Lancaster VA Loan Rates, Closing Costs & Stats

LANCASTER, 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 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.

    Lancaster's 63 lenders originated 244 VA loans during 2023. The total origination value was $77,650,000, with an average VA loan value of $318,238.

    Lancaster VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lancaster averaged 6.84% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Lancaster's average VA mortgage closing costs are $7,170.

    The average rate for the prior week (2025-02-07) was 6.48% and one month ago for the week of 2025-01-10, the average rate was 6.61%.

    The average rate one year ago was 6.44%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.78%.

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

    Lancaster 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 Lancaster level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 37 6.74% $7,849
    UNITED WHOLESALE MORTGAGE, LLC 19 6.04% $11,228
    GUILD MORTGAGE COMPANY 14 6.58% $13,317
    NAVY FEDERAL CREDIT UNION 12 5.69% $9,408
    QUICKEN LOANS, LLC 11 6.26% $15,940
    EMM LOANS LLC 8 6.38% $10,818
    LOANDEPOT.COM, LLC 7 6.10% $13,966
    PENNYMAC LOAN SERVICES, LLC 7 5.45% $8,704
    BROKER SOLUTIONS, INC. 6 6.48% $16,166
    CALIBER HOME LOANS, INC. 6 5.67% $9,571
    CROSSCOUNTRY MORTGAGE, LLC 6 6.80% $13,667
    FREEDOM MORTGAGE CORPORATION 5 6.25% $19,842
    NEW DAY FINANCIAL, LLC 5 7.60% $11,053
    GUARANTEED RATE, INC. 4 6.04% $10,585
    Homesale Mortgage, LLC 4 6.50% $13,330
    NEWREZ LLC 4 6.59% $14,363
    Fulton Bank 3 6.46% $10,643
    USAA Federal Savings Bank 3 5.83% $7,961
    VILLAGE CAPITAL MORTGAGE 3 6.00% $7,673
    Citizens Bank 3 6.21% $17,899
    Mr. Cooper ( Nationstar Mortgage ) 3 5.92% $20,211
    York Traditions Bank 2 6.75% $10,220
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.00% $24,796
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.19% $13,547
    First National Bank of Pennsylvania 2 5.75% $20,571
    GREENTREE MORTGAGE COMPANY, L.P. 2 6.75% $12,458
    HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.81% $5,301
    MEMBERS 1ST FEDERAL CREDIT UNION 2 6.63% $6,139
    Northpointe Bank 2 6.38% $11,435
    Orrstown Bank 2 6.13% $9,298
    Paramount Residential Mortgage Group, Inc. 2 6.37% $6,389
    RADIUS FINANCIAL GROUP INC. 2 7.13% $15,624
    Sierra Pacific Mortgage Company, Inc. 2 6.19% $8,023
    The Federal Savings Bank 2 6.00% $14,446
    Wells Fargo Bank 2 5.25% $5,588
    MOVEMENT MORTGAGE, LLC 1 7.13% $3,363
    GUARANTY HOME MORTGAGE CORPORATION 1 5.50% $11,594
    NATION ONE MORTGAGE CORPORATION 1 6.63% $20,067
    Nations Lending Corporation 1 5.63% $24,180
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $5,846
    GSF Mortgage Corporation 1 6.75% $7,278
    CMG MORTGAGE, INC. 1 5.75% $19,036
    UNION HOME MORTGAGE CORP. 1 5.38% $19,657
    Barrington Bank & Trust Company, N.A. 1 6.25% $17,408
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $13,962
    CARDINAL FINANCIAL 1 5.50% $6,363
    PENTAGON FEDERAL CREDIT UNION 1 5.88% $13,220
    PHH Mortgage Corporation 1 6.99% $18,625
    BNC National Bank 1 5.25% $4,676
    AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $5,745
    RELIANCE FIRST CAPITAL, LLC 1 6.88% $6,713
    Alcova Mortgage LLC 1 7.38% $776
    SOVEREIGN LENDING GROUP INCORPORATED 1 4.75% $21,609
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.00% $20,187
    Wilmington Savings Fund Society, FSB 1 6.75% $15,641
    Keystone Funding, Inc. 1 7.13% $4,118
    HOMESPIRE MORTGAGE CORPORATION 1 7.13% $7,826
    Magnolia Bank 1 7.00% $19,585
    MCLEAN MORTGAGE CORPORATION 1 5.63% $12,551
    TOP FLITE FINANCIAL, INC. 1 6.75% $20,517
    Mid-Continent Funding, Inc. 1 5.50% $5,363
    Mid Penn Bank 1 6.75% $30,848
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.99% $25,674

    The top Lancaster VA lender as defined by loan originations is Mortgage Research Center, LLC, with 37 VA loans originated. Their average total fees are $7,849, which is $3,379 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lancaster VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,849), NAVY FEDERAL CREDIT UNION ($9,408), UNITED WHOLESALE MORTGAGE, LLC ($11,228), GUILD MORTGAGE COMPANY ($13,317) and QUICKEN LOANS, LLC ($15,940).

    The lowest rate Lancaster VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.69%), UNITED WHOLESALE MORTGAGE, LLC (6.04%), QUICKEN LOANS, LLC (6.26%), GUILD MORTGAGE COMPANY (6.58%) and Mortgage Research Center, LLC (6.74%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lancaster (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 $259,700 (6.0%) $296,078 (5.2%) 0.96 1,190
    2018-02-01 $266,900 (10.8%) $306,970 (7.6%) 0.97 1,132
    2018-03-01 $273,358 (11.6%) $315,492 (8.9%) 0.96 1,125
    2018-04-01 $269,900 (8.9%) $311,650 (5.1%) 0.92 1,184
    2018-05-01 $274,728 (9.9%) $316,851 (5.3%) 0.92 1,180
    2018-06-01 $272,900 (9.2%) $316,449 (5.8%) 0.91 1,270
    2018-07-01 $274,900 (12.2%) $318,983 (8.3%) 0.92 1,319
    2018-08-01 $271,248 (10.4%) $320,207 (9.7%) 0.91 1,314
    2018-09-01 $272,500 (10.1%) $320,926 (10.4%) 0.92 1,297
    2018-10-01 $269,900 (8.0%) $323,473 (10.4%) 0.91 1,306
    2018-11-01 $269,900 (9.9%) $321,303 (13.7%) 0.91 1,298
    2018-12-01 $274,900 (10.0%) $323,939 (12.5%) 0.95 1,241
    2019-01-01 $275,000 (5.9%) $325,806 (10.0%) 0.95 1,189
    2019-02-01 $278,945 (4.5%) $329,761 (7.4%) 0.94 1,122
    2019-03-01 $286,371 (4.8%) $337,521 (7.0%) 0.94 1,087
    2019-04-01 $295,000 (9.3%) $345,087 (10.7%) 0.94 1,086
    2019-05-01 $289,950 (5.5%) $342,505 (8.1%) 0.91 1,116
    2019-06-01 $289,900 (6.2%) $346,253 (9.4%) 0.91 1,126
    2019-07-01 $287,173 (4.5%) $347,083 (8.8%) 0.90 1,093
    2019-08-01 $286,264 (5.5%) $347,780 (8.6%) 0.91 1,079
    2019-09-01 $288,309 (5.8%) $348,096 (8.5%) 0.93 1,071
    2019-10-01 $289,900 (7.4%) $348,075 (7.6%) 0.94 1,065
    2019-11-01 $289,999 (7.5%) $345,481 (7.5%) 0.95 1,018
    2019-12-01 $297,550 (8.2%) $352,975 (9.0%) 0.99 891
    2020-01-01 $305,881 (11.2%) $360,415 (10.6%) 1.02 794
    2020-02-01 $319,900 (14.7%) $366,681 (11.2%) 1.05 744
    2020-03-01 $320,200 (11.8%) $374,354 (10.9%) 1.00 718
    2020-04-01 $326,250 (10.6%) $389,335 (12.8%) 1.02 686
    2020-05-01 $319,900 (10.3%) $382,250 (11.6%) 0.97 719
    2020-06-01 $319,675 (10.3%) $378,542 (9.3%) 0.94 739
    2020-07-01 $320,900 (11.7%) $385,175 (11.0%) 0.93 657
    2020-08-01 $334,900 (17.0%) $401,397 (15.4%) 0.96 603
    2020-09-01 $326,618 (13.3%) $394,671 (13.4%) 0.94 573
    2020-10-01 $325,750 (12.4%) $395,386 (13.6%) 0.93 541
    2020-11-01 $329,900 (13.8%) $393,979 (14.0%) 0.96 511
    2020-12-01 $331,400 (11.4%) $388,582 (10.1%) 0.99 481
    2021-01-01 $344,900 (12.8%) $400,339 (11.1%) 1.03 414
    2021-02-01 $354,948 (11.0%) $418,382 (14.1%) 1.03 355
    2021-03-01 $350,000 (9.3%) $409,277 (9.3%) 0.99 361
    2021-04-01 $349,900 (7.3%) $412,695 (6.0%) 0.95 387
    2021-05-01 $350,000 (9.4%) $410,742 (7.5%) 0.93 403
    2021-06-01 $323,750 (1.3%) $390,538 (3.2%) 0.85 466
    2021-07-01 $319,900 (-0.3%) $383,547 (-0.4%) 0.84 463
    2021-08-01 $329,204 (-1.7%) $415,139 (3.4%) 0.88 482
    2021-09-01 $323,725 (-0.9%) $421,584 (6.8%) 0.86 469
    2021-10-01 $322,000 (-1.2%) $416,637 (5.4%) 0.86 469
    2021-11-01 $333,370 (1.1%) $425,600 (8.0%) 0.89 424
    2021-12-01 $349,900 (5.6%) $441,484 (13.6%) 0.95 344
    2022-01-01 $369,900 (7.3%) $495,422 (23.8%) 1.00 251
    2022-02-01 $355,000 (0.0%) $473,356 (13.1%) 0.92 261
    2022-03-01 $368,200 (5.2%) $440,737 (7.7%) 0.92 321
    2022-04-01 $374,998 (7.2%) $454,485 (10.1%) 0.89 336
    2022-05-01 $379,950 (8.6%) $469,536 (14.3%) 0.87 374
    2022-06-01 $365,117 (12.8%) $453,136 (16.0%) 0.81 449
    2022-07-01 $364,900 (14.1%) $454,661 (18.5%) 0.82 473
    2022-08-01 $365,818 (11.1%) $458,219 (10.4%) 0.85 458
    2022-09-01 $346,366 (7.0%) $446,199 (5.8%) 0.81 428
    2022-10-01 $379,900 (18.0%) $470,063 (12.8%) 0.89 431
    2022-11-01 $388,725 (16.6%) $476,175 (11.9%) 0.93 442
    2022-12-01 $395,000 (12.9%) $472,056 (6.9%) 0.98 390
    2023-01-01 $399,950 (8.1%) $479,141 (-3.3%) 0.99 379
    2023-02-01 $422,450 (19.0%) $493,382 (4.2%) 1.02 352
    2023-03-01 $429,309 (16.6%) $491,567 (11.5%) 1.01 369
    2023-04-01 $399,900 (6.6%) $485,067 (6.7%) 0.93 326
    2023-05-01 $399,950 (5.3%) $471,135 (0.3%) 0.91 351
    2023-06-01 $398,725 (9.2%) $465,966 (2.8%) 0.90 357
    2023-07-01 $399,000 (9.4%) $471,760 (3.8%) 0.91 351
    2023-08-01 $392,300 (7.2%) $470,212 (2.6%) 0.91 361
    2023-09-01 $399,000 (15.2%) $470,477 (5.4%) 0.93 368
    2023-10-01 $375,000 (-1.3%) $464,265 (-1.2%) 0.88 431
    2023-11-01 $399,900 (2.9%) $484,366 (1.7%) 0.95 408
    2023-12-01 $411,157 (4.1%) $500,049 (5.9%) 1.00 368
    2024-01-01 $429,900 (7.5%) $494,847 (3.3%) 1.05 332
    2024-02-01 $420,250 (-0.5%) $495,608 (0.5%) 1.01 314
    2024-03-01 $419,950 (-2.2%) $502,502 (2.2%) 0.99 298
    2024-04-01 $423,725 (6.0%) $492,422 (1.5%) 0.99 374
    2024-05-01 $438,062 (9.5%) $504,602 (7.1%) 1.01 374
    2024-06-01 $425,000 (6.6%) $483,133 (3.7%) 0.97 401
    2024-07-01 $424,975 (6.5%) $487,514 (3.3%) 0.97 441
    2024-08-01 $414,090 (5.6%) $480,676 (2.2%) 0.96 465
    2024-09-01 $403,450 (1.1%) $474,203 (0.8%) 0.95 498
    2024-10-01 $389,900 (4.0%) $470,654 (1.4%) 0.92 544
    2024-11-01 $395,000 (-1.2%) $488,997 (1.0%) 0.95 529
    2024-12-01 $414,950 (0.9%) $509,562 (1.9%) 1.03 429
    2025-01-01 $408,640 (-5.0%) $510,563 (3.2%) 0.00 390
    Lancaster's median listing price for 2025-01-01 was $408,640, a difference of $-21,260 (-5.0%) versus the prior year and $-6,310 versus the prior month.

    Lancaster's median listing price comes in at 0% of the national average.

    Lancaster's average listing price for 2025-01-01 was $510,563, a difference of $15,716 (3.2%) versus the prior year and $1,001 versus the prior month.

    For the 2025-01-01 period, Lancaster had 390 MLS listings, a difference of -39 listings (-9%) versus the prior month and 58 listings (17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lancaster (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 86 days 1,858 sqft
    2018-02-01 84 days 1,892 sqft
    2018-03-01 64 days 1,915 sqft
    2018-04-01 54 days 1,898 sqft
    2018-05-01 53 days 1,898 sqft
    2018-06-01 46 days 2,046 sqft
    2018-07-01 47 days 2,039 sqft
    2018-08-01 54 days 2,029 sqft
    2018-09-01 58 days 2,040 sqft
    2018-10-01 56 days 1,992 sqft
    2018-11-01 54 days 1,983 sqft
    2018-12-01 69 days 1,967 sqft
    2019-01-01 71 days 1,941 sqft
    2019-02-01 72 days 1,958 sqft
    2019-03-01 61 days 2,013 sqft
    2019-04-01 44 days 2,083 sqft
    2019-05-01 40 days 2,065 sqft
    2019-06-01 45 days 2,043 sqft
    2019-07-01 46 days 2,027 sqft
    2019-08-01 45 days 2,029 sqft
    2019-09-01 45 days 2,047 sqft
    2019-10-01 44 days 2,058 sqft
    2019-11-01 53 days 2,040 sqft
    2019-12-01 65 days 2,048 sqft
    2020-01-01 71 days 2,108 sqft
    2020-02-01 67 days 2,160 sqft
    2020-03-01 42 days 2,140 sqft
    2020-04-01 61 days 2,150 sqft
    2020-05-01 68 days 2,120 sqft
    2020-06-01 36 days 2,145 sqft
    2020-07-01 34 days 2,159 sqft
    2020-08-01 37 days 2,197 sqft
    2020-09-01 37 days 2,119 sqft
    2020-10-01 43 days 2,046 sqft
    2020-11-01 45 days 2,091 sqft
    2020-12-01 51 days 2,018 sqft
    2021-01-01 52 days 2,069 sqft
    2021-02-01 52 days 2,113 sqft
    2021-03-01 39 days 2,092 sqft
    2021-04-01 26 days 2,076 sqft
    2021-05-01 29 days 2,056 sqft
    2021-06-01 35 days 1,913 sqft
    2021-07-01 39 days 1,929 sqft
    2021-08-01 37 days 1,987 sqft
    2021-09-01 42 days 1,926 sqft
    2021-10-01 40 days 1,970 sqft
    2021-11-01 43 days 1,936 sqft
    2021-12-01 50 days 1,928 sqft
    2022-01-01 48 days 1,976 sqft
    2022-02-01 30 days 1,959 sqft
    2022-03-01 26 days 1,918 sqft
    2022-04-01 33 days 1,976 sqft
    2022-05-01 30 days 2,000 sqft
    2022-06-01 30 days 1,966 sqft
    2022-07-01 32 days 1,970 sqft
    2022-08-01 36 days 1,972 sqft
    2022-09-01 41 days 1,911 sqft
    2022-10-01 37 days 1,969 sqft
    2022-11-01 42 days 2,013 sqft
    2022-12-01 50 days 1,974 sqft
    2023-01-01 54 days 1,947 sqft
    2023-02-01 49 days 1,972 sqft
    2023-03-01 41 days 1,982 sqft
    2023-04-01 34 days 2,045 sqft
    2023-05-01 29 days 2,017 sqft
    2023-06-01 31 days 2,052 sqft
    2023-07-01 34 days 2,050 sqft
    2023-08-01 31 days 1,930 sqft
    2023-09-01 31 days 1,920 sqft
    2023-10-01 30 days 1,929 sqft
    2023-11-01 34 days 1,952 sqft
    2023-12-01 42 days 1,965 sqft
    2024-01-01 47 days 1,944 sqft
    2024-02-01 39 days 1,982 sqft
    2024-03-01 37 days 1,907 sqft
    2024-04-01 29 days 1,921 sqft
    2024-05-01 29 days 1,988 sqft
    2024-06-01 29 days 1,928 sqft
    2024-07-01 33 days 1,969 sqft
    2024-08-01 34 days 1,920 sqft
    2024-09-01 37 days 1,901 sqft
    2024-10-01 31 days 1,879 sqft
    2024-11-01 33 days 1,891 sqft
    2024-12-01 45 days 1,892 sqft
    2025-01-01 0 days 1,925 sqft
    Lancaster's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Lancaster's median square footage for active listings during the 2025-01-01 period was 1,925 sqft. One year prior, the average listing was 1,944 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.