Wooster VA Loan Rates, Closing Costs & Stats
Wooster, 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.
Wooster's 32 lenders originated 78 VA loans during 2023. The total origination value was $18,910,000, with an average VA loan value of $242,436.
Wooster VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Wooster
averaged
0.34%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Wooster's average VA mortgage closing costs are $5,315.
The average rate for the prior week (2024-11-22) was
6.91% and
one month ago for the week of 2024-10-25, the
average rate was 6.5%.
The average rate one year ago was 7.05%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.78%.
Wooster 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 Wooster level.
The top Wooster VA lender as defined by loan originations is Mortgage Research Center, LLC, with
16 VA loans originated. Their average total fees are
$7,229, which is $3,192
lower than the next largest lender,
CROSSCOUNTRY MORTGAGE, LLC.
The lowest fee Wooster VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($7,229), .
The lowest rate Wooster VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.63%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Wooster (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 | $162,814 (25.8%) | $203,638 (18.3%) | 0.00 | 158 |
2018-02-01 | $162,225 (20.2%) | $210,323 (14.9%) | 0.00 | 151 |
2018-03-01 | $159,950 (16.3%) | $220,631 (17.0%) | 0.00 | 157 |
2018-04-01 | $163,200 (16.6%) | $214,410 (14.9%) | 0.00 | 155 |
2018-05-01 | $159,900 (13.8%) | $212,455 (15.6%) | 0.00 | 171 |
2018-06-01 | $166,250 (16.3%) | $221,145 (19.5%) | 0.00 | 185 |
2018-07-01 | $164,950 (17.9%) | $225,297 (23.6%) | 0.00 | 187 |
2018-08-01 | $167,625 (11.8%) | $216,148 (13.2%) | 0.00 | 224 |
2018-09-01 | $165,000 (10.8%) | $213,982 (10.7%) | 0.00 | 215 |
2018-10-01 | $168,548 (12.9%) | $214,069 (10.2%) | 0.00 | 218 |
2018-11-01 | $173,425 (10.2%) | $214,443 (9.1%) | 0.00 | 209 |
2018-12-01 | $179,900 (14.1%) | $223,546 (15.2%) | 0.00 | 191 |
2019-01-01 | $179,900 (10.5%) | $226,544 (11.3%) | 0.00 | 171 |
2019-02-01 | $179,900 (10.9%) | $230,964 (9.8%) | 0.00 | 149 |
2019-03-01 | $195,400 (22.2%) | $237,663 (7.7%) | 0.00 | 145 |
2019-04-01 | $213,484 (30.8%) | $241,968 (12.9%) | 0.00 | 142 |
2019-05-01 | $175,000 (9.4%) | $219,350 (3.3%) | 0.00 | 152 |
2019-06-01 | $184,950 (11.3%) | $234,367 (6.0%) | 0.00 | 157 |
2019-07-01 | $180,250 (9.3%) | $231,681 (2.8%) | 0.00 | 173 |
2019-08-01 | $185,318 (10.6%) | $228,965 (5.9%) | 0.00 | 177 |
2019-09-01 | $179,795 (9.0%) | $221,190 (3.4%) | 0.00 | 175 |
2019-10-01 | $176,114 (4.5%) | $214,846 (0.4%) | 0.00 | 174 |
2019-11-01 | $175,500 (1.2%) | $213,839 (-0.3%) | 0.00 | 160 |
2019-12-01 | $171,175 (-4.9%) | $207,622 (-7.1%) | 0.00 | 155 |
2020-01-01 | $172,550 (-4.1%) | $211,060 (-6.8%) | 0.00 | 140 |
2020-02-01 | $165,000 (-8.3%) | $208,272 (-9.8%) | 0.00 | 128 |
2020-03-01 | $161,450 (-17.4%) | $206,598 (-13.1%) | 0.00 | 126 |
2020-04-01 | $167,400 (-21.6%) | $207,756 (-14.1%) | 0.00 | 110 |
2020-05-01 | $162,900 (-6.9%) | $208,617 (-4.9%) | 0.00 | 95 |
2020-06-01 | $186,225 (0.7%) | $231,493 (-1.2%) | 0.00 | 98 |
2020-07-01 | $202,150 (12.2%) | $234,486 (1.2%) | 0.00 | 97 |
2020-08-01 | $205,000 (10.6%) | $227,265 (-0.7%) | 0.00 | 100 |
2020-09-01 | $208,350 (15.9%) | $244,402 (10.5%) | 0.00 | 116 |
2020-10-01 | $189,950 (7.9%) | $233,895 (8.9%) | 0.00 | 108 |
2020-11-01 | $183,650 (4.6%) | $228,706 (7.0%) | 0.00 | 96 |
2020-12-01 | $178,450 (4.3%) | $224,607 (8.2%) | 0.00 | 94 |
2021-01-01 | $166,950 (-3.3%) | $228,294 (8.2%) | 0.00 | 82 |
2021-02-01 | $194,700 (18.0%) | $253,736 (21.8%) | 0.00 | 63 |
2021-03-01 | $182,000 (12.7%) | $244,353 (18.3%) | 0.00 | 49 |
2021-04-01 | $199,950 (19.4%) | $253,647 (22.1%) | 0.00 | 51 |
2021-05-01 | $200,000 (22.8%) | $246,102 (18.0%) | 0.00 | 59 |
2021-06-01 | $199,975 (7.4%) | $233,334 (0.8%) | 0.00 | 66 |
2021-07-01 | $215,000 (6.4%) | $277,038 (18.2%) | 0.00 | 82 |
2021-08-01 | $197,225 (-3.8%) | $266,286 (17.2%) | 0.00 | 82 |
2021-09-01 | $193,450 (-7.2%) | $277,942 (13.7%) | 0.00 | 73 |
2021-10-01 | $199,900 (5.2%) | $270,703 (15.7%) | 0.00 | 80 |
2021-11-01 | $199,000 (8.4%) | $277,944 (21.5%) | 0.00 | 75 |
2021-12-01 | $199,925 (12.0%) | $279,629 (24.5%) | 0.00 | 59 |
2022-01-01 | $229,000 (37.2%) | $235,116 (3.0%) | 0.00 | 72 |
2022-02-01 | $224,000 (15.1%) | $264,947 (4.4%) | 0.00 | 52 |
2022-03-01 | $221,465 (21.7%) | $290,512 (18.9%) | 0.00 | 47 |
2022-04-01 | $210,000 (5.0%) | $269,803 (6.4%) | 0.00 | 54 |
2022-05-01 | $223,575 (11.8%) | $271,330 (10.3%) | 0.00 | 62 |
2022-06-01 | $260,000 (30.0%) | $277,387 (18.9%) | 0.00 | 73 |
2022-07-01 | $255,900 (19.0%) | $285,521 (3.1%) | 0.00 | 83 |
2022-08-01 | $253,925 (28.8%) | $285,278 (7.1%) | 0.00 | 92 |
2022-09-01 | $229,500 (18.6%) | $270,011 (-2.9%) | 0.00 | 87 |
2022-10-01 | $223,700 (11.9%) | $261,140 (-3.5%) | 0.00 | 95 |
2022-11-01 | $235,000 (18.1%) | $272,186 (-2.1%) | 0.00 | 89 |
2022-12-01 | $225,000 (12.5%) | $258,585 (-7.5%) | 0.00 | 83 |
2023-01-01 | $229,600 (0.3%) | $265,189 (12.8%) | 0.00 | 71 |
2023-02-01 | $244,950 (9.4%) | $267,582 (1.0%) | 0.00 | 73 |
2023-03-01 | $256,225 (15.7%) | $273,908 (-5.7%) | 0.00 | 76 |
2023-04-01 | $239,450 (14.0%) | $253,114 (-6.2%) | 0.00 | 71 |
2023-05-01 | $251,700 (12.6%) | $267,750 (-1.3%) | 0.00 | 70 |
2023-06-01 | $267,950 (3.1%) | $280,878 (1.3%) | 0.00 | 80 |
2023-07-01 | $280,000 (9.4%) | $306,102 (7.2%) | 0.00 | 87 |
2023-08-01 | $287,500 (13.2%) | $304,869 (6.9%) | 0.00 | 99 |
2023-09-01 | $275,000 (19.8%) | $292,560 (8.4%) | 0.00 | 107 |
2023-10-01 | $267,450 (19.6%) | $294,824 (12.9%) | 0.00 | 124 |
2023-11-01 | $279,950 (19.1%) | $322,426 (18.5%) | 0.00 | 122 |
2023-12-01 | $277,450 (23.3%) | $334,022 (29.2%) | 0.00 | 109 |
2024-01-01 | $285,000 (24.1%) | $343,089 (29.4%) | 0.00 | 81 |
2024-02-01 | $299,000 (22.1%) | $366,167 (36.8%) | 0.00 | 64 |
2024-03-01 | $282,500 (10.3%) | $367,231 (34.1%) | 0.00 | 57 |
2024-04-01 | $286,225 (19.5%) | $361,022 (42.6%) | 0.00 | 63 |
2024-05-01 | $342,450 (36.1%) | $418,738 (56.4%) | 0.00 | 68 |
2024-06-01 | $324,500 (21.1%) | $379,158 (35.0%) | 0.00 | 91 |
2024-07-01 | $307,450 (9.8%) | $337,154 (10.1%) | 0.00 | 106 |
2024-08-01 | $295,000 (2.6%) | $320,035 (5.0%) | 0.00 | 98 |
2024-09-01 | $281,000 (2.2%) | $308,388 (5.4%) | 0.00 | 106 |
2024-10-01 | $272,975 (2.1%) | $298,624 (1.3%) | 0.00 | 123 |
Wooster's median listing price comes in at 0% of the national average.
Wooster's average listing price for 2024-10-01 was $298,624, a difference of $3,800 (1.3%) versus the prior year and $-9,764 versus the prior month.
For the 2024-10-01 period, Wooster had 123 MLS listings, a difference of 17 listings (16%) versus the prior month and -1 listings (-1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Wooster (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,464 sqft |
2018-02-01 | 0 days | 1,460 sqft |
2018-03-01 | 0 days | 1,456 sqft |
2018-04-01 | 0 days | 1,488 sqft |
2018-05-01 | 0 days | 1,500 sqft |
2018-06-01 | 0 days | 1,528 sqft |
2018-07-01 | 0 days | 1,783 sqft |
2018-08-01 | 0 days | 1,773 sqft |
2018-09-01 | 0 days | 1,822 sqft |
2018-10-01 | 0 days | 1,822 sqft |
2018-11-01 | 0 days | 1,802 sqft |
2018-12-01 | 0 days | 1,864 sqft |
2019-01-01 | 0 days | 1,778 sqft |
2019-02-01 | 0 days | 1,688 sqft |
2019-03-01 | 0 days | 1,697 sqft |
2019-04-01 | 0 days | 1,732 sqft |
2019-05-01 | 0 days | 1,577 sqft |
2019-06-01 | 0 days | 1,670 sqft |
2019-07-01 | 0 days | 1,617 sqft |
2019-08-01 | 0 days | 1,645 sqft |
2019-09-01 | 0 days | 1,685 sqft |
2019-10-01 | 0 days | 1,712 sqft |
2019-11-01 | 0 days | 1,676 sqft |
2019-12-01 | 0 days | 1,672 sqft |
2020-01-01 | 0 days | 1,639 sqft |
2020-02-01 | 0 days | 1,617 sqft |
2020-03-01 | 0 days | 1,626 sqft |
2020-04-01 | 0 days | 1,612 sqft |
2020-05-01 | 0 days | 1,698 sqft |
2020-06-01 | 0 days | 1,695 sqft |
2020-07-01 | 0 days | 1,719 sqft |
2020-08-01 | 0 days | 1,724 sqft |
2020-09-01 | 0 days | 1,750 sqft |
2020-10-01 | 0 days | 1,746 sqft |
2020-11-01 | 0 days | 1,700 sqft |
2020-12-01 | 0 days | 1,712 sqft |
2021-01-01 | 0 days | 1,665 sqft |
2021-02-01 | 0 days | 1,628 sqft |
2021-03-01 | 0 days | 1,615 sqft |
2021-04-01 | 0 days | 1,626 sqft |
2021-05-01 | 0 days | 1,580 sqft |
2021-06-01 | 0 days | 1,592 sqft |
2021-07-01 | 0 days | 1,718 sqft |
2021-08-01 | 0 days | 1,645 sqft |
2021-09-01 | 0 days | 1,718 sqft |
2021-10-01 | 0 days | 1,731 sqft |
2021-11-01 | 0 days | 1,739 sqft |
2021-12-01 | 0 days | 1,675 sqft |
2022-01-01 | 0 days | 1,620 sqft |
2022-02-01 | 0 days | 1,620 sqft |
2022-03-01 | 0 days | 1,713 sqft |
2022-04-01 | 0 days | 1,743 sqft |
2022-05-01 | 0 days | 1,747 sqft |
2022-06-01 | 0 days | 1,867 sqft |
2022-07-01 | 0 days | 1,966 sqft |
2022-08-01 | 0 days | 2,005 sqft |
2022-09-01 | 0 days | 1,809 sqft |
2022-10-01 | 0 days | 1,776 sqft |
2022-11-01 | 0 days | 1,823 sqft |
2022-12-01 | 0 days | 1,672 sqft |
2023-01-01 | 0 days | 1,775 sqft |
2023-02-01 | 0 days | 1,793 sqft |
2023-03-01 | 0 days | 1,967 sqft |
2023-04-01 | 0 days | 1,881 sqft |
2023-05-01 | 0 days | 1,899 sqft |
2023-06-01 | 0 days | 1,891 sqft |
2023-07-01 | 0 days | 2,013 sqft |
2023-08-01 | 0 days | 2,026 sqft |
2023-09-01 | 0 days | 1,942 sqft |
2023-10-01 | 0 days | 1,932 sqft |
2023-11-01 | 0 days | 1,907 sqft |
2023-12-01 | 0 days | 1,884 sqft |
2024-01-01 | 0 days | 1,867 sqft |
2024-02-01 | 0 days | 1,929 sqft |
2024-03-01 | 0 days | 2,017 sqft |
2024-04-01 | 0 days | 1,857 sqft |
2024-05-01 | 0 days | 2,143 sqft |
2024-06-01 | 0 days | 1,998 sqft |
2024-07-01 | 0 days | 1,819 sqft |
2024-08-01 | 0 days | 1,749 sqft |
2024-09-01 | 0 days | 1,780 sqft |
2024-10-01 | 0 days | 1,734 sqft |
Wooster's median square footage for active listings during the 2024-10-01 period was 1,734 sqft. One year prior, the average listing was 1,932 sqft.