Howard Hanna Financial Services Mortgage Rates, Fees & Info

PITTSBURGH, PA

LEI: 549300157R33LDICP344

Tax ID: 25-1447459

5 stars - out of 5 stars, based on 71 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Howard Hanna Financial Services is a small 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 include Cleveland, Pittsburgh, Akron, Youngstown, and Erie among others. Howard Hanna Financial Services has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Howard Hanna Financial Services is typically an average fee lendor.


Originations

5,103

Origination Dollar Volume (All Markets)

$1,098,115,000
Show all (19) awards

Relative Rate

Howard Hanna Financial Services 's average 30 year fixed rate mortgage of loans were 2.98%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.17%.

Relative Fees

Howard Hanna Financial Services 's average total fees for a 30 year fixed rate mortgage are $4,670.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1,753 $386,795,000 $220,647 $4,480 2.94%
PITTSBURGH, PA (FHA|USDA|VA) 1,601 $372,535,000 $232,689 $4,913 2.89%
AKRON, OH (FHA|USDA|VA) 522 $113,800,000 $218,008 $4,229 2.95%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 190 $28,850,000 $151,842 $4,627 2.94%
ERIE, PA (FHA|USDA|VA) 137 $21,865,000 $159,599 $4,551 2.93%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 84 $19,030,000 $226,548 $3,528 3.01%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 77 $16,615,000 $215,779 $5,414 2.91%
TOLEDO, OH (FHA|USDA|VA) 81 $15,595,000 $192,531 $4,320 3.00%
New Castle, PA (FHA|USDA|VA) 110 $15,540,000 $141,273 $4,538 2.78%
ANN ARBOR, MI (FHA|USDA|VA) 54 $14,770,000 $273,519 $3,530 2.96%
CANTON-MASSILLON, OH (FHA|USDA|VA) 77 $13,025,000 $169,156 $4,289 2.89%
Adrian, MI (FHA|USDA|VA) 54 $9,900,000 $183,333 $3,438 3.03%
Wooster, OH (FHA|USDA|VA) 47 $8,245,000 $175,426 $4,165 2.93%
YORK-HANOVER, PA (FHA|USDA|VA) 38 $8,020,000 $211,053 $5,276 2.99%
JACKSON, MI (FHA|USDA|VA) 40 $6,620,000 $165,500 $3,707 3.24%
Salem, OH (FHA|USDA|VA) 35 $5,935,000 $169,571 $4,243 2.96%
LANCASTER, PA (FHA|USDA|VA) 23 $5,635,000 $245,000 $5,254 3.01%
Ashtabula, OH (FHA|USDA|VA) 20 $4,250,000 $212,500 $4,545 3.01%
MONROE, MI (FHA|USDA|VA) 21 $4,175,000 $198,810 $4,953 2.93%
Sandusky, OH (FHA|USDA|VA) 17 $4,095,000 $240,882 $4,851 3.03%
COLUMBUS, OH (FHA|USDA|VA) 9 $2,795,000 $310,556 $4,031 3.00%
Outside of Metro Areas 18 $2,600,000 $144,444 $4,539 2.97%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 9 $2,445,000 $271,667 $5,228 3.06%
Somerset, PA (FHA|USDA|VA) 11 $2,095,000 $190,455 $4,051 3.15%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $1,530,000 $255,000 $8,299 3.19%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 8 $1,340,000 $167,500 $3,773 3.14%
LEBANON, PA (FHA|USDA|VA) 6 $1,140,000 $190,000 $4,767 2.83%
Fremont, OH (FHA|USDA|VA) 4 $810,000 $202,500 $3,640 2.78%
EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $785,000 $261,667 $5,748 3.17%
New Philadelphia-Dover, OH (FHA|USDA|VA) 5 $615,000 $123,000 $3,953 2.93%
Defiance, OH (FHA|USDA|VA) 3 $615,000 $205,000 $4,954 3.04%
Indiana, PA (FHA|USDA|VA) 5 $605,000 $121,000 $4,543 2.73%
Meadville, PA (FHA|USDA|VA) 5 $575,000 $115,000 $3,316 3.15%
FLINT, MI (FHA|USDA|VA) 3 $565,000 $188,333 $4,764 2.96%
Ashland, OH (FHA|USDA|VA) 4 $550,000 $137,500 $4,700 2.97%
READING, PA (FHA|USDA|VA) 3 $545,000 $181,667 $3,952 2.88%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $515,000 $515,000 $6,746 2.75%
Norwalk, OH (FHA|USDA|VA) 4 $480,000 $120,000 $3,753 2.72%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $410,000 $205,000 $3,899 3.00%
Lewisburg, PA (FHA|USDA|VA) 1 $305,000 $305,000 $4,810 2.88%
MANSFIELD, OH (FHA|USDA|VA) 2 $190,000 $95,000 $3,632 3.25%
Findlay, OH (FHA|USDA|VA) 1 $185,000 $185,000 $7,519 3.25%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $165,000 $165,000 $3,337 3.50%
Mount Vernon, OH (FHA|USDA|VA) 1 $155,000 $155,000 $4,001 2.88%
GETTYSBURG, PA (FHA|USDA|VA) 1 $135,000 $135,000 $4,049 2.75%
DuBois, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,882 2.75%
Marquette, MI (FHA|USDA|VA) 1 $125,000 $125,000 $3,301 3.88%
Oil City, PA (FHA|USDA|VA) 1 $115,000 $115,000 $4,176 2.88%
Zanesville, OH (FHA|USDA|VA) 1 $115,000 $115,000 $3,645 2.88%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,552 2.88%
Warren, PA (FHA|USDA|VA) 1 $75,000 $75,000 $3,791 2.63%

Howard Hanna Financial Services 's top markets include Cleveland, Pittsburgh, Akron, Youngstown, and Erie among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 4,185 $937,155,000 $223,932 $4,094 2.95%
FHA 721 $116,475,000 $161,546 $6,766 2.87%
VA 155 $38,955,000 $251,323 $7,199 2.70%
USDA 42 $5,530,000 $131,667 $5,143 2.75%

For the 2021 period, Howard Hanna Financial Services 's most frequently originated loan type of loans were Conventional, with 4,185 originations. Their 2nd most popular type is FHA, with 721 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 4,353 $943,945,000 $216,849 $4,731 2.95%
Refi 576 $117,200,000 $203,472 $3,600 2.74%
Cash Out Refi 174 $36,970,000 $212,471 $3,877 2.99%

For the 2021, Howard Hanna Financial Services 's most frequently cited loan purpose of loans were Home Purchase, with 4,353 originations. The 2nd most popular reason of loans were Refi, with 576 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 4,553 $987,265,000 $216,838 $4,670 2.98%
15 Year 412 $83,570,000 $202,840 $3,775 2.35%
20 Year 71 $14,445,000 $203,451 $3,843 2.87%
Other 55 $11,355,000 $206,455 $3,787 2.97%
10 Year 12 $1,480,000 $123,333 $3,478 2.36%

For the 2021, Howard Hanna Financial Services 's most frequently cited loan length of loans were 30 Year, with 4,553 originations. The 2nd most popular length of loans were 15 Year, with 412 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 4,150 $863,360,000 $208,039
$2k-3k 519 $123,445,000 $237,852
$<1k 305 $71,455,000 $234,279
$3k-4k 114 $33,670,000 $295,351
$5k+ 15 $6,185,000 $412,333

$4,670 of loans were Howard Hanna Financial Services 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 4,150 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 2,898 $638,150,000 $220,204
3-4% 1,493 $324,355,000 $217,251
<2.5% 672 $129,130,000 $192,158
4-5% 40 $6,480,000 $162,000

During 2021, Howard Hanna Financial Services 's average interest rate of loans were 2.98%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,898 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 2,273 $339,435,000 $149,333 $4,326 2.93%
$200k-400k 1,962 $529,910,000 $270,087 $4,863 2.93%
$100,000 or less 495 $39,075,000 $78,939 $3,691 2.96%
$400k-600k 327 $155,255,000 $474,786 $5,626 2.92%
$600k-1MM 43 $30,655,000 $712,907 $6,408 3.03%
$1MM+ 3 $3,785,000 $1,261,667 $8,459 3.21%

2021 saw Howard Hanna Financial Services place emphasis on $100k-200k loans with 2,273 originations, totaling $339,435,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,361 $240,145,000 $176,447 $4,580 2.93%
$50k or less 1,072 $136,870,000 $127,677 $4,372 2.95%
$100k-150k 949 $242,205,000 $255,221 $4,580 2.94%
$75k-100k 923 $195,145,000 $211,425 $4,562 2.93%
$150k-250k 607 $197,805,000 $325,873 $4,789 2.89%
$250k+ 188 $84,950,000 $451,862 $5,047 2.89%

Howard Hanna Financial Services lent most frequently to those with incomes in the $50k-75k range, with 1,361 originations. The second most popular income band? $50k or less, with 1,072 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,264 $275,560,000 $218,006 $4,374 2.91%
30-36% 978 $217,330,000 $222,219 $4,640 2.96%
<20% 548 $119,830,000 $218,668 $4,160 2.83%
39% 190 $39,450,000 $207,632 $4,742 2.95%
41% 186 $36,910,000 $198,441 $4,522 2.98%
42% 184 $40,620,000 $220,761 $4,391 3.02%
43% 181 $36,325,000 $200,691 $4,517 2.99%
36% 179 $37,215,000 $207,905 $4,394 2.93%
37% 178 $38,300,000 $215,169 $4,776 2.96%
40% 176 $37,760,000 $214,545 $4,776 2.97%
38% 164 $35,380,000 $215,732 $4,638 2.88%
50-60% 154 $30,750,000 $199,675 $6,224 2.75%
44% 154 $32,490,000 $210,974 $4,914 3.00%
45% 143 $30,135,000 $210,734 $4,295 3.00%
49% 118 $25,980,000 $220,169 $4,869 2.98%
46% 106 $22,450,000 $211,792 $4,840 2.92%
48% 102 $20,970,000 $205,588 $4,909 2.94%
47% 95 $19,685,000 $207,211 $4,743 2.97%
>60% 2 $700,000 $350,000 $9,149 3.31%

Howard Hanna Financial Services lent most frequently to those with DTI ratios of 20-30%, with 1,264 originations. The next most common DTI ratio? 30-36%, with 978 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 4,390 $939,760,000 $214,068 $4,523 2.92%
Not provided 347 $80,185,000 $231,081 $4,897 2.97%
Black 223 $40,775,000 $182,848 $5,108 3.01%
Asian 132 $35,190,000 $266,591 $4,504 2.90%
American Indian 9 $1,695,000 $188,333 $4,906 3.10%
Native Hawaiian 1 $265,000 $265,000 $4,346 2.88%
Asian Indian 1 $245,000 $245,000 $4,038 2.63%

Approval Rates

Total approvals of all applications
97.87%

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
83.16%

Howard Hanna Financial Services has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 5,103 $1,098,115,000 $215,190

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
5,103 $1,098,115,000 $215,190

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 86 $11,510,000 $133,837 $3,494 2.65%
40-60% 304 $55,340,000 $182,039 $3,737 2.71%
60-80% 1,359 $313,675,000 $230,813 $4,070 2.94%
80-100% 3,316 $707,630,000 $213,399 $4,807 2.96%
Over 100% 36 $9,790,000 $271,944 $11,916 2.74%
Under 20% 2 $170,000 $85,000 $2,551 2.81%