Lebanon VA Loans

LEBANON, 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 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.

Lebanon's 74 lenders originated 471 VA loans during 2021. The total origination value was $106,715,000, with an average VA loan value of $226,571.

Lebanon VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Lebanon averaged 5.41% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.74% and one month ago for the week of 2022-04-08, the average rate was 4.87%.

The average rate one year ago was 2.88%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.17%.

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

Lebanon 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 Lebanon level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 49 2.99% $6,265
QUICKEN LOANS, LLC 31 2.48% $6,809
FREEDOM MORTGAGE CORPORATION 31 2.41% $2,624
PENNYMAC LOAN SERVICES, LLC 31 2.48% $5,704
USAA Federal Savings Bank 16 2.88% $3,660
MEMBERS 1ST FEDERAL CREDIT UNION 15 2.68% $10,014
NEW DAY FINANCIAL, LLC 12 2.98% $6,708
CROSSCOUNTRY MORTGAGE, LLC 12 2.93% $5,638
LAKEVIEW LOAN SERVICING, LLC 11 2.50% $3,554
CALIBER HOME LOANS, INC. 10 2.77% $3,551
Wells Fargo Bank 9 2.39% $4,625
The Federal Savings Bank 9 2.61% $5,824
LOANDEPOT.COM, LLC 8 2.56% $5,902
Homesale Mortgage, LLC 8 2.72% $7,088
SUCCESS MORTGAGE PARTNERS, INC. 7 3.00% $4,788
UNITED WHOLESALE MORTGAGE, LLC 7 2.55% $4,544
VILLAGE CAPITAL & INVESTMENT LLC 6 2.19% $3,166
Mr. Cooper ( Nationstar Mortgage ) 6 2.88% $4,514
HOMESIDE FINANCIAL, LLC 5 3.25% $11,319
NAVY FEDERAL CREDIT UNION 5 2.43% $6,058
Northpointe Bank 5 2.45% $6,146
RESIDENTIAL MORTGAGE SERVICES, INC. 5 2.95% $7,869
GUILD MORTGAGE COMPANY 5 2.90% $8,351
EMM LOANS LLC 5 2.75% $10,947
FAMILY FIRST FUNDING LLC 4 2.88% $8,967
PENTAGON FEDERAL CREDIT UNION 4 2.41% $1,831
CLEARPATH LENDING 4 2.25% $4,109
Citizens Bank 4 2.69% $7,301
FINANCE OF AMERICA MORTGAGE LLC 4 2.94% $4,804
MUTUAL OF OMAHA MORTGAGE, INC. 3 2.63% $5,123
Keystone Funding, Inc. 3 2.42% $11,411
HOME POINT FINANCIAL CORPORATION 3 2.46% $5,042
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 2.63% $5,249
Mortgage America, Inc. 3 2.88% $7,229
NEWREZ LLC 3 2.79% $9,352
AMERISAVE MORTGAGE CORPORATION 3 2.83% $5,051
AMERICAN FINANCING CORPORATION 2 2.25% $4,176
InterContinental Capital Group, Inc 2 2.44% $10,411
NBKC BANK 2 2.56% $7,447
ACCELERATE MORTGAGE, LLC 2 3.00% $7,130
UNION HOME MORTGAGE CORP. 2 2.50% $5,404
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 2.62% $7,798
NP, Inc. 2 2.50% $5,626
Meridian Bank Corporation 2 2.56% $5,329
Wyndham Capital Mortgage, Inc. 1 3.00% $14,730
Barrington Bank & Trust Company, N.A. 1 2.50% $4,732
BNC National Bank 1 2.75% $27,524
BROKER SOLUTIONS, INC. 1 3.25% $8,034
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.75% $3,184
EQUITY RESOURCES, INC. 1 2.25% $3,906
First Federal Bank 1 3.63% $13,464
First Guaranty Mortgage Corporation 1 2.25% $8,486
FIRST HERITAGE FINANCIAL, LLC 1 3.13% $8,964
First National Bank of Pennsylvania 1 2.63% $5,010
GUARANTEED RATE, INC. 1 2.75% $3,319
HOMESPIRE MORTGAGE CORPORATION 1 3.00% $0
Lakeview Community Capital, LLC 1 3.63% $2,087
Low VA Rates, LLC 1 2.25% $2,001
Magnolia Bank 1 2.25% $5,256
Mid-Continent Funding, Inc. 1 2.25% $7,009
Mortgage Network, Inc. 1 2.38% $23,862
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.38% $2,369
Nations Lending Corporation 1 3.00% $3,625
Paramount Residential Mortgage Group, Inc. 1 3.75% $5,609
PLANET HOME LENDING, LLC 1 2.75% $12,613
PLAZA HOME MORTGAGE, INC. 1 2.25% $6,229
PNC Bank 1 3.13% $3,096
SOVEREIGN LENDING GROUP INCORPORATED 1 2.25% $6,219
Stifel Bank and Trust 1 2.63% $2,098
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $2,445
TIDEWATER MORTGAGE SERVICES, INC. 1 2.63% $12,128
Towne Bank 1 2.50% $5,136
Truist Bank 1 2.63% $5,984
1ST PREFERENCE MORTGAGE CORP. 1 3.63% $4,694

The top Lebanon VA lender as defined by loan originations is Mortgage Research Center, LLC, with 49 VA loans originated. Their average total fees are $6,265, which is $545 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Lebanon VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,624), CALIBER HOME LOANS, INC. ($3,551), LAKEVIEW LOAN SERVICING, LLC ($3,554), USAA Federal Savings Bank ($3,660) and CROSSCOUNTRY MORTGAGE, LLC ($5,638).

The lowest rate Lebanon VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION (2.41%), QUICKEN LOANS, LLC (2.48%), PENNYMAC LOAN SERVICES, LLC (2.48%), LAKEVIEW LOAN SERVICING, LLC (2.50%) and MEMBERS 1ST FEDERAL CREDIT UNION (2.68%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Lebanon (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 (-4.4%) $218,519 (-3.9%) 0.73 470
2018-02-01 $199,970 (-3.6%) $221,956 (-2.8%) 0.72 472
2018-03-01 $221,032 (5.1%) $243,240 (3.8%) 0.76 440
2018-04-01 $218,900 (3.3%) $249,898 (5.3%) 0.73 456
2018-05-01 $220,516 (3.3%) $256,085 (9.2%) 0.74 448
2018-06-01 $225,000 (5.2%) $264,605 (11.2%) 0.75 458
2018-07-01 $228,950 (6.0%) $268,696 (13.8%) 0.76 437
2018-08-01 $238,945 (10.7%) $271,473 (14.6%) 0.80 398
2018-09-01 $244,900 (12.9%) $272,983 (13.6%) 0.82 412
2018-10-01 $241,245 (11.2%) $264,591 (12.1%) 0.81 397
2018-11-01 $229,450 (15.3%) $252,671 (13.3%) 0.77 401
2018-12-01 $219,000 (12.4%) $250,825 (14.0%) 0.75 381
2019-01-01 $212,450 (7.9%) $247,705 (13.4%) 0.73 349
2019-02-01 $222,500 (11.3%) $267,171 (20.4%) 0.75 326
2019-03-01 $228,057 (3.2%) $263,828 (8.5%) 0.74 304
2019-04-01 $238,800 (9.1%) $256,060 (2.5%) 0.75 299
2019-05-01 $246,278 (11.7%) $254,860 (-0.5%) 0.76 293
2019-06-01 $239,900 (6.6%) $261,812 (-1.1%) 0.74 307
2019-07-01 $239,900 (4.8%) $259,952 (-3.3%) 0.75 339
2019-08-01 $245,854 (2.9%) $261,764 (-3.6%) 0.77 324
2019-09-01 $251,900 (2.9%) $265,935 (-2.6%) 0.80 313
2019-10-01 $261,000 (8.2%) $267,591 (1.1%) 0.83 307
2019-11-01 $250,000 (9.0%) $267,333 (5.8%) 0.81 298
2019-12-01 $252,728 (15.4%) $268,808 (7.2%) 0.84 276
2020-01-01 $244,350 (15.0%) $270,277 (9.1%) 0.81 240
2020-02-01 $263,150 (18.3%) $271,736 (1.7%) 0.85 222
2020-03-01 $275,350 (20.7%) $288,130 (9.2%) 0.86 211
2020-04-01 $272,700 (14.2%) $299,019 (16.8%) 0.85 195
2020-05-01 $271,500 (10.2%) $296,414 (16.3%) 0.82 197
2020-06-01 $247,500 (3.2%) $285,110 (8.9%) 0.72 202
2020-07-01 $259,900 (8.3%) $302,271 (16.3%) 0.74 185
2020-08-01 $253,000 (2.9%) $298,624 (14.1%) 0.72 163
2020-09-01 $263,028 (4.4%) $293,903 (10.5%) 0.75 167
2020-10-01 $266,556 (2.1%) $291,612 (9.0%) 0.76 153
2020-11-01 $266,450 (6.6%) $289,136 (8.2%) 0.76 137
2020-12-01 $239,950 (-5.1%) $286,698 (6.7%) 0.70 119
2021-01-01 $276,900 (13.3%) $309,777 (14.6%) 0.81 101
2021-02-01 $285,400 (8.5%) $355,805 (30.9%) 0.82 80
2021-03-01 $274,900 (-0.2%) $347,007 (20.4%) 0.77 86
2021-04-01 $287,352 (5.4%) $347,182 (16.1%) 0.77 77
2021-05-01 $270,000 (-0.6%) $314,567 (6.1%) 0.71 89
2021-06-01 $254,950 (3.0%) $293,964 (3.1%) 0.66 124
2021-07-01 $224,900 (-13.5%) $281,799 (-6.8%) 0.58 128
2021-08-01 $224,950 (-11.1%) $270,846 (-9.3%) 0.59 150
2021-09-01 $227,000 (-13.7%) $292,288 (-0.6%) 0.60 137
2021-10-01 $225,000 (-15.6%) $298,922 (2.5%) 0.59 143
2021-11-01 $259,950 (-2.4%) $301,763 (4.4%) 0.69 126
2021-12-01 $279,495 (16.5%) $315,982 (10.2%) 0.75 110
2022-01-01 $303,990 (9.8%) $332,493 (7.3%) 0.81 88
2022-02-01 $309,900 (8.6%) $344,926 (-3.1%) 0.79 83
2022-03-01 $342,495 (24.6%) $347,486 (0.1%) 0.85 91
2022-04-01 $364,900 (27.0%) $384,282 (10.7%) 0.86 92
Lebanon's median listing price for 2022-04-01 was $364,900, a difference of $77,548 (27.0%) versus the prior year and $22,405 versus the prior month.

Lebanon's median listing price comes in at 86% of the national average.

Lebanon's average listing price for 2022-04-01 was $384,282, a difference of $37,100 (10.7%) versus the prior year and $36,796 versus the prior month.

For the 2022-04-01 period, Lebanon had 92 MLS listings, a difference of 1 listings (1%) versus the prior month and 15 listings (19%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lebanon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 107 days 1,702 sqft
2018-02-01 122 days 1,699 sqft
2018-03-01 116 days 1,794 sqft
2018-04-01 79 days 1,760 sqft
2018-05-01 75 days 1,760 sqft
2018-06-01 82 days 1,948 sqft
2018-07-01 87 days 1,955 sqft
2018-08-01 86 days 1,944 sqft
2018-09-01 87 days 1,955 sqft
2018-10-01 97 days 1,935 sqft
2018-11-01 95 days 1,903 sqft
2018-12-01 109 days 1,900 sqft
2019-01-01 112 days 1,904 sqft
2019-02-01 129 days 1,924 sqft
2019-03-01 102 days 1,926 sqft
2019-04-01 45 days 1,936 sqft
2019-05-01 49 days 1,899 sqft
2019-06-01 55 days 1,940 sqft
2019-07-01 58 days 1,895 sqft
2019-08-01 59 days 1,926 sqft
2019-09-01 69 days 1,988 sqft
2019-10-01 72 days 2,066 sqft
2019-11-01 72 days 2,040 sqft
2019-12-01 79 days 2,025 sqft
2020-01-01 87 days 2,022 sqft
2020-02-01 87 days 2,043 sqft
2020-03-01 62 days 2,036 sqft
2020-04-01 71 days 2,017 sqft
2020-05-01 84 days 1,980 sqft
2020-06-01 73 days 1,994 sqft
2020-07-01 54 days 2,014 sqft
2020-08-01 51 days 1,960 sqft
2020-09-01 37 days 1,865 sqft
2020-10-01 60 days 1,780 sqft
2020-11-01 65 days 1,852 sqft
2020-12-01 54 days 1,730 sqft
2021-01-01 70 days 1,770 sqft
2021-02-01 73 days 1,945 sqft
2021-03-01 47 days 1,796 sqft
2021-04-01 35 days 1,822 sqft
2021-05-01 42 days 1,836 sqft
2021-06-01 31 days 1,788 sqft
2021-07-01 37 days 1,555 sqft
2021-08-01 41 days 1,578 sqft
2021-09-01 44 days 1,648 sqft
2021-10-01 39 days 1,621 sqft
2021-11-01 46 days 1,660 sqft
2021-12-01 60 days 1,658 sqft
2022-01-01 80 days 1,728 sqft
2022-02-01 66 days 1,781 sqft
2022-03-01 50 days 1,784 sqft
2022-04-01 46 days 1,880 sqft
Lebanon's median listing age (time on market) for 2022-04-01 was 46 days. This is 33% longer than the same period one year ago.

Lebanon's median square footage for active listings during the 2022-04-01 period was 1,880 sqft. One year prior, the average listing was 1,822 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.