Allentown Mortgage Rates, Fees & Info

Allentown, PA

LEI: 549300YS7CHMGGRDEV77

Tax ID: 23-1499751

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Allentown is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Allentown has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, East Stroudsburg, and Philadelphia among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Allentown has an above average approval rate when compared to the average across all lenders. Allentown is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Allentown Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Allentown. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    80

    Origination Dollar Volume (All Markets)

    $8,530,000

    Awards

    ALLENTOWN 30 Year Conventional Loans gold
    Show all (1) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 74 $7,570,000 $102,297 $353 3.06%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 4 $640,000 $160,000 $370 3.50%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $320,000 $160,000 $499 3.13%
    Allentown's top markets include Allentown, East Stroudsburg, and Philadelphia among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ALLENTOWN based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Penn Community Bank
    Similarity Rank: 462
    Unity Bank
    Similarity Rank: 486
    VISIONS
    Similarity Rank: 624
    ESSA Bank & Trust
    Similarity Rank: 756
    Kearny Bank
    Similarity Rank: 1152
    MILLENIUM HOME MORTGAGE, LLC
    Similarity Rank: 1620
    AMERICAN FEDERAL MORTGAGE CORPORATION
    Similarity Rank: 2247
    Peoples Security Bank and Trust Company
    Similarity Rank: 2376
    GREENTREE MORTGAGE COMPANY, L.P.
    Similarity Rank: 2379
    Investors Bank
    Similarity Rank: 2407

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 45 $3,005,000 $66,778 n/a 2.50%
    Conventional 35 $5,525,000 $157,857 $359 3.81%

    For 2021, Allentown's most frequently originated type of loan was HELOC, with 45 originations. Their 2nd most popular type was Conventional, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 32 $4,090,000 $127,813 $373 3.18%
    Home Improvement 26 $1,240,000 $47,692 $0 2.56%
    Cash Out Refi 18 $2,390,000 $132,778 $341 3.42%
    Home Purchase 4 $810,000 $202,500 $350 4.06%

    For 2021, Allentown's most frequently cited loan purpose was Refi, with 32 originations. The 2nd most popular reason was Home Improvement, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 41 $2,605,000 $63,537 $0 2.50%
    30 Year 15 $2,825,000 $188,333 $323 3.88%
    Other 12 $1,610,000 $134,167 $368 3.86%
    20 Year 8 $820,000 $102,500 $414 3.16%
    15 Year 4 $670,000 $167,500 $414 3.75%

    For 2021, Allentown's most frequently cited loan duration was 10 Year, with 41 originations. The 2nd most popular length was 30 Year, with 15 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 45 $3,045,000 $67,667
    3-4% 30 $4,590,000 $153,000
    4-5% 4 $880,000 $220,000

    During 2021, Allentown's average interest rate for loans was 3.88%, while their most frequently originated rate bucket for loans was <2.5%, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 43 $2,105,000 $48,953 $200 2.71%
    $100k-200k 29 $4,255,000 $146,724 $374 3.38%
    $200k-400k 7 $1,735,000 $247,857 $456 4.00%
    $400k-600k 1 $435,000 $435,000 $499 3.75%

    2021 saw Allentown place emphasis on $100,000 or less loans with 43 originations, totaling $2,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 21 $2,765,000 $131,667 $300 3.36%
    $75k-100k 18 $2,050,000 $113,889 $471 3.04%
    $150k-250k 15 $1,505,000 $100,333 $499 2.78%
    $100k-150k 14 $1,480,000 $105,714 $449 2.89%
    $50k or less 9 $605,000 $67,222 $273 3.36%
    $250k+ 3 $125,000 $41,667 $160 2.92%

    Allentown lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $75k-100k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 26 $1,770,000 $68,077 $330 2.70%
    20-30% 24 $2,430,000 $101,250 $386 3.04%
    30-36% 18 $2,780,000 $154,444 $390 3.60%
    37% 6 $570,000 $95,000 $315 3.37%
    36% 2 $160,000 $80,000 $0 2.50%
    38% 2 $280,000 $140,000 $60 3.13%
    42% 1 $435,000 $435,000 $499 3.75%
    50-60% 1 $105,000 $105,000 $160 3.75%

    Allentown lent most frequently to those with DTI ratios of <20%, with 26 originations. The next most common DTI ratio? 20-30%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $8,370,000 $107,308 $359 3.10%
    Black 1 $85,000 $85,000 $0 2.50%
    Asian 1 $75,000 $75,000 $0 2.50%

    Approval Rates

    Total approvals of all applications
    95.24%

    Allentown has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 80 $8,530,000 $106,625

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    80 $8,530,000 $106,625

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,300,000 $81,250 $245 2.81%
    40-60% 10 $920,000 $92,000 $305 3.38%
    60-80% 21 $3,735,000 $177,857 $390 3.36%
    80-100% 10 $1,860,000 $186,000 $407 3.92%
    Under 20% 23 $715,000 $31,087 $0 2.50%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    ALLIANT CREDIT UNION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 26.7%
    ALLIANT CREDIT UNION Conventional home mortgage Closing on a mortgage 1 6.7%
    ALLIANT CREDIT UNION Conventional home mortgage Trouble during payment process 6 40.0%
    ALLIANT CREDIT UNION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    ALLIANT CREDIT UNION Other type of mortgage Incorrect information on your report 1 6.7%
    ALLIANT CREDIT UNION Other type of mortgage Trouble during payment process 2 13.3%