William Penn Bank Mortgage Rates, Fees & Info

Levittown, PA

LEI: 549300NLS4UT5V6RUS41

Tax ID: 23-0953930

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

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Mortgage Data

Review & Overview

William Penn Bank is a smaller bank specializing in Refi and Home Purchase loans. William Penn Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Miami, Trenton, New York, and Allentown among others. We have data for 7 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.

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Originations

99

Origination Dollar Volume (All Markets)

$28,095,000

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) 80 $20,270,000 $253,375 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $2,425,000 $808,333 $0 0.00%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 4 $2,110,000 $527,500 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 8 $1,850,000 $231,250 $0 0.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $630,000 $315,000 $0 0.00%
Pottsville, PA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
William Penn Bank's top markets include Philadelphia, Miami, Trenton, New York, and Allentown 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 99 $28,095,000 $283,788 $0 0.00%

    For 2022, William Penn Bank's most frequently originated type of loan was Conventional, with 99 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 46 $16,370,000 $355,870 $0 0.00%
    Home Purchase 21 $9,045,000 $430,714 $0 0.00%
    Home Improvement 16 $1,040,000 $65,000 $0 0.00%
    Other 16 $1,640,000 $102,500 $0 0.00%

    For 2022, William Penn Bank's most frequently cited loan purpose was Refi, with 46 originations. The 2nd most popular reason was Home Purchase, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 99 $28,095,000 $283,788 $0 0.00%

    For 2022, William Penn Bank's most frequently cited loan duration was Other, with 99 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $2,095,000 $53,718 $0 0.00%
    $100k-200k 22 $3,300,000 $150,000 $0 0.00%
    $200k-400k 20 $5,680,000 $284,000 $0 0.00%
    $400k-600k 8 $3,730,000 $466,250 $0 0.00%
    $600k-1MM 6 $4,130,000 $688,333 $0 0.00%
    $1MM+ 4 $9,160,000 $2,290,000 $0 0.00%

    2022 saw William Penn Bank place emphasis on $100,000 or less loans with 39 originations, totaling $2,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $3,865,000 $184,048 $0 0.00%
    $150k-250k 21 $4,675,000 $222,619 $0 0.00%
    $250k+ 12 $6,620,000 $551,667 $0 0.00%
    $50k or less 12 $820,000 $68,333 $0 0.00%
    $50k-75k 11 $1,195,000 $108,636 $0 0.00%
    $75k-100k 7 $505,000 $72,143 $0 0.00%

    William Penn Bank lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $150k-250k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 99 $28,095,000 $283,788 $0 0.00%

    William Penn Bank lent most frequently to those with DTI ratios of Exempt%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 65 $12,565,000 $193,308 $0 0.00%
    Not applicable 13 $9,945,000 $765,000 $0 0.00%
    Asian 6 $2,680,000 $446,667 $0 0.00%
    Not provided 12 $2,670,000 $222,500 $0 0.00%
    Black 2 $200,000 $100,000 $0 0.00%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.65%

    William Penn Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.83%

    William Penn Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 99 $28,095,000 $283,788

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    99 $28,095,000 $283,788