Pittsburgh VA Loan Rates, Closing Costs & Stats

PITTSBURGH, PA

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.

Pittsburgh's 133 lenders originated 1,808 VA loans during 2024. The total origination value was $503,520,000, with an average VA loan value of $278,496.

Pittsburgh VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Pittsburgh averaged 6.6% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

Pittsburgh's average VA mortgage closing costs are $6,554.

The average rate for the prior week (2025-03-28) was 6.62% and one month ago for the week of 2025-02-28, the average rate was 6.39%.

The average rate one year ago was 6.6%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.59%.

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

Pittsburgh 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 Pittsburgh level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 407 6.40% $5,896
UNITED WHOLESALE MORTGAGE, LLC 136 6.04% $7,670
QUICKEN LOANS, LLC 122 6.28% $11,024
NAVY FEDERAL CREDIT UNION 85 6.00% $5,489
FREEDOM MORTGAGE CORPORATION 71 6.24% $8,181
NEW DAY FINANCIAL, LLC 51 7.54% $11,027
PENNYMAC LOAN SERVICES, LLC 49 5.76% $8,040
NVR Mortgage Finance, Inc. 44 6.00% $9,727
MOVEMENT MORTGAGE, LLC 40 6.50% $8,603
USAA Federal Savings Bank 35 6.44% $7,822
PLAZA HOME MORTGAGE, INC. 33 6.26% $10,102
HOWARD HANNA FINANCIAL SERVICES, INC. 26 6.10% $9,374
NEWREZ LLC 26 6.16% $8,057
UNION HOME MORTGAGE CORP. 24 6.61% $10,763
Victorian Finance, LLC 23 6.42% $8,915
GUARANTEED RATE AFFINITY, LLC 22 6.15% $7,185
WEST PENN FINANCIAL SERVICE CENTER, INC. 21 6.16% $9,848
VILLAGE CAPITAL MORTGAGE 20 5.69% $6,334
CROSSCOUNTRY MORTGAGE, LLC 20 6.28% $8,636
LOANDEPOT.COM, LLC 20 6.49% $10,378
Barrington Bank & Trust Company, N.A. 17 6.27% $5,302
AFFORDABLE MORTGAGE ADVISORS, LLC. 17 6.39% $8,708
STOCKTON MORTGAGE CORPORATION 14 6.17% $10,996
Mid-Continent Funding, Inc. 13 5.97% $5,666
Citizens Bank 13 6.40% $6,705
The Federal Savings Bank 13 6.56% $13,507
Union Savings Bank 13 6.01% $6,209
EQUITY RESOURCES, INC. 12 6.29% $5,268
DHI MORTGAGE COMPANY, LTD. 10 6.13% $12,903
PLANET HOME LENDING, LLC 10 5.81% $4,867
FEDERATED MORTGAGE CORP. 10 6.04% $6,979
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.51% $9,592
PNC Bank 9 6.78% $7,328
LAKEVIEW LOAN SERVICING, LLC 9 5.97% $4,769
Magnolia Bank 8 5.98% $22,936
U.S. Bank 8 6.50% $8,116
First National Bank of Pennsylvania 7 6.07% $5,551
TOWNE MORTGAGE COMPANY 7 6.75% $9,031
The Huntington National Bank 7 6.70% $3,264
MICHIGAN MUTUAL, INC. 7 6.32% $6,743
SWBC MORTGAGE CORPORATION 7 6.18% $9,586
AMERICAN FINANCIAL NETWORK, INC. 7 6.25% $8,272
PENTAGON FEDERAL CREDIT UNION 6 6.21% $6,908
Mr. Cooper ( Nationstar Mortgage ) 6 6.31% $13,197
GUILD MORTGAGE COMPANY 6 6.27% $10,525
BAY EQUITY LLC 6 6.58% $7,018
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.55% $9,046
BROKER SOLUTIONS, INC. 5 6.83% $12,302
First Commonwealth Bank 5 5.90% $8,234
RELIANCE FIRST CAPITAL, LLC 5 6.00% $9,959
Flagstar Bank, FSB 5 6.80% $8,202
Dollar Bank, Federal Savings Bank 5 6.65% $6,315
Carrington Mortgage Services, LLC 5 5.90% $10,883
First Federal Bank 4 6.09% $4,861
CARDINAL FINANCIAL 4 6.38% $12,819
AMERICAN FINANCIAL RESOURCES, INC. 4 6.59% $7,204
DAS Acquisition Company, LLC 4 6.50% $20,179
Univest Bank and Trust Co. 4 6.16% $9,947
HOMESTEAD FUNDING CORP. 4 5.97% $4,308
First Heritage Mortgage, LLC 3 6.38% $6,335
Wells Fargo Bank 3 6.25% $7,219
AmeriHome Mortgage Company, LLC 3 6.25% $5,677
WesBanco 3 6.50% $6,284
CMG MORTGAGE, INC. 3 6.54% $7,114
CLEARPATH LENDING 3 5.83% $4,564
Nations Lending Corporation 3 6.08% $13,476
Paramount Residential Mortgage Group, Inc. 3 6.67% $6,331
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.38% $9,125
The Loan Store, Inc. 3 6.21% $11,817
LOANPAL, LLC 3 5.79% $10,394
CALCON MUTUAL MORTGAGE LLC 2 5.81% $3,144
AMERISAVE MORTGAGE CORPORATION 2 5.38% $12,854
Armed Forces Bank 2 6.50% $13,337
Credence Funding Corporation 2 5.25% $8,755
Equity Prime Mortgage LLC 2 7.31% $5,572
First Federal Bank of the Midwest 2 6.69% $6,936
GUARANTEED RATE, INC. 2 6.74% $0
JMAC LENDING, INC. 2 6.50% $7,392
JPMorgan Chase Bank 2 6.37% $11,455
MORTGAGEONE, INC. 2 5.81% $5,679
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.44% $13,538
NATIONWIDE MORTGAGE BANKERS, INC. 2 6.75% $14,140
Northwest Bank 2 6.69% $5,148
NORWICH COMMERCIAL GROUP, INC. 2 6.00% $2,638
Plains Commerce Bank 2 6.50% $9,909
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.06% $6,606
SUN WEST MORTGAGE COMPANY, INC. 2 5.68% $4,657
MEMBER ADVANTAGE MORTGAGE, LLC 1 6.00% $10,901
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.99% $19,189
Arvest Bank 1 6.50% $3,945
MASON MCDUFFIE MORTGAGE CORPORATION 1 7.75% $12,458
Old National Bank 1 5.50% $4,056
LEADERONE FINANCIAL CORPORATION 1 6.00% $15,380
LAND HOME FINANCIAL SERVICES, INC. 1 6.25% $6,582
Lakeview Community Capital, LLC 1 6.25% $1,799
Ameris Bank 1 6.13% $11,866
KeyBank 1 7.00% $30,878
INTERCOASTAL MORTGAGE COMPANY 1 6.75% $4,678
INTELLILOAN, INC. 1 5.75% $3,761
POLARIS HOME FUNDING CORP. 1 6.75% $10,445
Premium Mortgage Corporation 1 6.75% $16,333
ALLIANT CREDIT UNION 1 6.00% $3,534
Princeton Mortgage Corporation 1 5.99% $12,586
Prosperity Home Mortgage, LLC 1 7.00% $9,739
HOMESIDE FINANCIAL, LLC 1 7.50% $28,899
HomePromise Corporation 1 6.75% $8,040
ROYAL UNITED MORTGAGE LLC 1 7.25% $10,258
RUOFF MORTGAGE COMPANY, INC. 1 7.00% $17,908
Sail Mortgage Corp. 1 6.88% $9,716
SIRVA MORTGAGE, INC. 1 6.38% $5,394
SOUTHWEST FUNDING, LP 1 7.13% $50
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $120
ZILLOW HOME LOANS, LLC 1 6.00% $7,643
GoPrime Mortgage, Inc. 1 8.13% $4,309
T2 FINANCIAL LLC 1 6.00% $6,302
First Western Trust Bank 1 6.75% $625
FIRST HOME MORTGAGE CORPORATION 1 6.63% $10,295
FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $12,605
Fifth Third Bank 1 7.00% $8,364
UMB Bank 1 5.75% $6,160
FBC MORTGAGE, LLC 1 5.99% $6,410
EVANSVILLE TEACHERS 1 7.00% $6,860
CORTRUST MORTGAGE, INC. 1 6.25% $17,969
Cornerstone First Mortgage, Inc 1 5.75% $12,387
Century Mortgage Company DBA Century Lending Company 1 6.25% $75
BAY CAPITAL MORTGAGE CORPORATION 1 6.25% $10,097
Mortgage America, Inc. 1 6.13% $12,119
VAN DYK MORTGAGE CORPORATION 1 6.99% $14,646
NATIONS DIRECT MORTGAGE, LLC 1 5.25% $5,741
MORIA DEVELOPMENT, INC. 1 7.25% $5,048
Bank of America 1 6.13% $30,654
MILEND, INC. 1 6.13% $12,737
Mid Penn Bank 1 6.00% $4,035

The top Pittsburgh VA lender as defined by loan originations is Mortgage Research Center, LLC, with 407 VA loans originated. Their average total fees are $5,896, which is $1,774 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Pittsburgh VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($4,867), EQUITY RESOURCES, INC. ($5,268), Barrington Bank & Trust Company, N.A. ($5,302), NAVY FEDERAL CREDIT UNION ($5,489) and Mid-Continent Funding, Inc. ($5,666).

The lowest rate Pittsburgh VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (5.69%), PENNYMAC LOAN SERVICES, LLC (5.76%), PLANET HOME LENDING, LLC (5.81%), Mid-Continent Funding, Inc. (5.97%) and NAVY FEDERAL CREDIT UNION (6.00%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Pittsburgh (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 $164,900 (10.0%) $253,086 (6.7%) 0.61 8,085
2018-02-01 $164,950 (10.0%) $257,747 (6.3%) 0.60 7,591
2018-03-01 $170,000 (7.4%) $270,131 (6.9%) 0.60 7,364
2018-04-01 $177,763 (9.4%) $276,303 (7.0%) 0.60 7,399
2018-05-01 $179,900 (6.9%) $279,875 (6.9%) 0.60 7,652
2018-06-01 $179,500 (5.7%) $274,570 (4.8%) 0.60 8,006
2018-07-01 $179,075 (4.2%) $273,546 (3.8%) 0.60 8,274
2018-08-01 $177,450 (4.4%) $270,314 (3.9%) 0.59 8,458
2018-09-01 $175,000 (3.0%) $267,857 (3.8%) 0.59 8,542
2018-10-01 $174,900 (2.9%) $265,036 (4.0%) 0.59 8,659
2018-11-01 $169,900 (0.0%) $262,671 (2.3%) 0.58 8,425
2018-12-01 $165,000 (0.0%) $264,090 (4.4%) 0.57 7,868
2019-01-01 $164,900 (0.0%) $263,870 (4.3%) 0.57 7,442
2019-02-01 $167,000 (1.2%) $269,145 (4.4%) 0.56 6,994
2019-03-01 $175,912 (3.5%) $279,980 (3.7%) 0.58 6,808
2019-04-01 $182,926 (2.9%) $287,081 (3.9%) 0.58 6,806
2019-05-01 $187,700 (4.3%) $292,170 (4.4%) 0.59 6,950
2019-06-01 $194,900 (8.6%) $294,499 (7.3%) 0.61 7,310
2019-07-01 $195,725 (9.3%) $292,397 (6.9%) 0.61 7,593
2019-08-01 $193,636 (9.1%) $290,502 (7.5%) 0.61 7,667
2019-09-01 $191,591 (9.5%) $289,005 (7.9%) 0.61 7,792
2019-10-01 $190,000 (8.6%) $288,931 (9.0%) 0.61 7,876
2019-11-01 $189,900 (11.8%) $291,081 (10.8%) 0.62 7,549
2019-12-01 $184,400 (11.8%) $287,407 (8.8%) 0.61 6,985
2020-01-01 $187,500 (13.7%) $294,570 (11.6%) 0.63 6,531
2020-02-01 $195,875 (17.3%) $307,955 (14.4%) 0.64 6,052
2020-03-01 $206,450 (17.4%) $317,205 (13.3%) 0.65 5,801
2020-04-01 $209,350 (14.5%) $315,374 (9.9%) 0.66 5,658
2020-05-01 $215,000 (14.5%) $318,045 (8.9%) 0.65 5,808
2020-06-01 $237,400 (21.8%) $339,385 (15.2%) 0.70 5,542
2020-07-01 $239,950 (22.6%) $348,076 (19.0%) 0.70 5,252
2020-08-01 $239,900 (23.9%) $345,665 (19.0%) 0.69 5,153
2020-09-01 $237,625 (24.0%) $347,324 (20.2%) 0.68 5,110
2020-10-01 $234,900 (23.6%) $346,859 (20.1%) 0.67 4,988
2020-11-01 $230,000 (21.1%) $344,955 (18.5%) 0.67 4,616
2020-12-01 $228,450 (23.9%) $347,861 (21.0%) 0.68 4,146
2021-01-01 $229,900 (22.6%) $357,764 (21.5%) 0.69 3,586
2021-02-01 $239,900 (22.5%) $380,703 (23.6%) 0.70 2,954
2021-03-01 $249,000 (20.6%) $396,728 (25.1%) 0.71 2,812
2021-04-01 $250,000 (19.4%) $402,935 (27.8%) 0.68 2,909
2021-05-01 $259,900 (20.9%) $401,434 (26.2%) 0.69 3,070
2021-06-01 $252,500 (6.4%) $387,612 (14.2%) 0.66 3,500
2021-07-01 $239,900 (0.0%) $363,011 (4.3%) 0.63 4,068
2021-08-01 $225,450 (-6.0%) $340,785 (-1.4%) 0.60 4,373
2021-09-01 $224,950 (-5.3%) $335,307 (-3.5%) 0.60 4,494
2021-10-01 $223,900 (-4.7%) $335,536 (-3.3%) 0.60 4,415
2021-11-01 $215,000 (-6.5%) $332,547 (-3.6%) 0.57 4,122
2021-12-01 $204,950 (-10.3%) $329,682 (-5.2%) 0.56 3,647
2022-01-01 $200,000 (-13.0%) $337,393 (-5.7%) 0.54 3,133
2022-02-01 $210,000 (-12.5%) $355,820 (-6.5%) 0.55 2,675
2022-03-01 $217,450 (-12.7%) $364,371 (-8.2%) 0.54 2,586
2022-04-01 $224,900 (-10.0%) $365,992 (-9.2%) 0.54 2,716
2022-05-01 $237,000 (-8.8%) $364,385 (-9.2%) 0.54 3,240
2022-06-01 $239,175 (-5.3%) $359,266 (-7.3%) 0.53 3,672
2022-07-01 $235,000 (-2.0%) $353,973 (-2.5%) 0.53 4,213
2022-08-01 $229,900 (2.0%) $343,521 (0.8%) 0.53 4,469
2022-09-01 $220,000 (-2.2%) $331,452 (-1.2%) 0.51 4,611
2022-10-01 $215,000 (-4.0%) $321,944 (-4.1%) 0.51 4,799
2022-11-01 $214,950 (0.0%) $321,432 (-3.3%) 0.52 4,741
2022-12-01 $200,000 (-2.4%) $321,326 (-2.5%) 0.49 4,391
2023-01-01 $199,450 (-0.3%) $323,510 (-4.1%) 0.49 3,889
2023-02-01 $199,900 (-4.8%) $331,540 (-6.8%) 0.48 3,460
2023-03-01 $210,000 (-3.4%) $341,356 (-6.3%) 0.50 3,303
2023-04-01 $224,900 (0.0%) $355,027 (-3.0%) 0.52 3,418
2023-05-01 $230,000 (-3.0%) $363,330 (-0.3%) 0.52 3,380
2023-06-01 $235,000 (-1.8%) $378,302 (5.3%) 0.53 3,649
2023-07-01 $242,950 (3.4%) $376,687 (6.4%) 0.55 3,827
2023-08-01 $246,850 (7.4%) $388,181 (13.0%) 0.57 3,989
2023-09-01 $239,900 (9.1%) $383,782 (15.8%) 0.56 4,235
2023-10-01 $239,900 (11.6%) $379,839 (18.0%) 0.56 4,535
2023-11-01 $235,000 (9.3%) $376,261 (17.1%) 0.56 4,617
2023-12-01 $230,000 (15.0%) $379,936 (18.2%) 0.56 4,348
2024-01-01 $229,900 (15.3%) $378,304 (16.9%) 0.56 4,018
2024-02-01 $227,000 (13.6%) $385,693 (16.3%) 0.55 3,683
2024-03-01 $234,750 (11.8%) $399,327 (17.0%) 0.55 3,649
2024-04-01 $242,500 (7.8%) $404,626 (14.0%) 0.56 3,633
2024-05-01 $257,450 (11.9%) $406,720 (11.9%) 0.59 3,857
2024-06-01 $255,000 (8.5%) $396,399 (4.8%) 0.58 4,118
2024-07-01 $250,000 (2.9%) $379,249 (0.7%) 0.57 4,595
2024-08-01 $239,900 (-2.8%) $361,107 (-7.0%) 0.56 4,930
2024-09-01 $239,900 (0.0%) $357,436 (-6.9%) 0.56 5,156
2024-10-01 $239,900 (0.0%) $355,577 (-6.4%) 0.56 5,412
2024-11-01 $235,000 (0.0%) $342,040 (-9.1%) 0.56 5,472
2024-12-01 $229,925 (0.0%) $340,091 (-10.5%) 0.57 5,019
2025-01-01 $229,700 (-0.1%) $340,635 (-10.0%) 0.57 4,575
2025-02-01 $229,000 (0.9%) $351,208 (-8.9%) 0.56 4,188
2025-03-01 $239,000 (1.8%) $362,666 (-9.2%) 0.00 4,043
Pittsburgh's median listing price for 2025-03-01 was $239,000, a difference of $4,250 (1.8%) versus the prior year and $10,000 versus the prior month.

Pittsburgh's median listing price comes in at 0% of the national average.

Pittsburgh's average listing price for 2025-03-01 was $362,666, a difference of $-36,661 (-9.2%) versus the prior year and $11,458 versus the prior month.

For the 2025-03-01 period, Pittsburgh had 4,043 MLS listings, a difference of -145 listings (-3%) versus the prior month and 394 listings (11%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Pittsburgh (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 109 days 1,656 sqft
2018-02-01 111 days 1,668 sqft
2018-03-01 100 days 1,684 sqft
2018-04-01 72 days 1,723 sqft
2018-05-01 63 days 1,727 sqft
2018-06-01 58 days 1,710 sqft
2018-07-01 60 days 1,692 sqft
2018-08-01 64 days 1,680 sqft
2018-09-01 70 days 1,680 sqft
2018-10-01 74 days 1,663 sqft
2018-11-01 79 days 1,653 sqft
2018-12-01 89 days 1,632 sqft
2019-01-01 103 days 1,622 sqft
2019-02-01 106 days 1,632 sqft
2019-03-01 90 days 1,660 sqft
2019-04-01 68 days 1,665 sqft
2019-05-01 59 days 1,686 sqft
2019-06-01 59 days 1,700 sqft
2019-07-01 60 days 1,705 sqft
2019-08-01 62 days 1,697 sqft
2019-09-01 66 days 1,689 sqft
2019-10-01 68 days 1,681 sqft
2019-11-01 76 days 1,664 sqft
2019-12-01 88 days 1,639 sqft
2020-01-01 99 days 1,656 sqft
2020-02-01 98 days 1,686 sqft
2020-03-01 76 days 1,702 sqft
2020-04-01 84 days 1,713 sqft
2020-05-01 88 days 1,742 sqft
2020-06-01 86 days 1,779 sqft
2020-07-01 54 days 1,774 sqft
2020-08-01 54 days 1,758 sqft
2020-09-01 54 days 1,729 sqft
2020-10-01 57 days 1,693 sqft
2020-11-01 65 days 1,664 sqft
2020-12-01 75 days 1,664 sqft
2021-01-01 89 days 1,657 sqft
2021-02-01 89 days 1,669 sqft
2021-03-01 65 days 1,691 sqft
2021-04-01 45 days 1,699 sqft
2021-05-01 45 days 1,700 sqft
2021-06-01 41 days 1,687 sqft
2021-07-01 39 days 1,632 sqft
2021-08-01 41 days 1,600 sqft
2021-09-01 46 days 1,598 sqft
2021-10-01 50 days 1,584 sqft
2021-11-01 55 days 1,566 sqft
2021-12-01 65 days 1,552 sqft
2022-01-01 78 days 1,560 sqft
2022-02-01 79 days 1,610 sqft
2022-03-01 57 days 1,608 sqft
2022-04-01 39 days 1,620 sqft
2022-05-01 37 days 1,619 sqft
2022-06-01 37 days 1,615 sqft
2022-07-01 39 days 1,615 sqft
2022-08-01 44 days 1,608 sqft
2022-09-01 51 days 1,586 sqft
2022-10-01 54 days 1,569 sqft
2022-11-01 60 days 1,565 sqft
2022-12-01 72 days 1,547 sqft
2023-01-01 86 days 1,538 sqft
2023-02-01 90 days 1,544 sqft
2023-03-01 65 days 1,573 sqft
2023-04-01 47 days 1,600 sqft
2023-05-01 46 days 1,611 sqft
2023-06-01 48 days 1,630 sqft
2023-07-01 48 days 1,633 sqft
2023-08-01 49 days 1,651 sqft
2023-09-01 51 days 1,623 sqft
2023-10-01 51 days 1,604 sqft
2023-11-01 53 days 1,590 sqft
2023-12-01 66 days 1,572 sqft
2024-01-01 79 days 1,571 sqft
2024-02-01 77 days 1,572 sqft
2024-03-01 56 days 1,585 sqft
2024-04-01 51 days 1,605 sqft
2024-05-01 45 days 1,655 sqft
2024-06-01 45 days 1,641 sqft
2024-07-01 46 days 1,600 sqft
2024-08-01 47 days 1,587 sqft
2024-09-01 51 days 1,583 sqft
2024-10-01 52 days 1,558 sqft
2024-11-01 58 days 1,535 sqft
2024-12-01 71 days 1,512 sqft
2025-01-01 84 days 1,510 sqft
2025-02-01 86 days 1,518 sqft
2025-03-01 0 days 1,544 sqft
Pittsburgh's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

Pittsburgh's median square footage for active listings during the 2025-03-01 period was 1,544 sqft. One year prior, the average listing was 1,585 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.