Mid Penn Bank Mortgage Rates, Fees & Info
Millersburg, PALEI: 254900L0MIAM922ZEC34
Tax ID: 23-0880270
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Mortgage Data
Review & Overview
Mid Penn Bank is a smaller bank specializing in Home Purchase loans. Mid Penn Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Philadelphia, New York, Harrisburg, Lancaster, and Pottsville among others. We have data for 42 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 a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.55% | 4/5/25 |
| 30 Year Conventional Purchase | 6.91% | 4/5/25 |
| 30 Year Conventional Refi | 6.71% | 4/5/25 |
| 30 Year Cash-out Refi | 7.12% | 4/5/25 |
| 30 Year FHA Purchase | 7.12% | 4/5/25 |
| 30 Year VA Purchase | 6.41% | 4/5/25 |
| 15 Year Conventional Purchase | 5.79% | 4/5/25 |
| 15 Year Conventional Refi | 8.71% | 4/5/25 |
| 15 Year Cash-out Refi | 8.71% | 4/5/25 |
| 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
769Origination Dollar Volume (All Markets)
$218,235,000Awards
Mid Penn Bank - 2024
Mid Penn Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Mid Penn Bank's average 30 year fixed mortgage rate was
6.68%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.13%.
Relative Fees (Closing Costs)
Mid Penn Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,118.
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 $8,356.
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) | 231 | $80,535,000 | $348,636 | $7,494 | 7.15% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 39 | $36,115,000 | $926,026 | $7,113 | 7.02% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 160 | $32,110,000 | $200,688 | $5,183 | 8.06% |
| LANCASTER, PA (FHA|USDA|VA) | 45 | $13,855,000 | $307,889 | $9,806 | 7.86% |
| Pottsville, PA (FHA|USDA|VA) | 88 | $10,910,000 | $123,977 | $3,453 | 8.16% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 6 | $7,280,000 | $1,213,333 | $21,216 | 8.30% |
| READING, PA (FHA|USDA|VA) | 32 | $5,520,000 | $172,500 | $5,223 | 8.36% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 22 | $5,130,000 | $233,182 | $4,571 | 7.93% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 19 | $3,105,000 | $163,421 | $4,211 | 8.24% |
| DuBois, PA (FHA|USDA|VA) | 31 | $2,695,000 | $86,935 | $741 | 8.39% |
| PITTSBURGH, PA (FHA|USDA|VA) | 25 | $2,065,000 | $82,600 | $1,842 | 8.31% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $10,982 | 7.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $1,565,000 | $1,565,000 | $0 | 7.99% |
| Outside of Metro Areas | 7 | $1,455,000 | $207,857 | $5,193 | 7.41% |
| LEBANON, PA (FHA|USDA|VA) | 7 | $1,405,000 | $200,714 | $5,244 | 7.44% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $8,272 | 7.32% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $4,086 | 7.47% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $7,609 | 7.56% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $4,752 | 6.66% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $8,107 | 7.50% |
| Lewistown, PA (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $3,573 | 7.34% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 6.50% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $6,724 | 6.50% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $5,331 | 6.81% |
| ERIE, PA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,511 | 7.26% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $9,465 | 7.38% |
| Huntingdon, PA (FHA|USDA|VA) | 8 | $380,000 | $47,500 | $1,017 | 7.94% |
| ALTOONA, PA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $4,446 | 7.75% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,122 | 7.56% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,435 | 6.38% |
| Lock Haven, PA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 8.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,358 | 7.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,540 | 6.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,668 | 6.63% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,243 | 6.13% |
| Sunbury, PA (FHA|USDA|VA) | 4 | $170,000 | $42,500 | $100 | 8.43% |
| Indiana, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.25% |
| Somerset, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,808 | 7.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $100 | 8.75% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $30,000 | $15,000 | $100 | 8.30% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.70% |
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.
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Product Mix
For 2024, Mid Penn Bank's most frequently originated type of loan was Conventional, with 477 originations. Their 2nd most popular type was HELOC, with 249 originations.
Loan Reason
For 2024, Mid Penn Bank's most frequently cited loan purpose was Home Purchase, with 431 originations. The 2nd most popular reason was Home Improvement, with 115 originations.
Loan Duration/Length
For 2024, Mid Penn Bank's most frequently cited loan duration was 30 Year, with 346 originations. The 2nd most popular length was Other, with 285 originations.
Origination Fees/Closing Costs
Mid Penn Bank's average total fees were $7,118, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 344 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 313 | $70,495,000 | $225,224 |
| 6-7% | 232 | $72,210,000 | $311,250 |
| 7-8% | 173 | $59,885,000 | $346,156 |
| 5-6% | 50 | $15,210,000 | $304,200 |
| 4-5% | 1 | $435,000 | $435,000 |
During 2024, Mid Penn Bank's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was Over 8%, with 313 originations.
Loan Sizing
2024 saw Mid Penn Bank place emphasis on $200k-400k loans with 247 originations, totaling $72,035,000 in origination value.
Applicant Income
Mid Penn Bank lent most frequently to those with incomes in the $100k-150k range, with 170 originations. The second most popular income band? $150k-250k, with 132 originations.
Applicant Debt to Income Ratio
Mid Penn Bank lent most frequently to those with DTI ratios of 20-30%, with 173 originations. The next most common DTI ratio? 30-36%, with 126 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.42%
Mid Penn Bank has a below average approval rate.
Pick Rate
Approvals leading to origination69.96%
Mid Penn Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 769 | $218,235,000 | $283,791 |