Chambersburg VA Loan Rates, Closing Costs & Stats

CHAMBERSBURG-WAYNESBORO, 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.

    Chambersburg's 64 lenders originated 298 VA loans during 2024. The total origination value was $96,920,000, with an average VA loan value of $325,235.

    Chambersburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Chambersburg averaged 0.29% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Chambersburg's average VA mortgage closing costs are $6,990.

    The average rate for the prior week (2025-06-13) was 7.03% and one month ago for the week of 2025-05-16, the average rate was 6.59%.

    The average rate one year ago was 6.99%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.97%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 56 6.54% $6,618
    UNITED WHOLESALE MORTGAGE, LLC 24 5.92% $7,501
    FREEDOM MORTGAGE CORPORATION 17 6.59% $11,211
    QUICKEN LOANS, LLC 15 6.15% $12,182
    Integrity Home Mortgage Corp 14 6.63% $7,475
    CROSSCOUNTRY MORTGAGE, LLC 14 6.38% $10,745
    NAVY FEDERAL CREDIT UNION 8 5.75% $6,752
    PENNYMAC LOAN SERVICES, LLC 8 5.84% $8,531
    NVR Mortgage Finance, Inc. 8 5.97% $8,617
    UNION HOME MORTGAGE CORP. 7 6.23% $13,598
    VILLAGE CAPITAL MORTGAGE 7 5.71% $9,463
    Magnolia Bank 6 5.81% $18,092
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.00% $11,175
    GUILD MORTGAGE COMPANY 6 5.92% $12,327
    NEW DAY FINANCIAL, LLC 5 7.74% $11,367
    The Federal Savings Bank 4 6.47% $18,559
    USAA Federal Savings Bank 4 6.09% $8,555
    LOANDEPOT.COM, LLC 4 6.15% $17,236
    BROKER SOLUTIONS, INC. 4 6.66% $14,340
    MOVEMENT MORTGAGE, LLC 3 5.79% $4,112
    NEWREZ LLC 3 5.88% $8,065
    GUARANTEED RATE, INC. 3 5.83% $6,112
    PLANET HOME LENDING, LLC 3 6.13% $7,299
    CMG MORTGAGE, INC. 3 5.54% $6,458
    ENVOY MORTGAGE, LTD 3 6.96% $15,107
    Sandy Spring Bank 2 6.50% $10,935
    Homesale Mortgage, LLC 2 6.25% $15,219
    HomePromise Corporation 2 6.69% $10,622
    Prosperity Home Mortgage, LLC 2 6.31% $8,167
    GUARANTEED RATE AFFINITY, LLC 2 6.38% $6,755
    CLEARPATH LENDING 2 6.44% $12,386
    TJC Mortgage, Inc. 1 6.25% $17,177
    ALLIED MORTGAGE GROUP, INC. 1 6.75% $3,395
    WesBanco 1 6.25% $12,541
    AMERICAN FINANCING CORPORATION 1 5.75% $16,741
    Ameris Bank 1 7.13% $4,651
    Atlantic Coast Mortgage, LLC 1 6.13% $14,117
    Barrington Bank & Trust Company, N.A. 1 6.75% $7,765
    CARDINAL FINANCIAL 1 6.63% $6,015
    DIRECT MORTGAGE LOANS, LLC 1 7.13% $12,360
    EMBRACE HOME LOANS, INC. 1 5.38% $18,730
    EMM LOANS LLC 1 6.25% $12,346
    FIRST HERITAGE FINANCIAL, LLC 1 6.25% $14,523
    FIRST HOME MORTGAGE CORPORATION 1 7.25% $5,882
    GSF Mortgage Corporation 1 5.63% $8,167
    HOMESPIRE MORTGAGE CORPORATION 1 6.13% $650
    Ixonia Bank 1 6.25% $24,622
    MEMBERS 1ST FEDERAL CREDIT UNION 1 7.13% $35,769
    Mid-Continent Funding, Inc. 1 5.75% $4,945
    MORTGAGEONE, INC. 1 6.25% $2,714
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $3,764
    PATRIOT 1 6.00% $9,076
    PENTAGON FEDERAL CREDIT UNION 1 6.63% $10,940
    PHH Mortgage Corporation 1 4.99% $8,523
    Presidential Bank, FSB 1 5.63% $8,665
    RADIUS FINANCIAL GROUP INC. 1 6.75% $22,311
    RELIANCE FIRST CAPITAL, LLC 1 6.13% $12,547
    Shore United Bank 1 6.25% $12,769
    Sierra Pacific Mortgage Company, Inc. 1 7.25% $6,940
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 1 5.63% $5,831
    SUN WEST MORTGAGE COMPANY, INC. 1 5.75% $22,099
    T2 FINANCIAL LLC 1 6.63% $7,956
    THE MORTGAGE FIRM, INC. 1 5.75% $6,502
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.75% $9,025

    The top Chambersburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 56 VA loans originated. Their average total fees are $6,618, which is $883 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Chambersburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,618), Integrity Home Mortgage Corp ($7,475), UNITED WHOLESALE MORTGAGE, LLC ($7,501), CROSSCOUNTRY MORTGAGE, LLC ($10,745) and FREEDOM MORTGAGE CORPORATION ($11,211).

    The lowest rate Chambersburg VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.92%), QUICKEN LOANS, LLC (6.15%), CROSSCOUNTRY MORTGAGE, LLC (6.38%), Mortgage Research Center, LLC (6.54%) and FREEDOM MORTGAGE CORPORATION (6.59%).

    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.