Harrisburg VA Loans
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 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 133 lenders originated 2,055 VA loans during 2021. The total origination value was $518,205,000, with an average VA loan value of $252,168.
Harrisburg VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Harrisburg
averaged
5.57%
for the week of 2022-05-20, compared to the national average (all VA variants) of
5.143% for the same period.
The average rate for the prior week (2022-05-13) was
5.58% and
one month ago for the week of 2022-04-15, the
average rate was 5.14%.
The average rate one year ago was 3.03%.
For refis of the same type during the week of 2022-05-20, the average rate
was 5.14%.
Harrisburg VA Loan Lenders by Rates & Fees
The below table looks at the average fees 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
204 VA loans originated. Their average total fees are
$6,411, which is $1,286
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Harrisburg VA lenders (with over 10 loans originated) are
PENTAGON FEDERAL CREDIT UNION ($2,691), FREEDOM MORTGAGE CORPORATION ($2,876), Low VA Rates, LLC ($3,503), LAKEVIEW LOAN SERVICING, LLC ($3,793) and VILLAGE CAPITAL & INVESTMENT LLC ($3,939).
The lowest rate Harrisburg VA lenders (with over 10 loans originated) are
CLEARPATH LENDING (2.27%), VILLAGE CAPITAL & INVESTMENT LLC (2.28%), PENTAGON FEDERAL CREDIT UNION (2.35%), PENNYMAC LOAN SERVICES, LLC (2.37%) and Low VA Rates, LLC (2.41%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Harrisburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $198,950 (10.6%) | $242,317 (4.8%) | 0.73 | 1,827 |
2018-02-01 | $202,400 (10.1%) | $246,107 (5.3%) | 0.73 | 1,727 |
2018-03-01 | $209,900 (12.3%) | $255,716 (7.2%) | 0.73 | 1,687 |
2018-04-01 | $207,500 (6.5%) | $256,778 (4.1%) | 0.70 | 1,708 |
2018-05-01 | $224,099 (11.2%) | $265,776 (5.7%) | 0.75 | 1,809 |
2018-06-01 | $219,900 (10.0%) | $263,265 (4.1%) | 0.73 | 1,962 |
2018-07-01 | $216,000 (8.5%) | $261,594 (3.9%) | 0.72 | 2,001 |
2018-08-01 | $219,900 (10.3%) | $260,923 (4.0%) | 0.73 | 2,034 |
2018-09-01 | $219,990 (13.5%) | $261,314 (6.1%) | 0.74 | 1,974 |
2018-10-01 | $218,700 (15.1%) | $261,554 (8.0%) | 0.73 | 1,963 |
2018-11-01 | $216,350 (13.9%) | $259,876 (8.6%) | 0.73 | 1,869 |
2018-12-01 | $219,000 (15.0%) | $258,033 (8.4%) | 0.75 | 1,676 |
2019-01-01 | $218,800 (10.0%) | $255,992 (5.6%) | 0.75 | 1,506 |
2019-02-01 | $219,950 (8.7%) | $256,457 (4.2%) | 0.74 | 1,414 |
2019-03-01 | $220,986 (5.3%) | $261,923 (2.4%) | 0.72 | 1,397 |
2019-04-01 | $220,036 (6.0%) | $266,678 (3.9%) | 0.69 | 1,439 |
2019-05-01 | $219,950 (-1.9%) | $266,266 (0.2%) | 0.68 | 1,539 |
2019-06-01 | $225,000 (2.3%) | $269,281 (2.3%) | 0.69 | 1,585 |
2019-07-01 | $230,000 (6.5%) | $274,310 (4.9%) | 0.71 | 1,593 |
2019-08-01 | $234,240 (6.5%) | $279,410 (7.1%) | 0.74 | 1,535 |
2019-09-01 | $236,743 (7.6%) | $287,002 (9.8%) | 0.75 | 1,430 |
2019-10-01 | $236,250 (8.0%) | $285,426 (9.1%) | 0.75 | 1,471 |
2019-11-01 | $234,900 (8.6%) | $281,904 (8.5%) | 0.76 | 1,465 |
2019-12-01 | $236,750 (8.1%) | $284,492 (10.3%) | 0.79 | 1,279 |
2020-01-01 | $238,713 (9.1%) | $285,770 (11.6%) | 0.80 | 1,091 |
2020-02-01 | $239,995 (9.1%) | $290,432 (13.3%) | 0.77 | 965 |
2020-03-01 | $249,900 (13.1%) | $296,623 (13.3%) | 0.78 | 917 |
2020-04-01 | $250,000 (13.6%) | $298,218 (11.8%) | 0.78 | 863 |
2020-05-01 | $250,000 (13.7%) | $299,092 (12.3%) | 0.76 | 923 |
2020-06-01 | $259,650 (15.4%) | $303,225 (12.6%) | 0.76 | 936 |
2020-07-01 | $260,000 (13.0%) | $308,643 (12.5%) | 0.75 | 816 |
2020-08-01 | $255,000 (8.9%) | $313,578 (12.2%) | 0.73 | 770 |
2020-09-01 | $256,450 (8.3%) | $317,915 (10.8%) | 0.73 | 744 |
2020-10-01 | $260,000 (10.1%) | $327,368 (14.7%) | 0.74 | 683 |
2020-11-01 | $262,150 (11.6%) | $323,684 (14.8%) | 0.75 | 637 |
2020-12-01 | $253,800 (7.2%) | $313,704 (10.3%) | 0.74 | 616 |
2021-01-01 | $259,900 (8.9%) | $319,887 (11.9%) | 0.76 | 533 |
2021-02-01 | $264,950 (10.4%) | $323,601 (11.4%) | 0.76 | 443 |
2021-03-01 | $276,945 (10.8%) | $332,128 (12.0%) | 0.78 | 454 |
2021-04-01 | $270,000 (8.0%) | $340,712 (14.3%) | 0.73 | 451 |
2021-05-01 | $269,999 (8.0%) | $340,005 (13.7%) | 0.71 | 500 |
2021-06-01 | $239,900 (-7.6%) | $314,701 (3.8%) | 0.62 | 650 |
2021-07-01 | $241,200 (-7.2%) | $307,916 (-0.2%) | 0.63 | 678 |
2021-08-01 | $239,750 (-6.0%) | $307,649 (-1.9%) | 0.63 | 698 |
2021-09-01 | $239,900 (-6.5%) | $299,603 (-5.8%) | 0.63 | 680 |
2021-10-01 | $249,900 (-3.9%) | $317,703 (-3.0%) | 0.66 | 662 |
2021-11-01 | $249,900 (-4.7%) | $325,540 (0.6%) | 0.66 | 618 |
2021-12-01 | $247,400 (-2.5%) | $314,768 (0.3%) | 0.66 | 536 |
2022-01-01 | $230,000 (-11.5%) | $310,653 (-2.9%) | 0.61 | 469 |
2022-02-01 | $262,450 (-0.9%) | $335,529 (3.7%) | 0.67 | 413 |
2022-03-01 | $264,250 (-4.6%) | $335,143 (0.9%) | 0.65 | 436 |
2022-04-01 | $289,999 (7.4%) | $341,844 (0.3%) | 0.68 | 491 |
Harrisburg's median listing price comes in at 68% of the national average.
Harrisburg's average listing price for 2022-04-01 was $341,844, a difference of $1,132 (0.3%) versus the prior year and $6,701 versus the prior month.
For the 2022-04-01 period, Harrisburg had 491 MLS listings, a difference of 55 listings (13%) versus the prior month and 40 listings (9%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Harrisburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 101 days | 1,800 sqft |
2018-02-01 | 99 days | 1,812 sqft |
2018-03-01 | 81 days | 1,840 sqft |
2018-04-01 | 70 days | 1,831 sqft |
2018-05-01 | 60 days | 1,850 sqft |
2018-06-01 | 58 days | 1,970 sqft |
2018-07-01 | 65 days | 1,950 sqft |
2018-08-01 | 67 days | 1,952 sqft |
2018-09-01 | 71 days | 1,970 sqft |
2018-10-01 | 73 days | 1,945 sqft |
2018-11-01 | 79 days | 1,921 sqft |
2018-12-01 | 88 days | 1,919 sqft |
2019-01-01 | 98 days | 1,907 sqft |
2019-02-01 | 99 days | 1,920 sqft |
2019-03-01 | 57 days | 1,918 sqft |
2019-04-01 | 45 days | 1,931 sqft |
2019-05-01 | 45 days | 2,007 sqft |
2019-06-01 | 51 days | 2,022 sqft |
2019-07-01 | 57 days | 2,061 sqft |
2019-08-01 | 60 days | 2,088 sqft |
2019-09-01 | 58 days | 2,129 sqft |
2019-10-01 | 58 days | 2,110 sqft |
2019-11-01 | 63 days | 2,102 sqft |
2019-12-01 | 75 days | 2,098 sqft |
2020-01-01 | 88 days | 2,094 sqft |
2020-02-01 | 85 days | 2,105 sqft |
2020-03-01 | 54 days | 2,121 sqft |
2020-04-01 | 67 days | 2,100 sqft |
2020-05-01 | 70 days | 2,136 sqft |
2020-06-01 | 39 days | 2,137 sqft |
2020-07-01 | 39 days | 2,121 sqft |
2020-08-01 | 36 days | 2,120 sqft |
2020-09-01 | 39 days | 2,079 sqft |
2020-10-01 | 53 days | 2,083 sqft |
2020-11-01 | 55 days | 2,067 sqft |
2020-12-01 | 59 days | 2,056 sqft |
2021-01-01 | 70 days | 2,057 sqft |
2021-02-01 | 67 days | 2,067 sqft |
2021-03-01 | 51 days | 2,055 sqft |
2021-04-01 | 44 days | 2,020 sqft |
2021-05-01 | 40 days | 1,964 sqft |
2021-06-01 | 38 days | 1,856 sqft |
2021-07-01 | 40 days | 1,898 sqft |
2021-08-01 | 42 days | 1,861 sqft |
2021-09-01 | 47 days | 1,864 sqft |
2021-10-01 | 48 days | 1,831 sqft |
2021-11-01 | 48 days | 1,838 sqft |
2021-12-01 | 57 days | 1,840 sqft |
2022-01-01 | 58 days | 1,844 sqft |
2022-02-01 | 52 days | 1,880 sqft |
2022-03-01 | 37 days | 1,860 sqft |
2022-04-01 | 37 days | 1,904 sqft |
Harrisburg's median square footage for active listings during the 2022-04-01 period was 1,904 sqft. One year prior, the average listing was 2,020 sqft.