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 41 lenders originated 164 VA loans during 2024. The total origination value was $53,300,000, with an average VA loan value of $325,000.

    Lebanon VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lebanon averaged 0.56% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Lebanon's average VA mortgage closing costs are $6,993.

    The average rate for the prior week (2025-06-13) was 6.71% and one month ago for the week of 2025-05-16, the average rate was 6.67%.

    The average rate one year ago was 7.07%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.09%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 27 6.40% $7,678
    UNITED WHOLESALE MORTGAGE, LLC 17 5.99% $12,592
    CROSSCOUNTRY MORTGAGE, LLC 14 6.70% $9,182
    QUICKEN LOANS, LLC 12 6.05% $11,063
    FREEDOM MORTGAGE CORPORATION 11 6.34% $10,409
    NEW DAY FINANCIAL, LLC 8 7.16% $9,549
    NAVY FEDERAL CREDIT UNION 5 6.00% $8,324
    PENNYMAC LOAN SERVICES, LLC 4 5.81% $9,190
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.72% $9,645
    USAA Federal Savings Bank 4 6.03% $8,531
    MOVEMENT MORTGAGE, LLC 4 6.25% $10,985
    VILLAGE CAPITAL MORTGAGE 3 5.92% $7,222
    First Federal Bank 3 5.88% $11,091
    GUILD MORTGAGE COMPANY 3 6.08% $14,150
    LOANDEPOT.COM, LLC 3 5.37% $25,816
    NEWREZ LLC 3 5.75% $6,369
    The Federal Savings Bank 2 6.69% $22,166
    NATIONS DIRECT MORTGAGE, LLC 2 6.56% $12,676
    CLEARPATH LENDING 2 5.50% $4,450
    FIRST HERITAGE FINANCIAL, LLC 2 5.56% $10,817
    CMG MORTGAGE, INC. 2 5.75% $7,635
    Equity Prime Mortgage LLC 2 7.00% $7,396
    AMERISAVE MORTGAGE CORPORATION 1 7.75% $8,026
    NFM, INC. 1 5.63% $3,243
    Northpointe Bank 1 6.13% $0
    Old National Bank 1 6.00% $4,494
    Paramount Residential Mortgage Group, Inc. 1 6.63% $8,142
    Credence Funding Corporation 1 5.63% $4,759
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.13% $8,661
    Prosperity Home Mortgage, LLC 1 5.75% $10,980
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.13% $6,725
    UNION HOME MORTGAGE CORP. 1 7.00% $8,517
    Carrington Mortgage Services, LLC 1 5.75% $12,318
    Homesale Mortgage, LLC 1 6.75% $10,672
    U.S. Bank 1 5.63% $7,160
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.25% $21,537
    MEMBER ADVANTAGE MORTGAGE, LLC 1 6.50% $12,494
    MEMBERS 1ST FEDERAL CREDIT UNION 1 5.63% $3,803
    GUARANTEED RATE AFFINITY, LLC 1 5.75% $7,197
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.25% $4,783
    GSF Mortgage Corporation 1 7.75% $15,324

    The top Lebanon VA lender as defined by loan originations is Mortgage Research Center, LLC, with 27 VA loans originated. Their average total fees are $7,678, which is $4,914 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lebanon VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,678), CROSSCOUNTRY MORTGAGE, LLC ($9,182), FREEDOM MORTGAGE CORPORATION ($10,409), QUICKEN LOANS, LLC ($11,063) and UNITED WHOLESALE MORTGAGE, LLC ($12,592).

    The lowest rate Lebanon VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.99%), QUICKEN LOANS, LLC (6.05%), FREEDOM MORTGAGE CORPORATION (6.34%), Mortgage Research Center, LLC (6.40%) and CROSSCOUNTRY MORTGAGE, LLC (6.70%).

    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.