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%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 204 2.96% $6,411
QUICKEN LOANS, LLC 182 2.44% $5,125
FREEDOM MORTGAGE CORPORATION 143 2.48% $2,876
PENNYMAC LOAN SERVICES, LLC 83 2.37% $5,869
NEW DAY FINANCIAL, LLC 52 2.90% $8,613
LAKEVIEW LOAN SERVICING, LLC 51 2.61% $3,793
USAA Federal Savings Bank 49 2.86% $3,945
NAVY FEDERAL CREDIT UNION 49 2.51% $6,115
HOME POINT FINANCIAL CORPORATION 48 2.43% $5,781
UNITED WHOLESALE MORTGAGE, LLC 43 2.50% $7,150
Northpointe Bank 42 2.64% $6,638
LOANDEPOT.COM, LLC 36 2.67% $6,998
Citizens Bank 34 2.61% $7,534
CROSSCOUNTRY MORTGAGE, LLC 34 2.86% $7,150
Wells Fargo Bank 29 2.47% $6,792
VILLAGE CAPITAL & INVESTMENT LLC 27 2.28% $3,939
Mr. Cooper ( Nationstar Mortgage ) 24 2.82% $4,896
CLEARPATH LENDING 24 2.27% $5,489
PENTAGON FEDERAL CREDIT UNION 24 2.35% $2,691
HOMEBRIDGE FINANCIAL SERVICES, INC. 23 2.74% $7,390
CALIBER HOME LOANS, INC. 23 2.50% $4,280
EQUITY RESOURCES, INC. 19 2.51% $6,100
TIDEWATER MORTGAGE SERVICES, INC. 19 2.85% $8,020
Foote Capital Mortgage Company 18 2.64% $8,417
UNION HOME MORTGAGE CORP. 17 2.82% $6,846
NEWREZ LLC 17 2.61% $4,011
RESIDENTIAL MORTGAGE SERVICES, INC. 17 2.74% $9,122
Low VA Rates, LLC 16 2.41% $3,503
The Federal Savings Bank 15 2.62% $8,768
MEMBERS 1ST FEDERAL CREDIT UNION 15 2.63% $7,075
NVR Mortgage Finance, Inc. 15 2.77% $9,981
Mid-Continent Funding, Inc. 13 2.81% $8,750
Barrington Bank & Trust Company, N.A. 13 2.72% $4,881
Homesale Mortgage, LLC 12 2.71% $7,710
PLANET HOME LENDING, LLC 10 2.73% $4,206
AMERICAN FINANCIAL NETWORK, INC. 10 2.46% $9,330
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 2.83% $6,931
Meridian Bank Corporation 9 2.56% $6,917
First Guaranty Mortgage Corporation 9 2.28% $5,377
EMM LOANS LLC 8 2.89% $12,631
MOVEMENT MORTGAGE, LLC 8 2.64% $4,829
SUN WEST MORTGAGE COMPANY, INC. 8 2.41% $3,363
InterContinental Capital Group, Inc 8 2.50% $5,255
Magnolia Bank 8 2.33% $7,774
AMERISAVE MORTGAGE CORPORATION 7 2.43% $8,912
Flagstar Bank, FSB 7 2.57% $3,803
ACCELERATE MORTGAGE, LLC 7 2.07% $6,661
GUARANTEED RATE, INC. 7 2.73% $8,790
MCLEAN MORTGAGE CORPORATION 6 2.69% $5,935
NBKC BANK 6 2.40% $12,133
HOMESPIRE MORTGAGE CORPORATION 6 2.85% $7,057
MUTUAL OF OMAHA MORTGAGE, INC. 6 2.71% $5,990
TJC Mortgage, Inc. 5 2.38% $7,505
Mortgage America, Inc. 5 2.68% $4,913
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 2.75% $6,749
SOVEREIGN LENDING GROUP INCORPORATED 5 2.90% $6,709
GUILD MORTGAGE COMPANY 5 2.98% $8,165
Fulton Bank 5 2.85% $7,379
HOWARD HANNA FINANCIAL SERVICES, INC. 4 2.56% $10,665
PLAZA HOME MORTGAGE, INC. 4 2.56% $7,115
Carrington Mortgage Services, LLC 4 2.91% $3,884
BROKER SOLUTIONS, INC. 4 2.50% $4,796
North American Savings Bank, F.S.B. 4 2.81% $10,088
NFM, INC. 4 2.88% $8,631
Mortgage Network, Inc. 4 2.75% $7,433
Integrity Home Mortgage Corp 3 2.75% $7,324
AMERICAN FINANCING CORPORATION 3 2.63% $4,503
BNC National Bank 3 2.38% $3,829
FINANCE OF AMERICA MORTGAGE LLC 3 2.96% $8,935
Nations Lending Corporation 3 3.25% $5,910
NP, Inc. 3 2.29% $5,228
First National Bank of Pennsylvania 3 2.71% $11,737
First Home Bank 3 2.42% $3,426
CONTOUR MORTGAGE CORPORATION 3 2.38% $6,404
EMBRACE HOME LOANS, INC. 3 2.71% $14,762
U.S. Bank 3 2.42% $10,793
AmeriHome Mortgage Company, LLC 3 2.88% $2,722
York Traditions Bank 2 2.94% $6,816
Bank of England 2 2.44% $3,773
CHURCHILL MORTGAGE CORPORATION 2 2.69% $10,603
First Federal Bank 2 4.37% $5,256
GUARANTEED RATE AFFINITY, LLC 2 2.56% $8,845
HOMESIDE FINANCIAL, LLC 2 3.13% $6,979
Keystone Funding, Inc. 2 2.50% $4,097
Lakeview Community Capital, LLC 2 2.38% $4,319
LENDUS, LLC 2 2.81% $5,512
Manufacturers and Traders Trust Company 2 2.50% $8,472
MID AMERICA MORTGAGE, INC. 2 2.25% $2,480
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 2.81% $11,149
OCMBC, INC. 2 3.06% $4,923
Orrstown Bank 2 2.56% $7,244
Paramount Bank 2 2.50% $6,448
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 2.81% $12,462
UNITED SECURITY FINANCIAL CORP 2 2.00% $6,356
HomePromise Corporation 1 2.88% $18,119
George Mason Mortgage, LLC 1 2.75% $3,607
Florida Capital Bank 1 2.63% $15,632
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 2.50% $4,317
US MORTGAGE CORPORATION 1 2.25% $2,017
AMCAP MORTGAGE, LTD. 1 2.38% $20,162
Paramount Residential Mortgage Group, Inc. 1 3.75% $9,693
First Federal Bank of Kansas City 1 2.25% $5,520
FIRST ALLIANCE HOME MORTGAGE, LLC 1 3.25% $21,987
FIDELITY DIRECT MORTGAGE, LLC 1 2.50% $5,175
Farmers and Merchants Trust Company of Chambersburg 1 2.50% $10,409
PNC Bank 1 2.63% $4,830
1ST PREFERENCE MORTGAGE CORP. 1 2.88% $6,278
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.63% $1,858
Evesham Mortgage, LLC 1 3.63% $8,452
RESIDENTIAL HOME MORTGAGE CORPORATION 1 2.63% $5,612
EQUITY NOW INC. 1 2.25% $2,742
Sierra Pacific Mortgage Company, Inc. 1 3.00% $11,085
SIRVA MORTGAGE, INC. 1 3.38% $3,214
DEVELOPER'S MORTGAGE COMPANY 1 2.75% $8,323
Strong Home Mortgage, LLC 1 2.25% $525
Sunflower Bank 1 2.49% $11,389
Community First National Bank 1 2.25% $13,971
The Ephrata National Bank 1 3.25% $2,445
Colonial Savings, F.A. 1 3.25% $8,309
CMG MORTGAGE, INC. 1 2.75% $3,073
BAY CAPITAL MORTGAGE CORPORATION 1 2.38% $2,409
Towne Bank 1 2.25% $0
Truist Bank 1 2.75% $1,794
Assurance Financial Group, L.L.C. 1 2.25% $13,294
1ST FINANCIAL, INC. 1 2.88% $1,980
Armed Forces Bank 1 2.63% $12,106
Univest Bank and Trust Co. 1 2.63% $2,361
APEX HOME LOANS, INC. 1 2.95% $4,826
MORTGAGE ACCESS CORP. 1 2.38% $19,657
MILEND, INC. 1 3.75% $13,116
LOANPAL, LLC 1 2.25% $7,465
HOMESTEAD FUNDING CORP. 1 2.25% $3,323
Northeast Equitable Mortgage, LLC 1 2.50% $5,297

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. Louis
Date 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 for 2022-04-01 was $289,999, a difference of $19,999 (7.4%) versus the prior year and $25,749 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-04-01 was 37 days. This is -15% shorter than the same period one year ago.

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.

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.