Meadville VA Loan Rates, Closing Costs & Stats

Meadville, 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.

Meadville's 23 lenders originated 51 VA loans during 2023. The total origination value was $9,395,000, with an average VA loan value of $184,216.

Meadville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Meadville averaged 7.02% for the week of 2024-03-22, compared to the national average (all VA variants) of 6.539% for the same period.

Meadville's average VA mortgage closing costs are $4,921.

The average rate for the prior week (2024-03-15) was 6.73% and one month ago for the week of 2024-02-16, the average rate was 6.86%.

The average rate one year ago was 6.59%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.74%.

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

Meadville 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 Meadville level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 16 6.77% $5,202
QUICKEN LOANS, LLC 4 5.90% $8,976
NAVY FEDERAL CREDIT UNION 3 5.92% $6,733
UNION HOME MORTGAGE CORP. 3 7.17% $7,704
Equity Prime Mortgage LLC 2 7.25% $7,592
BROKER SOLUTIONS, INC. 2 6.50% $8,399
HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.31% $7,144
EQUITY RESOURCES, INC. 2 6.25% $4,561
Northwest Bank 1 6.13% $3,502
PENNYMAC LOAN SERVICES, LLC 1 6.13% $4,052
PLANET HOME LENDING, LLC 1 7.63% $9,376
PNC Bank 1 7.13% $2,763
The Federal Savings Bank 1 6.25% $11,471
TIDEWATER MORTGAGE SERVICES, INC. 1 6.75% $8,271
AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $2,736
UNITED WHOLESALE MORTGAGE, LLC 1 7.12% $2,280
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $11,709
Carrington Mortgage Services, LLC 1 3.38% $2,673
GUARANTEED RATE, INC. 1 5.75% $7,399
LAKEVIEW LOAN SERVICING, LLC 1 5.75% $8,505
LOANDEPOT.COM, LLC 1 7.50% $16,352
Mid-Continent Funding, Inc. 1 7.50% $6,498
NEW DAY FINANCIAL, LLC 1 6.99% $12,547

The top Meadville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 16 VA loans originated. Their average total fees are $5,202, which is $3,774 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Meadville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,202), .

The lowest rate Meadville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.77%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Meadville (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 $112,450 (-6.6%) $158,179 (-0.4%) 0.00 330
2018-02-01 $107,750 (-10.2%) $155,248 (-6.7%) 0.00 339
2018-03-01 $112,750 (-6.0%) $159,254 (-4.9%) 0.00 350
2018-04-01 $116,250 (-3.9%) $165,428 (-2.4%) 0.00 347
2018-05-01 $116,250 (-8.1%) $163,935 (-0.6%) 0.00 368
2018-06-01 $119,900 (-0.5%) $165,581 (0.8%) 0.00 379
2018-07-01 $124,950 (-1.6%) $167,905 (-1.6%) 0.00 382
2018-08-01 $126,500 (-0.4%) $167,673 (-0.8%) 0.00 395
2018-09-01 $125,000 (2.5%) $163,301 (-4.8%) 0.00 397
2018-10-01 $125,000 (5.3%) $167,639 (0.0%) 0.00 396
2018-11-01 $125,500 (5.5%) $171,921 (3.1%) 0.00 376
2018-12-01 $125,000 (7.3%) $169,463 (4.1%) 0.00 367
2019-01-01 $127,450 (13.3%) $168,352 (6.4%) 0.00 352
2019-02-01 $122,575 (13.8%) $167,128 (7.7%) 0.00 338
2019-03-01 $122,857 (9.0%) $163,122 (2.4%) 0.00 325
2019-04-01 $125,000 (7.5%) $163,454 (-1.2%) 0.00 316
2019-05-01 $128,988 (11.0%) $169,726 (3.5%) 0.00 326
2019-06-01 $129,450 (8.0%) $172,741 (4.3%) 0.00 320
2019-07-01 $138,500 (10.8%) $175,273 (4.4%) 0.00 334
2019-08-01 $136,736 (8.1%) $171,856 (2.5%) 0.00 335
2019-09-01 $132,666 (6.1%) $167,249 (2.4%) 0.00 330
2019-10-01 $129,000 (3.2%) $163,108 (-2.7%) 0.00 325
2019-11-01 $124,900 (-0.5%) $163,082 (-5.1%) 0.00 312
2019-12-01 $126,750 (1.4%) $163,707 (-3.4%) 0.00 273
2020-01-01 $125,800 (-1.3%) $162,852 (-3.3%) 0.00 258
2020-02-01 $127,500 (4.0%) $161,706 (-3.2%) 0.00 249
2020-03-01 $131,000 (6.6%) $167,172 (2.5%) 0.00 241
2020-04-01 $129,750 (3.8%) $165,768 (1.4%) 0.00 237
2020-05-01 $140,000 (8.5%) $173,916 (2.5%) 0.00 227
2020-06-01 $149,450 (15.5%) $182,254 (5.5%) 0.00 221
2020-07-01 $149,450 (7.9%) $183,444 (4.7%) 0.00 205
2020-08-01 $139,000 (1.7%) $185,030 (7.7%) 0.00 187
2020-09-01 $145,000 (9.3%) $189,406 (13.3%) 0.00 160
2020-10-01 $138,250 (7.2%) $177,106 (8.6%) 0.00 162
2020-11-01 $136,875 (9.6%) $182,759 (12.1%) 0.00 150
2020-12-01 $134,975 (6.5%) $183,456 (12.1%) 0.00 135
2021-01-01 $132,350 (5.2%) $189,065 (16.1%) 0.00 117
2021-02-01 $130,300 (2.2%) $197,770 (22.3%) 0.00 96
2021-03-01 $127,400 (-2.8%) $195,693 (17.1%) 0.00 77
2021-04-01 $132,450 (2.1%) $218,785 (32.0%) 0.00 70
2021-05-01 $148,500 (6.1%) $220,070 (26.5%) 0.00 91
2021-06-01 $154,900 (3.7%) $230,720 (26.6%) 0.00 102
2021-07-01 $159,900 (7.0%) $221,854 (20.9%) 0.00 110
2021-08-01 $153,225 (10.2%) $216,785 (17.2%) 0.00 121
2021-09-01 $161,950 (11.7%) $216,742 (14.4%) 0.00 110
2021-10-01 $140,000 (1.3%) $197,775 (11.7%) 0.00 113
2021-11-01 $150,425 (9.9%) $204,803 (12.1%) 0.00 102
2021-12-01 $139,975 (3.7%) $203,841 (11.1%) 0.00 98
2022-01-01 $139,900 (5.7%) $207,749 (9.9%) 0.00 92
2022-02-01 $133,725 (2.6%) $189,928 (-4.0%) 0.00 83
2022-03-01 $130,000 (2.0%) $193,930 (-0.9%) 0.00 77
2022-04-01 $137,450 (3.8%) $195,439 (-10.7%) 0.00 82
2022-05-01 $145,333 (-2.1%) $210,612 (-4.3%) 0.00 87
2022-06-01 $164,400 (6.1%) $223,961 (-2.9%) 0.00 102
2022-07-01 $149,900 (-6.3%) $226,889 (2.3%) 0.00 119
2022-08-01 $154,925 (1.1%) $223,453 (3.1%) 0.00 124
2022-09-01 $182,950 (13.0%) $231,926 (7.0%) 0.00 119
2022-10-01 $180,000 (28.6%) $262,307 (32.6%) 0.00 122
2022-11-01 $188,250 (25.2%) $274,907 (34.2%) 0.00 109
2022-12-01 $180,000 (28.6%) $270,796 (32.9%) 0.00 103
2023-01-01 $165,800 (18.5%) $267,988 (29.0%) 0.00 92
2023-02-01 $158,500 (18.5%) $265,930 (40.0%) 0.00 81
2023-03-01 $172,250 (32.5%) $308,561 (59.1%) 0.00 73
2023-04-01 $225,000 (63.7%) $370,159 (89.4%) 0.00 68
2023-05-01 $211,150 (45.3%) $358,081 (70.0%) 0.00 75
2023-06-01 $229,950 (39.9%) $351,247 (56.8%) 0.00 84
2023-07-01 $204,950 (36.7%) $332,683 (46.6%) 0.00 88
2023-08-01 $186,000 (20.1%) $289,282 (29.5%) 0.00 108
2023-09-01 $172,400 (-5.8%) $236,178 (1.8%) 0.00 103
2023-10-01 $179,000 (-0.6%) $258,811 (-1.3%) 0.00 105
2023-11-01 $171,200 (-9.1%) $255,914 (-6.9%) 0.00 104
2023-12-01 $169,900 (-5.6%) $232,604 (-14.1%) 0.00 98
2024-01-01 $172,500 (4.0%) $234,711 (-12.4%) 0.00 99
2024-02-01 $170,600 (7.6%) $243,028 (-8.6%) 0.00 97
Meadville's median listing price for 2024-02-01 was $170,600, a difference of $12,100 (7.6%) versus the prior year and $-1,900 versus the prior month.

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

Meadville's average listing price for 2024-02-01 was $243,028, a difference of $-22,902 (-8.6%) versus the prior year and $8,317 versus the prior month.

For the 2024-02-01 period, Meadville had 97 MLS listings, a difference of -2 listings (-2%) versus the prior month and 16 listings (20%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Meadville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,600 sqft
2018-02-01 0 days 1,586 sqft
2018-03-01 0 days 1,593 sqft
2018-04-01 0 days 1,606 sqft
2018-05-01 0 days 1,619 sqft
2018-06-01 0 days 1,632 sqft
2018-07-01 0 days 1,619 sqft
2018-08-01 0 days 1,628 sqft
2018-09-01 0 days 1,650 sqft
2018-10-01 0 days 1,650 sqft
2018-11-01 0 days 1,670 sqft
2018-12-01 0 days 1,650 sqft
2019-01-01 0 days 1,649 sqft
2019-02-01 0 days 1,632 sqft
2019-03-01 0 days 1,568 sqft
2019-04-01 0 days 1,549 sqft
2019-05-01 0 days 1,596 sqft
2019-06-01 0 days 1,600 sqft
2019-07-01 0 days 1,610 sqft
2019-08-01 0 days 1,607 sqft
2019-09-01 0 days 1,594 sqft
2019-10-01 0 days 1,577 sqft
2019-11-01 0 days 1,535 sqft
2019-12-01 0 days 1,551 sqft
2020-01-01 0 days 1,533 sqft
2020-02-01 0 days 1,514 sqft
2020-03-01 0 days 1,595 sqft
2020-04-01 0 days 1,607 sqft
2020-05-01 0 days 1,626 sqft
2020-06-01 0 days 1,700 sqft
2020-07-01 0 days 1,652 sqft
2020-08-01 0 days 1,679 sqft
2020-09-01 0 days 1,715 sqft
2020-10-01 0 days 1,642 sqft
2020-11-01 0 days 1,647 sqft
2020-12-01 0 days 1,656 sqft
2021-01-01 0 days 1,645 sqft
2021-02-01 0 days 1,636 sqft
2021-03-01 0 days 1,651 sqft
2021-04-01 0 days 1,738 sqft
2021-05-01 0 days 1,700 sqft
2021-06-01 0 days 1,671 sqft
2021-07-01 0 days 1,742 sqft
2021-08-01 0 days 1,706 sqft
2021-09-01 0 days 1,682 sqft
2021-10-01 0 days 1,581 sqft
2021-11-01 0 days 1,685 sqft
2021-12-01 0 days 1,668 sqft
2022-01-01 0 days 1,668 sqft
2022-02-01 0 days 1,576 sqft
2022-03-01 0 days 1,515 sqft
2022-04-01 0 days 1,569 sqft
2022-05-01 0 days 1,573 sqft
2022-06-01 0 days 1,640 sqft
2022-07-01 0 days 1,600 sqft
2022-08-01 0 days 1,669 sqft
2022-09-01 0 days 1,761 sqft
2022-10-01 0 days 1,680 sqft
2022-11-01 0 days 1,713 sqft
2022-12-01 0 days 1,536 sqft
2023-01-01 0 days 1,464 sqft
2023-02-01 0 days 1,464 sqft
2023-03-01 0 days 1,483 sqft
2023-04-01 0 days 1,618 sqft
2023-05-01 0 days 1,568 sqft
2023-06-01 0 days 1,641 sqft
2023-07-01 0 days 1,626 sqft
2023-08-01 0 days 1,564 sqft
2023-09-01 0 days 1,584 sqft
2023-10-01 0 days 1,623 sqft
2023-11-01 0 days 1,647 sqft
2023-12-01 0 days 1,626 sqft
2024-01-01 0 days 1,600 sqft
2024-02-01 0 days 1,533 sqft
Meadville's median listing age (time on market) for 2024-02-01 was 0 days.

Meadville's median square footage for active listings during the 2024-02-01 period was 1,533 sqft. One year prior, the average listing was 1,464 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.