York VA Loans

YORK-HANOVER, 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 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.

York's 136 lenders originated 1,703 VA loans during 2021. The total origination value was $432,645,000, with an average VA loan value of $254,049.

York VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in York averaged 5.52% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.45% and one month ago for the week of 2022-04-08, the average rate was 5.07%.

The average rate one year ago was 3.29%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.2%.

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

York VA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the York level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 157 2.91% $7,139
QUICKEN LOANS, LLC 126 2.49% $5,169
FREEDOM MORTGAGE CORPORATION 90 2.44% $3,580
PENNYMAC LOAN SERVICES, LLC 83 2.43% $6,690
NEW DAY FINANCIAL, LLC 50 2.81% $8,297
CROSSCOUNTRY MORTGAGE, LLC 46 2.93% $8,996
NAVY FEDERAL CREDIT UNION 42 2.48% $5,793
USAA Federal Savings Bank 38 2.89% $6,422
MCLEAN MORTGAGE CORPORATION 36 2.76% $6,976
VILLAGE CAPITAL & INVESTMENT LLC 34 2.32% $3,968
Mr. Cooper ( Nationstar Mortgage ) 33 2.72% $5,404
LAKEVIEW LOAN SERVICING, LLC 33 2.58% $3,719
LOANDEPOT.COM, LLC 31 2.80% $8,554
RESIDENTIAL MORTGAGE SERVICES, INC. 30 2.77% $7,473
NFM, INC. 29 3.06% $8,606
Wells Fargo Bank 28 2.60% $5,037
MOVEMENT MORTGAGE, LLC 27 2.71% $5,844
CLEARPATH LENDING 25 2.34% $5,022
CALIBER HOME LOANS, INC. 23 2.44% $6,767
Northpointe Bank 22 2.62% $8,321
UNITED WHOLESALE MORTGAGE, LLC 21 2.53% $7,384
York Traditions Bank 19 2.81% $7,712
GUARANTEED RATE, INC. 18 2.71% $7,908
HOME POINT FINANCIAL CORPORATION 15 2.78% $7,265
Homesale Mortgage, LLC 14 2.74% $7,058
The Federal Savings Bank 14 2.72% $6,322
Mortgage Network, Inc. 14 3.22% $8,119
Citizens Bank 13 2.41% $7,900
Carrington Mortgage Services, LLC 13 3.49% $5,450
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 2.80% $9,012
UNION HOME MORTGAGE CORP. 11 2.70% $8,207
HOMEBRIDGE FINANCIAL SERVICES, INC. 10 2.54% $6,763
PENTAGON FEDERAL CREDIT UNION 10 2.35% $2,917
Meridian Bank Corporation 10 2.49% $7,401
NEWREZ LLC 9 2.91% $3,619
Mid-Continent Funding, Inc. 9 2.75% $8,264
FIRST HOME MORTGAGE CORPORATION 9 2.64% $7,515
MEMBERS 1ST FEDERAL CREDIT UNION 8 2.61% $10,460
Low VA Rates, LLC 8 2.36% $4,817
George Mason Mortgage, LLC 8 2.65% $4,923
InterContinental Capital Group, Inc 8 2.56% $4,015
SUN WEST MORTGAGE COMPANY, INC. 7 2.41% $6,228
Barrington Bank & Trust Company, N.A. 7 2.91% $6,436
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 2.84% $4,067
BROKER SOLUTIONS, INC. 7 2.93% $9,732
AMERISAVE MORTGAGE CORPORATION 6 2.90% $7,840
First Guaranty Mortgage Corporation 6 2.58% $4,812
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 3.06% $7,601
Fulton Bank 6 3.04% $9,285
DHI MORTGAGE COMPANY, LTD. 6 2.64% $14,611
SOUTHERN TRUST MORTGAGE, LLC 6 2.98% $4,159
Manufacturers and Traders Trust Company 5 2.83% $7,605
AMERICAN FINANCING CORPORATION 5 2.60% $4,813
Towne Bank 5 2.78% $10,507
PHH Mortgage Corporation 4 2.66% $9,694
ACCELERATE MORTGAGE, LLC 4 2.25% $5,714
SOVEREIGN LENDING GROUP INCORPORATED 4 2.38% $6,027
FINANCE OF AMERICA MORTGAGE LLC 4 3.06% $11,183
Truist Bank 4 2.75% $3,149
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 2.59% $3,547
Foote Capital Mortgage Company 4 2.69% $8,951
MUTUAL OF OMAHA MORTGAGE, INC. 4 2.72% $8,285
HOWARD HANNA FINANCIAL SERVICES, INC. 4 2.81% $5,424
PLANET HOME LENDING, LLC 4 2.50% $5,872
TIDEWATER MORTGAGE SERVICES, INC. 4 2.50% $7,404
Lakeview Community Capital, LLC 4 2.47% $3,343
Paramount Residential Mortgage Group, Inc. 3 3.50% $6,754
North American Savings Bank, F.S.B. 3 2.58% $3,523
GUARANTEED RATE AFFINITY, LLC 3 2.71% $8,477
NVR Mortgage Finance, Inc. 3 3.08% $8,739
Princeton Mortgage Corporation 3 2.50% $5,982
NBKC BANK 3 2.75% $5,566
First Federal Bank 3 3.17% $8,278
Magnolia Bank 3 2.58% $12,406
EMBRACE HOME LOANS, INC. 3 2.50% $10,844
CONTOUR MORTGAGE CORPORATION 3 2.58% $5,372
GUILD MORTGAGE COMPANY 3 3.42% $9,487
OCMBC, INC. 2 3.25% $12,138
AMERICAN FINANCIAL NETWORK, INC. 2 2.44% $9,601
AmeriHome Mortgage Company, LLC 2 3.13% $2,916
BAY CAPITAL MORTGAGE CORPORATION 2 2.63% $6,956
CHURCHILL MORTGAGE CORPORATION 2 2.44% $10,781
DIRECT MORTGAGE LOANS, LLC 2 2.88% $9,008
EMM LOANS LLC 2 3.00% $13,723
EQUITY RESOURCES, INC. 2 2.63% $9,971
First Home Bank 2 3.00% $7,858
Flagstar Bank, FSB 2 3.58% $5,871
HOMESIDE FINANCIAL, LLC 2 2.88% $8,756
HOMESTEAD FUNDING CORP. 2 3.13% $7,401
Integrity Home Mortgage Corp 2 2.81% $6,783
MDE Home Loans, LLC 2 3.75% $10,263
MICHIGAN MUTUAL, INC. 2 3.13% $9,372
PLAZA HOME MORTGAGE, INC. 2 3.69% $9,161
Presidential Bank, FSB 2 2.63% $9,127
Prime Choice Funding Inc. 2 2.31% $4,256
MILLENNIUM FINANCIAL GROUP, INC. 1 3.25% $3,621
MEMBER FIRST MORTGAGE, LLC 1 3.50% $6,835
LOANPAL, LLC 1 2.88% $4,827
Northwest Bank 1 2.50% $13,101
NORWICH COMMERCIAL GROUP, INC. 1 3.25% $5,727
LIBERTY HOME MORTGAGE CORPORATION 1 2.25% $7,037
1ST FINANCIAL, INC. 1 2.25% $11,612
Paramount Bank 1 2.88% $5,886
KS StateBank 1 2.25% $10,604
Keystone Funding, Inc. 1 2.75% $9,214
KELLER MORTGAGE, LLC 1 2.75% $15,318
INTERCOASTAL MORTGAGE COMPANY 1 2.75% $4,649
Huntingdon Valley Bank 1 2.38% $6,236
Ameris Bank 1 2.88% $5,063
PNC Bank 1 3.13% $12,180
ALLIED MORTGAGE GROUP, INC. 1 2.88% $5,228
Hometown Lenders, Inc. 1 3.75% $14,476
Alcova Mortgage LLC 1 3.75% $6,670
HOMESPIRE MORTGAGE CORPORATION 1 2.88% $12,853
First National Bank of Pennsylvania 1 2.88% $11,383
First Heritage Mortgage, LLC 1 3.38% $10,233
RELIANCE FIRST CAPITAL, LLC 1 3.00% $9,969
First Federal Bank of Kansas City 1 3.00% $12,920
ROSS MORTGAGE CORPORATION 1 3.25% $7,063
Sierra Pacific Mortgage Company, Inc. 1 2.75% $3,665
Credence Funding Corporation 1 2.25% $2,839
CMG MORTGAGE, INC. 1 2.75% $16,784
CELEBRITY HOME LOANS, LLC 1 3.13% $4,336
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.88% $8,253
Capital Bank 1 2.25% $3,642
TJC Mortgage, Inc. 1 2.38% $6,681
BNC National Bank 1 2.25% $4,174
BAYSHORE MORTGAGE FUNDING, LLC 1 2.38% $2,450
Bank of America 1 3.63% $18,901
Austin Capital Bank SSB 1 3.25% $6,575
UNIVERSAL MORTGAGE & FINANCE, INC. 1 4.00% $7,600
Atlantic Coast Mortgage, LLC 1 2.50% $5,297
U.S. Bank 1 2.25% $13,189
NETWORK CAPITAL FUNDING CORPORATION 1 2.88% $8,701
Nations Lending Corporation 1 3.13% $5,691
NEXERA HOLDING LLC 1 2.38% $11,293

The top York VA lender as defined by loan originations is Mortgage Research Center, LLC, with 157 VA loans originated. Their average total fees are $7,139, which is $1,970 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee York VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION ($2,917), FREEDOM MORTGAGE CORPORATION ($3,580), LAKEVIEW LOAN SERVICING, LLC ($3,719), VILLAGE CAPITAL & INVESTMENT LLC ($3,968) and CLEARPATH LENDING ($5,022).

The lowest rate York VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC (2.32%), CLEARPATH LENDING (2.34%), PENTAGON FEDERAL CREDIT UNION (2.35%), Citizens Bank (2.41%) and PENNYMAC LOAN SERVICES, LLC (2.43%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - York (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 $209,450 (10.3%) $235,120 (5.4%) 0.77 1,538
2018-02-01 $214,500 (13.2%) $240,660 (8.0%) 0.77 1,431
2018-03-01 $209,999 (7.7%) $242,934 (6.3%) 0.73 1,420
2018-04-01 $219,450 (9.7%) $244,381 (3.4%) 0.74 1,480
2018-05-01 $224,950 (4.6%) $250,487 (4.7%) 0.75 1,518
2018-06-01 $225,000 (6.3%) $252,732 (5.4%) 0.75 1,600
2018-07-01 $225,570 (5.0%) $253,419 (4.4%) 0.75 1,595
2018-08-01 $224,879 (4.6%) $252,106 (4.6%) 0.75 1,625
2018-09-01 $219,900 (7.3%) $247,891 (3.8%) 0.74 1,592
2018-10-01 $218,750 (4.2%) $245,914 (1.7%) 0.73 1,653
2018-11-01 $215,950 (8.0%) $244,656 (4.7%) 0.72 1,662
2018-12-01 $217,400 (8.8%) $242,805 (4.9%) 0.74 1,588
2019-01-01 $218,185 (4.2%) $240,943 (2.5%) 0.75 1,406
2019-02-01 $219,900 (2.5%) $243,285 (1.1%) 0.74 1,292
2019-03-01 $219,900 (4.7%) $247,105 (1.7%) 0.72 1,278
2019-04-01 $219,900 (0.2%) $252,467 (3.3%) 0.69 1,281
2019-05-01 $227,000 (0.9%) $258,506 (3.2%) 0.70 1,319
2019-06-01 $229,900 (2.2%) $262,973 (4.1%) 0.71 1,395
2019-07-01 $237,450 (5.3%) $267,038 (5.4%) 0.74 1,416
2019-08-01 $239,900 (6.7%) $274,205 (8.8%) 0.76 1,353
2019-09-01 $239,900 (9.1%) $281,170 (13.4%) 0.76 1,259
2019-10-01 $234,725 (7.3%) $276,718 (12.5%) 0.75 1,258
2019-11-01 $229,900 (6.5%) $272,091 (11.2%) 0.74 1,179
2019-12-01 $234,450 (7.8%) $272,424 (12.2%) 0.78 1,065
2020-01-01 $238,070 (9.1%) $273,884 (13.7%) 0.79 976
2020-02-01 $249,000 (13.2%) $282,713 (16.2%) 0.80 900
2020-03-01 $259,750 (18.1%) $293,260 (18.7%) 0.81 893
2020-04-01 $269,400 (22.5%) $301,124 (19.3%) 0.84 844
2020-05-01 $265,000 (16.7%) $302,858 (17.2%) 0.80 901
2020-06-01 $257,013 (11.8%) $296,320 (12.7%) 0.75 831
2020-07-01 $260,608 (9.8%) $308,824 (15.7%) 0.75 733
2020-08-01 $272,000 (13.4%) $312,936 (14.1%) 0.78 667
2020-09-01 $265,400 (10.6%) $310,080 (10.3%) 0.76 629
2020-10-01 $260,000 (10.8%) $303,320 (9.6%) 0.74 624
2020-11-01 $264,950 (15.3%) $311,890 (14.6%) 0.76 586
2020-12-01 $262,945 (12.2%) $314,603 (15.5%) 0.77 523
2021-01-01 $264,990 (11.3%) $316,650 (15.6%) 0.78 442
2021-02-01 $272,495 (9.4%) $320,557 (13.4%) 0.78 401
2021-03-01 $277,950 (7.0%) $310,428 (5.9%) 0.78 405
2021-04-01 $281,753 (4.6%) $309,426 (2.8%) 0.76 414
2021-05-01 $281,990 (6.4%) $305,322 (0.8%) 0.74 459
2021-06-01 $264,950 (3.1%) $294,610 (-0.6%) 0.69 571
2021-07-01 $274,215 (5.2%) $299,299 (-3.1%) 0.71 608
2021-08-01 $264,900 (-2.6%) $298,707 (-4.6%) 0.70 639
2021-09-01 $267,400 (0.8%) $304,416 (-1.8%) 0.70 625
2021-10-01 $269,900 (3.8%) $305,880 (0.8%) 0.71 578
2021-11-01 $266,889 (0.7%) $306,361 (-1.8%) 0.70 548
2021-12-01 $284,750 (8.3%) $324,182 (3.0%) 0.76 477
2022-01-01 $309,900 (17.0%) $342,578 (8.2%) 0.83 413
2022-02-01 $319,950 (17.4%) $346,214 (8.0%) 0.82 419
2022-03-01 $329,950 (18.7%) $352,178 (13.5%) 0.81 443
2022-04-01 $326,990 (16.1%) $351,908 (13.7%) 0.77 459
York's median listing price for 2022-04-01 was $326,990, a difference of $45,237 (16.1%) versus the prior year and $-2,960 versus the prior month.

York's median listing price comes in at 77% of the national average.

York's average listing price for 2022-04-01 was $351,908, a difference of $42,482 (13.7%) versus the prior year and $-270 versus the prior month.

For the 2022-04-01 period, York had 459 MLS listings, a difference of 16 listings (4%) versus the prior month and 45 listings (11%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - York (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 88 days 1,824 sqft
2018-02-01 86 days 1,821 sqft
2018-03-01 67 days 1,829 sqft
2018-04-01 57 days 1,848 sqft
2018-05-01 51 days 1,855 sqft
2018-06-01 53 days 2,040 sqft
2018-07-01 60 days 2,006 sqft
2018-08-01 62 days 1,997 sqft
2018-09-01 64 days 1,970 sqft
2018-10-01 65 days 1,968 sqft
2018-11-01 65 days 1,929 sqft
2018-12-01 72 days 1,900 sqft
2019-01-01 82 days 1,872 sqft
2019-02-01 89 days 1,870 sqft
2019-03-01 60 days 1,883 sqft
2019-04-01 52 days 1,908 sqft
2019-05-01 49 days 1,955 sqft
2019-06-01 50 days 1,968 sqft
2019-07-01 50 days 2,003 sqft
2019-08-01 56 days 2,038 sqft
2019-09-01 62 days 2,061 sqft
2019-10-01 59 days 2,022 sqft
2019-11-01 63 days 1,978 sqft
2019-12-01 71 days 1,960 sqft
2020-01-01 73 days 1,955 sqft
2020-02-01 63 days 1,984 sqft
2020-03-01 49 days 2,042 sqft
2020-04-01 67 days 2,074 sqft
2020-05-01 71 days 2,080 sqft
2020-06-01 44 days 2,007 sqft
2020-07-01 44 days 2,045 sqft
2020-08-01 48 days 2,018 sqft
2020-09-01 44 days 1,990 sqft
2020-10-01 51 days 1,974 sqft
2020-11-01 53 days 1,949 sqft
2020-12-01 64 days 1,935 sqft
2021-01-01 72 days 1,920 sqft
2021-02-01 73 days 1,898 sqft
2021-03-01 50 days 1,897 sqft
2021-04-01 45 days 1,912 sqft
2021-05-01 45 days 1,916 sqft
2021-06-01 42 days 1,875 sqft
2021-07-01 43 days 1,865 sqft
2021-08-01 40 days 1,854 sqft
2021-09-01 49 days 1,835 sqft
2021-10-01 54 days 1,871 sqft
2021-11-01 49 days 1,842 sqft
2021-12-01 52 days 1,860 sqft
2022-01-01 52 days 1,900 sqft
2022-02-01 44 days 1,900 sqft
2022-03-01 43 days 1,920 sqft
2022-04-01 44 days 1,950 sqft
York's median listing age (time on market) for 2022-04-01 was 44 days. This is -1% shorter than the same period one year ago.

York's median square footage for active listings during the 2022-04-01 period was 1,950 sqft. One year prior, the average listing was 1,912 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.