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 135 lenders originated 1,993 VA loans during 2022. The total origination value was $499,435,000, with an average VA loan value of $250,595.

Pittsburgh VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Pittsburgh averaged 6.37% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Pittsburgh's average VA mortgage closing costs are $6,153.

The average rate for the prior week (2024-02-23) was 6.5% and one month ago for the week of 2024-01-26, the average rate was 5.83%.

The average rate one year ago was 5.86%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.22%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 385 5.15% $6,951
QUICKEN LOANS, LLC 163 4.24% $9,876
UNITED WHOLESALE MORTGAGE, LLC 109 4.55% $8,730
NAVY FEDERAL CREDIT UNION 82 4.29% $5,810
NEW DAY FINANCIAL, LLC 71 5.26% $9,713
USAA Federal Savings Bank 71 4.64% $9,078
Citizens Bank 60 4.48% $10,049
PENNYMAC LOAN SERVICES, LLC 52 3.20% $6,911
NVR Mortgage Finance, Inc. 45 4.00% $9,294
FREEDOM MORTGAGE CORPORATION 44 4.29% $9,938
LOANDEPOT.COM, LLC 39 4.14% $9,151
EQUITY RESOURCES, INC. 38 4.59% $7,226
GUARANTEED RATE AFFINITY, LLC 38 5.09% $7,500
UNION HOME MORTGAGE CORP. 35 4.49% $9,183
MOVEMENT MORTGAGE, LLC 34 4.91% $8,059
NEWREZ LLC 29 4.44% $8,089
HOWARD HANNA FINANCIAL SERVICES, INC. 28 4.76% $8,298
PLAZA HOME MORTGAGE, INC. 24 4.91% $8,338
STOCKTON MORTGAGE CORPORATION 22 5.09% $9,607
WEST PENN FINANCIAL SERVICE CENTER, INC. 21 5.04% $11,203
CROSSCOUNTRY MORTGAGE, LLC 20 5.44% $9,999
Barrington Bank & Trust Company, N.A. 20 5.08% $6,690
The Huntington National Bank 19 4.57% $6,315
Flagstar Bank, FSB 18 4.59% $10,915
GUARANTEED RATE, INC. 16 4.62% $7,241
HOME POINT FINANCIAL CORPORATION 15 4.60% $9,482
The Federal Savings Bank 13 5.31% $13,799
Victorian Finance, LLC 13 5.19% $7,208
LAKEVIEW LOAN SERVICING, LLC 13 3.98% $6,778
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 5.64% $7,253
Mr. Cooper ( Nationstar Mortgage ) 11 4.90% $9,824
VILLAGE CAPITAL MORTGAGE 10 4.34% $8,235
HOMEBRIDGE FINANCIAL SERVICES, INC. 9 5.25% $6,952
Dollar Bank, Federal Savings Bank 9 4.43% $8,857
Wells Fargo Bank 9 4.38% $8,266
First Commonwealth Bank 8 4.72% $12,706
CALIBER HOME LOANS, INC. 8 4.13% $12,574
AMERISAVE MORTGAGE CORPORATION 8 5.00% $16,756
DEVELOPER'S MORTGAGE COMPANY 8 4.92% $4,093
PRIMELENDING, A PLAINSCAPITAL COMPANY 8 5.00% $7,659
Mid-Continent Funding, Inc. 7 5.20% $8,662
U.S. Bank 7 4.93% $10,152
Princeton Mortgage Corporation 6 4.10% $10,048
Sail Mortgage Corp. 6 4.13% $12,127
FEDERATED MORTGAGE CORP. 6 5.90% $9,152
First Federal Bank 6 4.75% $8,457
EMM LOANS LLC 5 4.35% $8,423
Carrington Mortgage Services, LLC 5 5.30% $5,985
RELIANCE FIRST CAPITAL, LLC 5 5.25% $10,249
Prosperity Home Mortgage, LLC 5 4.72% $6,591
CLEARPATH LENDING 5 3.87% $8,566
GUILD MORTGAGE COMPANY 4 5.34% $5,761
ALLIED MORTGAGE GROUP, INC. 4 6.06% $8,171
AMERICAN FINANCING CORPORATION 4 3.66% $7,262
BROKER SOLUTIONS, INC. 4 5.40% $7,667
CARDINAL FINANCIAL 4 4.72% $12,193
KeyBank 4 4.19% $8,217
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 4.44% $8,072
North American Savings Bank, F.S.B. 4 4.13% $3,890
PENTAGON FEDERAL CREDIT UNION 4 3.59% $12,102
PNC Bank 4 4.16% $3,889
Union Savings Bank 4 3.59% $3,821
Paramount Residential Mortgage Group, Inc. 3 4.42% $12,966
LOANPAL, LLC 3 4.83% $11,239
HomePromise Corporation 3 4.38% $16,941
First Guaranty Mortgage Corporation 3 3.25% $5,496
FINANCE OF AMERICA MORTGAGE LLC 3 3.33% $9,590
Magnolia Bank 3 3.63% $24,564
Bank of England 3 5.42% $15,157
ROYAL UNITED MORTGAGE LLC 3 4.42% $8,856
Nations Lending Corporation 3 5.42% $19,001
HOMESIDE FINANCIAL, LLC 2 4.31% $12,533
TOP FLITE FINANCIAL, INC. 2 5.50% $13,960
NP, Inc. 2 3.25% $6,542
EVANSVILLE TEACHERS 2 6.00% $12,534
JPMorgan Chase Bank 2 3.44% $8,952
Wyndham Capital Mortgage, Inc. 2 2.75% $7,222
Equity Prime Mortgage LLC 2 5.94% $5,797
First Federal Savings and Loan Association of Greene Co 2 3.20% $11,120
GENEVA FINANCIAL, LLC 2 5.44% $16,998
PLANET HOME LENDING, LLC 2 5.19% $9,902
AMERICAN FINANCIAL RESOURCES, INC. 2 4.81% $3,406
Northwest Bank 2 3.63% $7,586
GUARANTY HOME MORTGAGE CORPORATION 2 5.31% $9,132
MUTUAL OF OMAHA MORTGAGE, INC. 2 5.56% $15,405
American Financial Mortgage Corporation 2 5.00% $11,405
Farmers & Stockmens Bank 1 4.25% $13,459
EMBRACE HOME LOANS, INC. 1 5.00% $27,850
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 5.25% $8,322
CONTOUR MORTGAGE CORPORATION 1 6.25% $14,811
Service Federal Credit Union 1 4.00% $3,558
SOVEREIGN LENDING GROUP INCORPORATED 1 3.25% $14,030
STEARNS LENDING, LLC 1 3.00% $6,157
Community First National Bank 1 5.25% $29,747
Strong Home Mortgage, LLC 1 2.25% $5,678
SUCCESS MORTGAGE PARTNERS, INC. 1 3.63% $22,463
SUMMIT FUNDING, INC. 1 5.00% $6,607
The Farmers National Bank of Canfield 1 6.50% $3,059
CHURCHILL MORTGAGE CORPORATION 1 5.25% $3,941
BAY EQUITY LLC 1 5.00% $28,521
THE MORTGAGE LINK, INC. 1 6.25% $9,226
TJC Mortgage, Inc. 1 3.50% $15,172
Towne Bank 1 2.75% $27,920
TOWNE MORTGAGE COMPANY 1 3.25% $4,522
Bank of America 1 6.75% $3,182
ARC HOME LLC 1 2.75% $12,482
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $16,456
Hometown Lenders, Inc. 1 3.75% $9,271
INTERCAP LENDING INC. 1 4.38% $3,897
KELLER MORTGAGE, LLC 1 5.25% $11,339
LADERA LENDING, INC. 1 5.25% $8,898
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.25% $6,930
Academy Bank 1 2.50% $2,783
Low VA Rates, LLC 1 4.25% $9,562
MCLEAN MORTGAGE CORPORATION 1 4.13% $3,247
MICHIGAN MUTUAL, INC. 1 4.00% $2,463
MID AMERICA MORTGAGE, INC. 1 5.25% $2,546
FLAT BRANCH MORTGAGE, INC. 1 4.63% $25,590
First National Bank of Pennsylvania 1 4.38% $12,811
M&T Bank 1 2.63% $3,576
Mutual Federal Bank 1 5.75% $16,655
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.00% $7,362
FIRST HOME MORTGAGE CORPORATION 1 6.25% $9,106
NBKC BANK 1 2.75% $3,465
First Home Bank 1 3.25% $16,605
Northpointe Bank 1 3.50% $14,516
NORWICH COMMERCIAL GROUP, INC. 1 4.50% $28,726
First Financial Bank 1 6.75% $32,263
Paramount Bank 1 4.75% $10,502
WesBanco 1 4.88% $10,016
FIRST COMMUNITY MORTGAGE, INC. 1 4.75% $8,960
AMCAP MORTGAGE, LTD. 1 4.63% $7,214
PREMIA MORTGAGE, LLC 1 3.13% $7,298
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $9,489
Prime Choice Funding Inc. 1 3.25% $9,353

The top Pittsburgh VA lender as defined by loan originations is Mortgage Research Center, LLC, with 385 VA loans originated. Their average total fees are $6,951, which is $2,925 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Pittsburgh VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($5,810), The Huntington National Bank ($6,315), Barrington Bank & Trust Company, N.A. ($6,690), LAKEVIEW LOAN SERVICING, LLC ($6,778) and PENNYMAC LOAN SERVICES, LLC ($6,911).

The lowest rate Pittsburgh VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.20%), LAKEVIEW LOAN SERVICING, LLC (3.98%), NVR Mortgage Finance, Inc. (4.00%), LOANDEPOT.COM, LLC (4.14%) and QUICKEN LOANS, LLC (4.24%).


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 $169,900 (11.2%) $260,197 (6.9%) 0.63 7,641
2018-02-01 $169,900 (9.7%) $265,316 (6.6%) 0.62 7,160
2018-03-01 $179,900 (11.4%) $279,002 (7.6%) 0.63 6,925
2018-04-01 $184,900 (9.4%) $285,004 (7.5%) 0.63 6,961
2018-05-01 $188,375 (9.4%) $288,647 (7.4%) 0.63 7,196
2018-06-01 $184,900 (5.7%) $282,702 (5.0%) 0.62 7,538
2018-07-01 $183,750 (2.1%) $281,232 (4.0%) 0.61 7,818
2018-08-01 $182,400 (2.2%) $277,909 (3.9%) 0.61 7,963
2018-09-01 $179,900 (2.8%) $275,367 (3.8%) 0.60 8,057
2018-10-01 $179,450 (2.6%) $272,269 (3.9%) 0.61 8,183
2018-11-01 $174,950 (0.0%) $270,349 (2.6%) 0.59 7,937
2018-12-01 $169,900 (-0.1%) $272,128 (4.6%) 0.59 7,394
2019-01-01 $169,900 (0.0%) $272,520 (4.7%) 0.59 6,999
2019-02-01 $173,700 (2.2%) $278,319 (4.9%) 0.59 6,566
2019-03-01 $181,929 (1.1%) $289,869 (3.9%) 0.59 6,381
2019-04-01 $189,450 (2.5%) $297,075 (4.2%) 0.60 6,375
2019-05-01 $196,000 (4.1%) $302,227 (4.7%) 0.61 6,525
2019-06-01 $199,900 (8.1%) $304,008 (7.5%) 0.62 6,886
2019-07-01 $199,900 (8.8%) $301,682 (7.3%) 0.63 7,163
2019-08-01 $199,655 (9.5%) $299,674 (7.8%) 0.63 7,234
2019-09-01 $199,286 (10.8%) $297,740 (8.1%) 0.64 7,360
2019-10-01 $199,000 (10.9%) $297,386 (9.2%) 0.64 7,444
2019-11-01 $194,000 (10.9%) $299,103 (10.6%) 0.64 7,132
2019-12-01 $189,900 (11.8%) $296,088 (8.8%) 0.63 6,588
2020-01-01 $190,125 (11.9%) $303,760 (11.5%) 0.64 6,159
2020-02-01 $200,000 (15.1%) $317,723 (14.2%) 0.65 5,703
2020-03-01 $214,950 (18.2%) $327,937 (13.1%) 0.67 5,449
2020-04-01 $216,850 (14.5%) $325,812 (9.7%) 0.68 5,305
2020-05-01 $225,000 (14.8%) $329,035 (8.9%) 0.68 5,485
2020-06-01 $242,500 (21.3%) $349,353 (14.9%) 0.71 5,252
2020-07-01 $249,450 (24.8%) $358,188 (18.7%) 0.72 4,978
2020-08-01 $249,000 (24.7%) $355,499 (18.6%) 0.71 4,896
2020-09-01 $243,950 (22.4%) $355,825 (19.5%) 0.70 4,874
2020-10-01 $239,900 (20.6%) $357,081 (20.1%) 0.69 4,724
2020-11-01 $239,450 (23.4%) $354,996 (18.7%) 0.70 4,372
2020-12-01 $234,900 (23.7%) $358,137 (21.0%) 0.70 3,920
2021-01-01 $239,000 (25.7%) $368,453 (21.3%) 0.71 3,402
2021-02-01 $245,000 (22.5%) $390,979 (23.1%) 0.71 2,806
2021-03-01 $249,900 (16.3%) $405,813 (23.8%) 0.71 2,691
2021-04-01 $259,812 (19.8%) $412,056 (26.5%) 0.70 2,791
2021-05-01 $260,000 (15.6%) $407,935 (24.0%) 0.69 2,962
2021-06-01 $257,075 (6.0%) $395,403 (13.2%) 0.68 3,363
2021-07-01 $239,900 (-3.8%) $369,072 (3.0%) 0.63 3,912
2021-08-01 $229,900 (-7.7%) $347,609 (-2.2%) 0.61 4,191
2021-09-01 $227,000 (-7.0%) $341,042 (-4.2%) 0.61 4,331
2021-10-01 $225,000 (-6.2%) $341,720 (-4.3%) 0.60 4,241
2021-11-01 $219,000 (-8.5%) $338,090 (-4.8%) 0.59 3,951
2021-12-01 $209,900 (-10.6%) $335,818 (-6.2%) 0.57 3,492
2022-01-01 $205,000 (-14.2%) $343,579 (-6.8%) 0.55 2,992
2022-02-01 $214,900 (-12.3%) $362,623 (-7.3%) 0.56 2,555
2022-03-01 $219,950 (-12.0%) $371,259 (-8.5%) 0.55 2,484
2022-04-01 $225,000 (-13.4%) $373,309 (-9.4%) 0.54 2,600
2022-05-01 $239,900 (-7.7%) $370,445 (-9.2%) 0.55 3,128
2022-06-01 $239,900 (-6.7%) $365,436 (-7.6%) 0.53 3,530
2022-07-01 $239,900 (0.0%) $361,240 (-2.1%) 0.54 4,024
2022-08-01 $232,500 (1.1%) $349,765 (0.6%) 0.54 4,281
2022-09-01 $225,000 (-0.9%) $337,936 (-0.9%) 0.53 4,405
2022-10-01 $219,900 (-2.3%) $328,287 (-3.9%) 0.52 4,582
2022-11-01 $218,950 (0.0%) $327,304 (-3.2%) 0.53 4,536
2022-12-01 $209,698 (-0.1%) $324,476 (-3.4%) 0.52 4,186
2023-01-01 $199,950 (-2.5%) $326,334 (-5.0%) 0.50 3,706
2023-02-01 $200,000 (-6.9%) $335,855 (-7.4%) 0.48 3,307
2023-03-01 $215,000 (-2.3%) $347,938 (-6.3%) 0.51 3,156
2023-04-01 $225,000 (0.0%) $358,425 (-4.0%) 0.52 3,278
2023-05-01 $238,125 (-0.7%) $370,023 (-0.1%) 0.54 3,241
2023-06-01 $239,950 (0.0%) $386,111 (5.7%) 0.54 3,496
2023-07-01 $249,000 (3.8%) $384,586 (6.5%) 0.57 3,671
2023-08-01 $249,900 (7.5%) $395,709 (13.1%) 0.57 3,831
2023-09-01 $248,750 (10.6%) $390,618 (15.6%) 0.58 4,075
2023-10-01 $246,750 (12.2%) $387,649 (18.1%) 0.58 4,358
2023-11-01 $239,900 (9.6%) $384,098 (17.4%) 0.57 4,431
2023-12-01 $239,000 (14.0%) $388,298 (19.7%) 0.58 4,175
2024-01-01 $234,950 (17.5%) $387,140 (18.6%) 0.57 3,837
Pittsburgh's median listing price for 2024-01-01 was $234,950, a difference of $35,000 (17.5%) versus the prior year and $-4,050 versus the prior month.

Pittsburgh's median listing price comes in at 57% of the national average.

Pittsburgh's average listing price for 2024-01-01 was $387,140, a difference of $60,806 (18.6%) versus the prior year and $-1,158 versus the prior month.

For the 2024-01-01 period, Pittsburgh had 3,837 MLS listings, a difference of -338 listings (-8%) versus the prior month and 131 listings (4%) 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 1,665 sqft
2018-02-01 111 days 1,679 sqft
2018-03-01 96 days 1,704 sqft
2018-04-01 70 days 1,742 sqft
2018-05-01 62 days 1,745 sqft
2018-06-01 57 days 1,726 sqft
2018-07-01 59 days 1,701 sqft
2018-08-01 63 days 1,688 sqft
2018-09-01 69 days 1,696 sqft
2018-10-01 73 days 1,669 sqft
2018-11-01 77 days 1,664 sqft
2018-12-01 88 days 1,644 sqft
2019-01-01 102 days 1,632 sqft
2019-02-01 104 days 1,645 sqft
2019-03-01 88 days 1,674 sqft
2019-04-01 65 days 1,683 sqft
2019-05-01 58 days 1,710 sqft
2019-06-01 57 days 1,723 sqft
2019-07-01 59 days 1,729 sqft
2019-08-01 61 days 1,720 sqft
2019-09-01 65 days 1,709 sqft
2019-10-01 67 days 1,697 sqft
2019-11-01 73 days 1,678 sqft
2019-12-01 87 days 1,659 sqft
2020-01-01 96 days 1,678 sqft
2020-02-01 95 days 1,705 sqft
2020-03-01 74 days 1,718 sqft
2020-04-01 83 days 1,731 sqft
2020-05-01 88 days 1,760 sqft
2020-06-01 83 days 1,796 sqft
2020-07-01 53 days 1,789 sqft
2020-08-01 53 days 1,770 sqft
2020-09-01 53 days 1,739 sqft
2020-10-01 56 days 1,711 sqft
2020-11-01 64 days 1,679 sqft
2020-12-01 74 days 1,679 sqft
2021-01-01 87 days 1,676 sqft
2021-02-01 87 days 1,681 sqft
2021-03-01 65 days 1,700 sqft
2021-04-01 44 days 1,704 sqft
2021-05-01 44 days 1,701 sqft
2021-06-01 40 days 1,692 sqft
2021-07-01 39 days 1,632 sqft
2021-08-01 41 days 1,606 sqft
2021-09-01 46 days 1,599 sqft
2021-10-01 50 days 1,585 sqft
2021-11-01 55 days 1,565 sqft
2021-12-01 65 days 1,554 sqft
2022-01-01 78 days 1,560 sqft
2022-02-01 78 days 1,612 sqft
2022-03-01 57 days 1,609 sqft
2022-04-01 39 days 1,627 sqft
2022-05-01 37 days 1,626 sqft
2022-06-01 37 days 1,621 sqft
2022-07-01 39 days 1,626 sqft
2022-08-01 44 days 1,617 sqft
2022-09-01 50 days 1,587 sqft
2022-10-01 54 days 1,573 sqft
2022-11-01 59 days 1,568 sqft
2022-12-01 72 days 1,548 sqft
2023-01-01 86 days 1,542 sqft
2023-02-01 89 days 1,542 sqft
2023-03-01 64 days 1,573 sqft
2023-04-01 46 days 1,602 sqft
2023-05-01 46 days 1,614 sqft
2023-06-01 47 days 1,636 sqft
2023-07-01 47 days 1,633 sqft
2023-08-01 48 days 1,653 sqft
2023-09-01 51 days 1,620 sqft
2023-10-01 51 days 1,608 sqft
2023-11-01 53 days 1,595 sqft
2023-12-01 66 days 1,571 sqft
2024-01-01 79 days 1,571 sqft
Pittsburgh's median listing age (time on market) for 2024-01-01 was 79 days. This is -8% shorter than the same period one year ago.

Pittsburgh's median square footage for active listings during the 2024-01-01 period was 1,571 sqft. One year prior, the average listing was 1,542 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.