Mid Penn Bank Mortgage Rates, Fees & Info

Millersburg, PA

LEI: 254900L0MIAM922ZEC34

Tax ID: 23-0880270

3.7 stars - Updated: 3/17/24 - out of 5 stars, based on 38 reviews

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

Jump to:

Mortgage Data

Review & Overview

Mid Penn Bank is a smaller bank specializing in Home Purchase and Refi loans. Mid Penn Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Harrisburg, Lebanon, Lancaster, and Pottsville among others. We have data for 48 markets. (Some data included below & more in-depth data is available with an active subscription.)

Mid Penn 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. Mid Penn Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 3/17/24
30 Year Conventional Purchase 6.63% 3/17/24
30 Year Conventional Refi 6.62% 3/17/24
30 Year Cash-out Refi 6.62% 3/17/24
30 Year FHA Purchase 7.72% 3/17/24
30 Year VA Purchase 6.28% 3/17/24
30 Year USDA Purchase 6.81% 3/17/24
15 Year Conventional Purchase 6.18% 3/17/24
15 Year Conventional Refi 6.22% 3/17/24
15 Year Cash-out Refi 6.22% 3/17/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Mid Penn Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Mid Penn Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,457

Origination Dollar Volume (All Markets)

$368,945,000

Awards

Mid Penn Bank 30 Year Conventional Loans silver Mid Penn Bank 30 Year Conventional Loans bronze Mid Penn Bank 30 Year Conventional Loans silver Mid Penn Bank 30 Year Conventional Loans bronze
Show all (4) awards

Relative Rate

Mid Penn Bank's average 30 year fixed mortgage rate was 5.03%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.27%.

Relative Fees (Closing Costs)

Mid Penn Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,984.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 364 $119,670,000 $328,764 $7,253 4.92%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 373 $76,185,000 $204,249 $4,060 4.81%
LEBANON, PA (FHA|USDA|VA) 16 $24,750,000 $1,546,875 $4,816 4.51%
LANCASTER, PA (FHA|USDA|VA) 106 $20,910,000 $197,264 $5,741 4.65%
Pottsville, PA (FHA|USDA|VA) 175 $19,365,000 $110,657 $1,151 4.86%
YORK-HANOVER, PA (FHA|USDA|VA) 51 $14,795,000 $290,098 $7,083 4.74%
READING, PA (FHA|USDA|VA) 74 $13,550,000 $183,108 $4,112 4.61%
OCEAN CITY, NJ (FHA|USDA|VA) 10 $8,800,000 $880,000 $5,513 4.87%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 12 $7,550,000 $629,167 $4,044 4.80%
MORGANTOWN, WV (FHA|USDA|VA) 1 $7,005,000 $7,005,000 $0 3.50%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 7 $6,365,000 $909,286 $5,210 4.44%
SALISBURY, MD-DE (FHA|USDA|VA) 13 $5,325,000 $409,615 $8,560 4.91%
PITTSBURGH, PA (FHA|USDA|VA) 52 $5,250,000 $100,962 $1,802 4.98%
DuBois, PA (FHA|USDA|VA) 49 $4,915,000 $100,306 $1,196 4.83%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 33 $4,865,000 $147,424 $4,452 4.75%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $3,470,000 $1,735,000 $9,534 4.00%
Outside of Metro Areas 16 $2,770,000 $173,125 $3,879 4.57%
Key West, FL (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $0 4.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $2,185,000 $437,000 $6,787 4.48%
Sunbury, PA (FHA|USDA|VA) 21 $2,105,000 $100,238 $3,285 5.41%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $1,845,000 $615,000 $16,789 6.04%
WILLIAMSPORT, PA (FHA|USDA|VA) 10 $1,830,000 $183,000 $0 6.12%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,725,000 $575,000 $5,552 4.75%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $1,695,000 $1,695,000 $14,848 4.75%
Lewisburg, PA (FHA|USDA|VA) 5 $1,185,000 $237,000 $3,279 5.91%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $965,000 $965,000 $0 4.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $960,000 $480,000 $8,193 6.56%
Huntingdon, PA (FHA|USDA|VA) 13 $745,000 $57,308 $0 5.44%
GETTYSBURG, PA (FHA|USDA|VA) 4 $520,000 $130,000 $0 4.63%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $505,000 $505,000 $4,235 4.75%
COLUMBUS, OH (FHA|USDA|VA) 1 $495,000 $495,000 $4,469 4.50%
STATE COLLEGE, PA (FHA|USDA|VA) 4 $480,000 $120,000 $0 5.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $470,000 $235,000 $3,374 5.00%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 3 $405,000 $135,000 $6,878 4.08%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $355,000 $355,000 $13,200 3.50%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 2 $310,000 $155,000 $0 4.75%
Lock Haven, PA (FHA|USDA|VA) 2 $290,000 $145,000 $0 4.35%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $275,000 $275,000 $4,722 4.25%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.75%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.99%
Wooster, OH (FHA|USDA|VA) 1 $195,000 $195,000 $5,529 5.50%
Selinsgrove, PA (FHA|USDA|VA) 2 $170,000 $85,000 $0 6.24%
ALTOONA, PA (FHA|USDA|VA) 6 $160,000 $26,667 $0 4.49%
Sayre, PA (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.49%
New Castle, PA (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.24%
St. Marys, PA (FHA|USDA|VA) 2 $130,000 $65,000 $0 3.73%
Lewistown, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.50%
Warren, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.95%
Mid Penn Bank's top markets include Philadelphia, Harrisburg, Lebanon, Lancaster, and Pottsville among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Mid Penn Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    POINT BREEZE
    Similarity Rank: 63
    BELLCO
    Similarity Rank: 88
    TRI BORO
    Similarity Rank: 208
    The Honesdale National Bank
    Similarity Rank: 250
    First Citizens Community Bank
    Similarity Rank: 250
    CROSS VALLEY FEDERAL CREDIT UNION
    Similarity Rank: 318
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 322
    Louviers Federal Credit Union
    Similarity Rank: 328
    Farmers & Merchants Savings Bank
    Similarity Rank: 384
    Discovery Federal Credit Union
    Similarity Rank: 440

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 850 $284,400,000 $334,588 $4,708 4.83%
    HELOC 559 $72,935,000 $130,474 n/a 4.86%
    FHA 41 $9,295,000 $226,707 $10,393 5.02%
    VA 5 $1,945,000 $389,000 $12,316 5.47%
    USDA 2 $370,000 $185,000 $7,157 3.06%

    For 2022, Mid Penn Bank's most frequently originated type of loan was Conventional, with 850 originations. Their 2nd most popular type was HELOC, with 559 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 712 $248,770,000 $349,396 $6,885 4.95%
    Refi 325 $74,345,000 $228,754 $2,068 4.71%
    Home Improvement 208 $18,960,000 $91,154 $118 4.81%
    Other 177 $14,165,000 $80,028 $9 4.79%
    Cash Out Refi 35 $12,705,000 $363,000 $5,950 4.59%

    For 2022, Mid Penn Bank's most frequently cited loan purpose was Home Purchase, with 712 originations. The 2nd most popular reason was Refi, with 325 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 585 $118,395,000 $202,385 $327 4.83%
    30 Year 450 $146,210,000 $324,911 $6,984 5.03%
    20 Year 141 $47,145,000 $334,362 $598 4.61%
    15 Year 100 $14,290,000 $142,900 $2,018 4.86%
    10 Year 81 $22,415,000 $276,728 $328 4.62%
    5 Year 54 $6,770,000 $125,370 $125 4.09%
    1 Year 35 $4,315,000 $123,286 $0 5.28%
    30+ year 8 $4,190,000 $523,750 $8,826 5.63%
    3 Year 3 $5,215,000 $1,738,333 $0 4.67%

    For 2022, Mid Penn Bank's most frequently cited loan duration was Other, with 585 originations. The 2nd most popular length was 30 Year, with 450 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 463 $145,205,000 $313,618
    $<1k 174 $11,280,000 $64,828
    $3k-4k 11 $3,445,000 $313,182
    $2k-3k 7 $1,515,000 $216,429
    $5k+ 3 $3,175,000 $1,058,333
    $4k-5k 1 $295,000 $295,000

    Mid Penn Bank's average total fees were $6,984, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 463 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 468 $118,760,000 $253,761
    4-5% 375 $119,745,000 $319,320
    5-6% 340 $79,930,000 $235,088
    6-7% 205 $37,675,000 $183,780
    7-8% 47 $6,965,000 $148,191
    2.5-3% 18 $5,140,000 $285,556
    Over 8% 3 $245,000 $81,667
    <2.5% 1 $485,000 $485,000

    During 2022, Mid Penn Bank's average interest rate for loans was 5.03%, while their most frequently originated rate bucket for loans was 3-4%, with 468 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 503 $24,925,000 $49,553 $550 4.83%
    $200k-400k 388 $106,660,000 $274,897 $7,058 4.83%
    $100k-200k 379 $54,755,000 $144,472 $4,719 4.95%
    $400k-600k 113 $54,205,000 $479,690 $8,082 4.80%
    $600k-1MM 38 $27,260,000 $717,368 $8,249 4.55%
    $1MM+ 36 $101,140,000 $2,809,444 $13,211 4.51%

    2022 saw Mid Penn Bank place emphasis on $100,000 or less loans with 503 originations, totaling $24,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 267 $56,405,000 $211,255 $6,185 4.87%
    $50k-75k 241 $29,405,000 $122,012 $4,279 4.94%
    $150k-250k 224 $59,660,000 $266,339 $6,322 4.92%
    $75k-100k 198 $34,400,000 $173,737 $4,994 4.80%
    $50k or less 186 $15,240,000 $81,935 $2,870 4.82%
    $250k+ 121 $49,745,000 $411,116 $7,062 4.75%

    Mid Penn Bank lent most frequently to those with incomes in the $100k-150k range, with 267 originations. The second most popular income band? $50k-75k, with 241 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 288 $49,180,000 $170,764 $3,966 4.78%
    30-36% 251 $50,225,000 $200,100 $5,362 4.91%
    <20% 140 $25,710,000 $183,643 $3,355 4.63%
    42% 56 $10,920,000 $195,000 $4,742 4.88%
    36% 47 $8,755,000 $186,277 $6,114 4.86%
    43% 43 $11,495,000 $267,326 $6,868 4.91%
    38% 42 $6,840,000 $162,857 $4,208 4.79%
    37% 41 $8,885,000 $216,707 $5,931 5.36%
    40% 40 $6,040,000 $151,000 $4,961 5.05%
    39% 38 $5,490,000 $144,474 $3,809 4.84%
    44% 36 $6,420,000 $178,333 $6,238 5.02%
    50-60% 32 $7,870,000 $245,938 $11,489 4.99%
    41% 30 $5,110,000 $170,333 $5,203 4.89%
    46% 26 $5,960,000 $229,231 $6,660 4.71%
    45% 26 $4,840,000 $186,154 $7,113 4.73%
    49% 21 $5,365,000 $255,476 $6,303 5.35%
    48% 20 $5,240,000 $262,000 $8,041 5.18%
    47% 20 $5,660,000 $283,000 $5,930 4.52%
    >60% 11 $4,835,000 $439,545 $8,362 5.73%

    Mid Penn Bank lent most frequently to those with DTI ratios of 20-30%, with 288 originations. The next most common DTI ratio? 30-36%, with 251 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,011 $191,125,000 $189,045 $4,832 4.83%
    Not applicable 160 $115,580,000 $722,375 $0 4.78%
    Not provided 217 $45,495,000 $209,654 $6,088 4.97%
    Asian 30 $8,080,000 $269,333 $6,357 4.68%
    Black 31 $7,065,000 $227,903 $7,270 5.01%
    American Indian 3 $665,000 $221,667 $7,194 5.54%
    Asian Indian 1 $375,000 $375,000 $5,104 5.88%
    Other Asian 2 $370,000 $185,000 $4,919 5.68%
    Korean 1 $165,000 $165,000 $5,382 3.25%
    Vietnamese 1 $25,000 $25,000 $0 4.75%

    Approval Rates

    Total approvals of all applications
    87.85%

    Mid Penn Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.42%

    Mid Penn Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,457 $368,945,000 $253,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,457 $368,945,000 $253,222

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 248 $29,710,000 $119,798 $1,034 4.81%
    40-60% 169 $41,845,000 $247,604 $3,447 4.76%
    60-80% 435 $170,775,000 $392,586 $5,837 4.83%
    80-100% 369 $109,735,000 $297,385 $7,174 5.05%
    Over 100% 3 $3,875,000 $1,291,667 $7,893 4.62%
    Under 20% 233 $13,005,000 $55,815 $109 4.66%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    M&T BANK CORPORATION Conventional home mortgage Struggling to pay mortgage 1 33.3%
    M&T BANK CORPORATION Conventional home mortgage Trouble during payment process 1 33.3%
    M&T BANK CORPORATION FHA mortgage Struggling to pay mortgage 1 33.3%