Penncrest Bank Mortgage Rates, Fees & Info
Altoona, PALEI: 5493004QMY56VOFMPG66
Tax ID: 23-0485486
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Mortgage Data
Review & Overview
Penncrest Bank is a smaller bank specializing in Home Purchase loans. Penncrest Bank has a high proportion of conventional loans. Their top markets by origination volume include: Johnstown, Altoona, Philadelphia, Pittsburgh, and Somerset among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Penncrest Bank 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
196Origination Dollar Volume (All Markets)
$17,990,000Top 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 |
|---|---|---|---|---|---|
| JOHNSTOWN, PA (FHA|USDA|VA) | 114 | $10,960,000 | $96,140 | $0 | 0.00% |
| ALTOONA, PA (FHA|USDA|VA) | 65 | $4,415,000 | $67,923 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $945,000 | $135,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 0.00% |
| Somerset, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Indiana, PA (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 0.00% |
| DuBois, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 196 | $17,990,000 | $91,786 | $0 | 0.00% |
For 2024, Penncrest Bank's most frequently originated type of loan was Conventional, with 196 originations.
Loan Reason
For 2024, Penncrest Bank's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Home Improvement, with 47 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 196 | $17,990,000 | $91,786 | $0 | 0.00% |
For 2024, Penncrest Bank's most frequently cited loan duration was Other, with 196 originations.
Loan Sizing
2024 saw Penncrest Bank place emphasis on $100,000 or less loans with 142 originations, totaling $6,380,000 in origination value.
Applicant Income
Penncrest Bank lent most frequently to those with incomes in the $100k-150k range, with 59 originations. The second most popular income band? $50k-75k, with 48 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 196 | $17,990,000 | $91,786 | $0 | 0.00% |
Penncrest Bank lent most frequently to those with DTI ratios of Exempt%, with 196 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.74%
Penncrest Bank has an average approval rate.
Pick Rate
Approvals leading to origination93.37%
Penncrest Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 196 | $17,990,000 | $91,786 |