Ohio VA Loan Rates, Closing Costs & Stats

Ohio

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.