Dayton VA Loan Rates, Closing Costs & Stats

Dayton, TN

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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 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 7.34% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 7.07% and one month ago for the week of 2024-03-15, the average rate was 7.03%.

    The average rate one year ago was 6.22%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.56%.

    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
    Dayton's median listing price for 2024-03-01 was $404,450, a difference of $4,950 (1.2%) versus the prior year and $33,450 versus the prior month.

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

    Dayton's average listing price for 2024-03-01 was $503,708, a difference of $38,438 (8.3%) versus the prior year and $10,334 versus the prior month.

    For the 2024-03-01 period, Dayton had 64 MLS listings, a difference of -2 listings (-3%) versus the prior month and 7 listings (12%) 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
    Dayton's median listing age (time on market) for 2024-03-01 was 0 days.

    Dayton's median square footage for active listings during the 2024-03-01 period was 2,022 sqft. One year prior, the average listing was 1,893 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.