Philadelphia VA Loan Rates, Closing Costs & Stats

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

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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.

    Philadelphia's 197 lenders originated 4,496 VA loans during 2024. The total origination value was $1,722,090,000, with an average VA loan value of $383,027.

    Philadelphia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Philadelphia averaged 0.54% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Philadelphia's average VA mortgage closing costs are $7,577.

    The average rate for the prior week (2025-06-27) was 6.57% and one month ago for the week of 2025-05-30, the average rate was 7%.

    The average rate one year ago was 6.71%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.43%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 660 6.34% $7,984
    UNITED WHOLESALE MORTGAGE, LLC 379 5.89% $11,219
    QUICKEN LOANS, LLC 287 6.07% $12,639
    FREEDOM MORTGAGE CORPORATION 280 6.20% $11,315
    NAVY FEDERAL CREDIT UNION 171 5.91% $8,092
    CROSSCOUNTRY MORTGAGE, LLC 158 6.37% $10,599
    PENNYMAC LOAN SERVICES, LLC 135 5.73% $9,505
    NEW DAY FINANCIAL, LLC 116 7.52% $13,632
    Prosperity Home Mortgage, LLC 110 6.16% $10,161
    VILLAGE CAPITAL MORTGAGE 89 5.70% $8,200
    GUARANTEED RATE, INC. 87 5.97% $9,816
    MOVEMENT MORTGAGE, LLC 78 6.37% $9,351
    NFM, INC. 75 6.23% $10,408
    USAA Federal Savings Bank 75 6.20% $9,300
    CMG MORTGAGE, INC. 69 6.32% $10,292
    LOANDEPOT.COM, LLC 60 6.05% $14,328
    The Federal Savings Bank 53 6.19% $19,097
    NEWREZ LLC 52 6.20% $9,267
    GREENTREE MORTGAGE COMPANY, L.P. 48 6.29% $10,648
    EMM LOANS LLC 43 6.28% $11,599
    NVR Mortgage Finance, Inc. 36 6.19% $7,009
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 35 6.35% $10,698
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 32 6.53% $11,133
    BROKER SOLUTIONS, INC. 32 6.40% $14,587
    Meridian Bank Corporation 31 6.25% $9,130
    GUILD MORTGAGE COMPANY 31 6.41% $11,801
    Mr. Cooper ( Nationstar Mortgage ) 30 6.25% $11,942
    PIKE CREEK MORTGAGE SERVICES, INC. 30 6.18% $12,543
    PLANET HOME LENDING, LLC 29 5.75% $4,560
    Keystone Funding, Inc. 29 6.24% $11,988
    ALLIED MORTGAGE GROUP, INC. 24 6.31% $11,612
    LAKEVIEW LOAN SERVICING, LLC 24 5.73% $7,559
    SUCCESS MORTGAGE PARTNERS, INC. 22 6.44% $14,962
    NATION ONE MORTGAGE CORPORATION 21 6.48% $10,603
    ENVOY MORTGAGE, LTD 21 6.62% $11,714
    Barrington Bank & Trust Company, N.A. 21 6.31% $7,408
    DHI MORTGAGE COMPANY, LTD. 20 6.09% $11,857
    Magnolia Bank 20 5.96% $18,950
    Acre Mortgage and Financial Inc 20 6.81% $10,677
    MUTUAL OF OMAHA MORTGAGE, INC. 19 6.26% $12,559
    CLEARPATH LENDING 19 5.64% $10,660
    CARDINAL FINANCIAL 18 6.29% $11,971
    MORTGAGE ACCESS CORP. 18 6.10% $10,268
    Equity Prime Mortgage LLC 18 6.93% $11,335
    GUARANTEED RATE AFFINITY, LLC 17 6.06% $9,853
    NBKC BANK 17 5.77% $8,133
    Paramount Residential Mortgage Group, Inc. 17 6.46% $9,785
    ABSOLUTE HOME MORTGAGE CORPORATION 16 6.49% $12,698
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 16 6.37% $10,822
    Carrington Mortgage Services, LLC 15 6.04% $10,056
    First Federal Bank 15 5.83% $9,196
    UNION HOME MORTGAGE CORP. 14 6.31% $7,563
    MORTGAGE SOLUTIONS OF COLORADO, LLC 14 7.20% $6,784
    PLAZA HOME MORTGAGE, INC. 11 6.21% $14,263
    EAGLE HOME MORTGAGE, LLC 11 5.68% $6,068
    PENTAGON FEDERAL CREDIT UNION 11 5.98% $9,408
    Philadelphia Mortgage Advisors, Inc. 10 6.16% $8,962
    First Citizens Community Bank 10 6.31% $6,886
    Credence Funding Corporation 10 5.70% $6,418
    Flagstar Bank, FSB 9 6.03% $10,747
    PRIMARY RESIDENTIAL MORTGAGE, INC. 9 6.31% $10,303
    SUN WEST MORTGAGE COMPANY, INC. 9 5.81% $8,282
    Wilmington Savings Fund Society, FSB 9 6.33% $12,679
    NATIONS DIRECT MORTGAGE, LLC 9 6.36% $10,413
    FIRST HOME MORTGAGE CORPORATION 8 6.42% $9,278
    NJ LENDERS CORP. 8 6.27% $13,728
    GoPrime Mortgage, Inc. 8 6.33% $12,182
    LOANPAL, LLC 8 5.92% $13,365
    Gateway First Bank 8 6.36% $9,283
    HOMESIDE FINANCIAL, LLC 8 6.66% $12,536
    Mid-Continent Funding, Inc. 8 5.94% $6,528
    DAS Acquisition Company, LLC 7 5.77% $9,016
    AMERISAVE MORTGAGE CORPORATION 7 5.91% $25,980
    Lakeview Community Capital, LLC 7 6.11% $11,462
    Mortgage America, Inc. 7 6.18% $8,075
    Fulton Bank 7 6.23% $17,918
    Plains Commerce Bank 7 6.41% $13,216
    1st Colonial Community Bank 7 6.66% $9,789
    Princeton Mortgage Corporation 7 6.34% $9,705
    PHH Mortgage Corporation 6 6.10% $5,133
    RELIANCE FIRST CAPITAL, LLC 6 6.33% $14,168
    Univest Bank and Trust Co. 6 6.04% $8,161
    GSF Mortgage Corporation 6 6.67% $16,349
    Advisors Mortgage Group, L.L.C. 6 6.65% $11,402
    Citizens Bank 6 5.88% $11,751
    FIRST COMMUNITY MORTGAGE, INC. 6 6.21% $11,870
    MLD MORTGAGE INC. 5 5.92% $8,217
    Armed Forces Bank 5 5.88% $15,077
    AMERICAN FINANCIAL NETWORK, INC. 5 6.38% $18,085
    U.S. Bank 5 6.28% $8,871
    PNC Bank 5 6.23% $8,666
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.53% $9,216
    Evolve Bank & Trust 4 6.19% $10,788
    Strong Home Mortgage, LLC 4 6.00% $7,164
    FIRST COLONY MORTGAGE CORPORATION 4 5.84% $7,716
    Mid Penn Bank 4 6.53% $12,133
    Wells Fargo Bank 4 6.22% $9,197
    AMERICAN FINANCIAL RESOURCES, INC. 4 6.25% $12,749
    American Mortgage & Equity Consultants, Inc. 4 6.37% $12,661
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 4 6.25% $13,326
    AFFORDABLE MORTGAGE ADVISORS, LLC. 4 6.53% $15,255
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.38% $2,994
    DIRECT MORTGAGE LOANS, LLC 3 6.29% $13,854
    AmeriHome Mortgage Company, LLC 3 5.75% $7,914
    CALCON MUTUAL MORTGAGE LLC 3 6.08% $5,604
    Century Mortgage Company DBA Century Lending Company 3 6.12% $7,561
    CHURCHILL MORTGAGE CORPORATION 3 6.58% $10,656
    CONTOUR MORTGAGE CORPORATION 3 6.04% $10,799
    Ixonia Bank 3 6.29% $37,910
    JPMorgan Chase Bank 3 6.21% $8,348
    MDE Home Loans, LLC 3 6.38% $13,027
    MILEND, INC. 3 6.21% $14,146
    Nations Lending Corporation 3 6.13% $15,946
    NETWORK CAPITAL FUNDING CORPORATION 3 6.00% $10,820
    NORWICH COMMERCIAL GROUP, INC. 3 5.83% $8,618
    OceanFirst Bank 3 5.88% $7,659
    PREMIA MORTGAGE, LLC 3 5.81% $3,122
    PULTE MORTGAGE LLC 3 6.08% $16,384
    Quaint Oak Mortgage, LLC 3 6.25% $15,232
    TD Bank 3 6.08% $8,570
    TIDEWATER MORTGAGE SERVICES, INC. 3 6.71% $8,734
    US MORTGAGE CORPORATION 3 6.54% $12,731
    GENEVA FINANCIAL, LLC 2 6.31% $24,378
    NEW FED MORTGAGE, CORP. 2 6.75% $17,537
    HomePromise Corporation 2 7.25% $11,767
    North American Savings Bank, F.S.B. 2 5.63% $15,219
    Northeast Equitable Mortgage, LLC 2 5.63% $13,538
    ZILLOW HOME LOANS, LLC 2 6.50% $2,662
    Goldwater Bank, N.A. 2 6.50% $5,451
    PANORAMA MORTGAGE GROUP, LLC 2 6.44% $7,396
    EVERETT FINANCIAL, INC. 2 6.75% $15,532
    EMBRACE HOME LOANS, INC. 2 6.62% $23,820
    BOND STREET MORTGAGE, LLC 2 6.50% $16,206
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.69% $4,853
    RADIUS FINANCIAL GROUP INC. 2 6.12% $17,620
    BAY EQUITY LLC 2 6.69% $15,546
    ROYAL UNITED MORTGAGE LLC 2 5.88% $10,543
    Summit Mortgage Corporation 2 6.56% $17,800
    TBI MORTGAGE COMPANY 2 6.75% $8,276
    Texana Bank 2 6.69% $14,443
    The Loan Store, Inc. 2 6.06% $5,158
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION 2 6.38% $6,039
    AmRes Corporation 2 6.75% $8,784
    UNITED MORTGAGE CORP 2 7.00% $12,026
    MLB RESIDENTIAL LENDING, LLC 2 7.69% $10,469
    MEMBER FIRST MORTGAGE, LLC 2 7.00% $8,473
    M&T Bank 2 6.19% $18,703
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.50% $14,444
    NATIONWIDE MORTGAGE BANKERS, INC. 2 7.25% $9,731
    Customers Bank 1 5.63% $4,222
    Vellum Mortgage, Inc. 1 6.25% $6,905
    Presidential Bank, FSB 1 6.75% $9,941
    Cornerstone First Mortgage, Inc 1 7.25% $10,954
    Columbia Bank 1 6.75% $11,348
    Capital Bank 1 6.25% $33,747
    TOTAL MORTGAGE SERVICES, LLC 1 6.75% $9,010
    VERITAS FUNDING, LLC 1 6.25% $14,271
    ALLIANT CREDIT UNION 1 5.25% $15,269
    Towne Bank 1 5.75% $15,702
    Truist 1 5.75% $5,173
    LOANLEADERS OF AMERICA, INC. 1 6.50% $6,313
    LANGLEY 1 6.88% $3,616
    Sierra Pacific Mortgage Company, Inc. 1 6.25% $8,274
    SIRVA MORTGAGE, INC. 1 5.13% $10,811
    STOCKTON MORTGAGE CORPORATION 1 5.75% $17,114
    Bank of America 1 6.50% $2,441
    Atlantic Coast Mortgage, LLC 1 6.38% $15,256
    AMERITRUST MORTGAGE CORPORATION 1 5.75% $18,265
    Sunflower Bank 1 5.49% $19,276
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.25% $13,065
    Ameris Bank 1 6.63% $5,773
    Kwik Mortgage Corporation 1 6.25% $16,430
    AMERICAN FINANCING CORPORATION 1 4.99% $20,248
    INTELLILOAN, INC. 1 6.75% $1,486
    Alcova Mortgage LLC 1 6.50% $15,942
    HOMESPIRE MORTGAGE CORPORATION 1 6.50% $4,418
    MORTGAGEONE, INC. 1 6.00% $11,320
    Home Mortgage Alliance Corp 1 7.25% $10,114
    The Central Trust Bank 1 5.99% $6,127
    The Ephrata National Bank 1 5.50% $16,919
    Northpointe Bank 1 5.75% $3,185
    Arvest Bank 1 7.00% $166
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.25% $19,384
    The Huntington National Bank 1 5.63% $4,565
    Valley National Bank 1 5.99% $9,243
    OCEANSIDE MORTGAGE COMPANY 1 5.63% $21,684
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.25% $14,777
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.25% $10,478
    LADERA LENDING, INC. 1 7.25% $10,145
    Firstrust Savings Bank 1 6.38% $14,505
    First Heritage Mortgage, LLC 1 6.13% $21,862
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 5.13% $4,724
    FIDELITY DIRECT MORTGAGE, LLC 1 6.75% $7,455
    MID-ISLAND MORTGAGE CORP. 1 5.88% $26,478
    EVANSVILLE TEACHERS 1 6.75% $13,328
    TJC Mortgage, Inc. 1 7.25% $9,645
    PLUS RELOCATION MORTGAGE, LLC 1 7.25% $7,501

    The top Philadelphia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 660 VA loans originated. Their average total fees are $7,984, which is $3,235 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Philadelphia VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($4,560), EAGLE HOME MORTGAGE, LLC ($6,068), Credence Funding Corporation ($6,418), MORTGAGE SOLUTIONS OF COLORADO, LLC ($6,784) and First Citizens Community Bank ($6,886).

    The lowest rate Philadelphia VA lenders (with over 10 loans originated) are CLEARPATH LENDING (5.64%), EAGLE HOME MORTGAGE, LLC (5.68%), Credence Funding Corporation (5.70%), VILLAGE CAPITAL MORTGAGE (5.70%) and PENNYMAC LOAN SERVICES, LLC (5.73%).

    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.