Chillicothe VA Loan Rates, Closing Costs & Stats

Chillicothe, 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.

    Chillicothe's 30 lenders originated 92 VA loans during 2023. The total origination value was $21,860,000, with an average VA loan value of $237,609.

    Chillicothe VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Chillicothe 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.

    Chillicothe's average VA mortgage closing costs are $4,838.

    The average rate for the prior week (2024-04-12) was 6.84% and one month ago for the week of 2024-03-15, the average rate was 6.7%.

    The average rate one year ago was 6.39%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.56%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 17 6.74% $7,430
    GUARANTEED RATE, INC. 17 6.44% $4,534
    UNION HOME MORTGAGE CORP. 10 7.00% $6,122
    NEW DAY FINANCIAL, LLC 6 7.54% $10,635
    QUICKEN LOANS, LLC 5 6.77% $4,772
    CROSSCOUNTRY MORTGAGE, LLC 3 7.08% $4,422
    RAPID MORTGAGE COMPANY 3 7.13% $6,681
    Fifth Third Bank 3 6.33% $7,467
    UNITED WHOLESALE MORTGAGE, LLC 2 6.47% $5,840
    USAA Federal Savings Bank 2 6.19% $4,911
    NAVY FEDERAL CREDIT UNION 2 6.31% $1,919
    FREEDOM MORTGAGE CORPORATION 2 7.00% $6,031
    Paramount Residential Mortgage Group, Inc. 1 5.63% $13,560
    POLARIS HOME FUNDING CORP. 1 6.25% $10,722
    RUOFF MORTGAGE COMPANY, INC. 1 6.75% $3,693
    The Huntington National Bank 1 6.63% $2,406
    VILLAGE CAPITAL MORTGAGE 1 5.25% $3,829
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $15,304
    WesBanco 1 5.88% $2,844
    Barrington Bank & Trust Company, N.A. 1 7.25% $625
    BROKER SOLUTIONS, INC. 1 7.25% $11,138
    DAS Acquisition Company, LLC 1 7.00% $4,311
    FIRST COMMUNITY MORTGAGE, INC. 1 7.00% $13,760
    Flagstar Bank, FSB 1 6.25% $4,580
    Gateway First Bank 1 7.25% $2,921
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.38% $6,786
    HOMELAND CREDIT UNION, INC. 1 7.13% $13,227
    LOANDEPOT.COM, LLC 1 4.99% $15,016
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $9,260
    NFM, INC. 1 7.38% $9,092

    The top Chillicothe VA lender as defined by loan originations is Mortgage Research Center, LLC, with 17 VA loans originated. Their average total fees are $7,430, which is $2,896 higher than the next largest lender, GUARANTEED RATE, INC..

    The lowest fee Chillicothe VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($4,534), UNION HOME MORTGAGE CORP. ($6,122), Mortgage Research Center, LLC ($7,430), .

    The lowest rate Chillicothe VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. (6.44%), Mortgage Research Center, LLC (6.74%), UNION HOME MORTGAGE CORP. (7.00%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Chillicothe (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 $140,750 (17.4%) $169,141 (9.7%) 0.00 229
    2018-02-01 $142,400 (21.7%) $166,767 (10.0%) 0.00 232
    2018-03-01 $146,500 (24.2%) $168,900 (11.3%) 0.00 237
    2018-04-01 $144,800 (18.2%) $170,783 (8.0%) 0.00 245
    2018-05-01 $144,600 (11.3%) $164,308 (0.1%) 0.00 248
    2018-06-01 $139,900 (3.7%) $164,398 (-1.4%) 0.00 242
    2018-07-01 $144,925 (9.1%) $173,331 (6.8%) 0.00 239
    2018-08-01 $139,500 (3.4%) $171,277 (4.1%) 0.00 226
    2018-09-01 $138,000 (2.3%) $175,085 (6.4%) 0.00 237
    2018-10-01 $133,400 (-4.2%) $166,391 (-3.0%) 0.00 242
    2018-11-01 $127,722 (-8.2%) $163,715 (-4.0%) 0.00 251
    2018-12-01 $127,995 (-7.9%) $165,259 (-2.3%) 0.00 230
    2019-01-01 $133,743 (-5.0%) $179,258 (6.0%) 0.00 231
    2019-02-01 $130,095 (-8.6%) $176,127 (5.6%) 0.00 211
    2019-03-01 $135,069 (-7.8%) $175,987 (4.2%) 0.00 206
    2019-04-01 $139,500 (-3.7%) $177,680 (4.0%) 0.00 188
    2019-05-01 $144,992 (0.3%) $183,190 (11.5%) 0.00 187
    2019-06-01 $149,900 (7.2%) $187,297 (13.9%) 0.00 181
    2019-07-01 $149,900 (3.4%) $185,401 (7.0%) 0.00 168
    2019-08-01 $149,900 (7.5%) $186,223 (8.7%) 0.00 169
    2019-09-01 $149,900 (8.6%) $187,560 (7.1%) 0.00 180
    2019-10-01 $154,450 (15.8%) $190,695 (14.6%) 0.00 183
    2019-11-01 $151,000 (18.2%) $190,611 (16.4%) 0.00 174
    2019-12-01 $148,950 (16.4%) $171,869 (4.0%) 0.00 150
    2020-01-01 $149,900 (12.1%) $171,695 (-4.2%) 0.00 135
    2020-02-01 $149,900 (15.2%) $188,291 (6.9%) 0.00 130
    2020-03-01 $161,975 (19.9%) $197,794 (12.4%) 0.00 113
    2020-04-01 $181,475 (30.1%) $213,511 (20.2%) 0.00 125
    2020-05-01 $189,900 (31.0%) $222,353 (21.4%) 0.00 116
    2020-06-01 $186,975 (24.7%) $234,881 (25.4%) 0.00 91
    2020-07-01 $193,225 (28.9%) $234,148 (26.3%) 0.00 80
    2020-08-01 $175,000 (16.7%) $230,869 (24.0%) 0.00 82
    2020-09-01 $179,925 (20.0%) $230,184 (22.7%) 0.00 73
    2020-10-01 $169,900 (10.0%) $220,240 (15.5%) 0.00 97
    2020-11-01 $169,900 (12.5%) $217,425 (14.1%) 0.00 110
    2020-12-01 $169,250 (13.6%) $219,277 (27.6%) 0.00 96
    2021-01-01 $169,450 (13.0%) $241,524 (40.7%) 0.00 82
    2021-02-01 $169,450 (13.0%) $268,336 (42.5%) 0.00 66
    2021-03-01 $164,475 (1.5%) $267,881 (35.4%) 0.00 52
    2021-04-01 $175,575 (-3.3%) $269,729 (26.3%) 0.00 52
    2021-05-01 $179,900 (-5.3%) $268,615 (20.8%) 0.00 53
    2021-06-01 $184,875 (-1.1%) $298,433 (27.1%) 0.00 57
    2021-07-01 $171,950 (-11.0%) $273,451 (16.8%) 0.00 76
    2021-08-01 $182,000 (4.0%) $277,784 (20.3%) 0.00 80
    2021-09-01 $194,700 (8.2%) $284,144 (23.4%) 0.00 78
    2021-10-01 $169,900 (0.0%) $261,221 (18.6%) 0.00 79
    2021-11-01 $163,675 (-3.7%) $266,450 (22.6%) 0.00 71
    2021-12-01 $170,975 (1.0%) $269,623 (23.0%) 0.00 65
    2022-01-01 $170,000 (0.3%) $293,763 (21.6%) 0.00 46
    2022-02-01 $154,825 (-8.6%) $313,225 (16.7%) 0.00 35
    2022-03-01 $240,725 (46.4%) $333,816 (24.6%) 0.00 44
    2022-04-01 $229,900 (30.9%) $318,714 (18.2%) 0.00 45
    2022-05-01 $230,725 (28.3%) $298,889 (11.3%) 0.00 55
    2022-06-01 $229,900 (24.4%) $328,364 (10.0%) 0.00 63
    2022-07-01 $237,450 (38.1%) $327,800 (19.9%) 0.00 84
    2022-08-01 $244,475 (34.3%) $343,290 (23.6%) 0.00 84
    2022-09-01 $228,375 (17.3%) $325,180 (14.4%) 0.00 85
    2022-10-01 $242,700 (42.9%) $339,930 (30.1%) 0.00 91
    2022-11-01 $241,750 (47.7%) $331,588 (24.5%) 0.00 92
    2022-12-01 $263,700 (54.2%) $336,586 (24.8%) 0.00 82
    2023-01-01 $253,750 (49.3%) $298,299 (1.5%) 0.00 70
    2023-02-01 $246,850 (59.4%) $307,088 (-2.0%) 0.00 60
    2023-03-01 $302,500 (25.7%) $337,415 (1.1%) 0.00 61
    2023-04-01 $314,450 (36.8%) $340,229 (6.8%) 0.00 58
    2023-05-01 $270,000 (17.0%) $304,168 (1.8%) 0.00 63
    2023-06-01 $269,450 (17.2%) $325,006 (-1.0%) 0.00 72
    2023-07-01 $299,900 (26.3%) $347,995 (6.2%) 0.00 77
    2023-08-01 $270,000 (10.4%) $329,379 (-4.1%) 0.00 84
    2023-09-01 $280,000 (22.6%) $330,169 (1.5%) 0.00 88
    2023-10-01 $291,950 (20.3%) $346,815 (2.0%) 0.00 96
    2023-11-01 $249,900 (3.4%) $309,232 (-6.7%) 0.00 110
    2023-12-01 $249,000 (-5.6%) $303,224 (-9.9%) 0.00 109
    2024-01-01 $247,450 (-2.5%) $297,649 (-0.2%) 0.00 80
    2024-02-01 $244,925 (-0.8%) $284,678 (-7.3%) 0.00 68
    2024-03-01 $240,000 (-20.7%) $279,080 (-17.3%) 0.00 62
    Chillicothe's median listing price for 2024-03-01 was $240,000, a difference of $-62,500 (-20.7%) versus the prior year and $-4,925 versus the prior month.

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

    Chillicothe's average listing price for 2024-03-01 was $279,080, a difference of $-58,335 (-17.3%) versus the prior year and $-5,598 versus the prior month.

    For the 2024-03-01 period, Chillicothe had 62 MLS listings, a difference of -6 listings (-9%) versus the prior month and 1 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Chillicothe (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,571 sqft
    2018-02-01 0 days 1,558 sqft
    2018-03-01 0 days 1,620 sqft
    2018-04-01 0 days 1,611 sqft
    2018-05-01 0 days 1,500 sqft
    2018-06-01 0 days 1,500 sqft
    2018-07-01 0 days 1,536 sqft
    2018-08-01 0 days 1,548 sqft
    2018-09-01 0 days 1,536 sqft
    2018-10-01 0 days 1,477 sqft
    2018-11-01 0 days 1,449 sqft
    2018-12-01 0 days 1,444 sqft
    2019-01-01 0 days 1,450 sqft
    2019-02-01 0 days 1,437 sqft
    2019-03-01 0 days 1,444 sqft
    2019-04-01 0 days 1,442 sqft
    2019-05-01 0 days 1,446 sqft
    2019-06-01 0 days 1,480 sqft
    2019-07-01 0 days 1,507 sqft
    2019-08-01 0 days 1,561 sqft
    2019-09-01 0 days 1,552 sqft
    2019-10-01 0 days 1,565 sqft
    2019-11-01 0 days 1,536 sqft
    2019-12-01 0 days 1,436 sqft
    2020-01-01 0 days 1,455 sqft
    2020-02-01 0 days 1,476 sqft
    2020-03-01 0 days 1,544 sqft
    2020-04-01 0 days 1,675 sqft
    2020-05-01 0 days 1,739 sqft
    2020-06-01 0 days 1,756 sqft
    2020-07-01 0 days 1,756 sqft
    2020-08-01 0 days 1,602 sqft
    2020-09-01 0 days 1,660 sqft
    2020-10-01 0 days 1,544 sqft
    2020-11-01 0 days 1,559 sqft
    2020-12-01 0 days 1,544 sqft
    2021-01-01 0 days 1,512 sqft
    2021-02-01 0 days 1,642 sqft
    2021-03-01 0 days 1,511 sqft
    2021-04-01 0 days 1,639 sqft
    2021-05-01 0 days 1,536 sqft
    2021-06-01 0 days 1,552 sqft
    2021-07-01 0 days 1,622 sqft
    2021-08-01 0 days 1,576 sqft
    2021-09-01 0 days 1,532 sqft
    2021-10-01 0 days 1,552 sqft
    2021-11-01 0 days 1,558 sqft
    2021-12-01 0 days 1,476 sqft
    2022-01-01 0 days 1,472 sqft
    2022-02-01 0 days 1,613 sqft
    2022-03-01 0 days 1,573 sqft
    2022-04-01 0 days 1,551 sqft
    2022-05-01 0 days 1,555 sqft
    2022-06-01 0 days 1,705 sqft
    2022-07-01 0 days 1,783 sqft
    2022-08-01 0 days 1,622 sqft
    2022-09-01 0 days 1,612 sqft
    2022-10-01 0 days 1,755 sqft
    2022-11-01 0 days 1,740 sqft
    2022-12-01 0 days 1,716 sqft
    2023-01-01 0 days 1,661 sqft
    2023-02-01 0 days 1,566 sqft
    2023-03-01 0 days 1,979 sqft
    2023-04-01 0 days 1,876 sqft
    2023-05-01 0 days 1,659 sqft
    2023-06-01 0 days 1,692 sqft
    2023-07-01 0 days 1,847 sqft
    2023-08-01 0 days 1,614 sqft
    2023-09-01 0 days 1,746 sqft
    2023-10-01 0 days 1,807 sqft
    2023-11-01 0 days 1,631 sqft
    2023-12-01 0 days 1,632 sqft
    2024-01-01 0 days 1,506 sqft
    2024-02-01 0 days 1,492 sqft
    2024-03-01 0 days 1,444 sqft
    Chillicothe's median listing age (time on market) for 2024-03-01 was 0 days.

    Chillicothe's median square footage for active listings during the 2024-03-01 period was 1,444 sqft. One year prior, the average listing was 1,979 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.