Chambersburg VA Loan Rates, Closing Costs & Stats

CHAMBERSBURG-WAYNESBORO, 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 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.

Chambersburg's 64 lenders originated 187 VA loans during 2023. The total origination value was $55,785,000, with an average VA loan value of $298,316.

Chambersburg VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Chambersburg averaged 6.43% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

Chambersburg's average VA mortgage closing costs are $6,649.

The average rate for the prior week (2024-05-31) was 6.54% and one month ago for the week of 2024-05-03, the average rate was 6.56%.

The average rate one year ago was 6.46%.

For refis of the same type during the week of 2024-06-07, the average rate was 7.27%.

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

Chambersburg 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 Chambersburg level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 40 6.57% $6,465
Integrity Home Mortgage Corp 14 6.80% $7,542
CROSSCOUNTRY MORTGAGE, LLC 9 6.28% $10,305
UNITED WHOLESALE MORTGAGE, LLC 8 5.98% $8,774
QUICKEN LOANS, LLC 7 5.96% $15,109
GUILD MORTGAGE COMPANY 6 6.33% $14,492
PENNYMAC LOAN SERVICES, LLC 6 5.73% $7,699
Northpointe Bank 5 6.63% $8,538
NAVY FEDERAL CREDIT UNION 5 5.90% $6,741
NVR Mortgage Finance, Inc. 5 5.52% $7,593
NEW DAY FINANCIAL, LLC 4 7.52% $16,624
FREEDOM MORTGAGE CORPORATION 4 6.53% $16,283
UNION HOME MORTGAGE CORP. 4 6.75% $9,174
George Mason Mortgage, LLC 3 6.92% $7,383
USAA Federal Savings Bank 3 5.83% $9,029
VILLAGE CAPITAL MORTGAGE 2 7.26% $16,438
PATRIOT 2 5.69% $4,231
PENTAGON FEDERAL CREDIT UNION 2 5.19% $14,398
HOMEAMERICAN MORTGAGE CORPORATION 2 5.94% $3,548
First Federal Bank 2 6.44% $6,315
Mr. Cooper ( Nationstar Mortgage ) 2 6.63% $11,187
NBKC BANK 2 6.13% $11,641
HOMESPIRE MORTGAGE CORPORATION 2 7.25% $13,771
Mid-Continent Funding, Inc. 1 7.13% $10,312
MOVEMENT MORTGAGE, LLC 1 6.75% $14,409
NEWREZ LLC 1 6.13% $18,904
Old National Bank 1 6.38% $9,037
PLANET HOME LENDING, LLC 1 5.88% $26,028
PLAZA HOME MORTGAGE, INC. 1 6.63% $18,990
PNC Bank 1 6.50% $16,542
POLARIS HOME FUNDING CORP. 1 6.63% $14,796
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $11,382
RELIANCE FIRST CAPITAL, LLC 1 5.75% $18,786
ROYAL UNITED MORTGAGE LLC 1 6.50% $24,294
Sierra Pacific Mortgage Company, Inc. 1 7.13% $17,798
The Federal Savings Bank 1 6.75% $11,725
ABSOLUTE HOME MORTGAGE CORPORATION 1 8.13% $10,853
Towne Bank 1 5.50% $11,839
Truist 1 6.10% $13,652
Univest Bank and Trust Co. 1 6.38% $5,041
VAN DYK MORTGAGE CORPORATION 1 6.13% $4,348
TIDEWATER MORTGAGE SERVICES, INC. 1 6.88% $6,299
ACADEMY MORTGAGE CORPORATION 1 6.25% $4,642
Alcova Mortgage LLC 1 6.50% $7,843
AMERICAN FINANCIAL NETWORK, INC. 1 7.25% $24,172
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.50% $5,530
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $6,250
Barrington Bank & Trust Company, N.A. 1 5.25% $3,721
CALIBER HOME LOANS, INC. 1 5.75% $11,496
Citizens Bank 1 5.75% $20,186
CNB Bank Inc. 1 5.63% $6,501
DIRECT MORTGAGE LOANS, LLC 1 6.88% $13,118
ENVOY MORTGAGE, LTD 1 6.75% $10,110
First Heritage Mortgage, LLC 1 5.75% $14,062
FIRST HOME MORTGAGE CORPORATION 1 6.63% $7,923
Foote Capital Mortgage Company 1 6.13% $13,327
Fulton Bank 1 6.25% $5,770
GUARANTEED RATE AFFINITY, LLC 1 7.75% $150
HomePromise Corporation 1 6.50% $16,029
Homesale Mortgage, LLC 1 7.75% $11,812
LAKEVIEW LOAN SERVICING, LLC 1 5.75% $10,187
LOANDEPOT.COM, LLC 1 5.99% $9,261
Magnolia Bank 1 5.75% $13,103
MEMBERS 1ST FEDERAL CREDIT UNION 1 7.13% $13,270

The top Chambersburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 40 VA loans originated. Their average total fees are $6,465, which is $1,077 lower than the next largest lender, Integrity Home Mortgage Corp.

The lowest fee Chambersburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,465), Integrity Home Mortgage Corp ($7,542), .

The lowest rate Chambersburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.57%), Integrity Home Mortgage Corp (6.80%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Chambersburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $202,490 (3.5%) $225,896 (4.0%) 0.75 601
2018-02-01 $199,945 (0.0%) $225,073 (0.6%) 0.73 580
2018-03-01 $204,900 (2.5%) $230,153 (1.2%) 0.72 604
2018-04-01 $199,900 (0.0%) $229,332 (0.7%) 0.68 663
2018-05-01 $204,700 (0.2%) $236,755 (1.7%) 0.68 678
2018-06-01 $206,990 (0.6%) $239,430 (1.9%) 0.69 690
2018-07-01 $202,450 (-2.4%) $241,770 (3.0%) 0.68 678
2018-08-01 $208,723 (-0.4%) $244,751 (2.6%) 0.70 684
2018-09-01 $213,445 (3.7%) $245,385 (4.4%) 0.72 655
2018-10-01 $209,923 (1.1%) $240,188 (1.3%) 0.71 653
2018-11-01 $204,950 (2.5%) $238,730 (4.0%) 0.69 628
2018-12-01 $202,990 (-0.9%) $243,382 (6.4%) 0.70 587
2019-01-01 $200,748 (-0.9%) $240,506 (6.5%) 0.69 565
2019-02-01 $214,900 (7.5%) $240,921 (7.0%) 0.73 552
2019-03-01 $214,243 (4.6%) $239,964 (4.3%) 0.70 550
2019-04-01 $219,950 (10.0%) $240,321 (4.8%) 0.70 533
2019-05-01 $224,900 (9.9%) $242,427 (2.4%) 0.70 546
2019-06-01 $219,900 (6.2%) $240,919 (0.6%) 0.69 551
2019-07-01 $219,900 (8.6%) $240,359 (-0.6%) 0.69 533
2019-08-01 $219,452 (5.1%) $239,133 (-2.3%) 0.69 523
2019-09-01 $218,630 (2.4%) $238,055 (-3.0%) 0.70 512
2019-10-01 $218,081 (3.9%) $237,337 (-1.2%) 0.70 509
2019-11-01 $217,000 (5.9%) $237,647 (-0.5%) 0.71 491
2019-12-01 $219,400 (8.1%) $241,698 (-0.7%) 0.73 440
2020-01-01 $222,675 (10.9%) $244,711 (1.8%) 0.74 405
2020-02-01 $225,495 (4.9%) $249,651 (3.6%) 0.74 394
2020-03-01 $226,400 (5.7%) $253,037 (5.5%) 0.71 379
2020-04-01 $229,925 (4.5%) $263,245 (9.5%) 0.72 343
2020-05-01 $229,900 (2.2%) $262,968 (8.5%) 0.70 355
2020-06-01 $230,173 (4.7%) $264,338 (9.7%) 0.68 328
2020-07-01 $239,225 (8.8%) $276,628 (15.1%) 0.69 284
2020-08-01 $239,900 (9.3%) $283,238 (18.4%) 0.69 234
2020-09-01 $234,975 (7.5%) $283,788 (19.2%) 0.67 205
2020-10-01 $224,900 (3.1%) $281,537 (18.6%) 0.64 213
2020-11-01 $229,900 (5.9%) $274,128 (15.4%) 0.67 199
2020-12-01 $228,200 (4.0%) $280,435 (16.0%) 0.68 158
2021-01-01 $245,000 (10.0%) $286,641 (17.1%) 0.73 138
2021-02-01 $244,900 (8.6%) $284,241 (13.9%) 0.71 131
2021-03-01 $243,725 (7.7%) $288,703 (14.1%) 0.69 125
2021-04-01 $241,850 (5.2%) $285,987 (8.6%) 0.65 148
2021-05-01 $249,550 (8.6%) $296,171 (12.6%) 0.66 146
2021-06-01 $243,550 (5.8%) $293,014 (10.9%) 0.64 183
2021-07-01 $247,000 (3.3%) $294,414 (6.4%) 0.65 226
2021-08-01 $232,450 (-3.1%) $290,887 (2.7%) 0.62 222
2021-09-01 $234,950 (0.0%) $281,414 (-0.8%) 0.63 230
2021-10-01 $239,950 (6.7%) $283,784 (0.8%) 0.64 216
2021-11-01 $241,250 (4.9%) $284,316 (3.7%) 0.64 193
2021-12-01 $258,745 (13.4%) $290,171 (3.5%) 0.70 178
2022-01-01 $270,895 (10.6%) $300,962 (5.0%) 0.73 168
2022-02-01 $269,900 (10.2%) $302,054 (6.3%) 0.70 155
2022-03-01 $287,375 (17.9%) $313,578 (8.6%) 0.72 143
2022-04-01 $314,999 (30.3%) $339,107 (18.6%) 0.75 154
2022-05-01 $317,350 (27.2%) $337,946 (14.1%) 0.73 175
2022-06-01 $325,000 (33.4%) $344,538 (17.6%) 0.72 187
2022-07-01 $329,950 (33.6%) $344,415 (17.0%) 0.74 199
2022-08-01 $303,125 (30.4%) $335,588 (15.4%) 0.70 224
2022-09-01 $299,450 (27.5%) $332,600 (18.2%) 0.70 233
2022-10-01 $289,900 (20.8%) $352,303 (24.1%) 0.68 239
2022-11-01 $293,695 (21.7%) $353,058 (24.2%) 0.71 258
2022-12-01 $289,900 (12.0%) $352,258 (21.4%) 0.72 228
2023-01-01 $298,250 (10.1%) $376,553 (25.1%) 0.74 197
2023-02-01 $310,245 (15.0%) $392,537 (30.0%) 0.75 169
2023-03-01 $311,495 (8.4%) $400,828 (27.8%) 0.73 153
2023-04-01 $324,900 (3.1%) $408,313 (20.4%) 0.76 174
2023-05-01 $302,675 (-4.6%) $395,969 (17.2%) 0.69 176
2023-06-01 $312,923 (-3.7%) $395,667 (14.8%) 0.70 187
2023-07-01 $310,990 (-5.8%) $392,409 (13.9%) 0.71 196
2023-08-01 $325,750 (7.5%) $395,769 (17.9%) 0.75 193
2023-09-01 $325,000 (8.5%) $394,280 (18.6%) 0.76 207
2023-10-01 $335,108 (15.6%) $373,087 (5.9%) 0.79 219
2023-11-01 $317,675 (8.2%) $351,675 (-0.4%) 0.76 229
2023-12-01 $300,000 (3.5%) $348,178 (-1.2%) 0.73 200
2024-01-01 $312,500 (4.8%) $352,978 (-6.3%) 0.76 193
2024-02-01 $318,950 (2.8%) $358,262 (-8.7%) 0.77 180
2024-03-01 $315,000 (1.1%) $353,718 (-11.8%) 0.74 179
2024-04-01 $317,445 (-2.3%) $359,233 (-12.0%) 0.74 180
2024-05-01 $324,723 (7.3%) $366,686 (-7.4%) 0.73 193
Chambersburg's median listing price for 2024-05-01 was $324,723, a difference of $22,048 (7.3%) versus the prior year and $7,278 versus the prior month.

Chambersburg's median listing price comes in at 73% of the national average.

Chambersburg's average listing price for 2024-05-01 was $366,686, a difference of $-29,283 (-7.4%) versus the prior year and $7,453 versus the prior month.

For the 2024-05-01 period, Chambersburg had 193 MLS listings, a difference of 13 listings (7%) versus the prior month and 17 listings (10%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Chambersburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 90 days 1,902 sqft
2018-02-01 97 days 1,875 sqft
2018-03-01 67 days 1,854 sqft
2018-04-01 52 days 1,800 sqft
2018-05-01 59 days 1,862 sqft
2018-06-01 64 days 1,958 sqft
2018-07-01 71 days 1,991 sqft
2018-08-01 72 days 2,005 sqft
2018-09-01 73 days 2,067 sqft
2018-10-01 68 days 2,000 sqft
2018-11-01 71 days 1,956 sqft
2018-12-01 81 days 1,928 sqft
2019-01-01 89 days 1,918 sqft
2019-02-01 91 days 1,916 sqft
2019-03-01 74 days 1,920 sqft
2019-04-01 55 days 1,931 sqft
2019-05-01 56 days 2,000 sqft
2019-06-01 59 days 2,000 sqft
2019-07-01 65 days 1,988 sqft
2019-08-01 66 days 1,990 sqft
2019-09-01 66 days 1,988 sqft
2019-10-01 65 days 1,986 sqft
2019-11-01 68 days 2,000 sqft
2019-12-01 78 days 2,037 sqft
2020-01-01 83 days 2,043 sqft
2020-02-01 77 days 2,076 sqft
2020-03-01 56 days 2,027 sqft
2020-04-01 69 days 2,067 sqft
2020-05-01 80 days 2,046 sqft
2020-06-01 64 days 1,976 sqft
2020-07-01 40 days 1,978 sqft
2020-08-01 38 days 2,000 sqft
2020-09-01 36 days 1,980 sqft
2020-10-01 48 days 1,971 sqft
2020-11-01 50 days 1,931 sqft
2020-12-01 56 days 1,865 sqft
2021-01-01 59 days 1,906 sqft
2021-02-01 51 days 1,919 sqft
2021-03-01 44 days 1,972 sqft
2021-04-01 30 days 1,919 sqft
2021-05-01 33 days 1,950 sqft
2021-06-01 38 days 1,855 sqft
2021-07-01 38 days 1,871 sqft
2021-08-01 41 days 1,842 sqft
2021-09-01 41 days 1,761 sqft
2021-10-01 44 days 1,750 sqft
2021-11-01 45 days 1,744 sqft
2021-12-01 52 days 1,759 sqft
2022-01-01 65 days 1,772 sqft
2022-02-01 65 days 1,729 sqft
2022-03-01 51 days 1,771 sqft
2022-04-01 37 days 1,840 sqft
2022-05-01 39 days 1,954 sqft
2022-06-01 42 days 1,914 sqft
2022-07-01 45 days 1,954 sqft
2022-08-01 44 days 1,927 sqft
2022-09-01 48 days 1,969 sqft
2022-10-01 46 days 1,914 sqft
2022-11-01 47 days 1,863 sqft
2022-12-01 54 days 1,822 sqft
2023-01-01 73 days 1,892 sqft
2023-02-01 70 days 1,887 sqft
2023-03-01 44 days 1,903 sqft
2023-04-01 31 days 1,950 sqft
2023-05-01 33 days 1,930 sqft
2023-06-01 40 days 1,924 sqft
2023-07-01 35 days 1,972 sqft
2023-08-01 33 days 1,945 sqft
2023-09-01 37 days 1,943 sqft
2023-10-01 43 days 1,922 sqft
2023-11-01 48 days 1,903 sqft
2023-12-01 56 days 1,900 sqft
2024-01-01 54 days 1,902 sqft
2024-02-01 42 days 1,900 sqft
2024-03-01 33 days 1,900 sqft
2024-04-01 35 days 1,882 sqft
2024-05-01 30 days 1,958 sqft
Chambersburg's median listing age (time on market) for 2024-05-01 was 30 days. This is -7% shorter than the same period one year ago.

Chambersburg's median square footage for active listings during the 2024-05-01 period was 1,958 sqft. One year prior, the average listing was 1,930 sqft.

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.