Erie VA Loan Rates, Closing Costs & Stats

ERIE, 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.

    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.