Norwalk VA Loan Rates, Closing Costs & Stats

Norwalk, 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.

    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 6.53% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

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

    The average rate for the prior week (2025-03-28) was 6.75% and one month ago for the week of 2025-02-28, the average rate was 6.62%.

    The average rate one year ago was 7.13%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.06%.

    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%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Norwalk (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 $124,900 (16.3%) $162,044 (18.7%) 0.00 200
    2018-02-01 $119,950 (22.5%) $161,302 (20.0%) 0.00 198
    2018-03-01 $126,822 (20.9%) $167,550 (18.5%) 0.00 179
    2018-04-01 $132,561 (20.6%) $170,193 (13.6%) 0.00 172
    2018-05-01 $138,613 (13.7%) $174,461 (17.4%) 0.00 166
    2018-06-01 $134,500 (7.7%) $168,673 (8.1%) 0.00 184
    2018-07-01 $138,725 (18.1%) $168,852 (8.5%) 0.00 199
    2018-08-01 $139,950 (16.7%) $174,183 (11.6%) 0.00 194
    2018-09-01 $137,675 (18.7%) $169,013 (9.0%) 0.00 196
    2018-10-01 $129,900 (13.0%) $160,978 (5.6%) 0.00 190
    2018-11-01 $132,225 (12.1%) $159,972 (2.1%) 0.00 183
    2018-12-01 $136,700 (5.2%) $163,407 (3.9%) 0.00 167
    2019-01-01 $129,322 (3.5%) $161,023 (-0.6%) 0.00 151
    2019-02-01 $119,900 (0.0%) $154,017 (-4.5%) 0.00 151
    2019-03-01 $122,043 (-3.8%) $152,344 (-9.1%) 0.00 159
    2019-04-01 $125,700 (-5.2%) $154,859 (-9.0%) 0.00 160
    2019-05-01 $134,000 (-3.3%) $163,839 (-6.1%) 0.00 158
    2019-06-01 $128,900 (-4.2%) $162,361 (-3.7%) 0.00 161
    2019-07-01 $126,847 (-8.6%) $156,861 (-7.1%) 0.00 173
    2019-08-01 $136,445 (-2.5%) $165,313 (-5.1%) 0.00 182
    2019-09-01 $132,764 (-3.6%) $163,973 (-3.0%) 0.00 187
    2019-10-01 $129,900 (0.0%) $160,416 (-0.4%) 0.00 189
    2019-11-01 $129,900 (-1.8%) $159,010 (-0.6%) 0.00 167
    2019-12-01 $126,450 (-7.5%) $158,520 (-3.0%) 0.00 161
    2020-01-01 $129,900 (0.5%) $170,855 (6.1%) 0.00 133
    2020-02-01 $132,450 (10.5%) $170,545 (10.7%) 0.00 126
    2020-03-01 $132,225 (8.3%) $162,193 (6.5%) 0.00 138
    2020-04-01 $137,000 (9.0%) $167,323 (8.1%) 0.00 135
    2020-05-01 $129,950 (-3.0%) $162,049 (-1.1%) 0.00 114
    2020-06-01 $134,900 (4.7%) $165,931 (2.2%) 0.00 94
    2020-07-01 $120,400 (-5.1%) $162,921 (3.9%) 0.00 90
    2020-08-01 $129,900 (-4.8%) $179,867 (8.8%) 0.00 92
    2020-09-01 $133,425 (0.5%) $174,501 (6.4%) 0.00 94
    2020-10-01 $144,900 (11.6%) $179,816 (12.1%) 0.00 81
    2020-11-01 $127,400 (-1.9%) $158,994 (0.0%) 0.00 91
    2020-12-01 $128,450 (1.6%) $148,570 (-6.3%) 0.00 80
    2021-01-01 $120,000 (-7.6%) $152,237 (-10.9%) 0.00 75
    2021-02-01 $122,425 (-7.6%) $141,356 (-17.1%) 0.00 62
    2021-03-01 $124,925 (-5.5%) $140,712 (-13.2%) 0.00 61
    2021-04-01 $128,200 (-6.4%) $154,384 (-7.7%) 0.00 54
    2021-05-01 $122,900 (-5.4%) $159,187 (-1.8%) 0.00 50
    2021-06-01 $127,200 (-5.7%) $154,913 (-6.6%) 0.00 59
    2021-07-01 $137,450 (14.2%) $181,123 (11.2%) 0.00 68
    2021-08-01 $129,900 (0.0%) $172,477 (-4.1%) 0.00 77
    2021-09-01 $140,350 (5.2%) $185,389 (6.2%) 0.00 73
    2021-10-01 $149,900 (3.5%) $200,479 (11.5%) 0.00 91
    2021-11-01 $137,500 (7.9%) $184,400 (16.0%) 0.00 84
    2021-12-01 $136,750 (6.5%) $183,817 (23.7%) 0.00 80
    2022-01-01 $129,900 (8.3%) $158,975 (4.4%) 0.00 128
    2022-02-01 $125,200 (2.3%) $149,591 (5.8%) 0.00 128
    2022-03-01 $123,675 (-1.0%) $158,593 (12.7%) 0.00 55
    2022-04-01 $119,950 (-6.4%) $183,745 (19.0%) 0.00 49
    2022-05-01 $133,675 (8.8%) $210,757 (32.4%) 0.00 55
    2022-06-01 $135,000 (6.1%) $214,309 (38.3%) 0.00 58
    2022-07-01 $162,450 (18.2%) $240,767 (32.9%) 0.00 52
    2022-08-01 $191,250 (47.2%) $260,160 (50.8%) 0.00 50
    2022-09-01 $141,700 (1.0%) $200,204 (8.0%) 0.00 68
    2022-10-01 $139,900 (-6.7%) $173,844 (-13.3%) 0.00 78
    2022-11-01 $145,150 (5.6%) $176,709 (-4.2%) 0.00 91
    2022-12-01 $140,500 (2.7%) $179,258 (-2.5%) 0.00 94
    2023-01-01 $181,150 (39.5%) $194,660 (22.5%) 0.00 61
    2023-02-01 $157,475 (25.8%) $190,446 (27.3%) 0.00 42
    2023-03-01 $154,950 (25.3%) $195,201 (23.1%) 0.00 38
    2023-04-01 $149,450 (24.6%) $182,771 (-0.5%) 0.00 36
    2023-05-01 $143,250 (7.2%) $176,950 (-16.0%) 0.00 40
    2023-06-01 $149,900 (11.0%) $193,546 (-9.7%) 0.00 43
    2023-07-01 $212,000 (30.5%) $246,334 (2.3%) 0.00 41
    2023-08-01 $192,000 (0.4%) $233,099 (-10.4%) 0.00 48
    2023-09-01 $177,400 (25.2%) $221,622 (10.7%) 0.00 57
    2023-10-01 $163,200 (16.7%) $207,173 (19.2%) 0.00 56
    2023-11-01 $179,925 (24.0%) $210,218 (19.0%) 0.00 62
    2023-12-01 $189,900 (35.2%) $218,529 (21.9%) 0.00 56
    2024-01-01 $189,675 (4.7%) $226,821 (16.5%) 0.00 56
    2024-02-01 $184,675 (17.3%) $230,915 (21.3%) 0.00 46
    2024-03-01 $189,950 (22.6%) $226,561 (16.1%) 0.00 38
    2024-04-01 $232,225 (55.4%) $296,134 (62.0%) 0.00 41
    2024-05-01 $241,875 (68.9%) $315,411 (78.3%) 0.00 49
    2024-06-01 $242,450 (61.7%) $304,811 (57.5%) 0.00 48
    2024-07-01 $248,450 (17.2%) $302,129 (22.7%) 0.00 50
    2024-08-01 $239,900 (25.0%) $287,655 (23.4%) 0.00 51
    2024-09-01 $246,450 (38.9%) $279,503 (26.1%) 0.00 64
    2024-10-01 $223,225 (36.8%) $261,373 (26.2%) 0.00 80
    2024-11-01 $210,000 (16.7%) $253,833 (20.8%) 0.00 80
    2024-12-01 $241,175 (27.0%) $263,039 (20.4%) 0.00 67
    2025-01-01 $231,200 (21.9%) $262,690 (15.8%) 0.00 60
    2025-02-01 $227,450 (23.2%) $274,719 (19.0%) 0.00 56
    2025-03-01 $225,000 (18.5%) $273,852 (20.9%) 0.00 56
    Norwalk's median listing price for 2025-03-01 was $225,000, a difference of $35,050 (18.5%) versus the prior year and $-2,450 versus the prior month.

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

    Norwalk's average listing price for 2025-03-01 was $273,852, a difference of $47,291 (20.9%) versus the prior year and $-867 versus the prior month.

    For the 2025-03-01 period, Norwalk had 56 MLS listings, a difference of 0 listings (0%) versus the prior month and 18 listings (47%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Norwalk (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,728 sqft
    2018-02-01 0 days 1,682 sqft
    2018-03-01 0 days 1,644 sqft
    2018-04-01 0 days 1,646 sqft
    2018-05-01 0 days 1,720 sqft
    2018-06-01 0 days 1,711 sqft
    2018-07-01 0 days 1,716 sqft
    2018-08-01 0 days 1,770 sqft
    2018-09-01 0 days 1,704 sqft
    2018-10-01 0 days 1,654 sqft
    2018-11-01 0 days 1,672 sqft
    2018-12-01 0 days 1,672 sqft
    2019-01-01 0 days 1,634 sqft
    2019-02-01 0 days 1,675 sqft
    2019-03-01 0 days 1,646 sqft
    2019-04-01 0 days 1,643 sqft
    2019-05-01 0 days 1,628 sqft
    2019-06-01 0 days 1,629 sqft
    2019-07-01 0 days 1,625 sqft
    2019-08-01 0 days 1,733 sqft
    2019-09-01 0 days 1,752 sqft
    2019-10-01 0 days 1,765 sqft
    2019-11-01 0 days 1,693 sqft
    2019-12-01 0 days 1,665 sqft
    2020-01-01 0 days 1,730 sqft
    2020-02-01 0 days 1,740 sqft
    2020-03-01 0 days 1,652 sqft
    2020-04-01 0 days 1,672 sqft
    2020-05-01 0 days 1,632 sqft
    2020-06-01 0 days 1,638 sqft
    2020-07-01 0 days 1,600 sqft
    2020-08-01 0 days 1,693 sqft
    2020-09-01 0 days 1,646 sqft
    2020-10-01 0 days 1,608 sqft
    2020-11-01 0 days 1,581 sqft
    2020-12-01 0 days 1,567 sqft
    2021-01-01 0 days 1,495 sqft
    2021-02-01 0 days 1,430 sqft
    2021-03-01 0 days 1,387 sqft
    2021-04-01 0 days 1,478 sqft
    2021-05-01 0 days 1,463 sqft
    2021-06-01 0 days 1,544 sqft
    2021-07-01 0 days 1,560 sqft
    2021-08-01 0 days 1,566 sqft
    2021-09-01 0 days 1,574 sqft
    2021-10-01 0 days 1,685 sqft
    2021-11-01 0 days 1,571 sqft
    2021-12-01 0 days 1,558 sqft
    2022-01-01 0 days 1,344 sqft
    2022-02-01 0 days 1,350 sqft
    2022-03-01 0 days 1,390 sqft
    2022-04-01 0 days 1,455 sqft
    2022-05-01 0 days 1,482 sqft
    2022-06-01 0 days 1,535 sqft
    2022-07-01 0 days 1,628 sqft
    2022-08-01 0 days 1,751 sqft
    2022-09-01 0 days 1,561 sqft
    2022-10-01 0 days 1,508 sqft
    2022-11-01 0 days 1,484 sqft
    2022-12-01 0 days 1,441 sqft
    2023-01-01 0 days 1,567 sqft
    2023-02-01 0 days 1,615 sqft
    2023-03-01 0 days 1,670 sqft
    2023-04-01 0 days 1,576 sqft
    2023-05-01 0 days 1,556 sqft
    2023-06-01 0 days 1,532 sqft
    2023-07-01 0 days 1,686 sqft
    2023-08-01 0 days 1,691 sqft
    2023-09-01 0 days 1,648 sqft
    2023-10-01 0 days 1,586 sqft
    2023-11-01 0 days 1,671 sqft
    2023-12-01 0 days 1,600 sqft
    2024-01-01 0 days 1,667 sqft
    2024-02-01 0 days 1,722 sqft
    2024-03-01 0 days 1,696 sqft
    2024-04-01 0 days 1,766 sqft
    2024-05-01 0 days 1,791 sqft
    2024-06-01 0 days 1,774 sqft
    2024-07-01 0 days 1,769 sqft
    2024-08-01 0 days 1,762 sqft
    2024-09-01 0 days 1,687 sqft
    2024-10-01 0 days 1,724 sqft
    2024-11-01 0 days 1,656 sqft
    2024-12-01 0 days 1,673 sqft
    2025-01-01 0 days 1,540 sqft
    2025-02-01 0 days 1,570 sqft
    2025-03-01 0 days 1,621 sqft
    Norwalk's median listing age (time on market) for 2025-03-01 was 0 days.

    Norwalk's median square footage for active listings during the 2025-03-01 period was 1,621 sqft. One year prior, the average listing was 1,696 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.