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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.