Lock Haven VA Loan Rates, Closing Costs & Stats

Lock Haven, 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.

    Lock Haven's 16 lenders originated 28 VA loans during 2023. The total origination value was $7,170,000, with an average VA loan value of $256,071.

    Lock Haven VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lock Haven averaged 6.7% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

    Lock Haven's average VA mortgage closing costs are $5,172.

    The average rate for the prior week (2024-04-05) was 6.65% and one month ago for the week of 2024-03-08, the average rate was 6.68%.

    The average rate one year ago was 5.98%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.57%.

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

    Lock Haven 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 Lock Haven level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 10 6.72% $4,259
    Century Mortgage Company DBA Century Lending Company 4 6.88% $7,645
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $4,874
    EMM LOANS LLC 1 6.38% $863
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $11,363
    FREEDOM MORTGAGE CORPORATION 1 8.13% $4,024
    GUILD MORTGAGE COMPANY 1 7.13% $6,080
    JPMorgan Chase Bank 1 7.13% $844
    Keystone Funding, Inc. 1 5.75% $23,324
    PENNYMAC LOAN SERVICES, LLC 1 5.13% $2,802
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $7,292
    Prosperity Home Mortgage, LLC 1 6.63% $10,949
    QUICKEN LOANS, LLC 1 6.99% $9,929
    UNITED WHOLESALE MORTGAGE, LLC 1 6.88% $11,181
    USAA Federal Savings Bank 1 7.25% $4,399
    Citizens Bank 1 7.25% $13,536

    The top Lock Haven VA lender as defined by loan originations is Mortgage Research Center, LLC, with 10 VA loans originated. Their average total fees are $4,259, which is $3,386 lower than the next largest lender, Century Mortgage Company DBA Century Lending Company.

    The lowest fee Lock Haven VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,259), .

    The lowest rate Lock Haven VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.72%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lock Haven (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 $153,600 (7.0%) $183,052 (9.5%) 0.00 120
    2018-02-01 $151,050 (0.9%) $179,403 (-9.5%) 0.00 120
    2018-03-01 $152,200 (7.8%) $182,771 (-0.9%) 0.00 115
    2018-04-01 $153,000 (1.4%) $186,627 (-0.8%) 0.00 120
    2018-05-01 $152,000 (-0.3%) $187,046 (-2.7%) 0.00 128
    2018-06-01 $139,900 (-14.9%) $182,821 (-10.7%) 0.00 138
    2018-07-01 $149,600 (-7.9%) $186,681 (-9.4%) 0.00 138
    2018-08-01 $146,375 (-2.4%) $182,989 (-8.1%) 0.00 139
    2018-09-01 $140,000 (-6.6%) $175,847 (-3.7%) 0.00 141
    2018-10-01 $139,700 (-12.0%) $177,556 (-6.8%) 0.00 149
    2018-11-01 $139,600 (-6.9%) $175,490 (-7.3%) 0.00 156
    2018-12-01 $134,900 (-10.0%) $166,477 (-8.0%) 0.00 147
    2019-01-01 $133,200 (-13.3%) $174,248 (-4.8%) 0.00 131
    2019-02-01 $139,700 (-7.5%) $180,613 (0.7%) 0.00 122
    2019-03-01 $136,686 (-10.2%) $181,008 (-1.0%) 0.00 112
    2019-04-01 $134,186 (-12.3%) $175,993 (-5.7%) 0.00 111
    2019-05-01 $138,800 (-8.7%) $181,545 (-2.9%) 0.00 122
    2019-06-01 $145,900 (4.3%) $198,086 (8.4%) 0.00 122
    2019-07-01 $142,400 (-4.8%) $195,180 (4.6%) 0.00 130
    2019-08-01 $140,364 (-4.1%) $191,034 (4.4%) 0.00 142
    2019-09-01 $142,409 (1.7%) $187,029 (6.4%) 0.00 142
    2019-10-01 $144,250 (3.3%) $185,966 (4.7%) 0.00 141
    2019-11-01 $139,900 (0.2%) $187,726 (7.0%) 0.00 133
    2019-12-01 $139,900 (3.7%) $181,327 (8.9%) 0.00 120
    2020-01-01 $137,000 (2.9%) $178,028 (2.2%) 0.00 114
    2020-02-01 $125,000 (-10.5%) $170,630 (-5.5%) 0.00 110
    2020-03-01 $129,900 (-5.0%) $167,401 (-7.5%) 0.00 104
    2020-04-01 $129,914 (-3.2%) $166,490 (-5.4%) 0.00 101
    2020-05-01 $130,000 (-6.3%) $170,627 (-6.0%) 0.00 98
    2020-06-01 $141,403 (-3.1%) $189,084 (-4.5%) 0.00 100
    2020-07-01 $139,900 (-1.8%) $185,513 (-5.0%) 0.00 102
    2020-08-01 $149,000 (6.2%) $188,611 (-1.3%) 0.00 97
    2020-09-01 $128,972 (-9.4%) $170,740 (-8.7%) 0.00 90
    2020-10-01 $125,000 (-13.3%) $164,741 (-11.4%) 0.00 88
    2020-11-01 $139,900 (0.0%) $176,047 (-6.2%) 0.00 91
    2020-12-01 $144,900 (3.6%) $177,373 (-2.2%) 0.00 81
    2021-01-01 $139,200 (1.6%) $190,172 (6.8%) 0.00 60
    2021-02-01 $147,400 (17.9%) $203,643 (19.4%) 0.00 56
    2021-03-01 $148,650 (14.4%) $195,282 (16.7%) 0.00 52
    2021-04-01 $162,450 (25.0%) $202,265 (21.5%) 0.00 45
    2021-05-01 $199,950 (53.8%) $225,188 (32.0%) 0.00 38
    2021-06-01 $206,950 (46.4%) $229,689 (21.5%) 0.00 50
    2021-07-01 $189,000 (35.1%) $226,024 (21.8%) 0.00 53
    2021-08-01 $174,900 (17.4%) $228,364 (21.1%) 0.00 61
    2021-09-01 $165,975 (28.7%) $230,228 (34.8%) 0.00 61
    2021-10-01 $179,900 (43.9%) $239,014 (45.1%) 0.00 64
    2021-11-01 $160,875 (15.0%) $216,099 (22.8%) 0.00 63
    2021-12-01 $152,450 (5.2%) $208,626 (17.6%) 0.00 56
    2022-01-01 $149,900 (7.7%) $204,646 (7.6%) 0.00 49
    2022-02-01 $146,300 (-0.8%) $204,377 (0.4%) 0.00 48
    2022-03-01 $169,900 (14.3%) $231,483 (18.5%) 0.00 44
    2022-04-01 $175,000 (7.7%) $223,044 (10.3%) 0.00 41
    2022-05-01 $196,500 (-1.7%) $242,829 (7.8%) 0.00 49
    2022-06-01 $184,925 (-10.6%) $248,436 (8.2%) 0.00 47
    2022-07-01 $189,950 (0.5%) $264,463 (17.0%) 0.00 57
    2022-08-01 $191,575 (9.5%) $259,482 (13.6%) 0.00 63
    2022-09-01 $183,100 (10.3%) $249,963 (8.6%) 0.00 65
    2022-10-01 $204,250 (13.5%) $254,318 (6.4%) 0.00 52
    2022-11-01 $200,250 (24.5%) $259,373 (20.0%) 0.00 56
    2022-12-01 $195,500 (28.2%) $257,905 (23.6%) 0.00 48
    2023-01-01 $172,450 (15.0%) $251,001 (22.7%) 0.00 38
    2023-02-01 $172,250 (17.7%) $246,032 (20.4%) 0.00 40
    2023-03-01 $197,900 (16.5%) $260,681 (12.6%) 0.00 36
    2023-04-01 $205,200 (17.3%) $251,647 (12.8%) 0.00 43
    2023-05-01 $199,675 (1.6%) $224,384 (-7.6%) 0.00 43
    2023-06-01 $199,925 (8.1%) $218,305 (-12.1%) 0.00 46
    2023-07-01 $199,900 (5.2%) $232,938 (-11.9%) 0.00 47
    2023-08-01 $236,150 (23.3%) $273,116 (5.3%) 0.00 49
    2023-09-01 $238,600 (30.3%) $299,861 (20.0%) 0.00 56
    2023-10-01 $239,700 (17.4%) $303,449 (19.3%) 0.00 56
    2023-11-01 $219,900 (9.8%) $274,686 (5.9%) 0.00 61
    2023-12-01 $199,000 (1.8%) $252,783 (-2.0%) 0.00 58
    2024-01-01 $193,425 (12.2%) $245,972 (-2.0%) 0.00 54
    2024-02-01 $207,400 (20.4%) $272,239 (10.7%) 0.00 49
    2024-03-01 $190,000 (-4.0%) $255,818 (-1.9%) 0.00 54
    Lock Haven's median listing price for 2024-03-01 was $190,000, a difference of $-7,900 (-4.0%) versus the prior year and $-17,400 versus the prior month.

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

    Lock Haven's average listing price for 2024-03-01 was $255,818, a difference of $-4,863 (-1.9%) versus the prior year and $-16,421 versus the prior month.

    For the 2024-03-01 period, Lock Haven had 54 MLS listings, a difference of 5 listings (10%) versus the prior month and 18 listings (50%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lock Haven (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,920 sqft
    2018-02-01 0 days 1,798 sqft
    2018-03-01 0 days 1,596 sqft
    2018-04-01 0 days 1,678 sqft
    2018-05-01 0 days 1,761 sqft
    2018-06-01 0 days 1,768 sqft
    2018-07-01 0 days 1,756 sqft
    2018-08-01 0 days 1,803 sqft
    2018-09-01 0 days 1,758 sqft
    2018-10-01 0 days 1,780 sqft
    2018-11-01 0 days 1,796 sqft
    2018-12-01 0 days 1,761 sqft
    2019-01-01 0 days 1,758 sqft
    2019-02-01 0 days 1,760 sqft
    2019-03-01 0 days 1,743 sqft
    2019-04-01 0 days 1,725 sqft
    2019-05-01 0 days 1,754 sqft
    2019-06-01 0 days 1,800 sqft
    2019-07-01 0 days 1,716 sqft
    2019-08-01 0 days 1,679 sqft
    2019-09-01 0 days 1,651 sqft
    2019-10-01 0 days 1,646 sqft
    2019-11-01 0 days 1,640 sqft
    2019-12-01 0 days 1,639 sqft
    2020-01-01 0 days 1,635 sqft
    2020-02-01 0 days 1,606 sqft
    2020-03-01 0 days 1,634 sqft
    2020-04-01 0 days 1,666 sqft
    2020-05-01 0 days 1,658 sqft
    2020-06-01 0 days 1,660 sqft
    2020-07-01 0 days 1,701 sqft
    2020-08-01 0 days 1,723 sqft
    2020-09-01 0 days 1,640 sqft
    2020-10-01 0 days 1,646 sqft
    2020-11-01 0 days 1,696 sqft
    2020-12-01 0 days 1,815 sqft
    2021-01-01 0 days 1,780 sqft
    2021-02-01 0 days 1,805 sqft
    2021-03-01 0 days 1,789 sqft
    2021-04-01 0 days 1,807 sqft
    2021-05-01 0 days 1,800 sqft
    2021-06-01 0 days 1,870 sqft
    2021-07-01 0 days 1,750 sqft
    2021-08-01 0 days 1,809 sqft
    2021-09-01 0 days 1,803 sqft
    2021-10-01 0 days 1,862 sqft
    2021-11-01 0 days 1,764 sqft
    2021-12-01 0 days 1,776 sqft
    2022-01-01 0 days 1,660 sqft
    2022-02-01 0 days 1,652 sqft
    2022-03-01 0 days 1,759 sqft
    2022-04-01 0 days 1,644 sqft
    2022-05-01 0 days 1,742 sqft
    2022-06-01 0 days 1,751 sqft
    2022-07-01 0 days 1,840 sqft
    2022-08-01 0 days 1,758 sqft
    2022-09-01 0 days 1,734 sqft
    2022-10-01 0 days 1,729 sqft
    2022-11-01 0 days 1,722 sqft
    2022-12-01 0 days 1,781 sqft
    2023-01-01 0 days 1,667 sqft
    2023-02-01 0 days 1,716 sqft
    2023-03-01 0 days 1,728 sqft
    2023-04-01 0 days 1,763 sqft
    2023-05-01 0 days 1,692 sqft
    2023-06-01 0 days 1,746 sqft
    2023-07-01 0 days 1,729 sqft
    2023-08-01 0 days 1,756 sqft
    2023-09-01 0 days 1,755 sqft
    2023-10-01 0 days 1,887 sqft
    2023-11-01 0 days 1,773 sqft
    2023-12-01 0 days 1,731 sqft
    2024-01-01 0 days 1,692 sqft
    2024-02-01 0 days 1,692 sqft
    2024-03-01 0 days 1,680 sqft
    Lock Haven's median listing age (time on market) for 2024-03-01 was 0 days.

    Lock Haven's median square footage for active listings during the 2024-03-01 period was 1,680 sqft. One year prior, the average listing was 1,728 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.