Harrisburg VA Loan Rates, Closing Costs & Stats
HARRISBURG-CARLISLE, 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.
Harrisburg's 115 lenders originated 835 VA loans during 2022. The total origination value was $238,025,000, with an average VA loan value of $285,060.
Harrisburg VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Harrisburg
averaged
6.5%
for the week of 2023-05-26, compared to the national average (all VA variants) of
6.408% for the same period.
Harrisburg's average VA mortgage closing costs are $6,321.
The average rate for the prior week (2023-05-19) was
6.22% and
one month ago for the week of 2023-04-21, the
average rate was 5.84%.
The average rate one year ago was 4.81%.
For refis of the same type during the week of 2023-05-26, the average rate
was 4.84%.
Harrisburg 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 Harrisburg level.
The top Harrisburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with
122 VA loans originated. Their average total fees are
$7,335, which is $3,227
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Harrisburg VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION ($6,930), Mortgage Research Center, LLC ($7,335), USAA Federal Savings Bank ($7,520), GUARANTEED RATE AFFINITY, LLC ($7,569) and PENNYMAC LOAN SERVICES, LLC ($8,925).
The lowest rate Harrisburg VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (3.26%), TIDEWATER MORTGAGE SERVICES, INC. (3.97%), QUICKEN LOANS, LLC (4.09%), USAA Federal Savings Bank (4.22%) and UNITED WHOLESALE MORTGAGE, LLC (4.23%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Harrisburg (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 | $197,325 (10.3%) | $241,407 (6.0%) | 0.73 | 1,752 |
| 2018-02-01 | $201,950 (13.6%) | $244,958 (6.4%) | 0.73 | 1,668 |
| 2018-03-01 | $210,000 (13.6%) | $254,267 (8.1%) | 0.74 | 1,634 |
| 2018-04-01 | $208,500 (9.7%) | $256,570 (6.0%) | 0.71 | 1,660 |
| 2018-05-01 | $224,400 (12.2%) | $265,594 (6.6%) | 0.75 | 1,748 |
| 2018-06-01 | $219,900 (10.0%) | $261,613 (4.6%) | 0.73 | 1,876 |
| 2018-07-01 | $216,546 (11.1%) | $260,414 (5.0%) | 0.72 | 1,916 |
| 2018-08-01 | $219,900 (12.8%) | $258,848 (5.5%) | 0.74 | 1,963 |
| 2018-09-01 | $219,925 (15.8%) | $260,591 (9.0%) | 0.74 | 1,907 |
| 2018-10-01 | $217,133 (14.7%) | $260,543 (10.4%) | 0.74 | 1,890 |
| 2018-11-01 | $214,450 (15.6%) | $258,462 (10.6%) | 0.73 | 1,802 |
| 2018-12-01 | $219,083 (16.3%) | $256,994 (9.6%) | 0.76 | 1,616 |
| 2019-01-01 | $219,375 (11.2%) | $256,320 (6.2%) | 0.76 | 1,450 |
| 2019-02-01 | $219,950 (8.9%) | $255,758 (4.4%) | 0.74 | 1,363 |
| 2019-03-01 | $219,900 (4.7%) | $261,167 (2.7%) | 0.73 | 1,345 |
| 2019-04-01 | $219,950 (5.5%) | $268,597 (4.7%) | 0.70 | 1,409 |
| 2019-05-01 | $222,400 (-0.9%) | $267,875 (0.9%) | 0.70 | 1,499 |
| 2019-06-01 | $228,750 (4.0%) | $270,088 (3.2%) | 0.71 | 1,531 |
| 2019-07-01 | $233,325 (7.8%) | $276,352 (6.1%) | 0.73 | 1,556 |
| 2019-08-01 | $235,000 (6.9%) | $284,427 (9.9%) | 0.74 | 1,601 |
| 2019-09-01 | $249,945 (13.7%) | $303,146 (16.3%) | 0.79 | 1,310 |
| 2019-10-01 | $239,900 (10.5%) | $289,917 (11.3%) | 0.77 | 1,422 |
| 2019-11-01 | $234,900 (9.5%) | $285,176 (10.3%) | 0.77 | 1,406 |
| 2019-12-01 | $236,957 (8.2%) | $287,632 (11.9%) | 0.79 | 1,237 |
| 2020-01-01 | $239,900 (9.4%) | $291,108 (13.6%) | 0.80 | 1,064 |
| 2020-02-01 | $240,000 (9.1%) | $294,808 (15.3%) | 0.79 | 945 |
| 2020-03-01 | $249,968 (13.7%) | $302,285 (15.7%) | 0.78 | 907 |
| 2020-04-01 | $250,850 (14.1%) | $304,850 (13.5%) | 0.79 | 830 |
| 2020-05-01 | $254,100 (14.3%) | $304,844 (13.8%) | 0.77 | 892 |
| 2020-06-01 | $257,150 (12.4%) | $304,934 (12.9%) | 0.76 | 916 |
| 2020-07-01 | $261,200 (12.0%) | $313,329 (13.4%) | 0.76 | 793 |
| 2020-08-01 | $259,900 (10.6%) | $318,057 (11.8%) | 0.74 | 746 |
| 2020-09-01 | $256,875 (2.8%) | $321,630 (6.1%) | 0.74 | 725 |
| 2020-10-01 | $261,400 (9.0%) | $325,379 (12.2%) | 0.75 | 661 |
| 2020-11-01 | $257,550 (9.6%) | $321,425 (12.7%) | 0.75 | 620 |
| 2020-12-01 | $253,050 (6.8%) | $313,620 (9.0%) | 0.75 | 603 |
| 2021-01-01 | $259,900 (8.3%) | $320,332 (10.0%) | 0.78 | 525 |
| 2021-02-01 | $267,200 (11.3%) | $323,099 (9.6%) | 0.78 | 443 |
| 2021-03-01 | $278,925 (11.6%) | $333,592 (10.4%) | 0.79 | 446 |
| 2021-04-01 | $274,225 (9.3%) | $341,945 (12.2%) | 0.74 | 444 |
| 2021-05-01 | $276,950 (9.0%) | $341,246 (11.9%) | 0.74 | 495 |
| 2021-06-01 | $239,950 (-6.7%) | $312,492 (2.5%) | 0.63 | 633 |
| 2021-07-01 | $239,900 (-8.2%) | $304,350 (-2.9%) | 0.63 | 663 |
| 2021-08-01 | $239,950 (-7.7%) | $308,494 (-3.0%) | 0.64 | 684 |
| 2021-09-01 | $239,925 (-6.6%) | $300,670 (-6.5%) | 0.64 | 668 |
| 2021-10-01 | $249,900 (-4.4%) | $318,190 (-2.2%) | 0.67 | 654 |
| 2021-11-01 | $249,900 (-3.0%) | $327,079 (1.8%) | 0.67 | 610 |
| 2021-12-01 | $247,350 (-2.3%) | $316,953 (1.1%) | 0.67 | 535 |
| 2022-01-01 | $234,000 (-10.0%) | $311,314 (-2.8%) | 0.63 | 470 |
| 2022-02-01 | $261,826 (-2.0%) | $336,024 (4.0%) | 0.68 | 414 |
| 2022-03-01 | $262,450 (-5.9%) | $337,759 (1.3%) | 0.66 | 434 |
| 2022-04-01 | $289,900 (5.7%) | $343,406 (0.4%) | 0.69 | 492 |
| 2022-05-01 | $277,445 (0.2%) | $343,371 (0.6%) | 0.63 | 565 |
| 2022-06-01 | $291,378 (21.4%) | $354,860 (13.6%) | 0.65 | 641 |
| 2022-07-01 | $295,000 (23.0%) | $363,585 (19.5%) | 0.67 | 678 |
| 2022-08-01 | $312,175 (30.1%) | $366,793 (18.9%) | 0.72 | 682 |
| 2022-09-01 | $297,273 (23.9%) | $361,348 (20.2%) | 0.70 | 703 |
| 2022-10-01 | $309,000 (23.7%) | $364,059 (14.4%) | 0.73 | 723 |
| 2022-11-01 | $306,973 (22.8%) | $366,095 (11.9%) | 0.74 | 706 |
| 2022-12-01 | $300,000 (21.3%) | $363,003 (14.5%) | 0.74 | 632 |
| 2023-01-01 | $319,973 (36.7%) | $379,632 (22.0%) | 0.79 | 538 |
| 2023-02-01 | $322,400 (23.1%) | $388,519 (15.6%) | 0.78 | 518 |
| 2023-03-01 | $344,900 (31.4%) | $404,781 (19.8%) | 0.81 | 506 |
| 2023-04-01 | $319,990 (10.4%) | $389,079 (13.3%) | 0.74 | 473 |
Harrisburg's median listing price comes in at 74% of the national average.
Harrisburg's average listing price for 2023-04-01 was $389,079, a difference of $45,673 (13.3%) versus the prior year and $-15,702 versus the prior month.
For the 2023-04-01 period, Harrisburg had 473 MLS listings, a difference of -33 listings (-7%) versus the prior month and -19 listings (-4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Harrisburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 101 days | 1,800 sqft |
| 2018-02-01 | 100 days | 1,814 sqft |
| 2018-03-01 | 82 days | 1,846 sqft |
| 2018-04-01 | 69 days | 1,832 sqft |
| 2018-05-01 | 61 days | 1,850 sqft |
| 2018-06-01 | 59 days | 1,970 sqft |
| 2018-07-01 | 65 days | 1,954 sqft |
| 2018-08-01 | 67 days | 1,950 sqft |
| 2018-09-01 | 71 days | 1,966 sqft |
| 2018-10-01 | 73 days | 1,941 sqft |
| 2018-11-01 | 78 days | 1,920 sqft |
| 2018-12-01 | 88 days | 1,919 sqft |
| 2019-01-01 | 98 days | 1,907 sqft |
| 2019-02-01 | 97 days | 1,900 sqft |
| 2019-03-01 | 57 days | 1,906 sqft |
| 2019-04-01 | 45 days | 1,937 sqft |
| 2019-05-01 | 45 days | 2,018 sqft |
| 2019-06-01 | 51 days | 2,029 sqft |
| 2019-07-01 | 58 days | 2,075 sqft |
| 2019-08-01 | 72 days | 2,112 sqft |
| 2019-09-01 | 77 days | 2,153 sqft |
| 2019-10-01 | 61 days | 2,118 sqft |
| 2019-11-01 | 65 days | 2,105 sqft |
| 2019-12-01 | 78 days | 2,100 sqft |
| 2020-01-01 | 89 days | 2,095 sqft |
| 2020-02-01 | 82 days | 2,100 sqft |
| 2020-03-01 | 55 days | 2,133 sqft |
| 2020-04-01 | 70 days | 2,102 sqft |
| 2020-05-01 | 72 days | 2,132 sqft |
| 2020-06-01 | 43 days | 2,118 sqft |
| 2020-07-01 | 40 days | 2,111 sqft |
| 2020-08-01 | 36 days | 2,117 sqft |
| 2020-09-01 | 40 days | 2,079 sqft |
| 2020-10-01 | 53 days | 2,084 sqft |
| 2020-11-01 | 55 days | 2,067 sqft |
| 2020-12-01 | 58 days | 2,057 sqft |
| 2021-01-01 | 69 days | 2,062 sqft |
| 2021-02-01 | 64 days | 2,071 sqft |
| 2021-03-01 | 50 days | 2,059 sqft |
| 2021-04-01 | 43 days | 2,018 sqft |
| 2021-05-01 | 38 days | 1,964 sqft |
| 2021-06-01 | 36 days | 1,850 sqft |
| 2021-07-01 | 38 days | 1,879 sqft |
| 2021-08-01 | 40 days | 1,863 sqft |
| 2021-09-01 | 46 days | 1,853 sqft |
| 2021-10-01 | 46 days | 1,816 sqft |
| 2021-11-01 | 47 days | 1,829 sqft |
| 2021-12-01 | 56 days | 1,822 sqft |
| 2022-01-01 | 58 days | 1,829 sqft |
| 2022-02-01 | 50 days | 1,873 sqft |
| 2022-03-01 | 36 days | 1,854 sqft |
| 2022-04-01 | 36 days | 1,888 sqft |
| 2022-05-01 | 37 days | 1,882 sqft |
| 2022-06-01 | 37 days | 1,917 sqft |
| 2022-07-01 | 41 days | 1,935 sqft |
| 2022-08-01 | 43 days | 1,951 sqft |
| 2022-09-01 | 45 days | 1,937 sqft |
| 2022-10-01 | 46 days | 1,947 sqft |
| 2022-11-01 | 50 days | 1,953 sqft |
| 2022-12-01 | 59 days | 1,949 sqft |
| 2023-01-01 | 74 days | 1,987 sqft |
| 2023-02-01 | 65 days | 1,933 sqft |
| 2023-03-01 | 49 days | 2,007 sqft |
| 2023-04-01 | 39 days | 2,013 sqft |
Harrisburg's median square footage for active listings during the 2023-04-01 period was 2,013 sqft. One year prior, the average listing was 1,888 sqft.