Howard Hanna Financial Services Mortgage Rates, Fees & Info

PITTSBURGH, PA

LEI: 549300157R33LDICP344

Tax ID: 25-1447459

5 stars - Updated: 3/17/24 - out of 5 stars, based on 58 reviews

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

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Mortgage Data

Review & Overview

Howard Hanna Financial Services is a smaller mortgage company specializing in Home Purchase loans. Howard Hanna Financial Services 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: Pittsburgh, Cleveland, Akron, Erie, and Youngstown among others. We have data for 59 markets. (Some data included below & more in-depth data is available with an active subscription.)

Howard Hanna Financial Services 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. Howard Hanna Financial Services 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 6.61% 3/17/24
30 Year Conventional Refi 6.62% 3/17/24
30 Year Cash-out Refi 6.78% 3/17/24
30 Year FHA Purchase 7.50% 3/17/24
30 Year FHA Refi 6.27% 3/17/24
30 Year VA Purchase 6.43% 3/17/24
30 Year USDA Purchase 6.95% 3/17/24
15 Year Conventional Purchase 5.89% 3/17/24
15 Year Conventional Refi 5.79% 3/17/24
15 Year Cash-out Refi 5.79% 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.

Howard Hanna Financial Services Mortgage Calculator






Your Estimates

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

This is not an official calculator from Howard Hanna Financial Services. 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

3,357

Origination Dollar Volume (All Markets)

$772,595,000
Show all (19) awards

Relative Rate

Howard Hanna Financial Services's average 30 year fixed mortgage rate was 5.09%.

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

This yields a difference of 0.33%.

Relative Fees (Closing Costs)

Howard Hanna Financial Services's average total fees/closing costs for a 30 year fixed rate mortgage were $5,220.

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
PITTSBURGH, PA (FHA|USDA|VA) 1,098 $267,720,000 $243,825 $5,459 4.97%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1,091 $261,875,000 $240,032 $5,192 4.98%
AKRON, OH (FHA|USDA|VA) 352 $81,750,000 $232,244 $4,698 5.08%
ERIE, PA (FHA|USDA|VA) 104 $17,440,000 $167,692 $4,936 5.18%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 99 $16,055,000 $162,172 $4,485 4.90%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 61 $13,755,000 $225,492 $6,122 5.16%
New Castle, PA (FHA|USDA|VA) 90 $13,000,000 $144,444 $4,864 5.05%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 46 $11,580,000 $251,739 $4,996 4.85%
CANTON-MASSILLON, OH (FHA|USDA|VA) 53 $10,935,000 $206,321 $4,643 5.54%
ANN ARBOR, MI (FHA|USDA|VA) 33 $10,575,000 $320,455 $4,625 5.10%
COLUMBUS, OH (FHA|USDA|VA) 26 $7,500,000 $288,462 $5,706 6.09%
YORK-HANOVER, PA (FHA|USDA|VA) 28 $5,960,000 $212,857 $5,652 5.21%
Adrian, MI (FHA|USDA|VA) 28 $5,600,000 $200,000 $5,191 5.02%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 19 $5,105,000 $268,684 $5,465 5.16%
TOLEDO, OH (FHA|USDA|VA) 28 $5,050,000 $180,357 $4,712 4.96%
LANCASTER, PA (FHA|USDA|VA) 18 $4,860,000 $270,000 $4,947 5.20%
Wooster, OH (FHA|USDA|VA) 23 $4,185,000 $181,957 $5,329 5.11%
JACKSON, MI (FHA|USDA|VA) 22 $4,100,000 $186,364 $4,912 5.17%
Ashtabula, OH (FHA|USDA|VA) 17 $2,755,000 $162,059 $4,913 5.07%
MONROE, MI (FHA|USDA|VA) 10 $1,770,000 $177,000 $5,393 5.60%
Outside of Metro Areas 11 $1,735,000 $157,727 $4,425 5.93%
Salem, OH (FHA|USDA|VA) 10 $1,720,000 $172,000 $4,169 4.77%
Ashland, OH (FHA|USDA|VA) 7 $1,645,000 $235,000 $7,051 5.13%
Sandusky, OH (FHA|USDA|VA) 8 $1,300,000 $162,500 $4,249 4.84%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $1,190,000 $297,500 $5,954 4.84%
Meadville, PA (FHA|USDA|VA) 8 $1,000,000 $125,000 $4,943 4.98%
Somerset, PA (FHA|USDA|VA) 2 $880,000 $440,000 $6,657 4.88%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 5 $855,000 $171,000 $3,371 4.50%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $805,000 $805,000 $4,156 5.00%
Defiance, OH (FHA|USDA|VA) 4 $680,000 $170,000 $5,915 5.28%
New Philadelphia-Dover, OH (FHA|USDA|VA) 3 $585,000 $195,000 $5,577 7.13%
DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $580,000 $145,000 $4,704 6.16%
Norwalk, OH (FHA|USDA|VA) 4 $580,000 $145,000 $4,585 5.50%
Oil City, PA (FHA|USDA|VA) 3 $565,000 $188,333 $4,217 4.33%
MANSFIELD, OH (FHA|USDA|VA) 3 $555,000 $185,000 $4,835 5.08%
LEBANON, PA (FHA|USDA|VA) 2 $490,000 $245,000 $6,811 4.38%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $470,000 $235,000 $10,910 3.69%
Cambridge, OH (FHA|USDA|VA) 1 $435,000 $435,000 $4,957 4.88%
Indiana, PA (FHA|USDA|VA) 4 $430,000 $107,500 $3,819 4.71%
Hillsdale, MI (FHA|USDA|VA) 1 $425,000 $425,000 $5,842 5.00%
Mount Vernon, OH (FHA|USDA|VA) 2 $420,000 $210,000 $4,609 5.94%
Bellefontaine, OH (FHA|USDA|VA) 2 $400,000 $200,000 $5,170 6.37%
Findlay, OH (FHA|USDA|VA) 2 $350,000 $175,000 $4,036 3.31%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $345,000 $345,000 $6,446 6.13%
GETTYSBURG, PA (FHA|USDA|VA) 1 $335,000 $335,000 $4,926 4.75%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $295,000 $295,000 $11,347 4.88%
Sunbury, PA (FHA|USDA|VA) 2 $250,000 $125,000 $5,656 6.44%
READING, PA (FHA|USDA|VA) 1 $245,000 $245,000 $4,500 5.88%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $205,000 $205,000 $4,003 5.38%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $165,000 $165,000 $3,995 5.75%
Pottsville, PA (FHA|USDA|VA) 1 $165,000 $165,000 $6,793 5.75%
Bradford, PA (FHA|USDA|VA) 2 $160,000 $80,000 $4,487 3.88%
Sayre, PA (FHA|USDA|VA) 1 $135,000 $135,000 $7,191 5.63%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $115,000 $115,000 $3,480 5.13%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $115,000 $115,000 $3,982 5.38%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $115,000 $115,000 $3,768 5.88%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $105,000 $105,000 $4,651 2.63%
Sidney, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,905 6.25%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $75,000 $75,000 $4,292 3.88%
Howard Hanna Financial Services's top markets include Pittsburgh, Cleveland, Akron, Erie, and Youngstown among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,771 $663,535,000 $239,457 $4,695 5.03%
    FHA 470 $81,960,000 $174,383 $7,443 5.12%
    VA 96 $24,640,000 $256,667 $8,373 4.63%
    USDA 20 $2,460,000 $123,000 $4,992 4.53%

    For 2022, Howard Hanna Financial Services's most frequently originated type of loan was Conventional, with 2,771 originations. Their 2nd most popular type was FHA, with 470 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,275 $756,775,000 $231,076 $5,213 5.05%
    Cash Out Refi 43 $8,325,000 $193,605 $4,223 4.42%
    Refi 26 $4,980,000 $191,538 $3,637 3.46%
    Other 12 $2,410,000 $200,833 $4,946 4.73%
    Home Improvement 1 $105,000 $105,000 $4,181 4.00%

    For 2022, Howard Hanna Financial Services's most frequently cited loan purpose was Home Purchase, with 3,275 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,156 $723,770,000 $229,331 $5,220 5.09%
    15 Year 172 $41,530,000 $241,453 $4,614 4.09%
    20 Year 21 $5,555,000 $264,524 $4,528 4.33%
    10 Year 4 $640,000 $160,000 $4,511 3.72%
    Other 4 $1,100,000 $275,000 $8,255 4.53%

    For 2022, Howard Hanna Financial Services's most frequently cited loan duration was 30 Year, with 3,156 originations. The 2nd most popular length was 15 Year, with 172 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,367 $509,845,000 $215,397
    $2k-3k 537 $126,155,000 $234,926
    $3k-4k 184 $48,880,000 $265,652
    $5k+ 106 $39,590,000 $373,491
    $<1k 88 $24,810,000 $281,932
    $4k-5k 75 $23,315,000 $310,867

    Howard Hanna Financial Services's average total fees were $5,220, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,367 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,369 $315,365,000 $230,362
    3-4% 670 $154,690,000 $230,881
    4-5% 609 $149,305,000 $245,164
    6-7% 477 $97,845,000 $205,126
    2.5-3% 124 $31,420,000 $253,387
    7-8% 88 $19,360,000 $220,000
    <2.5% 19 $4,415,000 $232,368
    % 1 $195,000 $195,000

    During 2022, Howard Hanna Financial Services's average interest rate for loans was 5.09%, while their most frequently originated rate bucket for loans was 5-6%, with 1,369 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,409 $214,175,000 $152,005 $4,681 5.10%
    $200k-400k 1,325 $361,895,000 $273,128 $5,656 4.99%
    $100,000 or less 299 $23,585,000 $78,880 $3,943 5.05%
    $400k-600k 252 $119,290,000 $473,373 $6,188 4.90%
    $600k-1MM 64 $43,230,000 $675,469 $7,885 4.81%
    $1MM+ 8 $10,420,000 $1,302,500 $9,960 3.80%

    2022 saw Howard Hanna Financial Services place emphasis on $100k-200k loans with 1,409 originations, totaling $214,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 819 $142,135,000 $173,547 $4,970 5.12%
    $100k-150k 678 $179,830,000 $265,236 $5,482 5.02%
    $75k-100k 603 $128,315,000 $212,794 $5,190 4.99%
    $50k or less 599 $75,555,000 $126,135 $4,554 4.94%
    $150k-250k 472 $156,830,000 $332,267 $5,554 5.11%
    $250k+ 186 $89,930,000 $483,495 $6,166 4.84%

    Howard Hanna Financial Services lent most frequently to those with incomes in the $50k-75k range, with 819 originations. The second most popular income band? $100k-150k, with 678 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 714 $168,490,000 $235,980 $4,986 4.94%
    30-36% 630 $144,410,000 $229,222 $4,965 4.93%
    <20% 256 $58,920,000 $230,156 $4,659 4.71%
    44% 148 $32,930,000 $222,500 $5,636 5.26%
    41% 141 $31,765,000 $225,284 $5,041 4.96%
    42% 140 $33,380,000 $238,429 $5,140 5.18%
    39% 137 $30,735,000 $224,343 $5,418 5.14%
    40% 131 $31,285,000 $238,817 $5,441 5.07%
    43% 125 $27,965,000 $223,720 $5,230 5.32%
    37% 124 $27,250,000 $219,758 $4,980 5.05%
    38% 119 $27,145,000 $228,109 $5,184 5.22%
    36% 111 $25,785,000 $232,297 $4,864 4.93%
    49% 109 $25,285,000 $231,972 $5,651 5.26%
    50-60% 108 $23,180,000 $214,630 $7,664 4.98%
    45% 100 $22,560,000 $225,600 $5,359 5.12%
    48% 96 $21,220,000 $221,042 $5,300 5.46%
    47% 89 $22,195,000 $249,382 $5,642 5.16%
    46% 79 $18,095,000 $229,051 $4,983 5.19%

    Howard Hanna Financial Services lent most frequently to those with DTI ratios of 20-30%, with 714 originations. The next most common DTI ratio? 30-36%, with 630 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,870 $659,090,000 $229,648 $5,111 5.04%
    Not provided 233 $56,075,000 $240,665 $5,438 4.93%
    Black 141 $28,295,000 $200,674 $6,051 5.07%
    Asian 102 $27,430,000 $268,922 $5,559 4.77%
    Native Hawaiian or Islander 6 $1,040,000 $173,333 $5,620 4.38%
    American Indian 5 $665,000 $133,000 $4,725 5.71%

    Approval Rates

    Total approvals of all applications
    98.34%

    Howard Hanna Financial Services 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
    81.32%

    Howard Hanna Financial Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,357 $772,595,000 $230,144

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,357 $772,595,000 $230,144

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 64 $7,800,000 $121,875 $4,007 4.70%
    40-60% 170 $38,750,000 $227,941 $4,611 4.93%
    60-80% 739 $177,875,000 $240,697 $4,909 5.00%
    80-100% 2,358 $541,820,000 $229,779 $5,277 5.06%
    Over 100% 21 $5,915,000 $281,667 $13,460 4.20%
    Under 20% 5 $435,000 $87,000 $3,721 5.73%