Greater Pittsburgh Police Mortgage Rates, Fees & Info
Pittsburgh, PALEI: 5493001XNU40KOITE062
Tax ID: 25-0974249
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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 average pick rate when compared to similar lenders.
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Originations
58Origination Dollar Volume (All Markets)
$3,710,000Top 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) | 57 | $3,655,000 | $64,123 | $110 | 5.24% |
| Outside of Metro Areas | 1 | $55,000 | $55,000 | $560 | 4.70% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 58 | $3,710,000 | $63,966 | $200 | 5.24% |
For 2024, Greater Pittsburgh Police's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
For 2024, Greater Pittsburgh Police's most frequently cited loan purpose was Home Improvement, with 25 originations. The 2nd most popular reason was Other, with 18 originations.
Loan Duration/Length
For 2024, Greater Pittsburgh Police's most frequently cited loan duration was 10 Year, with 25 originations. The 2nd most popular length was 5 Year, with 15 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 50 | $2,540,000 | $50,800 |
| $2k-3k | 3 | $885,000 | $295,000 |
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 50 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 32 | $2,180,000 | $68,125 |
| 4-5% | 21 | $1,295,000 | $61,667 |
| 6-7% | 5 | $235,000 | $47,000 |
During 2024, 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 32 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 55 | $2,825,000 | $51,364 | $200 | 5.23% |
| $200k-400k | 3 | $885,000 | $295,000 | $0 | 5.27% |
2024 saw Greater Pittsburgh Police place emphasis on $100,000 or less loans with 55 originations, totaling $2,825,000 in origination value.
Applicant Income
Greater Pittsburgh Police lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $75k-100k, with 12 originations.
Applicant Debt to Income Ratio
Greater Pittsburgh Police lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? 30-36%, with 11 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.04%
Greater Pittsburgh Police has an average approval rate.
Pick Rate
Approvals leading to origination93.10%
Greater Pittsburgh Police has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 58 | $3,710,000 | $63,966 |