Akron VA Loan Rates, Closing Costs & Stats

AKRON, OH

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.

Akron's 89 lenders originated 728 VA loans during 2024. The total origination value was $189,880,000, with an average VA loan value of $260,824.

Akron VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Akron averaged 6.61% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

Akron's average VA mortgage closing costs are $5,781.

The average rate for the prior week (2025-03-28) was 6.93% and one month ago for the week of 2025-02-28, the average rate was 6.71%.

The average rate one year ago was 6.72%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.93%.

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

Akron 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 Akron level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 155 6.43% $6,171
CROSSCOUNTRY MORTGAGE, LLC 57 6.49% $6,580
QUICKEN LOANS, LLC 55 6.15% $9,175
UNITED WHOLESALE MORTGAGE, LLC 44 5.90% $9,291
FREEDOM MORTGAGE CORPORATION 28 6.26% $7,380
PENNYMAC LOAN SERVICES, LLC 27 5.74% $5,829
NVR Mortgage Finance, Inc. 22 6.14% $5,013
NEW DAY FINANCIAL, LLC 21 7.61% $9,729
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 6.16% $6,610
NAVY FEDERAL CREDIT UNION 15 5.95% $3,746
NEWREZ LLC 11 6.47% $7,376
The Huntington National Bank 11 6.70% $5,626
UNION HOME MORTGAGE CORP. 10 6.50% $10,036
VILLAGE CAPITAL MORTGAGE 10 5.90% $4,975
USAA Federal Savings Bank 9 6.17% $6,094
RUOFF MORTGAGE COMPANY, INC. 9 6.53% $4,225
S1L, Inc. 7 6.38% $7,890
POLARIS HOME FUNDING CORP. 7 6.57% $11,618
GUARANTEED RATE, INC. 6 6.14% $3,577
PULTE MORTGAGE LLC 6 4.81% $9,200
PREMIER LENDING, INC. 6 6.79% $8,905
Mr. Cooper ( Nationstar Mortgage ) 6 6.23% $11,567
CLEARPATH LENDING 5 5.23% $5,131
UNION CAPITAL MORTGAGE CORPORATION 5 6.38% $9,688
BROKER SOLUTIONS, INC. 5 6.73% $12,581
SUN WEST MORTGAGE COMPANY, INC. 5 6.57% $5,979
LIBERTY HOME MORTGAGE CORPORATION 5 6.80% $6,156
The Federal Savings Bank 5 6.43% $14,999
Equity Prime Mortgage LLC 5 7.10% $11,215
WEST PENN FINANCIAL SERVICE CENTER, INC. 4 6.38% $8,791
Fifth Third Bank 4 6.53% $4,537
Flagstar Bank, FSB 4 6.47% $7,839
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 6.72% $13,172
GVC MORTGAGE, INC. 4 6.66% $8,474
HOWARD HANNA FINANCIAL SERVICES, INC. 4 6.44% $8,078
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 4 5.97% $7,245
LAKEVIEW LOAN SERVICING, LLC 4 5.94% $7,251
NBKC BANK 4 6.03% $3,810
The Farmers National Bank of Canfield 4 6.53% $2,929
Credence Funding Corporation 3 5.13% $7,222
LOANDEPOT.COM, LLC 3 6.50% $5,735
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.42% $6,014
Nations Lending Corporation 3 6.29% $6,938
KeyBank 3 5.96% $4,125
JPMorgan Chase Bank 3 6.38% $9,360
Barrington Bank & Trust Company, N.A. 2 6.00% $8,922
Independent Bank 2 6.13% $8,498
LOANPAL, LLC 2 6.38% $13,269
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.44% $1,091
First Federal Bank 2 5.75% $8,117
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.50% $8,203
NFM, INC. 2 6.50% $12,098
ENVOY MORTGAGE, LTD 2 6.56% $13,364
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.19% $3,651
Citizens Bank 2 5.69% $5,232
Carrington Mortgage Services, LLC 2 6.38% $4,161
RELIANCE FIRST CAPITAL, LLC 2 7.06% $5,103
AMERISAVE MORTGAGE CORPORATION 2 5.56% $15,868
AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.50% $7,927
Paramount Residential Mortgage Group, Inc. 1 6.75% $7,579
DHI MORTGAGE COMPANY, LTD. 1 5.75% $11,809
PENTAGON FEDERAL CREDIT UNION 1 5.88% $8,444
PLANET HOME LENDING, LLC 1 5.99% $3,134
PLAZA HOME MORTGAGE, INC. 1 5.63% $20,411
PNC Bank 1 6.13% $6,412
MORTGAGE ACCESS CORP. 1 7.13% $5,625
CMG MORTGAGE, INC. 1 5.13% $7,752
U.S. Bank 1 6.75% $4,463
Prosperity Home Mortgage, LLC 1 6.25% $2,678
AMERICAN FINANCIAL NETWORK, INC. 1 5.75% $6,875
Ixonia Bank 1 6.75% $4,493
RAPID MORTGAGE COMPANY 1 5.88% $9,966
MICHIGAN MUTUAL, INC. 1 6.25% $9,466
CARDINAL FINANCIAL 1 5.63% $9,353
BAYSHORE MORTGAGE FUNDING, LLC 1 5.75% $6,239
Strong Home Mortgage, LLC 1 5.75% $9,779
ALLIED MORTGAGE GROUP, INC. 1 5.50% $6,975
Alcova Mortgage LLC 1 6.50% $12,270
Bank of England 1 6.25% $3,135
Armed Forces Bank 1 6.13% $3,019
The Union Bank Company 1 5.75% $10,702
MYCUMORTGAGE, LLC 1 6.25% $3,820
MOVEMENT MORTGAGE, LLC 1 6.38% $6,674
FIRST EQUITY MORTGAGE INCORPORATED 1 5.88% $13,342
Wells Fargo Bank 1 7.13% $12,186
FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $7,607
First Commonwealth Bank 1 5.63% $10,234
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $7,467
Magnolia Bank 1 5.25% $5,667

The top Akron VA lender as defined by loan originations is Mortgage Research Center, LLC, with 155 VA loans originated. Their average total fees are $6,171, which is $409 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Akron VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($3,746), VILLAGE CAPITAL MORTGAGE ($4,975), NVR Mortgage Finance, Inc. ($5,013), The Huntington National Bank ($5,626) and PENNYMAC LOAN SERVICES, LLC ($5,829).

The lowest rate Akron VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.74%), VILLAGE CAPITAL MORTGAGE (5.90%), UNITED WHOLESALE MORTGAGE, LLC (5.90%), NAVY FEDERAL CREDIT UNION (5.95%) and NVR Mortgage Finance, Inc. (6.14%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Akron (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 $132,825 (5.3%) $213,814 (8.8%) 0.49 1,868
2018-02-01 $133,900 (3.1%) $216,225 (7.3%) 0.49 1,845
2018-03-01 $145,000 (5.1%) $229,991 (9.4%) 0.51 1,793
2018-04-01 $149,950 (7.1%) $237,212 (9.8%) 0.51 1,771
2018-05-01 $162,400 (16.0%) $244,625 (7.1%) 0.54 1,808
2018-06-01 $169,900 (18.5%) $252,329 (9.8%) 0.57 1,920
2018-07-01 $173,000 (16.1%) $253,602 (9.8%) 0.58 1,960
2018-08-01 $166,000 (10.7%) $243,061 (6.8%) 0.56 2,099
2018-09-01 $160,000 (8.1%) $239,641 (5.2%) 0.54 2,131
2018-10-01 $159,900 (11.1%) $236,163 (7.2%) 0.54 2,105
2018-11-01 $154,975 (10.7%) $236,661 (8.9%) 0.53 2,005
2018-12-01 $152,000 (9.4%) $233,394 (8.8%) 0.52 1,790
2019-01-01 $149,900 (12.9%) $234,887 (9.9%) 0.52 1,624
2019-02-01 $153,525 (14.7%) $245,902 (13.7%) 0.52 1,481
2019-03-01 $164,014 (13.1%) $252,842 (9.9%) 0.54 1,486
2019-04-01 $169,250 (12.9%) $259,196 (9.3%) 0.54 1,494
2019-05-01 $174,900 (7.7%) $255,460 (4.4%) 0.55 1,549
2019-06-01 $179,000 (5.4%) $256,375 (1.6%) 0.56 1,693
2019-07-01 $177,450 (2.6%) $257,121 (1.4%) 0.56 1,788
2019-08-01 $172,200 (3.7%) $252,186 (3.8%) 0.55 1,817
2019-09-01 $168,150 (5.1%) $246,668 (2.9%) 0.54 1,868
2019-10-01 $165,000 (3.2%) $242,053 (2.5%) 0.53 1,937
2019-11-01 $153,950 (-0.7%) $224,363 (-5.2%) 0.50 1,870
2019-12-01 $149,900 (-1.4%) $216,272 (-7.3%) 0.50 1,702
2020-01-01 $144,900 (-3.3%) $215,976 (-8.1%) 0.48 1,542
2020-02-01 $149,900 (-2.4%) $224,664 (-8.6%) 0.49 1,385
2020-03-01 $159,950 (-2.5%) $239,728 (-5.2%) 0.50 1,293
2020-04-01 $166,450 (-1.7%) $245,938 (-5.1%) 0.52 1,260
2020-05-01 $178,250 (1.9%) $254,645 (-0.3%) 0.54 1,132
2020-06-01 $189,450 (5.8%) $267,565 (4.4%) 0.56 1,061
2020-07-01 $189,950 (7.0%) $271,112 (5.4%) 0.55 1,015
2020-08-01 $189,900 (10.3%) $272,614 (8.1%) 0.54 923
2020-09-01 $179,950 (7.0%) $270,789 (9.8%) 0.52 918
2020-10-01 $179,900 (9.0%) $265,953 (9.9%) 0.52 927
2020-11-01 $166,750 (8.3%) $253,511 (13.0%) 0.49 915
2020-12-01 $158,500 (5.7%) $239,545 (10.8%) 0.47 792
2021-01-01 $149,900 (3.5%) $229,439 (6.2%) 0.45 676
2021-02-01 $153,850 (2.6%) $248,136 (10.5%) 0.45 523
2021-03-01 $167,400 (4.7%) $256,752 (7.1%) 0.48 482
2021-04-01 $179,925 (8.1%) $267,615 (8.8%) 0.49 478
2021-05-01 $189,450 (6.3%) $272,707 (7.1%) 0.50 583
2021-06-01 $187,450 (-1.1%) $272,231 (1.7%) 0.49 768
2021-07-01 $189,900 (0.0%) $268,163 (-1.1%) 0.50 909
2021-08-01 $183,950 (-3.1%) $279,379 (2.5%) 0.49 958
2021-09-01 $179,450 (-0.3%) $274,373 (1.3%) 0.48 965
2021-10-01 $175,000 (-2.7%) $265,176 (-0.3%) 0.47 975
2021-11-01 $169,950 (1.9%) $264,925 (4.5%) 0.45 861
2021-12-01 $157,400 (-0.7%) $254,561 (6.3%) 0.43 793
2022-01-01 $149,250 (-0.4%) $254,363 (10.9%) 0.40 644
2022-02-01 $155,000 (0.8%) $270,084 (8.9%) 0.40 489
2022-03-01 $171,950 (2.7%) $283,749 (10.5%) 0.43 473
2022-04-01 $179,900 (0.0%) $294,221 (9.9%) 0.43 559
2022-05-01 $187,400 (-1.1%) $293,402 (7.6%) 0.43 654
2022-06-01 $199,900 (6.6%) $298,113 (9.5%) 0.45 803
2022-07-01 $199,900 (5.3%) $289,189 (7.8%) 0.45 964
2022-08-01 $199,750 (8.6%) $278,782 (-0.2%) 0.46 966
2022-09-01 $198,000 (10.3%) $278,249 (1.4%) 0.46 1,001
2022-10-01 $189,000 (8.0%) $272,085 (2.6%) 0.44 1,085
2022-11-01 $188,250 (10.8%) $266,899 (0.8%) 0.45 1,090
2022-12-01 $179,999 (14.4%) $268,029 (5.3%) 0.44 929
2023-01-01 $177,450 (18.9%) $264,401 (4.0%) 0.44 792
2023-02-01 $180,450 (16.4%) $270,681 (0.2%) 0.44 656
2023-03-01 $179,675 (4.5%) $274,750 (-3.2%) 0.42 611
2023-04-01 $199,900 (11.1%) $290,760 (-1.2%) 0.46 578
2023-05-01 $212,000 (13.1%) $298,760 (1.8%) 0.48 587
2023-06-01 $225,500 (12.8%) $303,426 (1.8%) 0.51 685
2023-07-01 $230,000 (15.1%) $314,740 (8.8%) 0.52 670
2023-08-01 $232,475 (16.4%) $323,173 (15.9%) 0.53 763
2023-09-01 $234,950 (18.7%) $326,310 (17.3%) 0.55 823
2023-10-01 $229,950 (21.7%) $323,978 (19.1%) 0.54 900
2023-11-01 $217,000 (15.3%) $317,322 (18.9%) 0.52 887
2023-12-01 $217,000 (20.6%) $318,336 (18.8%) 0.53 792
2024-01-01 $214,793 (21.0%) $323,634 (22.4%) 0.52 707
2024-02-01 $209,950 (16.4%) $318,861 (17.8%) 0.51 645
2024-03-01 $214,900 (19.6%) $325,974 (18.6%) 0.51 646
2024-04-01 $228,750 (14.4%) $354,727 (22.0%) 0.53 594
2024-05-01 $247,000 (16.5%) $377,008 (26.2%) 0.56 638
2024-06-01 $250,000 (10.9%) $364,581 (20.2%) 0.57 719
2024-07-01 $249,675 (8.6%) $362,925 (15.3%) 0.57 824
2024-08-01 $244,900 (5.3%) $342,066 (5.9%) 0.57 927
2024-09-01 $230,000 (-2.1%) $325,738 (-0.2%) 0.54 993
2024-10-01 $228,200 (-0.8%) $318,669 (-1.6%) 0.54 1,105
2024-11-01 $219,900 (1.3%) $303,387 (-4.4%) 0.53 1,152
2024-12-01 $209,950 (-3.3%) $281,571 (-11.6%) 0.52 966
2025-01-01 $199,950 (-6.9%) $283,971 (-12.3%) 0.50 862
2025-02-01 $217,975 (3.8%) $309,662 (-2.9%) 0.53 791
2025-03-01 $225,000 (4.7%) $312,341 (-4.2%) 0.00 755
Akron's median listing price for 2025-03-01 was $225,000, a difference of $10,100 (4.7%) versus the prior year and $7,025 versus the prior month.

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

Akron's average listing price for 2025-03-01 was $312,341, a difference of $-13,633 (-4.2%) versus the prior year and $2,679 versus the prior month.

For the 2025-03-01 period, Akron had 755 MLS listings, a difference of -36 listings (-5%) versus the prior month and 109 listings (17%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Akron (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 75 days 1,538 sqft
2018-02-01 68 days 1,546 sqft
2018-03-01 57 days 1,585 sqft
2018-04-01 49 days 1,606 sqft
2018-05-01 47 days 1,665 sqft
2018-06-01 45 days 1,695 sqft
2018-07-01 50 days 1,874 sqft
2018-08-01 48 days 1,798 sqft
2018-09-01 53 days 1,788 sqft
2018-10-01 57 days 1,781 sqft
2018-11-01 59 days 1,740 sqft
2018-12-01 67 days 1,720 sqft
2019-01-01 75 days 1,683 sqft
2019-02-01 72 days 1,708 sqft
2019-03-01 55 days 1,732 sqft
2019-04-01 44 days 1,752 sqft
2019-05-01 42 days 1,707 sqft
2019-06-01 43 days 1,726 sqft
2019-07-01 47 days 1,747 sqft
2019-08-01 51 days 1,735 sqft
2019-09-01 53 days 1,731 sqft
2019-10-01 54 days 1,728 sqft
2019-11-01 61 days 1,680 sqft
2019-12-01 70 days 1,637 sqft
2020-01-01 80 days 1,615 sqft
2020-02-01 76 days 1,644 sqft
2020-03-01 58 days 1,707 sqft
2020-04-01 53 days 1,710 sqft
2020-05-01 72 days 1,748 sqft
2020-06-01 55 days 1,819 sqft
2020-07-01 45 days 1,822 sqft
2020-08-01 48 days 1,800 sqft
2020-09-01 51 days 1,765 sqft
2020-10-01 46 days 1,746 sqft
2020-11-01 50 days 1,652 sqft
2020-12-01 57 days 1,576 sqft
2021-01-01 60 days 1,533 sqft
2021-02-01 50 days 1,548 sqft
2021-03-01 36 days 1,591 sqft
2021-04-01 32 days 1,654 sqft
2021-05-01 26 days 1,698 sqft
2021-06-01 24 days 1,709 sqft
2021-07-01 29 days 1,691 sqft
2021-08-01 31 days 1,658 sqft
2021-09-01 37 days 1,633 sqft
2021-10-01 39 days 1,615 sqft
2021-11-01 42 days 1,622 sqft
2021-12-01 45 days 1,563 sqft
2022-01-01 50 days 1,537 sqft
2022-02-01 46 days 1,547 sqft
2022-03-01 35 days 1,576 sqft
2022-04-01 25 days 1,586 sqft
2022-05-01 28 days 1,629 sqft
2022-06-01 28 days 1,668 sqft
2022-07-01 31 days 1,680 sqft
2022-08-01 36 days 1,671 sqft
2022-09-01 36 days 1,652 sqft
2022-10-01 36 days 1,640 sqft
2022-11-01 39 days 1,665 sqft
2022-12-01 49 days 1,623 sqft
2023-01-01 56 days 1,607 sqft
2023-02-01 48 days 1,619 sqft
2023-03-01 38 days 1,584 sqft
2023-04-01 36 days 1,668 sqft
2023-05-01 36 days 1,681 sqft
2023-06-01 33 days 1,692 sqft
2023-07-01 34 days 1,747 sqft
2023-08-01 32 days 1,743 sqft
2023-09-01 36 days 1,730 sqft
2023-10-01 36 days 1,728 sqft
2023-11-01 38 days 1,705 sqft
2023-12-01 44 days 1,685 sqft
2024-01-01 53 days 1,672 sqft
2024-02-01 42 days 1,626 sqft
2024-03-01 38 days 1,672 sqft
2024-04-01 36 days 1,788 sqft
2024-05-01 28 days 1,803 sqft
2024-06-01 32 days 1,799 sqft
2024-07-01 32 days 1,757 sqft
2024-08-01 33 days 1,746 sqft
2024-09-01 36 days 1,697 sqft
2024-10-01 36 days 1,669 sqft
2024-11-01 40 days 1,648 sqft
2024-12-01 51 days 1,611 sqft
2025-01-01 59 days 1,577 sqft
2025-02-01 43 days 1,621 sqft
2025-03-01 0 days 1,664 sqft
Akron's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

Akron's median square footage for active listings during the 2025-03-01 period was 1,664 sqft. One year prior, the average listing was 1,672 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.