Phoenixville Federal Bank And Trust Mortgage Rates, Fees & Info

Phoenixville, PA

LEI: 549300L4I0NP22SUIE86

Tax ID: 23-0975715

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Mortgage Data

Review & Overview

Phoenixville Federal Bank And Trust is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Phoenixville Federal Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Reading, Ocean City, Baltimore, and Trenton among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Phoenixville Federal Bank And Trust 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.

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Originations

126

Origination Dollar Volume (All Markets)

$29,620,000

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) 114 $25,590,000 $224,474 $0 0.00%
READING, PA (FHA|USDA|VA) 4 $1,480,000 $370,000 $0 0.00%
OCEAN CITY, NJ (FHA|USDA|VA) 2 $960,000 $480,000 $0 0.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Outside of Metro Areas 1 $345,000 $345,000 $0 0.00%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Phoenixville Federal Bank And Trust's top markets include Philadelphia, Reading, Ocean City, Baltimore, and Trenton among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $29,620,000 $235,079 $0 0.00%

    For 2023, Phoenixville Federal Bank And Trust's most frequently originated type of loan was Conventional, with 126 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 31 $11,855,000 $382,419 $0 0.00%
    Cash Out Refi 30 $11,080,000 $369,333 $0 0.00%
    Other 29 $3,205,000 $110,517 $0 0.00%
    Home Improvement 23 $1,585,000 $68,913 $0 0.00%
    Refi 13 $1,895,000 $145,769 $0 0.00%

    For 2023, Phoenixville Federal Bank And Trust's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 126 $29,620,000 $235,079 $0 0.00%

    For 2023, Phoenixville Federal Bank And Trust's most frequently cited loan duration was Other, with 126 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 47 $2,085,000 $44,362 $0 0.00%
    $200k-400k 35 $9,445,000 $269,857 $0 0.00%
    $100k-200k 23 $3,305,000 $143,696 $0 0.00%
    $400k-600k 12 $5,390,000 $449,167 $0 0.00%
    $600k-1MM 7 $5,365,000 $766,429 $0 0.00%
    $1MM+ 2 $4,030,000 $2,015,000 $0 0.00%

    2023 saw Phoenixville Federal Bank And Trust place emphasis on $100,000 or less loans with 47 originations, totaling $2,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 28 $4,710,000 $168,214 $0 0.00%
    $250k+ 24 $7,390,000 $307,917 $0 0.00%
    $100k-150k 21 $3,185,000 $151,667 $0 0.00%
    $75k-100k 12 $840,000 $70,000 $0 0.00%
    $50k-75k 10 $980,000 $98,000 $0 0.00%
    $50k or less 7 $285,000 $40,714 $0 0.00%

    Phoenixville Federal Bank And Trust lent most frequently to those with incomes in the $150k-250k range, with 28 originations. The second most popular income band? $250k+, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 126 $29,620,000 $235,079 $0 0.00%

    Phoenixville Federal Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 80 $13,160,000 $164,500 $0 0.00%
    Not applicable 20 $11,800,000 $590,000 $0 0.00%
    Not provided 18 $3,320,000 $184,444 $0 0.00%
    Black 3 $575,000 $191,667 $0 0.00%
    Asian Indian 2 $440,000 $220,000 $0 0.00%
    Other Asian 1 $185,000 $185,000 $0 0.00%
    Asian 1 $115,000 $115,000 $0 0.00%
    American Indian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.30%

    Phoenixville Federal Bank And Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.68%

    Phoenixville Federal Bank And Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 126 $29,620,000 $235,079

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    126 $29,620,000 $235,079