Ameriserv Financial Bank Mortgage Rates, Fees & Info
Johnstown, PALEI: 54930089UXPZ6O3RHG71
Tax ID: 25-0851535
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Ameriserv Financial Bank is a smaller bank specializing in Home Purchase and Refi loans. Ameriserv Financial Bank has a high proportion of conventional loans. Ameriserv Financial Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, State College, Johnstown, Philadelphia, and Somerset among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)Ameriserv Financial Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Ameriserv Financial Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.25% | 3/24/23 |
| 30 Year Conventional Refi | 6.17% | 3/24/23 |
| 30 Year Cash-out Refi | 6.99% | 3/24/23 |
| 30 Year FHA Purchase | 6.27% | 3/24/23 |
| 15 Year Conventional Purchase | 6.48% | 3/24/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Originations
435Origination Dollar Volume (All Markets)
$76,975,000Awards
AmeriServ Financial Bank - 2022
AmeriServ Financial Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Ameriserv Financial Bank's average 30 year fixed mortgage rate was
5.19%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.43%.
Relative Fees (Closing Costs)
Ameriserv Financial Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,865.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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) | 71 | $20,045,000 | $282,324 | $3,966 | 5.04% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 43 | $11,285,000 | $262,442 | $4,927 | 4.53% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 105 | $11,035,000 | $105,095 | $3,525 | 5.23% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 64 | $9,530,000 | $148,906 | $2,655 | 4.79% |
| Somerset, PA (FHA|USDA|VA) | 36 | $2,950,000 | $81,944 | $3,802 | 5.35% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $2,855,000 | $2,855,000 | $0 | 3.99% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| ALTOONA, PA (FHA|USDA|VA) | 12 | $1,860,000 | $155,000 | $3,125 | 4.92% |
| ERIE, PA (FHA|USDA|VA) | 6 | $1,840,000 | $306,667 | $0 | 4.98% |
| Outside of Metro Areas | 7 | $1,495,000 | $213,571 | $2,853 | 4.65% |
| LANCASTER, PA (FHA|USDA|VA) | 11 | $1,465,000 | $133,182 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 7 | $1,115,000 | $159,286 | $0 | 5.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 10 | $1,110,000 | $111,000 | $0 | 0.00% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $3,582 | 4.41% |
| Indiana, PA (FHA|USDA|VA) | 11 | $1,055,000 | $95,909 | $3,441 | 5.00% |
| READING, PA (FHA|USDA|VA) | 8 | $840,000 | $105,000 | $3,955 | 5.12% |
| Huntingdon, PA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $5,568 | 4.48% |
| DuBois, PA (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $4,058 | 4.96% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $2,789 | 2.88% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 7 | $515,000 | $73,571 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,424 | 6.63% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,725 | 5.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Meadville, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| New Castle, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Oil City, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against AmeriServ Financial Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 330 | $35,940,000 | $108,909 | $0 | 0.00% |
| Conventional | 105 | $41,035,000 | $390,810 | $4,044 | 4.90% |
For 2022, Ameriserv Financial Bank's most frequently originated type of loan was Conventional, with 330 originations. Their 2nd most popular type was Conventional, with 105 originations.
Loan Reason
For 2022, Ameriserv Financial Bank's most frequently cited loan purpose was Home Improvement, with 154 originations. The 2nd most popular reason was Home Purchase, with 114 originations.
Loan Duration/Length
For 2022, Ameriserv Financial Bank's most frequently cited loan duration was Other, with 331 originations. The 2nd most popular length was 30 Year, with 49 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 44 | $10,060,000 | $228,636 |
| $1k-2k | 13 | $3,265,000 | $251,154 |
| $2k-3k | 5 | $1,715,000 | $343,000 |
Ameriserv Financial Bank's average total fees were $3,865, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 44 originations.
Interest Rates
During 2022, Ameriserv Financial Bank's average interest rate for loans was 5.19%, while their most frequently originated rate bucket for loans was 4-5%, with 31 originations.
Loan Sizing
2022 saw Ameriserv Financial Bank place emphasis on $100,000 or less loans with 205 originations, totaling $10,365,000 in origination value.
Applicant Income
Ameriserv Financial Bank lent most frequently to those with incomes in the $150k-250k range, with 98 originations. The second most popular income band? $100k-150k, with 85 originations.
Applicant Debt to Income Ratio
Ameriserv Financial Bank lent most frequently to those with DTI ratios of Exempt%, with 330 originations. The next most common DTI ratio? 20-30%, with 17 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.33%
Ameriserv Financial Bank has a below average approval rate.
Pick Rate
Approvals leading to origination88.74%
Ameriserv Financial Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 330 | $35,940,000 | $108,909 |
| NA | 105 | $41,035,000 | $390,810 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| American Financial Network Inc. | FHA mortgage | Trouble during payment process | 1 | 100.0% |