Defiance VA Loan Rates, Closing Costs & Stats

Defiance, 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.

    Defiance's 13 lenders originated 24 VA loans during 2023. The total origination value was $5,080,000, with an average VA loan value of $211,667.

    Defiance VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Defiance averaged 6.52% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Defiance's average VA mortgage closing costs are $4,703.

    The average rate for the prior week (2024-11-01) was 6.68% and one month ago for the week of 2024-10-04, the average rate was 6.01%.

    The average rate one year ago was 7.76%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.54%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Defiance 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 Defiance level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 4 6.81% $4,654
    Mortgage Research Center, LLC 4 7.03% $3,884
    NEW DAY FINANCIAL, LLC 2 7.87% $10,166
    QUICKEN LOANS, LLC 2 6.93% $13,010
    Northpointe Bank 1 6.75% $6,917
    The Federal Savings Bank 1 6.50% $31,434
    The Huntington National Bank 1 7.75% $3,756
    UNITED WHOLESALE MORTGAGE, LLC 1 7.77% $8,060
    CHURCHILL MORTGAGE CORPORATION 1 6.75% $4,590
    USAA Federal Savings Bank 1 6.63% $8,176
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
    MOVEMENT MORTGAGE, LLC 1 7.13% $4,020
    NAVY FEDERAL CREDIT UNION 1 6.00% $5,093

    The top Defiance VA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 4 VA loans originated. Their average total fees are $4,654, which is $770 higher than the next largest lender, Mortgage Research Center, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Defiance (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 $108,450 (27.7%) $159,013 (19.0%) 0.00 97
    2018-02-01 $103,600 (22.7%) $154,980 (9.7%) 0.00 83
    2018-03-01 $110,000 (26.4%) $150,182 (3.4%) 0.00 73
    2018-04-01 $108,450 (20.6%) $150,352 (-4.1%) 0.00 77
    2018-05-01 $101,200 (-16.8%) $150,172 (-2.5%) 0.00 79
    2018-06-01 $102,400 (-11.2%) $148,482 (-3.3%) 0.00 76
    2018-07-01 $117,150 (0.4%) $163,607 (9.2%) 0.00 78
    2018-08-01 $108,400 (-10.1%) $152,716 (-2.9%) 0.00 97
    2018-09-01 $110,000 (-4.7%) $150,282 (-1.5%) 0.00 107
    2018-10-01 $114,900 (-1.1%) $150,422 (-3.8%) 0.00 108
    2018-11-01 $120,925 (5.6%) $153,600 (-3.7%) 0.00 105
    2018-12-01 $127,900 (11.5%) $161,586 (1.6%) 0.00 93
    2019-01-01 $126,900 (17.0%) $164,338 (3.4%) 0.00 78
    2019-02-01 $129,950 (25.4%) $171,097 (10.4%) 0.00 67
    2019-03-01 $135,471 (23.2%) $176,016 (17.2%) 0.00 66
    2019-04-01 $139,471 (28.6%) $178,621 (18.8%) 0.00 61
    2019-05-01 $139,900 (38.2%) $179,652 (19.6%) 0.00 58
    2019-06-01 $119,900 (17.1%) $158,960 (7.1%) 0.00 76
    2019-07-01 $134,900 (15.2%) $159,407 (-2.6%) 0.00 82
    2019-08-01 $136,264 (25.7%) $161,270 (5.6%) 0.00 87
    2019-09-01 $138,309 (25.7%) $163,403 (8.7%) 0.00 88
    2019-10-01 $139,900 (21.8%) $164,500 (9.4%) 0.00 89
    2019-11-01 $132,500 (9.6%) $155,082 (1.0%) 0.00 105
    2019-12-01 $129,925 (1.6%) $159,710 (-1.2%) 0.00 96
    2020-01-01 $126,050 (-0.7%) $153,865 (-6.4%) 0.00 84
    2020-02-01 $125,000 (-3.8%) $149,156 (-12.8%) 0.00 70
    2020-03-01 $121,100 (-10.6%) $146,537 (-16.8%) 0.00 58
    2020-04-01 $127,750 (-8.4%) $157,958 (-11.6%) 0.00 54
    2020-05-01 $124,900 (-10.7%) $156,683 (-12.8%) 0.00 50
    2020-06-01 $143,650 (19.8%) $170,321 (7.2%) 0.00 46
    2020-07-01 $134,850 (0.0%) $184,998 (16.1%) 0.00 44
    2020-08-01 $147,450 (8.2%) $193,202 (19.8%) 0.00 46
    2020-09-01 $181,000 (30.9%) $215,492 (31.9%) 0.00 45
    2020-10-01 $155,000 (10.8%) $213,713 (29.9%) 0.00 50
    2020-11-01 $138,400 (4.5%) $188,612 (21.6%) 0.00 52
    2020-12-01 $129,900 (0.0%) $179,346 (12.3%) 0.00 42
    2021-01-01 $139,900 (11.0%) $199,371 (29.6%) 0.00 39
    2021-02-01 $129,400 (3.5%) $197,115 (32.2%) 0.00 31
    2021-03-01 $194,950 (61.0%) $230,991 (57.6%) 0.00 25
    2021-04-01 $151,450 (18.6%) $198,954 (26.0%) 0.00 24
    2021-05-01 $150,950 (20.9%) $184,562 (17.8%) 0.00 31
    2021-06-01 $151,750 (5.6%) $178,996 (5.1%) 0.00 37
    2021-07-01 $149,000 (10.5%) $178,189 (-3.7%) 0.00 34
    2021-08-01 $138,875 (-5.8%) $158,886 (-17.8%) 0.00 44
    2021-09-01 $142,700 (-21.2%) $154,893 (-28.1%) 0.00 52
    2021-10-01 $125,000 (-19.4%) $146,236 (-31.6%) 0.00 50
    2021-11-01 $120,650 (-12.8%) $149,034 (-21.0%) 0.00 55
    2021-12-01 $132,975 (2.4%) $157,357 (-12.3%) 0.00 54
    2022-01-01 $129,900 (-7.2%) $155,473 (-22.0%) 0.00 46
    2022-02-01 $145,225 (12.2%) $165,764 (-15.9%) 0.00 39
    2022-03-01 $147,400 (-24.4%) $173,128 (-25.1%) 0.00 30
    2022-04-01 $172,400 (13.8%) $206,123 (3.6%) 0.00 33
    2022-05-01 $159,900 (5.9%) $194,234 (5.2%) 0.00 41
    2022-06-01 $169,900 (12.0%) $184,295 (3.0%) 0.00 43
    2022-07-01 $159,900 (7.3%) $172,523 (-3.2%) 0.00 56
    2022-08-01 $159,875 (15.1%) $165,309 (4.0%) 0.00 57
    2022-09-01 $158,925 (11.4%) $164,591 (6.3%) 0.00 53
    2022-10-01 $149,950 (20.0%) $166,290 (13.7%) 0.00 45
    2022-11-01 $147,075 (21.9%) $172,785 (15.9%) 0.00 46
    2022-12-01 $149,900 (12.7%) $166,806 (6.0%) 0.00 43
    2023-01-01 $165,825 (27.7%) $173,488 (11.6%) 0.00 42
    2023-02-01 $173,725 (19.6%) $184,075 (11.1%) 0.00 36
    2023-03-01 $184,725 (25.3%) $203,726 (17.7%) 0.00 36
    2023-04-01 $164,950 (-4.3%) $204,382 (-0.8%) 0.00 36
    2023-05-01 $164,900 (3.1%) $208,520 (7.4%) 0.00 32
    2023-06-01 $174,575 (2.8%) $198,309 (7.6%) 0.00 32
    2023-07-01 $215,000 (34.5%) $232,920 (35.0%) 0.00 34
    2023-08-01 $224,450 (40.4%) $233,230 (41.1%) 0.00 34
    2023-09-01 $199,900 (25.8%) $210,200 (27.7%) 0.00 35
    2023-10-01 $192,200 (28.2%) $207,542 (24.8%) 0.00 42
    2023-11-01 $200,000 (36.0%) $221,648 (28.3%) 0.00 38
    2023-12-01 $193,900 (29.4%) $210,481 (26.2%) 0.00 39
    2024-01-01 $202,250 (22.0%) $214,937 (23.9%) 0.00 34
    2024-02-01 $209,000 (20.3%) $218,096 (18.5%) 0.00 27
    2024-03-01 $199,950 (8.2%) $217,806 (6.9%) 0.00 25
    2024-04-01 $179,975 (9.1%) $214,490 (5.0%) 0.00 30
    2024-05-01 $206,225 (25.1%) $232,316 (11.4%) 0.00 26
    2024-06-01 $189,950 (8.8%) $211,842 (6.8%) 0.00 26
    2024-07-01 $212,225 (-1.3%) $232,064 (-0.4%) 0.00 28
    2024-08-01 $209,900 (-6.5%) $230,887 (-1.0%) 0.00 40
    2024-09-01 $205,925 (3.0%) $224,738 (6.9%) 0.00 53
    2024-10-01 $194,450 (1.2%) $224,822 (8.3%) 0.00 51
    Defiance's median listing price for 2024-10-01 was $194,450, a difference of $2,250 (1.2%) versus the prior year and $-11,475 versus the prior month.

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

    Defiance's average listing price for 2024-10-01 was $224,822, a difference of $17,280 (8.3%) versus the prior year and $84 versus the prior month.

    For the 2024-10-01 period, Defiance had 51 MLS listings, a difference of -2 listings (-4%) versus the prior month and 9 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Defiance (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,506 sqft
    2018-02-01 0 days 1,530 sqft
    2018-03-01 0 days 1,505 sqft
    2018-04-01 0 days 1,464 sqft
    2018-05-01 0 days 1,549 sqft
    2018-06-01 0 days 1,504 sqft
    2018-07-01 0 days 1,557 sqft
    2018-08-01 0 days 1,553 sqft
    2018-09-01 0 days 1,545 sqft
    2018-10-01 0 days 1,630 sqft
    2018-11-01 0 days 1,654 sqft
    2018-12-01 0 days 1,761 sqft
    2019-01-01 0 days 1,687 sqft
    2019-02-01 0 days 1,752 sqft
    2019-03-01 0 days 1,707 sqft
    2019-04-01 0 days 1,658 sqft
    2019-05-01 0 days 1,624 sqft
    2019-06-01 0 days 1,555 sqft
    2019-07-01 0 days 1,572 sqft
    2019-08-01 0 days 1,572 sqft
    2019-09-01 0 days 1,547 sqft
    2019-10-01 0 days 1,528 sqft
    2019-11-01 0 days 1,482 sqft
    2019-12-01 0 days 1,498 sqft
    2020-01-01 0 days 1,460 sqft
    2020-02-01 0 days 1,472 sqft
    2020-03-01 0 days 1,454 sqft
    2020-04-01 0 days 1,543 sqft
    2020-05-01 0 days 1,680 sqft
    2020-06-01 0 days 1,770 sqft
    2020-07-01 0 days 1,780 sqft
    2020-08-01 0 days 1,785 sqft
    2020-09-01 0 days 2,026 sqft
    2020-10-01 0 days 2,000 sqft
    2020-11-01 0 days 1,571 sqft
    2020-12-01 0 days 1,577 sqft
    2021-01-01 0 days 1,750 sqft
    2021-02-01 0 days 1,540 sqft
    2021-03-01 0 days 1,958 sqft
    2021-04-01 0 days 1,773 sqft
    2021-05-01 0 days 1,715 sqft
    2021-06-01 0 days 1,609 sqft
    2021-07-01 0 days 1,728 sqft
    2021-08-01 0 days 1,480 sqft
    2021-09-01 0 days 1,467 sqft
    2021-10-01 0 days 1,473 sqft
    2021-11-01 0 days 1,476 sqft
    2021-12-01 0 days 1,482 sqft
    2022-01-01 0 days 1,501 sqft
    2022-02-01 0 days 1,561 sqft
    2022-03-01 0 days 1,555 sqft
    2022-04-01 0 days 1,609 sqft
    2022-05-01 0 days 1,594 sqft
    2022-06-01 0 days 1,606 sqft
    2022-07-01 0 days 1,584 sqft
    2022-08-01 0 days 1,577 sqft
    2022-09-01 0 days 1,498 sqft
    2022-10-01 0 days 1,528 sqft
    2022-11-01 0 days 1,551 sqft
    2022-12-01 0 days 1,528 sqft
    2023-01-01 0 days 1,508 sqft
    2023-02-01 0 days 1,481 sqft
    2023-03-01 0 days 1,587 sqft
    2023-04-01 0 days 1,587 sqft
    2023-05-01 0 days 1,643 sqft
    2023-06-01 0 days 1,502 sqft
    2023-07-01 0 days 1,724 sqft
    2023-08-01 0 days 1,739 sqft
    2023-09-01 0 days 1,584 sqft
    2023-10-01 0 days 1,672 sqft
    2023-11-01 0 days 1,671 sqft
    2023-12-01 0 days 1,637 sqft
    2024-01-01 0 days 1,621 sqft
    2024-02-01 0 days 1,631 sqft
    2024-03-01 0 days 1,535 sqft
    2024-04-01 0 days 1,498 sqft
    2024-05-01 0 days 1,515 sqft
    2024-06-01 0 days 1,522 sqft
    2024-07-01 0 days 1,523 sqft
    2024-08-01 0 days 1,539 sqft
    2024-09-01 0 days 1,541 sqft
    2024-10-01 0 days 1,539 sqft
    Defiance's median listing age (time on market) for 2024-10-01 was 0 days.

    Defiance's median square footage for active listings during the 2024-10-01 period was 1,539 sqft. One year prior, the average listing was 1,672 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.