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

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Ameriserv Financial Bank is a smaller bank specializing in Home Purchase and Refi loans. Ameriserv Financial Bank has an average proportion of conventional 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: State College, Pittsburgh, Johnstown, Philadelphia, and Youngstown among others. We have data for 32 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 about average 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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    Originations

    382

    Origination Dollar Volume (All Markets)

    $77,000,000
    Show all (7) awards

    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
    STATE COLLEGE, PA (FHA|USDA|VA) 48 $23,620,000 $492,083 $4,646 5.88%
    PITTSBURGH, PA (FHA|USDA|VA) 73 $18,955,000 $259,658 $5,261 6.00%
    JOHNSTOWN, PA (FHA|USDA|VA) 103 $8,865,000 $86,068 $3,102 6.19%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 40 $5,830,000 $145,750 $10,347 5.87%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 4 $4,840,000 $1,210,000 $5,622 6.00%
    Somerset, PA (FHA|USDA|VA) 25 $2,265,000 $90,600 $7,520 5.44%
    ALTOONA, PA (FHA|USDA|VA) 6 $1,310,000 $218,333 $2,911 6.37%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 12 $1,280,000 $106,667 $3,418 5.81%
    LANCASTER, PA (FHA|USDA|VA) 6 $1,160,000 $193,333 $5,244 5.88%
    Outside of Metro Areas 8 $1,060,000 $132,500 $4,598 5.94%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,005,000 $335,000 $0 6.67%
    Indiana, PA (FHA|USDA|VA) 8 $780,000 $97,500 $4,496 6.66%
    YORK-HANOVER, PA (FHA|USDA|VA) 6 $760,000 $126,667 $3,532 7.00%
    ERIE, PA (FHA|USDA|VA) 2 $680,000 $340,000 $0 6.60%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $525,000 $525,000 $0 6.50%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 5 $495,000 $99,000 $2,481 5.88%
    DuBois, PA (FHA|USDA|VA) 2 $410,000 $205,000 $3,068 6.37%
    Huntingdon, PA (FHA|USDA|VA) 2 $400,000 $200,000 $3,443 6.25%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $385,000 $128,333 $6,004 5.63%
    READING, PA (FHA|USDA|VA) 5 $375,000 $75,000 $0 0.00%
    Meadville, PA (FHA|USDA|VA) 3 $345,000 $115,000 $3,206 6.06%
    New Castle, PA (FHA|USDA|VA) 2 $340,000 $170,000 $0 6.75%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $295,000 $98,333 $3,042 5.63%
    Pottsville, PA (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
    Sunbury, PA (FHA|USDA|VA) 1 $175,000 $175,000 $2,952 6.88%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
    Oil City, PA (FHA|USDA|VA) 1 $115,000 $115,000 $2,434 5.50%
    Lewistown, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,068 6.25%
    LEBANON, PA (FHA|USDA|VA) 2 $90,000 $45,000 $0 0.00%
    Bradford, PA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Warren, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Ameriserv Financial Bank's top markets include State College, Pittsburgh, Johnstown, Philadelphia, and Youngstown among others.

    Their top states include:
  • Pennsylvania (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.

    Republic Bank
    Similarity Rank: 21
    TRI BORO
    Similarity Rank: 24
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 77
    Reliance Savings Bank
    Similarity Rank: 108
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 128
    County Savings Bank
    Similarity Rank: 135
    Columbia Bank
    Similarity Rank: 156
    Kish Bank
    Similarity Rank: 216
    InFirst Bank
    Similarity Rank: 300
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 392

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 235 $21,295,000 $90,617 $0 0.00%
    Conventional 136 $52,600,000 $386,765 $3,981 6.08%
    FHA 10 $2,860,000 $286,000 $10,425 5.85%
    VA 1 $245,000 $245,000 $3,578 6.49%

    For 2023, Ameriserv Financial Bank's most frequently originated type of loan was Conventional, with 235 originations. Their 2nd most popular type was Conventional, with 136 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 150 $40,930,000 $272,867 $4,509 6.00%
    Home Improvement 94 $7,740,000 $82,340 $0 6.40%
    Refi 88 $24,530,000 $278,750 $2,464 6.68%
    Other 47 $3,065,000 $65,213 $0 0.00%
    Cash Out Refi 3 $735,000 $245,000 $5,739 6.67%

    For 2023, Ameriserv Financial Bank's most frequently cited loan purpose was Home Purchase, with 150 originations. The 2nd most popular reason was Home Improvement, with 94 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 235 $21,295,000 $90,617 $0 0.00%
    30 Year 109 $22,305,000 $204,633 $4,358 5.94%
    10 Year 20 $25,860,000 $1,293,000 $0 6.88%
    15 Year 7 $2,325,000 $332,143 $4,396 5.78%
    30+ year 6 $3,100,000 $516,667 $7,406 5.63%
    5 Year 3 $1,435,000 $478,333 $0 6.63%
    20 Year 1 $175,000 $175,000 $3,946 5.63%
    3 Year 1 $505,000 $505,000 $0 6.49%

    For 2023, Ameriserv Financial Bank's most frequently cited loan duration was Other, with 235 originations. The 2nd most popular length was 30 Year, with 109 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 95 $18,885,000 $198,789
    $1k-2k 12 $2,370,000 $197,500
    $2k-3k 6 $2,660,000 $443,333
    $4k-5k 6 $2,140,000 $356,667
    $5k+ 2 $630,000 $315,000
    $3k-4k 1 $335,000 $335,000

    Ameriserv Financial Bank's average total fees were $4,358, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 95 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 66 $16,000,000 $242,424
    6-7% 56 $22,350,000 $399,107
    7-8% 17 $15,535,000 $913,824
    4-5% 8 $1,820,000 $227,500

    During 2023, Ameriserv Financial Bank's average interest rate for loans was 5.94%, while their most frequently originated rate bucket for loans was 5-6%, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 176 $8,980,000 $51,023 $2,433 6.19%
    $100k-200k 113 $15,965,000 $141,283 $3,261 5.99%
    $200k-400k 67 $17,675,000 $263,806 $5,555 6.07%
    $400k-600k 11 $5,105,000 $464,091 $8,705 5.86%
    $1MM+ 8 $24,470,000 $3,058,750 $0 6.60%
    $600k-1MM 7 $4,805,000 $686,429 $7,909 5.96%

    2023 saw Ameriserv Financial Bank place emphasis on $100,000 or less loans with 176 originations, totaling $8,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 81 $11,565,000 $142,778 $5,532 6.02%
    $150k-250k 78 $15,000,000 $192,308 $6,293 5.81%
    $75k-100k 61 $6,775,000 $111,066 $4,006 5.97%
    $50k or less 48 $3,590,000 $74,792 $2,549 5.89%
    $50k-75k 46 $4,060,000 $88,261 $3,400 5.88%
    $250k+ 25 $5,635,000 $225,400 $7,248 6.60%

    Ameriserv Financial Bank lent most frequently to those with incomes in the $100k-150k range, with 81 originations. The second most popular income band? $150k-250k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 235 $21,295,000 $90,617 $0 0.00%
    20-30% 32 $6,150,000 $192,188 $4,268 5.82%
    30-36% 27 $5,735,000 $212,407 $4,999 6.03%
    <20% 16 $2,890,000 $180,625 $3,808 5.87%
    40% 6 $1,780,000 $296,667 $5,966 5.77%
    41% 5 $735,000 $147,000 $3,331 5.97%
    38% 5 $1,415,000 $283,000 $4,015 5.92%
    36% 4 $1,360,000 $340,000 $6,101 6.31%
    39% 4 $720,000 $180,000 $3,104 6.12%
    45% 4 $1,000,000 $250,000 $4,157 5.34%
    44% 3 $855,000 $285,000 $8,027 6.16%
    42% 3 $605,000 $201,667 $3,588 5.91%
    37% 3 $845,000 $281,667 $3,446 6.13%
    50-60% 3 $1,095,000 $365,000 $5,269 5.54%
    49% 2 $550,000 $275,000 $3,874 5.69%
    46% 2 $360,000 $180,000 $4,099 6.37%
    47% 1 $305,000 $305,000 $6,318 5.25%
    48% 1 $435,000 $435,000 $4,259 6.13%
    43% 1 $185,000 $185,000 $3,770 6.38%

    Ameriserv Financial Bank lent most frequently to those with DTI ratios of Exempt%, with 235 originations. The next most common DTI ratio? 20-30%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 319 $42,455,000 $133,088 $4,495 5.97%
    Not applicable 22 $28,680,000 $1,303,636 $0 6.81%
    Not provided 26 $3,100,000 $119,231 $4,968 6.63%
    Asian 7 $1,915,000 $273,571 $6,232 5.35%
    Black 8 $850,000 $106,250 $3,312 5.77%

    Approval Rates

    Total approvals of all applications
    81.14%

    Ameriserv Financial Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.48%

    Ameriserv Financial Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 235 $21,295,000 $90,617
    NA 147 $55,705,000 $378,946

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    382 $77,000,000 $201,571

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,165,000 $166,429 $3,565 6.22%
    40-60% 14 $16,810,000 $1,200,714 $3,759 5.97%
    60-80% 44 $18,060,000 $410,455 $4,544 6.05%
    80-100% 82 $19,670,000 $239,878 $4,642 6.08%