Zanesville VA Loan Rates, Closing Costs & Stats

Zanesville, OH

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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.

    Zanesville's 33 lenders originated 110 VA loans during 2023. The total origination value was $27,610,000, with an average VA loan value of $251,000.

    Zanesville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Zanesville averaged 7.35% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Zanesville's average VA mortgage closing costs are $5,316.

    The average rate for the prior week (2024-04-12) was 6.98% and one month ago for the week of 2024-03-15, the average rate was 6.94%.

    The average rate one year ago was 6.53%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Zanesville 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 Zanesville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 28 6.87% $6,103
    CROSSCOUNTRY MORTGAGE, LLC 9 6.79% $7,374
    QUICKEN LOANS, LLC 6 6.43% $10,249
    RUOFF MORTGAGE COMPANY, INC. 6 6.19% $4,024
    FREEDOM MORTGAGE CORPORATION 6 6.56% $16,344
    PENNYMAC LOAN SERVICES, LLC 5 5.50% $6,283
    UNITED WHOLESALE MORTGAGE, LLC 5 6.52% $9,044
    The Huntington National Bank 4 6.69% $4,368
    UNION HOME MORTGAGE CORP. 3 6.42% $5,375
    NEW DAY FINANCIAL, LLC 3 7.42% $6,650
    NAVY FEDERAL CREDIT UNION 3 5.88% $11,001
    USAA Federal Savings Bank 2 6.63% $4,750
    BROKER SOLUTIONS, INC. 2 7.00% $16,642
    Equity Prime Mortgage LLC 2 6.19% $2,911
    EQUITY RESOURCES, INC. 2 6.74% $6,568
    J. VIRGIL, INC. 2 6.69% $3,740
    NFM, INC. 2 7.06% $12,922
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.88% $7,324
    NEWREZ LLC 1 7.25% $6,039
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.25% $15,104
    Paramount Residential Mortgage Group, Inc. 1 6.75% $12,844
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.63% $298
    PNC Bank 1 7.25% $2,955
    POLARIS HOME FUNDING CORP. 1 7.75% $14,334
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.75% $13,713
    HOMESPIRE MORTGAGE CORPORATION 1 6.25% $1,665
    FIRST COMMUNITY MORTGAGE, INC. 1 5.75% $4,422
    The Federal Savings Bank 1 6.63% $19,986
    CARDINAL FINANCIAL 1 6.25% $8,861
    The Park National Bank 1 5.75% $8,515
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $10,539
    NATIONS RELIABLE LENDING, LLC 1 7.13% $3,489
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.75% $10,622

    The top Zanesville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 28 VA loans originated. Their average total fees are $6,103, which is $1,271 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Zanesville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,103), .

    The lowest rate Zanesville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.87%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Zanesville (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 $139,800 (9.0%) $174,380 (4.5%) 0.00 226
    2018-02-01 $149,900 (15.6%) $185,634 (9.0%) 0.00 210
    2018-03-01 $154,900 (19.3%) $194,882 (13.8%) 0.00 183
    2018-04-01 $151,300 (13.4%) $191,801 (11.5%) 0.00 193
    2018-05-01 $149,900 (8.3%) $191,666 (9.9%) 0.00 210
    2018-06-01 $159,567 (20.0%) $195,428 (13.7%) 0.00 230
    2018-07-01 $154,900 (19.3%) $193,876 (15.3%) 0.00 276
    2018-08-01 $154,900 (13.6%) $197,333 (15.6%) 0.00 284
    2018-09-01 $150,000 (15.5%) $196,742 (16.1%) 0.00 292
    2018-10-01 $152,975 (13.9%) $199,303 (16.8%) 0.00 297
    2018-11-01 $154,675 (19.1%) $201,595 (16.6%) 0.00 295
    2018-12-01 $159,900 (18.5%) $206,632 (21.9%) 0.00 270
    2019-01-01 $157,400 (12.6%) $202,550 (16.2%) 0.00 246
    2019-02-01 $159,550 (6.4%) $207,901 (12.0%) 0.00 220
    2019-03-01 $159,729 (3.1%) $209,049 (7.3%) 0.00 205
    2019-04-01 $159,729 (5.6%) $204,393 (6.6%) 0.00 206
    2019-05-01 $159,900 (6.7%) $197,663 (3.1%) 0.00 222
    2019-06-01 $165,900 (4.0%) $207,317 (6.1%) 0.00 219
    2019-07-01 $169,800 (9.6%) $210,339 (8.5%) 0.00 216
    2019-08-01 $169,791 (9.6%) $211,208 (7.0%) 0.00 218
    2019-09-01 $169,627 (13.1%) $209,656 (6.6%) 0.00 214
    2019-10-01 $169,518 (10.8%) $209,422 (5.1%) 0.00 209
    2019-11-01 $154,950 (0.2%) $202,072 (0.2%) 0.00 194
    2019-12-01 $158,650 (-0.8%) $196,182 (-5.1%) 0.00 177
    2020-01-01 $157,400 (0.0%) $190,185 (-6.1%) 0.00 162
    2020-02-01 $149,900 (-6.1%) $187,493 (-9.8%) 0.00 159
    2020-03-01 $149,300 (-6.5%) $186,391 (-10.8%) 0.00 140
    2020-04-01 $146,850 (-8.1%) $195,392 (-4.4%) 0.00 134
    2020-05-01 $179,000 (11.9%) $216,717 (9.6%) 0.00 124
    2020-06-01 $178,425 (7.6%) $223,583 (7.9%) 0.00 117
    2020-07-01 $179,675 (5.8%) $234,260 (11.4%) 0.00 101
    2020-08-01 $179,000 (5.4%) $208,764 (-1.2%) 0.00 84
    2020-09-01 $159,900 (-5.7%) $208,826 (-0.4%) 0.00 86
    2020-10-01 $154,450 (-8.9%) $190,397 (-9.1%) 0.00 94
    2020-11-01 $145,750 (-5.9%) $177,467 (-12.2%) 0.00 107
    2020-12-01 $151,900 (-4.3%) $174,414 (-11.1%) 0.00 103
    2021-01-01 $146,400 (-7.0%) $168,506 (-11.4%) 0.00 97
    2021-02-01 $150,450 (0.4%) $175,468 (-6.4%) 0.00 65
    2021-03-01 $166,150 (11.3%) $187,803 (0.8%) 0.00 45
    2021-04-01 $171,200 (16.6%) $211,514 (8.3%) 0.00 61
    2021-05-01 $169,900 (-5.1%) $200,607 (-7.4%) 0.00 60
    2021-06-01 $177,900 (-0.3%) $211,034 (-5.6%) 0.00 77
    2021-07-01 $179,900 (0.1%) $213,794 (-8.7%) 0.00 88
    2021-08-01 $179,900 (0.5%) $227,206 (8.8%) 0.00 82
    2021-09-01 $174,900 (9.4%) $226,552 (8.5%) 0.00 84
    2021-10-01 $169,900 (10.0%) $226,415 (18.9%) 0.00 105
    2021-11-01 $169,450 (16.3%) $216,286 (21.9%) 0.00 100
    2021-12-01 $163,425 (7.6%) $205,814 (18.0%) 0.00 79
    2022-01-01 $157,500 (7.6%) $232,671 (38.1%) 0.00 72
    2022-02-01 $155,000 (3.0%) $227,894 (29.9%) 0.00 77
    2022-03-01 $152,250 (-8.4%) $214,431 (14.2%) 0.00 80
    2022-04-01 $161,450 (-5.7%) $216,467 (2.3%) 0.00 79
    2022-05-01 $172,450 (1.5%) $235,694 (17.5%) 0.00 82
    2022-06-01 $182,900 (2.8%) $252,241 (19.5%) 0.00 93
    2022-07-01 $182,400 (1.4%) $235,295 (10.1%) 0.00 103
    2022-08-01 $194,500 (8.1%) $250,548 (10.3%) 0.00 115
    2022-09-01 $222,450 (27.2%) $267,947 (18.3%) 0.00 126
    2022-10-01 $225,000 (32.4%) $261,847 (15.7%) 0.00 122
    2022-11-01 $207,000 (22.2%) $244,379 (13.0%) 0.00 119
    2022-12-01 $201,500 (23.3%) $247,547 (20.3%) 0.00 112
    2023-01-01 $198,750 (26.2%) $244,315 (5.0%) 0.00 116
    2023-02-01 $189,500 (22.3%) $251,147 (10.2%) 0.00 98
    2023-03-01 $185,300 (21.7%) $250,254 (16.7%) 0.00 96
    2023-04-01 $185,000 (14.6%) $246,778 (14.0%) 0.00 95
    2023-05-01 $227,225 (31.8%) $273,322 (16.0%) 0.00 86
    2023-06-01 $259,925 (42.1%) $304,175 (20.6%) 0.00 93
    2023-07-01 $241,450 (32.4%) $270,844 (15.1%) 0.00 106
    2023-08-01 $254,950 (31.1%) $275,458 (9.9%) 0.00 111
    2023-09-01 $249,700 (12.3%) $268,086 (0.1%) 0.00 122
    2023-10-01 $252,450 (12.2%) $268,935 (2.7%) 0.00 140
    2023-11-01 $237,400 (14.7%) $256,065 (4.8%) 0.00 137
    2023-12-01 $239,000 (18.6%) $254,107 (2.7%) 0.00 133
    2024-01-01 $242,175 (21.9%) $266,698 (9.2%) 0.00 105
    2024-02-01 $241,175 (27.3%) $276,221 (10.0%) 0.00 84
    2024-03-01 $251,750 (35.9%) $283,568 (13.3%) 0.00 83
    Zanesville's median listing price for 2024-03-01 was $251,750, a difference of $66,450 (35.9%) versus the prior year and $10,575 versus the prior month.

    Zanesville's median listing price comes in at 0% of the national average.

    Zanesville's average listing price for 2024-03-01 was $283,568, a difference of $33,314 (13.3%) versus the prior year and $7,347 versus the prior month.

    For the 2024-03-01 period, Zanesville had 83 MLS listings, a difference of -1 listings (-1%) versus the prior month and -13 listings (-14%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Zanesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,609 sqft
    2018-02-01 0 days 1,679 sqft
    2018-03-01 0 days 1,666 sqft
    2018-04-01 0 days 1,626 sqft
    2018-05-01 0 days 1,616 sqft
    2018-06-01 0 days 1,630 sqft
    2018-07-01 0 days 1,897 sqft
    2018-08-01 0 days 1,912 sqft
    2018-09-01 0 days 1,891 sqft
    2018-10-01 0 days 1,892 sqft
    2018-11-01 0 days 1,960 sqft
    2018-12-01 0 days 1,970 sqft
    2019-01-01 0 days 1,898 sqft
    2019-02-01 0 days 1,915 sqft
    2019-03-01 0 days 1,912 sqft
    2019-04-01 0 days 1,903 sqft
    2019-05-01 0 days 1,681 sqft
    2019-06-01 0 days 1,786 sqft
    2019-07-01 0 days 1,777 sqft
    2019-08-01 0 days 1,790 sqft
    2019-09-01 0 days 1,826 sqft
    2019-10-01 0 days 1,849 sqft
    2019-11-01 0 days 1,781 sqft
    2019-12-01 0 days 1,767 sqft
    2020-01-01 0 days 1,771 sqft
    2020-02-01 0 days 1,813 sqft
    2020-03-01 0 days 1,754 sqft
    2020-04-01 0 days 1,761 sqft
    2020-05-01 0 days 1,916 sqft
    2020-06-01 0 days 1,895 sqft
    2020-07-01 0 days 1,907 sqft
    2020-08-01 0 days 1,685 sqft
    2020-09-01 0 days 1,667 sqft
    2020-10-01 0 days 1,680 sqft
    2020-11-01 0 days 1,705 sqft
    2020-12-01 0 days 1,684 sqft
    2021-01-01 0 days 1,629 sqft
    2021-02-01 0 days 1,628 sqft
    2021-03-01 0 days 1,648 sqft
    2021-04-01 0 days 1,680 sqft
    2021-05-01 0 days 1,832 sqft
    2021-06-01 0 days 1,895 sqft
    2021-07-01 0 days 1,992 sqft
    2021-08-01 0 days 1,949 sqft
    2021-09-01 0 days 1,875 sqft
    2021-10-01 0 days 1,746 sqft
    2021-11-01 0 days 1,610 sqft
    2021-12-01 0 days 1,564 sqft
    2022-01-01 0 days 1,470 sqft
    2022-02-01 0 days 1,610 sqft
    2022-03-01 0 days 1,693 sqft
    2022-04-01 0 days 1,549 sqft
    2022-05-01 0 days 1,582 sqft
    2022-06-01 0 days 1,681 sqft
    2022-07-01 0 days 1,817 sqft
    2022-08-01 0 days 1,664 sqft
    2022-09-01 0 days 1,722 sqft
    2022-10-01 0 days 1,729 sqft
    2022-11-01 0 days 1,780 sqft
    2022-12-01 0 days 1,656 sqft
    2023-01-01 0 days 1,583 sqft
    2023-02-01 0 days 1,558 sqft
    2023-03-01 0 days 1,629 sqft
    2023-04-01 0 days 1,551 sqft
    2023-05-01 0 days 1,777 sqft
    2023-06-01 0 days 1,891 sqft
    2023-07-01 0 days 1,849 sqft
    2023-08-01 0 days 2,033 sqft
    2023-09-01 0 days 1,898 sqft
    2023-10-01 0 days 1,900 sqft
    2023-11-01 0 days 1,884 sqft
    2023-12-01 0 days 1,839 sqft
    2024-01-01 0 days 1,746 sqft
    2024-02-01 0 days 1,836 sqft
    2024-03-01 0 days 1,839 sqft
    Zanesville's median listing age (time on market) for 2024-03-01 was 0 days.

    Zanesville's median square footage for active listings during the 2024-03-01 period was 1,839 sqft. One year prior, the average listing was 1,629 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.