Defiance VA Loan Rates, Closing Costs & Stats

Defiance, 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.

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 6.97% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

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

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 6.49%.

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
Defiance's median listing price for 2024-05-01 was $206,225, a difference of $41,325 (25.1%) versus the prior year and $26,250 versus the prior month.

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

Defiance's average listing price for 2024-05-01 was $232,316, a difference of $23,796 (11.4%) versus the prior year and $17,826 versus the prior month.

For the 2024-05-01 period, Defiance had 26 MLS listings, a difference of -4 listings (-13%) versus the prior month and -6 listings (-19%) 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
Defiance's median listing age (time on market) for 2024-05-01 was 0 days.

Defiance's median square footage for active listings during the 2024-05-01 period was 1,515 sqft. One year prior, the average listing was 1,643 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.