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 56 lenders originated 465 VA loans during 2023. The total origination value was $109,975,000, with an average VA loan value of $236,505.

    Toledo VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Toledo averaged 6.65% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Toledo's average VA mortgage closing costs are $5,576.

    The average rate for the prior week (2025-02-07) was 6.89% and one month ago for the week of 2025-01-10, the average rate was 7.12%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2025-02-14, the average rate was 7.26%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 101 6.85% $6,735
    QUICKEN LOANS, LLC 45 6.22% $10,545
    UNITED WHOLESALE MORTGAGE, LLC 35 6.66% $7,180
    NAVY FEDERAL CREDIT UNION 23 5.77% $5,009
    UNION HOME MORTGAGE CORP. 22 6.41% $9,861
    EQUITY RESOURCES, INC. 18 6.66% $3,719
    NEWREZ LLC 16 6.80% $9,004
    The Huntington National Bank 14 6.71% $8,383
    NEW DAY FINANCIAL, LLC 12 7.57% $10,442
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.53% $10,028
    LOANDEPOT.COM, LLC 12 6.73% $8,490
    FREEDOM MORTGAGE CORPORATION 11 6.50% $13,419
    PENNYMAC LOAN SERVICES, LLC 10 5.66% $6,030
    USAA Federal Savings Bank 9 6.24% $7,527
    MID AMERICA MORTGAGE, INC. 9 6.36% $4,751
    MUTUAL OF OMAHA MORTGAGE, INC. 7 6.07% $8,047
    CROSSCOUNTRY MORTGAGE, LLC 6 6.65% $6,240
    KeyBank 5 6.38% $5,785
    Fifth Third Bank 5 6.60% $5,573
    First Federal Bank of the Midwest 5 6.35% $7,001
    Mr. Cooper ( Nationstar Mortgage ) 5 5.88% $10,423
    RUOFF MORTGAGE COMPANY, INC. 4 6.50% $5,750
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.97% $9,988
    The Federal Savings Bank 4 6.44% $16,432
    VAN DYK MORTGAGE CORPORATION 4 6.78% $6,308
    NFM, INC. 3 7.21% $6,796
    Paramount Residential Mortgage Group, Inc. 3 6.00% $9,845
    Flagstar Bank, FSB 3 6.63% $3,834
    GVC MORTGAGE, INC. 3 6.67% $8,489
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 8.13% $2,248
    MOVEMENT MORTGAGE, LLC 2 6.13% $7,776
    BROKER SOLUTIONS, INC. 2 7.06% $9,269
    Barrington Bank & Trust Company, N.A. 2 6.25% $7,833
    AMERISAVE MORTGAGE CORPORATION 2 5.88% $14,335
    SUCCESS MORTGAGE PARTNERS, INC. 2 7.63% $8,110
    RELIANCE FIRST CAPITAL, LLC 2 5.88% $8,283
    First Federal Bank 2 6.38% $7,656
    VILLAGE CAPITAL MORTGAGE 1 6.25% $4,902
    Ameris Bank 1 6.63% $12,327
    Citizens Bank 1 7.00% $2,619
    CMG MORTGAGE, INC. 1 7.63% $4,358
    Colonial Savings, F.A. 1 6.00% $11,224
    CONTOUR MORTGAGE CORPORATION 1 6.38% $2,578
    GUARANTEED RATE, INC. 1 5.75% $843
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.25% $8,236
    Mid-Continent Funding, Inc. 1 6.99% $5,293
    MORTGAGE ACCESS CORP. 1 5.75% $3,948
    M&T Bank 1 6.25% $3,573
    NATIONS DIRECT MORTGAGE, LLC 1 7.50% $3,999
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.00% $11,365
    PNC Bank 1 7.75% $5,934
    RAPID MORTGAGE COMPANY 1 6.75% $7,356
    SUN Federal Credit Union 1 6.50% $6,643
    The Genoa Banking Company 1 7.63% $8,277
    U.S. Bank 1 7.00% $7,963
    AMCAP MORTGAGE, LTD. 1 7.13% $1,479

    The top Toledo VA lender as defined by loan originations is Mortgage Research Center, LLC, with 101 VA loans originated. Their average total fees are $6,735, which is $3,810 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Toledo VA lenders (with over 10 loans originated) are EQUITY RESOURCES, INC. ($3,719), NAVY FEDERAL CREDIT UNION ($5,009), PENNYMAC LOAN SERVICES, LLC ($6,030), Mortgage Research Center, LLC ($6,735) and UNITED WHOLESALE MORTGAGE, LLC ($7,180).

    The lowest rate Toledo VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.66%), NAVY FEDERAL CREDIT UNION (5.77%), QUICKEN LOANS, LLC (6.22%), UNION HOME MORTGAGE CORP. (6.41%) and FREEDOM MORTGAGE CORPORATION (6.50%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Toledo (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 $119,900 (-4.0%) $178,730 (2.6%) 0.48 1,667
    2018-02-01 $119,900 (-4.0%) $183,222 (1.8%) 0.49 1,546
    2018-03-01 $129,900 (0.8%) $194,785 (6.0%) 0.51 1,479
    2018-04-01 $139,450 (7.4%) $207,536 (11.0%) 0.53 1,467
    2018-05-01 $146,450 (11.5%) $213,191 (9.4%) 0.55 1,472
    2018-06-01 $149,900 (14.5%) $210,697 (6.1%) 0.55 1,609
    2018-07-01 $149,900 (15.4%) $209,278 (5.1%) 0.56 1,761
    2018-08-01 $139,900 (7.7%) $201,802 (4.5%) 0.52 1,875
    2018-09-01 $139,900 (7.7%) $196,091 (2.1%) 0.50 1,883
    2018-10-01 $139,900 (6.8%) $193,791 (1.9%) 0.51 1,919
    2018-11-01 $139,400 (10.2%) $193,433 (3.7%) 0.51 1,815
    2018-12-01 $137,900 (12.2%) $192,627 (6.3%) 0.50 1,704
    2019-01-01 $136,750 (14.1%) $195,080 (9.2%) 0.52 1,495
    2019-02-01 $137,400 (14.6%) $199,615 (9.0%) 0.51 1,400
    2019-03-01 $152,371 (17.3%) $211,964 (8.8%) 0.55 1,346
    2019-04-01 $166,921 (19.7%) $220,239 (6.1%) 0.57 1,341
    2019-05-01 $173,700 (18.6%) $225,843 (5.9%) 0.61 1,346
    2019-06-01 $174,900 (16.7%) $226,532 (7.5%) 0.61 1,351
    2019-07-01 $169,900 (13.3%) $221,029 (5.6%) 0.58 1,464
    2019-08-01 $166,927 (19.3%) $219,048 (8.6%) 0.57 1,518
    2019-09-01 $162,468 (16.1%) $215,037 (9.7%) 0.56 1,556
    2019-10-01 $158,000 (12.9%) $212,231 (9.5%) 0.55 1,588
    2019-11-01 $154,900 (11.1%) $207,045 (7.0%) 0.54 1,591
    2019-12-01 $153,450 (11.3%) $206,062 (7.0%) 0.53 1,498
    2020-01-01 $153,675 (12.4%) $208,010 (6.6%) 0.54 1,358
    2020-02-01 $154,900 (12.7%) $210,048 (5.2%) 0.54 1,274
    2020-03-01 $157,450 (3.3%) $214,444 (1.2%) 0.53 1,230
    2020-04-01 $168,075 (0.7%) $219,208 (-0.5%) 0.57 1,212
    2020-05-01 $178,950 (3.0%) $232,054 (2.8%) 0.60 1,122
    2020-06-01 $184,900 (5.7%) $243,917 (7.7%) 0.60 1,002
    2020-07-01 $193,875 (14.1%) $245,693 (11.2%) 0.61 978
    2020-08-01 $189,900 (13.8%) $246,997 (12.8%) 0.62 943
    2020-09-01 $181,050 (11.4%) $237,536 (10.5%) 0.58 927
    2020-10-01 $179,900 (13.9%) $234,244 (10.4%) 0.54 975
    2020-11-01 $167,400 (8.1%) $230,054 (11.1%) 0.53 895
    2020-12-01 $165,950 (8.2%) $224,278 (8.8%) 0.53 770
    2021-01-01 $169,900 (10.6%) $230,995 (11.1%) 0.54 667
    2021-02-01 $185,000 (19.4%) $245,152 (16.7%) 0.57 549
    2021-03-01 $182,400 (15.9%) $241,935 (12.8%) 0.54 546
    2021-04-01 $172,000 (2.3%) $235,478 (7.4%) 0.50 573
    2021-05-01 $179,900 (0.5%) $234,506 (1.1%) 0.50 608
    2021-06-01 $175,000 (-5.4%) $234,145 (-4.0%) 0.49 679
    2021-07-01 $179,900 (-7.2%) $233,618 (-4.9%) 0.49 790
    2021-08-01 $169,450 (-10.8%) $232,845 (-5.7%) 0.48 908
    2021-09-01 $159,900 (-11.7%) $222,551 (-6.3%) 0.45 966
    2021-10-01 $154,950 (-13.9%) $219,253 (-6.4%) 0.44 930
    2021-11-01 $149,450 (-10.7%) $215,412 (-6.4%) 0.43 834
    2021-12-01 $144,950 (-12.7%) $210,892 (-6.0%) 0.41 688
    2022-01-01 $135,000 (-20.5%) $207,661 (-10.1%) 0.41 571
    2022-02-01 $134,925 (-27.1%) $205,812 (-16.1%) 0.40 452
    2022-03-01 $153,325 (-15.9%) $225,372 (-6.9%) 0.42 442
    2022-04-01 $163,700 (-4.8%) $225,517 (-4.2%) 0.43 517
    2022-05-01 $168,450 (-6.4%) $227,921 (-2.8%) 0.42 639
    2022-06-01 $169,950 (-2.9%) $230,565 (-1.5%) 0.42 785
    2022-07-01 $169,900 (-5.6%) $234,021 (0.2%) 0.42 869
    2022-08-01 $165,825 (-2.1%) $232,122 (-0.3%) 0.42 911
    2022-09-01 $167,425 (4.7%) $226,656 (1.8%) 0.42 912
    2022-10-01 $154,900 (0.0%) $218,538 (-0.3%) 0.40 947
    2022-11-01 $149,900 (0.3%) $211,349 (-1.9%) 0.39 915
    2022-12-01 $149,900 (3.4%) $210,295 (-0.3%) 0.41 785
    2023-01-01 $162,400 (20.3%) $220,856 (6.4%) 0.43 671
    2023-02-01 $173,700 (28.7%) $233,627 (13.5%) 0.46 587
    2023-03-01 $174,950 (14.1%) $236,211 (4.8%) 0.49 575
    2023-04-01 $185,450 (13.3%) $245,178 (8.7%) 0.50 604
    2023-05-01 $204,900 (21.6%) $251,245 (10.2%) 0.52 665
    2023-06-01 $212,400 (25.0%) $254,555 (10.4%) 0.54 711
    2023-07-01 $200,000 (17.7%) $255,153 (9.0%) 0.55 672
    2023-08-01 $199,900 (20.6%) $256,476 (10.5%) 0.54 710
    2023-09-01 $189,900 (13.4%) $244,894 (8.1%) 0.51 780
    2023-10-01 $187,400 (21.0%) $241,815 (10.7%) 0.48 843
    2023-11-01 $179,925 (20.0%) $235,506 (11.4%) 0.48 802
    2023-12-01 $174,900 (16.7%) $232,960 (10.8%) 0.49 759
    2024-01-01 $169,925 (4.6%) $232,871 (5.4%) 0.46 711
    2024-02-01 $182,400 (5.0%) $245,848 (5.2%) 0.51 618
    2024-03-01 $199,900 (14.3%) $259,851 (10.0%) 0.54 601
    2024-04-01 $209,950 (13.2%) $270,188 (10.2%) 0.57 614
    2024-05-01 $231,950 (13.2%) $285,709 (13.7%) 0.62 696
    2024-06-01 $229,900 (8.2%) $284,679 (11.8%) 0.62 720
    2024-07-01 $239,950 (20.0%) $285,338 (11.8%) 0.60 759
    2024-08-01 $219,900 (10.0%) $268,943 (4.9%) 0.58 853
    2024-09-01 $214,950 (13.2%) $272,912 (11.4%) 0.56 882
    2024-10-01 $219,088 (16.9%) $273,846 (13.3%) 0.58 841
    2024-11-01 $219,900 (22.2%) $279,811 (18.8%) 0.59 843
    2024-12-01 $220,000 (25.8%) $282,698 (21.4%) 0.60 766
    2025-01-01 $219,950 (29.4%) $281,494 (20.9%) 0.00 733
    Toledo's median listing price for 2025-01-01 was $219,950, a difference of $50,025 (29.4%) versus the prior year and $-50 versus the prior month.

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

    Toledo's average listing price for 2025-01-01 was $281,494, a difference of $48,623 (20.9%) versus the prior year and $-1,204 versus the prior month.

    For the 2025-01-01 period, Toledo had 733 MLS listings, a difference of -33 listings (-4%) versus the prior month and 22 listings (3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Toledo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 85 days 1,499 sqft
    2018-02-01 82 days 1,497 sqft
    2018-03-01 62 days 1,548 sqft
    2018-04-01 52 days 1,577 sqft
    2018-05-01 52 days 1,623 sqft
    2018-06-01 48 days 1,663 sqft
    2018-07-01 48 days 1,666 sqft
    2018-08-01 49 days 1,629 sqft
    2018-09-01 54 days 1,620 sqft
    2018-10-01 60 days 1,626 sqft
    2018-11-01 63 days 1,591 sqft
    2018-12-01 72 days 1,568 sqft
    2019-01-01 81 days 1,576 sqft
    2019-02-01 79 days 1,565 sqft
    2019-03-01 68 days 1,611 sqft
    2019-04-01 52 days 1,662 sqft
    2019-05-01 48 days 1,730 sqft
    2019-06-01 50 days 1,738 sqft
    2019-07-01 50 days 1,742 sqft
    2019-08-01 53 days 1,736 sqft
    2019-09-01 55 days 1,717 sqft
    2019-10-01 57 days 1,704 sqft
    2019-11-01 58 days 1,690 sqft
    2019-12-01 66 days 1,649 sqft
    2020-01-01 76 days 1,648 sqft
    2020-02-01 72 days 1,644 sqft
    2020-03-01 58 days 1,658 sqft
    2020-04-01 62 days 1,682 sqft
    2020-05-01 64 days 1,708 sqft
    2020-06-01 46 days 1,747 sqft
    2020-07-01 40 days 1,781 sqft
    2020-08-01 45 days 1,750 sqft
    2020-09-01 40 days 1,713 sqft
    2020-10-01 40 days 1,691 sqft
    2020-11-01 45 days 1,620 sqft
    2020-12-01 56 days 1,625 sqft
    2021-01-01 63 days 1,630 sqft
    2021-02-01 47 days 1,655 sqft
    2021-03-01 35 days 1,646 sqft
    2021-04-01 28 days 1,629 sqft
    2021-05-01 27 days 1,621 sqft
    2021-06-01 28 days 1,593 sqft
    2021-07-01 30 days 1,592 sqft
    2021-08-01 30 days 1,583 sqft
    2021-09-01 35 days 1,565 sqft
    2021-10-01 42 days 1,556 sqft
    2021-11-01 45 days 1,517 sqft
    2021-12-01 53 days 1,511 sqft
    2022-01-01 58 days 1,485 sqft
    2022-02-01 42 days 1,448 sqft
    2022-03-01 31 days 1,482 sqft
    2022-04-01 24 days 1,500 sqft
    2022-05-01 24 days 1,498 sqft
    2022-06-01 25 days 1,512 sqft
    2022-07-01 34 days 1,528 sqft
    2022-08-01 35 days 1,528 sqft
    2022-09-01 41 days 1,514 sqft
    2022-10-01 40 days 1,500 sqft
    2022-11-01 44 days 1,496 sqft
    2022-12-01 54 days 1,484 sqft
    2023-01-01 62 days 1,510 sqft
    2023-02-01 47 days 1,534 sqft
    2023-03-01 36 days 1,524 sqft
    2023-04-01 37 days 1,539 sqft
    2023-05-01 31 days 1,567 sqft
    2023-06-01 35 days 1,595 sqft
    2023-07-01 38 days 1,589 sqft
    2023-08-01 37 days 1,630 sqft
    2023-09-01 37 days 1,593 sqft
    2023-10-01 39 days 1,552 sqft
    2023-11-01 43 days 1,527 sqft
    2023-12-01 53 days 1,528 sqft
    2024-01-01 53 days 1,517 sqft
    2024-02-01 42 days 1,535 sqft
    2024-03-01 37 days 1,550 sqft
    2024-04-01 37 days 1,583 sqft
    2024-05-01 28 days 1,635 sqft
    2024-06-01 31 days 1,652 sqft
    2024-07-01 37 days 1,652 sqft
    2024-08-01 35 days 1,612 sqft
    2024-09-01 37 days 1,602 sqft
    2024-10-01 43 days 1,603 sqft
    2024-11-01 45 days 1,595 sqft
    2024-12-01 50 days 1,610 sqft
    2025-01-01 0 days 1,611 sqft
    Toledo's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Toledo's median square footage for active listings during the 2025-01-01 period was 1,611 sqft. One year prior, the average listing was 1,517 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.