Erie VA Loan Rates, Closing Costs & Stats

ERIE, 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.

Erie's 41 lenders originated 236 VA loans during 2024. The total origination value was $55,850,000, with an average VA loan value of $236,653.

Erie VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Erie averaged 6.85% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

Erie's average VA mortgage closing costs are $5,389.

The average rate for the prior week (2025-07-04) was 6.76% and one month ago for the week of 2025-06-06, the average rate was 6.84%.

The average rate one year ago was 6.96%.

For refis of the same type during the week of 2025-07-11, the average rate was 6.95%.

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

Erie 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 Erie level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 52 6.38% $5,810
UNITED WHOLESALE MORTGAGE, LLC 27 6.09% $5,823
QUICKEN LOANS, LLC 17 6.24% $10,004
USAA Federal Savings Bank 12 6.08% $7,146
NAVY FEDERAL CREDIT UNION 9 6.11% $4,894
EQUITY RESOURCES, INC. 9 6.40% $4,293
Equity Prime Mortgage LLC 8 6.86% $5,082
FREEDOM MORTGAGE CORPORATION 8 5.86% $5,651
NEW DAY FINANCIAL, LLC 8 7.56% $8,893
MOVEMENT MORTGAGE, LLC 6 6.54% $10,280
FIRST HERITAGE FINANCIAL, LLC 5 5.90% $6,797
SOUTHPOINT FINANCIAL SERVICES, INC. 5 6.30% $8,058
AFFORDABLE MORTGAGE ADVISORS, LLC. 5 6.68% $6,933
PENNYMAC LOAN SERVICES, LLC 5 6.20% $9,208
LOANDEPOT.COM, LLC 4 6.69% $10,153
First National Bank of Pennsylvania 4 6.03% $3,669
The Federal Savings Bank 3 5.92% $11,629
NEWREZ LLC 2 6.75% $5,067
Carrington Mortgage Services, LLC 2 5.81% $6,978
CMG MORTGAGE, INC. 2 6.75% $12,297
HOWARD HANNA FINANCIAL SERVICES, INC. 2 7.00% $5,441
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.75% $0
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.75% $13,827
The Huntington National Bank 2 6.63% $6,286
UNION HOME MORTGAGE CORP. 2 6.50% $13,920
Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $19,413
Northwest Bank 1 6.50% $8,091
Lakeview Community Capital, LLC 1 5.25% $5,604
PENTAGON FEDERAL CREDIT UNION 1 5.13% $11,289
Plains Commerce Bank 1 6.88% $2,924
PLANET HOME LENDING, LLC 1 6.38% $1,173
Flagstar Bank, FSB 1 7.25% $5,552
RAPID MORTGAGE COMPANY 1 7.13% $13,979
FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $8,563
CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $8,008
VILLAGE CAPITAL MORTGAGE 1 5.49% $10,290
Wells Fargo Bank 1 5.75% $10,260
Barrington Bank & Trust Company, N.A. 1 6.25% $4,499
AMERISAVE MORTGAGE CORPORATION 1 6.00% $10,011
NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $11,908
NBKC BANK 1 5.49% $3,555

The top Erie VA lender as defined by loan originations is Mortgage Research Center, LLC, with 52 VA loans originated. Their average total fees are $5,810, which is $13 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Erie VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,810), UNITED WHOLESALE MORTGAGE, LLC ($5,823), USAA Federal Savings Bank ($7,146), QUICKEN LOANS, LLC ($10,004) and .

The lowest rate Erie VA lenders (with over 10 loans originated) are USAA Federal Savings Bank (6.08%), UNITED WHOLESALE MORTGAGE, LLC (6.09%), QUICKEN LOANS, LLC (6.24%), Mortgage Research Center, LLC (6.38%) and .

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.