Canton VA Loan Rates, Closing Costs & Stats

CANTON-MASSILLON, 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.

    Canton's 70 lenders originated 508 VA loans during 2024. The total origination value was $126,860,000, with an average VA loan value of $249,724.

    Canton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Canton averaged 0.57% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Canton's average VA mortgage closing costs are $5,552.

    The average rate for the prior week (2025-06-13) was 6.92% and one month ago for the week of 2025-05-16, the average rate was 6.78%.

    The average rate one year ago was 7.18%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.61%.

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

    Canton 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 Canton level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 118 6.39% $5,375
    CROSSCOUNTRY MORTGAGE, LLC 42 6.48% $6,931
    QUICKEN LOANS, LLC 34 5.93% $8,590
    UNITED WHOLESALE MORTGAGE, LLC 30 5.77% $8,740
    NEW DAY FINANCIAL, LLC 22 7.43% $9,357
    FREEDOM MORTGAGE CORPORATION 20 6.20% $7,092
    PENNYMAC LOAN SERVICES, LLC 16 5.66% $7,666
    The Huntington National Bank 13 6.79% $7,085
    NAVY FEDERAL CREDIT UNION 12 5.77% $3,687
    POLARIS HOME FUNDING CORP. 12 6.57% $8,172
    VILLAGE CAPITAL MORTGAGE 10 5.92% $6,006
    NVR Mortgage Finance, Inc. 8 6.20% $6,379
    The Federal Savings Bank 8 6.73% $20,035
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 5.97% $5,404
    USAA Federal Savings Bank 8 6.27% $6,771
    LOANDEPOT.COM, LLC 7 6.32% $8,356
    GUARANTEED RATE, INC. 7 6.15% $6,213
    UNION HOME MORTGAGE CORP. 7 6.32% $7,380
    Nations Lending Corporation 5 6.55% $13,404
    RUOFF MORTGAGE COMPANY, INC. 4 6.38% $5,217
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.56% $7,587
    S1L, Inc. 4 6.47% $8,290
    JPMorgan Chase Bank 4 6.59% $806
    Magnolia Bank 4 6.09% $12,074
    PNC Bank 4 6.38% $10,359
    NEWREZ LLC 3 6.42% $7,882
    CLEARPATH LENDING 3 5.79% $6,249
    KeyBank 3 6.25% $6,941
    Mr. Cooper ( Nationstar Mortgage ) 3 5.92% $7,472
    The Farmers National Bank of Canfield 2 6.44% $3,208
    AMERISAVE MORTGAGE CORPORATION 2 6.00% $14,413
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.44% $5,384
    Carrington Mortgage Services, LLC 2 6.13% $9,374
    DEVELOPER'S MORTGAGE COMPANY 2 7.00% $3,685
    Equity Prime Mortgage LLC 2 6.75% $7,086
    Flagstar Bank, FSB 2 7.75% $6,909
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 2 5.06% $194
    LOANPAL, LLC 2 6.50% $7,502
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.75% $1,562
    M&T Bank 2 5.94% $7,911
    NFM, INC. 2 6.88% $5,484
    PREMIER LENDING, INC. 2 6.69% $5,418
    SUN WEST MORTGAGE COMPANY, INC. 2 6.63% $6,249
    LEADERONE FINANCIAL CORPORATION 1 6.63% $16,332
    LAKEVIEW LOAN SERVICING, LLC 1 6.13% $6,162
    Alcova Mortgage LLC 1 5.63% $20,053
    HOMESIDE FINANCIAL, LLC 1 5.75% $10,266
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $1,539
    PENTAGON FEDERAL CREDIT UNION 1 6.13% $3,390
    Plains Commerce Bank 1 7.25% $3,158
    PLANET HOME LENDING, LLC 1 5.99% $4,910
    PLAZA HOME MORTGAGE, INC. 1 6.75% $29,170
    GVC MORTGAGE, INC. 1 5.75% $4,369
    GUILD MORTGAGE COMPANY 1 5.63% $17,005
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.75% $5,620
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.99% $9,245
    First Federal Bank of the Midwest 1 6.63% $3,522
    First Commonwealth Bank 1 6.13% $7,185
    CANTON SCHOOL EMPLOYEES 1 6.75% $3,321
    WEST PENN FINANCIAL SERVICE CENTER, INC. 1 7.13% $4,109
    T2 FINANCIAL LLC 1 7.13% $10,690
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.75% $9,101
    BROKER SOLUTIONS, INC. 1 5.88% $4,316
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.25% $7,469
    TJC Mortgage, Inc. 1 5.25% $9,165
    AMERICAN FINANCING CORPORATION 1 7.25% $4,859
    ALLIANT CREDIT UNION 1 5.25% $2,162
    MORTGAGEONE, INC. 1 8.00% $1,728
    MID AMERICA MORTGAGE, INC. 1 6.63% $7,227
    NBKC BANK 1 5.50% $88

    The top Canton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 118 VA loans originated. Their average total fees are $5,375, which is $1,556 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Canton VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($3,687), Mortgage Research Center, LLC ($5,375), VILLAGE CAPITAL MORTGAGE ($6,006), CROSSCOUNTRY MORTGAGE, LLC ($6,931) and The Huntington National Bank ($7,085).

    The lowest rate Canton VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.66%), UNITED WHOLESALE MORTGAGE, LLC (5.77%), NAVY FEDERAL CREDIT UNION (5.77%), VILLAGE CAPITAL MORTGAGE (5.92%) and QUICKEN LOANS, LLC (5.93%).

    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.