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 125 lenders originated 798 VA loans during 2022. The total origination value was $236,360,000, with an average VA loan value of $296,190.

    York VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in York averaged 0.15% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    York's average VA mortgage closing costs are $6,689.

    The average rate for the prior week (2023-11-17) was 6.79% and one month ago for the week of 2023-10-20, the average rate was 7.42%.

    The average rate one year ago was 6.54%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.03%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 114 5.19% $8,387
    QUICKEN LOANS, LLC 44 4.07% $10,653
    York Traditions Bank 26 5.03% $10,926
    FREEDOM MORTGAGE CORPORATION 26 4.75% $15,028
    CROSSCOUNTRY MORTGAGE, LLC 25 5.41% $9,484
    PENNYMAC LOAN SERVICES, LLC 24 3.82% $11,820
    NAVY FEDERAL CREDIT UNION 23 4.45% $7,269
    NEW DAY FINANCIAL, LLC 22 4.90% $12,176
    USAA Federal Savings Bank 22 4.28% $9,551
    UNITED WHOLESALE MORTGAGE, LLC 22 4.30% $9,808
    NFM, INC. 20 4.82% $10,227
    MOVEMENT MORTGAGE, LLC 17 5.04% $8,205
    MCLEAN MORTGAGE CORPORATION 15 4.76% $7,325
    GUILD MORTGAGE COMPANY 14 5.55% $14,249
    Mr. Cooper ( Nationstar Mortgage ) 13 4.57% $10,058
    CALIBER HOME LOANS, INC. 13 4.14% $9,771
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 5.22% $9,270
    GUARANTEED RATE, INC. 12 4.15% $11,441
    LOANDEPOT.COM, LLC 12 4.33% $9,657
    DHI MORTGAGE COMPANY, LTD. 11 4.36% $12,201
    NVR Mortgage Finance, Inc. 10 4.60% $12,458
    Northpointe Bank 9 4.31% $12,163
    Mortgage Network, Inc. 9 5.04% $10,100
    Citizens Bank 8 4.73% $13,119
    PRIMARY RESIDENTIAL MORTGAGE, INC. 7 5.11% $6,434
    M&T Bank 7 4.79% $4,884
    The Federal Savings Bank 7 4.36% $14,214
    GUARANTEED RATE AFFINITY, LLC 7 5.79% $9,658
    HOME POINT FINANCIAL CORPORATION 7 3.75% $7,202
    AMERISAVE MORTGAGE CORPORATION 7 4.61% $12,693
    FIRST HOME MORTGAGE CORPORATION 6 3.94% $16,603
    Towne Bank 6 4.67% $6,182
    PENTAGON FEDERAL CREDIT UNION 6 3.81% $7,867
    UNION HOME MORTGAGE CORP. 5 4.58% $12,677
    Carrington Mortgage Services, LLC 5 5.05% $8,746
    FINANCE OF AMERICA MORTGAGE LLC 5 4.28% $11,068
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 4.45% $10,324
    Mid-Continent Funding, Inc. 5 4.98% $12,721
    LAKEVIEW LOAN SERVICING, LLC 5 4.07% $8,754
    HOMEBRIDGE FINANCIAL SERVICES, INC. 5 4.80% $11,926
    EAGLE HOME MORTGAGE, LLC 5 5.48% $10,971
    Homesale Mortgage, LLC 4 4.09% $12,200
    EMM LOANS LLC 4 5.69% $7,583
    NEWREZ LLC 4 3.40% $6,358
    Prosperity Home Mortgage, LLC 4 4.56% $13,227
    SOUTHERN TRUST MORTGAGE, LLC 4 3.75% $13,511
    TIDEWATER MORTGAGE SERVICES, INC. 4 4.50% $8,938
    Barrington Bank & Trust Company, N.A. 3 4.04% $10,601
    Alcova Mortgage LLC 3 5.42% $10,180
    TJC Mortgage, Inc. 3 4.29% $6,136
    Integrity Home Mortgage Corp 3 4.33% $12,708
    Wells Fargo Bank 3 3.58% $5,720
    HOMESPIRE MORTGAGE CORPORATION 3 5.67% $13,633
    MEMBERS 1ST FEDERAL CREDIT UNION 3 4.46% $11,044
    BROKER SOLUTIONS, INC. 3 4.16% $7,622
    Equity Prime Mortgage LLC 3 4.83% $9,961
    DIRECT MORTGAGE LOANS, LLC 2 5.50% $14,373
    ALLIED MORTGAGE GROUP, INC. 2 3.44% $11,820
    U.S. Bank 2 4.94% $12,163
    VILLAGE CAPITAL MORTGAGE 2 3.94% $14,984
    Meridian Bank Corporation 2 4.25% $13,072
    CMG MORTGAGE, INC. 2 6.69% $12,904
    Foote Capital Mortgage Company 2 3.75% $15,135
    Sierra Pacific Mortgage Company, Inc. 2 5.25% $9,263
    First Guaranty Mortgage Corporation 2 2.75% $8,898
    CHERRY CREEK MORTGAGE, LLC 2 3.38% $7,645
    CARDINAL FINANCIAL 2 3.88% $19,402
    First National Bank of Pennsylvania 2 6.00% $14,675
    HOWARD HANNA FINANCIAL SERVICES, INC. 2 5.06% $9,923
    PLAZA HOME MORTGAGE, INC. 2 4.38% $7,666
    1ST PREFERENCE MORTGAGE CORP. 2 5.06% $11,433
    ENVOY MORTGAGE, LTD 1 6.13% $5,324
    North American Savings Bank, F.S.B. 1 4.63% $4,489
    CONTOUR MORTGAGE CORPORATION 1 5.25% $17,569
    NP, Inc. 1 3.75% $15,759
    OCMBC, INC. 1 4.75% $13,291
    Paramount Residential Mortgage Group, Inc. 1 3.25% $17,159
    Peoples Bank 1 5.25% $13,603
    Plains Commerce Bank 1 4.75% $8,144
    PLANET HOME LENDING, LLC 1 2.25% $1,799
    PNC Bank 1 3.00% $8,694
    Wilmington Savings Fund Society, FSB 1 2.63% $7,913
    Quaint Oak Mortgage, LLC 1 6.25% $12,430
    Bank of England 1 6.13% $12,501
    RELIANCE FIRST CAPITAL, LLC 1 7.25% $8,389
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 4.25% $12,014
    Wyndham Capital Mortgage, Inc. 1 5.13% $8,855
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.75% $12,216
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 1 5.13% $3,626
    Strong Home Mortgage, LLC 1 3.25% $16,762
    Texana Bank 1 3.25% $19,943
    The Central Trust Bank 1 4.50% $4,906
    Armed Forces Bank 1 5.75% $3,443
    TOP FLITE FINANCIAL, INC. 1 3.25% $21,803
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.38% $7,044
    Truist 1 4.13% $5,548
    UNITED MORTGAGE CORP 1 7.13% $11,085
    AMERICAN FINANCING CORPORATION 1 2.75% $3,011
    GUARANTY HOME MORTGAGE CORPORATION 1 4.63% $10,726
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.13% $12,297
    George Mason Mortgage, LLC 1 3.99% $8,604
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $17,562
    HOMESIDE FINANCIAL, LLC 1 4.75% $8,335
    HOMESTEAD FUNDING CORP. 1 6.75% $4,713
    Hometown Lenders, Inc. 1 3.50% $19,154
    INLAND BANK & TRUST 1 5.13% $17,643
    Florida Capital Bank 1 5.13% $13,558
    Flagstar Bank, FSB 1 4.75% $14,094
    Low VA Rates, LLC 1 6.38% $0
    Magnolia Bank 1 6.25% $20,606
    First Option Mortgage, LLC 1 5.63% $26,478
    MICHIGAN MUTUAL, INC. 1 5.63% $9,310
    Mid Penn Bank 1 5.25% $22,377
    MILEND, INC. 1 3.63% $6,468
    MORTGAGE ACCESS CORP. 1 4.75% $10,462
    Mortgage America, Inc. 1 6.63% $4,808
    First Federal Bank of Kansas City 1 2.88% $17,681
    Farmers and Merchants Trust Company of Chambersburg 1 4.75% $14,094
    Evolve Bank & Trust 1 3.75% $6,413
    EVERETT FINANCIAL, INC. 1 6.63% $6,706
    Mutual Federal Bank 1 7.13% $16,647
    MY MORTGAGE, INC. 1 6.75% $12,130
    NATIONS DIRECT MORTGAGE, LLC 1 3.38% $7,822
    Nations Lending Corporation 1 2.63% $15,052
    NETWORK CAPITAL FUNDING CORPORATION 1 3.50% $7,634

    The top York VA lender as defined by loan originations is Mortgage Research Center, LLC, with 114 VA loans originated. Their average total fees are $8,387, which is $2,266 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 ($7,269), MCLEAN MORTGAGE CORPORATION ($7,325), MOVEMENT MORTGAGE, LLC ($8,205), Mortgage Research Center, LLC ($8,387) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,270).

    The lowest rate York VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.82%), QUICKEN LOANS, LLC (4.07%), CALIBER HOME LOANS, INC. (4.14%), GUARANTEED RATE, INC. (4.15%) and USAA Federal Savings Bank (4.28%).

    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%) $236,366 (10.1%) 0.78 1,523
    2018-02-01 $214,949 (16.2%) $242,458 (12.8%) 0.78 1,407
    2018-03-01 $213,921 (12.7%) $243,937 (9.3%) 0.75 1,392
    2018-04-01 $219,900 (10.0%) $246,994 (7.2%) 0.75 1,457
    2018-05-01 $226,950 (7.6%) $253,143 (7.2%) 0.76 1,494
    2018-06-01 $229,410 (9.3%) $255,854 (7.5%) 0.77 1,581
    2018-07-01 $228,114 (8.7%) $255,806 (6.4%) 0.76 1,594
    2018-08-01 $224,900 (7.1%) $253,985 (6.1%) 0.75 1,630
    2018-09-01 $219,900 (8.9%) $248,776 (5.4%) 0.74 1,586
    2018-10-01 $219,450 (4.6%) $246,206 (2.8%) 0.74 1,653
    2018-11-01 $219,900 (10.0%) $245,939 (5.5%) 0.75 1,660
    2018-12-01 $217,400 (8.8%) $243,146 (4.9%) 0.75 1,600
    2019-01-01 $218,343 (3.3%) $240,875 (1.9%) 0.75 1,415
    2019-02-01 $219,900 (2.3%) $243,238 (0.3%) 0.74 1,303
    2019-03-01 $219,900 (2.8%) $247,411 (1.4%) 0.72 1,286
    2019-04-01 $220,710 (0.4%) $253,382 (2.6%) 0.70 1,292
    2019-05-01 $229,025 (0.9%) $258,920 (2.3%) 0.72 1,333
    2019-06-01 $229,900 (0.2%) $263,665 (3.1%) 0.72 1,398
    2019-07-01 $238,925 (4.7%) $269,168 (5.2%) 0.75 1,415
    2019-08-01 $238,564 (6.1%) $271,668 (7.0%) 0.76 1,393
    2019-09-01 $236,559 (7.6%) $272,740 (9.6%) 0.76 1,357
    2019-10-01 $235,000 (7.1%) $273,428 (11.1%) 0.76 1,321
    2019-11-01 $231,995 (5.5%) $268,372 (9.1%) 0.76 1,204
    2019-12-01 $235,570 (8.4%) $267,769 (10.1%) 0.79 1,095
    2020-01-01 $237,659 (8.9%) $267,065 (10.9%) 0.79 994
    2020-02-01 $248,983 (13.2%) $274,477 (12.8%) 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 (13.5%) $292,167 (12.8%) 0.79 900
    2020-06-01 $255,423 (11.1%) $289,737 (9.9%) 0.75 849
    2020-07-01 $260,629 (9.1%) $304,904 (13.3%) 0.76 754
    2020-08-01 $271,400 (13.8%) $307,605 (13.2%) 0.78 680
    2020-09-01 $268,445 (13.5%) $309,658 (13.5%) 0.77 644
    2020-10-01 $259,995 (10.6%) $305,693 (11.8%) 0.75 636
    2020-11-01 $262,500 (13.2%) $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 $280,693 (4.8%) $307,756 (5.4%) 0.76 427
    2021-05-01 $279,900 (7.7%) $304,129 (4.1%) 0.74 479
    2021-06-01 $260,248 (1.9%) $294,754 (1.7%) 0.69 595
    2021-07-01 $269,900 (3.6%) $300,099 (-1.6%) 0.71 632
    2021-08-01 $263,247 (-3.0%) $298,180 (-3.1%) 0.70 651
    2021-09-01 $262,500 (-2.2%) $302,895 (-2.2%) 0.70 635
    2021-10-01 $260,000 (0.0%) $304,744 (-0.3%) 0.69 584
    2021-11-01 $265,471 (1.1%) $304,597 (-2.0%) 0.71 560
    2021-12-01 $277,933 (5.3%) $321,652 (1.9%) 0.75 484
    2022-01-01 $307,990 (16.3%) $340,566 (7.5%) 0.83 417
    2022-02-01 $315,758 (15.0%) $341,731 (6.9%) 0.82 419
    2022-03-01 $321,990 (16.5%) $347,476 (12.4%) 0.81 445
    2022-04-01 $324,900 (15.8%) $347,411 (12.9%) 0.77 451
    2022-05-01 $326,948 (16.8%) $357,977 (17.7%) 0.75 522
    2022-06-01 $323,160 (24.2%) $357,952 (21.4%) 0.72 570
    2022-07-01 $318,965 (18.2%) $353,688 (17.9%) 0.72 618
    2022-08-01 $324,900 (23.4%) $357,044 (19.7%) 0.75 604
    2022-09-01 $329,450 (25.5%) $364,043 (20.2%) 0.77 594
    2022-10-01 $340,000 (30.8%) $365,361 (19.9%) 0.80 597
    2022-11-01 $339,924 (28.1%) $359,757 (18.1%) 0.82 582
    2022-12-01 $349,000 (25.6%) $361,572 (12.4%) 0.86 563
    2023-01-01 $349,900 (13.6%) $363,112 (6.6%) 0.87 524
    2023-02-01 $359,473 (13.8%) $374,015 (9.5%) 0.87 477
    2023-03-01 $357,814 (11.1%) $373,822 (7.6%) 0.84 467
    2023-04-01 $342,805 (5.5%) $368,472 (6.1%) 0.80 450
    2023-05-01 $349,900 (7.0%) $374,222 (4.5%) 0.79 485
    2023-06-01 $349,500 (8.2%) $378,247 (5.7%) 0.79 512
    2023-07-01 $332,245 (4.2%) $379,103 (7.2%) 0.76 566
    2023-08-01 $337,495 (3.9%) $388,188 (8.7%) 0.78 604
    2023-09-01 $329,995 (0.2%) $381,126 (4.7%) 0.77 656
    2023-10-01 $322,450 (-5.2%) $374,134 (2.4%) 0.76 714
    York's median listing price for 2023-10-01 was $322,450, a difference of $-17,550 (-5.2%) versus the prior year and $-7,545 versus the prior month.

    York's median listing price comes in at 76% of the national average.

    York's average listing price for 2023-10-01 was $374,134, a difference of $8,773 (2.4%) versus the prior year and $-6,992 versus the prior month.

    For the 2023-10-01 period, York had 714 MLS listings, a difference of 58 listings (9%) versus the prior month and 117 listings (20%) 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 1,873 sqft
    2018-06-01 46 days 2,062 sqft
    2018-07-01 52 days 2,020 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 1,910 sqft
    2019-01-01 75 days 1,877 sqft
    2019-02-01 78 days 1,877 sqft
    2019-03-01 62 days 1,894 sqft
    2019-04-01 47 days 1,921 sqft
    2019-05-01 44 days 1,960 sqft
    2019-06-01 47 days 1,984 sqft
    2019-07-01 47 days 2,026 sqft
    2019-08-01 50 days 2,050 sqft
    2019-09-01 54 days 2,041 sqft
    2019-10-01 57 days 2,029 sqft
    2019-11-01 61 days 1,995 sqft
    2019-12-01 69 days 1,971 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 1,995 sqft
    2020-10-01 48 days 1,975 sqft
    2020-11-01 51 days 1,948 sqft
    2020-12-01 58 days 1,938 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 1,864 sqft
    2021-07-01 38 days 1,868 sqft
    2021-08-01 38 days 1,862 sqft
    2021-09-01 46 days 1,849 sqft
    2021-10-01 52 days 1,880 sqft
    2021-11-01 45 days 1,845 sqft
    2021-12-01 50 days 1,855 sqft
    2022-01-01 49 days 1,900 sqft
    2022-02-01 39 days 1,900 sqft
    2022-03-01 38 days 1,911 sqft
    2022-04-01 38 days 1,948 sqft
    2022-05-01 35 days 1,950 sqft
    2022-06-01 34 days 1,962 sqft
    2022-07-01 37 days 1,986 sqft
    2022-08-01 36 days 1,965 sqft
    2022-09-01 44 days 2,004 sqft
    2022-10-01 48 days 2,030 sqft
    2022-11-01 50 days 2,021 sqft
    2022-12-01 54 days 2,014 sqft
    2023-01-01 60 days 2,002 sqft
    2023-02-01 49 days 2,069 sqft
    2023-03-01 43 days 2,031 sqft
    2023-04-01 38 days 1,976 sqft
    2023-05-01 33 days 2,015 sqft
    2023-06-01 36 days 2,001 sqft
    2023-07-01 35 days 1,960 sqft
    2023-08-01 34 days 1,966 sqft
    2023-09-01 37 days 1,964 sqft
    2023-10-01 41 days 1,934 sqft
    York's median listing age (time on market) for 2023-10-01 was 41 days. This is -15% shorter than the same period one year ago.

    York's median square footage for active listings during the 2023-10-01 period was 1,934 sqft. One year prior, the average listing was 2,030 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.