Greater Pittsburgh Police Mortgage Rates, Fees & Info

Pittsburgh, PA

LEI: 5493001XNU40KOITE062

Tax ID: 25-0974249

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Greater Pittsburgh Police is a smaller mortgage company specializing in 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 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.

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    Originations

    55

    Origination Dollar Volume (All Markets)

    $3,695,000

    Top 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) 55 $3,695,000 $67,182 $266 4.04%
    Greater Pittsburgh Police's top markets include and Pittsburgh among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 55 $3,695,000 $67,182 $266 4.04%

    For 2022, Greater Pittsburgh Police's most frequently originated type of loan was Conventional, with 55 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 29 $1,635,000 $56,379 $241 3.93%
    Home Improvement 12 $720,000 $60,000 $0 4.31%
    Cash Out Refi 12 $1,150,000 $95,833 $0 3.83%
    Home Purchase 2 $190,000 $95,000 $460 5.38%

    For 2022, Greater Pittsburgh Police's most frequently cited loan purpose was Other, with 29 originations. The 2nd most popular reason was Home Improvement, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 16 $1,390,000 $86,875 $110 4.08%
    5 Year 15 $525,000 $35,000 $218 3.42%
    10 Year 14 $960,000 $68,571 $473 4.04%
    20 Year 9 $805,000 $89,444 $285 4.96%
    Other 1 $15,000 $15,000 $0 4.50%

    For 2022, Greater Pittsburgh Police's most frequently cited loan duration was 15 Year, with 16 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 45 $2,895,000 $64,333

    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 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 26 $1,650,000 $63,462
    3-4% 23 $1,515,000 $65,870
    <2.5% 3 $95,000 $31,667
    5-6% 2 $290,000 $145,000
    2.5-3% 1 $145,000 $145,000

    During 2022, Greater Pittsburgh Police's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 52 $3,200,000 $61,538 $266 4.05%
    $100k-200k 3 $495,000 $165,000 $0 3.92%

    2022 saw Greater Pittsburgh Police place emphasis on $100,000 or less loans with 52 originations, totaling $3,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $1,165,000 $77,667 $291 4.19%
    $75k-100k 12 $800,000 $66,667 $0 4.23%
    $50k-75k 10 $430,000 $43,000 $110 3.77%
    $150k-250k 9 $655,000 $72,778 $448 4.02%
    $50k or less 5 $235,000 $47,000 $110 3.87%
    $250k+ 3 $265,000 $88,333 $0 4.25%

    Greater Pittsburgh Police lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $75k-100k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 19 $1,125,000 $59,211 $343 3.93%
    20-30% 14 $1,140,000 $81,429 $460 4.06%
    <20% 7 $435,000 $62,143 $110 3.66%
    40% 2 $210,000 $105,000 $0 4.18%
    41% 2 $100,000 $50,000 $0 4.25%
    43% 2 $60,000 $30,000 $0 4.50%
    39% 2 $100,000 $50,000 $110 3.80%
    36% 2 $60,000 $30,000 $0 4.88%
    38% 2 $170,000 $85,000 $460 4.78%
    44% 1 $85,000 $85,000 $0 4.50%
    45% 1 $65,000 $65,000 $0 5.00%

    Greater Pittsburgh Police lent most frequently to those with DTI ratios of 30-36%, with 19 originations. The next most common DTI ratio? 20-30%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 44 $2,950,000 $67,045 $289 4.05%
    Black 8 $570,000 $71,250 $110 3.88%
    Not provided 3 $175,000 $58,333 $435 4.33%

    Approval Rates

    Total approvals of all applications
    91.18%

    Greater Pittsburgh Police has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.55%

    Greater Pittsburgh Police has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 55 $3,695,000 $67,182

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    55 $3,695,000 $67,182

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $1,655,000 $66,200 $379 4.15%
    40-60% 6 $510,000 $85,000 $0 3.71%
    60-80% 7 $715,000 $102,143 $110 3.75%
    80-100% 2 $290,000 $145,000 $0 5.00%
    Under 20% 15 $525,000 $35,000 $218 4.00%