Greater Pittsburgh Police Mortgage Rates, Fees & Info
Pittsburgh, PALEI: 5493001XNU40KOITE062
Tax ID: 25-0974249
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Greater Pittsburgh Police is a smaller mortgage company specializing in Other, Home Improvement, and Cash Out Refi loans. Greater Pittsburgh Police has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Somerset, and Chambersburg among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Greater Pittsburgh Police has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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.
Originations
51Origination Dollar Volume (All Markets)
$2,985,000Top 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) | 49 | $2,905,000 | $59,286 | $0 | 3.92% |
| Somerset, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.75% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 2.75% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $2,985,000 | $58,529 | $0 | 3.87% |
For 2018, Greater Pittsburgh Police's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
For 2018, Greater Pittsburgh Police's most frequently cited loan purpose was Other, with 19 originations. The 2nd most popular reason was Home Improvement, with 17 originations.
Loan Duration/Length
For 2018, Greater Pittsburgh Police's most frequently cited loan duration was 15 Year, with 14 originations. The 2nd most popular length was 10 Year, with 12 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 51 | $2,985,000 | $58,529 |
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 51 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 20 | $1,120,000 | $56,000 |
| 4-5% | 16 | $970,000 | $60,625 |
| 2.5-3% | 12 | $610,000 | $50,833 |
| 5-6% | 3 | $285,000 | $95,000 |
During 2018, Greater Pittsburgh Police's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 20 originations.
Loan Sizing
2018 saw Greater Pittsburgh Police place emphasis on $100,000 or less loans with 46 originations, totaling $2,220,000 in origination value.
Applicant Income
Greater Pittsburgh Police lent most frequently to those with incomes in the $75k-100k range, with 14 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
Greater Pittsburgh Police lent most frequently to those with DTI ratios of 20-30%, with 19 originations. The next most common DTI ratio? <20%, with 17 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 42 | $2,280,000 | $54,286 | $0 | 3.78% |
| Black | 9 | $705,000 | $78,333 | $0 | 4.27% |
Approval Rates
Total approvals of all applications90.16%
Greater Pittsburgh Police has an average approval rate.
Pick Rate
Approvals leading to origination94.12%
Greater Pittsburgh Police has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 51 | $2,985,000 | $58,529 |