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 17 lenders originated 32 USDA loans during 2023. The total origination value was $6,430,000, with an average USDA loan value of $200,938.
Allentown USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Allentown
averaged
7.04%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Allentown's average USDA mortgage closing costs are $5,713.
The average rate for the prior week (2024-04-12) was
6.99% and
one month ago for the week of 2024-03-15, the
average rate was 6.67%.
The average rate one year ago was 6.61%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.81%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage America, Inc. | 5 | 6.68% | $7,180 |
| CROSSCOUNTRY MORTGAGE, LLC | 4 | 6.84% | $7,710 |
| UNITED WHOLESALE MORTGAGE, LLC | 3 | 6.65% | $8,291 |
| T2 FINANCIAL LLC | 3 | 6.38% | $8,622 |
| ABSOLUTE HOME MORTGAGE CORPORATION | 2 | 6.19% | $9,124 |
| Equity Prime Mortgage LLC | 2 | 7.44% | $5,980 |
| PLAZA HOME MORTGAGE, INC. | 2 | 6.37% | $9,337 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.75% | $6,096 |
| GUARANTEED RATE AFFINITY, LLC | 1 | 6.75% | $7,167 |
| Citizens Bank | 1 | 6.75% | $8,701 |
| NJ LENDERS CORP. | 1 | 6.13% | $8,965 |
| Paramount Residential Mortgage Group, Inc. | 1 | 6.63% | $9,485 |
| Plains Commerce Bank | 1 | 6.50% | $9,508 |
| AMERICAN FINANCIAL NETWORK, INC. | 1 | 7.13% | $10,351 |
| Century Mortgage Company DBA Century Lending Company | 1 | 5.99% | $10,819 |
| CMG MORTGAGE, INC. | 1 | 6.13% | $6,070 |
| The Huntington National Bank | 1 | 6.00% | $6,678 |
The top Allentown USDA lender as defined by loan originations is Mortgage America, Inc., with
5 USDA loans originated. Their average total fees are
$7,180, which is $530
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%) | $277,520 (9.6%) | 0.78 | 2,748 |
| 2018-02-01 | $214,350 (8.8%) | $281,165 (10.1%) | 0.78 | 2,659 |
| 2018-03-01 | $225,000 (10.6%) | $286,425 (8.8%) | 0.79 | 2,646 |
| 2018-04-01 | $229,900 (6.9%) | $288,560 (7.1%) | 0.78 | 2,735 |
| 2018-05-01 | $234,900 (7.0%) | $292,661 (5.9%) | 0.78 | 2,956 |
| 2018-06-01 | $234,900 (6.6%) | $295,401 (4.9%) | 0.78 | 3,112 |
| 2018-07-01 | $234,125 (6.4%) | $292,661 (4.0%) | 0.78 | 3,272 |
| 2018-08-01 | $229,900 (4.6%) | $287,985 (2.6%) | 0.77 | 3,404 |
| 2018-09-01 | $225,000 (1.4%) | $284,677 (0.5%) | 0.76 | 3,551 |
| 2018-10-01 | $224,900 (1.2%) | $284,409 (-0.6%) | 0.76 | 3,530 |
| 2018-11-01 | $219,900 (0.0%) | $283,831 (0.0%) | 0.75 | 3,362 |
| 2018-12-01 | $219,000 (-0.4%) | $282,013 (0.3%) | 0.76 | 3,061 |
| 2019-01-01 | $214,900 (2.4%) | $277,063 (-0.2%) | 0.74 | 2,837 |
| 2019-02-01 | $219,900 (2.6%) | $282,059 (0.3%) | 0.74 | 2,759 |
| 2019-03-01 | $215,614 (-4.2%) | $275,046 (-4.0%) | 0.71 | 2,955 |
| 2019-04-01 | $210,664 (-8.4%) | $269,347 (-6.7%) | 0.67 | 3,274 |
| 2019-05-01 | $215,950 (-8.1%) | $272,027 (-7.1%) | 0.67 | 3,385 |
| 2019-06-01 | $219,900 (-6.4%) | $273,723 (-7.3%) | 0.69 | 3,491 |
| 2019-07-01 | $224,200 (-4.2%) | $271,413 (-7.3%) | 0.70 | 3,519 |
| 2019-08-01 | $218,564 (-4.9%) | $269,623 (-6.4%) | 0.69 | 3,510 |
| 2019-09-01 | $216,559 (-3.8%) | $271,663 (-4.6%) | 0.69 | 3,465 |
| 2019-10-01 | $215,223 (-4.3%) | $274,145 (-3.6%) | 0.69 | 3,401 |
| 2019-11-01 | $235,000 (6.9%) | $295,575 (4.1%) | 0.77 | 2,624 |
| 2019-12-01 | $232,225 (6.0%) | $299,037 (6.0%) | 0.77 | 2,357 |
| 2020-01-01 | $234,125 (9.0%) | $299,708 (8.2%) | 0.78 | 2,088 |
| 2020-02-01 | $243,900 (10.9%) | $305,950 (8.5%) | 0.80 | 1,915 |
| 2020-03-01 | $254,950 (18.2%) | $310,425 (12.9%) | 0.80 | 1,917 |
| 2020-04-01 | $259,175 (23.0%) | $317,034 (17.7%) | 0.81 | 1,709 |
| 2020-05-01 | $259,900 (20.4%) | $317,078 (16.6%) | 0.79 | 1,673 |
| 2020-06-01 | $259,950 (18.2%) | $320,906 (17.2%) | 0.77 | 1,689 |
| 2020-07-01 | $269,700 (20.3%) | $331,141 (22.0%) | 0.78 | 1,522 |
| 2020-08-01 | $272,700 (24.8%) | $340,683 (26.4%) | 0.78 | 1,486 |
| 2020-09-01 | $277,450 (28.1%) | $353,416 (30.1%) | 0.80 | 1,449 |
| 2020-10-01 | $269,900 (25.4%) | $352,771 (28.7%) | 0.77 | 1,497 |
| 2020-11-01 | $270,200 (15.0%) | $362,036 (22.5%) | 0.79 | 1,357 |
| 2020-12-01 | $274,950 (18.4%) | $367,300 (22.8%) | 0.82 | 1,206 |
| 2021-01-01 | $279,000 (19.2%) | $382,820 (27.7%) | 0.83 | 998 |
| 2021-02-01 | $294,925 (20.9%) | $395,810 (29.4%) | 0.86 | 874 |
| 2021-03-01 | $289,675 (13.6%) | $392,589 (26.5%) | 0.82 | 909 |
| 2021-04-01 | $290,175 (12.0%) | $389,462 (22.9%) | 0.79 | 1,013 |
| 2021-05-01 | $299,500 (15.2%) | $397,786 (25.5%) | 0.80 | 1,079 |
| 2021-06-01 | $299,900 (15.4%) | $402,094 (25.3%) | 0.79 | 1,215 |
| 2021-07-01 | $299,000 (10.9%) | $397,502 (20.0%) | 0.79 | 1,375 |
| 2021-08-01 | $299,175 (9.7%) | $394,370 (15.8%) | 0.80 | 1,381 |
| 2021-09-01 | $299,600 (8.0%) | $392,757 (11.1%) | 0.80 | 1,364 |
| 2021-10-01 | $299,000 (10.8%) | $388,364 (10.1%) | 0.80 | 1,320 |
| 2021-11-01 | $299,900 (11.0%) | $392,612 (8.5%) | 0.80 | 1,150 |
| 2021-12-01 | $299,900 (9.1%) | $399,077 (8.7%) | 0.81 | 934 |
| 2022-01-01 | $303,450 (8.8%) | $408,336 (6.7%) | 0.82 | 765 |
| 2022-02-01 | $297,450 (0.9%) | $404,566 (2.2%) | 0.77 | 718 |
| 2022-03-01 | $306,000 (5.6%) | $411,959 (4.9%) | 0.77 | 713 |
| 2022-04-01 | $325,000 (12.0%) | $436,835 (12.2%) | 0.77 | 766 |
| 2022-05-01 | $349,900 (16.8%) | $439,250 (10.4%) | 0.80 | 991 |
| 2022-06-01 | $353,225 (17.8%) | $446,289 (11.0%) | 0.79 | 1,155 |
| 2022-07-01 | $350,000 (17.1%) | $433,679 (9.1%) | 0.79 | 1,343 |
| 2022-08-01 | $354,533 (18.5%) | $439,956 (11.6%) | 0.82 | 1,321 |
| 2022-09-01 | $355,820 (18.8%) | $437,065 (11.3%) | 0.83 | 1,271 |
| 2022-10-01 | $350,000 (17.1%) | $441,035 (13.6%) | 0.82 | 1,320 |
| 2022-11-01 | $351,033 (17.1%) | $444,365 (13.2%) | 0.84 | 1,298 |
| 2022-12-01 | $365,000 (21.7%) | $471,309 (18.1%) | 0.90 | 1,104 |
| 2023-01-01 | $357,450 (17.8%) | $468,259 (14.7%) | 0.89 | 971 |
| 2023-02-01 | $361,950 (21.7%) | $467,010 (15.4%) | 0.87 | 864 |
| 2023-03-01 | $375,000 (22.6%) | $470,556 (14.2%) | 0.88 | 797 |
| 2023-04-01 | $379,900 (16.9%) | $490,464 (12.3%) | 0.88 | 822 |
| 2023-05-01 | $385,000 (10.0%) | $497,539 (13.3%) | 0.87 | 879 |
| 2023-06-01 | $377,450 (6.9%) | $487,932 (9.3%) | 0.85 | 959 |
| 2023-07-01 | $375,000 (7.1%) | $491,214 (13.3%) | 0.85 | 959 |
| 2023-08-01 | $379,900 (7.2%) | $483,217 (9.8%) | 0.87 | 1,005 |
| 2023-09-01 | $379,250 (6.6%) | $481,338 (10.1%) | 0.88 | 1,005 |
| 2023-10-01 | $370,450 (5.8%) | $477,050 (8.2%) | 0.87 | 1,051 |
| 2023-11-01 | $365,000 (4.0%) | $483,381 (8.8%) | 0.87 | 1,050 |
| 2023-12-01 | $369,450 (1.2%) | $491,303 (4.2%) | 0.90 | 998 |
| 2024-01-01 | $369,575 (3.4%) | $490,959 (4.9%) | 0.90 | 871 |
| 2024-02-01 | $369,800 (2.2%) | $483,392 (3.5%) | 0.89 | 893 |
| 2024-03-01 | $389,000 (3.7%) | $499,709 (6.2%) | 0.92 | 888 |
Allentown's median listing price comes in at 92% of the national average.
Allentown's average listing price for 2024-03-01 was $499,709, a difference of $29,153 (6.2%) versus the prior year and $16,317 versus the prior month.
For the 2024-03-01 period, Allentown had 888 MLS listings, a difference of -5 listings (-1%) versus the prior month and 91 listings (11%) 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 | 1,824 sqft |
| 2018-02-01 | 80 days | 1,839 sqft |
| 2018-03-01 | 60 days | 1,888 sqft |
| 2018-04-01 | 54 days | 1,899 sqft |
| 2018-05-01 | 44 days | 1,895 sqft |
| 2018-06-01 | 47 days | 1,905 sqft |
| 2018-07-01 | 52 days | 1,898 sqft |
| 2018-08-01 | 54 days | 1,869 sqft |
| 2018-09-01 | 60 days | 1,843 sqft |
| 2018-10-01 | 65 days | 1,833 sqft |
| 2018-11-01 | 70 days | 1,831 sqft |
| 2018-12-01 | 75 days | 1,824 sqft |
| 2019-01-01 | 82 days | 1,810 sqft |
| 2019-02-01 | 78 days | 1,814 sqft |
| 2019-03-01 | 65 days | 1,838 sqft |
| 2019-04-01 | 53 days | 1,886 sqft |
| 2019-05-01 | 50 days | 1,957 sqft |
| 2019-06-01 | 54 days | 1,983 sqft |
| 2019-07-01 | 59 days | 1,987 sqft |
| 2019-08-01 | 59 days | 1,945 sqft |
| 2019-09-01 | 61 days | 1,929 sqft |
| 2019-10-01 | 63 days | 1,932 sqft |
| 2019-11-01 | 61 days | 1,929 sqft |
| 2019-12-01 | 74 days | 1,910 sqft |
| 2020-01-01 | 81 days | 1,902 sqft |
| 2020-02-01 | 71 days | 1,883 sqft |
| 2020-03-01 | 47 days | 1,923 sqft |
| 2020-04-01 | 62 days | 1,937 sqft |
| 2020-05-01 | 73 days | 1,921 sqft |
| 2020-06-01 | 35 days | 1,904 sqft |
| 2020-07-01 | 31 days | 1,884 sqft |
| 2020-08-01 | 30 days | 1,866 sqft |
| 2020-09-01 | 32 days | 1,893 sqft |
| 2020-10-01 | 31 days | 1,842 sqft |
| 2020-11-01 | 38 days | 1,813 sqft |
| 2020-12-01 | 47 days | 1,814 sqft |
| 2021-01-01 | 57 days | 1,820 sqft |
| 2021-02-01 | 47 days | 1,916 sqft |
| 2021-03-01 | 25 days | 1,926 sqft |
| 2021-04-01 | 22 days | 1,936 sqft |
| 2021-05-01 | 20 days | 1,983 sqft |
| 2021-06-01 | 20 days | 1,988 sqft |
| 2021-07-01 | 24 days | 1,927 sqft |
| 2021-08-01 | 30 days | 1,921 sqft |
| 2021-09-01 | 36 days | 1,924 sqft |
| 2021-10-01 | 37 days | 1,896 sqft |
| 2021-11-01 | 38 days | 1,880 sqft |
| 2021-12-01 | 49 days | 1,880 sqft |
| 2022-01-01 | 47 days | 1,920 sqft |
| 2022-02-01 | 27 days | 1,868 sqft |
| 2022-03-01 | 18 days | 1,926 sqft |
| 2022-04-01 | 16 days | 1,978 sqft |
| 2022-05-01 | 16 days | 2,033 sqft |
| 2022-06-01 | 20 days | 2,062 sqft |
| 2022-07-01 | 26 days | 2,016 sqft |
| 2022-08-01 | 35 days | 2,006 sqft |
| 2022-09-01 | 42 days | 2,014 sqft |
| 2022-10-01 | 39 days | 1,986 sqft |
| 2022-11-01 | 45 days | 1,980 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 | 1,973 sqft |
| 2023-04-01 | 31 days | 2,000 sqft |
| 2023-05-01 | 25 days | 2,000 sqft |
| 2023-06-01 | 29 days | 1,975 sqft |
| 2023-07-01 | 30 days | 2,005 sqft |
| 2023-08-01 | 32 days | 2,011 sqft |
| 2023-09-01 | 34 days | 1,966 sqft |
| 2023-10-01 | 36 days | 1,944 sqft |
| 2023-11-01 | 39 days | 1,933 sqft |
| 2023-12-01 | 50 days | 1,945 sqft |
| 2024-01-01 | 52 days | 1,947 sqft |
| 2024-02-01 | 38 days | 1,974 sqft |
| 2024-03-01 | 37 days | 1,975 sqft |
Allentown's median square footage for active listings during the 2024-03-01 period was 1,975 sqft. One year prior, the average listing was 1,973 sqft.