Ameriserv Financial Bank Mortgage Rates, Fees & Info

Johnstown, PA

LEI: 54930089UXPZ6O3RHG71

Tax ID: 25-0851535

Latest/2024 | 2023 Data | 2022 Data | 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Philadelphia, Johnstown, Pittsburgh, State College, and Somerset among others. We have data for 34 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 an 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

434

Origination Dollar Volume (All Markets)

$75,390,000

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 59 $12,545,000 $212,627 $0 0.00%
JOHNSTOWN, PA (FHA|USDA|VA) 126 $11,530,000 $91,508 $0 0.00%
PITTSBURGH, PA (FHA|USDA|VA) 61 $11,255,000 $184,508 $0 0.00%
STATE COLLEGE, PA (FHA|USDA|VA) 46 $11,020,000 $239,565 $0 0.00%
Somerset, PA (FHA|USDA|VA) 41 $4,995,000 $121,829 $0 0.00%
WILLIAMSPORT, PA (FHA|USDA|VA) 4 $4,310,000 $1,077,500 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $2,825,000 $2,825,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $2,010,000 $1,005,000 $0 0.00%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 8 $1,670,000 $208,750 $0 0.00%
ERIE, PA (FHA|USDA|VA) 3 $1,655,000 $551,667 $0 0.00%
LANCASTER, PA (FHA|USDA|VA) 8 $1,480,000 $185,000 $0 0.00%
DuBois, PA (FHA|USDA|VA) 7 $1,385,000 $197,857 $0 0.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 7 $1,265,000 $180,714 $0 0.00%
Meadville, PA (FHA|USDA|VA) 2 $1,000,000 $500,000 $0 0.00%
Indiana, PA (FHA|USDA|VA) 12 $830,000 $69,167 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $690,000 $172,500 $0 0.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 6 $650,000 $108,333 $0 0.00%
ALTOONA, PA (FHA|USDA|VA) 3 $555,000 $185,000 $0 0.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $545,000 $109,000 $0 0.00%
Outside of Metro Areas 3 $495,000 $165,000 $0 0.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $455,000 $91,000 $0 0.00%
Oil City, PA (FHA|USDA|VA) 3 $325,000 $108,333 $0 0.00%
READING, PA (FHA|USDA|VA) 3 $315,000 $105,000 $0 0.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
Lewistown, PA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Pottsville, PA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Huntingdon, PA (FHA|USDA|VA) 2 $140,000 $70,000 $0 0.00%
Warren, PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
LEBANON, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
New Castle, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Sunbury, PA (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
Ameriserv Financial Bank's top markets include Philadelphia, Johnstown, Pittsburgh, State College, and Somerset among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • 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.

    Columbia Bank
    Similarity Rank: 32
    TRI BORO
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    County Savings Bank
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    Kish Bank
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    Sail Mortgage Corp.
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    FREEDOM CREDIT UNION
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    Washington Financial Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 424 $73,540,000 $173,443 $0 0.00%
    FHA 9 $1,725,000 $191,667 $0 0.00%
    VA 1 $125,000 $125,000 $0 0.00%

    For 2024, Ameriserv Financial Bank's most frequently originated type of loan was Conventional, with 424 originations. Their 2nd most popular type was FHA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 146 $35,490,000 $243,082 $0 0.00%
    Home Improvement 127 $14,095,000 $110,984 $0 0.00%
    Refi 100 $18,570,000 $185,700 $0 0.00%
    Other 54 $6,030,000 $111,667 $0 0.00%
    Cash Out Refi 7 $1,205,000 $172,143 $0 0.00%

    For 2024, Ameriserv Financial Bank's most frequently cited loan purpose was Home Purchase, with 146 originations. The 2nd most popular reason was Home Improvement, with 127 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 434 $75,390,000 $173,710 $0 0.00%

    For 2024, Ameriserv Financial Bank's most frequently cited loan duration was Other, with 434 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 189 $9,785,000 $51,772 $0 0.00%
    $100k-200k 144 $20,160,000 $140,000 $0 0.00%
    $200k-400k 78 $21,300,000 $273,077 $0 0.00%
    $400k-600k 10 $4,920,000 $492,000 $0 0.00%
    $600k-1MM 7 $5,295,000 $756,429 $0 0.00%
    $1MM+ 6 $13,930,000 $2,321,667 $0 0.00%

    2024 saw Ameriserv Financial Bank place emphasis on $100,000 or less loans with 189 originations, totaling $9,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 101 $13,445,000 $133,119 $0 0.00%
    $150k-250k 86 $15,500,000 $180,233 $0 0.00%
    $50k-75k 65 $6,085,000 $93,615 $0 0.00%
    $75k-100k 60 $6,770,000 $112,833 $0 0.00%
    $50k or less 46 $2,940,000 $63,913 $0 0.00%
    $250k+ 27 $9,025,000 $334,259 $0 0.00%

    Ameriserv Financial Bank lent most frequently to those with incomes in the $100k-150k range, with 101 originations. The second most popular income band? $150k-250k, with 86 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 434 $75,390,000 $173,710 $0 0.00%

    Ameriserv Financial Bank lent most frequently to those with DTI ratios of Exempt%, with 434 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 379 $50,885,000 $134,261 $0 0.00%
    Not applicable 30 $20,060,000 $668,667 $0 0.00%
    Asian 7 $1,765,000 $252,143 $0 0.00%
    Not provided 12 $1,440,000 $120,000 $0 0.00%
    Black 5 $1,005,000 $201,000 $0 0.00%
    American Indian 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.41%

    Ameriserv Financial Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    91.01%

    Ameriserv Financial Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 434 $75,390,000 $173,710

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    434 $75,390,000 $173,710