-01 $128,475 (-0.4%) $182,703 (8.8%) 0.00 59
    2020-12-01 $123,725 (-0.8%) $179,825 (13.5%) 0.00 45
    2021-01-01 $139,875 (16.6%) $184,555 (24.3%) 0.00 39
    2021-02-01 $144,600 (20.6%) $188,056 (33.7%) 0.00 38
    2021-03-01 $162,250 (36.3%) $220,417 (55.3%) 0.00 35
    2021-04-01 $176,844 (44.4%) $224,262 (48.1%) 0.00 37
    2021-05-01 $152,000 (22.4%) $202,811 (46.3%) 0.00 43
    2021-06-01 $134,325 (-3.0%) $199,247 (18.9%) 0.00 36
    2021-07-01 $134,450 (-5.0%) $191,841 (13.8%) 0.00 40
    2021-08-01 $150,175 (8.0%) $199,113 (8.6%) 0.00 47
    2021-09-01 $135,625 (-4.8%) $201,702 (9.0%) 0.00 50
    2021-10-01 $139,900 (-0.1%) $207,175 (17.1%) 0.00 38
    2021-11-01 $142,425 (10.9%) $197,687 (8.2%) 0.00 36
    2021-12-01 $147,425 (19.2%) $204,531 (13.7%) 0.00 33
    2022-01-01 $149,900 (7.2%) $189,753 (2.8%) 0.00 27
    2022-02-01 $144,900 (0.2%) $181,885 (-3.3%) 0.00 24
    2022-03-01 $143,650 (-11.5%) $170,747 (-22.5%) 0.00 21
    2022-04-01 $139,900 (-20.9%) $179,960 (-19.8%) 0.00 21
    2022-05-01 $144,675 (-4.8%) $269,612 (32.9%) 0.00 28
    2022-06-01 $155,950 (16.1%) $243,839 (22.4%) 0.00 38
    2022-07-01 $150,950 (12.3%) $233,750 (21.9%) 0.00 50
    2022-08-01 $147,175 (-2.0%) $188,348 (-5.4%) 0.00 43
    2022-09-01 $140,000 (3.2%) $180,162 (-10.7%) 0.00 46
    2022-10-01 $149,900 (7.2%) $184,048 (-11.2%) 0.00 55
    2022-11-01 $139,900 (-1.8%) $176,022 (-11.0%) 0.00 56
    2022-12-01 $174,900 (18.6%) $211,338 (3.3%) 0.00 52
    2023-01-01 $179,150 (19.5%) $218,737 (15.3%) 0.00 49
    2023-02-01 $181,150 (25.0%) $227,198 (24.9%) 0.00 39
    2023-03-01 $208,999 (45.5%) $284,336 (66.5%) 0.00 29
    2023-04-01 $227,449 (62.6%) $262,681 (46.0%) 0.00 29
    2023-05-01 $212,950 (47.2%) $272,473 (1.1%) 0.00 33
    2023-06-01 $209,925 (34.6%) $291,858 (19.7%) 0.00 29
    2023-07-01 $189,900 (25.8%) $259,966 (11.2%) 0.00 34
    2023-08-01 $180,475 (22.6%) $236,693 (25.7%) 0.00 43
    2023-09-01 $179,900 (28.5%) $238,976 (32.6%) 0.00 55
    2023-10-01 $165,950 (10.7%) $213,199 (15.8%) 0.00 59
    2023-11-01 $173,450 (24.0%) $217,472 (23.6%) 0.00 56
    2023-12-01 $183,000 (4.6%) $207,339 (-1.9%) 0.00 44
    2024-01-01 $180,200 (0.6%) $190,087 (-13.1%) 0.00 37
    2024-02-01 $183,500 (1.3%) $192,171 (-15.4%) 0.00 41
    2024-03-01 $189,000 (-9.6%) $187,545 (-34.0%) 0.00 34
    Wabash's median listing price for 2024-03-01 was $189,000, a difference of $-19,999 (-9.6%) versus the prior year and $5,500 versus the prior month.

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

    Wabash's average listing price for 2024-03-01 was $187,545, a difference of $-96,791 (-34.0%) versus the prior year and $-4,626 versus the prior month.

    For the 2024-03-01 period, Wabash had 34 MLS listings, a difference of -7 listings (-17%) versus the prior month and 5 listings (17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Wabash (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,616 sqft
    2018-02-01 0 days 1,620 sqft
    2018-03-01 0 days 1,664 sqft
    2018-04-01 0 days 1,646 sqft
    2018-05-01 0 days 1,670 sqft
    2018-06-01 0 days 1,643 sqft
    2018-07-01 0 days 1,620 sqft
    2018-08-01 0 days 1,521 sqft
    2018-09-01 0 days 1,624 sqft
    2018-10-01 0 days 1,678 sqft
    2018-11-01 0 days 1,678 sqft
    2018-12-01 0 days 1,683 sqft
    2019-01-01 0 days 1,672 sqft
    2019-02-01 0 days 1,759 sqft
    2019-03-01 0 days 1,706 sqft
    2019-04-01 0 days 1,636 sqft
    2019-05-01 0 days 1,673 sqft
    2019-06-01 0 days 1,638 sqft
    2019-07-01 0 days 1,657 sqft
    2019-08-01 0 days 1,665 sqft
    2019-09-01 0 days 1,715 sqft
    2019-10-01 0 days 1,754 sqft
    2019-11-01 0 days 1,759 sqft
    2019-12-01 0 days 1,806 sqft
    2020-01-01 0 days 1,806 sqft
    2020-02-01 0 days 1,759 sqft
    2020-03-01 0 days 1,654 sqft
    2020-04-01 0 days 1,724 sqft
    2020-05-01 0 days 1,700 sqft
    2020-06-01 0 days 1,792 sqft
    2020-07-01 0 days 1,839 sqft
    2020-08-01 0 days 1,630 sqft
    2020-09-01 0 days 1,655 sqft
    2020-10-01 0 days 1,872 sqft
    2020-11-01 0 days 1,844 sqft
    2020-12-01 0 days 1,702 sqft
    2021-01-01 0 days 1,606 sqft
    2021-02-01 0 days 1,646 sqft
    2021-03-01 0 days 1,814 sqft
    2021-04-01 0 days 1,778 sqft
    2021-05-01 0 days 1,768 sqft
    2021-06-01 0 days 1,650 sqft
    2021-07-01 0 days 1,745 sqft
    2021-08-01 0 days 1,829 sqft
    2021-09-01 0 days 1,890 sqft
    2021-10-01 0 days 1,904 sqft
    2021-11-01 0 days 1,912 sqft
    2021-12-01 0 days 1,721 sqft
    2022-01-01 0 days 1,591 sqft
    2022-02-01 0 days 1,541 sqft
    2022-03-01 0 days 1,534 sqft
    2022-04-01 0 days 1,512 sqft
    2022-05-01 0 days 1,702 sqft
    2022-06-01 0 days 1,718 sqft
    2022-07-01 0 days 1,689 sqft
    2022-08-01 0 days 1,669 sqft
    2022-09-01 0 days 1,636 sqft
    2022-10-01 0 days 1,632 sqft
    2022-11-01 0 days 1,541 sqft
    2022-12-01 0 days 1,678 sqft
    2023-01-01 0 days 1,678 sqft
    2023-02-01 0 days 1,672 sqft
    2023-03-01 0 days 1,790 sqft
    2023-04-01 0 days 1,812 sqft
    2023-05-01 0 days 1,685 sqft
    2023-06-01 0 days 1,640 sqft
    2023-07-01 0 days 1,718 sqft
    2023-08-01 0 days 1,840 sqft
    2023-09-01 0 days 1,840 sqft
    2023-10-01 0 days 1,759 sqft
    2023-11-01 0 days 1,748 sqft
    2023-12-01 0 days 1,830 sqft
    2024-01-01 0 days 1,669 sqft
    2024-02-01 0 days 1,609 sqft
    2024-03-01 0 days 1,703 sqft
    Wabash's median listing age (time on market) for 2024-03-01 was 0 days.

    Wabash's median square footage for active listings during the 2024-03-01 period was 1,703 sqft. One year prior, the average listing was 1,790 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.