Dayton VA Loans

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 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.