Youngstown VA Loan Rates, Closing Costs & Stats

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 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.

Youngstown's 76 lenders originated 602 VA loans during 2022. The total origination value was $116,590,000, with an average VA loan value of $193,671.

Youngstown VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Youngstown averaged 6.74% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Youngstown's average VA mortgage closing costs are $4,766.

The average rate for the prior week (2024-02-23) was 6.67% and one month ago for the week of 2024-01-26, the average rate was 6.2%.

The average rate one year ago was 6.44%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.84%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Youngstown level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 159 5.25% $5,698
QUICKEN LOANS, LLC 56 4.44% $7,483
Waterstone Mortgage Corporation 38 5.32% $7,685
NEW DAY FINANCIAL, LLC 27 5.55% $7,185
FREEDOM MORTGAGE CORPORATION 24 4.41% $8,910
WEST PENN FINANCIAL SERVICE CENTER, INC. 18 4.73% $6,055
NAVY FEDERAL CREDIT UNION 18 4.54% $4,877
UNITED WHOLESALE MORTGAGE, LLC 17 4.52% $5,183
GUARANTEED RATE, INC. 15 4.89% $4,943
Barrington Bank & Trust Company, N.A. 14 4.47% $6,540
CROSSCOUNTRY MORTGAGE, LLC 12 6.31% $6,065
PENNYMAC LOAN SERVICES, LLC 12 4.16% $7,375
LOANDEPOT.COM, LLC 10 4.79% $11,074
USAA Federal Savings Bank 10 4.00% $4,971
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 4.88% $6,070
The Huntington National Bank 8 5.08% $7,833
UNION HOME MORTGAGE CORP. 6 4.29% $8,775
AMERIFIRST FINANCIAL CORPORATION 5 4.78% $7,706
RAPID MORTGAGE COMPANY 5 5.43% $7,209
The Federal Savings Bank 5 4.73% $6,749
HOWARD HANNA FINANCIAL SERVICES, INC. 5 4.33% $3,765
Mr. Cooper ( Nationstar Mortgage ) 5 4.55% $7,446
NEWREZ LLC 4 5.34% $6,939
Seven Seventeen Credit Union 4 5.13% $2,870
LAKEVIEW LOAN SERVICING, LLC 3 3.67% $2,611
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.75% $6,618
Wells Fargo Bank 3 4.04% $2,958
VILLAGE CAPITAL MORTGAGE 3 4.50% $5,570
Citizens Bank 3 5.25% $7,861
AMERISAVE MORTGAGE CORPORATION 3 4.17% $9,087
Equity Prime Mortgage LLC 3 6.29% $4,711
First Federal Bank of the Midwest 3 4.04% $6,925
BROKER SOLUTIONS, INC. 3 4.95% $12,437
RUOFF MORTGAGE COMPANY, INC. 3 5.33% $7,074
LIBERTY HOME MORTGAGE CORPORATION 3 5.88% $9,284
Mid-Continent Funding, Inc. 2 5.19% $7,924
CALIBER HOME LOANS, INC. 2 5.75% $4,121
CARDINAL FINANCIAL 2 6.00% $12,047
CLEARPATH LENDING 2 3.81% $8,020
EQUITY RESOURCES, INC. 2 4.88% $9,384
Flagstar Bank, FSB 2 6.50% $8,183
HOME POINT FINANCIAL CORPORATION 2 3.81% $12,259
JPMorgan Chase Bank 2 6.50% $2,109
PLANET HOME LENDING, LLC 2 4.62% $3,998
PNC Bank 2 2.88% $8,060
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.44% $5,110
RELIANCE FIRST CAPITAL, LLC 2 5.81% $7,218
Magnolia Bank 1 3.38% $7,777
North American Savings Bank, F.S.B. 1 3.75% $4,158
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.13% $5,651
Lakeview Community Capital, LLC 1 5.13% $7,710
PENTAGON FEDERAL CREDIT UNION 1 2.38% $2,808
Century Mortgage Company DBA Century Lending Company 1 3.13% $15,945
PLAZA HOME MORTGAGE, INC. 1 5.50% $7,567
Carrington Mortgage Services, LLC 1 5.13% $8,748
AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $6,209
Ixonia Bank 1 5.75% $7,585
Hometown Lenders, Inc. 1 4.25% $5,325
Wyndham Capital Mortgage, Inc. 1 2.75% $2,221
ROYAL UNITED MORTGAGE LLC 1 4.75% $10,188
HOMESIDE FINANCIAL, LLC 1 4.25% $6,466
S1L, Inc. 1 5.75% $6,482
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.75% $18,970
STOCKTON MORTGAGE CORPORATION 1 4.13% $4,830
Strong Home Mortgage, LLC 1 3.13% $9,265
SUCCESS MORTGAGE PARTNERS, INC. 1 3.50% $25,215
First Guaranty Mortgage Corporation 1 3.38% $9,354
First Commonwealth Bank 1 5.25% $3,354
FEDERATED MORTGAGE CORP. 1 5.63% $13,993
DEVELOPER'S MORTGAGE COMPANY 1 5.25% $1,820
CONTOUR MORTGAGE CORPORATION 1 5.63% $9,437
CHURCHILL MORTGAGE CORPORATION 1 7.13% $8,025
Nations Lending Corporation 1 5.13% $9,511
NATIONS RELIABLE LENDING, LLC 1 4.75% $11,396
MOVEMENT MORTGAGE, LLC 1 4.00% $2,331
AMERICAN ADVISORS GROUP 1 5.00% $3,236

The top Youngstown VA lender as defined by loan originations is Mortgage Research Center, LLC, with 159 VA loans originated. Their average total fees are $5,698, which is $1,785 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Youngstown VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,877), GUARANTEED RATE, INC. ($4,943), USAA Federal Savings Bank ($4,971), UNITED WHOLESALE MORTGAGE, LLC ($5,183) and Mortgage Research Center, LLC ($5,698).

The lowest rate Youngstown VA lenders (with over 10 loans originated) are USAA Federal Savings Bank (4.00%), PENNYMAC LOAN SERVICES, LLC (4.16%), FREEDOM MORTGAGE CORPORATION (4.41%), QUICKEN LOANS, LLC (4.44%) and Barrington Bank & Trust Company, N.A. (4.47%).


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 $105,000 (11.2%) $150,868 (6.2%) 0.39 1,888
2018-02-01 $102,400 (6.6%) $150,818 (3.6%) 0.37 1,822
2018-03-01 $109,900 (10.7%) $156,364 (7.6%) 0.39 1,755
2018-04-01 $111,250 (11.4%) $156,003 (7.0%) 0.38 1,694
2018-05-01 $118,500 (12.9%) $161,936 (6.4%) 0.40 1,723
2018-06-01 $118,850 (16.5%) $160,759 (6.9%) 0.40 1,760
2018-07-01 $117,750 (12.1%) $159,937 (7.8%) 0.39 1,889
2018-08-01 $119,700 (14.0%) $162,626 (9.4%) 0.40 1,929
2018-09-01 $120,000 (9.1%) $162,693 (7.4%) 0.40 1,928
2018-10-01 $120,937 (10.0%) $163,026 (7.2%) 0.41 1,941
2018-11-01 $119,900 (9.1%) $162,641 (6.0%) 0.41 1,899
2018-12-01 $119,500 (10.1%) $162,438 (7.8%) 0.41 1,749
2019-01-01 $119,900 (14.2%) $161,394 (7.0%) 0.41 1,697
2019-02-01 $119,900 (17.1%) $161,705 (7.2%) 0.41 1,640
2019-03-01 $122,086 (11.1%) $168,839 (8.0%) 0.40 1,610
2019-04-01 $122,111 (9.8%) $172,942 (10.9%) 0.39 1,622
2019-05-01 $124,900 (5.4%) $174,700 (7.9%) 0.39 1,573
2019-06-01 $129,000 (8.5%) $179,819 (11.9%) 0.40 1,680
2019-07-01 $129,900 (10.3%) $180,090 (12.6%) 0.41 1,748
2019-08-01 $129,082 (7.8%) $178,126 (9.5%) 0.41 1,761
2019-09-01 $127,855 (6.6%) $176,186 (8.3%) 0.41 1,779
2019-10-01 $125,950 (4.1%) $175,156 (7.4%) 0.41 1,784
2019-11-01 $122,900 (2.5%) $171,810 (5.6%) 0.40 1,722
2019-12-01 $119,900 (0.3%) $170,627 (5.0%) 0.40 1,644
2020-01-01 $119,900 (0.0%) $170,381 (5.6%) 0.40 1,535
2020-02-01 $119,900 (0.0%) $169,536 (4.8%) 0.39 1,399
2020-03-01 $120,000 (-1.7%) $174,925 (3.6%) 0.38 1,277
2020-04-01 $119,700 (-2.0%) $174,852 (1.1%) 0.37 1,214
2020-05-01 $125,000 (0.1%) $179,592 (2.8%) 0.38 1,114
2020-06-01 $129,900 (0.7%) $186,647 (3.8%) 0.38 1,017
2020-07-01 $130,950 (0.8%) $189,096 (5.0%) 0.38 926
2020-08-01 $135,000 (4.6%) $190,863 (7.2%) 0.39 866
2020-09-01 $137,450 (7.5%) $194,419 (10.4%) 0.39 796
2020-10-01 $136,000 (8.0%) $194,938 (11.3%) 0.39 818
2020-11-01 $136,900 (11.4%) $190,977 (11.2%) 0.40 812
2020-12-01 $135,450 (13.0%) $191,433 (12.2%) 0.40 753
2021-01-01 $129,900 (8.3%) $191,043 (12.1%) 0.39 642
2021-02-01 $129,450 (8.0%) $194,838 (14.9%) 0.38 523
2021-03-01 $129,900 (8.3%) $189,255 (8.2%) 0.37 476
2021-04-01 $131,000 (9.4%) $195,347 (11.7%) 0.35 451
2021-05-01 $139,900 (11.9%) $210,232 (17.1%) 0.37 476
2021-06-01 $135,250 (4.1%) $201,025 (7.7%) 0.36 589
2021-07-01 $138,500 (5.8%) $193,972 (2.6%) 0.37 713
2021-08-01 $132,425 (-1.9%) $192,465 (0.8%) 0.35 767
2021-09-01 $129,900 (-5.5%) $194,245 (-0.1%) 0.35 773
2021-10-01 $129,900 (-4.5%) $193,502 (-0.7%) 0.35 773
2021-11-01 $129,900 (-5.1%) $187,285 (-1.9%) 0.35 751
2021-12-01 $126,350 (-6.7%) $190,472 (-0.5%) 0.34 662
2022-01-01 $119,950 (-7.7%) $183,825 (-3.8%) 0.32 580
2022-02-01 $118,750 (-8.3%) $183,943 (-5.6%) 0.31 486
2022-03-01 $126,250 (-2.8%) $195,504 (3.3%) 0.32 438
2022-04-01 $131,950 (0.7%) $203,499 (4.2%) 0.31 476
2022-05-01 $137,200 (-1.9%) $203,607 (-3.2%) 0.31 567
2022-06-01 $148,000 (9.4%) $207,977 (3.5%) 0.33 675
2022-07-01 $146,950 (6.1%) $211,055 (8.8%) 0.33 761
2022-08-01 $150,000 (13.3%) $211,518 (9.9%) 0.35 815
2022-09-01 $148,250 (14.1%) $208,344 (7.3%) 0.35 855
2022-10-01 $149,714 (15.3%) $207,863 (7.4%) 0.35 862
2022-11-01 $151,250 (16.4%) $209,401 (11.8%) 0.36 826
2022-12-01 $149,900 (18.6%) $207,102 (8.7%) 0.37 757
2023-01-01 $149,900 (25.0%) $208,791 (13.6%) 0.37 656
2023-02-01 $151,200 (27.3%) $208,412 (13.3%) 0.36 576
2023-03-01 $159,900 (26.7%) $224,253 (14.7%) 0.38 563
2023-04-01 $159,900 (21.2%) $232,184 (14.1%) 0.37 521
2023-05-01 $162,450 (18.4%) $235,474 (15.7%) 0.37 511
2023-06-01 $168,750 (14.0%) $238,221 (14.5%) 0.38 559
2023-07-01 $172,250 (17.2%) $241,317 (14.3%) 0.39 606
2023-08-01 $180,538 (20.4%) $245,630 (16.1%) 0.41 676
2023-09-01 $173,650 (17.1%) $238,173 (14.3%) 0.40 782
2023-10-01 $168,675 (12.7%) $229,824 (10.6%) 0.40 903
2023-11-01 $165,000 (9.1%) $225,678 (7.8%) 0.39 897
2023-12-01 $159,900 (6.7%) $219,997 (6.2%) 0.39 864
2024-01-01 $164,225 (9.6%) $223,339 (7.0%) 0.40 790
Youngstown's median listing price for 2024-01-01 was $164,225, a difference of $14,325 (9.6%) versus the prior year and $4,325 versus the prior month.

Youngstown's median listing price comes in at 40% of the national average.

Youngstown's average listing price for 2024-01-01 was $223,339, a difference of $14,548 (7.0%) versus the prior year and $3,342 versus the prior month.

For the 2024-01-01 period, Youngstown had 790 MLS listings, a difference of -74 listings (-9%) versus the prior month and 134 listings (20%) 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
2018-01-01 103 days 1,512 sqft
2018-02-01 103 days 1,506 sqft
2018-03-01 88 days 1,508 sqft
2018-04-01 76 days 1,514 sqft
2018-05-01 70 days 1,535 sqft
2018-06-01 64 days 1,572 sqft
2018-07-01 62 days 1,680 sqft
2018-08-01 61 days 1,700 sqft
2018-09-01 65 days 1,700 sqft
2018-10-01 66 days 1,704 sqft
2018-11-01 71 days 1,697 sqft
2018-12-01 86 days 1,693 sqft
2019-01-01 96 days 1,689 sqft
2019-02-01 100 days 1,703 sqft
2019-03-01 87 days 1,707 sqft
2019-04-01 72 days 1,704 sqft
2019-05-01 67 days 1,629 sqft
2019-06-01 65 days 1,632 sqft
2019-07-01 64 days 1,647 sqft
2019-08-01 66 days 1,655 sqft
2019-09-01 69 days 1,683 sqft
2019-10-01 72 days 1,700 sqft
2019-11-01 81 days 1,696 sqft
2019-12-01 90 days 1,682 sqft
2020-01-01 98 days 1,660 sqft
2020-02-01 98 days 1,658 sqft
2020-03-01 90 days 1,673 sqft
2020-04-01 84 days 1,660 sqft
2020-05-01 96 days 1,681 sqft
2020-06-01 91 days 1,688 sqft
2020-07-01 58 days 1,758 sqft
2020-08-01 54 days 1,722 sqft
2020-09-01 62 days 1,732 sqft
2020-10-01 62 days 1,743 sqft
2020-11-01 62 days 1,693 sqft
2020-12-01 71 days 1,698 sqft
2021-01-01 81 days 1,680 sqft
2021-02-01 76 days 1,679 sqft
2021-03-01 53 days 1,656 sqft
2021-04-01 45 days 1,657 sqft
2021-05-01 39 days 1,691 sqft
2021-06-01 32 days 1,601 sqft
2021-07-01 36 days 1,552 sqft
2021-08-01 41 days 1,535 sqft
2021-09-01 45 days 1,518 sqft
2021-10-01 46 days 1,512 sqft
2021-11-01 47 days 1,529 sqft
2021-12-01 56 days 1,507 sqft
2022-01-01 68 days 1,480 sqft
2022-02-01 63 days 1,452 sqft
2022-03-01 52 days 1,493 sqft
2022-04-01 38 days 1,540 sqft
2022-05-01 34 days 1,522 sqft
2022-06-01 35 days 1,582 sqft
2022-07-01 38 days 1,609 sqft
2022-08-01 42 days 1,630 sqft
2022-09-01 46 days 1,602 sqft
2022-10-01 50 days 1,596 sqft
2022-11-01 53 days 1,621 sqft
2022-12-01 62 days 1,568 sqft
2023-01-01 73 days 1,580 sqft
2023-02-01 68 days 1,568 sqft
2023-03-01 49 days 1,638 sqft
2023-04-01 51 days 1,629 sqft
2023-05-01 44 days 1,626 sqft
2023-06-01 38 days 1,661 sqft
2023-07-01 37 days 1,680 sqft
2023-08-01 40 days 1,727 sqft
2023-09-01 40 days 1,661 sqft
2023-10-01 42 days 1,615 sqft
2023-11-01 45 days 1,630 sqft
2023-12-01 57 days 1,573 sqft
2024-01-01 72 days 1,613 sqft
Youngstown's median listing age (time on market) for 2024-01-01 was 72 days. This is -1% shorter than the same period one year ago.

Youngstown's median square footage for active listings during the 2024-01-01 period was 1,613 sqft. One year prior, the average listing was 1,580 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.