Service 1st Mortgage Rates, Fees & Info
Danville, PALEI: 549300DQW5P73YGBL063
Tax ID: 23-1975677
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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, Lewisburg, and Selinsgrove among others. We have data for 12 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.41% | 4/28/24 |
| 30 Year Conventional Refi | 6.09% | 4/28/24 |
| 30 Year Cash-out Refi | 6.11% | 4/28/24 |
| 15 Year Conventional Purchase | 5.92% | 4/28/24 |
| 15 Year Conventional Refi | 6.67% | 4/28/24 |
| 15 Year Cash-out Refi | 6.67% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
214Origination Dollar Volume (All Markets)
$27,770,000Top 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) | 70 | $10,390,000 | $148,429 | $768 | 3.77% |
| Sunbury, PA (FHA|USDA|VA) | 46 | $5,510,000 | $119,783 | $975 | 3.78% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 45 | $3,925,000 | $87,222 | $317 | 4.04% |
| Lewisburg, PA (FHA|USDA|VA) | 17 | $2,635,000 | $155,000 | $1,246 | 3.53% |
| Selinsgrove, PA (FHA|USDA|VA) | 15 | $1,835,000 | $122,333 | $1,002 | 3.76% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 11 | $1,315,000 | $119,545 | $270 | 3.90% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 3.75% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 3.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 4.38% |
| Outside of Metro Areas | 3 | $365,000 | $121,667 | $3,079 | 3.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 4.31% |
| Sayre, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 2.49% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 214 | $27,770,000 | $129,766 | $837 | 3.82% |
For 2021, Service 1st's most frequently originated type of loan was Conventional, with 214 originations.
Loan Reason
For 2021, Service 1st's most frequently cited loan purpose was Refi, with 101 originations. The 2nd most popular reason was Home Purchase, with 61 originations.
Loan Duration/Length
For 2021, Service 1st's most frequently cited loan duration was 15 Year, with 86 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 | 152 | $18,190,000 | $119,671 |
| $1k-2k | 3 | $275,000 | $91,667 |
Service 1st's average total fees were $3,742, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 152 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 104 | $14,810,000 | $142,404 |
| 4-5% | 76 | $8,960,000 | $117,895 |
| 2.5-3% | 30 | $3,800,000 | $126,667 |
| <2.5% | 2 | $110,000 | $55,000 |
| 5-6% | 2 | $90,000 | $45,000 |
During 2021, Service 1st's average interest rate for loans was 3.85%, while their most frequently originated rate bucket for loans was 3-4%, with 104 originations.
Loan Sizing
2021 saw Service 1st place emphasis on $100,000 or less loans with 115 originations, totaling $6,565,000 in origination value.
Applicant Income
Service 1st lent most frequently to those with incomes in the $50k-75k range, with 43 originations. The second most popular income band? $50k or less, with 35 originations.
Applicant Debt to Income Ratio
Service 1st lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? <20%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.97%
Service 1st has an average approval rate.
Pick Rate
Approvals leading to origination87.38%
Service 1st has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 214 | $27,770,000 | $129,766 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SERVICEMAC, LLC | FHA mortgage | Trouble during payment process | 4 | 14.8% |
| SERVICEMAC, LLC | VA mortgage | Trouble during payment process | 4 | 14.8% |
| SERVICEMAC, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| SERVICEMAC, LLC | Conventional home mortgage | Closing on a mortgage | 2 | 7.4% |
| SERVICEMAC, LLC | Conventional home mortgage | Struggling to pay mortgage | 2 | 7.4% |
| SERVICEMAC, LLC | Conventional home mortgage | Trouble during payment process | 14 | 51.9% |