Youngstown VA Loan Rates, Closing Costs & Stats

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA

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    • 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 72 lenders originated 441 VA loans during 2023. The total origination value was $92,785,000, with an average VA loan value of $210,397.

    Youngstown VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Youngstown averaged 6.93% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Youngstown's average VA mortgage closing costs are $5,006.

    The average rate for the prior week (2024-04-12) was 7.16% and one month ago for the week of 2024-03-15, the average rate was 6.82%.

    The average rate one year ago was 6.61%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.82%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 114 6.80% $4,772
    QUICKEN LOANS, LLC 34 6.52% $9,765
    Ixonia Bank 30 7.22% $6,605
    UNITED WHOLESALE MORTGAGE, LLC 25 6.47% $6,829
    CROSSCOUNTRY MORTGAGE, LLC 21 7.15% $5,221
    NAVY FEDERAL CREDIT UNION 16 5.84% $4,200
    NEW DAY FINANCIAL, LLC 14 7.81% $10,339
    WEST PENN FINANCIAL SERVICE CENTER, INC. 10 6.46% $8,237
    USAA Federal Savings Bank 9 6.39% $7,078
    PENNYMAC LOAN SERVICES, LLC 7 5.36% $5,223
    FREEDOM MORTGAGE CORPORATION 7 6.70% $9,386
    The Huntington National Bank 6 6.46% $5,112
    The Federal Savings Bank 6 6.21% $13,719
    Seven Seventeen Credit Union 6 7.17% $21,689
    HOWARD HANNA FINANCIAL SERVICES, INC. 6 6.31% $6,502
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.52% $7,245
    VILLAGE CAPITAL MORTGAGE 5 5.95% $6,257
    RUOFF MORTGAGE COMPANY, INC. 5 6.73% $1,940
    Barrington Bank & Trust Company, N.A. 4 5.94% $10,690
    UNION HOME MORTGAGE CORP. 4 6.72% $4,375
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.00% $7,066
    NEWREZ LLC 3 6.58% $9,387
    LIBERTY HOME MORTGAGE CORPORATION 3 7.25% $5,677
    LOANDEPOT.COM, LLC 3 6.46% $16,050
    RAPID MORTGAGE COMPANY 3 6.79% $12,451
    PNC Bank 3 6.58% $8,342
    LOANPAL, LLC 3 6.41% $6,614
    The Farmers National Bank of Canfield 2 5.69% $9,637
    AMERISAVE MORTGAGE CORPORATION 2 5.81% $11,840
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.88% $3,132
    CARDINAL FINANCIAL 2 6.13% $4,295
    Citizens Bank 2 6.13% $4,925
    CONTOUR MORTGAGE CORPORATION 2 6.25% $12,162
    EMM LOANS LLC 2 6.19% $10,646
    Equity Prime Mortgage LLC 2 6.25% $6,018
    Flagstar Bank, FSB 2 6.19% $3,007
    JPMorgan Chase Bank 2 6.69% $4,349
    MICHIGAN MUTUAL, INC. 2 7.81% $3,094
    Mr. Cooper ( Nationstar Mortgage ) 2 6.00% $8,950
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.50% $22,081
    Nations Lending Corporation 2 7.63% $10,580
    PLANET HOME LENDING, LLC 2 6.44% $12,964
    AFFORDABLE MORTGAGE ADVISORS, LLC. 2 7.00% $6,461
    MOVEMENT MORTGAGE, LLC 1 6.75% $6,868
    Ameris Bank 1 6.25% $4,487
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $8,481
    U.S. Bank 1 5.75% $8,177
    GUILD MORTGAGE COMPANY 1 6.63% $16,977
    GUARANTEED RATE, INC. 1 6.75% $625
    GSF Mortgage Corporation 1 6.63% $7,493
    North American Savings Bank, F.S.B. 1 5.13% $4,891
    Paramount Residential Mortgage Group, Inc. 1 6.75% $6,230
    GARDNER FINANCIAL SERVICES, LTD. 1 7.13% $27,850
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $7,549
    American Midwest Mortgage Corporation 1 7.50% $3,293
    First Federal Bank 1 7.13% $7,756
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $8,280
    First Commonwealth Bank 1 5.63% $4,842
    EQUITY RESOURCES, INC. 1 6.50% $5,008
    Cornerstone First Mortgage, Inc 1 7.25% $7,443
    STOCKTON MORTGAGE CORPORATION 1 6.25% $6,708
    T2 FINANCIAL LLC 1 5.75% $5,852
    AMERICAN FINANCIAL NETWORK, INC. 1 5.75% $10,221
    CMG MORTGAGE, INC. 1 5.75% $10,755
    CHURCHILL MORTGAGE CORPORATION 1 7.63% $5,576
    BROKER SOLUTIONS, INC. 1 7.13% $4,702
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $6,002
    Union Savings Bank 1 6.63% $3,481
    Mid-Continent Funding, Inc. 1 6.75% $4,917
    MORIA DEVELOPMENT, INC. 1 5.25% $2,011
    HOMESIDE FINANCIAL, LLC 1 6.75% $5,815
    HomePromise Corporation 1 8.00% $791

    The top Youngstown VA lender as defined by loan originations is Mortgage Research Center, LLC, with 114 VA loans originated. Their average total fees are $4,772, which is $4,993 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 ($4,200), Mortgage Research Center, LLC ($4,772), CROSSCOUNTRY MORTGAGE, LLC ($5,221), Ixonia Bank ($6,605) and UNITED WHOLESALE MORTGAGE, LLC ($6,829).

    The lowest rate Youngstown VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.84%), WEST PENN FINANCIAL SERVICE CENTER, INC. (6.46%), UNITED WHOLESALE MORTGAGE, LLC (6.47%), QUICKEN LOANS, LLC (6.52%) and Mortgage Research Center, LLC (6.80%).

    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
    2024-02-01 $159,900 (5.8%) $224,319 (7.6%) 0.38 706
    2024-03-01 $174,900 (9.4%) $241,851 (7.9%) 0.41 659
    Youngstown's median listing price for 2024-03-01 was $174,900, a difference of $15,000 (9.4%) versus the prior year and $15,000 versus the prior month.

    Youngstown's median listing price comes in at 41% of the national average.

    Youngstown's average listing price for 2024-03-01 was $241,851, a difference of $17,598 (7.9%) versus the prior year and $17,532 versus the prior month.

    For the 2024-03-01 period, Youngstown had 659 MLS listings, a difference of -47 listings (-7%) versus the prior month and 96 listings (17%) 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
    2024-02-01 73 days 1,600 sqft
    2024-03-01 59 days 1,652 sqft
    Youngstown's median listing age (time on market) for 2024-03-01 was 59 days. This is 20% longer than the same period one year ago.

    Youngstown's median square footage for active listings during the 2024-03-01 period was 1,652 sqft. One year prior, the average listing was 1,638 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.