Allentown VA Loan Rates, Closing Costs & Stats

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 not 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 109 lenders originated 718 VA loans during 2022. The total origination value was $221,050,000, with an average VA loan value of $307,869.

Allentown VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Allentown averaged 6.34% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

Allentown's average VA mortgage closing costs are $6,888.

The average rate for the prior week (2023-05-19) was 6.17% and one month ago for the week of 2023-04-21, the average rate was 6.29%.

The average rate one year ago was 5.06%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.42%.

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

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 116 5.08% $8,697
QUICKEN LOANS, LLC 52 3.69% $12,637
NAVY FEDERAL CREDIT UNION 32 4.18% $6,990
UNITED WHOLESALE MORTGAGE, LLC 29 4.38% $12,809
FREEDOM MORTGAGE CORPORATION 25 4.63% $14,611
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 22 5.10% $11,264
NEW DAY FINANCIAL, LLC 21 5.13% $12,202
CALIBER HOME LOANS, INC. 21 4.82% $10,192
PENNYMAC LOAN SERVICES, LLC 20 3.86% $11,152
USAA Federal Savings Bank 19 3.83% $6,965
Prosperity Home Mortgage, LLC 16 4.69% $9,713
CROSSCOUNTRY MORTGAGE, LLC 14 4.77% $11,684
LOANDEPOT.COM, LLC 14 4.12% $11,293
The Federal Savings Bank 13 4.84% $18,064
Mortgage America, Inc. 10 4.66% $11,540
FINANCE OF AMERICA MORTGAGE LLC 10 4.46% $15,143
GUARANTEED RATE, INC. 9 4.40% $7,384
LAKEVIEW LOAN SERVICING, LLC 9 3.47% $7,105
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 4.84% $9,897
Mr. Cooper ( Nationstar Mortgage ) 8 5.25% $13,491
Flagstar Bank, FSB 7 4.94% $11,572
UNION HOME MORTGAGE CORP. 7 5.30% $12,255
Barrington Bank & Trust Company, N.A. 7 4.29% $7,364
NVR Mortgage Finance, Inc. 7 4.05% $6,876
T2 FINANCIAL LLC 7 5.11% $12,107
NEWREZ LLC 7 4.37% $9,378
Northpointe Bank 5 4.45% $12,150
HOME POINT FINANCIAL CORPORATION 5 3.35% $13,352
CARDINAL FINANCIAL 5 4.30% $9,288
MORTGAGE ACCESS CORP. 4 5.09% $11,269
ABSOLUTE HOME MORTGAGE CORPORATION 4 4.47% $10,883
BROKER SOLUTIONS, INC. 4 4.28% $6,428
Wells Fargo Bank 4 3.03% $6,493
VILLAGE CAPITAL MORTGAGE 4 3.72% $9,258
AMERISAVE MORTGAGE CORPORATION 4 4.13% $16,244
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 4.94% $9,402
NBKC BANK 4 4.25% $7,501
Equity Prime Mortgage LLC 4 5.03% $9,701
Fulton Bank 3 5.21% $12,276
Carrington Mortgage Services, LLC 3 4.92% $10,143
CHURCHILL MORTGAGE CORPORATION 3 4.50% $10,725
Citizens Bank 3 4.96% $14,162
CLEARPATH LENDING 3 5.13% $19,091
EAGLE HOME MORTGAGE, LLC 3 4.83% $8,195
First Federal Bank 3 4.21% $12,282
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.37% $9,349
HOMESIDE FINANCIAL, LLC 3 4.25% $16,096
Hometown Lenders, Inc. 3 4.38% $10,992
MOVEMENT MORTGAGE, LLC 3 3.92% $9,359
PENTAGON FEDERAL CREDIT UNION 3 3.46% $5,122
ENVOY MORTGAGE, LTD 2 5.25% $17,181
North American Savings Bank, F.S.B. 2 4.63% $17,258
TBI MORTGAGE COMPANY 2 3.00% $14,764
Plains Commerce Bank 2 3.13% $7,008
PLANET HOME LENDING, LLC 2 3.94% $4,552
BOND STREET MORTGAGE, LLC 2 4.44% $19,230
PREMIA MORTGAGE, LLC 2 3.08% $2,475
DHI MORTGAGE COMPANY, LTD. 2 3.37% $11,786
EMM LOANS LLC 2 5.38% $8,687
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 5.00% $10,878
EMBRACE HOME LOANS, INC. 2 3.62% $5,936
GUARANTEED RATE AFFINITY, LLC 2 4.44% $7,487
MUTUAL OF OMAHA MORTGAGE, INC. 2 4.00% $11,808
Nations Lending Corporation 2 5.75% $17,826
GENEVA FINANCIAL, LLC 2 5.19% $5,951
SUCCESS MORTGAGE PARTNERS, INC. 2 3.13% $14,848
DRAPER AND KRAMER MORTGAGE CORP. 1 4.63% $6,461
NJ LENDERS CORP. 1 6.25% $24,788
NOVA FINANCIAL & INVESTMENT CORPORATION 1 4.13% $7,500
NP, Inc. 1 2.75% $6,708
DEVELOPER'S MORTGAGE COMPANY 1 3.75% $8,537
CONTOUR MORTGAGE CORPORATION 1 5.13% $15,417
Wyndham Capital Mortgage, Inc. 1 5.25% $12,049
Peoples Bank 1 4.99% $7,234
PHH Mortgage Corporation 1 2.88% $6,490
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.38% $10,849
Colonial Savings, F.A. 1 5.38% $17,059
CIS Financial Services, Inc. 1 2.25% $3,635
RESIDENTIAL HOME FUNDING CORP. 1 4.50% $15,041
RESIDENTIAL HOME MORTGAGE CORPORATION 1 2.88% $6,266
Strong Home Mortgage, LLC 1 2.49% $12,596
SUN WEST MORTGAGE COMPANY, INC. 1 4.38% $14,414
Century Mortgage Company DBA Century Lending Company 1 2.50% $13,262
TD Bank 1 4.50% $6,576
Texana Bank 1 4.50% $14,825
TOWNE MORTGAGE COMPANY 1 4.99% $8,169
BNC National Bank 1 3.25% $22,891
Bank of England 1 4.25% $26,246
Univest Bank and Trust Co. 1 4.75% $9,251
Armed Forces Bank 1 4.25% $9,229
GSF Mortgage Corporation 1 6.88% $26,667
Victorian Finance, LLC 1 4.25% $4,876
Waterstone Mortgage Corporation 1 5.63% $9,105
AMERICAN FINANCING CORPORATION 1 3.25% $23,419
Gateway First Bank 1 3.25% $16,449
FIRST HOME MORTGAGE CORPORATION 1 4.88% $25,270
Low VA Rates, LLC 1 4.50% $29,932
Magnolia Bank 1 4.75% $25,275
Meridian Bank Corporation 1 3.25% $20,043
Mid-Continent Funding, Inc. 1 3.88% $2,736
MILEND, INC. 1 3.63% $11,761
MLB RESIDENTIAL LENDING, LLC 1 7.13% $10,785
First Home Bank 1 5.25% $16,552
FIRST HERITAGE FINANCIAL, LLC 1 3.00% $14,410
FEDEX EMPLOYEES CREDIT ASSOCIATION 1 3.13% $9,341
Advisors Mortgage Group, L.L.C. 1 5.25% $3,571
EVERETT FINANCIAL, INC. 1 4.13% $16,880
NETWORK CAPITAL FUNDING CORPORATION 1 5.25% $23,358
NEW FED MORTGAGE, CORP. 1 3.50% $10,184

The top Allentown VA lender as defined by loan originations is Mortgage Research Center, LLC, with 116 VA loans originated. Their average total fees are $8,697, which is $3,941 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Allentown VA lenders (with over 10 loans originated) are USAA Federal Savings Bank ($6,965), NAVY FEDERAL CREDIT UNION ($6,990), Mortgage Research Center, LLC ($8,697), Prosperity Home Mortgage, LLC ($9,713) and CALIBER HOME LOANS, INC. ($10,192).

The lowest rate Allentown VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.69%), USAA Federal Savings Bank (3.83%), PENNYMAC LOAN SERVICES, LLC (3.86%), LOANDEPOT.COM, LLC (4.12%) and NAVY FEDERAL CREDIT UNION (4.18%).


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%) $277,202 (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 for 2023-04-01 was $379,000, a difference of $50,120 (15.2%) versus the prior year and $4,000 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2023-04-01 was 34 days. This is 100% longer than the same period one year ago.

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.

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.