Columbus VA Loans

COLUMBUS, 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 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.

    Columbus's 194 lenders originated 5,942 VA loans during 2021. The total origination value was $1,522,970,000, with an average VA loan value of $256,306.

    Columbus VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Columbus averaged 5.3% 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 5.61% and one month ago for the week of 2022-04-15, the average rate was 5.37%.

    The average rate one year ago was 3.36%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.2%.

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

    Columbus 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 Columbus level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    QUICKEN LOANS, LLC 471 2.53% $5,669
    FREEDOM MORTGAGE CORPORATION 437 2.49% $3,106
    Mortgage Research Center, LLC 425 2.85% $6,206
    PENNYMAC LOAN SERVICES, LLC 197 2.45% $5,076
    UNION HOME MORTGAGE CORP. 196 2.69% $7,010
    CALIBER HOME LOANS, INC. 164 2.60% $5,254
    NEW DAY FINANCIAL, LLC 150 2.84% $8,044
    USAA Federal Savings Bank 131 2.86% $3,951
    VILLAGE CAPITAL & INVESTMENT LLC 131 2.40% $3,589
    NAVY FEDERAL CREDIT UNION 125 2.49% $4,940
    UNITED WHOLESALE MORTGAGE, LLC 108 2.59% $6,670
    LAKEVIEW LOAN SERVICING, LLC 105 2.55% $3,183
    LOANDEPOT.COM, LLC 103 2.60% $5,697
    The Huntington National Bank 92 3.06% $4,370
    EQUITY RESOURCES, INC. 84 2.52% $5,033
    The Federal Savings Bank 83 2.70% $8,793
    HOME POINT FINANCIAL CORPORATION 82 2.45% $5,316
    CLEARPATH LENDING 82 2.26% $5,069
    T2 FINANCIAL LLC 72 3.06% $7,863
    Mr. Cooper ( Nationstar Mortgage ) 70 2.94% $4,565
    NFM, INC. 70 3.08% $9,345
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 69 3.10% $7,067
    GUARANTEED RATE, INC. 69 2.63% $6,767
    CROSSCOUNTRY MORTGAGE, LLC 67 2.84% $6,937
    DHI MORTGAGE COMPANY, LTD. 51 2.67% $8,377
    LENDUS, LLC 49 2.98% $8,380
    VICTORY MORTGAGE, L.L.C. 44 2.54% $6,954
    Carrington Mortgage Services, LLC 44 3.07% $6,271
    NEWREZ LLC 40 2.72% $3,476
    HOMESIDE FINANCIAL, LLC 37 2.89% $6,580
    PENTAGON FEDERAL CREDIT UNION 35 2.42% $3,373
    Union Savings Bank 35 2.41% $3,536
    RUOFF MORTGAGE COMPANY, INC. 35 3.10% $7,708
    Wells Fargo Bank 35 2.62% $3,511
    NVR Mortgage Finance, Inc. 32 2.76% $3,707
    Fifth Third Bank 32 2.82% $4,616
    Barrington Bank & Trust Company, N.A. 32 2.77% $5,208
    THE EQUITABLE MORTGAGE CORPORATION 31 2.46% $7,102
    M/I FINANCIAL, LLC 31 2.64% $9,514
    PRIORITY MORTGAGE CORP. 31 2.76% $6,036
    AMERICAN MORTGAGE SERVICE COMPANY 30 2.61% $6,004
    WRIGHT-PATT CREDIT UNION, INC. 30 2.85% $6,871
    Low VA Rates, LLC 29 2.38% $3,396
    PULTE MORTGAGE LLC 29 2.76% $5,635
    AMERISAVE MORTGAGE CORPORATION 29 2.66% $5,690
    AMERICAN FINANCIAL NETWORK, INC. 29 2.62% $9,938
    RAPID MORTGAGE COMPANY 27 3.09% $7,849
    First Guaranty Mortgage Corporation 27 2.44% $3,504
    Citizens Bank 26 2.59% $7,594
    MOVEMENT MORTGAGE, LLC 25 3.07% $5,347
    Flagstar Bank, FSB 24 2.80% $7,482
    BROKER SOLUTIONS, INC. 24 2.57% $5,894
    J. VIRGIL, INC. 23 3.07% $9,290
    GUARANTEED RATE AFFINITY, LLC 23 2.58% $6,181
    Hometown Lenders, Inc. 21 3.70% $7,405
    PNC Bank 20 2.89% $3,710
    PLANET HOME LENDING, LLC 20 2.65% $2,710
    MUTUAL OF OMAHA MORTGAGE, INC. 19 2.75% $4,238
    GUILD MORTGAGE COMPANY 18 3.06% $9,013
    The Union Bank Company 17 2.77% $8,273
    Magnolia Bank 17 2.59% $8,193
    First Federal Bank 16 3.38% $10,134
    Lakeview Community Capital, LLC 16 2.55% $2,076
    PARTNERS UNITED FINANCIAL, LLC 15 2.73% $9,526
    The State Bank and Trust Company 14 2.72% $8,697
    Paramount Residential Mortgage Group, Inc. 14 2.87% $6,078
    East Coast Capital Corp. 13 2.99% $7,940
    InterContinental Capital Group, Inc 13 2.49% $2,886
    NP, Inc. 12 2.39% $6,397
    LAND HOME FINANCIAL SERVICES, INC. 12 2.95% $5,209
    SUN WEST MORTGAGE COMPANY, INC. 12 2.46% $3,584
    HOMEBRIDGE FINANCIAL SERVICES, INC. 12 2.75% $6,063
    PRIMARY RESIDENTIAL MORTGAGE, INC. 11 3.12% $6,368
    BNC National Bank 10 2.34% $4,952
    DAS Acquisition Company, LLC 10 3.20% $9,755
    U.S. Bank 10 2.83% $7,086
    HALLMARK HOME MORTGAGE, LLC 9 2.93% $6,001
    AMERICAN FINANCING CORPORATION 9 2.58% $5,460
    North American Savings Bank, F.S.B. 9 2.49% $4,922
    NBKC BANK 9 2.67% $3,376
    TJC Mortgage, Inc. 9 2.25% $5,102
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 8 3.11% $8,767
    RELIANCE FIRST CAPITAL, LLC 8 2.80% $7,088
    NATIONS DIRECT MORTGAGE, LLC 8 2.89% $6,923
    JPMorgan Chase Bank 8 3.01% $7,719
    BAYSHORE MORTGAGE FUNDING, LLC 8 3.09% $5,495
    Nations Lending Corporation 8 2.77% $6,754
    FBC MORTGAGE, LLC 8 2.95% $6,748
    NTFN, INC. 7 3.27% $10,566
    LIBERTY HOME MORTGAGE CORPORATION 7 3.00% $5,793
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 3.18% $10,843
    MID AMERICA MORTGAGE, INC. 6 2.63% $2,034
    POLARIS HOME FUNDING CORP. 6 3.02% $8,526
    First Financial Bank 6 2.60% $7,182
    FIRST COMMUNITY MORTGAGE, INC. 6 2.69% $4,553
    Civista Bank 6 2.79% $4,264
    ENVOY MORTGAGE, LTD 6 3.44% $5,960
    Goldwater Bank, N.A. 5 2.33% $5,583
    First Federal Savings and Loan Association of Lakewood 5 2.48% $8,393
    KS StateBank 5 2.35% $9,544
    THRIVE MORTGAGE, LLC 5 2.78% $6,419
    Gateway First Bank 5 2.78% $6,288
    DEVELOPER'S MORTGAGE COMPANY 5 2.45% $6,870
    Equity Prime Mortgage LLC 4 2.91% $5,207
    Capital Bank 4 2.56% $7,290
    CHURCHILL MORTGAGE CORPORATION 4 2.56% $7,584
    Colonial Savings, F.A. 4 3.47% $4,269
    Commonwealth Bank and Trust Company 4 2.81% $2,967
    EMBRACE HOME LOANS, INC. 4 2.50% $2,341
    EVERETT FINANCIAL, INC. 4 3.56% $7,312
    First Home Bank 4 2.41% $6,488
    Manufacturers and Traders Trust Company 4 2.78% $7,266
    MICHIGAN MUTUAL, INC. 4 2.69% $5,997
    Mid-Continent Funding, Inc. 4 2.75% $3,979
    Northpointe Bank 4 2.88% $4,420
    UNITED MORTGAGE CORP. 4 2.69% $7,638
    Wyndham Capital Mortgage, Inc. 4 2.47% $4,534
    KEMBA FINANCIAL 3 2.92% $7,221
    LOANPAL, LLC 3 2.50% $5,946
    PLAZA HOME MORTGAGE, INC. 3 2.58% $5,488
    Meridian Bank Corporation 3 2.25% $5,055
    BELEM SERVICING LLC 3 2.21% $6,182
    Bank of England 3 3.13% $13,498
    American Midwest Mortgage Corporation 3 2.92% $7,346
    Evolve Bank & Trust 3 3.00% $8,721
    First Commonwealth Bank 3 2.33% $4,075
    WesBanco Bank, Inc. 3 2.46% $7,899
    PHH Mortgage Corporation 3 2.63% $5,983
    Cf Bank 3 2.42% $3,573
    Renasant Bank 3 2.50% $6,965
    First Federal Bank of Kansas City 2 2.25% $2,545
    MIDLAND MORTGAGE CORPORATION 2 2.94% $7,822
    The Park National Bank 2 2.69% $9,635
    ROYAL UNITED MORTGAGE LLC 2 2.50% $6,646
    TOP FLITE FINANCIAL, INC. 2 2.88% $8,920
    LENOX FINANCIAL MORTGAGE CORPORATION 2 2.75% $7,671
    Truist Bank 2 2.65% $1,471
    SIRVA MORTGAGE, INC. 2 2.88% $1,963
    Prime Choice Funding Inc. 2 2.44% $8,741
    ZILLOW HOME LOANS, LLC 2 3.00% $3,266
    First Merchants Bank 2 2.56% $2,636
    1ST SIGNATURE LENDING, LLC 2 2.63% $13,826
    CMG MORTGAGE, INC. 2 3.25% $7,733
    KELLER MORTGAGE, LLC 2 2.88% $2,085
    Strong Home Mortgage, LLC 1 2.38% $13,534
    SUCCESS MORTGAGE PARTNERS, INC. 1 3.13% $9,789
    SUMMIT FUNDING, INC. 1 2.75% $4,864
    CME Federal Credit Union 1 2.50% $3,060
    TCF National Bank 1 2.50% $1,654
    Texana Bank 1 2.75% $15,781
    Century Mortgage Company DBA Century Lending Company 1 3.75% $8,083
    Centennial Bank 1 2.25% $8,401
    CANOPY MORTGAGE, LLC 1 3.25% $12,722
    Blue Ridge Bank 1 2.50% $13,760
    TOWNE MORTGAGE COMPANY 1 3.63% $8,517
    TrueCore Federal Credit Union 1 2.88% $0
    UNION CAPITAL MORTGAGE CORPORATION 1 2.50% $65
    AmRes Corporation 1 2.75% $9,882
    AmeriHome Mortgage Company, LLC 1 3.13% $1,951
    United Fidelity Funding Corp. 1 2.88% $5,829
    UNITED SECURITY FINANCIAL CORP 1 2.25% $1,760
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.50% $4,482
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 2.88% $4,529
    AHL FUNDING 1 2.63% $12,845
    ACADEMY MORTGAGE CORPORATION 1 2.25% $20,582
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.25% $5,600
    MLD MORTGAGE INC. 1 2.25% $2,507
    AMERIFIRST FINANCIAL CORPORATION 1 2.75% $11,802
    NATIONS RELIABLE LENDING, LLC 1 2.99% $3,969
    JAMES B. NUTTER & COMPANY 1 3.13% $1,708
    INLANTA MORTGAGE, INC. 1 2.75% $18,223
    HOPEWELL Federal Credit Union 1 3.00% $2,489
    NORTHERN MORTGAGE SERVICES, LLC 1 2.50% $17,182
    ABSOLUTE HOME MORTGAGE CORPORATION 1 2.25% $2,264
    Heartland Bank 1 2.50% $9,476
    HAMILTON HOME LOANS, INC. 1 3.25% $13,518
    Florida Capital Bank 1 2.38% $3,196
    OCMBC, INC. 1 3.25% $16,528
    Paramount Bank 1 2.75% $1,528
    First Savings Bank 1 2.25% $10,462
    First Federal Bank of the Midwest 1 2.25% $16,757
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.00% $13,389
    FirstBank 1 2.50% $373
    EVANSVILLE TEACHERS 1 2.63% $10,713
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 2.88% $16,427
    EMM LOANS LLC 1 3.13% $9,046
    CONTOUR MORTGAGE CORPORATION 1 2.25% $9,995
    Congressional Bank 1 2.75% $9,070
    RESIDENTIAL BANCORP. 1 2.25% $4,818
    Community First National Bank 1 2.75% $1,906
    S1L, Inc. 1 3.00% $4,283
    SECURITYNATIONAL MORTGAGE COMPANY 1 3.25% $8,978
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 2.88% $15,954
    STEARNS LENDING, LLC 1 2.25% $1,971

    The top Columbus VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 471 VA loans originated. Their average total fees are $5,669, which is $2,562 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Columbus VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($2,076), PLANET HOME LENDING, LLC ($2,710), InterContinental Capital Group, Inc ($2,886), FREEDOM MORTGAGE CORPORATION ($3,106) and LAKEVIEW LOAN SERVICING, LLC ($3,183).

    The lowest rate Columbus VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.26%), BNC National Bank (2.34%), Low VA Rates, LLC (2.38%), NP, Inc. (2.39%) and VILLAGE CAPITAL & INVESTMENT LLC (2.40%).

    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.