East Stroudsburg VA Loans

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 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.