Cincinnati VA Loan Rates, Closing Costs & Stats

CINCINNATI, OH-KY-IN

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.

Cincinnati's 148 lenders originated 2,861 VA loans during 2024. The total origination value was $896,165,000, with an average VA loan value of $313,235.

Cincinnati VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Cincinnati averaged 0.29% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

Cincinnati's average VA mortgage closing costs are $6,018.

The average rate for the prior week (2025-06-13) was 7.04% and one month ago for the week of 2025-05-16, the average rate was 6.7%.

The average rate one year ago was 6.9%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.18%.

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

Cincinnati 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 Cincinnati level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 452 6.31% $6,260
UNITED WHOLESALE MORTGAGE, LLC 280 6.01% $7,122
QUICKEN LOANS, LLC 172 5.98% $10,092
FREEDOM MORTGAGE CORPORATION 159 6.21% $7,717
NAVY FEDERAL CREDIT UNION 95 5.91% $4,594
CROSSCOUNTRY MORTGAGE, LLC 81 6.38% $6,568
PENNYMAC LOAN SERVICES, LLC 80 5.72% $7,262
NEW DAY FINANCIAL, LLC 80 7.53% $12,985
VICTORY MORTGAGE, L.L.C. 71 5.84% $6,780
USAA Federal Savings Bank 63 6.24% $8,337
NVR Mortgage Finance, Inc. 46 6.09% $7,863
NEWREZ LLC 44 6.10% $6,818
UNION HOME MORTGAGE CORP. 40 6.50% $8,886
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 38 6.73% $7,114
FIRST COMMUNITY MORTGAGE, INC. 38 6.70% $7,467
VILLAGE CAPITAL MORTGAGE 37 5.70% $5,499
DAS Acquisition Company, LLC 35 6.51% $9,430
LOANDEPOT.COM, LLC 33 5.81% $9,205
STOCKTON MORTGAGE CORPORATION 32 6.43% $10,396
FIRST EQUITY MORTGAGE INCORPORATED 29 5.98% $10,768
The Federal Savings Bank 27 6.41% $16,521
GUARANTEED RATE, INC. 26 6.27% $4,865
Fifth Third Bank 24 6.38% $6,206
The Huntington National Bank 23 6.55% $7,031
Mr. Cooper ( Nationstar Mortgage ) 22 6.58% $9,822
Barrington Bank & Trust Company, N.A. 21 6.32% $5,025
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 20 6.58% $6,719
CLEARPATH LENDING 19 5.75% $9,113
DHI MORTGAGE COMPANY, LTD. 19 5.26% $11,155
GUARANTEED RATE AFFINITY, LLC 19 6.47% $8,609
Union Savings Bank 19 6.21% $4,667
PRIMELENDING, A PLAINSCAPITAL COMPANY 19 6.29% $9,342
MORTGAGE SOLUTIONS OF COLORADO, LLC 19 7.20% $4,627
NATIONS RELIABLE LENDING, LLC 19 6.63% $7,081
PLANET HOME LENDING, LLC 16 5.60% $4,079
RUOFF MORTGAGE COMPANY, INC. 16 6.61% $7,064
LAKEVIEW LOAN SERVICING, LLC 16 5.81% $6,480
Paramount Residential Mortgage Group, Inc. 16 6.26% $10,663
AMERICAN PACIFIC MORTGAGE CORPORATION 15 6.38% $8,487
LCNB National Bank 15 6.42% $6,715
U.S. Bank 14 6.54% $7,100
Carrington Mortgage Services, LLC 14 6.20% $11,341
HOMESIDE FINANCIAL, LLC 13 6.54% $12,448
BAYSHORE MORTGAGE FUNDING, LLC 13 6.56% $9,067
Prosperity Home Mortgage, LLC 13 6.15% $7,430
BROKER SOLUTIONS, INC. 12 6.78% $11,804
RiverHills Bank 11 6.72% $7,239
SUCCESS MORTGAGE PARTNERS, INC. 11 6.20% $8,329
RAPID MORTGAGE COMPANY 11 6.70% $9,109
MUTUAL OF OMAHA MORTGAGE, INC. 11 6.18% $18,033
CMG MORTGAGE, INC. 10 6.38% $10,826
M/I FINANCIAL, LLC 10 5.49% $12,139
Equity Prime Mortgage LLC 9 6.57% $7,471
Guardian Savings Bank, A Federal Savings Bank 9 6.15% $6,644
JPMorgan Chase Bank 9 6.60% $5,235
LOANPAL, LLC 9 5.96% $11,958
SIBCY CLINE MORTGAGE SERVICES, INC. 8 6.34% $10,733
AMERISAVE MORTGAGE CORPORATION 8 6.44% $20,779
First Financial Bank 7 6.93% $4,951
S1L, Inc. 7 6.21% $12,249
Magnolia Bank 7 6.04% $21,865
Plains Commerce Bank 6 6.54% $5,472
Flagstar Bank, FSB 6 6.00% $10,596
PENTAGON FEDERAL CREDIT UNION 6 5.98% $10,224
NBKC BANK 6 6.04% $6,593
SUN WEST MORTGAGE COMPANY, INC. 5 5.92% $7,239
ALLIED MORTGAGE GROUP, INC. 5 5.65% $6,088
POLARIS HOME FUNDING CORP. 5 6.60% $12,134
RELIANCE FIRST CAPITAL, LLC 5 6.30% $10,242
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.18% $5,522
MICHIGAN MUTUAL, INC. 5 6.40% $5,988
AMERICAN FINANCIAL NETWORK, INC. 5 6.25% $14,824
TJC Mortgage, Inc. 5 5.60% $6,662
T2 FINANCIAL LLC 5 6.55% $7,536
WRIGHT-PATT CREDIT UNION, INC. 4 6.34% $7,108
American Mortgage & Equity Consultants, Inc. 4 6.38% $5,561
Bank of England 4 6.44% $8,484
DIRECT MORTGAGE LOANS, LLC 4 7.06% $13,740
First Federal Bank 4 5.50% $6,657
Heartland Bank 4 5.84% $5,782
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.44% $1,200
NFM, INC. 4 6.53% $7,524
The Loan Store, Inc. 4 6.69% $10,341
VAN DYK MORTGAGE CORPORATION 4 6.71% $9,356
Warsaw Federal Savings and Loan Association 4 6.53% $9,661
PHH Mortgage Corporation 3 5.87% $8,643
PLAZA HOME MORTGAGE, INC. 3 6.63% $15,517
MOVEMENT MORTGAGE, LLC 3 6.67% $6,064
AMERICAN FINANCIAL RESOURCES, INC. 3 6.88% $6,399
AmeriHome Mortgage Company, LLC 3 6.13% $3,130
1st National Bank 3 6.38% $10,597
EMM LOANS LLC 3 6.38% $9,466
CHURCHILL MORTGAGE CORPORATION 3 5.88% $11,813
Gateway First Bank 3 6.58% $6,626
PREMIA MORTGAGE, LLC 3 5.91% $5,314
NATIONS DIRECT MORTGAGE, LLC 3 5.83% $6,470
UNITED MORTGAGE CORP 2 7.00% $9,295
BETTER MORTGAGE CORPORATION 2 5.50% $9,668
VERITAS FUNDING, LLC 2 6.12% $20,716
MLD MORTGAGE INC. 2 6.44% $2,731
NETWORK CAPITAL FUNDING CORPORATION 2 6.00% $11,289
Nations Lending Corporation 2 6.44% $9,677
Truist 2 6.15% $5,896
KeyBank 2 6.25% $3,503
HomePromise Corporation 2 7.63% $3,127
GUILD MORTGAGE COMPANY 2 4.13% $10,596
MILEND, INC. 2 6.81% $18,487
Northpointe Bank 2 6.63% $13,735
MID AMERICA MORTGAGE, INC. 2 5.63% $4,672
MEMBER FIRST MORTGAGE, LLC 2 7.38% $8,717
PNC Bank 2 6.38% $4,242
Lakeview Community Capital, LLC 2 5.50% $3,672
NORWICH COMMERCIAL GROUP, INC. 2 6.25% $9,689
The Park National Bank 1 6.00% $5,314
Central Bank 1 6.25% $6,458
Towne Bank 1 6.75% $18,022
CARDINAL FINANCIAL 1 6.13% $4,866
Capital Bank 1 4.63% $8,247
UNIVERSAL 1 CREDIT UNION 1 5.75% $22,717
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.99% $8,016
Armed Forces Bank 1 5.75% $3,324
OCEANSIDE MORTGAGE COMPANY 1 5.63% $6,688
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.75% $4,719
MORTGAGEONE, INC. 1 7.75% $5,125
Peoples Exchange Bank 1 6.50% $6,021
LAND HOME FINANCIAL SERVICES, INC. 1 6.63% $9,586
Presidential Bank, FSB 1 6.63% $11,035
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $3,885
Regions Bank 1 6.13% $11,743
Granite Community Bank 1 5.75% $4,776
Residential Mortgage Solutions, Inc. 1 4.88% $6,154
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.75% $14,641
ROSS MORTGAGE CORPORATION 1 5.25% $6,756
ROYAL UNITED MORTGAGE LLC 1 6.75% $20,987
Flanagan State Bank 1 6.13% $0
FIRST COLONY MORTGAGE CORPORATION 1 6.50% $4,260
SECURITYNATIONAL MORTGAGE COMPANY 1 5.38% $19,893
Servion, Inc. 1 7.38% $4,549
Farmers Bank & Trust 1 6.50% $9,796
EVANSVILLE TEACHERS 1 6.75% $23,051
Strong Home Mortgage, LLC 1 6.00% $6,047
EQUITY RESOURCES, INC. 1 6.13% $3,021
Civista Bank 1 6.25% $21,251
Texana Bank 1 6.75% $5,508
The Dart Bank 1 6.50% $4,940
THE EQUITABLE MORTGAGE CORPORATION 1 6.63% $21,666
Citizens Bank 1 5.38% $2,636
Abound Federal Credit Union 1 5.88% $5,830

The top Cincinnati VA lender as defined by loan originations is Mortgage Research Center, LLC, with 452 VA loans originated. Their average total fees are $6,260, which is $862 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Cincinnati VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($4,079), NAVY FEDERAL CREDIT UNION ($4,594), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,627), Union Savings Bank ($4,667) and GUARANTEED RATE, INC. ($4,865).

The lowest rate Cincinnati VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.26%), M/I FINANCIAL, LLC (5.49%), PLANET HOME LENDING, LLC (5.60%), VILLAGE CAPITAL MORTGAGE (5.70%) and PENNYMAC LOAN SERVICES, LLC (5.72%).

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.