Wilmington VA Loan Rates, Closing Costs & Stats
Wilmington, 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.
Wilmington's 24 lenders originated 53 VA loans during 2023. The total origination value was $13,645,000, with an average VA loan value of $257,453.
Wilmington VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Wilmington
averaged
0.33%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Wilmington's average VA mortgage closing costs are $5,417.
The average rate for the prior week (2024-11-22) was
6.9% and
one month ago for the week of 2024-10-25, the
average rate was 6.5%.
The average rate one year ago was 7.14%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.2%.
Wilmington 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 Wilmington level.
The top Wilmington VA lender as defined by loan originations is Mortgage Research Center, LLC, with
11 VA loans originated. Their average total fees are
$7,298, which is $1,207
lower than the next largest lender,
LOANDEPOT.COM, LLC.
The lowest fee Wilmington VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($7,298), .
The lowest rate Wilmington VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.68%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Wilmington (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $127,050 (10.7%) | $172,297 (-10.1%) | 0.00 | 102 |
2018-02-01 | $129,700 (3.8%) | $181,121 (-12.9%) | 0.00 | 99 |
2018-03-01 | $129,000 (7.5%) | $189,042 (-9.8%) | 0.00 | 91 |
2018-04-01 | $142,200 (9.6%) | $197,528 (-5.5%) | 0.00 | 93 |
2018-05-01 | $132,425 (1.9%) | $198,063 (-3.4%) | 0.00 | 89 |
2018-06-01 | $149,500 (12.5%) | $208,000 (2.4%) | 0.00 | 107 |
2018-07-01 | $130,600 (-0.1%) | $196,593 (-1.6%) | 0.00 | 118 |
2018-08-01 | $129,363 (0.6%) | $193,326 (-1.4%) | 0.00 | 123 |
2018-09-01 | $129,900 (0.4%) | $184,578 (-5.4%) | 0.00 | 134 |
2018-10-01 | $137,000 (9.6%) | $192,085 (-1.1%) | 0.00 | 126 |
2018-11-01 | $139,350 (14.6%) | $176,081 (-10.3%) | 0.00 | 121 |
2018-12-01 | $139,000 (14.9%) | $188,616 (-3.7%) | 0.00 | 111 |
2019-01-01 | $139,200 (9.6%) | $198,444 (15.2%) | 0.00 | 91 |
2019-02-01 | $132,500 (2.2%) | $187,784 (3.7%) | 0.00 | 84 |
2019-03-01 | $126,464 (-2.0%) | $195,739 (3.5%) | 0.00 | 78 |
2019-04-01 | $134,589 (-5.4%) | $209,746 (6.2%) | 0.00 | 79 |
2019-05-01 | $138,700 (4.7%) | $207,700 (4.9%) | 0.00 | 86 |
2019-06-01 | $152,250 (1.8%) | $191,607 (-7.9%) | 0.00 | 92 |
2019-07-01 | $173,675 (33.0%) | $203,607 (3.6%) | 0.00 | 92 |
2019-08-01 | $170,677 (31.9%) | $206,112 (6.6%) | 0.00 | 102 |
2019-09-01 | $159,018 (22.4%) | $202,605 (9.8%) | 0.00 | 107 |
2019-10-01 | $155,645 (13.6%) | $201,882 (5.1%) | 0.00 | 110 |
2019-11-01 | $151,083 (8.4%) | $191,509 (8.8%) | 0.00 | 101 |
2019-12-01 | $139,900 (0.7%) | $179,802 (-4.7%) | 0.00 | 93 |
2020-01-01 | $139,900 (0.5%) | $176,214 (-11.2%) | 0.00 | 86 |
2020-02-01 | $132,450 (0.0%) | $169,046 (-10.0%) | 0.00 | 69 |
2020-03-01 | $139,900 (10.6%) | $194,652 (-0.6%) | 0.00 | 67 |
2020-04-01 | $182,875 (35.9%) | $205,561 (-2.0%) | 0.00 | 63 |
2020-05-01 | $179,900 (29.7%) | $208,094 (0.2%) | 0.00 | 50 |
2020-06-01 | $222,375 (46.1%) | $300,435 (56.8%) | 0.00 | 43 |
2020-07-01 | $250,200 (44.1%) | $330,484 (62.3%) | 0.00 | 34 |
2020-08-01 | $205,000 (20.1%) | $288,890 (40.2%) | 0.00 | 41 |
2020-09-01 | $181,350 (14.0%) | $263,680 (30.1%) | 0.00 | 42 |
2020-10-01 | $175,000 (12.4%) | $256,306 (27.0%) | 0.00 | 44 |
2020-11-01 | $179,500 (18.8%) | $273,251 (42.7%) | 0.00 | 38 |
2020-12-01 | $179,500 (28.3%) | $278,542 (54.9%) | 0.00 | 37 |
2021-01-01 | $193,750 (38.5%) | $313,758 (78.1%) | 0.00 | 24 |
2021-02-01 | $225,000 (69.9%) | $367,302 (117.3%) | 0.00 | 22 |
2021-03-01 | $135,625 (-3.1%) | $318,185 (63.5%) | 0.00 | 25 |
2021-04-01 | $160,925 (-12.0%) | $343,929 (67.3%) | 0.00 | 28 |
2021-05-01 | $174,450 (-3.0%) | $247,797 (19.1%) | 0.00 | 31 |
2021-06-01 | $164,950 (-25.8%) | $240,281 (-20.0%) | 0.00 | 26 |
2021-07-01 | $174,900 (-30.1%) | $226,528 (-31.5%) | 0.00 | 42 |
2021-08-01 | $176,050 (-14.1%) | $200,368 (-30.6%) | 0.00 | 49 |
2021-09-01 | $192,450 (6.1%) | $223,318 (-15.3%) | 0.00 | 58 |
2021-10-01 | $182,450 (4.3%) | $213,653 (-16.6%) | 0.00 | 61 |
2021-11-01 | $188,625 (5.1%) | $210,940 (-22.8%) | 0.00 | 51 |
2021-12-01 | $208,550 (16.2%) | $235,052 (-15.6%) | 0.00 | 37 |
2022-01-01 | $200,000 (3.2%) | $232,389 (-25.9%) | 0.00 | 30 |
2022-02-01 | $209,750 (-6.8%) | $263,152 (-28.4%) | 0.00 | 31 |
2022-03-01 | $185,000 (36.4%) | $263,585 (-17.2%) | 0.00 | 37 |
2022-04-01 | $207,250 (28.8%) | $270,236 (-21.4%) | 0.00 | 39 |
2022-05-01 | $233,425 (33.8%) | $311,765 (25.8%) | 0.00 | 43 |
2022-06-01 | $202,125 (22.5%) | $276,826 (15.2%) | 0.00 | 53 |
2022-07-01 | $215,450 (23.2%) | $275,756 (21.7%) | 0.00 | 71 |
2022-08-01 | $215,675 (22.5%) | $267,745 (33.6%) | 0.00 | 68 |
2022-09-01 | $222,650 (15.7%) | $260,471 (16.6%) | 0.00 | 62 |
2022-10-01 | $249,800 (36.9%) | $266,851 (24.9%) | 0.00 | 62 |
2022-11-01 | $238,625 (26.5%) | $256,489 (21.6%) | 0.00 | 65 |
2022-12-01 | $216,500 (3.8%) | $250,082 (6.4%) | 0.00 | 68 |
2023-01-01 | $236,750 (18.4%) | $251,991 (8.4%) | 0.00 | 52 |
2023-02-01 | $247,450 (18.0%) | $262,333 (-0.3%) | 0.00 | 52 |
2023-03-01 | $263,325 (42.3%) | $261,944 (-0.6%) | 0.00 | 43 |
2023-04-01 | $195,000 (-5.9%) | $245,123 (-9.3%) | 0.00 | 48 |
2023-05-01 | $197,475 (-15.4%) | $241,632 (-22.5%) | 0.00 | 38 |
2023-06-01 | $242,475 (20.0%) | $303,019 (9.5%) | 0.00 | 45 |
2023-07-01 | $264,950 (23.0%) | $326,430 (18.4%) | 0.00 | 51 |
2023-08-01 | $244,000 (13.1%) | $284,361 (6.2%) | 0.00 | 55 |
2023-09-01 | $240,000 (7.8%) | $276,872 (6.3%) | 0.00 | 63 |
2023-10-01 | $240,000 (-3.9%) | $289,981 (8.7%) | 0.00 | 71 |
2023-11-01 | $247,200 (3.6%) | $302,093 (17.8%) | 0.00 | 74 |
2023-12-01 | $239,500 (10.6%) | $278,410 (11.3%) | 0.00 | 69 |
2024-01-01 | $239,750 (1.3%) | $288,384 (14.4%) | 0.00 | 58 |
2024-02-01 | $262,100 (5.9%) | $321,486 (22.6%) | 0.00 | 46 |
2024-03-01 | $242,450 (-7.9%) | $354,877 (35.5%) | 0.00 | 43 |
2024-04-01 | $257,191 (31.9%) | $390,051 (59.1%) | 0.00 | 37 |
2024-05-01 | $281,166 (42.4%) | $395,814 (63.8%) | 0.00 | 50 |
2024-06-01 | $277,450 (14.4%) | $367,211 (21.2%) | 0.00 | 72 |
2024-07-01 | $263,700 (-0.5%) | $331,583 (1.6%) | 0.00 | 77 |
2024-08-01 | $260,000 (6.6%) | $340,589 (19.8%) | 0.00 | 78 |
2024-09-01 | $260,000 (8.3%) | $344,394 (24.4%) | 0.00 | 99 |
2024-10-01 | $257,450 (7.3%) | $330,820 (14.1%) | 0.00 | 97 |
Wilmington's median listing price comes in at 0% of the national average.
Wilmington's average listing price for 2024-10-01 was $330,820, a difference of $40,839 (14.1%) versus the prior year and $-13,574 versus the prior month.
For the 2024-10-01 period, Wilmington had 97 MLS listings, a difference of -2 listings (-2%) versus the prior month and 26 listings (37%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Wilmington (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,725 sqft |
2018-02-01 | 0 days | 1,729 sqft |
2018-03-01 | 0 days | 1,792 sqft |
2018-04-01 | 0 days | 1,845 sqft |
2018-05-01 | 0 days | 1,812 sqft |
2018-06-01 | 0 days | 1,796 sqft |
2018-07-01 | 0 days | 1,714 sqft |
2018-08-01 | 0 days | 1,668 sqft |
2018-09-01 | 0 days | 1,642 sqft |
2018-10-01 | 0 days | 1,658 sqft |
2018-11-01 | 0 days | 1,671 sqft |
2018-12-01 | 0 days | 1,680 sqft |
2019-01-01 | 0 days | 1,708 sqft |
2019-02-01 | 0 days | 1,672 sqft |
2019-03-01 | 0 days | 1,587 sqft |
2019-04-01 | 0 days | 1,560 sqft |
2019-05-01 | 0 days | 1,724 sqft |
2019-06-01 | 0 days | 1,600 sqft |
2019-07-01 | 0 days | 1,794 sqft |
2019-08-01 | 0 days | 1,766 sqft |
2019-09-01 | 0 days | 1,714 sqft |
2019-10-01 | 0 days | 1,674 sqft |
2019-11-01 | 0 days | 1,610 sqft |
2019-12-01 | 0 days | 1,469 sqft |
2020-01-01 | 0 days | 1,483 sqft |
2020-02-01 | 0 days | 1,458 sqft |
2020-03-01 | 0 days | 1,648 sqft |
2020-04-01 | 0 days | 1,686 sqft |
2020-05-01 | 0 days | 1,728 sqft |
2020-06-01 | 0 days | 1,879 sqft |
2020-07-01 | 0 days | 2,143 sqft |
2020-08-01 | 0 days | 1,887 sqft |
2020-09-01 | 0 days | 1,603 sqft |
2020-10-01 | 0 days | 1,461 sqft |
2020-11-01 | 0 days | 1,443 sqft |
2020-12-01 | 0 days | 1,457 sqft |
2021-01-01 | 0 days | 1,460 sqft |
2021-02-01 | 0 days | 1,647 sqft |
2021-03-01 | 0 days | 1,455 sqft |
2021-04-01 | 0 days | 1,442 sqft |
2021-05-01 | 0 days | 1,528 sqft |
2021-06-01 | 0 days | 1,516 sqft |
2021-07-01 | 0 days | 1,660 sqft |
2021-08-01 | 0 days | 1,513 sqft |
2021-09-01 | 0 days | 1,578 sqft |
2021-10-01 | 0 days | 1,629 sqft |
2021-11-01 | 0 days | 1,782 sqft |
2021-12-01 | 0 days | 1,650 sqft |
2022-01-01 | 0 days | 1,608 sqft |
2022-02-01 | 0 days | 1,910 sqft |
2022-03-01 | 0 days | 1,396 sqft |
2022-04-01 | 0 days | 1,568 sqft |
2022-05-01 | 0 days | 1,798 sqft |
2022-06-01 | 0 days | 1,703 sqft |
2022-07-01 | 0 days | 1,630 sqft |
2022-08-01 | 0 days | 1,550 sqft |
2022-09-01 | 0 days | 1,665 sqft |
2022-10-01 | 0 days | 1,722 sqft |
2022-11-01 | 0 days | 1,779 sqft |
2022-12-01 | 0 days | 1,580 sqft |
2023-01-01 | 0 days | 1,660 sqft |
2023-02-01 | 0 days | 1,711 sqft |
2023-03-01 | 0 days | 1,534 sqft |
2023-04-01 | 0 days | 1,512 sqft |
2023-05-01 | 0 days | 1,603 sqft |
2023-06-01 | 0 days | 1,746 sqft |
2023-07-01 | 0 days | 1,729 sqft |
2023-08-01 | 0 days | 1,598 sqft |
2023-09-01 | 0 days | 1,586 sqft |
2023-10-01 | 0 days | 1,681 sqft |
2023-11-01 | 0 days | 1,683 sqft |
2023-12-01 | 0 days | 1,600 sqft |
2024-01-01 | 0 days | 1,533 sqft |
2024-02-01 | 0 days | 1,666 sqft |
2024-03-01 | 0 days | 1,718 sqft |
2024-04-01 | 0 days | 1,802 sqft |
2024-05-01 | 0 days | 1,804 sqft |
2024-06-01 | 0 days | 1,700 sqft |
2024-07-01 | 0 days | 1,749 sqft |
2024-08-01 | 0 days | 1,680 sqft |
2024-09-01 | 0 days | 1,756 sqft |
2024-10-01 | 0 days | 1,728 sqft |
Wilmington's median square footage for active listings during the 2024-10-01 period was 1,728 sqft. One year prior, the average listing was 1,681 sqft.