Allentown VA Loan Rates, Closing Costs & Stats

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 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 87 lenders originated 425 VA loans during 2023. The total origination value was $141,105,000, with an average VA loan value of $332,012.

    Allentown VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Allentown averaged 7.16% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Allentown's average VA mortgage closing costs are $7,192.

    The average rate for the prior week (2024-04-12) was 6.99% and one month ago for the week of 2024-03-15, the average rate was 6.55%.

    The average rate one year ago was 6.34%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.04%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 67 6.76% $9,410
    QUICKEN LOANS, LLC 31 6.01% $14,337
    UNITED WHOLESALE MORTGAGE, LLC 25 6.11% $10,777
    NAVY FEDERAL CREDIT UNION 18 5.93% $7,393
    USAA Federal Savings Bank 15 6.26% $10,105
    Prosperity Home Mortgage, LLC 12 6.32% $7,492
    Mortgage America, Inc. 12 6.47% $8,852
    CROSSCOUNTRY MORTGAGE, LLC 11 6.80% $10,122
    NEWREZ LLC 11 6.46% $14,268
    NEW DAY FINANCIAL, LLC 10 7.70% $11,304
    LOANDEPOT.COM, LLC 10 6.32% $15,428
    NVR Mortgage Finance, Inc. 9 5.24% $15,567
    Mr. Cooper ( Nationstar Mortgage ) 7 5.64% $15,740
    GUILD MORTGAGE COMPANY 7 6.45% $11,053
    UNION HOME MORTGAGE CORP. 7 6.54% $8,779
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 6.40% $9,811
    CARDINAL FINANCIAL 6 6.06% $10,560
    FREEDOM MORTGAGE CORPORATION 6 6.67% $17,881
    GUARANTEED RATE, INC. 5 6.04% $4,743
    Wells Fargo Bank 5 6.80% $7,800
    VILLAGE CAPITAL MORTGAGE 5 5.65% $19,934
    Barrington Bank & Trust Company, N.A. 5 6.35% $9,597
    MOVEMENT MORTGAGE, LLC 4 6.13% $13,903
    CALIBER HOME LOANS, INC. 4 6.00% $10,959
    CMG MORTGAGE, INC. 4 6.13% $17,279
    Equity Prime Mortgage LLC 4 6.75% $10,091
    PENNYMAC LOAN SERVICES, LLC 4 5.78% $9,921
    First Federal Bank 3 6.08% $13,197
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.50% $8,302
    PLANET HOME LENDING, LLC 3 6.42% $8,180
    Quaint Oak Mortgage, LLC 3 6.71% $10,029
    CHURCHILL MORTGAGE CORPORATION 3 6.25% $6,778
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.94% $15,798
    BROKER SOLUTIONS, INC. 2 6.56% $9,918
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.75% $15,670
    Century Mortgage Company DBA Century Lending Company 2 5.75% $8,427
    PENTAGON FEDERAL CREDIT UNION 2 5.81% $9,057
    Plains Commerce Bank 2 6.50% $10,372
    PLAZA HOME MORTGAGE, INC. 2 6.63% $7,634
    Ixonia Bank 2 7.44% $12,611
    Citizens Bank 2 6.25% $5,898
    Magnolia Bank 2 5.94% $15,232
    The Loan Store, Inc. 2 6.37% $9,946
    EAGLE HOME MORTGAGE, LLC 2 5.25% $10,317
    MORTGAGE ACCESS CORP. 2 6.00% $14,724
    MID AMERICA MORTGAGE, INC. 1 5.63% $3,729
    American Mortgage & Equity Consultants, Inc. 1 7.75% $16,127
    Bank of America 1 5.13% $21,444
    Bank of England 1 6.00% $11,674
    BAY EQUITY LLC 1 6.49% $6,060
    BOND STREET MORTGAGE, LLC 1 7.25% $6,904
    Carrington Mortgage Services, LLC 1 5.00% $22,140
    DHI MORTGAGE COMPANY, LTD. 1 5.00% $12,426
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.63% $3,926
    EMM LOANS LLC 1 6.13% $15,405
    EVERETT FINANCIAL, INC. 1 8.13% $4,719
    FIRST COLONY MORTGAGE CORPORATION 1 6.75% $4,900
    Flagstar Bank, FSB 1 7.25% $14,967
    GoPrime Mortgage, Inc. 1 7.38% $14,421
    GUARANTEED RATE AFFINITY, LLC 1 6.63% $7,910
    GUARANTY HOME MORTGAGE CORPORATION 1 6.75% $4,574
    JPMorgan Chase Bank 1 6.50% $13,186
    Keystone Funding, Inc. 1 6.25% $4,636
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $5,894
    Meridian Bank Corporation 1 6.63% $18,272
    MICHIGAN MUTUAL, INC. 1 5.50% $11,008
    ABSOLUTE HOME MORTGAGE CORPORATION 1 5.75% $10,784
    MLB RESIDENTIAL LENDING, LLC 1 7.00% $8,184
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.50% $775
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $14,390
    Nations Lending Corporation 1 7.75% $1,468
    Neighborhood Loans, Inc. 1 6.13% $11,259
    NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $13,492
    NJ LENDERS CORP. 1 5.75% $6,501
    Northeast Equitable Mortgage, LLC 1 5.50% $29,765
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.25% $6,030
    PANORAMA MORTGAGE GROUP, LLC 1 6.38% $18,345
    PARAGON HOME LOANS INC. 1 7.25% $7,455
    Paramount Bank 1 6.13% $16,150
    Paramount Residential Mortgage Group, Inc. 1 6.75% $8,937
    PNC Bank 1 6.75% $15,177
    Presidential Bank, FSB 1 7.25% $9,429
    ROYAL UNITED MORTGAGE LLC 1 5.13% $12,092
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.75% $16,150
    Strong Home Mortgage, LLC 1 5.99% $6,527
    T2 FINANCIAL LLC 1 6.75% $9,655
    The Huntington National Bank 1 6.75% $9,093

    The top Allentown VA lender as defined by loan originations is Mortgage Research Center, LLC, with 67 VA loans originated. Their average total fees are $9,410, which is $4,928 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Allentown VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($7,393), Prosperity Home Mortgage, LLC ($7,492), Mortgage America, Inc. ($8,852), Mortgage Research Center, LLC ($9,410) and USAA Federal Savings Bank ($10,105).

    The lowest rate Allentown VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.93%), QUICKEN LOANS, LLC (6.01%), UNITED WHOLESALE MORTGAGE, LLC (6.11%), USAA Federal Savings Bank (6.26%) and Prosperity Home Mortgage, LLC (6.32%).

    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%) $277,520 (9.6%) 0.78 2,748
    2018-02-01 $214,350 (8.8%) $281,165 (10.1%) 0.78 2,659
    2018-03-01 $225,000 (10.6%) $286,425 (8.8%) 0.79 2,646
    2018-04-01 $229,900 (6.9%) $288,560 (7.1%) 0.78 2,735
    2018-05-01 $234,900 (7.0%) $292,661 (5.9%) 0.78 2,956
    2018-06-01 $234,900 (6.6%) $295,401 (4.9%) 0.78 3,112
    2018-07-01 $234,125 (6.4%) $292,661 (4.0%) 0.78 3,272
    2018-08-01 $229,900 (4.6%) $287,985 (2.6%) 0.77 3,404
    2018-09-01 $225,000 (1.4%) $284,677 (0.5%) 0.76 3,551
    2018-10-01 $224,900 (1.2%) $284,409 (-0.6%) 0.76 3,530
    2018-11-01 $219,900 (0.0%) $283,831 (0.0%) 0.75 3,362
    2018-12-01 $219,000 (-0.4%) $282,013 (0.3%) 0.76 3,061
    2019-01-01 $214,900 (2.4%) $277,063 (-0.2%) 0.74 2,837
    2019-02-01 $219,900 (2.6%) $282,059 (0.3%) 0.74 2,759
    2019-03-01 $215,614 (-4.2%) $275,046 (-4.0%) 0.71 2,955
    2019-04-01 $210,664 (-8.4%) $269,347 (-6.7%) 0.67 3,274
    2019-05-01 $215,950 (-8.1%) $272,027 (-7.1%) 0.67 3,385
    2019-06-01 $219,900 (-6.4%) $273,723 (-7.3%) 0.69 3,491
    2019-07-01 $224,200 (-4.2%) $271,413 (-7.3%) 0.70 3,519
    2019-08-01 $218,564 (-4.9%) $269,623 (-6.4%) 0.69 3,510
    2019-09-01 $216,559 (-3.8%) $271,663 (-4.6%) 0.69 3,465
    2019-10-01 $215,223 (-4.3%) $274,145 (-3.6%) 0.69 3,401
    2019-11-01 $235,000 (6.9%) $295,575 (4.1%) 0.77 2,624
    2019-12-01 $232,225 (6.0%) $299,037 (6.0%) 0.77 2,357
    2020-01-01 $234,125 (9.0%) $299,708 (8.2%) 0.78 2,088
    2020-02-01 $243,900 (10.9%) $305,950 (8.5%) 0.80 1,915
    2020-03-01 $254,950 (18.2%) $310,425 (12.9%) 0.80 1,917
    2020-04-01 $259,175 (23.0%) $317,034 (17.7%) 0.81 1,709
    2020-05-01 $259,900 (20.4%) $317,078 (16.6%) 0.79 1,673
    2020-06-01 $259,950 (18.2%) $320,906 (17.2%) 0.77 1,689
    2020-07-01 $269,700 (20.3%) $331,141 (22.0%) 0.78 1,522
    2020-08-01 $272,700 (24.8%) $340,683 (26.4%) 0.78 1,486
    2020-09-01 $277,450 (28.1%) $353,416 (30.1%) 0.80 1,449
    2020-10-01 $269,900 (25.4%) $352,771 (28.7%) 0.77 1,497
    2020-11-01 $270,200 (15.0%) $362,036 (22.5%) 0.79 1,357
    2020-12-01 $274,950 (18.4%) $367,300 (22.8%) 0.82 1,206
    2021-01-01 $279,000 (19.2%) $382,820 (27.7%) 0.83 998
    2021-02-01 $294,925 (20.9%) $395,810 (29.4%) 0.86 874
    2021-03-01 $289,675 (13.6%) $392,589 (26.5%) 0.82 909
    2021-04-01 $290,175 (12.0%) $389,462 (22.9%) 0.79 1,013
    2021-05-01 $299,500 (15.2%) $397,786 (25.5%) 0.80 1,079
    2021-06-01 $299,900 (15.4%) $402,094 (25.3%) 0.79 1,215
    2021-07-01 $299,000 (10.9%) $397,502 (20.0%) 0.79 1,375
    2021-08-01 $299,175 (9.7%) $394,370 (15.8%) 0.80 1,381
    2021-09-01 $299,600 (8.0%) $392,757 (11.1%) 0.80 1,364
    2021-10-01 $299,000 (10.8%) $388,364 (10.1%) 0.80 1,320
    2021-11-01 $299,900 (11.0%) $392,612 (8.5%) 0.80 1,150
    2021-12-01 $299,900 (9.1%) $399,077 (8.7%) 0.81 934
    2022-01-01 $303,450 (8.8%) $408,336 (6.7%) 0.82 765
    2022-02-01 $297,450 (0.9%) $404,566 (2.2%) 0.77 718
    2022-03-01 $306,000 (5.6%) $411,959 (4.9%) 0.77 713
    2022-04-01 $325,000 (12.0%) $436,835 (12.2%) 0.77 766
    2022-05-01 $349,900 (16.8%) $439,250 (10.4%) 0.80 991
    2022-06-01 $353,225 (17.8%) $446,289 (11.0%) 0.79 1,155
    2022-07-01 $350,000 (17.1%) $433,679 (9.1%) 0.79 1,343
    2022-08-01 $354,533 (18.5%) $439,956 (11.6%) 0.82 1,321
    2022-09-01 $355,820 (18.8%) $437,065 (11.3%) 0.83 1,271
    2022-10-01 $350,000 (17.1%) $441,035 (13.6%) 0.82 1,320
    2022-11-01 $351,033 (17.1%) $444,365 (13.2%) 0.84 1,298
    2022-12-01 $365,000 (21.7%) $471,309 (18.1%) 0.90 1,104
    2023-01-01 $357,450 (17.8%) $468,259 (14.7%) 0.89 971
    2023-02-01 $361,950 (21.7%) $467,010 (15.4%) 0.87 864
    2023-03-01 $375,000 (22.6%) $470,556 (14.2%) 0.88 797
    2023-04-01 $379,900 (16.9%) $490,464 (12.3%) 0.88 822
    2023-05-01 $385,000 (10.0%) $497,539 (13.3%) 0.87 879
    2023-06-01 $377,450 (6.9%) $487,932 (9.3%) 0.85 959
    2023-07-01 $375,000 (7.1%) $491,214 (13.3%) 0.85 959
    2023-08-01 $379,900 (7.2%) $483,217 (9.8%) 0.87 1,005
    2023-09-01 $379,250 (6.6%) $481,338 (10.1%) 0.88 1,005
    2023-10-01 $370,450 (5.8%) $477,050 (8.2%) 0.87 1,051
    2023-11-01 $365,000 (4.0%) $483,381 (8.8%) 0.87 1,050
    2023-12-01 $369,450 (1.2%) $491,303 (4.2%) 0.90 998
    2024-01-01 $369,575 (3.4%) $490,959 (4.9%) 0.90 871
    2024-02-01 $369,800 (2.2%) $483,392 (3.5%) 0.89 893
    2024-03-01 $389,000 (3.7%) $499,709 (6.2%) 0.92 888
    Allentown's median listing price for 2024-03-01 was $389,000, a difference of $14,000 (3.7%) versus the prior year and $19,200 versus the prior month.

    Allentown's median listing price comes in at 92% of the national average.

    Allentown's average listing price for 2024-03-01 was $499,709, a difference of $29,153 (6.2%) versus the prior year and $16,317 versus the prior month.

    For the 2024-03-01 period, Allentown had 888 MLS listings, a difference of -5 listings (-1%) versus the prior month and 91 listings (11%) 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 84 days 1,824 sqft
    2018-02-01 80 days 1,839 sqft
    2018-03-01 60 days 1,888 sqft
    2018-04-01 54 days 1,899 sqft
    2018-05-01 44 days 1,895 sqft
    2018-06-01 47 days 1,905 sqft
    2018-07-01 52 days 1,898 sqft
    2018-08-01 54 days 1,869 sqft
    2018-09-01 60 days 1,843 sqft
    2018-10-01 65 days 1,833 sqft
    2018-11-01 70 days 1,831 sqft
    2018-12-01 75 days 1,824 sqft
    2019-01-01 82 days 1,810 sqft
    2019-02-01 78 days 1,814 sqft
    2019-03-01 65 days 1,838 sqft
    2019-04-01 53 days 1,886 sqft
    2019-05-01 50 days 1,957 sqft
    2019-06-01 54 days 1,983 sqft
    2019-07-01 59 days 1,987 sqft
    2019-08-01 59 days 1,945 sqft
    2019-09-01 61 days 1,929 sqft
    2019-10-01 63 days 1,932 sqft
    2019-11-01 61 days 1,929 sqft
    2019-12-01 74 days 1,910 sqft
    2020-01-01 81 days 1,902 sqft
    2020-02-01 71 days 1,883 sqft
    2020-03-01 47 days 1,923 sqft
    2020-04-01 62 days 1,937 sqft
    2020-05-01 73 days 1,921 sqft
    2020-06-01 35 days 1,904 sqft
    2020-07-01 31 days 1,884 sqft
    2020-08-01 30 days 1,866 sqft
    2020-09-01 32 days 1,893 sqft
    2020-10-01 31 days 1,842 sqft
    2020-11-01 38 days 1,813 sqft
    2020-12-01 47 days 1,814 sqft
    2021-01-01 57 days 1,820 sqft
    2021-02-01 47 days 1,916 sqft
    2021-03-01 25 days 1,926 sqft
    2021-04-01 22 days 1,936 sqft
    2021-05-01 20 days 1,983 sqft
    2021-06-01 20 days 1,988 sqft
    2021-07-01 24 days 1,927 sqft
    2021-08-01 30 days 1,921 sqft
    2021-09-01 36 days 1,924 sqft
    2021-10-01 37 days 1,896 sqft
    2021-11-01 38 days 1,880 sqft
    2021-12-01 49 days 1,880 sqft
    2022-01-01 47 days 1,920 sqft
    2022-02-01 27 days 1,868 sqft
    2022-03-01 18 days 1,926 sqft
    2022-04-01 16 days 1,978 sqft
    2022-05-01 16 days 2,033 sqft
    2022-06-01 20 days 2,062 sqft
    2022-07-01 26 days 2,016 sqft
    2022-08-01 35 days 2,006 sqft
    2022-09-01 42 days 2,014 sqft
    2022-10-01 39 days 1,986 sqft
    2022-11-01 45 days 1,980 sqft
    2022-12-01 59 days 2,012 sqft
    2023-01-01 60 days 1,981 sqft
    2023-02-01 43 days 1,968 sqft
    2023-03-01 37 days 1,973 sqft
    2023-04-01 31 days 2,000 sqft
    2023-05-01 25 days 2,000 sqft
    2023-06-01 29 days 1,975 sqft
    2023-07-01 30 days 2,005 sqft
    2023-08-01 32 days 2,011 sqft
    2023-09-01 34 days 1,966 sqft
    2023-10-01 36 days 1,944 sqft
    2023-11-01 39 days 1,933 sqft
    2023-12-01 50 days 1,945 sqft
    2024-01-01 52 days 1,947 sqft
    2024-02-01 38 days 1,974 sqft
    2024-03-01 37 days 1,975 sqft
    Allentown's median listing age (time on market) for 2024-03-01 was 37 days. This is 0% longer than the same period one year ago.

    Allentown's median square footage for active listings during the 2024-03-01 period was 1,975 sqft. One year prior, the average listing was 1,973 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.