Lewistown VA Loan Rates, Closing Costs & Stats

Lewistown, 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.

    Lewistown's 16 lenders originated 36 VA loans during 2023. The total origination value was $7,970,000, with an average VA loan value of $221,389.

    Lewistown VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lewistown averaged 6.34% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Lewistown's average VA mortgage closing costs are $5,515.

    The average rate for the prior week (2024-12-06) was 6.27% and one month ago for the week of 2024-11-08, the average rate was 6.47%.

    The average rate one year ago was 6.61%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.08%.

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

    Lewistown 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 Lewistown level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 11 7.06% $7,485
    UNITED WHOLESALE MORTGAGE, LLC 5 6.47% $7,625
    NEW DAY FINANCIAL, LLC 3 7.62% $9,738
    NAVY FEDERAL CREDIT UNION 2 5.75% $3,728
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.81% $9,979
    GUARANTEED RATE, INC. 2 6.31% $1,702
    Flagstar Bank, FSB 1 6.25% $0
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $11,941
    Citizens Bank 1 5.75% $12,147
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $4,996
    NFM, INC. 1 6.13% $0
    NORWICH COMMERCIAL GROUP, INC. 1 7.75% $3,660
    QUICKEN LOANS, LLC 1 7.49% $7,537
    RELIANCE FIRST CAPITAL, LLC 1 7.63% $4,376
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.38% $25,313
    CMG MORTGAGE, INC. 1 7.25% $5,169

    The top Lewistown VA lender as defined by loan originations is Mortgage Research Center, LLC, with 11 VA loans originated. Their average total fees are $7,485, which is $140 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lewistown VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,485), .

    The lowest rate Lewistown VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (7.06%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lewistown (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 $107,000 (-1.7%) $133,166 (-4.9%) 0.00 145
    2018-02-01 $107,000 (1.7%) $130,133 (-5.0%) 0.00 158
    2018-03-01 $119,000 (9.7%) $130,242 (-3.2%) 0.00 153
    2018-04-01 $114,725 (2.2%) $130,943 (-6.2%) 0.00 141
    2018-05-01 $120,000 (4.4%) $133,078 (-6.0%) 0.00 130
    2018-06-01 $109,900 (-5.3%) $129,765 (-8.9%) 0.00 131
    2018-07-01 $129,925 (13.0%) $139,124 (-1.3%) 0.00 126
    2018-08-01 $126,850 (5.8%) $139,314 (-0.8%) 0.00 130
    2018-09-01 $119,900 (-1.6%) $130,682 (-6.3%) 0.00 132
    2018-10-01 $123,750 (3.6%) $137,559 (-0.5%) 0.00 130
    2018-11-01 $120,375 (6.1%) $134,617 (0.5%) 0.00 135
    2018-12-01 $109,900 (-5.9%) $125,933 (-7.0%) 0.00 130
    2019-01-01 $103,225 (-3.5%) $119,433 (-10.3%) 0.00 142
    2019-02-01 $104,500 (-2.3%) $121,929 (-6.3%) 0.00 133
    2019-03-01 $105,714 (-11.2%) $127,939 (-1.8%) 0.00 127
    2019-04-01 $104,964 (-8.5%) $134,207 (2.5%) 0.00 111
    2019-05-01 $127,400 (6.2%) $144,647 (8.7%) 0.00 102
    2019-06-01 $120,000 (9.2%) $144,182 (11.1%) 0.00 98
    2019-07-01 $121,725 (-6.3%) $138,674 (-0.3%) 0.00 109
    2019-08-01 $115,391 (-9.0%) $134,990 (-3.1%) 0.00 107
    2019-09-01 $117,927 (-1.7%) $139,072 (6.4%) 0.00 102
    2019-10-01 $119,618 (-3.3%) $141,299 (2.7%) 0.00 97
    2019-11-01 $90,500 (-24.8%) $126,770 (-5.8%) 0.00 92
    2019-12-01 $97,925 (-10.9%) $126,878 (0.8%) 0.00 87
    2020-01-01 $98,075 (-5.0%) $127,575 (6.8%) 0.00 72
    2020-02-01 $92,500 (-11.5%) $137,463 (12.7%) 0.00 64
    2020-03-01 $112,225 (6.2%) $137,512 (7.5%) 0.00 68
    2020-04-01 $113,125 (7.8%) $147,567 (10.0%) 0.00 67
    2020-05-01 $110,000 (-13.7%) $152,226 (5.2%) 0.00 62
    2020-06-01 $110,000 (-8.3%) $143,002 (-0.8%) 0.00 68
    2020-07-01 $124,900 (2.6%) $143,678 (3.6%) 0.00 63
    2020-08-01 $125,000 (8.3%) $156,251 (15.8%) 0.00 54
    2020-09-01 $128,175 (8.7%) $171,246 (23.1%) 0.00 52
    2020-10-01 $120,000 (0.3%) $156,396 (10.7%) 0.00 50
    2020-11-01 $126,236 (39.5%) $156,494 (23.5%) 0.00 44
    2020-12-01 $126,236 (28.9%) $150,400 (18.5%) 0.00 36
    2021-01-01 $139,950 (42.7%) $168,542 (32.1%) 0.00 35
    2021-02-01 $138,700 (50.0%) $168,183 (22.4%) 0.00 34
    2021-03-01 $143,725 (28.1%) $168,562 (22.6%) 0.00 27
    2021-04-01 $135,000 (19.3%) $156,138 (5.8%) 0.00 25
    2021-05-01 $125,618 (14.2%) $156,689 (2.9%) 0.00 26
    2021-06-01 $125,618 (14.2%) $174,857 (22.3%) 0.00 27
    2021-07-01 $125,000 (0.1%) $180,099 (25.4%) 0.00 38
    2021-08-01 $132,809 (6.3%) $183,012 (17.1%) 0.00 47
    2021-09-01 $135,000 (5.3%) $183,369 (7.1%) 0.00 47
    2021-10-01 $135,000 (12.5%) $169,105 (8.1%) 0.00 45
    2021-11-01 $134,000 (6.2%) $179,136 (14.5%) 0.00 39
    2021-12-01 $139,700 (10.7%) $178,387 (18.6%) 0.00 37
    2022-01-01 $169,000 (20.8%) $207,071 (22.9%) 0.00 31
    2022-02-01 $170,900 (23.2%) $215,499 (28.1%) 0.00 27
    2022-03-01 $166,475 (15.8%) $214,198 (27.1%) 0.00 29
    2022-04-01 $181,990 (34.8%) $214,584 (37.4%) 0.00 37
    2022-05-01 $176,425 (40.5%) $215,621 (37.6%) 0.00 35
    2022-06-01 $166,175 (32.3%) $198,111 (13.3%) 0.00 36
    2022-07-01 $159,000 (27.2%) $183,262 (1.8%) 0.00 42
    2022-08-01 $166,175 (25.1%) $217,388 (18.8%) 0.00 41
    2022-09-01 $142,625 (5.7%) $200,693 (9.5%) 0.00 45
    2022-10-01 $172,500 (27.8%) $209,785 (24.1%) 0.00 39
    2022-11-01 $174,925 (30.5%) $209,059 (16.7%) 0.00 40
    2022-12-01 $145,000 (3.8%) $193,462 (8.5%) 0.00 44
    2023-01-01 $141,150 (-16.5%) $195,689 (-5.5%) 0.00 40
    2023-02-01 $152,225 (-10.9%) $186,620 (-13.4%) 0.00 29
    2023-03-01 $146,500 (-12.0%) $213,694 (-0.2%) 0.00 26
    2023-04-01 $146,950 (-19.3%) $197,479 (-8.0%) 0.00 28
    2023-05-01 $217,400 (23.2%) $223,039 (3.4%) 0.00 22
    2023-06-01 $219,900 (32.3%) $240,592 (21.4%) 0.00 28
    2023-07-01 $222,450 (39.9%) $245,243 (33.8%) 0.00 32
    2023-08-01 $202,175 (21.7%) $205,521 (-5.5%) 0.00 32
    2023-09-01 $184,950 (29.7%) $198,426 (-1.1%) 0.00 30
    2023-10-01 $129,900 (-24.7%) $180,129 (-14.1%) 0.00 51
    2023-11-01 $128,450 (-26.6%) $181,345 (-13.3%) 0.00 49
    2023-12-01 $174,900 (20.6%) $191,716 (-0.9%) 0.00 47
    2024-01-01 $172,400 (22.1%) $189,735 (-3.0%) 0.00 47
    2024-02-01 $191,175 (25.6%) $204,033 (9.3%) 0.00 43
    2024-03-01 $224,900 (53.5%) $209,566 (-1.9%) 0.00 53
    2024-04-01 $221,175 (50.5%) $230,345 (16.6%) 0.00 47
    2024-05-01 $224,900 (3.5%) $256,312 (14.9%) 0.00 57
    2024-06-01 $234,900 (6.8%) $272,810 (13.4%) 0.00 61
    2024-07-01 $220,000 (-1.1%) $266,485 (8.7%) 0.00 62
    2024-08-01 $210,000 (3.9%) $274,275 (33.5%) 0.00 55
    2024-09-01 $211,125 (14.2%) $265,325 (33.7%) 0.00 62
    2024-10-01 $204,500 (57.4%) $257,933 (43.2%) 0.00 69
    2024-11-01 $209,500 (63.1%) $243,024 (34.0%) 0.00 65
    Lewistown's median listing price for 2024-11-01 was $209,500, a difference of $81,050 (63.1%) versus the prior year and $5,000 versus the prior month.

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

    Lewistown's average listing price for 2024-11-01 was $243,024, a difference of $61,679 (34.0%) versus the prior year and $-14,909 versus the prior month.

    For the 2024-11-01 period, Lewistown had 65 MLS listings, a difference of -4 listings (-6%) versus the prior month and 16 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lewistown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,415 sqft
    2018-02-01 0 days 1,412 sqft
    2018-03-01 0 days 1,387 sqft
    2018-04-01 0 days 1,408 sqft
    2018-05-01 0 days 1,419 sqft
    2018-06-01 0 days 1,422 sqft
    2018-07-01 0 days 1,410 sqft
    2018-08-01 0 days 1,388 sqft
    2018-09-01 0 days 1,392 sqft
    2018-10-01 0 days 1,516 sqft
    2018-11-01 0 days 1,496 sqft
    2018-12-01 0 days 1,413 sqft
    2019-01-01 0 days 1,445 sqft
    2019-02-01 0 days 1,416 sqft
    2019-03-01 0 days 1,400 sqft
    2019-04-01 0 days 1,392 sqft
    2019-05-01 0 days 1,469 sqft
    2019-06-01 0 days 1,456 sqft
    2019-07-01 0 days 1,365 sqft
    2019-08-01 0 days 1,346 sqft
    2019-09-01 0 days 1,349 sqft
    2019-10-01 0 days 1,352 sqft
    2019-11-01 0 days 1,352 sqft
    2019-12-01 0 days 1,418 sqft
    2020-01-01 0 days 1,415 sqft
    2020-02-01 0 days 1,436 sqft
    2020-03-01 0 days 1,450 sqft
    2020-04-01 0 days 1,452 sqft
    2020-05-01 0 days 1,482 sqft
    2020-06-01 0 days 1,441 sqft
    2020-07-01 0 days 1,459 sqft
    2020-08-01 0 days 1,482 sqft
    2020-09-01 0 days 1,541 sqft
    2020-10-01 0 days 1,658 sqft
    2020-11-01 0 days 1,858 sqft
    2020-12-01 0 days 1,826 sqft
    2021-01-01 0 days 2,008 sqft
    2021-02-01 0 days 2,045 sqft
    2021-03-01 0 days 2,042 sqft
    2021-04-01 0 days 1,866 sqft
    2021-05-01 0 days 1,684 sqft
    2021-06-01 0 days 1,462 sqft
    2021-07-01 0 days 1,533 sqft
    2021-08-01 0 days 1,492 sqft
    2021-09-01 0 days 1,483 sqft
    2021-10-01 0 days 1,474 sqft
    2021-11-01 0 days 1,527 sqft
    2021-12-01 0 days 1,508 sqft
    2022-01-01 0 days 1,517 sqft
    2022-02-01 0 days 1,664 sqft
    2022-03-01 0 days 1,700 sqft
    2022-04-01 0 days 1,684 sqft
    2022-05-01 0 days 1,634 sqft
    2022-06-01 0 days 1,550 sqft
    2022-07-01 0 days 1,680 sqft
    2022-08-01 0 days 1,548 sqft
    2022-09-01 0 days 1,438 sqft
    2022-10-01 0 days 1,599 sqft
    2022-11-01 0 days 1,487 sqft
    2022-12-01 0 days 1,500 sqft
    2023-01-01 0 days 1,500 sqft
    2023-02-01 0 days 1,408 sqft
    2023-03-01 0 days 1,533 sqft
    2023-04-01 0 days 1,495 sqft
    2023-05-01 0 days 1,483 sqft
    2023-06-01 0 days 1,495 sqft
    2023-07-01 0 days 1,844 sqft
    2023-08-01 0 days 1,510 sqft
    2023-09-01 0 days 1,564 sqft
    2023-10-01 0 days 1,399 sqft
    2023-11-01 0 days 1,431 sqft
    2023-12-01 0 days 1,540 sqft
    2024-01-01 0 days 1,658 sqft
    2024-02-01 0 days 1,637 sqft
    2024-03-01 0 days 1,432 sqft
    2024-04-01 0 days 1,362 sqft
    2024-05-01 0 days 1,440 sqft
    2024-06-01 0 days 1,376 sqft
    2024-07-01 0 days 1,391 sqft
    2024-08-01 0 days 1,336 sqft
    2024-09-01 0 days 1,436 sqft
    2024-10-01 0 days 1,366 sqft
    2024-11-01 0 days 1,388 sqft
    Lewistown's median listing age (time on market) for 2024-11-01 was 0 days.

    Lewistown's median square footage for active listings during the 2024-11-01 period was 1,388 sqft. One year prior, the average listing was 1,431 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.