Wooster VA Loan Rates, Closing Costs & Stats

Wooster, OH

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 101 VA loans during 2024. The total origination value was $27,365,000, with an average VA loan value of $270,941.

    Wooster VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Wooster averaged 0.64% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Wooster's average VA mortgage closing costs are $5,568.

    The average rate for the prior week (2025-06-13) was 6.99% and one month ago for the week of 2025-05-16, the average rate was 7.15%.

    The average rate one year ago was 6.95%.

    For refis of the same type during the week of 2025-06-20, the average rate was 1.03%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 18 6.50% $5,667
    QUICKEN LOANS, LLC 11 6.30% $9,703
    CROSSCOUNTRY MORTGAGE, LLC 10 6.54% $7,050
    UNION HOME MORTGAGE CORP. 7 6.80% $8,782
    FREEDOM MORTGAGE CORPORATION 7 6.23% $10,650
    UNITED WHOLESALE MORTGAGE, LLC 6 5.85% $5,609
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.19% $2,722
    PENNYMAC LOAN SERVICES, LLC 4 5.88% $5,825
    GUARANTEED RATE, INC. 3 6.28% $5,653
    HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.25% $11,187
    NEWREZ LLC 2 6.00% $14,703
    Nations Lending Corporation 2 6.75% $14,400
    NEW DAY FINANCIAL, LLC 2 6.49% $3,918
    POLARIS HOME FUNDING CORP. 1 5.75% $14,556
    RELIANCE FIRST CAPITAL, LLC 1 7.00% $4,958
    The Federal Savings Bank 1 6.50% $24,728
    The Huntington National Bank 1 5.50% $5,249
    USAA Federal Savings Bank 1 6.63% $2,759
    Barrington Bank & Trust Company, N.A. 1 6.25% $3,124
    VILLAGE CAPITAL MORTGAGE 1 5.75% $4,339
    Capital Bank 1 5.75% $2,541
    CARDINAL FINANCIAL 1 6.75% $13,827
    FIRST COMMUNITY MORTGAGE, INC. 1 7.00% $5,328
    First Federal Savings and Loan Association of Lakewood 1 6.00% $18,055
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.25% $0
    Ixonia Bank 1 5.75% $3,527
    LIBERTY HOME MORTGAGE CORPORATION 1 7.25% $6,858
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $6,732
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $3,604
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.63% $9,085
    NAVY FEDERAL CREDIT UNION 1 5.50% $3,037
    NFM, INC. 1 6.63% $14,706

    The top Wooster VA lender as defined by loan originations is Mortgage Research Center, LLC, with 18 VA loans originated. Their average total fees are $5,667, which is $4,036 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Wooster VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,667), CROSSCOUNTRY MORTGAGE, LLC ($7,050), QUICKEN LOANS, LLC ($9,703), .

    The lowest rate Wooster VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.30%), Mortgage Research Center, LLC (6.50%), CROSSCOUNTRY MORTGAGE, LLC (6.54%), .

    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.