Allentown VA Loans

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Allentown's 127 lenders originated 1,698 VA loans during 2021. The total origination value was $440,920,000, with an average VA loan value of $259,670.

Allentown VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Allentown averaged 5.44% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

The average rate for the prior week (2022-05-13) was 5.35% and one month ago for the week of 2022-04-15, the average rate was 5.21%.

The average rate one year ago was 3.1%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.31%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Allentown VA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for VA 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 Research Center, LLC 180 2.84% $7,131
QUICKEN LOANS, LLC 157 2.48% $4,917
FREEDOM MORTGAGE CORPORATION 107 2.53% $3,771
CALIBER HOME LOANS, INC. 66 2.55% $7,155
PENNYMAC LOAN SERVICES, LLC 63 2.35% $6,073
NEW DAY FINANCIAL, LLC 52 2.79% $11,185
NAVY FEDERAL CREDIT UNION 47 2.52% $7,228
VILLAGE CAPITAL & INVESTMENT LLC 42 2.39% $4,168
CROSSCOUNTRY MORTGAGE, LLC 38 2.97% $8,965
USAA Federal Savings Bank 28 2.83% $4,412
UNITED WHOLESALE MORTGAGE, LLC 27 2.51% $7,790
Mr. Cooper ( Nationstar Mortgage ) 26 2.80% $4,768
Prosperity Home Mortgage, LLC 24 2.77% $8,853
Wells Fargo Bank 24 2.51% $5,547
LAKEVIEW LOAN SERVICING, LLC 23 2.53% $3,966
LOANDEPOT.COM, LLC 23 2.60% $5,993
Atlantic Home Loans, Inc. 21 3.17% $7,447
MOVEMENT MORTGAGE, LLC 20 2.78% $7,786
The Federal Savings Bank 20 2.54% $8,865
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 20 3.07% $7,724
Mortgage America, Inc. 19 2.82% $7,105
CLEARPATH LENDING 19 2.30% $5,358
FINANCE OF AMERICA MORTGAGE LLC 19 3.07% $11,129
HOME POINT FINANCIAL CORPORATION 17 2.52% $4,641
AMERICAN FINANCIAL NETWORK, INC. 17 2.79% $9,573
NEWREZ LLC 15 2.78% $6,407
Carrington Mortgage Services, LLC 14 2.91% $6,305
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 3.11% $7,877
Barrington Bank & Trust Company, N.A. 10 2.65% $7,096
North American Savings Bank, F.S.B. 9 2.29% $7,673
PENTAGON FEDERAL CREDIT UNION 9 2.32% $2,129
GUARANTEED RATE, INC. 8 2.88% $6,292
Low VA Rates, LLC 8 2.36% $4,289
PLANET HOME LENDING, LLC 7 2.55% $1,907
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 7 2.79% $10,615
ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 2.95% $8,432
ACCELERATE MORTGAGE, LLC 7 2.18% $5,950
SUN WEST MORTGAGE COMPANY, INC. 6 2.29% $7,123
CHURCHILL MORTGAGE CORPORATION 6 2.81% $4,113
Citizens Bank 6 2.92% $7,670
MORTGAGE ACCESS CORP. 6 3.17% $7,856
NBKC BANK 6 2.75% $4,182
InterContinental Capital Group, Inc 5 2.40% $4,320
CONTOUR MORTGAGE CORPORATION 5 2.43% $9,088
EMBRACE HOME LOANS, INC. 5 2.79% $7,440
ABSOLUTE HOME MORTGAGE CORPORATION 5 3.05% $6,130
Mid-Continent Funding, Inc. 5 2.93% $5,091
First Guaranty Mortgage Corporation 5 2.80% $4,947
AMERISAVE MORTGAGE CORPORATION 5 2.73% $6,447
BROKER SOLUTIONS, INC. 5 2.40% $7,460
Flagstar Bank, FSB 5 2.93% $5,317
FAMILY FIRST FUNDING LLC 5 2.80% $7,862
Magnolia Bank 5 2.38% $6,619
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 2.40% $8,481
ALLIED MORTGAGE GROUP, INC. 5 3.00% $12,396
UNITED MORTGAGE CORP. 4 2.81% $9,461
NVR Mortgage Finance, Inc. 4 2.56% $7,635
RELIANCE FIRST CAPITAL, LLC 4 2.31% $14,172
Paramount Residential Mortgage Group, Inc. 4 2.88% $10,640
NP, Inc. 3 2.25% $5,231
GREENTREE MORTGAGE COMPANY, L.P. 3 2.92% $6,190
ENVOY MORTGAGE, LTD 3 3.54% $7,986
First Federal Bank 3 4.49% $9,166
STEARNS LENDING, LLC 3 2.88% $6,846
SOVEREIGN LENDING GROUP INCORPORATED 3 2.42% $13,485
RESIDENTIAL HOME FUNDING CORP. 3 2.83% $5,232
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.21% $6,812
UNITED NORTHERN MORTGAGE BANKERS LIMITED 3 3.33% $7,475
Lakeview Community Capital, LLC 3 2.38% $4,528
SOUTHERN TRUST MORTGAGE, LLC 2 2.81% $22,785
First Federal Bank of Kansas City 2 2.25% $4,813
Gateway First Bank 2 2.50% $5,393
HOMESTEAD FUNDING CORP. 2 2.31% $2,025
KS StateBank 2 2.25% $2,793
LENDING 3, INC. 2 2.31% $4,836
Meridian Bank Corporation 2 2.56% $7,019
MLB RESIDENTIAL LENDING, LLC 2 3.38% $15,423
EVERETT FINANCIAL, INC. 2 3.44% $2,523
Plains Commerce Bank 2 2.94% $8,776
BAYSHORE MORTGAGE FUNDING, LLC 2 2.38% $1,804
PNC Bank 2 3.13% $10,598
First Home Bank 2 2.56% $11,626
SUCCESS MORTGAGE PARTNERS, INC. 2 3.00% $8,328
T2 FINANCIAL LLC 2 3.13% $9,396
The Huntington National Bank 2 2.75% $7,886
UNION HOME MORTGAGE CORP. 2 2.75% $4,461
Univest Bank and Trust Co. 2 2.88% $5,787
Valley National Bank 2 2.25% $6,813
Victorian Finance, LLC 2 2.88% $4,950
FIRST HERITAGE FINANCIAL, LLC 2 2.63% $9,167
LENDUS, LLC 1 3.13% $10,388
Fifth Third Bank 1 2.63% $3,698
BNC National Bank 1 2.25% $6,628
First Internet Bank of Indiana 1 2.25% $13,751
TOP FLITE FINANCIAL, INC. 1 3.25% $15,525
AMERICAN FINANCING CORPORATION 1 2.25% $3,794
POLARIS HOME FUNDING CORP. 1 2.63% $4,299
Presidential Bank, FSB 1 2.50% $4,829
KeyBank 1 2.75% $20,037
Bank of England 1 2.75% $11,490
JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 1 3.75% $4,678
Hometown Lenders, Inc. 1 3.75% $12,773
RESIDENTIAL BANCORP. 1 2.63% $4,785
HOMESPIRE MORTGAGE CORPORATION 1 3.50% $5,344
RESIDENTIAL MORTGAGE SERVICES, INC. 1 2.75% $10,996
ROYAL UNITED MORTGAGE LLC 1 2.50% $15,463
GENEVA FINANCIAL, LLC 1 3.50% $2,867
HOMESIDE FINANCIAL, LLC 1 2.38% $9,551
FirstBank 1 2.25% $5,429
Stifel Bank and Trust 1 2.50% $2,675
Fulton Bank 1 2.63% $4,671
GUARANTEED RATE AFFINITY, LLC 1 2.75% $10,318
AMERICAN INTERNET MORTGAGE, INC. 1 2.38% $10,708
TBI MORTGAGE COMPANY 1 2.75% $4,490
AmeriHome Mortgage Company, LLC 1 2.38% $5,854
EMM LOANS LLC 1 3.13% $9,869
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.62% $11,435
Nations Lending Corporation 1 2.88% $10,595
DHI MORTGAGE COMPANY, LTD. 1 2.88% $11,615
Advisors Mortgage Group, L.L.C. 1 2.88% $10,468
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $0
CMG MORTGAGE, INC. 1 2.25% $5,533
NJ LENDERS CORP. 1 2.63% $4,341
Capital Bank 1 2.38% $12,260
Evolve Bank & Trust 1 2.50% $3,494
LIBERTY HOME MORTGAGE CORPORATION 1 2.25% $8,620
Paramount Bank 1 2.88% $15,766

The top Allentown VA lender as defined by loan originations is Mortgage Research Center, LLC, with 180 VA loans originated. Their average total fees are $7,131, which is $2,214 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Allentown VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($3,771), LAKEVIEW LOAN SERVICING, LLC ($3,966), VILLAGE CAPITAL & INVESTMENT LLC ($4,168), USAA Federal Savings Bank ($4,412) and HOME POINT FINANCIAL CORPORATION ($4,641).

The lowest rate Allentown VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.30%), PENNYMAC LOAN SERVICES, LLC (2.35%), VILLAGE CAPITAL & INVESTMENT LLC (2.39%), QUICKEN LOANS, LLC (2.48%) and Wells Fargo Bank (2.51%).


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.

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.