Howard Hanna Financial Services Mortgage Rates, Fees & Info

PITTSBURGH, PA

LEI: 549300157R33LDICP344

Tax ID: 25-1447459

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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

    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, Harrisburg, Erie, New Castle, and York among others. We have data for 22 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 a low 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% 4/21/24
    30 Year Conventional Refi 6.62% 4/21/24
    30 Year Cash-out Refi 6.78% 4/21/24
    30 Year FHA Purchase 7.50% 4/21/24
    30 Year FHA Refi 6.27% 4/21/24
    30 Year VA Purchase 6.43% 4/21/24
    30 Year USDA Purchase 6.95% 4/21/24
    15 Year Conventional Purchase 5.89% 4/21/24
    15 Year Conventional Refi 5.79% 4/21/24
    15 Year Cash-out Refi 5.79% 4/21/24
    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

    2,226

    Origination Dollar Volume (All Markets)

    $429,410,000
    Show all (20) 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
    PITTSBURGH, PA (FHA|USDA|VA) 1,787 $362,775,000 $203,008 $4,377 3.97%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 77 $13,835,000 $179,675 $3,991 4.08%
    ERIE, PA (FHA|USDA|VA) 100 $12,610,000 $126,100 $3,847 4.04%
    New Castle, PA (FHA|USDA|VA) 82 $10,080,000 $122,927 $3,543 3.96%
    YORK-HANOVER, PA (FHA|USDA|VA) 42 $7,730,000 $184,048 $4,166 4.10%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 57 $7,335,000 $128,684 $4,072 3.91%
    LANCASTER, PA (FHA|USDA|VA) 30 $7,120,000 $237,333 $5,283 4.02%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $1,135,000 $227,000 $6,031 3.93%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $1,065,000 $213,000 $5,858 3.95%
    Meadville, PA (FHA|USDA|VA) 10 $1,060,000 $106,000 $3,877 3.98%
    Outside of Metro Areas 6 $1,040,000 $173,333 $4,198 4.35%
    Somerset, PA (FHA|USDA|VA) 7 $995,000 $142,143 $4,186 3.82%
    LEBANON, PA (FHA|USDA|VA) 3 $625,000 $208,333 $3,677 4.50%
    Indiana, PA (FHA|USDA|VA) 5 $535,000 $107,000 $2,999 4.03%
    GETTYSBURG, PA (FHA|USDA|VA) 2 $470,000 $235,000 $2,445 4.19%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $195,000 $195,000 $4,208 3.75%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,994 3.63%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $175,000 $175,000 $4,180 4.00%
    Oil City, PA (FHA|USDA|VA) 2 $170,000 $85,000 $3,354 3.75%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $115,000 $115,000 $6,027 3.50%
    Bradford, PA (FHA|USDA|VA) 1 $95,000 $95,000 $1,647 3.50%
    Sunbury, PA (FHA|USDA|VA) 1 $65,000 $65,000 $4,074 3.25%
    Howard Hanna Financial Services's top markets include Pittsburgh, Harrisburg, Erie, New Castle, and York among others.

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

    • Similar Lenders

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

    Bay Area Credit Union, Inc.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,548 $327,610,000 $211,634 $4,062 3.94%
    FHA 568 $81,340,000 $143,204 $4,872 4.08%
    VA 86 $17,550,000 $204,070 $5,305 4.03%
    USDA 24 $2,910,000 $121,250 $3,026 4.03%

    For 2019, Howard Hanna Financial Services's most frequently originated type of loan was Conventional, with 1,548 originations. Their 2nd most popular type was FHA, with 568 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,138 $407,930,000 $190,800 $4,287 3.99%
    Refi 68 $17,680,000 $260,000 $4,569 3.52%
    Cash Out Refi 17 $3,255,000 $191,471 $5,225 3.78%
    Other 3 $545,000 $181,667 $6,641 3.83%

    For 2019, Howard Hanna Financial Services's most frequently cited loan purpose was Home Purchase, with 2,138 originations. The 2nd most popular reason was Refi, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,119 $407,175,000 $192,154 $4,320 4.00%
    15 Year 88 $17,800,000 $202,273 $3,986 3.51%
    20 Year 17 $3,745,000 $220,294 $4,082 3.76%
    10 Year 2 $690,000 $345,000 $5,300 3.56%

    For 2019, Howard Hanna Financial Services's most frequently cited loan duration was 30 Year, with 2,119 originations. The 2nd most popular length was 15 Year, with 88 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,176 $202,650,000 $172,321
    $<1k 595 $105,745,000 $177,723
    $2k-3k 357 $87,535,000 $245,196
    $3k-4k 70 $22,320,000 $318,857
    $4k-5k 18 $6,880,000 $382,222
    $5k+ 10 $4,280,000 $428,000

    Howard Hanna Financial Services's average total fees were $4,320, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,176 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,340 $269,240,000 $200,925
    4-5% 832 $151,210,000 $181,743
    5-6% 26 $4,760,000 $183,077
    2.5-3% 25 $3,915,000 $156,600
    6-7% 3 $285,000 $95,000

    During 2019, Howard Hanna Financial Services's average interest rate for loans was 4.00%, while their most frequently originated rate bucket for loans was 3-4%, with 1,340 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,054 $154,560,000 $146,641 $4,066 3.98%
    $200k-400k 725 $195,705,000 $269,938 $4,923 3.92%
    $100,000 or less 342 $26,110,000 $76,345 $3,061 4.08%
    $400k-600k 86 $40,020,000 $465,349 $6,129 3.93%
    $600k-1MM 18 $11,930,000 $662,778 $8,102 4.19%
    $1MM+ 1 $1,085,000 $1,085,000 $9,610 3.88%

    2019 saw Howard Hanna Financial Services place emphasis on $100k-200k loans with 1,054 originations, totaling $154,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 608 $92,600,000 $152,303 $4,121 3.97%
    $50k or less 459 $49,385,000 $107,593 $3,535 4.02%
    $100k-150k 418 $98,300,000 $235,167 $4,616 3.94%
    $75k-100k 402 $76,170,000 $189,478 $4,338 4.02%
    $150k-250k 252 $77,660,000 $308,175 $5,002 3.92%
    $250k+ 87 $35,295,000 $405,690 $6,005 4.03%

    Howard Hanna Financial Services lent most frequently to those with incomes in the $50k-75k range, with 608 originations. The second most popular income band? $50k or less, with 459 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 531 $101,805,000 $191,723 $4,081 3.95%
    30-36% 430 $82,090,000 $190,907 $4,204 3.99%
    <20% 174 $37,020,000 $212,759 $4,421 3.84%
    50-60% 128 $20,440,000 $159,688 $4,993 4.00%
    44% 88 $17,600,000 $200,000 $4,264 4.08%
    39% 88 $16,730,000 $190,114 $4,495 3.97%
    41% 81 $14,925,000 $184,259 $4,096 4.10%
    38% 81 $16,845,000 $207,963 $4,111 4.04%
    36% 79 $15,505,000 $196,266 $4,268 4.00%
    40% 79 $14,475,000 $183,228 $4,424 3.98%
    37% 70 $13,680,000 $195,429 $4,305 3.95%
    43% 69 $13,045,000 $189,058 $4,332 3.90%
    45% 63 $11,885,000 $188,651 $4,500 3.94%
    42% 60 $10,460,000 $174,333 $4,340 4.10%
    48% 59 $11,365,000 $192,627 $4,599 3.94%
    46% 57 $12,805,000 $224,649 $4,697 4.09%
    49% 52 $10,500,000 $201,923 $4,444 4.03%
    47% 37 $8,235,000 $222,568 $4,450 3.97%

    Howard Hanna Financial Services lent most frequently to those with DTI ratios of 20-30%, with 531 originations. The next most common DTI ratio? 30-36%, with 430 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,022 $387,840,000 $191,810 $4,294 3.98%
    Not provided 62 $14,830,000 $239,194 $5,118 3.98%
    Black 80 $13,360,000 $167,000 $3,875 4.11%
    Asian 49 $10,225,000 $208,673 $4,329 3.84%
    Asian Indian 3 $1,005,000 $335,000 $6,071 3.63%
    American Indian 3 $725,000 $241,667 $3,881 3.83%
    Chinese 2 $450,000 $225,000 $4,623 4.13%
    Other Asian 2 $320,000 $160,000 $4,111 3.69%
    Japanese 1 $305,000 $305,000 $5,630 3.50%
    Other Pacific Islander 1 $195,000 $195,000 $3,492 4.25%
    Native Hawaiian or Islander 1 $155,000 $155,000 $6,174 4.25%

    Approval Rates

    Total approvals of all applications
    97.24%

    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
    82.17%

    Howard Hanna Financial Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,226 $429,410,000 $192,907

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 7 $1,035,000 $147,857
    Single Family (1-4 Units):Site-Built 2,219 $428,375,000 $193,049

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $3,330,000 $128,077 $3,592 3.82%
    40-60% 82 $14,420,000 $175,854 $3,932 3.68%
    60-80% 466 $100,870,000 $216,459 $4,481 3.90%
    80-100% 1,632 $306,840,000 $188,015 $4,245 4.02%
    Over 100% 20 $3,950,000 $197,500 $7,656 3.93%