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, 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

138

Origination Dollar Volume (All Markets)

$46,790,000

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) 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%
Phoenixville Federal Bank And Trust's top markets include Philadelphia, Washington, Reading, Portland, and Lancaster among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 54 $24,510,000 $453,889 $0 0.00%
    Refi 24 $7,090,000 $295,417 $0 0.00%
    Cash Out Refi 24 $10,200,000 $425,000 $0 0.00%
    Home Improvement 19 $3,265,000 $171,842 $0 0.00%
    Other 17 $1,725,000 $101,471 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 40 $11,470,000 $286,750 $0 0.00%
    $100k-200k 32 $4,580,000 $143,125 $0 0.00%
    $100,000 or less 30 $1,380,000 $46,000 $0 0.00%
    $400k-600k 16 $7,740,000 $483,750 $0 0.00%
    $600k-1MM 13 $9,335,000 $718,077 $0 0.00%
    $1MM+ 7 $12,285,000 $1,755,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 33 $9,955,000 $301,667 $0 0.00%
    $250k+ 22 $11,660,000 $530,000 $0 0.00%
    $100k-150k 20 $3,640,000 $182,000 $0 0.00%
    $75k-100k 17 $3,075,000 $180,882 $0 0.00%
    $50k-75k 13 $1,745,000 $134,231 $0 0.00%
    $50k or less 10 $980,000 $98,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 98 $25,850,000 $263,776 $0 0.00%
    Not applicable 19 $14,835,000 $780,789 $0 0.00%
    Not provided 15 $3,605,000 $240,333 $0 0.00%
    Black 3 $1,755,000 $585,000 $0 0.00%
    Asian 1 $595,000 $595,000 $0 0.00%
    Other Asian 1 $105,000 $105,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.85%

    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 origination
    83.33%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    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%