Pennsylvania
VA Loans in Pennsylvania
The VA Loan offers unparalleled benefits exclusively to military personnel and veterans. In Pennsylvania, these benefits are being utilized by veterans and active-duty members in cities including Philadelphia, Pittsburgh, Allentown, Erie, and Reading.
With the national rise in home prices, the VA Loan's $0 down payment, absence of PMI, competitive interest rates, and flexible credit requirements are making home ownership increasingly attainable for Pennsylvania's military families and veterans.
Median Sale Price of Homes in Pennsylvania*
|
Philadelphia |
$212,318 |
|
Pittsburgh |
$216,662 |
|
Allentown |
$267,306 |
|
Erie |
$165,861 |
|
Reading |
$227,985 |
|
Pennsylvania Statewide Average |
$253,762 |
|---|
*Data sourced from Zillow (January 2024)
Property Taxes in Pennsylvania
Pennsylvania's property tax rates vary across the state, with several exemptions available that could benefit homeowners, including those for senior citizens, disabled veterans, and more. Property taxes in Pennsylvania are due annually.
VA Disability in Pennsylvania
Pennsylvania provides various property tax exemptions for veterans, including disabled veterans and seniors. Qualifications for these exemptions can vary, so it's essential to check with your county assessor's office.
Insurance Programs in Pennsylvania
Being prepared for natural disasters is crucial in Pennsylvania, where homeowners often insure against events like floods, storms, and severe winter weather. Consulting with a reputable insurance provider is recommended to ensure adequate coverage.
Military Presence in Pennsylvania
Pennsylvania has a significant military presence, with bases and facilities that contribute to the state's economy and community. Details about these installations can further highlight their importance in Pennsylvania.
VA Home Loan Volume in 2023 in Pennsylvania*
|
Total Purchase Loans |
5,871 |
|
Total Refinance Loans |
110 |
|
Total Home Loans |
8,037 |
|
Total Loan Amount |
$2,283,635,401 |
|
Average Loan Amount |
$284,140 |
*Data obtained from the Department of Veterans Affairs (2023)
FAQ’s about VA Loans in Pennsylvania
Curious about how to purchase a home in Pennsylvania or want more details on VA Loans? Start by giving us a call or filling out this form to initiate the process!
Seeking information on property tax exemptions or other benefits for veterans in Pennsylvania? Explore here for comprehensive details on state-specific exemptions.
Interested in learning about the prevailing interest rates for VA Loans in Pennsylvania? They're often more favorable compared to conventional loans. Discover more here.