Allentown VA Loans

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.