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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.