Hagerstown VA Loan Rates, Closing Costs & Stats
HAGERSTOWN-MARTINSBURG, MD-WV
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.
Hagerstown's 108 lenders originated 855 VA
loans during 2024. The total origination value was $297,935,000, with an average VA loan value of
$348,462.
Hagerstown VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Hagerstown
averaged
0.35%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
Hagerstown's average VA mortgage closing costs are $6,570.
The average rate for the prior week (2025-06-13) was
6.59% and
one month ago for the week of 2025-05-16, the
average rate was 6.85%.
The average rate one year ago was 6.95%.
For refis of the same type during the week of 2025-06-20, the average rate
was 0.28%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Hagerstown 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 Hagerstown level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
Mortgage Research Center, LLC
|
124
|
6.43%
|
$6,826
|
UNITED WHOLESALE MORTGAGE, LLC
|
52
|
5.85%
|
$8,185
|
QUICKEN LOANS, LLC
|
49
|
6.17%
|
$11,959
|
Integrity Home Mortgage Corp
|
45
|
6.39%
|
$8,686
|
NVR Mortgage Finance, Inc.
|
41
|
6.46%
|
$4,359
|
FREEDOM MORTGAGE CORPORATION
|
40
|
6.21%
|
$7,486
|
NAVY FEDERAL CREDIT UNION
|
38
|
5.96%
|
$6,725
|
PENNYMAC LOAN SERVICES, LLC
|
32
|
5.73%
|
$7,332
|
HOMESPIRE MORTGAGE CORPORATION
|
30
|
6.26%
|
$9,729
|
VILLAGE CAPITAL MORTGAGE
|
19
|
5.66%
|
$6,732
|
LOANDEPOT.COM, LLC
|
19
|
5.98%
|
$8,579
|
DHI MORTGAGE COMPANY, LTD.
|
16
|
5.43%
|
$10,789
|
MOVEMENT MORTGAGE, LLC
|
14
|
5.92%
|
$7,463
|
NEWREZ LLC
|
12
|
6.09%
|
$8,496
|
USAA Federal Savings Bank
|
11
|
6.16%
|
$9,976
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
11
|
5.88%
|
$6,018
|
The Federal Savings Bank
|
10
|
6.13%
|
$18,371
|
Atlantic Coast Mortgage, LLC
|
9
|
6.21%
|
$12,698
|
CROSSCOUNTRY MORTGAGE, LLC
|
9
|
6.37%
|
$9,738
|
Sierra Pacific Mortgage Company, Inc.
|
8
|
6.30%
|
$9,884
|
PLANET HOME LENDING, LLC
|
7
|
6.05%
|
$6,644
|
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C.
|
6
|
6.25%
|
$3,926
|
Prosperity Home Mortgage, LLC
|
6
|
6.02%
|
$6,352
|
EMBRACE HOME LOANS, INC.
|
6
|
6.56%
|
$8,351
|
MICHIGAN MUTUAL, INC.
|
6
|
5.83%
|
$6,139
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
6
|
6.29%
|
$3,921
|
CMG MORTGAGE, INC.
|
5
|
6.00%
|
$13,415
|
DIRECT MORTGAGE LOANS, LLC
|
5
|
6.68%
|
$8,139
|
UNION HOME MORTGAGE CORP.
|
5
|
5.93%
|
$9,538
|
First Federal Bank
|
5
|
5.88%
|
$8,209
|
GSF Mortgage Corporation
|
4
|
5.65%
|
$9,925
|
GUARANTEED RATE, INC.
|
4
|
6.45%
|
$6,610
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
4
|
6.41%
|
$8,104
|
BROKER SOLUTIONS, INC.
|
4
|
6.65%
|
$9,384
|
HOMEAMERICAN MORTGAGE CORPORATION
|
4
|
5.53%
|
$9,734
|
Towne Bank
|
4
|
5.81%
|
$13,250
|
NBKC BANK
|
4
|
5.78%
|
$6,740
|
Magnolia Bank
|
4
|
5.63%
|
$15,536
|
Barrington Bank & Trust Company, N.A.
|
3
|
6.25%
|
$4,874
|
AMERICAN FINANCIAL RESOURCES, INC.
|
3
|
6.50%
|
$8,776
|
AMERISAVE MORTGAGE CORPORATION
|
3
|
5.83%
|
$18,526
|
Armed Forces Bank
|
3
|
5.96%
|
$13,717
|
Atlantic Union Bank
|
3
|
6.50%
|
$12,373
|
Carrington Mortgage Services, LLC
|
3
|
5.75%
|
$17,446
|
ENVOY MORTGAGE, LTD
|
3
|
6.79%
|
$6,499
|
EVERETT FINANCIAL, INC.
|
3
|
6.33%
|
$7,043
|
First Heritage Mortgage, LLC
|
3
|
6.08%
|
$9,908
|
FIRST HOME MORTGAGE CORPORATION
|
3
|
6.46%
|
$5,818
|
Fulton Bank
|
3
|
5.75%
|
$11,980
|
GUARANTEED RATE AFFINITY, LLC
|
3
|
6.04%
|
$4,178
|
GUILD MORTGAGE COMPANY
|
3
|
5.79%
|
$9,853
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
3
|
6.41%
|
$1,697
|
LAKEVIEW LOAN SERVICING, LLC
|
3
|
5.75%
|
$6,038
|
Mr. Cooper ( Nationstar Mortgage )
|
3
|
6.08%
|
$5,377
|
Nations Lending Corporation
|
3
|
5.71%
|
$12,264
|
NEW DAY FINANCIAL, LLC
|
3
|
7.32%
|
$9,547
|
Paramount Residential Mortgage Group, Inc.
|
3
|
6.04%
|
$9,091
|
PENTAGON FEDERAL CREDIT UNION
|
3
|
5.58%
|
$12,201
|
Texana Bank
|
3
|
6.04%
|
$12,877
|
U.S. Bank
|
3
|
5.50%
|
$15,637
|
NFM, INC.
|
2
|
6.38%
|
$11,289
|
SWBC MORTGAGE CORPORATION
|
2
|
6.44%
|
$9,972
|
United Bank
|
2
|
6.06%
|
$10,422
|
EAGLE HOME MORTGAGE, LLC
|
2
|
6.13%
|
$8,776
|
POLARIS HOME FUNDING CORP.
|
2
|
6.94%
|
$13,875
|
Presidential Bank, FSB
|
2
|
5.75%
|
$9,536
|
FIDELITY DIRECT MORTGAGE, LLC
|
2
|
6.44%
|
$9,419
|
BAYSHORE MORTGAGE FUNDING, LLC
|
2
|
5.88%
|
$8,229
|
Truist
|
2
|
6.68%
|
$10,465
|
INTERCOASTAL MORTGAGE COMPANY
|
2
|
6.50%
|
$4,291
|
BAY CAPITAL MORTGAGE CORPORATION
|
2
|
6.19%
|
$11,068
|
Wells Fargo Bank
|
2
|
6.19%
|
$10,212
|
Homesale Mortgage, LLC
|
2
|
6.75%
|
$4,842
|
Capital Bank
|
2
|
5.50%
|
$4,737
|
Shore United Bank
|
2
|
6.25%
|
$12,341
|
AmeriHome Mortgage Company, LLC
|
2
|
6.06%
|
$5,972
|
Plains Commerce Bank
|
2
|
6.38%
|
$11,839
|
South State Bank
|
1
|
5.75%
|
$20,817
|
SUN WEST MORTGAGE COMPANY, INC.
|
1
|
5.86%
|
$1,333
|
T2 FINANCIAL LLC
|
1
|
7.25%
|
$9,764
|
Waterstone Mortgage Corporation
|
1
|
6.25%
|
$19,829
|
BancorpSouth
|
1
|
5.75%
|
$12,068
|
The Loan Store, Inc.
|
1
|
4.99%
|
$5,495
|
TOTAL MORTGAGE SERVICES, LLC
|
1
|
5.25%
|
$16,375
|
ATLANTIC BAY MORTGAGE GROUP, L.L.C.
|
1
|
7.25%
|
$12,210
|
Hometown Equity Mortgage, LLC
|
1
|
6.38%
|
$16,858
|
Ameris Bank
|
1
|
6.13%
|
$9,149
|
Home Mortgage Alliance Corp
|
1
|
7.13%
|
$2,973
|
Meridian Bank Corporation
|
1
|
6.50%
|
$11,419
|
HARTFORD FUNDING, LTD.
|
1
|
6.25%
|
$22,157
|
MORIA DEVELOPMENT, INC.
|
1
|
7.25%
|
$11,964
|
MILLENNIUM FINANCIAL GROUP, INC.
|
1
|
6.75%
|
$27,922
|
FIRST COMMUNITY MORTGAGE, INC.
|
1
|
5.88%
|
$5,357
|
M&T Bank
|
1
|
5.88%
|
$12,104
|
Equity Prime Mortgage LLC
|
1
|
7.63%
|
$0
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
1
|
6.75%
|
$10,630
|
Century Mortgage Company DBA Century Lending Company
|
1
|
6.63%
|
$6,471
|
CARDINAL FINANCIAL
|
1
|
5.50%
|
$15,745
|
OCMBC, INC.
|
1
|
6.25%
|
$12,276
|
OPEN MORTGAGE, LLC
|
1
|
6.25%
|
$6,764
|
ALLIED MORTGAGE GROUP, INC.
|
1
|
5.75%
|
$9,592
|
CALCON MUTUAL MORTGAGE LLC
|
1
|
6.00%
|
$3,771
|
PLAZA HOME MORTGAGE, INC.
|
1
|
7.25%
|
$14,541
|
PNC Bank
|
1
|
7.00%
|
$10,473
|
BETTER MORTGAGE CORPORATION
|
1
|
6.50%
|
$3,372
|
Renasant Bank
|
1
|
6.75%
|
$10,654
|
Service Federal Credit Union
|
1
|
6.50%
|
$4,282
|
Alcova Mortgage LLC
|
1
|
7.25%
|
$887
|
The top Hagerstown VA lender as defined by loan originations is Mortgage Research Center, LLC, with
124 VA loans originated. Their average total fees are
$6,826, which is $1,359
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Hagerstown VA lenders (with over 10 loans originated) are
NVR Mortgage Finance, Inc. ($4,359), PRIMELENDING, A PLAINSCAPITAL COMPANY ($6,018), NAVY FEDERAL CREDIT UNION ($6,725), VILLAGE CAPITAL MORTGAGE ($6,732) and Mortgage Research Center, LLC ($6,826).
The lowest rate Hagerstown VA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.43%), VILLAGE CAPITAL MORTGAGE (5.66%), PENNYMAC LOAN SERVICES, LLC (5.73%), UNITED WHOLESALE MORTGAGE, LLC (5.85%) and PRIMELENDING, A PLAINSCAPITAL COMPANY (5.88%).
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.