East Stroudsburg VA Loan Rates, Closing Costs & Stats

EAST STROUDSBURG, PA

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    • 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 56 lenders originated 235 VA loans during 2022. The total origination value was $65,775,000, with an average VA loan value of $279,894.

    East Stroudsburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in East Stroudsburg averaged 6.6% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

    East Stroudsburg's average VA mortgage closing costs are $6,314.

    The average rate for the prior week (2023-05-19) was 6.13% and one month ago for the week of 2023-04-21, the average rate was 6.05%.

    The average rate one year ago was 5.42%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.43%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 38 5.32% $7,730
    QUICKEN LOANS, LLC 30 4.14% $11,374
    UNITED WHOLESALE MORTGAGE, LLC 14 3.78% $10,798
    FREEDOM MORTGAGE CORPORATION 13 5.19% $13,191
    NEW DAY FINANCIAL, LLC 13 5.61% $13,190
    USAA Federal Savings Bank 10 4.24% $9,329
    NAVY FEDERAL CREDIT UNION 9 4.17% $8,724
    LOANDEPOT.COM, LLC 7 5.16% $9,123
    CALIBER HOME LOANS, INC. 5 5.49% $9,469
    MOVEMENT MORTGAGE, LLC 5 3.95% $5,431
    Barrington Bank & Trust Company, N.A. 5 4.98% $6,991
    CROSSCOUNTRY MORTGAGE, LLC 5 3.88% $12,847
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 4.40% $7,841
    PENNYMAC LOAN SERVICES, LLC 3 3.67% $5,300
    LAKEVIEW LOAN SERVICING, LLC 3 3.88% $7,637
    NEWREZ LLC 3 4.67% $13,670
    The Federal Savings Bank 3 5.08% $7,119
    Mr. Cooper ( Nationstar Mortgage ) 3 5.67% $12,244
    HOME POINT FINANCIAL CORPORATION 3 4.71% $14,890
    PENTAGON FEDERAL CREDIT UNION 2 4.81% $10,138
    BROKER SOLUTIONS, INC. 2 5.00% $10,037
    FINANCE OF AMERICA MORTGAGE LLC 2 4.94% $6,181
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 4.06% $8,605
    MUTUAL OF OMAHA MORTGAGE, INC. 2 3.19% $8,865
    Acre Mortgage and Financial Inc 2 5.94% $11,559
    Wells Fargo Bank 2 3.13% $3,522
    GUARANTEED RATE, INC. 1 4.75% $2,998
    GENEVA FINANCIAL, LLC 1 5.75% $15,182
    Low VA Rates, LLC 1 4.25% $10,982
    Magnolia Bank 1 4.75% $16,898
    Fulton Bank 1 4.88% $8,298
    First Federal Bank 1 3.38% $9,790
    Equity Prime Mortgage LLC 1 3.88% $12,478
    AMERICAN FINANCING CORPORATION 1 5.00% $15,143
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.25% $6,711
    EMBRACE HOME LOANS, INC. 1 3.50% $6,373
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 4.25% $5,827
    CLEARPATH LENDING 1 2.38% $5,506
    North American Savings Bank, F.S.B. 1 2.75% $15,276
    Paramount Residential Mortgage Group, Inc. 1 5.75% $5,168
    CHURCHILL MORTGAGE CORPORATION 1 4.63% $3,730
    VILLAGE CAPITAL MORTGAGE 1 4.00% $9,329
    PNC Bank 1 3.88% $2,939
    Presidential Bank, FSB 1 5.63% $7,590
    Prosperity Home Mortgage, LLC 1 2.62% $5,358
    Century Mortgage Company DBA Century Lending Company 1 5.99% $14,975
    RELIANCE FIRST CAPITAL, LLC 1 2.88% $10,349
    Semper Home Loans, Inc. 1 5.75% $6,411
    Strong Home Mortgage, LLC 1 3.50% $15,168
    Summit Mortgage Corporation 1 2.62% $14,502
    CARDINAL FINANCIAL 1 2.75% $4,352
    UNION HOME MORTGAGE CORP. 1 3.25% $5,037
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.25% $5,291
    HOMESPIRE MORTGAGE CORPORATION 1 5.25% $19,506
    Huntingdon Valley Bank 1 5.75% $5,008
    JET DIRECT FUNDING CORP 1 4.38% $7,910

    The top East Stroudsburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 38 VA loans originated. Their average total fees are $7,730, which is $3,644 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 ($7,730), USAA Federal Savings Bank ($9,329), UNITED WHOLESALE MORTGAGE, LLC ($10,798), QUICKEN LOANS, LLC ($11,374) and NEW DAY FINANCIAL, LLC ($13,190).

    The lowest rate East Stroudsburg VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (3.78%), QUICKEN LOANS, LLC (4.14%), USAA Federal Savings Bank (4.24%), FREEDOM MORTGAGE CORPORATION (5.19%) and Mortgage Research Center, LLC (5.32%).

    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 $159,950 (1.0%) $200,140 (3.9%) 0.59 1,448
    2018-02-01 $159,928 (0.1%) $201,300 (3.4%) 0.58 1,352
    2018-03-01 $163,900 (2.5%) $204,626 (2.8%) 0.58 1,337
    2018-04-01 $168,200 (2.0%) $206,719 (1.4%) 0.57 1,383
    2018-05-01 $169,125 (1.9%) $206,088 (0.4%) 0.56 1,505
    2018-06-01 $168,400 (-0.4%) $206,848 (1.2%) 0.56 1,606
    2018-07-01 $172,050 (1.8%) $209,981 (2.1%) 0.57 1,681
    2018-08-01 $171,500 (1.0%) $209,415 (1.8%) 0.57 1,718
    2018-09-01 $172,500 (1.8%) $211,601 (4.0%) 0.58 1,676
    2018-10-01 $176,475 (4.2%) $215,533 (5.3%) 0.60 1,600
    2018-11-01 $179,450 (7.5%) $215,693 (6.5%) 0.61 1,516
    2018-12-01 $175,000 (6.7%) $211,891 (5.1%) 0.60 1,398
    2019-01-01 $174,094 (8.8%) $208,185 (4.0%) 0.60 1,273
    2019-02-01 $177,000 (10.7%) $213,595 (6.1%) 0.60 1,226
    2019-03-01 $174,900 (6.7%) $210,870 (3.1%) 0.58 1,254
    2019-04-01 $178,925 (6.4%) $217,148 (5.0%) 0.57 1,291
    2019-05-01 $179,900 (6.4%) $219,003 (6.3%) 0.56 1,400
    2019-06-01 $179,900 (6.8%) $218,560 (5.7%) 0.56 1,577
    2019-07-01 $179,900 (4.6%) $216,831 (3.3%) 0.56 1,653
    2019-08-01 $184,900 (7.8%) $219,150 (4.7%) 0.58 1,683
    2019-09-01 $185,000 (7.3%) $219,643 (3.8%) 0.58 1,586
    2019-10-01 $185,450 (5.1%) $216,910 (0.6%) 0.60 1,615
    2019-11-01 $189,000 (5.3%) $223,348 (3.6%) 0.62 1,450
    2019-12-01 $185,450 (6.0%) $221,950 (4.8%) 0.62 1,290
    2020-01-01 $186,175 (6.9%) $224,759 (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 (11.5%) $232,602 (10.3%) 0.61 1,085
    2020-04-01 $199,000 (11.2%) $236,246 (8.8%) 0.62 1,009
    2020-05-01 $199,850 (11.1%) $237,010 (8.2%) 0.61 1,014
    2020-06-01 $211,375 (17.5%) $246,987 (13.0%) 0.62 964
    2020-07-01 $219,450 (22.0%) $257,046 (18.6%) 0.64 801
    2020-08-01 $225,000 (21.7%) $277,035 (26.4%) 0.64 679
    2020-09-01 $229,900 (24.3%) $290,371 (32.2%) 0.66 622
    2020-10-01 $239,999 (29.4%) $295,459 (36.2%) 0.69 600
    2020-11-01 $242,950 (28.5%) $299,936 (34.3%) 0.71 588
    2020-12-01 $252,246 (36.0%) $310,207 (39.8%) 0.75 549
    2021-01-01 $265,000 (42.3%) $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%) $349,556 (50.3%) 0.79 367
    2021-04-01 $279,450 (40.4%) $346,233 (46.6%) 0.76 414
    2021-05-01 $279,000 (39.6%) $334,593 (41.2%) 0.74 503
    2021-06-01 $279,950 (32.4%) $341,550 (38.3%) 0.74 577
    2021-07-01 $289,900 (32.1%) $355,055 (38.1%) 0.76 691
    2021-08-01 $289,900 (28.8%) $362,414 (30.8%) 0.77 739
    2021-09-01 $297,000 (29.2%) $373,819 (28.7%) 0.79 713
    2021-10-01 $295,000 (22.9%) $375,002 (26.9%) 0.79 666
    2021-11-01 $298,700 (23.0%) $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%) $414,968 (23.4%) 0.87 408
    2022-02-01 $325,950 (16.8%) $426,389 (21.8%) 0.85 349
    2022-03-01 $325,000 (16.5%) $416,794 (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%) $402,546 (20.3%) 0.80 563
    2022-06-01 $349,900 (25.0%) $399,774 (17.1%) 0.78 690
    2022-07-01 $349,450 (20.5%) $406,398 (14.5%) 0.79 842
    2022-08-01 $349,900 (20.7%) $400,513 (10.5%) 0.81 847
    2022-09-01 $347,725 (17.1%) $397,666 (6.4%) 0.81 859
    2022-10-01 $346,500 (17.5%) $393,506 (4.9%) 0.82 834
    2022-11-01 $335,250 (12.2%) $398,898 (6.1%) 0.81 780
    2022-12-01 $329,999 (10.0%) $395,676 (-0.2%) 0.81 727
    2023-01-01 $329,950 (3.1%) $395,679 (-4.7%) 0.82 643
    2023-02-01 $330,000 (1.2%) $398,376 (-6.6%) 0.80 596
    2023-03-01 $341,625 (5.1%) $404,447 (-3.0%) 0.80 557
    2023-04-01 $350,000 (4.5%) $418,751 (3.3%) 0.81 581
    East Stroudsburg's median listing price for 2023-04-01 was $350,000, a difference of $15,000 (4.5%) versus the prior year and $8,375 versus the prior month.

    East Stroudsburg's median listing price comes in at 81% of the national average.

    East Stroudsburg's average listing price for 2023-04-01 was $418,751, a difference of $13,526 (3.3%) versus the prior year and $14,304 versus the prior month.

    For the 2023-04-01 period, East Stroudsburg had 581 MLS listings, a difference of 24 listings (4%) versus the prior month and 143 listings (33%) 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
    2018-01-01 129 days 1,805 sqft
    2018-02-01 137 days 1,794 sqft
    2018-03-01 135 days 1,792 sqft
    2018-04-01 118 days 1,821 sqft
    2018-05-01 88 days 1,828 sqft
    2018-06-01 82 days 1,820 sqft
    2018-07-01 79 days 1,826 sqft
    2018-08-01 83 days 1,820 sqft
    2018-09-01 94 days 1,836 sqft
    2018-10-01 103 days 1,849 sqft
    2018-11-01 109 days 1,862 sqft
    2018-12-01 121 days 1,839 sqft
    2019-01-01 124 days 1,816 sqft
    2019-02-01 126 days 1,834 sqft
    2019-03-01 121 days 1,848 sqft
    2019-04-01 84 days 1,845 sqft
    2019-05-01 72 days 1,880 sqft
    2019-06-01 67 days 1,874 sqft
    2019-07-01 74 days 1,883 sqft
    2019-08-01 88 days 1,887 sqft
    2019-09-01 99 days 1,900 sqft
    2019-10-01 98 days 1,900 sqft
    2019-11-01 100 days 1,896 sqft
    2019-12-01 111 days 1,874 sqft
    2020-01-01 115 days 1,879 sqft
    2020-02-01 121 days 1,884 sqft
    2020-03-01 108 days 1,889 sqft
    2020-04-01 119 days 1,900 sqft
    2020-05-01 121 days 1,900 sqft
    2020-06-01 112 days 1,939 sqft
    2020-07-01 100 days 1,942 sqft
    2020-08-01 72 days 1,973 sqft
    2020-09-01 64 days 2,017 sqft
    2020-10-01 56 days 1,928 sqft
    2020-11-01 58 days 1,903 sqft
    2020-12-01 71 days 1,950 sqft
    2021-01-01 87 days 2,002 sqft
    2021-02-01 85 days 2,040 sqft
    2021-03-01 70 days 2,016 sqft
    2021-04-01 42 days 1,966 sqft
    2021-05-01 35 days 1,933 sqft
    2021-06-01 40 days 1,919 sqft
    2021-07-01 38 days 1,910 sqft
    2021-08-01 46 days 1,988 sqft
    2021-09-01 53 days 1,978 sqft
    2021-10-01 66 days 1,927 sqft
    2021-11-01 74 days 1,948 sqft
    2021-12-01 91 days 1,924 sqft
    2022-01-01 87 days 1,996 sqft
    2022-02-01 75 days 1,961 sqft
    2022-03-01 40 days 1,947 sqft
    2022-04-01 33 days 1,920 sqft
    2022-05-01 32 days 1,910 sqft
    2022-06-01 36 days 1,967 sqft
    2022-07-01 39 days 1,961 sqft
    2022-08-01 49 days 1,958 sqft
    2022-09-01 58 days 1,958 sqft
    2022-10-01 65 days 1,971 sqft
    2022-11-01 71 days 1,974 sqft
    2022-12-01 81 days 1,972 sqft
    2023-01-01 80 days 1,926 sqft
    2023-02-01 73 days 1,868 sqft
    2023-03-01 65 days 1,880 sqft
    2023-04-01 58 days 1,900 sqft
    East Stroudsburg's median listing age (time on market) for 2023-04-01 was 58 days. This is 76% longer than the same period one year ago.

    East Stroudsburg's median square footage for active listings during the 2023-04-01 period was 1,900 sqft. One year prior, the average listing was 1,920 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.