Washington Court House VA Loan Rates, Closing Costs & Stats
Washington Court House, 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.
Washington Court House's 19 lenders originated 31 VA loans during 2023. The total origination value was $7,325,000, with an average VA loan value of $236,290.
Washington Court House VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Washington Court House
averaged
6.7%
for the week of 2024-11-08, compared to the national average (all VA variants) of
6.34% for the same period.
Washington Court House's average VA mortgage closing costs are $5,840.
The average rate for the prior week (2024-11-01) was
6.85% and
one month ago for the week of 2024-10-04, the
average rate was 6.18%.
The average rate one year ago was 7.84%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.34%.
Washington Court House 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 Washington Court House level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| The Huntington National Bank | 4 | 6.81% | $4,819 |
| The Federal Savings Bank | 3 | 6.38% | $9,748 |
| Fifth Third Bank | 2 | 6.44% | $3,079 |
| QUICKEN LOANS, LLC | 2 | 6.75% | $10,316 |
| LOANDEPOT.COM, LLC | 2 | 6.87% | $15,168 |
| RELIANCE FIRST CAPITAL, LLC | 2 | 6.56% | $11,971 |
| Mortgage Research Center, LLC | 2 | 6.99% | $10,061 |
| Mr. Cooper ( Nationstar Mortgage ) | 2 | 5.63% | $18,167 |
| VANDERBILT MORTGAGE AND FINANCE, INC. | 1 | 6.88% | $0 |
| VILLAGE CAPITAL MORTGAGE | 1 | 6.75% | $10,960 |
| DAS Acquisition Company, LLC | 1 | 7.25% | $700 |
| Western Ohio Mortgage Corporation | 1 | 6.25% | $12,470 |
| FREEDOM MORTGAGE CORPORATION | 1 | 6.25% | $10,549 |
| NEWREZ LLC | 1 | 7.25% | $15,958 |
| RAPID MORTGAGE COMPANY | 1 | 7.13% | $16,838 |
| T2 FINANCIAL LLC | 1 | 5.75% | $6,275 |
| UNION HOME MORTGAGE CORP. | 1 | 6.00% | $10,891 |
| Union Savings Bank | 1 | 6.13% | $9,090 |
| USAA Federal Savings Bank | 1 | 7.00% | $18,297 |
The top Washington Court House VA lender as defined by loan originations is The Huntington National Bank, with
4 VA loans originated. Their average total fees are
$4,819, which is $4,929
lower than the next largest lender,
The Federal Savings Bank.
The lowest fee Washington Court House VA lenders (with over 10 loans originated) are
.
The lowest rate Washington Court House VA lenders (with over 10 loans originated) are
.