Jackson VA Loan Rates, Closing Costs & Stats

Jackson, 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.

    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 7% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Jackson's average VA mortgage closing costs are $4,647.

    The average rate for the prior week (2024-04-12) was 6.83% and one month ago for the week of 2024-03-15, the average rate was 6.59%.

    The average rate one year ago was 6.18%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    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. Louis
    Date 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
    Jackson's median listing price for 2024-03-01 was $199,900, a difference of $-18,075 (-8.3%) versus the prior year and $-3,050 versus the prior month.

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

    Jackson's average listing price for 2024-03-01 was $274,365, a difference of $11,517 (4.4%) versus the prior year and $-19,771 versus the prior month.

    For the 2024-03-01 period, Jackson had 55 MLS listings, a difference of -5 listings (-8%) versus the prior month and -12 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. Louis
    Date 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
    Jackson's median listing age (time on market) for 2024-03-01 was 0 days.

    Jackson's median square footage for active listings during the 2024-03-01 period was 1,680 sqft. One year prior, the average listing was 1,654 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.