East Stroudsburg VA Loan Rates, Closing Costs & Stats

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 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.

East Stroudsburg's 51 lenders originated 186 VA loans during 2023. The total origination value was $55,470,000, with an average VA loan value of $298,226.

East Stroudsburg VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in East Stroudsburg averaged 6.96% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

East Stroudsburg's average VA mortgage closing costs are $6,865.

The average rate for the prior week (2024-04-05) was 6.9% and one month ago for the week of 2024-03-08, the average rate was 6.64%.

The average rate one year ago was 6.33%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.9%.

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

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 42 6.69% $8,446
QUICKEN LOANS, LLC 15 5.93% $14,152
UNITED WHOLESALE MORTGAGE, LLC 10 6.48% $12,969
NAVY FEDERAL CREDIT UNION 9 6.06% $6,371
USAA Federal Savings Bank 8 6.27% $10,168
NEW DAY FINANCIAL, LLC 8 7.62% $16,183
FREEDOM MORTGAGE CORPORATION 7 6.68% $14,572
PENNYMAC LOAN SERVICES, LLC 6 5.27% $12,943
Barrington Bank & Trust Company, N.A. 5 5.95% $11,424
Mr. Cooper ( Nationstar Mortgage ) 5 5.70% $13,471
The Federal Savings Bank 5 5.90% $12,975
LOANDEPOT.COM, LLC 4 6.28% $10,497
VILLAGE CAPITAL MORTGAGE 3 5.58% $18,730
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.58% $428
CROSSCOUNTRY MORTGAGE, LLC 3 6.71% $7,125
PLANET HOME LENDING, LLC 2 6.50% $10,203
CHURCHILL MORTGAGE CORPORATION 2 6.62% $12,861
Century Mortgage Company DBA Century Lending Company 2 6.06% $14,945
CONTOUR MORTGAGE CORPORATION 2 6.19% $19,081
GUILD MORTGAGE COMPANY 2 6.63% $10,895
UNION HOME MORTGAGE CORP. 2 6.94% $16,056
NEWREZ LLC 2 6.69% $19,800
MOVEMENT MORTGAGE, LLC 2 6.63% $6,055
Prosperity Home Mortgage, LLC 2 6.12% $11,348
RESIDENTIAL HOME MORTGAGE CORPORATION 1 7.25% $7,038
Summit Mortgage Corporation 1 6.25% $5,103
SUN WEST MORTGAGE COMPANY, INC. 1 6.38% $6,123
JPMorgan Chase Bank 1 5.75% $24,018
AMERISAVE MORTGAGE CORPORATION 1 6.25% $28,455
Bank of England 1 5.25% $11,822
BROKER SOLUTIONS, INC. 1 6.75% $9,594
CARDINAL FINANCIAL 1 6.75% $16,027
Citizens Bank 1 6.50% $18,108
DHI MORTGAGE COMPANY, LTD. 1 6.25% $3,812
Equity Prime Mortgage LLC 1 6.88% $11,608
FIRST ALLIANCE HOME MORTGAGE, LLC 1 7.13% $8,665
FIRST COMMUNITY MORTGAGE, INC. 1 7.25% $11,238
First Savings Bank 1 7.25% $11,238
Flagstar Bank, FSB 1 6.25% $11,560
GSF Mortgage Corporation 1 7.13% $8,029
GUARANTEED RATE AFFINITY, LLC 1 6.50% $8,211
GUARANTEED RATE, INC. 1 6.75% $3,331
HomePromise Corporation 1 7.50% $16,646
Ixonia Bank 1 7.63% $14,970
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $13,355
Magnolia Bank 1 6.13% $16,826
Mid-Continent Funding, Inc. 1 6.50% $15,348
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $13,231
Nations Lending Corporation 1 6.13% $12,480
Paramount Residential Mortgage Group, Inc. 1 6.75% $9,324
PENTAGON FEDERAL CREDIT UNION 1 6.63% $4,712

The top East Stroudsburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 42 VA loans originated. Their average total fees are $8,446, which is $5,705 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee East Stroudsburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($8,446), UNITED WHOLESALE MORTGAGE, LLC ($12,969), QUICKEN LOANS, LLC ($14,152), .

The lowest rate East Stroudsburg VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.93%), UNITED WHOLESALE MORTGAGE, LLC (6.48%), Mortgage Research Center, LLC (6.69%), .


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 $159,928 (1.0%) $200,111 (3.9%) 0.59 1,448
2018-02-01 $159,907 (0.1%) $201,246 (3.3%) 0.58 1,351
2018-03-01 $163,700 (2.4%) $204,538 (2.7%) 0.57 1,338
2018-04-01 $168,000 (1.9%) $206,632 (1.4%) 0.57 1,384
2018-05-01 $169,100 (1.9%) $206,021 (0.4%) 0.56 1,506
2018-06-01 $168,400 (-0.4%) $206,782 (1.1%) 0.56 1,607
2018-07-01 $171,525 (1.5%) $209,909 (2.1%) 0.57 1,682
2018-08-01 $171,375 (0.9%) $209,341 (1.8%) 0.57 1,719
2018-09-01 $172,350 (1.7%) $211,525 (3.9%) 0.58 1,677
2018-10-01 $176,450 (4.2%) $215,452 (5.2%) 0.60 1,601
2018-11-01 $179,450 (7.5%) $215,614 (6.5%) 0.61 1,517
2018-12-01 $175,000 (6.7%) $211,818 (5.1%) 0.60 1,399
2019-01-01 $173,738 (8.6%) $208,110 (4.0%) 0.60 1,274
2019-02-01 $177,000 (10.7%) $213,512 (6.1%) 0.60 1,227
2019-03-01 $178,743 (9.2%) $215,817 (5.5%) 0.58 1,231
2019-04-01 $178,743 (6.4%) $216,886 (5.0%) 0.57 1,294
2019-05-01 $179,900 (6.4%) $218,785 (6.2%) 0.56 1,403
2019-06-01 $179,900 (6.8%) $218,287 (5.6%) 0.56 1,579
2019-07-01 $179,900 (4.9%) $216,557 (3.2%) 0.56 1,656
2019-08-01 $181,311 (5.8%) $218,458 (4.4%) 0.57 1,665
2019-09-01 $183,386 (6.4%) $218,148 (3.1%) 0.59 1,653
2019-10-01 $185,450 (5.1%) $217,162 (0.8%) 0.60 1,623
2019-11-01 $189,000 (5.3%) $223,439 (3.6%) 0.62 1,449
2019-12-01 $185,450 (6.0%) $221,950 (4.8%) 0.62 1,290
2020-01-01 $185,950 (7.0%) $224,762 (8.0%) 0.62 1,185
2020-02-01 $189,900 (7.3%) $230,631 (8.0%) 0.62 1,105
2020-03-01 $195,000 (9.1%) $232,634 (7.8%) 0.61 1,086
2020-04-01 $199,000 (11.3%) $236,277 (8.9%) 0.62 1,010
2020-05-01 $199,900 (11.1%) $237,040 (8.3%) 0.61 1,015
2020-06-01 $211,750 (17.7%) $247,107 (13.2%) 0.62 965
2020-07-01 $219,450 (22.0%) $257,046 (18.7%) 0.64 801
2020-08-01 $225,000 (24.1%) $277,035 (26.8%) 0.64 679
2020-09-01 $229,900 (25.4%) $290,474 (33.2%) 0.66 621
2020-10-01 $239,999 (29.4%) $295,459 (36.1%) 0.69 600
2020-11-01 $242,725 (28.4%) $299,886 (34.2%) 0.71 588
2020-12-01 $252,246 (36.0%) $310,207 (39.8%) 0.75 549
2021-01-01 $265,000 (42.5%) $336,217 (49.6%) 0.79 434
2021-02-01 $279,000 (46.9%) $350,224 (51.9%) 0.81 368
2021-03-01 $279,000 (43.1%) $349,643 (50.3%) 0.79 367
2021-04-01 $279,450 (40.4%) $346,233 (46.5%) 0.76 414
2021-05-01 $279,000 (39.6%) $334,679 (41.2%) 0.74 502
2021-06-01 $279,950 (32.2%) $341,498 (38.2%) 0.74 576
2021-07-01 $289,900 (32.1%) $355,062 (38.1%) 0.76 690
2021-08-01 $289,900 (28.8%) $362,501 (30.9%) 0.77 738
2021-09-01 $297,000 (29.2%) $373,849 (28.7%) 0.79 712
2021-10-01 $295,000 (22.9%) $375,033 (26.9%) 0.79 665
2021-11-01 $298,700 (23.1%) $376,147 (25.4%) 0.80 591
2021-12-01 $299,900 (18.9%) $396,548 (27.8%) 0.81 491
2022-01-01 $319,950 (20.7%) $415,145 (23.5%) 0.87 408
2022-02-01 $324,975 (16.5%) $426,615 (21.8%) 0.85 348
2022-03-01 $325,000 (16.5%) $416,897 (19.2%) 0.81 366
2022-04-01 $335,000 (19.9%) $405,225 (17.0%) 0.80 438
2022-05-01 $349,950 (25.4%) $402,600 (20.3%) 0.80 563
2022-06-01 $349,900 (25.0%) $399,767 (17.1%) 0.78 690
2022-07-01 $349,900 (20.7%) $406,466 (14.5%) 0.79 842
2022-08-01 $349,900 (20.7%) $400,596 (10.5%) 0.81 846
2022-09-01 $348,750 (17.4%) $397,808 (6.4%) 0.82 858
2022-10-01 $348,000 (18.0%) $393,578 (4.9%) 0.82 833
2022-11-01 $336,125 (12.5%) $399,085 (6.1%) 0.81 779
2022-12-01 $330,000 (10.0%) $395,769 (-0.2%) 0.81 726
2023-01-01 $329,950 (3.1%) $395,679 (-4.7%) 0.82 643
2023-02-01 $330,000 (1.6%) $398,376 (-6.6%) 0.80 596
2023-03-01 $341,625 (5.1%) $404,447 (-3.0%) 0.81 557
2023-04-01 $350,000 (4.5%) $418,694 (3.3%) 0.81 577
2023-05-01 $350,000 (0.0%) $422,976 (5.1%) 0.79 629
2023-06-01 $353,750 (1.1%) $416,735 (4.2%) 0.79 697
2023-07-01 $359,000 (2.6%) $413,882 (1.8%) 0.82 762
2023-08-01 $359,498 (2.7%) $424,797 (6.0%) 0.83 776
2023-09-01 $359,900 (3.2%) $424,013 (6.6%) 0.84 819
2023-10-01 $355,000 (2.0%) $418,575 (6.4%) 0.84 829
2023-11-01 $350,000 (4.1%) $417,793 (4.7%) 0.83 821
2023-12-01 $350,000 (6.1%) $416,332 (5.2%) 0.85 766
2024-01-01 $349,975 (6.1%) $412,851 (4.3%) 0.85 723
2024-02-01 $349,900 (6.0%) $408,065 (2.4%) 0.84 693
2024-03-01 $349,000 (2.2%) $399,814 (-1.2%) 0.82 662
East Stroudsburg's median listing price for 2024-03-01 was $349,000, a difference of $7,375 (2.2%) versus the prior year and $-900 versus the prior month.

East Stroudsburg's median listing price comes in at 82% of the national average.

East Stroudsburg's average listing price for 2024-03-01 was $399,814, a difference of $-4,633 (-1.2%) versus the prior year and $-8,251 versus the prior month.

For the 2024-03-01 period, East Stroudsburg had 662 MLS listings, a difference of -31 listings (-4%) versus the prior month and 105 listings (19%) 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
2018-01-01 106 days 1,801 sqft
2018-02-01 109 days 1,792 sqft
2018-03-01 100 days 1,789 sqft
2018-04-01 76 days 1,820 sqft
2018-05-01 62 days 1,828 sqft
2018-06-01 66 days 1,820 sqft
2018-07-01 67 days 1,825 sqft
2018-08-01 72 days 1,820 sqft
2018-09-01 83 days 1,836 sqft
2018-10-01 92 days 1,848 sqft
2018-11-01 95 days 1,860 sqft
2018-12-01 105 days 1,838 sqft
2019-01-01 106 days 1,809 sqft
2019-02-01 109 days 1,831 sqft
2019-03-01 94 days 1,835 sqft
2019-04-01 72 days 1,845 sqft
2019-05-01 64 days 1,880 sqft
2019-06-01 61 days 1,875 sqft
2019-07-01 68 days 1,883 sqft
2019-08-01 75 days 1,893 sqft
2019-09-01 82 days 1,897 sqft
2019-10-01 88 days 1,900 sqft
2019-11-01 92 days 1,896 sqft
2019-12-01 100 days 1,874 sqft
2020-01-01 107 days 1,879 sqft
2020-02-01 110 days 1,887 sqft
2020-03-01 91 days 1,889 sqft
2020-04-01 100 days 1,900 sqft
2020-05-01 109 days 1,900 sqft
2020-06-01 101 days 1,940 sqft
2020-07-01 66 days 1,944 sqft
2020-08-01 64 days 1,973 sqft
2020-09-01 54 days 2,019 sqft
2020-10-01 51 days 1,928 sqft
2020-11-01 53 days 1,903 sqft
2020-12-01 68 days 1,950 sqft
2021-01-01 82 days 2,002 sqft
2021-02-01 79 days 2,040 sqft
2021-03-01 65 days 2,019 sqft
2021-04-01 40 days 1,966 sqft
2021-05-01 33 days 1,933 sqft
2021-06-01 38 days 1,918 sqft
2021-07-01 37 days 1,910 sqft
2021-08-01 45 days 1,988 sqft
2021-09-01 52 days 1,979 sqft
2021-10-01 64 days 1,927 sqft
2021-11-01 73 days 1,948 sqft
2021-12-01 89 days 1,924 sqft
2022-01-01 85 days 1,996 sqft
2022-02-01 73 days 1,968 sqft
2022-03-01 39 days 1,952 sqft
2022-04-01 33 days 1,920 sqft
2022-05-01 32 days 1,910 sqft
2022-06-01 35 days 1,967 sqft
2022-07-01 39 days 1,962 sqft
2022-08-01 49 days 1,960 sqft
2022-09-01 58 days 1,959 sqft
2022-10-01 64 days 1,972 sqft
2022-11-01 70 days 1,974 sqft
2022-12-01 80 days 1,972 sqft
2023-01-01 79 days 1,926 sqft
2023-02-01 72 days 1,871 sqft
2023-03-01 63 days 1,881 sqft
2023-04-01 55 days 1,905 sqft
2023-05-01 48 days 1,865 sqft
2023-06-01 49 days 1,872 sqft
2023-07-01 50 days 1,901 sqft
2023-08-01 54 days 1,934 sqft
2023-09-01 57 days 1,950 sqft
2023-10-01 58 days 1,930 sqft
2023-11-01 62 days 1,924 sqft
2023-12-01 74 days 1,920 sqft
2024-01-01 79 days 1,908 sqft
2024-02-01 74 days 1,902 sqft
2024-03-01 64 days 1,873 sqft
East Stroudsburg's median listing age (time on market) for 2024-03-01 was 64 days. This is 2% longer than the same period one year ago.

East Stroudsburg's median square footage for active listings during the 2024-03-01 period was 1,873 sqft. One year prior, the average listing was 1,881 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.