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 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.
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Originations
37Origination Dollar Volume (All Markets)
$2,025,000Top 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) | 37 | $2,025,000 | $54,730 | $0 | 3.67% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $2,025,000 | $54,730 | $0 | 3.67% |
For 2019, Greater Pittsburgh Police's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
For 2019, Greater Pittsburgh Police's most frequently cited loan purpose was Home Improvement, with 16 originations. The 2nd most popular reason was Other, with 8 originations.
Loan Duration/Length
For 2019, Greater Pittsburgh Police's most frequently cited loan duration was 5 Year, with 14 originations. The 2nd most popular length was 10 Year, with 10 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 37 | $2,025,000 | $54,730 |
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 37 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 25 | $1,305,000 | $52,200 |
| 2.5-3% | 8 | $450,000 | $56,250 |
| 4-5% | 4 | $270,000 | $67,500 |
During 2019, 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 25 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 36 | $1,880,000 | $52,222 | $0 | 3.69% |
| $100k-200k | 1 | $145,000 | $145,000 | $0 | 2.99% |
2019 saw Greater Pittsburgh Police place emphasis on $100,000 or less loans with 36 originations, totaling $1,880,000 in origination value.
Applicant Income
Greater Pittsburgh Police lent most frequently to those with incomes in the $75k-100k range, with 11 originations. The second most popular income band? $100k-150k, with 9 originations.
Applicant Debt to Income Ratio
Greater Pittsburgh Police lent most frequently to those with DTI ratios of <20%, with 13 originations. The next most common DTI ratio? 20-30%, with 11 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.43%
Greater Pittsburgh Police has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 37 | $2,025,000 | $54,730 |