Dayton VA Loan Rates, Closing Costs & Stats

DAYTON-KETTERING, 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 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 6.12% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

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

    The average rate for the prior week (2023-05-19) was 5.94% and one month ago for the week of 2023-04-21, the average rate was 5.87%.

    The average rate one year ago was 5.14%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.65%.

    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.