Ashtabula VA Loan Rates, Closing Costs & Stats

Ashtabula, 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.

    Ashtabula's 36 lenders originated 148 VA loans during 2024. The total origination value was $33,330,000, with an average VA loan value of $225,203.

    Ashtabula VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Ashtabula averaged 0.7% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Ashtabula's average VA mortgage closing costs are $5,002.

    The average rate for the prior week (2025-06-13) was 6.85% and one month ago for the week of 2025-05-16, the average rate was 7.01%.

    The average rate one year ago was 6.91%.

    For refis of the same type during the week of 2025-06-20, the average rate was 1.03%.

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

    Ashtabula 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 Ashtabula level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 42 6.49% $4,991
    QUICKEN LOANS, LLC 15 6.05% $8,676
    CROSSCOUNTRY MORTGAGE, LLC 12 6.51% $5,963
    FREEDOM MORTGAGE CORPORATION 8 6.27% $8,330
    UNITED WHOLESALE MORTGAGE, LLC 6 6.16% $9,052
    PENNYMAC LOAN SERVICES, LLC 5 5.73% $5,043
    UNION HOME MORTGAGE CORP. 4 6.69% $7,951
    Equity Prime Mortgage LLC 4 6.78% $5,410
    VILLAGE CAPITAL MORTGAGE 4 5.87% $5,845
    NEW DAY FINANCIAL, LLC 4 7.19% $7,748
    NEWREZ LLC 3 6.33% $7,255
    The Huntington National Bank 3 6.88% $3,184
    Ixonia Bank 3 6.04% $13,941
    JPMorgan Chase Bank 3 5.87% $4,032
    NAVY FEDERAL CREDIT UNION 2 5.75% $2,344
    BROKER SOLUTIONS, INC. 2 6.50% $3,078
    LIBERTY HOME MORTGAGE CORPORATION 2 7.13% $6,665
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.44% $5,576
    USAA Federal Savings Bank 2 6.56% $9,214
    MOVEMENT MORTGAGE, LLC 1 6.75% $8,177
    Lakeview Community Capital, LLC 1 5.75% $5,760
    NFM, INC. 1 6.13% $13,677
    HomePromise Corporation 1 7.50% $12,967
    Plains Commerce Bank 1 5.50% $7,109
    GUARANTEED RATE, INC. 1 7.75% $6,883
    RELIANCE FIRST CAPITAL, LLC 1 6.63% $6,381
    RUOFF MORTGAGE COMPANY, INC. 1 6.50% $5,081
    S1L, Inc. 1 7.13% $8,298
    SUN WEST MORTGAGE COMPANY, INC. 1 5.88% $6,626
    The Central Trust Bank 1 6.63% $7,019
    First National Bank of Pennsylvania 1 5.50% $4,466
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.50% $7,189
    ENDEAVOR CAPITAL, LLC. 1 5.88% $5,191
    Barrington Bank & Trust Company, N.A. 1 6.75% $12,626
    US MORTGAGE CORPORATION 1 6.13% $3,970
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $27,912

    The top Ashtabula VA lender as defined by loan originations is Mortgage Research Center, LLC, with 42 VA loans originated. Their average total fees are $4,991, which is $3,685 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Ashtabula VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,991), CROSSCOUNTRY MORTGAGE, LLC ($5,963), QUICKEN LOANS, LLC ($8,676), .

    The lowest rate Ashtabula VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.05%), Mortgage Research Center, LLC (6.49%), CROSSCOUNTRY MORTGAGE, LLC (6.51%), .

    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.