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 6.48% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

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

    The average rate for the prior week (2025-07-04) was 6.79% and one month ago for the week of 2025-06-06, the average rate was 6.76%.

    The average rate one year ago was 6.58%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.36%.

    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%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ontario (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 $179,900 (18.0%) $238,375 (13.1%) 0.00 164
    2018-02-01 $179,925 (16.2%) $241,406 (16.3%) 0.00 149
    2018-03-01 $190,999 (17.9%) $249,466 (17.3%) 0.00 129
    2018-04-01 $198,600 (17.6%) $250,847 (17.1%) 0.00 129
    2018-05-01 $204,450 (21.2%) $253,510 (16.1%) 0.00 138
    2018-06-01 $214,000 (20.4%) $272,331 (23.8%) 0.00 153
    2018-07-01 $223,950 (24.8%) $287,137 (25.4%) 0.00 154
    2018-08-01 $231,750 (35.4%) $287,820 (26.3%) 0.00 158
    2018-09-01 $249,999 (48.0%) $288,909 (30.7%) 0.00 151
    2018-10-01 $267,250 (59.2%) $294,991 (37.2%) 0.00 147
    2018-11-01 $260,950 (51.3%) $290,468 (30.5%) 0.00 139
    2018-12-01 $265,500 (47.6%) $324,263 (34.1%) 0.00 138
    2019-01-01 $267,875 (48.9%) $322,414 (35.3%) 0.00 123
    2019-02-01 $248,250 (38.0%) $299,178 (23.9%) 0.00 116
    2019-03-01 $249,386 (30.6%) $304,249 (22.0%) 0.00 126
    2019-04-01 $257,450 (29.6%) $327,754 (30.7%) 0.00 130
    2019-05-01 $262,500 (28.4%) $349,070 (37.7%) 0.00 120
    2019-06-01 $250,000 (16.8%) $343,102 (26.0%) 0.00 111
    2019-07-01 $247,500 (10.5%) $321,780 (12.1%) 0.00 128
    2019-08-01 $249,973 (7.9%) $323,027 (12.2%) 0.00 126
    2019-09-01 $249,932 (0.0%) $322,798 (11.7%) 0.00 137
    2019-10-01 $252,205 (-5.6%) $321,836 (9.1%) 0.00 137
    2019-11-01 $253,900 (-2.7%) $319,491 (10.0%) 0.00 124
    2019-12-01 $259,950 (-2.1%) $333,099 (2.7%) 0.00 104
    2020-01-01 $289,900 (8.2%) $366,223 (13.6%) 0.00 78
    2020-02-01 $273,900 (10.3%) $340,306 (13.8%) 0.00 83
    2020-03-01 $268,900 (7.8%) $337,748 (11.0%) 0.00 95
    2020-04-01 $266,675 (3.6%) $329,267 (0.5%) 0.00 99
    2020-05-01 $266,450 (1.5%) $316,242 (-9.4%) 0.00 84
    2020-06-01 $297,450 (19.0%) $366,415 (6.8%) 0.00 71
    2020-07-01 $309,075 (24.9%) $393,789 (22.4%) 0.00 64
    2020-08-01 $327,495 (31.0%) $393,771 (21.9%) 0.00 59
    2020-09-01 $329,725 (31.9%) $399,710 (23.8%) 0.00 51
    2020-10-01 $297,000 (17.8%) $392,030 (21.8%) 0.00 57
    2020-11-01 $352,704 (38.9%) $446,563 (39.8%) 0.00 50
    2020-12-01 $319,794 (23.0%) $425,977 (27.9%) 0.00 42
    2021-01-01 $289,960 (0.0%) $411,443 (12.4%) 0.00 35
    2021-02-01 $314,995 (15.0%) $426,547 (25.3%) 0.00 37
    2021-03-01 $336,925 (25.3%) $460,751 (36.4%) 0.00 38
    2021-04-01 $407,500 (52.8%) $478,877 (45.4%) 0.00 44
    2021-05-01 $390,000 (46.4%) $468,441 (48.1%) 0.00 47
    2021-06-01 $373,610 (25.6%) $460,355 (25.6%) 0.00 61
    2021-07-01 $400,000 (29.4%) $465,324 (18.2%) 0.00 86
    2021-08-01 $397,450 (21.4%) $473,201 (20.2%) 0.00 97
    2021-09-01 $419,925 (27.4%) $477,272 (19.4%) 0.00 107
    2021-10-01 $399,000 (34.3%) $475,276 (21.2%) 0.00 113
    2021-11-01 $422,500 (19.8%) $508,187 (13.8%) 0.00 94
    2021-12-01 $427,475 (33.7%) $520,289 (22.1%) 0.00 86
    2022-01-01 $448,000 (54.5%) $525,707 (27.8%) 0.00 70
    2022-02-01 $447,975 (42.2%) $490,700 (15.0%) 0.00 64
    2022-03-01 $444,075 (31.8%) $548,088 (19.0%) 0.00 67
    2022-04-01 $455,000 (11.7%) $635,861 (32.8%) 0.00 77
    2022-05-01 $472,450 (21.1%) $642,710 (37.2%) 0.00 108
    2022-06-01 $429,000 (14.8%) $586,322 (27.4%) 0.00 150
    2022-07-01 $413,000 (3.3%) $543,898 (16.9%) 0.00 194
    2022-08-01 $411,000 (3.4%) $545,800 (15.3%) 0.00 193
    2022-09-01 $399,900 (-4.8%) $540,253 (13.2%) 0.00 179
    2022-10-01 $405,000 (1.5%) $538,864 (13.4%) 0.00 191
    2022-11-01 $399,999 (-5.3%) $548,124 (7.9%) 0.00 173
    2022-12-01 $399,900 (-6.5%) $569,474 (9.5%) 0.00 147
    2023-01-01 $406,000 (-9.4%) $587,188 (11.7%) 0.00 131
    2023-02-01 $408,200 (-8.9%) $555,879 (13.3%) 0.00 135
    2023-03-01 $436,175 (-1.8%) $574,204 (4.8%) 0.00 129
    2023-04-01 $425,000 (-6.6%) $572,812 (-9.9%) 0.00 131
    2023-05-01 $405,000 (-14.3%) $546,232 (-15.0%) 0.00 138
    2023-06-01 $403,750 (-5.9%) $533,975 (-8.9%) 0.00 153
    2023-07-01 $405,000 (-1.9%) $574,435 (5.6%) 0.00 166
    2023-08-01 $410,750 (-0.1%) $512,580 (-6.1%) 0.00 168
    2023-09-01 $399,999 (0.0%) $504,710 (-6.6%) 0.00 170
    2023-10-01 $394,900 (-2.5%) $488,323 (-9.4%) 0.00 170
    2023-11-01 $386,225 (-3.4%) $476,562 (-13.1%) 0.00 158
    2023-12-01 $370,000 (-7.5%) $460,522 (-19.1%) 0.00 149
    2024-01-01 $369,225 (-9.1%) $493,415 (-16.0%) 0.00 141
    2024-02-01 $366,000 (-10.3%) $498,742 (-10.3%) 0.00 140
    2024-03-01 $390,000 (-10.6%) $520,936 (-9.3%) 0.00 144
    2024-04-01 $404,537 (-4.8%) $593,821 (3.7%) 0.00 156
    2024-05-01 $426,250 (5.3%) $619,273 (13.4%) 0.00 175
    2024-06-01 $399,900 (-1.0%) $567,618 (6.3%) 0.00 222
    2024-07-01 $394,975 (-2.5%) $532,739 (-7.3%) 0.00 251
    2024-08-01 $389,900 (-5.1%) $535,337 (4.4%) 0.00 246
    2024-09-01 $388,400 (-2.9%) $538,186 (6.6%) 0.00 250
    2024-10-01 $387,900 (-1.8%) $530,414 (8.6%) 0.00 234
    2024-11-01 $391,950 (1.5%) $541,169 (13.6%) 0.00 222
    2024-12-01 $394,750 (6.7%) $543,875 (18.1%) 0.00 208
    2025-01-01 $387,450 (4.9%) $537,815 (9.0%) 0.00 196
    2025-02-01 $397,000 (8.5%) $562,151 (12.7%) 0.00 193
    2025-03-01 $399,500 (2.4%) $564,750 (8.4%) 0.00 195
    2025-04-01 $399,600 (-1.2%) $520,816 (-12.3%) 0.00 204
    2025-05-01 $425,000 (-0.3%) $542,814 (-12.4%) 0.00 198
    2025-06-01 $435,750 (9.0%) $567,900 (0.1%) 0.00 216
    Ontario's median listing price for 2025-06-01 was $435,750, a difference of $35,850 (9.0%) versus the prior year and $10,750 versus the prior month.

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

    Ontario's average listing price for 2025-06-01 was $567,900, a difference of $282 (0.1%) versus the prior year and $25,086 versus the prior month.

    For the 2025-06-01 period, Ontario had 216 MLS listings, a difference of 18 listings (9%) versus the prior month and -6 listings (-3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ontario (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,733 sqft
    2018-02-01 0 days 1,758 sqft
    2018-03-01 0 days 1,701 sqft
    2018-04-01 0 days 1,844 sqft
    2018-05-01 0 days 1,814 sqft
    2018-06-01 0 days 1,793 sqft
    2018-07-01 0 days 1,798 sqft
    2018-08-01 0 days 1,900 sqft
    2018-09-01 0 days 1,945 sqft
    2018-10-01 0 days 2,034 sqft
    2018-11-01 0 days 1,978 sqft
    2018-12-01 0 days 1,928 sqft
    2019-01-01 0 days 1,860 sqft
    2019-02-01 0 days 1,850 sqft
    2019-03-01 0 days 1,848 sqft
    2019-04-01 0 days 1,848 sqft
    2019-05-01 0 days 1,850 sqft
    2019-06-01 0 days 1,845 sqft
    2019-07-01 0 days 1,841 sqft
    2019-08-01 0 days 1,876 sqft
    2019-09-01 0 days 1,889 sqft
    2019-10-01 0 days 1,920 sqft
    2019-11-01 0 days 1,954 sqft
    2019-12-01 0 days 1,951 sqft
    2020-01-01 0 days 2,047 sqft
    2020-02-01 0 days 1,894 sqft
    2020-03-01 0 days 1,760 sqft
    2020-04-01 0 days 1,756 sqft
    2020-05-01 0 days 1,756 sqft
    2020-06-01 0 days 2,015 sqft
    2020-07-01 0 days 2,163 sqft
    2020-08-01 0 days 2,240 sqft
    2020-09-01 0 days 2,217 sqft
    2020-10-01 0 days 1,930 sqft
    2020-11-01 0 days 2,304 sqft
    2020-12-01 0 days 2,048 sqft
    2021-01-01 0 days 1,999 sqft
    2021-02-01 0 days 1,750 sqft
    2021-03-01 0 days 1,715 sqft
    2021-04-01 0 days 2,006 sqft
    2021-05-01 0 days 1,843 sqft
    2021-06-01 0 days 1,928 sqft
    2021-07-01 0 days 1,920 sqft
    2021-08-01 0 days 1,961 sqft
    2021-09-01 0 days 1,852 sqft
    2021-10-01 0 days 1,923 sqft
    2021-11-01 0 days 1,908 sqft
    2021-12-01 0 days 1,990 sqft
    2022-01-01 0 days 1,926 sqft
    2022-02-01 0 days 1,870 sqft
    2022-03-01 0 days 1,866 sqft
    2022-04-01 0 days 1,888 sqft
    2022-05-01 0 days 1,897 sqft
    2022-06-01 0 days 1,869 sqft
    2022-07-01 0 days 1,840 sqft
    2022-08-01 0 days 1,869 sqft
    2022-09-01 0 days 1,845 sqft
    2022-10-01 0 days 1,908 sqft
    2022-11-01 0 days 1,916 sqft
    2022-12-01 0 days 1,909 sqft
    2023-01-01 0 days 1,924 sqft
    2023-02-01 0 days 1,948 sqft
    2023-03-01 0 days 1,972 sqft
    2023-04-01 0 days 1,994 sqft
    2023-05-01 0 days 1,991 sqft
    2023-06-01 0 days 1,983 sqft
    2023-07-01 0 days 1,911 sqft
    2023-08-01 0 days 1,850 sqft
    2023-09-01 0 days 1,809 sqft
    2023-10-01 0 days 1,809 sqft
    2023-11-01 0 days 1,775 sqft
    2023-12-01 0 days 1,708 sqft
    2024-01-01 0 days 1,700 sqft
    2024-02-01 0 days 1,708 sqft
    2024-03-01 0 days 1,778 sqft
    2024-04-01 0 days 1,800 sqft
    2024-05-01 0 days 1,901 sqft
    2024-06-01 0 days 1,719 sqft
    2024-07-01 0 days 1,655 sqft
    2024-08-01 0 days 1,714 sqft
    2024-09-01 0 days 1,670 sqft
    2024-10-01 0 days 1,729 sqft
    2024-11-01 0 days 1,768 sqft
    2024-12-01 0 days 1,777 sqft
    2025-01-01 0 days 1,711 sqft
    2025-02-01 0 days 1,720 sqft
    2025-03-01 0 days 1,754 sqft
    2025-04-01 0 days 1,755 sqft
    2025-05-01 0 days 1,777 sqft
    2025-06-01 0 days 1,805 sqft
    Ontario's median listing age (time on market) for 2025-06-01 was 0 days.

    Ontario's median square footage for active listings during the 2025-06-01 period was 1,805 sqft. One year prior, the average listing was 1,719 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.