Youngstown VA Loans

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 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.