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 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.