Harrisonburg VA Loan Rates, Closing Costs & Stats

HARRISONBURG, VA

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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.

    Harrisonburg's 49 lenders originated 116 VA loans during 2024. The total origination value was $44,990,000, with an average VA loan value of $387,845.

    Harrisonburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Harrisonburg averaged 6.98% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Harrisonburg's average VA mortgage closing costs are $6,471.

    The average rate for the prior week (2025-07-11) was 6.97% and one month ago for the week of 2025-06-13, the average rate was 6.74%.

    The average rate one year ago was 6.94%.

    For refis of the same type during the week of 2025-07-18, the average rate was 7.05%.

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

    Harrisonburg 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 Harrisonburg level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    NVR Mortgage Finance, Inc. 14 6.24% $8,916
    Mortgage Research Center, LLC 13 6.36% $5,182
    UNITED WHOLESALE MORTGAGE, LLC 9 5.69% $8,242
    FREEDOM MORTGAGE CORPORATION 5 6.13% $6,436
    NAVY FEDERAL CREDIT UNION 4 5.72% $4,920
    USAA Federal Savings Bank 3 6.58% $5,543
    NEWREZ LLC 3 5.92% $9,108
    MOVEMENT MORTGAGE, LLC 3 6.42% $3,713
    DHI MORTGAGE COMPANY, LTD. 3 5.49% $11,017
    F & M BANK CORP. 3 6.71% $7,757
    United Bank 3 5.79% $11,727
    CARDINAL FINANCIAL 3 6.08% $8,278
    Prosperity Home Mortgage, LLC 3 6.00% $6,032
    Integrity Home Mortgage Corp 2 6.75% $10,077
    Century Mortgage Company DBA Century Lending Company 2 6.13% $5,304
    GoPrime Mortgage, Inc. 2 6.94% $12,947
    GUARANTEED RATE, INC. 2 6.19% $6,135
    QUICKEN LOANS, LLC 2 5.56% $3,994
    VILLAGE CAPITAL MORTGAGE 2 5.62% $8,086
    EMBRACE HOME LOANS, INC. 1 6.00% $8,380
    U.S. Bank 1 6.13% $4,246
    GSF Mortgage Corporation 1 6.25% $21,957
    Vellum Mortgage, Inc. 1 5.63% $3,140
    HOMESIDE FINANCIAL, LLC 1 6.12% $19,967
    Alcova Mortgage LLC 1 7.25% $14,685
    Ixonia Bank 1 5.88% $10,120
    Meridian Bank Corporation 1 5.75% $5,198
    MILEND, INC. 1 6.75% $18,972
    CROSSCOUNTRY MORTGAGE, LLC 1 5.56% $6,509
    CONTOUR MORTGAGE CORPORATION 1 7.00% $4,822
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $28,163
    CMG MORTGAGE, INC. 1 6.00% $4,481
    CLEARPATH LENDING 1 5.25% $1,836
    C & F Mortgage Corporation 1 6.25% $6,860
    PENNYMAC LOAN SERVICES, LLC 1 5.75% $2,823
    PLANET HOME LENDING, LLC 1 5.49% $3,057
    Carrington Mortgage Services, LLC 1 7.63% $9,163
    Wells Fargo Bank 1 7.25% $2,591
    Renasant Bank 1 6.63% $7,545
    The Federal Savings Bank 1 5.25% $3,006
    TOWNE MORTGAGE COMPANY 1 6.25% $6,399
    UNION HOME MORTGAGE CORP. 1 4.88% $5,441
    CALCON MUTUAL MORTGAGE LLC 1 5.88% $40,479
    Atlantic Coast Mortgage, LLC 1 5.75% $17,367
    American Mortgage & Equity Consultants, Inc. 1 7.25% $9,742
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $3,974
    First Federal Bank 1 5.50% $3,374
    FIRST SAVINGS MORTGAGE CORPORATION 1 6.13% $9,210
    EVERETT FINANCIAL, INC. 1 6.75% $12,455

    The top Harrisonburg VA lender as defined by loan originations is NVR Mortgage Finance, Inc., with 14 VA loans originated. Their average total fees are $8,916, which is $3,734 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Harrisonburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,182), NVR Mortgage Finance, Inc. ($8,916), .

    The lowest rate Harrisonburg VA lenders (with over 10 loans originated) are NVR Mortgage Finance, Inc. (6.24%), Mortgage Research Center, LLC (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.