East Stroudsburg VA Loans

EAST STROUDSBURG, PA

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.

East Stroudsburg's 73 lenders originated 478 VA loans during 2021. The total origination value was $108,230,000, with an average VA loan value of $226,423.

East Stroudsburg VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in East Stroudsburg averaged 5.67% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

The average rate for the prior week (2022-07-29) was 5.42% and one month ago for the week of 2022-07-01, the average rate was 5.64%.

The average rate one year ago was 3.03%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.31%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

East Stroudsburg 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 East Stroudsburg level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 73 2.94% $7,048
QUICKEN LOANS, LLC 51 2.51% $6,421
NEW DAY FINANCIAL, LLC 23 3.08% $10,414
FREEDOM MORTGAGE CORPORATION 22 2.56% $3,954
PENNYMAC LOAN SERVICES, LLC 16 2.36% $5,682
USAA Federal Savings Bank 14 2.71% $4,914
VILLAGE CAPITAL & INVESTMENT LLC 14 2.29% $3,868
Barrington Bank & Trust Company, N.A. 13 2.89% $6,856
NAVY FEDERAL CREDIT UNION 12 2.41% $5,277
MOVEMENT MORTGAGE, LLC 10 2.95% $6,280
The Federal Savings Bank 9 2.57% $7,216
UNITED WHOLESALE MORTGAGE, LLC 9 2.79% $5,703
Mr. Cooper ( Nationstar Mortgage ) 9 2.94% $3,320
NEWREZ LLC 8 2.75% $6,374
CLEARPATH LENDING 7 2.57% $5,960
CALIBER HOME LOANS, INC. 7 2.58% $6,380
Wells Fargo Bank 6 2.65% $4,402
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 3.33% $9,181
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 2.83% $4,344
CROSSCOUNTRY MORTGAGE, LLC 5 3.08% $7,980
PENTAGON FEDERAL CREDIT UNION 5 2.65% $3,215
Mid-Continent Funding, Inc. 5 2.93% $7,459
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.03% $11,076
HOME POINT FINANCIAL CORPORATION 4 2.47% $3,224
LOANDEPOT.COM, LLC 4 2.38% $5,864
LAKEVIEW LOAN SERVICING, LLC 4 2.41% $3,138
AMERICAN FINANCIAL NETWORK, INC. 3 2.75% $9,028
FINANCE OF AMERICA MORTGAGE LLC 3 2.79% $12,462
BROKER SOLUTIONS, INC. 3 2.62% $6,263
Prosperity Home Mortgage, LLC 3 3.21% $8,466
ABSOLUTE HOME MORTGAGE CORPORATION 3 3.13% $10,607
ROYAL UNITED MORTGAGE LLC 2 2.50% $9,163
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.62% $3,248
First Federal Bank 2 3.00% $8,582
CHURCHILL MORTGAGE CORPORATION 2 3.06% $4,424
Low VA Rates, LLC 2 2.50% $2,856
MID AMERICA MORTGAGE, INC. 2 2.38% $2,112
MUTUAL OF OMAHA MORTGAGE, INC. 2 2.63% $2,162
RELIANCE FIRST CAPITAL, LLC 2 3.19% $6,687
Summit Mortgage Corporation 2 2.25% $11,664
Truist Bank 2 2.81% $2,586
InterContinental Capital Group, Inc 1 2.75% $11,422
Mortgage America, Inc. 1 2.38% $3,281
Century Mortgage Company DBA Century Lending Company 1 3.25% $10,864
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.25% $1,883
CELEBRITY HOME LOANS, LLC 1 3.25% $6,221
Carrington Mortgage Services, LLC 1 3.13% $17,779
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 2.75% $8,654
HOMESIDE FINANCIAL, LLC 1 3.00% $9,212
NBKC BANK 1 3.00% $3,124
GENEVA FINANCIAL, LLC 1 3.63% $7,667
Atlantic Home Loans, Inc. 1 3.13% $3,914
North American Savings Bank, F.S.B. 1 2.25% $4,261
NP, Inc. 1 2.75% $21,189
AMERISAVE MORTGAGE CORPORATION 1 3.00% $3,419
First Guaranty Mortgage Corporation 1 2.75% $3,035
PNC Bank 1 3.13% $5,587
FEDEX EMPLOYEES CREDIT ASSOCIATION 1 2.75% $7,450
AmeriHome Mortgage Company, LLC 1 2.88% $2,809
ALLIED MORTGAGE GROUP, INC. 1 2.50% $4,245
Community First National Bank 1 2.63% $2,878
SUCCESS MORTGAGE PARTNERS, INC. 1 4.13% $18,906
Acre Mortgage and Financial Inc 1 3.63% $20,750
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $3,187
SWBC MORTGAGE CORPORATION 1 3.25% $174
AMERICAN FINANCIAL RESOURCES, INC. 1 3.25% $206
TJC Mortgage, Inc. 1 3.00% $6,730
Lakeview Community Capital, LLC 1 2.63% $3,954
JPMorgan Chase Bank 1 3.75% $8,355
LOANPAL, LLC 1 2.50% $15,284
TOP FLITE FINANCIAL, INC. 1 3.00% $20,681
Manufacturers and Traders Trust Company 1 2.63% $3,983
CONTOUR MORTGAGE CORPORATION 1 2.63% $9,165

The top East Stroudsburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 73 VA loans originated. Their average total fees are $7,048, which is $627 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee East Stroudsburg VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($3,868), FREEDOM MORTGAGE CORPORATION ($3,954), USAA Federal Savings Bank ($4,914), NAVY FEDERAL CREDIT UNION ($5,277) and PENNYMAC LOAN SERVICES, LLC ($5,682).

The lowest rate East Stroudsburg VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC (2.29%), PENNYMAC LOAN SERVICES, LLC (2.36%), NAVY FEDERAL CREDIT UNION (2.41%), QUICKEN LOANS, LLC (2.51%) and FREEDOM MORTGAGE CORPORATION (2.56%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - East Stroudsburg (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 $161,250 (1.4%) $201,585 (2.4%) 0.59 1,575
2018-02-01 $164,450 (2.9%) $202,699 (1.0%) 0.59 1,455
2018-03-01 $169,000 (3.5%) $208,077 (1.2%) 0.58 1,438
2018-04-01 $169,947 (1.8%) $211,957 (1.4%) 0.57 1,479
2018-05-01 $172,000 (1.8%) $211,856 (1.4%) 0.57 1,630
2018-06-01 $172,900 (1.8%) $213,070 (3.0%) 0.58 1,734
2018-07-01 $178,444 (5.0%) $213,748 (2.7%) 0.60 1,823
2018-08-01 $178,944 (5.3%) $212,587 (2.0%) 0.60 1,888
2018-09-01 $179,000 (5.4%) $214,015 (3.6%) 0.60 1,864
2018-10-01 $179,900 (5.9%) $216,288 (4.2%) 0.60 1,765
2018-11-01 $179,900 (6.2%) $216,383 (5.1%) 0.60 1,669
2018-12-01 $179,900 (9.1%) $212,766 (4.9%) 0.62 1,545
2019-01-01 $174,950 (8.5%) $209,964 (4.2%) 0.60 1,396
2019-02-01 $179,900 (9.4%) $214,362 (5.8%) 0.60 1,329
2019-03-01 $179,900 (6.5%) $216,539 (4.1%) 0.59 1,337
2019-04-01 $179,900 (5.9%) $217,384 (2.6%) 0.57 1,415
2019-05-01 $179,900 (4.6%) $219,519 (3.6%) 0.55 1,518
2019-06-01 $179,900 (4.1%) $220,048 (3.3%) 0.55 1,714
2019-07-01 $185,000 (3.7%) $220,991 (3.4%) 0.57 1,816
2019-08-01 $189,000 (5.6%) $222,742 (4.8%) 0.59 1,820
2019-09-01 $189,000 (5.6%) $220,771 (3.2%) 0.60 1,812
2019-10-01 $189,900 (5.6%) $220,255 (1.8%) 0.61 1,783
2019-11-01 $190,000 (5.6%) $224,782 (3.9%) 0.61 1,601
2019-12-01 $189,000 (5.1%) $221,702 (4.2%) 0.63 1,438
2020-01-01 $189,000 (8.0%) $224,105 (6.7%) 0.63 1,327
2020-02-01 $199,000 (10.6%) $233,534 (8.9%) 0.64 1,231
2020-03-01 $199,850 (11.1%) $235,793 (8.9%) 0.62 1,187
2020-04-01 $206,250 (14.7%) $241,832 (11.3%) 0.64 1,106
2020-05-01 $204,900 (13.9%) $239,241 (9.0%) 0.62 1,118
2020-06-01 $217,400 (20.8%) $246,367 (12.0%) 0.63 1,031
2020-07-01 $219,950 (18.9%) $255,753 (15.7%) 0.63 839
2020-08-01 $229,000 (21.2%) $275,987 (23.9%) 0.65 707
2020-09-01 $239,000 (26.5%) $294,536 (33.4%) 0.68 651
2020-10-01 $245,000 (29.0%) $298,180 (35.4%) 0.70 629
2020-11-01 $249,900 (31.5%) $303,479 (35.0%) 0.72 621
2020-12-01 $258,500 (36.8%) $307,766 (38.8%) 0.76 584
2021-01-01 $272,000 (43.9%) $340,074 (51.8%) 0.80 481
2021-02-01 $279,950 (40.7%) $354,750 (51.9%) 0.81 413
2021-03-01 $279,950 (40.1%) $350,321 (48.6%) 0.78 414
2021-04-01 $279,500 (35.5%) $346,875 (43.4%) 0.75 466
2021-05-01 $279,000 (36.2%) $327,670 (37.0%) 0.73 555
2021-06-01 $279,500 (28.6%) $335,681 (36.3%) 0.73 651
2021-07-01 $283,650 (29.0%) $347,761 (36.0%) 0.74 744
2021-08-01 $287,450 (25.5%) $360,876 (30.8%) 0.76 820
2021-09-01 $297,000 (24.3%) $371,758 (26.2%) 0.78 804
2021-10-01 $298,800 (22.0%) $374,482 (25.6%) 0.79 752
2021-11-01 $299,450 (19.8%) $378,659 (24.8%) 0.79 666
2021-12-01 $299,900 (16.0%) $394,323 (28.1%) 0.80 565
2022-01-01 $304,900 (12.1%) $412,765 (21.4%) 0.81 465
2022-02-01 $319,000 (14.0%) $423,449 (19.4%) 0.81 400
2022-03-01 $322,450 (15.2%) $416,786 (19.0%) 0.80 418
2022-04-01 $330,000 (18.1%) $407,486 (17.5%) 0.78 486
2022-05-01 $347,500 (24.6%) $403,775 (23.2%) 0.78 631
2022-06-01 $350,000 (25.2%) $401,162 (19.5%) 0.78 790
East Stroudsburg's median listing price for 2022-06-01 was $350,000, a difference of $70,500 (25.2%) versus the prior year and $2,500 versus the prior month.

East Stroudsburg's median listing price comes in at 78% of the national average.

East Stroudsburg's average listing price for 2022-06-01 was $401,162, a difference of $65,481 (19.5%) versus the prior year and $-2,613 versus the prior month.

For the 2022-06-01 period, East Stroudsburg had 790 MLS listings, a difference of 159 listings (25%) versus the prior month and 139 listings (21%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - East Stroudsburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 121 days 1,798 sqft
2018-02-01 129 days 1,794 sqft
2018-03-01 127 days 1,800 sqft
2018-04-01 110 days 1,837 sqft
2018-05-01 83 days 1,842 sqft
2018-06-01 78 days 1,828 sqft
2018-07-01 75 days 1,839 sqft
2018-08-01 78 days 1,827 sqft
2018-09-01 89 days 1,836 sqft
2018-10-01 96 days 1,851 sqft
2018-11-01 102 days 1,868 sqft
2018-12-01 114 days 1,841 sqft
2019-01-01 112 days 1,808 sqft
2019-02-01 116 days 1,842 sqft
2019-03-01 106 days 1,834 sqft
2019-04-01 77 days 1,832 sqft
2019-05-01 66 days 1,884 sqft
2019-06-01 62 days 1,883 sqft
2019-07-01 69 days 1,902 sqft
2019-08-01 78 days 1,902 sqft
2019-09-01 87 days 1,899 sqft
2019-10-01 87 days 1,919 sqft
2019-11-01 90 days 1,900 sqft
2019-12-01 99 days 1,877 sqft
2020-01-01 105 days 1,884 sqft
2020-02-01 108 days 1,872 sqft
2020-03-01 87 days 1,873 sqft
2020-04-01 96 days 1,885 sqft
2020-05-01 112 days 1,882 sqft
2020-06-01 105 days 1,924 sqft
2020-07-01 64 days 1,916 sqft
2020-08-01 56 days 1,974 sqft
2020-09-01 47 days 2,033 sqft
2020-10-01 43 days 1,930 sqft
2020-11-01 43 days 1,903 sqft
2020-12-01 59 days 1,946 sqft
2021-01-01 65 days 2,020 sqft
2021-02-01 63 days 2,041 sqft
2021-03-01 48 days 2,000 sqft
2021-04-01 35 days 1,948 sqft
2021-05-01 35 days 1,930 sqft
2021-06-01 38 days 1,912 sqft
2021-07-01 38 days 1,897 sqft
2021-08-01 43 days 1,954 sqft
2021-09-01 48 days 2,014 sqft
2021-10-01 57 days 1,986 sqft
2021-11-01 64 days 1,999 sqft
2021-12-01 71 days 1,981 sqft
2022-01-01 71 days 2,012 sqft
2022-02-01 60 days 1,997 sqft
2022-03-01 42 days 1,982 sqft
2022-04-01 34 days 1,936 sqft
2022-05-01 33 days 1,926 sqft
2022-06-01 33 days 1,973 sqft
East Stroudsburg's median listing age (time on market) for 2022-06-01 was 33 days. This is -12% shorter than the same period one year ago.

East Stroudsburg's median square footage for active listings during the 2022-06-01 period was 1,973 sqft. One year prior, the average listing was 1,912 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.