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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.