William Penn Bank Mortgage Rates, Fees & Info
Levittown, PALEI: 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
99Origination Dollar Volume (All Markets)
$28,095,000Top 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) | 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% |
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
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
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
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
Approval Rates
Total approvals of all applications76.65%
William Penn Bank has a below average approval rate.
Pick Rate
Approvals leading to origination82.83%
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 |