Toledo VA Loan Rates, Closing Costs & Stats

TOLEDO, 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.

    Toledo's 74 lenders originated 577 VA loans during 2024. The total origination value was $146,125,000, with an average VA loan value of $253,250.

    Toledo VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Toledo averaged 6.79% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    Toledo's average VA mortgage closing costs are $5,706.

    The average rate for the prior week (2025-07-04) was 6.9% and one month ago for the week of 2025-06-06, the average rate was 6.87%.

    The average rate one year ago was 7.2%.

    For refis of the same type during the week of 2025-07-11, the average rate was 7.12%.

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

    Toledo 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 Toledo level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 142 6.40% $5,750
    UNITED WHOLESALE MORTGAGE, LLC 51 5.96% $6,792
    QUICKEN LOANS, LLC 38 6.08% $8,945
    FREEDOM MORTGAGE CORPORATION 25 6.43% $8,472
    NEWREZ LLC 22 6.41% $7,784
    UNION HOME MORTGAGE CORP. 22 6.48% $8,705
    NAVY FEDERAL CREDIT UNION 17 5.98% $5,090
    LOANDEPOT.COM, LLC 17 6.40% $6,972
    PENNYMAC LOAN SERVICES, LLC 17 5.69% $6,799
    NEW DAY FINANCIAL, LLC 15 7.20% $6,752
    USAA Federal Savings Bank 13 6.36% $7,472
    The Huntington National Bank 13 6.79% $7,157
    Fifth Third Bank 11 6.44% $4,808
    MID AMERICA MORTGAGE, INC. 11 6.59% $4,821
    EQUITY RESOURCES, INC. 9 6.91% $3,139
    CROSSCOUNTRY MORTGAGE, LLC 8 6.32% $6,499
    VILLAGE CAPITAL MORTGAGE 8 5.61% $5,695
    CMG MORTGAGE, INC. 7 7.03% $8,741
    NFM, INC. 6 6.94% $6,089
    GUARANTEED RATE, INC. 5 6.55% $6,411
    The Federal Savings Bank 5 6.30% $15,158
    LAKEVIEW LOAN SERVICING, LLC 5 6.10% $6,795
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 6.83% $2,007
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 4 6.31% $4,588
    KeyBank 4 5.88% $4,830
    Carrington Mortgage Services, LLC 4 6.44% $7,814
    VAN DYK MORTGAGE CORPORATION 4 6.81% $6,232
    Magnolia Bank 3 6.17% $18,044
    BROKER SOLUTIONS, INC. 3 6.00% $5,830
    GVC MORTGAGE, INC. 3 6.88% $6,364
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 7.00% $3,386
    Mr. Cooper ( Nationstar Mortgage ) 2 6.44% $8,704
    RUOFF MORTGAGE COMPANY, INC. 2 6.06% $10,340
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.75% $9,255
    PLANET HOME LENDING, LLC 2 6.13% $2,897
    HOMESIDE FINANCIAL, LLC 2 6.00% $10,991
    AMERISAVE MORTGAGE CORPORATION 2 6.50% $14,959
    U.S. Bank 2 5.87% $7,704
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.94% $795
    North American Savings Bank, F.S.B. 2 5.38% $3,401
    The Genoa Banking Company 2 6.88% $5,806
    MOVEMENT MORTGAGE, LLC 1 6.25% $1,281
    First Federal Savings and Loan Association of Lakewood 1 5.75% $3,877
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $6,010
    Equity Prime Mortgage LLC 1 8.25% $11,202
    ENDEAVOR CAPITAL, LLC. 1 6.75% $8,081
    Credence Funding Corporation 1 5.75% $8,368
    Plains Commerce Bank 1 6.75% $11,970
    POLARIS HOME FUNDING CORP. 1 6.75% $5,984
    CLEARPATH LENDING 1 5.75% $3,722
    ROSS MORTGAGE CORPORATION 1 6.25% $5,690
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.75% $6,082
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $12,278
    SUN WEST MORTGAGE COMPANY, INC. 1 4.88% $4,679
    T2 FINANCIAL LLC 1 7.13% $9,317
    Civista Bank 1 6.75% $3,489
    Citizens Bank 1 5.88% $3,735
    The Loan Store, Inc. 1 5.63% $18,249
    The State Bank and Trust Company 1 7.00% $9,810
    Barrington Bank & Trust Company, N.A. 1 6.75% $5,429
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $4,601
    AMERICAN FINANCIAL NETWORK, INC. 1 5.75% $11,957
    ALLIANT CREDIT UNION 1 6.00% $2,937
    JPMorgan Chase Bank 1 6.63% $7,693
    WRIGHT-PATT CREDIT UNION, INC. 1 6.63% $18,786
    JMAC LENDING, INC. 1 5.75% $10,088
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.25% $5,923
    Home Mortgage Alliance Corp 1 6.25% $3,216
    LOANPAL, LLC 1 6.63% $4,245
    Alcova Mortgage LLC 1 7.13% $5,271
    MICHIGAN MUTUAL, INC. 1 6.63% $3,264
    GoPrime Mortgage, Inc. 1 6.25% $15,765
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $9,504
    Flagstar Bank, FSB 1 6.75% $5,441

    The top Toledo VA lender as defined by loan originations is Mortgage Research Center, LLC, with 142 VA loans originated. Their average total fees are $5,750, which is $1,042 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Toledo VA lenders (with over 10 loans originated) are Fifth Third Bank ($4,808), MID AMERICA MORTGAGE, INC. ($4,821), NAVY FEDERAL CREDIT UNION ($5,090), Mortgage Research Center, LLC ($5,750) and NEW DAY FINANCIAL, LLC ($6,752).

    The lowest rate Toledo VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.69%), UNITED WHOLESALE MORTGAGE, LLC (5.96%), NAVY FEDERAL CREDIT UNION (5.98%), QUICKEN LOANS, LLC (6.08%) and USAA Federal Savings Bank (6.36%).

    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.