Today's Pennsylvania (PA) Mortgage Rates

Pennsylvania (PA) Mortgage Rates & Mortgage Loan Data – Prior Year

Mortgage Actions Taken

Loan originated: 2,932,089
Application denied by financial institution: 1,172,307
Loan purchased by the institution: 879,788
Application withdrawn by applicant: 515,105
Application approved but not accepted: 286,832
File closed for incompleteness: 165,209
Preapproval request denied by financial institution: 404
Preapproval request approved but not accepted: 40

Purpose of Loans

Refinancing: 3,433,747
Home purchase: 1,852,413
Home improvement: 665,614

Mortgage Types

Conventional: 4,727,364
FHA-insured: 1,001,870
VA-guaranteed: 161,194
FSA/RHS-guaranteed: 61,346

Mortage Actions by Applicant Race

White: 4,372,011
Information not provided by applicant in mail, Internet, or telephone application: 676,206
Not applicable: 414,521
Black or African American: 320,494
Asian: 140,446
American Indian or Alaska Native: 16,138
Native Hawaiian or Other Pacific Islander: 11,958

Mortage Actions by Applicant Ethnicity

Not Hispanic or Latino: 4,709,188
Information not provided by applicant in mail, Internet, or telephone application: 656,881
Not applicable: 415,655
Hispanic or Latino: 170,050

Mortage Actions by Applicant Sex

Male: 3,596,482
Female: 1,571,578
Not applicable: 414,641
Information not provided by applicant in mail, Internet, or telephone application: 369,073

Mortage Actions by Agency Name

Department of Housing and Urban Development: 1,451,891
Office of the Comptroller of the Currency: 1,394,045
Consumer Financial Protection Bureau: 1,230,806
Federal Deposit Insurance Corporation: 640,942
Federal Reserve System: 456,186
National Credit Union Administration: 396,451
Office of Thrift Supervision: 381,453

Mortage Actions by County

Philadelphia County: 663,262
Allegheny County: 535,523
Montgomery County: 472,815
Bucks County: 375,880
Chester County: 314,556
Delaware County: 290,736
York County: 243,908
Lancaster County: 233,735
Berks County: 194,975
Lehigh County: 179,512
Westmoreland County: 159,231
Northampton County: 158,337
Cumberland County: 137,142
Dauphin County: 136,779
Luzerne County: 123,647
Erie County: 102,497
Monroe County: 101,826
Washington County: 96,883
Butler County: 96,667
Lackawanna County: 86,682
Beaver County: 72,966
Franklin County: 70,883
Lebanon County: 64,627
Centre County: 58,253
Adams County: 55,533
Cambria County: 51,190
Blair County: 50,407
Schuylkill County: 48,428
Lycoming County: 45,483
Pike County: 45,128
Fayette County: 44,638
Mercer County: 42,023
Carbon County: 37,466
Lawrence County: 33,554
Crawford County: 30,473
Somerset County: 30,066
Wayne County: 28,451
Clearfield County: 27,936
Northumberland County: 27,870
Perry County: 25,300
Columbia County: 24,665
Indiana County: 24,462
Armstrong County: 24,194
Unknown: 22,061
Bedford County: 20,118
Bradford County: 19,627
Susquehanna County: 16,413
Venango County: 16,082
Mifflin County: 14,957
Clinton County: 14,507
Huntingdon County: 14,187
Jefferson County: 13,286
Warren County: 13,017
Tioga County: 12,542
Union County: 12,529
Greene County: 12,066
Wyoming County: 11,604
Elk County: 9,987
Snyder County: 9,910
McKean County: 9,417
Clarion County: 9,093
Juniata County: 8,097
Montour County: 7,355
Fulton County: 5,568
Potter County: 5,407
Sullivan County: 2,594
Forest County: 1,436
Cameron County: 1,325

Mortage Actions by City

Philadelphia – PA: 1,948,131
Pittsburgh – PA: 1,029,750
Unknown: 738,020
Allentown, Bethlehem, Easton – PA, NJ: 375,151
Harrisburg, Carlisle – PA: 299,003
York, Hanover – PA: 243,843
Lancaster – PA: 233,606
Reading – PA: 194,918
Scranton, Wilkes-Barre – PA: 188,668
Montgomery County, Bucks County, Chester County – PA: 167,742
Erie – PA: 102,441
Lebanon – PA: 64,594
State College – PA: 58,225
Johnstown – PA: 51,131
Altoona – PA: 50,358
Williamsport – PA: 45,463
Youngstown, Warren, Boardman – OH, PA: 42,004
Newark, Union – NJ, PA: 38,640
Scranton, Wilkes-Barre, Hazleton – PA: 33,181
East Stroudsburg – PA: 14,966
Chambersburg, Waynesboro – PA: 11,485
Gettysburg – PA: 8,705
Newark – NJ, PA: 6,453
Bloomsburg, Berwick – PA: 5,296

Mortage Denial Reasons

Unknown: 5,157,130
Credit history: 244,129
Collateral: 172,556
Debt-to-income ratio: 165,834
Credit application incomplete: 77,434
Other: 75,347
Unverifiable information: 24,944
Insufficient cash (downpayment, closing costs): 23,434
Employment history: 9,578
Mortgage insurance denied: 1,388

HOEPA Status of Mortage Loans

Not a HOEPA loan: 5,949,939
HOEPA loan: 1,835

Lien Status of Mortage Loans

Secured by a first lien: 4,375,890
Not applicable: 879,788
Secured by a subordinate lien: 518,742
Not secured by a lien: 177,354

Owner Occupancy Status of Mortage Loans

Owner-occupied as a principal dwelling: 5,523,144
Not owner-occupied as a principal dwelling: 394,393
Not applicable: 34,237

Mortgages by Property Type

One-to-four family dwelling (other than manufactured housing): 5,850,479
Manufactured housing: 86,170
Multifamily dwelling: 15,125

Mortgages by Purchaser Type

Loan was not originated or was not sold in calendar year covered by register: 3,474,495
Fannie Mae (FNMA): 714,881
Freddie Mac (FHLMC): 433,182
Ginnie Mae (GNMA): 398,167
Affiliate institution: 260,753
Commercial bank, savings bank or savings association: 244,847
Other type of purchaser: 242,132
Life insurance company, credit union, mortgage bank, or finance company: 157,398
Private securitization: 25,868
Farmer Mac (FAMC): 51