Chillicothe VA Loan Rates, Closing Costs & Stats

Chillicothe, OH

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.

    Chillicothe's 35 lenders originated 119 VA loans during 2024. The total origination value was $29,625,000, with an average VA loan value of $248,950.

    Chillicothe VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Chillicothe averaged 0.71% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Chillicothe's average VA mortgage closing costs are $4,990.

    The average rate for the prior week (2025-06-13) was 7.06% and one month ago for the week of 2025-05-16, the average rate was 7.22%.

    The average rate one year ago was 6.81%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.62%.

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

    Chillicothe 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 Chillicothe level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 23 6.54% $4,420
    GUARANTEED RATE, INC. 20 6.07% $3,870
    UNITED WHOLESALE MORTGAGE, LLC 8 5.69% $8,127
    QUICKEN LOANS, LLC 7 6.00% $9,461
    FREEDOM MORTGAGE CORPORATION 6 6.13% $7,499
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 6 7.12% $10,910
    VILLAGE CAPITAL MORTGAGE 5 5.83% $4,520
    Fifth Third Bank 5 6.35% $4,512
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 6.75% $4,079
    Carrington Mortgage Services, LLC 3 5.79% $4,564
    RAPID MORTGAGE COMPANY 2 6.37% $9,493
    RUOFF MORTGAGE COMPANY, INC. 2 5.88% $3,730
    USAA Federal Savings Bank 2 5.63% $8,717
    GSF Mortgage Corporation 2 7.19% $3,419
    LCNB National Bank 1 5.88% $3,966
    CARDINAL FINANCIAL 1 6.75% $4,827
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $8,278
    NEW DAY FINANCIAL, LLC 1 7.99% $13,435
    NEWREZ LLC 1 4.88% $6,294
    Paramount Residential Mortgage Group, Inc. 1 6.63% $6,292
    PLANET HOME LENDING, LLC 1 6.00% $2,110
    POLARIS HOME FUNDING CORP. 1 6.75% $12,577
    BROKER SOLUTIONS, INC. 1 6.75% $2,848
    Residential Mortgage Solutions, Inc. 1 6.50% $3,299
    The Huntington National Bank 1 6.88% $2,961
    The Loan Store, Inc. 1 6.63% $9,932
    TJC Mortgage, Inc. 1 6.25% $11,504
    UNION HOME MORTGAGE CORP. 1 6.38% $3,420
    Flagstar Bank, FSB 1 6.01% $13,126
    American Mortgage & Equity Consultants, Inc. 1 6.50% $9,143
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $24,687
    Century Mortgage Company DBA Century Lending Company 1 6.13% $3,732
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $6,373
    HOMESIDE FINANCIAL, LLC 1 7.25% $6,022
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.63% $13,037

    The top Chillicothe VA lender as defined by loan originations is Mortgage Research Center, LLC, with 23 VA loans originated. Their average total fees are $4,420, which is $549 higher than the next largest lender, GUARANTEED RATE, INC..

    The lowest fee Chillicothe VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($3,870), Mortgage Research Center, LLC ($4,420), .

    The lowest rate Chillicothe VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. (6.07%), Mortgage Research Center, LLC (6.54%), .

    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.