Philadelphia Mortgage Advisors Rates, Fees & Info

Plymouth Meeting, PA

LEI: 254900VXX8ZL7L9EX282

Tax ID: 20-5604550

4.4 stars - Updated: 9/18/23 - out of 5 stars, based on 28 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Philadelphia Mortgage Advisors is a smaller mortgage company specializing in Home Purchase loans. Philadelphia Mortgage Advisors has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Ocean City, Reading, New York, and Atlantic City among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Philadelphia Mortgage Advisors has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Philadelphia Mortgage Advisors 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
    30 Year Conventional Purchase 6.55% 9/18/23
    30 Year Conventional Refi 6.37% 9/18/23
    30 Year Cash-out Refi 6.47% 9/18/23
    30 Year FHA Purchase 7.42% 9/18/23
    30 Year VA Purchase 6.56% 9/18/23
    30 Year USDA Purchase 6.36% 9/18/23
    15 Year Conventional Purchase 5.91% 9/18/23
    15 Year Conventional Refi 6.21% 9/18/23
    15 Year Cash-out Refi 6.21% 9/18/23
    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.

    Philadelphia Mortgage Advisors Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Philadelphia Mortgage Advisors. 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

    785

    Origination Dollar Volume (All Markets)

    $237,455,000

    Awards

    Philadelphia Mortgage Advisors 30 Year Conventional Loans bronze Philadelphia Mortgage Advisors 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    Philadelphia Mortgage Advisors's average 30 year fixed mortgage rate was 4.76%.

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

    This yields a difference of 0%.

    Relative Fees (Closing Costs)

    Philadelphia Mortgage Advisors's average total fees/closing costs for a 30 year fixed rate mortgage were $7,133.

    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) 705 $209,785,000 $297,567 $6,262 4.18%
    OCEAN CITY, NJ (FHA|USDA|VA) 19 $9,555,000 $502,895 $7,598 3.93%
    READING, PA (FHA|USDA|VA) 19 $5,215,000 $274,474 $6,394 4.70%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 9 $2,885,000 $320,556 $6,980 4.96%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 8 $2,330,000 $291,250 $7,021 5.28%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 7 $1,775,000 $253,571 $4,432 3.95%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $1,070,000 $535,000 $7,927 4.31%
    SALISBURY, MD-DE (FHA|USDA|VA) 2 $880,000 $440,000 $7,365 3.19%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $730,000 $365,000 $6,050 5.00%
    LANCASTER, PA (FHA|USDA|VA) 3 $665,000 $221,667 $3,485 2.42%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 3 $635,000 $211,667 $6,883 4.29%
    Key West, FL (FHA|USDA|VA) 1 $555,000 $555,000 $7,172 4.87%
    DOVER, DE (FHA|USDA|VA) 2 $460,000 $230,000 $5,709 5.13%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $385,000 $385,000 $9,465 6.75%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $275,000 $275,000 $4,416 5.12%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,552 5.13%
    Philadelphia Mortgage Advisors's top markets include Philadelphia, Ocean City, Reading, New York, and Atlantic City among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    BELLCO
    Similarity Rank: 88
    N C P D Federal Credit Union
    Similarity Rank: 306
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 326
    Louviers Federal Credit Union
    Similarity Rank: 328
    Schuyler Savings Bank
    Similarity Rank: 352
    The First National Bank of Long Island
    Similarity Rank: 374
    Discovery Federal Credit Union
    Similarity Rank: 440
    Cedar Point Federal Credit Union
    Similarity Rank: 546
    The Atlantic Federal Credit Union
    Similarity Rank: 588
    BHCU
    Similarity Rank: 728

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 722 $223,170,000 $309,100 $6,151 4.19%
    FHA 56 $12,180,000 $217,500 $7,698 4.39%
    VA 4 $1,430,000 $357,500 $10,389 3.91%
    HELOC 2 $330,000 $165,000 n/a 6.25%
    USDA 1 $345,000 $345,000 $14,748 5.38%

    For 2022, Philadelphia Mortgage Advisors's most frequently originated type of loan was Conventional, with 722 originations. Their 2nd most popular type was FHA, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 701 $213,945,000 $305,200 $6,399 4.25%
    Cash Out Refi 51 $15,045,000 $295,000 $6,030 4.14%
    Refi 33 $8,465,000 $256,515 $4,471 3.49%

    For 2022, Philadelphia Mortgage Advisors's most frequently cited loan purpose was Home Purchase, with 701 originations. The 2nd most popular reason was Cash Out Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 661 $226,345,000 $342,428 $7,133 4.76%
    10 Year 85 $1,575,000 $18,529 $185 0.11%
    15 Year 23 $5,475,000 $238,043 $5,355 3.90%
    20 Year 14 $3,600,000 $257,143 $4,605 3.31%
    Other 2 $460,000 $230,000 $4,107 5.13%

    For 2022, Philadelphia Mortgage Advisors's most frequently cited loan duration was 30 Year, with 661 originations. The 2nd most popular length was 10 Year, with 85 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 216 $66,220,000 $306,574
    $<1k 181 $35,145,000 $194,171
    $5k+ 133 $70,165,000 $527,556
    $2k-3k 86 $25,220,000 $293,256
    $3k-4k 61 $18,115,000 $296,967
    $4k-5k 57 $20,585,000 $361,140

    Philadelphia Mortgage Advisors's average total fees were $7,133, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 216 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 219 $73,305,000 $334,726
    5-6% 179 $51,395,000 $287,123
    4-5% 172 $64,050,000 $372,384
    6-7% 92 $28,270,000 $307,283
    <2.5% 84 $1,880,000 $22,381
    2.5-3% 31 $16,815,000 $542,419
    7-8% 8 $1,740,000 $217,500

    During 2022, Philadelphia Mortgage Advisors's average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 3-4%, with 219 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 388 $111,700,000 $287,887 $6,321 4.77%
    $100k-200k 127 $20,415,000 $160,748 $4,696 4.77%
    $400k-600k 118 $56,500,000 $478,814 $9,440 4.51%
    $100,000 or less 97 $2,185,000 $22,526 $676 0.82%
    $600k-1MM 46 $33,370,000 $725,435 $11,724 4.28%
    $1MM+ 9 $13,285,000 $1,476,111 $17,417 4.07%

    2022 saw Philadelphia Mortgage Advisors place emphasis on $200k-400k loans with 388 originations, totaling $111,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 178 $54,650,000 $307,022 $6,548 4.55%
    $50k-75k 176 $30,660,000 $174,205 $4,075 3.70%
    $150k-250k 149 $60,715,000 $407,483 $8,425 4.73%
    $75k-100k 121 $28,655,000 $236,818 $5,376 4.19%
    $250k+ 86 $53,570,000 $622,907 $10,452 4.25%
    $50k or less 75 $9,205,000 $122,733 $3,335 3.54%

    Philadelphia Mortgage Advisors lent most frequently to those with incomes in the $100k-150k range, with 178 originations. The second most popular income band? $50k-75k, with 176 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 187 $66,785,000 $357,139 $6,767 4.23%
    30-36% 135 $43,375,000 $321,296 $6,817 4.57%
    <20% 110 $25,770,000 $234,273 $4,528 2.39%
    37% 35 $11,745,000 $335,571 $7,013 4.66%
    36% 30 $10,930,000 $364,333 $7,655 4.07%
    39% 30 $9,060,000 $302,000 $6,907 4.65%
    44% 28 $5,800,000 $207,143 $4,929 4.52%
    40% 27 $8,085,000 $299,444 $5,967 4.57%
    46% 27 $6,815,000 $252,407 $5,740 4.87%
    42% 25 $7,155,000 $286,200 $6,251 4.84%
    38% 25 $8,735,000 $349,400 $6,933 4.38%
    41% 22 $5,620,000 $255,455 $6,055 4.63%
    43% 22 $6,380,000 $290,000 $6,511 5.07%
    48% 19 $4,455,000 $234,474 $5,423 4.24%
    47% 18 $4,700,000 $261,111 $6,824 5.12%
    45% 18 $4,530,000 $251,667 $5,899 4.78%
    49% 16 $3,410,000 $213,125 $5,984 4.67%
    50-60% 7 $2,435,000 $347,857 $8,471 4.73%
    >60% 4 $1,670,000 $417,500 $5,998 3.89%

    Philadelphia Mortgage Advisors lent most frequently to those with DTI ratios of 20-30%, with 187 originations. The next most common DTI ratio? 30-36%, with 135 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 594 $186,240,000 $313,535 $6,488 4.28%
    Asian 55 $20,145,000 $366,273 $7,398 4.18%
    Not provided 62 $17,680,000 $285,161 $5,666 4.29%
    Black 69 $11,685,000 $169,348 $4,284 3.48%
    American Indian 2 $720,000 $360,000 $5,968 5.75%
    Asian Indian 2 $550,000 $275,000 $5,692 4.63%
    Vietnamese 1 $435,000 $435,000 $10,034 4.00%

    Approval Rates

    Total approvals of all applications
    98.22%

    Philadelphia Mortgage Advisors has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.77%

    Philadelphia Mortgage Advisors has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 785 $237,455,000 $302,490

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    785 $237,455,000 $302,490

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $2,725,000 $160,294 $4,935 4.45%
    40-60% 67 $18,465,000 $275,597 $6,062 4.65%
    60-80% 188 $68,390,000 $363,777 $7,100 4.48%
    80-100% 429 $146,255,000 $340,921 $7,172 4.81%
    Over 100% 1 $405,000 $405,000 $18,434 3.13%
    Under 20% 83 $1,215,000 $14,639 $81 0.06%