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 6.41% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Harrisburg's average VA mortgage closing costs are $6,321.

The average rate for the prior week (2024-02-23) was 6.63% and one month ago for the week of 2024-01-26, the average rate was 5.96%.

The average rate one year ago was 6%.

For refis of the same type during the week of 2024-03-01, the average rate was 4.95%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Harrisburg level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 122 5.09% $7,335
QUICKEN LOANS, LLC 64 4.09% $10,561
UNITED WHOLESALE MORTGAGE, LLC 49 4.23% $9,241
NAVY FEDERAL CREDIT UNION 37 4.34% $6,930
PENNYMAC LOAN SERVICES, LLC 29 3.26% $8,925
FREEDOM MORTGAGE CORPORATION 28 4.32% $12,202
LOANDEPOT.COM, LLC 25 4.37% $9,820
USAA Federal Savings Bank 23 4.22% $7,520
NEW DAY FINANCIAL, LLC 22 5.08% $9,419
Northpointe Bank 22 4.64% $10,271
GUILD MORTGAGE COMPANY 19 4.89% $13,985
GUARANTEED RATE AFFINITY, LLC 17 5.16% $7,569
Citizens Bank 17 4.36% $10,318
CROSSCOUNTRY MORTGAGE, LLC 15 4.55% $12,935
TIDEWATER MORTGAGE SERVICES, INC. 13 3.97% $10,489
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 4.61% $9,080
CALIBER HOME LOANS, INC. 10 4.71% $9,625
Mr. Cooper ( Nationstar Mortgage ) 8 4.75% $11,890
HOME POINT FINANCIAL CORPORATION 8 3.48% $10,001
MEMBERS 1ST FEDERAL CREDIT UNION 8 4.42% $9,314
Carrington Mortgage Services, LLC 7 4.30% $9,896
MCLEAN MORTGAGE CORPORATION 7 4.89% $6,891
GUARANTEED RATE, INC. 7 4.39% $10,224
The Federal Savings Bank 7 4.68% $12,690
Barrington Bank & Trust Company, N.A. 7 4.20% $7,137
Wells Fargo Bank 7 4.13% $5,854
HOMESPIRE MORTGAGE CORPORATION 7 4.59% $9,063
Foote Capital Mortgage Company 7 3.98% $7,389
LAKEVIEW LOAN SERVICING, LLC 7 3.32% $5,829
HOMEBRIDGE FINANCIAL SERVICES, INC. 6 5.29% $14,497
AMERISAVE MORTGAGE CORPORATION 6 4.17% $10,722
HOWARD HANNA FINANCIAL SERVICES, INC. 6 4.38% $11,435
NVR Mortgage Finance, Inc. 6 3.71% $12,152
Orrstown Bank 5 4.83% $11,273
VILLAGE CAPITAL MORTGAGE 5 4.18% $7,759
Mid-Continent Funding, Inc. 5 4.20% $8,058
Sierra Pacific Mortgage Company, Inc. 5 4.23% $7,176
MUTUAL OF OMAHA MORTGAGE, INC. 4 5.22% $11,585
CARDINAL FINANCIAL 4 4.94% $10,418
UNION HOME MORTGAGE CORP. 4 4.75% $9,665
Lakeview Community Capital, LLC 4 3.91% $4,981
Low VA Rates, LLC 4 4.44% $17,801
EMM LOANS LLC 4 4.91% $10,325
Magnolia Bank 3 5.88% $14,585
Homesale Mortgage, LLC 3 5.50% $11,192
Mortgage America, Inc. 3 6.17% $8,159
HOMESIDE FINANCIAL, LLC 3 5.29% $8,409
LOANPAL, LLC 3 4.92% $19,013
MOVEMENT MORTGAGE, LLC 3 4.58% $13,685
DHI MORTGAGE COMPANY, LTD. 3 4.41% $14,172
U.S. Bank 3 5.00% $9,467
NEWREZ LLC 3 3.58% $10,700
BROKER SOLUTIONS, INC. 2 6.62% $11,323
PLAZA HOME MORTGAGE, INC. 2 4.88% $3,758
FINANCE OF AMERICA MORTGAGE LLC 2 5.38% $4,106
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $15,233
First Federal Bank 2 5.13% $7,176
PENTAGON FEDERAL CREDIT UNION 2 4.94% $11,333
First National Bank of Pennsylvania 2 5.19% $10,377
Flagstar Bank, FSB 2 3.64% $4,716
ROYAL UNITED MORTGAGE LLC 2 4.44% $10,987
CLEARPATH LENDING 2 3.63% $6,813
SOVEREIGN LENDING GROUP INCORPORATED 2 4.50% $10,847
THE MORTGAGE LINK, INC. 2 3.56% $9,979
Paramount Residential Mortgage Group, Inc. 2 5.25% $10,287
HomePromise Corporation 2 5.75% $12,432
Integrity Home Mortgage Corp 2 4.63% $10,019
EVERETT FINANCIAL, INC. 2 4.56% $9,262
North American Savings Bank, F.S.B. 2 5.25% $14,532
MEMBER FIRST MORTGAGE, LLC 2 4.25% $24,361
NFM, INC. 2 4.75% $9,330
M&T Bank 2 3.00% $6,810
NATIONS DIRECT MORTGAGE, LLC 2 5.94% $10,079
York Traditions Bank 1 3.63% $6,835
1ST PREFERENCE MORTGAGE CORP. 1 4.88% $16,798
Alcova Mortgage LLC 1 7.25% $4,227
AMERICAN FINANCIAL RESOURCES, INC. 1 4.63% $15,692
AMERICAN FINANCING CORPORATION 1 6.00% $12,490
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.25% $7,831
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.13% $14,522
ARC HOME LLC 1 5.63% $10,187
BAY EQUITY LLC 1 5.63% $8,993
CityWorth Mortgage LLC 1 3.75% $3,626
CMG MORTGAGE, INC. 1 4.63% $6,206
Credence Funding Corporation 1 3.75% $9,679
EMBRACE HOME LOANS, INC. 1 3.88% $11,443
ENVOY MORTGAGE, LTD 1 7.25% $4,037
Equity Prime Mortgage LLC 1 5.75% $8,073
FIDELITY DIRECT MORTGAGE, LLC 1 3.75% $12,703
FIRST ALLIANCE HOME MORTGAGE, LLC 1 3.25% $14,240
Florida Capital Bank 1 3.75% $14,485
GUARANTY HOME MORTGAGE CORPORATION 1 5.50% $6,319
JPMorgan Chase Bank 1 4.25% $15,770
MEMBER ADVANTAGE MORTGAGE, LLC 1 4.25% $5,587
Mid Penn Bank 1 5.25% $7,893
Mortgage Network, Inc. 1 5.63% $17,026
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $5,504
Nations Lending Corporation 1 3.75% $8,760
PATRIOT 1 4.38% $14,237
Plains Commerce Bank 1 7.25% $4,648
PLANET HOME LENDING, LLC 1 4.75% $4,407
POLARIS HOME FUNDING CORP. 1 4.63% $15,692
PREMIA MORTGAGE, LLC 1 4.63% $5,845
Presidential Bank, FSB 1 5.00% $7,155
Quaint Oak Mortgage, LLC 1 5.13% $5,792
RELIANCE FIRST CAPITAL, LLC 1 3.38% $16,330
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 5.25% $19,140
RUOFF MORTGAGE COMPANY, INC. 1 4.25% $7,238
SOUTHERN TRUST MORTGAGE, LLC 1 4.75% $5,145
Strong Home Mortgage, LLC 1 2.75% $3,653
SUN WEST MORTGAGE COMPANY, INC. 1 5.25% $7,392
SWBC MORTGAGE CORPORATION 1 7.25% $6,682
Texana Bank 1 3.50% $6,230
Univest Bank and Trust Co. 1 3.00% $9,949
1ST FINANCIAL, INC. 1 5.13% $6,609

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 $196,950 (10.7%) $241,245 (6.0%) 0.73 1,752
2018-02-01 $201,873 (14.3%) $244,829 (6.6%) 0.73 1,668
2018-03-01 $209,950 (13.7%) $254,189 (8.3%) 0.74 1,633
2018-04-01 $208,250 (9.6%) $256,542 (6.1%) 0.71 1,659
2018-05-01 $224,400 (12.2%) $265,512 (6.7%) 0.75 1,748
2018-06-01 $219,900 (10.1%) $261,537 (4.7%) 0.73 1,876
2018-07-01 $216,028 (10.8%) $260,339 (5.0%) 0.72 1,916
2018-08-01 $219,900 (12.8%) $258,799 (5.6%) 0.74 1,963
2018-09-01 $219,900 (15.8%) $260,568 (9.0%) 0.74 1,906
2018-10-01 $216,810 (14.5%) $260,520 (10.4%) 0.73 1,889
2018-11-01 $214,450 (15.6%) $258,500 (10.6%) 0.73 1,800
2018-12-01 $219,083 (16.3%) $257,034 (9.7%) 0.76 1,614
2019-01-01 $219,375 (11.4%) $256,358 (6.3%) 0.76 1,448
2019-02-01 $219,950 (9.0%) $255,798 (4.5%) 0.74 1,361
2019-03-01 $219,979 (4.8%) $262,282 (3.2%) 0.72 1,367
2019-04-01 $219,954 (5.6%) $267,896 (4.4%) 0.70 1,410
2019-05-01 $222,400 (-0.9%) $267,374 (0.7%) 0.70 1,494
2019-06-01 $228,250 (3.8%) $269,589 (3.1%) 0.71 1,527
2019-07-01 $232,950 (7.8%) $275,879 (6.0%) 0.73 1,553
2019-08-01 $233,242 (6.1%) $279,075 (7.8%) 0.74 1,513
2019-09-01 $236,987 (7.8%) $285,217 (9.5%) 0.76 1,447
2019-10-01 $239,259 (10.4%) $288,789 (10.9%) 0.77 1,425
2019-11-01 $234,900 (9.5%) $284,966 (10.2%) 0.77 1,405
2019-12-01 $237,000 (8.2%) $287,407 (11.8%) 0.79 1,236
2020-01-01 $239,900 (9.4%) $291,003 (13.5%) 0.80 1,061
2020-02-01 $240,000 (9.1%) $294,519 (15.1%) 0.79 943
2020-03-01 $249,968 (13.6%) $302,013 (15.2%) 0.78 906
2020-04-01 $250,850 (14.1%) $305,033 (13.9%) 0.79 828
2020-05-01 $254,300 (14.3%) $304,920 (14.0%) 0.77 891
2020-06-01 $257,150 (12.7%) $304,828 (13.1%) 0.76 914
2020-07-01 $261,075 (12.1%) $313,018 (13.5%) 0.76 792
2020-08-01 $259,900 (11.4%) $317,734 (13.9%) 0.74 745
2020-09-01 $256,650 (8.3%) $321,265 (12.6%) 0.74 724
2020-10-01 $261,400 (9.3%) $324,978 (12.5%) 0.75 660
2020-11-01 $257,500 (9.6%) $321,011 (12.7%) 0.75 619
2020-12-01 $252,825 (6.7%) $313,178 (9.0%) 0.75 602
2021-01-01 $259,850 (8.3%) $319,845 (9.9%) 0.78 524
2021-02-01 $268,450 (11.9%) $323,661 (9.9%) 0.78 443
2021-03-01 $278,925 (11.6%) $333,592 (10.5%) 0.79 446
2021-04-01 $273,000 (8.8%) $341,955 (12.1%) 0.74 444
2021-05-01 $279,250 (9.8%) $341,370 (12.0%) 0.74 495
2021-06-01 $239,950 (-6.7%) $312,556 (2.5%) 0.63 633
2021-07-01 $239,900 (-8.1%) $304,350 (-2.8%) 0.63 663
2021-08-01 $239,950 (-7.7%) $308,494 (-2.9%) 0.64 684
2021-09-01 $239,925 (-6.5%) $300,670 (-6.4%) 0.64 668
2021-10-01 $249,900 (-4.4%) $318,190 (-2.1%) 0.67 654
2021-11-01 $249,925 (-2.9%) $327,139 (1.9%) 0.67 610
2021-12-01 $247,675 (-2.0%) $317,690 (1.4%) 0.67 534
2022-01-01 $234,500 (-9.8%) $312,166 (-2.4%) 0.63 471
2022-02-01 $261,950 (-2.4%) $336,308 (3.9%) 0.68 414
2022-03-01 $262,450 (-5.9%) $337,297 (1.1%) 0.66 434
2022-04-01 $289,900 (6.2%) $343,406 (0.4%) 0.69 492
2022-05-01 $277,450 (-0.6%) $343,981 (0.8%) 0.63 565
2022-06-01 $292,000 (21.7%) $354,747 (13.5%) 0.65 640
2022-07-01 $298,053 (24.2%) $364,110 (19.6%) 0.67 679
2022-08-01 $312,450 (30.2%) $367,361 (19.1%) 0.72 683
2022-09-01 $297,450 (24.0%) $361,348 (20.2%) 0.70 703
2022-10-01 $309,900 (24.0%) $364,632 (14.6%) 0.73 723
2022-11-01 $309,500 (23.8%) $367,760 (12.4%) 0.74 706
2022-12-01 $300,000 (21.1%) $363,491 (14.4%) 0.74 632
2023-01-01 $319,998 (36.5%) $380,017 (21.7%) 0.79 538
2023-02-01 $322,400 (23.1%) $388,535 (15.5%) 0.78 518
2023-03-01 $344,900 (31.4%) $404,928 (20.1%) 0.81 506
2023-04-01 $319,990 (10.4%) $403,367 (17.5%) 0.74 474
2023-05-01 $321,500 (15.9%) $409,085 (18.9%) 0.73 504
2023-06-01 $325,000 (11.3%) $397,331 (12.0%) 0.73 510
2023-07-01 $332,350 (11.5%) $402,284 (10.5%) 0.76 519
2023-08-01 $337,225 (7.9%) $405,813 (10.5%) 0.77 542
2023-09-01 $330,000 (10.9%) $411,843 (14.0%) 0.77 577
2023-10-01 $322,400 (4.0%) $403,593 (10.7%) 0.76 647
2023-11-01 $297,575 (-3.9%) $388,152 (5.6%) 0.71 647
2023-12-01 $306,200 (2.1%) $389,398 (7.1%) 0.75 608
2024-01-01 $312,165 (-2.5%) $394,001 (3.7%) 0.76 542
Harrisburg's median listing price for 2024-01-01 was $312,165, a difference of $-7,833 (-2.5%) versus the prior year and $5,965 versus the prior month.

Harrisburg's median listing price comes in at 76% of the national average.

Harrisburg's average listing price for 2024-01-01 was $394,001, a difference of $13,984 (3.7%) versus the prior year and $4,603 versus the prior month.

For the 2024-01-01 period, Harrisburg had 542 MLS listings, a difference of -66 listings (-11%) versus the prior month and 4 listings (1%) 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 93 days 1,798 sqft
2018-02-01 88 days 1,814 sqft
2018-03-01 72 days 1,846 sqft
2018-04-01 60 days 1,832 sqft
2018-05-01 54 days 1,850 sqft
2018-06-01 52 days 1,970 sqft
2018-07-01 59 days 1,954 sqft
2018-08-01 62 days 1,950 sqft
2018-09-01 64 days 1,966 sqft
2018-10-01 67 days 1,941 sqft
2018-11-01 72 days 1,920 sqft
2018-12-01 80 days 1,920 sqft
2019-01-01 89 days 1,907 sqft
2019-02-01 85 days 1,901 sqft
2019-03-01 61 days 1,905 sqft
2019-04-01 42 days 1,935 sqft
2019-05-01 42 days 2,018 sqft
2019-06-01 47 days 2,029 sqft
2019-07-01 53 days 2,075 sqft
2019-08-01 54 days 2,068 sqft
2019-09-01 54 days 2,094 sqft
2019-10-01 56 days 2,113 sqft
2019-11-01 60 days 2,102 sqft
2019-12-01 74 days 2,099 sqft
2020-01-01 86 days 2,096 sqft
2020-02-01 72 days 2,100 sqft
2020-03-01 50 days 2,133 sqft
2020-04-01 63 days 2,108 sqft
2020-05-01 66 days 2,133 sqft
2020-06-01 37 days 2,118 sqft
2020-07-01 35 days 2,109 sqft
2020-08-01 32 days 2,114 sqft
2020-09-01 36 days 2,079 sqft
2020-10-01 50 days 2,083 sqft
2020-11-01 51 days 2,067 sqft
2020-12-01 54 days 2,057 sqft
2021-01-01 65 days 2,062 sqft
2021-02-01 59 days 2,071 sqft
2021-03-01 48 days 2,059 sqft
2021-04-01 41 days 2,018 sqft
2021-05-01 36 days 1,964 sqft
2021-06-01 34 days 1,850 sqft
2021-07-01 36 days 1,882 sqft
2021-08-01 37 days 1,863 sqft
2021-09-01 43 days 1,853 sqft
2021-10-01 43 days 1,816 sqft
2021-11-01 44 days 1,830 sqft
2021-12-01 51 days 1,824 sqft
2022-01-01 52 days 1,831 sqft
2022-02-01 43 days 1,869 sqft
2022-03-01 32 days 1,855 sqft
2022-04-01 33 days 1,888 sqft
2022-05-01 35 days 1,882 sqft
2022-06-01 35 days 1,917 sqft
2022-07-01 38 days 1,936 sqft
2022-08-01 39 days 1,955 sqft
2022-09-01 43 days 1,938 sqft
2022-10-01 44 days 1,951 sqft
2022-11-01 47 days 1,961 sqft
2022-12-01 57 days 1,949 sqft
2023-01-01 68 days 1,989 sqft
2023-02-01 60 days 1,933 sqft
2023-03-01 47 days 2,011 sqft
2023-04-01 38 days 2,016 sqft
2023-05-01 35 days 1,990 sqft
2023-06-01 38 days 1,993 sqft
2023-07-01 38 days 2,032 sqft
2023-08-01 34 days 2,038 sqft
2023-09-01 37 days 2,050 sqft
2023-10-01 36 days 1,980 sqft
2023-11-01 43 days 1,911 sqft
2023-12-01 50 days 1,875 sqft
2024-01-01 54 days 1,873 sqft
Harrisburg's median listing age (time on market) for 2024-01-01 was 54 days. This is -20% shorter than the same period one year ago.

Harrisburg's median square footage for active listings during the 2024-01-01 period was 1,873 sqft. One year prior, the average listing was 1,989 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.