Dayton VA Loan Rates, Closing Costs & Stats

Dayton, TN

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 30 lenders originated 54 VA loans during 2023. The total origination value was $14,800,000, with an average VA loan value of $274,074.

Dayton VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Dayton averaged 0.58% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

Dayton's average VA mortgage closing costs are $5,670.

The average rate for the prior week (2024-11-22) was 6.55% and one month ago for the week of 2024-10-25, the average rate was 6.34%.

The average rate one year ago was 7.19%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.2%.

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 7 6.91% $4,303
UNITED WHOLESALE MORTGAGE, LLC 5 6.32% $10,428
QUICKEN LOANS, LLC 4 6.37% $5,430
MORTGAGE INVESTORS GROUP, INC. 2 5.94% $13,475
MOVEMENT MORTGAGE, LLC 2 6.19% $5,620
Renasant Bank 2 6.94% $5,941
The Federal Savings Bank 2 6.88% $13,117
FIRST COMMUNITY MORTGAGE, INC. 2 6.25% $9,091
Equity Prime Mortgage LLC 2 7.75% $5,788
NAVY FEDERAL CREDIT UNION 2 6.25% $5,086
FREEDOM MORTGAGE CORPORATION 2 5.81% $14,446
MID AMERICA MORTGAGE, INC. 1 7.75% $5,448
Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $5,587
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $11,932
NEW DAY FINANCIAL, LLC 1 7.49% $9,665
NEWREZ LLC 1 6.25% $7,278
PLANET HOME LENDING, LLC 1 5.50% $4,551
Regions Bank 1 6.75% $5,909
ALAMEDA MORTGAGE CORPORATION 1 6.75% $14,657
USAA Federal Savings Bank 1 5.75% $7,347
AMCAP MORTGAGE, LTD. 1 6.75% $14,697
AMERISAVE MORTGAGE CORPORATION 1 5.25% $14,654
CMG MORTGAGE, INC. 1 5.75% $4,437
COMPASS MORTGAGE, INC. 1 6.63% $7,614
CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $8,696
EVERETT FINANCIAL, INC. 1 6.63% $0
FirstTrust Home Loans, Inc. 1 6.99% $14,338
Flagstar Bank, FSB 1 5.75% $9,486
GUILD MORTGAGE COMPANY 1 6.50% $34,319
HOMESIDE FINANCIAL, LLC 1 7.25% $7,811

The top Dayton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 7 VA loans originated. Their average total fees are $4,303, which is $6,126 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Dayton VA lenders (with over 10 loans originated) are .

The lowest rate Dayton VA lenders (with over 10 loans originated) are .


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 $182,500 (7.3%) $282,940 (8.9%) 0.00 184
2018-02-01 $182,100 (4.1%) $266,430 (0.2%) 0.00 197
2018-03-01 $178,900 (3.5%) $275,056 (1.8%) 0.00 183
2018-04-01 $193,875 (9.5%) $284,019 (0.7%) 0.00 186
2018-05-01 $198,500 (2.8%) $296,069 (3.2%) 0.00 190
2018-06-01 $195,500 (-5.8%) $298,635 (-0.3%) 0.00 187
2018-07-01 $213,038 (-4.1%) $305,936 (0.6%) 0.00 181
2018-08-01 $216,075 (-8.5%) $306,385 (-2.1%) 0.00 185
2018-09-01 $219,000 (-0.3%) $309,101 (0.1%) 0.00 176
2018-10-01 $202,475 (3.0%) $306,205 (3.4%) 0.00 173
2018-11-01 $213,725 (11.8%) $310,112 (7.2%) 0.00 167
2018-12-01 $225,000 (20.6%) $304,844 (7.9%) 0.00 152
2019-01-01 $223,625 (22.5%) $307,982 (8.9%) 0.00 142
2019-02-01 $226,225 (24.2%) $314,776 (18.2%) 0.00 133
2019-03-01 $231,200 (29.2%) $320,188 (16.4%) 0.00 127
2019-04-01 $226,038 (16.6%) $313,414 (10.4%) 0.00 130
2019-05-01 $238,125 (20.0%) $339,029 (14.5%) 0.00 141
2019-06-01 $224,500 (14.8%) $317,062 (6.2%) 0.00 147
2019-07-01 $239,000 (12.2%) $324,206 (6.0%) 0.00 147
2019-08-01 $227,509 (5.3%) $315,968 (3.1%) 0.00 150
2019-09-01 $220,473 (0.7%) $310,559 (0.5%) 0.00 148
2019-10-01 $214,975 (6.2%) $306,106 (0.0%) 0.00 146
2019-11-01 $199,900 (-6.5%) $300,333 (-3.2%) 0.00 135
2019-12-01 $199,925 (-11.1%) $305,521 (0.2%) 0.00 128
2020-01-01 $209,950 (-6.1%) $316,459 (2.8%) 0.00 113
2020-02-01 $219,950 (-2.8%) $330,768 (5.1%) 0.00 108
2020-03-01 $233,325 (0.9%) $345,515 (7.9%) 0.00 93
2020-04-01 $236,950 (4.8%) $341,104 (8.8%) 0.00 94
2020-05-01 $249,900 (4.9%) $342,218 (0.9%) 0.00 92
2020-06-01 $239,000 (6.5%) $330,209 (4.2%) 0.00 85
2020-07-01 $219,275 (-8.3%) $326,521 (0.7%) 0.00 67
2020-08-01 $249,000 (9.5%) $391,193 (23.8%) 0.00 65
2020-09-01 $244,750 (11.0%) $396,923 (27.8%) 0.00 52
2020-10-01 $277,400 (29.0%) $421,411 (37.7%) 0.00 54
2020-11-01 $325,000 (62.6%) $430,667 (43.4%) 0.00 51
2020-12-01 $325,000 (62.6%) $465,034 (52.2%) 0.00 46
2021-01-01 $294,500 (40.3%) $476,656 (50.6%) 0.00 49
2021-02-01 $312,450 (42.1%) $480,687 (45.3%) 0.00 47
2021-03-01 $305,620 (31.0%) $474,638 (37.4%) 0.00 44
2021-04-01 $295,500 (24.7%) $484,013 (41.9%) 0.00 38
2021-05-01 $295,000 (18.1%) $524,444 (53.3%) 0.00 32
2021-06-01 $276,600 (15.7%) $449,568 (36.2%) 0.00 43
2021-07-01 $252,500 (15.2%) $442,480 (35.5%) 0.00 58
2021-08-01 $272,225 (9.3%) $478,178 (22.2%) 0.00 52
2021-09-01 $279,375 (14.2%) $396,194 (-0.2%) 0.00 57
2021-10-01 $286,200 (3.2%) $410,946 (-2.5%) 0.00 50
2021-11-01 $272,200 (-16.3%) $401,248 (-6.8%) 0.00 43
2021-12-01 $280,500 (-13.7%) $434,124 (-6.7%) 0.00 38
2022-01-01 $287,450 (-2.4%) $452,404 (-5.1%) 0.00 32
2022-02-01 $308,070 (-1.4%) $453,731 (-5.6%) 0.00 25
2022-03-01 $341,795 (11.8%) $493,387 (4.0%) 0.00 31
2022-04-01 $354,400 (19.9%) $477,424 (-1.4%) 0.00 39
2022-05-01 $354,900 (20.3%) $453,950 (-13.4%) 0.00 57
2022-06-01 $363,725 (31.5%) $439,506 (-2.2%) 0.00 66
2022-07-01 $375,000 (48.5%) $427,084 (-3.5%) 0.00 67
2022-08-01 $399,450 (46.7%) $455,665 (-4.7%) 0.00 72
2022-09-01 $429,000 (53.6%) $481,152 (21.4%) 0.00 75
2022-10-01 $429,000 (49.9%) $492,633 (19.9%) 0.00 78
2022-11-01 $418,850 (53.9%) $484,121 (20.7%) 0.00 80
2022-12-01 $374,900 (33.7%) $467,677 (7.7%) 0.00 89
2023-01-01 $367,850 (28.0%) $458,789 (1.4%) 0.00 74
2023-02-01 $389,000 (26.3%) $469,860 (3.6%) 0.00 67
2023-03-01 $399,500 (16.9%) $465,270 (-5.7%) 0.00 57
2023-04-01 $399,500 (12.7%) $446,678 (-6.4%) 0.00 53
2023-05-01 $362,500 (2.1%) $439,158 (-3.3%) 0.00 74
2023-06-01 $393,000 (8.1%) $485,247 (10.4%) 0.00 81
2023-07-01 $388,500 (3.6%) $529,064 (23.9%) 0.00 87
2023-08-01 $413,750 (3.6%) $513,934 (12.8%) 0.00 91
2023-09-01 $420,000 (-2.1%) $515,667 (7.2%) 0.00 87
2023-10-01 $375,600 (-12.5%) $485,787 (-1.4%) 0.00 84
2023-11-01 $399,700 (-4.6%) $504,645 (4.2%) 0.00 83
2023-12-01 $395,700 (5.6%) $506,756 (8.4%) 0.00 76
2024-01-01 $357,450 (-2.8%) $500,974 (9.2%) 0.00 72
2024-02-01 $371,000 (-4.6%) $493,374 (5.0%) 0.00 66
2024-03-01 $404,450 (1.2%) $503,708 (8.3%) 0.00 64
2024-04-01 $381,477 (-4.5%) $513,836 (15.0%) 0.00 74
2024-05-01 $399,575 (10.2%) $525,820 (19.7%) 0.00 84
2024-06-01 $362,500 (-7.8%) $495,421 (2.1%) 0.00 100
2024-07-01 $346,950 (-10.7%) $472,801 (-10.6%) 0.00 111
2024-08-01 $355,000 (-14.2%) $462,983 (-9.9%) 0.00 107
2024-09-01 $376,899 (-10.3%) $496,418 (-3.7%) 0.00 109
2024-10-01 $381,901 (1.7%) $483,512 (-0.5%) 0.00 108
Dayton's median listing price for 2024-10-01 was $381,901, a difference of $6,301 (1.7%) versus the prior year and $5,002 versus the prior month.

Dayton's median listing price comes in at 0% of the national average.

Dayton's average listing price for 2024-10-01 was $483,512, a difference of $-2,275 (-0.5%) versus the prior year and $-12,906 versus the prior month.

For the 2024-10-01 period, Dayton had 108 MLS listings, a difference of -1 listings (-1%) versus the prior month and 24 listings (29%) 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 0 days 1,792 sqft
2018-02-01 0 days 1,781 sqft
2018-03-01 0 days 1,692 sqft
2018-04-01 0 days 1,853 sqft
2018-05-01 0 days 1,878 sqft
2018-06-01 0 days 1,888 sqft
2018-07-01 0 days 1,904 sqft
2018-08-01 0 days 1,982 sqft
2018-09-01 0 days 2,000 sqft
2018-10-01 0 days 1,914 sqft
2018-11-01 0 days 1,871 sqft
2018-12-01 0 days 1,955 sqft
2019-01-01 0 days 1,898 sqft
2019-02-01 0 days 1,872 sqft
2019-03-01 0 days 1,974 sqft
2019-04-01 0 days 2,024 sqft
2019-05-01 0 days 2,055 sqft
2019-06-01 0 days 2,056 sqft
2019-07-01 0 days 2,168 sqft
2019-08-01 0 days 2,078 sqft
2019-09-01 0 days 2,012 sqft
2019-10-01 0 days 1,947 sqft
2019-11-01 0 days 1,920 sqft
2019-12-01 0 days 1,960 sqft
2020-01-01 0 days 1,964 sqft
2020-02-01 0 days 1,934 sqft
2020-03-01 0 days 1,940 sqft
2020-04-01 0 days 1,931 sqft
2020-05-01 0 days 1,946 sqft
2020-06-01 0 days 1,884 sqft
2020-07-01 0 days 1,860 sqft
2020-08-01 0 days 2,092 sqft
2020-09-01 0 days 2,083 sqft
2020-10-01 0 days 2,258 sqft
2020-11-01 0 days 2,484 sqft
2020-12-01 0 days 2,560 sqft
2021-01-01 0 days 2,520 sqft
2021-02-01 0 days 2,346 sqft
2021-03-01 0 days 1,989 sqft
2021-04-01 0 days 2,120 sqft
2021-05-01 0 days 1,719 sqft
2021-06-01 0 days 1,829 sqft
2021-07-01 0 days 1,762 sqft
2021-08-01 0 days 1,820 sqft
2021-09-01 0 days 1,888 sqft
2021-10-01 0 days 1,899 sqft
2021-11-01 0 days 1,846 sqft
2021-12-01 0 days 1,748 sqft
2022-01-01 0 days 1,863 sqft
2022-02-01 0 days 2,195 sqft
2022-03-01 0 days 1,896 sqft
2022-04-01 0 days 1,940 sqft
2022-05-01 0 days 1,811 sqft
2022-06-01 0 days 1,838 sqft
2022-07-01 0 days 1,866 sqft
2022-08-01 0 days 2,040 sqft
2022-09-01 0 days 2,040 sqft
2022-10-01 0 days 1,986 sqft
2022-11-01 0 days 1,893 sqft
2022-12-01 0 days 1,893 sqft
2023-01-01 0 days 1,853 sqft
2023-02-01 0 days 1,901 sqft
2023-03-01 0 days 1,893 sqft
2023-04-01 0 days 1,902 sqft
2023-05-01 0 days 1,823 sqft
2023-06-01 0 days 1,965 sqft
2023-07-01 0 days 1,973 sqft
2023-08-01 0 days 1,807 sqft
2023-09-01 0 days 1,918 sqft
2023-10-01 0 days 1,825 sqft
2023-11-01 0 days 1,937 sqft
2023-12-01 0 days 2,016 sqft
2024-01-01 0 days 1,894 sqft
2024-02-01 0 days 1,966 sqft
2024-03-01 0 days 2,022 sqft
2024-04-01 0 days 2,000 sqft
2024-05-01 0 days 1,998 sqft
2024-06-01 0 days 1,992 sqft
2024-07-01 0 days 1,823 sqft
2024-08-01 0 days 1,960 sqft
2024-09-01 0 days 1,988 sqft
2024-10-01 0 days 1,992 sqft
Dayton's median listing age (time on market) for 2024-10-01 was 0 days.

Dayton's median square footage for active listings during the 2024-10-01 period was 1,992 sqft. One year prior, the average listing was 1,825 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.