Marion VA Loan Rates, Closing Costs & Stats
Marion, 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.
Marion's 25 lenders originated 68 VA loans during 2023. The total origination value was $12,870,000, with an average VA loan value of $189,265.
Marion VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Marion
averaged
0.33%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Marion's average VA mortgage closing costs are $5,232.
The average rate for the prior week (2024-11-22) was
6.9% and
one month ago for the week of 2024-10-25, the
average rate was 6.39%.
The average rate one year ago was 7.44%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0%.
Marion 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 Marion level.
The top Marion VA lender as defined by loan originations is Mortgage Research Center, LLC, with
11 VA loans originated. Their average total fees are
$6,115, which is $838
lower than the next largest lender,
UNION HOME MORTGAGE CORP..
The lowest fee Marion VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($6,115), .
The lowest rate Marion VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.82%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Marion (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 | $79,400 (-5.6%) | $121,146 (9.0%) | 0.00 | 135 |
2018-02-01 | $79,650 (-0.4%) | $126,444 (11.2%) | 0.00 | 132 |
2018-03-01 | $78,950 (-1.3%) | $126,265 (10.1%) | 0.00 | 128 |
2018-04-01 | $79,425 (-0.1%) | $134,571 (22.4%) | 0.00 | 109 |
2018-05-01 | $88,663 (11.9%) | $132,892 (19.0%) | 0.00 | 112 |
2018-06-01 | $94,500 (8.7%) | $139,920 (13.6%) | 0.00 | 129 |
2018-07-01 | $99,200 (12.8%) | $142,133 (13.7%) | 0.00 | 142 |
2018-08-01 | $91,450 (5.8%) | $135,050 (6.6%) | 0.00 | 168 |
2018-09-01 | $91,900 (15.0%) | $129,849 (5.9%) | 0.00 | 167 |
2018-10-01 | $88,675 (13.1%) | $126,916 (0.9%) | 0.00 | 159 |
2018-11-01 | $84,225 (10.4%) | $117,602 (1.1%) | 0.00 | 162 |
2018-12-01 | $74,900 (0.0%) | $110,366 (-5.8%) | 0.00 | 152 |
2019-01-01 | $74,900 (-5.7%) | $103,412 (-14.6%) | 0.00 | 134 |
2019-02-01 | $79,900 (0.3%) | $106,028 (-16.2%) | 0.00 | 117 |
2019-03-01 | $79,357 (0.5%) | $109,586 (-13.2%) | 0.00 | 106 |
2019-04-01 | $78,900 (-0.7%) | $112,892 (-16.1%) | 0.00 | 96 |
2019-05-01 | $91,475 (3.2%) | $133,149 (0.2%) | 0.00 | 97 |
2019-06-01 | $89,900 (-4.9%) | $141,781 (1.3%) | 0.00 | 112 |
2019-07-01 | $91,500 (-7.8%) | $149,466 (5.2%) | 0.00 | 108 |
2019-08-01 | $102,960 (12.6%) | $152,309 (12.8%) | 0.00 | 112 |
2019-09-01 | $106,920 (16.3%) | $151,769 (16.9%) | 0.00 | 120 |
2019-10-01 | $109,950 (24.0%) | $150,691 (18.7%) | 0.00 | 133 |
2019-11-01 | $109,900 (30.5%) | $149,253 (26.9%) | 0.00 | 137 |
2019-12-01 | $94,688 (26.4%) | $145,689 (32.0%) | 0.00 | 128 |
2020-01-01 | $89,900 (20.0%) | $144,638 (39.9%) | 0.00 | 102 |
2020-02-01 | $89,500 (12.0%) | $135,351 (27.7%) | 0.00 | 93 |
2020-03-01 | $84,125 (6.0%) | $136,360 (24.4%) | 0.00 | 78 |
2020-04-01 | $87,800 (11.3%) | $137,728 (22.0%) | 0.00 | 75 |
2020-05-01 | $87,900 (-3.9%) | $149,850 (12.5%) | 0.00 | 79 |
2020-06-01 | $89,600 (-0.3%) | $136,246 (-3.9%) | 0.00 | 64 |
2020-07-01 | $96,400 (5.4%) | $153,670 (2.8%) | 0.00 | 59 |
2020-08-01 | $114,950 (11.7%) | $169,189 (11.1%) | 0.00 | 56 |
2020-09-01 | $135,400 (26.6%) | $180,316 (18.8%) | 0.00 | 54 |
2020-10-01 | $119,900 (9.1%) | $164,500 (9.2%) | 0.00 | 66 |
2020-11-01 | $138,950 (26.4%) | $176,200 (18.1%) | 0.00 | 67 |
2020-12-01 | $129,200 (36.5%) | $165,546 (13.6%) | 0.00 | 56 |
2021-01-01 | $137,200 (52.6%) | $176,741 (22.2%) | 0.00 | 41 |
2021-02-01 | $105,375 (17.7%) | $166,234 (22.8%) | 0.00 | 30 |
2021-03-01 | $93,700 (11.4%) | $159,505 (17.0%) | 0.00 | 30 |
2021-04-01 | $167,200 (90.4%) | $177,704 (29.0%) | 0.00 | 41 |
2021-05-01 | $194,900 (121.7%) | $180,897 (20.7%) | 0.00 | 52 |
2021-06-01 | $149,450 (66.8%) | $175,008 (28.5%) | 0.00 | 52 |
2021-07-01 | $129,900 (34.8%) | $163,493 (6.4%) | 0.00 | 71 |
2021-08-01 | $130,325 (13.4%) | $172,965 (2.2%) | 0.00 | 82 |
2021-09-01 | $121,800 (-10.0%) | $163,744 (-9.2%) | 0.00 | 75 |
2021-10-01 | $114,900 (-4.2%) | $151,246 (-8.1%) | 0.00 | 78 |
2021-11-01 | $124,250 (-10.6%) | $145,283 (-17.6%) | 0.00 | 78 |
2021-12-01 | $119,225 (-7.7%) | $141,677 (-14.4%) | 0.00 | 70 |
2022-01-01 | $119,900 (-12.6%) | $139,405 (-21.1%) | 0.00 | 56 |
2022-02-01 | $129,250 (22.7%) | $165,545 (-0.4%) | 0.00 | 33 |
2022-03-01 | $135,700 (44.8%) | $177,307 (11.2%) | 0.00 | 26 |
2022-04-01 | $143,500 (-14.2%) | $172,176 (-3.1%) | 0.00 | 31 |
2022-05-01 | $103,092 (-47.1%) | $147,397 (-18.5%) | 0.00 | 59 |
2022-06-01 | $111,725 (-25.2%) | $159,448 (-8.9%) | 0.00 | 74 |
2022-07-01 | $138,900 (6.9%) | $173,428 (6.1%) | 0.00 | 75 |
2022-08-01 | $154,975 (18.9%) | $197,608 (14.3%) | 0.00 | 87 |
2022-09-01 | $148,900 (22.3%) | $182,386 (11.4%) | 0.00 | 99 |
2022-10-01 | $145,000 (26.2%) | $172,198 (13.9%) | 0.00 | 110 |
2022-11-01 | $146,075 (17.6%) | $173,785 (19.6%) | 0.00 | 96 |
2022-12-01 | $139,900 (17.3%) | $169,973 (20.0%) | 0.00 | 87 |
2023-01-01 | $134,900 (12.5%) | $166,484 (19.4%) | 0.00 | 70 |
2023-02-01 | $126,225 (-2.3%) | $165,978 (0.3%) | 0.00 | 60 |
2023-03-01 | $127,450 (-6.1%) | $176,856 (-0.3%) | 0.00 | 54 |
2023-04-01 | $138,200 (-3.7%) | $174,060 (1.1%) | 0.00 | 46 |
2023-05-01 | $131,700 (27.8%) | $162,671 (10.4%) | 0.00 | 40 |
2023-06-01 | $139,950 (25.3%) | $205,864 (29.1%) | 0.00 | 48 |
2023-07-01 | $164,900 (18.7%) | $228,475 (31.7%) | 0.00 | 52 |
2023-08-01 | $195,175 (25.9%) | $239,114 (21.0%) | 0.00 | 69 |
2023-09-01 | $185,000 (24.2%) | $229,162 (25.7%) | 0.00 | 77 |
2023-10-01 | $177,500 (22.4%) | $209,160 (21.5%) | 0.00 | 82 |
2023-11-01 | $161,225 (10.4%) | $207,077 (19.2%) | 0.00 | 96 |
2023-12-01 | $171,944 (22.9%) | $205,346 (20.8%) | 0.00 | 98 |
2024-01-01 | $174,947 (29.7%) | $202,860 (21.9%) | 0.00 | 87 |
2024-02-01 | $191,225 (51.5%) | $221,336 (33.4%) | 0.00 | 77 |
2024-03-01 | $216,950 (70.2%) | $248,955 (40.8%) | 0.00 | 52 |
2024-04-01 | $243,425 (76.1%) | $271,743 (56.1%) | 0.00 | 61 |
2024-05-01 | $246,995 (87.5%) | $275,681 (69.5%) | 0.00 | 71 |
2024-06-01 | $232,400 (66.1%) | $278,827 (35.4%) | 0.00 | 71 |
2024-07-01 | $184,725 (12.0%) | $241,843 (5.9%) | 0.00 | 93 |
2024-08-01 | $191,040 (-2.1%) | $233,758 (-2.2%) | 0.00 | 105 |
2024-09-01 | $184,950 (0.0%) | $224,571 (-2.0%) | 0.00 | 122 |
2024-10-01 | $184,450 (3.9%) | $229,973 (10.0%) | 0.00 | 124 |
Marion's median listing price comes in at 0% of the national average.
Marion's average listing price for 2024-10-01 was $229,973, a difference of $20,813 (10.0%) versus the prior year and $5,402 versus the prior month.
For the 2024-10-01 period, Marion had 124 MLS listings, a difference of 2 listings (2%) versus the prior month and 42 listings (51%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Marion (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,506 sqft |
2018-02-01 | 0 days | 1,509 sqft |
2018-03-01 | 0 days | 1,513 sqft |
2018-04-01 | 0 days | 1,582 sqft |
2018-05-01 | 0 days | 1,483 sqft |
2018-06-01 | 0 days | 1,484 sqft |
2018-07-01 | 0 days | 1,478 sqft |
2018-08-01 | 0 days | 1,474 sqft |
2018-09-01 | 0 days | 1,481 sqft |
2018-10-01 | 0 days | 1,474 sqft |
2018-11-01 | 0 days | 1,464 sqft |
2018-12-01 | 0 days | 1,422 sqft |
2019-01-01 | 0 days | 1,338 sqft |
2019-02-01 | 0 days | 1,344 sqft |
2019-03-01 | 0 days | 1,337 sqft |
2019-04-01 | 0 days | 1,329 sqft |
2019-05-01 | 0 days | 1,450 sqft |
2019-06-01 | 0 days | 1,442 sqft |
2019-07-01 | 0 days | 1,444 sqft |
2019-08-01 | 0 days | 1,461 sqft |
2019-09-01 | 0 days | 1,488 sqft |
2019-10-01 | 0 days | 1,506 sqft |
2019-11-01 | 0 days | 1,509 sqft |
2019-12-01 | 0 days | 1,542 sqft |
2020-01-01 | 0 days | 1,487 sqft |
2020-02-01 | 0 days | 1,399 sqft |
2020-03-01 | 0 days | 1,429 sqft |
2020-04-01 | 0 days | 1,398 sqft |
2020-05-01 | 0 days | 1,398 sqft |
2020-06-01 | 0 days | 1,448 sqft |
2020-07-01 | 0 days | 1,496 sqft |
2020-08-01 | 0 days | 1,466 sqft |
2020-09-01 | 0 days | 1,564 sqft |
2020-10-01 | 0 days | 1,599 sqft |
2020-11-01 | 0 days | 1,666 sqft |
2020-12-01 | 0 days | 1,475 sqft |
2021-01-01 | 0 days | 1,461 sqft |
2021-02-01 | 0 days | 1,533 sqft |
2021-03-01 | 0 days | 1,493 sqft |
2021-04-01 | 0 days | 1,543 sqft |
2021-05-01 | 0 days | 1,586 sqft |
2021-06-01 | 0 days | 1,549 sqft |
2021-07-01 | 0 days | 1,476 sqft |
2021-08-01 | 0 days | 1,475 sqft |
2021-09-01 | 0 days | 1,446 sqft |
2021-10-01 | 0 days | 1,474 sqft |
2021-11-01 | 0 days | 1,396 sqft |
2021-12-01 | 0 days | 1,321 sqft |
2022-01-01 | 0 days | 1,324 sqft |
2022-02-01 | 0 days | 1,440 sqft |
2022-03-01 | 0 days | 1,393 sqft |
2022-04-01 | 0 days | 1,459 sqft |
2022-05-01 | 0 days | 1,379 sqft |
2022-06-01 | 0 days | 1,520 sqft |
2022-07-01 | 0 days | 1,500 sqft |
2022-08-01 | 0 days | 1,505 sqft |
2022-09-01 | 0 days | 1,484 sqft |
2022-10-01 | 0 days | 1,456 sqft |
2022-11-01 | 0 days | 1,426 sqft |
2022-12-01 | 0 days | 1,476 sqft |
2023-01-01 | 0 days | 1,497 sqft |
2023-02-01 | 0 days | 1,507 sqft |
2023-03-01 | 0 days | 1,536 sqft |
2023-04-01 | 0 days | 1,526 sqft |
2023-05-01 | 0 days | 1,480 sqft |
2023-06-01 | 0 days | 1,576 sqft |
2023-07-01 | 0 days | 1,592 sqft |
2023-08-01 | 0 days | 1,584 sqft |
2023-09-01 | 0 days | 1,560 sqft |
2023-10-01 | 0 days | 1,502 sqft |
2023-11-01 | 0 days | 1,430 sqft |
2023-12-01 | 0 days | 1,446 sqft |
2024-01-01 | 0 days | 1,460 sqft |
2024-02-01 | 0 days | 1,552 sqft |
2024-03-01 | 0 days | 1,614 sqft |
2024-04-01 | 0 days | 1,811 sqft |
2024-05-01 | 0 days | 1,673 sqft |
2024-06-01 | 0 days | 1,649 sqft |
2024-07-01 | 0 days | 1,563 sqft |
2024-08-01 | 0 days | 1,561 sqft |
2024-09-01 | 0 days | 1,589 sqft |
2024-10-01 | 0 days | 1,594 sqft |
Marion's median square footage for active listings during the 2024-10-01 period was 1,594 sqft. One year prior, the average listing was 1,502 sqft.