Ohio VA Loan Rates, Closing Costs & Stats

Ohio

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.

    Ohio VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Ohio averaged 6.53% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

    Ohio's average VA mortgage closing costs are $5,403.

    The average rate for the prior week (2023-05-19) was 6.36% and one month ago for the week of 2023-04-21, the average rate was 5.88%.

    The average rate one year ago was 5.15%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.4%.

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

    Ohio 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 Ohio level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 2,723 5.22% $6,384
    QUICKEN LOANS, LLC 1,150 4.32% $9,461
    NAVY FEDERAL CREDIT UNION 517 4.12% $6,336
    CROSSCOUNTRY MORTGAGE, LLC 512 5.30% $7,956
    FREEDOM MORTGAGE CORPORATION 509 4.46% $10,007
    UNITED WHOLESALE MORTGAGE, LLC 433 4.63% $8,065
    NEW DAY FINANCIAL, LLC 424 5.23% $9,537
    USAA Federal Savings Bank 418 4.53% $6,936
    LOANDEPOT.COM, LLC 356 4.56% $8,460
    UNION HOME MORTGAGE CORP. 313 4.86% $8,820
    CALIBER HOME LOANS, INC. 283 4.64% $8,893
    PENNYMAC LOAN SERVICES, LLC 255 3.50% $7,910
    NVR Mortgage Finance, Inc. 227 4.09% $7,492
    Mr. Cooper ( Nationstar Mortgage ) 227 4.96% $9,103
    The Huntington National Bank 211 4.67% $6,296
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 207 5.09% $6,946
    PRIMELENDING, A PLAINSCAPITAL COMPANY 182 4.92% $7,743
    GUARANTEED RATE, INC. 138 4.93% $6,405
    DAS Acquisition Company, LLC 131 5.38% $7,689
    The Federal Savings Bank 125 4.88% $13,250
    Union Savings Bank 118 4.61% $6,822
    VILLAGE CAPITAL MORTGAGE 116 4.13% $7,135
    HOME POINT FINANCIAL CORPORATION 113 4.24% $8,359
    RUOFF MORTGAGE COMPANY, INC. 113 5.41% $6,563
    NFM, INC. 106 5.23% $10,845
    AMERISAVE MORTGAGE CORPORATION 104 4.27% $10,770
    DHI MORTGAGE COMPANY, LTD. 102 3.81% $8,312
    WRIGHT-PATT CREDIT UNION, INC. 101 4.81% $5,802
    Barrington Bank & Trust Company, N.A. 97 4.71% $7,390
    NEWREZ LLC 94 4.41% $6,388
    Fifth Third Bank 92 4.56% $5,152
    VICTORY MORTGAGE, L.L.C. 86 4.20% $8,473
    T2 FINANCIAL LLC 81 5.23% $10,189
    EQUITY RESOURCES, INC. 80 4.54% $7,131
    MOVEMENT MORTGAGE, LLC 79 4.72% $7,317
    Flagstar Bank, FSB 77 5.09% $8,460
    Nations Lending Corporation 76 5.13% $8,693
    LAKEVIEW LOAN SERVICING, LLC 75 3.75% $5,748
    Carrington Mortgage Services, LLC 71 4.81% $8,106
    M/I FINANCIAL, LLC 66 4.09% $10,087
    THRIVE MORTGAGE, LLC 62 5.04% $8,495
    CLEARPATH LENDING 60 3.94% $10,418
    PENTAGON FEDERAL CREDIT UNION 58 3.61% $6,739
    RAPID MORTGAGE COMPANY 55 5.53% $11,660
    Wells Fargo Bank 54 4.26% $5,381
    POLARIS HOME FUNDING CORP. 54 4.92% $9,387
    MORTGAGE SOLUTIONS OF COLORADO, LLC 54 5.98% $6,126
    BROKER SOLUTIONS, INC. 53 4.66% $10,422
    GUARANTEED RATE AFFINITY, LLC 50 4.91% $5,955
    Hometown Lenders, Inc. 49 5.22% $9,493
    Waterstone Mortgage Corporation 47 5.38% $8,131
    CARDINAL FINANCIAL 47 4.87% $11,762
    U.S. Bank 46 4.73% $6,398
    JPMorgan Chase Bank 46 4.83% $6,115
    PULTE MORTGAGE LLC 45 4.28% $6,793
    GUILD MORTGAGE COMPANY 43 4.72% $9,515
    LIBERTY HOME MORTGAGE CORPORATION 43 5.25% $9,118
    HOMESIDE FINANCIAL, LLC 43 4.78% $9,538
    Citizens Bank 42 4.51% $6,860
    Paramount Residential Mortgage Group, Inc. 41 5.02% $8,141
    MUTUAL OF OMAHA MORTGAGE, INC. 41 4.54% $8,501
    KeyBank 39 4.16% $4,371
    MID AMERICA MORTGAGE, INC. 38 4.77% $4,761
    PNC Bank 36 4.34% $6,796
    HOWARD HANNA FINANCIAL SERVICES, INC. 36 4.55% $8,008
    Equity Prime Mortgage LLC 35 5.56% $8,689
    RELIANCE FIRST CAPITAL, LLC 34 4.94% $7,770
    AMERIFIRST FINANCIAL CORPORATION 34 5.21% $8,296
    AMERICAN MORTGAGE SERVICE COMPANY 33 4.73% $6,601
    FIRST COMMUNITY MORTGAGE, INC. 32 5.52% $8,661
    PRIMARY RESIDENTIAL MORTGAGE, INC. 32 5.26% $8,048
    LEADERONE FINANCIAL CORPORATION 30 5.42% $11,506
    AMERICAN PACIFIC MORTGAGE CORPORATION 29 4.99% $9,683
    PLANET HOME LENDING, LLC 29 4.13% $7,117
    WEST PENN FINANCIAL SERVICE CENTER, INC. 27 4.96% $5,903
    CMG MORTGAGE, INC. 26 4.86% $8,844
    Magnolia Bank 26 4.51% $11,504
    GSF Mortgage Corporation 25 5.00% $8,961
    Low VA Rates, LLC 25 4.39% $14,546
    AMERICAN FINANCING CORPORATION 25 3.74% $8,724
    J. VIRGIL, INC. 25 5.34% $6,920
    YOUR HOME FINANCIAL LLC 23 4.84% $9,582
    North American Savings Bank, F.S.B. 23 4.72% $7,363
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 23 5.26% $6,428
    HOMEBRIDGE FINANCIAL SERVICES, INC. 22 4.23% $9,438
    First Federal Bank 22 4.71% $11,402
    VAN DYK MORTGAGE CORPORATION 22 5.15% $9,285
    Mid-Continent Funding, Inc. 21 5.43% $8,896
    NBKC BANK 20 4.19% $9,170
    Bank of England 20 5.06% $7,527
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 20 5.15% $5,705
    Armed Forces Bank 20 4.68% $10,107
    Servion, Inc. 20 4.97% $6,167
    THE EQUITABLE MORTGAGE CORPORATION 19 4.36% $7,594
    Gateway First Bank 19 5.72% $7,118
    LOANPAL, LLC 18 3.91% $13,305
    ENVOY MORTGAGE, LTD 18 5.13% $9,328
    EUSTIS AND AMERICAN MORTGAGE COMPANY 18 4.83% $6,785
    WesBanco Bank, Inc. 17 4.46% $5,717
    NATIONS RELIABLE LENDING, LLC 17 5.29% $10,366
    CONTOUR MORTGAGE CORPORATION 17 5.16% $9,456
    First Commonwealth Bank 17 4.68% $7,714
    The Park National Bank 17 4.38% $9,442
    DRAPER AND KRAMER MORTGAGE CORP. 16 4.97% $10,458
    American Midwest Mortgage Corporation 16 5.09% $7,303
    NETWORK CAPITAL FUNDING CORPORATION 16 4.39% $6,648
    NATIONWIDE MORTGAGE BANKERS, INC. 16 5.50% $11,809
    PARTNERS UNITED FINANCIAL, LLC 15 3.93% $12,221
    STOCKTON MORTGAGE CORPORATION 15 4.88% $8,655
    The Union Bank Company 15 4.64% $8,321
    BAYSHORE MORTGAGE FUNDING, LLC 14 5.17% $9,944
    EVERETT FINANCIAL, INC. 14 4.45% $6,243
    FIRST EQUITY MORTGAGE INCORPORATED 13 4.46% $12,390
    FIRST OHIO HOME FINANCE, INC. 13 5.35% $3,995
    BNC National Bank 12 4.01% $9,102
    First Federal Bank of the Midwest 12 4.79% $6,585
    NATIONS DIRECT MORTGAGE, LLC 12 4.65% $8,710
    Cincinnati Federal 12 4.59% $6,808
    NORTHERN MORTGAGE SERVICES, LLC 11 5.02% $6,638
    ROYAL UNITED MORTGAGE LLC 11 4.99% $10,578
    Lakeview Community Capital, LLC 11 3.93% $4,635
    The State Bank and Trust Company 10 5.25% $6,204
    CHURCHILL MORTGAGE CORPORATION 10 4.63% $7,891
    First Guaranty Mortgage Corporation 10 3.94% $5,990
    East Coast Capital Corp. 10 4.94% $9,843
    AMERICAN FINANCIAL RESOURCES, INC. 10 5.65% $6,264
    INSPIRE HOME LOANS INC. 10 4.86% $7,021
    Amerifirst Financial, Inc. 10 5.03% $8,482
    GENEVA FINANCIAL, LLC 10 5.60% $6,191
    MICHIGAN MUTUAL, INC. 9 4.79% $8,331
    Prosperity Home Mortgage, LLC 9 4.50% $9,298
    Texana Bank 9 4.69% $12,361
    MYCUMORTGAGE, LLC 9 4.78% $5,995
    UNION CAPITAL MORTGAGE CORPORATION 9 4.81% $11,984
    GUARANTY HOME MORTGAGE CORPORATION 9 4.65% $7,960
    DEVELOPER'S MORTGAGE COMPANY 8 4.95% $4,902
    First Financial Bank 8 4.61% $8,045
    RiverHills Bank 8 4.55% $9,283
    The Central Trust Bank 8 4.40% $11,646
    RESIDENTIAL BANCORP. 8 4.56% $7,833
    Seven Seventeen Credit Union 8 5.56% $4,764
    SUN WEST MORTGAGE COMPANY, INC. 8 5.11% $7,408
    KELLER MORTGAGE, LLC 8 5.23% $8,536
    UNITED MORTGAGE CORP. 7 4.82% $15,564
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 7 4.61% $7,130
    DESCO 7 4.43% $3,514
    Strong Home Mortgage, LLC 7 3.27% $11,097
    HOMESPIRE MORTGAGE CORPORATION 7 5.11% $12,510
    First Option Mortgage, LLC 7 5.14% $4,308
    VERITAS FUNDING, LLC 7 4.79% $23,898
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 7 4.84% $8,014
    SIBCY CLINE MORTGAGE SERVICES, INC. 7 4.77% $9,058
    M&T Bank 7 3.70% $5,314
    First Federal Savings and Loan Association of Lakewood 6 5.81% $8,525
    NP, Inc. 6 4.06% $5,165
    INTERCAP LENDING INC. 6 3.23% $4,119
    Capital Bank 6 4.79% $7,091
    MORTGAGE 1 INCORPORATED 5 5.23% $6,091
    Meridian Bank Corporation 5 5.20% $9,268
    Wyndham Capital Mortgage, Inc. 5 3.93% $5,101
    Civista Bank 5 4.75% $8,500
    Truist 5 4.57% $8,858
    The Citizens National Bank of Bluffton 5 4.43% $7,498
    GVC MORTGAGE, INC. 5 5.88% $8,117
    HomePromise Corporation 5 5.55% $10,247
    FINANCE OF AMERICA MORTGAGE LLC 5 4.22% $11,188
    Paramount Bank 5 4.48% $11,603
    FIRST CENTENNIAL MORTGAGE CORPORATION 5 5.53% $5,232
    TOP FLITE FINANCIAL, INC. 5 4.80% $13,792
    Century Mortgage Company DBA Century Lending Company 5 3.60% $7,958
    1st National Bank 4 5.03% $10,590
    CANTON SCHOOL EMPLOYEES 4 5.63% $2,933
    EMBRACE HOME LOANS, INC. 4 4.65% $11,715
    First National Bank of Pennsylvania 4 4.88% $3,883
    HALLMARK HOME MORTGAGE, LLC 4 5.34% $10,492
    LAND HOME FINANCIAL SERVICES, INC. 4 5.47% $9,025
    MIDLAND MORTGAGE CORPORATION 4 4.78% $10,126
    MORTGAGE ACCESS CORP. 4 5.25% $8,017
    Neighborhood Loans, Inc. 4 5.44% $13,904
    PRIORITY MORTGAGE CORP. 4 4.09% $6,013
    SIRVA MORTGAGE, INC. 4 4.41% $8,346
    South State Bank 4 4.81% $9,216
    US MORTGAGE CORPORATION 4 5.16% $6,436
    VANDERBILT MORTGAGE AND FINANCE, INC. 4 5.50% $8,614
    FirstBank 3 3.63% $15,381
    First Federal Bank of Kansas City 3 5.17% $6,425
    First Savings Bank 3 4.63% $6,876
    Bank of America 3 3.88% $8,483
    Guardian Savings Bank, A Federal Savings Bank 3 4.71% $14,344
    PLAZA HOME MORTGAGE, INC. 3 4.58% $9,235
    Ixonia Bank 3 4.38% $6,156
    BAY EQUITY LLC 3 5.04% $9,327
    Northpointe Bank 3 4.58% $11,883
    Community First National Bank 3 4.63% $4,127
    Ameris Bank 3 4.25% $3,154
    DIRECT MORTGAGE LOANS, LLC 3 4.79% $9,653
    Dollar Bank, Federal Savings Bank 3 5.42% $7,202
    Republic State Mortgage Co. 3 5.33% $4,619
    NORWICH COMMERCIAL GROUP, INC. 3 5.04% $4,200
    ARC HOME LLC 3 4.96% $1,826
    Heartland Bank 3 4.42% $7,273
    KEMBA FINANCIAL 2 3.31% $5,499
    OCEANSIDE MORTGAGE COMPANY 2 3.81% $2,897
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 5.88% $5,021
    Hometown Equity Mortgage, LLC 2 3.88% $6,638
    HOMESTEAD FUNDING CORP. 2 5.13% $12,034
    Plains Commerce Bank 2 4.94% $8,624
    Goldwater Bank, N.A. 2 4.50% $11,184
    Florida Capital Bank 2 3.94% $7,777
    First Home Bank 2 5.19% $8,004
    Firefighters & Company FCU 2 5.69% $2,864
    Residential Mortgage Solutions, Inc. 2 5.31% $11,322
    EVANSVILLE TEACHERS 2 4.44% $7,731
    EMM LOANS LLC 2 6.06% $14,136
    S1L, Inc. 2 5.75% $8,014
    ACADEMY MORTGAGE CORPORATION 2 6.06% $7,742
    ABSOLUTE HOME MORTGAGE CORPORATION 2 5.50% $6,685
    SOUTHWEST STAGE FUNDING, LLC 2 3.31% $9,040
    DELMAR FINANCIAL COMPANY 2 6.13% $7,455
    SUCCESS MORTGAGE PARTNERS, INC. 2 4.69% $7,446
    SUN Federal Credit Union 2 6.06% $7,210
    Sunflower Bank 2 4.43% $12,056
    CME Federal Credit Union 2 3.94% $8,061
    CityWorth Mortgage LLC 2 5.38% $10,164
    CHERRY CREEK MORTGAGE, LLC 2 2.50% $2,808
    BELEM SERVICING LLC 2 4.06% $5,265
    UNIVERSAL 1 CREDIT UNION 2 3.94% $4,908
    ZILLOW HOME LOANS, LLC 2 5.94% $7,109
    AmRes Corporation 2 5.50% $6,552
    AMERICAN ADVISORS GROUP 2 4.94% $4,355
    AMCAP MORTGAGE, LTD. 2 4.56% $4,570
    NBH Bank 2 5.63% $1,869
    Mutual Federal Bank 2 4.75% $14,267
    Pacor Mortgage Corp 1 3.75% $17,179
    DIRECT MORTGAGE, CORP. 1 3.50% $15,839
    JMAC LENDING, INC. 1 4.75% $14,481
    SIWELL, INC. 1 5.25% $5,783
    SOUTHERN TRUST MORTGAGE, LLC 1 5.63% $15,292
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 2.75% $8,799
    1ST SIGNATURE LENDING, LLC 1 5.75% $14,982
    ALLIED MORTGAGE GROUP, INC. 1 5.38% $16,159
    STEARNS LENDING, LLC 1 2.88% $625
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 5.00% $5,923
    Stride Bank 1 5.25% $4,106
    ANGEL OAK HOME LOANS LLC 1 3.50% $1,429
    Network Funding, L.P. 1 4.75% $23,387
    SUMMIT FUNDING, INC. 1 6.99% $8,375
    Victorian Finance, LLC 1 3.25% $4,371
    Northwest Bank 1 5.50% $3,187
    Cross Keys Bank 1 4.75% $13,186
    Congressional Bank 1 4.75% $5,292
    OPTION FINANCIAL, LLC 1 5.13% $2,505
    Colonial Savings, F.A. 1 5.88% $12,687
    AmeriHome Mortgage Company, LLC 1 6.63% $13,980
    Warsaw Federal Savings and Loan Association 1 2.75% $3,663
    The Farmers National Bank of Canfield 1 6.75% $4,969
    Citibank 1 3.13% $2,518
    The First, A National Banking Association 1 3.75% $10,551
    Chickasaw Community Bank 1 7.13% $6,843
    AMERICAN INTERNET MORTGAGE, INC. 1 3.25% $9,452
    Cf Bank 1 4.00% $8,517
    CENTRAL COAST LENDING, INC. 1 7.25% $5,925
    CASTLE & COOKE MORTGAGE, LLC 1 5.25% $4,363
    TJC Mortgage, Inc. 1 2.63% $3,338
    CANOPY MORTGAGE, LLC 1 5.50% $13,344
    TOWNE MORTGAGE COMPANY 1 3.88% $5,929
    TrueCore Federal Credit Union 1 6.38% $7,432
    CALCON MUTUAL MORTGAGE LLC 1 7.95% $1,620
    Tyndall Federal Credit Union 1 5.13% $36,885
    Blue Ridge Bank 1 4.00% $4,049
    MORIA DEVELOPMENT, INC. 1 3.00% $8,342
    OAKTREE FUNDING CORP. 1 5.88% $10,063
    PREMIA MORTGAGE, LLC 1 2.38% $4,914
    First State Bank 1 6.63% $9,725
    PHH Mortgage Corporation 1 5.13% $5,072
    Princeton Mortgage Corporation 1 4.38% $3,417
    Willamette Valley Bank 1 5.13% $13,371
    First Internet Bank of Indiana 1 4.25% $11,461
    United Bank 1 5.25% $4,121
    Peoples Bank 1 5.38% $7,913
    HANCOCK MORTGAGE PARTNERS, LLC 1 3.75% $5,062
    Red River Bank 1 4.63% $1,606
    Regions Bank 1 6.25% $3,255
    United Fidelity Funding Corp. 1 5.75% $6,111
    Renasant Bank 1 4.75% $9,315
    IMPAC MORTGAGE CORP. 1 5.63% $4,592
    Evolve Bank & Trust 1 3.75% $1,715
    NTFN, INC. 1 6.75% $5,063
    ASHLAND Credit Union 1 5.38% $115
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 5.13% $34,237
    ENDEAVOR CAPITAL, LLC. 1 2.88% $2,980
    LENOX FINANCIAL MORTGAGE CORPORATION 1 4.75% $14,006
    Arvest Bank 1 6.75% $8,107
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.50% $14,375
    Service Federal Credit Union 1 3.38% $16,068
    PANORAMA MORTGAGE GROUP, LLC 1 5.25% $12,895

    The top Ohio VA lender as defined by loan originations is Mortgage Research Center, LLC, with 2,723 VA loans originated. Their average total fees are $6,384, which is $3,077 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Ohio VA lenders (with over 10 loans originated) are FIRST OHIO HOME FINANCE, INC. ($3,995), KeyBank ($4,371), Lakeview Community Capital, LLC ($4,635), MID AMERICA MORTGAGE, INC. ($4,761) and Fifth Third Bank ($5,152).

    The lowest rate Ohio VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.50%), PENTAGON FEDERAL CREDIT UNION (3.61%), AMERICAN FINANCING CORPORATION (3.74%), LAKEVIEW LOAN SERVICING, LLC (3.75%) and DHI MORTGAGE COMPANY, LTD. (3.81%).

    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.