Bellefontaine VA Loan Rates, Closing Costs & Stats

Bellefontaine, 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.

Bellefontaine's 31 lenders originated 71 VA loans during 2022. The total origination value was $16,045,000, with an average VA loan value of $225,986.

Bellefontaine VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Bellefontaine averaged -0.05% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Bellefontaine's average VA mortgage closing costs are $5,013.

The average rate for the prior week (2024-02-16) was 6.42% and one month ago for the week of 2024-01-19, the average rate was 6.08%.

The average rate one year ago was 6.19%.

For refis of the same type during the week of 2024-02-23, the average rate was -0.1%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 15 5.58% $4,908
QUICKEN LOANS, LLC 4 4.13% $6,838
PENNYMAC LOAN SERVICES, LLC 4 3.72% $4,581
NEW DAY FINANCIAL, LLC 4 5.56% $9,816
Mr. Cooper ( Nationstar Mortgage ) 3 4.83% $8,402
NAVY FEDERAL CREDIT UNION 3 5.79% $8,971
RUOFF MORTGAGE COMPANY, INC. 3 5.71% $4,889
Wells Fargo Bank 2 3.19% $4,161
Barrington Bank & Trust Company, N.A. 2 4.81% $6,703
CROSSCOUNTRY MORTGAGE, LLC 2 5.09% $13,193
FREEDOM MORTGAGE CORPORATION 2 3.06% $2,698
LOANDEPOT.COM, LLC 2 5.06% $7,444
MOVEMENT MORTGAGE, LLC 2 4.06% $5,522
Union Savings Bank 2 3.13% $4,137
UNITED WHOLESALE MORTGAGE, LLC 2 3.25% $7,606
USAA Federal Savings Bank 2 5.63% $8,099
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $5,396
AMERICAN MORTGAGE SERVICE COMPANY 1 6.75% $7,349
First Federal Bank 1 4.38% $13,836
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 4.13% $11,208
Equity Prime Mortgage LLC 1 5.75% $8,273
EMBRACE HOME LOANS, INC. 1 3.49% $9,183
Citizens Bank 1 4.63% $3,907
AMERISAVE MORTGAGE CORPORATION 1 6.75% $3,335
T2 FINANCIAL LLC 1 5.75% $893
The Huntington National Bank 1 5.50% $10,253
HOME POINT FINANCIAL CORPORATION 1 3.25% $1,690
LAND HOME FINANCIAL SERVICES, INC. 1 3.75% $8,915
UNION HOME MORTGAGE CORP. 1 2.38% $2,943
MIDLAND MORTGAGE CORPORATION 1 4.75% $13,023
GUARANTEED RATE, INC. 1 4.75% $5,718

The top Bellefontaine VA lender as defined by loan originations is Mortgage Research Center, LLC, with 15 VA loans originated. Their average total fees are $4,908, which is $1,930 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 ($4,908), .

The lowest rate Bellefontaine VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (5.58%), .


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
Bellefontaine's median listing price for 2023-12-01 was $249,900, a difference of $-8,800 (-3.4%) versus the prior year and $-19,775 versus the prior month.

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

Bellefontaine's average listing price for 2023-12-01 was $318,547, a difference of $-31,122 (-8.9%) versus the prior year and $-15,986 versus the prior month.

For the 2023-12-01 period, Bellefontaine had 80 MLS listings, a difference of -15 listings (-16%) versus the prior month and -13 listings (-14%) 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
Bellefontaine's median listing age (time on market) for 2023-12-01 was 0 days.

Bellefontaine's median square footage for active listings during the 2023-12-01 period was 1,558 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.