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 6.66% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Ohio's average VA mortgage closing costs are $5,666.

The average rate for the prior week (2024-04-05) was 6.61% and one month ago for the week of 2024-03-08, the average rate was 6.84%.

The average rate one year ago was 6.34%.

For refis of the same type during the week of 2024-04-12, the average rate was 7.42%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 2,160 6.81% $6,259
QUICKEN LOANS, LLC 685 6.27% $10,787
CROSSCOUNTRY MORTGAGE, LLC 503 6.83% $7,804
UNITED WHOLESALE MORTGAGE, LLC 439 6.45% $9,134
NAVY FEDERAL CREDIT UNION 435 5.88% $5,486
FREEDOM MORTGAGE CORPORATION 266 6.55% $13,526
NEW DAY FINANCIAL, LLC 245 7.56% $10,976
USAA Federal Savings Bank 240 6.34% $8,108
LOANDEPOT.COM, LLC 228 6.52% $9,541
UNION HOME MORTGAGE CORP. 223 6.69% $8,962
The Huntington National Bank 211 6.69% $6,322
NVR Mortgage Finance, Inc. 207 5.53% $7,893
PENNYMAC LOAN SERVICES, LLC 191 5.72% $7,039
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 141 6.75% $8,348
NFM, INC. 129 6.89% $10,776
GUARANTEED RATE, INC. 129 6.38% $5,995
DHI MORTGAGE COMPANY, LTD. 125 5.39% $8,294
The Federal Savings Bank 123 6.60% $14,281
NEWREZ LLC 113 6.78% $9,429
RUOFF MORTGAGE COMPANY, INC. 111 6.71% $6,741
PRIMELENDING, A PLAINSCAPITAL COMPANY 103 6.79% $7,694
THRIVE MORTGAGE, LLC 91 6.65% $9,755
Mr. Cooper ( Nationstar Mortgage ) 87 5.93% $11,622
DAS Acquisition Company, LLC 85 6.90% $7,467
Union Savings Bank 76 6.44% $6,489
POLARIS HOME FUNDING CORP. 68 6.80% $10,743
VILLAGE CAPITAL MORTGAGE 67 6.03% $9,126
FIRST COMMUNITY MORTGAGE, INC. 65 6.82% $8,337
Barrington Bank & Trust Company, N.A. 65 6.34% $8,071
Fifth Third Bank 60 6.55% $5,036
HOWARD HANNA FINANCIAL SERVICES, INC. 57 6.50% $9,638
VICTORY MORTGAGE, L.L.C. 55 5.85% $8,709
MOVEMENT MORTGAGE, LLC 54 6.53% $8,294
EQUITY RESOURCES, INC. 53 6.69% $5,547
Flagstar Bank, FSB 52 6.56% $7,784
BROKER SOLUTIONS, INC. 50 6.74% $9,791
M/I FINANCIAL, LLC 50 5.86% $15,275
Paramount Residential Mortgage Group, Inc. 50 6.73% $8,750
PENTAGON FEDERAL CREDIT UNION 49 5.71% $8,005
Nations Lending Corporation 48 6.77% $8,973
MORTGAGE SOLUTIONS OF COLORADO, LLC 47 7.67% $3,672
JPMorgan Chase Bank 47 6.63% $4,020
MUTUAL OF OMAHA MORTGAGE, INC. 47 6.47% $10,814
RAPID MORTGAGE COMPANY 46 6.83% $10,444
AMERICAN PACIFIC MORTGAGE CORPORATION 45 6.77% $8,570
Ixonia Bank 44 7.11% $8,007
AMERISAVE MORTGAGE CORPORATION 42 5.75% $16,562
GUARANTEED RATE AFFINITY, LLC 42 6.54% $6,130
T2 FINANCIAL LLC 40 6.82% $10,972
PULTE MORTGAGE LLC 39 5.66% $6,117
Citizens Bank 36 6.41% $7,742
GUILD MORTGAGE COMPANY 34 6.44% $11,707
WRIGHT-PATT CREDIT UNION, INC. 34 6.56% $4,986
MID AMERICA MORTGAGE, INC. 32 6.42% $4,663
U.S. Bank 32 6.64% $5,299
RELIANCE FIRST CAPITAL, LLC 30 6.39% $9,302
LIBERTY HOME MORTGAGE CORPORATION 29 6.98% $7,346
PNC Bank 28 6.58% $6,723
PLANET HOME LENDING, LLC 27 6.25% $10,229
CARDINAL FINANCIAL 27 6.62% $11,663
Magnolia Bank 23 6.30% $16,716
CMG MORTGAGE, INC. 22 6.47% $10,616
LAKEVIEW LOAN SERVICING, LLC 22 6.16% $9,799
NBKC BANK 21 5.82% $8,758
HOMESIDE FINANCIAL, LLC 20 6.74% $9,179
DRAPER AND KRAMER MORTGAGE CORP. 20 6.74% $11,224
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 18 6.70% $6,936
VANDERBILT MORTGAGE AND FINANCE, INC. 17 6.19% $4,210
FIRST EQUITY MORTGAGE INCORPORATED 17 5.99% $13,809
Gateway First Bank 17 6.47% $9,721
American Midwest Mortgage Corporation 16 6.76% $7,460
KeyBank 16 6.30% $5,647
Equity Prime Mortgage LLC 16 7.05% $7,987
Plains Commerce Bank 16 6.55% $7,457
ARK-LA-TEX FINANCIAL SERVICES, LLC. 15 6.73% $8,136
VAN DYK MORTGAGE CORPORATION 15 6.83% $6,896
Bank of England 15 6.52% $9,331
NORTHERN MORTGAGE SERVICES, LLC 15 6.36% $7,057
WEST PENN FINANCIAL SERVICE CENTER, INC. 15 6.50% $9,515
Wells Fargo Bank 15 5.68% $7,262
AMERICAN FINANCIAL RESOURCES, INC. 14 7.29% $9,900
Western Ohio Mortgage Corporation 14 7.08% $9,396
Armed Forces Bank 14 6.00% $10,364
Prosperity Home Mortgage, LLC 14 6.37% $10,830
GSF Mortgage Corporation 14 6.64% $9,650
GENEVA FINANCIAL, LLC 14 6.88% $8,416
PRIMARY RESIDENTIAL MORTGAGE, INC. 13 6.16% $7,885
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 13 6.73% $10,114
First Federal Bank 13 6.75% $7,496
UNION CAPITAL MORTGAGE CORPORATION 12 6.41% $10,476
J. VIRGIL, INC. 12 6.69% $5,750
THE EQUITABLE MORTGAGE CORPORATION 12 6.26% $8,659
SUN WEST MORTGAGE COMPANY, INC. 11 6.87% $9,059
The State Bank and Trust Company 11 6.81% $5,640
AMERICAN FINANCIAL NETWORK, INC. 11 6.50% $12,894
SIBCY CLINE MORTGAGE SERVICES, INC. 11 6.66% $6,478
LOANPAL, LLC 11 6.11% $11,855
CHURCHILL MORTGAGE CORPORATION 11 6.65% $8,534
WesBanco 10 5.95% $5,435
Ameris Bank 10 6.31% $7,739
PLAZA HOME MORTGAGE, INC. 10 6.11% $8,502
GVC MORTGAGE, INC. 10 7.03% $7,962
First Federal Bank of the Midwest 10 6.01% $6,412
NATIONWIDE MORTGAGE BANKERS, INC. 10 6.84% $10,028
The Park National Bank 10 6.12% $7,693
Neighborhood Loans, Inc. 9 6.81% $12,397
CALIBER HOME LOANS, INC. 9 6.08% $8,175
The Union Bank Company 9 6.38% $7,927
NATIONS RELIABLE LENDING, LLC 9 7.04% $7,903
Servion, Inc. 8 6.97% $6,965
ROYAL UNITED MORTGAGE LLC 8 6.80% $12,737
EVERETT FINANCIAL, INC. 8 6.33% $8,491
SUCCESS MORTGAGE PARTNERS, INC. 8 7.05% $15,801
ENDEAVOR CAPITAL, LLC. 7 6.66% $7,258
Mid-Continent Funding, Inc. 7 6.39% $6,358
BNC National Bank 7 5.63% $7,345
First Federal Savings and Loan Association of Lakewood 7 6.73% $8,498
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 6.25% $9,671
Princeton Mortgage Corporation 6 7.31% $6,599
MICHIGAN MUTUAL, INC. 6 7.50% $6,993
First Savings Bank 6 6.21% $11,692
Seven Seventeen Credit Union 6 7.17% $21,689
STOCKTON MORTGAGE CORPORATION 6 6.73% $8,903
BAY EQUITY LLC 6 6.25% $7,819
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 6 5.88% $3,534
NATIONS DIRECT MORTGAGE, LLC 6 7.10% $6,400
YOUR HOME FINANCIAL LLC 6 6.81% $12,847
ZILLOW HOME LOANS, LLC 5 6.48% $6,579
AMERICAN FINANCING CORPORATION 5 6.22% $11,019
BAYSHORE MORTGAGE FUNDING, LLC 5 6.65% $9,602
Century Mortgage Company DBA Century Lending Company 5 7.20% $5,649
Cincinnati Federal 5 6.08% $6,313
CONTOUR MORTGAGE CORPORATION 5 5.98% $7,519
DEVELOPER'S MORTGAGE COMPANY 5 6.23% $13,648
Dollar Bank, Federal Savings Bank 5 6.40% $5,191
East Coast Capital Corp. 5 6.65% $8,807
First Commonwealth Bank 5 6.28% $8,539
First Financial Bank 5 6.78% $7,122
KELLER MORTGAGE, LLC 5 6.20% $4,705
LAND HOME FINANCIAL SERVICES, INC. 5 7.30% $7,644
Meridian Bank Corporation 5 6.25% $6,876
North American Savings Bank, F.S.B. 5 5.95% $6,464
Northpointe Bank 5 6.93% $6,803
RiverHills Bank 5 6.40% $4,538
The Farmers National Bank of Canfield 5 5.85% $6,095
The Loan Store, Inc. 5 6.67% $9,824
1st National Bank 5 6.48% $5,614
HomePromise Corporation 4 7.41% $9,330
PHH Mortgage Corporation 4 6.53% $9,826
ON Q FINANCIAL, INC. 4 6.63% $4,937
MORTGAGE 1 INCORPORATED 4 6.94% $2,176
AMCAP MORTGAGE, LTD. 4 7.13% $5,363
TOP FLITE FINANCIAL, INC. 4 6.91% $6,548
Civista Bank 4 6.50% $7,335
SIRVA MORTGAGE, INC. 4 6.59% $9,481
S1L, Inc. 4 5.88% $4,987
EUSTIS AND AMERICAN MORTGAGE COMPANY 4 6.63% $3,995
Republic State Mortgage Co. 4 7.59% $7,144
HOMESPIRE MORTGAGE CORPORATION 4 6.72% $4,434
First National Bank of Pennsylvania 4 5.88% $3,101
GUARANTY HOME MORTGAGE CORPORATION 4 6.75% $5,322
Carrington Mortgage Services, LLC 3 5.79% $4,944
LEADERONE FINANCIAL CORPORATION 3 6.46% $4,697
LCNB National Bank 3 6.92% $5,291
OPTION FINANCIAL, LLC 3 6.25% $7,570
Heartland Bank 3 6.58% $5,150
PREMIA MORTGAGE, LLC 3 5.96% $2,770
ROSS MORTGAGE CORPORATION 3 6.96% $7,459
SIWELL, INC. 3 7.08% $11,667
DESCO 3 6.63% $7,123
Strong Home Mortgage, LLC 3 5.92% $6,504
SUMMIT FUNDING, INC. 3 6.96% $6,854
Cornerstone First Mortgage, Inc 3 6.42% $8,852
TOWNE MORTGAGE COMPANY 3 6.29% $8,542
Truist 3 6.07% $5,671
Capital Bank 3 5.88% $10,724
VERITAS FUNDING, LLC 3 6.88% $16,519
Waterstone Mortgage Corporation 3 6.42% $18,211
DELMAR FINANCIAL COMPANY 2 6.81% $10,443
MORIA DEVELOPMENT, INC. 2 6.38% $5,365
SeaTrust Mortgage Company 2 7.50% $6,894
SECURITYNATIONAL MORTGAGE COMPANY 2 6.44% $14,193
Service Federal Credit Union 2 6.06% $2,761
AXIA FINANCIAL, LLC 2 6.88% $3,669
CRESCENT MORTGAGE COMPANY 2 6.81% $6,306
Encompass Lending Group, LP 2 6.63% $9,687
The Central Trust Bank 2 6.25% $3,400
The Citizens National Bank of Bluffton 2 6.81% $6,306
MYCUMORTGAGE, LLC 2 7.63% $10,207
Credence Funding Corporation 2 5.38% $11,325
PREMIER LENDING, INC. 2 6.88% $6,648
MORTGAGE ACCESS CORP. 2 5.75% $6,082
GARDNER FINANCIAL SERVICES, LTD. 2 6.44% $22,482
Sierra Pacific Mortgage Company, Inc. 2 6.75% $11,827
Florida Capital Bank 2 6.63% $5,375
FLAT BRANCH MORTGAGE, INC. 2 7.19% $3,779
INTERCOASTAL MORTGAGE COMPANY 2 5.81% $10,154
FIRST CENTENNIAL MORTGAGE CORPORATION 2 6.94% $7,105
Regions Bank 2 6.13% $5,785
Farmers Bank & Trust 2 4.94% $14,870
INSPIRE HOME LOANS INC. 2 5.19% $5,275
Guardian Savings Bank, A Federal Savings Bank 2 6.75% $5,556
Lakeview Community Capital, LLC 2 6.00% $9,037
SUN Federal Credit Union 1 6.50% $6,643
Sunflower Bank 1 5.38% $19,869
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.25% $8,911
Academy Bank 1 5.88% $19,559
The Genoa Banking Company 1 7.63% $8,277
COMMUNITYAMERICA 1 6.63% $5,905
1ST SIGNATURE LENDING, LLC 1 6.50% $11,409
Colonial Savings, F.A. 1 6.00% $11,224
CITYWIDE HOME LOANS, LLC 1 5.63% $14,035
LENOX FINANCIAL MORTGAGE CORPORATION 1 6.75% $3,624
INTERNATIONAL CITY MORTGAGE, INC. 1 6.63% $16,200
Towne Bank 1 6.13% $8,086
M&T Bank 1 6.25% $3,573
CALCON MUTUAL MORTGAGE LLC 1 7.13% $1,798
Bank of America 1 6.50% $16,679
United Fidelity Funding Corp. 1 6.63% $10,432
ASHLAND Credit Union 1 7.13% $0
Arvest Bank 1 6.50% $7,310
ARC HOME LLC 1 6.63% $5,389
AmRes Corporation 1 6.38% $16,700
Northwest Federal Credit Union 1 6.88% $18,168
NORWICH COMMERCIAL GROUP, INC. 1 6.25% $5,500
HOMELAND CREDIT UNION, INC. 1 7.13% $13,227
Old National Bank 1 6.63% $9,820
Northwest Bank 1 7.38% $10,527
Veritex Community Bank 1 6.75% $7,232
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.50% $5,648
Paramount Bank 1 6.50% $2,248
Home Federal Savings and Loan Association of Niles 1 7.13% $7,814
Victorian Finance, LLC 1 7.75% $6,388
Gulf Coast Bank and Trust Company 1 7.00% $4,290
AFFORDABLE MORTGAGE ADVISORS, LLC. 1 7.75% $4,999
Goldwater Bank, N.A. 1 5.88% $18,049
AIR ACADEMY 1 5.75% $14,834
George Mason Mortgage, LLC 1 7.13% $18,177
AmeriHome Mortgage Company, LLC 1 4.99% $19,419
Presidential Bank, FSB 1 6.75% $13,726
NJ LENDERS CORP. 1 6.13% $2,782
First Merchants Bank 1 6.25% $6,082
First Federal Bank of Kansas City 1 6.50% $5,935
FIRST COLONY MORTGAGE CORPORATION 1 7.50% $6,758
RESIDENTIAL BANCORP 1 6.75% $13,165
RESIDENTIAL HOME FUNDING CORP. 1 7.50% $4,624
Residential Mortgage Solutions, Inc. 1 7.38% $8,497
ACADEMY MORTGAGE CORPORATION 1 6.75% $15,833
American Mortgage & Equity Consultants, Inc. 1 8.13% $14,454
Evolve Bank & Trust 1 6.75% $9,818
INTERCAP LENDING INC. 1 5.50% $10,142
Network Funding, L.P. 1 6.75% $4,916
EMM LOANS LLC 1 6.88% $16,110
EMBRACE HOME LOANS, INC. 1 6.25% $10,906
NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $17,821
V.I.P. MORTGAGE, INC. 1 6.88% $8,976
SOUTH CENTRAL BANK, INC. 1 6.25% $2,584
South State Bank 1 6.38% $15,629
Warsaw Federal Savings and Loan Association 1 6.00% $14,806
MILEND, INC. 1 7.25% $17,588
NBH Bank 1 6.62% $5,451

The top Ohio VA lender as defined by loan originations is Mortgage Research Center, LLC, with 2,160 VA loans originated. Their average total fees are $6,259, which is $4,528 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Ohio VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,672), JPMorgan Chase Bank ($4,020), VANDERBILT MORTGAGE AND FINANCE, INC. ($4,210), MID AMERICA MORTGAGE, INC. ($4,663) and WRIGHT-PATT CREDIT UNION, INC. ($4,986).

The lowest rate Ohio VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.39%), NVR Mortgage Finance, Inc. (5.53%), PULTE MORTGAGE LLC (5.66%), Wells Fargo Bank (5.68%) and PENTAGON FEDERAL CREDIT UNION (5.71%).

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.