Hagerstown VA Loan Rates, Closing Costs & Stats

HAGERSTOWN-MARTINSBURG, MD-WV

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.21% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Hagerstown's average VA mortgage closing costs are $6,570.

    The average rate for the prior week (2025-03-28) was 6.63% and one month ago for the week of 2025-02-28, the average rate was 6.7%.

    The average rate one year ago was 6.71%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.14%.

    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hagerstown (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 $204,945 (7.8%) $226,983 (3.8%) 0.76 1,192
    2018-02-01 $209,990 (8.8%) $232,026 (5.7%) 0.76 1,192
    2018-03-01 $219,000 (10.4%) $239,467 (6.5%) 0.77 1,203
    2018-04-01 $219,900 (10.0%) $239,688 (5.7%) 0.75 1,299
    2018-05-01 $224,900 (8.4%) $246,223 (6.3%) 0.75 1,404
    2018-06-01 $225,000 (7.2%) $249,256 (6.1%) 0.75 1,492
    2018-07-01 $229,900 (10.0%) $250,818 (5.9%) 0.77 1,497
    2018-08-01 $229,450 (10.2%) $250,555 (5.5%) 0.77 1,527
    2018-09-01 $229,000 (9.1%) $251,491 (6.3%) 0.77 1,472
    2018-10-01 $229,900 (9.5%) $249,718 (7.0%) 0.78 1,464
    2018-11-01 $229,900 (10.7%) $251,864 (8.8%) 0.78 1,469
    2018-12-01 $229,900 (15.0%) $250,230 (11.5%) 0.79 1,358
    2019-01-01 $229,900 (12.2%) $251,455 (10.8%) 0.79 1,265
    2019-02-01 $229,998 (9.5%) $256,171 (10.4%) 0.78 1,258
    2019-03-01 $234,190 (6.9%) $259,209 (8.2%) 0.77 1,273
    2019-04-01 $234,675 (6.7%) $261,254 (9.0%) 0.75 1,337
    2019-05-01 $235,000 (4.5%) $262,371 (6.6%) 0.73 1,404
    2019-06-01 $237,945 (5.8%) $265,083 (6.4%) 0.74 1,448
    2019-07-01 $229,973 (0.0%) $262,903 (4.8%) 0.72 1,489
    2019-08-01 $232,660 (1.4%) $264,465 (5.6%) 0.74 1,476
    2019-09-01 $236,733 (3.4%) $267,082 (6.2%) 0.76 1,453
    2019-10-01 $239,448 (4.2%) $268,540 (7.5%) 0.77 1,427
    2019-11-01 $239,900 (4.4%) $268,499 (6.6%) 0.79 1,318
    2019-12-01 $239,900 (4.4%) $272,387 (8.9%) 0.80 1,130
    2020-01-01 $236,223 (2.8%) $270,114 (7.4%) 0.79 1,008
    2020-02-01 $243,200 (5.7%) $276,485 (7.9%) 0.80 962
    2020-03-01 $244,900 (4.6%) $279,445 (7.8%) 0.77 958
    2020-04-01 $246,323 (5.0%) $279,934 (7.2%) 0.77 936
    2020-05-01 $249,000 (6.0%) $285,755 (8.9%) 0.76 847
    2020-06-01 $247,150 (3.9%) $284,757 (7.4%) 0.73 741
    2020-07-01 $249,998 (8.7%) $286,900 (9.1%) 0.72 655
    2020-08-01 $257,990 (10.9%) $292,353 (10.6%) 0.74 586
    2020-09-01 $259,673 (9.7%) $293,716 (10.0%) 0.74 561
    2020-10-01 $253,990 (6.1%) $288,360 (7.4%) 0.73 539
    2020-11-01 $254,723 (6.2%) $289,351 (7.8%) 0.74 496
    2020-12-01 $259,445 (8.2%) $287,144 (5.4%) 0.77 459
    2021-01-01 $268,900 (13.8%) $291,571 (7.9%) 0.80 409
    2021-02-01 $261,968 (7.7%) $293,912 (6.3%) 0.76 302
    2021-03-01 $263,498 (7.6%) $295,773 (5.8%) 0.75 302
    2021-04-01 $274,325 (11.4%) $309,744 (10.7%) 0.74 285
    2021-05-01 $275,000 (10.4%) $325,943 (14.1%) 0.73 298
    2021-06-01 $268,650 (8.7%) $323,605 (13.6%) 0.71 371
    2021-07-01 $279,000 (11.6%) $325,026 (13.3%) 0.74 448
    2021-08-01 $282,500 (9.5%) $340,429 (16.4%) 0.75 478
    2021-09-01 $282,450 (8.8%) $335,489 (14.2%) 0.75 454
    2021-10-01 $280,000 (10.2%) $329,183 (14.2%) 0.75 452
    2021-11-01 $294,410 (15.6%) $334,889 (15.7%) 0.79 473
    2021-12-01 $291,248 (12.3%) $322,913 (12.5%) 0.79 431
    2022-01-01 $303,990 (13.1%) $333,484 (14.4%) 0.82 362
    2022-02-01 $310,000 (18.3%) $338,389 (15.1%) 0.81 312
    2022-03-01 $320,245 (21.5%) $350,561 (18.5%) 0.80 315
    2022-04-01 $323,490 (17.9%) $360,981 (16.5%) 0.77 354
    2022-05-01 $323,445 (17.6%) $361,648 (11.0%) 0.74 455
    2022-06-01 $323,745 (20.5%) $368,743 (14.0%) 0.72 532
    2022-07-01 $315,490 (13.1%) $361,720 (11.3%) 0.71 632
    2022-08-01 $320,945 (13.6%) $358,125 (5.2%) 0.74 654
    2022-09-01 $322,000 (14.0%) $363,479 (8.3%) 0.75 664
    2022-10-01 $316,990 (13.2%) $360,426 (9.5%) 0.75 727
    2022-11-01 $315,000 (7.0%) $352,903 (5.4%) 0.76 707
    2022-12-01 $313,990 (7.8%) $353,686 (9.5%) 0.78 678
    2023-01-01 $324,950 (6.9%) $363,500 (9.0%) 0.80 573
    2023-02-01 $326,974 (5.5%) $376,344 (11.2%) 0.79 528
    2023-03-01 $324,973 (1.5%) $380,845 (8.6%) 0.77 532
    2023-04-01 $329,900 (2.0%) $388,533 (7.6%) 0.77 522
    2023-05-01 $336,328 (4.0%) $398,237 (10.1%) 0.76 561
    2023-06-01 $341,495 (5.5%) $401,953 (9.0%) 0.77 562
    2023-07-01 $332,490 (5.4%) $396,278 (9.6%) 0.76 549
    2023-08-01 $330,775 (3.1%) $391,416 (9.3%) 0.76 550
    2023-09-01 $337,965 (5.0%) $408,837 (12.5%) 0.79 563
    2023-10-01 $338,990 (6.9%) $409,980 (13.8%) 0.80 629
    2023-11-01 $335,990 (6.7%) $412,867 (17.0%) 0.80 625
    2023-12-01 $345,000 (9.9%) $412,476 (16.6%) 0.84 581
    2024-01-01 $338,468 (4.2%) $417,600 (14.9%) 0.83 524
    2024-02-01 $343,740 (5.1%) $422,780 (12.3%) 0.83 473
    2024-03-01 $344,945 (6.2%) $420,193 (10.3%) 0.81 468
    2024-04-01 $344,995 (4.6%) $410,664 (5.7%) 0.80 513
    2024-05-01 $350,000 (4.1%) $409,112 (2.7%) 0.80 555
    2024-06-01 $350,000 (2.5%) $407,153 (1.3%) 0.80 625
    2024-07-01 $349,995 (5.3%) $402,816 (1.7%) 0.80 625
    2024-08-01 $339,900 (2.8%) $389,458 (-0.5%) 0.79 630
    2024-09-01 $346,888 (2.6%) $393,398 (-3.8%) 0.82 679
    2024-10-01 $343,251 (1.3%) $387,031 (-5.6%) 0.81 748
    2024-11-01 $345,000 (2.7%) $390,306 (-5.5%) 0.83 756
    2024-12-01 $347,490 (0.7%) $393,929 (-4.5%) 0.86 723
    2025-01-01 $344,998 (1.9%) $389,488 (-6.7%) 0.86 695
    2025-02-01 $348,445 (1.4%) $389,538 (-7.9%) 0.85 668
    2025-03-01 $354,900 (2.9%) $397,828 (-5.3%) 0.00 633
    Hagerstown's median listing price for 2025-03-01 was $354,900, a difference of $9,955 (2.9%) versus the prior year and $6,455 versus the prior month.

    Hagerstown's median listing price comes in at 0% of the national average.

    Hagerstown's average listing price for 2025-03-01 was $397,828, a difference of $-22,365 (-5.3%) versus the prior year and $8,290 versus the prior month.

    For the 2025-03-01 period, Hagerstown had 633 MLS listings, a difference of -35 listings (-5%) versus the prior month and 165 listings (35%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hagerstown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 90 days 1,739 sqft
    2018-02-01 83 days 1,785 sqft
    2018-03-01 63 days 1,794 sqft
    2018-04-01 57 days 1,785 sqft
    2018-05-01 50 days 1,791 sqft
    2018-06-01 52 days 1,892 sqft
    2018-07-01 65 days 1,917 sqft
    2018-08-01 69 days 1,886 sqft
    2018-09-01 71 days 1,900 sqft
    2018-10-01 75 days 1,923 sqft
    2018-11-01 73 days 1,926 sqft
    2018-12-01 82 days 1,901 sqft
    2019-01-01 87 days 1,899 sqft
    2019-02-01 88 days 1,910 sqft
    2019-03-01 72 days 1,930 sqft
    2019-04-01 53 days 1,926 sqft
    2019-05-01 53 days 1,919 sqft
    2019-06-01 59 days 1,928 sqft
    2019-07-01 56 days 1,909 sqft
    2019-08-01 58 days 1,902 sqft
    2019-09-01 63 days 1,905 sqft
    2019-10-01 67 days 1,903 sqft
    2019-11-01 73 days 1,906 sqft
    2019-12-01 93 days 1,923 sqft
    2020-01-01 89 days 1,896 sqft
    2020-02-01 64 days 1,898 sqft
    2020-03-01 50 days 1,905 sqft
    2020-04-01 59 days 1,915 sqft
    2020-05-01 68 days 1,948 sqft
    2020-06-01 66 days 1,954 sqft
    2020-07-01 55 days 1,938 sqft
    2020-08-01 51 days 2,011 sqft
    2020-09-01 52 days 1,995 sqft
    2020-10-01 56 days 1,920 sqft
    2020-11-01 52 days 1,888 sqft
    2020-12-01 58 days 1,848 sqft
    2021-01-01 50 days 1,827 sqft
    2021-02-01 44 days 1,854 sqft
    2021-03-01 46 days 1,802 sqft
    2021-04-01 33 days 1,829 sqft
    2021-05-01 33 days 1,893 sqft
    2021-06-01 33 days 1,808 sqft
    2021-07-01 33 days 1,844 sqft
    2021-08-01 34 days 1,817 sqft
    2021-09-01 40 days 1,829 sqft
    2021-10-01 45 days 1,820 sqft
    2021-11-01 39 days 1,855 sqft
    2021-12-01 46 days 1,830 sqft
    2022-01-01 50 days 1,860 sqft
    2022-02-01 41 days 1,802 sqft
    2022-03-01 35 days 1,850 sqft
    2022-04-01 28 days 1,899 sqft
    2022-05-01 29 days 1,899 sqft
    2022-06-01 30 days 1,915 sqft
    2022-07-01 37 days 1,925 sqft
    2022-08-01 41 days 1,921 sqft
    2022-09-01 45 days 1,906 sqft
    2022-10-01 49 days 1,888 sqft
    2022-11-01 51 days 1,870 sqft
    2022-12-01 57 days 1,859 sqft
    2023-01-01 58 days 1,860 sqft
    2023-02-01 46 days 1,863 sqft
    2023-03-01 39 days 1,839 sqft
    2023-04-01 38 days 1,874 sqft
    2023-05-01 30 days 1,828 sqft
    2023-06-01 36 days 1,863 sqft
    2023-07-01 38 days 1,840 sqft
    2023-08-01 37 days 1,813 sqft
    2023-09-01 38 days 1,883 sqft
    2023-10-01 36 days 1,908 sqft
    2023-11-01 42 days 1,835 sqft
    2023-12-01 52 days 1,863 sqft
    2024-01-01 52 days 1,830 sqft
    2024-02-01 39 days 1,784 sqft
    2024-03-01 40 days 1,794 sqft
    2024-04-01 28 days 1,805 sqft
    2024-05-01 29 days 1,870 sqft
    2024-06-01 36 days 1,875 sqft
    2024-07-01 43 days 1,897 sqft
    2024-08-01 45 days 1,849 sqft
    2024-09-01 40 days 1,829 sqft
    2024-10-01 39 days 1,789 sqft
    2024-11-01 44 days 1,800 sqft
    2024-12-01 54 days 1,860 sqft
    2025-01-01 55 days 1,819 sqft
    2025-02-01 46 days 1,843 sqft
    2025-03-01 0 days 1,846 sqft
    Hagerstown's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Hagerstown's median square footage for active listings during the 2025-03-01 period was 1,846 sqft. One year prior, the average listing was 1,794 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.