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 129 lenders originated 1,664 VA loans during 2023. The total origination value was $475,770,000, with an average VA loan value of $285,919.

    Dayton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Dayton averaged 6.61% for the week of 2024-06-14, compared to the national average (all VA variants) of 6.423% for the same period.

    Dayton's average VA mortgage closing costs are $5,758.

    The average rate for the prior week (2024-06-07) was 6.58% and one month ago for the week of 2024-05-10, the average rate was 6.99%.

    The average rate one year ago was 6.73%.

    For refis of the same type during the week of 2024-06-14, the average rate was 7.31%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 299 6.75% $7,150
    QUICKEN LOANS, LLC 85 6.37% $9,745
    NVR Mortgage Finance, Inc. 77 5.55% $8,749
    NAVY FEDERAL CREDIT UNION 68 5.92% $6,385
    THRIVE MORTGAGE, LLC 65 6.66% $9,724
    USAA Federal Savings Bank 64 6.28% $8,808
    PRIMELENDING, A PLAINSCAPITAL COMPANY 61 6.78% $7,920
    UNITED WHOLESALE MORTGAGE, LLC 61 6.34% $10,464
    CROSSCOUNTRY MORTGAGE, LLC 46 6.73% $8,278
    Union Savings Bank 40 6.40% $6,159
    The Huntington National Bank 39 6.65% $6,803
    VICTORY MORTGAGE, L.L.C. 36 5.90% $9,856
    DAS Acquisition Company, LLC 36 6.83% $8,181
    FREEDOM MORTGAGE CORPORATION 32 6.45% $14,387
    LOANDEPOT.COM, LLC 29 6.63% $10,021
    NEW DAY FINANCIAL, LLC 29 7.52% $10,476
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 22 6.99% $8,779
    MOVEMENT MORTGAGE, LLC 21 6.53% $9,205
    M/I FINANCIAL, LLC 20 5.80% $14,956
    WRIGHT-PATT CREDIT UNION, INC. 20 6.62% $5,080
    FIRST COMMUNITY MORTGAGE, INC. 19 6.84% $8,294
    DHI MORTGAGE COMPANY, LTD. 17 5.53% $5,486
    BROKER SOLUTIONS, INC. 17 6.50% $9,577
    PENNYMAC LOAN SERVICES, LLC 16 5.85% $6,500
    GUILD MORTGAGE COMPANY 15 6.28% $10,965
    PENTAGON FEDERAL CREDIT UNION 15 5.89% $8,723
    POLARIS HOME FUNDING CORP. 12 6.75% $11,863
    UNION HOME MORTGAGE CORP. 12 6.64% $12,893
    RUOFF MORTGAGE COMPANY, INC. 11 6.64% $8,635
    NEWREZ LLC 10 6.67% $9,410
    The Federal Savings Bank 10 6.35% $17,308
    VILLAGE CAPITAL MORTGAGE 10 6.01% $11,760
    GUARANTEED RATE, INC. 9 6.46% $7,876
    MORTGAGE SOLUTIONS OF COLORADO, LLC 9 7.81% $2,377
    NBKC BANK 9 5.54% $8,904
    VANDERBILT MORTGAGE AND FINANCE, INC. 8 6.05% $5,982
    Gateway First Bank 8 6.59% $11,676
    T2 FINANCIAL LLC 7 7.02% $6,607
    Armed Forces Bank 7 5.77% $9,393
    Mr. Cooper ( Nationstar Mortgage ) 6 5.69% $14,856
    U.S. Bank 6 6.77% $5,866
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.46% $10,550
    Barrington Bank & Trust Company, N.A. 5 6.25% $8,589
    MUTUAL OF OMAHA MORTGAGE, INC. 5 5.85% $9,360
    Ixonia Bank 5 6.38% $8,385
    AMERISAVE MORTGAGE CORPORATION 5 5.50% $29,948
    VAN DYK MORTGAGE CORPORATION 5 6.78% $7,310
    CARDINAL FINANCIAL 5 6.65% $12,049
    MID AMERICA MORTGAGE, INC. 5 6.13% $4,313
    HOWARD HANNA FINANCIAL SERVICES, INC. 5 6.55% $12,043
    Wells Fargo Bank 4 5.81% $7,327
    GUARANTEED RATE AFFINITY, LLC 4 5.97% $4,999
    Fifth Third Bank 4 6.47% $3,418
    NFM, INC. 4 7.00% $8,139
    KELLER MORTGAGE, LLC 4 6.15% $5,173
    Ameris Bank 4 6.31% $7,997
    NATIONS RELIABLE LENDING, LLC 4 6.84% $8,066
    CMG MORTGAGE, INC. 4 6.00% $10,366
    Paramount Residential Mortgage Group, Inc. 4 7.00% $8,514
    MORTGAGE 1 INCORPORATED 4 6.94% $2,176
    Western Ohio Mortgage Corporation 4 7.09% $8,996
    Flagstar Bank, FSB 3 6.79% $11,429
    Meridian Bank Corporation 3 5.83% $7,217
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.62% $7,391
    NORTHERN MORTGAGE SERVICES, LLC 3 6.38% $5,229
    CHURCHILL MORTGAGE CORPORATION 3 6.38% $8,476
    LAKEVIEW LOAN SERVICING, LLC 3 6.71% $11,673
    AMERICAN FINANCIAL RESOURCES, INC. 3 7.67% $8,025
    ZILLOW HOME LOANS, LLC 3 6.67% $7,929
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.21% $11,861
    Equity Prime Mortgage LLC 3 7.04% $8,260
    Plains Commerce Bank 2 6.25% $3,554
    Encompass Lending Group, LP 2 6.63% $9,687
    GENEVA FINANCIAL, LLC 2 6.94% $7,780
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.44% $13,070
    INSPIRE HOME LOANS INC. 2 5.19% $5,275
    North American Savings Bank, F.S.B. 2 6.19% $5,360
    PHH Mortgage Corporation 2 6.25% $10,242
    SeaTrust Mortgage Company 2 7.50% $6,894
    The Union Bank Company 2 6.25% $6,585
    EVERETT FINANCIAL, INC. 2 6.31% $7,328
    Citizens Bank 1 7.00% $5,046
    Waterstone Mortgage Corporation 1 7.13% $13,138
    Civista Bank 1 5.75% $6,755
    Northpointe Bank 1 6.75% $5,347
    Northwest Federal Credit Union 1 6.88% $18,168
    BNC National Bank 1 5.63% $10,639
    Old National Bank 1 6.63% $9,820
    MILEND, INC. 1 7.25% $17,588
    Magnolia Bank 1 5.75% $37,942
    Bank of England 1 6.25% $5,365
    First Savings Bank 1 5.25% $19,997
    LOANPAL, LLC 1 6.63% $7,132
    PNC Bank 1 6.25% $2,081
    Bank of America 1 6.50% $16,679
    Cornerstone First Mortgage, Inc 1 6.00% $8,837
    LIBERTY HOME MORTGAGE CORPORATION 1 6.13% $8,846
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $8,212
    RiverHills Bank 1 6.25% $5,312
    ROSS MORTGAGE CORPORATION 1 6.63% $2,171
    ROYAL UNITED MORTGAGE LLC 1 8.13% $7,416
    LAND HOME FINANCIAL SERVICES, INC. 1 6.75% $8,102
    ENDEAVOR CAPITAL, LLC. 1 5.75% $12,243
    Service Federal Credit Union 1 5.63% $4,033
    Sierra Pacific Mortgage Company, Inc. 1 6.99% $13,404
    Strong Home Mortgage, LLC 1 6.00% $1,114
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $4,378
    SUN WEST MORTGAGE COMPANY, INC. 1 6.25% $12,715
    KeyBank 1 6.38% $4,423
    THE EQUITABLE MORTGAGE CORPORATION 1 6.13% $3,728
    AIR ACADEMY 1 5.75% $14,834
    JPMorgan Chase Bank 1 6.25% $3,151
    EQUITY RESOURCES, INC. 1 5.50% $12,194
    AmeriHome Mortgage Company, LLC 1 4.99% $19,419
    INTERCOASTAL MORTGAGE COMPANY 1 5.75% $15,893
    HOMESIDE FINANCIAL, LLC 1 5.75% $4,152
    AMERICAN FINANCING CORPORATION 1 5.99% $13,725
    HomePromise Corporation 1 7.25% $18,390
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.88% $12,297
    DEVELOPER'S MORTGAGE COMPANY 1 6.50% $14,834
    GSF Mortgage Corporation 1 6.88% $15,539
    Veritex Community Bank 1 6.75% $7,232
    AMCAP MORTGAGE, LTD. 1 6.63% $7,483
    GARDNER FINANCIAL SERVICES, LTD. 1 5.75% $17,115
    NBH Bank 1 6.62% $5,451
    Neighborhood Loans, Inc. 1 7.63% $6,414
    Network Funding, L.P. 1 6.75% $4,916
    NATIONS DIRECT MORTGAGE, LLC 1 7.50% $9,848
    ACADEMY MORTGAGE CORPORATION 1 6.75% $15,833

    The top Dayton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 299 VA loans originated. Their average total fees are $7,150, which is $2,595 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Dayton VA lenders (with over 10 loans originated) are WRIGHT-PATT CREDIT UNION, INC. ($5,080), DHI MORTGAGE COMPANY, LTD. ($5,486), Union Savings Bank ($6,159), NAVY FEDERAL CREDIT UNION ($6,385) and PENNYMAC LOAN SERVICES, LLC ($6,500).

    The lowest rate Dayton VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.53%), NVR Mortgage Finance, Inc. (5.55%), M/I FINANCIAL, LLC (5.80%), PENNYMAC LOAN SERVICES, LLC (5.85%) and PENTAGON FEDERAL CREDIT UNION (5.89%).

    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.