Elderton State Bank Mortgage Rates, Fees & Info

Elderton, PA

LEI: 254900FK0S1L00V2UL14

Tax ID: 25-0459150

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Elderton State Bank is a smaller bank specializing in Home Purchase and Refi loans. Elderton State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Indiana, New Castle, Johnstown, and Bradford among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Elderton State Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    123

    Origination Dollar Volume (All Markets)

    $20,275,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    PITTSBURGH, PA (FHA|USDA|VA) 69 $11,415,000 $165,435 $0 0.00%
    Indiana, PA (FHA|USDA|VA) 42 $6,240,000 $148,571 $0 0.00%
    Outside of Metro Areas 6 $1,210,000 $201,667 $0 0.00%
    New Castle, PA (FHA|USDA|VA) 2 $650,000 $325,000 $0 0.00%
    JOHNSTOWN, PA (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
    Bradford, PA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    DuBois, PA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Elderton State Bank's top markets include Pittsburgh, Indiana, New Castle, Johnstown, and Bradford among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 123 $20,275,000 $164,837 $0 0.00%

    For 2023, Elderton State Bank's most frequently originated type of loan was Conventional, with 123 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 79 $13,685,000 $173,228 $0 0.00%
    Refi 20 $4,700,000 $235,000 $0 0.00%
    Other 14 $1,340,000 $95,714 $0 0.00%
    Home Improvement 10 $550,000 $55,000 $0 0.00%

    For 2023, Elderton State Bank's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 123 $20,275,000 $164,837 $0 0.00%

    For 2023, Elderton State Bank's most frequently cited loan duration was Other, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $3,235,000 $54,831 $0 0.00%
    $100k-200k 28 $4,000,000 $142,857 $0 0.00%
    $200k-400k 28 $7,360,000 $262,857 $0 0.00%
    $600k-1MM 4 $3,100,000 $775,000 $0 0.00%
    $400k-600k 3 $1,375,000 $458,333 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%

    2023 saw Elderton State Bank place emphasis on $100,000 or less loans with 59 originations, totaling $3,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 27 $4,065,000 $150,556 $0 0.00%
    $150k-250k 19 $4,295,000 $226,053 $0 0.00%
    $250k+ 13 $3,505,000 $269,615 $0 0.00%
    $50k-75k 13 $1,065,000 $81,923 $0 0.00%
    $50k or less 11 $905,000 $82,273 $0 0.00%
    $75k-100k 11 $1,325,000 $120,455 $0 0.00%

    Elderton State Bank lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $150k-250k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 123 $20,275,000 $164,837 $0 0.00%

    Elderton State Bank lent most frequently to those with DTI ratios of Exempt%, with 123 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 91 $14,825,000 $162,912 $0 0.00%
    Not applicable 26 $4,600,000 $176,923 $0 0.00%
    Not provided 5 $535,000 $107,000 $0 0.00%
    Asian 1 $315,000 $315,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.42%

    Elderton State Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    89.43%

    Elderton State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 123 $20,275,000 $164,837

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    123 $20,275,000 $164,837