Tiffin VA Loan Rates, Closing Costs & Stats

Tiffin, 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.

    Tiffin's 14 lenders originated 36 VA loans during 2023. The total origination value was $6,540,000, with an average VA loan value of $181,667.

    Tiffin VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Tiffin averaged 7.13% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Tiffin's average VA mortgage closing costs are $4,611.

    The average rate for the prior week (2024-04-12) was 7.16% and one month ago for the week of 2024-03-15, the average rate was 7.03%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Tiffin 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 Tiffin level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    LOANDEPOT.COM, LLC 10 6.45% $6,027
    Mortgage Research Center, LLC 8 6.89% $4,714
    PENNYMAC LOAN SERVICES, LLC 2 5.25% $3,295
    NAVY FEDERAL CREDIT UNION 2 6.19% $3,883
    UNITED WHOLESALE MORTGAGE, LLC 2 6.25% $3,905
    NEWREZ LLC 1 6.63% $3,510
    STOCKTON MORTGAGE CORPORATION 1 6.75% $6,165
    The Federal Savings Bank 1 7.25% $12,534
    UNION HOME MORTGAGE CORP. 1 7.00% $2,340
    NEW DAY FINANCIAL, LLC 1 6.50% $2,135
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.13% $4,585
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
    MOVEMENT MORTGAGE, LLC 1 6.75% $3,874
    DAS Acquisition Company, LLC 1 6.38% $4,282

    The top Tiffin VA lender as defined by loan originations is LOANDEPOT.COM, LLC, with 10 VA loans originated. Their average total fees are $6,027, which is $1,313 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Tiffin VA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC ($6,027), .

    The lowest rate Tiffin VA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (6.45%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Tiffin (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 $79,900 (0.0%) $111,591 (20.0%) 0.00 110
    2018-02-01 $80,325 (7.2%) $110,288 (20.5%) 0.00 104
    2018-03-01 $81,500 (2.6%) $116,730 (18.6%) 0.00 87
    2018-04-01 $84,225 (4.0%) $121,346 (16.9%) 0.00 80
    2018-05-01 $84,900 (6.3%) $109,900 (5.3%) 0.00 75
    2018-06-01 $83,500 (-7.1%) $168,305 (52.3%) 0.00 82
    2018-07-01 $98,800 (6.7%) $182,220 (52.5%) 0.00 87
    2018-08-01 $104,900 (9.9%) $178,024 (48.8%) 0.00 105
    2018-09-01 $95,000 (6.2%) $173,603 (52.3%) 0.00 106
    2018-10-01 $82,400 (3.0%) $180,497 (59.5%) 0.00 107
    2018-11-01 $91,375 (12.9%) $197,881 (73.3%) 0.00 97
    2018-12-01 $95,000 (9.5%) $192,077 (67.4%) 0.00 96
    2019-01-01 $95,900 (20.0%) $208,468 (86.8%) 0.00 88
    2019-02-01 $109,475 (36.3%) $215,152 (95.1%) 0.00 75
    2019-03-01 $103,671 (27.2%) $213,551 (82.9%) 0.00 68
    2019-04-01 $89,900 (6.7%) $204,730 (68.7%) 0.00 64
    2019-05-01 $89,900 (5.9%) $196,913 (79.2%) 0.00 70
    2019-06-01 $94,500 (13.2%) $197,201 (17.2%) 0.00 77
    2019-07-01 $87,450 (-11.5%) $134,233 (-26.3%) 0.00 82
    2019-08-01 $89,900 (-14.3%) $135,332 (-24.0%) 0.00 86
    2019-09-01 $89,900 (-5.4%) $130,889 (-24.6%) 0.00 87
    2019-10-01 $95,450 (15.8%) $130,626 (-27.6%) 0.00 90
    2019-11-01 $108,000 (18.2%) $134,567 (-32.0%) 0.00 101
    2019-12-01 $98,950 (4.2%) $134,447 (-30.0%) 0.00 92
    2020-01-01 $94,900 (-1.0%) $138,966 (-33.3%) 0.00 91
    2020-02-01 $99,200 (-9.4%) $136,960 (-36.3%) 0.00 79
    2020-03-01 $86,900 (-16.2%) $128,839 (-39.7%) 0.00 74
    2020-04-01 $89,050 (-1.0%) $127,060 (-37.9%) 0.00 69
    2020-05-01 $75,950 (-15.5%) $119,359 (-39.4%) 0.00 56
    2020-06-01 $82,200 (-13.0%) $159,491 (-19.1%) 0.00 44
    2020-07-01 $81,825 (-6.4%) $157,435 (17.3%) 0.00 48
    2020-08-01 $98,700 (9.8%) $173,321 (28.1%) 0.00 47
    2020-09-01 $97,975 (9.0%) $162,677 (24.3%) 0.00 51
    2020-10-01 $117,850 (23.5%) $182,011 (39.3%) 0.00 51
    2020-11-01 $128,700 (19.2%) $202,731 (50.7%) 0.00 52
    2020-12-01 $121,925 (23.2%) $194,051 (44.3%) 0.00 50
    2021-01-01 $119,900 (26.3%) $182,408 (31.3%) 0.00 45
    2021-02-01 $111,225 (12.1%) $189,688 (38.5%) 0.00 28
    2021-03-01 $112,063 (29.0%) $223,993 (73.9%) 0.00 18
    2021-04-01 $126,988 (42.6%) $219,252 (72.6%) 0.00 21
    2021-05-01 $129,950 (71.1%) $236,889 (98.5%) 0.00 20
    2021-06-01 $135,238 (64.5%) $214,502 (34.5%) 0.00 31
    2021-07-01 $130,000 (58.9%) $173,346 (10.1%) 0.00 42
    2021-08-01 $125,925 (27.6%) $164,084 (-5.3%) 0.00 52
    2021-09-01 $134,975 (37.8%) $174,673 (7.4%) 0.00 58
    2021-10-01 $134,900 (14.5%) $162,865 (-10.5%) 0.00 54
    2021-11-01 $129,900 (0.9%) $155,908 (-23.1%) 0.00 52
    2021-12-01 $127,900 (4.9%) $159,381 (-17.9%) 0.00 48
    2022-01-01 $124,977 (4.2%) $152,797 (-16.2%) 0.00 32
    2022-02-01 $122,164 (9.8%) $161,416 (-14.9%) 0.00 34
    2022-03-01 $133,675 (19.3%) $166,557 (-25.6%) 0.00 37
    2022-04-01 $134,900 (6.2%) $174,319 (-20.5%) 0.00 42
    2022-05-01 $143,725 (10.6%) $152,296 (-35.7%) 0.00 45
    2022-06-01 $150,925 (11.6%) $163,176 (-23.9%) 0.00 63
    2022-07-01 $149,900 (15.3%) $176,141 (1.6%) 0.00 63
    2022-08-01 $144,975 (15.1%) $174,657 (6.4%) 0.00 72
    2022-09-01 $141,150 (4.6%) $157,978 (-9.6%) 0.00 62
    2022-10-01 $149,900 (11.1%) $156,326 (-4.0%) 0.00 62
    2022-11-01 $158,375 (21.9%) $159,399 (2.2%) 0.00 55
    2022-12-01 $147,000 (14.9%) $147,345 (-7.6%) 0.00 53
    2023-01-01 $133,325 (6.7%) $137,341 (-10.1%) 0.00 41
    2023-02-01 $143,500 (17.5%) $143,630 (-11.0%) 0.00 28
    2023-03-01 $141,950 (6.2%) $161,485 (-3.1%) 0.00 34
    2023-04-01 $140,000 (3.8%) $170,338 (-2.3%) 0.00 36
    2023-05-01 $144,250 (0.4%) $172,123 (13.0%) 0.00 35
    2023-06-01 $157,450 (4.3%) $177,257 (8.6%) 0.00 36
    2023-07-01 $178,500 (19.1%) $226,236 (28.4%) 0.00 37
    2023-08-01 $187,425 (29.3%) $231,201 (32.4%) 0.00 44
    2023-09-01 $189,900 (34.5%) $233,358 (47.7%) 0.00 45
    2023-10-01 $180,800 (20.6%) $211,060 (35.0%) 0.00 61
    2023-11-01 $169,700 (7.2%) $207,733 (30.3%) 0.00 58
    2023-12-01 $158,500 (7.8%) $204,753 (39.0%) 0.00 52
    2024-01-01 $149,925 (12.5%) $197,187 (43.6%) 0.00 41
    2024-02-01 $166,150 (15.8%) $211,514 (47.3%) 0.00 34
    2024-03-01 $196,950 (38.8%) $242,236 (50.0%) 0.00 32
    Tiffin's median listing price for 2024-03-01 was $196,950, a difference of $55,000 (38.8%) versus the prior year and $30,800 versus the prior month.

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

    Tiffin's average listing price for 2024-03-01 was $242,236, a difference of $80,751 (50.0%) versus the prior year and $30,722 versus the prior month.

    For the 2024-03-01 period, Tiffin had 32 MLS listings, a difference of -2 listings (-6%) versus the prior month and -2 listings (-6%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tiffin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,478 sqft
    2018-02-01 0 days 1,474 sqft
    2018-03-01 0 days 1,504 sqft
    2018-04-01 0 days 1,561 sqft
    2018-05-01 0 days 1,530 sqft
    2018-06-01 0 days 1,541 sqft
    2018-07-01 0 days 1,645 sqft
    2018-08-01 0 days 1,524 sqft
    2018-09-01 0 days 1,587 sqft
    2018-10-01 0 days 1,671 sqft
    2018-11-01 0 days 1,709 sqft
    2018-12-01 0 days 1,685 sqft
    2019-01-01 0 days 1,666 sqft
    2019-02-01 0 days 1,658 sqft
    2019-03-01 0 days 1,653 sqft
    2019-04-01 0 days 1,649 sqft
    2019-05-01 0 days 1,654 sqft
    2019-06-01 0 days 1,624 sqft
    2019-07-01 0 days 1,591 sqft
    2019-08-01 0 days 1,628 sqft
    2019-09-01 0 days 1,617 sqft
    2019-10-01 0 days 1,589 sqft
    2019-11-01 0 days 1,603 sqft
    2019-12-01 0 days 1,608 sqft
    2020-01-01 0 days 1,699 sqft
    2020-02-01 0 days 1,581 sqft
    2020-03-01 0 days 1,567 sqft
    2020-04-01 0 days 1,607 sqft
    2020-05-01 0 days 1,560 sqft
    2020-06-01 0 days 1,614 sqft
    2020-07-01 0 days 1,541 sqft
    2020-08-01 0 days 1,594 sqft
    2020-09-01 0 days 1,539 sqft
    2020-10-01 0 days 1,596 sqft
    2020-11-01 0 days 1,612 sqft
    2020-12-01 0 days 1,580 sqft
    2021-01-01 0 days 1,587 sqft
    2021-02-01 0 days 1,563 sqft
    2021-03-01 0 days 1,724 sqft
    2021-04-01 0 days 1,769 sqft
    2021-05-01 0 days 1,664 sqft
    2021-06-01 0 days 1,668 sqft
    2021-07-01 0 days 1,600 sqft
    2021-08-01 0 days 1,557 sqft
    2021-09-01 0 days 1,564 sqft
    2021-10-01 0 days 1,534 sqft
    2021-11-01 0 days 1,558 sqft
    2021-12-01 0 days 1,551 sqft
    2022-01-01 0 days 1,562 sqft
    2022-02-01 0 days 1,639 sqft
    2022-03-01 0 days 1,599 sqft
    2022-04-01 0 days 1,600 sqft
    2022-05-01 0 days 1,469 sqft
    2022-06-01 0 days 1,628 sqft
    2022-07-01 0 days 1,596 sqft
    2022-08-01 0 days 1,592 sqft
    2022-09-01 0 days 1,512 sqft
    2022-10-01 0 days 1,534 sqft
    2022-11-01 0 days 1,509 sqft
    2022-12-01 0 days 1,468 sqft
    2023-01-01 0 days 1,449 sqft
    2023-02-01 0 days 1,454 sqft
    2023-03-01 0 days 1,494 sqft
    2023-04-01 0 days 1,472 sqft
    2023-05-01 0 days 1,518 sqft
    2023-06-01 0 days 1,553 sqft
    2023-07-01 0 days 1,600 sqft
    2023-08-01 0 days 1,601 sqft
    2023-09-01 0 days 1,746 sqft
    2023-10-01 0 days 1,703 sqft
    2023-11-01 0 days 1,680 sqft
    2023-12-01 0 days 1,653 sqft
    2024-01-01 0 days 1,648 sqft
    2024-02-01 0 days 1,713 sqft
    2024-03-01 0 days 1,758 sqft
    Tiffin's median listing age (time on market) for 2024-03-01 was 0 days.

    Tiffin's median square footage for active listings during the 2024-03-01 period was 1,758 sqft. One year prior, the average listing was 1,494 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.