Dayton VA Loans

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 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 178 lenders originated 4,281 VA loans during 2021. The total origination value was $1,014,435,000, with an average VA loan value of $236,962.

Dayton VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Dayton averaged 5.45% 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 5.36% and one month ago for the week of 2022-04-15, the average rate was 5.12%.

The average rate one year ago was 3.42%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.5%.

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

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 425 2.90% $5,660
QUICKEN LOANS, LLC 300 2.50% $4,628
FREEDOM MORTGAGE CORPORATION 259 2.49% $2,568
Union Savings Bank 208 2.48% $3,056
CALIBER HOME LOANS, INC. 189 2.67% $4,881
USAA Federal Savings Bank 150 2.80% $5,035
PRIMELENDING, A PLAINSCAPITAL COMPANY 142 2.93% $6,309
PENNYMAC LOAN SERVICES, LLC 129 2.46% $5,076
NAVY FEDERAL CREDIT UNION 103 2.50% $5,414
LOANDEPOT.COM, LLC 103 2.81% $6,103
NEW DAY FINANCIAL, LLC 96 2.89% $6,787
WRIGHT-PATT CREDIT UNION, INC. 87 2.78% $5,035
NVR Mortgage Finance, Inc. 74 2.78% $7,121
THRIVE MORTGAGE, LLC 72 3.05% $5,968
UNION HOME MORTGAGE CORP. 69 2.61% $5,514
UNITED WHOLESALE MORTGAGE, LLC 67 2.57% $5,272
DAS Acquisition Company, LLC 67 3.32% $7,603
VILLAGE CAPITAL & INVESTMENT LLC 59 2.46% $2,983
NFM, INC. 51 3.05% $7,323
CLEARPATH LENDING 51 2.28% $4,408
VICTORY MORTGAGE, L.L.C. 45 2.57% $7,161
LAKEVIEW LOAN SERVICING, LLC 42 2.62% $2,988
The Huntington National Bank 41 3.03% $6,354
Wells Fargo Bank 40 2.42% $4,206
HOME POINT FINANCIAL CORPORATION 40 2.44% $3,925
The Federal Savings Bank 32 2.65% $7,009
Mr. Cooper ( Nationstar Mortgage ) 32 2.83% $3,408
PENTAGON FEDERAL CREDIT UNION 32 2.34% $2,355
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 29 2.81% $6,968
CROSSCOUNTRY MORTGAGE, LLC 27 2.88% $5,940
Fifth Third Bank 23 2.86% $4,714
NEWREZ LLC 22 2.72% $3,343
Barrington Bank & Trust Company, N.A. 21 2.74% $4,171
Carrington Mortgage Services, LLC 18 3.32% $5,216
NBKC BANK 17 2.57% $6,544
U.S. Bank 16 2.86% $5,521
MID AMERICA MORTGAGE, INC. 16 2.61% $2,766
BROKER SOLUTIONS, INC. 15 2.67% $5,040
AMERICAN FINANCIAL NETWORK, INC. 15 2.54% $8,023
EQUITY RESOURCES, INC. 15 2.67% $5,807
MOVEMENT MORTGAGE, LLC 14 3.20% $3,454
North American Savings Bank, F.S.B. 14 2.43% $5,052
InterContinental Capital Group, Inc 13 2.31% $3,500
TCF National Bank 13 2.51% $6,509
Low VA Rates, LLC 12 2.48% $3,404
M/I FINANCIAL, LLC 12 2.60% $10,031
POLARIS HOME FUNDING CORP. 11 3.03% $11,584
AMERISAVE MORTGAGE CORPORATION 10 2.64% $4,011
MUTUAL OF OMAHA MORTGAGE, INC. 10 2.73% $6,322
First Guaranty Mortgage Corporation 10 2.53% $3,567
GUILD MORTGAGE COMPANY 10 3.19% $9,637
PRIMARY RESIDENTIAL MORTGAGE, INC. 10 3.28% $3,729
PLANET HOME LENDING, LLC 9 2.67% $3,088
Gateway First Bank 9 3.13% $7,283
CHURCHILL MORTGAGE CORPORATION 9 2.56% $5,326
RUOFF MORTGAGE COMPANY, INC. 9 3.13% $5,944
First Federal Bank 9 2.92% $5,904
Bank of England 9 2.75% $7,528
GUARANTEED RATE AFFINITY, LLC 9 2.61% $7,969
NORTHERN MORTGAGE SERVICES, LLC 9 2.78% $4,538
AMERICAN FINANCING CORPORATION 9 2.60% $3,714
NP, Inc. 8 2.31% $3,930
PNC Bank 8 3.23% $1,997
STOCKTON MORTGAGE CORPORATION 8 3.25% $8,853
T2 FINANCIAL LLC 8 3.39% $3,927
Ixonia Bank 7 2.82% $5,212
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 2.57% $6,111
BNC National Bank 7 2.30% $7,044
Paramount Residential Mortgage Group, Inc. 7 2.59% $6,710
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 7 2.84% $6,765
CELEBRITY HOME LOANS, LLC 6 3.31% $9,335
LIBERTY HOME MORTGAGE CORPORATION 6 3.63% $5,976
AMERICAN MORTGAGE SERVICE COMPANY 6 2.88% $4,052
VAN DYK MORTGAGE CORPORATION 5 3.10% $8,311
SUN WEST MORTGAGE COMPANY, INC. 5 2.30% $4,712
Flagstar Bank, FSB 5 2.63% $5,005
Western Ohio Mortgage Corporation 5 2.65% $8,718
HOMESIDE FINANCIAL, LLC 5 2.50% $4,009
Citizens Bank 5 2.78% $2,702
JPMorgan Chase Bank 5 2.92% $3,613
First Home Bank 4 2.59% $4,043
WEST PENN FINANCIAL SERVICE CENTER, INC. 4 2.72% $6,887
GUARANTEED RATE, INC. 4 2.66% $2,569
Magnolia Bank 4 2.56% $9,616
DIRECT MORTGAGE LOANS, LLC 4 3.34% $7,088
Meridian Bank Corporation 4 2.47% $3,971
Wyndham Capital Mortgage, Inc. 4 2.50% $5,893
Equity Prime Mortgage LLC 3 3.63% $5,659
LOANPAL, LLC 3 2.83% $3,946
KELLER MORTGAGE, LLC 3 2.50% $5,998
Armed Forces Bank 3 2.58% $11,331
AMERICAN PACIFIC MORTGAGE CORPORATION 3 3.00% $8,702
MORTGAGE 1 INCORPORATED 3 3.24% $2,023
THE EQUITABLE MORTGAGE CORPORATION 3 2.38% $6,183
SIBCY CLINE MORTGAGE SERVICES, INC. 3 2.58% $5,478
Prosperity Home Mortgage, LLC 3 2.58% $4,040
TJC Mortgage, Inc. 3 2.08% $9,231
KS StateBank 3 2.33% $2,737
Lakeview Community Capital, LLC 3 2.25% $3,060
LAND HOME FINANCIAL SERVICES, INC. 3 2.88% $6,491
Northpointe Bank 3 2.29% $5,905
The Union Bank Company 3 2.63% $7,239
The Park National Bank 2 2.50% $8,641
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 3.06% $11,065
BAYSHORE MORTGAGE FUNDING, LLC 2 3.00% $11,602
Community First National Bank 2 2.75% $2,638
FirstBank 2 2.31% $2,171
Mid-Continent Funding, Inc. 2 3.25% $4,075
NATIONS DIRECT MORTGAGE, LLC 2 3.38% $9,025
Nations Lending Corporation 2 2.75% $8,381
NATIONS RELIABLE LENDING, LLC 2 3.75% $1,898
NETWORK CAPITAL FUNDING CORPORATION 2 2.31% $3,387
RAPID MORTGAGE COMPANY 2 3.00% $6,791
RELIANCE FIRST CAPITAL, LLC 2 2.81% $4,551
Service Federal Credit Union 2 2.69% $11,117
Strong Home Mortgage, LLC 2 2.44% $2,699
SUMMIT FUNDING, INC. 2 3.00% $11,160
KEMBA FINANCIAL 1 3.00% $4,459
J. VIRGIL, INC. 1 2.75% $4,215
OCEANSIDE MORTGAGE COMPANY 1 2.25% $150
INTERCAP LENDING INC. 1 2.25% $1,755
PARTNERS UNITED FINANCIAL, LLC 1 2.75% $3,295
INSPIRE HOME LOANS INC. 1 2.88% $7,573
Independent Bank 1 2.75% $2,485
PHH Mortgage Corporation 1 3.50% $3,454
HOMESTEAD FUNDING CORP. 1 2.50% $2,895
PLAZA HOME MORTGAGE, INC. 1 2.25% $2,668
HOMESPIRE MORTGAGE CORPORATION 1 2.25% $1,771
Home Loan Investment Bank, F.S.B. 1 2.75% $3,641
PREMIA MORTGAGE, LLC 1 2.75% $10,410
Home Federal Bank 1 2.99% $8,302
HALLMARK HOME MORTGAGE, LLC 1 2.88% $11,303
GSF Mortgage Corporation 1 2.88% $2,884
GoPrime Mortgage, Inc. 1 2.63% $9,772
American Midwest Mortgage Corporation 1 2.88% $9,165
Regions Bank 1 2.63% $1,772
AMERICAN INTERNET MORTGAGE, INC. 1 2.50% $2,277
ROYAL UNITED MORTGAGE LLC 1 2.38% $10,102
Goldwater Bank, N.A. 1 2.75% $3,781
Sandy Spring Bank 1 2.25% $4,090
AMCAP MORTGAGE, LTD. 1 2.63% $19,190
GENEVA FINANCIAL, LLC 1 3.13% $10,519
SIGNATURE MORTGAGE CORPORATION 1 3.00% $3,165
STEARNS LENDING, LLC 1 2.75% $3,151
First State Bank of St. Charles, Missouri 1 2.50% $18,755
AIR ACADEMY 1 2.50% $2,245
ZILLOW HOME LOANS, LLC 1 2.38% $19,367
Sunflower Bank 1 2.38% $14,061
First International Bank & Trust 1 2.25% $9,527
First Financial Bank 1 2.38% $2,682
First Commonwealth Bank 1 2.25% $3,029
The Central Trust Bank 1 2.38% $1,160
First Bank 1 2.25% $4,539
Evolve Bank & Trust 1 3.00% $25,760
ENVOY MORTGAGE, LTD 1 4.13% $2,818
1ST SIGNATURE LENDING, LLC 1 3.00% $16,559
EMBRACE HOME LOANS, INC. 1 2.25% $1,799
DEVELOPER'S MORTGAGE COMPANY 1 3.25% $3,198
CONTOUR MORTGAGE CORPORATION 1 2.38% $2,349
Truist Bank 1 2.25% $599
Commonwealth Bank and Trust Company 1 2.38% $2,494
Commerce Home Mortgage, Inc. 1 2.25% $691
Cincinnati Federal 1 2.88% $11,232
UNIVERSAL 1 CREDIT UNION 1 3.25% $8,185
Capital Bank 1 2.25% $2,813
CANOPY MORTGAGE, LLC 1 2.13% $2,159
ARC HOME LLC 1 3.88% $8,536
A Mortgage Boutique, LLC 1 2.63% $3,700
AmeriHome Mortgage Company, LLC 1 2.99% $1,039
V.I.P. MORTGAGE, INC. 1 2.50% $1,131
Waterstone Mortgage Corporation 1 2.38% $5,232
AMERIFIRST FINANCIAL CORPORATION 1 2.88% $5,398
WesBanco Bank, Inc. 1 2.75% $7,762
NBH Bank 1 2.50% $1,820
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $3,629
Manufacturers and Traders Trust Company 1 2.50% $3,612
LENDUS, LLC 1 3.25% $8,280
LEADERONE FINANCIAL CORPORATION 1 3.00% $7,158

The top Dayton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 425 VA loans originated. Their average total fees are $5,660, which is $1,032 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Dayton VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION ($2,355), FREEDOM MORTGAGE CORPORATION ($2,568), MID AMERICA MORTGAGE, INC. ($2,766), VILLAGE CAPITAL & INVESTMENT LLC ($2,983) and LAKEVIEW LOAN SERVICING, LLC ($2,988).

The lowest rate Dayton VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.28%), InterContinental Capital Group, Inc (2.31%), PENTAGON FEDERAL CREDIT UNION (2.34%), Wells Fargo Bank (2.42%) and North American Savings Bank, F.S.B. (2.43%).

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.