Allentown USDA Loan Rates, Closing Costs & Stats

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ

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    • 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.