Bellefontaine VA Loan Rates, Closing Costs & Stats

Bellefontaine, 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.

    Bellefontaine's 26 lenders originated 57 VA loans during 2023. The total origination value was $14,965,000, with an average VA loan value of $262,544.

    Bellefontaine VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bellefontaine averaged 7.24% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Bellefontaine's average VA mortgage closing costs are $5,423.

    The average rate for the prior week (2024-04-12) was 6.87% and one month ago for the week of 2024-03-15, the average rate was 6.73%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Bellefontaine 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 Bellefontaine level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 14 6.70% $5,575
    QUICKEN LOANS, LLC 5 6.72% $8,534
    UNITED WHOLESALE MORTGAGE, LLC 3 6.41% $5,122
    The Huntington National Bank 3 6.96% $3,816
    FREEDOM MORTGAGE CORPORATION 2 6.31% $18,579
    Gateway First Bank 2 5.56% $8,963
    Barrington Bank & Trust Company, N.A. 2 6.88% $7,221
    NEW DAY FINANCIAL, LLC 2 8.12% $13,345
    CROSSCOUNTRY MORTGAGE, LLC 2 7.75% $9,986
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.62% $15,585
    Service Federal Credit Union 1 6.50% $1,488
    SUN WEST MORTGAGE COMPANY, INC. 1 6.84% $5,699
    The Federal Savings Bank 1 7.25% $18,219
    UNION HOME MORTGAGE CORP. 1 7.63% $10,562
    USAA Federal Savings Bank 1 6.50% $7,884
    Western Ohio Mortgage Corporation 1 6.88% $17,434
    WRIGHT-PATT CREDIT UNION, INC. 1 6.63% $3,008
    GSF Mortgage Corporation 1 6.13% $5,049
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 7.00% $17,529
    LOANDEPOT.COM, LLC 1 6.63% $8,438
    NAVY FEDERAL CREDIT UNION 1 5.38% $9,184
    NEWREZ LLC 1 7.25% $24,093
    ON Q FINANCIAL, INC. 1 7.13% $8,216
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $2,845
    RAPID MORTGAGE COMPANY 1 7.13% $11,440
    RELIANCE FIRST CAPITAL, LLC 1 7.25% $10,143

    The top Bellefontaine VA lender as defined by loan originations is Mortgage Research Center, LLC, with 14 VA loans originated. Their average total fees are $5,575, which is $2,959 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Bellefontaine VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,575), .

    The lowest rate Bellefontaine VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.70%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bellefontaine (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 $149,900 (9.3%) $266,242 (13.1%) 0.00 186
    2018-02-01 $144,900 (-1.7%) $263,826 (7.6%) 0.00 192
    2018-03-01 $157,450 (1.0%) $265,717 (6.1%) 0.00 192
    2018-04-01 $168,724 (12.5%) $271,189 (5.3%) 0.00 187
    2018-05-01 $151,450 (-6.1%) $263,072 (12.7%) 0.00 185
    2018-06-01 $167,000 (4.4%) $265,870 (14.7%) 0.00 189
    2018-07-01 $169,675 (16.2%) $267,711 (18.6%) 0.00 198
    2018-08-01 $172,400 (16.2%) $271,836 (8.4%) 0.00 204
    2018-09-01 $168,700 (14.0%) $260,786 (14.2%) 0.00 211
    2018-10-01 $164,950 (3.1%) $225,477 (-17.9%) 0.00 218
    2018-11-01 $164,900 (3.1%) $225,500 (-19.2%) 0.00 213
    2018-12-01 $169,900 (6.2%) $226,812 (-14.0%) 0.00 190
    2019-01-01 $164,900 (10.0%) $225,292 (-15.4%) 0.00 136
    2019-02-01 $157,400 (8.6%) $208,400 (-21.0%) 0.00 129
    2019-03-01 $153,900 (-2.3%) $212,494 (-20.0%) 0.00 127
    2019-04-01 $169,900 (0.7%) $227,219 (-16.2%) 0.00 139
    2019-05-01 $177,400 (17.1%) $236,602 (-10.1%) 0.00 154
    2019-06-01 $164,900 (-1.3%) $221,377 (-16.7%) 0.00 171
    2019-07-01 $154,900 (-8.7%) $204,652 (-23.6%) 0.00 175
    2019-08-01 $154,732 (-10.3%) $208,263 (-23.4%) 0.00 165
    2019-09-01 $162,730 (-3.5%) $214,240 (-17.9%) 0.00 167
    2019-10-01 $169,473 (2.7%) $219,191 (-2.8%) 0.00 167
    2019-11-01 $169,900 (3.0%) $225,296 (-0.1%) 0.00 157
    2019-12-01 $164,450 (-3.2%) $226,611 (-0.1%) 0.00 146
    2020-01-01 $164,900 (0.0%) $228,084 (1.2%) 0.00 125
    2020-02-01 $159,450 (1.3%) $226,188 (8.5%) 0.00 124
    2020-03-01 $158,675 (3.1%) $216,953 (2.1%) 0.00 123
    2020-04-01 $162,400 (-4.4%) $229,399 (1.0%) 0.00 124
    2020-05-01 $177,450 (0.0%) $239,929 (1.4%) 0.00 108
    2020-06-01 $195,150 (18.3%) $255,014 (15.2%) 0.00 77
    2020-07-01 $182,400 (17.8%) $228,836 (11.8%) 0.00 58
    2020-08-01 $152,450 (-1.5%) $232,475 (11.6%) 0.00 54
    2020-09-01 $181,950 (11.8%) $311,999 (45.6%) 0.00 54
    2020-10-01 $165,000 (-2.6%) $292,309 (33.4%) 0.00 63
    2020-11-01 $158,500 (-6.7%) $290,574 (29.0%) 0.00 57
    2020-12-01 $151,450 (-7.9%) $305,032 (34.6%) 0.00 48
    2021-01-01 $189,900 (15.2%) $331,188 (45.2%) 0.00 46
    2021-02-01 $214,925 (34.8%) $380,867 (68.4%) 0.00 39
    2021-03-01 $252,400 (59.1%) $430,367 (98.4%) 0.00 37
    2021-04-01 $234,725 (44.5%) $415,898 (81.3%) 0.00 31
    2021-05-01 $231,950 (30.7%) $328,666 (37.0%) 0.00 49
    2021-06-01 $238,075 (22.0%) $359,362 (40.9%) 0.00 61
    2021-07-01 $234,500 (28.6%) $352,151 (53.9%) 0.00 70
    2021-08-01 $234,200 (53.6%) $326,434 (40.4%) 0.00 83
    2021-09-01 $232,400 (27.7%) $298,214 (-4.4%) 0.00 100
    2021-10-01 $213,233 (29.2%) $301,171 (3.0%) 0.00 93
    2021-11-01 $194,800 (22.9%) $284,296 (-2.2%) 0.00 80
    2021-12-01 $186,150 (22.9%) $285,474 (-6.4%) 0.00 65
    2022-01-01 $207,500 (9.3%) $329,827 (-0.4%) 0.00 61
    2022-02-01 $209,950 (-2.3%) $343,681 (-9.8%) 0.00 65
    2022-03-01 $253,675 (0.5%) $344,807 (-19.9%) 0.00 68
    2022-04-01 $222,000 (-5.4%) $356,543 (-14.3%) 0.00 68
    2022-05-01 $259,925 (12.1%) $348,388 (6.0%) 0.00 72
    2022-06-01 $304,475 (27.9%) $406,232 (13.0%) 0.00 110
    2022-07-01 $292,950 (24.9%) $386,326 (9.7%) 0.00 132
    2022-08-01 $309,900 (32.3%) $388,413 (19.0%) 0.00 127
    2022-09-01 $287,200 (23.6%) $370,114 (24.1%) 0.00 116
    2022-10-01 $282,400 (32.4%) $360,800 (19.8%) 0.00 118
    2022-11-01 $277,425 (42.4%) $360,680 (26.9%) 0.00 103
    2022-12-01 $258,700 (39.0%) $349,669 (22.5%) 0.00 93
    2023-01-01 $271,175 (30.7%) $364,645 (10.6%) 0.00 85
    2023-02-01 $277,450 (32.2%) $368,101 (7.1%) 0.00 83
    2023-03-01 $285,725 (12.6%) $374,683 (8.7%) 0.00 88
    2023-04-01 $307,000 (38.3%) $374,319 (5.0%) 0.00 93
    2023-05-01 $274,975 (5.8%) $356,257 (2.3%) 0.00 99
    2023-06-01 $267,400 (-12.2%) $329,045 (-19.0%) 0.00 96
    2023-07-01 $249,900 (-14.7%) $330,314 (-14.5%) 0.00 85
    2023-08-01 $242,450 (-21.8%) $329,715 (-15.1%) 0.00 83
    2023-09-01 $238,450 (-17.0%) $308,282 (-16.7%) 0.00 80
    2023-10-01 $235,425 (-16.6%) $313,521 (-13.1%) 0.00 92
    2023-11-01 $269,675 (-2.8%) $334,533 (-7.3%) 0.00 95
    2023-12-01 $249,900 (-3.4%) $318,547 (-8.9%) 0.00 80
    2024-01-01 $238,475 (-12.1%) $301,446 (-17.3%) 0.00 75
    2024-02-01 $229,950 (-17.1%) $304,798 (-17.2%) 0.00 82
    2024-03-01 $247,450 (-13.4%) $310,969 (-17.0%) 0.00 90
    Bellefontaine's median listing price for 2024-03-01 was $247,450, a difference of $-38,275 (-13.4%) versus the prior year and $17,500 versus the prior month.

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

    Bellefontaine's average listing price for 2024-03-01 was $310,969, a difference of $-63,714 (-17.0%) versus the prior year and $6,171 versus the prior month.

    For the 2024-03-01 period, Bellefontaine had 90 MLS listings, a difference of 8 listings (10%) versus the prior month and 2 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bellefontaine (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,546 sqft
    2018-02-01 0 days 1,555 sqft
    2018-03-01 0 days 1,503 sqft
    2018-04-01 0 days 1,636 sqft
    2018-05-01 0 days 1,629 sqft
    2018-06-01 0 days 1,628 sqft
    2018-07-01 0 days 1,629 sqft
    2018-08-01 0 days 1,640 sqft
    2018-09-01 0 days 1,620 sqft
    2018-10-01 0 days 1,596 sqft
    2018-11-01 0 days 1,614 sqft
    2018-12-01 0 days 1,700 sqft
    2019-01-01 0 days 1,604 sqft
    2019-02-01 0 days 1,616 sqft
    2019-03-01 0 days 1,569 sqft
    2019-04-01 0 days 1,513 sqft
    2019-05-01 0 days 1,483 sqft
    2019-06-01 0 days 1,503 sqft
    2019-07-01 0 days 1,512 sqft
    2019-08-01 0 days 1,502 sqft
    2019-09-01 0 days 1,486 sqft
    2019-10-01 0 days 1,499 sqft
    2019-11-01 0 days 1,522 sqft
    2019-12-01 0 days 1,483 sqft
    2020-01-01 0 days 1,476 sqft
    2020-02-01 0 days 1,452 sqft
    2020-03-01 0 days 1,409 sqft
    2020-04-01 0 days 1,397 sqft
    2020-05-01 0 days 1,402 sqft
    2020-06-01 0 days 1,444 sqft
    2020-07-01 0 days 1,453 sqft
    2020-08-01 0 days 1,488 sqft
    2020-09-01 0 days 1,481 sqft
    2020-10-01 0 days 1,420 sqft
    2020-11-01 0 days 1,441 sqft
    2020-12-01 0 days 1,439 sqft
    2021-01-01 0 days 1,420 sqft
    2021-02-01 0 days 1,473 sqft
    2021-03-01 0 days 1,656 sqft
    2021-04-01 0 days 1,531 sqft
    2021-05-01 0 days 1,566 sqft
    2021-06-01 0 days 1,651 sqft
    2021-07-01 0 days 1,642 sqft
    2021-08-01 0 days 1,507 sqft
    2021-09-01 0 days 1,470 sqft
    2021-10-01 0 days 1,564 sqft
    2021-11-01 0 days 1,510 sqft
    2021-12-01 0 days 1,436 sqft
    2022-01-01 0 days 1,424 sqft
    2022-02-01 0 days 1,434 sqft
    2022-03-01 0 days 1,547 sqft
    2022-04-01 0 days 1,665 sqft
    2022-05-01 0 days 1,495 sqft
    2022-06-01 0 days 1,554 sqft
    2022-07-01 0 days 1,584 sqft
    2022-08-01 0 days 1,535 sqft
    2022-09-01 0 days 1,590 sqft
    2022-10-01 0 days 1,577 sqft
    2022-11-01 0 days 1,607 sqft
    2022-12-01 0 days 1,599 sqft
    2023-01-01 0 days 1,586 sqft
    2023-02-01 0 days 1,440 sqft
    2023-03-01 0 days 1,412 sqft
    2023-04-01 0 days 1,386 sqft
    2023-05-01 0 days 1,360 sqft
    2023-06-01 0 days 1,387 sqft
    2023-07-01 0 days 1,373 sqft
    2023-08-01 0 days 1,554 sqft
    2023-09-01 0 days 1,384 sqft
    2023-10-01 0 days 1,557 sqft
    2023-11-01 0 days 1,643 sqft
    2023-12-01 0 days 1,558 sqft
    2024-01-01 0 days 1,513 sqft
    2024-02-01 0 days 1,442 sqft
    2024-03-01 0 days 1,354 sqft
    Bellefontaine's median listing age (time on market) for 2024-03-01 was 0 days.

    Bellefontaine's median square footage for active listings during the 2024-03-01 period was 1,354 sqft. One year prior, the average listing was 1,412 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.