Harrisburg VA Loans

HARRISBURG-CARLISLE, PA

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    • 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.