Portsmouth VA Loan Rates, Closing Costs & Stats
Portsmouth, 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.
Portsmouth's 25 lenders originated 52 VA loans during 2023. The total origination value was $10,900,000, with an average VA loan value of $209,615.
Portsmouth VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Portsmouth
averaged
0.12%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Portsmouth's average VA mortgage closing costs are $4,540.
The average rate for the prior week (2024-11-22) was
6.68% and
one month ago for the week of 2024-10-25, the
average rate was 6.48%.
The average rate one year ago was 7.22%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.1%.
Portsmouth 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 Portsmouth level.
The top Portsmouth VA lender as defined by loan originations is Mortgage Research Center, LLC, with
15 VA loans originated. Their average total fees are
$3,763, which is $1,767
lower than the next largest lender,
U.S. Bank.
The lowest fee Portsmouth VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($3,763), .
The lowest rate Portsmouth VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.81%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Portsmouth (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $103,200 (-2.6%) | $142,122 (8.8%) | 0.00 | 313 |
2018-02-01 | $99,900 (-6.4%) | $139,313 (6.7%) | 0.00 | 324 |
2018-03-01 | $109,950 (1.9%) | $147,310 (14.2%) | 0.00 | 312 |
2018-04-01 | $113,500 (3.3%) | $152,395 (18.1%) | 0.00 | 307 |
2018-05-01 | $119,800 (0.5%) | $153,281 (13.0%) | 0.00 | 324 |
2018-06-01 | $119,250 (-0.4%) | $151,519 (5.8%) | 0.00 | 328 |
2018-07-01 | $119,825 (-2.6%) | $150,583 (2.8%) | 0.00 | 336 |
2018-08-01 | $118,625 (-2.4%) | $146,762 (-0.6%) | 0.00 | 348 |
2018-09-01 | $111,000 (-3.5%) | $145,287 (0.5%) | 0.00 | 334 |
2018-10-01 | $108,000 (-4.8%) | $145,048 (0.4%) | 0.00 | 332 |
2018-11-01 | $105,000 (-2.8%) | $143,195 (2.8%) | 0.00 | 332 |
2018-12-01 | $103,800 (3.9%) | $145,044 (4.6%) | 0.00 | 315 |
2019-01-01 | $102,150 (-1.0%) | $143,450 (0.9%) | 0.00 | 304 |
2019-02-01 | $113,100 (13.2%) | $151,314 (8.6%) | 0.00 | 300 |
2019-03-01 | $114,236 (3.9%) | $152,636 (3.6%) | 0.00 | 292 |
2019-04-01 | $118,925 (4.8%) | $153,045 (0.4%) | 0.00 | 284 |
2019-05-01 | $125,000 (4.3%) | $152,539 (-0.5%) | 0.00 | 284 |
2019-06-01 | $124,900 (4.7%) | $152,694 (0.8%) | 0.00 | 281 |
2019-07-01 | $121,900 (1.7%) | $153,076 (1.7%) | 0.00 | 289 |
2019-08-01 | $122,382 (3.2%) | $156,868 (6.9%) | 0.00 | 290 |
2019-09-01 | $126,105 (13.6%) | $160,113 (10.2%) | 0.00 | 279 |
2019-10-01 | $129,000 (19.4%) | $162,057 (11.7%) | 0.00 | 274 |
2019-11-01 | $119,000 (13.3%) | $150,804 (5.3%) | 0.00 | 255 |
2019-12-01 | $109,450 (5.4%) | $145,086 (0.0%) | 0.00 | 252 |
2020-01-01 | $112,475 (10.1%) | $140,536 (-2.0%) | 0.00 | 244 |
2020-02-01 | $110,450 (-2.3%) | $139,352 (-7.9%) | 0.00 | 255 |
2020-03-01 | $116,000 (1.5%) | $141,873 (-7.1%) | 0.00 | 232 |
2020-04-01 | $119,375 (0.4%) | $152,465 (-0.4%) | 0.00 | 225 |
2020-05-01 | $119,950 (-4.0%) | $161,072 (5.6%) | 0.00 | 194 |
2020-06-01 | $125,000 (0.1%) | $165,042 (8.1%) | 0.00 | 176 |
2020-07-01 | $139,450 (14.4%) | $179,038 (17.0%) | 0.00 | 166 |
2020-08-01 | $139,000 (13.6%) | $181,715 (15.8%) | 0.00 | 150 |
2020-09-01 | $142,450 (13.0%) | $182,328 (13.9%) | 0.00 | 144 |
2020-10-01 | $136,500 (5.8%) | $184,049 (13.6%) | 0.00 | 133 |
2020-11-01 | $135,000 (13.5%) | $189,434 (25.6%) | 0.00 | 119 |
2020-12-01 | $127,450 (16.5%) | $190,995 (31.6%) | 0.00 | 105 |
2021-01-01 | $129,500 (15.1%) | $199,192 (41.7%) | 0.00 | 97 |
2021-02-01 | $138,675 (25.6%) | $211,758 (52.0%) | 0.00 | 86 |
2021-03-01 | $143,700 (23.9%) | $199,019 (40.3%) | 0.00 | 82 |
2021-04-01 | $152,450 (27.7%) | $193,119 (26.7%) | 0.00 | 69 |
2021-05-01 | $147,450 (22.9%) | $169,637 (5.3%) | 0.00 | 71 |
2021-06-01 | $122,425 (-2.1%) | $164,017 (-0.6%) | 0.00 | 65 |
2021-07-01 | $147,500 (5.8%) | $173,462 (-3.1%) | 0.00 | 85 |
2021-08-01 | $140,475 (1.1%) | $169,762 (-6.6%) | 0.00 | 92 |
2021-09-01 | $144,725 (1.6%) | $180,864 (-0.8%) | 0.00 | 82 |
2021-10-01 | $164,900 (20.8%) | $194,615 (5.7%) | 0.00 | 76 |
2021-11-01 | $161,175 (19.4%) | $199,613 (5.4%) | 0.00 | 70 |
2021-12-01 | $159,700 (25.3%) | $191,224 (0.1%) | 0.00 | 71 |
2022-01-01 | $160,000 (23.6%) | $198,326 (-0.4%) | 0.00 | 59 |
2022-02-01 | $145,725 (5.1%) | $212,863 (0.5%) | 0.00 | 51 |
2022-03-01 | $140,200 (-2.4%) | $216,443 (8.8%) | 0.00 | 58 |
2022-04-01 | $160,000 (5.0%) | $262,824 (36.1%) | 0.00 | 59 |
2022-05-01 | $171,550 (16.3%) | $231,026 (36.2%) | 0.00 | 68 |
2022-06-01 | $159,975 (30.7%) | $213,566 (30.2%) | 0.00 | 95 |
2022-07-01 | $164,700 (11.7%) | $210,669 (21.5%) | 0.00 | 107 |
2022-08-01 | $155,350 (10.6%) | $214,569 (26.4%) | 0.00 | 101 |
2022-09-01 | $156,650 (8.2%) | $206,708 (14.3%) | 0.00 | 104 |
2022-10-01 | $151,950 (-7.9%) | $202,613 (4.1%) | 0.00 | 89 |
2022-11-01 | $148,600 (-7.8%) | $181,952 (-8.9%) | 0.00 | 84 |
2022-12-01 | $132,400 (-17.1%) | $178,413 (-6.7%) | 0.00 | 80 |
2023-01-01 | $129,925 (-18.8%) | $182,547 (-8.0%) | 0.00 | 87 |
2023-02-01 | $129,900 (-10.9%) | $179,508 (-15.7%) | 0.00 | 90 |
2023-03-01 | $129,900 (-7.4%) | $172,178 (-20.5%) | 0.00 | 94 |
2023-04-01 | $129,500 (-19.1%) | $178,680 (-32.0%) | 0.00 | 83 |
2023-05-01 | $148,075 (-13.7%) | $192,947 (-16.5%) | 0.00 | 71 |
2023-06-01 | $155,925 (-2.5%) | $214,140 (0.3%) | 0.00 | 72 |
2023-07-01 | $169,950 (3.2%) | $201,938 (-4.1%) | 0.00 | 80 |
2023-08-01 | $163,700 (5.4%) | $188,814 (-12.0%) | 0.00 | 91 |
2023-09-01 | $154,500 (-1.4%) | $200,851 (-2.8%) | 0.00 | 95 |
2023-10-01 | $169,700 (11.7%) | $213,726 (5.5%) | 0.00 | 111 |
2023-11-01 | $179,900 (21.1%) | $239,057 (31.4%) | 0.00 | 116 |
2023-12-01 | $189,000 (42.8%) | $249,516 (39.9%) | 0.00 | 109 |
2024-01-01 | $179,950 (38.5%) | $253,178 (38.7%) | 0.00 | 103 |
2024-02-01 | $177,225 (36.4%) | $247,663 (38.0%) | 0.00 | 98 |
2024-03-01 | $184,900 (42.3%) | $251,526 (46.1%) | 0.00 | 92 |
2024-04-01 | $184,500 (42.5%) | $253,998 (42.2%) | 0.00 | 89 |
2024-05-01 | $177,450 (19.8%) | $234,921 (21.8%) | 0.00 | 94 |
2024-06-01 | $175,000 (12.2%) | $242,421 (13.2%) | 0.00 | 98 |
2024-07-01 | $179,950 (5.9%) | $246,964 (22.3%) | 0.00 | 105 |
2024-08-01 | $195,900 (19.7%) | $245,347 (29.9%) | 0.00 | 112 |
2024-09-01 | $187,925 (21.6%) | $240,610 (19.8%) | 0.00 | 131 |
2024-10-01 | $186,975 (10.2%) | $229,726 (7.5%) | 0.00 | 129 |
Portsmouth's median listing price comes in at 0% of the national average.
Portsmouth's average listing price for 2024-10-01 was $229,726, a difference of $16,000 (7.5%) versus the prior year and $-10,884 versus the prior month.
For the 2024-10-01 period, Portsmouth had 129 MLS listings, a difference of -2 listings (-2%) versus the prior month and 18 listings (16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Portsmouth (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,493 sqft |
2018-02-01 | 0 days | 1,476 sqft |
2018-03-01 | 0 days | 1,481 sqft |
2018-04-01 | 0 days | 1,484 sqft |
2018-05-01 | 0 days | 1,490 sqft |
2018-06-01 | 0 days | 1,531 sqft |
2018-07-01 | 0 days | 1,552 sqft |
2018-08-01 | 0 days | 1,537 sqft |
2018-09-01 | 0 days | 1,526 sqft |
2018-10-01 | 0 days | 1,512 sqft |
2018-11-01 | 0 days | 1,531 sqft |
2018-12-01 | 0 days | 1,560 sqft |
2019-01-01 | 0 days | 1,560 sqft |
2019-02-01 | 0 days | 1,584 sqft |
2019-03-01 | 0 days | 1,598 sqft |
2019-04-01 | 0 days | 1,614 sqft |
2019-05-01 | 0 days | 1,586 sqft |
2019-06-01 | 0 days | 1,584 sqft |
2019-07-01 | 0 days | 1,594 sqft |
2019-08-01 | 0 days | 1,617 sqft |
2019-09-01 | 0 days | 1,644 sqft |
2019-10-01 | 0 days | 1,661 sqft |
2019-11-01 | 0 days | 1,657 sqft |
2019-12-01 | 0 days | 1,621 sqft |
2020-01-01 | 0 days | 1,621 sqft |
2020-02-01 | 0 days | 1,608 sqft |
2020-03-01 | 0 days | 1,582 sqft |
2020-04-01 | 0 days | 1,602 sqft |
2020-05-01 | 0 days | 1,545 sqft |
2020-06-01 | 0 days | 1,529 sqft |
2020-07-01 | 0 days | 1,594 sqft |
2020-08-01 | 0 days | 1,566 sqft |
2020-09-01 | 0 days | 1,453 sqft |
2020-10-01 | 0 days | 1,550 sqft |
2020-11-01 | 0 days | 1,585 sqft |
2020-12-01 | 0 days | 1,447 sqft |
2021-01-01 | 0 days | 1,456 sqft |
2021-02-01 | 0 days | 1,610 sqft |
2021-03-01 | 0 days | 1,585 sqft |
2021-04-01 | 0 days | 1,583 sqft |
2021-05-01 | 0 days | 1,539 sqft |
2021-06-01 | 0 days | 1,439 sqft |
2021-07-01 | 0 days | 1,546 sqft |
2021-08-01 | 0 days | 1,539 sqft |
2021-09-01 | 0 days | 1,588 sqft |
2021-10-01 | 0 days | 1,579 sqft |
2021-11-01 | 0 days | 1,543 sqft |
2021-12-01 | 0 days | 1,537 sqft |
2022-01-01 | 0 days | 1,480 sqft |
2022-02-01 | 0 days | 1,420 sqft |
2022-03-01 | 0 days | 1,406 sqft |
2022-04-01 | 0 days | 1,504 sqft |
2022-05-01 | 0 days | 1,446 sqft |
2022-06-01 | 0 days | 1,449 sqft |
2022-07-01 | 0 days | 1,466 sqft |
2022-08-01 | 0 days | 1,505 sqft |
2022-09-01 | 0 days | 1,498 sqft |
2022-10-01 | 0 days | 1,521 sqft |
2022-11-01 | 0 days | 1,440 sqft |
2022-12-01 | 0 days | 1,387 sqft |
2023-01-01 | 0 days | 1,404 sqft |
2023-02-01 | 0 days | 1,404 sqft |
2023-03-01 | 0 days | 1,397 sqft |
2023-04-01 | 0 days | 1,440 sqft |
2023-05-01 | 0 days | 1,352 sqft |
2023-06-01 | 0 days | 1,440 sqft |
2023-07-01 | 0 days | 1,402 sqft |
2023-08-01 | 0 days | 1,440 sqft |
2023-09-01 | 0 days | 1,485 sqft |
2023-10-01 | 0 days | 1,481 sqft |
2023-11-01 | 0 days | 1,479 sqft |
2023-12-01 | 0 days | 1,568 sqft |
2024-01-01 | 0 days | 1,563 sqft |
2024-02-01 | 0 days | 1,535 sqft |
2024-03-01 | 0 days | 1,551 sqft |
2024-04-01 | 0 days | 1,559 sqft |
2024-05-01 | 0 days | 1,529 sqft |
2024-06-01 | 0 days | 1,516 sqft |
2024-07-01 | 0 days | 1,563 sqft |
2024-08-01 | 0 days | 1,583 sqft |
2024-09-01 | 0 days | 1,571 sqft |
2024-10-01 | 0 days | 1,518 sqft |
Portsmouth's median square footage for active listings during the 2024-10-01 period was 1,518 sqft. One year prior, the average listing was 1,481 sqft.