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Ohio VA Loans

  • Buy a Home with 0% Down
  • Refinance to Lower Monthly Payments
  • Lower your monthly payment
  • Easy to Qualify
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Secure a VA Mortgage in Ohio

Ohio veterans can qualify for home financing through the Ohio VA loan program.  This loan allows veterans who qualify to receive funds to purchase a home or refinance a current mortgage.  All VA loans are backed by the Department of Veteran Affairs (VA).

Jump to: Eligibility | Loan Limits

What is the VA Loan?

The VA program is a nationwide program that allows veterans to purchase homes at lower rates and with better terms than other borrowers.  The VA doesn’t provide the funding.  All VA loans are filled through traditional lenders.  The VA takes on some of the risk of the loans, and this reduction in risk allows lenders to give better loans to veterans.

VA Loan Benefits in Ohio

There are many benefits attached to VA loans.  Most of these benefits occur in the form of things you don’t have to do, which makes the loan process faster, simpler, and more affordable.  The best of these benefits are listed below.

  • You don’t have to make a down payment.  You can if you want to obtain equity in the home, but it isn’t required.
  • You don’t need a high credit score.
  • You don’t need to prove high income.  Your debt to income ratio can be narrower than with other loans.
  • You don’t need to store up high cash reserves in the bank.
  • You don’t have to purchase private mortgage insurance.
  • You won’t be penalized for paying your loan off early.
  • You aren’t stuck with just one loan term length.  You can select from several options.

VA Loan Requirements and Eligibility

The eligibility requirements for a VA loan are straightforward, but you must be a veteran in order to meet them.  If you’ve served 90 continuous days of active duty with a branch of the US Armed Services without dishonorable discharge, you’re eligible.  

Once you obtain a certificate of eligibility from the VA, talk to a VA loan specialist to finish your application. Note that other qualifications, like having a 620 minimum credit score, will also come into play. Speaking with a specialist will help you uncover any additional requirements. 

VA Refinance

If you’re a veteran, you can refinance your current mortgage through the VA through an Ohio VA Streamline, or IRRRL, refinance.  The streamline aspect cuts out some of the fees tied to the refinance and makes the process faster.

Also available is the VA Cash-Out refinance, which enables borrowers to access a maximum of 100% of their home equity for spending. Military or veteran homeowners whose home loans are not currently backed by the VA may refinance into a VA mortgage via the Cash-Out option. 

Ohio VA Mortgage Rates

In Ohio, VA loans often come with lower mortgage rates than conventional loans.  But don’t let any lender fool you.  Make sure you’re getting one of the lowest mortgage rates available to you before you sign the dotted line.  All lenders offer slightly different rates and terms.  Do some research and find the lender who can offer the rates that will provide you the best financial returns.

VA Lenders in Ohio

Contact up to four local lenders though the form above.  These lenders, who have experience brokering VA loans in your part of Ohio, can inform you of mortgage rates and VA loan limits that you’ll need to be aware of.  If you need more information, you can contact the Department of Veteran Affairs.

Ohio Military Information

Ohio has only one major military facility, the Wright-Patterson facility in Dayton. This military base is home to many veterans who are qualified to pursue Ohio VA loans.

VA Loan Lending Limits in Ohio

Below is the list of the maximum VA loan limits for counties in Ohio:

County Loan Limit
ADAMS $417,000
ALLEN $417,000
ASHLAND $417,000
ASHTABULA $417,000
ATHENS $417,000
AUGLAIZE $417,000
BELMONT $417,000
BROWN $417,000
BUTLER $417,000
CARROLL $417,000
CHAMPAIGN $417,000
CLARK $417,000
CLERMONT $417,000
CLINTON $417,000
COSHOCTON $417,000
CRAWFORD $417,000
CUYAHOGA $417,000
DARKE $417,000
DEFIANCE $417,000
DELAWARE $417,000
ERIE $417,000
FAIRFIELD $417,000
FAYETTE $417,000
FRANKLIN $417,000
FULTON $417,000
GALLIA $417,000
GEAUGA $417,000
GREENE $417,000
GUERNSEY $417,000
HAMILTON $417,000
HANCOCK $417,000
HARDIN $417,000
HARRISON $417,000
HENRY $417,000
HIGHLAND $417,000
HOCKING $417,000
HOLMES $417,000
HURON $417,000
JACKSON $417,000
JEFFERSON $417,000
KNOX $417,000
LAKE $417,000
LAWRENCE $417,000
LICKING $417,000
LOGAN $417,000
LORAIN $417,000
LUCAS $417,000
MADISON $417,000
MAHONING $417,000
MARION $417,000
MEDINA $417,000
MEIGS $417,000
MERCER $417,000
MIAMI $417,000
MONROE $417,000
MORGAN $417,000
MORROW $417,000
MUSKINGUM $417,000
NOBLE $417,000
OTTAWA $417,000
PAULDING $417,000
PERRY $417,000
PICKAWAY $417,000
PIKE $417,000
PORTAGE $417,000
PREBLE $417,000
PUTNAM $417,000
RICHLAND $417,000
ROSS $417,000
SANDUSKY $417,000
SCIOTO $417,000
SENECA $417,000
SHELBY $417,000
STARK $417,000
SUMMIT $417,000
TRUMBULL $417,000
UNION $417,000
VAN WERT $417,000
VINTON $417,000
WARREN $417,000
WAYNE $417,000
WILLIAMS $417,000
WOOD $417,000
WYANDOT $417,000

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