Compare Current Allentown, Pennsylvania Mortgage Rates

Compare Allentown, PA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Allentown.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Allentown. Plus, shopping lenders is free and there is no obligation.

Allentown, PA Mortgage Rates as of June 12, 2024
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Allentown, PA Mortgage Rates

June 12, 2024

Current mortgage rates in Allentown, PA are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Allentown, PA Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Allentown, Pennsylvania?

Below we provide helpful information on the real estate market, home prices and housing affordability in Allentown. Understand how much you need to earn to afford a home in Allentown, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Allentown fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Allentown is right for you.

The median home value for Allentown, PA (Lehigh County) is $286,089

Based on current mortgage rates and a 10% down payment, you need to make $59,683 per year to buy the median priced home in Allentown

With this income, you could qualify for a $257,480 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Allentown is $1,382

The median household income for Allentown, PA (Lehigh County) is $69,742

Based on this income, you can afford a home valued at approximately $334,306

The home price you can afford to buy based on household income in Allentown is 117% of the median home value which means housing prices are average. Allentown (Lehigh County) ranks 63 out of 67 counties in Pennsylvania and 2,561 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Allentown, PA is average


Loan Limits for Allentown, Pennsylvania

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Allentown (Lehigh County) below.

Conforming loan limits for Allentown, PA

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Allentown, PA

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Allentown, PA

1 unit: $726,200

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