Philadelphia Mortgage Advisors Rates, Fees & Info

Plymouth Meeting, PA

LEI: 254900VXX8ZL7L9EX282

Tax ID: 20-5604550

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Mortgage Data

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, New York, Reading, and Allentown among others. We have data for 29 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% 3/28/24
30 Year Conventional Refi 6.37% 3/28/24
30 Year Cash-out Refi 6.47% 3/28/24
30 Year FHA Purchase 7.42% 3/28/24
30 Year VA Purchase 6.56% 3/28/24
30 Year USDA Purchase 6.36% 3/28/24
15 Year Conventional Purchase 5.91% 3/28/24
15 Year Conventional Refi 6.21% 3/28/24
15 Year Cash-out Refi 6.21% 3/28/24
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.

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

730

Origination Dollar Volume (All Markets)

$192,110,000

Awards

Philadelphia Mortgage Advisors 30 Year Conventional Loans gold Philadelphia Mortgage Advisors 30 Year Conventional Loans gold Philadelphia Mortgage Advisors FHA Loans gold Philadelphia Mortgage Advisors 30 Year Conventional Loans silver
Show all (4) awards

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) 583 $152,845,000 $262,170 $5,027 4.60%
OCEAN CITY, NJ (FHA|USDA|VA) 33 $10,725,000 $325,000 $3,777 4.53%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 23 $5,935,000 $258,043 $3,502 4.57%
READING, PA (FHA|USDA|VA) 22 $5,170,000 $235,000 $4,823 4.56%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 6 $1,920,000 $320,000 $6,296 4.35%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 9 $1,885,000 $209,444 $3,814 4.46%
JACKSONVILLE, FL (FHA|USDA|VA) 6 $1,730,000 $288,333 $1,934 4.25%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 6 $1,640,000 $273,333 $3,239 4.46%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $1,630,000 $271,667 $4,326 4.38%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $1,415,000 $283,000 $2,496 4.58%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 4 $1,070,000 $267,500 $3,636 4.50%
LANCASTER, PA (FHA|USDA|VA) 4 $940,000 $235,000 $4,745 4.75%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $640,000 $320,000 $7,584 4.69%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $550,000 $275,000 $4,240 4.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $470,000 $235,000 $4,197 4.56%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $350,000 $175,000 $1,758 4.19%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $340,000 $170,000 $2,398 4.69%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $325,000 $325,000 $1,746 4.38%
DOVER, DE (FHA|USDA|VA) 1 $285,000 $285,000 $3,752 4.75%
Warren, PA (FHA|USDA|VA) 2 $280,000 $140,000 $3,378 4.63%
PITTSBURGH, PA (FHA|USDA|VA) 1 $275,000 $275,000 $3,959 4.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $255,000 $255,000 $1,478 4.38%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $235,000 $235,000 $3,585 5.13%
ERIE, PA (FHA|USDA|VA) 1 $225,000 $225,000 $3,824 4.50%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $225,000 $225,000 $2,310 4.75%
Lock Haven, PA (FHA|USDA|VA) 1 $225,000 $225,000 $3,668 4.50%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $215,000 $215,000 $2,682 5.13%
ROANOKE, VA (FHA|USDA|VA) 1 $205,000 $205,000 $1,455 4.88%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,203 4.50%
Philadelphia Mortgage Advisors's top markets include Philadelphia, Ocean City, New York, Reading, and Allentown among others.

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

    N C P D Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 634 $170,080,000 $268,265 $4,442 4.58%
    FHA 65 $14,735,000 $226,692 $7,616 4.54%
    USDA 15 $3,205,000 $213,667 $5,716 4.54%
    VA 9 $2,925,000 $325,000 $6,617 4.56%
    HELOC 7 $1,165,000 $166,429 n/a 5.21%

    For 2018, Philadelphia Mortgage Advisors's most frequently originated type of loan was Conventional, with 634 originations. Their 2nd most popular type was FHA, with 65 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 648 $169,620,000 $261,759 $4,892 4.60%
    Cash Out Refi 46 $12,100,000 $263,043 $3,925 4.64%
    Refi 34 $9,970,000 $293,235 $4,128 4.25%
    Home Improvement 2 $420,000 $210,000 $3,524 5.31%

    For 2018, Philadelphia Mortgage Advisors's most frequently cited loan purpose was Home Purchase, with 648 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 658 $176,950,000 $268,921 $4,888 4.61%
    15 Year 31 $7,705,000 $248,548 $3,542 4.19%
    Other 15 $4,395,000 $293,000 $4,120 4.52%
    20 Year 13 $2,975,000 $228,846 $3,377 4.13%
    10 Year 11 $55,000 $5,000 $0 0.00%
    5 Year 2 $30,000 $15,000 $0 0.00%

    For 2018, Philadelphia Mortgage Advisors's most frequently cited loan duration was 30 Year, with 658 originations. The 2nd most popular length was 15 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 535 $137,335,000 $256,701
    $1k-2k 89 $29,915,000 $336,124
    $2k-3k 22 $6,420,000 $291,818
    $4k-5k 12 $4,260,000 $355,000
    $3k-4k 11 $3,115,000 $283,182
    $5k+ 6 $3,250,000 $541,667

    Philadelphia Mortgage Advisors's average total fees were $4,888, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 535 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 565 $152,375,000 $269,690
    3-4% 77 $24,395,000 $316,818
    5-6% 70 $14,180,000 $202,571
    6-7% 2 $460,000 $230,000
    2.5-3% 1 $605,000 $605,000

    During 2018, Philadelphia Mortgage Advisors's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 565 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 397 $111,995,000 $282,103 $5,049 4.60%
    $100k-200k 218 $35,380,000 $162,294 $3,755 4.60%
    $400k-600k 65 $29,675,000 $456,538 $6,240 4.45%
    $100,000 or less 33 $1,375,000 $41,667 $3,105 5.13%
    $600k-1MM 15 $10,525,000 $701,667 $6,565 4.01%
    $1MM+ 2 $3,160,000 $1,580,000 $9,058 4.00%

    2018 saw Philadelphia Mortgage Advisors place emphasis on $200k-400k loans with 397 originations, totaling $111,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 189 $52,175,000 $276,058 $4,983 4.60%
    $50k-75k 166 $31,720,000 $191,084 $4,408 4.62%
    $75k-100k 141 $32,875,000 $233,156 $4,858 4.62%
    $150k-250k 134 $47,430,000 $353,955 $5,169 4.57%
    $50k or less 66 $9,620,000 $145,758 $3,619 4.53%
    $250k+ 34 $18,290,000 $537,941 $6,083 4.32%

    Philadelphia Mortgage Advisors lent most frequently to those with incomes in the $100k-150k range, with 189 originations. The second most popular income band? $50k-75k, with 166 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 154 $42,420,000 $275,455 $4,778 4.54%
    30-36% 149 $38,105,000 $255,738 $4,526 4.61%
    <20% 44 $11,020,000 $250,455 $4,163 4.42%
    38% 38 $10,780,000 $283,684 $4,956 4.67%
    37% 36 $9,390,000 $260,833 $4,729 4.68%
    41% 34 $9,570,000 $281,471 $4,384 4.45%
    40% 31 $8,035,000 $259,194 $4,620 4.62%
    43% 30 $7,180,000 $239,333 $4,673 4.41%
    42% 29 $7,125,000 $245,690 $5,075 4.83%
    39% 29 $8,585,000 $296,034 $5,273 4.63%
    44% 28 $6,800,000 $242,857 $4,903 4.71%
    36% 27 $9,215,000 $341,296 $4,897 4.55%
    48% 23 $5,865,000 $255,000 $6,147 4.49%
    47% 21 $5,395,000 $256,905 $5,048 4.65%
    46% 21 $4,845,000 $230,714 $5,218 4.59%
    49% 19 $4,275,000 $225,000 $4,661 4.64%
    45% 12 $2,330,000 $194,167 $4,757 4.66%
    50-60% 5 $1,175,000 $235,000 $9,703 4.31%

    Philadelphia Mortgage Advisors lent most frequently to those with DTI ratios of 20-30%, with 154 originations. The next most common DTI ratio? 30-36%, with 149 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 631 $166,985,000 $264,635 $4,853 4.59%
    Asian 44 $11,790,000 $267,955 $4,726 4.60%
    Not provided 28 $6,920,000 $247,143 $3,430 4.31%
    Black 23 $5,945,000 $258,478 $5,038 4.67%
    Other Pacific Islander 1 $215,000 $215,000 $2,092 4.75%
    Native Hawaiian or Islander 1 $185,000 $185,000 $3,538 4.88%
    American Indian 2 $70,000 $35,000 $3,634 4.75%

    Approval Rates

    Total approvals of all applications
    96.49%

    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
    80.68%

    Philadelphia Mortgage Advisors has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 730 $192,110,000 $263,164

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 730 $192,110,000 $263,164

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $2,175,000 $167,308 $3,071 4.54%
    40-60% 51 $14,115,000 $276,765 $3,664 4.34%
    60-80% 212 $60,830,000 $286,934 $4,059 4.54%
    80-100% 426 $112,280,000 $263,568 $5,249 4.63%
    Over 100% 10 $2,460,000 $246,000 $7,114 4.70%
    Under 20% 18 $250,000 $13,889 $0 5.16%