Indiana VA Loan Rates, Closing Costs & Stats

Indiana

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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.

    Indiana VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Indiana averaged 6.71% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Indiana's average VA mortgage closing costs are $5,219.

    The average rate for the prior week (2025-03-28) was 6.73% and one month ago for the week of 2025-02-28, the average rate was 6.6%.

    The average rate one year ago was 6.91%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.37%.

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

    Indiana 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 Indiana level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 1,964 6.40% $4,911
    UNITED WHOLESALE MORTGAGE, LLC 653 5.94% $6,769
    FREEDOM MORTGAGE CORPORATION 648 6.23% $7,417
    QUICKEN LOANS, LLC 524 6.19% $9,117
    RUOFF MORTGAGE COMPANY, INC. 293 6.63% $4,257
    PENNYMAC LOAN SERVICES, LLC 275 5.72% $6,820
    NEW DAY FINANCIAL, LLC 255 7.50% $9,791
    NAVY FEDERAL CREDIT UNION 241 5.88% $5,122
    NEWREZ LLC 214 6.30% $6,749
    USAA Federal Savings Bank 198 6.24% $6,101
    GVC MORTGAGE, INC. 176 6.57% $7,923
    VILLAGE CAPITAL MORTGAGE 156 5.75% $5,944
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 133 6.54% $7,280
    LOANDEPOT.COM, LLC 128 6.27% $9,214
    The Federal Savings Bank 118 6.40% $14,145
    VANDERBILT MORTGAGE AND FINANCE, INC. 111 5.61% $5,394
    CROSSCOUNTRY MORTGAGE, LLC 109 6.30% $7,423
    HALLMARK HOME MORTGAGE, LLC 97 6.49% $7,719
    UNION HOME MORTGAGE CORP. 91 6.48% $6,685
    DHI MORTGAGE COMPANY, LTD. 89 5.06% $6,837
    EAGLE HOME MORTGAGE, LLC 85 5.12% $7,055
    MJW Financial LLC 77 6.27% $4,680
    GUARANTEED RATE, INC. 71 6.16% $5,132
    Nations Lending Corporation 68 6.75% $8,712
    Barrington Bank & Trust Company, N.A. 66 6.29% $5,794
    Mr. Cooper ( Nationstar Mortgage ) 61 6.38% $8,468
    Carrington Mortgage Services, LLC 60 6.17% $10,020
    PLANET HOME LENDING, LLC 60 5.90% $3,946
    GUILD MORTGAGE COMPANY 60 6.48% $7,743
    MORTGAGE SOLUTIONS OF COLORADO, LLC 58 7.19% $4,102
    CLEARPATH LENDING 56 5.76% $6,955
    STOCKTON MORTGAGE CORPORATION 55 6.53% $6,785
    Magnolia Bank 55 5.96% $12,328
    LAKEVIEW LOAN SERVICING, LLC 53 6.01% $5,799
    NVR Mortgage Finance, Inc. 52 5.88% $5,226
    MOVEMENT MORTGAGE, LLC 50 6.71% $6,215
    LOANPAL, LLC 45 5.83% $11,932
    Fifth Third Bank 45 6.25% $3,848
    MORTGAGE MASTERS OF INDIANA, INC. 45 6.53% $4,943
    Equity Prime Mortgage LLC 42 6.90% $6,860
    Prosperity Home Mortgage, LLC 39 6.37% $8,455
    JPMorgan Chase Bank 38 6.30% $5,061
    CMG MORTGAGE, INC. 37 6.62% $7,646
    BROKER SOLUTIONS, INC. 36 6.63% $9,531
    HOMESIDE FINANCIAL, LLC 35 6.43% $8,535
    CALCON MUTUAL MORTGAGE LLC 35 6.65% $7,225
    CARDINAL FINANCIAL 33 6.92% $10,522
    AMERICAN FINANCIAL NETWORK, INC. 33 6.79% $7,372
    First Federal Bank 31 5.86% $5,660
    MUTUAL OF OMAHA MORTGAGE, INC. 31 6.38% $15,376
    NBKC BANK 30 6.01% $5,156
    PLAZA HOME MORTGAGE, INC. 29 6.44% $6,686
    M/I FINANCIAL, LLC 28 5.23% $15,654
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 26 6.70% $7,887
    University Bank 25 5.88% $6,204
    PULTE MORTGAGE LLC 25 5.13% $7,504
    Wolfe Financial, Inc 25 7.07% $5,936
    Ixonia Bank 24 6.64% $6,594
    MILESTONE HOME LENDING, LLC 23 6.60% $8,001
    AMERISAVE MORTGAGE CORPORATION 22 6.01% $17,129
    HOMEBRIDGE FINANCIAL SERVICES, INC. 22 6.47% $2,429
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 21 7.01% $9,056
    AMERICAN PACIFIC MORTGAGE CORPORATION 21 6.62% $9,288
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 20 6.37% $7,317
    MICHIGAN MUTUAL, INC. 20 6.71% $5,078
    SUN WEST MORTGAGE COMPANY, INC. 19 5.99% $5,894
    DIRECT MORTGAGE LOANS, LLC 19 6.56% $12,270
    Credence Funding Corporation 19 5.66% $6,008
    Flagstar Bank, FSB 19 6.52% $5,146
    VICTORY MORTGAGE, L.L.C. 18 5.49% $5,727
    AmeriHome Mortgage Company, LLC 17 6.34% $6,011
    PNC Bank 17 6.72% $3,035
    Mid-Continent Funding, Inc. 17 6.01% $9,383
    FIRST COMMUNITY MORTGAGE, INC. 17 6.62% $4,385
    PRIMELENDING, A PLAINSCAPITAL COMPANY 17 6.63% $4,813
    GENEVA FINANCIAL, LLC 17 6.88% $6,050
    Paramount Residential Mortgage Group, Inc. 17 6.55% $6,839
    HOWARD HANNA FINANCIAL SERVICES, INC. 17 6.41% $7,854
    EVANSVILLE TEACHERS 16 6.78% $7,760
    The Huntington National Bank 16 6.74% $6,200
    American Mortgage & Equity Consultants, Inc. 16 6.87% $6,207
    FLAT BRANCH MORTGAGE, INC. 15 6.43% $5,972
    Union Savings Bank 15 6.22% $3,662
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 15 6.52% $8,993
    First Financial Bank 14 6.77% $4,675
    Century Mortgage Company DBA Century Lending Company 13 6.29% $5,536
    TEACHERS CREDIT UNION 13 6.37% $4,308
    PENTAGON FEDERAL CREDIT UNION 13 6.12% $6,914
    POLARIS HOME FUNDING CORP. 13 6.61% $6,751
    INTERLINC MORTGAGE SERVICES, LLC 12 6.89% $5,359
    U.S. Bank 12 6.62% $7,007
    First Option Mortgage, LLC 11 6.49% $7,487
    FBC MORTGAGE, LLC 11 5.42% $5,223
    INSPIRE HOME LOANS INC. 11 5.90% $6,706
    Plains Commerce Bank 11 6.40% $7,698
    AMERICAN FINANCIAL RESOURCES, INC. 10 6.91% $9,818
    NATIONS RELIABLE LENDING, LLC 10 6.47% $5,830
    VERITAS FUNDING, LLC 10 6.46% $17,793
    ROYAL UNITED MORTGAGE LLC 10 6.64% $12,541
    German American Bank 10 6.54% $4,572
    Armed Forces Bank 10 6.09% $9,161
    PHH Mortgage Corporation 9 6.02% $3,900
    Northpointe Bank 9 5.96% $7,227
    Old National Bank 9 6.03% $5,282
    CHURCHILL MORTGAGE CORPORATION 9 6.76% $5,416
    The Loan Store, Inc. 9 6.08% $8,775
    FIRST EQUITY MORTGAGE INCORPORATED 9 5.71% $13,111
    South Pacific Financial Corporation 9 4.75% $7,427
    LEADERONE FINANCIAL CORPORATION 9 7.01% $6,466
    VAN DYK MORTGAGE CORPORATION 8 6.77% $5,012
    Texana Bank 8 6.28% $7,802
    Lakeview Community Capital, LLC 8 5.55% $5,227
    FAIR WAY LENDING LLC 8 6.98% $4,989
    TJC Mortgage, Inc. 7 6.04% $11,663
    Elements Financial Federal Credit Union 7 6.32% $5,627
    SUCCESS MORTGAGE PARTNERS, INC. 7 6.37% $14,521
    First Merchants Bank 7 6.41% $7,622
    ENVOY MORTGAGE, LTD 7 6.71% $6,471
    Blue Ridge Bank 7 6.32% $4,884
    V.I.P. MORTGAGE, INC. 7 6.66% $5,684
    KeyBank 6 5.75% $3,336
    Regions Bank 6 6.25% $8,671
    NETWORK CAPITAL FUNDING CORPORATION 6 6.56% $7,315
    Wells Fargo Bank 6 6.56% $2,806
    EUSTIS AND AMERICAN MORTGAGE COMPANY 5 6.90% $3,949
    ENDEAVOR CAPITAL, LLC. 5 6.47% $4,172
    EVERETT FINANCIAL, INC. 5 6.33% $8,915
    Centier Bank 5 6.40% $3,718
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.93% $11,292
    RELIANCE FIRST CAPITAL, LLC 5 6.05% $11,272
    AMERICAN FINANCING CORPORATION 5 5.82% $16,184
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 6.43% $5,747
    OPEN MORTGAGE, LLC 5 7.23% $3,677
    DAS Acquisition Company, LLC 5 6.97% $2,152
    Servion, Inc. 5 6.63% $6,337
    TOWNE MORTGAGE COMPANY 5 6.85% $7,544
    Flanagan State Bank 4 6.63% $4,883
    PREMIA MORTGAGE, LLC 4 5.96% $3,381
    Bank of England 4 6.88% $5,902
    Waterstone Mortgage Corporation 4 6.50% $8,354
    Northwest Bank 4 6.44% $2,861
    GUARANTEED RATE AFFINITY, LLC 4 6.47% $4,143
    1ST SIGNATURE LENDING, LLC 3 6.71% $8,882
    Ameris Bank 3 6.50% $10,594
    AmRes Corporation 3 6.33% $11,155
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.33% $12,013
    CANOPY MORTGAGE, LLC 3 7.04% $11,497
    CITY FIRST MORTGAGE SERVICES, L.L.C. 3 6.79% $4,932
    First Financial Bank 3 7.25% $2,521
    Gateway First Bank 3 6.71% $3,121
    JMAC LENDING, INC. 3 5.63% $5,296
    LCNB National Bank 3 6.42% $4,222
    LOANFLIGHT LENDING, LLC 3 6.33% $3,985
    MORTGAGEONE, INC. 3 7.33% $3,276
    MYCUMORTGAGE, LLC 3 7.04% $5,992
    NFM, INC. 3 6.25% $9,790
    POINT Mortgage 3 7.17% $4,214
    Residential Mortgage Solutions, Inc. 3 6.17% $4,331
    Stock Yards Bank & Trust Company 3 6.46% $8,422
    The State Bank and Trust Company 3 6.21% $7,610
    ZILLOW HOME LOANS, LLC 3 6.67% $10,929
    LIBERTY HOME MORTGAGE CORPORATION 2 6.63% $29,564
    Citizens Bank 2 6.50% $3,460
    TOP FLITE FINANCIAL, INC. 2 6.25% $15,173
    1st Source Bank 2 6.94% $5,732
    CIBM Bank 2 6.44% $2,208
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.94% $14,365
    Service Federal Credit Union 2 6.31% $6,390
    Sunflower Bank 2 6.06% $10,904
    BELEM SERVICING LLC 2 5.25% $4,127
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.69% $6,802
    BAY EQUITY LLC 2 6.19% $14,899
    FIRST COLONY MORTGAGE CORPORATION 2 6.25% $985
    LAKE MICHIGAN CREDIT UNION 2 6.19% $8,585
    Arvest Bank 2 5.50% $3,695
    American Mortgage Bank, LLC 2 7.00% $10,063
    ALLIED MORTGAGE GROUP, INC. 2 6.00% $4,702
    T2 FINANCIAL LLC 2 6.69% $10,212
    Sierra Pacific Mortgage Company, Inc. 2 6.87% $7,428
    RANLIFE, INC. 2 6.37% $14,360
    The Dart Bank 2 5.75% $5,379
    FORUM Credit Union 2 6.63% $2,462
    Merchants Bank of Indiana 2 5.88% $4,042
    MEMBER FIRST MORTGAGE, LLC 2 7.00% $7,997
    THE MORTGAGE WAREHOUSE,LLC 2 5.63% $1,748
    OCEANSIDE MORTGAGE COMPANY 2 5.75% $5,129
    SOUTHWEST STAGE FUNDING, LLC 1 5.88% $471
    FIRST STATE MORTGAGE SERVICES, LLC 1 6.99% $2,465
    First National Bank Texas 1 6.25% $4,346
    SUMMIT FUNDING, INC. 1 6.75% $3,117
    SWBC MORTGAGE CORPORATION 1 5.75% $1,160
    Farmers Bank & Trust 1 6.13% $1,594
    EMM LOANS LLC 1 6.50% $10,437
    NP, Inc. 1 6.25% $425
    Cornerstone First Mortgage, Inc 1 6.25% $4,545
    COMPASS MORTGAGE, INC. 1 5.88% $10,006
    WRIGHT-PATT CREDIT UNION, INC. 1 5.75% $7,144
    Towne Bank 1 5.25% $6,143
    Truist 1 6.13% $5,242
    CASTLE & COOKE MORTGAGE, LLC 1 6.75% $4,329
    BETTER MORTGAGE CORPORATION 1 6.13% $5,396
    Bank First, N.A. 1 6.13% $2,776
    Atlantic Union Bank 1 6.75% $3,799
    ALLIANT CREDIT UNION 1 5.75% $1,401
    ALKAN MORTGAGE CORPORATION 1 6.25% $3,957
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.25% $11,332
    Advisors Mortgage Group, L.L.C. 1 7.13% $8,715
    ON Q FINANCIAL, INC. 1 6.99% $3,756
    OCMBC, INC. 1 7.13% $3,200
    Pacor Mortgage Corp 1 5.63% $5,411
    Paramount Bank 1 6.75% $5,218
    DEVELOPER'S MORTGAGE COMPANY 1 6.50% $11,193
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.75% $5,827
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $7,333
    NATIONS DIRECT MORTGAGE, LLC 1 6.38% $11,300
    M&T Bank 1 6.25% $5,656
    Mortgage Assurance Inc. 1 6.25% $2,736
    MLD MORTGAGE INC. 1 6.50% $1,645
    Willamette Valley Bank 1 7.25% $17,273
    MLB RESIDENTIAL LENDING, LLC 1 6.63% $21,263
    MILEND, INC. 1 6.13% $8,133
    Presidential Bank, FSB 1 7.13% $9,959
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.88% $5,641
    Princeton Mortgage Corporation 1 5.75% $6,140
    PROPER RATE, LLC 1 6.25% $15,551
    RAPID MORTGAGE COMPANY 1 7.13% $3,372
    ISERVE RESIDENTIAL LENDING, LLC 1 6.75% $34,996
    Horizon Bank 1 6.63% $1,283
    Republic Bank & Trust Company 1 6.13% $1,757
    WINTERWOOD MORTGAGE GROUP, LLC 1 7.13% $3,984
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.00% $15,492
    GREENSTATE CREDIT UNION 1 6.25% $5,272
    Granite Community Bank 1 6.63% $9,970
    Goldwater Bank, N.A. 1 9.75% $13,915
    SIRVA MORTGAGE, INC. 1 6.50% $365
    SOUTHWEST FUNDING, LP 1 6.75% $8,232

    The top Indiana VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,964 VA loans originated. Their average total fees are $4,911, which is $1,859 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Indiana VA lenders (with over 10 loans originated) are HOMEBRIDGE FINANCIAL SERVICES, INC. ($2,429), PNC Bank ($3,035), Union Savings Bank ($3,662), Fifth Third Bank ($3,848) and PLANET HOME LENDING, LLC ($3,946).

    The lowest rate Indiana VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.06%), EAGLE HOME MORTGAGE, LLC (5.12%), PULTE MORTGAGE LLC (5.13%), M/I FINANCIAL, LLC (5.23%) and FBC MORTGAGE, LLC (5.42%).

    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.