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 62 lenders originated 283 VA loans during 2024. The total origination value was $97,195,000, with an average VA loan value of $343,445.

    Lancaster VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lancaster averaged 0.43% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Lancaster's average VA mortgage closing costs are $7,391.

    The average rate for the prior week (2025-06-13) was 6.97% and one month ago for the week of 2025-05-16, the average rate was 6.83%.

    The average rate one year ago was 6.63%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.36%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 48 6.20% $9,431
    UNITED WHOLESALE MORTGAGE, LLC 28 5.70% $10,400
    FREEDOM MORTGAGE CORPORATION 19 6.23% $11,230
    GUILD MORTGAGE COMPANY 15 6.44% $9,815
    PENNYMAC LOAN SERVICES, LLC 12 5.69% $9,708
    QUICKEN LOANS, LLC 11 5.94% $12,353
    NEWREZ LLC 11 5.97% $7,614
    NAVY FEDERAL CREDIT UNION 9 5.71% $7,011
    CROSSCOUNTRY MORTGAGE, LLC 8 6.52% $8,996
    GUARANTEED RATE, INC. 7 6.37% $5,745
    NEW DAY FINANCIAL, LLC 7 7.51% $12,599
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.58% $12,183
    USAA Federal Savings Bank 5 6.05% $7,706
    Meridian Bank Corporation 4 6.25% $11,336
    PLANET HOME LENDING, LLC 3 5.66% $5,633
    First Federal Bank 3 5.71% $9,790
    LOANDEPOT.COM, LLC 3 4.66% $9,327
    Fulton Bank 3 6.21% $8,078
    CMG MORTGAGE, INC. 3 5.71% $9,878
    GUARANTEED RATE AFFINITY, LLC 3 6.62% $10,341
    BROKER SOLUTIONS, INC. 3 6.92% $9,260
    VILLAGE CAPITAL MORTGAGE 3 6.04% $12,555
    Alcova Mortgage LLC 2 6.44% $15,856
    EMM LOANS LLC 2 6.38% $12,099
    GoPrime Mortgage, Inc. 2 6.88% $9,410
    Homesale Mortgage, LLC 2 6.75% $6,343
    JPMorgan Chase Bank 2 6.75% $6,171
    MDE Home Loans, LLC 2 6.19% $9,260
    MOVEMENT MORTGAGE, LLC 2 6.37% $5,628
    PENTAGON FEDERAL CREDIT UNION 2 6.31% $8,994
    PLAZA HOME MORTGAGE, INC. 2 6.00% $19,014
    RADIUS FINANCIAL GROUP INC. 2 6.63% $8,937
    Sierra Pacific Mortgage Company, Inc. 2 5.88% $7,332
    The Federal Savings Bank 2 6.25% $17,635
    MORTGAGE ACCESS CORP. 1 5.75% $5,886
    EQUITY RESOURCES, INC. 1 6.25% $3,846
    UNION HOME MORTGAGE CORP. 1 5.88% $13,923
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.00% $10,273
    DHI MORTGAGE COMPANY, LTD. 1 4.99% $26,840
    NBKC BANK 1 4.99% $20,359
    Century Mortgage Company DBA Century Lending Company 1 6.13% $6,468
    Carrington Mortgage Services, LLC 1 6.63% $21,116
    NVR Mortgage Finance, Inc. 1 5.99% $4,617
    BELEM SERVICING LLC 1 4.88% $7,265
    AMERISAVE MORTGAGE CORPORATION 1 6.00% $19,511
    PHH Mortgage Corporation 1 6.88% $9,780
    Barrington Bank & Trust Company, N.A. 1 5.75% $4,321
    Univest Bank and Trust Co. 1 6.00% $3,753
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $18,532
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $4,603
    Bank of England 1 6.25% $4,582
    AmeriHome Mortgage Company, LLC 1 6.00% $4,503
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.13% $8,075
    SWBC MORTGAGE CORPORATION 1 6.25% $9,726
    The Ephrata National Bank 1 6.13% $18,927
    Lakeview Community Capital, LLC 1 4.99% $7,953
    Magnolia Bank 1 5.75% $12,976
    Wilmington Savings Fund Society, FSB 1 5.75% $6,781
    MEMBERS 1ST FEDERAL CREDIT UNION 1 5.13% $12,318
    Flagstar Bank, FSB 1 7.25% $29,204
    MICHIGAN MUTUAL, INC. 1 5.75% $10,263
    MILEND, INC. 1 7.25% $14,484

    The top Lancaster VA lender as defined by loan originations is Mortgage Research Center, LLC, with 48 VA loans originated. Their average total fees are $9,431, which is $970 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lancaster VA lenders (with over 10 loans originated) are NEWREZ LLC ($7,614), Mortgage Research Center, LLC ($9,431), PENNYMAC LOAN SERVICES, LLC ($9,708), GUILD MORTGAGE COMPANY ($9,815) and UNITED WHOLESALE MORTGAGE, LLC ($10,400).

    The lowest rate Lancaster VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.69%), UNITED WHOLESALE MORTGAGE, LLC (5.70%), QUICKEN LOANS, LLC (5.94%), NEWREZ LLC (5.97%) and Mortgage Research Center, LLC (6.20%).

    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.