Jackson VA Loan Rates, Closing Costs & Stats
Jackson, 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.
Jackson's 14 lenders originated 26 VA loans during 2023. The total origination value was $5,860,000, with an average VA loan value of $225,385.
Jackson VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Jackson
averaged
6.14%
for the week of 2024-10-04, compared to the national average (all VA variants) of
5.596% for the same period.
Jackson's average VA mortgage closing costs are $4,647.
The average rate for the prior week (2024-09-27) was
6.06% and
one month ago for the week of 2024-08-30, the
average rate was 5.99%.
The average rate one year ago was 7.52%.
For refis of the same type during the week of 2024-10-04, the average rate
was 5.4%.
Jackson 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 Jackson level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
Mortgage Research Center, LLC | 7 | 6.71% | $3,290 |
Paramount Residential Mortgage Group, Inc. | 4 | 6.91% | $7,864 |
WesBanco | 2 | 5.94% | $2,541 |
QUICKEN LOANS, LLC | 2 | 5.81% | $5,620 |
RAPID MORTGAGE COMPANY | 2 | 7.13% | $8,073 |
NAVY FEDERAL CREDIT UNION | 1 | 5.88% | $2,489 |
GUARANTEED RATE, INC. | 1 | 6.13% | $625 |
USAA Federal Savings Bank | 1 | 5.88% | $21,913 |
Flagstar Bank, FSB | 1 | 6.13% | $3,597 |
The Federal Savings Bank | 1 | 7.75% | $6,197 |
The Huntington National Bank | 1 | 5.88% | $1,225 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.63% | $8,910 |
LOANDEPOT.COM, LLC | 1 | 5.63% | $8,466 |
MOVEMENT MORTGAGE, LLC | 1 | 5.50% | $9,067 |
The top Jackson VA lender as defined by loan originations is Mortgage Research Center, LLC, with
7 VA loans originated. Their average total fees are
$3,290, which is $4,575
lower than the next largest lender,
Paramount Residential Mortgage Group, Inc..
The lowest fee Jackson VA lenders (with over 10 loans originated) are
.
The lowest rate Jackson VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Jackson (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $105,300 (21.7%) | $148,400 (6.0%) | 0.00 | 145 |
2018-02-01 | $114,900 (22.7%) | $150,495 (5.1%) | 0.00 | 148 |
2018-03-01 | $119,500 (31.0%) | $153,672 (15.0%) | 0.00 | 157 |
2018-04-01 | $119,900 (26.3%) | $160,398 (10.8%) | 0.00 | 159 |
2018-05-01 | $117,300 (18.1%) | $177,184 (17.9%) | 0.00 | 157 |
2018-06-01 | $114,900 (6.9%) | $171,353 (14.5%) | 0.00 | 162 |
2018-07-01 | $114,900 (18.5%) | $167,774 (18.2%) | 0.00 | 159 |
2018-08-01 | $119,100 (17.8%) | $171,596 (16.2%) | 0.00 | 170 |
2018-09-01 | $119,000 (40.0%) | $169,904 (20.3%) | 0.00 | 173 |
2018-10-01 | $123,825 (19.0%) | $168,842 (10.8%) | 0.00 | 177 |
2018-11-01 | $122,388 (6.5%) | $171,601 (12.9%) | 0.00 | 171 |
2018-12-01 | $119,700 (19.8%) | $170,575 (16.0%) | 0.00 | 172 |
2019-01-01 | $111,800 (6.2%) | $155,190 (4.6%) | 0.00 | 158 |
2019-02-01 | $118,625 (3.2%) | $157,366 (4.6%) | 0.00 | 148 |
2019-03-01 | $122,043 (2.1%) | $168,663 (9.8%) | 0.00 | 133 |
2019-04-01 | $118,343 (-1.3%) | $177,587 (10.7%) | 0.00 | 120 |
2019-05-01 | $117,600 (0.3%) | $182,201 (2.8%) | 0.00 | 118 |
2019-06-01 | $124,900 (8.7%) | $178,201 (4.0%) | 0.00 | 130 |
2019-07-01 | $117,850 (2.6%) | $168,655 (0.5%) | 0.00 | 121 |
2019-08-01 | $115,245 (-3.2%) | $157,479 (-8.2%) | 0.00 | 118 |
2019-09-01 | $117,864 (-1.0%) | $147,752 (-13.0%) | 0.00 | 119 |
2019-10-01 | $119,900 (-3.2%) | $141,196 (-16.4%) | 0.00 | 122 |
2019-11-01 | $110,000 (-10.1%) | $146,369 (-14.7%) | 0.00 | 130 |
2019-12-01 | $119,900 (0.2%) | $179,658 (5.3%) | 0.00 | 108 |
2020-01-01 | $112,475 (0.6%) | $176,175 (13.5%) | 0.00 | 87 |
2020-02-01 | $110,000 (-7.3%) | $170,202 (8.2%) | 0.00 | 95 |
2020-03-01 | $128,925 (5.6%) | $183,922 (9.1%) | 0.00 | 97 |
2020-04-01 | $146,425 (23.7%) | $196,374 (10.6%) | 0.00 | 95 |
2020-05-01 | $154,450 (31.3%) | $200,431 (10.0%) | 0.00 | 84 |
2020-06-01 | $124,675 (-0.2%) | $180,448 (1.3%) | 0.00 | 80 |
2020-07-01 | $128,225 (8.8%) | $187,355 (11.1%) | 0.00 | 84 |
2020-08-01 | $149,900 (30.1%) | $223,494 (41.9%) | 0.00 | 93 |
2020-09-01 | $145,000 (23.0%) | $230,214 (55.8%) | 0.00 | 87 |
2020-10-01 | $143,700 (19.9%) | $215,713 (52.8%) | 0.00 | 85 |
2020-11-01 | $127,100 (15.6%) | $201,281 (37.5%) | 0.00 | 95 |
2020-12-01 | $126,750 (5.7%) | $202,793 (12.9%) | 0.00 | 101 |
2021-01-01 | $140,000 (24.5%) | $206,321 (17.1%) | 0.00 | 94 |
2021-02-01 | $157,750 (43.4%) | $214,087 (25.8%) | 0.00 | 83 |
2021-03-01 | $155,000 (20.2%) | $182,852 (-0.6%) | 0.00 | 76 |
2021-04-01 | $155,000 (5.9%) | $180,514 (-8.1%) | 0.00 | 61 |
2021-05-01 | $159,900 (3.5%) | $195,868 (-2.3%) | 0.00 | 52 |
2021-06-01 | $141,225 (13.3%) | $186,277 (3.2%) | 0.00 | 50 |
2021-07-01 | $154,000 (20.1%) | $187,363 (0.0%) | 0.00 | 56 |
2021-08-01 | $154,000 (2.7%) | $200,085 (-10.5%) | 0.00 | 62 |
2021-09-01 | $160,750 (10.9%) | $214,934 (-6.6%) | 0.00 | 60 |
2021-10-01 | $150,000 (4.4%) | $206,818 (-4.1%) | 0.00 | 66 |
2021-11-01 | $149,875 (17.9%) | $200,029 (-0.6%) | 0.00 | 62 |
2021-12-01 | $157,250 (24.1%) | $210,114 (3.6%) | 0.00 | 61 |
2022-01-01 | $157,000 (12.1%) | $209,079 (1.3%) | 0.00 | 56 |
2022-02-01 | $149,475 (-5.3%) | $212,972 (-0.5%) | 0.00 | 55 |
2022-03-01 | $158,000 (1.9%) | $227,173 (24.2%) | 0.00 | 50 |
2022-04-01 | $159,000 (2.6%) | $221,086 (22.5%) | 0.00 | 47 |
2022-05-01 | $172,750 (8.0%) | $233,374 (19.2%) | 0.00 | 50 |
2022-06-01 | $182,900 (29.5%) | $230,215 (23.6%) | 0.00 | 66 |
2022-07-01 | $199,000 (29.2%) | $248,638 (32.7%) | 0.00 | 64 |
2022-08-01 | $218,000 (41.6%) | $270,575 (35.2%) | 0.00 | 69 |
2022-09-01 | $205,375 (27.8%) | $252,409 (17.4%) | 0.00 | 79 |
2022-10-01 | $195,400 (30.3%) | $244,742 (18.3%) | 0.00 | 85 |
2022-11-01 | $224,000 (49.5%) | $244,318 (22.1%) | 0.00 | 96 |
2022-12-01 | $209,900 (33.5%) | $246,457 (17.3%) | 0.00 | 93 |
2023-01-01 | $190,900 (21.6%) | $242,988 (16.2%) | 0.00 | 79 |
2023-02-01 | $219,000 (46.5%) | $252,647 (18.6%) | 0.00 | 74 |
2023-03-01 | $217,975 (38.0%) | $262,848 (15.7%) | 0.00 | 67 |
2023-04-01 | $219,000 (37.7%) | $259,259 (17.3%) | 0.00 | 55 |
2023-05-01 | $237,450 (37.5%) | $265,962 (14.0%) | 0.00 | 63 |
2023-06-01 | $234,950 (28.5%) | $280,849 (22.0%) | 0.00 | 72 |
2023-07-01 | $229,000 (15.1%) | $275,894 (11.0%) | 0.00 | 76 |
2023-08-01 | $226,725 (4.0%) | $267,447 (-1.2%) | 0.00 | 75 |
2023-09-01 | $219,900 (7.1%) | $280,692 (11.2%) | 0.00 | 77 |
2023-10-01 | $229,950 (17.7%) | $302,990 (23.8%) | 0.00 | 72 |
2023-11-01 | $199,950 (-10.7%) | $294,634 (20.6%) | 0.00 | 70 |
2023-12-01 | $199,950 (-4.7%) | $292,725 (18.8%) | 0.00 | 61 |
2024-01-01 | $204,500 (7.1%) | $291,331 (19.9%) | 0.00 | 57 |
2024-02-01 | $202,950 (-7.3%) | $294,136 (16.4%) | 0.00 | 60 |
2024-03-01 | $199,900 (-8.3%) | $274,365 (4.4%) | 0.00 | 55 |
2024-04-01 | $207,950 (-5.1%) | $235,657 (-9.1%) | 0.00 | 68 |
2024-05-01 | $239,450 (0.8%) | $260,958 (-1.9%) | 0.00 | 74 |
2024-06-01 | $249,900 (6.4%) | $279,314 (-0.6%) | 0.00 | 78 |
2024-07-01 | $246,975 (7.9%) | $261,434 (-5.2%) | 0.00 | 81 |
2024-08-01 | $239,450 (5.6%) | $264,680 (-1.0%) | 0.00 | 80 |
2024-09-01 | $249,925 (13.7%) | $272,637 (-2.9%) | 0.00 | 91 |
Jackson's median listing price comes in at 0% of the national average.
Jackson's average listing price for 2024-09-01 was $272,637, a difference of $-8,055 (-2.9%) versus the prior year and $7,957 versus the prior month.
For the 2024-09-01 period, Jackson had 91 MLS listings, a difference of 11 listings (14%) versus the prior month and 14 listings (18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Jackson (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,511 sqft |
2018-02-01 | 0 days | 1,521 sqft |
2018-03-01 | 0 days | 1,524 sqft |
2018-04-01 | 0 days | 1,527 sqft |
2018-05-01 | 0 days | 1,537 sqft |
2018-06-01 | 0 days | 1,520 sqft |
2018-07-01 | 0 days | 1,513 sqft |
2018-08-01 | 0 days | 1,544 sqft |
2018-09-01 | 0 days | 1,544 sqft |
2018-10-01 | 0 days | 1,607 sqft |
2018-11-01 | 0 days | 1,633 sqft |
2018-12-01 | 0 days | 1,514 sqft |
2019-01-01 | 0 days | 1,507 sqft |
2019-02-01 | 0 days | 1,512 sqft |
2019-03-01 | 0 days | 1,566 sqft |
2019-04-01 | 0 days | 1,566 sqft |
2019-05-01 | 0 days | 1,574 sqft |
2019-06-01 | 0 days | 1,662 sqft |
2019-07-01 | 0 days | 1,628 sqft |
2019-08-01 | 0 days | 1,491 sqft |
2019-09-01 | 0 days | 1,494 sqft |
2019-10-01 | 0 days | 1,497 sqft |
2019-11-01 | 0 days | 1,528 sqft |
2019-12-01 | 0 days | 1,620 sqft |
2020-01-01 | 0 days | 1,603 sqft |
2020-02-01 | 0 days | 1,503 sqft |
2020-03-01 | 0 days | 1,556 sqft |
2020-04-01 | 0 days | 1,727 sqft |
2020-05-01 | 0 days | 1,680 sqft |
2020-06-01 | 0 days | 1,607 sqft |
2020-07-01 | 0 days | 1,536 sqft |
2020-08-01 | 0 days | 1,578 sqft |
2020-09-01 | 0 days | 1,619 sqft |
2020-10-01 | 0 days | 1,526 sqft |
2020-11-01 | 0 days | 1,526 sqft |
2020-12-01 | 0 days | 1,606 sqft |
2021-01-01 | 0 days | 1,622 sqft |
2021-02-01 | 0 days | 1,640 sqft |
2021-03-01 | 0 days | 1,589 sqft |
2021-04-01 | 0 days | 1,602 sqft |
2021-05-01 | 0 days | 1,634 sqft |
2021-06-01 | 0 days | 1,600 sqft |
2021-07-01 | 0 days | 1,637 sqft |
2021-08-01 | 0 days | 1,650 sqft |
2021-09-01 | 0 days | 1,658 sqft |
2021-10-01 | 0 days | 1,602 sqft |
2021-11-01 | 0 days | 1,597 sqft |
2021-12-01 | 0 days | 1,597 sqft |
2022-01-01 | 0 days | 1,590 sqft |
2022-02-01 | 0 days | 1,589 sqft |
2022-03-01 | 0 days | 1,516 sqft |
2022-04-01 | 0 days | 1,456 sqft |
2022-05-01 | 0 days | 1,542 sqft |
2022-06-01 | 0 days | 1,534 sqft |
2022-07-01 | 0 days | 1,563 sqft |
2022-08-01 | 0 days | 1,696 sqft |
2022-09-01 | 0 days | 1,580 sqft |
2022-10-01 | 0 days | 1,579 sqft |
2022-11-01 | 0 days | 1,671 sqft |
2022-12-01 | 0 days | 1,638 sqft |
2023-01-01 | 0 days | 1,637 sqft |
2023-02-01 | 0 days | 1,631 sqft |
2023-03-01 | 0 days | 1,654 sqft |
2023-04-01 | 0 days | 1,700 sqft |
2023-05-01 | 0 days | 1,699 sqft |
2023-06-01 | 0 days | 1,734 sqft |
2023-07-01 | 0 days | 1,796 sqft |
2023-08-01 | 0 days | 1,798 sqft |
2023-09-01 | 0 days | 1,774 sqft |
2023-10-01 | 0 days | 1,766 sqft |
2023-11-01 | 0 days | 1,605 sqft |
2023-12-01 | 0 days | 1,584 sqft |
2024-01-01 | 0 days | 1,613 sqft |
2024-02-01 | 0 days | 1,666 sqft |
2024-03-01 | 0 days | 1,680 sqft |
2024-04-01 | 0 days | 1,697 sqft |
2024-05-01 | 0 days | 1,730 sqft |
2024-06-01 | 0 days | 1,717 sqft |
2024-07-01 | 0 days | 1,722 sqft |
2024-08-01 | 0 days | 1,564 sqft |
2024-09-01 | 0 days | 1,652 sqft |
Jackson's median square footage for active listings during the 2024-09-01 period was 1,652 sqft. One year prior, the average listing was 1,774 sqft.