New Castle VA Loan Rates, Closing Costs & Stats

New Castle, 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.

New Castle's 26 lenders originated 82 VA loans during 2024. The total origination value was $19,030,000, with an average VA loan value of $232,073.

New Castle VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in New Castle averaged 6.58% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

New Castle's average VA mortgage closing costs are $5,415.

The average rate for the prior week (2025-03-28) was 6.4% and one month ago for the week of 2025-02-28, the average rate was 6.68%.

The average rate one year ago was 6.79%.

For refis of the same type during the week of 2025-04-04, the average rate was 7.55%.

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

New Castle 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 New Castle level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 27 6.56% $4,491
UNITED WHOLESALE MORTGAGE, LLC 8 6.25% $5,727
USAA Federal Savings Bank 6 6.23% $8,704
QUICKEN LOANS, LLC 6 6.50% $8,699
NAVY FEDERAL CREDIT UNION 4 5.94% $2,723
Union Savings Bank 4 6.22% $1,456
NEW DAY FINANCIAL, LLC 3 7.41% $10,390
HOWARD HANNA FINANCIAL SERVICES, INC. 2 5.88% $5,396
VILLAGE CAPITAL MORTGAGE 2 5.62% $3,917
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $4,125
MOVEMENT MORTGAGE, LLC 1 5.25% $5,295
Nations Lending Corporation 1 7.13% $7,852
NEWREZ LLC 1 6.25% $2,570
UNION HOME MORTGAGE CORP. 1 5.63% $4,553
Victorian Finance, LLC 1 6.75% $0
Wells Fargo Bank 1 7.13% $4,199
Barrington Bank & Trust Company, N.A. 1 6.25% $15,449
WEST PENN FINANCIAL SERVICE CENTER, INC. 1 6.63% $8,297
BAY EQUITY LLC 1 6.75% $6,824
DAS Acquisition Company, LLC 1 6.50% $735
Equity Prime Mortgage LLC 1 7.50% $7,218
EQUITY RESOURCES, INC. 1 6.49% $16,391
EVANSVILLE TEACHERS 1 5.75% $4,827
Flagstar Bank, FSB 1 7.75% $199
FREEDOM MORTGAGE CORPORATION 1 6.63% $3,748
GUARANTEED RATE, INC. 1 6.15% $0

The top New Castle VA lender as defined by loan originations is Mortgage Research Center, LLC, with 27 VA loans originated. Their average total fees are $4,491, which is $1,236 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee New Castle VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,491), .

The lowest rate New Castle VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.56%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - New Castle (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 $85,000 (3.2%) $131,829 (3.2%) 0.00 447
2018-02-01 $82,150 (1.5%) $132,459 (2.0%) 0.00 436
2018-03-01 $79,900 (-7.3%) $131,124 (-4.1%) 0.00 445
2018-04-01 $85,000 (-1.1%) $139,475 (2.4%) 0.00 445
2018-05-01 $89,900 (9.6%) $141,326 (3.1%) 0.00 462
2018-06-01 $89,900 (4.7%) $143,533 (4.7%) 0.00 480
2018-07-01 $104,450 (16.2%) $149,117 (5.4%) 0.00 472
2018-08-01 $113,100 (29.5%) $149,620 (8.5%) 0.00 504
2018-09-01 $107,000 (19.9%) $146,891 (8.0%) 0.00 493
2018-10-01 $104,700 (16.5%) $146,333 (7.9%) 0.00 488
2018-11-01 $104,475 (16.2%) $143,687 (4.1%) 0.00 495
2018-12-01 $99,900 (17.7%) $144,266 (10.8%) 0.00 479
2019-01-01 $89,575 (5.4%) $133,254 (1.1%) 0.00 453
2019-02-01 $89,925 (9.5%) $131,838 (-0.5%) 0.00 431
2019-03-01 $93,329 (16.8%) $135,395 (3.3%) 0.00 428
2019-04-01 $97,329 (14.5%) $141,432 (1.4%) 0.00 433
2019-05-01 $96,975 (7.9%) $140,645 (-0.5%) 0.00 429
2019-06-01 $99,500 (10.7%) $145,916 (1.7%) 0.00 428
2019-07-01 $98,625 (-5.6%) $140,602 (-5.7%) 0.00 436
2019-08-01 $98,318 (-13.1%) $142,192 (-5.0%) 0.00 441
2019-09-01 $98,420 (-8.0%) $145,129 (-1.2%) 0.00 441
2019-10-01 $98,500 (-5.9%) $148,207 (1.3%) 0.00 443
2019-11-01 $99,500 (-4.8%) $153,827 (7.1%) 0.00 431
2019-12-01 $98,125 (-1.8%) $152,189 (5.5%) 0.00 411
2020-01-01 $99,000 (10.5%) $152,590 (14.5%) 0.00 388
2020-02-01 $99,900 (11.1%) $159,495 (21.0%) 0.00 367
2020-03-01 $109,950 (17.8%) $161,231 (19.1%) 0.00 370
2020-04-01 $117,100 (20.3%) $162,690 (15.0%) 0.00 363
2020-05-01 $115,000 (18.6%) $158,747 (12.9%) 0.00 355
2020-06-01 $99,900 (0.4%) $162,354 (11.3%) 0.00 304
2020-07-01 $127,450 (29.2%) $170,420 (21.2%) 0.00 284
2020-08-01 $119,900 (22.0%) $169,862 (19.5%) 0.00 256
2020-09-01 $129,900 (32.0%) $174,588 (20.3%) 0.00 250
2020-10-01 $119,900 (21.7%) $164,755 (11.2%) 0.00 257
2020-11-01 $112,675 (13.2%) $164,559 (7.0%) 0.00 252
2020-12-01 $109,425 (11.5%) $169,834 (11.6%) 0.00 232
2021-01-01 $116,500 (17.7%) $167,125 (9.5%) 0.00 189
2021-02-01 $108,200 (8.3%) $173,063 (8.5%) 0.00 151
2021-03-01 $142,000 (29.2%) $192,914 (19.7%) 0.00 127
2021-04-01 $131,700 (12.5%) $191,931 (18.0%) 0.00 120
2021-05-01 $149,950 (30.4%) $198,547 (25.1%) 0.00 119
2021-06-01 $139,900 (40.0%) $194,355 (19.7%) 0.00 138
2021-07-01 $139,950 (9.8%) $195,531 (14.7%) 0.00 153
2021-08-01 $129,800 (8.3%) $185,321 (9.1%) 0.00 188
2021-09-01 $123,050 (-5.3%) $184,350 (5.6%) 0.00 171
2021-10-01 $129,900 (8.3%) $187,752 (14.0%) 0.00 181
2021-11-01 $144,975 (28.7%) $198,762 (20.8%) 0.00 170
2021-12-01 $129,925 (18.7%) $192,915 (13.6%) 0.00 157
2022-01-01 $135,000 (15.9%) $196,063 (17.3%) 0.00 141
2022-02-01 $143,450 (32.6%) $205,674 (18.8%) 0.00 121
2022-03-01 $152,475 (7.4%) $198,299 (2.8%) 0.00 100
2022-04-01 $149,900 (13.8%) $185,213 (-3.5%) 0.00 110
2022-05-01 $173,200 (15.5%) $209,154 (5.3%) 0.00 113
2022-06-01 $159,375 (13.9%) $203,706 (4.8%) 0.00 143
2022-07-01 $149,400 (6.8%) $194,467 (-0.5%) 0.00 185
2022-08-01 $149,900 (15.5%) $199,762 (7.8%) 0.00 187
2022-09-01 $138,700 (12.7%) $191,724 (4.0%) 0.00 205
2022-10-01 $139,000 (7.0%) $188,970 (0.7%) 0.00 223
2022-11-01 $139,900 (-3.5%) $193,151 (-2.8%) 0.00 205
2022-12-01 $137,500 (5.8%) $259,181 (34.4%) 0.00 201
2023-01-01 $129,950 (-3.7%) $267,641 (36.5%) 0.00 183
2023-02-01 $132,400 (-7.7%) $200,973 (-2.3%) 0.00 154
2023-03-01 $129,900 (-14.8%) $198,272 (0.0%) 0.00 153
2023-04-01 $139,950 (-6.6%) $203,028 (9.6%) 0.00 148
2023-05-01 $139,925 (-19.2%) $205,507 (-1.7%) 0.00 148
2023-06-01 $130,975 (-17.8%) $198,084 (-2.8%) 0.00 152
2023-07-01 $147,200 (-1.5%) $207,780 (6.9%) 0.00 159
2023-08-01 $145,375 (-3.0%) $204,578 (2.4%) 0.00 159
2023-09-01 $145,000 (4.5%) $204,311 (6.6%) 0.00 153
2023-10-01 $134,450 (-3.3%) $187,599 (-0.7%) 0.00 177
2023-11-01 $137,200 (-1.9%) $186,755 (-3.3%) 0.00 187
2023-12-01 $139,750 (1.6%) $188,725 (-27.2%) 0.00 178
2024-01-01 $134,500 (3.5%) $185,914 (-30.5%) 0.00 180
2024-02-01 $129,950 (-1.9%) $184,148 (-8.4%) 0.00 177
2024-03-01 $135,000 (3.9%) $186,475 (-6.0%) 0.00 149
2024-04-01 $154,900 (10.7%) $193,403 (-4.7%) 0.00 134
2024-05-01 $159,900 (14.3%) $216,699 (5.5%) 0.00 121
2024-06-01 $164,950 (25.9%) $228,019 (15.1%) 0.00 137
2024-07-01 $159,900 (8.6%) $221,410 (6.6%) 0.00 174
2024-08-01 $154,900 (6.6%) $219,511 (7.3%) 0.00 178
2024-09-01 $149,900 (3.4%) $202,939 (-0.7%) 0.00 221
2024-10-01 $134,999 (0.4%) $200,150 (6.7%) 0.00 222
2024-11-01 $115,000 (-16.2%) $183,583 (-1.7%) 0.00 249
2024-12-01 $110,000 (-21.3%) $186,196 (-1.3%) 0.00 247
New Castle's median listing price for 2024-12-01 was $110,000, a difference of $-29,750 (-21.3%) versus the prior year and $-5,000 versus the prior month.

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

New Castle's average listing price for 2024-12-01 was $186,196, a difference of $-2,529 (-1.3%) versus the prior year and $2,613 versus the prior month.

For the 2024-12-01 period, New Castle had 247 MLS listings, a difference of -2 listings (-1%) versus the prior month and 69 listings (39%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - New Castle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,450 sqft
2018-02-01 0 days 1,450 sqft
2018-03-01 0 days 1,499 sqft
2018-04-01 0 days 1,560 sqft
2018-05-01 0 days 1,560 sqft
2018-06-01 0 days 1,560 sqft
2018-07-01 0 days 1,562 sqft
2018-08-01 0 days 1,544 sqft
2018-09-01 0 days 1,512 sqft
2018-10-01 0 days 1,518 sqft
2018-11-01 0 days 1,522 sqft
2018-12-01 0 days 1,480 sqft
2019-01-01 0 days 1,450 sqft
2019-02-01 0 days 1,467 sqft
2019-03-01 0 days 1,470 sqft
2019-04-01 0 days 1,466 sqft
2019-05-01 0 days 1,466 sqft
2019-06-01 0 days 1,483 sqft
2019-07-01 0 days 1,467 sqft
2019-08-01 0 days 1,459 sqft
2019-09-01 0 days 1,464 sqft
2019-10-01 0 days 1,468 sqft
2019-11-01 0 days 1,486 sqft
2019-12-01 0 days 1,474 sqft
2020-01-01 0 days 1,473 sqft
2020-02-01 0 days 1,490 sqft
2020-03-01 0 days 1,506 sqft
2020-04-01 0 days 1,536 sqft
2020-05-01 0 days 1,536 sqft
2020-06-01 0 days 1,524 sqft
2020-07-01 0 days 1,541 sqft
2020-08-01 0 days 1,536 sqft
2020-09-01 0 days 1,550 sqft
2020-10-01 0 days 1,494 sqft
2020-11-01 0 days 1,470 sqft
2020-12-01 0 days 1,462 sqft
2021-01-01 0 days 1,455 sqft
2021-02-01 0 days 1,471 sqft
2021-03-01 0 days 1,534 sqft
2021-04-01 0 days 1,520 sqft
2021-05-01 0 days 1,524 sqft
2021-06-01 0 days 1,512 sqft
2021-07-01 0 days 1,584 sqft
2021-08-01 0 days 1,500 sqft
2021-09-01 0 days 1,478 sqft
2021-10-01 0 days 1,495 sqft
2021-11-01 0 days 1,515 sqft
2021-12-01 0 days 1,478 sqft
2022-01-01 0 days 1,485 sqft
2022-02-01 0 days 1,490 sqft
2022-03-01 0 days 1,507 sqft
2022-04-01 0 days 1,466 sqft
2022-05-01 0 days 1,560 sqft
2022-06-01 0 days 1,504 sqft
2022-07-01 0 days 1,500 sqft
2022-08-01 0 days 1,524 sqft
2022-09-01 0 days 1,528 sqft
2022-10-01 0 days 1,472 sqft
2022-11-01 0 days 1,472 sqft
2022-12-01 0 days 1,405 sqft
2023-01-01 0 days 1,415 sqft
2023-02-01 0 days 1,427 sqft
2023-03-01 0 days 1,444 sqft
2023-04-01 0 days 1,456 sqft
2023-05-01 0 days 1,441 sqft
2023-06-01 0 days 1,464 sqft
2023-07-01 0 days 1,562 sqft
2023-08-01 0 days 1,584 sqft
2023-09-01 0 days 1,509 sqft
2023-10-01 0 days 1,440 sqft
2023-11-01 0 days 1,467 sqft
2023-12-01 0 days 1,488 sqft
2024-01-01 0 days 1,476 sqft
2024-02-01 0 days 1,464 sqft
2024-03-01 0 days 1,424 sqft
2024-04-01 0 days 1,480 sqft
2024-05-01 0 days 1,551 sqft
2024-06-01 0 days 1,452 sqft
2024-07-01 0 days 1,454 sqft
2024-08-01 0 days 1,456 sqft
2024-09-01 0 days 1,458 sqft
2024-10-01 0 days 1,458 sqft
2024-11-01 0 days 1,444 sqft
2024-12-01 0 days 1,443 sqft
New Castle's median listing age (time on market) for 2024-12-01 was 0 days.

New Castle's median square footage for active listings during the 2024-12-01 period was 1,443 sqft. One year prior, the average listing was 1,488 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.