Ashtabula VA Loan Rates, Closing Costs & Stats

Ashtabula, OH

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 27 lenders originated 87 VA loans during 2023. The total origination value was $19,525,000, with an average VA loan value of $224,425.

    Ashtabula VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Ashtabula averaged 7.21% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Ashtabula's average VA mortgage closing costs are $4,721.

    The average rate for the prior week (2024-04-12) was 7.14% and one month ago for the week of 2024-03-15, the average rate was 6.9%.

    The average rate one year ago was 6.29%.

    For refis of the same type during the week of 2024-04-19, the average rate was 8.02%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 32 6.89% $5,413
    CROSSCOUNTRY MORTGAGE, LLC 8 6.91% $4,947
    NAVY FEDERAL CREDIT UNION 4 5.56% $3,151
    BROKER SOLUTIONS, INC. 3 6.66% $10,057
    QUICKEN LOANS, LLC 3 6.25% $7,585
    UNITED WHOLESALE MORTGAGE, LLC 3 6.33% $9,673
    NEW DAY FINANCIAL, LLC 3 7.83% $7,512
    Ixonia Bank 2 7.25% $13,081
    PENNYMAC LOAN SERVICES, LLC 2 5.94% $5,384
    Princeton Mortgage Corporation 2 7.81% $6,479
    UNION HOME MORTGAGE CORP. 2 7.19% $6,507
    USAA Federal Savings Bank 2 6.25% $4,498
    VILLAGE CAPITAL MORTGAGE 2 5.76% $2,495
    HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.13% $6,116
    WEST PENN FINANCIAL SERVICE CENTER, INC. 1 7.25% $16,780
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $1,469
    FREEDOM MORTGAGE CORPORATION 1 6.75% $5,655
    Gateway First Bank 1 5.63% $9,267
    GSF Mortgage Corporation 1 7.13% $18,798
    JPMorgan Chase Bank 1 6.63% $7,768
    LIBERTY HOME MORTGAGE CORPORATION 1 7.25% $625
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.00% $768
    Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $15,952
    POLARIS HOME FUNDING CORP. 1 6.25% $14,456
    The Huntington National Bank 1 6.38% $11,856
    Wells Fargo Bank 1 5.75% $8,790
    Barrington Bank & Trust Company, N.A. 1 5.75% $9,648

    The top Ashtabula VA lender as defined by loan originations is Mortgage Research Center, LLC, with 32 VA loans originated. Their average total fees are $5,413, which is $466 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Ashtabula VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,413), .

    The lowest rate Ashtabula VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.89%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ashtabula (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 $102,250 (4.7%) $142,381 (9.6%) 0.00 361
    2018-02-01 $107,000 (12.0%) $143,643 (11.2%) 0.00 339
    2018-03-01 $104,950 (10.5%) $143,838 (10.4%) 0.00 337
    2018-04-01 $109,925 (10.5%) $147,595 (10.4%) 0.00 348
    2018-05-01 $113,300 (7.9%) $152,012 (10.1%) 0.00 360
    2018-06-01 $116,950 (8.6%) $160,504 (15.1%) 0.00 400
    2018-07-01 $121,961 (13.0%) $165,940 (16.5%) 0.00 425
    2018-08-01 $119,900 (8.1%) $160,581 (11.4%) 0.00 426
    2018-09-01 $119,957 (7.1%) $157,130 (8.3%) 0.00 419
    2018-10-01 $119,900 (8.0%) $152,993 (2.9%) 0.00 409
    2018-11-01 $122,450 (14.0%) $153,913 (3.7%) 0.00 373
    2018-12-01 $119,900 (11.5%) $149,424 (1.7%) 0.00 356
    2019-01-01 $119,400 (16.8%) $145,685 (2.3%) 0.00 339
    2019-02-01 $121,900 (13.9%) $156,289 (8.8%) 0.00 316
    2019-03-01 $126,471 (20.5%) $160,115 (11.3%) 0.00 308
    2019-04-01 $132,400 (20.5%) $164,561 (11.5%) 0.00 307
    2019-05-01 $144,900 (27.9%) $171,865 (13.1%) 0.00 314
    2019-06-01 $139,927 (19.7%) $174,471 (8.7%) 0.00 335
    2019-07-01 $138,832 (13.8%) $170,710 (2.9%) 0.00 372
    2019-08-01 $141,064 (17.7%) $170,716 (6.3%) 0.00 358
    2019-09-01 $146,034 (21.7%) $172,152 (9.6%) 0.00 347
    2019-10-01 $149,348 (24.6%) $173,271 (13.3%) 0.00 336
    2019-11-01 $139,450 (13.9%) $164,905 (7.1%) 0.00 332
    2019-12-01 $137,900 (15.0%) $160,145 (7.2%) 0.00 316
    2020-01-01 $135,225 (13.3%) $161,570 (10.9%) 0.00 310
    2020-02-01 $134,800 (10.6%) $163,434 (4.6%) 0.00 286
    2020-03-01 $139,900 (10.6%) $168,246 (5.1%) 0.00 278
    2020-04-01 $142,425 (7.6%) $175,191 (6.5%) 0.00 259
    2020-05-01 $145,000 (0.1%) $184,900 (7.6%) 0.00 237
    2020-06-01 $149,574 (6.9%) $196,187 (12.5%) 0.00 245
    2020-07-01 $154,950 (11.6%) $203,165 (19.0%) 0.00 209
    2020-08-01 $149,900 (6.3%) $195,823 (14.7%) 0.00 199
    2020-09-01 $139,900 (-4.2%) $184,293 (7.1%) 0.00 201
    2020-10-01 $139,900 (-6.3%) $183,773 (6.1%) 0.00 197
    2020-11-01 $136,950 (-1.8%) $168,481 (2.2%) 0.00 192
    2020-12-01 $136,325 (-1.1%) $165,824 (3.6%) 0.00 158
    2021-01-01 $140,000 (3.5%) $183,800 (13.8%) 0.00 144
    2021-02-01 $143,400 (6.4%) $197,711 (21.0%) 0.00 108
    2021-03-01 $150,669 (7.7%) $202,360 (20.3%) 0.00 102
    2021-04-01 $151,300 (6.2%) $213,694 (22.0%) 0.00 95
    2021-05-01 $155,000 (6.9%) $217,872 (17.8%) 0.00 96
    2021-06-01 $158,681 (6.1%) $233,730 (19.1%) 0.00 132
    2021-07-01 $165,000 (6.5%) $259,991 (28.0%) 0.00 132
    2021-08-01 $159,825 (6.6%) $247,812 (26.6%) 0.00 146
    2021-09-01 $159,425 (14.0%) $237,789 (29.0%) 0.00 158
    2021-10-01 $155,000 (10.8%) $219,088 (19.2%) 0.00 166
    2021-11-01 $147,800 (7.9%) $193,743 (15.0%) 0.00 165
    2021-12-01 $143,625 (5.4%) $195,412 (17.8%) 0.00 142
    2022-01-01 $144,950 (3.5%) $187,213 (1.9%) 0.00 124
    2022-02-01 $132,469 (-7.6%) $176,698 (-10.6%) 0.00 109
    2022-03-01 $139,250 (-7.6%) $182,987 (-9.6%) 0.00 99
    2022-04-01 $160,950 (6.4%) $200,473 (-6.2%) 0.00 104
    2022-05-01 $169,850 (9.6%) $228,824 (5.0%) 0.00 109
    2022-06-01 $162,425 (2.4%) $211,310 (-9.6%) 0.00 154
    2022-07-01 $169,900 (3.0%) $229,265 (-11.8%) 0.00 180
    2022-08-01 $159,225 (-0.4%) $215,229 (-13.2%) 0.00 198
    2022-09-01 $164,950 (3.5%) $223,822 (-5.9%) 0.00 208
    2022-10-01 $178,500 (15.2%) $229,986 (5.0%) 0.00 199
    2022-11-01 $183,800 (24.4%) $272,843 (40.8%) 0.00 176
    2022-12-01 $178,750 (24.5%) $270,999 (38.7%) 0.00 149
    2023-01-01 $172,450 (19.0%) $272,687 (45.7%) 0.00 135
    2023-02-01 $184,175 (39.0%) $291,603 (65.0%) 0.00 115
    2023-03-01 $182,400 (31.0%) $294,874 (61.2%) 0.00 108
    2023-04-01 $194,950 (21.1%) $302,234 (50.8%) 0.00 108
    2023-05-01 $188,200 (10.8%) $274,123 (19.8%) 0.00 120
    2023-06-01 $192,250 (18.4%) $290,177 (37.3%) 0.00 129
    2023-07-01 $192,250 (13.2%) $284,665 (24.2%) 0.00 127
    2023-08-01 $199,000 (25.0%) $284,657 (32.3%) 0.00 149
    2023-09-01 $222,450 (34.9%) $261,173 (16.7%) 0.00 174
    2023-10-01 $199,900 (12.0%) $261,959 (13.9%) 0.00 178
    2023-11-01 $199,900 (8.8%) $252,431 (-7.5%) 0.00 172
    2023-12-01 $189,900 (6.2%) $250,501 (-7.6%) 0.00 155
    2024-01-01 $191,244 (10.9%) $253,489 (-7.0%) 0.00 139
    2024-02-01 $197,475 (7.2%) $253,537 (-13.1%) 0.00 118
    2024-03-01 $189,900 (4.1%) $265,891 (-9.8%) 0.00 120
    Ashtabula's median listing price for 2024-03-01 was $189,900, a difference of $7,500 (4.1%) versus the prior year and $-7,575 versus the prior month.

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

    Ashtabula's average listing price for 2024-03-01 was $265,891, a difference of $-28,983 (-9.8%) versus the prior year and $12,354 versus the prior month.

    For the 2024-03-01 period, Ashtabula had 120 MLS listings, a difference of 2 listings (2%) versus the prior month and 12 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ashtabula (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,500 sqft
    2018-02-01 0 days 1,498 sqft
    2018-03-01 0 days 1,484 sqft
    2018-04-01 0 days 1,525 sqft
    2018-05-01 0 days 1,528 sqft
    2018-06-01 0 days 1,536 sqft
    2018-07-01 0 days 1,626 sqft
    2018-08-01 0 days 1,552 sqft
    2018-09-01 0 days 1,536 sqft
    2018-10-01 0 days 1,554 sqft
    2018-11-01 0 days 1,562 sqft
    2018-12-01 0 days 1,542 sqft
    2019-01-01 0 days 1,558 sqft
    2019-02-01 0 days 1,625 sqft
    2019-03-01 0 days 1,666 sqft
    2019-04-01 0 days 1,705 sqft
    2019-05-01 0 days 1,640 sqft
    2019-06-01 0 days 1,632 sqft
    2019-07-01 0 days 1,600 sqft
    2019-08-01 0 days 1,628 sqft
    2019-09-01 0 days 1,670 sqft
    2019-10-01 0 days 1,707 sqft
    2019-11-01 0 days 1,654 sqft
    2019-12-01 0 days 1,580 sqft
    2020-01-01 0 days 1,578 sqft
    2020-02-01 0 days 1,540 sqft
    2020-03-01 0 days 1,509 sqft
    2020-04-01 0 days 1,506 sqft
    2020-05-01 0 days 1,556 sqft
    2020-06-01 0 days 1,618 sqft
    2020-07-01 0 days 1,666 sqft
    2020-08-01 0 days 1,554 sqft
    2020-09-01 0 days 1,568 sqft
    2020-10-01 0 days 1,548 sqft
    2020-11-01 0 days 1,482 sqft
    2020-12-01 0 days 1,443 sqft
    2021-01-01 0 days 1,447 sqft
    2021-02-01 0 days 1,479 sqft
    2021-03-01 0 days 1,478 sqft
    2021-04-01 0 days 1,501 sqft
    2021-05-01 0 days 1,508 sqft
    2021-06-01 0 days 1,597 sqft
    2021-07-01 0 days 1,600 sqft
    2021-08-01 0 days 1,651 sqft
    2021-09-01 0 days 1,612 sqft
    2021-10-01 0 days 1,597 sqft
    2021-11-01 0 days 1,549 sqft
    2021-12-01 0 days 1,515 sqft
    2022-01-01 0 days 1,529 sqft
    2022-02-01 0 days 1,418 sqft
    2022-03-01 0 days 1,395 sqft
    2022-04-01 0 days 1,459 sqft
    2022-05-01 0 days 1,452 sqft
    2022-06-01 0 days 1,440 sqft
    2022-07-01 0 days 1,558 sqft
    2022-08-01 0 days 1,493 sqft
    2022-09-01 0 days 1,535 sqft
    2022-10-01 0 days 1,547 sqft
    2022-11-01 0 days 1,642 sqft
    2022-12-01 0 days 1,657 sqft
    2023-01-01 0 days 1,627 sqft
    2023-02-01 0 days 1,626 sqft
    2023-03-01 0 days 1,599 sqft
    2023-04-01 0 days 1,662 sqft
    2023-05-01 0 days 1,698 sqft
    2023-06-01 0 days 1,731 sqft
    2023-07-01 0 days 1,662 sqft
    2023-08-01 0 days 1,598 sqft
    2023-09-01 0 days 1,600 sqft
    2023-10-01 0 days 1,626 sqft
    2023-11-01 0 days 1,630 sqft
    2023-12-01 0 days 1,647 sqft
    2024-01-01 0 days 1,690 sqft
    2024-02-01 0 days 1,651 sqft
    2024-03-01 0 days 1,596 sqft
    Ashtabula's median listing age (time on market) for 2024-03-01 was 0 days.

    Ashtabula's median square footage for active listings during the 2024-03-01 period was 1,596 sqft. One year prior, the average listing was 1,599 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.