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.