Service 1st Mortgage Rates, Fees & Info

Danville, PA

LEI: 549300DQW5P73YGBL063

Tax ID: 23-1975677

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    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, Lewisburg, Scranton, and Selinsgrove among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

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

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.41% 11/21/24
    30 Year Conventional Refi 6.09% 11/21/24
    30 Year Cash-out Refi 6.11% 11/21/24
    15 Year Conventional Purchase 5.92% 11/21/24
    15 Year Conventional Refi 6.67% 11/21/24
    15 Year Cash-out Refi 6.67% 11/21/24
    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

    232

    Origination Dollar Volume (All Markets)

    $36,160,000

    Awards

    SERVICE 1ST 30 Year Conventional Loans bronze
    Show all (1) 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
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 68 $12,770,000 $187,794 $1,436 3.99%
    Sunbury, PA (FHA|USDA|VA) 68 $8,140,000 $119,706 $1,050 4.23%
    Lewisburg, PA (FHA|USDA|VA) 16 $5,550,000 $346,875 $1,526 3.91%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 37 $2,595,000 $70,135 $919 4.29%
    Selinsgrove, PA (FHA|USDA|VA) 13 $1,895,000 $145,769 $1,192 4.10%
    WILLIAMSPORT, PA (FHA|USDA|VA) 15 $1,495,000 $99,667 $1,081 4.34%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $8,578 3.25%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 6 $1,070,000 $178,333 $3,954 3.79%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $585,000 $585,000 $4,753 3.50%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $445,000 $445,000 $3,777 3.25%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $200,000 $100,000 $0 4.87%
    Pottsville, PA (FHA|USDA|VA) 2 $150,000 $75,000 $250 4.84%
    St. Marys, PA (FHA|USDA|VA) 1 $75,000 $75,000 $2,823 3.25%
    Lock Haven, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.49%
    Service 1st's top markets include Bloomsburg, Sunbury, Lewisburg, Scranton, and Selinsgrove among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Maryland (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.

    Susquehanna Community Bank
    Similarity Rank: 48
    SERVICE 1ST
    Similarity Rank: 196
    First Columbia Bank & Trust Co.
    Similarity Rank: 299
    Mortgage America, Inc.
    Similarity Rank: 330
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 570
    ALLIED MORTGAGE GROUP, INC.
    Similarity Rank: 816
    FIRST HERITAGE FINANCIAL, LLC
    Similarity Rank: 1218
    Fulton Bank
    Similarity Rank: 1872
    First National Bank of Pennsylvania
    Similarity Rank: 1872
    FREEDOM MORTGAGE CORPORATION
    Similarity Rank: 3692

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 232 $36,160,000 $155,862 $1,357 4.13%

    For 2020, Service 1st's most frequently originated type of loan was Conventional, with 232 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 114 $19,550,000 $171,491 $671 4.15%
    Home Purchase 58 $12,150,000 $209,483 $3,792 4.08%
    Other 30 $1,560,000 $52,000 $178 4.67%
    Home Improvement 18 $720,000 $40,000 $200 3.95%
    Cash Out Refi 12 $2,180,000 $181,667 $4,544 3.16%

    For 2020, Service 1st's most frequently cited loan purpose was Refi, with 114 originations. The 2nd most popular reason was Home Purchase, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 92 $12,120,000 $131,739 $1,241 4.06%
    Other 69 $14,735,000 $213,551 $115 4.39%
    30 Year 31 $7,345,000 $236,935 $3,987 3.95%
    10 Year 16 $1,000,000 $62,500 $438 4.38%
    5 Year 16 $480,000 $30,000 $130 3.85%
    3 Year 4 $160,000 $40,000 $34 2.92%
    20 Year 4 $320,000 $80,000 $2,873 4.22%

    For 2020, Service 1st's most frequently cited loan duration was 15 Year, with 92 originations. The 2nd most popular length was Other, with 69 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 173 $20,405,000 $117,948
    $1k-2k 10 $1,370,000 $137,000
    $2k-3k 7 $955,000 $136,429
    $3k-4k 2 $260,000 $130,000
    $5k+ 1 $265,000 $265,000

    Service 1st's average total fees were $3,987, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 173 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 99 $12,185,000 $123,081
    3-4% 83 $17,805,000 $214,518
    2.5-3% 24 $4,420,000 $184,167
    5-6% 24 $1,660,000 $69,167
    <2.5% 2 $90,000 $45,000

    During 2020, Service 1st's average interest rate for loans was 3.95%, while their most frequently originated rate bucket for loans was 4-5%, with 99 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 143 $7,735,000 $54,091 $620 4.33%
    $100k-200k 56 $7,900,000 $141,071 $1,985 3.97%
    $200k-400k 20 $5,620,000 $281,000 $3,192 3.54%
    $400k-600k 8 $4,110,000 $513,750 $3,604 3.53%
    $1MM+ 5 $10,795,000 $2,159,000 $8,578 3.75%

    2020 saw Service 1st place emphasis on $100,000 or less loans with 143 originations, totaling $7,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 50 $3,620,000 $72,400 $834 4.11%
    $75k-100k 46 $4,720,000 $102,609 $1,404 4.16%
    $100k-150k 35 $5,695,000 $162,714 $1,596 4.01%
    $50k or less 33 $2,055,000 $62,273 $823 4.25%
    $150k-250k 26 $3,590,000 $138,077 $1,505 3.96%
    $250k+ 13 $6,325,000 $486,538 $4,025 3.68%

    Service 1st lent most frequently to those with incomes in the $50k-75k range, with 50 originations. The second most popular income band? $75k-100k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 55 $6,805,000 $123,727 $1,205 3.93%
    30-36% 53 $6,225,000 $117,453 $1,255 4.08%
    <20% 20 $1,880,000 $94,000 $1,100 3.98%
    36% 11 $935,000 $85,000 $730 4.27%
    37% 7 $875,000 $125,000 $1,136 4.11%
    42% 7 $665,000 $95,000 $958 3.94%
    38% 7 $465,000 $66,429 $1,909 4.21%
    40% 6 $470,000 $78,333 $1,274 4.74%
    41% 5 $955,000 $191,000 $165 4.22%
    39% 5 $645,000 $129,000 $1,086 4.35%
    50-60% 5 $755,000 $151,000 $3,744 4.05%
    46% 3 $655,000 $218,333 $4,223 3.88%
    >60% 3 $695,000 $231,667 $1,717 4.48%
    44% 2 $410,000 $205,000 $1,447 3.50%
    43% 2 $530,000 $265,000 $4,258 3.44%
    45% 1 $105,000 $105,000 $5,832 3.38%
    47% 1 $185,000 $185,000 $3,371 4.25%

    Service 1st lent most frequently to those with DTI ratios of 20-30%, with 55 originations. The next most common DTI ratio? 30-36%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 194 $23,440,000 $120,825 $1,200 4.10%
    Not applicable 27 $9,865,000 $365,370 $0 4.60%
    Not provided 7 $2,265,000 $323,571 $4,482 3.55%
    American Indian 1 $245,000 $245,000 $4,168 4.00%
    Black 2 $240,000 $120,000 $2,615 3.52%
    Native Hawaiian or Islander 1 $105,000 $105,000 $2,811 4.00%

    Approval Rates

    Total approvals of all applications
    90.06%

    Service 1st has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.74%

    Service 1st has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 232 $36,160,000 $155,862

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $8,025,000 $2,675,000
    Single Family (1-4 Units):Manufactured 2 $220,000 $110,000
    Single Family (1-4 Units):Site-Built 227 $27,915,000 $122,974

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $2,215,000 $67,121 $335 4.39%
    40-60% 27 $2,945,000 $109,074 $999 3.90%
    60-80% 83 $15,515,000 $186,928 $1,541 4.08%
    80-100% 60 $14,680,000 $244,667 $2,638 4.13%
    Under 20% 29 $805,000 $27,759 $93 4.21%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SERVICEMAC, LLC VA mortgage Trouble during payment process 5 62.5%
    SERVICEMAC, LLC Conventional home mortgage Trouble during payment process 3 37.5%