William Penn Bank Mortgage Rates, Fees & Info

Levittown, PA

LEI: 549300NLS4UT5V6RUS41

Tax ID: 23-0953930

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

William Penn Bank is a smaller bank specializing in Home Improvement and Home Purchase loans. William Penn Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Trenton, New York, Miami, and Ocean City among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

William Penn Bank 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.

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

Originations

Origination Dollar Volume (All Markets)

$18,755,000

Top Markets

+−

Hover a geography to see attributes.

>$0

$10mm

$25mm

$100mm

$250mm

$500mm

Leaflet | Map data © OpenStreetMap contributors| Map style: © OpenTopoMap (CC-BY-SA)

Click or Hover to activate map

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)	43	$5,925,000	$137,791	$0	0.00%
TRENTON-PRINCETON, NJ (FHA\|USDA\|VA)	5	$4,685,000	$937,000	$0	0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	4	$3,100,000	$775,000	$0	0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	2	$2,510,000	$1,255,000	$0	0.00%
OCEAN CITY, NJ (FHA\|USDA\|VA)	6	$2,360,000	$393,333	$0	0.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	0.00%

William Penn Bank's top markets include Philadelphia, Trenton, New York, Miami, and Ocean City among others.

Their top states include:

New Jersey (FHA|USDA|VA)

Pennsylvania (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	61	$18,755,000	$307,459	$0	0.00%

For 2024, William Penn Bank's most frequently originated type of loan was Conventional, with 61 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Improvement	19	$5,385,000	$283,421	$0	0.00%
Home Purchase	18	$9,740,000	$541,111	$0	0.00%
Refi	14	$2,970,000	$212,143	$0	0.00%
Other	10	$660,000	$66,000	$0	0.00%

For 2024, William Penn Bank's most frequently cited loan purpose was Home Improvement, with 19 originations. The 2nd most popular reason was Home Purchase, with 18 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	61	$18,755,000	$307,459	$0	0.00%

For 2024, William Penn Bank's most frequently cited loan duration was Other, with 61 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	30	$1,570,000	$52,333	$0	0.00%
$200k-400k	15	$4,085,000	$272,333	$0	0.00%
$100k-200k	8	$1,260,000	$157,500	$0	0.00%
$1MM+	5	$9,875,000	$1,975,000	$0	0.00%
$600k-1MM	2	$1,370,000	$685,000	$0	0.00%
$400k-600k	1	$595,000	$595,000	$0	0.00%

2024 saw William Penn Bank place emphasis on $100,000 or less loans with 30 originations, totaling $1,570,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	16	$2,530,000	$158,125	$0	0.00%
$100k-150k	14	$2,300,000	$164,286	$0	0.00%
$250k+	10	$7,750,000	$775,000	$0	0.00%
$75k-100k	9	$865,000	$96,111	$0	0.00%
$50k-75k	5	$585,000	$117,000	$0	0.00%
$50k or less	4	$120,000	$30,000	$0	0.00%

William Penn Bank lent most frequently to those with incomes in the $150k-250k range, with 16 originations. The second most popular income band? $100k-150k, with 14 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	61	$18,755,000	$307,459	$0	0.00%

William Penn Bank lent most frequently to those with DTI ratios of Exempt%, with 61 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	51	$12,825,000	$251,471	$0	0.00%
Not applicable	3	$4,605,000	$1,535,000	$0	0.00%
Not provided	4	$1,170,000	$292,500	$0	0.00%
Asian	2	$120,000	$60,000	$0	0.00%
Black	1	$35,000	$35,000	$0	0.00%

Approval Rates

Total approvals of all applications
83.81%

William Penn Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
67.21%

William Penn Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	61	$18,755,000	$307,459

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	61	$18,755,000	$307,459