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 152 lenders originated 2,598 VA loans during 2024. The total origination value was $892,050,000, with an average VA loan value of $343,360.

Columbus VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Columbus averaged 0.21% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

Columbus's average VA mortgage closing costs are $6,582.

The average rate for the prior week (2025-06-13) was 7.05% and one month ago for the week of 2025-05-16, the average rate was 6.81%.

The average rate one year ago was 7.01%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.26%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Columbus level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 340 6.36% $7,364
UNITED WHOLESALE MORTGAGE, LLC 218 5.86% $8,401
QUICKEN LOANS, LLC 152 6.02% $11,063
FREEDOM MORTGAGE CORPORATION 146 6.18% $8,665
NFM, INC. 114 6.56% $11,901
DHI MORTGAGE COMPANY, LTD. 87 4.60% $8,070
PENNYMAC LOAN SERVICES, LLC 85 5.67% $8,243
NAVY FEDERAL CREDIT UNION 67 5.85% $5,661
UNION HOME MORTGAGE CORP. 67 6.52% $10,753
CROSSCOUNTRY MORTGAGE, LLC 65 6.46% $8,694
VILLAGE CAPITAL MORTGAGE 57 5.78% $7,572
NEWREZ LLC 57 6.33% $8,872
GUARANTEED RATE, INC. 51 6.03% $7,486
NEW DAY FINANCIAL, LLC 49 7.52% $13,535
M/I FINANCIAL, LLC 45 5.84% $10,568
USAA Federal Savings Bank 42 6.17% $9,624
RUOFF MORTGAGE COMPANY, INC. 37 6.63% $6,737
HOMESIDE FINANCIAL, LLC 29 6.34% $10,814
The Federal Savings Bank 24 6.20% $15,513
EQUITY RESOURCES, INC. 23 6.28% $7,674
VICTORY MORTGAGE, L.L.C. 23 5.47% $7,230
The Huntington National Bank 22 6.18% $8,487
GUARANTEED RATE AFFINITY, LLC 22 6.35% $6,318
NVR Mortgage Finance, Inc. 22 5.82% $8,804
LAKEVIEW LOAN SERVICING, LLC 21 5.80% $6,279
LOANDEPOT.COM, LLC 21 6.38% $13,315
JPMorgan Chase Bank 19 6.05% $9,165
PLANET HOME LENDING, LLC 19 5.96% $4,267
THE EQUITABLE MORTGAGE CORPORATION 18 6.21% $8,390
PULTE MORTGAGE LLC 17 5.86% $5,106
RAPID MORTGAGE COMPANY 17 6.46% $12,320
Nations Lending Corporation 16 6.75% $8,129
GSF Mortgage Corporation 15 6.69% $11,574
Mr. Cooper ( Nationstar Mortgage ) 15 6.32% $10,206
Flagstar Bank, FSB 15 6.83% $5,427
T2 FINANCIAL LLC 15 6.48% $9,278
MUTUAL OF OMAHA MORTGAGE, INC. 14 6.55% $11,245
VANDERBILT MORTGAGE AND FINANCE, INC. 13 5.80% $7,762
NBKC BANK 13 5.69% $11,046
Union Savings Bank 12 6.05% $5,128
Carrington Mortgage Services, LLC 12 6.33% $13,511
HOWARD HANNA FINANCIAL SERVICES, INC. 11 6.22% $10,089
CLEARPATH LENDING 11 5.72% $4,792
LOANPAL, LLC 10 5.76% $13,224
The Union Bank Company 9 6.18% $9,864
U.S. Bank 9 6.48% $10,668
Paramount Residential Mortgage Group, Inc. 9 6.35% $11,389
UNION CAPITAL MORTGAGE CORPORATION 9 5.89% $6,996
Magnolia Bank 8 5.91% $15,710
ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 6.27% $5,630
J. VIRGIL, INC. 8 6.61% $8,332
Barrington Bank & Trust Company, N.A. 8 6.31% $9,017
PNC Bank 7 6.66% $3,726
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.80% $7,766
GUILD MORTGAGE COMPANY 7 6.79% $10,499
First Federal Bank 6 5.67% $5,188
The State Bank and Trust Company 6 6.44% $5,071
POLARIS HOME FUNDING CORP. 6 6.94% $13,854
SUN WEST MORTGAGE COMPANY, INC. 6 5.89% $5,555
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 6.92% $3,068
DAS Acquisition Company, LLC 5 7.10% $17,505
CMG MORTGAGE, INC. 5 5.68% $9,341
East Coast Capital Corp. 5 6.10% $12,373
Equity Prime Mortgage LLC 5 6.65% $9,275
CARDINAL FINANCIAL 5 6.40% $12,073
AMERISAVE MORTGAGE CORPORATION 5 5.58% $19,876
BROKER SOLUTIONS, INC. 5 6.50% $10,361
Credence Funding Corporation 4 5.75% $3,708
AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.37% $7,080
AmRes Corporation 4 6.88% $12,785
Fifth Third Bank 4 6.16% $6,493
GENEVA FINANCIAL, LLC 4 6.81% $2,103
FIRST COMMUNITY MORTGAGE, INC. 4 6.59% $8,636
RELIANCE FIRST CAPITAL, LLC 4 6.25% $12,269
CME Federal Credit Union 3 6.58% $5,650
Armed Forces Bank 3 5.58% $14,563
MILEND, INC. 3 6.42% $12,477
LAND HOME FINANCIAL SERVICES, INC. 3 6.00% $4,662
PHH Mortgage Corporation 3 6.70% $7,982
VERITAS FUNDING, LLC 3 6.33% $16,446
Citizens Bank 3 6.38% $4,066
HOMESPIRE MORTGAGE CORPORATION 3 6.46% $4,823
AMERICAN FINANCIAL NETWORK, INC. 3 5.71% $19,076
1ST SIGNATURE LENDING, LLC 2 6.88% $17,605
AMERICAN FINANCIAL RESOURCES, INC. 2 6.69% $21,600
AMERICAN FINANCING CORPORATION 2 6.63% $3,994
AmeriHome Mortgage Company, LLC 2 5.88% $9,809
Bank of England 2 6.25% $2,189
BAYSHORE MORTGAGE FUNDING, LLC 2 7.00% $8,301
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.88% $8,841
Civista Bank 2 5.94% $8,979
DEVELOPER'S MORTGAGE COMPANY 2 6.63% $13,657
DIGNIFIED HOME LOANS, LLC 2 6.19% $11,946
ENVOY MORTGAGE, LTD 2 5.81% $4,450
First Commonwealth Bank 2 5.94% $4,909
First Financial Bank 2 6.50% $7,178
Heartland Bank 2 6.06% $6,898
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.62% $1,633
HomePromise Corporation 2 7.31% $5,740
LIBERTY HOME MORTGAGE CORPORATION 2 6.19% $18,031
Mid-Continent Funding, Inc. 2 6.00% $7,023
MORTGAGEONE, INC. 2 6.25% $7,579
MOVEMENT MORTGAGE, LLC 2 6.44% $8,831
NATIONS RELIABLE LENDING, LLC 2 6.75% $5,202
Northpointe Bank 2 6.13% $11,850
Prosperity Home Mortgage, LLC 2 6.25% $9,442
ROYAL UNITED MORTGAGE LLC 2 6.25% $14,136
Strong Home Mortgage, LLC 2 6.19% $16,993
Texana Bank 2 5.88% $19,345
The Loan Store, Inc. 2 5.88% $6,450
Wells Fargo Bank 2 6.00% $10,384
WRIGHT-PATT CREDIT UNION, INC. 2 6.44% $6,396
NATIONWIDE MORTGAGE BANKERS, INC. 1 5.75% $11,501
Ameris Bank 1 5.63% $17,216
NATIONS DIRECT MORTGAGE, LLC 1 6.25% $13,916
Service Federal Credit Union 1 6.38% $12,854
Waterstone Mortgage Corporation 1 7.13% $10,903
SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $18,855
SUMMIT FUNDING, INC. 1 5.99% $8,688
Sunflower Bank 1 6.63% $4,196
MICHIGAN MUTUAL, INC. 1 7.13% $3,132
LCNB National Bank 1 5.00% $14,769
ZILLOW HOME LOANS, LLC 1 7.25% $10,089
The Central Trust Bank 1 6.50% $6,727
Lakeview Community Capital, LLC 1 5.63% $6,331
Key Mortgage Services, Inc. 1 6.75% $4,952
KeyBank 1 6.00% $4,809
WesBanco 1 6.13% $5,459
The Park National Bank 1 6.50% $7,271
HALLMARK HOME MORTGAGE, LLC 1 6.63% $12,329
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.75% $0
TJC Mortgage, Inc. 1 6.25% $5,912
TOP FLITE FINANCIAL, INC. 1 5.75% $7,290
TOWNE MORTGAGE COMPANY 1 7.13% $3,240
TrueCore Federal Credit Union 1 6.75% $5,073
Gateway First Bank 1 5.25% $16,540
First Federal Savings and Loan Association of Lakewood 1 5.75% $18,139
FIRST COLONY MORTGAGE CORPORATION 1 5.50% $3,514
United Bank 1 6.25% $2,607
UNITED MORTGAGE CORP 1 5.63% $33,747
FirstBank 1 5.63% $5,013
Cornerstone First Mortgage, Inc 1 5.63% $16,783
Commerce Home Mortgage, Inc. 1 5.50% $4,664
CHURCHILL MORTGAGE CORPORATION 1 6.63% $9,410
CANOPY MORTGAGE, LLC 1 7.13% $12,452
PLAZA HOME MORTGAGE, INC. 1 7.13% $11,652
PREMIA MORTGAGE, LLC 1 5.99% $4,888
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $13,974
BAY EQUITY LLC 1 6.25% $19,994
PENTAGON FEDERAL CREDIT UNION 1 5.75% $0
NORWICH COMMERCIAL GROUP, INC. 1 5.50% $13,741
NETWORK CAPITAL FUNDING CORPORATION 1 5.00% $13,574

The top Columbus VA lender as defined by loan originations is Mortgage Research Center, LLC, with 340 VA loans originated. Their average total fees are $7,364, which is $1,037 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Columbus VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($4,267), CLEARPATH LENDING ($4,792), PULTE MORTGAGE LLC ($5,106), Union Savings Bank ($5,128) and Flagstar Bank, FSB ($5,427).

The lowest rate Columbus VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.60%), VICTORY MORTGAGE, L.L.C. (5.47%), PENNYMAC LOAN SERVICES, LLC (5.67%), NBKC BANK (5.69%) and CLEARPATH LENDING (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.