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.
October 1, 2022
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 $275,156
Based on current mortgage rates and a 10% down payment, you need to make $45,083 per year to buy the median priced home in Allentown
With this income, you could qualify for a $247,640 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 $1,044
The median household income for Allentown, PA (Lehigh County) is $70,978
Based on this income, you can afford a home valued at approximately $433,197
The home price you can afford to buy based on household income in Allentown is 157% of the median home value which means housing prices are average. Allentown (Lehigh County) ranks 62 out of 67 counties in Pennsylvania and 2,494 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
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
FHA loan limits for Allentown, PA