Howard Hanna Financial Services Mortgage Rates, Fees & Info
PITTSBURGH, PALEI: 549300157R33LDICP344
Tax ID: 25-1447459
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Mortgage Data
Review & 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 by origination volume include: Cleveland, Pittsburgh, Akron, Youngstown, and Erie among others. We have data for 51 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.61% | 12/16/24 |
| 30 Year Conventional Refi | 6.62% | 12/16/24 |
| 30 Year Cash-out Refi | 6.78% | 12/16/24 |
| 30 Year FHA Purchase | 7.50% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.43% | 12/16/24 |
| 30 Year USDA Purchase | 6.95% | 12/16/24 |
| 15 Year Conventional Purchase | 5.89% | 12/16/24 |
| 15 Year Conventional Refi | 5.79% | 12/16/24 |
| 15 Year Cash-out Refi | 5.79% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,103Origination Dollar Volume (All Markets)
$1,098,115,000Awards
HOWARD HANNA FINANCIAL SERVICES - 2021
HOWARD HANNA FINANCIAL SERVICES is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| 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% |
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Product Mix
For 2021, Howard Hanna Financial Services's most frequently originated type of loan was Conventional, with 4,185 originations. Their 2nd most popular type was FHA, with 721 originations.
Loan Reason
For 2021, Howard Hanna Financial Services's most frequently cited loan purpose was Home Purchase, with 4,353 originations. The 2nd most popular reason was Refi, with 576 originations.
Loan Duration/Length
For 2021, Howard Hanna Financial Services's most frequently cited loan duration was 30 Year, with 4,553 originations. The 2nd most popular length was 15 Year, with 412 originations.
Origination Fees/Closing Costs
Howard Hanna Financial Services's average total fees were $4,670, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.98%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,898 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications98.21%
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 origination83.97%
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 |