Dayton VA Loan Rates, Closing Costs & Stats

DAYTON-KETTERING, 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.

Dayton's 146 lenders originated 2,118 VA loans during 2022. The total origination value was $556,680,000, with an average VA loan value of $262,833.

Dayton VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Dayton averaged 6.33% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Dayton's average VA mortgage closing costs are $5,433.

The average rate for the prior week (2024-02-23) was 6.46% and one month ago for the week of 2024-01-26, the average rate was 5.99%.

The average rate one year ago was 6.42%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.46%.

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

Dayton 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 Dayton level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 371 5.03% $7,183
QUICKEN LOANS, LLC 118 4.46% $10,013
USAA Federal Savings Bank 101 4.54% $9,084
NAVY FEDERAL CREDIT UNION 82 3.98% $6,778
PRIMELENDING, A PLAINSCAPITAL COMPANY 75 4.83% $7,076
Union Savings Bank 72 4.63% $6,687
CALIBER HOME LOANS, INC. 72 4.69% $10,084
WRIGHT-PATT CREDIT UNION, INC. 67 4.71% $6,011
NVR Mortgage Finance, Inc. 65 3.97% $8,632
FREEDOM MORTGAGE CORPORATION 62 4.68% $10,506
DAS Acquisition Company, LLC 60 5.34% $8,019
LOANDEPOT.COM, LLC 51 4.30% $7,633
UNITED WHOLESALE MORTGAGE, LLC 50 4.76% $7,299
THRIVE MORTGAGE, LLC 45 4.76% $8,632
NEW DAY FINANCIAL, LLC 44 4.75% $8,868
VICTORY MORTGAGE, L.L.C. 40 4.28% $9,740
PENNYMAC LOAN SERVICES, LLC 30 3.27% $7,616
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 5.79% $7,825
Mr. Cooper ( Nationstar Mortgage ) 24 4.92% $8,203
MOVEMENT MORTGAGE, LLC 24 4.71% $7,428
CROSSCOUNTRY MORTGAGE, LLC 23 5.58% $8,229
LEADERONE FINANCIAL CORPORATION 23 5.45% $12,662
The Huntington National Bank 22 4.97% $6,635
T2 FINANCIAL LLC 19 5.47% $11,086
M/I FINANCIAL, LLC 17 3.69% $8,894
DHI MORTGAGE COMPANY, LTD. 17 4.07% $9,919
GUILD MORTGAGE COMPANY 15 5.01% $11,528
UNION HOME MORTGAGE CORP. 14 4.93% $8,429
PENTAGON FEDERAL CREDIT UNION 13 3.75% $7,854
MORTGAGE SOLUTIONS OF COLORADO, LLC 11 6.19% $5,061
MID AMERICA MORTGAGE, INC. 11 4.75% $6,716
The Federal Savings Bank 9 4.76% $11,959
NFM, INC. 9 5.35% $9,147
RUOFF MORTGAGE COMPANY, INC. 9 5.53% $6,428
VILLAGE CAPITAL MORTGAGE 9 4.36% $6,134
GUARANTEED RATE, INC. 8 4.96% $5,460
EQUITY RESOURCES, INC. 8 4.42% $7,605
Wells Fargo Bank 8 4.22% $3,482
NBKC BANK 8 4.00% $9,362
INSPIRE HOME LOANS INC. 8 5.03% $7,571
HOME POINT FINANCIAL CORPORATION 8 4.53% $11,218
Fifth Third Bank 8 4.44% $4,563
Bank of England 8 4.83% $6,299
POLARIS HOME FUNDING CORP. 8 4.78% $8,570
U.S. Bank 7 4.63% $6,183
FIRST COMMUNITY MORTGAGE, INC. 7 6.25% $7,977
Armed Forces Bank 7 4.77% $8,522
BROKER SOLUTIONS, INC. 7 4.65% $7,014
Gateway First Bank 6 6.06% $7,143
CLEARPATH LENDING 6 3.83% $6,585
AMERISAVE MORTGAGE CORPORATION 6 4.63% $7,290
Barrington Bank & Trust Company, N.A. 5 4.55% $4,688
JPMorgan Chase Bank 5 4.85% $5,926
VAN DYK MORTGAGE CORPORATION 5 5.70% $10,062
PRIMARY RESIDENTIAL MORTGAGE, INC. 5 4.88% $7,779
LAKEVIEW LOAN SERVICING, LLC 5 4.85% $4,818
CMG MORTGAGE, INC. 5 4.90% $14,000
Flagstar Bank, FSB 5 5.08% $10,326
North American Savings Bank, F.S.B. 4 3.63% $8,885
KeyBank 4 5.75% $5,696
MORTGAGE 1 INCORPORATED 4 5.16% $4,418
CONTOUR MORTGAGE CORPORATION 4 6.22% $6,886
Meridian Bank Corporation 4 5.53% $6,961
First Commonwealth Bank 4 4.81% $9,875
AMERICAN PACIFIC MORTGAGE CORPORATION 4 5.37% $5,963
BNC National Bank 4 4.28% $7,443
STOCKTON MORTGAGE CORPORATION 4 4.91% $8,926
Carrington Mortgage Services, LLC 4 4.38% $6,974
GSF Mortgage Corporation 3 4.25% $6,897
KELLER MORTGAGE, LLC 3 4.75% $11,503
DIRECT MORTGAGE LOANS, LLC 3 4.79% $9,653
NATIONS DIRECT MORTGAGE, LLC 3 4.79% $9,565
NEWREZ LLC 3 4.63% $7,864
Paramount Residential Mortgage Group, Inc. 3 4.71% $9,013
First Financial Bank 3 6.25% $8,795
RELIANCE FIRST CAPITAL, LLC 3 5.75% $5,774
Wyndham Capital Mortgage, Inc. 3 4.54% $4,014
AMERICAN FINANCING CORPORATION 3 3.58% $11,040
First Federal Bank 3 5.37% $14,159
EVERETT FINANCIAL, INC. 3 5.04% $9,670
THE EQUITABLE MORTGAGE CORPORATION 2 3.69% $8,510
NBH Bank 2 5.63% $1,869
Firefighters & Company FCU 2 5.69% $2,864
RESIDENTIAL BANCORP 2 3.12% $4,120
CARDINAL FINANCIAL 2 5.00% $9,346
HOMESIDE FINANCIAL, LLC 2 6.50% $8,814
First Federal Bank of Kansas City 2 5.25% $5,633
NORTHERN MORTGAGE SERVICES, LLC 2 6.44% $12,025
PLANET HOME LENDING, LLC 2 3.00% $1,695
UNIVERSAL 1 CREDIT UNION 2 3.94% $4,908
PNC Bank 2 3.75% $9,173
Community First National Bank 2 5.19% $5,091
MICHIGAN MUTUAL, INC. 2 5.50% $9,382
NETWORK CAPITAL FUNDING CORPORATION 2 4.06% $5,098
M&T Bank 2 4.25% $4,393
Strong Home Mortgage, LLC 2 3.50% $3,611
Nations Lending Corporation 2 6.69% $7,611
HOMESTEAD FUNDING CORP. 2 5.13% $12,034
MUTUAL OF OMAHA MORTGAGE, INC. 2 3.75% $8,492
The Central Trust Bank 2 3.75% $10,367
RAPID MORTGAGE COMPANY 1 5.63% $11,445
Regions Bank 1 6.25% $3,255
RiverHills Bank 1 2.25% $7,474
ROYAL UNITED MORTGAGE LLC 1 7.25% $9,115
WEST PENN FINANCIAL SERVICE CENTER, INC. 1 5.75% $9,045
S1L, Inc. 1 5.75% $9,545
Service Federal Credit Union 1 3.38% $16,068
SIBCY CLINE MORTGAGE SERVICES, INC. 1 3.13% $9,011
HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.38% $6,778
Sunflower Bank 1 3.88% $14,660
Texana Bank 1 4.50% $7,944
Equity Prime Mortgage LLC 1 6.25% $11,349
BAY EQUITY LLC 1 4.63% $8,713
The Park National Bank 1 5.13% $15,956
The Union Bank Company 1 5.13% $3,898
GENEVA FINANCIAL, LLC 1 3.75% $9,485
FINANCE OF AMERICA MORTGAGE LLC 1 4.75% $8,399
Magnolia Bank 1 5.25% $7,867
LOANPAL, LLC 1 2.88% $18,361
HomePromise Corporation 1 6.25% $12,225
MIDLAND MORTGAGE CORPORATION 1 4.75% $14,735
DIRECT MORTGAGE, CORP. 1 3.50% $15,839
DRAPER AND KRAMER MORTGAGE CORP. 1 6.50% $4,362
MORTGAGE ACCESS CORP. 1 5.50% $9,991
DEVELOPER'S MORTGAGE COMPANY 1 6.63% $3,600
LIBERTY HOME MORTGAGE CORPORATION 1 5.75% $3,316
Cross Keys Bank 1 4.75% $13,186
MYCUMORTGAGE, LLC 1 5.13% $4,195
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.00% $2,799
EMM LOANS LLC 1 6.75% $8,357
First Internet Bank of Indiana 1 4.25% $11,461
Evolve Bank & Trust 1 3.75% $1,715
ENVOY MORTGAGE, LTD 1 5.50% $16,333
American Midwest Mortgage Corporation 1 4.25% $4,812
Ixonia Bank 1 5.25% $11,998
NP, Inc. 1 2.75% $6,888
CHURCHILL MORTGAGE CORPORATION 1 3.00% $10,083
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 4.63% $4,390
Paramount Bank 1 4.25% $8,138
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $10,027
INTERCAP LENDING INC. 1 4.88% $3,357
PHH Mortgage Corporation 1 5.13% $5,072
First Home Bank 1 5.63% $12,840
First Savings Bank 1 5.75% $8,388
Capital Bank 1 5.25% $4,195
ZILLOW HOME LOANS, LLC 1 6.25% $4,428

The top Dayton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 371 VA loans originated. Their average total fees are $7,183, which is $2,830 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Dayton VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($5,061), WRIGHT-PATT CREDIT UNION, INC. ($6,011), The Huntington National Bank ($6,635), Union Savings Bank ($6,687) and MID AMERICA MORTGAGE, INC. ($6,716).

The lowest rate Dayton VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.27%), M/I FINANCIAL, LLC (3.69%), PENTAGON FEDERAL CREDIT UNION (3.75%), NVR Mortgage Finance, Inc. (3.97%) and NAVY FEDERAL CREDIT UNION (3.98%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Dayton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $127,900 (11.3%) $184,514 (9.6%) 0.47 2,363
2018-02-01 $132,398 (15.2%) $190,297 (12.7%) 0.48 2,205
2018-03-01 $139,500 (21.4%) $197,479 (14.0%) 0.48 2,099
2018-04-01 $139,900 (16.7%) $198,972 (9.1%) 0.47 2,095
2018-05-01 $144,950 (17.6%) $207,840 (13.2%) 0.48 2,130
2018-06-01 $154,900 (22.5%) $213,319 (13.7%) 0.52 2,311
2018-07-01 $159,450 (11.9%) $216,067 (9.9%) 0.53 2,435
2018-08-01 $157,750 (12.3%) $214,234 (8.9%) 0.53 2,606
2018-09-01 $149,900 (7.2%) $206,009 (4.8%) 0.50 2,783
2018-10-01 $147,450 (2.2%) $202,919 (3.4%) 0.49 2,876
2018-11-01 $148,700 (8.2%) $201,445 (3.9%) 0.50 2,823
2018-12-01 $146,900 (13.1%) $197,932 (6.3%) 0.50 2,633
2019-01-01 $145,500 (13.8%) $197,165 (6.9%) 0.50 2,235
2019-02-01 $146,450 (10.6%) $204,554 (7.5%) 0.49 2,024
2019-03-01 $151,429 (8.6%) $206,206 (4.4%) 0.49 2,230
2019-04-01 $154,950 (10.8%) $205,434 (3.3%) 0.49 2,513
2019-05-01 $158,925 (9.6%) $208,411 (0.3%) 0.49 2,527
2019-06-01 $165,000 (6.5%) $220,231 (3.2%) 0.51 2,022
2019-07-01 $175,950 (10.4%) $225,261 (4.3%) 0.55 2,169
2019-08-01 $174,000 (10.3%) $228,771 (6.8%) 0.55 2,141
2019-09-01 $169,950 (13.4%) $229,739 (11.5%) 0.54 2,126
2019-10-01 $171,445 (16.3%) $228,540 (12.6%) 0.55 2,242
2019-11-01 $169,000 (13.7%) $226,391 (12.4%) 0.55 2,174
2019-12-01 $162,200 (10.4%) $224,889 (13.6%) 0.54 1,908
2020-01-01 $161,450 (11.0%) $223,184 (13.2%) 0.54 1,677
2020-02-01 $169,900 (16.0%) $228,584 (11.8%) 0.55 1,442
2020-03-01 $187,400 (23.8%) $242,074 (17.4%) 0.59 1,496
2020-04-01 $192,325 (24.1%) $241,444 (17.5%) 0.60 1,423
2020-05-01 $198,000 (24.6%) $252,227 (21.0%) 0.60 1,271
2020-06-01 $207,445 (25.7%) $254,780 (15.7%) 0.61 1,157
2020-07-01 $200,950 (14.2%) $253,519 (12.5%) 0.58 1,137
2020-08-01 $199,900 (14.9%) $254,779 (11.4%) 0.57 1,141
2020-09-01 $209,900 (23.5%) $258,208 (12.4%) 0.60 1,183
2020-10-01 $199,969 (16.6%) $257,858 (12.8%) 0.57 1,227
2020-11-01 $189,950 (12.4%) $252,261 (11.4%) 0.54 1,205
2020-12-01 $185,450 (14.3%) $249,327 (10.9%) 0.54 1,062
2021-01-01 $194,900 (20.7%) $247,295 (10.8%) 0.57 831
2021-02-01 $195,000 (14.8%) $264,451 (15.7%) 0.56 601
2021-03-01 $182,400 (-2.7%) $272,152 (12.4%) 0.51 609
2021-04-01 $183,900 (-4.4%) $276,076 (14.3%) 0.49 600
2021-05-01 $195,000 (-1.5%) $285,115 (13.0%) 0.51 632
2021-06-01 $199,500 (-3.8%) $282,182 (10.8%) 0.52 801
2021-07-01 $212,900 (6.0%) $287,155 (13.3%) 0.55 934
2021-08-01 $214,950 (7.5%) $288,253 (13.1%) 0.57 1,135
2021-09-01 $207,400 (-1.2%) $287,809 (11.5%) 0.55 1,149
2021-10-01 $199,000 (-0.5%) $268,495 (4.1%) 0.52 1,147
2021-11-01 $189,000 (-0.5%) $269,152 (6.7%) 0.50 998
2021-12-01 $188,700 (1.8%) $272,894 (9.5%) 0.50 905
2022-01-01 $180,000 (-7.6%) $269,908 (9.1%) 0.48 699
2022-02-01 $197,450 (1.3%) $286,116 (8.2%) 0.50 506
2022-03-01 $214,900 (17.8%) $294,997 (8.4%) 0.53 532
2022-04-01 $214,900 (16.9%) $274,174 (-0.7%) 0.51 742
2022-05-01 $217,450 (11.5%) $290,618 (1.9%) 0.49 929
2022-06-01 $227,450 (14.0%) $298,630 (5.8%) 0.51 1,081
2022-07-01 $227,500 (6.9%) $292,982 (2.0%) 0.51 1,260
2022-08-01 $227,000 (5.6%) $288,637 (0.1%) 0.52 1,310
Dayton's median listing price for 2022-08-01 was $227,000, a difference of $12,050 (5.6%) versus the prior year and $-500 versus the prior month.

Dayton's median listing price comes in at 52% of the national average.

Dayton's average listing price for 2022-08-01 was $288,637, a difference of $384 (0.1%) versus the prior year and $-4,345 versus the prior month.

For the 2022-08-01 period, Dayton had 1,310 MLS listings, a difference of 50 listings (4%) versus the prior month and 175 listings (15%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Dayton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 76 days 1,493 sqft
2018-02-01 68 days 1,535 sqft
2018-03-01 50 days 1,635 sqft
2018-04-01 45 days 1,640 sqft
2018-05-01 42 days 1,666 sqft
2018-06-01 44 days 1,680 sqft
2018-07-01 44 days 1,713 sqft
2018-08-01 46 days 1,708 sqft
2018-09-01 49 days 1,664 sqft
2018-10-01 52 days 1,644 sqft
2018-11-01 56 days 1,639 sqft
2018-12-01 65 days 1,602 sqft
2019-01-01 74 days 1,598 sqft
2019-02-01 72 days 1,588 sqft
2019-03-01 53 days 1,630 sqft
2019-04-01 41 days 1,664 sqft
2019-05-01 37 days 1,668 sqft
2019-06-01 39 days 1,705 sqft
2019-07-01 41 days 1,768 sqft
2019-08-01 46 days 1,749 sqft
2019-09-01 49 days 1,717 sqft
2019-10-01 46 days 1,693 sqft
2019-11-01 52 days 1,680 sqft
2019-12-01 61 days 1,668 sqft
2020-01-01 65 days 1,631 sqft
2020-02-01 56 days 1,637 sqft
2020-03-01 40 days 1,694 sqft
2020-04-01 47 days 1,701 sqft
2020-05-01 60 days 1,730 sqft
2020-06-01 50 days 1,777 sqft
2020-07-01 40 days 1,765 sqft
2020-08-01 35 days 1,762 sqft
2020-09-01 36 days 1,776 sqft
2020-10-01 33 days 1,762 sqft
2020-11-01 38 days 1,704 sqft
2020-12-01 50 days 1,655 sqft
2021-01-01 58 days 1,568 sqft
2021-02-01 54 days 1,541 sqft
2021-03-01 37 days 1,524 sqft
2021-04-01 32 days 1,569 sqft
2021-05-01 28 days 1,516 sqft
2021-06-01 24 days 1,607 sqft
2021-07-01 24 days 1,691 sqft
2021-08-01 25 days 1,622 sqft
2021-09-01 31 days 1,574 sqft
2021-10-01 35 days 1,559 sqft
2021-11-01 40 days 1,533 sqft
2021-12-01 43 days 1,488 sqft
2022-01-01 49 days 1,448 sqft
2022-02-01 46 days 1,499 sqft
2022-03-01 28 days 1,580 sqft
2022-04-01 28 days 1,510 sqft
2022-05-01 29 days 1,557 sqft
2022-06-01 27 days 1,613 sqft
2022-07-01 30 days 1,624 sqft
2022-08-01 36 days 1,665 sqft
Dayton's median listing age (time on market) for 2022-08-01 was 36 days. This is 47% longer than the same period one year ago.

Dayton's median square footage for active listings during the 2022-08-01 period was 1,665 sqft. One year prior, the average listing was 1,622 sqft.

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.