Warren VA Loan Rates, Closing Costs & Stats

Warren, 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.

    Warren's 10 lenders originated 33 VA loans during 2023. The total origination value was $5,475,000, with an average VA loan value of $165,909.

    Warren VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Warren averaged 7.17% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Warren's average VA mortgage closing costs are $4,583.

    The average rate for the prior week (2024-04-12) was 6.9% and one month ago for the week of 2024-03-15, the average rate was 6.96%.

    The average rate one year ago was 6.15%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Warren 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 Warren level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 11 6.93% $2,992
    QUICKEN LOANS, LLC 5 6.19% $9,235
    USAA Federal Savings Bank 5 6.58% $7,880
    TIDEWATER MORTGAGE SERVICES, INC. 4 7.06% $9,817
    INTERNATIONAL CITY MORTGAGE, INC. 1 5.50% $7,614
    PENTAGON FEDERAL CREDIT UNION 1 5.38% $12,727
    PENNYMAC LOAN SERVICES, LLC 1 5.00% $3,979
    NEW DAY FINANCIAL, LLC 1 7.50% $10,161
    NEWREZ LLC 1 6.63% $11,393
    Northwest Bank 1 5.88% $3,992

    The top Warren VA lender as defined by loan originations is Mortgage Research Center, LLC, with 11 VA loans originated. Their average total fees are $2,992, which is $6,243 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Warren VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($2,992), .

    The lowest rate Warren VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.93%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Warren (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 $64,975 (-5.8%) $157,359 (57.4%) 0.00 214
    2018-02-01 $63,925 (-7.4%) $126,011 (28.6%) 0.00 213
    2018-03-01 $67,450 (-2.4%) $126,473 (21.7%) 0.00 217
    2018-04-01 $67,925 (4.7%) $129,660 (26.3%) 0.00 211
    2018-05-01 $67,725 (-0.8%) $128,248 (12.7%) 0.00 211
    2018-06-01 $74,900 (7.5%) $140,100 (22.4%) 0.00 207
    2018-07-01 $105,175 (33.1%) $172,886 (46.6%) 0.00 150
    2018-08-01 $104,675 (38.7%) $166,748 (-1.0%) 0.00 169
    2018-09-01 $99,900 (33.2%) $158,889 (-3.5%) 0.00 175
    2018-10-01 $93,575 (29.5%) $159,535 (-0.7%) 0.00 181
    2018-11-01 $95,950 (37.3%) $158,723 (2.0%) 0.00 181
    2018-12-01 $97,500 (40.9%) $162,302 (6.6%) 0.00 169
    2019-01-01 $90,850 (39.8%) $148,732 (-5.5%) 0.00 155
    2019-02-01 $91,175 (42.6%) $153,092 (21.5%) 0.00 148
    2019-03-01 $78,986 (17.1%) $140,163 (10.8%) 0.00 170
    2019-04-01 $63,150 (-7.0%) $122,802 (-5.3%) 0.00 203
    2019-05-01 $61,950 (-8.5%) $117,488 (-8.4%) 0.00 201
    2019-06-01 $65,000 (-13.2%) $120,645 (-13.9%) 0.00 204
    2019-07-01 $65,000 (-38.2%) $120,656 (-30.2%) 0.00 204
    2019-08-01 $63,609 (-39.2%) $115,831 (-30.5%) 0.00 206
    2019-09-01 $61,523 (-38.4%) $106,249 (-33.1%) 0.00 210
    2019-10-01 $62,682 (-33.0%) $100,910 (-36.8%) 0.00 215
    2019-11-01 $69,900 (-27.2%) $104,826 (-34.0%) 0.00 205
    2019-12-01 $64,675 (-33.7%) $104,701 (-35.5%) 0.00 191
    2020-01-01 $66,975 (-26.3%) $106,272 (-28.6%) 0.00 178
    2020-02-01 $63,900 (-29.9%) $104,276 (-31.9%) 0.00 161
    2020-03-01 $63,100 (-20.1%) $105,483 (-24.7%) 0.00 159
    2020-04-01 $65,925 (4.4%) $109,276 (-11.0%) 0.00 155
    2020-05-01 $65,000 (4.9%) $113,077 (-3.8%) 0.00 151
    2020-06-01 $57,400 (-11.7%) $110,290 (-8.6%) 0.00 138
    2020-07-01 $54,225 (-16.6%) $111,902 (-7.3%) 0.00 139
    2020-08-01 $53,000 (-16.7%) $118,585 (2.4%) 0.00 129
    2020-09-01 $50,425 (-18.0%) $115,588 (8.8%) 0.00 119
    2020-10-01 $55,500 (-11.5%) $121,558 (20.5%) 0.00 106
    2020-11-01 $50,750 (-27.4%) $114,686 (9.4%) 0.00 103
    2020-12-01 $50,500 (-21.9%) $116,164 (11.0%) 0.00 101
    2021-01-01 $52,000 (-22.4%) $107,055 (0.7%) 0.00 93
    2021-02-01 $54,175 (-15.2%) $106,427 (2.1%) 0.00 96
    2021-03-01 $44,425 (-29.6%) $112,958 (7.1%) 0.00 89
    2021-04-01 $41,000 (-37.8%) $108,275 (-0.9%) 0.00 88
    2021-05-01 $46,000 (-29.2%) $112,062 (-0.9%) 0.00 87
    2021-06-01 $46,225 (-19.5%) $109,001 (-1.2%) 0.00 86
    2021-07-01 $108,450 (100.0%) $164,234 (46.8%) 0.00 56
    2021-08-01 $114,900 (116.8%) $175,148 (47.7%) 0.00 51
    2021-09-01 $126,825 (151.5%) $165,980 (43.6%) 0.00 52
    2021-10-01 $126,500 (127.9%) $164,086 (35.0%) 0.00 48
    2021-11-01 $123,975 (144.3%) $156,730 (36.7%) 0.00 49
    2021-12-01 $127,450 (152.4%) $179,387 (54.4%) 0.00 47
    2022-01-01 $129,500 (149.0%) $194,789 (82.0%) 0.00 30
    2022-02-01 $123,400 (127.8%) $175,614 (65.0%) 0.00 20
    2022-03-01 $129,925 (192.5%) $183,316 (62.3%) 0.00 27
    2022-04-01 $143,500 (250.0%) $212,770 (96.5%) 0.00 22
    2022-05-01 $135,000 (193.5%) $235,572 (110.2%) 0.00 28
    2022-06-01 $167,450 (262.3%) $225,930 (107.3%) 0.00 40
    2022-07-01 $180,000 (66.0%) $228,981 (39.4%) 0.00 49
    2022-08-01 $174,950 (52.3%) $213,128 (21.7%) 0.00 59
    2022-09-01 $157,475 (24.2%) $198,012 (19.3%) 0.00 58
    2022-10-01 $150,000 (18.6%) $206,382 (25.8%) 0.00 61
    2022-11-01 $132,250 (6.7%) $192,474 (22.8%) 0.00 58
    2022-12-01 $137,500 (7.9%) $192,885 (7.5%) 0.00 53
    2023-01-01 $140,075 (8.2%) $179,289 (-8.0%) 0.00 49
    2023-02-01 $142,300 (15.3%) $163,276 (-7.0%) 0.00 49
    2023-03-01 $129,675 (-0.2%) $155,921 (-14.9%) 0.00 49
    2023-04-01 $139,900 (-2.5%) $174,962 (-17.8%) 0.00 42
    2023-05-01 $114,400 (-15.3%) $181,245 (-23.1%) 0.00 37
    2023-06-01 $130,550 (-22.0%) $202,983 (-10.2%) 0.00 43
    2023-07-01 $162,450 (-9.8%) $251,423 (9.8%) 0.00 53
    2023-08-01 $144,900 (-17.2%) $240,731 (13.0%) 0.00 52
    2023-09-01 $146,824 (-6.8%) $236,490 (19.4%) 0.00 56
    2023-10-01 $146,824 (-2.1%) $229,014 (11.0%) 0.00 53
    2023-11-01 $188,500 (42.5%) $247,017 (28.3%) 0.00 57
    2023-12-01 $188,000 (36.7%) $245,409 (27.2%) 0.00 51
    2024-01-01 $177,450 (26.7%) $250,830 (39.9%) 0.00 49
    2024-02-01 $165,000 (16.0%) $221,179 (35.5%) 0.00 51
    2024-03-01 $175,000 (35.0%) $228,932 (46.8%) 0.00 48
    Warren's median listing price for 2024-03-01 was $175,000, a difference of $45,325 (35.0%) versus the prior year and $10,000 versus the prior month.

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

    Warren's average listing price for 2024-03-01 was $228,932, a difference of $73,011 (46.8%) versus the prior year and $7,753 versus the prior month.

    For the 2024-03-01 period, Warren had 48 MLS listings, a difference of -3 listings (-6%) versus the prior month and -1 listings (-2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Warren (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,632 sqft
    2018-02-01 0 days 1,628 sqft
    2018-03-01 0 days 1,602 sqft
    2018-04-01 0 days 1,590 sqft
    2018-05-01 0 days 1,580 sqft
    2018-06-01 0 days 1,600 sqft
    2018-07-01 0 days 1,621 sqft
    2018-08-01 0 days 1,584 sqft
    2018-09-01 0 days 1,557 sqft
    2018-10-01 0 days 1,545 sqft
    2018-11-01 0 days 1,569 sqft
    2018-12-01 0 days 1,587 sqft
    2019-01-01 0 days 1,570 sqft
    2019-02-01 0 days 1,567 sqft
    2019-03-01 0 days 1,568 sqft
    2019-04-01 0 days 1,591 sqft
    2019-05-01 0 days 1,592 sqft
    2019-06-01 0 days 1,569 sqft
    2019-07-01 0 days 1,567 sqft
    2019-08-01 0 days 1,552 sqft
    2019-09-01 0 days 1,538 sqft
    2019-10-01 0 days 1,529 sqft
    2019-11-01 0 days 1,520 sqft
    2019-12-01 0 days 1,524 sqft
    2020-01-01 0 days 1,620 sqft
    2020-02-01 0 days 1,632 sqft
    2020-03-01 0 days 1,636 sqft
    2020-04-01 0 days 1,654 sqft
    2020-05-01 0 days 1,727 sqft
    2020-06-01 0 days 1,697 sqft
    2020-07-01 0 days 1,645 sqft
    2020-08-01 0 days 1,648 sqft
    2020-09-01 0 days 1,552 sqft
    2020-10-01 0 days 1,584 sqft
    2020-11-01 0 days 1,597 sqft
    2020-12-01 0 days 1,532 sqft
    2021-01-01 0 days 1,644 sqft
    2021-02-01 0 days 1,716 sqft
    2021-03-01 0 days 1,705 sqft
    2021-04-01 0 days 1,640 sqft
    2021-05-01 0 days 1,677 sqft
    2021-06-01 0 days 1,615 sqft
    2021-07-01 0 days 1,564 sqft
    2021-08-01 0 days 1,635 sqft
    2021-09-01 0 days 1,486 sqft
    2021-10-01 0 days 1,515 sqft
    2021-11-01 0 days 1,485 sqft
    2021-12-01 0 days 1,482 sqft
    2022-01-01 0 days 1,541 sqft
    2022-02-01 0 days 1,658 sqft
    2022-03-01 0 days 1,848 sqft
    2022-04-01 0 days 2,016 sqft
    2022-05-01 0 days 1,829 sqft
    2022-06-01 0 days 1,721 sqft
    2022-07-01 0 days 1,900 sqft
    2022-08-01 0 days 1,752 sqft
    2022-09-01 0 days 1,814 sqft
    2022-10-01 0 days 1,645 sqft
    2022-11-01 0 days 1,677 sqft
    2022-12-01 0 days 1,666 sqft
    2023-01-01 0 days 1,641 sqft
    2023-02-01 0 days 1,658 sqft
    2023-03-01 0 days 1,639 sqft
    2023-04-01 0 days 1,657 sqft
    2023-05-01 0 days 1,647 sqft
    2023-06-01 0 days 1,642 sqft
    2023-07-01 0 days 1,744 sqft
    2023-08-01 0 days 1,722 sqft
    2023-09-01 0 days 1,650 sqft
    2023-10-01 0 days 1,682 sqft
    2023-11-01 0 days 1,647 sqft
    2023-12-01 0 days 1,770 sqft
    2024-01-01 0 days 1,787 sqft
    2024-02-01 0 days 1,745 sqft
    2024-03-01 0 days 1,786 sqft
    Warren's median listing age (time on market) for 2024-03-01 was 0 days.

    Warren's median square footage for active listings during the 2024-03-01 period was 1,786 sqft. One year prior, the average listing was 1,639 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.