Allentown FHA Loan Rates, Closing Costs & Stats

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.52% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

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

    The average rate for the prior week (2023-05-19) was 6.39% and one month ago for the week of 2023-04-21, the average rate was 6.14%.

    The average rate one year ago was 5.25%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5%.

    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%) $277,202 (9.6%) 0.78 2,737
    2018-02-01 $214,250 (8.8%) $280,899 (10.0%) 0.78 2,652
    2018-03-01 $225,000 (10.2%) $286,204 (8.7%) 0.79 2,641
    2018-04-01 $229,900 (6.9%) $288,606 (7.1%) 0.78 2,736
    2018-05-01 $234,900 (7.0%) $292,393 (5.8%) 0.78 2,955
    2018-06-01 $234,900 (6.6%) $295,137 (4.9%) 0.78 3,112
    2018-07-01 $234,000 (6.4%) $292,659 (4.1%) 0.78 3,273
    2018-08-01 $229,900 (4.6%) $288,056 (2.6%) 0.77 3,403
    2018-09-01 $225,000 (1.1%) $284,809 (0.5%) 0.76 3,550
    2018-10-01 $224,900 (1.2%) $284,577 (-0.4%) 0.76 3,529
    2018-11-01 $219,900 (0.0%) $284,009 (0.3%) 0.75 3,361
    2018-12-01 $219,000 (-0.4%) $282,314 (0.5%) 0.76 3,060
    2019-01-01 $214,900 (2.4%) $277,345 (0.1%) 0.74 2,835
    2019-02-01 $219,900 (2.6%) $282,269 (0.5%) 0.74 2,759
    2019-03-01 $199,700 (-11.2%) $265,665 (-7.2%) 0.67 3,157
    2019-04-01 $209,950 (-8.7%) $268,531 (-7.0%) 0.67 3,286
    2019-05-01 $215,400 (-8.3%) $272,128 (-6.9%) 0.67 3,387
    2019-06-01 $219,900 (-6.4%) $274,082 (-7.1%) 0.69 3,492
    2019-07-01 $223,825 (-4.4%) $271,772 (-7.1%) 0.70 3,520
    2019-08-01 $220,000 (-4.3%) $274,000 (-4.9%) 0.69 3,515
    2019-09-01 $219,950 (-2.2%) $279,199 (-2.0%) 0.69 3,124
    2019-10-01 $217,000 (-3.5%) $275,203 (-3.3%) 0.70 3,378
    2019-11-01 $235,000 (6.9%) $295,351 (4.0%) 0.77 2,619
    2019-12-01 $232,000 (5.9%) $299,163 (6.0%) 0.77 2,354
    2020-01-01 $232,000 (8.0%) $299,800 (8.1%) 0.78 2,083
    2020-02-01 $241,700 (9.9%) $304,662 (7.9%) 0.79 1,911
    2020-03-01 $254,750 (27.6%) $309,303 (16.4%) 0.80 1,915
    2020-04-01 $258,900 (23.3%) $315,672 (17.6%) 0.81 1,707
    2020-05-01 $259,900 (20.7%) $315,705 (16.0%) 0.79 1,670
    2020-06-01 $259,950 (18.2%) $319,848 (16.7%) 0.77 1,686
    2020-07-01 $269,450 (20.4%) $330,009 (21.4%) 0.78 1,518
    2020-08-01 $272,850 (24.0%) $339,652 (24.0%) 0.78 1,486
    2020-09-01 $278,175 (26.5%) $352,680 (26.3%) 0.80 1,448
    2020-10-01 $269,900 (24.4%) $351,675 (27.8%) 0.77 1,496
    2020-11-01 $270,225 (15.0%) $362,029 (22.6%) 0.79 1,359
    2020-12-01 $274,975 (18.5%) $367,369 (22.8%) 0.82 1,208
    2021-01-01 $279,000 (20.3%) $382,983 (27.8%) 0.83 999
    2021-02-01 $294,925 (22.0%) $395,982 (30.0%) 0.86 875
    2021-03-01 $289,925 (13.8%) $392,825 (27.0%) 0.82 910
    2021-04-01 $290,400 (12.2%) $389,614 (23.4%) 0.79 1,014
    2021-05-01 $299,876 (15.4%) $399,140 (26.4%) 0.80 1,078
    2021-06-01 $299,900 (15.4%) $402,830 (25.9%) 0.79 1,215
    2021-07-01 $299,000 (11.0%) $398,225 (20.7%) 0.79 1,376
    2021-08-01 $299,175 (9.7%) $394,869 (16.3%) 0.80 1,382
    2021-09-01 $299,700 (7.7%) $393,495 (11.6%) 0.80 1,364
    2021-10-01 $299,000 (10.8%) $388,932 (10.6%) 0.80 1,322
    2021-11-01 $299,900 (11.0%) $393,446 (8.7%) 0.80 1,151
    2021-12-01 $299,900 (9.1%) $400,403 (9.0%) 0.81 935
    2022-01-01 $307,500 (10.2%) $410,070 (7.1%) 0.83 766
    2022-02-01 $297,450 (0.9%) $406,293 (2.6%) 0.77 719
    2022-03-01 $309,250 (6.7%) $413,498 (5.3%) 0.77 715
    2022-04-01 $328,880 (13.3%) $438,711 (12.6%) 0.78 766
    2022-05-01 $349,900 (16.7%) $440,230 (10.3%) 0.80 991
    2022-06-01 $353,225 (17.8%) $446,688 (10.9%) 0.79 1,156
    2022-07-01 $349,900 (17.0%) $433,823 (8.9%) 0.79 1,343
    2022-08-01 $354,783 (18.6%) $440,420 (11.5%) 0.82 1,321
    2022-09-01 $355,840 (18.7%) $438,029 (11.3%) 0.83 1,270
    2022-10-01 $350,000 (17.1%) $441,686 (13.6%) 0.82 1,319
    2022-11-01 $351,033 (17.1%) $444,350 (12.9%) 0.84 1,298
    2022-12-01 $365,000 (21.7%) $471,309 (17.7%) 0.90 1,104
    2023-01-01 $357,450 (16.2%) $468,315 (14.2%) 0.88 971
    2023-02-01 $361,950 (21.7%) $467,010 (14.9%) 0.87 864
    2023-03-01 $375,000 (21.3%) $470,590 (13.8%) 0.88 797
    2023-04-01 $379,000 (15.2%) $484,621 (10.5%) 0.88 817
    Allentown's median listing price for 2023-04-01 was $379,000, a difference of $50,120 (15.2%) versus the prior year and $4,000 versus the prior month.

    Allentown's median listing price comes in at 88% of the national average.

    Allentown's average listing price for 2023-04-01 was $484,621, a difference of $45,910 (10.5%) versus the prior year and $14,031 versus the prior month.

    For the 2023-04-01 period, Allentown had 817 MLS listings, a difference of 20 listings (3%) versus the prior month and 51 listings (7%) 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 90 days 1,822 sqft
    2018-02-01 89 days 1,838 sqft
    2018-03-01 68 days 1,883 sqft
    2018-04-01 60 days 1,893 sqft
    2018-05-01 49 days 1,890 sqft
    2018-06-01 52 days 1,900 sqft
    2018-07-01 55 days 1,893 sqft
    2018-08-01 58 days 1,864 sqft
    2018-09-01 63 days 1,840 sqft
    2018-10-01 69 days 1,831 sqft
    2018-11-01 73 days 1,827 sqft
    2018-12-01 80 days 1,822 sqft
    2019-01-01 87 days 1,808 sqft
    2019-02-01 84 days 1,815 sqft
    2019-03-01 74 days 1,817 sqft
    2019-04-01 61 days 1,882 sqft
    2019-05-01 56 days 1,955 sqft
    2019-06-01 61 days 1,983 sqft
    2019-07-01 66 days 1,986 sqft
    2019-08-01 77 days 1,984 sqft
    2019-09-01 87 days 1,979 sqft
    2019-10-01 72 days 1,932 sqft
    2019-11-01 65 days 1,922 sqft
    2019-12-01 77 days 1,909 sqft
    2020-01-01 86 days 1,898 sqft
    2020-02-01 75 days 1,880 sqft
    2020-03-01 51 days 1,922 sqft
    2020-04-01 65 days 1,939 sqft
    2020-05-01 77 days 1,927 sqft
    2020-06-01 44 days 1,906 sqft
    2020-07-01 34 days 1,884 sqft
    2020-08-01 33 days 1,867 sqft
    2020-09-01 35 days 1,900 sqft
    2020-10-01 33 days 1,840 sqft
    2020-11-01 41 days 1,815 sqft
    2020-12-01 51 days 1,818 sqft
    2021-01-01 60 days 1,820 sqft
    2021-02-01 55 days 1,916 sqft
    2021-03-01 28 days 1,934 sqft
    2021-04-01 24 days 1,935 sqft
    2021-05-01 23 days 1,994 sqft
    2021-06-01 23 days 1,994 sqft
    2021-07-01 26 days 1,932 sqft
    2021-08-01 32 days 1,924 sqft
    2021-09-01 38 days 1,932 sqft
    2021-10-01 38 days 1,904 sqft
    2021-11-01 40 days 1,888 sqft
    2021-12-01 54 days 1,886 sqft
    2022-01-01 54 days 1,920 sqft
    2022-02-01 30 days 1,868 sqft
    2022-03-01 22 days 1,924 sqft
    2022-04-01 17 days 2,008 sqft
    2022-05-01 17 days 2,036 sqft
    2022-06-01 22 days 2,063 sqft
    2022-07-01 28 days 2,025 sqft
    2022-08-01 36 days 2,013 sqft
    2022-09-01 44 days 2,021 sqft
    2022-10-01 42 days 1,987 sqft
    2022-11-01 47 days 1,980 sqft
    2022-12-01 61 days 2,015 sqft
    2023-01-01 65 days 1,984 sqft
    2023-02-01 49 days 1,974 sqft
    2023-03-01 40 days 1,975 sqft
    2023-04-01 34 days 2,000 sqft
    Allentown's median listing age (time on market) for 2023-04-01 was 34 days. This is 100% longer than the same period one year ago.

    Allentown's median square footage for active listings during the 2023-04-01 period was 2,000 sqft. One year prior, the average listing was 2,008 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).