Youngstown VA Loans

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA

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 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.

Youngstown's 107 lenders originated 1,051 VA loans during 2021. The total origination value was $189,405,000, with an average VA loan value of $180,214.

Youngstown VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Youngstown averaged 5.23% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

The average rate for the prior week (2022-07-29) was 5.39% and one month ago for the week of 2022-07-01, the average rate was 5.81%.

The average rate one year ago was 2.99%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.55%.

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

Youngstown VA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Youngstown level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 150 2.92% $4,430
QUICKEN LOANS, LLC 102 2.57% $4,327
FREEDOM MORTGAGE CORPORATION 74 2.64% $2,924
Waterstone Mortgage Corporation 52 3.12% $7,051
NEW DAY FINANCIAL, LLC 31 2.86% $6,601
PENNYMAC LOAN SERVICES, LLC 30 2.51% $4,202
VILLAGE CAPITAL & INVESTMENT LLC 27 2.40% $2,709
USAA Federal Savings Bank 22 2.82% $2,941
WEST PENN FINANCIAL SERVICE CENTER, INC. 19 2.64% $5,699
NAVY FEDERAL CREDIT UNION 18 2.48% $4,352
GUARANTEED RATE, INC. 18 2.69% $5,588
CALIBER HOME LOANS, INC. 17 2.82% $3,437
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 2.99% $2,915
UNION HOME MORTGAGE CORP. 16 2.55% $3,180
UNITED WHOLESALE MORTGAGE, LLC 15 2.62% $3,607
CLEARPATH LENDING 14 2.38% $4,448
LOANDEPOT.COM, LLC 14 2.66% $3,237
AMERIFIRST FINANCIAL CORPORATION 14 3.16% $6,480
CROSSCOUNTRY MORTGAGE, LLC 14 3.09% $6,631
The Huntington National Bank 13 3.17% $3,889
Mr. Cooper ( Nationstar Mortgage ) 13 3.30% $2,800
Barrington Bank & Trust Company, N.A. 11 2.98% $6,431
HOWARD HANNA FINANCIAL SERVICES, INC. 11 2.82% $7,568
Seven Seventeen Credit Union 10 3.43% $5,513
Citizens Bank 9 2.86% $5,530
Low VA Rates, LLC 9 2.32% $3,126
RAPID MORTGAGE COMPANY 9 3.18% $5,184
Wells Fargo Bank 8 2.63% $4,899
Ixonia Bank 7 3.29% $5,099
NEWREZ LLC 6 2.75% $4,574
The Federal Savings Bank 6 2.90% $2,765
Carrington Mortgage Services, LLC 6 2.94% $3,288
LIBERTY HOME MORTGAGE CORPORATION 6 3.06% $6,590
HOMESIDE FINANCIAL, LLC 6 2.98% $5,422
LAKEVIEW LOAN SERVICING, LLC 6 2.62% $2,166
First Guaranty Mortgage Corporation 5 2.88% $2,007
EQUITY RESOURCES, INC. 5 2.88% $3,935
NATIONWIDE MORTGAGE BANKERS, INC. 4 3.22% $3,560
TOP FLITE FINANCIAL, INC. 4 3.53% $6,247
Equity Prime Mortgage LLC 4 3.94% $3,306
Nations Lending Corporation 3 3.04% $6,590
MUTUAL OF OMAHA MORTGAGE, INC. 3 2.79% $2,888
PENTAGON FEDERAL CREDIT UNION 3 2.54% $1,256
RELIANCE FIRST CAPITAL, LLC 3 3.21% $8,363
First Commonwealth Bank 3 2.33% $3,708
TJC Mortgage, Inc. 2 2.25% $5,799
AMERICAN FINANCIAL NETWORK, INC. 2 2.25% $8,783
American Midwest Mortgage Corporation 2 3.25% $2,646
AMERISAVE MORTGAGE CORPORATION 2 2.81% $5,473
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.38% $9,475
CELEBRITY HOME LOANS, LLC 2 3.00% $4,831
CityWorth Mortgage LLC 2 2.88% $2,296
DRAPER AND KRAMER MORTGAGE CORP. 2 3.50% $2,258
First Federal Bank 2 2.94% $3,823
First National Bank of Pennsylvania 2 2.69% $6,450
Flagstar Bank, FSB 2 3.30% $6,022
GUILD MORTGAGE COMPANY 2 3.13% $5,866
MID AMERICA MORTGAGE, INC. 2 2.93% $3,792
Mid-Continent Funding, Inc. 2 2.81% $6,517
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 2.81% $2,957
NBKC BANK 2 2.50% $4,476
North American Savings Bank, F.S.B. 2 2.25% $1,700
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.25% $5,936
ROYAL UNITED MORTGAGE LLC 2 3.31% $2,785
RUOFF MORTGAGE COMPANY, INC. 2 3.06% $2,244
SUN WEST MORTGAGE COMPANY, INC. 2 2.31% $5,338
The Cortland Savings and Banking Company 2 2.81% $3,142
AFFORDABLE MORTGAGE ADVISORS, LLC. 2 2.69% $5,225
BROKER SOLUTIONS, INC. 1 4.13% $12,093
NVR Mortgage Finance, Inc. 1 2.88% $1,632
OCEANSIDE MORTGAGE COMPANY 1 2.88% $450
Hometown Lenders, Inc. 1 3.25% $9,680
HALLMARK HOME MORTGAGE, LLC 1 2.75% $7,775
PHH Mortgage Corporation 1 3.13% $2,991
PNC Bank 1 2.63% $2,048
POLARIS HOME FUNDING CORP. 1 3.50% $5,799
U.S. Bank 1 2.63% $5,914
GUARANTEED RATE AFFINITY, LLC 1 2.75% $1,665
Goldwater Bank, N.A. 1 2.50% $8,590
First Home Bank 1 2.63% $13,702
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $7,088
Victorian Finance, LLC 1 2.75% $8,114
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.38% $6,701
First Federal Savings and Loan Association of Lakewood 1 2.25% $4,501
SIGNATURE MORTGAGE CORPORATION 1 2.88% $3,125
SOVEREIGN LENDING GROUP INCORPORATED 1 2.75% $3,229
Stride Bank 1 2.88% $3,426
Amerifirst Financial, Inc. 1 2.63% $525
TCF National Bank 1 2.25% $11,866
AMERICAN FINANCIAL RESOURCES, INC. 1 3.38% $10,260
EMBRACE HOME LOANS, INC. 1 2.25% $4,605
East Coast Capital Corp. 1 3.25% $2,154
The Union Bank Company 1 2.88% $3,564
AMCAP MORTGAGE, LTD. 1 3.25% $14,857
DEVELOPER'S MORTGAGE COMPANY 1 2.75% $3,067
TOWNE MORTGAGE COMPANY 1 3.25% $5,774
UNION CAPITAL MORTGAGE CORPORATION 1 2.50% $1,665
DAS Acquisition Company, LLC 1 2.38% $1,890
Union Savings Bank 1 2.25% $0
MYCUMORTGAGE, LLC 1 2.88% $2,898
NATIONS DIRECT MORTGAGE, LLC 1 3.50% $5,940
MOVEMENT MORTGAGE, LLC 1 3.13% $2,622
MICHIGAN MUTUAL, INC. 1 3.88% $3,252
Magnolia Bank 1 3.25% $6,688
CMG MORTGAGE, INC. 1 2.75% $7,593
LOANPAL, LLC 1 2.50% $6,052
Lakeview Community Capital, LLC 1 3.13% $2,254

The top Youngstown VA lender as defined by loan originations is Mortgage Research Center, LLC, with 150 VA loans originated. Their average total fees are $4,430, which is $103 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Youngstown VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($2,709), Mr. Cooper ( Nationstar Mortgage ) ($2,800), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($2,915), FREEDOM MORTGAGE CORPORATION ($2,924) and USAA Federal Savings Bank ($2,941).

The lowest rate Youngstown VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.38%), VILLAGE CAPITAL & INVESTMENT LLC (2.40%), NAVY FEDERAL CREDIT UNION (2.48%), PENNYMAC LOAN SERVICES, LLC (2.51%) and UNION HOME MORTGAGE CORP. (2.55%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Youngstown (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 $104,859 (13.4%) $147,940 (4.9%) 0.39 1,864
2018-02-01 $100,950 (6.3%) $147,558 (1.7%) 0.36 1,797
2018-03-01 $108,000 (10.2%) $152,533 (5.5%) 0.37 1,732
2018-04-01 $110,450 (11.6%) $152,131 (5.2%) 0.37 1,671
2018-05-01 $117,500 (17.5%) $157,714 (4.7%) 0.39 1,708
2018-06-01 $118,500 (18.6%) $157,869 (6.3%) 0.40 1,741
2018-07-01 $117,500 (12.0%) $157,438 (7.6%) 0.39 1,869
2018-08-01 $119,450 (13.9%) $162,378 (11.4%) 0.40 1,909
2018-09-01 $120,000 (9.6%) $161,656 (9.1%) 0.40 1,900
2018-10-01 $119,950 (10.1%) $162,752 (9.2%) 0.40 1,924
2018-11-01 $119,450 (8.7%) $162,438 (7.8%) 0.40 1,872
2018-12-01 $119,500 (13.8%) $163,089 (10.8%) 0.41 1,748
2019-01-01 $119,900 (14.3%) $162,027 (9.5%) 0.41 1,679
2019-02-01 $119,900 (18.8%) $161,642 (9.5%) 0.40 1,618
2019-03-01 $122,043 (13.0%) $168,756 (10.6%) 0.40 1,592
2019-04-01 $122,093 (10.5%) $173,059 (13.8%) 0.38 1,597
2019-05-01 $123,700 (5.3%) $173,728 (10.2%) 0.38 1,556
2019-06-01 $128,500 (8.4%) $179,480 (13.7%) 0.40 1,665
2019-07-01 $129,900 (10.6%) $180,591 (14.7%) 0.40 1,723
2019-08-01 $129,086 (8.1%) $178,274 (9.8%) 0.41 1,751
2019-09-01 $128,636 (7.2%) $176,032 (8.9%) 0.41 1,776
2019-10-01 $125,000 (4.2%) $175,138 (7.6%) 0.40 1,742
2019-11-01 $122,900 (2.9%) $173,549 (6.8%) 0.40 1,684
2019-12-01 $119,900 (0.3%) $172,410 (5.7%) 0.40 1,617
2020-01-01 $119,950 (0.0%) $172,344 (6.4%) 0.40 1,505
2020-02-01 $119,900 (0.0%) $171,208 (5.9%) 0.39 1,378
2020-03-01 $120,450 (-1.3%) $176,976 (4.9%) 0.38 1,265
2020-04-01 $119,700 (-2.0%) $175,142 (1.2%) 0.37 1,201
2020-05-01 $128,500 (3.9%) $184,362 (6.1%) 0.39 1,099
2020-06-01 $131,450 (2.3%) $192,715 (7.4%) 0.38 1,003
2020-07-01 $134,850 (3.8%) $193,185 (7.0%) 0.39 918
2020-08-01 $135,000 (4.6%) $195,025 (9.4%) 0.39 859
2020-09-01 $139,950 (8.8%) $204,927 (16.4%) 0.40 791
2020-10-01 $139,900 (11.9%) $205,252 (17.2%) 0.40 813
2020-11-01 $137,900 (12.2%) $201,803 (16.3%) 0.39 811
2020-12-01 $137,500 (14.7%) $201,323 (16.8%) 0.40 749
2021-01-01 $134,900 (12.5%) $197,893 (14.8%) 0.40 636
2021-02-01 $132,450 (10.5%) $204,104 (19.2%) 0.38 517
2021-03-01 $129,900 (7.9%) $192,075 (8.5%) 0.36 462
2021-04-01 $131,450 (9.8%) $197,172 (12.6%) 0.35 442
2021-05-01 $139,900 (8.9%) $211,230 (14.6%) 0.37 460
2021-06-01 $135,200 (2.9%) $199,829 (3.7%) 0.35 570
2021-07-01 $138,250 (2.5%) $195,104 (1.0%) 0.36 681
2021-08-01 $132,400 (-1.9%) $192,050 (-1.5%) 0.35 762
2021-09-01 $129,900 (-7.2%) $192,610 (-6.0%) 0.34 764
2021-10-01 $129,900 (-7.2%) $191,072 (-6.9%) 0.34 757
2021-11-01 $127,000 (-7.9%) $186,786 (-7.4%) 0.33 738
2021-12-01 $125,450 (-8.8%) $191,863 (-4.7%) 0.33 651
2022-01-01 $119,900 (-11.1%) $182,170 (-8.0%) 0.32 570
2022-02-01 $118,000 (-10.9%) $185,573 (-9.1%) 0.30 484
2022-03-01 $125,450 (-3.4%) $200,263 (4.3%) 0.31 428
2022-04-01 $129,900 (-1.2%) $202,380 (2.6%) 0.31 457
2022-05-01 $132,500 (-5.3%) $202,484 (-4.1%) 0.30 554
2022-06-01 $146,750 (8.5%) $207,260 (3.7%) 0.33 653
Youngstown's median listing price for 2022-06-01 was $146,750, a difference of $11,550 (8.5%) versus the prior year and $14,250 versus the prior month.

Youngstown's median listing price comes in at 33% of the national average.

Youngstown's average listing price for 2022-06-01 was $207,260, a difference of $7,431 (3.7%) versus the prior year and $4,776 versus the prior month.

For the 2022-06-01 period, Youngstown had 653 MLS listings, a difference of 99 listings (18%) versus the prior month and 83 listings (15%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Youngstown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 107 days 1,512 sqft
2018-02-01 109 days 1,504 sqft
2018-03-01 94 days 1,508 sqft
2018-04-01 82 days 1,511 sqft
2018-05-01 75 days 1,535 sqft
2018-06-01 70 days 1,568 sqft
2018-07-01 67 days 1,689 sqft
2018-08-01 66 days 1,707 sqft
2018-09-01 68 days 1,710 sqft
2018-10-01 71 days 1,712 sqft
2018-11-01 76 days 1,706 sqft
2018-12-01 91 days 1,703 sqft
2019-01-01 102 days 1,702 sqft
2019-02-01 105 days 1,708 sqft
2019-03-01 93 days 1,714 sqft
2019-04-01 79 days 1,712 sqft
2019-05-01 71 days 1,632 sqft
2019-06-01 67 days 1,640 sqft
2019-07-01 66 days 1,666 sqft
2019-08-01 66 days 1,671 sqft
2019-09-01 71 days 1,702 sqft
2019-10-01 74 days 1,706 sqft
2019-11-01 78 days 1,694 sqft
2019-12-01 86 days 1,689 sqft
2020-01-01 95 days 1,664 sqft
2020-02-01 95 days 1,658 sqft
2020-03-01 85 days 1,649 sqft
2020-04-01 86 days 1,626 sqft
2020-05-01 92 days 1,681 sqft
2020-06-01 89 days 1,708 sqft
2020-07-01 58 days 1,756 sqft
2020-08-01 53 days 1,733 sqft
2020-09-01 54 days 1,746 sqft
2020-10-01 51 days 1,762 sqft
2020-11-01 52 days 1,729 sqft
2020-12-01 67 days 1,717 sqft
2021-01-01 79 days 1,716 sqft
2021-02-01 77 days 1,701 sqft
2021-03-01 59 days 1,647 sqft
2021-04-01 49 days 1,650 sqft
2021-05-01 42 days 1,687 sqft
2021-06-01 35 days 1,598 sqft
2021-07-01 37 days 1,556 sqft
2021-08-01 43 days 1,536 sqft
2021-09-01 46 days 1,526 sqft
2021-10-01 49 days 1,511 sqft
2021-11-01 48 days 1,544 sqft
2021-12-01 57 days 1,514 sqft
2022-01-01 69 days 1,503 sqft
2022-02-01 70 days 1,466 sqft
2022-03-01 56 days 1,520 sqft
2022-04-01 40 days 1,522 sqft
2022-05-01 36 days 1,523 sqft
2022-06-01 37 days 1,571 sqft
Youngstown's median listing age (time on market) for 2022-06-01 was 37 days. This is 7% longer than the same period one year ago.

Youngstown's median square footage for active listings during the 2022-06-01 period was 1,571 sqft. One year prior, the average listing was 1,598 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.