Compare mortgage rates and fees for leading lenders in Allentown, PA. 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 lender offering the best mortgage rates in Allentown.
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October 23, 2019
The current average rate for a 30 year fixed rate mortgage in Allentown is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
The median home value for Allentown, PA (Lehigh County) is $224,823
The median household income for Allentown, PA (Lehigh County) is $61,954
Based on current mortgage rates and a 10% down payment, you need to make $41,712 per year to buy the median priced home in Allentown
The home price you can afford to buy based on household income in Allentown is 149% of the median home value which means housing prices are average
Allentown (Lehigh County) ranks 62 out of 67 counties in Pennsylvania and 2,569 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
VA loan limits for Allentown, PA
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index