Allentown USDA Loan Rates, Closing Costs & Stats

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Allentown's 28 lenders originated 57 USDA loans during 2022. The total origination value was $11,165,000, with an average USDA loan value of $195,877.

Allentown USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Allentown averaged 6.58% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

Allentown's average USDA mortgage closing costs are $5,610.

The average rate for the prior week (2023-05-19) was 6.12% and one month ago for the week of 2023-04-21, the average rate was 6.23%.

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 5.36%.

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

Allentown USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 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
Mortgage America, Inc. 5 4.73% $5,305
CROSSCOUNTRY MORTGAGE, LLC 5 4.75% $8,647
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 4.78% $6,062
EVERETT FINANCIAL, INC. 4 4.31% $5,325
UNION HOME MORTGAGE CORP. 4 4.53% $6,965
UNITED WHOLESALE MORTGAGE, LLC 4 5.34% $8,154
T2 FINANCIAL LLC 4 4.18% $5,528
LOANDEPOT.COM, LLC 2 5.00% $7,549
Paramount Residential Mortgage Group, Inc. 2 5.00% $8,406
CALIBER HOME LOANS, INC. 2 3.99% $7,549
NEWREZ LLC 1 6.88% $8,932
NJ LENDERS CORP. 1 3.63% $5,956
PENNYMAC LOAN SERVICES, LLC 1 3.25% $3,874
Prosperity Home Mortgage, LLC 1 6.50% $7,528
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 4.25% $6,735
TD Bank 1 4.88% $4,751
The Federal Savings Bank 1 6.25% $6,803
1st Colonial Community Bank 1 5.13% $11,952
Univest Bank and Trust Co. 1 5.25% $5,433
Bank of England 1 5.13% $14,778
BROKER SOLUTIONS, INC. 1 6.13% $3,298
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 4.25% $7,143
GENEVA FINANCIAL, LLC 1 4.13% $13,272
HOME POINT FINANCIAL CORPORATION 1 5.49% $10,606
Hometown Lenders, Inc. 1 4.99% $13,344
ITHINK FINANCIAL Credit Union 1 6.13% $4,982
JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 1 4.63% $9,980
MOVEMENT MORTGAGE, LLC 1 4.50% $7,589

The top Allentown USDA lender as defined by loan originations is Mortgage America, Inc., with 5 USDA loans originated. Their average total fees are $5,305, which is $3,342 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Allentown USDA lenders (with over 10 loans originated) are .

The lowest rate Allentown USDA lenders (with over 10 loans originated) are .


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.