Ontario VA Loan Rates, Closing Costs & Stats

Ontario, OR-ID

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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.

    Ontario's 36 lenders originated 94 VA loans during 2024. The total origination value was $37,760,000, with an average VA loan value of $401,702.

    Ontario VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Ontario averaged 0.11% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Ontario's average VA mortgage closing costs are $7,307.

    The average rate for the prior week (2025-06-13) was 6.86% and one month ago for the week of 2025-05-16, the average rate was 6.62%.

    The average rate one year ago was 6.61%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.11%.

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

    Ontario 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 Ontario level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 13 6.51% $5,682
    UNITED WHOLESALE MORTGAGE, LLC 12 5.95% $11,183
    FREEDOM MORTGAGE CORPORATION 7 6.18% $16,104
    QUICKEN LOANS, LLC 6 6.33% $10,261
    FIRST COLONY MORTGAGE CORPORATION 4 6.28% $13,019
    VILLAGE CAPITAL MORTGAGE 3 5.42% $12,166
    PENNYMAC LOAN SERVICES, LLC 3 5.75% $13,053
    IDAHO CENTRAL 3 6.00% $16,836
    SUMMIT FUNDING, INC. 3 6.33% $10,735
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.25% $10,308
    The Federal Savings Bank 2 5.81% $23,866
    Barrington Bank & Trust Company, N.A. 2 5.69% $3,011
    LAKEVIEW LOAN SERVICING, LLC 2 5.69% $4,380
    CLEARPATH LENDING 2 5.49% $15,829
    ROGUE 2 7.06% $4,124
    GUARANTEED RATE, INC. 2 5.75% $3,421
    S1L, Inc. 1 5.25% $11,940
    USAA Federal Savings Bank 1 7.00% $2,731
    U.S. Bank 1 5.63% $10,736
    VERITAS FUNDING, LLC 1 5.75% $37,408
    LOANDEPOT.COM, LLC 1 5.25% $5,101
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $9,366
    Armed Forces Bank 1 5.75% $3,237
    Bank of England 1 7.00% $2,238
    CASTLE & COOKE MORTGAGE, LLC 1 6.75% $5,194
    Century Mortgage Company DBA Century Lending Company 1 6.13% $3,367
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $12,263
    CMG MORTGAGE, INC. 1 6.25% $8,433
    ENVOY MORTGAGE, LTD 1 5.63% $15,230
    Home Mortgage Alliance Corp 1 6.63% $22,386
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $17,689
    MOVEMENT MORTGAGE, LLC 1 5.75% $9,239
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.00% $15,338
    MY MOVE MORTGAGE, LLC 1 5.13% $1,911
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $6,817
    RESIDENTIAL MORTGAGE, LLC 1 6.50% $3,227

    The top Ontario VA lender as defined by loan originations is Mortgage Research Center, LLC, with 13 VA loans originated. Their average total fees are $5,682, which is $5,501 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Ontario VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,682), UNITED WHOLESALE MORTGAGE, LLC ($11,183), .

    The lowest rate Ontario VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.95%), Mortgage Research Center, LLC (6.51%), .

    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.