New Philadelphia VA Loan Rates, Closing Costs & Stats

New Philadelphia-Dover, 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.

    New Philadelphia's 27 lenders originated 61 VA loans during 2023. The total origination value was $12,655,000, with an average VA loan value of $207,459.

    New Philadelphia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in New Philadelphia averaged 6.97% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    New Philadelphia's average VA mortgage closing costs are $4,921.

    The average rate for the prior week (2024-11-01) was 6.73% and one month ago for the week of 2024-10-04, the average rate was 5.95%.

    The average rate one year ago was 7.81%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.44%.

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

    New Philadelphia 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 New Philadelphia level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 17 7.03% $5,109
    Nations Lending Corporation 5 6.75% $2,199
    Republic State Mortgage Co. 3 7.58% $7,443
    QUICKEN LOANS, LLC 3 6.71% $10,368
    The Huntington National Bank 3 6.75% $3,027
    UNITED WHOLESALE MORTGAGE, LLC 3 5.71% $11,580
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.56% $6,591
    CROSSCOUNTRY MORTGAGE, LLC 2 7.00% $8,457
    PENNYMAC LOAN SERVICES, LLC 2 5.25% $2,909
    LOANDEPOT.COM, LLC 1 6.00% $8,098
    MOVEMENT MORTGAGE, LLC 1 6.75% $6,558
    NAVY FEDERAL CREDIT UNION 1 7.13% $3,747
    NEW DAY FINANCIAL, LLC 1 7.63% $3,929
    NFM, INC. 1 7.63% $9,757
    Paramount Residential Mortgage Group, Inc. 1 6.75% $7,628
    POLARIS HOME FUNDING CORP. 1 6.75% $9,538
    T2 FINANCIAL LLC 1 6.75% $14,099
    BROKER SOLUTIONS, INC. 1 6.75% $4,536
    U.S. Bank 1 7.00% $2,437
    CARDINAL FINANCIAL 1 7.25% $13,322
    CMG MORTGAGE, INC. 1 6.63% $5,717
    First Federal Savings and Loan Association of Lakewood 1 7.00% $17,017
    FREEDOM MORTGAGE CORPORATION 1 5.25% $16,911
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.13% $4,837
    Ixonia Bank 1 7.38% $1,329
    JPMorgan Chase Bank 1 7.25% $10,679
    KeyBank 1 6.88% $4,963

    The top New Philadelphia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 17 VA loans originated. Their average total fees are $5,109, which is $2,910 higher than the next largest lender, Nations Lending Corporation.

    The lowest fee New Philadelphia VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,109), .

    The lowest rate New Philadelphia VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (7.03%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - New Philadelphia (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 $117,400 (-9.6%) $157,194 (-4.8%) 0.00 191
    2018-02-01 $124,900 (-3.9%) $158,191 (-4.8%) 0.00 171
    2018-03-01 $129,900 (0.5%) $157,794 (-6.2%) 0.00 166
    2018-04-01 $137,675 (6.0%) $163,239 (-2.5%) 0.00 166
    2018-05-01 $139,450 (1.5%) $164,439 (-14.6%) 0.00 173
    2018-06-01 $144,900 (4.3%) $171,195 (-10.6%) 0.00 180
    2018-07-01 $142,325 (4.7%) $172,141 (-6.1%) 0.00 189
    2018-08-01 $149,450 (10.8%) $178,175 (0.3%) 0.00 194
    2018-09-01 $149,000 (10.5%) $181,361 (2.3%) 0.00 198
    2018-10-01 $139,450 (6.9%) $174,829 (-0.6%) 0.00 202
    2018-11-01 $127,400 (0.0%) $163,795 (-4.4%) 0.00 189
    2018-12-01 $126,400 (-2.5%) $171,455 (3.9%) 0.00 168
    2019-01-01 $119,900 (2.1%) $174,241 (10.8%) 0.00 145
    2019-02-01 $136,150 (9.0%) $179,634 (13.6%) 0.00 129
    2019-03-01 $139,900 (7.7%) $193,662 (22.7%) 0.00 128
    2019-04-01 $143,650 (4.3%) $200,254 (22.7%) 0.00 129
    2019-05-01 $137,050 (-1.7%) $184,122 (12.0%) 0.00 143
    2019-06-01 $149,900 (3.5%) $201,554 (17.7%) 0.00 139
    2019-07-01 $158,650 (11.5%) $204,579 (18.8%) 0.00 135
    2019-08-01 $152,809 (2.3%) $194,917 (9.4%) 0.00 150
    2019-09-01 $151,173 (1.5%) $189,100 (4.3%) 0.00 171
    2019-10-01 $150,082 (7.6%) $186,173 (6.5%) 0.00 189
    2019-11-01 $155,400 (22.0%) $185,685 (13.4%) 0.00 186
    2019-12-01 $159,450 (26.2%) $187,529 (9.4%) 0.00 180
    2020-01-01 $159,900 (33.4%) $185,004 (6.2%) 0.00 160
    2020-02-01 $159,900 (17.4%) $185,730 (3.4%) 0.00 143
    2020-03-01 $146,675 (4.8%) $176,734 (-8.7%) 0.00 150
    2020-04-01 $146,700 (2.1%) $176,235 (-12.0%) 0.00 150
    2020-05-01 $159,900 (16.7%) $193,689 (5.2%) 0.00 118
    2020-06-01 $177,175 (18.2%) $205,122 (1.8%) 0.00 114
    2020-07-01 $151,950 (-4.2%) $198,646 (-2.9%) 0.00 112
    2020-08-01 $172,400 (12.8%) $213,750 (9.7%) 0.00 103
    2020-09-01 $174,900 (15.7%) $216,994 (14.8%) 0.00 111
    2020-10-01 $159,900 (6.5%) $212,162 (14.0%) 0.00 118
    2020-11-01 $156,700 (0.8%) $217,540 (17.2%) 0.00 100
    2020-12-01 $155,500 (-2.5%) $228,287 (21.7%) 0.00 85
    2021-01-01 $155,700 (-2.6%) $236,220 (27.7%) 0.00 64
    2021-02-01 $199,450 (24.7%) $245,782 (32.3%) 0.00 56
    2021-03-01 $164,450 (12.1%) $224,252 (26.9%) 0.00 57
    2021-04-01 $162,450 (10.7%) $211,314 (19.9%) 0.00 59
    2021-05-01 $168,500 (5.4%) $220,515 (13.9%) 0.00 69
    2021-06-01 $192,450 (8.6%) $225,343 (9.9%) 0.00 83
    2021-07-01 $229,000 (50.7%) $235,556 (18.6%) 0.00 110
    2021-08-01 $223,650 (29.7%) $232,570 (8.8%) 0.00 108
    2021-09-01 $197,175 (12.7%) $224,721 (3.6%) 0.00 96
    2021-10-01 $189,900 (18.8%) $222,551 (4.9%) 0.00 93
    2021-11-01 $172,200 (9.9%) $217,465 (0.0%) 0.00 70
    2021-12-01 $156,900 (0.9%) $219,787 (-3.7%) 0.00 64
    2022-01-01 $154,900 (-0.5%) $219,801 (-7.0%) 0.00 52
    2022-02-01 $148,725 (-25.4%) $218,912 (-10.9%) 0.00 54
    2022-03-01 $139,900 (-14.9%) $214,496 (-4.4%) 0.00 54
    2022-04-01 $159,950 (-1.5%) $226,801 (7.3%) 0.00 58
    2022-05-01 $155,650 (-7.6%) $233,072 (5.7%) 0.00 73
    2022-06-01 $187,225 (-2.7%) $255,761 (13.5%) 0.00 64
    2022-07-01 $192,450 (-16.0%) $283,327 (20.3%) 0.00 88
    2022-08-01 $201,325 (-10.0%) $305,215 (31.2%) 0.00 85
    2022-09-01 $205,950 (4.5%) $303,966 (35.3%) 0.00 83
    2022-10-01 $199,900 (5.3%) $284,081 (27.7%) 0.00 93
    2022-11-01 $213,425 (23.9%) $258,616 (18.9%) 0.00 86
    2022-12-01 $209,900 (33.8%) $260,546 (18.5%) 0.00 80
    2023-01-01 $194,900 (25.8%) $250,694 (14.1%) 0.00 67
    2023-02-01 $198,900 (33.7%) $236,417 (8.0%) 0.00 52
    2023-03-01 $224,900 (60.8%) $258,238 (20.4%) 0.00 61
    2023-04-01 $221,000 (38.2%) $249,531 (10.0%) 0.00 77
    2023-05-01 $225,925 (45.2%) $255,620 (9.7%) 0.00 70
    2023-06-01 $232,175 (24.0%) $258,395 (1.0%) 0.00 71
    2023-07-01 $229,900 (19.5%) $253,906 (-10.4%) 0.00 83
    2023-08-01 $241,257 (19.8%) $249,989 (-18.1%) 0.00 96
    2023-09-01 $239,900 (16.5%) $256,966 (-15.5%) 0.00 96
    2023-10-01 $236,400 (18.3%) $253,301 (-10.8%) 0.00 91
    2023-11-01 $224,900 (5.4%) $243,138 (-6.0%) 0.00 93
    2023-12-01 $232,200 (10.6%) $249,576 (-4.2%) 0.00 78
    2024-01-01 $224,750 (15.3%) $239,364 (-4.5%) 0.00 67
    2024-02-01 $220,000 (10.6%) $255,198 (7.9%) 0.00 67
    2024-03-01 $200,000 (-11.1%) $274,244 (6.2%) 0.00 77
    2024-04-01 $212,450 (-3.9%) $273,108 (9.5%) 0.00 75
    2024-05-01 $254,950 (12.9%) $299,143 (17.0%) 0.00 82
    2024-06-01 $244,900 (5.5%) $277,789 (7.5%) 0.00 84
    2024-07-01 $256,925 (11.8%) $287,957 (13.4%) 0.00 92
    2024-08-01 $219,900 (-8.9%) $270,214 (8.1%) 0.00 106
    2024-09-01 $225,425 (-6.0%) $260,647 (1.4%) 0.00 106
    2024-10-01 $221,850 (-6.2%) $244,098 (-3.6%) 0.00 100
    New Philadelphia's median listing price for 2024-10-01 was $221,850, a difference of $-14,550 (-6.2%) versus the prior year and $-3,575 versus the prior month.

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

    New Philadelphia's average listing price for 2024-10-01 was $244,098, a difference of $-9,203 (-3.6%) versus the prior year and $-16,549 versus the prior month.

    For the 2024-10-01 period, New Philadelphia had 100 MLS listings, a difference of -6 listings (-6%) versus the prior month and 9 listings (10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - New Philadelphia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,528 sqft
    2018-02-01 0 days 1,544 sqft
    2018-03-01 0 days 1,530 sqft
    2018-04-01 0 days 1,576 sqft
    2018-05-01 0 days 1,586 sqft
    2018-06-01 0 days 1,649 sqft
    2018-07-01 0 days 1,650 sqft
    2018-08-01 0 days 1,683 sqft
    2018-09-01 0 days 1,680 sqft
    2018-10-01 0 days 1,680 sqft
    2018-11-01 0 days 1,668 sqft
    2018-12-01 0 days 1,694 sqft
    2019-01-01 0 days 1,672 sqft
    2019-02-01 0 days 1,625 sqft
    2019-03-01 0 days 1,695 sqft
    2019-04-01 0 days 1,700 sqft
    2019-05-01 0 days 1,600 sqft
    2019-06-01 0 days 1,582 sqft
    2019-07-01 0 days 1,598 sqft
    2019-08-01 0 days 1,597 sqft
    2019-09-01 0 days 1,660 sqft
    2019-10-01 0 days 1,683 sqft
    2019-11-01 0 days 1,724 sqft
    2019-12-01 0 days 1,687 sqft
    2020-01-01 0 days 1,634 sqft
    2020-02-01 0 days 1,681 sqft
    2020-03-01 0 days 1,757 sqft
    2020-04-01 0 days 1,728 sqft
    2020-05-01 0 days 1,796 sqft
    2020-06-01 0 days 1,940 sqft
    2020-07-01 0 days 1,970 sqft
    2020-08-01 0 days 1,947 sqft
    2020-09-01 0 days 1,947 sqft
    2020-10-01 0 days 1,836 sqft
    2020-11-01 0 days 1,795 sqft
    2020-12-01 0 days 1,822 sqft
    2021-01-01 0 days 1,772 sqft
    2021-02-01 0 days 1,857 sqft
    2021-03-01 0 days 1,825 sqft
    2021-04-01 0 days 1,618 sqft
    2021-05-01 0 days 1,756 sqft
    2021-06-01 0 days 1,821 sqft
    2021-07-01 0 days 1,751 sqft
    2021-08-01 0 days 1,708 sqft
    2021-09-01 0 days 1,720 sqft
    2021-10-01 0 days 1,662 sqft
    2021-11-01 0 days 1,677 sqft
    2021-12-01 0 days 1,763 sqft
    2022-01-01 0 days 1,650 sqft
    2022-02-01 0 days 1,650 sqft
    2022-03-01 0 days 1,667 sqft
    2022-04-01 0 days 1,768 sqft
    2022-05-01 0 days 1,742 sqft
    2022-06-01 0 days 1,793 sqft
    2022-07-01 0 days 1,760 sqft
    2022-08-01 0 days 1,776 sqft
    2022-09-01 0 days 1,736 sqft
    2022-10-01 0 days 1,776 sqft
    2022-11-01 0 days 1,756 sqft
    2022-12-01 0 days 1,716 sqft
    2023-01-01 0 days 1,697 sqft
    2023-02-01 0 days 1,727 sqft
    2023-03-01 0 days 1,887 sqft
    2023-04-01 0 days 1,930 sqft
    2023-05-01 0 days 1,918 sqft
    2023-06-01 0 days 1,961 sqft
    2023-07-01 0 days 2,022 sqft
    2023-08-01 0 days 2,043 sqft
    2023-09-01 0 days 1,982 sqft
    2023-10-01 0 days 2,066 sqft
    2023-11-01 0 days 2,015 sqft
    2023-12-01 0 days 1,978 sqft
    2024-01-01 0 days 1,953 sqft
    2024-02-01 0 days 1,951 sqft
    2024-03-01 0 days 1,847 sqft
    2024-04-01 0 days 1,949 sqft
    2024-05-01 0 days 2,012 sqft
    2024-06-01 0 days 1,872 sqft
    2024-07-01 0 days 2,040 sqft
    2024-08-01 0 days 1,868 sqft
    2024-09-01 0 days 1,913 sqft
    2024-10-01 0 days 1,858 sqft
    New Philadelphia's median listing age (time on market) for 2024-10-01 was 0 days.

    New Philadelphia's median square footage for active listings during the 2024-10-01 period was 1,858 sqft. One year prior, the average listing was 2,066 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.