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 6.73% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.68% and one month ago for the week of 2024-10-04, the average rate was 5.81%.

    The average rate one year ago was 7.67%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.54%.

    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%), .

    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.