Pittsburgh VA Loan Rates, Closing Costs & Stats

PITTSBURGH, PA

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    • 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 121 lenders originated 1,408 VA loans during 2023. The total origination value was $366,970,000, with an average VA loan value of $260,632.

    Pittsburgh VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Pittsburgh averaged 6.5% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Pittsburgh's average VA mortgage closing costs are $6,379.

    The average rate for the prior week (2024-11-01) was 6.36% and one month ago for the week of 2024-10-04, the average rate was 5.68%.

    The average rate one year ago was 7.64%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.52%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 336 6.72% $5,741
    UNITED WHOLESALE MORTGAGE, LLC 88 6.46% $8,149
    NAVY FEDERAL CREDIT UNION 71 5.93% $6,151
    QUICKEN LOANS, LLC 70 6.37% $11,530
    NVR Mortgage Finance, Inc. 42 5.76% $8,782
    USAA Federal Savings Bank 40 6.24% $9,580
    NEW DAY FINANCIAL, LLC 31 7.50% $16,052
    Citizens Bank 29 6.25% $9,291
    FREEDOM MORTGAGE CORPORATION 26 6.58% $15,622
    MOVEMENT MORTGAGE, LLC 25 6.73% $8,987
    STOCKTON MORTGAGE CORPORATION 22 6.58% $9,935
    HOWARD HANNA FINANCIAL SERVICES, INC. 22 6.38% $11,158
    PLAZA HOME MORTGAGE, INC. 22 6.49% $10,210
    PENNYMAC LOAN SERVICES, LLC 22 5.70% $11,039
    AFFORDABLE MORTGAGE ADVISORS, LLC. 21 6.64% $10,905
    EQUITY RESOURCES, INC. 19 6.47% $8,980
    LOANDEPOT.COM, LLC 18 6.42% $10,801
    CROSSCOUNTRY MORTGAGE, LLC 17 6.75% $5,554
    UNION HOME MORTGAGE CORP. 16 6.59% $12,047
    GUARANTEED RATE AFFINITY, LLC 15 6.40% $5,972
    The Federal Savings Bank 15 6.68% $15,371
    The Huntington National Bank 15 6.55% $6,836
    WEST PENN FINANCIAL SERVICE CENTER, INC. 15 6.32% $8,342
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.54% $5,805
    Mr. Cooper ( Nationstar Mortgage ) 11 6.03% $12,468
    GUARANTEED RATE, INC. 11 6.17% $4,408
    RELIANCE FIRST CAPITAL, LLC 11 6.08% $11,254
    Victorian Finance, LLC 10 6.33% $10,400
    PLANET HOME LENDING, LLC 10 6.43% $8,085
    NEWREZ LLC 9 6.78% $9,354
    Barrington Bank & Trust Company, N.A. 8 6.61% $6,865
    AMERISAVE MORTGAGE CORPORATION 8 6.06% $14,080
    CARDINAL FINANCIAL 8 6.63% $10,220
    Mid-Continent Funding, Inc. 8 6.20% $10,023
    VILLAGE CAPITAL MORTGAGE 8 6.17% $6,408
    PENTAGON FEDERAL CREDIT UNION 7 5.57% $10,564
    Equity Prime Mortgage LLC 7 7.30% $4,830
    U.S. Bank 7 6.50% $8,245
    CMG MORTGAGE, INC. 6 6.25% $14,270
    BROKER SOLUTIONS, INC. 6 6.88% $9,596
    BAY EQUITY LLC 6 6.39% $9,105
    DEVELOPER'S MORTGAGE COMPANY 5 6.28% $8,254
    Flagstar Bank, FSB 5 6.00% $10,855
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.40% $4,414
    AMERICAN FINANCIAL NETWORK, INC. 5 6.23% $7,436
    HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.12% $8,347
    FEDERATED MORTGAGE CORP. 5 7.08% $9,675
    MICHIGAN MUTUAL, INC. 5 6.38% $7,357
    Sail Mortgage Corp. 4 6.47% $9,434
    KeyBank 4 6.38% $4,896
    AMCAP MORTGAGE, LTD. 4 6.78% $15,153
    First Federal Bank 4 7.16% $14,185
    Union Savings Bank 4 6.19% $3,827
    First National Bank of Pennsylvania 4 5.88% $6,255
    Magnolia Bank 4 6.28% $18,252
    Nations Lending Corporation 4 6.72% $13,119
    Wells Fargo Bank 4 5.88% $9,555
    WesBanco 4 6.16% $6,926
    MILEND, INC. 3 7.00% $6,799
    First Commonwealth Bank 3 5.88% $10,361
    GUILD MORTGAGE COMPANY 3 6.63% $11,421
    Paramount Residential Mortgage Group, Inc. 3 6.17% $11,515
    PNC Bank 3 6.96% $6,585
    Ameris Bank 3 6.38% $10,948
    TOWNE MORTGAGE COMPANY 3 6.00% $8,129
    Univest Bank and Trust Co. 3 6.38% $12,131
    ALLIED MORTGAGE GROUP, INC. 3 6.63% $9,525
    NBKC BANK 2 6.13% $5,647
    Century Mortgage Company DBA Century Lending Company 2 6.63% $12,011
    CONTOUR MORTGAGE CORPORATION 2 5.94% $18,145
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.31% $17,106
    NATIONS DIRECT MORTGAGE, LLC 2 6.50% $13,887
    DAS Acquisition Company, LLC 2 6.94% $3,267
    Community First National Bank 2 5.75% $7,083
    Northwest Bank 2 5.56% $11,945
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 7.75% $9,217
    ROYAL UNITED MORTGAGE LLC 2 7.06% $13,259
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.94% $5,819
    TIDEWATER MORTGAGE SERVICES, INC. 2 7.06% $6,418
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.56% $8,093
    LOANPAL, LLC 2 6.13% $15,684
    JPMorgan Chase Bank 2 6.44% $2,238
    Ixonia Bank 2 7.75% $5,024
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $5,459
    BAY CAPITAL MORTGAGE CORPORATION 1 7.38% $6,747
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.75% $4,409
    FIRST COMMUNITY MORTGAGE, INC. 1 7.00% $7,853
    Bank of America 1 7.75% $3,908
    Gateway First Bank 1 6.75% $3,060
    AXIA FINANCIAL, LLC 1 7.13% $8,300
    Atlantic Coast Mortgage, LLC 1 6.25% $14,889
    Dollar Bank, Federal Savings Bank 1 6.38% $3,275
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $9,986
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.50% $11,978
    Prosperity Home Mortgage, LLC 1 7.50% $7,475
    EMM LOANS LLC 1 6.25% $10,364
    Armed Forces Bank 1 6.13% $10,524
    First Federal Savings and Loan Association of Greene Co 1 6.70% $4,672
    First United Bank and Trust Company 1 6.88% $8,178
    Service Federal Credit Union 1 5.50% $4,008
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.50% $6,176
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.75% $20,498
    LAND HOME FINANCIAL SERVICES, INC. 1 6.75% $6,535
    Strong Home Mortgage, LLC 1 7.50% $6,128
    SUN WEST MORTGAGE COMPANY, INC. 1 7.13% $8,541
    SWBC MORTGAGE CORPORATION 1 6.75% $5,357
    EMBRACE HOME LOANS, INC. 1 5.99% $17,036
    MORTGAGE ACCESS CORP. 1 6.13% $14,836
    MORTGAGEONE, INC. 1 7.75% $14,989
    CHURCHILL MORTGAGE CORPORATION 1 6.25% $24,814
    GUARANTY HOME MORTGAGE CORPORATION 1 6.00% $5,423
    ARC HOME LLC 1 5.63% $3,032
    EVERETT FINANCIAL, INC. 1 7.13% $695
    Keystone Funding, Inc. 1 7.00% $8,499
    Evolve Bank & Trust 1 6.50% $0
    AmeriHome Mortgage Company, LLC 1 6.25% $10,653
    BNC National Bank 1 6.25% $17,845
    First Heritage Mortgage, LLC 1 6.50% $6,288
    Goldwater Bank, N.A. 1 6.50% $4,628
    BAYCOAST MORTGAGE COMPANY, LLC 1 6.00% $3,311
    Meridian Bank Corporation 1 5.00% $14,010

    The top Pittsburgh VA lender as defined by loan originations is Mortgage Research Center, LLC, with 336 VA loans originated. Their average total fees are $5,741, which is $2,408 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Pittsburgh VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($4,408), CROSSCOUNTRY MORTGAGE, LLC ($5,554), Mortgage Research Center, LLC ($5,741), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,805) and GUARANTEED RATE AFFINITY, LLC ($5,972).

    The lowest rate Pittsburgh VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.70%), NVR Mortgage Finance, Inc. (5.76%), NAVY FEDERAL CREDIT UNION (5.93%), Mr. Cooper ( Nationstar Mortgage ) (6.03%) and RELIANCE FIRST CAPITAL, LLC (6.08%).

    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.