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 Other loans. Greater Pittsburgh Police has a high proportion of conventional loans. Their top (well, only) market is Pittsburgh.Greater Pittsburgh Police has an above average approval rate when compared to the average across all lenders.
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Originations
31Origination Dollar Volume (All Markets)
$1,625,000Top 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) | 31 | $1,625,000 | $52,419 | $36 | 3.96% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 31 | $1,625,000 | $52,419 | $36 | 3.96% |
For 2020, Greater Pittsburgh Police's most frequently originated type of loan was Conventional, with 31 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 26 | $1,300,000 | $50,000 | $40 | 4.09% |
| Cash Out Refi | 3 | $225,000 | $75,000 | $0 | 3.67% |
| Refi | 2 | $100,000 | $50,000 | $0 | 2.75% |
For 2020, Greater Pittsburgh Police's most frequently cited loan purpose was Other, with 26 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Loan Duration/Length
For 2020, Greater Pittsburgh Police's most frequently cited loan duration was 10 Year, with 13 originations. The 2nd most popular length was 5 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 30 | $1,570,000 | $52,333 |
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 30 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 20 | $1,010,000 | $50,500 |
| 4-5% | 5 | $275,000 | $55,000 |
| 2.5-3% | 4 | $200,000 | $50,000 |
| 5-6% | 2 | $140,000 | $70,000 |
During 2020, 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
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 31 | $1,625,000 | $52,419 | $36 | 3.96% |
2020 saw Greater Pittsburgh Police place emphasis on $100,000 or less loans with 31 originations, totaling $1,625,000 in origination value.
Applicant Income
Greater Pittsburgh Police lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k-75k, with 7 originations.
Applicant Debt to Income Ratio
Greater Pittsburgh Police lent most frequently to those with DTI ratios of 20-30%, with 10 originations. The next most common DTI ratio? <20%, with 7 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 29 | $1,505,000 | $51,897 | $45 | 3.98% |
| Black | 2 | $120,000 | $60,000 | $0 | 3.62% |
Approval Rates
Total approvals of all applications100.00%
Greater Pittsburgh Police has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $55,000 | $55,000 |
| NA | 30 | $1,570,000 | $52,333 |