Cincinnati VA Loans

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 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.