Cincinnati VA Loans

CINCINNATI, OH-KY-IN

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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 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 204 lenders originated 6,270 VA loans during 2021. The total origination value was $1,515,400,000, with an average VA loan value of $241,691.

    Cincinnati VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Cincinnati averaged 5.51% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

    The average rate for the prior week (2022-05-13) was 5.32% and one month ago for the week of 2022-04-15, the average rate was 5.38%.

    The average rate one year ago was 3.07%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.44%.

    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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Cincinnati level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Mortgage Research Center, LLC 539 2.87% $5,442
    QUICKEN LOANS, LLC 515 2.52% $5,573
    FREEDOM MORTGAGE CORPORATION 449 2.51% $2,688
    PENNYMAC LOAN SERVICES, LLC 238 2.49% $4,829
    CALIBER HOME LOANS, INC. 216 2.71% $4,661
    NEW DAY FINANCIAL, LLC 176 2.79% $6,788
    USAA Federal Savings Bank 142 2.85% $4,014
    VILLAGE CAPITAL & INVESTMENT LLC 135 2.42% $3,221
    NAVY FEDERAL CREDIT UNION 119 2.50% $5,219
    UNITED WHOLESALE MORTGAGE, LLC 110 2.51% $5,967
    Union Savings Bank 109 2.48% $3,534
    PRIMELENDING, A PLAINSCAPITAL COMPANY 98 3.08% $6,473
    AMERICAN MORTGAGE SERVICE COMPANY 87 2.81% $5,548
    UNION HOME MORTGAGE CORP. 84 2.75% $4,815
    VICTORY MORTGAGE, L.L.C. 84 2.56% $6,532
    HOME POINT FINANCIAL CORPORATION 83 2.45% $5,093
    Mr. Cooper ( Nationstar Mortgage ) 80 2.88% $4,083
    LOANDEPOT.COM, LLC 79 2.62% $5,100
    CLEARPATH LENDING 79 2.33% $4,994
    LAKEVIEW LOAN SERVICING, LLC 78 2.61% $2,365
    GUARANTEED RATE, INC. 76 2.62% $4,549
    The Huntington National Bank 64 3.00% $5,673
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 57 3.27% $7,346
    Fifth Third Bank 50 2.84% $4,677
    Wells Fargo Bank 49 2.55% $4,031
    The Federal Savings Bank 48 2.54% $8,095
    NVR Mortgage Finance, Inc. 47 2.93% $7,419
    NATIONS RELIABLE LENDING, LLC 46 3.22% $6,354
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 42 2.99% $5,782
    First Guaranty Mortgage Corporation 41 2.56% $4,003
    CROSSCOUNTRY MORTGAGE, LLC 40 3.12% $7,639
    DAS Acquisition Company, LLC 39 3.39% $6,617
    Guardian Savings Bank, A Federal Savings Bank 37 2.45% $4,349
    Prosperity Home Mortgage, LLC 36 2.77% $5,871
    FIRST EQUITY MORTGAGE INCORPORATED 35 2.67% $9,215
    Carrington Mortgage Services, LLC 35 3.05% $3,057
    Barrington Bank & Trust Company, N.A. 34 2.77% $3,821
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 34 3.15% $6,513
    SIBCY CLINE MORTGAGE SERVICES, INC. 32 2.52% $6,966
    AMERICAN FINANCIAL NETWORK, INC. 31 2.73% $6,393
    AMERISAVE MORTGAGE CORPORATION 31 2.72% $7,585
    RUOFF MORTGAGE COMPANY, INC. 31 3.23% $5,562
    BAYSHORE MORTGAGE FUNDING, LLC 30 3.28% $6,813
    PENTAGON FEDERAL CREDIT UNION 29 2.38% $2,233
    Low VA Rates, LLC 29 2.30% $3,929
    GUARANTEED RATE AFFINITY, LLC 29 2.63% $5,778
    NEWREZ LLC 26 2.77% $3,653
    Paramount Residential Mortgage Group, Inc. 24 3.10% $8,653
    BROKER SOLUTIONS, INC. 23 2.52% $6,397
    Citizens Bank 22 2.59% $7,082
    MID AMERICA MORTGAGE, INC. 21 2.71% $3,420
    PLANET HOME LENDING, LLC 20 2.50% $2,147
    First Federal Bank 20 3.29% $7,464
    NBKC BANK 19 2.50% $5,579
    VAN DYK MORTGAGE CORPORATION 19 3.18% $6,083
    PNC Bank 18 2.88% $5,167
    InterContinental Capital Group, Inc 18 2.50% $4,073
    STOCKTON MORTGAGE CORPORATION 18 3.10% $7,276
    Bank of England 17 2.97% $7,200
    RAPID MORTGAGE COMPANY 17 2.95% $9,197
    U.S. Bank 17 2.79% $7,673
    THRIVE MORTGAGE, LLC 17 2.99% $7,746
    WRIGHT-PATT CREDIT UNION, INC. 16 2.78% $5,712
    T2 FINANCIAL LLC 16 3.10% $8,939
    NP, Inc. 16 2.32% $4,301
    MOVEMENT MORTGAGE, LLC 16 3.03% $4,504
    HOMEBRIDGE FINANCIAL SERVICES, INC. 15 2.46% $3,714
    MUTUAL OF OMAHA MORTGAGE, INC. 15 2.58% $5,854
    North American Savings Bank, F.S.B. 14 2.45% $4,688
    Magnolia Bank 14 2.50% $7,302
    SUMMIT FUNDING, INC. 14 2.84% $7,617
    Central Bank & Trust Company 13 2.31% $3,943
    AMERIFIRST FINANCIAL CORPORATION 13 2.95% $5,128
    EQUITY RESOURCES, INC. 13 2.59% $3,342
    Heartland Bank 12 2.71% $4,835
    CHURCHILL MORTGAGE CORPORATION 11 2.52% $5,905
    RiverHills Bank 11 2.90% $4,857
    Nations Lending Corporation 11 3.18% $8,392
    EVERETT FINANCIAL, INC. 11 3.26% $6,379
    GUARANTY HOME MORTGAGE CORPORATION 10 2.60% $4,582
    Lakeview Community Capital, LLC 10 2.49% $2,190
    First Financial Bank 10 2.88% $7,759
    AMERICAN FINANCING CORPORATION 10 2.63% $3,752
    TJC Mortgage, Inc. 10 2.26% $3,937
    Flagstar Bank, FSB 9 2.72% $5,996
    GUILD MORTGAGE COMPANY 9 2.85% $7,214
    RELIANCE FIRST CAPITAL, LLC 9 2.85% $8,061
    DHI MORTGAGE COMPANY, LTD. 9 2.78% $4,558
    M/I FINANCIAL, LLC 9 2.58% $10,865
    AMERICAN PACIFIC MORTGAGE CORPORATION 8 3.20% $7,330
    ENVOY MORTGAGE, LTD 8 3.14% $6,305
    AMCAP MORTGAGE, LTD. 8 3.34% $6,095
    Cincinnati Federal 8 2.81% $6,079
    SUCCESS MORTGAGE PARTNERS, INC. 8 3.50% $9,719
    FINANCE OF AMERICA MORTGAGE LLC 8 3.03% $9,266
    BNC National Bank 7 2.38% $1,880
    UNITED MORTGAGE CORP. 7 2.55% $2,736
    POLARIS HOME FUNDING CORP. 7 3.11% $6,036
    1st National Bank 6 2.81% $5,624
    HOMESIDE FINANCIAL, LLC 6 2.87% $10,867
    Paramount Bank 6 2.63% $9,859
    SOVEREIGN LENDING GROUP INCORPORATED 6 2.54% $3,874
    TCF National Bank 6 2.48% $4,365
    The Union Bank Company 6 2.54% $6,145
    Wyndham Capital Mortgage, Inc. 6 2.42% $1,996
    FIRST COMMUNITY MORTGAGE, INC. 5 2.93% $6,807
    Ixonia Bank 5 3.15% $7,347
    SUN WEST MORTGAGE COMPANY, INC. 5 2.57% $3,121
    CELEBRITY HOME LOANS, LLC 5 2.88% $12,485
    NFM, INC. 5 3.28% $9,565
    CMG MORTGAGE, INC. 5 3.18% $10,341
    Strong Home Mortgage, LLC 4 2.31% $4,820
    Manufacturers and Traders Trust Company 4 2.97% $4,697
    ARC HOME LLC 4 2.81% $6,620
    1ST SIGNATURE LENDING, LLC 4 3.31% $7,348
    CANOPY MORTGAGE, LLC 3 2.38% $5,238
    Truist Bank 3 3.03% $1,188
    AmeriHome Mortgage Company, LLC 3 2.95% $2,003
    THE EQUITABLE MORTGAGE CORPORATION 3 2.67% $5,200
    Northpointe Bank 3 2.75% $8,349
    KS StateBank 3 2.29% $4,966
    Republic Bank & Trust Company 3 2.79% $7,618
    First Home Bank 3 2.33% $2,220
    EMBRACE HOME LOANS, INC. 3 2.50% $3,898
    Prime Choice Funding Inc. 3 2.50% $7,431
    MYCUMORTGAGE, LLC 3 2.67% $4,788
    First Commonwealth Bank 3 2.54% $2,997
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.25% $5,388
    LENDUS, LLC 3 3.17% $10,410
    Servion, Inc. 3 3.13% $7,444
    Hometown Lenders, Inc. 2 3.13% $11,598
    KELLER MORTGAGE, LLC 2 2.56% $6,228
    Mid-Continent Funding, Inc. 2 2.63% $3,676
    JPMorgan Chase Bank 2 3.06% $4,656
    INTERCAP LENDING INC. 2 2.50% $2,232
    NATIONS DIRECT MORTGAGE, LLC 2 2.50% $7,285
    Gateway First Bank 2 3.13% $3,248
    Forcht Bank 2 2.69% $2,458
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 3.38% $10,752
    First Federal Bank of Kansas City 2 2.63% $7,425
    PHH Mortgage Corporation 2 2.50% $3,433
    Regions Bank 2 2.69% $10,490
    DRAPER AND KRAMER MORTGAGE CORP. 2 2.38% $1,388
    SOUTHWEST STAGE FUNDING, LLC 2 2.75% $3,349
    WesBanco Bank, Inc. 2 2.56% $19,692
    Commonwealth Bank and Trust Company 2 2.75% $4,208
    Texana Bank 2 2.75% $4,448
    The Central Trust Bank 2 2.31% $1,356
    ZILLOW HOME LOANS, LLC 2 2.88% $6,927
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 2.94% $3,624
    A Mortgage Boutique, LLC 2 2.81% $4,896
    LAND HOME FINANCIAL SERVICES, INC. 2 3.06% $2,802
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.38% $8,923
    Renasant Bank 1 2.25% $4,170
    ABSOLUTE HOME MORTGAGE CORPORATION 1 2.38% $7,595
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 2.75% $4,098
    ROYAL UNITED MORTGAGE LLC 1 2.63% $10,996
    DEVELOPER'S MORTGAGE COMPANY 1 2.88% $17,305
    OPTION FINANCIAL, LLC 1 3.13% $2,514
    CONTOUR MORTGAGE CORPORATION 1 3.63% $12,122
    SOUTH CENTRAL BANK, INC. 1 2.25% $1,544
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 2.25% $5,849
    VERITAS FUNDING, LLC 1 3.75% $2,875
    AMERICAN ADVISORS GROUP 1 2.75% $5,334
    Stifel Bank and Trust 1 2.75% $2,525
    COMMUNITY MORTGAGE CORPORATION 1 2.88% $1,165
    Stock Yards Bank & Trust Company 1 2.50% $14,137
    OCMBC, INC. 1 3.00% $3,313
    Community First National Bank 1 2.25% $2,088
    Allied First Bank,sb 1 2.75% $3,519
    First Option Mortgage, LLC 1 2.88% $7,065
    Colten Mortgage, LLC 1 2.50% $12,830
    FLAT BRANCH MORTGAGE, INC. 1 3.50% $10,284
    Warsaw Federal Savings and Loan Association 1 2.88% $4,645
    LENOX FINANCIAL MORTGAGE CORPORATION 1 2.13% $2,812
    Florida Capital Bank 1 2.63% $5,722
    GENEVA FINANCIAL, LLC 1 2.75% $4,593
    The Home Loan Expert LLC 1 2.50% $11,922
    CityWorth Mortgage LLC 1 3.75% $6,309
    The Park National Bank 1 2.50% $12,877
    LIBERTY HOME MORTGAGE CORPORATION 1 2.25% $1,804
    Three Rivers Federal Credit Union 1 3.00% $11,045
    CHERRY CREEK MORTGAGE, LLC 1 2.25% $2,448
    NBH Bank 1 2.25% $1,242
    TOWNE MORTGAGE COMPANY 1 2.75% $4,544
    GSF Mortgage Corporation 1 3.75% $5,306
    Capital Bank 1 2.38% $2,124
    Hometown Equity Mortgage, LLC 1 2.63% $6,027
    United Fidelity Funding Corp. 1 3.75% $3,843
    BELEM SERVICING LLC 1 2.75% $7,244
    UNITED SECURITY FINANCIAL CORP 1 2.25% $4,262
    JAMES B. NUTTER & COMPANY 1 2.63% $1,062
    IMPAC MORTGAGE CORP. 1 2.38% $1,380
    FirstBank 1 2.25% $2,236
    FBC MORTGAGE, LLC 1 2.38% $7,394
    PREMIA MORTGAGE, LLC 1 2.88% $1,786
    Presidential Bank, FSB 1 2.25% $4,128
    PLAZA HOME MORTGAGE, INC. 1 2.50% $2,026
    Peoples Exchange Bank 1 2.50% $5,969
    EVANSVILLE TEACHERS 1 2.50% $3,120
    Equity Prime Mortgage LLC 1 3.38% $8,821
    EMM LOANS LLC 1 2.63% $20,343
    Peoples Bank 1 2.63% $5,154
    LOANPAL, LLC 1 2.75% $10,543

    The top Cincinnati VA lender as defined by loan originations is Mortgage Research Center, LLC, with 539 VA loans originated. Their average total fees are $5,442, which is $131 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Cincinnati VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($2,147), Lakeview Community Capital, LLC ($2,190), PENTAGON FEDERAL CREDIT UNION ($2,233), LAKEVIEW LOAN SERVICING, LLC ($2,365) and FREEDOM MORTGAGE CORPORATION ($2,688).

    The lowest rate Cincinnati VA lenders (with over 10 loans originated) are TJC Mortgage, Inc. (2.26%), Low VA Rates, LLC (2.30%), Central Bank & Trust Company (2.31%), NP, Inc. (2.32%) and CLEARPATH LENDING (2.33%).

    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.