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 183 lenders originated 3,314 VA loans during 2023. The total origination value was $1,194,750,000, with an average VA loan value of $360,516.

Philadelphia VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Philadelphia averaged 6.96% for the week of 2024-05-24, compared to the national average (all VA variants) of 6.567% for the same period.

Philadelphia's average VA mortgage closing costs are $7,270.

The average rate for the prior week (2024-05-17) was 6.88% and one month ago for the week of 2024-04-19, the average rate was 6.85%.

The average rate one year ago was 6.52%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.91%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 542 6.79% $8,467
QUICKEN LOANS, LLC 224 6.19% $12,628
NAVY FEDERAL CREDIT UNION 175 5.87% $8,187
UNITED WHOLESALE MORTGAGE, LLC 159 6.35% $12,426
CROSSCOUNTRY MORTGAGE, LLC 109 6.58% $11,869
FREEDOM MORTGAGE CORPORATION 103 6.49% $20,631
GUARANTEED RATE, INC. 96 6.11% $9,445
LOANDEPOT.COM, LLC 79 6.09% $13,102
NEW DAY FINANCIAL, LLC 75 7.34% $15,456
Prosperity Home Mortgage, LLC 74 6.30% $9,404
NVR Mortgage Finance, Inc. 66 5.54% $9,812
MOVEMENT MORTGAGE, LLC 63 6.56% $10,349
NFM, INC. 61 6.38% $10,926
GREENTREE MORTGAGE COMPANY, L.P. 61 6.35% $9,991
The Federal Savings Bank 58 6.49% $18,533
USAA Federal Savings Bank 51 6.29% $11,378
PENNYMAC LOAN SERVICES, LLC 51 5.66% $10,868
Mr. Cooper ( Nationstar Mortgage ) 42 5.93% $16,404
CMG MORTGAGE, INC. 35 6.64% $11,894
NEWREZ LLC 35 6.64% $11,311
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 34 6.76% $11,606
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 30 6.64% $11,751
PENTAGON FEDERAL CREDIT UNION 26 5.73% $9,287
VILLAGE CAPITAL MORTGAGE 24 6.21% $12,351
EMM LOANS LLC 24 6.42% $12,569
Keystone Funding, Inc. 24 6.34% $11,695
NATION ONE MORTGAGE CORPORATION 24 6.64% $9,804
DHI MORTGAGE COMPANY, LTD. 22 6.37% $10,281
GUARANTEED RATE AFFINITY, LLC 22 6.15% $7,700
PIKE CREEK MORTGAGE SERVICES, INC. 20 6.53% $14,558
Citizens Bank 20 6.29% $9,815
BROKER SOLUTIONS, INC. 20 6.64% $15,582
CARDINAL FINANCIAL 19 6.64% $14,541
MORTGAGE ACCESS CORP. 19 6.39% $12,428
Meridian Bank Corporation 19 6.61% $13,404
Magnolia Bank 19 6.42% $22,086
ABSOLUTE HOME MORTGAGE CORPORATION 18 6.67% $14,490
Paramount Residential Mortgage Group, Inc. 18 6.65% $13,147
NBKC BANK 17 6.04% $8,740
Barrington Bank & Trust Company, N.A. 17 6.32% $10,153
GUILD MORTGAGE COMPANY 17 6.35% $10,866
EAGLE HOME MORTGAGE, LLC 15 5.92% $4,266
Wells Fargo Bank 15 5.85% $9,422
ALLIED MORTGAGE GROUP, INC. 15 6.70% $10,636
NJ LENDERS CORP. 13 6.35% $13,711
MUTUAL OF OMAHA MORTGAGE, INC. 13 6.41% $19,618
AMERISAVE MORTGAGE CORPORATION 13 5.89% $21,076
ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 6.49% $8,808
SUCCESS MORTGAGE PARTNERS, INC. 13 6.54% $11,668
Nations Lending Corporation 11 6.08% $15,860
Advisors Mortgage Group, L.L.C. 11 6.25% $11,052
Acre Mortgage and Financial Inc 10 6.86% $14,975
UNION HOME MORTGAGE CORP. 10 6.46% $10,847
AMERICAN FINANCIAL NETWORK, INC. 10 6.80% $10,158
PLAZA HOME MORTGAGE, INC. 9 6.55% $10,351
Univest Bank and Trust Co. 8 6.36% $8,222
JPMorgan Chase Bank 8 5.81% $10,042
Mid-Continent Funding, Inc. 8 6.14% $16,169
DRAPER AND KRAMER MORTGAGE CORP. 8 6.73% $7,767
U.S. Bank 8 6.08% $12,182
Equity Prime Mortgage LLC 8 6.92% $8,927
SUN WEST MORTGAGE COMPANY, INC. 7 6.57% $11,357
GSF Mortgage Corporation 7 6.96% $11,990
Mortgage America, Inc. 7 6.52% $10,489
PLANET HOME LENDING, LLC 7 6.41% $14,167
RELIANCE FIRST CAPITAL, LLC 6 5.98% $31,122
CALIBER HOME LOANS, INC. 6 5.92% $9,969
Fulton Bank 6 6.58% $6,805
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 6 6.15% $12,381
BNC National Bank 6 5.56% $9,954
Northpointe Bank 6 6.15% $9,401
1st Colonial Community Bank 5 7.05% $13,188
Gateway First Bank 5 6.53% $9,143
First Federal Bank 5 6.53% $6,813
PANORAMA MORTGAGE GROUP, LLC 5 7.18% $12,303
Quaint Oak Mortgage, LLC 5 6.35% $13,484
Princeton Mortgage Corporation 5 6.30% $6,557
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.93% $10,507
PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.40% $15,697
Huntingdon Valley Bank 5 6.25% $9,390
Wilmington Savings Fund Society, FSB 5 6.80% $9,141
BAY EQUITY LLC 5 6.57% $9,573
ENVOY MORTGAGE, LTD 4 6.22% $8,126
GoPrime Mortgage, Inc. 4 6.63% $6,991
Flagstar Bank, FSB 4 5.98% $7,467
Presidential Bank, FSB 4 6.06% $14,200
Ixonia Bank 4 6.34% $12,597
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.84% $5,018
AMERICAN PACIFIC MORTGAGE CORPORATION 4 7.28% $13,474
Evolve Bank & Trust 4 6.75% $7,880
Philadelphia Mortgage Advisors, Inc. 4 6.72% $11,133
LOANPAL, LLC 4 6.50% $18,357
LAKEVIEW LOAN SERVICING, LLC 3 6.04% $14,273
CONTOUR MORTGAGE CORPORATION 3 5.88% $14,281
DEVELOPER'S MORTGAGE COMPANY 3 7.29% $14,514
Farmers Bank & Trust 3 5.21% $14,339
FIRST HOME MORTGAGE CORPORATION 3 7.29% $9,496
HOMESIDE FINANCIAL, LLC 3 6.88% $13,108
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.42% $3,223
NATIONS DIRECT MORTGAGE, LLC 3 6.38% $12,312
NATIONWIDE MORTGAGE BANKERS, INC. 3 7.21% $29,538
Plains Commerce Bank 3 6.63% $13,083
PULTE MORTGAGE LLC 3 6.79% $12,617
TBI MORTGAGE COMPANY 3 6.00% $12,993
TIDEWATER MORTGAGE SERVICES, INC. 3 7.04% $16,005
TOWNE MORTGAGE COMPANY 3 5.88% $12,485
Florida Capital Bank 2 6.63% $13,970
Atlantic Coast Mortgage, LLC 2 5.50% $15,908
Century Mortgage Company DBA Century Lending Company 2 7.13% $6,262
NEW FED MORTGAGE, CORP. 2 6.00% $19,515
AMERICAN FINANCIAL RESOURCES, INC. 2 7.00% $11,148
The Central Trust Bank 2 5.13% $17,961
US MORTGAGE CORPORATION 2 5.69% $11,731
EMBRACE HOME LOANS, INC. 2 6.37% $9,581
Towne Bank 2 6.81% $9,443
VAN DYK MORTGAGE CORPORATION 2 6.13% $10,529
Credence Funding Corporation 2 6.38% $3,582
NETWORK CAPITAL FUNDING CORPORATION 2 5.19% $11,878
AmeriHome Mortgage Company, LLC 2 6.31% $25,151
PNC Bank 2 6.44% $13,255
OCMBC, INC. 2 7.44% $5,594
Sierra Pacific Mortgage Company, Inc. 2 6.38% $13,574
FIRST COMMUNITY MORTGAGE, INC. 2 6.81% $19,517
MCLEAN MORTGAGE CORPORATION 2 5.63% $5,826
PARAGON HOME LOANS INC. 2 7.69% $11,982
MILEND, INC. 2 6.94% $22,291
SUMMIT FUNDING, INC. 2 6.75% $21,933
Summit Mortgage Corporation 2 6.94% $10,927
EVERETT FINANCIAL, INC. 1 5.88% $5,216
Cornerstone First Mortgage, Inc 1 6.88% $19,923
PREMIA MORTGAGE, LLC 1 5.75% $3,279
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.50% $0
City Bank 1 6.75% $10,123
CHURCHILL MORTGAGE CORPORATION 1 6.25% $20,933
Carrington Mortgage Services, LLC 1 6.25% $12,564
Alcova Mortgage LLC 1 6.75% $12,386
Capital Bank 1 5.75% $10,732
BAY-VALLEY MORTGAGE GROUP 1 6.75% $8,651
Bank of America 1 6.25% $20,931
Republic Bank 1 7.13% $11,808
RESIDENTIAL BANCORP 1 5.25% $17,796
RESIDENTIAL HOME MORTGAGE CORPORATION 1 6.75% $15,525
Residential Mortgage Solutions, Inc. 1 6.25% $11,693
Strong Home Mortgage, LLC 1 6.50% $22,381
ATLANTIS MORTGAGE CO., INC. 1 5.75% $17,522
Sunflower Bank 1 5.13% $10,758
SWBC MORTGAGE CORPORATION 1 6.38% $11,419
Academy Bank 1 5.50% $6,726
TD Bank 1 5.75% $5,257
Armed Forces Bank 1 5.50% $13,099
ABERDEEN PROVING GROUND FEDERAL CREDIT UNION 1 7.50% $11,654
ZILLOW HOME LOANS, LLC 1 6.75% $3,814
ARC HOME LLC 1 7.13% $8,270
AmRes Corporation 1 8.00% $4,971
AMERICAN HERITAGE FCU 1 5.75% $8,241
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.75% $18,125
MDE Home Loans, LLC 1 6.13% $8,290
MICHIGAN MUTUAL, INC. 1 5.13% $9,575
Mid Penn Bank 1 5.63% $4,272
MLB RESIDENTIAL LENDING, LLC 1 6.50% $11,540
LEADERONE FINANCIAL CORPORATION 1 7.49% $14,482
MORIA DEVELOPMENT, INC. 1 6.63% $16,081
JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 1 5.88% $21,089
INTERCOASTAL MORTGAGE COMPANY 1 6.13% $17,126
HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.13% $21,111
HOMEAMERICAN MORTGAGE CORPORATION 1 4.88% $300
HARTFORD FUNDING, LTD. 1 6.75% $10,774
GUARANTY HOME MORTGAGE CORPORATION 1 6.00% $3,435
GREENWAY MORTGAGE FUNDING CORP. 1 5.25% $10,891
Valley National Bank 1 6.49% $11,798
GLENDENNING MORTGAGE CORPORATION 1 7.50% $18,470
GENEVA FINANCIAL, LLC 1 6.13% $38,506
First Savings Bank 1 5.75% $9,229
Firstrust Savings Bank 1 6.50% $6,143
First National Bank of Pennsylvania 1 5.75% $15,269
North American Savings Bank, F.S.B. 1 5.63% $12,539
Northeast Equitable Mortgage, LLC 1 6.50% $5,826
First National Bank of Omaha 1 6.63% $8,118
Northwest Federal Credit Union 1 7.50% $4,152
FIRST HERITAGE FINANCIAL, LLC 1 7.38% $5,774
FIRST COLONY MORTGAGE CORPORATION 1 6.63% $4,798
First Citizens Community Bank 1 6.75% $12,214
Financial Freedom Mortgage, LLC 1 5.75% $15,433

The top Philadelphia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 542 VA loans originated. Their average total fees are $8,467, which is $4,161 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Philadelphia VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($4,266), GUARANTEED RATE AFFINITY, LLC ($7,700), NAVY FEDERAL CREDIT UNION ($8,187), Mortgage Research Center, LLC ($8,467) and NBKC BANK ($8,740).

The lowest rate Philadelphia VA lenders (with over 10 loans originated) are NVR Mortgage Finance, Inc. (5.54%), PENNYMAC LOAN SERVICES, LLC (5.66%), PENTAGON FEDERAL CREDIT UNION (5.73%), Wells Fargo Bank (5.85%) and NAVY FEDERAL CREDIT UNION (5.87%).


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%) $343,148 (3.1%) 0.85 20,091
2018-02-01 $236,495 (7.5%) $345,641 (2.6%) 0.86 20,324
2018-03-01 $240,000 (5.2%) $355,372 (2.9%) 0.84 19,664
2018-04-01 $249,950 (6.4%) $368,667 (4.1%) 0.85 20,536
2018-05-01 $264,500 (8.2%) $382,305 (5.4%) 0.88 21,369
2018-06-01 $269,000 (8.7%) $388,007 (5.6%) 0.90 21,956
2018-07-01 $269,900 (8.2%) $387,673 (6.0%) 0.90 22,046
2018-08-01 $262,450 (5.8%) $381,803 (5.9%) 0.88 22,059
2018-09-01 $260,000 (5.3%) $381,222 (5.3%) 0.87 22,372
2018-10-01 $264,900 (6.0%) $381,630 (4.2%) 0.90 22,719
2018-11-01 $262,000 (8.1%) $378,883 (7.1%) 0.89 21,974
2018-12-01 $252,950 (6.3%) $372,337 (7.1%) 0.87 20,169
2019-01-01 $249,900 (8.7%) $362,674 (5.7%) 0.86 18,670
2019-02-01 $250,000 (5.7%) $367,914 (6.4%) 0.84 18,442
2019-03-01 $263,571 (9.8%) $382,802 (7.7%) 0.86 18,991
2019-04-01 $275,000 (10.0%) $395,384 (7.3%) 0.87 19,615
2019-05-01 $285,275 (7.9%) $405,589 (6.1%) 0.89 20,163
2019-06-01 $289,900 (7.8%) $407,178 (4.9%) 0.91 20,609
2019-07-01 $286,000 (6.0%) $404,857 (4.4%) 0.90 20,476
2019-08-01 $288,811 (10.0%) $407,988 (6.9%) 0.91 19,922
2019-09-01 $294,542 (13.3%) $417,180 (9.4%) 0.94 19,184
2019-10-01 $298,363 (12.6%) $424,153 (11.1%) 0.96 18,547
2019-11-01 $294,800 (12.5%) $421,606 (11.3%) 0.97 17,424
2019-12-01 $285,495 (12.9%) $419,734 (12.7%) 0.95 15,070
2020-01-01 $284,448 (13.8%) $417,078 (15.0%) 0.95 13,599
2020-02-01 $289,986 (16.0%) $430,008 (16.9%) 0.95 13,201
2020-03-01 $299,950 (13.8%) $443,288 (15.8%) 0.94 13,324
2020-04-01 $299,900 (9.1%) $442,711 (12.0%) 0.94 11,889
2020-05-01 $309,945 (8.7%) $451,578 (11.3%) 0.94 12,389
2020-06-01 $327,450 (13.0%) $472,121 (16.0%) 0.96 12,509
2020-07-01 $339,900 (18.9%) $495,413 (22.4%) 0.99 11,427
2020-08-01 $339,900 (17.7%) $503,338 (23.4%) 0.97 10,853
2020-09-01 $339,950 (15.4%) $506,058 (21.3%) 0.97 10,877
2020-10-01 $344,900 (15.6%) $514,093 (21.2%) 0.99 10,827
2020-11-01 $337,450 (14.5%) $509,052 (20.7%) 0.99 10,406
2020-12-01 $325,000 (13.8%) $499,138 (18.9%) 0.97 9,098
2021-01-01 $320,000 (12.5%) $500,475 (20.0%) 0.96 7,975
2021-02-01 $320,000 (10.4%) $512,115 (19.1%) 0.93 7,133
2021-03-01 $325,000 (8.4%) $521,990 (17.8%) 0.92 7,273
2021-04-01 $336,450 (12.2%) $537,418 (21.4%) 0.91 7,632
2021-05-01 $339,000 (9.4%) $524,162 (16.1%) 0.90 8,302
2021-06-01 $330,000 (0.8%) $501,219 (6.2%) 0.87 9,874
2021-07-01 $325,000 (-4.4%) $483,789 (-2.4%) 0.86 10,683
2021-08-01 $319,900 (-5.9%) $470,989 (-6.4%) 0.85 10,997
2021-09-01 $319,500 (-6.0%) $468,032 (-7.5%) 0.85 11,020
2021-10-01 $319,900 (-7.3%) $470,906 (-8.4%) 0.85 10,709
2021-11-01 $311,200 (-7.8%) $469,869 (-7.7%) 0.83 9,790
2021-12-01 $299,950 (-7.7%) $465,523 (-6.7%) 0.81 8,423
2022-01-01 $299,900 (-6.3%) $476,101 (-4.9%) 0.81 6,980
2022-02-01 $299,950 (-6.3%) $485,606 (-5.2%) 0.78 6,569
2022-03-01 $312,125 (-4.0%) $495,502 (-5.1%) 0.78 6,933
2022-04-01 $325,000 (-3.4%) $500,971 (-6.8%) 0.77 7,331
2022-05-01 $339,950 (0.3%) $505,725 (-3.5%) 0.78 8,561
2022-06-01 $348,900 (5.7%) $504,160 (0.6%) 0.78 9,672
2022-07-01 $345,000 (6.2%) $499,486 (3.2%) 0.78 10,801
2022-08-01 $339,450 (6.1%) $495,209 (5.1%) 0.78 10,790
2022-09-01 $335,000 (4.9%) $495,062 (5.8%) 0.78 10,749
2022-10-01 $335,000 (4.7%) $498,370 (5.8%) 0.79 11,162
2022-11-01 $331,450 (6.5%) $497,789 (5.9%) 0.80 11,004
2022-12-01 $325,000 (8.4%) $492,295 (5.8%) 0.80 9,606
2023-01-01 $322,000 (7.4%) $496,357 (4.3%) 0.80 8,730
2023-02-01 $322,450 (7.5%) $510,642 (5.2%) 0.78 8,088
2023-03-01 $328,450 (5.2%) $516,575 (4.3%) 0.77 7,967
2023-04-01 $339,640 (4.5%) $538,707 (7.5%) 0.79 8,053
2023-05-01 $349,450 (2.8%) $544,226 (7.6%) 0.79 8,047
2023-06-01 $354,950 (1.7%) $560,838 (11.2%) 0.80 8,318
2023-07-01 $350,000 (1.5%) $553,808 (10.9%) 0.80 8,348
2023-08-01 $350,000 (3.1%) $543,128 (9.7%) 0.80 8,555
2023-09-01 $350,000 (4.5%) $541,242 (9.3%) 0.81 9,092
2023-10-01 $350,000 (4.5%) $543,703 (9.1%) 0.82 9,607
2023-11-01 $349,900 (5.6%) $536,853 (7.9%) 0.83 9,708
2023-12-01 $340,000 (4.6%) $531,015 (7.9%) 0.83 8,879
2024-01-01 $337,375 (4.8%) $533,636 (7.5%) 0.82 7,895
2024-02-01 $339,950 (5.4%) $538,381 (5.4%) 0.82 7,622
2024-03-01 $349,999 (6.6%) $559,038 (8.2%) 0.82 7,863
2024-04-01 $369,950 (8.9%) $583,357 (8.3%) 0.86 8,315
Philadelphia's median listing price for 2024-04-01 was $369,950, a difference of $30,310 (8.9%) versus the prior year and $19,951 versus the prior month.

Philadelphia's median listing price comes in at 86% of the national average.

Philadelphia's average listing price for 2024-04-01 was $583,357, a difference of $44,650 (8.3%) versus the prior year and $24,319 versus the prior month.

For the 2024-04-01 period, Philadelphia had 8,315 MLS listings, a difference of 452 listings (6%) versus the prior month and 262 listings (3%) 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 81 days 1,700 sqft
2018-02-01 73 days 1,705 sqft
2018-03-01 54 days 1,718 sqft
2018-04-01 52 days 1,755 sqft
2018-05-01 48 days 1,800 sqft
2018-06-01 51 days 1,825 sqft
2018-07-01 57 days 1,826 sqft
2018-08-01 59 days 1,804 sqft
2018-09-01 60 days 1,800 sqft
2018-10-01 60 days 1,800 sqft
2018-11-01 63 days 1,800 sqft
2018-12-01 72 days 1,762 sqft
2019-01-01 79 days 1,751 sqft
2019-02-01 72 days 1,772 sqft
2019-03-01 58 days 1,804 sqft
2019-04-01 46 days 1,829 sqft
2019-05-01 45 days 1,862 sqft
2019-06-01 50 days 1,876 sqft
2019-07-01 57 days 1,855 sqft
2019-08-01 57 days 1,858 sqft
2019-09-01 58 days 1,875 sqft
2019-10-01 58 days 1,884 sqft
2019-11-01 61 days 1,850 sqft
2019-12-01 73 days 1,827 sqft
2020-01-01 79 days 1,800 sqft
2020-02-01 62 days 1,825 sqft
2020-03-01 45 days 1,846 sqft
2020-04-01 58 days 1,829 sqft
2020-05-01 71 days 1,860 sqft
2020-06-01 53 days 1,882 sqft
2020-07-01 43 days 1,875 sqft
2020-08-01 40 days 1,848 sqft
2020-09-01 39 days 1,792 sqft
2020-10-01 45 days 1,776 sqft
2020-11-01 49 days 1,740 sqft
2020-12-01 58 days 1,686 sqft
2021-01-01 64 days 1,634 sqft
2021-02-01 56 days 1,610 sqft
2021-03-01 42 days 1,624 sqft
2021-04-01 35 days 1,659 sqft
2021-05-01 32 days 1,675 sqft
2021-06-01 33 days 1,667 sqft
2021-07-01 37 days 1,650 sqft
2021-08-01 41 days 1,624 sqft
2021-09-01 45 days 1,602 sqft
2021-10-01 45 days 1,598 sqft
2021-11-01 49 days 1,558 sqft
2021-12-01 56 days 1,530 sqft
2022-01-01 61 days 1,504 sqft
2022-02-01 49 days 1,516 sqft
2022-03-01 35 days 1,536 sqft
2022-04-01 33 days 1,545 sqft
2022-05-01 32 days 1,598 sqft
2022-06-01 35 days 1,644 sqft
2022-07-01 38 days 1,620 sqft
2022-08-01 44 days 1,591 sqft
2022-09-01 49 days 1,586 sqft
2022-10-01 49 days 1,596 sqft
2022-11-01 52 days 1,589 sqft
2022-12-01 61 days 1,562 sqft
2023-01-01 67 days 1,546 sqft
2023-02-01 63 days 1,545 sqft
2023-03-01 50 days 1,556 sqft
2023-04-01 44 days 1,562 sqft
2023-05-01 44 days 1,591 sqft
2023-06-01 45 days 1,629 sqft
2023-07-01 45 days 1,618 sqft
2023-08-01 45 days 1,594 sqft
2023-09-01 45 days 1,578 sqft
2023-10-01 44 days 1,597 sqft
2023-11-01 46 days 1,575 sqft
2023-12-01 56 days 1,541 sqft
2024-01-01 66 days 1,530 sqft
2024-02-01 59 days 1,530 sqft
2024-03-01 43 days 1,560 sqft
2024-04-01 40 days 1,604 sqft
Philadelphia's median listing age (time on market) for 2024-04-01 was 40 days. This is -10% shorter than the same period one year ago.

Philadelphia's median square footage for active listings during the 2024-04-01 period was 1,604 sqft. One year prior, the average listing was 1,562 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.