Allentown FHA Loan Rates, Closing Costs & Stats

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Allentown's 176 lenders originated 2,612 FHA loans during 2022. The total origination value was $591,910,000, with an average FHA loan value of $226,612.

Allentown FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Allentown averaged -0.49% for the week of 2024-02-23, compared to the national average (all FHA variants) of 0% for the same period.

Allentown's average FHA mortgage closing costs are $7,957.

The average rate for the prior week (2024-02-16) was 6.15% and one month ago for the week of 2024-01-19, the average rate was 6.29%.

The average rate one year ago was 6.15%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.22%.

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

Allentown FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Allentown level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
CROSSCOUNTRY MORTGAGE, LLC 261 5.20% $10,973
QUICKEN LOANS, LLC 227 4.56% $10,563
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 174 5.15% $11,492
CALIBER HOME LOANS, INC. 115 4.60% $10,253
Prosperity Home Mortgage, LLC 82 5.36% $10,381
UNITED WHOLESALE MORTGAGE, LLC 79 5.03% $10,636
LOANDEPOT.COM, LLC 66 4.75% $10,254
Mortgage America, Inc. 55 5.08% $7,800
PENNYMAC LOAN SERVICES, LLC 49 4.10% $9,131
Mr. Cooper ( Nationstar Mortgage ) 49 4.53% $13,477
FINANCE OF AMERICA MORTGAGE LLC 48 4.86% $10,761
UNION HOME MORTGAGE CORP. 47 5.25% $9,729
FREEDOM MORTGAGE CORPORATION 47 4.67% $9,919
ABSOLUTE HOME MORTGAGE CORPORATION 44 5.57% $12,879
Paramount Residential Mortgage Group, Inc. 42 5.37% $11,877
T2 FINANCIAL LLC 36 5.28% $10,378
MOVEMENT MORTGAGE, LLC 34 4.89% $10,047
Quaint Oak Mortgage, LLC 32 4.94% $10,472
CARDINAL FINANCIAL 31 4.43% $11,441
GUARANTEED RATE, INC. 31 4.62% $10,910
AMERISAVE MORTGAGE CORPORATION 30 4.67% $12,428
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 29 5.32% $10,826
BROKER SOLUTIONS, INC. 26 5.09% $11,788
Hometown Lenders, Inc. 24 5.09% $10,362
NEWREZ LLC 23 4.52% $9,290
LAKEVIEW LOAN SERVICING, LLC 23 4.12% $7,051
HOME POINT FINANCIAL CORPORATION 23 4.17% $11,031
Plains Commerce Bank 22 5.43% $8,197
Equity Prime Mortgage LLC 22 5.90% $11,925
MORTGAGE ACCESS CORP. 22 5.11% $12,136
ROUNDPOINT MORTGAGE SERVICING CORPORATION 21 4.30% $8,668
Carrington Mortgage Services, LLC 19 5.24% $11,309
ARK-LA-TEX FINANCIAL SERVICES, LLC. 18 4.92% $8,897
Univest Bank and Trust Co. 17 4.48% $8,934
PANORAMA MORTGAGE GROUP, LLC 17 5.35% $11,553
EMBRACE HOME LOANS, INC. 17 4.89% $9,836
RESIDENTIAL HOME MORTGAGE CORPORATION 16 5.38% $11,529
ALLIED MORTGAGE GROUP, INC. 16 4.91% $11,265
Bank of America 15 4.66% $6,110
Citizens Bank 15 4.55% $9,339
EVERETT FINANCIAL, INC. 14 5.27% $6,716
EMM LOANS LLC 13 5.08% $10,286
Flagstar Bank, FSB 11 4.78% $11,460
PLANET HOME LENDING, LLC 11 4.58% $10,279
NJ LENDERS CORP. 11 4.63% $11,915
TOP FLITE FINANCIAL, INC. 10 5.95% $15,071
Century Mortgage Company DBA Century Lending Company 10 4.80% $13,072
Fulton Bank 9 4.65% $8,312
MUTUAL OF OMAHA MORTGAGE, INC. 9 4.89% $12,474
HOMESIDE FINANCIAL, LLC 9 4.89% $11,069
M&T Bank 9 3.88% $7,699
Victorian Finance, LLC 9 4.83% $11,776
UNITED MORTGAGE CORP 8 5.50% $10,948
Northpointe Bank 8 5.09% $11,849
Princeton Mortgage Corporation 8 4.72% $10,426
CHURCHILL MORTGAGE CORPORATION 8 5.14% $10,015
NVR Mortgage Finance, Inc. 8 4.50% $14,931
SUCCESS MORTGAGE PARTNERS, INC. 8 5.27% $13,055
AMERICAN FINANCING CORPORATION 7 4.25% $9,989
VILLAGE CAPITAL MORTGAGE 7 3.75% $5,953
FIRST HERITAGE FINANCIAL, LLC 7 4.18% $5,458
PNC Bank 7 5.36% $8,644
GENEVA FINANCIAL, LLC 7 5.79% $12,324
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 5.11% $12,877
Lakeview Community Capital, LLC 7 4.52% $8,662
Mortgage Research Center, LLC 6 6.48% $6,614
FIRST ALLIANCE HOME MORTGAGE, LLC 6 5.67% $13,331
Gateway First Bank 6 4.98% $8,966
MLB RESIDENTIAL LENDING, LLC 6 5.08% $15,531
Bank of England 6 5.31% $12,077
RELIANCE FIRST CAPITAL, LLC 6 4.79% $12,240
GUILD MORTGAGE COMPANY 6 6.23% $14,160
NFM, INC. 6 5.48% $10,630
GREENTREE MORTGAGE COMPANY, L.P. 5 5.55% $9,743
Advisors Mortgage Group, L.L.C. 5 5.85% $13,529
NATIONWIDE MORTGAGE BANKERS, INC. 5 5.65% $13,260
GSF Mortgage Corporation 5 5.93% $9,929
MLD MORTGAGE INC. 4 4.41% $11,147
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 4.81% $8,667
Financial Freedom Mortgage, LLC 4 5.19% $14,797
ENVOY MORTGAGE, LTD 4 4.34% $10,777
JPMorgan Chase Bank 4 4.40% $7,333
DEVELOPER'S MORTGAGE COMPANY 4 4.66% $14,381
SUN WEST MORTGAGE COMPANY, INC. 4 5.41% $10,948
OCMBC, INC. 4 6.31% $13,007
LIBERTY HOME MORTGAGE CORPORATION 4 5.69% $12,366
Nations Lending Corporation 4 5.31% $13,052
UNITED NORTHERN MORTGAGE BANKERS LIMITED 4 5.53% $10,969
NATIONS DIRECT MORTGAGE, LLC 3 5.08% $9,375
MCLEAN MORTGAGE CORPORATION 3 4.00% $8,703
TD Bank 3 4.75% $9,162
JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 3 5.08% $17,564
NEW FED MORTGAGE, CORP. 3 5.17% $14,178
PLAZA HOME MORTGAGE, INC. 3 5.63% $10,268
AmeriHome Mortgage Company, LLC 3 4.91% $9,456
HOWARD HANNA FINANCIAL SERVICES, INC. 3 4.67% $7,458
ZILLOW HOME LOANS, LLC 2 5.38% $9,655
Acre Mortgage and Financial Inc 2 6.31% $18,066
AmRes Corporation 2 6.13% $8,751
CityWorth Mortgage LLC 2 5.13% $10,123
CONTOUR MORTGAGE CORPORATION 2 4.50% $10,412
East Coast Capital Corp. 2 4.19% $12,664
First Federal Bank 2 4.63% $13,752
LADERA LENDING, INC. 2 4.06% $12,550
LOANLEADERS OF AMERICA, INC. 2 3.94% $11,079
MILLENIUM HOME MORTGAGE, LLC 2 3.63% $8,126
MORIA DEVELOPMENT, INC. 2 4.00% $14,602
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 4.00% $16,924
NATION ONE MORTGAGE CORPORATION 2 6.19% $15,851
NETWORK CAPITAL FUNDING CORPORATION 2 4.63% $11,393
Paramount Bank 2 5.25% $8,753
PHH Mortgage Corporation 2 5.44% $9,882
Republic Bank 2 5.25% $12,002
RESIDENTIAL HOME FUNDING CORP. 2 5.31% $10,406
Summit Mortgage Corporation 2 4.31% $9,736
The Federal Savings Bank 2 5.06% $17,580
TOTAL MORTGAGE SERVICES, LLC 2 4.75% $12,298
U.S. Bank 2 4.75% $13,517
US MORTGAGE CORPORATION 2 5.06% $15,373
Wyndham Capital Mortgage, Inc. 2 3.56% $11,474
1ST 2ND MORTGAGE COMPANY OF N.J., INC. 2 5.56% $9,871
KELLER MORTGAGE, LLC 1 5.25% $7,133
AMERICAN FINANCIAL RESOURCES, INC. 1 3.25% $8,494
INLAND BANK & TRUST 1 5.13% $6,574
HOMESPIRE MORTGAGE CORPORATION 1 5.13% $12,888
AMERICAN FEDERAL MORTGAGE CORPORATION 1 4.63% $11,529
Homesale Mortgage, LLC 1 3.50% $6,683
HANCOCK MORTGAGE PARTNERS, LLC 1 5.25% $17,790
GUARANTEED RATE AFFINITY, LLC 1 5.25% $11,849
Foote Capital Mortgage Company 1 4.50% $5,435
PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.25% $19,875
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.50% $14,395
Florida Capital Bank 1 5.50% $12,086
First Home Bank 1 5.63% $13,198
First Guaranty Mortgage Corporation 1 4.75% $7,058
FIRST COMMUNITY MORTGAGE, INC. 1 4.63% $7,233
FAY SERVICING, LLC 1 5.75% $13,308
EAGLE HOME MORTGAGE, LLC 1 5.38% $16,263
AMERICAN ADVISORS GROUP 1 3.00% $8,120
RESIDENTIAL BANCORP 1 3.99% $12,563
Waterstone Mortgage Corporation 1 6.63% $6,338
DRAPER AND KRAMER MORTGAGE CORP. 1 3.75% $8,969
Residential Mortgage Solutions, Inc. 1 5.25% $11,584
CLIFFCO, INC. 1 6.13% $8,067
Shamrock Home Loans, Inc. 1 3.25% $9,500
SOUTHERN TRUST MORTGAGE, LLC 1 3.25% $12,793
STEARNS LENDING, LLC 1 2.75% $6,179
STOCKTON MORTGAGE CORPORATION 1 5.25% $13,354
CHERRY CREEK MORTGAGE, LLC 1 5.50% $3,890
SUMMIT FUNDING, INC. 1 6.13% $14,095
Wells Fargo Bank 1 4.00% $9,551
BOND STREET MORTGAGE, LLC 1 5.50% $13,331
SWBC MORTGAGE CORPORATION 1 4.75% $8,425
BAYSHORE MORTGAGE FUNDING, LLC 1 5.25% $6,760
Barrington Bank & Trust Company, N.A. 1 3.88% $8,186
Texana Bank 1 5.25% $6,423
ACADEMY MORTGAGE CORPORATION 1 4.50% $9,906
The Huntington National Bank 1 3.50% $7,968
TIDEWATER MORTGAGE SERVICES, INC. 1 3.25% $16,160
APEX HOME LOANS, INC. 1 5.12% $17,383
1st Colonial Community Bank 1 5.00% $8,877
TOWNE MORTGAGE COMPANY 1 4.50% $11,408
Truist 1 6.13% $8,560
AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.75% $15,324
NBKC BANK 1 4.63% $10,902
AMERICAN HERITAGE FCU 1 5.49% $5,650
MILEND, INC. 1 5.13% $20,985
MICHIGAN MUTUAL, INC. 1 5.63% $16,474
NEXERA HOLDING LLC 1 3.63% $11,131
Meridian Bank Corporation 1 3.88% $19,212
Magnolia Bank 1 5.63% $8,359
North American Savings Bank, F.S.B. 1 5.63% $9,775
LOANPAL, LLC 1 3.63% $10,111
LENDING CAPITAL GROUP Inc 1 4.75% $13,154
OCEANSIDE MORTGAGE COMPANY 1 5.88% $3,791
LAND HOME FINANCIAL SERVICES, INC. 1 5.50% $10,648

The top Allentown FHA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 261 FHA loans originated. Their average total fees are $10,973, which is $410 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Allentown FHA lenders (with over 10 loans originated) are Bank of America ($6,110), EVERETT FINANCIAL, INC. ($6,716), LAKEVIEW LOAN SERVICING, LLC ($7,051), Mortgage America, Inc. ($7,800) and Plains Commerce Bank ($8,197).

The lowest rate Allentown FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (4.10%), LAKEVIEW LOAN SERVICING, LLC (4.12%), HOME POINT FINANCIAL CORPORATION (4.17%), ROUNDPOINT MORTGAGE SERVICING CORPORATION (4.30%) and CARDINAL FINANCIAL (4.43%).

Allentown FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ WARREN 2022 $420,680 $538,650 $651,050 $809,150
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ CARBON 2022 $420,680 $538,650 $651,050 $809,150
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ LEHIGH 2022 $420,680 $538,650 $651,050 $809,150
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ NORTHAMPTON 2022 $420,680 $538,650 $651,050 $809,150
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ WARREN 2023 $472,030 $604,400 $730,525 $907,900
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ CARBON 2023 $472,030 $604,400 $730,525 $907,900
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ LEHIGH 2023 $472,030 $604,400 $730,525 $907,900
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ NORTHAMPTON 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Allentown (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 $209,950 (10.5%) $277,520 (9.6%) 0.78 2,748
2018-02-01 $214,350 (8.8%) $281,165 (10.1%) 0.78 2,659
2018-03-01 $225,000 (10.6%) $286,425 (8.8%) 0.79 2,646
2018-04-01 $229,900 (6.9%) $288,560 (7.1%) 0.78 2,735
2018-05-01 $234,900 (7.0%) $292,661 (5.9%) 0.78 2,956
2018-06-01 $234,900 (6.6%) $295,401 (4.9%) 0.78 3,112
2018-07-01 $234,125 (6.4%) $292,661 (4.0%) 0.78 3,272
2018-08-01 $229,900 (4.6%) $287,985 (2.6%) 0.77 3,404
2018-09-01 $225,000 (1.4%) $284,677 (0.5%) 0.76 3,551
2018-10-01 $224,900 (1.2%) $284,409 (-0.6%) 0.76 3,530
2018-11-01 $219,900 (0.0%) $283,831 (0.0%) 0.75 3,362
2018-12-01 $219,000 (-0.4%) $282,013 (0.3%) 0.76 3,061
2019-01-01 $214,900 (2.4%) $277,063 (-0.2%) 0.74 2,837
2019-02-01 $219,900 (2.6%) $282,059 (0.3%) 0.74 2,759
2019-03-01 $215,614 (-4.2%) $275,046 (-4.0%) 0.71 2,955
2019-04-01 $210,664 (-8.4%) $269,347 (-6.7%) 0.67 3,274
2019-05-01 $215,950 (-8.1%) $272,027 (-7.1%) 0.67 3,385
2019-06-01 $219,900 (-6.4%) $273,723 (-7.3%) 0.69 3,491
2019-07-01 $224,200 (-4.2%) $271,413 (-7.3%) 0.70 3,519
2019-08-01 $218,564 (-4.9%) $269,623 (-6.4%) 0.69 3,510
2019-09-01 $216,559 (-3.8%) $271,663 (-4.6%) 0.69 3,465
2019-10-01 $215,223 (-4.3%) $274,145 (-3.6%) 0.69 3,401
2019-11-01 $235,000 (6.9%) $295,575 (4.1%) 0.77 2,624
2019-12-01 $232,225 (6.0%) $299,037 (6.0%) 0.77 2,357
2020-01-01 $234,125 (9.0%) $299,708 (8.2%) 0.78 2,088
2020-02-01 $243,900 (10.9%) $305,950 (8.5%) 0.80 1,915
2020-03-01 $254,950 (18.2%) $310,425 (12.9%) 0.80 1,917
2020-04-01 $259,175 (23.0%) $317,034 (17.7%) 0.81 1,709
2020-05-01 $259,900 (20.4%) $317,078 (16.6%) 0.79 1,673
2020-06-01 $259,950 (18.2%) $320,906 (17.2%) 0.77 1,689
2020-07-01 $269,700 (20.3%) $331,141 (22.0%) 0.78 1,522
2020-08-01 $272,700 (24.8%) $340,683 (26.4%) 0.78 1,486
2020-09-01 $277,450 (28.1%) $353,416 (30.1%) 0.80 1,449
2020-10-01 $269,900 (25.4%) $352,771 (28.7%) 0.77 1,497
2020-11-01 $270,200 (15.0%) $362,036 (22.5%) 0.79 1,357
2020-12-01 $274,950 (18.4%) $367,300 (22.8%) 0.82 1,206
2021-01-01 $279,000 (19.2%) $382,820 (27.7%) 0.83 998
2021-02-01 $294,925 (20.9%) $395,810 (29.4%) 0.86 874
2021-03-01 $289,675 (13.6%) $392,589 (26.5%) 0.82 909
2021-04-01 $290,175 (12.0%) $389,462 (22.9%) 0.79 1,013
2021-05-01 $299,500 (15.2%) $397,786 (25.5%) 0.80 1,079
2021-06-01 $299,900 (15.4%) $402,094 (25.3%) 0.79 1,215
2021-07-01 $299,000 (10.9%) $397,502 (20.0%) 0.79 1,375
2021-08-01 $299,175 (9.7%) $394,370 (15.8%) 0.80 1,381
2021-09-01 $299,600 (8.0%) $392,757 (11.1%) 0.80 1,364
2021-10-01 $299,000 (10.8%) $388,364 (10.1%) 0.80 1,320
2021-11-01 $299,900 (11.0%) $392,612 (8.5%) 0.80 1,150
2021-12-01 $299,900 (9.1%) $399,077 (8.7%) 0.81 934
2022-01-01 $303,450 (8.8%) $408,336 (6.7%) 0.82 765
2022-02-01 $297,450 (0.9%) $404,566 (2.2%) 0.77 718
2022-03-01 $306,000 (5.6%) $411,959 (4.9%) 0.77 713
2022-04-01 $325,000 (12.0%) $436,835 (12.2%) 0.77 766
2022-05-01 $349,900 (16.8%) $439,250 (10.4%) 0.80 991
2022-06-01 $353,225 (17.8%) $446,289 (11.0%) 0.79 1,155
2022-07-01 $350,000 (17.1%) $433,679 (9.1%) 0.79 1,343
2022-08-01 $354,533 (18.5%) $439,956 (11.6%) 0.82 1,321
2022-09-01 $355,820 (18.8%) $437,065 (11.3%) 0.83 1,271
2022-10-01 $350,000 (17.1%) $441,035 (13.6%) 0.82 1,320
2022-11-01 $351,033 (17.1%) $444,365 (13.2%) 0.84 1,298
2022-12-01 $365,000 (21.7%) $471,309 (18.1%) 0.90 1,104
2023-01-01 $357,450 (17.8%) $468,259 (14.7%) 0.89 971
2023-02-01 $361,950 (21.7%) $467,010 (15.4%) 0.87 864
2023-03-01 $375,000 (22.6%) $470,556 (14.2%) 0.88 797
2023-04-01 $379,900 (16.9%) $490,464 (12.3%) 0.88 822
2023-05-01 $385,000 (10.0%) $497,539 (13.3%) 0.87 879
2023-06-01 $377,450 (6.9%) $487,932 (9.3%) 0.85 959
2023-07-01 $375,000 (7.1%) $491,214 (13.3%) 0.85 959
2023-08-01 $379,900 (7.2%) $483,217 (9.8%) 0.87 1,005
2023-09-01 $379,250 (6.6%) $481,338 (10.1%) 0.88 1,005
2023-10-01 $370,450 (5.8%) $477,050 (8.2%) 0.87 1,051
2023-11-01 $365,000 (4.0%) $483,381 (8.8%) 0.87 1,050
2023-12-01 $369,450 (1.2%) $491,303 (4.2%) 0.90 998
Allentown's median listing price for 2023-12-01 was $369,450, a difference of $4,450 (1.2%) versus the prior year and $4,450 versus the prior month.

Allentown's median listing price comes in at 90% of the national average.

Allentown's average listing price for 2023-12-01 was $491,303, a difference of $19,994 (4.2%) versus the prior year and $7,922 versus the prior month.

For the 2023-12-01 period, Allentown had 998 MLS listings, a difference of -52 listings (-5%) versus the prior month and -106 listings (-10%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Allentown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 84 days 1,824 sqft
2018-02-01 80 days 1,840 sqft
2018-03-01 60 days 1,888 sqft
2018-04-01 54 days 1,900 sqft
2018-05-01 44 days 1,895 sqft
2018-06-01 47 days 1,905 sqft
2018-07-01 52 days 1,897 sqft
2018-08-01 54 days 1,868 sqft
2018-09-01 60 days 1,843 sqft
2018-10-01 65 days 1,833 sqft
2018-11-01 70 days 1,830 sqft
2018-12-01 75 days 1,824 sqft
2019-01-01 82 days 1,810 sqft
2019-02-01 78 days 1,814 sqft
2019-03-01 65 days 1,838 sqft
2019-04-01 53 days 1,886 sqft
2019-05-01 50 days 1,957 sqft
2019-06-01 54 days 1,984 sqft
2019-07-01 59 days 1,987 sqft
2019-08-01 59 days 1,945 sqft
2019-09-01 61 days 1,929 sqft
2019-10-01 63 days 1,932 sqft
2019-11-01 61 days 1,929 sqft
2019-12-01 74 days 1,910 sqft
2020-01-01 81 days 1,902 sqft
2020-02-01 71 days 1,883 sqft
2020-03-01 47 days 1,923 sqft
2020-04-01 62 days 1,937 sqft
2020-05-01 73 days 1,921 sqft
2020-06-01 35 days 1,904 sqft
2020-07-01 31 days 1,884 sqft
2020-08-01 30 days 1,866 sqft
2020-09-01 32 days 1,893 sqft
2020-10-01 31 days 1,844 sqft
2020-11-01 38 days 1,814 sqft
2020-12-01 47 days 1,814 sqft
2021-01-01 57 days 1,820 sqft
2021-02-01 47 days 1,916 sqft
2021-03-01 25 days 1,926 sqft
2021-04-01 22 days 1,936 sqft
2021-05-01 20 days 1,983 sqft
2021-06-01 20 days 1,988 sqft
2021-07-01 24 days 1,927 sqft
2021-08-01 30 days 1,921 sqft
2021-09-01 36 days 1,924 sqft
2021-10-01 37 days 1,896 sqft
2021-11-01 38 days 1,880 sqft
2021-12-01 49 days 1,880 sqft
2022-01-01 47 days 1,920 sqft
2022-02-01 27 days 1,868 sqft
2022-03-01 18 days 1,924 sqft
2022-04-01 16 days 1,978 sqft
2022-05-01 16 days 2,033 sqft
2022-06-01 20 days 2,062 sqft
2022-07-01 26 days 2,016 sqft
2022-08-01 35 days 2,005 sqft
2022-09-01 42 days 2,014 sqft
2022-10-01 39 days 1,986 sqft
2022-11-01 45 days 1,980 sqft
2022-12-01 59 days 2,012 sqft
2023-01-01 60 days 1,981 sqft
2023-02-01 43 days 1,968 sqft
2023-03-01 37 days 1,973 sqft
2023-04-01 31 days 2,000 sqft
2023-05-01 25 days 2,000 sqft
2023-06-01 29 days 1,975 sqft
2023-07-01 30 days 2,005 sqft
2023-08-01 32 days 2,011 sqft
2023-09-01 34 days 1,966 sqft
2023-10-01 36 days 1,945 sqft
2023-11-01 39 days 1,934 sqft
2023-12-01 50 days 1,945 sqft
Allentown's median listing age (time on market) for 2023-12-01 was 50 days. This is -16% shorter than the same period one year ago.

Allentown's median square footage for active listings during the 2023-12-01 period was 1,945 sqft. One year prior, the average listing was 2,012 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).