Lebanon VA Loan Rates, Closing Costs & Stats

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 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 6.58% for the week of 2024-07-12, compared to the national average (all VA variants) of 6.364% for the same period.

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

The average rate for the prior week (2024-07-05) was 6.49% and one month ago for the week of 2024-06-07, the average rate was 6.8%.

The average rate one year ago was 7.08%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.56%.

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%) $424,957 (0.8%) 0.00 194
Lebanon's median listing price for 2024-06-01 was $400,000, a difference of $13,000 (3.4%) versus the prior year and $4,425 versus the prior month.

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

Lebanon's average listing price for 2024-06-01 was $424,957, a difference of $3,225 (0.8%) versus the prior year and $9,291 versus the prior month.

For the 2024-06-01 period, Lebanon had 194 MLS listings, a difference of 16 listings (9%) versus the prior month and 50 listings (35%) 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
Lebanon's median listing age (time on market) for 2024-06-01 was 0 days. This is -100% shorter than the same period one year ago.

Lebanon's median square footage for active listings during the 2024-06-01 period was 1,905 sqft. One year prior, the average listing was 1,998 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.