York VA Loan Rates, Closing Costs & Stats

YORK-HANOVER, 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.

    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 6.72% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-07-12) was 6.36% and one month ago for the week of 2024-06-14, the average rate was 6.72%.

    The average rate one year ago was 6.61%.

    For refis of the same type during the week of 2024-07-19, the average rate was 7.01%.

    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%).

    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.