York VA Loan Rates, Closing Costs & Stats

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 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 6.61% for the week of 2024-05-10, compared to the national average (all VA variants) of 6.593% for the same period.

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

The average rate for the prior week (2024-05-03) was 6.94% and one month ago for the week of 2024-04-05, the average rate was 6.44%.

The average rate one year ago was 6.01%.

For refis of the same type during the week of 2024-05-10, the average rate was 7.1%.

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
2024-04-01 $339,993 (-0.8%) $411,676 (11.8%) 0.79 523
York's median listing price for 2024-04-01 was $339,993, a difference of $-2,812 (-0.8%) versus the prior year and $93 versus the prior month.

York's median listing price comes in at 79% of the national average.

York's average listing price for 2024-04-01 was $411,676, a difference of $43,295 (11.8%) versus the prior year and $19,507 versus the prior month.

For the 2024-04-01 period, York had 523 MLS listings, a difference of 18 listings (4%) versus the prior month and 74 listings (16%) 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
2024-04-01 37 days 1,942 sqft
York's median listing age (time on market) for 2024-04-01 was 37 days. This is -4% shorter than the same period one year ago.

York's median square footage for active listings during the 2024-04-01 period was 1,942 sqft. One year prior, the average listing was 1,976 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.