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
6.61%
for the week of 2023-12-01, compared to the national average (all VA variants) of
6.774% for the same period.
Allentown's average VA mortgage closing costs are $6,888.
The average rate for the prior week (2023-11-24) was
6.64% and
one month ago for the week of 2023-10-27, the
average rate was 7.38%.
The average rate one year ago was 6.46%.
For refis of the same type during the week of 2023-12-01, the average rate
was 5.78%.
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.
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. LouisDate | 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%) | $292,367 (5.8%) | 0.78 | 2,956 |
2018-06-01 | $234,900 (6.6%) | $295,084 (4.8%) | 0.78 | 3,113 |
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 | $214,924 (2.4%) | $277,381 (0.1%) | 0.74 | 2,836 |
2019-02-01 | $219,900 (2.6%) | $282,342 (0.5%) | 0.74 | 2,760 |
2019-03-01 | $215,614 (-4.2%) | $275,263 (-3.8%) | 0.71 | 2,956 |
2019-04-01 | $210,664 (-8.4%) | $269,484 (-6.6%) | 0.67 | 3,277 |
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 | $218,564 (-4.9%) | $269,805 (-6.3%) | 0.69 | 3,508 |
2019-09-01 | $216,559 (-3.8%) | $271,611 (-4.6%) | 0.69 | 3,460 |
2019-10-01 | $215,223 (-4.3%) | $273,933 (-3.7%) | 0.69 | 3,392 |
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 (18.2%) | $309,303 (12.4%) | 0.80 | 1,915 |
2020-04-01 | $258,900 (22.9%) | $315,672 (17.1%) | 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 (24.8%) | $339,652 (25.9%) | 0.78 | 1,486 |
2020-09-01 | $278,175 (28.5%) | $352,680 (29.9%) | 0.80 | 1,448 |
2020-10-01 | $269,900 (25.4%) | $351,675 (28.4%) | 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 | $294,950 (22.0%) | $395,986 (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 | $299,888 (15.4%) | $399,161 (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%) | $394,943 (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%) | $413,621 (5.3%) | 0.77 | 715 |
2022-04-01 | $328,940 (13.3%) | $438,755 (12.6%) | 0.78 | 766 |
2022-05-01 | $349,900 (16.7%) | $440,394 (10.3%) | 0.80 | 991 |
2022-06-01 | $353,225 (17.8%) | $446,688 (10.9%) | 0.79 | 1,156 |
2022-07-01 | $350,000 (17.1%) | $433,956 (9.0%) | 0.79 | 1,343 |
2022-08-01 | $354,815 (18.6%) | $440,420 (11.5%) | 0.82 | 1,321 |
2022-09-01 | $355,860 (18.7%) | $438,076 (11.3%) | 0.83 | 1,270 |
2022-10-01 | $350,000 (17.1%) | $441,634 (13.6%) | 0.82 | 1,319 |
2022-11-01 | $351,033 (17.1%) | $444,365 (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%) | $468,259 (14.2%) | 0.89 | 971 |
2023-02-01 | $361,950 (21.7%) | $467,010 (14.9%) | 0.87 | 864 |
2023-03-01 | $375,000 (21.3%) | $470,556 (13.8%) | 0.88 | 797 |
2023-04-01 | $379,000 (15.2%) | $484,621 (10.5%) | 0.88 | 817 |
2023-05-01 | $384,250 (9.8%) | $493,253 (12.0%) | 0.87 | 868 |
2023-06-01 | $377,450 (6.9%) | $484,837 (8.5%) | 0.85 | 949 |
2023-07-01 | $375,000 (7.1%) | $486,265 (12.1%) | 0.85 | 958 |
2023-08-01 | $379,900 (7.1%) | $483,217 (9.7%) | 0.87 | 1,005 |
2023-09-01 | $379,250 (6.6%) | $481,338 (9.9%) | 0.88 | 1,005 |
2023-10-01 | $370,450 (5.8%) | $477,050 (8.0%) | 0.87 | 1,051 |
2023-11-01 | $365,000 (4.0%) | $483,381 (8.8%) | 0.87 | 1,050 |
Allentown's median listing price comes in at 87% of the national average.
Allentown's average listing price for 2023-11-01 was $483,381, a difference of $39,016 (8.8%) versus the prior year and $6,331 versus the prior month.
For the 2023-11-01 period, Allentown had 1,050 MLS listings, a difference of -1 listings (0%) versus the prior month and -248 listings (-19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Allentown (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 84 days | 1,827 sqft |
2018-02-01 | 80 days | 1,841 sqft |
2018-03-01 | 60 days | 1,888 sqft |
2018-04-01 | 54 days | 1,900 sqft |
2018-05-01 | 44 days | 1,894 sqft |
2018-06-01 | 47 days | 1,905 sqft |
2018-07-01 | 52 days | 1,897 sqft |
2018-08-01 | 54 days | 1,870 sqft |
2018-09-01 | 59 days | 1,847 sqft |
2018-10-01 | 65 days | 1,840 sqft |
2018-11-01 | 70 days | 1,837 sqft |
2018-12-01 | 75 days | 1,837 sqft |
2019-01-01 | 82 days | 1,815 sqft |
2019-02-01 | 78 days | 1,825 sqft |
2019-03-01 | 65 days | 1,846 sqft |
2019-04-01 | 53 days | 1,891 sqft |
2019-05-01 | 49 days | 1,961 sqft |
2019-06-01 | 54 days | 1,984 sqft |
2019-07-01 | 59 days | 1,987 sqft |
2019-08-01 | 59 days | 1,944 sqft |
2019-09-01 | 61 days | 1,927 sqft |
2019-10-01 | 63 days | 1,926 sqft |
2019-11-01 | 61 days | 1,921 sqft |
2019-12-01 | 74 days | 1,903 sqft |
2020-01-01 | 81 days | 1,896 sqft |
2020-02-01 | 71 days | 1,872 sqft |
2020-03-01 | 47 days | 1,921 sqft |
2020-04-01 | 62 days | 1,939 sqft |
2020-05-01 | 73 days | 1,925 sqft |
2020-06-01 | 35 days | 1,910 sqft |
2020-07-01 | 31 days | 1,894 sqft |
2020-08-01 | 30 days | 1,877 sqft |
2020-09-01 | 32 days | 1,904 sqft |
2020-10-01 | 31 days | 1,855 sqft |
2020-11-01 | 38 days | 1,816 sqft |
2020-12-01 | 47 days | 1,816 sqft |
2021-01-01 | 57 days | 1,820 sqft |
2021-02-01 | 47 days | 1,916 sqft |
2021-03-01 | 25 days | 1,928 sqft |
2021-04-01 | 22 days | 1,938 sqft |
2021-05-01 | 20 days | 1,992 sqft |
2021-06-01 | 20 days | 1,997 sqft |
2021-07-01 | 24 days | 1,939 sqft |
2021-08-01 | 30 days | 1,930 sqft |
2021-09-01 | 36 days | 1,932 sqft |
2021-10-01 | 37 days | 1,907 sqft |
2021-11-01 | 38 days | 1,885 sqft |
2021-12-01 | 49 days | 1,887 sqft |
2022-01-01 | 48 days | 1,920 sqft |
2022-02-01 | 27 days | 1,868 sqft |
2022-03-01 | 19 days | 1,927 sqft |
2022-04-01 | 16 days | 2,006 sqft |
2022-05-01 | 16 days | 2,045 sqft |
2022-06-01 | 20 days | 2,065 sqft |
2022-07-01 | 26 days | 2,023 sqft |
2022-08-01 | 35 days | 2,013 sqft |
2022-09-01 | 42 days | 2,018 sqft |
2022-10-01 | 39 days | 1,986 sqft |
2022-11-01 | 45 days | 1,979 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 | 1,975 sqft |
2023-04-01 | 31 days | 2,000 sqft |
2023-05-01 | 25 days | 2,000 sqft |
2023-06-01 | 29 days | 1,981 sqft |
2023-07-01 | 30 days | 2,007 sqft |
2023-08-01 | 32 days | 2,012 sqft |
2023-09-01 | 34 days | 1,971 sqft |
2023-10-01 | 36 days | 1,946 sqft |
2023-11-01 | 39 days | 1,934 sqft |
Allentown's median square footage for active listings during the 2023-11-01 period was 1,934 sqft. One year prior, the average listing was 1,979 sqft.