Sunbury VA Loan Rates, Closing Costs & Stats

Sunbury, 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.

    Sunbury's 25 lenders originated 58 VA loans during 2023. The total origination value was $12,350,000, with an average VA loan value of $212,931.

    Sunbury VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sunbury averaged 6.52% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Sunbury's average VA mortgage closing costs are $5,847.

    The average rate for the prior week (2024-11-01) was 6.57% and one month ago for the week of 2024-10-04, the average rate was 5.7%.

    The average rate one year ago was 7.66%.

    For refis of the same type during the week of 2024-11-08, the average rate was 7.84%.

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

    Sunbury 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 Sunbury level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 14 6.80% $5,178
    QUICKEN LOANS, LLC 5 6.29% $15,093
    Citizens Bank 4 5.75% $11,591
    UNITED WHOLESALE MORTGAGE, LLC 3 6.57% $3,790
    CHERRY CREEK MORTGAGE, LLC 2 6.50% $4,662
    FREEDOM MORTGAGE CORPORATION 2 7.00% $14,380
    NAVY FEDERAL CREDIT UNION 2 6.19% $2,848
    USAA Federal Savings Bank 2 6.31% $4,651
    LOANDEPOT.COM, LLC 2 6.75% $13,837
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $8,207
    The Federal Savings Bank 1 5.75% $17,519
    Truist 1 6.13% $4,921
    Univest Bank and Trust Co. 1 5.88% $7,473
    VILLAGE CAPITAL MORTGAGE 1 7.25% $18,640
    Barrington Bank & Trust Company, N.A. 1 8.25% $2,753
    Waterstone Mortgage Corporation 1 6.13% $6,475
    CARDINAL FINANCIAL 1 6.25% $18,367
    Century Mortgage Company DBA Century Lending Company 1 6.63% $2,434
    Keystone Funding, Inc. 1 7.25% $8,444
    Mid-Continent Funding, Inc. 1 7.25% $4,864
    Mortgage America, Inc. 1 5.75% $4,923
    Mr. Cooper ( Nationstar Mortgage ) 1 7.13% $16,844
    NEW DAY FINANCIAL, LLC 1 7.49% $13,098
    Northpointe Bank 1 6.25% $7,216
    PENNYMAC LOAN SERVICES, LLC 1 5.63% $11,970

    The top Sunbury VA lender as defined by loan originations is Mortgage Research Center, LLC, with 14 VA loans originated. Their average total fees are $5,178, which is $9,915 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Sunbury VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,178), .

    The lowest rate Sunbury VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.80%), .

    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.