Reading VA Loan Rates, Closing Costs & Stats

READING, PA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Reading's 76 lenders originated 327 VA loans during 2024. The total origination value was $112,095,000, with an average VA loan value of $342,798.

    Reading VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Reading averaged 6.79% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Reading's average VA mortgage closing costs are $7,254.

    The average rate for the prior week (2025-05-16) was 6.67% and one month ago for the week of 2025-04-18, the average rate was 6.65%.

    The average rate one year ago was 6.76%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.97%.

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

    Reading 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 Reading level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 49 6.37% $8,110
    UNITED WHOLESALE MORTGAGE, LLC 35 5.79% $8,037
    FREEDOM MORTGAGE CORPORATION 25 6.17% $8,523
    QUICKEN LOANS, LLC 15 6.08% $11,838
    PENNYMAC LOAN SERVICES, LLC 15 5.80% $8,114
    NEW DAY FINANCIAL, LLC 14 7.59% $15,282
    NEWREZ LLC 10 6.36% $10,738
    NAVY FEDERAL CREDIT UNION 10 5.64% $7,312
    USAA Federal Savings Bank 7 6.09% $8,558
    Mortgage America, Inc. 7 5.93% $12,394
    CMG MORTGAGE, INC. 7 6.28% $13,826
    BROKER SOLUTIONS, INC. 6 6.60% $15,515
    CROSSCOUNTRY MORTGAGE, LLC 6 6.40% $9,130
    Univest Bank and Trust Co. 5 5.85% $6,992
    LOANDEPOT.COM, LLC 5 6.37% $10,481
    MOVEMENT MORTGAGE, LLC 4 6.34% $15,855
    GUARANTEED RATE, INC. 3 6.03% $12,240
    Magnolia Bank 3 6.13% $15,934
    PLAZA HOME MORTGAGE, INC. 3 6.46% $22,031
    VILLAGE CAPITAL MORTGAGE 2 5.50% $4,787
    PLANET HOME LENDING, LLC 2 5.99% $5,605
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.63% $18,869
    GUILD MORTGAGE COMPANY 2 6.44% $10,796
    EMM LOANS LLC 2 6.75% $13,022
    Homesale Mortgage, LLC 2 6.88% $7,180
    Paramount Residential Mortgage Group, Inc. 2 6.69% $16,189
    Credence Funding Corporation 2 6.06% $4,320
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.25% $14,793
    Keystone Funding, Inc. 2 6.00% $8,678
    The Federal Savings Bank 2 5.94% $21,533
    Truist 2 6.48% $5,042
    UNION HOME MORTGAGE CORP. 2 6.63% $8,977
    NFM, INC. 2 6.81% $24,766
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.38% $13,210
    Flagstar Bank, FSB 2 6.50% $10,098
    FIRST COLONY MORTGAGE CORPORATION 2 6.19% $9,621
    PENTAGON FEDERAL CREDIT UNION 2 6.31% $8,552
    DHI MORTGAGE COMPANY, LTD. 2 5.68% $13,123
    ZILLOW HOME LOANS, LLC 1 5.63% $19,247
    Alcova Mortgage LLC 1 6.88% $7,948
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.25% $17,074
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.25% $6,844
    AmeriHome Mortgage Company, LLC 1 6.13% $4,165
    Ameris Bank 1 5.63% $4,080
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $3,154
    Armed Forces Bank 1 5.50% $6,036
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.13% $14,516
    CALCON MUTUAL MORTGAGE LLC 1 5.50% $5,154
    CARDINAL FINANCIAL 1 6.75% $13,186
    Carrington Mortgage Services, LLC 1 6.00% $3,602
    CLEARPATH LENDING 1 5.75% $15,256
    CONTOUR MORTGAGE CORPORATION 1 6.13% $6,315
    Equity Prime Mortgage LLC 1 5.50% $12,052
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $6,771
    First Citizens Community Bank 1 6.63% $9,297
    Fulton Bank 1 7.63% $7,783
    GoPrime Mortgage, Inc. 1 6.63% $6,101
    GUARANTEED RATE AFFINITY, LLC 1 6.13% $5,463
    HomePromise Corporation 1 7.75% $9,151
    KeyBank 1 6.25% $3,683
    LAKEVIEW LOAN SERVICING, LLC 1 5.13% $7,518
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $36,357
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $3,628
    M&T Bank 1 7.00% $9,114
    NATIONS DIRECT MORTGAGE, LLC 1 6.75% $4,117
    OceanFirst Bank 1 5.63% $8,255
    Orrstown Bank 1 6.25% $5,966
    PHH Mortgage Corporation 1 6.63% $18,017
    Plains Commerce Bank 1 6.25% $11,829
    PNC Bank 1 6.63% $4,826
    Princeton Mortgage Corporation 1 5.25% $7,122
    Prosperity Home Mortgage, LLC 1 6.63% $7,185
    RELIANCE FIRST CAPITAL, LLC 1 6.13% $17,997
    SUN WEST MORTGAGE COMPANY, INC. 1 6.38% $9,183
    UNITED MORTGAGE CORP 1 7.25% $7,874
    Acre Mortgage and Financial Inc 1 6.63% $10,287

    The top Reading VA lender as defined by loan originations is Mortgage Research Center, LLC, with 49 VA loans originated. Their average total fees are $8,110, which is $74 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Reading VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($7,312), UNITED WHOLESALE MORTGAGE, LLC ($8,037), Mortgage Research Center, LLC ($8,110), PENNYMAC LOAN SERVICES, LLC ($8,114) and FREEDOM MORTGAGE CORPORATION ($8,523).

    The lowest rate Reading VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.64%), UNITED WHOLESALE MORTGAGE, LLC (5.79%), PENNYMAC LOAN SERVICES, LLC (5.80%), QUICKEN LOANS, LLC (6.08%) and FREEDOM MORTGAGE CORPORATION (6.17%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Reading (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 $171,945 (1.2%) $224,586 (3.4%) 0.64 1,241
    2018-02-01 $174,950 (0.7%) $224,243 (0.6%) 0.64 1,159
    2018-03-01 $179,900 (2.8%) $232,726 (4.0%) 0.63 1,103
    2018-04-01 $186,875 (1.1%) $237,457 (3.7%) 0.63 1,159
    2018-05-01 $199,900 (5.3%) $247,733 (6.8%) 0.67 1,191
    2018-06-01 $209,945 (10.8%) $256,616 (9.7%) 0.70 1,253
    2018-07-01 $209,050 (10.1%) $255,063 (7.8%) 0.70 1,253
    2018-08-01 $210,500 (13.8%) $255,859 (9.0%) 0.71 1,253
    2018-09-01 $209,900 (16.7%) $253,270 (9.3%) 0.71 1,255
    2018-10-01 $209,950 (17.4%) $255,392 (10.2%) 0.71 1,246
    2018-11-01 $209,900 (20.2%) $254,543 (12.6%) 0.71 1,239
    2018-12-01 $204,990 (17.2%) $251,406 (9.4%) 0.71 1,176
    2019-01-01 $199,948 (16.3%) $251,747 (12.1%) 0.69 1,071
    2019-02-01 $199,945 (14.3%) $256,610 (14.4%) 0.68 1,009
    2019-03-01 $208,471 (15.9%) $261,668 (12.4%) 0.68 997
    2019-04-01 $222,400 (19.0%) $268,807 (13.2%) 0.71 987
    2019-05-01 $222,400 (11.3%) $269,733 (8.9%) 0.70 1,006
    2019-06-01 $220,000 (4.8%) $268,946 (4.8%) 0.69 1,030
    2019-07-01 $219,900 (5.2%) $265,874 (4.2%) 0.69 1,095
    2019-08-01 $218,991 (4.0%) $269,232 (5.2%) 0.69 1,077
    2019-09-01 $225,127 (7.3%) $273,995 (8.2%) 0.72 1,043
    2019-10-01 $232,445 (10.7%) $278,665 (9.1%) 0.75 998
    2019-11-01 $235,000 (12.0%) $280,092 (10.0%) 0.77 953
    2019-12-01 $233,725 (14.0%) $281,449 (12.0%) 0.78 841
    2020-01-01 $229,950 (15.0%) $282,298 (12.1%) 0.77 770
    2020-02-01 $247,300 (23.7%) $287,164 (11.9%) 0.81 717
    2020-03-01 $259,900 (24.7%) $297,749 (13.8%) 0.81 675
    2020-04-01 $274,674 (23.5%) $313,591 (16.7%) 0.86 593
    2020-05-01 $259,900 (16.9%) $303,032 (12.4%) 0.79 619
    2020-06-01 $249,950 (13.6%) $306,374 (13.9%) 0.74 587
    2020-07-01 $272,650 (24.0%) $326,195 (22.7%) 0.79 486
    2020-08-01 $270,000 (23.3%) $322,004 (19.6%) 0.77 479
    2020-09-01 $259,975 (15.5%) $317,546 (15.9%) 0.74 477
    2020-10-01 $264,900 (14.0%) $325,747 (16.9%) 0.76 460
    2020-11-01 $267,400 (13.8%) $315,962 (12.8%) 0.78 465
    2020-12-01 $262,400 (12.3%) $311,155 (10.6%) 0.78 432
    2021-01-01 $259,000 (12.6%) $317,005 (12.3%) 0.77 367
    2021-02-01 $284,900 (15.2%) $346,614 (20.7%) 0.83 284
    2021-03-01 $288,450 (11.0%) $354,339 (19.0%) 0.82 274
    2021-04-01 $279,075 (1.6%) $341,853 (9.0%) 0.76 285
    2021-05-01 $274,900 (5.8%) $339,395 (12.0%) 0.73 313
    2021-06-01 $237,748 (-4.9%) $314,874 (2.8%) 0.63 407
    2021-07-01 $249,245 (-8.6%) $322,735 (-1.1%) 0.66 414
    2021-08-01 $246,495 (-8.7%) $315,304 (-2.1%) 0.66 448
    2021-09-01 $242,450 (-6.7%) $312,485 (-1.6%) 0.65 438
    2021-10-01 $245,990 (-7.1%) $320,052 (-1.8%) 0.66 438
    2021-11-01 $245,220 (-8.3%) $310,791 (-1.6%) 0.66 411
    2021-12-01 $232,500 (-11.4%) $296,653 (-4.7%) 0.63 352
    2022-01-01 $239,900 (-7.4%) $308,839 (-2.6%) 0.65 273
    2022-02-01 $239,450 (-16.0%) $313,873 (-9.5%) 0.62 261
    2022-03-01 $254,725 (-11.7%) $332,217 (-6.2%) 0.64 251
    2022-04-01 $259,950 (-6.9%) $336,724 (-1.5%) 0.62 270
    2022-05-01 $249,950 (-9.1%) $331,140 (-2.4%) 0.57 280
    2022-06-01 $255,000 (7.3%) $345,783 (9.8%) 0.57 341
    2022-07-01 $254,900 (2.3%) $341,887 (5.9%) 0.57 395
    2022-08-01 $264,975 (7.5%) $338,426 (7.3%) 0.61 414
    2022-09-01 $248,700 (2.6%) $329,147 (5.3%) 0.58 425
    2022-10-01 $250,000 (1.6%) $334,888 (4.6%) 0.59 423
    2022-11-01 $272,450 (11.1%) $344,724 (10.9%) 0.65 413
    2022-12-01 $279,900 (20.4%) $337,642 (13.8%) 0.69 359
    2023-01-01 $274,925 (14.6%) $347,775 (12.6%) 0.68 306
    2023-02-01 $287,400 (20.0%) $357,876 (14.0%) 0.69 280
    2023-03-01 $298,725 (17.3%) $382,152 (15.0%) 0.70 283
    2023-04-01 $317,450 (22.1%) $386,628 (14.8%) 0.74 297
    2023-05-01 $319,950 (28.0%) $398,014 (20.2%) 0.73 308
    2023-06-01 $339,741 (33.2%) $415,642 (20.2%) 0.76 322
    2023-07-01 $337,754 (32.5%) $423,547 (23.9%) 0.77 310
    2023-08-01 $332,950 (25.7%) $404,337 (19.5%) 0.76 326
    2023-09-01 $349,900 (40.7%) $407,398 (23.8%) 0.81 342
    2023-10-01 $348,197 (39.3%) $406,877 (21.5%) 0.82 367
    2023-11-01 $336,200 (23.4%) $395,412 (14.7%) 0.80 376
    2023-12-01 $316,750 (13.2%) $371,887 (10.1%) 0.77 360
    2024-01-01 $307,450 (11.8%) $369,204 (6.2%) 0.75 305
    2024-02-01 $306,200 (6.5%) $365,293 (2.1%) 0.74 280
    2024-03-01 $298,500 (-0.1%) $378,392 (-1.0%) 0.70 262
    2024-04-01 $325,000 (2.4%) $397,227 (2.7%) 0.76 278
    2024-05-01 $349,925 (9.4%) $419,082 (5.3%) 0.80 285
    2024-06-01 $349,450 (2.9%) $428,576 (3.1%) 0.79 300
    2024-07-01 $342,450 (1.4%) $414,621 (-2.1%) 0.78 359
    2024-08-01 $339,900 (2.1%) $414,093 (2.4%) 0.79 388
    2024-09-01 $344,900 (-1.4%) $417,700 (2.5%) 0.81 396
    2024-10-01 $347,450 (-0.2%) $399,825 (-1.7%) 0.82 420
    2024-11-01 $335,000 (-0.4%) $393,399 (-0.5%) 0.80 425
    2024-12-01 $329,950 (4.2%) $388,851 (4.6%) 0.82 382
    2025-01-01 $330,000 (7.3%) $388,060 (5.1%) 0.82 364
    2025-02-01 $338,700 (10.6%) $385,473 (5.5%) 0.82 340
    2025-03-01 $329,900 (10.5%) $401,729 (6.2%) 0.78 305
    2025-04-01 $334,950 (3.1%) $404,996 (2.0%) 0.78 313
    Reading's median listing price for 2025-04-01 was $334,950, a difference of $9,950 (3.1%) versus the prior year and $5,050 versus the prior month.

    Reading's median listing price comes in at 78% of the national average.

    Reading's average listing price for 2025-04-01 was $404,996, a difference of $7,769 (2.0%) versus the prior year and $3,267 versus the prior month.

    For the 2025-04-01 period, Reading had 313 MLS listings, a difference of 8 listings (3%) versus the prior month and 35 listings (13%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Reading (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 92 days 1,742 sqft
    2018-02-01 90 days 1,767 sqft
    2018-03-01 65 days 1,791 sqft
    2018-04-01 52 days 1,812 sqft
    2018-05-01 52 days 1,862 sqft
    2018-06-01 53 days 1,917 sqft
    2018-07-01 58 days 1,884 sqft
    2018-08-01 60 days 1,887 sqft
    2018-09-01 64 days 1,900 sqft
    2018-10-01 67 days 1,899 sqft
    2018-11-01 67 days 1,881 sqft
    2018-12-01 73 days 1,856 sqft
    2019-01-01 85 days 1,856 sqft
    2019-02-01 87 days 1,881 sqft
    2019-03-01 69 days 1,938 sqft
    2019-04-01 47 days 1,998 sqft
    2019-05-01 39 days 1,985 sqft
    2019-06-01 40 days 1,952 sqft
    2019-07-01 44 days 1,947 sqft
    2019-08-01 48 days 1,960 sqft
    2019-09-01 53 days 1,992 sqft
    2019-10-01 58 days 2,023 sqft
    2019-11-01 58 days 2,036 sqft
    2019-12-01 70 days 2,010 sqft
    2020-01-01 77 days 2,025 sqft
    2020-02-01 66 days 2,048 sqft
    2020-03-01 44 days 2,080 sqft
    2020-04-01 66 days 2,134 sqft
    2020-05-01 74 days 2,034 sqft
    2020-06-01 40 days 2,047 sqft
    2020-07-01 34 days 2,109 sqft
    2020-08-01 28 days 2,144 sqft
    2020-09-01 25 days 2,030 sqft
    2020-10-01 41 days 2,052 sqft
    2020-11-01 42 days 2,010 sqft
    2020-12-01 47 days 1,963 sqft
    2021-01-01 57 days 1,934 sqft
    2021-02-01 62 days 2,100 sqft
    2021-03-01 45 days 1,986 sqft
    2021-04-01 30 days 1,949 sqft
    2021-05-01 25 days 1,889 sqft
    2021-06-01 31 days 1,810 sqft
    2021-07-01 38 days 1,831 sqft
    2021-08-01 39 days 1,810 sqft
    2021-09-01 39 days 1,784 sqft
    2021-10-01 43 days 1,792 sqft
    2021-11-01 45 days 1,784 sqft
    2021-12-01 48 days 1,754 sqft
    2022-01-01 50 days 1,692 sqft
    2022-02-01 42 days 1,739 sqft
    2022-03-01 28 days 1,765 sqft
    2022-04-01 27 days 1,805 sqft
    2022-05-01 22 days 1,768 sqft
    2022-06-01 23 days 1,776 sqft
    2022-07-01 29 days 1,780 sqft
    2022-08-01 32 days 1,794 sqft
    2022-09-01 40 days 1,774 sqft
    2022-10-01 39 days 1,790 sqft
    2022-11-01 42 days 1,853 sqft
    2022-12-01 56 days 1,841 sqft
    2023-01-01 62 days 1,824 sqft
    2023-02-01 50 days 1,905 sqft
    2023-03-01 37 days 1,979 sqft
    2023-04-01 33 days 1,960 sqft
    2023-05-01 33 days 1,982 sqft
    2023-06-01 37 days 1,970 sqft
    2023-07-01 38 days 1,979 sqft
    2023-08-01 35 days 1,930 sqft
    2023-09-01 41 days 1,969 sqft
    2023-10-01 38 days 1,981 sqft
    2023-11-01 38 days 1,880 sqft
    2023-12-01 45 days 1,848 sqft
    2024-01-01 52 days 1,822 sqft
    2024-02-01 38 days 1,807 sqft
    2024-03-01 36 days 1,702 sqft
    2024-04-01 29 days 1,821 sqft
    2024-05-01 26 days 1,934 sqft
    2024-06-01 27 days 1,986 sqft
    2024-07-01 29 days 1,957 sqft
    2024-08-01 34 days 1,966 sqft
    2024-09-01 35 days 1,950 sqft
    2024-10-01 34 days 1,959 sqft
    2024-11-01 38 days 1,885 sqft
    2024-12-01 43 days 1,881 sqft
    2025-01-01 50 days 1,893 sqft
    2025-02-01 37 days 1,820 sqft
    2025-03-01 30 days 1,808 sqft
    2025-04-01 23 days 1,801 sqft
    Reading's median listing age (time on market) for 2025-04-01 was 23 days. This is -21% shorter than the same period one year ago.

    Reading's median square footage for active listings during the 2025-04-01 period was 1,801 sqft. One year prior, the average listing was 1,821 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.