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.