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 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 0.38% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.79% and one month ago for the week of 2024-10-11, the average rate was 6.16%.

    The average rate one year ago was 7.75%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.23%.

    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
    2024-04-01 $349,900 (0.0%) $401,727 (-4.1%) 0.81 748
    2024-05-01 $354,500 (1.3%) $411,607 (-2.7%) 0.80 816
    2024-06-01 $359,900 (1.7%) $413,531 (-0.8%) 0.81 916
    2024-07-01 $350,000 (-2.5%) $417,286 (0.8%) 0.80 1,014
    2024-08-01 $355,000 (-1.3%) $419,962 (-1.1%) 0.83 1,023
    2024-09-01 $359,900 (0.0%) $416,808 (-1.7%) 0.85 1,012
    2024-10-01 $360,000 (1.4%) $415,783 (-0.7%) 0.85 1,022
    East Stroudsburg's median listing price for 2024-10-01 was $360,000, a difference of $5,000 (1.4%) versus the prior year and $100 versus the prior month.

    East Stroudsburg's median listing price comes in at 85% of the national average.

    East Stroudsburg's average listing price for 2024-10-01 was $415,783, a difference of $-2,792 (-0.7%) versus the prior year and $-1,025 versus the prior month.

    For the 2024-10-01 period, East Stroudsburg had 1,022 MLS listings, a difference of 10 listings (1%) versus the prior month and 193 listings (23%) 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
    2024-04-01 54 days 1,913 sqft
    2024-05-01 51 days 1,925 sqft
    2024-06-01 51 days 1,961 sqft
    2024-07-01 54 days 1,930 sqft
    2024-08-01 60 days 1,944 sqft
    2024-09-01 67 days 1,929 sqft
    2024-10-01 70 days 1,924 sqft
    East Stroudsburg's median listing age (time on market) for 2024-10-01 was 70 days. This is 21% longer than the same period one year ago.

    East Stroudsburg's median square footage for active listings during the 2024-10-01 period was 1,924 sqft. One year prior, the average listing was 1,930 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.