Altoona VA Loans
ALTOONA, PA
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 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 46 lenders originated 278 VA loans during 2021. The total origination value was $51,760,000, with an average VA loan value of $186,187.
Altoona VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Altoona
averaged
5.21%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.44% and
one month ago for the week of 2022-04-08, the
average rate was 4.86%.
The average rate one year ago was 2.98%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.15%.
Altoona VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Altoona level.
The top Altoona VA lender as defined by loan originations is Mortgage Research Center, LLC, with
32 VA loans originated. Their average total fees are
$4,950, which is $603
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Altoona VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($1,680), QUICKEN LOANS, LLC ($4,347), Mortgage Research Center, LLC ($4,950), NEW DAY FINANCIAL, LLC ($5,194) and EQUITY RESOURCES, INC. ($5,203).
The lowest rate Altoona VA lenders (with over 10 loans originated) are
EQUITY RESOURCES, INC. (2.46%), FREEDOM MORTGAGE CORPORATION (2.54%), QUICKEN LOANS, LLC (2.57%), NEW DAY FINANCIAL, LLC (2.87%) and Mortgage Research Center, LLC (2.88%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Altoona (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $138,900 (20.8%) | $210,366 (11.9%) | 0.00 | 346 |
2018-02-01 | $137,950 (20.0%) | $205,966 (8.2%) | 0.00 | 342 |
2018-03-01 | $138,000 (8.3%) | $208,985 (0.6%) | 0.00 | 334 |
2018-04-01 | $139,925 (7.7%) | $213,197 (3.8%) | 0.00 | 312 |
2018-05-01 | $139,975 (1.8%) | $189,066 (-8.7%) | 0.00 | 343 |
2018-06-01 | $140,000 (0.1%) | $188,714 (-13.6%) | 0.00 | 355 |
2018-07-01 | $139,900 (0.0%) | $187,519 (-13.1%) | 0.00 | 374 |
2018-08-01 | $139,925 (0.7%) | $185,899 (-14.0%) | 0.00 | 377 |
2018-09-01 | $138,000 (2.3%) | $187,402 (-10.9%) | 0.00 | 369 |
2018-10-01 | $133,250 (2.5%) | $182,474 (-8.7%) | 0.00 | 380 |
2018-11-01 | $129,000 (-0.7%) | $173,747 (-10.2%) | 0.00 | 378 |
2018-12-01 | $125,000 (-4.6%) | $173,593 (-15.2%) | 0.00 | 344 |
2019-01-01 | $127,450 (-8.2%) | $178,499 (-15.2%) | 0.00 | 322 |
2019-02-01 | $127,950 (-7.3%) | $180,371 (-12.4%) | 0.00 | 323 |
2019-03-01 | $131,529 (-4.7%) | $180,407 (-13.7%) | 0.00 | 318 |
2019-04-01 | $137,400 (-1.8%) | $183,715 (-13.8%) | 0.00 | 319 |
2019-05-01 | $137,400 (-1.8%) | $185,303 (-2.0%) | 0.00 | 357 |
2019-06-01 | $134,900 (-3.6%) | $181,160 (-4.0%) | 0.00 | 381 |
2019-07-01 | $134,700 (-3.7%) | $177,653 (-5.3%) | 0.00 | 391 |
2019-08-01 | $132,586 (-5.3%) | $178,562 (-4.0%) | 0.00 | 389 |
2019-09-01 | $129,700 (-6.0%) | $177,416 (-5.3%) | 0.00 | 395 |
2019-10-01 | $129,200 (-3.0%) | $175,622 (-3.8%) | 0.00 | 408 |
2019-11-01 | $126,000 (-2.3%) | $181,479 (4.5%) | 0.00 | 390 |
2019-12-01 | $124,975 (0.0%) | $179,661 (3.5%) | 0.00 | 384 |
2020-01-01 | $126,950 (-0.4%) | $180,077 (0.9%) | 0.00 | 360 |
2020-02-01 | $125,000 (-2.3%) | $175,702 (-2.6%) | 0.00 | 340 |
2020-03-01 | $127,000 (-3.4%) | $177,974 (-1.4%) | 0.00 | 330 |
2020-04-01 | $130,000 (-5.4%) | $185,747 (1.1%) | 0.00 | 319 |
2020-05-01 | $139,900 (1.8%) | $195,074 (5.3%) | 0.00 | 321 |
2020-06-01 | $137,200 (1.7%) | $187,408 (3.5%) | 0.00 | 296 |
2020-07-01 | $149,900 (11.3%) | $192,882 (8.6%) | 0.00 | 277 |
2020-08-01 | $149,000 (12.4%) | $197,172 (10.4%) | 0.00 | 271 |
2020-09-01 | $145,000 (11.8%) | $191,866 (8.1%) | 0.00 | 263 |
2020-10-01 | $144,900 (12.2%) | $191,354 (9.0%) | 0.00 | 264 |
2020-11-01 | $145,000 (15.1%) | $204,103 (12.5%) | 0.00 | 219 |
2020-12-01 | $149,450 (19.6%) | $203,151 (13.1%) | 0.00 | 198 |
2021-01-01 | $145,900 (14.9%) | $205,114 (13.9%) | 0.00 | 196 |
2021-02-01 | $145,450 (16.4%) | $192,026 (9.3%) | 0.00 | 175 |
2021-03-01 | $149,900 (18.0%) | $197,841 (11.2%) | 0.00 | 156 |
2021-04-01 | $158,500 (21.9%) | $201,146 (8.3%) | 0.00 | 142 |
2021-05-01 | $150,000 (7.2%) | $194,742 (-0.2%) | 0.00 | 128 |
2021-06-01 | $157,000 (14.4%) | $198,101 (5.7%) | 0.00 | 141 |
2021-07-01 | $160,000 (6.7%) | $199,407 (3.4%) | 0.00 | 157 |
2021-08-01 | $149,900 (0.6%) | $189,638 (-3.8%) | 0.00 | 167 |
2021-09-01 | $149,950 (3.4%) | $188,103 (-2.0%) | 0.00 | 170 |
2021-10-01 | $149,900 (3.5%) | $200,753 (4.9%) | 0.00 | 170 |
2021-11-01 | $152,950 (5.5%) | $218,451 (7.0%) | 0.00 | 163 |
2021-12-01 | $140,000 (-6.3%) | $205,565 (1.2%) | 0.00 | 157 |
2022-01-01 | $144,900 (-0.7%) | $209,682 (2.2%) | 0.00 | 138 |
2022-02-01 | $143,450 (-1.4%) | $208,470 (8.6%) | 0.00 | 128 |
2022-03-01 | $145,950 (-2.6%) | $217,901 (10.1%) | 0.00 | 108 |
2022-04-01 | $149,900 (-5.4%) | $227,696 (13.2%) | 0.00 | 106 |
Altoona's median listing price comes in at 0% of the national average.
Altoona's average listing price for 2022-04-01 was $227,696, a difference of $26,550 (13.2%) versus the prior year and $9,795 versus the prior month.
For the 2022-04-01 period, Altoona had 106 MLS listings, a difference of -2 listings (-2%) versus the prior month and -36 listings (-25%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Altoona (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,020 sqft |
2018-02-01 | 0 days | 1,901 sqft |
2018-03-01 | 0 days | 1,900 sqft |
2018-04-01 | 0 days | 1,843 sqft |
2018-05-01 | 0 days | 1,788 sqft |
2018-06-01 | 0 days | 1,828 sqft |
2018-07-01 | 0 days | 1,745 sqft |
2018-08-01 | 0 days | 1,728 sqft |
2018-09-01 | 0 days | 1,800 sqft |
2018-10-01 | 0 days | 1,737 sqft |
2018-11-01 | 0 days | 1,684 sqft |
2018-12-01 | 0 days | 1,700 sqft |
2019-01-01 | 0 days | 1,729 sqft |
2019-02-01 | 0 days | 1,740 sqft |
2019-03-01 | 0 days | 1,782 sqft |
2019-04-01 | 0 days | 1,800 sqft |
2019-05-01 | 0 days | 1,873 sqft |
2019-06-01 | 0 days | 1,805 sqft |
2019-07-01 | 0 days | 1,848 sqft |
2019-08-01 | 0 days | 1,892 sqft |
2019-09-01 | 0 days | 1,907 sqft |
2019-10-01 | 0 days | 1,795 sqft |
2019-11-01 | 0 days | 1,826 sqft |
2019-12-01 | 0 days | 1,816 sqft |
2020-01-01 | 0 days | 1,798 sqft |
2020-02-01 | 0 days | 1,800 sqft |
2020-03-01 | 0 days | 1,740 sqft |
2020-04-01 | 0 days | 1,734 sqft |
2020-05-01 | 0 days | 1,800 sqft |
2020-06-01 | 0 days | 1,793 sqft |
2020-07-01 | 0 days | 1,878 sqft |
2020-08-01 | 0 days | 1,860 sqft |
2020-09-01 | 0 days | 1,736 sqft |
2020-10-01 | 0 days | 1,758 sqft |
2020-11-01 | 0 days | 1,718 sqft |
2020-12-01 | 0 days | 1,713 sqft |
2021-01-01 | 0 days | 1,784 sqft |
2021-02-01 | 0 days | 1,897 sqft |
2021-03-01 | 0 days | 2,040 sqft |
2021-04-01 | 0 days | 1,988 sqft |
2021-05-01 | 0 days | 1,824 sqft |
2021-06-01 | 0 days | 1,853 sqft |
2021-07-01 | 0 days | 1,882 sqft |
2021-08-01 | 0 days | 1,832 sqft |
2021-09-01 | 0 days | 1,797 sqft |
2021-10-01 | 0 days | 1,732 sqft |
2021-11-01 | 0 days | 1,810 sqft |
2021-12-01 | 0 days | 1,810 sqft |
2022-01-01 | 0 days | 1,792 sqft |
2022-02-01 | 0 days | 1,780 sqft |
2022-03-01 | 0 days | 1,800 sqft |
2022-04-01 | 0 days | 1,848 sqft |
Altoona's median square footage for active listings during the 2022-04-01 period was 1,848 sqft. One year prior, the average listing was 1,988 sqft.