Ashland VA Loan Rates, Closing Costs & Stats

Ashland, OH

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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.

    Ashland's 23 lenders originated 54 VA loans during 2023. The total origination value was $12,930,000, with an average VA loan value of $239,444.

    Ashland VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Ashland averaged 7.22% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Ashland's average VA mortgage closing costs are $5,064.

    The average rate for the prior week (2024-04-12) was 6.95% and one month ago for the week of 2024-03-15, the average rate was 6.82%.

    The average rate one year ago was 6.51%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Ashland 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 Ashland level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 10 6.90% $4,719
    CROSSCOUNTRY MORTGAGE, LLC 5 7.41% $5,829
    QUICKEN LOANS, LLC 5 6.02% $7,797
    FREEDOM MORTGAGE CORPORATION 3 6.63% $10,688
    LOANDEPOT.COM, LLC 2 6.75% $12,277
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.25% $2,471
    The Park National Bank 2 6.31% $5,914
    UNITED WHOLESALE MORTGAGE, LLC 2 6.63% $13,755
    NAVY FEDERAL CREDIT UNION 2 5.69% $6,932
    PREMIA MORTGAGE, LLC 1 6.50% $1,295
    THE EQUITABLE MORTGAGE CORPORATION 1 5.63% $15,877
    The Federal Savings Bank 1 6.25% $12,257
    USAA Federal Savings Bank 1 6.25% $10,184
    AMERICAN FINANCING CORPORATION 1 6.88% $9,272
    VILLAGE CAPITAL MORTGAGE 1 5.75% $6,433
    Barrington Bank & Trust Company, N.A. 1 6.25% $6,250
    EVERETT FINANCIAL, INC. 1 6.13% $10,057
    Flagstar Bank, FSB 1 6.25% $3,268
    GUARANTEED RATE, INC. 1 6.75% $4,105
    MID AMERICA MORTGAGE, INC. 1 7.13% $2,581
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $15,518
    NEW DAY FINANCIAL, LLC 1 7.50% $11,981
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $3,887

    The top Ashland VA lender as defined by loan originations is Mortgage Research Center, LLC, with 10 VA loans originated. Their average total fees are $4,719, which is $1,110 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Ashland VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,719), .

    The lowest rate Ashland VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.90%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ashland (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 $111,850 (-8.7%) $246,995 (20.4%) 0.00 91
    2018-02-01 $89,175 (-27.0%) $244,884 (11.0%) 0.00 93
    2018-03-01 $97,000 (-22.2%) $229,373 (1.1%) 0.00 102
    2018-04-01 $114,275 (-15.3%) $221,195 (1.1%) 0.00 104
    2018-05-01 $135,250 (8.2%) $233,639 (10.6%) 0.00 115
    2018-06-01 $149,450 (15.8%) $237,672 (16.9%) 0.00 141
    2018-07-01 $157,400 (16.6%) $249,859 (16.9%) 0.00 150
    2018-08-01 $153,725 (14.2%) $254,557 (12.6%) 0.00 141
    2018-09-01 $154,950 (19.5%) $247,541 (-1.4%) 0.00 149
    2018-10-01 $153,950 (14.3%) $241,718 (-4.1%) 0.00 141
    2018-11-01 $142,500 (18.8%) $243,927 (-3.2%) 0.00 130
    2018-12-01 $129,000 (8.4%) $225,284 (-10.1%) 0.00 116
    2019-01-01 $123,750 (10.6%) $202,879 (-17.9%) 0.00 101
    2019-02-01 $111,425 (25.0%) $231,104 (-5.6%) 0.00 100
    2019-03-01 $130,364 (34.4%) $258,735 (12.8%) 0.00 96
    2019-04-01 $156,250 (36.7%) $273,022 (23.4%) 0.00 97
    2019-05-01 $174,950 (29.4%) $266,003 (13.9%) 0.00 102
    2019-06-01 $172,000 (15.1%) $268,213 (12.9%) 0.00 103
    2019-07-01 $160,625 (2.1%) $260,629 (4.3%) 0.00 106
    2019-08-01 $165,973 (8.0%) $257,652 (1.2%) 0.00 108
    2019-09-01 $173,807 (12.2%) $258,798 (4.6%) 0.00 112
    2019-10-01 $179,900 (16.9%) $259,563 (7.4%) 0.00 113
    2019-11-01 $160,000 (12.3%) $261,778 (7.3%) 0.00 91
    2019-12-01 $149,925 (16.2%) $278,201 (23.5%) 0.00 78
    2020-01-01 $146,000 (18.0%) $265,500 (30.9%) 0.00 73
    2020-02-01 $150,450 (35.0%) $220,571 (-4.6%) 0.00 78
    2020-03-01 $149,925 (15.0%) $234,572 (-9.3%) 0.00 74
    2020-04-01 $166,950 (6.9%) $229,977 (-15.8%) 0.00 64
    2020-05-01 $165,000 (-5.7%) $263,155 (-1.1%) 0.00 56
    2020-06-01 $162,075 (-5.8%) $268,275 (0.0%) 0.00 51
    2020-07-01 $192,900 (20.1%) $279,548 (7.3%) 0.00 55
    2020-08-01 $186,950 (12.6%) $261,653 (1.6%) 0.00 58
    2020-09-01 $182,825 (5.2%) $256,666 (-0.8%) 0.00 54
    2020-10-01 $180,000 (0.1%) $249,575 (-3.9%) 0.00 63
    2020-11-01 $177,000 (10.6%) $232,093 (-11.3%) 0.00 68
    2020-12-01 $158,950 (6.0%) $226,279 (-18.7%) 0.00 63
    2021-01-01 $168,900 (15.7%) $219,132 (-17.5%) 0.00 51
    2021-02-01 $172,950 (15.0%) $240,904 (9.2%) 0.00 49
    2021-03-01 $169,475 (13.0%) $245,421 (4.6%) 0.00 43
    2021-04-01 $173,450 (3.9%) $281,249 (22.3%) 0.00 42
    2021-05-01 $179,900 (9.0%) $279,040 (6.0%) 0.00 47
    2021-06-01 $196,475 (21.2%) $294,912 (9.9%) 0.00 37
    2021-07-01 $180,000 (-6.7%) $248,241 (-11.2%) 0.00 44
    2021-08-01 $229,900 (23.0%) $260,829 (-0.3%) 0.00 83
    2021-09-01 $229,900 (25.8%) $252,751 (-1.5%) 0.00 95
    2021-10-01 $229,900 (27.7%) $250,204 (0.3%) 0.00 88
    2021-11-01 $229,900 (29.9%) $251,294 (8.3%) 0.00 62
    2021-12-01 $213,675 (34.4%) $220,912 (-2.4%) 0.00 59
    2022-01-01 $225,000 (33.2%) $220,006 (0.4%) 0.00 58
    2022-02-01 $229,900 (32.9%) $226,948 (-5.8%) 0.00 45
    2022-03-01 $229,900 (35.7%) $232,479 (-5.3%) 0.00 40
    2022-04-01 $237,450 (36.9%) $246,150 (-12.5%) 0.00 32
    2022-05-01 $210,000 (16.7%) $260,747 (-6.6%) 0.00 50
    2022-06-01 $223,625 (13.8%) $264,729 (-10.2%) 0.00 51
    2022-07-01 $219,500 (21.9%) $251,858 (1.5%) 0.00 52
    2022-08-01 $231,950 (0.9%) $291,023 (11.6%) 0.00 57
    2022-09-01 $199,825 (-13.1%) $280,692 (11.1%) 0.00 65
    2022-10-01 $195,000 (-15.2%) $261,695 (4.6%) 0.00 65
    2022-11-01 $229,000 (-0.4%) $291,791 (16.1%) 0.00 56
    2022-12-01 $202,500 (-5.2%) $278,096 (25.9%) 0.00 57
    2023-01-01 $199,675 (-11.3%) $281,513 (28.0%) 0.00 46
    2023-02-01 $199,450 (-13.2%) $352,018 (55.1%) 0.00 41
    2023-03-01 $212,400 (-7.6%) $329,769 (41.9%) 0.00 34
    2023-04-01 $189,900 (-20.0%) $311,865 (26.7%) 0.00 41
    2023-05-01 $248,400 (18.3%) $353,428 (35.5%) 0.00 45
    2023-06-01 $258,450 (15.6%) $316,444 (19.5%) 0.00 44
    2023-07-01 $320,000 (45.8%) $402,308 (59.7%) 0.00 48
    2023-08-01 $297,900 (28.4%) $387,590 (33.2%) 0.00 43
    2023-09-01 $289,000 (44.6%) $347,041 (23.6%) 0.00 54
    2023-10-01 $267,500 (37.2%) $317,508 (21.3%) 0.00 55
    2023-11-01 $258,750 (13.0%) $300,461 (3.0%) 0.00 49
    2023-12-01 $299,900 (48.1%) $325,840 (17.2%) 0.00 48
    2024-01-01 $284,500 (42.5%) $345,764 (22.8%) 0.00 33
    2024-02-01 $292,500 (46.7%) $357,242 (1.5%) 0.00 27
    2024-03-01 $295,000 (38.9%) $328,113 (-0.5%) 0.00 32
    Ashland's median listing price for 2024-03-01 was $295,000, a difference of $82,600 (38.9%) versus the prior year and $2,500 versus the prior month.

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

    Ashland's average listing price for 2024-03-01 was $328,113, a difference of $-1,656 (-0.5%) versus the prior year and $-29,129 versus the prior month.

    For the 2024-03-01 period, Ashland had 32 MLS listings, a difference of 5 listings (19%) versus the prior month and -2 listings (-6%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ashland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,444 sqft
    2018-02-01 0 days 1,437 sqft
    2018-03-01 0 days 1,344 sqft
    2018-04-01 0 days 1,493 sqft
    2018-05-01 0 days 1,496 sqft
    2018-06-01 0 days 1,520 sqft
    2018-07-01 0 days 1,672 sqft
    2018-08-01 0 days 1,685 sqft
    2018-09-01 0 days 1,694 sqft
    2018-10-01 0 days 1,660 sqft
    2018-11-01 0 days 1,706 sqft
    2018-12-01 0 days 1,600 sqft
    2019-01-01 0 days 1,569 sqft
    2019-02-01 0 days 1,503 sqft
    2019-03-01 0 days 1,564 sqft
    2019-04-01 0 days 1,718 sqft
    2019-05-01 0 days 1,728 sqft
    2019-06-01 0 days 1,740 sqft
    2019-07-01 0 days 1,610 sqft
    2019-08-01 0 days 1,635 sqft
    2019-09-01 0 days 1,705 sqft
    2019-10-01 0 days 1,760 sqft
    2019-11-01 0 days 1,628 sqft
    2019-12-01 0 days 1,605 sqft
    2020-01-01 0 days 1,584 sqft
    2020-02-01 0 days 1,522 sqft
    2020-03-01 0 days 1,485 sqft
    2020-04-01 0 days 1,585 sqft
    2020-05-01 0 days 1,734 sqft
    2020-06-01 0 days 1,598 sqft
    2020-07-01 0 days 1,728 sqft
    2020-08-01 0 days 1,768 sqft
    2020-09-01 0 days 1,713 sqft
    2020-10-01 0 days 1,639 sqft
    2020-11-01 0 days 1,590 sqft
    2020-12-01 0 days 1,587 sqft
    2021-01-01 0 days 1,566 sqft
    2021-02-01 0 days 1,706 sqft
    2021-03-01 0 days 1,692 sqft
    2021-04-01 0 days 1,688 sqft
    2021-05-01 0 days 1,512 sqft
    2021-06-01 0 days 1,577 sqft
    2021-07-01 0 days 1,612 sqft
    2021-08-01 0 days 1,620 sqft
    2021-09-01 0 days 1,620 sqft
    2021-10-01 0 days 1,620 sqft
    2021-11-01 0 days 1,620 sqft
    2021-12-01 0 days 1,620 sqft
    2022-01-01 0 days 1,620 sqft
    2022-02-01 0 days 1,620 sqft
    2022-03-01 0 days 1,620 sqft
    2022-04-01 0 days 1,620 sqft
    2022-05-01 0 days 1,668 sqft
    2022-06-01 0 days 1,620 sqft
    2022-07-01 0 days 1,592 sqft
    2022-08-01 0 days 1,664 sqft
    2022-09-01 0 days 1,569 sqft
    2022-10-01 0 days 1,532 sqft
    2022-11-01 0 days 1,609 sqft
    2022-12-01 0 days 1,451 sqft
    2023-01-01 0 days 1,465 sqft
    2023-02-01 0 days 1,571 sqft
    2023-03-01 0 days 1,573 sqft
    2023-04-01 0 days 1,532 sqft
    2023-05-01 0 days 1,680 sqft
    2023-06-01 0 days 1,697 sqft
    2023-07-01 0 days 1,856 sqft
    2023-08-01 0 days 1,814 sqft
    2023-09-01 0 days 1,671 sqft
    2023-10-01 0 days 1,708 sqft
    2023-11-01 0 days 1,779 sqft
    2023-12-01 0 days 1,839 sqft
    2024-01-01 0 days 1,780 sqft
    2024-02-01 0 days 1,848 sqft
    2024-03-01 0 days 1,722 sqft
    Ashland's median listing age (time on market) for 2024-03-01 was 0 days.

    Ashland's median square footage for active listings during the 2024-03-01 period was 1,722 sqft. One year prior, the average listing was 1,573 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.