Pennian Bank Mortgage Rates, Fees & Info

Mifflintown, PA

LEI: 254900XY9IETIM2DL872

Tax ID: 23-0873877

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Mortgage Data

Review & Overview

Pennian Bank is a smaller bank specializing in Home Purchase loans. Pennian Bank has a high proportion of conventional loans. Their top markets by origination volume include: Harrisburg, York, Chambersburg, Lancaster, and Lewistown among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pennian Bank 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.

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Originations

239

Origination Dollar Volume (All Markets)

$65,575,000

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
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 107 $35,305,000 $329,953 $0 0.00%
YORK-HANOVER, PA (FHA|USDA|VA) 30 $11,870,000 $395,667 $0 0.00%
Outside of Metro Areas 58 $8,900,000 $153,448 $0 0.00%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 16 $4,160,000 $260,000 $0 0.00%
LANCASTER, PA (FHA|USDA|VA) 9 $2,245,000 $249,444 $0 0.00%
Lewistown, PA (FHA|USDA|VA) 5 $835,000 $167,000 $0 0.00%
GETTYSBURG, PA (FHA|USDA|VA) 6 $790,000 $131,667 $0 0.00%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
Selinsgrove, PA (FHA|USDA|VA) 3 $435,000 $145,000 $0 0.00%
Sunbury, PA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
LEBANON, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Lock Haven, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Pennian Bank's top markets include Harrisburg, York, Chambersburg, Lancaster, and Lewistown among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 239 $65,575,000 $274,372 $0 0.00%

    For 2022, Pennian Bank's most frequently originated type of loan was Conventional, with 239 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 181 $55,305,000 $305,552 $0 0.00%
    Refi 47 $7,525,000 $160,106 $0 0.00%
    Home Improvement 7 $1,755,000 $250,714 $0 0.00%
    Other 4 $990,000 $247,500 $0 0.00%

    For 2022, Pennian Bank's most frequently cited loan purpose was Home Purchase, with 181 originations. The 2nd most popular reason was Refi, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 239 $65,575,000 $274,372 $0 0.00%

    For 2022, Pennian Bank's most frequently cited loan duration was Other, with 239 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 114 $16,680,000 $146,316 $0 0.00%
    $200k-400k 67 $18,675,000 $278,731 $0 0.00%
    $100,000 or less 35 $2,535,000 $72,429 $0 0.00%
    $400k-600k 10 $4,590,000 $459,000 $0 0.00%
    $600k-1MM 7 $5,085,000 $726,429 $0 0.00%
    $1MM+ 6 $18,010,000 $3,001,667 $0 0.00%

    2022 saw Pennian Bank place emphasis on $100k-200k loans with 114 originations, totaling $16,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $4,300,000 $143,333 $0 0.00%
    $100k-150k 22 $4,320,000 $196,364 $0 0.00%
    $75k-100k 20 $3,760,000 $188,000 $0 0.00%
    $50k or less 18 $1,710,000 $95,000 $0 0.00%
    $250k+ 14 $3,770,000 $269,286 $0 0.00%
    $150k-250k 12 $2,850,000 $237,500 $0 0.00%

    Pennian Bank lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $100k-150k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 239 $65,575,000 $274,372 $0 0.00%

    Pennian Bank lent most frequently to those with DTI ratios of Exempt%, with 239 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 121 $44,655,000 $369,050 $0 0.00%
    White 113 $19,795,000 $175,177 $0 0.00%
    Asian 2 $630,000 $315,000 $0 0.00%
    Not provided 2 $360,000 $180,000 $0 0.00%
    American Indian 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.79%

    Pennian Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.52%

    Pennian Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 239 $65,575,000 $274,372

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    239 $65,575,000 $274,372