Commercial Bank And Trust Of Pa Mortgage Rates, Fees & Info
Latrobe, PALEI: 549300179EG8J5FHBS95
Tax ID: 25-0415360
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Mortgage Data
Review & Overview
Commercial Bank And Trust Of Pa is a smaller bank specializing in Home Purchase and Refi loans. Commercial Bank And Trust Of Pa has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Somerset, and Indiana among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Commercial Bank And Trust Of Pa has an 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
113Origination Dollar Volume (All Markets)
$16,225,000Top 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) | 109 | $15,415,000 | $141,422 | $0 | 0.00% |
| Somerset, PA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $0 | 0.00% |
| Indiana, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Commercial Bank and Trust of PA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 113 | $16,225,000 | $143,584 | $0 | 0.00% |
For 2022, Commercial Bank And Trust Of Pa's most frequently originated type of loan was Conventional, with 113 originations.
Loan Reason
For 2022, Commercial Bank And Trust Of Pa's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Refi, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 113 | $16,225,000 | $143,584 | $0 | 0.00% |
For 2022, Commercial Bank And Trust Of Pa's most frequently cited loan duration was Other, with 113 originations.
Loan Sizing
2022 saw Commercial Bank And Trust Of Pa place emphasis on $100,000 or less loans with 51 originations, totaling $2,265,000 in origination value.
Applicant Income
Commercial Bank And Trust Of Pa lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $75k-100k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 113 | $16,225,000 | $143,584 | $0 | 0.00% |
Commercial Bank And Trust Of Pa lent most frequently to those with DTI ratios of Exempt%, with 113 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 92 | $11,760,000 | $127,826 | $0 | 0.00% |
| Not applicable | 21 | $4,465,000 | $212,619 | $0 | 0.00% |
Approval Rates
Total approvals of all applications76.11%
Commercial Bank And Trust Of Pa has a below average approval rate.
Pick Rate
Approvals leading to origination78.76%
Commercial Bank And Trust Of Pa has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 113 | $16,225,000 | $143,584 |