Service 1st Mortgage Rates, Fees & Info

Danville, PA

LEI: 549300DQW5P73YGBL063

Tax ID: 23-1975677

5 stars - Updated: 4/18/24 - out of 5 stars, based on 13 reviews

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

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Mortgage Data

Review & Overview

Service 1st is a smaller mortgage company specializing in Refi and Home Purchase loans. Service 1st has a high proportion of conventional loans. Their top markets by origination volume include: Bloomsburg, Sunbury, Scranton, Selinsgrove, and Kill Devil Hills among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

Service 1st has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Service 1st 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.41% 4/18/24
30 Year Conventional Refi 6.09% 4/18/24
30 Year Cash-out Refi 6.11% 4/18/24
15 Year Conventional Purchase 5.92% 4/18/24
15 Year Conventional Refi 6.67% 4/18/24
15 Year Cash-out Refi 6.67% 4/18/24
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.

Service 1st Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Service 1st. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

177

Origination Dollar Volume (All Markets)

$22,185,000

Relative Rate

Service 1st's average 30 year fixed mortgage rate was 6.85%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.37%.

Relative Fees (Closing Costs)

Service 1st's average total fees/closing costs for a 30 year fixed rate mortgage were $3,842.

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 $9,089.

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
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 39 $5,995,000 $153,718 $796 7.36%
Sunbury, PA (FHA|USDA|VA) 49 $3,745,000 $76,429 $709 7.35%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 23 $2,415,000 $105,000 $40 7.46%
Selinsgrove, PA (FHA|USDA|VA) 16 $2,120,000 $132,500 $1,801 7.11%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $1,395,000 $1,395,000 $7,071 6.13%
Lewisburg, PA (FHA|USDA|VA) 13 $1,365,000 $105,000 $472 7.13%
WILLIAMSPORT, PA (FHA|USDA|VA) 17 $1,305,000 $76,765 $76 7.46%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $695,000 $231,667 $0 8.25%
OCALA, FL (FHA|USDA|VA) 1 $595,000 $595,000 $5,773 7.50%
Pottsville, PA (FHA|USDA|VA) 3 $475,000 $158,333 $0 7.75%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $470,000 $235,000 $0 7.67%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $415,000 $415,000 $0 8.50%
PITTSBURGH, PA (FHA|USDA|VA) 1 $285,000 $285,000 $0 7.13%
AMES, IA (FHA|USDA|VA) 1 $275,000 $275,000 $2,551 7.38%
Outside of Metro Areas 3 $245,000 $81,667 $1,169 6.81%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $210,000 $105,000 $263 7.39%
Lock Haven, PA (FHA|USDA|VA) 1 $125,000 $125,000 $4,148 7.13%
Sayre, PA (FHA|USDA|VA) 1 $55,000 $55,000 $4,484 7.00%
Service 1st's top markets include Bloomsburg, Sunbury, Scranton, Selinsgrove, and Kill Devil Hills among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against SERVICE 1ST based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Columbia Bank & Trust Co.
    Similarity Rank: 176
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    Similarity Rank: 384
    Fulton Bank
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    GUILD MORTGAGE COMPANY
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    PRIMELENDING, A PLAINSCAPITAL COMPANY
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    QUICKEN LOANS, LLC
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 177 $22,185,000 $125,339 $830 7.35%

    For 2023, Service 1st's most frequently originated type of loan was Conventional, with 177 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 57 $7,215,000 $126,579 $347 7.42%
    Other 44 $2,210,000 $50,227 $64 7.38%
    Home Purchase 37 $9,675,000 $261,486 $3,802 7.30%
    Home Improvement 33 $1,805,000 $54,697 $56 7.33%
    Cash Out Refi 6 $1,280,000 $213,333 $3,484 6.96%

    For 2023, Service 1st's most frequently cited loan purpose was Refi, with 57 originations. The 2nd most popular reason was Other, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 67 $5,615,000 $83,806 $389 7.55%
    Other 52 $8,350,000 $160,577 $125 7.46%
    10 Year 25 $1,285,000 $51,400 $71 7.27%
    30 Year 21 $6,295,000 $299,762 $3,842 6.85%
    5 Year 9 $225,000 $25,000 $3 6.75%
    20 Year 3 $415,000 $138,333 $3,661 7.21%

    For 2023, Service 1st's most frequently cited loan duration was 15 Year, with 67 originations. The 2nd most popular length was Other, with 52 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 142 $14,070,000 $99,085
    $1k-2k 2 $320,000 $160,000
    $2k-3k 2 $180,000 $90,000

    Service 1st's average total fees were $3,842, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 142 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 91 $9,785,000 $107,527
    6-7% 52 $6,760,000 $130,000
    Over 8% 26 $2,690,000 $103,462
    5-6% 7 $2,805,000 $400,714
    4-5% 1 $145,000 $145,000

    During 2023, Service 1st's average interest rate for loans was 6.85%, while their most frequently originated rate bucket for loans was 7-8%, with 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 115 $5,455,000 $47,435 $166 7.43%
    $100k-200k 31 $4,375,000 $141,129 $2,016 7.19%
    $200k-400k 22 $5,880,000 $267,273 $2,654 7.33%
    $400k-600k 6 $2,860,000 $476,667 $5,192 7.17%
    $1MM+ 2 $2,890,000 $1,445,000 $7,071 6.06%
    $600k-1MM 1 $725,000 $725,000 $0 8.00%

    2023 saw Service 1st place emphasis on $100,000 or less loans with 115 originations, totaling $5,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 33 $1,895,000 $57,424 $566 7.36%
    $50k-75k 32 $2,780,000 $86,875 $644 7.17%
    $100k-150k 31 $2,795,000 $90,161 $717 7.12%
    $75k-100k 31 $2,355,000 $75,968 $847 7.50%
    $150k-250k 23 $3,825,000 $166,304 $1,363 7.45%
    $250k+ 10 $3,510,000 $351,000 $1,722 7.27%

    Service 1st lent most frequently to those with incomes in the $50k or less range, with 33 originations. The second most popular income band? $50k-75k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 36 $2,560,000 $71,111 $373 7.25%
    30-36% 35 $3,885,000 $111,000 $665 7.31%
    <20% 17 $1,065,000 $62,647 $64 7.10%
    >60% 12 $2,700,000 $225,000 $2,574 7.64%
    40% 8 $770,000 $96,250 $1,044 7.06%
    41% 7 $385,000 $55,000 $524 7.53%
    36% 7 $535,000 $76,429 $5 7.36%
    37% 6 $240,000 $40,000 $20 7.69%
    38% 6 $570,000 $95,000 $268 7.59%
    39% 5 $775,000 $155,000 $2,034 7.14%
    42% 4 $610,000 $152,500 $751 7.59%
    50-60% 4 $670,000 $167,500 $3,217 6.97%
    49% 2 $640,000 $320,000 $4,607 7.38%
    43% 2 $410,000 $205,000 $4,145 6.94%
    47% 2 $420,000 $210,000 $2,976 7.50%
    46% 2 $320,000 $160,000 $1,473 6.50%
    48% 1 $245,000 $245,000 $3,905 7.38%
    45% 1 $65,000 $65,000 $4,210 7.35%
    44% 1 $55,000 $55,000 $30 6.99%

    Service 1st lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? 30-36%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 155 $17,345,000 $111,903 $789 7.35%
    Not applicable 11 $3,265,000 $296,818 $0 7.65%
    Not provided 9 $1,415,000 $157,222 $1,753 7.03%
    Asian 1 $145,000 $145,000 $0 7.75%
    Black 1 $15,000 $15,000 $0 7.59%

    Approval Rates

    Total approvals of all applications
    86.73%

    Service 1st has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.61%

    Service 1st has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 177 $22,185,000 $125,339

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    177 $22,185,000 $125,339

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $2,415,000 $56,163 $215 7.46%
    40-60% 17 $3,985,000 $234,412 $661 7.34%
    60-80% 45 $7,255,000 $161,222 $1,262 7.37%
    80-100% 26 $6,330,000 $243,462 $2,978 7.20%
    Over 100% 1 $465,000 $465,000 $4,668 5.75%
    Under 20% 45 $1,735,000 $38,556 $69 7.36%