Greater Pittsburgh Police Mortgage Rates, Fees & Info
Pittsburgh, PALEI: 5493001XNU40KOITE062
Tax ID: 25-0974249
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Mortgage Data
Review & Overview
Greater Pittsburgh Police is a smaller mortgage company specializing in Home Improvement, Other, and Cash Out Refi loans. Greater Pittsburgh Police has a high proportion of conventional loans. Their top (well, only) market is Pittsburgh.Greater Pittsburgh Police has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
71Origination Dollar Volume (All Markets)
$4,105,000Top 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) | 71 | $4,105,000 | $57,817 | $1,073 | 4.97% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 71 | $4,105,000 | $57,817 | $1,073 | 4.97% |
For 2023, Greater Pittsburgh Police's most frequently originated type of loan was Conventional, with 71 originations.
Loan Reason
For 2023, Greater Pittsburgh Police's most frequently cited loan purpose was Home Improvement, with 25 originations. The 2nd most popular reason was Other, with 24 originations.
Loan Duration/Length
For 2023, Greater Pittsburgh Police's most frequently cited loan duration was 15 Year, with 18 originations. The 2nd most popular length was 10 Year, with 17 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 64 | $3,290,000 | $51,406 |
| $1k-2k | 3 | $455,000 | $151,667 |
| $2k-3k | 1 | $135,000 | $135,000 |
Greater Pittsburgh Police's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 64 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 33 | $2,275,000 | $68,939 |
| 4-5% | 31 | $1,545,000 | $49,839 |
| 3-4% | 3 | $75,000 | $25,000 |
| 6-7% | 3 | $195,000 | $65,000 |
| <2.5% | 1 | $15,000 | $15,000 |
During 2023, Greater Pittsburgh Police's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 33 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 66 | $3,360,000 | $50,909 | $110 | 4.95% |
| $100k-200k | 5 | $745,000 | $149,000 | $2,036 | 5.31% |
2023 saw Greater Pittsburgh Police place emphasis on $100,000 or less loans with 66 originations, totaling $3,360,000 in origination value.
Applicant Income
Greater Pittsburgh Police lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $75k-100k, with 15 originations.
Applicant Debt to Income Ratio
Greater Pittsburgh Police lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? 30-36%, with 15 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 64 | $3,680,000 | $57,500 | $1,073 | 4.96% |
| Black | 6 | $380,000 | $63,333 | $0 | 5.07% |
| Not provided | 1 | $45,000 | $45,000 | $0 | 5.25% |
Approval Rates
Total approvals of all applications87.36%
Greater Pittsburgh Police has an average approval rate.
Pick Rate
Approvals leading to origination95.77%
Greater Pittsburgh Police has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 71 | $4,105,000 | $57,817 |