Harrisburg VA Loan Rates, Closing Costs & Stats

HARRISBURG-CARLISLE, PA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 86 lenders originated 592 VA loans during 2023. The total origination value was $181,430,000, with an average VA loan value of $306,470.

    Harrisburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Harrisburg averaged 6.63% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Harrisburg's average VA mortgage closing costs are $6,677.

    The average rate for the prior week (2024-11-01) was 6.69% and one month ago for the week of 2024-10-04, the average rate was 5.71%.

    The average rate one year ago was 7.67%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.89%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 111 6.76% $8,324
    QUICKEN LOANS, LLC 44 6.30% $13,181
    UNITED WHOLESALE MORTGAGE, LLC 39 6.16% $9,250
    NAVY FEDERAL CREDIT UNION 30 5.86% $7,536
    Citizens Bank 22 6.14% $14,999
    NEW DAY FINANCIAL, LLC 19 7.55% $12,352
    Northpointe Bank 17 6.27% $9,753
    USAA Federal Savings Bank 17 6.15% $9,120
    FREEDOM MORTGAGE CORPORATION 15 6.70% $17,470
    CROSSCOUNTRY MORTGAGE, LLC 13 6.58% $10,416
    LOANDEPOT.COM, LLC 11 6.42% $13,130
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.72% $9,446
    Mr. Cooper ( Nationstar Mortgage ) 10 6.15% $13,597
    GUARANTEED RATE AFFINITY, LLC 9 6.64% $7,706
    The Federal Savings Bank 8 6.22% $22,586
    TIDEWATER MORTGAGE SERVICES, INC. 8 6.58% $11,387
    PENNYMAC LOAN SERVICES, LLC 7 5.55% $13,085
    HOMESPIRE MORTGAGE CORPORATION 7 6.77% $6,120
    NVR Mortgage Finance, Inc. 7 5.46% $5,473
    GUILD MORTGAGE COMPANY 6 6.60% $9,613
    CMG MORTGAGE, INC. 6 6.90% $8,315
    First National Bank of Pennsylvania 6 6.17% $8,780
    UNION HOME MORTGAGE CORP. 5 6.55% $12,142
    VILLAGE CAPITAL MORTGAGE 4 6.25% $13,396
    CARDINAL FINANCIAL 4 6.06% $10,129
    Univest Bank and Trust Co. 4 6.84% $9,152
    PENTAGON FEDERAL CREDIT UNION 4 5.88% $8,642
    Mid-Continent Funding, Inc. 4 6.66% $12,100
    MOVEMENT MORTGAGE, LLC 4 6.66% $10,733
    LAKEVIEW LOAN SERVICING, LLC 3 6.17% $12,677
    Magnolia Bank 3 6.04% $17,285
    MEMBERS 1ST FEDERAL CREDIT UNION 3 6.58% $9,836
    NEWREZ LLC 3 6.58% $9,518
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.54% $12,418
    EMM LOANS LLC 3 6.13% $18,636
    Equity Prime Mortgage LLC 3 6.50% $12,820
    Farmers and Merchants Trust Company of Chambersburg 3 6.42% $9,414
    FIRST ALLIANCE HOME MORTGAGE, LLC 3 7.33% $11,920
    York Traditions Bank 3 6.38% $9,367
    Wells Fargo Bank 3 5.96% $7,900
    NATIONS DIRECT MORTGAGE, LLC 2 6.25% $8,625
    AMERICAN FINANCING CORPORATION 2 5.75% $9,467
    AmeriHome Mortgage Company, LLC 2 6.31% $8,959
    AMERISAVE MORTGAGE CORPORATION 2 6.25% $16,130
    Barrington Bank & Trust Company, N.A. 2 5.75% $5,898
    BNC National Bank 2 5.50% $9,198
    BROKER SOLUTIONS, INC. 2 6.75% $12,106
    Flagstar Bank, FSB 2 6.38% $11,293
    Foote Capital Mortgage Company 2 6.81% $11,150
    GUARANTY HOME MORTGAGE CORPORATION 2 5.94% $12,656
    HomePromise Corporation 2 7.25% $13,601
    HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.31% $9,948
    M&T Bank 2 6.38% $5,571
    NBKC BANK 2 6.75% $4,739
    SOVEREIGN LENDING GROUP INCORPORATED 2 5.44% $18,210
    Mortgage America, Inc. 1 6.75% $16,966
    ARC HOME LLC 1 5.63% $18,338
    MORTGAGE ACCESS CORP. 1 5.75% $11,957
    MILEND, INC. 1 6.88% $14,638
    NFM, INC. 1 6.75% $4,850
    MEMBER FIRST MORTGAGE, LLC 1 7.13% $5,123
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $8,017
    Lakeview Community Capital, LLC 1 7.25% $11,982
    Orrstown Bank 1 6.75% $7,035
    Integrity Home Mortgage Corp 1 6.50% $11,814
    HOMESTEAD FUNDING CORP. 1 5.63% $15,353
    PNC Bank 1 6.25% $6,243
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.88% $12,981
    Prosperity Home Mortgage, LLC 1 7.38% $12,104
    Homesale Mortgage, LLC 1 6.63% $12,529
    Residential Mortgage Solutions, Inc. 1 6.99% $10,922
    ROSS MORTGAGE CORPORATION 1 6.38% $30,948
    ROYAL UNITED MORTGAGE LLC 1 7.50% $13,047
    Sierra Pacific Mortgage Company, Inc. 1 6.75% $14,565
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $11,342
    SWBC MORTGAGE CORPORATION 1 6.75% $5,627
    GUARANTEED RATE, INC. 1 6.75% $18,701
    FIRST COMMUNITY MORTGAGE, INC. 1 7.00% $11,271
    TJC Mortgage, Inc. 1 5.75% $8,315
    FIRST COLONY MORTGAGE CORPORATION 1 7.00% $6,534
    ENVOY MORTGAGE, LTD 1 6.13% $16,716
    EMBRACE HOME LOANS, INC. 1 7.13% $18,482
    CANOPY MORTGAGE, LLC 1 7.25% $9,112
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.25% $10,509
    AMERICAN FINANCIAL NETWORK, INC. 1 7.50% $30,045
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $19,374

    The top Harrisburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 111 VA loans originated. Their average total fees are $8,324, which is $4,857 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 ($7,536), Mortgage Research Center, LLC ($8,324), USAA Federal Savings Bank ($9,120), UNITED WHOLESALE MORTGAGE, LLC ($9,250) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,446).

    The lowest rate Harrisburg VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.86%), Citizens Bank (6.14%), Mr. Cooper ( Nationstar Mortgage ) (6.15%), USAA Federal Savings Bank (6.15%) and UNITED WHOLESALE MORTGAGE, LLC (6.16%).

    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.