Lebanon VA Loans

LEBANON, 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 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.