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Pennsylvania

Welcome to Pennsylvania

Pennsylvania, known as the Keystone State, blends rich history with thriving modern communities. Home to iconic landmarks such as Independence Hall and the Liberty Bell, Pennsylvania boasts a unique mix of historical charm and contemporary living. From the bustling streets of Philadelphia to the scenic beauty of the Pocono Mountains, the state offers diverse landscapes and vibrant cities that cater to a variety of lifestyles.

Pennsylvania’s economy thrives on industries such as healthcare, education, manufacturing, and energy. With top-rated universities, sprawling farmlands, and an expanding technology sector, the state provides opportunities for growth and prosperity. Whether you're drawn to historic towns or modern metropolitan areas, Pennsylvania stands out as a welcoming and dynamic place to call home. Let Military Home Spot Lending assist you in making Pennsylvania your new home.

Major Cities in Pennsylvania

Pennsylvania’s largest cities showcase the state’s dynamic and diverse culture. Each city provides unique living experiences, blending history, innovation, and local character. Philadelphia stands out with its vibrant arts scene and historical landmarks, while Pittsburgh is renowned for its revitalized industries and scenic riverfronts. The state’s smaller cities, like Allentown and Erie, offer growing economies and a strong sense of community.

Veteran Benefits in Pennsylvania

Pennsylvania honors its veterans through a variety of financial, educational, and recreational benefits. From property tax exemptions to state employment preferences, the state supports veterans in multiple aspects of life. Pennsylvania veterans can also access healthcare services and financial assistance tailored to their needs.

  • Pennsylvania Veterans Homes
    Pennsylvania operates six veterans homes across the state, providing care for honorably discharged residents and their spouses, with fees based on the ability to pay.
  • Pennsylvania Veteran Financial Benefits
    The state offers various financial benefits, including tax exemptions on active-duty and retirement pay, emergency financial assistance, and property tax exemptions for eligible veterans.
  • Veterans Temporary Assistance
    Temporary financial support is available for veterans in immediate need, helping with essentials like food and shelter.
  • Real Estate Tax Exemption
    Veterans with 100% disability due to service may qualify for property tax exemptions, subject to income limits.
  • Education Benefits
    Pennsylvania provides educational gratuities to eligible veterans' children and education assistance programs for National Guard members and their families.
  • Employment Benefits
    Veterans receive preference for state jobs, with additional points on test scores and options to purchase retirement credit for military service.
  • Recreation Benefits
    The state offers free or reduced-fee hunting, fishing, and trapping licenses for disabled or active-duty veterans.
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Pennsylvania's Military Presence

Pennsylvania plays a vital role in national defense, housing key military installations that contribute to national security and provide employment for thousands of service members and civilians. The state’s military bases focus on logistics, training, and strategic support, reinforcing the region's significance in the broader defense network.

  • Naval Support Activity Mechanicsburg: This logistics base near Harrisburg supports naval operations globally by managing supplies and maintenance services critical to the U.S. Navy.
  • Letterkenny Army Depot: Located in Chambersburg, Letterkenny specializes in repairing and maintaining military vehicles, missiles, and electronic systems for the U.S. Army.
  • Carlisle Barracks: Home to the U.S. Army War College, Carlisle Barracks prepares high-level military leaders for strategic positions within the Department of Defense.
  • Tobyhanna Army Depot: Situated in northeastern Pennsylvania, this depot provides electronics maintenance and logistics support, playing a crucial role in communications and defense systems.
  • Fort Indiantown Gap: The headquarters for the Pennsylvania National Guard, this base serves as a major training facility for National Guard units and active-duty personnel.
  • Willow Grove Air Reserve Station: Supporting Air Force Reserve and National Guard operations, Willow Grove provides training and readiness for aerial missions.

VA Loans in Pennsylvania

VA Home Loan Volume in 2024 in Pennsylvania*

Total Loans

8,314

Average Loan Amount

$298,249

Total Loan Amount (ALL)

$2,479,643,557

Total Purchase Loans

5,447

Total Purchase Loans %

65.52%

Total IRRRL Loans

1,023

Total IRRRL Loans %

12.30%

Total Cash-Out Loans

1,844

Total Cash-Out Loans %

22.18%

*Data pulled from the Department of Veterans Affairs.

VA Loan Requirements in Pennsylvania

VA loan requirements in Pennsylvania align with those across the country, with specific eligibility criteria related to military service and other general requirements like creditworthiness, income, and home occupancy.

To qualify for a VA loan, you typically need to meet one of the following service requirements:

  • 90 days of active service during wartime
  • 181 continuous days of active service during peacetime
  • 6 or more years of service in the National Guard or Reserves
  • Spouse of a service member who died in the line of duty or from a service-related disability

Other VA loan conditions include:

  • Funding Fee: VA loans require a one-time funding fee, which can vary based on the down payment and military category. Some veterans may qualify for an exemption from this fee.
  • Occupancy Requirement: The property must be your primary residence, and occupancy is typically required within 60 days of closing.
  • Property Eligibility: The home must meet VA appraisal standards, ensuring it is safe, sound, and sanitary.

VA Loan Entitlement in Pennsylvania

VA loan entitlement is the amount the VA will guarantee for your loan. Veterans with full entitlement can borrow without a loan limit, while those with remaining entitlement may need to follow county loan limits.

  • Full Entitlement: No loan limit applies. You can borrow as much as a lender is willing to offer, without requiring a down payment.
  • Remaining Entitlement: If you have an active VA loan or have used part of your entitlement, your remaining entitlement is calculated based on county loan limits.

If you have used part of your entitlement, the VA typically guarantees 25% of the county’s loan limit minus the entitlement already used.

VA Loan Limits in Pennsylvania

For veterans with remaining entitlement, VA loan limits in Pennsylvania vary by county. In most areas, the standard VA loan limit is $766,550 for 2024. However, veterans with full entitlement are not subject to these limits.

It’s important to note that VA loan limits do not cap the amount you can borrow. Instead, they determine how much the VA will guarantee without requiring a down payment. Borrowing above the limit may require a down payment.

VA Loan Rates in Pennsylvania

VA loan rates in Pennsylvania fluctuate based on factors like credit score, market conditions, and loan type. VA loans typically offer lower interest rates compared to conventional loans due to the VA guarantee, making them an attractive option for veterans seeking to minimize monthly payments.

For the most accurate and competitive VA loan rates, it’s best to consult with a VA-approved lender familiar with Pennsylvania’s housing market.

Types of VA Mortgage Programs in Pennsylvania

  • VA Purchase Loan: Allows veterans to buy a home with no down payment and competitive rates.
  • VA Cash-Out Refinance: Enables veterans to refinance up to 100% of their home’s value, converting home equity into cash.
  • VA Streamline Refinance (IRRRL): This program simplifies the refinancing process by reducing interest rates with minimal documentation.

How to Get a VA Loan in Pennsylvania

To apply for a VA loan in Pennsylvania, follow these steps:

  1. Obtain a Certificate of Eligibility (COE): This document confirms your eligibility for VA loan benefits. Your lender can help you obtain it.
  2. Choose a VA-Approved Lender: Work with a lender experienced in VA loans to ensure you receive the best terms.
  3. Find a Home: Once pre-approved, start searching for a home that meets VA property requirements.
  4. Get a VA Appraisal: A VA-assigned appraiser will ensure the property meets VA standards.
  5. Loan Approval and Closing: Your lender will finalize the loan, and you’ll close on your new home.

VA loans are a powerful benefit that makes homeownership more accessible for Pennsylvania’s veterans, providing affordable terms and valuable financial advantages.

Real Estate in Pennsylvania

Pennsylvania offers a diverse real estate market, from historic properties in Philadelphia to suburban homes in Pittsburgh and charming rural communities throughout the state. With affordable housing options, excellent schools, and thriving urban areas, Pennsylvania continues to attract homebuyers, including veterans looking to settle in the Keystone State.

The state’s stable economy and extensive infrastructure make it a great place for veterans to find housing that suits their needs. Whether you're drawn to the excitement of urban life or the tranquility of rural settings, Pennsylvania provides a variety of options for every homebuyer.

Median Sale Price of Homes in Pennsylvania*

Philadelphia

$260,000

Pittsburgh

$233,500

Allentown

$250,000

Erie

$147,450

Scranton

$197,500

Harrisburg

$157,500

Reading

$169,500

Pennsylvania Statewide Average

$298,400

*Data sourced from Redfin (January 2025)

Frequently Asked Questions

Find answers to common questions about Military Home Spot Lending and our services. Can't find what your need? Get in touch with us.

What is a VA Loan, and who can get one?

A VA Loan is a mortgage designed for veterans, active-duty service members, and some surviving spouses. The VA has certain service requirements to qualify. Want to check if you’re eligible? Click here to find out.

How do I get started with a VA Loan?

It’s easier than you might think! First, you’ll need your Certificate of Eligibility (COE), and then you can connect with a VA-approved lender like us. We’ll guide you through the rest. Get started here.

Why should I choose a VA Loan over a regular loan?

VA Loans come with some pretty awesome perks—think no down payment, no private mortgage insurance (PMI), and competitive rates. Plus, they’re more flexible with credit requirements. Want to learn more? Click here.

Can you help me with the VA Loan in Pennsylvania?

Absolutely, we serve veterans throughout Pennsylvania and are well-versed in VA Loans in the state. Get in touch with our team to get started on your VA Loan application by visiting our online application page.

Are there any extra costs with a VA Loan?

There might be a funding fee and some closing costs, but these can often be negotiated. We’re here to help you understand what to expect. Get the details here.

How much can I borrow with a VA Loan?

The amount you can borrow depends on where you live since loan limits vary by county. Curious about how much you might qualify for? Learn more here.

What if my credit isn’t perfect? Can I still get a VA Loan?

Yes, you can! VA Loans are known for being more forgiving with credit scores, though a lower score might mean a higher interest rate. Want to know how you can still qualify? Find out more here.

What are the occupancy rules for a VA Loan?

You’ll need to live in the home as your primary residence, and typically, you have to move in within 60 days of closing. Need more info on this? Click here.