Norwalk VA Loan Rates, Closing Costs & Stats

Norwalk, 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.

Norwalk's 27 lenders originated 74 VA loans during 2024. The total origination value was $18,620,000, with an average VA loan value of $251,622.

Norwalk VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Norwalk averaged 6.74% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

Norwalk's average VA mortgage closing costs are $5,131.

The average rate for the prior week (2025-07-04) was 6.85% and one month ago for the week of 2025-06-06, the average rate was 7.12%.

The average rate one year ago was 7.04%.

For refis of the same type during the week of 2025-07-11, the average rate was 6.17%.

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

Norwalk 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 Norwalk level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 21 6.28% $4,558
UNITED WHOLESALE MORTGAGE, LLC 5 5.72% $6,896
CROSSCOUNTRY MORTGAGE, LLC 4 6.72% $8,810
NAVY FEDERAL CREDIT UNION 4 5.94% $4,048
UNION HOME MORTGAGE CORP. 4 6.44% $8,363
PENNYMAC LOAN SERVICES, LLC 3 5.33% $5,796
YOUR HOME FINANCIAL LLC 3 6.42% $6,517
The Federal Savings Bank 2 6.69% $16,125
QUICKEN LOANS, LLC 2 5.49% $6,724
NEWREZ LLC 2 5.75% $11,600
NEW DAY FINANCIAL, LLC 2 7.99% $8,447
VILLAGE CAPITAL MORTGAGE 2 5.75% $7,460
PLAZA HOME MORTGAGE, INC. 1 6.99% $13,179
RELIANCE FIRST CAPITAL, LLC 1 6.00% $15,035
The Huntington National Bank 1 6.25% $4,580
NBKC BANK 1 5.63% $7,020
Barrington Bank & Trust Company, N.A. 1 7.25% $2,628
Civista Bank 1 6.25% $2,737
CLEARPATH LENDING 1 5.75% $16,228
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $9,044
GUILD MORTGAGE COMPANY 1 6.75% $9,377
HOMESIDE FINANCIAL, LLC 1 6.75% $3,638
LAKEVIEW LOAN SERVICING, LLC 1 6.50% $3,937
LOANDEPOT.COM, LLC 1 5.99% $9,359
MILEND, INC. 1 6.75% $10,453
AMERISAVE MORTGAGE CORPORATION 1 4.88% $26,596
PLANET HOME LENDING, LLC 1 4.99% $5,173

The top Norwalk VA lender as defined by loan originations is Mortgage Research Center, LLC, with 21 VA loans originated. Their average total fees are $4,558, which is $2,339 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Norwalk VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,558), .

The lowest rate Norwalk VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.28%), .

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.