Philadelphia VA Loan Rates, Closing Costs & Stats

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

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.

Philadelphia's 219 lenders originated 5,244 VA loans during 2022. The total origination value was $1,750,720,000, with an average VA loan value of $333,852.

Philadelphia VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Philadelphia averaged 5.99% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

Philadelphia's average VA mortgage closing costs are $6,919.

The average rate for the prior week (2023-05-19) was 5.92% and one month ago for the week of 2023-04-21, the average rate was 6.14%.

The average rate one year ago was 5.01%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.01%.

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

Philadelphia 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 Philadelphia level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 756 5.03% $9,018
QUICKEN LOANS, LLC 365 4.13% $11,603
NAVY FEDERAL CREDIT UNION 261 3.87% $8,826
UNITED WHOLESALE MORTGAGE, LLC 256 4.47% $10,622
FREEDOM MORTGAGE CORPORATION 229 4.23% $12,646
USAA Federal Savings Bank 165 4.31% $9,578
NEW DAY FINANCIAL, LLC 156 5.16% $12,462
PENNYMAC LOAN SERVICES, LLC 143 3.33% $9,466
CROSSCOUNTRY MORTGAGE, LLC 137 4.68% $12,601
LOANDEPOT.COM, LLC 126 4.02% $11,334
MOVEMENT MORTGAGE, LLC 89 4.89% $8,200
Mr. Cooper ( Nationstar Mortgage ) 86 4.62% $10,982
NVR Mortgage Finance, Inc. 84 4.15% $8,271
GUARANTEED RATE, INC. 80 4.67% $7,608
The Federal Savings Bank 71 4.80% $16,093
GREENTREE MORTGAGE COMPANY, L.P. 69 4.82% $8,746
Prosperity Home Mortgage, LLC 67 4.69% $9,711
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 58 4.71% $11,337
NFM, INC. 52 4.83% $10,656
NEWREZ LLC 49 4.24% $8,903
CALIBER HOME LOANS, INC. 46 4.52% $11,325
HOME POINT FINANCIAL CORPORATION 43 3.82% $10,268
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 42 5.02% $10,803
DHI MORTGAGE COMPANY, LTD. 40 4.11% $11,981
Citizens Bank 40 4.54% $11,518
AMERISAVE MORTGAGE CORPORATION 36 4.40% $14,157
Wells Fargo Bank 35 4.03% $5,868
FINANCE OF AMERICA MORTGAGE LLC 35 4.50% $11,700
Meridian Bank Corporation 33 4.69% $10,425
ALLIED MORTGAGE GROUP, INC. 33 4.84% $8,998
PENTAGON FEDERAL CREDIT UNION 32 3.58% $7,395
Barrington Bank & Trust Company, N.A. 32 4.52% $8,004
GUILD MORTGAGE COMPANY 32 4.36% $12,902
Carrington Mortgage Services, LLC 30 4.22% $10,133
PIKE CREEK MORTGAGE SERVICES, INC. 29 5.12% $12,176
VILLAGE CAPITAL MORTGAGE 28 3.86% $9,138
CLEARPATH LENDING 27 3.92% $11,276
GUARANTEED RATE AFFINITY, LLC 27 4.54% $8,907
MORTGAGE ACCESS CORP. 26 5.31% $10,966
Acre Mortgage and Financial Inc 25 4.98% $12,842
CARDINAL FINANCIAL 25 4.61% $11,332
LAKEVIEW LOAN SERVICING, LLC 24 3.32% $7,350
Huntingdon Valley Bank 23 4.71% $12,083
NATION ONE MORTGAGE CORPORATION 23 4.95% $11,008
Flagstar Bank, FSB 23 4.41% $11,353
CMG MORTGAGE, INC. 22 4.69% $9,873
BROKER SOLUTIONS, INC. 22 4.97% $14,204
ABSOLUTE HOME MORTGAGE CORPORATION 22 5.09% $12,443
Gateway First Bank 21 4.49% $9,069
MUTUAL OF OMAHA MORTGAGE, INC. 21 4.44% $12,556
SUCCESS MORTGAGE PARTNERS, INC. 19 5.03% $13,534
Magnolia Bank 19 4.45% $14,418
Paramount Residential Mortgage Group, Inc. 19 4.65% $11,408
EMM LOANS LLC 18 4.79% $8,151
PRIMARY RESIDENTIAL MORTGAGE, INC. 18 4.95% $12,138
Mid-Continent Funding, Inc. 18 4.63% $9,556
EAGLE HOME MORTGAGE, LLC 18 4.51% $10,550
ENVOY MORTGAGE, LTD 17 5.59% $10,389
Equity Prime Mortgage LLC 16 5.24% $8,677
NBKC BANK 15 3.97% $12,571
PRIMELENDING, A PLAINSCAPITAL COMPANY 15 4.68% $9,610
Mortgage America, Inc. 14 4.68% $6,370
CONTOUR MORTGAGE CORPORATION 13 4.26% $14,978
Northpointe Bank 13 5.24% $9,733
HOMEBRIDGE FINANCIAL SERVICES, INC. 13 4.48% $8,689
RELIANCE FIRST CAPITAL, LLC 11 4.64% $10,665
North American Savings Bank, F.S.B. 11 4.17% $10,681
HOMESIDE FINANCIAL, LLC 10 3.93% $10,741
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 10 4.58% $15,051
M&T Bank 10 3.70% $5,085
Advisors Mortgage Group, L.L.C. 10 5.00% $9,454
UNION HOME MORTGAGE CORP. 9 5.00% $12,395
DRAPER AND KRAMER MORTGAGE CORP. 9 5.14% $15,582
MCLEAN MORTGAGE CORPORATION 9 4.81% $6,792
PLANET HOME LENDING, LLC 9 3.74% $9,675
NETWORK CAPITAL FUNDING CORPORATION 9 3.96% $7,498
Nations Lending Corporation 9 5.25% $12,569
Univest Bank and Trust Co. 9 4.71% $9,809
MORTGAGE SOLUTIONS OF COLORADO, LLC 8 5.67% $10,725
Hometown Lenders, Inc. 7 5.23% $12,428
PNC Bank 7 4.00% $9,257
SOVEREIGN LENDING GROUP INCORPORATED 7 4.02% $11,182
Wilmington Savings Fund Society, FSB 7 4.80% $7,115
SUN WEST MORTGAGE COMPANY, INC. 7 4.11% $14,948
Armed Forces Bank 7 4.61% $11,498
LOANPAL, LLC 7 4.25% $13,489
Low VA Rates, LLC 7 4.09% $9,496
First Home Bank 6 4.79% $15,081
Texana Bank 6 4.65% $10,132
GUARANTY HOME MORTGAGE CORPORATION 6 3.98% $13,014
Evolve Bank & Trust 6 4.90% $7,931
ROUNDPOINT MORTGAGE SERVICING CORPORATION 6 4.10% $11,516
Towne Bank 6 4.25% $10,813
TIDEWATER MORTGAGE SERVICES, INC. 6 4.75% $12,073
Plains Commerce Bank 5 5.40% $10,461
Republic Bank 5 4.58% $7,927
SOUTHERN TRUST MORTGAGE, LLC 5 3.55% $12,790
Summit Mortgage Corporation 5 4.98% $9,432
PREMIA MORTGAGE, LLC 5 4.12% $8,324
PLAZA HOME MORTGAGE, INC. 5 4.52% $10,372
JPMorgan Chase Bank 5 4.23% $14,237
BAYSHORE MORTGAGE FUNDING, LLC 4 5.25% $16,301
ACADEMY MORTGAGE CORPORATION 4 3.97% $9,847
Atlantic Coast Mortgage, LLC 4 4.16% $10,831
Bank of America 4 3.22% $8,426
BNC National Bank 4 3.75% $9,071
DIRECT MORTGAGE LOANS, LLC 4 5.19% $9,294
EVERETT FINANCIAL, INC. 4 5.28% $6,199
First Guaranty Mortgage Corporation 4 3.50% $6,815
Florida Capital Bank 4 3.84% $10,992
MDE Home Loans, LLC 4 4.56% $10,779
NP, Inc. 4 2.75% $10,154
Princeton Mortgage Corporation 4 3.31% $8,200
T2 FINANCIAL LLC 4 3.91% $27,401
U.S. Bank 4 4.72% $13,388
ARC HOME LLC 3 4.08% $6,235
George Mason Mortgage, LLC 3 3.71% $4,955
HOMEAMERICAN MORTGAGE CORPORATION 3 2.88% $5,095
TOWNE MORTGAGE COMPANY 3 4.71% $9,933
1st Colonial Community Bank 3 5.71% $11,612
EMBRACE HOME LOANS, INC. 3 4.58% $13,767
TBI MORTGAGE COMPANY 3 3.13% $18,598
Philadelphia Mortgage Advisors, Inc. 3 3.92% $9,894
DEVELOPER'S MORTGAGE COMPANY 3 5.04% $15,773
HomePromise Corporation 3 6.00% $13,908
FIRST HOME MORTGAGE CORPORATION 3 5.38% $3,990
Mortgage Network, Inc. 3 4.63% $16,692
Mid Penn Bank 3 5.62% $10,437
CHERRY CREEK MORTGAGE, LLC 3 4.83% $12,117
First Federal Bank 3 5.74% $8,024
NJ LENDERS CORP. 3 4.63% $7,520
Lakeview Community Capital, LLC 3 3.58% $7,140
PANORAMA MORTGAGE GROUP, LLC 3 5.38% $20,598
NATIONS DIRECT MORTGAGE, LLC 3 4.79% $6,332
ABERDEEN PROVING GROUND FEDERAL CREDIT UNION 2 4.19% $9,499
The Central Trust Bank 2 3.44% $8,530
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.81% $5,949
GENEVA FINANCIAL, LLC 2 5.69% $6,254
Fulton Bank 2 4.54% $5,202
APEX HOME LOANS, INC. 2 4.44% $6,652
Farmers & Stockmens Bank 2 5.13% $32,618
PHH Mortgage Corporation 2 4.50% $7,335
Mutual Federal Bank 2 5.63% $13,228
AMERICAN FINANCING CORPORATION 2 5.88% $19,211
Colonial Savings, F.A. 2 5.38% $13,422
MLB RESIDENTIAL LENDING, LLC 2 4.88% $17,408
LEADERONE FINANCIAL CORPORATION 2 5.25% $16,828
Firstrust Savings Bank 2 4.00% $6,178
KELLER MORTGAGE, LLC 2 4.25% $10,576
CHURCHILL MORTGAGE CORPORATION 2 3.69% $15,394
GSF Mortgage Corporation 2 6.38% $7,139
FIRST HERITAGE FINANCIAL, LLC 2 4.31% $7,733
Quaint Oak Mortgage, LLC 2 6.13% $7,252
HOMESPIRE MORTGAGE CORPORATION 2 5.38% $6,391
BOND STREET MORTGAGE, LLC 2 4.19% $12,491
RESIDENTIAL HOME FUNDING CORP. 2 4.44% $6,978
FirstBank 2 2.56% $2,676
FIRST ALLIANCE HOME MORTGAGE, LLC 2 5.75% $8,000
Service Federal Credit Union 2 3.75% $3,029
Financial Freedom Mortgage, LLC 2 4.94% $4,713
BAY EQUITY LLC 2 5.06% $11,386
Strong Home Mortgage, LLC 2 3.44% $5,517
BAY CAPITAL MORTGAGE CORPORATION 2 4.00% $9,139
Northeast Equitable Mortgage, LLC 2 4.75% $13,030
SWBC MORTGAGE CORPORATION 2 4.75% $4,475
NORWICH COMMERCIAL GROUP, INC. 2 5.00% $23,423
TD Bank 2 3.50% $12,760
AmRes Corporation 1 4.38% $4,687
HOWARD HANNA FINANCIAL SERVICES, INC. 1 5.63% $8,672
AMERICAN FINANCIAL RESOURCES, INC. 1 3.50% $4,616
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 4.75% $11,150
MICHIGAN MUTUAL, INC. 1 6.25% $5,681
MID AMERICA MORTGAGE, INC. 1 6.50% $3,647
Great Southern Bank 1 5.25% $4,621
First United Bank and Trust Company 1 4.88% $5,140
First Savings Bank 1 5.13% $15,015
MY MORTGAGE, INC. 1 4.63% $16,571
First Option Mortgage, LLC 1 4.00% $5,182
NBH Bank 1 3.99% $8,242
First Federal Bank of Kansas City 1 6.63% $5,749
NEW FED MORTGAGE, CORP. 1 4.88% $12,234
Fifth Third Bank 1 3.13% $4,079
FEDERATED LENDING CORPORATION 1 6.63% $12,126
FBC MORTGAGE, LLC 1 4.88% $9,460
PINNACLE MORTGAGE, INC. 1 3.25% $23,829
CRESCENT MORTGAGE COMPANY 1 4.88% $5,437
Community First National Bank 1 4.25% $22,308
CityWorth Mortgage LLC 1 4.75% $19,874
POLARIS HOME FUNDING CORP. 1 5.25% $18,208
CIS Financial Services, Inc. 1 6.50% $7,787
Presidential Bank, FSB 1 3.63% $25,742
Prime Choice Funding Inc. 1 2.37% $20,419
Wyndham Capital Mortgage, Inc. 1 4.25% $15,472
Century Mortgage Company DBA Century Lending Company 1 3.25% $10,460
PULTE MORTGAGE LLC 1 2.88% $14,761
Centennial Bank 1 5.13% $28,055
Capital Bank 1 4.38% $3,644
Residential Mortgage Solutions, Inc. 1 4.25% $18,244
BOKF 1 3.13% $3,400
Sandy Spring Bank 1 4.50% $6,563
SOUTHPOINT FINANCIAL SERVICES, INC. 1 4.75% $1,137
Bank of England 1 5.88% $19,625
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.25% $15,288
York Traditions Bank 1 3.75% $14,351
Arvest Bank 1 5.00% $5,048
The Huntington National Bank 1 2.50% $7,647
The Union Bank Company 1 2.63% $8,106
TOP FLITE FINANCIAL, INC. 1 5.75% $28,042
Truist 1 3.70% $11,991
JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 1 5.38% $19,211
UNITED MORTGAGE CORP. 1 4.75% $12,258
AmeriHome Mortgage Company, LLC 1 6.50% $14,738
AMERICAN HOME LENDING USA, LLC 1 2.75% $16,896
AMERICAN HERITAGE FCU 1 6.13% $5,703
ZILLOW HOME LOANS, LLC 1 3.38% $15,432
Watermark Capital, Inc. 1 3.25% $7,139
Waterstone Mortgage Corporation 1 4.38% $12,052
LAND HOME FINANCIAL SERVICES, INC. 1 6.25% $4,407
KeyBank 1 5.63% $3,098

The top Philadelphia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 756 VA loans originated. Their average total fees are $9,018, which is $2,585 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Philadelphia VA lenders (with over 10 loans originated) are M&T Bank ($5,085), Wells Fargo Bank ($5,868), Mortgage America, Inc. ($6,370), LAKEVIEW LOAN SERVICING, LLC ($7,350) and PENTAGON FEDERAL CREDIT UNION ($7,395).

The lowest rate Philadelphia VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.32%), PENNYMAC LOAN SERVICES, LLC (3.33%), PENTAGON FEDERAL CREDIT UNION (3.58%), M&T Bank (3.70%) and HOME POINT FINANCIAL CORPORATION (3.82%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Philadelphia (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 $229,995 (5.0%) $343,033 (3.1%) 0.85 20,095
2018-02-01 $236,450 (7.5%) $345,565 (2.6%) 0.86 20,323
2018-03-01 $240,000 (5.3%) $355,219 (2.9%) 0.84 19,664
2018-04-01 $249,950 (6.4%) $368,548 (4.1%) 0.85 20,535
2018-05-01 $264,500 (8.2%) $382,187 (5.4%) 0.88 21,368
2018-06-01 $269,000 (8.7%) $387,896 (5.6%) 0.90 21,953
2018-07-01 $269,900 (8.2%) $387,569 (6.0%) 0.90 22,045
2018-08-01 $262,450 (5.8%) $381,709 (5.9%) 0.88 22,059
2018-09-01 $260,000 (5.3%) $381,134 (5.3%) 0.87 22,375
2018-10-01 $264,900 (6.0%) $381,516 (4.1%) 0.90 22,722
2018-11-01 $262,000 (8.1%) $378,687 (7.1%) 0.89 21,975
2018-12-01 $252,900 (6.3%) $372,121 (7.1%) 0.87 20,170
2019-01-01 $249,900 (8.7%) $362,568 (5.7%) 0.86 18,671
2019-02-01 $250,000 (5.7%) $367,848 (6.5%) 0.84 18,442
2019-03-01 $263,995 (10.0%) $379,968 (7.0%) 0.88 19,052
2019-04-01 $275,000 (10.0%) $395,225 (7.2%) 0.87 19,543
2019-05-01 $285,000 (7.8%) $405,428 (6.1%) 0.89 20,162
2019-06-01 $289,900 (7.8%) $407,007 (4.9%) 0.91 20,608
2019-07-01 $285,996 (6.0%) $404,628 (4.4%) 0.90 20,477
2019-08-01 $285,000 (8.6%) $403,796 (5.8%) 0.89 20,549
2019-09-01 $299,999 (15.4%) $433,794 (13.8%) 0.95 17,701
2019-10-01 $299,000 (12.9%) $425,673 (11.6%) 0.96 18,545
2019-11-01 $294,250 (12.3%) $421,283 (11.3%) 0.96 17,421
2019-12-01 $285,250 (12.8%) $419,383 (12.7%) 0.95 15,066
2020-01-01 $284,400 (13.8%) $416,699 (14.9%) 0.95 13,596
2020-02-01 $289,900 (16.0%) $429,675 (16.8%) 0.95 13,201
2020-03-01 $299,945 (13.6%) $442,896 (16.6%) 0.94 13,320
2020-04-01 $299,900 (9.1%) $442,240 (11.9%) 0.94 11,885
2020-05-01 $309,900 (8.7%) $451,129 (11.3%) 0.94 12,385
2020-06-01 $327,450 (13.0%) $471,831 (15.9%) 0.96 12,505
2020-07-01 $339,900 (18.9%) $495,141 (22.4%) 0.99 11,422
2020-08-01 $339,900 (19.3%) $503,094 (24.6%) 0.97 10,845
2020-09-01 $339,950 (13.3%) $505,792 (16.6%) 0.97 10,868
2020-10-01 $344,655 (15.3%) $513,929 (20.7%) 0.99 10,819
2020-11-01 $337,450 (14.7%) $508,906 (20.8%) 0.99 10,400
2020-12-01 $325,000 (13.9%) $499,060 (19.0%) 0.97 9,093
2021-01-01 $319,999 (12.5%) $500,453 (20.1%) 0.96 7,972
2021-02-01 $319,997 (10.4%) $511,986 (19.2%) 0.93 7,132
2021-03-01 $325,000 (8.4%) $521,931 (17.9%) 0.92 7,272
2021-04-01 $336,450 (12.2%) $537,331 (21.5%) 0.91 7,631
2021-05-01 $339,000 (9.4%) $524,049 (16.2%) 0.90 8,299
2021-06-01 $330,000 (0.8%) $501,095 (6.2%) 0.87 9,872
2021-07-01 $325,000 (-4.4%) $483,692 (-2.3%) 0.86 10,683
2021-08-01 $319,900 (-5.9%) $470,888 (-6.4%) 0.85 10,996
2021-09-01 $319,500 (-6.0%) $467,973 (-7.5%) 0.85 11,021
2021-10-01 $319,900 (-7.2%) $470,844 (-8.4%) 0.85 10,708
2021-11-01 $310,950 (-7.9%) $469,802 (-7.7%) 0.83 9,787
2021-12-01 $299,950 (-7.7%) $465,426 (-6.7%) 0.81 8,421
2022-01-01 $299,900 (-6.3%) $476,058 (-4.9%) 0.81 6,979
2022-02-01 $299,950 (-6.3%) $485,639 (-5.2%) 0.78 6,568
2022-03-01 $310,000 (-4.6%) $495,226 (-5.1%) 0.78 6,929
2022-04-01 $325,000 (-3.4%) $500,573 (-6.8%) 0.77 7,325
2022-05-01 $339,900 (0.3%) $505,399 (-3.6%) 0.78 8,552
2022-06-01 $347,450 (5.3%) $503,622 (0.5%) 0.77 9,664
2022-07-01 $345,000 (6.2%) $499,348 (3.2%) 0.78 10,796
2022-08-01 $339,200 (6.0%) $495,059 (5.1%) 0.78 10,782
2022-09-01 $335,000 (4.9%) $494,910 (5.8%) 0.78 10,741
2022-10-01 $335,000 (4.7%) $498,263 (5.8%) 0.79 11,157
2022-11-01 $329,950 (6.1%) $497,727 (5.9%) 0.79 11,000
2022-12-01 $324,900 (8.3%) $492,165 (5.8%) 0.80 9,603
2023-01-01 $320,475 (6.9%) $496,209 (4.2%) 0.79 8,727
2023-02-01 $322,450 (7.5%) $510,625 (5.1%) 0.78 8,086
2023-03-01 $327,450 (5.6%) $516,534 (4.3%) 0.77 7,967
2023-04-01 $339,200 (4.4%) $538,511 (7.6%) 0.79 8,053
Philadelphia's median listing price for 2023-04-01 was $339,200, a difference of $14,200 (4.4%) versus the prior year and $11,750 versus the prior month.

Philadelphia's median listing price comes in at 79% of the national average.

Philadelphia's average listing price for 2023-04-01 was $538,511, a difference of $37,938 (7.6%) versus the prior year and $21,977 versus the prior month.

For the 2023-04-01 period, Philadelphia had 8,053 MLS listings, a difference of 86 listings (1%) versus the prior month and 728 listings (10%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Philadelphia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 87 days 1,700 sqft
2018-02-01 80 days 1,705 sqft
2018-03-01 59 days 1,717 sqft
2018-04-01 55 days 1,755 sqft
2018-05-01 53 days 1,800 sqft
2018-06-01 54 days 1,825 sqft
2018-07-01 60 days 1,826 sqft
2018-08-01 63 days 1,805 sqft
2018-09-01 65 days 1,800 sqft
2018-10-01 64 days 1,800 sqft
2018-11-01 66 days 1,800 sqft
2018-12-01 75 days 1,764 sqft
2019-01-01 83 days 1,752 sqft
2019-02-01 79 days 1,775 sqft
2019-03-01 58 days 1,800 sqft
2019-04-01 50 days 1,832 sqft
2019-05-01 48 days 1,864 sqft
2019-06-01 52 days 1,875 sqft
2019-07-01 60 days 1,855 sqft
2019-08-01 71 days 1,848 sqft
2019-09-01 76 days 1,920 sqft
2019-10-01 64 days 1,885 sqft
2019-11-01 66 days 1,850 sqft
2019-12-01 77 days 1,827 sqft
2020-01-01 85 days 1,800 sqft
2020-02-01 70 days 1,825 sqft
2020-03-01 49 days 1,844 sqft
2020-04-01 63 days 1,829 sqft
2020-05-01 75 days 1,860 sqft
2020-06-01 64 days 1,882 sqft
2020-07-01 48 days 1,875 sqft
2020-08-01 46 days 1,846 sqft
2020-09-01 44 days 1,790 sqft
2020-10-01 50 days 1,775 sqft
2020-11-01 53 days 1,739 sqft
2020-12-01 62 days 1,685 sqft
2021-01-01 68 days 1,630 sqft
2021-02-01 65 days 1,605 sqft
2021-03-01 48 days 1,619 sqft
2021-04-01 39 days 1,655 sqft
2021-05-01 36 days 1,672 sqft
2021-06-01 36 days 1,665 sqft
2021-07-01 39 days 1,650 sqft
2021-08-01 43 days 1,622 sqft
2021-09-01 47 days 1,602 sqft
2021-10-01 49 days 1,596 sqft
2021-11-01 51 days 1,557 sqft
2021-12-01 58 days 1,529 sqft
2022-01-01 65 days 1,504 sqft
2022-02-01 53 days 1,513 sqft
2022-03-01 38 days 1,531 sqft
2022-04-01 36 days 1,544 sqft
2022-05-01 34 days 1,595 sqft
2022-06-01 37 days 1,640 sqft
2022-07-01 40 days 1,617 sqft
2022-08-01 46 days 1,590 sqft
2022-09-01 51 days 1,583 sqft
2022-10-01 51 days 1,596 sqft
2022-11-01 55 days 1,586 sqft
2022-12-01 65 days 1,560 sqft
2023-01-01 72 days 1,543 sqft
2023-02-01 67 days 1,541 sqft
2023-03-01 53 days 1,553 sqft
2023-04-01 46 days 1,560 sqft
Philadelphia's median listing age (time on market) for 2023-04-01 was 46 days. This is 28% longer than the same period one year ago.

Philadelphia's median square footage for active listings during the 2023-04-01 period was 1,560 sqft. One year prior, the average listing was 1,544 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.