Huntington VA Loans

HUNTINGTON-ASHLAND, WV-KY-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.

    Huntington's 79 lenders originated 839 VA loans during 2021. The total origination value was $165,795,000, with an average VA loan value of $197,610.

    Huntington VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Huntington averaged 5.52% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

    The average rate for the prior week (2022-05-06) was 5.45% and one month ago for the week of 2022-04-08, the average rate was 4.97%.

    The average rate one year ago was 3.09%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.61%.

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

    Huntington 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 Huntington level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Mortgage Research Center, LLC 121 2.95% $3,976
    QUICKEN LOANS, LLC 81 2.53% $3,656
    FREEDOM MORTGAGE CORPORATION 47 2.51% $2,071
    MOVEMENT MORTGAGE, LLC 46 2.93% $4,663
    First Option Mortgage, LLC 28 3.26% $2,813
    PRIMELENDING, A PLAINSCAPITAL COMPANY 26 3.14% $4,759
    LOANDEPOT.COM, LLC 25 2.95% $5,675
    USAA Federal Savings Bank 23 2.82% $5,463
    VILLAGE CAPITAL & INVESTMENT LLC 22 2.55% $2,779
    NAVY FEDERAL CREDIT UNION 21 2.52% $4,084
    NEW DAY FINANCIAL, LLC 20 2.90% $5,618
    CALIBER HOME LOANS, INC. 17 2.75% $3,664
    Victorian Finance, LLC 13 2.64% $6,297
    LAKEVIEW LOAN SERVICING, LLC 12 2.72% $1,864
    Barrington Bank & Trust Company, N.A. 11 2.90% $4,279
    PENNYMAC LOAN SERVICES, LLC 11 2.82% $3,460
    Low VA Rates, LLC 11 2.50% $3,642
    Gateway First Bank 9 3.06% $3,592
    Mr. Cooper ( Nationstar Mortgage ) 8 3.17% $4,610
    MID AMERICA MORTGAGE, INC. 8 3.22% $3,772
    The Federal Savings Bank 8 2.52% $5,442
    Wells Fargo Bank 7 2.80% $3,170
    PLANET HOME LENDING, LLC 7 2.52% $4,379
    The Huntington National Bank 6 2.88% $6,850
    DESCO 5 3.08% $2,231
    AMERISAVE MORTGAGE CORPORATION 5 2.85% $4,064
    BROKER SOLUTIONS, INC. 5 2.80% $3,055
    HOME POINT FINANCIAL CORPORATION 5 2.40% $2,718
    Hometown Lenders, Inc. 5 2.83% $6,932
    SUN WEST MORTGAGE COMPANY, INC. 5 2.33% $2,014
    Truist Bank 5 2.78% $5,229
    UNION HOME MORTGAGE CORP. 5 2.93% $8,347
    U.S. Bank 5 2.70% $6,016
    STOCKTON MORTGAGE CORPORATION 4 3.31% $6,420
    Fifth Third Bank 4 2.63% $4,051
    AMERICAN MORTGAGE SERVICE COMPANY 4 2.69% $3,296
    ASHLAND Credit Union 3 2.92% $9,814
    NP, Inc. 3 2.29% $5,793
    CLEARPATH LENDING 3 2.25% $2,278
    BAYSHORE MORTGAGE FUNDING, LLC 3 3.00% $4,359
    United Bank 3 2.46% $2,783
    PNC Bank 3 2.92% $1,827
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.06% $12,088
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 2.94% $7,265
    NBKC BANK 2 2.25% $1,563
    First Guaranty Mortgage Corporation 2 2.56% $2,834
    North American Savings Bank, F.S.B. 2 2.25% $472
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.50% $1,526
    Carrington Mortgage Services, LLC 2 2.75% $4,918
    PENTAGON FEDERAL CREDIT UNION 2 2.25% $3,942
    First Federal Bank 2 4.62% $8,852
    Vellum Mortgage, Inc. 1 2.88% $23,729
    Strong Home Mortgage, LLC 1 2.25% $2,234
    Triumph Bank 1 2.25% $2,565
    AMERICAN FINANCIAL RESOURCES, INC. 1 2.63% $3,918
    UNITED WHOLESALE MORTGAGE, LLC 1 2.63% $8,441
    Armed Forces Bank 1 2.88% $2,492
    GoPrime Mortgage, Inc. 1 2.88% $5,528
    WesBanco Bank, Inc. 1 2.63% $2,571
    HOMESIDE FINANCIAL, LLC 1 3.25% $5,558
    HOMESPIRE MORTGAGE CORPORATION 1 2.88% $3,613
    SIWELL, INC. 1 2.75% $3,112
    Ixonia Bank 1 2.25% $2,611
    JPMorgan Chase Bank 1 2.75% $500
    KS StateBank 1 2.25% $1,659
    FINANCE OF AMERICA MORTGAGE LLC 1 2.75% $6,087
    Magnolia Bank 1 2.38% $3,060
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.88% $6,696
    EQUITY RESOURCES, INC. 1 2.99% $3,619
    AMERICAN FINANCIAL NETWORK, INC. 1 2.75% $12,154
    CRESCENT MORTGAGE COMPANY 1 2.50% $2,284
    CONTOUR MORTGAGE CORPORATION 1 2.63% $1,248
    Colonial Savings, F.A. 1 3.38% $1,375
    NEWREZ LLC 1 2.75% $3,691
    Paramount Residential Mortgage Group, Inc. 1 3.50% $6,271
    PHH Mortgage Corporation 1 2.88% $1,698
    CHURCHILL MORTGAGE CORPORATION 1 3.25% $4,109
    POLARIS HOME FUNDING CORP. 1 3.50% $6,120
    RELIANCE FIRST CAPITAL, LLC 1 2.75% $5,420

    The top Huntington VA lender as defined by loan originations is Mortgage Research Center, LLC, with 121 VA loans originated. Their average total fees are $3,976, which is $320 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Huntington VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($1,864), FREEDOM MORTGAGE CORPORATION ($2,071), VILLAGE CAPITAL & INVESTMENT LLC ($2,779), First Option Mortgage, LLC ($2,813) and PENNYMAC LOAN SERVICES, LLC ($3,460).

    The lowest rate Huntington VA lenders (with over 10 loans originated) are Low VA Rates, LLC (2.50%), FREEDOM MORTGAGE CORPORATION (2.51%), NAVY FEDERAL CREDIT UNION (2.52%), QUICKEN LOANS, LLC (2.53%) and VILLAGE CAPITAL & INVESTMENT LLC (2.55%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Huntington (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 $141,950 (1.5%) $197,305 (4.2%) 0.52 1,741
    2018-02-01 $144,950 (4.3%) $202,568 (7.7%) 0.52 1,722
    2018-03-01 $149,000 (6.5%) $205,113 (8.3%) 0.52 1,727
    2018-04-01 $149,450 (5.3%) $203,794 (4.6%) 0.50 1,743
    2018-05-01 $149,900 (3.6%) $207,054 (5.0%) 0.50 1,770
    2018-06-01 $154,900 (4.0%) $207,210 (3.9%) 0.52 1,853
    2018-07-01 $159,350 (10.0%) $209,011 (5.1%) 0.53 1,903
    2018-08-01 $154,950 (4.0%) $208,153 (5.8%) 0.52 1,931
    2018-09-01 $155,000 (6.9%) $206,107 (5.8%) 0.52 1,907
    2018-10-01 $153,450 (7.4%) $201,921 (3.6%) 0.51 1,863
    2018-11-01 $149,975 (7.2%) $197,955 (1.4%) 0.50 1,861
    2018-12-01 $149,000 (6.4%) $196,769 (0.3%) 0.51 1,806
    2019-01-01 $145,000 (2.2%) $194,235 (-1.6%) 0.50 1,696
    2019-02-01 $144,400 (-0.4%) $193,579 (-4.4%) 0.48 1,670
    2019-03-01 $143,471 (-3.7%) $196,203 (-4.3%) 0.47 1,683
    2019-04-01 $143,971 (-3.7%) $199,994 (-1.9%) 0.45 1,672
    2019-05-01 $148,000 (-1.3%) $204,650 (-1.2%) 0.46 1,637
    2019-06-01 $149,900 (-3.2%) $203,587 (-1.8%) 0.46 1,650
    2019-07-01 $149,900 (-5.9%) $199,814 (-4.4%) 0.47 1,678
    2019-08-01 $149,900 (-3.3%) $201,524 (-3.2%) 0.47 1,734
    2019-09-01 $149,900 (-3.3%) $202,903 (-1.6%) 0.48 1,759
    2019-10-01 $147,000 (-4.2%) $200,684 (-0.6%) 0.47 1,724
    2019-11-01 $142,500 (-5.0%) $203,560 (2.8%) 0.46 1,660
    2019-12-01 $139,900 (-6.1%) $200,507 (1.9%) 0.47 1,605
    2020-01-01 $138,500 (-4.5%) $199,326 (2.6%) 0.46 1,502
    2020-02-01 $139,900 (-3.1%) $200,925 (3.8%) 0.45 1,460
    2020-03-01 $134,950 (-5.9%) $197,015 (0.4%) 0.42 1,378
    2020-04-01 $135,000 (-6.2%) $199,259 (-0.4%) 0.42 1,326
    2020-05-01 $135,000 (-8.8%) $199,976 (-2.3%) 0.41 1,208
    2020-06-01 $152,200 (1.5%) $217,266 (6.7%) 0.44 1,063
    2020-07-01 $154,950 (3.4%) $214,546 (7.4%) 0.44 1,028
    2020-08-01 $149,900 (0.0%) $215,799 (7.1%) 0.43 902
    2020-09-01 $150,000 (0.1%) $218,371 (7.6%) 0.43 850
    2020-10-01 $149,900 (2.0%) $214,814 (7.0%) 0.43 839
    2020-11-01 $143,700 (0.8%) $205,487 (1.0%) 0.41 796
    2020-12-01 $139,900 (0.0%) $198,934 (-0.8%) 0.41 763
    2021-01-01 $136,000 (-1.8%) $193,134 (-3.1%) 0.40 712
    2021-02-01 $129,450 (-7.5%) $185,600 (-7.6%) 0.37 635
    2021-03-01 $125,000 (-7.4%) $189,346 (-3.9%) 0.35 589
    2021-04-01 $118,750 (-12.0%) $190,197 (-4.6%) 0.32 555
    2021-05-01 $124,900 (-7.5%) $198,619 (-0.7%) 0.33 538
    2021-06-01 $134,000 (-12.0%) $208,609 (-4.0%) 0.35 492
    2021-07-01 $144,700 (-6.6%) $221,158 (3.1%) 0.38 527
    2021-08-01 $150,000 (0.1%) $220,075 (2.0%) 0.39 585
    2021-09-01 $152,450 (1.6%) $222,587 (1.9%) 0.40 582
    2021-10-01 $149,900 (0.0%) $217,933 (1.5%) 0.39 634
    2021-11-01 $152,200 (5.9%) $217,701 (5.9%) 0.40 644
    2021-12-01 $152,450 (9.0%) $219,733 (10.5%) 0.41 606
    2022-01-01 $145,000 (6.6%) $215,647 (11.7%) 0.39 529
    2022-02-01 $139,950 (8.1%) $217,410 (17.1%) 0.36 455
    2022-03-01 $149,900 (19.9%) $242,565 (28.1%) 0.37 416
    2022-04-01 $164,900 (38.9%) $274,307 (44.2%) 0.39 395
    Huntington's median listing price for 2022-04-01 was $164,900, a difference of $46,150 (38.9%) versus the prior year and $15,000 versus the prior month.

    Huntington's median listing price comes in at 39% of the national average.

    Huntington's average listing price for 2022-04-01 was $274,307, a difference of $84,110 (44.2%) versus the prior year and $31,742 versus the prior month.

    For the 2022-04-01 period, Huntington had 395 MLS listings, a difference of -21 listings (-5%) versus the prior month and -160 listings (-29%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Huntington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 117 days 1,796 sqft
    2018-02-01 113 days 1,800 sqft
    2018-03-01 101 days 1,800 sqft
    2018-04-01 86 days 1,806 sqft
    2018-05-01 84 days 1,834 sqft
    2018-06-01 88 days 1,868 sqft
    2018-07-01 88 days 1,865 sqft
    2018-08-01 86 days 1,874 sqft
    2018-09-01 86 days 1,880 sqft
    2018-10-01 93 days 1,878 sqft
    2018-11-01 98 days 1,857 sqft
    2018-12-01 103 days 1,852 sqft
    2019-01-01 114 days 1,845 sqft
    2019-02-01 111 days 1,800 sqft
    2019-03-01 105 days 1,797 sqft
    2019-04-01 87 days 1,797 sqft
    2019-05-01 83 days 1,801 sqft
    2019-06-01 80 days 1,812 sqft
    2019-07-01 85 days 1,822 sqft
    2019-08-01 84 days 1,821 sqft
    2019-09-01 82 days 1,822 sqft
    2019-10-01 86 days 1,804 sqft
    2019-11-01 91 days 1,788 sqft
    2019-12-01 103 days 1,776 sqft
    2020-01-01 114 days 1,764 sqft
    2020-02-01 109 days 1,768 sqft
    2020-03-01 102 days 1,740 sqft
    2020-04-01 95 days 1,736 sqft
    2020-05-01 98 days 1,764 sqft
    2020-06-01 95 days 1,902 sqft
    2020-07-01 77 days 1,904 sqft
    2020-08-01 80 days 1,872 sqft
    2020-09-01 77 days 1,898 sqft
    2020-10-01 72 days 1,900 sqft
    2020-11-01 72 days 1,831 sqft
    2020-12-01 80 days 1,767 sqft
    2021-01-01 91 days 1,728 sqft
    2021-02-01 95 days 1,616 sqft
    2021-03-01 83 days 1,596 sqft
    2021-04-01 72 days 1,592 sqft
    2021-05-01 49 days 1,620 sqft
    2021-06-01 55 days 1,711 sqft
    2021-07-01 57 days 1,714 sqft
    2021-08-01 45 days 1,714 sqft
    2021-09-01 53 days 1,733 sqft
    2021-10-01 53 days 1,673 sqft
    2021-11-01 56 days 1,652 sqft
    2021-12-01 65 days 1,651 sqft
    2022-01-01 79 days 1,620 sqft
    2022-02-01 84 days 1,608 sqft
    2022-03-01 66 days 1,729 sqft
    2022-04-01 52 days 1,817 sqft
    Huntington's median listing age (time on market) for 2022-04-01 was 52 days. This is -28% shorter than the same period one year ago.

    Huntington's median square footage for active listings during the 2022-04-01 period was 1,817 sqft. One year prior, the average listing was 1,592 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.