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 73 lenders originated 297 VA loans during 2022. The total origination value was $82,275,000, with an average VA loan value of $277,020.

Chambersburg VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Chambersburg averaged -0.22% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Chambersburg's average VA mortgage closing costs are $6,373.

The average rate for the prior week (2024-02-16) was 6.56% and one month ago for the week of 2024-01-19, the average rate was 6.11%.

The average rate one year ago was 6.03%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.79%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 50 5.29% $7,587
CROSSCOUNTRY MORTGAGE, LLC 16 4.96% $9,525
QUICKEN LOANS, LLC 16 4.46% $11,565
USAA Federal Savings Bank 14 4.46% $8,990
NAVY FEDERAL CREDIT UNION 13 3.95% $5,485
Integrity Home Mortgage Corp 11 4.23% $7,543
GUILD MORTGAGE COMPANY 11 4.74% $9,647
FREEDOM MORTGAGE CORPORATION 10 4.65% $13,338
UNITED WHOLESALE MORTGAGE, LLC 10 4.07% $10,737
Northpointe Bank 9 4.22% $7,547
UNION HOME MORTGAGE CORP. 8 4.64% $7,212
NEW DAY FINANCIAL, LLC 8 5.45% $10,279
PATRIOT 6 4.92% $9,386
LOANDEPOT.COM, LLC 5 3.50% $7,634
Wells Fargo Bank 4 4.06% $8,587
NFM, INC. 4 5.31% $9,019
GUARANTEED RATE AFFINITY, LLC 4 5.50% $9,204
U.S. Bank 4 4.59% $12,569
VILLAGE CAPITAL MORTGAGE 4 4.25% $14,482
Barrington Bank & Trust Company, N.A. 3 5.75% $7,492
FIRST HOME MORTGAGE CORPORATION 3 4.67% $10,888
Towne Bank 3 4.21% $12,794
PENNYMAC LOAN SERVICES, LLC 3 2.88% $9,827
HomePromise Corporation 3 5.79% $15,215
ENVOY MORTGAGE, LTD 3 6.63% $6,904
George Mason Mortgage, LLC 3 4.12% $9,359
DHI MORTGAGE COMPANY, LTD. 2 4.00% $11,454
HOME POINT FINANCIAL CORPORATION 2 4.56% $7,356
The Federal Savings Bank 2 5.19% $17,649
CLEARPATH LENDING 2 5.00% $17,507
TJC Mortgage, Inc. 2 4.50% $7,544
MCLEAN MORTGAGE CORPORATION 2 3.50% $15,642
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.87% $2,273
Plains Commerce Bank 1 4.50% $8,521
PLANET HOME LENDING, LLC 1 3.25% $15,032
Shore United Bank 1 5.75% $13,835
SOUTHERN TRUST MORTGAGE, LLC 1 4.50% $4,735
THE MORTGAGE LINK, INC. 1 5.75% $8,135
TOP FLITE FINANCIAL, INC. 1 6.75% $20,287
US MORTGAGE CORPORATION 1 4.63% $13,699
NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $9,436
AMERISAVE MORTGAGE CORPORATION 1 6.63% $14,389
Atlantic Union Bank 1 7.13% $1,695
Bank of England 1 4.50% $2,285
BAY CAPITAL MORTGAGE CORPORATION 1 5.00% $11,556
CBM Mortgage, Inc. 1 5.75% $18,478
Citizens Bank 1 2.63% $9,810
EMBRACE HOME LOANS, INC. 1 5.25% $5,602
EMM LOANS LLC 1 6.25% $4,295
Equity Prime Mortgage LLC 1 5.63% $16,948
EVERETT FINANCIAL, INC. 1 3.88% $8,129
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 4.88% $4,264
Farmers and Merchants Trust Company of Chambersburg 1 3.75% $11,510
FIDELITY DIRECT MORTGAGE, LLC 1 4.38% $9,293
First Federal Bank 1 3.13% $14,496
First Federal Bank of Kansas City 1 6.50% $680
First Federal Bank of the Midwest 1 5.25% $5,982
Flagstar Bank, FSB 1 3.75% $11,510
Foote Capital Mortgage Company 1 6.75% $12,144
GUARANTEED RATE, INC. 1 3.75% $4,358
HOMESIDE FINANCIAL, LLC 1 6.25% $13,860
HOWARD HANNA FINANCIAL SERVICES, INC. 1 2.63% $17,671
Low VA Rates, LLC 1 4.25% $0
Magnolia Bank 1 5.25% $10,913
MID AMERICA MORTGAGE, INC. 1 5.25% $3,320
Mr. Cooper ( Nationstar Mortgage ) 1 4.25% $9,336
M&T Bank 1 5.13% $4,470
Nations Lending Corporation 1 4.63% $18,265
AMERICAN FINANCING CORPORATION 1 5.75% $4,849
NEWREZ LLC 1 2.88% $4,407
North American Savings Bank, F.S.B. 1 4.38% $775
Paramount Bank 1 3.25% $5,935
PENTAGON FEDERAL CREDIT UNION 1 3.00% $4,921

The top Chambersburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 50 VA loans originated. Their average total fees are $7,587, which is $1,938 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Chambersburg VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($5,485), Integrity Home Mortgage Corp ($7,543), Mortgage Research Center, LLC ($7,587), USAA Federal Savings Bank ($8,990) and CROSSCOUNTRY MORTGAGE, LLC ($9,525).

The lowest rate Chambersburg VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (3.95%), UNITED WHOLESALE MORTGAGE, LLC (4.07%), Integrity Home Mortgage Corp (4.23%), QUICKEN LOANS, LLC (4.46%) and USAA Federal Savings Bank (4.46%).


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
Chambersburg's median listing price for 2023-12-01 was $300,000, a difference of $10,100 (3.5%) versus the prior year and $-17,675 versus the prior month.

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

Chambersburg's average listing price for 2023-12-01 was $348,178, a difference of $-4,080 (-1.2%) versus the prior year and $-3,497 versus the prior month.

For the 2023-12-01 period, Chambersburg had 200 MLS listings, a difference of -29 listings (-13%) versus the prior month and -28 listings (-12%) 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 2,077 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 1,922 sqft
2021-03-01 44 days 1,972 sqft
2021-04-01 30 days 1,920 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 1,949 sqft
2022-06-01 42 days 1,912 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 1,915 sqft
2022-11-01 47 days 1,864 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 1,950 sqft
2023-08-01 33 days 1,945 sqft
2023-09-01 37 days 1,942 sqft
2023-10-01 43 days 1,919 sqft
2023-11-01 48 days 1,903 sqft
2023-12-01 56 days 1,900 sqft
Chambersburg's median listing age (time on market) for 2023-12-01 was 56 days. This is 4% longer than the same period one year ago.

Chambersburg's median square footage for active listings during the 2023-12-01 period was 1,900 sqft. One year prior, the average listing was 1,822 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.