Phoenixville Federal Bank And Trust Mortgage Rates, Fees & Info
Phoenixville, PALEI: 549300L4I0NP22SUIE86
Tax ID: 23-0975715
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Washington, Reading, Portland, and Lancaster among others. We have data for 8 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
138Origination Dollar Volume (All Markets)
$46,790,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 123 | $42,355,000 | $344,350 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,420,000 | $710,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 7 | $1,085,000 | $155,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $930,000 | $465,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 138 | $46,790,000 | $339,058 | $0 | 0.00% |
For 2022, Phoenixville Federal Bank And Trust's most frequently originated type of loan was Conventional, with 138 originations.
Loan Reason
For 2022, Phoenixville Federal Bank And Trust's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 138 | $46,790,000 | $339,058 | $0 | 0.00% |
For 2022, Phoenixville Federal Bank And Trust's most frequently cited loan duration was Other, with 138 originations.
Loan Sizing
2022 saw Phoenixville Federal Bank And Trust place emphasis on $200k-400k loans with 40 originations, totaling $11,470,000 in origination value.
Applicant Income
Phoenixville Federal Bank And Trust lent most frequently to those with incomes in the $150k-250k range, with 33 originations. The second most popular income band? $250k+, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 138 | $46,790,000 | $339,058 | $0 | 0.00% |
Phoenixville Federal Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 138 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.85%
Phoenixville Federal Bank And Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.33%
Phoenixville Federal Bank And Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 138 | $46,790,000 | $339,058 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PNC Bank N.A. | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
| PNC Bank N.A. | Conventional home mortgage | Incorrect information on your report | 1 | 33.3% |
| PNC Bank N.A. | FHA mortgage | Incorrect information on your report | 1 | 33.3% |