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
7.06%
for the week of 2025-05-23, compared to the national average (all VA variants) of
6.52% for the same period.
Philadelphia's average VA mortgage closing costs are $7,577.
The average rate for the prior week (2025-05-16) was
6.95% and
one month ago for the week of 2025-04-18, the
average rate was 7.02%.
The average rate one year ago was 6.83%.
For refis of the same type during the week of 2025-05-23, the average rate
was 6.95%.
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.
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%).
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%) | $343,137 (3.1%) | 0.85 | 20,094 |
| 2018-02-01 | $236,495 (7.5%) | $345,650 (2.6%) | 0.86 | 20,324 |
| 2018-03-01 | $240,000 (5.2%) | $355,336 (2.9%) | 0.84 | 19,665 |
| 2018-04-01 | $249,950 (6.4%) | $368,672 (4.1%) | 0.85 | 20,537 |
| 2018-05-01 | $264,500 (8.2%) | $382,309 (5.4%) | 0.88 | 21,370 |
| 2018-06-01 | $269,000 (8.7%) | $388,011 (5.6%) | 0.90 | 21,956 |
| 2018-07-01 | $269,900 (8.2%) | $387,677 (6.0%) | 0.90 | 22,047 |
| 2018-08-01 | $262,450 (5.8%) | $381,807 (5.9%) | 0.88 | 22,061 |
| 2018-09-01 | $260,000 (5.3%) | $381,223 (5.4%) | 0.87 | 22,375 |
| 2018-10-01 | $264,900 (6.0%) | $381,636 (4.1%) | 0.90 | 22,723 |
| 2018-11-01 | $262,000 (8.1%) | $378,890 (7.1%) | 0.89 | 21,978 |
| 2018-12-01 | $253,154 (6.4%) | $372,340 (7.2%) | 0.87 | 20,172 |
| 2019-01-01 | $249,900 (8.7%) | $362,689 (5.7%) | 0.86 | 18,673 |
| 2019-02-01 | $250,000 (5.7%) | $367,931 (6.5%) | 0.84 | 18,444 |
| 2019-03-01 | $263,571 (9.8%) | $382,817 (7.7%) | 0.86 | 18,993 |
| 2019-04-01 | $275,000 (10.0%) | $395,366 (7.2%) | 0.87 | 19,617 |
| 2019-05-01 | $285,250 (7.8%) | $405,592 (6.1%) | 0.89 | 20,164 |
| 2019-06-01 | $289,900 (7.8%) | $407,173 (4.9%) | 0.91 | 20,611 |
| 2019-07-01 | $286,000 (6.0%) | $404,849 (4.4%) | 0.90 | 20,479 |
| 2019-08-01 | $288,811 (10.0%) | $407,989 (6.9%) | 0.91 | 19,924 |
| 2019-09-01 | $294,542 (13.3%) | $417,195 (9.4%) | 0.94 | 19,186 |
| 2019-10-01 | $298,363 (12.6%) | $424,163 (11.1%) | 0.96 | 18,548 |
| 2019-11-01 | $294,500 (12.4%) | $421,596 (11.3%) | 0.97 | 17,425 |
| 2019-12-01 | $285,497 (12.8%) | $419,741 (12.7%) | 0.95 | 15,071 |
| 2020-01-01 | $284,450 (13.8%) | $417,076 (15.0%) | 0.95 | 13,600 |
| 2020-02-01 | $289,986 (16.0%) | $429,991 (16.9%) | 0.95 | 13,203 |
| 2020-03-01 | $299,950 (13.8%) | $443,263 (15.8%) | 0.94 | 13,325 |
| 2020-04-01 | $299,900 (9.1%) | $442,672 (12.0%) | 0.94 | 11,890 |
| 2020-05-01 | $309,945 (8.7%) | $451,561 (11.3%) | 0.94 | 12,390 |
| 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 (14.6%) | $509,052 (20.7%) | 0.99 | 10,406 |
| 2020-12-01 | $325,000 (13.8%) | $499,174 (18.9%) | 0.97 | 9,096 |
| 2021-01-01 | $320,000 (12.5%) | $500,557 (20.0%) | 0.96 | 7,973 |
| 2021-02-01 | $320,000 (10.4%) | $512,116 (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%) | $501,198 (6.2%) | 0.87 | 9,875 |
| 2021-07-01 | $325,000 (-4.4%) | $483,749 (-2.4%) | 0.86 | 10,685 |
| 2021-08-01 | $319,900 (-5.9%) | $470,956 (-6.4%) | 0.85 | 10,997 |
| 2021-09-01 | $319,500 (-6.0%) | $467,997 (-7.5%) | 0.85 | 11,023 |
| 2021-10-01 | $319,900 (-7.3%) | $470,871 (-8.4%) | 0.85 | 10,710 |
| 2021-11-01 | $311,075 (-7.8%) | $469,837 (-7.7%) | 0.83 | 9,791 |
| 2021-12-01 | $299,950 (-7.7%) | $465,502 (-6.8%) | 0.81 | 8,424 |
| 2022-01-01 | $299,900 (-6.3%) | $476,101 (-4.9%) | 0.81 | 6,980 |
| 2022-02-01 | $299,950 (-6.3%) | $485,770 (-5.1%) | 0.78 | 6,570 |
| 2022-03-01 | $312,000 (-4.0%) | $495,481 (-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%) | $505,785 (-3.5%) | 0.78 | 8,561 |
| 2022-06-01 | $348,950 (5.7%) | $504,274 (0.6%) | 0.78 | 9,673 |
| 2022-07-01 | $345,000 (6.2%) | $499,547 (3.3%) | 0.78 | 10,804 |
| 2022-08-01 | $339,450 (6.1%) | $495,278 (5.2%) | 0.78 | 10,794 |
| 2022-09-01 | $335,000 (4.9%) | $495,121 (5.8%) | 0.78 | 10,754 |
| 2022-10-01 | $335,000 (4.7%) | $498,405 (5.9%) | 0.79 | 11,166 |
| 2022-11-01 | $331,850 (6.7%) | $497,846 (6.0%) | 0.80 | 11,009 |
| 2022-12-01 | $325,000 (8.4%) | $492,346 (5.8%) | 0.80 | 9,610 |
| 2023-01-01 | $322,245 (7.5%) | $496,478 (4.3%) | 0.80 | 8,735 |
| 2023-02-01 | $322,450 (7.5%) | $510,841 (5.2%) | 0.78 | 8,093 |
| 2023-03-01 | $328,700 (5.4%) | $516,757 (4.3%) | 0.78 | 7,971 |
| 2023-04-01 | $339,900 (4.6%) | $538,764 (7.5%) | 0.79 | 8,056 |
| 2023-05-01 | $349,450 (2.8%) | $544,282 (7.6%) | 0.79 | 8,050 |
| 2023-06-01 | $354,950 (1.7%) | $560,943 (11.2%) | 0.80 | 8,321 |
| 2023-07-01 | $350,000 (1.5%) | $553,934 (10.9%) | 0.80 | 8,350 |
| 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 (5.4%) | $536,853 (7.8%) | 0.83 | 9,708 |
| 2023-12-01 | $340,000 (4.6%) | $530,988 (7.9%) | 0.83 | 8,878 |
| 2024-01-01 | $337,313 (4.7%) | $533,604 (7.5%) | 0.82 | 7,894 |
| 2024-02-01 | $339,950 (5.4%) | $538,350 (5.4%) | 0.82 | 7,621 |
| 2024-03-01 | $349,999 (6.5%) | $559,011 (8.2%) | 0.82 | 7,862 |
| 2024-04-01 | $369,950 (8.8%) | $583,347 (8.3%) | 0.86 | 8,315 |
| 2024-05-01 | $379,950 (8.7%) | $601,409 (10.5%) | 0.86 | 8,718 |
| 2024-06-01 | $395,000 (11.3%) | $594,345 (6.0%) | 0.90 | 9,211 |
| 2024-07-01 | $389,644 (11.3%) | $586,493 (5.9%) | 0.89 | 9,452 |
| 2024-08-01 | $382,000 (9.1%) | $573,513 (5.6%) | 0.89 | 9,659 |
| 2024-09-01 | $379,450 (8.4%) | $567,102 (4.8%) | 0.89 | 10,378 |
| 2024-10-01 | $376,500 (7.6%) | $560,763 (3.1%) | 0.89 | 10,898 |
| 2024-11-01 | $372,500 (6.5%) | $546,382 (1.8%) | 0.89 | 10,897 |
| 2024-12-01 | $358,075 (5.3%) | $539,483 (1.6%) | 0.89 | 9,447 |
| 2025-01-01 | $352,000 (4.4%) | $537,350 (0.7%) | 0.88 | 8,801 |
| 2025-02-01 | $350,000 (3.0%) | $533,567 (-0.9%) | 0.85 | 8,732 |
| 2025-03-01 | $359,000 (2.6%) | $541,068 (-3.2%) | 0.84 | 9,279 |
| 2025-04-01 | $375,000 (1.4%) | $554,323 (-5.0%) | 0.87 | 9,827 |
Philadelphia's median listing price comes in at 87% of the national average.
Philadelphia's average listing price for 2025-04-01 was $554,323, a difference of $-29,024 (-5.0%) versus the prior year and $13,255 versus the prior month.
For the 2025-04-01 period, Philadelphia had 9,827 MLS listings, a difference of 548 listings (6%) versus the prior month and 1,512 listings (18%) 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 | 1,706 sqft |
| 2018-03-01 | 54 days | 1,719 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 | 1,805 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 | 1,764 sqft |
| 2019-01-01 | 79 days | 1,751 sqft |
| 2019-02-01 | 72 days | 1,772 sqft |
| 2019-03-01 | 58 days | 1,805 sqft |
| 2019-04-01 | 46 days | 1,829 sqft |
| 2019-05-01 | 45 days | 1,864 sqft |
| 2019-06-01 | 50 days | 1,876 sqft |
| 2019-07-01 | 57 days | 1,855 sqft |
| 2019-08-01 | 57 days | 1,859 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 | 1,830 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 | 1,793 sqft |
| 2020-10-01 | 45 days | 1,778 sqft |
| 2020-11-01 | 49 days | 1,740 sqft |
| 2020-12-01 | 58 days | 1,686 sqft |
| 2021-01-01 | 64 days | 1,636 sqft |
| 2021-02-01 | 56 days | 1,612 sqft |
| 2021-03-01 | 42 days | 1,625 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 | 1,603 sqft |
| 2021-10-01 | 45 days | 1,598 sqft |
| 2021-11-01 | 49 days | 1,559 sqft |
| 2021-12-01 | 56 days | 1,530 sqft |
| 2022-01-01 | 61 days | 1,506 sqft |
| 2022-02-01 | 49 days | 1,518 sqft |
| 2022-03-01 | 35 days | 1,536 sqft |
| 2022-04-01 | 33 days | 1,547 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 | 1,587 sqft |
| 2022-10-01 | 49 days | 1,598 sqft |
| 2022-11-01 | 52 days | 1,590 sqft |
| 2022-12-01 | 61 days | 1,564 sqft |
| 2023-01-01 | 67 days | 1,547 sqft |
| 2023-02-01 | 63 days | 1,546 sqft |
| 2023-03-01 | 50 days | 1,557 sqft |
| 2023-04-01 | 44 days | 1,564 sqft |
| 2023-05-01 | 44 days | 1,592 sqft |
| 2023-06-01 | 45 days | 1,630 sqft |
| 2023-07-01 | 45 days | 1,620 sqft |
| 2023-08-01 | 45 days | 1,597 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 | 1,544 sqft |
| 2024-01-01 | 66 days | 1,533 sqft |
| 2024-02-01 | 59 days | 1,531 sqft |
| 2024-03-01 | 43 days | 1,560 sqft |
| 2024-04-01 | 40 days | 1,604 sqft |
| 2024-05-01 | 37 days | 1,619 sqft |
| 2024-06-01 | 42 days | 1,660 sqft |
| 2024-07-01 | 44 days | 1,667 sqft |
| 2024-08-01 | 44 days | 1,648 sqft |
| 2024-09-01 | 45 days | 1,624 sqft |
| 2024-10-01 | 43 days | 1,617 sqft |
| 2024-11-01 | 47 days | 1,600 sqft |
| 2024-12-01 | 57 days | 1,550 sqft |
| 2025-01-01 | 63 days | 1,537 sqft |
| 2025-02-01 | 52 days | 1,529 sqft |
| 2025-03-01 | 39 days | 1,530 sqft |
| 2025-04-01 | 35 days | 1,585 sqft |
Philadelphia's median square footage for active listings during the 2025-04-01 period was 1,585 sqft. One year prior, the average listing was 1,604 sqft.