Allentown USDA Loans

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 41 lenders originated 127 USDA loans during 2021. The total origination value was $22,235,000, with an average USDA loan value of $175,079.

Allentown USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Allentown averaged 5.19% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.57% and one month ago for the week of 2022-04-15, the average rate was 4.97%.

The average rate one year ago was 3.31%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.06%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Allentown level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage America, Inc. 17 2.82% $5,164
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 15 2.90% $5,816
PRIMELENDING, A PLAINSCAPITAL COMPANY 10 2.76% $5,947
MOVEMENT MORTGAGE, LLC 8 2.73% $6,303
CROSSCOUNTRY MORTGAGE, LLC 7 3.03% $5,882
FINANCE OF AMERICA MORTGAGE LLC 7 2.91% $7,000
CALIBER HOME LOANS, INC. 6 2.84% $7,118
Atlantic Home Loans, Inc. 5 2.93% $5,406
PENNYMAC LOAN SERVICES, LLC 4 2.94% $4,623
EMBRACE HOME LOANS, INC. 4 2.78% $6,000
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.16% $5,506
GUARANTEED RATE, INC. 3 3.00% $5,839
Bank of England 3 3.13% $6,415
EQUITY RESOURCES, INC. 2 2.63% $5,833
Prosperity Home Mortgage, LLC 2 3.00% $6,987
RESIDENTIAL MORTGAGE SERVICES, INC. 2 2.75% $4,604
ENVOY MORTGAGE, LTD 2 3.25% $6,723
HOME POINT FINANCIAL CORPORATION 2 2.81% $5,425
Univest Bank and Trust Co. 2 2.75% $4,970
ABSOLUTE HOME MORTGAGE CORPORATION 2 3.25% $8,347
SWBC MORTGAGE CORPORATION 1 3.50% $884
Victorian Finance, LLC 1 2.75% $4,571
Advisors Mortgage Group, L.L.C. 1 2.38% $6,364
BROKER SOLUTIONS, INC. 1 2.75% $7,326
Carrington Mortgage Services, LLC 1 4.75% $10,708
Century Mortgage Company DBA Century Lending Company 1 3.75% $4,284
Citizens Bank 1 2.63% $6,560
Community Bank 1 3.13% $3,605
CONTOUR MORTGAGE CORPORATION 1 3.38% $9,266
EMM LOANS LLC 1 2.75% $6,021
FAMILY FIRST FUNDING LLC 1 2.50% $10,461
First Guaranty Mortgage Corporation 1 3.13% $8,392
GENEVA FINANCIAL, LLC 1 2.75% $5,486
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.50% $7,434
HOMESIDE FINANCIAL, LLC 1 4.13% $5,063
LOANDEPOT.COM, LLC 1 3.00% $5,505
Meridian Bank Corporation 1 3.38% $4,448
NEWREZ LLC 1 2.38% $6,683
Northpointe Bank 1 2.63% $6,951
Paramount Residential Mortgage Group, Inc. 1 3.63% $8,320
STEARNS LENDING, LLC 1 2.75% $6,427

The top Allentown USDA lender as defined by loan originations is Mortgage America, Inc., with 17 USDA loans originated. Their average total fees are $5,164, which is $651 lower than the next largest lender, AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC.

The lowest fee Allentown USDA lenders (with over 10 loans originated) are Mortgage America, Inc. ($5,164), AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC ($5,816), PRIMELENDING, A PLAINSCAPITAL COMPANY ($5,947), .

The lowest rate Allentown USDA lenders (with over 10 loans originated) are PRIMELENDING, A PLAINSCAPITAL COMPANY (2.76%), Mortgage America, Inc. (2.82%), AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC (2.90%), .


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 $214,900 (13.2%) $287,075 (14.1%) 0.79 3,225
2018-02-01 $217,000 (12.7%) $290,018 (14.8%) 0.78 3,143
2018-03-01 $229,500 (13.4%) $297,542 (13.9%) 0.79 3,133
2018-04-01 $230,000 (7.0%) $297,718 (10.9%) 0.77 3,273
2018-05-01 $237,000 (7.8%) $301,458 (7.7%) 0.79 3,532
2018-06-01 $236,000 (4.9%) $304,260 (6.3%) 0.79 3,737
2018-07-01 $239,450 (6.5%) $301,140 (5.1%) 0.80 3,935
2018-08-01 $230,000 (2.3%) $296,911 (3.1%) 0.77 4,083
2018-09-01 $229,000 (1.8%) $295,598 (2.1%) 0.77 4,275
2018-10-01 $227,000 (0.0%) $296,094 (1.2%) 0.76 4,258
2018-11-01 $224,900 (0.0%) $294,917 (1.8%) 0.75 4,083
2018-12-01 $220,000 (-0.9%) $294,339 (1.5%) 0.75 3,696
2019-01-01 $219,450 (2.1%) $287,255 (0.1%) 0.76 3,432
2019-02-01 $225,000 (3.7%) $290,863 (0.3%) 0.75 3,348
2019-03-01 $222,429 (-3.1%) $287,309 (-3.4%) 0.72 3,560
2019-04-01 $219,879 (-4.4%) $285,166 (-4.2%) 0.69 3,891
2019-05-01 $222,250 (-6.2%) $286,356 (-5.0%) 0.69 4,040
2019-06-01 $225,000 (-4.7%) $287,737 (-5.4%) 0.69 4,158
2019-07-01 $229,450 (-4.2%) $286,985 (-4.7%) 0.71 4,252
2019-08-01 $225,000 (-2.2%) $286,369 (-3.6%) 0.71 4,160
2019-09-01 $225,000 (-1.8%) $289,474 (-2.1%) 0.71 4,010
2019-10-01 $224,950 (-0.9%) $293,251 (-1.0%) 0.72 4,029
2019-11-01 $244,000 (8.5%) $310,452 (5.3%) 0.79 3,215
2019-12-01 $239,450 (8.8%) $312,418 (6.1%) 0.80 2,861
2020-01-01 $239,900 (9.3%) $315,020 (9.7%) 0.80 2,504
2020-02-01 $249,900 (11.1%) $318,619 (9.5%) 0.81 2,299
2020-03-01 $263,950 (18.7%) $321,156 (11.8%) 0.82 2,317
2020-04-01 $264,950 (20.5%) $325,786 (14.2%) 0.83 2,090
2020-05-01 $265,000 (19.2%) $325,607 (13.7%) 0.80 2,042
2020-06-01 $269,450 (19.8%) $333,983 (16.1%) 0.79 2,014
2020-07-01 $279,450 (21.8%) $344,166 (19.9%) 0.80 1,811
2020-08-01 $279,900 (24.4%) $351,953 (22.9%) 0.80 1,729
2020-09-01 $284,998 (26.7%) $360,785 (24.6%) 0.81 1,687
2020-10-01 $275,000 (22.3%) $359,069 (22.4%) 0.79 1,753
2020-11-01 $278,950 (14.3%) $366,934 (18.2%) 0.80 1,590
2020-12-01 $279,450 (16.7%) $372,493 (19.2%) 0.82 1,387
2021-01-01 $285,000 (18.8%) $389,794 (23.7%) 0.84 1,149
2021-02-01 $308,945 (23.6%) $408,060 (28.1%) 0.89 994
2021-03-01 $296,950 (12.5%) $397,485 (23.8%) 0.83 1,034
2021-04-01 $299,190 (12.9%) $389,455 (19.5%) 0.80 1,152
2021-05-01 $310,000 (17.0%) $395,909 (21.6%) 0.82 1,242
2021-06-01 $299,900 (11.3%) $402,213 (20.4%) 0.78 1,409
2021-07-01 $298,450 (6.8%) $402,360 (16.9%) 0.78 1,571
2021-08-01 $299,450 (7.0%) $394,043 (12.0%) 0.79 1,592
2021-09-01 $299,900 (5.2%) $389,420 (7.9%) 0.79 1,567
2021-10-01 $299,000 (8.7%) $382,245 (6.5%) 0.79 1,525
2021-11-01 $299,900 (7.5%) $385,320 (5.0%) 0.79 1,349
2021-12-01 $299,900 (7.3%) $389,022 (4.4%) 0.80 1,093
2022-01-01 $319,900 (12.3%) $402,493 (3.3%) 0.85 894
2022-02-01 $299,450 (-3.1%) $396,254 (-2.9%) 0.76 850
2022-03-01 $315,000 (6.1%) $408,723 (2.8%) 0.78 842
2022-04-01 $329,000 (10.0%) $428,111 (9.9%) 0.77 892
Allentown's median listing price for 2022-04-01 was $329,000, a difference of $29,810 (10.0%) versus the prior year and $14,000 versus the prior month.

Allentown's median listing price comes in at 77% of the national average.

Allentown's average listing price for 2022-04-01 was $428,111, a difference of $38,656 (9.9%) versus the prior year and $19,388 versus the prior month.

For the 2022-04-01 period, Allentown had 892 MLS listings, a difference of 50 listings (6%) versus the prior month and -260 listings (-23%) 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 1,845 sqft
2018-02-01 88 days 1,865 sqft
2018-03-01 71 days 1,908 sqft
2018-04-01 60 days 1,912 sqft
2018-05-01 51 days 1,912 sqft
2018-06-01 52 days 1,920 sqft
2018-07-01 56 days 1,921 sqft
2018-08-01 59 days 1,886 sqft
2018-09-01 62 days 1,868 sqft
2018-10-01 69 days 1,851 sqft
2018-11-01 73 days 1,847 sqft
2018-12-01 80 days 1,850 sqft
2019-01-01 87 days 1,847 sqft
2019-02-01 83 days 1,848 sqft
2019-03-01 71 days 1,871 sqft
2019-04-01 59 days 1,910 sqft
2019-05-01 55 days 1,978 sqft
2019-06-01 60 days 2,000 sqft
2019-07-01 64 days 2,002 sqft
2019-08-01 65 days 1,978 sqft
2019-09-01 71 days 1,976 sqft
2019-10-01 68 days 1,987 sqft
2019-11-01 63 days 1,984 sqft
2019-12-01 75 days 1,962 sqft
2020-01-01 84 days 1,956 sqft
2020-02-01 73 days 1,941 sqft
2020-03-01 49 days 1,972 sqft
2020-04-01 63 days 1,977 sqft
2020-05-01 74 days 1,980 sqft
2020-06-01 42 days 1,956 sqft
2020-07-01 34 days 1,958 sqft
2020-08-01 33 days 1,927 sqft
2020-09-01 34 days 1,914 sqft
2020-10-01 31 days 1,892 sqft
2020-11-01 42 days 1,832 sqft
2020-12-01 51 days 1,837 sqft
2021-01-01 60 days 1,864 sqft
2021-02-01 54 days 1,961 sqft
2021-03-01 27 days 1,966 sqft
2021-04-01 24 days 1,985 sqft
2021-05-01 22 days 2,000 sqft
2021-06-01 23 days 2,009 sqft
2021-07-01 26 days 1,975 sqft
2021-08-01 31 days 1,948 sqft
2021-09-01 37 days 1,942 sqft
2021-10-01 38 days 1,920 sqft
2021-11-01 39 days 1,887 sqft
2021-12-01 49 days 1,901 sqft
2022-01-01 51 days 1,921 sqft
2022-02-01 30 days 1,874 sqft
2022-03-01 25 days 1,946 sqft
2022-04-01 18 days 2,027 sqft
Allentown's median listing age (time on market) for 2022-04-01 was 18 days. This is -23% shorter than the same period one year ago.

Allentown's median square footage for active listings during the 2022-04-01 period was 2,027 sqft. One year prior, the average listing was 1,985 sqft.