Lebanon VA Loan Rates, Closing Costs & Stats

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 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.

    Lebanon's 44 lenders originated 125 VA loans during 2023. The total origination value was $37,105,000, with an average VA loan value of $296,840.

    Lebanon VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lebanon averaged 0.31% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Lebanon's average VA mortgage closing costs are $6,711.

    The average rate for the prior week (2024-11-08) was 6.42% and one month ago for the week of 2024-10-11, the average rate was 6.19%.

    The average rate one year ago was 7.48%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.2%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Lebanon level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 22 6.65% $7,772
    QUICKEN LOANS, LLC 11 6.13% $15,179
    CROSSCOUNTRY MORTGAGE, LLC 7 7.00% $10,582
    CARDINAL FINANCIAL 5 6.38% $5,288
    FREEDOM MORTGAGE CORPORATION 5 6.55% $18,638
    UNITED WHOLESALE MORTGAGE, LLC 4 6.09% $7,659
    GUILD MORTGAGE COMPANY 4 6.47% $12,870
    NEW DAY FINANCIAL, LLC 4 7.75% $15,272
    EMM LOANS LLC 4 6.16% $15,114
    VILLAGE CAPITAL MORTGAGE 3 6.00% $7,364
    CMG MORTGAGE, INC. 3 7.50% $10,935
    SUCCESS MORTGAGE PARTNERS, INC. 3 6.04% $15,568
    PENNYMAC LOAN SERVICES, LLC 2 5.13% $7,549
    LOANDEPOT.COM, LLC 2 7.31% $14,369
    MEMBERS 1ST FEDERAL CREDIT UNION 2 5.88% $6,518
    Paramount Residential Mortgage Group, Inc. 2 6.19% $10,249
    MOVEMENT MORTGAGE, LLC 2 6.50% $4,757
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.69% $6,291
    Citizens Bank 2 6.31% $10,792
    GUARANTEED RATE AFFINITY, LLC 2 6.75% $3,962
    USAA Federal Savings Bank 2 6.56% $11,524
    PENTAGON FEDERAL CREDIT UNION 2 5.50% $9,719
    NBKC BANK 1 5.63% $9,651
    BROKER SOLUTIONS, INC. 1 6.25% $11,703
    Carrington Mortgage Services, LLC 1 7.63% $11,935
    CHURCHILL MORTGAGE CORPORATION 1 6.75% $16,894
    First National Bank of Pennsylvania 1 6.25% $10,058
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $10,884
    Homesale Mortgage, LLC 1 6.63% $12,015
    HOMESTEAD FUNDING CORP. 1 6.50% $2,888
    LAKEVIEW LOAN SERVICING, LLC 1 5.63% $7,467
    Mid-Continent Funding, Inc. 1 5.50% $8,041
    MORTGAGE ACCESS CORP. 1 7.25% $14,939
    Mortgage America, Inc. 1 7.75% $12,471
    NATIONS DIRECT MORTGAGE, LLC 1 7.25% $8,889
    NAVY FEDERAL CREDIT UNION 1 5.88% $739
    AmeriHome Mortgage Company, LLC 1 6.50% $14,252
    NEWREZ LLC 1 7.75% $10,573
    Northpointe Bank 1 5.75% $18,772
    Plains Commerce Bank 1 6.75% $10,663
    PLANET HOME LENDING, LLC 1 6.38% $22,076
    PNC Bank 1 7.63% $3,136
    The Federal Savings Bank 1 6.75% $16,558
    UNION HOME MORTGAGE CORP. 1 6.00% $8,276

    The top Lebanon VA lender as defined by loan originations is Mortgage Research Center, LLC, with 22 VA loans originated. Their average total fees are $7,772, which is $7,406 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Lebanon VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,772), QUICKEN LOANS, LLC ($15,179), .

    The lowest rate Lebanon VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.13%), Mortgage Research Center, LLC (6.65%), .

    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 $199,800 (-2.0%) $223,202 (1.0%) 0.74 465
    2018-02-01 $203,560 (0.7%) $223,328 (1.3%) 0.74 459
    2018-03-01 $222,900 (7.7%) $243,081 (6.5%) 0.78 437
    2018-04-01 $218,300 (4.0%) $247,799 (6.7%) 0.74 453
    2018-05-01 $220,475 (4.9%) $255,461 (11.2%) 0.73 449
    2018-06-01 $224,900 (7.3%) $261,679 (13.9%) 0.75 463
    2018-07-01 $228,600 (8.4%) $264,785 (15.4%) 0.76 447
    2018-08-01 $242,050 (15.3%) $269,965 (18.8%) 0.81 413
    2018-09-01 $244,900 (16.6%) $270,133 (17.5%) 0.82 419
    2018-10-01 $241,345 (14.7%) $265,116 (16.9%) 0.82 410
    2018-11-01 $229,900 (15.0%) $252,692 (12.4%) 0.78 413
    2018-12-01 $218,000 (9.1%) $249,524 (10.2%) 0.75 395
    2019-01-01 $213,950 (7.1%) $247,518 (10.9%) 0.74 360
    2019-02-01 $230,448 (13.2%) $264,013 (18.2%) 0.78 338
    2019-03-01 $236,761 (6.2%) $262,780 (8.1%) 0.77 314
    2019-04-01 $244,725 (12.1%) $258,263 (4.2%) 0.78 315
    2019-05-01 $249,700 (13.3%) $259,482 (1.6%) 0.78 306
    2019-06-01 $245,900 (9.3%) $268,584 (2.6%) 0.77 328
    2019-07-01 $246,611 (7.9%) $264,745 (0.0%) 0.77 363
    2019-08-01 $253,173 (4.6%) $268,432 (-0.6%) 0.80 353
    2019-09-01 $260,332 (6.3%) $273,582 (1.3%) 0.83 339
    2019-10-01 $264,605 (9.6%) $274,912 (3.7%) 0.85 324
    2019-11-01 $263,900 (14.8%) $273,193 (8.1%) 0.87 313
    2019-12-01 $255,556 (17.2%) $271,294 (8.7%) 0.85 291
    2020-01-01 $249,900 (16.8%) $272,976 (10.3%) 0.84 252
    2020-02-01 $258,556 (12.2%) $277,820 (5.2%) 0.85 230
    2020-03-01 $272,350 (15.0%) $287,944 (9.6%) 0.86 210
    2020-04-01 $264,228 (8.0%) $298,970 (15.8%) 0.84 192
    2020-05-01 $258,678 (3.6%) $298,985 (15.2%) 0.79 195
    2020-06-01 $252,114 (2.5%) $293,575 (9.3%) 0.74 201
    2020-07-01 $256,175 (3.9%) $303,547 (14.7%) 0.75 177
    2020-08-01 $247,300 (-2.3%) $297,896 (11.0%) 0.71 155
    2020-09-01 $251,250 (-3.5%) $294,152 (7.5%) 0.72 158
    2020-10-01 $248,900 (-5.9%) $288,333 (4.9%) 0.71 147
    2020-11-01 $254,656 (-3.5%) $288,210 (5.5%) 0.75 127
    2020-12-01 $219,225 (-14.2%) $282,711 (4.2%) 0.66 109
    2021-01-01 $269,950 (8.0%) $316,282 (15.9%) 0.82 94
    2021-02-01 $281,882 (9.0%) $361,812 (30.2%) 0.82 75
    2021-03-01 $251,125 (-7.8%) $337,480 (17.2%) 0.71 82
    2021-04-01 $275,325 (4.2%) $345,332 (15.5%) 0.75 70
    2021-05-01 $250,250 (-3.3%) $314,682 (5.3%) 0.67 82
    2021-06-01 $238,000 (-5.6%) $291,813 (-0.6%) 0.63 112
    2021-07-01 $212,000 (-17.2%) $274,771 (-9.5%) 0.56 120
    2021-08-01 $210,405 (-14.9%) $259,506 (-12.9%) 0.57 138
    2021-09-01 $224,900 (-10.5%) $290,557 (-1.2%) 0.60 130
    2021-10-01 $220,000 (-11.6%) $294,432 (2.1%) 0.59 135
    2021-11-01 $233,625 (-8.3%) $301,578 (4.6%) 0.63 119
    2021-12-01 $243,725 (11.2%) $310,367 (9.8%) 0.67 101
    2022-01-01 $269,900 (0.0%) $330,990 (4.7%) 0.73 80
    2022-02-01 $264,950 (-6.0%) $338,432 (-6.5%) 0.69 72
    2022-03-01 $296,325 (18.0%) $342,994 (1.6%) 0.74 79
    2022-04-01 $337,450 (22.6%) $384,382 (11.3%) 0.80 84
    2022-05-01 $315,925 (26.2%) $379,538 (20.6%) 0.72 100
    2022-06-01 $299,950 (26.0%) $378,755 (29.8%) 0.67 115
    2022-07-01 $291,450 (37.5%) $351,234 (27.8%) 0.66 124
    2022-08-01 $295,000 (40.2%) $350,294 (35.0%) 0.68 131
    2022-09-01 $325,950 (44.9%) $351,295 (20.9%) 0.76 147
    2022-10-01 $349,163 (58.7%) $349,992 (18.9%) 0.82 151
    2022-11-01 $344,123 (47.3%) $348,090 (15.4%) 0.83 144
    2022-12-01 $366,450 (50.4%) $366,437 (18.1%) 0.90 111
    2023-01-01 $389,875 (44.5%) $384,889 (16.3%) 0.97 101
    2023-02-01 $376,928 (42.3%) $362,870 (7.2%) 0.91 114
    2023-03-01 $372,428 (25.7%) $356,119 (3.8%) 0.88 120
    2023-04-01 $379,900 (12.6%) $397,696 (3.5%) 0.88 126
    2023-05-01 $384,750 (21.8%) $429,681 (13.2%) 0.87 135
    2023-06-01 $387,000 (29.0%) $421,732 (11.4%) 0.87 144
    2023-07-01 $380,950 (30.7%) $416,746 (18.7%) 0.87 136
    2023-08-01 $387,500 (31.4%) $418,290 (19.4%) 0.89 141
    2023-09-01 $372,400 (14.3%) $388,150 (10.5%) 0.87 145
    2023-10-01 $368,445 (5.5%) $375,810 (7.4%) 0.87 146
    2023-11-01 $366,741 (6.6%) $363,370 (4.4%) 0.87 145
    2023-12-01 $370,000 (1.0%) $368,483 (0.6%) 0.00 155
    2024-01-01 $369,698 (-5.2%) $368,695 (-4.2%) 0.00 152
    2024-02-01 $371,969 (-1.3%) $375,530 (3.5%) 0.00 159
    2024-03-01 $373,600 (0.3%) $385,674 (8.3%) 0.00 163
    2024-04-01 $390,400 (2.8%) $411,028 (3.4%) 0.00 172
    2024-05-01 $395,575 (2.8%) $415,666 (-3.3%) 0.00 178
    2024-06-01 $400,000 (3.4%) $417,866 (-0.9%) 0.00 194
    2024-07-01 $394,075 (3.5%) $417,088 (0.1%) 0.00 215
    2024-08-01 $400,000 (3.2%) $427,861 (2.3%) 0.00 199
    2024-09-01 $408,900 (9.8%) $428,151 (10.3%) 0.00 212
    2024-10-01 $387,450 (5.2%) $404,993 (7.8%) 0.00 239
    Lebanon's median listing price for 2024-10-01 was $387,450, a difference of $19,005 (5.2%) versus the prior year and $-21,450 versus the prior month.

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

    Lebanon's average listing price for 2024-10-01 was $404,993, a difference of $29,183 (7.8%) versus the prior year and $-23,158 versus the prior month.

    For the 2024-10-01 period, Lebanon had 239 MLS listings, a difference of 27 listings (13%) versus the prior month and 93 listings (64%) 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 84 days 1,715 sqft
    2018-02-01 91 days 1,708 sqft
    2018-03-01 75 days 1,792 sqft
    2018-04-01 57 days 1,756 sqft
    2018-05-01 52 days 1,759 sqft
    2018-06-01 61 days 1,933 sqft
    2018-07-01 65 days 1,961 sqft
    2018-08-01 64 days 1,962 sqft
    2018-09-01 63 days 1,972 sqft
    2018-10-01 69 days 1,936 sqft
    2018-11-01 73 days 1,904 sqft
    2018-12-01 79 days 1,893 sqft
    2019-01-01 84 days 1,889 sqft
    2019-02-01 100 days 1,902 sqft
    2019-03-01 71 days 1,907 sqft
    2019-04-01 34 days 1,911 sqft
    2019-05-01 39 days 1,870 sqft
    2019-06-01 42 days 1,893 sqft
    2019-07-01 43 days 1,885 sqft
    2019-08-01 48 days 1,946 sqft
    2019-09-01 54 days 2,020 sqft
    2019-10-01 59 days 2,077 sqft
    2019-11-01 62 days 2,078 sqft
    2019-12-01 67 days 2,048 sqft
    2020-01-01 67 days 2,045 sqft
    2020-02-01 63 days 2,040 sqft
    2020-03-01 52 days 2,011 sqft
    2020-04-01 65 days 2,011 sqft
    2020-05-01 74 days 1,982 sqft
    2020-06-01 37 days 2,024 sqft
    2020-07-01 39 days 2,031 sqft
    2020-08-01 38 days 1,984 sqft
    2020-09-01 27 days 1,876 sqft
    2020-10-01 43 days 1,818 sqft
    2020-11-01 45 days 1,901 sqft
    2020-12-01 50 days 1,715 sqft
    2021-01-01 57 days 1,770 sqft
    2021-02-01 53 days 1,956 sqft
    2021-03-01 32 days 1,812 sqft
    2021-04-01 27 days 1,861 sqft
    2021-05-01 28 days 1,831 sqft
    2021-06-01 22 days 1,770 sqft
    2021-07-01 30 days 1,544 sqft
    2021-08-01 33 days 1,560 sqft
    2021-09-01 32 days 1,629 sqft
    2021-10-01 34 days 1,621 sqft
    2021-11-01 39 days 1,668 sqft
    2021-12-01 47 days 1,637 sqft
    2022-01-01 56 days 1,712 sqft
    2022-02-01 37 days 1,773 sqft
    2022-03-01 36 days 1,796 sqft
    2022-04-01 32 days 1,931 sqft
    2022-05-01 21 days 1,879 sqft
    2022-06-01 26 days 1,924 sqft
    2022-07-01 31 days 1,830 sqft
    2022-08-01 35 days 1,812 sqft
    2022-09-01 30 days 1,877 sqft
    2022-10-01 38 days 1,871 sqft
    2022-11-01 48 days 1,847 sqft
    2022-12-01 65 days 1,924 sqft
    2023-01-01 88 days 1,933 sqft
    2023-02-01 51 days 1,830 sqft
    2023-03-01 49 days 1,808 sqft
    2023-04-01 55 days 1,940 sqft
    2023-05-01 43 days 1,993 sqft
    2023-06-01 50 days 1,998 sqft
    2023-07-01 65 days 1,970 sqft
    2023-08-01 59 days 1,959 sqft
    2023-09-01 36 days 1,896 sqft
    2023-10-01 43 days 1,903 sqft
    2023-11-01 42 days 1,888 sqft
    2023-12-01 0 days 1,874 sqft
    2024-01-01 0 days 1,909 sqft
    2024-02-01 0 days 1,913 sqft
    2024-03-01 0 days 1,940 sqft
    2024-04-01 0 days 2,028 sqft
    2024-05-01 0 days 1,977 sqft
    2024-06-01 0 days 1,905 sqft
    2024-07-01 0 days 1,880 sqft
    2024-08-01 0 days 1,887 sqft
    2024-09-01 0 days 1,905 sqft
    2024-10-01 0 days 1,890 sqft
    Lebanon's median listing age (time on market) for 2024-10-01 was 0 days. This is -100% shorter than the same period one year ago.

    Lebanon's median square footage for active listings during the 2024-10-01 period was 1,890 sqft. One year prior, the average listing was 1,903 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.