Wapakoneta VA Loan Rates, Closing Costs & Stats

Wapakoneta, 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.

    Wapakoneta's 17 lenders originated 27 VA loans during 2023. The total origination value was $6,095,000, with an average VA loan value of $225,741.

    Wapakoneta VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Wapakoneta averaged 6.54% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Wapakoneta's average VA mortgage closing costs are $4,994.

    The average rate for the prior week (2024-12-06) was 6.48% and one month ago for the week of 2024-11-08, the average rate was 6.37%.

    The average rate one year ago was 6.92%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.18%.

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

    Wapakoneta 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 Wapakoneta level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 6 6.96% $4,695
    QUICKEN LOANS, LLC 4 6.31% $6,345
    NAVY FEDERAL CREDIT UNION 2 6.00% $2,914
    FREEDOM MORTGAGE CORPORATION 1 6.25% $18,326
    GENEVA FINANCIAL, LLC 1 7.13% $5,049
    JPMorgan Chase Bank 1 5.75% $2,974
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $5,007
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $6,216
    NEW DAY FINANCIAL, LLC 1 8.00% $6,890
    PENNYMAC LOAN SERVICES, LLC 1 6.25% $9,260
    POLARIS HOME FUNDING CORP. 1 6.88% $3,964
    Presidential Bank, FSB 1 6.75% $13,726
    The Federal Savings Bank 1 7.75% $3,311
    Barrington Bank & Trust Company, N.A. 1 6.00% $6,526
    VILLAGE CAPITAL MORTGAGE 1 6.75% $4,229
    CROSSCOUNTRY MORTGAGE, LLC 1 6.13% $7,801
    Fifth Third Bank 1 6.38% $685

    The top Wapakoneta VA lender as defined by loan originations is Mortgage Research Center, LLC, with 6 VA loans originated. Their average total fees are $4,695, which is $1,650 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Wapakoneta VA lenders (with over 10 loans originated) are .

    The lowest rate Wapakoneta VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Wapakoneta (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 $144,900 (12.2%) $177,146 (2.7%) 0.00 134
    2018-02-01 $139,975 (9.1%) $175,776 (5.3%) 0.00 138
    2018-03-01 $149,500 (19.2%) $177,683 (7.1%) 0.00 139
    2018-04-01 $149,925 (18.6%) $182,621 (8.5%) 0.00 138
    2018-05-01 $154,750 (17.2%) $187,192 (11.5%) 0.00 140
    2018-06-01 $154,900 (19.6%) $186,179 (12.4%) 0.00 143
    2018-07-01 $146,475 (8.6%) $180,450 (10.1%) 0.00 160
    2018-08-01 $154,475 (10.4%) $186,138 (13.4%) 0.00 151
    2018-09-01 $149,900 (9.4%) $186,413 (12.9%) 0.00 150
    2018-10-01 $150,000 (13.1%) $184,066 (13.0%) 0.00 145
    2018-11-01 $152,450 (11.1%) $185,465 (9.2%) 0.00 144
    2018-12-01 $159,700 (10.4%) $190,407 (9.2%) 0.00 138
    2019-01-01 $159,600 (10.1%) $188,784 (6.6%) 0.00 109
    2019-02-01 $159,900 (14.2%) $186,548 (6.1%) 0.00 110
    2019-03-01 $163,264 (9.2%) $192,156 (8.2%) 0.00 100
    2019-04-01 $167,189 (11.5%) $197,511 (8.2%) 0.00 97
    2019-05-01 $167,350 (8.1%) $199,038 (6.3%) 0.00 116
    2019-06-01 $169,900 (9.7%) $199,327 (7.1%) 0.00 116
    2019-07-01 $157,400 (7.5%) $190,562 (5.6%) 0.00 111
    2019-08-01 $158,991 (2.9%) $189,799 (2.0%) 0.00 125
    2019-09-01 $165,127 (10.2%) $192,444 (3.2%) 0.00 125
    2019-10-01 $169,924 (13.3%) $196,411 (6.7%) 0.00 120
    2019-11-01 $169,900 (11.5%) $201,849 (8.8%) 0.00 110
    2019-12-01 $165,350 (3.5%) $198,924 (4.5%) 0.00 100
    2020-01-01 $167,400 (4.9%) $202,647 (7.3%) 0.00 88
    2020-02-01 $152,400 (-4.7%) $196,016 (5.1%) 0.00 94
    2020-03-01 $158,425 (-3.0%) $202,055 (5.2%) 0.00 91
    2020-04-01 $149,650 (-10.5%) $199,178 (0.8%) 0.00 91
    2020-05-01 $159,900 (-4.5%) $206,505 (3.8%) 0.00 82
    2020-06-01 $149,900 (-11.8%) $205,787 (3.2%) 0.00 77
    2020-07-01 $158,250 (0.5%) $197,995 (3.9%) 0.00 75
    2020-08-01 $155,900 (-1.9%) $202,289 (6.6%) 0.00 67
    2020-09-01 $163,425 (-1.0%) $208,876 (8.5%) 0.00 62
    2020-10-01 $164,000 (-3.5%) $219,596 (11.8%) 0.00 63
    2020-11-01 $135,000 (-20.5%) $195,566 (-3.1%) 0.00 62
    2020-12-01 $139,300 (-15.8%) $185,292 (-6.9%) 0.00 59
    2021-01-01 $135,000 (-19.4%) $190,340 (-6.1%) 0.00 49
    2021-02-01 $149,950 (-1.6%) $219,845 (12.2%) 0.00 39
    2021-03-01 $177,450 (12.0%) $220,302 (9.0%) 0.00 39
    2021-04-01 $196,225 (31.1%) $235,369 (18.2%) 0.00 34
    2021-05-01 $209,999 (31.3%) $277,868 (34.6%) 0.00 36
    2021-06-01 $198,800 (32.6%) $255,996 (24.4%) 0.00 36
    2021-07-01 $179,900 (13.7%) $236,868 (19.6%) 0.00 37
    2021-08-01 $175,950 (12.9%) $243,438 (20.3%) 0.00 37
    2021-09-01 $179,900 (10.1%) $211,195 (1.1%) 0.00 48
    2021-10-01 $160,950 (-1.9%) $214,060 (-2.5%) 0.00 45
    2021-11-01 $161,975 (20.0%) $220,064 (12.5%) 0.00 47
    2021-12-01 $162,000 (16.3%) $216,536 (16.9%) 0.00 44
    2022-01-01 $161,850 (19.9%) $212,228 (11.5%) 0.00 31
    2022-02-01 $150,508 (0.4%) $221,655 (0.8%) 0.00 28
    2022-03-01 $195,350 (10.1%) $239,536 (8.7%) 0.00 30
    2022-04-01 $170,000 (-13.4%) $220,926 (-6.1%) 0.00 30
    2022-05-01 $184,925 (-11.9%) $243,257 (-12.5%) 0.00 37
    2022-06-01 $192,200 (-3.3%) $253,739 (-0.9%) 0.00 43
    2022-07-01 $179,900 (0.0%) $265,849 (12.2%) 0.00 53
    2022-08-01 $179,900 (2.2%) $275,079 (13.0%) 0.00 52
    2022-09-01 $220,825 (22.8%) $296,131 (40.2%) 0.00 47
    2022-10-01 $244,900 (52.2%) $316,749 (48.0%) 0.00 46
    2022-11-01 $252,975 (56.2%) $335,560 (52.5%) 0.00 56
    2022-12-01 $240,900 (48.7%) $318,813 (47.2%) 0.00 49
    2023-01-01 $200,000 (23.6%) $300,380 (41.5%) 0.00 44
    2023-02-01 $198,675 (32.0%) $290,282 (31.0%) 0.00 42
    2023-03-01 $186,200 (-4.7%) $280,253 (17.0%) 0.00 42
    2023-04-01 $219,500 (29.1%) $303,110 (37.2%) 0.00 39
    2023-05-01 $262,450 (41.9%) $331,321 (36.2%) 0.00 36
    2023-06-01 $263,400 (37.0%) $322,467 (27.1%) 0.00 42
    2023-07-01 $270,000 (50.1%) $319,590 (20.2%) 0.00 40
    2023-08-01 $259,850 (44.4%) $310,665 (12.9%) 0.00 45
    2023-09-01 $249,950 (13.2%) $284,866 (-3.8%) 0.00 53
    2023-10-01 $279,800 (14.3%) $300,526 (-5.1%) 0.00 57
    2023-11-01 $264,700 (4.6%) $280,386 (-16.4%) 0.00 51
    2023-12-01 $253,750 (5.3%) $287,843 (-9.7%) 0.00 56
    2024-01-01 $260,750 (30.4%) $288,753 (-3.9%) 0.00 50
    2024-02-01 $284,850 (43.4%) $310,400 (6.9%) 0.00 48
    2024-03-01 $256,700 (37.9%) $307,651 (9.8%) 0.00 49
    2024-04-01 $251,500 (14.6%) $306,947 (1.3%) 0.00 47
    2024-05-01 $250,000 (-4.7%) $311,764 (-5.9%) 0.00 43
    2024-06-01 $279,950 (6.3%) $317,083 (-1.7%) 0.00 42
    2024-07-01 $258,750 (-4.2%) $305,248 (-4.5%) 0.00 47
    2024-08-01 $275,000 (5.8%) $304,792 (-1.9%) 0.00 49
    2024-09-01 $253,750 (1.5%) $294,208 (3.3%) 0.00 57
    2024-10-01 $248,900 (-11.0%) $298,203 (-0.8%) 0.00 63
    2024-11-01 $240,450 (-9.2%) $285,030 (1.7%) 0.00 63
    Wapakoneta's median listing price for 2024-11-01 was $240,450, a difference of $-24,250 (-9.2%) versus the prior year and $-8,450 versus the prior month.

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

    Wapakoneta's average listing price for 2024-11-01 was $285,030, a difference of $4,644 (1.7%) versus the prior year and $-13,173 versus the prior month.

    For the 2024-11-01 period, Wapakoneta had 63 MLS listings, a difference of 0 listings (0%) versus the prior month and 12 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Wapakoneta (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,641 sqft
    2018-02-01 0 days 1,628 sqft
    2018-03-01 0 days 1,689 sqft
    2018-04-01 0 days 1,722 sqft
    2018-05-01 0 days 1,743 sqft
    2018-06-01 0 days 1,772 sqft
    2018-07-01 0 days 1,738 sqft
    2018-08-01 0 days 1,806 sqft
    2018-09-01 0 days 1,792 sqft
    2018-10-01 0 days 1,848 sqft
    2018-11-01 0 days 1,871 sqft
    2018-12-01 0 days 1,904 sqft
    2019-01-01 0 days 1,842 sqft
    2019-02-01 0 days 1,745 sqft
    2019-03-01 0 days 1,731 sqft
    2019-04-01 0 days 1,786 sqft
    2019-05-01 0 days 1,818 sqft
    2019-06-01 0 days 1,784 sqft
    2019-07-01 0 days 1,721 sqft
    2019-08-01 0 days 1,693 sqft
    2019-09-01 0 days 1,690 sqft
    2019-10-01 0 days 1,699 sqft
    2019-11-01 0 days 1,739 sqft
    2019-12-01 0 days 1,693 sqft
    2020-01-01 0 days 1,514 sqft
    2020-02-01 0 days 1,517 sqft
    2020-03-01 0 days 1,577 sqft
    2020-04-01 0 days 1,540 sqft
    2020-05-01 0 days 1,592 sqft
    2020-06-01 0 days 1,643 sqft
    2020-07-01 0 days 1,669 sqft
    2020-08-01 0 days 1,669 sqft
    2020-09-01 0 days 1,694 sqft
    2020-10-01 0 days 1,639 sqft
    2020-11-01 0 days 1,513 sqft
    2020-12-01 0 days 1,532 sqft
    2021-01-01 0 days 1,557 sqft
    2021-02-01 0 days 1,619 sqft
    2021-03-01 0 days 1,557 sqft
    2021-04-01 0 days 1,542 sqft
    2021-05-01 0 days 1,617 sqft
    2021-06-01 0 days 1,570 sqft
    2021-07-01 0 days 1,552 sqft
    2021-08-01 0 days 1,658 sqft
    2021-09-01 0 days 1,566 sqft
    2021-10-01 0 days 1,617 sqft
    2021-11-01 0 days 1,684 sqft
    2021-12-01 0 days 1,674 sqft
    2022-01-01 0 days 1,707 sqft
    2022-02-01 0 days 1,508 sqft
    2022-03-01 0 days 1,862 sqft
    2022-04-01 0 days 1,593 sqft
    2022-05-01 0 days 1,695 sqft
    2022-06-01 0 days 1,710 sqft
    2022-07-01 0 days 1,652 sqft
    2022-08-01 0 days 1,665 sqft
    2022-09-01 0 days 1,716 sqft
    2022-10-01 0 days 1,686 sqft
    2022-11-01 0 days 1,923 sqft
    2022-12-01 0 days 1,764 sqft
    2023-01-01 0 days 1,618 sqft
    2023-02-01 0 days 1,572 sqft
    2023-03-01 0 days 1,514 sqft
    2023-04-01 0 days 1,598 sqft
    2023-05-01 0 days 1,715 sqft
    2023-06-01 0 days 1,817 sqft
    2023-07-01 0 days 1,880 sqft
    2023-08-01 0 days 1,758 sqft
    2023-09-01 0 days 1,792 sqft
    2023-10-01 0 days 1,831 sqft
    2023-11-01 0 days 1,776 sqft
    2023-12-01 0 days 1,773 sqft
    2024-01-01 0 days 1,772 sqft
    2024-02-01 0 days 1,780 sqft
    2024-03-01 0 days 1,768 sqft
    2024-04-01 0 days 1,778 sqft
    2024-05-01 0 days 1,883 sqft
    2024-06-01 0 days 1,835 sqft
    2024-07-01 0 days 1,751 sqft
    2024-08-01 0 days 1,773 sqft
    2024-09-01 0 days 1,843 sqft
    2024-10-01 0 days 1,750 sqft
    2024-11-01 0 days 1,690 sqft
    Wapakoneta's median listing age (time on market) for 2024-11-01 was 0 days.

    Wapakoneta's median square footage for active listings during the 2024-11-01 period was 1,690 sqft. One year prior, the average listing was 1,776 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.