Allentown FHA Loan Rates, Closing Costs & Stats

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Allentown's 166 lenders originated 2,132 FHA loans during 2024. The total origination value was $568,490,000, with an average FHA loan value of $266,646.

    Allentown FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Allentown averaged 6.72% for the week of 2025-07-18, compared to the national average (all FHA variants) of 6.527% for the same period.

    Allentown's average FHA mortgage closing costs are $8,808.

    The average rate for the prior week (2025-07-11) was 7.01% and one month ago for the week of 2025-06-13, the average rate was 6.87%.

    The average rate one year ago was 6.83%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.25%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Allentown FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Allentown level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 214 6.64% $12,382
    QUICKEN LOANS, LLC 206 6.37% $12,192
    UNITED WHOLESALE MORTGAGE, LLC 110 6.19% $14,494
    NVR Mortgage Finance, Inc. 78 6.04% $13,590
    MOVEMENT MORTGAGE, LLC 77 6.69% $13,268
    PENNYMAC LOAN SERVICES, LLC 66 6.25% $10,826
    FREEDOM MORTGAGE CORPORATION 60 6.50% $12,880
    Firstrust Savings Bank 48 6.48% $9,897
    Prosperity Home Mortgage, LLC 41 6.33% $12,019
    GUILD MORTGAGE COMPANY 39 6.62% $11,089
    BROKER SOLUTIONS, INC. 38 6.82% $13,341
    NEWREZ LLC 37 6.54% $11,430
    LOANDEPOT.COM, LLC 36 6.43% $12,985
    Ixonia Bank 35 6.82% $13,201
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 33 6.64% $13,825
    CMG MORTGAGE, INC. 29 6.49% $12,024
    PLANET HOME LENDING, LLC 29 6.47% $9,996
    Mortgage America, Inc. 26 6.50% $9,522
    AMERICAN FINANCIAL NETWORK, INC. 25 6.64% $16,508
    Carrington Mortgage Services, LLC 24 6.15% $14,633
    Paramount Residential Mortgage Group, Inc. 20 6.62% $15,445
    T2 FINANCIAL LLC 20 6.59% $13,511
    CARDINAL FINANCIAL 20 6.66% $14,408
    Quaint Oak Mortgage, LLC 20 6.37% $10,852
    Mr. Cooper ( Nationstar Mortgage ) 16 6.38% $17,129
    UNION HOME MORTGAGE CORP. 15 6.99% $11,655
    SUN WEST MORTGAGE COMPANY, INC. 15 6.11% $13,301
    GUARANTEED RATE, INC. 15 6.54% $13,110
    Century Mortgage Company DBA Century Lending Company 14 6.27% $12,866
    ABSOLUTE HOME MORTGAGE CORPORATION 13 6.58% $13,012
    DHI MORTGAGE COMPANY, LTD. 13 5.80% $12,879
    MUTUAL OF OMAHA MORTGAGE, INC. 13 6.64% $14,062
    Flagstar Bank, FSB 12 6.73% $8,774
    RESIDENTIAL HOME MORTGAGE CORPORATION 12 6.52% $12,041
    MORTGAGE ACCESS CORP. 11 6.34% $12,861
    NFM, INC. 10 6.11% $20,274
    Equity Prime Mortgage LLC 10 6.71% $16,840
    AMERISAVE MORTGAGE CORPORATION 9 6.14% $15,534
    Univest Bank and Trust Co. 9 6.17% $9,444
    UNITED MORTGAGE CORP 9 6.68% $12,751
    PLAZA HOME MORTGAGE, INC. 9 6.68% $16,108
    Fulton Bank 9 5.97% $9,968
    LAKEVIEW LOAN SERVICING, LLC 8 6.42% $9,666
    NJ LENDERS CORP. 8 6.50% $13,369
    SUCCESS MORTGAGE PARTNERS, INC. 8 6.23% $14,522
    FIRST HERITAGE FINANCIAL, LLC 8 6.17% $9,132
    V.I.P. MORTGAGE, INC. 8 6.59% $8,887
    AmeriHome Mortgage Company, LLC 8 6.62% $7,681
    Keystone Funding, Inc. 8 6.56% $11,339
    EMBRACE HOME LOANS, INC. 8 6.44% $12,512
    EAGLE HOME MORTGAGE, LLC 7 4.69% $11,693
    BOND STREET MORTGAGE, LLC 7 6.46% $11,925
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.61% $11,601
    The Federal Savings Bank 7 6.14% $14,658
    ALLIED MORTGAGE GROUP, INC. 7 6.11% $16,201
    Lakeview Community Capital, LLC 7 6.48% $9,047
    LOANPAL, LLC 7 5.61% $9,606
    JMAC LENDING, INC. 6 6.13% $13,664
    AMERICAN FINANCING CORPORATION 6 6.06% $17,164
    NATIONWIDE MORTGAGE BANKERS, INC. 6 6.52% $18,386
    Advisors Mortgage Group, L.L.C. 6 6.69% $10,539
    EMM LOANS LLC 6 6.27% $14,452
    VILLAGE CAPITAL MORTGAGE 6 6.79% $5,469
    MLD MORTGAGE INC. 5 6.60% $9,938
    Acre Mortgage and Financial Inc 5 6.92% $21,871
    Mortgage Research Center, LLC 5 6.75% $6,610
    HOMESIDE FINANCIAL, LLC 5 6.38% $15,535
    Plains Commerce Bank 5 6.45% $12,040
    Bank of America 4 6.09% $4,971
    Nations Lending Corporation 4 6.41% $11,244
    RELIANCE FIRST CAPITAL, LLC 4 6.53% $16,014
    NBKC BANK 4 6.22% $10,222
    M&T Bank 4 5.97% $6,600
    FIRST COLONY MORTGAGE CORPORATION 4 6.44% $14,036
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.50% $12,831
    MILEND, INC. 4 6.31% $16,007
    1ST 2ND MORTGAGE COMPANY OF N.J., INC. 3 6.33% $17,437
    CLIFFCO, INC. 3 7.00% $16,321
    CONTOUR MORTGAGE CORPORATION 3 6.54% $12,966
    Cornerstone First Mortgage, Inc 3 6.83% $11,428
    East Coast Capital Corp. 3 6.46% $15,346
    EVERETT FINANCIAL, INC. 3 7.00% $20,926
    KeyBank 3 5.79% $9,442
    MDE Home Loans, LLC 3 6.13% $15,682
    MID AMERICA MORTGAGE, INC. 3 7.13% $11,464
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.50% $9,091
    NATIONS DIRECT MORTGAGE, LLC 3 6.88% $19,823
    PANORAMA MORTGAGE GROUP, LLC 3 6.88% $17,593
    Princeton Mortgage Corporation 3 7.04% $12,289
    The Loan Store, Inc. 3 5.83% $13,099
    Truist 3 6.57% $7,747
    UNITED 3 6.38% $9,260
    AFFORDABLE MORTGAGE ADVISORS, LLC. 2 7.25% $11,726
    MILLENIUM HOME MORTGAGE, LLC 2 6.00% $14,476
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.19% $18,417
    GREENWAY MORTGAGE FUNDING CORP. 2 6.50% $14,005
    NATION ONE MORTGAGE CORPORATION 2 6.88% $11,866
    Flanagan State Bank 2 6.75% $7,021
    NEW DAY FINANCIAL, LLC 2 7.87% $4,082
    FIRST HOME MORTGAGE CORPORATION 2 6.75% $11,224
    NORWICH COMMERCIAL GROUP, INC. 2 6.75% $13,323
    First Citizens Community Bank 2 6.44% $11,210
    OceanFirst Bank 2 6.00% $12,419
    OCMBC, INC. 2 7.13% $18,900
    EQUITY RESOURCES, INC. 2 7.00% $7,484
    PNC Bank 2 6.63% $9,150
    POLARIS HOME FUNDING CORP. 2 6.13% $15,025
    City Lending Inc. 2 7.06% $17,023
    CHURCHILL MORTGAGE CORPORATION 2 6.13% $16,087
    ROYAL UNITED MORTGAGE LLC 2 6.44% $8,178
    Semper Home Loans, Inc. 2 6.88% $10,416
    BETTER MORTGAGE CORPORATION 2 6.50% $9,463
    BAY EQUITY LLC 2 6.56% $9,020
    Barrington Bank & Trust Company, N.A. 2 6.00% $9,448
    TD Bank 2 6.63% $6,372
    TOP FLITE FINANCIAL, INC. 2 7.00% $26,823
    Wells Fargo Bank 2 6.81% $7,572
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.88% $10,486
    Alcova Mortgage LLC 2 7.06% $7,033
    JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 2 6.69% $11,545
    OPEN MORTGAGE, LLC 1 7.75% $19,796
    1ST PRIORITY MORTGAGE, INC. 1 6.25% $12,807
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 5.50% $20,708
    Fifth Third Bank 1 6.13% $8,231
    PHH Mortgage Corporation 1 6.63% $17,198
    FIDELITY DIRECT MORTGAGE, LLC 1 5.75% $8,404
    MEMBER FIRST MORTGAGE, LLC 1 6.88% $5,712
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.63% $8,525
    TOWNE MORTGAGE COMPANY 1 5.25% $11,811
    MEMBERS 1ST FEDERAL CREDIT UNION 1 6.00% $9,394
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $10,520
    1st Colonial Community Bank 1 6.38% $9,505
    Meridian Bank Corporation 1 7.38% $11,087
    Provident Bank 1 6.63% $10,839
    Citizens Bank 1 5.88% $6,757
    CIBM Bank 1 7.13% $11,321
    ZILLOW HOME LOANS, LLC 1 6.25% $13,183
    Capital Bank 1 6.99% $14,235
    United Bank 1 5.75% $11,652
    MICHIGAN MUTUAL, INC. 1 6.75% $9,681
    MLB RESIDENTIAL LENDING, LLC 1 7.75% $17,448
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.50% $9,097
    Hometown Equity Mortgage, LLC 1 5.25% $14,459
    HOMESTEAD FUNDING CORP. 1 6.50% $8,307
    STOCKTON MORTGAGE CORPORATION 1 6.75% $13,336
    U.S. Bank 1 6.00% $11,545
    HARTFORD FUNDING, LTD. 1 5.75% $24,017
    GUARANTEED RATE AFFINITY, LLC 1 5.75% $9,812
    JPMorgan Chase Bank 1 7.25% $8,151
    GREENTREE MORTGAGE COMPANY, L.P. 1 7.00% $14,794
    MY MORTGAGE, INC. 1 6.75% $24,359
    Magnolia Bank 1 6.13% $14,632
    VERITAS FUNDING, LLC 1 6.50% $14,013
    GENEVA FINANCIAL, LLC 1 6.63% $21,414
    Gateway First Bank 1 6.63% $8,040
    SWBC MORTGAGE CORPORATION 1 6.63% $4,448
    NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $24,922
    AHL FUNDING 1 6.63% $13,032
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 7.25% $12,275
    First Federal Bank 1 5.75% $8,493
    FIRST COMMUNITY MORTGAGE, INC. 1 7.63% $14,479
    NMSI, INC. 1 6.25% $11,900
    Texana Bank 1 5.75% $9,438
    Arvest Bank 1 6.50% $9,116
    Waterstone Mortgage Corporation 1 7.25% $11,776
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.50% $15,608

    The top Allentown FHA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 214 FHA loans originated. Their average total fees are $12,382, which is $190 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Allentown FHA lenders (with over 10 loans originated) are Flagstar Bank, FSB ($8,774), Mortgage America, Inc. ($9,522), Firstrust Savings Bank ($9,897), PLANET HOME LENDING, LLC ($9,996) and PENNYMAC LOAN SERVICES, LLC ($10,826).

    The lowest rate Allentown FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.80%), NVR Mortgage Finance, Inc. (6.04%), SUN WEST MORTGAGE COMPANY, INC. (6.11%), NFM, INC. (6.11%) and Carrington Mortgage Services, LLC (6.15%).

    Allentown FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ WARREN 2022 $420,680 $538,650 $651,050 $809,150
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ CARBON 2022 $420,680 $538,650 $651,050 $809,150
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ LEHIGH 2022 $420,680 $538,650 $651,050 $809,150
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ NORTHAMPTON 2022 $420,680 $538,650 $651,050 $809,150
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ WARREN 2023 $472,030 $604,400 $730,525 $907,900
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ CARBON 2023 $472,030 $604,400 $730,525 $907,900
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ LEHIGH 2023 $472,030 $604,400 $730,525 $907,900
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ NORTHAMPTON 2023 $472,030 $604,400 $730,525 $907,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).