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.