Ohio VA Loan Rates, Closing Costs & Stats

Ohio

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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.

    Ohio VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Ohio averaged 7.06% 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 6.51% and one month ago for the week of 2024-03-08, the average rate was 6.44%.

    The average rate one year ago was 6.04%.

    For refis of the same type during the week of 2024-04-12, the average rate was 7.32%.

    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.