York VA Loan Rates, Closing Costs & Stats

YORK-HANOVER, 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.

    York's 94 lenders originated 510 VA loans during 2023. The total origination value was $158,730,000, with an average VA loan value of $311,235.

    York VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in York averaged 7.18% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    York's average VA mortgage closing costs are $6,978.

    The average rate for the prior week (2024-04-12) was 6.61% and one month ago for the week of 2024-03-15, the average rate was 6.67%.

    The average rate one year ago was 6.36%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.56%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the York level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 83 6.80% $7,899
    QUICKEN LOANS, LLC 34 6.22% $12,572
    CROSSCOUNTRY MORTGAGE, LLC 28 6.74% $10,266
    NAVY FEDERAL CREDIT UNION 28 6.09% $6,918
    UNITED WHOLESALE MORTGAGE, LLC 20 6.55% $10,538
    York Traditions Bank 18 6.36% $10,709
    DHI MORTGAGE COMPANY, LTD. 14 5.61% $9,504
    USAA Federal Savings Bank 13 6.13% $7,680
    CMG MORTGAGE, INC. 12 6.70% $11,359
    MOVEMENT MORTGAGE, LLC 12 6.71% $8,953
    NEW DAY FINANCIAL, LLC 11 7.59% $11,625
    GUILD MORTGAGE COMPANY 10 6.54% $12,909
    PENNYMAC LOAN SERVICES, LLC 9 5.33% $10,528
    LOANDEPOT.COM, LLC 9 5.97% $12,673
    FREEDOM MORTGAGE CORPORATION 9 6.63% $14,177
    NEWREZ LLC 8 6.67% $12,561
    NVR Mortgage Finance, Inc. 7 5.89% $7,718
    The Federal Savings Bank 7 6.14% $19,338
    Citizens Bank 7 5.93% $9,939
    PRIMARY RESIDENTIAL MORTGAGE, INC. 6 6.56% $10,923
    NFM, INC. 6 5.98% $13,815
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.60% $10,562
    GUARANTEED RATE, INC. 5 6.31% $7,493
    Northpointe Bank 5 6.55% $11,270
    VILLAGE CAPITAL MORTGAGE 5 6.65% $16,481
    Alcova Mortgage LLC 4 6.31% $9,713
    EMM LOANS LLC 4 6.50% $15,748
    FIRST HOME MORTGAGE CORPORATION 4 6.59% $9,150
    HOMEAMERICAN MORTGAGE CORPORATION 4 5.16% $6,795
    Mr. Cooper ( Nationstar Mortgage ) 4 6.06% $10,683
    Towne Bank 4 6.81% $8,976
    UNION HOME MORTGAGE CORP. 4 6.56% $7,740
    RADIUS FINANCIAL GROUP INC. 3 7.21% $10,601
    LOANPAL, LLC 3 6.21% $8,323
    Wells Fargo Bank 3 5.92% $7,038
    Barrington Bank & Trust Company, N.A. 3 7.08% $8,312
    Mid-Continent Funding, Inc. 3 6.67% $7,710
    GUARANTEED RATE AFFINITY, LLC 3 6.66% $5,226
    BROKER SOLUTIONS, INC. 2 6.75% $8,597
    CALIBER HOME LOANS, INC. 2 6.75% $8,903
    AMERISAVE MORTGAGE CORPORATION 2 5.75% $21,063
    PENTAGON FEDERAL CREDIT UNION 2 6.19% $7,226
    AmeriHome Mortgage Company, LLC 2 5.63% $13,402
    PNC Bank 2 6.88% $10,079
    Magnolia Bank 2 6.38% $18,069
    MEMBERS 1ST FEDERAL CREDIT UNION 2 5.81% $5,370
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.50% $9,064
    FIRST ALLIANCE HOME MORTGAGE, LLC 2 6.75% $14,812
    HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.44% $8,097
    Equity Prime Mortgage LLC 2 6.88% $14,073
    EMBRACE HOME LOANS, INC. 2 5.94% $17,584
    CARDINAL FINANCIAL 2 6.50% $14,080
    Farmers and Merchants Trust Company of Chambersburg 1 6.25% $5,703
    NETWORK CAPITAL FUNDING CORPORATION 1 6.75% $14,425
    ENVOY MORTGAGE, LTD 1 7.25% $14,947
    EAGLE HOME MORTGAGE, LLC 1 5.75% $15,638
    PATRIOT 1 5.63% $11,529
    Foote Capital Mortgage Company 1 6.00% $14,983
    PREMIA MORTGAGE, LLC 1 6.38% $0
    Presidential Bank, FSB 1 7.25% $345
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $4,816
    Prosperity Home Mortgage, LLC 1 6.13% $3,552
    BAY CAPITAL MORTGAGE CORPORATION 1 5.75% $12,933
    Residential Mortgage Solutions, Inc. 1 7.25% $12,434
    ROYAL UNITED MORTGAGE LLC 1 6.75% $18,492
    SUN WEST MORTGAGE COMPANY, INC. 1 7.13% $18,025
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.75% $7,838
    WesBanco 1 5.75% $12,550
    American Bank and Trust Company 1 6.63% $6,574
    Univest Bank and Trust Co. 1 6.25% $10,381
    U.S. Bank 1 6.13% $6,711
    Fulton Bank 1 5.50% $6,798
    George Mason Mortgage, LLC 1 7.38% $7,182
    GoPrime Mortgage, Inc. 1 7.88% $5,827
    Plains Commerce Bank 1 6.25% $8,414
    GUARANTY HOME MORTGAGE CORPORATION 1 7.25% $6,621
    First National Bank of Pennsylvania 1 5.88% $6,308
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $1,955
    Homesale Mortgage, LLC 1 6.25% $14,084
    HOMESTEAD FUNDING CORP. 1 7.00% $9,112
    Integrity Home Mortgage Corp 1 7.25% $8,097
    JPMorgan Chase Bank 1 6.25% $7,148
    FIRST HERITAGE FINANCIAL, LLC 1 4.75% $15,829
    Meridian Bank Corporation 1 6.75% $9,036
    MILEND, INC. 1 6.75% $17,117
    MLB RESIDENTIAL LENDING, LLC 1 7.13% $8,293
    Mortgage America, Inc. 1 6.25% $5,250
    MORTGAGEONE, INC. 1 8.00% $17,178
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.25% $13,904
    Farmers Bank & Trust 1 6.25% $6,339
    M&T Bank 1 6.13% $5,359
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.13% $11,284
    Nations Lending Corporation 1 5.75% $8,462
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.13% $15,598

    The top York VA lender as defined by loan originations is Mortgage Research Center, LLC, with 83 VA loans originated. Their average total fees are $7,899, which is $4,673 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee York VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($6,918), USAA Federal Savings Bank ($7,680), Mortgage Research Center, LLC ($7,899), MOVEMENT MORTGAGE, LLC ($8,953) and DHI MORTGAGE COMPANY, LTD. ($9,504).

    The lowest rate York VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.61%), NAVY FEDERAL CREDIT UNION (6.09%), USAA Federal Savings Bank (6.13%), QUICKEN LOANS, LLC (6.22%) and York Traditions Bank (6.36%).

    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 $211,450 (14.3%) $236,350 (10.1%) 0.78 1,523
    2018-02-01 $214,948 (16.2%) $242,400 (12.8%) 0.78 1,408
    2018-03-01 $213,841 (12.6%) $243,881 (9.3%) 0.75 1,393
    2018-04-01 $219,900 (10.0%) $246,816 (7.1%) 0.75 1,459
    2018-05-01 $226,950 (7.6%) $253,069 (7.2%) 0.76 1,496
    2018-06-01 $229,200 (9.2%) $255,716 (7.6%) 0.76 1,584
    2018-07-01 $228,029 (8.6%) $255,670 (6.4%) 0.76 1,597
    2018-08-01 $224,900 (7.1%) $253,853 (6.2%) 0.75 1,632
    2018-09-01 $219,900 (10.0%) $248,717 (5.5%) 0.74 1,588
    2018-10-01 $219,450 (5.1%) $246,196 (3.0%) 0.74 1,654
    2018-11-01 $219,900 (10.0%) $245,927 (5.6%) 0.75 1,661
    2018-12-01 $217,450 (8.8%) $243,135 (4.9%) 0.75 1,601
    2019-01-01 $218,343 (3.3%) $240,841 (1.9%) 0.75 1,416
    2019-02-01 $219,900 (2.3%) $243,174 (0.3%) 0.74 1,305
    2019-03-01 $219,900 (2.8%) $247,330 (1.4%) 0.72 1,287
    2019-04-01 $220,650 (0.3%) $253,281 (2.6%) 0.70 1,293
    2019-05-01 $228,400 (0.6%) $258,824 (2.3%) 0.71 1,335
    2019-06-01 $229,900 (0.3%) $263,519 (3.1%) 0.72 1,400
    2019-07-01 $238,734 (4.7%) $269,016 (5.2%) 0.75 1,417
    2019-08-01 $238,564 (6.1%) $271,551 (7.0%) 0.76 1,395
    2019-09-01 $236,559 (7.6%) $272,684 (9.6%) 0.76 1,357
    2019-10-01 $235,000 (7.1%) $273,413 (11.1%) 0.76 1,320
    2019-11-01 $231,490 (5.3%) $268,360 (9.1%) 0.76 1,203
    2019-12-01 $235,410 (8.3%) $267,752 (10.1%) 0.79 1,094
    2020-01-01 $237,659 (8.9%) $267,065 (10.9%) 0.79 994
    2020-02-01 $248,983 (13.2%) $274,477 (12.9%) 0.82 917
    2020-03-01 $258,570 (17.6%) $284,984 (15.2%) 0.81 909
    2020-04-01 $267,900 (21.4%) $292,028 (15.3%) 0.84 838
    2020-05-01 $259,995 (13.8%) $292,167 (12.9%) 0.79 900
    2020-06-01 $255,423 (11.1%) $289,737 (10.0%) 0.75 849
    2020-07-01 $260,629 (9.2%) $304,904 (13.3%) 0.76 754
    2020-08-01 $271,400 (13.8%) $307,605 (13.3%) 0.78 680
    2020-09-01 $268,445 (13.5%) $309,658 (13.6%) 0.77 644
    2020-10-01 $259,995 (10.6%) $305,693 (11.8%) 0.75 636
    2020-11-01 $262,500 (13.4%) $310,743 (15.8%) 0.77 605
    2020-12-01 $263,945 (12.1%) $315,609 (17.9%) 0.79 540
    2021-01-01 $264,945 (11.5%) $316,802 (18.6%) 0.79 442
    2021-02-01 $274,482 (10.2%) $319,792 (16.5%) 0.80 405
    2021-03-01 $276,443 (6.9%) $309,138 (8.5%) 0.78 422
    2021-04-01 $280,705 (4.8%) $308,093 (5.5%) 0.76 427
    2021-05-01 $279,900 (7.7%) $304,129 (4.1%) 0.74 479
    2021-06-01 $260,495 (2.0%) $294,889 (1.8%) 0.69 595
    2021-07-01 $269,900 (3.6%) $300,589 (-1.4%) 0.71 634
    2021-08-01 $263,765 (-2.8%) $298,617 (-2.9%) 0.70 654
    2021-09-01 $264,000 (-1.7%) $303,367 (-2.0%) 0.70 640
    2021-10-01 $264,900 (1.9%) $305,291 (-0.1%) 0.71 590
    2021-11-01 $264,746 (0.9%) $304,550 (-2.0%) 0.71 561
    2021-12-01 $278,332 (5.5%) $321,667 (1.9%) 0.75 484
    2022-01-01 $306,520 (15.7%) $340,711 (7.6%) 0.83 414
    2022-02-01 $312,995 (14.0%) $341,601 (6.8%) 0.81 416
    2022-03-01 $322,490 (16.7%) $347,593 (12.4%) 0.81 444
    2022-04-01 $324,900 (15.7%) $347,513 (12.8%) 0.77 449
    2022-05-01 $326,945 (16.8%) $357,804 (17.7%) 0.75 521
    2022-06-01 $323,160 (24.1%) $357,922 (21.4%) 0.72 570
    2022-07-01 $319,000 (18.2%) $353,553 (17.6%) 0.72 618
    2022-08-01 $324,900 (23.2%) $356,868 (19.5%) 0.75 606
    2022-09-01 $329,200 (24.7%) $363,824 (19.9%) 0.77 597
    2022-10-01 $340,000 (28.4%) $365,063 (19.6%) 0.80 598
    2022-11-01 $339,900 (28.4%) $359,741 (18.1%) 0.82 585
    2022-12-01 $345,000 (24.0%) $361,239 (12.3%) 0.85 565
    2023-01-01 $348,625 (13.7%) $362,814 (6.5%) 0.86 525
    2023-02-01 $358,650 (14.6%) $373,752 (9.4%) 0.87 479
    2023-03-01 $355,720 (10.3%) $373,584 (7.5%) 0.84 468
    2023-04-01 $342,805 (5.5%) $368,381 (6.0%) 0.80 449
    2023-05-01 $349,900 (7.0%) $374,042 (4.5%) 0.79 484
    2023-06-01 $348,975 (8.0%) $378,085 (5.6%) 0.78 511
    2023-07-01 $332,245 (4.2%) $379,103 (7.2%) 0.76 566
    2023-08-01 $337,495 (3.9%) $388,188 (8.8%) 0.78 604
    2023-09-01 $329,995 (0.2%) $381,126 (4.8%) 0.77 656
    2023-10-01 $322,450 (-5.2%) $374,134 (2.5%) 0.76 714
    2023-11-01 $317,944 (-6.5%) $362,608 (0.8%) 0.76 742
    2023-12-01 $316,206 (-8.4%) $357,030 (-1.2%) 0.77 684
    2024-01-01 $324,990 (-6.8%) $370,567 (2.1%) 0.79 604
    2024-02-01 $337,490 (-5.9%) $381,468 (2.1%) 0.81 526
    2024-03-01 $339,900 (-4.5%) $392,169 (5.0%) 0.80 505
    York's median listing price for 2024-03-01 was $339,900, a difference of $-15,820 (-4.5%) versus the prior year and $2,410 versus the prior month.

    York's median listing price comes in at 80% of the national average.

    York's average listing price for 2024-03-01 was $392,169, a difference of $18,585 (5.0%) versus the prior year and $10,701 versus the prior month.

    For the 2024-03-01 period, York had 505 MLS listings, a difference of -21 listings (-4%) versus the prior month and 37 listings (8%) 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 85 days 1,837 sqft
    2018-02-01 79 days 1,843 sqft
    2018-03-01 60 days 1,846 sqft
    2018-04-01 49 days 1,860 sqft
    2018-05-01 44 days 1,872 sqft
    2018-06-01 46 days 2,060 sqft
    2018-07-01 52 days 2,017 sqft
    2018-08-01 54 days 2,013 sqft
    2018-09-01 57 days 2,000 sqft
    2018-10-01 58 days 1,988 sqft
    2018-11-01 58 days 1,949 sqft
    2018-12-01 65 days 1,909 sqft
    2019-01-01 75 days 1,873 sqft
    2019-02-01 78 days 1,874 sqft
    2019-03-01 63 days 1,892 sqft
    2019-04-01 48 days 1,921 sqft
    2019-05-01 44 days 1,960 sqft
    2019-06-01 47 days 1,982 sqft
    2019-07-01 47 days 2,025 sqft
    2019-08-01 50 days 2,045 sqft
    2019-09-01 54 days 2,040 sqft
    2019-10-01 56 days 2,031 sqft
    2019-11-01 61 days 1,996 sqft
    2019-12-01 69 days 1,972 sqft
    2020-01-01 70 days 1,959 sqft
    2020-02-01 59 days 1,977 sqft
    2020-03-01 42 days 2,030 sqft
    2020-04-01 62 days 2,070 sqft
    2020-05-01 67 days 2,072 sqft
    2020-06-01 41 days 2,012 sqft
    2020-07-01 40 days 2,053 sqft
    2020-08-01 40 days 2,064 sqft
    2020-09-01 37 days 1,996 sqft
    2020-10-01 48 days 1,976 sqft
    2020-11-01 51 days 1,950 sqft
    2020-12-01 58 days 1,939 sqft
    2021-01-01 66 days 1,920 sqft
    2021-02-01 61 days 1,893 sqft
    2021-03-01 42 days 1,905 sqft
    2021-04-01 38 days 1,909 sqft
    2021-05-01 37 days 1,909 sqft
    2021-06-01 36 days 1,865 sqft
    2021-07-01 38 days 1,870 sqft
    2021-08-01 38 days 1,861 sqft
    2021-09-01 45 days 1,846 sqft
    2021-10-01 51 days 1,880 sqft
    2021-11-01 45 days 1,844 sqft
    2021-12-01 50 days 1,855 sqft
    2022-01-01 49 days 1,902 sqft
    2022-02-01 39 days 1,900 sqft
    2022-03-01 38 days 1,920 sqft
    2022-04-01 38 days 1,950 sqft
    2022-05-01 35 days 1,944 sqft
    2022-06-01 34 days 1,960 sqft
    2022-07-01 37 days 1,983 sqft
    2022-08-01 36 days 1,955 sqft
    2022-09-01 44 days 2,001 sqft
    2022-10-01 48 days 2,026 sqft
    2022-11-01 51 days 2,009 sqft
    2022-12-01 54 days 2,000 sqft
    2023-01-01 61 days 2,001 sqft
    2023-02-01 50 days 2,068 sqft
    2023-03-01 43 days 2,024 sqft
    2023-04-01 39 days 1,976 sqft
    2023-05-01 33 days 2,009 sqft
    2023-06-01 36 days 1,994 sqft
    2023-07-01 35 days 1,958 sqft
    2023-08-01 34 days 1,965 sqft
    2023-09-01 37 days 1,967 sqft
    2023-10-01 41 days 1,934 sqft
    2023-11-01 40 days 1,922 sqft
    2023-12-01 49 days 1,900 sqft
    2024-01-01 59 days 1,914 sqft
    2024-02-01 53 days 1,919 sqft
    2024-03-01 40 days 1,924 sqft
    York's median listing age (time on market) for 2024-03-01 was 40 days. This is -8% shorter than the same period one year ago.

    York's median square footage for active listings during the 2024-03-01 period was 1,924 sqft. One year prior, the average listing was 2,024 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.