Allentown VA Loan Rates, Closing Costs & Stats

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ

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    • 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.