Altoona VA Loan Rates, Closing Costs & Stats

ALTOONA, PA

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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.

    Altoona's 30 lenders originated 112 VA loans during 2024. The total origination value was $24,400,000, with an average VA loan value of $217,857.

    Altoona VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Altoona averaged 0.6% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Altoona's average VA mortgage closing costs are $5,065.

    The average rate for the prior week (2025-06-13) was 6.74% and one month ago for the week of 2025-05-16, the average rate was 6.8%.

    The average rate one year ago was 6.6%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.66%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Altoona 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 Altoona level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 37 6.39% $4,202
    UNITED WHOLESALE MORTGAGE, LLC 11 5.99% $8,019
    Flagstar Bank, FSB 7 6.45% $9,205
    FREEDOM MORTGAGE CORPORATION 7 6.25% $6,426
    QUICKEN LOANS, LLC 6 6.14% $8,281
    First Commonwealth Bank 3 5.96% $7,943
    NEW DAY FINANCIAL, LLC 3 7.82% $7,563
    VILLAGE CAPITAL MORTGAGE 3 6.00% $4,307
    NAVY FEDERAL CREDIT UNION 3 5.79% $4,955
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.00% $10,079
    Citizens Bank 2 5.75% $4,417
    Equity Prime Mortgage LLC 2 6.50% $4,891
    EQUITY RESOURCES, INC. 2 6.56% $4,279
    NEWREZ LLC 2 6.25% $8,408
    PENNYMAC LOAN SERVICES, LLC 2 5.75% $10,166
    UNION HOME MORTGAGE CORP. 2 6.25% $9,209
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $3,881
    M&T Bank 1 5.38% $5,870
    First National Bank of Pennsylvania 1 6.88% $5,248
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $18,623
    USAA Federal Savings Bank 1 6.75% $10,786
    Barrington Bank & Trust Company, N.A. 1 6.25% $12,537
    POLARIS HOME FUNDING CORP. 1 7.25% $6,783
    Princeton Mortgage Corporation 1 5.99% $7,046
    CMG MORTGAGE, INC. 1 7.50% $8,125
    Wells Fargo Bank 1 7.38% $8,016
    BROKER SOLUTIONS, INC. 1 6.75% $11,914
    LAKEVIEW LOAN SERVICING, LLC 1 6.13% $4,027
    MORTGAGEONE, INC. 1 8.00% $900
    Keystone Funding, Inc. 1 5.75% $19,646

    The top Altoona VA lender as defined by loan originations is Mortgage Research Center, LLC, with 37 VA loans originated. Their average total fees are $4,202, which is $3,818 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Altoona VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,202), UNITED WHOLESALE MORTGAGE, LLC ($8,019), .

    The lowest rate Altoona VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.99%), Mortgage Research Center, LLC (6.39%), .

    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.