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 -0.25% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

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

    The average rate for the prior week (2023-11-17) was 6.84% and one month ago for the week of 2023-10-20, the average rate was 7.26%.

    The average rate one year ago was 6.1%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.57%.

    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%) $292,367 (5.8%) 0.78 2,956
    2018-06-01 $234,900 (6.6%) $295,084 (4.8%) 0.78 3,113
    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 $214,924 (2.4%) $277,381 (0.1%) 0.74 2,836
    2019-02-01 $219,900 (2.6%) $282,342 (0.5%) 0.74 2,760
    2019-03-01 $215,614 (-4.2%) $275,263 (-3.8%) 0.71 2,956
    2019-04-01 $210,664 (-8.4%) $269,484 (-6.6%) 0.67 3,277
    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 $218,564 (-4.9%) $269,805 (-6.3%) 0.69 3,508
    2019-09-01 $216,559 (-3.8%) $271,611 (-4.6%) 0.69 3,460
    2019-10-01 $215,223 (-4.3%) $273,933 (-3.7%) 0.69 3,392
    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 (18.2%) $309,303 (12.4%) 0.80 1,915
    2020-04-01 $258,900 (22.9%) $315,672 (17.1%) 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 (24.8%) $339,652 (25.9%) 0.78 1,486
    2020-09-01 $278,175 (28.5%) $352,680 (29.9%) 0.80 1,448
    2020-10-01 $269,900 (25.4%) $351,675 (28.4%) 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 $294,950 (22.0%) $395,986 (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 $299,888 (15.4%) $399,161 (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%) $394,943 (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%) $413,621 (5.3%) 0.77 715
    2022-04-01 $328,940 (13.3%) $438,755 (12.6%) 0.78 766
    2022-05-01 $349,900 (16.7%) $440,394 (10.3%) 0.80 991
    2022-06-01 $353,225 (17.8%) $446,688 (10.9%) 0.79 1,156
    2022-07-01 $350,000 (17.1%) $433,956 (9.0%) 0.79 1,343
    2022-08-01 $354,815 (18.6%) $440,420 (11.5%) 0.82 1,321
    2022-09-01 $355,860 (18.7%) $438,076 (11.3%) 0.83 1,270
    2022-10-01 $350,000 (17.1%) $441,634 (13.6%) 0.82 1,319
    2022-11-01 $351,033 (17.1%) $444,365 (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%) $468,259 (14.2%) 0.89 971
    2023-02-01 $361,950 (21.7%) $467,010 (14.9%) 0.87 864
    2023-03-01 $375,000 (21.3%) $470,556 (13.8%) 0.88 797
    2023-04-01 $379,000 (15.2%) $484,621 (10.5%) 0.88 817
    2023-05-01 $384,250 (9.8%) $493,253 (12.0%) 0.87 868
    2023-06-01 $377,450 (6.9%) $484,837 (8.5%) 0.85 949
    2023-07-01 $375,000 (7.1%) $486,265 (12.1%) 0.85 958
    2023-08-01 $379,900 (7.1%) $483,217 (9.7%) 0.87 1,005
    2023-09-01 $379,250 (6.6%) $481,338 (9.9%) 0.88 1,005
    2023-10-01 $370,450 (5.8%) $477,050 (8.0%) 0.87 1,051
    Allentown's median listing price for 2023-10-01 was $370,450, a difference of $20,450 (5.8%) versus the prior year and $-8,800 versus the prior month.

    Allentown's median listing price comes in at 87% of the national average.

    Allentown's average listing price for 2023-10-01 was $477,050, a difference of $35,416 (8.0%) versus the prior year and $-4,288 versus the prior month.

    For the 2023-10-01 period, Allentown had 1,051 MLS listings, a difference of 46 listings (5%) versus the prior month and -268 listings (-20%) 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 1,827 sqft
    2018-02-01 80 days 1,841 sqft
    2018-03-01 60 days 1,888 sqft
    2018-04-01 54 days 1,900 sqft
    2018-05-01 44 days 1,894 sqft
    2018-06-01 47 days 1,905 sqft
    2018-07-01 52 days 1,897 sqft
    2018-08-01 54 days 1,870 sqft
    2018-09-01 59 days 1,847 sqft
    2018-10-01 65 days 1,840 sqft
    2018-11-01 70 days 1,837 sqft
    2018-12-01 75 days 1,837 sqft
    2019-01-01 82 days 1,815 sqft
    2019-02-01 78 days 1,825 sqft
    2019-03-01 65 days 1,846 sqft
    2019-04-01 53 days 1,891 sqft
    2019-05-01 49 days 1,961 sqft
    2019-06-01 54 days 1,984 sqft
    2019-07-01 59 days 1,987 sqft
    2019-08-01 59 days 1,944 sqft
    2019-09-01 61 days 1,927 sqft
    2019-10-01 63 days 1,926 sqft
    2019-11-01 61 days 1,921 sqft
    2019-12-01 74 days 1,903 sqft
    2020-01-01 81 days 1,896 sqft
    2020-02-01 71 days 1,872 sqft
    2020-03-01 47 days 1,921 sqft
    2020-04-01 62 days 1,939 sqft
    2020-05-01 73 days 1,925 sqft
    2020-06-01 35 days 1,910 sqft
    2020-07-01 31 days 1,894 sqft
    2020-08-01 30 days 1,877 sqft
    2020-09-01 32 days 1,904 sqft
    2020-10-01 31 days 1,855 sqft
    2020-11-01 38 days 1,816 sqft
    2020-12-01 47 days 1,816 sqft
    2021-01-01 57 days 1,820 sqft
    2021-02-01 47 days 1,916 sqft
    2021-03-01 25 days 1,928 sqft
    2021-04-01 22 days 1,938 sqft
    2021-05-01 20 days 1,992 sqft
    2021-06-01 20 days 1,997 sqft
    2021-07-01 24 days 1,939 sqft
    2021-08-01 30 days 1,930 sqft
    2021-09-01 36 days 1,932 sqft
    2021-10-01 37 days 1,907 sqft
    2021-11-01 38 days 1,885 sqft
    2021-12-01 49 days 1,887 sqft
    2022-01-01 48 days 1,920 sqft
    2022-02-01 27 days 1,868 sqft
    2022-03-01 19 days 1,927 sqft
    2022-04-01 16 days 2,006 sqft
    2022-05-01 16 days 2,045 sqft
    2022-06-01 20 days 2,065 sqft
    2022-07-01 26 days 2,023 sqft
    2022-08-01 35 days 2,013 sqft
    2022-09-01 42 days 2,018 sqft
    2022-10-01 39 days 1,986 sqft
    2022-11-01 45 days 1,979 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 1,975 sqft
    2023-04-01 31 days 2,000 sqft
    2023-05-01 25 days 2,000 sqft
    2023-06-01 29 days 1,981 sqft
    2023-07-01 30 days 2,007 sqft
    2023-08-01 32 days 2,012 sqft
    2023-09-01 34 days 1,971 sqft
    2023-10-01 36 days 1,946 sqft
    Allentown's median listing age (time on market) for 2023-10-01 was 36 days. This is -8% shorter than the same period one year ago.

    Allentown's median square footage for active listings during the 2023-10-01 period was 1,946 sqft. One year prior, the average listing was 1,986 sqft.