Warsaw VA Loan Rates, Closing Costs & Stats

Warsaw, 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.

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 0.49% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

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

The average rate for the prior week (2024-11-22) was 6.95% and one month ago for the week of 2024-10-25, the average rate was 6.75%.

The average rate one year ago was 7.59%.

For refis of the same type during the week of 2024-11-29, the average rate was 1.52%.

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
2024-04-01 $362,100 (3.3%) $485,029 (-10.5%) 0.00 147
2024-05-01 $353,800 (-2.3%) $495,025 (-11.3%) 0.00 166
2024-06-01 $361,500 (3.1%) $486,984 (-8.3%) 0.00 184
2024-07-01 $325,000 (-7.4%) $442,681 (-3.5%) 0.00 210
2024-08-01 $329,000 (-2.0%) $449,678 (4.5%) 0.00 201
2024-09-01 $329,675 (3.1%) $429,954 (3.5%) 0.00 209
2024-10-01 $332,000 (10.7%) $410,138 (0.7%) 0.00 210
Warsaw's median listing price for 2024-10-01 was $332,000, a difference of $32,100 (10.7%) versus the prior year and $2,325 versus the prior month.

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

Warsaw's average listing price for 2024-10-01 was $410,138, a difference of $2,977 (0.7%) versus the prior year and $-19,816 versus the prior month.

For the 2024-10-01 period, Warsaw had 210 MLS listings, a difference of 1 listings (0%) versus the prior month and 58 listings (38%) 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
2024-04-01 0 days 1,997 sqft
2024-05-01 0 days 2,002 sqft
2024-06-01 0 days 1,796 sqft
2024-07-01 0 days 1,769 sqft
2024-08-01 0 days 1,804 sqft
2024-09-01 0 days 1,792 sqft
2024-10-01 0 days 1,725 sqft
Warsaw's median listing age (time on market) for 2024-10-01 was 0 days.

Warsaw's median square footage for active listings during the 2024-10-01 period was 1,725 sqft. One year prior, the average listing was 1,867 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.