Columbus VA Loan Rates, Closing Costs & Stats
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 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.
Columbus's 137 lenders originated 1,790 VA loans during 2023. The total origination value was $572,040,000, with an average VA loan value of $319,575.
Columbus VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Columbus
averaged
6.78%
for the week of 2025-02-14, compared to the national average (all VA variants) of
6.428% for the same period.
Columbus's average VA mortgage closing costs are $6,314.
The average rate for the prior week (2025-02-07) was
6.71% and
one month ago for the week of 2025-01-10, the
average rate was 6.55%.
The average rate one year ago was 6.27%.
For refis of the same type during the week of 2025-02-14, the average rate
was 7.02%.
Columbus 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 Columbus level.
The top Columbus VA lender as defined by loan originations is Mortgage Research Center, LLC, with
233 VA loans originated. Their average total fees are
$7,786, which is $5,565
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Columbus VA lenders (with over 10 loans originated) are
PULTE MORTGAGE LLC ($5,789), NAVY FEDERAL CREDIT UNION ($5,911), JPMorgan Chase Bank ($6,439), PENTAGON FEDERAL CREDIT UNION ($6,664) and GUARANTEED RATE AFFINITY, LLC ($7,251).
The lowest rate Columbus VA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.29%), NVR Mortgage Finance, Inc. (5.42%), PULTE MORTGAGE LLC (5.70%), PENTAGON FEDERAL CREDIT UNION (5.71%) and PENNYMAC LOAN SERVICES, LLC (5.77%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Columbus (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $254,450 (29.2%) | $339,307 (14.0%) | 0.94 | 3,074 |
2018-02-01 | $276,493 (34.9%) | $361,516 (17.3%) | 1.00 | 2,798 |
2018-03-01 | $280,000 (20.6%) | $362,243 (10.1%) | 0.98 | 2,840 |
2018-04-01 | $292,450 (17.5%) | $368,479 (7.8%) | 0.99 | 3,042 |
2018-05-01 | $299,900 (14.7%) | $377,721 (7.7%) | 1.00 | 3,440 |
2018-06-01 | $299,900 (14.0%) | $376,379 (6.5%) | 1.00 | 3,843 |
2018-07-01 | $299,800 (15.4%) | $374,670 (7.9%) | 1.00 | 4,238 |
2018-08-01 | $284,850 (9.8%) | $359,155 (4.5%) | 0.95 | 4,626 |
2018-09-01 | $274,850 (9.9%) | $351,564 (6.1%) | 0.92 | 4,752 |
2018-10-01 | $266,450 (6.7%) | $345,121 (5.9%) | 0.90 | 4,805 |
2018-11-01 | $261,200 (5.4%) | $339,998 (3.9%) | 0.89 | 4,598 |
2018-12-01 | $254,900 (4.1%) | $335,849 (2.3%) | 0.88 | 3,978 |
2019-01-01 | $254,932 (0.2%) | $337,226 (-0.6%) | 0.88 | 3,381 |
2019-02-01 | $269,200 (-2.6%) | $350,415 (-3.1%) | 0.91 | 3,139 |
2019-03-01 | $285,671 (2.0%) | $369,958 (2.1%) | 0.93 | 3,138 |
2019-04-01 | $302,445 (3.4%) | $385,291 (4.6%) | 0.96 | 3,244 |
2019-05-01 | $309,900 (3.3%) | $391,555 (3.7%) | 0.97 | 3,498 |
2019-06-01 | $324,500 (8.2%) | $398,236 (5.8%) | 1.01 | 3,672 |
2019-07-01 | $320,950 (7.1%) | $390,678 (4.3%) | 1.00 | 4,082 |
2019-08-01 | $305,355 (7.2%) | $376,009 (4.7%) | 0.97 | 4,265 |
2019-09-01 | $291,036 (5.9%) | $362,466 (3.1%) | 0.93 | 4,382 |
2019-10-01 | $279,839 (5.0%) | $351,321 (1.8%) | 0.90 | 4,460 |
2019-11-01 | $275,000 (5.3%) | $344,898 (1.4%) | 0.90 | 4,154 |
2019-12-01 | $274,888 (7.8%) | $343,277 (2.2%) | 0.92 | 3,554 |
2020-01-01 | $277,953 (9.0%) | $345,495 (2.5%) | 0.93 | 3,058 |
2020-02-01 | $294,750 (9.5%) | $361,332 (3.1%) | 0.97 | 2,576 |
2020-03-01 | $299,999 (5.0%) | $377,072 (1.9%) | 0.94 | 2,658 |
2020-04-01 | $309,450 (2.3%) | $379,164 (-1.6%) | 0.97 | 2,719 |
2020-05-01 | $324,000 (4.6%) | $392,132 (0.2%) | 0.98 | 2,619 |
2020-06-01 | $332,400 (2.4%) | $406,661 (2.1%) | 0.98 | 2,470 |
2020-07-01 | $329,700 (2.7%) | $413,967 (6.0%) | 0.96 | 2,343 |
2020-08-01 | $314,950 (3.1%) | $397,399 (5.7%) | 0.90 | 2,309 |
2020-09-01 | $300,164 (3.1%) | $388,405 (7.2%) | 0.86 | 2,363 |
2020-10-01 | $304,505 (8.8%) | $385,943 (9.9%) | 0.87 | 2,366 |
2020-11-01 | $307,450 (11.8%) | $377,953 (9.6%) | 0.90 | 2,221 |
2020-12-01 | $307,450 (11.9%) | $375,055 (9.3%) | 0.91 | 1,853 |
2021-01-01 | $299,900 (7.9%) | $379,178 (9.8%) | 0.90 | 1,533 |
2021-02-01 | $304,959 (3.5%) | $394,506 (9.2%) | 0.90 | 1,230 |
2021-03-01 | $316,825 (5.6%) | $402,053 (6.6%) | 0.90 | 1,280 |
2021-04-01 | $310,782 (0.4%) | $401,018 (5.8%) | 0.84 | 1,443 |
2021-05-01 | $314,617 (-2.9%) | $397,943 (1.5%) | 0.84 | 1,608 |
2021-06-01 | $300,000 (-9.8%) | $393,956 (-3.1%) | 0.79 | 1,858 |
2021-07-01 | $309,000 (-6.3%) | $384,445 (-7.1%) | 0.82 | 2,228 |
2021-08-01 | $299,900 (-4.8%) | $377,369 (-5.0%) | 0.80 | 2,408 |
2021-09-01 | $289,850 (-3.4%) | $371,116 (-4.5%) | 0.77 | 2,368 |
2021-10-01 | $292,500 (-3.9%) | $376,094 (-2.6%) | 0.78 | 2,296 |
2021-11-01 | $289,815 (-5.7%) | $375,282 (-0.7%) | 0.77 | 1,993 |
2021-12-01 | $289,900 (-5.7%) | $385,940 (2.9%) | 0.79 | 1,602 |
2022-01-01 | $299,900 (0.0%) | $396,806 (4.7%) | 0.81 | 1,344 |
2022-02-01 | $325,000 (6.6%) | $413,542 (4.8%) | 0.85 | 1,169 |
2022-03-01 | $334,900 (5.7%) | $414,162 (3.0%) | 0.84 | 1,264 |
2022-04-01 | $329,900 (6.2%) | $417,289 (4.1%) | 0.79 | 1,432 |
2022-05-01 | $349,000 (10.9%) | $440,427 (10.7%) | 0.80 | 1,723 |
2022-06-01 | $349,950 (16.7%) | $447,229 (13.5%) | 0.78 | 2,059 |
2022-07-01 | $347,000 (12.3%) | $436,170 (13.5%) | 0.78 | 2,564 |
2022-08-01 | $336,995 (12.4%) | $428,126 (13.5%) | 0.78 | 2,665 |
2022-09-01 | $339,350 (17.1%) | $429,764 (15.8%) | 0.79 | 2,612 |
2022-10-01 | $339,900 (16.2%) | $427,314 (13.6%) | 0.80 | 2,796 |
2022-11-01 | $334,900 (15.6%) | $428,235 (14.1%) | 0.81 | 2,735 |
2022-12-01 | $330,000 (13.8%) | $436,779 (13.2%) | 0.81 | 2,248 |
2023-01-01 | $347,900 (16.0%) | $453,343 (14.3%) | 0.86 | 1,900 |
2023-02-01 | $359,950 (10.8%) | $483,825 (17.0%) | 0.87 | 1,623 |
2023-03-01 | $376,874 (12.5%) | $501,389 (21.1%) | 0.89 | 1,604 |
2023-04-01 | $386,450 (17.1%) | $506,249 (21.3%) | 0.90 | 1,722 |
2023-05-01 | $394,200 (13.0%) | $504,806 (14.6%) | 0.89 | 1,852 |
2023-06-01 | $399,450 (14.1%) | $520,051 (16.3%) | 0.90 | 2,033 |
2023-07-01 | $399,000 (15.0%) | $526,509 (20.7%) | 0.91 | 2,264 |
2023-08-01 | $386,250 (14.6%) | $516,271 (20.6%) | 0.89 | 2,407 |
2023-09-01 | $379,900 (12.0%) | $506,644 (17.9%) | 0.88 | 2,511 |
2023-10-01 | $366,375 (7.8%) | $496,553 (16.2%) | 0.86 | 2,707 |
2023-11-01 | $360,000 (7.5%) | $486,556 (13.6%) | 0.86 | 2,792 |
2023-12-01 | $359,900 (9.1%) | $476,653 (9.1%) | 0.88 | 2,442 |
2024-01-01 | $369,950 (6.3%) | $489,963 (8.1%) | 0.90 | 2,133 |
2024-02-01 | $376,750 (4.7%) | $499,157 (3.2%) | 0.91 | 1,981 |
2024-03-01 | $379,900 (0.8%) | $505,980 (0.9%) | 0.89 | 1,927 |
2024-04-01 | $396,950 (2.7%) | $525,388 (3.8%) | 0.92 | 2,118 |
2024-05-01 | $399,900 (1.5%) | $556,650 (10.3%) | 0.91 | 2,371 |
2024-06-01 | $399,900 (0.1%) | $516,355 (-0.7%) | 0.90 | 2,687 |
2024-07-01 | $355,000 (-11.0%) | $476,548 (-9.5%) | 0.81 | 3,570 |
2024-08-01 | $384,900 (-0.4%) | $497,145 (-3.7%) | 0.90 | 3,256 |
2024-09-01 | $377,450 (-0.6%) | $480,280 (-5.2%) | 0.89 | 3,495 |
2024-10-01 | $368,900 (0.7%) | $466,219 (-6.1%) | 0.87 | 3,604 |
2024-11-01 | $359,900 (0.0%) | $457,201 (-6.0%) | 0.86 | 3,623 |
2024-12-01 | $349,450 (-2.9%) | $449,753 (-5.6%) | 0.87 | 3,048 |
2025-01-01 | $340,725 (-7.9%) | $443,066 (-9.6%) | 0.00 | 2,791 |
Columbus's median listing price comes in at 0% of the national average.
Columbus's average listing price for 2025-01-01 was $443,066, a difference of $-46,897 (-9.6%) versus the prior year and $-6,687 versus the prior month.
For the 2025-01-01 period, Columbus had 2,791 MLS listings, a difference of -257 listings (-8%) versus the prior month and 658 listings (31%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Columbus (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 76 days | 1,932 sqft |
2018-02-01 | 66 days | 2,045 sqft |
2018-03-01 | 37 days | 2,052 sqft |
2018-04-01 | 33 days | 2,090 sqft |
2018-05-01 | 31 days | 2,150 sqft |
2018-06-01 | 31 days | 2,150 sqft |
2018-07-01 | 37 days | 2,147 sqft |
2018-08-01 | 36 days | 2,065 sqft |
2018-09-01 | 43 days | 2,016 sqft |
2018-10-01 | 50 days | 1,977 sqft |
2018-11-01 | 51 days | 1,955 sqft |
2018-12-01 | 62 days | 1,904 sqft |
2019-01-01 | 72 days | 1,899 sqft |
2019-02-01 | 64 days | 1,945 sqft |
2019-03-01 | 44 days | 2,009 sqft |
2019-04-01 | 33 days | 2,068 sqft |
2019-05-01 | 32 days | 2,097 sqft |
2019-06-01 | 33 days | 2,133 sqft |
2019-07-01 | 37 days | 2,138 sqft |
2019-08-01 | 38 days | 2,083 sqft |
2019-09-01 | 41 days | 2,016 sqft |
2019-10-01 | 43 days | 1,962 sqft |
2019-11-01 | 50 days | 1,935 sqft |
2019-12-01 | 63 days | 1,907 sqft |
2020-01-01 | 68 days | 1,922 sqft |
2020-02-01 | 44 days | 1,960 sqft |
2020-03-01 | 37 days | 1,998 sqft |
2020-04-01 | 39 days | 1,998 sqft |
2020-05-01 | 46 days | 2,030 sqft |
2020-06-01 | 38 days | 2,053 sqft |
2020-07-01 | 32 days | 2,016 sqft |
2020-08-01 | 29 days | 1,967 sqft |
2020-09-01 | 26 days | 1,869 sqft |
2020-10-01 | 30 days | 1,856 sqft |
2020-11-01 | 36 days | 1,822 sqft |
2020-12-01 | 44 days | 1,789 sqft |
2021-01-01 | 44 days | 1,776 sqft |
2021-02-01 | 29 days | 1,773 sqft |
2021-03-01 | 20 days | 1,798 sqft |
2021-04-01 | 12 days | 1,796 sqft |
2021-05-01 | 10 days | 1,803 sqft |
2021-06-01 | 12 days | 1,767 sqft |
2021-07-01 | 16 days | 1,776 sqft |
2021-08-01 | 19 days | 1,726 sqft |
2021-09-01 | 24 days | 1,674 sqft |
2021-10-01 | 28 days | 1,670 sqft |
2021-11-01 | 32 days | 1,660 sqft |
2021-12-01 | 39 days | 1,628 sqft |
2022-01-01 | 38 days | 1,620 sqft |
2022-02-01 | 25 days | 1,696 sqft |
2022-03-01 | 15 days | 1,715 sqft |
2022-04-01 | 10 days | 1,727 sqft |
2022-05-01 | 12 days | 1,792 sqft |
2022-06-01 | 15 days | 1,809 sqft |
2022-07-01 | 21 days | 1,800 sqft |
2022-08-01 | 27 days | 1,785 sqft |
2022-09-01 | 31 days | 1,791 sqft |
2022-10-01 | 30 days | 1,799 sqft |
2022-11-01 | 37 days | 1,774 sqft |
2022-12-01 | 50 days | 1,756 sqft |
2023-01-01 | 55 days | 1,787 sqft |
2023-02-01 | 39 days | 1,816 sqft |
2023-03-01 | 30 days | 1,837 sqft |
2023-04-01 | 23 days | 1,886 sqft |
2023-05-01 | 22 days | 1,918 sqft |
2023-06-01 | 23 days | 1,932 sqft |
2023-07-01 | 25 days | 1,930 sqft |
2023-08-01 | 26 days | 1,879 sqft |
2023-09-01 | 30 days | 1,838 sqft |
2023-10-01 | 31 days | 1,823 sqft |
2023-11-01 | 38 days | 1,808 sqft |
2023-12-01 | 49 days | 1,788 sqft |
2024-01-01 | 55 days | 1,776 sqft |
2024-02-01 | 38 days | 1,789 sqft |
2024-03-01 | 29 days | 1,814 sqft |
2024-04-01 | 25 days | 1,867 sqft |
2024-05-01 | 24 days | 1,873 sqft |
2024-06-01 | 25 days | 1,882 sqft |
2024-07-01 | 35 days | 1,855 sqft |
2024-08-01 | 36 days | 1,825 sqft |
2024-09-01 | 37 days | 1,775 sqft |
2024-10-01 | 39 days | 1,746 sqft |
2024-11-01 | 46 days | 1,723 sqft |
2024-12-01 | 56 days | 1,672 sqft |
2025-01-01 | 0 days | 1,656 sqft |
Columbus's median square footage for active listings during the 2025-01-01 period was 1,656 sqft. One year prior, the average listing was 1,776 sqft.