Warsaw VA Loan Rates, Closing Costs & Stats

Warsaw, 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.

    Warsaw's 22 lenders originated 52 VA loans during 2023. The total origination value was $13,700,000, with an average VA loan value of $263,462.

    Warsaw VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Warsaw averaged 7.14% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Warsaw's average VA mortgage closing costs are $5,242.

    The average rate for the prior week (2024-04-12) was 6.97% and one month ago for the week of 2024-03-15, the average rate was 7.04%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2024-04-19, the average rate was 8.38%.

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

    Warsaw 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 Warsaw level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 14 6.74% $6,175
    RUOFF MORTGAGE COMPANY, INC. 9 7.10% $4,014
    CARDINAL FINANCIAL 4 7.00% $9,209
    QUICKEN LOANS, LLC 3 6.25% $7,019
    Barrington Bank & Trust Company, N.A. 2 6.25% $9,145
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.75% $2,208
    FREEDOM MORTGAGE CORPORATION 2 6.50% $19,179
    NAVY FEDERAL CREDIT UNION 1 6.00% $2,153
    PENNYMAC LOAN SERVICES, LLC 1 5.50% $15,503
    SUN WEST MORTGAGE COMPANY, INC. 1 5.72% $8,248
    TEACHERS CREDIT UNION 1 6.75% $5,940
    UNITED WHOLESALE MORTGAGE, LLC 1 6.60% $18,599
    USAA Federal Savings Bank 1 7.13% $5,090
    VAN DYK MORTGAGE CORPORATION 1 7.00% $1,404
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.38% $4,320
    VILLAGE CAPITAL MORTGAGE 1 5.75% $2,465
    CROSSCOUNTRY MORTGAGE, LLC 1 7.19% $6,596
    GENEVA FINANCIAL, LLC 1 7.25% $14,042
    HALLMARK HOME MORTGAGE, LLC 1 7.25% $3,006
    Horizon Bank 1 7.00% $1,508
    Mid-Continent Funding, Inc. 1 5.99% $2,952
    MOVEMENT MORTGAGE, LLC 1 7.13% $21,088

    The top Warsaw VA lender as defined by loan originations is Mortgage Research Center, LLC, with 14 VA loans originated. Their average total fees are $6,175, which is $2,162 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Warsaw VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,175), .

    The lowest rate Warsaw VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.74%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Warsaw (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 $230,925 (17.9%) $357,713 (17.9%) 0.00 298
    2018-02-01 $225,950 (6.8%) $352,718 (4.7%) 0.00 301
    2018-03-01 $249,900 (11.1%) $367,955 (3.9%) 0.00 312
    2018-04-01 $269,375 (11.7%) $386,852 (-0.8%) 0.00 336
    2018-05-01 $258,850 (6.8%) $388,138 (-2.9%) 0.00 382
    2018-06-01 $247,900 (3.3%) $383,682 (0.6%) 0.00 402
    2018-07-01 $244,223 (2.2%) $368,648 (2.8%) 0.00 395
    2018-08-01 $234,900 (4.8%) $354,374 (2.6%) 0.00 389
    2018-09-01 $229,900 (2.2%) $343,820 (0.2%) 0.00 367
    2018-10-01 $219,900 (0.0%) $328,106 (-2.5%) 0.00 342
    2018-11-01 $221,200 (-4.8%) $312,583 (-10.1%) 0.00 280
    2018-12-01 $214,900 (-8.6%) $310,159 (-11.2%) 0.00 247
    2019-01-01 $210,645 (-8.8%) $291,740 (-18.4%) 0.00 241
    2019-02-01 $223,750 (-1.0%) $307,379 (-12.9%) 0.00 239
    2019-03-01 $241,514 (-3.4%) $353,055 (-4.1%) 0.00 232
    2019-04-01 $258,450 (-4.1%) $395,773 (2.3%) 0.00 232
    2019-05-01 $257,425 (-0.6%) $395,800 (2.0%) 0.00 263
    2019-06-01 $277,000 (11.7%) $404,068 (5.3%) 0.00 256
    2019-07-01 $261,625 (7.1%) $407,919 (10.7%) 0.00 262
    2019-08-01 $249,900 (6.4%) $406,581 (14.7%) 0.00 259
    2019-09-01 $249,900 (8.7%) $399,337 (16.2%) 0.00 262
    2019-10-01 $249,900 (13.6%) $394,508 (20.2%) 0.00 263
    2019-11-01 $240,000 (8.5%) $375,726 (20.2%) 0.00 244
    2019-12-01 $240,125 (11.7%) $352,269 (13.6%) 0.00 210
    2020-01-01 $247,475 (17.5%) $377,750 (29.5%) 0.00 185
    2020-02-01 $256,450 (14.6%) $394,689 (28.4%) 0.00 174
    2020-03-01 $284,900 (18.0%) $413,122 (17.0%) 0.00 171
    2020-04-01 $284,450 (10.1%) $395,393 (-0.1%) 0.00 178
    2020-05-01 $279,900 (8.7%) $394,406 (-0.4%) 0.00 173
    2020-06-01 $297,875 (7.5%) $461,366 (14.2%) 0.00 156
    2020-07-01 $270,975 (3.6%) $451,123 (10.6%) 0.00 129
    2020-08-01 $264,900 (6.0%) $418,455 (2.9%) 0.00 107
    2020-09-01 $263,125 (5.3%) $396,411 (-0.7%) 0.00 110
    2020-10-01 $241,950 (-3.2%) $383,223 (-2.9%) 0.00 113
    2020-11-01 $236,625 (-1.4%) $375,226 (-0.1%) 0.00 118
    2020-12-01 $238,000 (-0.9%) $330,231 (-6.3%) 0.00 95
    2021-01-01 $254,900 (3.0%) $396,608 (5.0%) 0.00 77
    2021-02-01 $299,900 (16.9%) $466,499 (18.2%) 0.00 68
    2021-03-01 $304,900 (7.0%) $482,994 (16.9%) 0.00 60
    2021-04-01 $303,900 (6.8%) $527,826 (33.5%) 0.00 63
    2021-05-01 $294,900 (5.4%) $515,156 (30.6%) 0.00 62
    2021-06-01 $311,175 (4.5%) $557,536 (20.8%) 0.00 67
    2021-07-01 $304,900 (12.5%) $471,252 (4.5%) 0.00 97
    2021-08-01 $288,225 (8.8%) $441,460 (5.5%) 0.00 87
    2021-09-01 $279,900 (6.4%) $435,636 (9.9%) 0.00 97
    2021-10-01 $269,250 (11.3%) $428,695 (11.9%) 0.00 95
    2021-11-01 $274,900 (16.2%) $434,692 (15.9%) 0.00 90
    2021-12-01 $283,200 (19.0%) $465,628 (41.0%) 0.00 77
    2022-01-01 $285,900 (12.2%) $499,978 (26.1%) 0.00 66
    2022-02-01 $310,175 (3.4%) $547,481 (17.4%) 0.00 59
    2022-03-01 $312,900 (2.6%) $509,728 (5.5%) 0.00 64
    2022-04-01 $339,900 (11.9%) $571,152 (8.2%) 0.00 64
    2022-05-01 $319,800 (8.4%) $534,163 (3.7%) 0.00 87
    2022-06-01 $338,450 (8.8%) $512,453 (-8.1%) 0.00 95
    2022-07-01 $319,000 (4.6%) $442,508 (-6.1%) 0.00 125
    2022-08-01 $317,475 (10.2%) $429,114 (-2.8%) 0.00 118
    2022-09-01 $349,475 (24.9%) $437,260 (0.4%) 0.00 120
    2022-10-01 $330,000 (22.6%) $428,237 (-0.1%) 0.00 132
    2022-11-01 $325,000 (18.2%) $498,163 (14.6%) 0.00 121
    2022-12-01 $337,000 (19.0%) $497,074 (6.8%) 0.00 90
    2023-01-01 $333,725 (16.7%) $474,438 (-5.1%) 0.00 86
    2023-02-01 $337,250 (8.7%) $482,969 (-11.8%) 0.00 90
    2023-03-01 $351,450 (12.3%) $573,533 (12.5%) 0.00 87
    2023-04-01 $350,400 (3.1%) $542,075 (-5.1%) 0.00 96
    2023-05-01 $362,200 (13.3%) $557,824 (4.4%) 0.00 99
    2023-06-01 $350,650 (3.6%) $531,011 (3.6%) 0.00 109
    2023-07-01 $350,900 (10.0%) $458,783 (3.7%) 0.00 126
    2023-08-01 $335,750 (5.8%) $430,325 (0.3%) 0.00 130
    2023-09-01 $319,900 (-8.5%) $415,551 (-5.0%) 0.00 147
    2023-10-01 $299,900 (-9.1%) $407,161 (-4.9%) 0.00 152
    2023-11-01 $299,700 (-7.8%) $402,060 (-19.3%) 0.00 158
    2023-12-01 $299,950 (-11.0%) $425,786 (-14.3%) 0.00 134
    2024-01-01 $305,022 (-8.6%) $405,223 (-14.6%) 0.00 106
    2024-02-01 $322,850 (-4.3%) $433,498 (-10.2%) 0.00 109
    2024-03-01 $344,950 (-1.9%) $439,747 (-23.3%) 0.00 124
    Warsaw's median listing price for 2024-03-01 was $344,950, a difference of $-6,500 (-1.9%) versus the prior year and $22,100 versus the prior month.

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

    Warsaw's average listing price for 2024-03-01 was $439,747, a difference of $-133,786 (-23.3%) versus the prior year and $6,249 versus the prior month.

    For the 2024-03-01 period, Warsaw had 124 MLS listings, a difference of 15 listings (14%) versus the prior month and 37 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Warsaw (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,914 sqft
    2018-02-01 0 days 1,898 sqft
    2018-03-01 0 days 1,891 sqft
    2018-04-01 0 days 1,917 sqft
    2018-05-01 0 days 1,897 sqft
    2018-06-01 0 days 1,891 sqft
    2018-07-01 0 days 1,812 sqft
    2018-08-01 0 days 1,799 sqft
    2018-09-01 0 days 1,834 sqft
    2018-10-01 0 days 1,800 sqft
    2018-11-01 0 days 1,822 sqft
    2018-12-01 0 days 1,809 sqft
    2019-01-01 0 days 1,772 sqft
    2019-02-01 0 days 1,835 sqft
    2019-03-01 0 days 1,889 sqft
    2019-04-01 0 days 1,925 sqft
    2019-05-01 0 days 1,899 sqft
    2019-06-01 0 days 1,863 sqft
    2019-07-01 0 days 1,842 sqft
    2019-08-01 0 days 1,872 sqft
    2019-09-01 0 days 1,907 sqft
    2019-10-01 0 days 1,945 sqft
    2019-11-01 0 days 1,886 sqft
    2019-12-01 0 days 1,897 sqft
    2020-01-01 0 days 1,936 sqft
    2020-02-01 0 days 1,867 sqft
    2020-03-01 0 days 1,898 sqft
    2020-04-01 0 days 1,911 sqft
    2020-05-01 0 days 1,956 sqft
    2020-06-01 0 days 2,100 sqft
    2020-07-01 0 days 1,941 sqft
    2020-08-01 0 days 1,996 sqft
    2020-09-01 0 days 2,010 sqft
    2020-10-01 0 days 1,966 sqft
    2020-11-01 0 days 1,910 sqft
    2020-12-01 0 days 1,883 sqft
    2021-01-01 0 days 1,779 sqft
    2021-02-01 0 days 1,870 sqft
    2021-03-01 0 days 1,885 sqft
    2021-04-01 0 days 1,939 sqft
    2021-05-01 0 days 1,870 sqft
    2021-06-01 0 days 1,906 sqft
    2021-07-01 0 days 1,846 sqft
    2021-08-01 0 days 1,854 sqft
    2021-09-01 0 days 1,767 sqft
    2021-10-01 0 days 1,780 sqft
    2021-11-01 0 days 1,757 sqft
    2021-12-01 0 days 1,760 sqft
    2022-01-01 0 days 1,772 sqft
    2022-02-01 0 days 1,643 sqft
    2022-03-01 0 days 1,659 sqft
    2022-04-01 0 days 1,776 sqft
    2022-05-01 0 days 1,785 sqft
    2022-06-01 0 days 1,851 sqft
    2022-07-01 0 days 1,939 sqft
    2022-08-01 0 days 1,884 sqft
    2022-09-01 0 days 1,866 sqft
    2022-10-01 0 days 1,826 sqft
    2022-11-01 0 days 1,956 sqft
    2022-12-01 0 days 1,950 sqft
    2023-01-01 0 days 1,890 sqft
    2023-02-01 0 days 1,857 sqft
    2023-03-01 0 days 2,060 sqft
    2023-04-01 0 days 2,092 sqft
    2023-05-01 0 days 2,116 sqft
    2023-06-01 0 days 2,048 sqft
    2023-07-01 0 days 2,011 sqft
    2023-08-01 0 days 1,904 sqft
    2023-09-01 0 days 1,914 sqft
    2023-10-01 0 days 1,867 sqft
    2023-11-01 0 days 1,778 sqft
    2023-12-01 0 days 1,760 sqft
    2024-01-01 0 days 1,794 sqft
    2024-02-01 0 days 1,846 sqft
    2024-03-01 0 days 1,932 sqft
    Warsaw's median listing age (time on market) for 2024-03-01 was 0 days.

    Warsaw's median square footage for active listings during the 2024-03-01 period was 1,932 sqft. One year prior, the average listing was 2,060 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.