Columbus VA Loans

COLUMBUS, OH

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.