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 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 6.67% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

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

The average rate for the prior week (2024-05-31) was 7.08% and one month ago for the week of 2024-05-03, the average rate was 7.21%.

The average rate one year ago was 6.81%.

For refis of the same type during the week of 2024-06-07, the average rate was 7.07%.

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.