Akron VA Loan Rates, Closing Costs & Stats
AKRON, OH
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.
Akron's 89 lenders originated 728 VA
loans during 2024. The total origination value was $189,880,000, with an average VA loan value of
$260,824.
Akron VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Akron
averaged
6.74%
for the week of 2025-07-18, compared to the national average (all VA variants) of
6.385% for the same period.
Akron's average VA mortgage closing costs are $5,781.
The average rate for the prior week (2025-07-11) was
6.93% and
one month ago for the week of 2025-06-13, the
average rate was 7%.
The average rate one year ago was 6.8%.
For refis of the same type during the week of 2025-07-18, the average rate
was 7.46%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Akron 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 Akron level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
Mortgage Research Center, LLC
|
155
|
6.43%
|
$6,171
|
CROSSCOUNTRY MORTGAGE, LLC
|
57
|
6.49%
|
$6,580
|
QUICKEN LOANS, LLC
|
55
|
6.15%
|
$9,175
|
UNITED WHOLESALE MORTGAGE, LLC
|
44
|
5.90%
|
$9,291
|
FREEDOM MORTGAGE CORPORATION
|
28
|
6.26%
|
$7,380
|
PENNYMAC LOAN SERVICES, LLC
|
27
|
5.74%
|
$5,829
|
NVR Mortgage Finance, Inc.
|
22
|
6.14%
|
$5,013
|
NEW DAY FINANCIAL, LLC
|
21
|
7.61%
|
$9,729
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
16
|
6.16%
|
$6,610
|
NAVY FEDERAL CREDIT UNION
|
15
|
5.95%
|
$3,746
|
NEWREZ LLC
|
11
|
6.47%
|
$7,376
|
The Huntington National Bank
|
11
|
6.70%
|
$5,626
|
UNION HOME MORTGAGE CORP.
|
10
|
6.50%
|
$10,036
|
VILLAGE CAPITAL MORTGAGE
|
10
|
5.90%
|
$4,975
|
USAA Federal Savings Bank
|
9
|
6.17%
|
$6,094
|
RUOFF MORTGAGE COMPANY, INC.
|
9
|
6.53%
|
$4,225
|
S1L, Inc.
|
7
|
6.38%
|
$7,890
|
POLARIS HOME FUNDING CORP.
|
7
|
6.57%
|
$11,618
|
GUARANTEED RATE, INC.
|
6
|
6.14%
|
$3,577
|
PULTE MORTGAGE LLC
|
6
|
4.81%
|
$9,200
|
PREMIER LENDING, INC.
|
6
|
6.79%
|
$8,905
|
Mr. Cooper ( Nationstar Mortgage )
|
6
|
6.23%
|
$11,567
|
CLEARPATH LENDING
|
5
|
5.23%
|
$5,131
|
UNION CAPITAL MORTGAGE CORPORATION
|
5
|
6.38%
|
$9,688
|
BROKER SOLUTIONS, INC.
|
5
|
6.73%
|
$12,581
|
SUN WEST MORTGAGE COMPANY, INC.
|
5
|
6.57%
|
$5,979
|
LIBERTY HOME MORTGAGE CORPORATION
|
5
|
6.80%
|
$6,156
|
The Federal Savings Bank
|
5
|
6.43%
|
$14,999
|
Equity Prime Mortgage LLC
|
5
|
7.10%
|
$11,215
|
WEST PENN FINANCIAL SERVICE CENTER, INC.
|
4
|
6.38%
|
$8,791
|
Fifth Third Bank
|
4
|
6.53%
|
$4,537
|
Flagstar Bank, FSB
|
4
|
6.47%
|
$7,839
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
4
|
6.72%
|
$13,172
|
GVC MORTGAGE, INC.
|
4
|
6.66%
|
$8,474
|
HOWARD HANNA FINANCIAL SERVICES, INC.
|
4
|
6.44%
|
$8,078
|
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C.
|
4
|
5.97%
|
$7,245
|
LAKEVIEW LOAN SERVICING, LLC
|
4
|
5.94%
|
$7,251
|
NBKC BANK
|
4
|
6.03%
|
$3,810
|
The Farmers National Bank of Canfield
|
4
|
6.53%
|
$2,929
|
Credence Funding Corporation
|
3
|
5.13%
|
$7,222
|
LOANDEPOT.COM, LLC
|
3
|
6.50%
|
$5,735
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
3
|
7.42%
|
$6,014
|
Nations Lending Corporation
|
3
|
6.29%
|
$6,938
|
KeyBank
|
3
|
5.96%
|
$4,125
|
JPMorgan Chase Bank
|
3
|
6.38%
|
$9,360
|
Barrington Bank & Trust Company, N.A.
|
2
|
6.00%
|
$8,922
|
Independent Bank
|
2
|
6.13%
|
$8,498
|
LOANPAL, LLC
|
2
|
6.38%
|
$13,269
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
2
|
6.44%
|
$1,091
|
First Federal Bank
|
2
|
5.75%
|
$8,117
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
2
|
6.50%
|
$8,203
|
NFM, INC.
|
2
|
6.50%
|
$12,098
|
ENVOY MORTGAGE, LTD
|
2
|
6.56%
|
$13,364
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
2
|
6.19%
|
$3,651
|
Citizens Bank
|
2
|
5.69%
|
$5,232
|
Carrington Mortgage Services, LLC
|
2
|
6.38%
|
$4,161
|
RELIANCE FIRST CAPITAL, LLC
|
2
|
7.06%
|
$5,103
|
AMERISAVE MORTGAGE CORPORATION
|
2
|
5.56%
|
$15,868
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
2
|
7.50%
|
$7,927
|
Paramount Residential Mortgage Group, Inc.
|
1
|
6.75%
|
$7,579
|
DHI MORTGAGE COMPANY, LTD.
|
1
|
5.75%
|
$11,809
|
PENTAGON FEDERAL CREDIT UNION
|
1
|
5.88%
|
$8,444
|
PLANET HOME LENDING, LLC
|
1
|
5.99%
|
$3,134
|
PLAZA HOME MORTGAGE, INC.
|
1
|
5.63%
|
$20,411
|
PNC Bank
|
1
|
6.13%
|
$6,412
|
MORTGAGE ACCESS CORP.
|
1
|
7.13%
|
$5,625
|
CMG MORTGAGE, INC.
|
1
|
5.13%
|
$7,752
|
U.S. Bank
|
1
|
6.75%
|
$4,463
|
Prosperity Home Mortgage, LLC
|
1
|
6.25%
|
$2,678
|
AMERICAN FINANCIAL NETWORK, INC.
|
1
|
5.75%
|
$6,875
|
Ixonia Bank
|
1
|
6.75%
|
$4,493
|
RAPID MORTGAGE COMPANY
|
1
|
5.88%
|
$9,966
|
MICHIGAN MUTUAL, INC.
|
1
|
6.25%
|
$9,466
|
CARDINAL FINANCIAL
|
1
|
5.63%
|
$9,353
|
BAYSHORE MORTGAGE FUNDING, LLC
|
1
|
5.75%
|
$6,239
|
Strong Home Mortgage, LLC
|
1
|
5.75%
|
$9,779
|
ALLIED MORTGAGE GROUP, INC.
|
1
|
5.50%
|
$6,975
|
Alcova Mortgage LLC
|
1
|
6.50%
|
$12,270
|
Bank of England
|
1
|
6.25%
|
$3,135
|
Armed Forces Bank
|
1
|
6.13%
|
$3,019
|
The Union Bank Company
|
1
|
5.75%
|
$10,702
|
MYCUMORTGAGE, LLC
|
1
|
6.25%
|
$3,820
|
MOVEMENT MORTGAGE, LLC
|
1
|
6.38%
|
$6,674
|
FIRST EQUITY MORTGAGE INCORPORATED
|
1
|
5.88%
|
$13,342
|
Wells Fargo Bank
|
1
|
7.13%
|
$12,186
|
FIRST COMMUNITY MORTGAGE, INC.
|
1
|
6.63%
|
$7,607
|
First Commonwealth Bank
|
1
|
5.63%
|
$10,234
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
1
|
5.63%
|
$7,467
|
Magnolia Bank
|
1
|
5.25%
|
$5,667
|
The top Akron VA lender as defined by loan originations is Mortgage Research Center, LLC, with
155 VA loans originated. Their average total fees are
$6,171, which is $409
lower than the next largest lender,
CROSSCOUNTRY MORTGAGE, LLC.
The lowest fee Akron VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION ($3,746), VILLAGE CAPITAL MORTGAGE ($4,975), NVR Mortgage Finance, Inc. ($5,013), The Huntington National Bank ($5,626) and PENNYMAC LOAN SERVICES, LLC ($5,829).
The lowest rate Akron VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (5.74%), VILLAGE CAPITAL MORTGAGE (5.90%), UNITED WHOLESALE MORTGAGE, LLC (5.90%), NAVY FEDERAL CREDIT UNION (5.95%) and NVR Mortgage Finance, Inc. (6.14%).
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.