Pennsylvania State Employees Credit Union Mortgage Rates, Fees & Info
Harrisburg, PALEI: 549300PT6CCDYU4VHM41
Tax ID: 23-0961140
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Overview
Pennsylvania State Employees Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Pennsylvania State Employees Credit Union has a high proportion of conventional loans. Their top markets include Harrisburg, Philadelphia, Pittsburgh, Lancaster, and York among others. Pennsylvania State Employees Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Pennsylvania State Employees Credit Union is typically a low fee lendor.Originations
5,748Origination Dollar Volume (All Markets)
$623,130,000Awards
PENNSYLVANIA STATE EMPLOYEES Credit Union - 2021
PENNSYLVANIA STATE EMPLOYEES Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for PENNSYLVANIA STATE EMPLOYEES Credit Union?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Pennsylvania State Employees Credit Union's average 30 year fixed rate mortgage of loans were
3.32%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.17%.
Relative Fees
Pennsylvania State Employees Credit Union's average total fees for a 30 year fixed rate
mortgage are $2,696.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1,186 | $126,910,000 | $107,007 | $2,024 | 3.29% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 694 | $97,450,000 | $140,418 | $2,179 | 3.35% |
| PITTSBURGH, PA (FHA|USDA|VA) | 531 | $54,565,000 | $102,759 | $1,918 | 3.32% |
| LANCASTER, PA (FHA|USDA|VA) | 452 | $53,050,000 | $117,367 | $2,017 | 3.31% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 305 | $32,565,000 | $106,770 | $1,863 | 3.35% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 246 | $30,260,000 | $123,008 | $2,084 | 3.36% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 264 | $25,130,000 | $95,189 | $1,961 | 3.29% |
| READING, PA (FHA|USDA|VA) | 197 | $23,715,000 | $120,381 | $1,914 | 3.29% |
| Outside of Metro Areas | 224 | $18,910,000 | $84,420 | $1,851 | 3.27% |
| LEBANON, PA (FHA|USDA|VA) | 140 | $16,710,000 | $119,357 | $1,877 | 3.27% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 135 | $15,655,000 | $115,963 | $2,267 | 3.28% |
| Pottsville, PA (FHA|USDA|VA) | 161 | $13,845,000 | $85,994 | $1,674 | 3.34% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 86 | $9,840,000 | $114,419 | $1,907 | 3.24% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 87 | $8,805,000 | $101,207 | $1,819 | 3.36% |
| Sunbury, PA (FHA|USDA|VA) | 90 | $7,400,000 | $82,222 | $1,720 | 3.32% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 63 | $7,325,000 | $116,270 | $2,169 | 3.26% |
| Indiana, PA (FHA|USDA|VA) | 80 | $7,180,000 | $89,750 | $1,938 | 3.29% |
| Huntingdon, PA (FHA|USDA|VA) | 72 | $6,810,000 | $94,583 | $1,798 | 3.26% |
| GETTYSBURG, PA (FHA|USDA|VA) | 50 | $6,070,000 | $121,400 | $1,955 | 3.25% |
| DuBois, PA (FHA|USDA|VA) | 77 | $5,955,000 | $77,338 | $1,984 | 3.23% |
| ALTOONA, PA (FHA|USDA|VA) | 64 | $5,840,000 | $91,250 | $1,702 | 3.28% |
| Selinsgrove, PA (FHA|USDA|VA) | 52 | $5,340,000 | $102,692 | $2,221 | 3.19% |
| Lock Haven, PA (FHA|USDA|VA) | 57 | $5,305,000 | $93,070 | $1,912 | 3.29% |
| ERIE, PA (FHA|USDA|VA) | 53 | $5,115,000 | $96,509 | $1,989 | 3.29% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 43 | $4,315,000 | $100,349 | $2,000 | 3.21% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 59 | $4,005,000 | $67,881 | $1,665 | 3.35% |
| Lewisburg, PA (FHA|USDA|VA) | 31 | $3,975,000 | $128,226 | $2,037 | 3.07% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 31 | $3,755,000 | $121,129 | $2,238 | 3.18% |
| Lewistown, PA (FHA|USDA|VA) | 39 | $2,875,000 | $73,718 | $2,026 | 3.11% |
| Meadville, PA (FHA|USDA|VA) | 41 | $2,755,000 | $67,195 | $1,840 | 3.19% |
| Oil City, PA (FHA|USDA|VA) | 32 | $2,710,000 | $84,688 | $1,842 | 3.24% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 19 | $1,875,000 | $98,684 | $1,772 | 3.25% |
| Warren, PA (FHA|USDA|VA) | 23 | $1,795,000 | $78,043 | $1,518 | 3.30% |
| Somerset, PA (FHA|USDA|VA) | 21 | $1,565,000 | $74,524 | $1,437 | 3.52% |
| New Castle, PA (FHA|USDA|VA) | 19 | $1,415,000 | $74,474 | $1,630 | 3.47% |
| St. Marys, PA (FHA|USDA|VA) | 9 | $875,000 | $97,222 | $2,207 | 3.24% |
| Sayre, PA (FHA|USDA|VA) | 7 | $825,000 | $117,857 | $2,288 | 3.25% |
| Bradford, PA (FHA|USDA|VA) | 8 | $640,000 | $80,000 | $2,142 | 2.92% |
Pennsylvania State Employees Credit Union's top markets include Harrisburg, Philadelphia, Pittsburgh, Lancaster, and York among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 5,748 | $623,130,000 | $108,408 | $1,973 | 3.30% |
For the 2021 period, Pennsylvania State Employees Credit Union's most frequently originated loan type of loans were Conventional, with 5,748 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Improvement | 1,813 | $96,585,000 | $53,274 | $13 | 3.57% |
| Other | 1,165 | $81,065,000 | $69,584 | $13 | 3.66% |
| Cash Out Refi | 1,115 | $203,415,000 | $182,435 | $2,534 | 2.88% |
| Refi | 1,025 | $147,685,000 | $144,083 | $2,303 | 2.97% |
| Home Purchase | 630 | $94,380,000 | $149,810 | $2,800 | 3.18% |
For the 2021, Pennsylvania State Employees Credit Union's most frequently cited loan purpose of loans were Home Improvement, with 1,813 originations. The 2nd most popular reason of loans were Other, with 1,165 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 3,495 | $364,105,000 | $104,179 | $2,696 | 3.32% |
| 15 Year | 898 | $127,110,000 | $141,548 | $2,540 | 2.73% |
| 10 Year | 719 | $55,965,000 | $77,837 | $748 | 3.91% |
| 20 Year | 367 | $67,395,000 | $183,638 | $2,589 | 2.99% |
| 5 Year | 268 | $8,540,000 | $31,866 | $12 | 3.73% |
| 1 Year | 1 | $15,000 | $15,000 | $0 | 4.87% |
For the 2021, Pennsylvania State Employees Credit Union's most frequently cited loan length of loans were 30 Year, with 3,495 originations. The 2nd most popular length of loans were 15 Year, with 898 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2,976 | $420,670,000 | $141,354 |
| $3k-4k | 58 | $7,760,000 | $133,793 |
| $2k-3k | 55 | $6,325,000 | $115,000 |
| $1k-2k | 33 | $2,765,000 | $83,788 |
| $5k+ | 30 | $6,600,000 | $220,000 |
$2,696 of loans were Pennsylvania State Employees Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,976 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 3,718 | $350,910,000 | $94,381 |
| 2.5-3% | 1,128 | $190,760,000 | $169,113 |
| <2.5% | 411 | $59,795,000 | $145,487 |
| 4-5% | 406 | $17,740,000 | $43,695 |
| 5-6% | 85 | $3,925,000 | $46,176 |
During 2021, Pennsylvania State Employees Credit Union's average interest rate of loans were 3.32%, while their most frequently originated rate bucket of loans were 3-4%, with 3,718 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 3,250 | $156,850,000 | $48,262 | $860 | 3.51% |
| $100k-200k | 1,656 | $235,970,000 | $142,494 | $2,383 | 3.04% |
| $200k-400k | 781 | $201,605,000 | $258,137 | $2,969 | 3.03% |
| $400k-600k | 60 | $27,260,000 | $454,333 | $3,877 | 3.06% |
| $1MM+ | 1 | $1,445,000 | $1,445,000 | $0 | 3.75% |
2021 saw Pennsylvania State Employees Credit Union place emphasis on $100,000 or less loans with 3,250 originations, totaling $156,850,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1,602 | $188,680,000 | $117,778 | $1,980 | 3.32% |
| $50k-75k | 1,264 | $115,610,000 | $91,464 | $1,995 | 3.22% |
| $75k-100k | 1,204 | $128,500,000 | $106,728 | $2,006 | 3.29% |
| $150k-250k | 995 | $125,805,000 | $126,437 | $1,990 | 3.38% |
| $50k or less | 522 | $38,400,000 | $73,563 | $1,741 | 3.31% |
| $250k+ | 161 | $26,135,000 | $162,329 | $2,417 | 3.33% |
Pennsylvania State Employees Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,602 originations. The second most popular income band? $50k-75k, with 1,264 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,683 | $183,585,000 | $109,082 | $2,102 | 3.23% |
| 30-36% | 1,112 | $127,140,000 | $114,335 | $1,894 | 3.32% |
| <20% | 978 | $84,320,000 | $86,217 | $1,843 | 3.24% |
| 37% | 185 | $21,225,000 | $114,730 | $1,938 | 3.43% |
| 36% | 180 | $22,220,000 | $123,444 | $1,894 | 3.33% |
| 40% | 178 | $21,500,000 | $120,787 | $1,972 | 3.41% |
| 50-60% | 176 | $15,450,000 | $87,784 | $1,328 | 3.48% |
| 38% | 159 | $18,775,000 | $118,082 | $1,727 | 3.49% |
| 41% | 157 | $16,915,000 | $107,739 | $1,505 | 3.55% |
| 42% | 150 | $17,260,000 | $115,067 | $1,563 | 3.43% |
| 39% | 146 | $16,170,000 | $110,753 | $1,601 | 3.54% |
| 44% | 128 | $17,170,000 | $134,141 | $2,637 | 3.08% |
| 43% | 120 | $15,760,000 | $131,333 | $2,083 | 3.22% |
| 47% | 88 | $9,530,000 | $108,295 | $2,448 | 3.35% |
| 45% | 75 | $10,765,000 | $143,533 | $2,843 | 3.21% |
| 48% | 71 | $7,795,000 | $109,789 | $2,844 | 3.21% |
| 46% | 70 | $7,730,000 | $110,429 | $2,958 | 3.27% |
| 49% | 68 | $7,670,000 | $112,794 | $2,078 | 3.33% |
| >60% | 24 | $2,150,000 | $89,583 | $931 | 3.48% |
Pennsylvania State Employees Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,683 originations. The next most common DTI ratio? 30-36%, with 1,112 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 4,839 | $521,155,000 | $107,699 | $1,968 | 3.30% |
| Not provided | 627 | $69,575,000 | $110,965 | $1,941 | 3.32% |
| Black | 186 | $19,860,000 | $106,774 | $2,154 | 3.32% |
| Asian | 44 | $6,570,000 | $149,318 | $2,212 | 3.35% |
| Asian Indian | 15 | $1,615,000 | $107,667 | $2,011 | 3.31% |
| American Indian | 19 | $1,465,000 | $77,105 | $1,209 | 3.77% |
| Other Asian | 5 | $605,000 | $121,000 | $2,664 | 2.97% |
| Native Hawaiian | 4 | $580,000 | $145,000 | $2,369 | 3.00% |
| Chinese | 1 | $465,000 | $465,000 | $3,627 | 3.13% |
| Korean | 2 | $380,000 | $190,000 | $2,610 | 2.94% |
| Other Pacific Islander | 2 | $300,000 | $150,000 | $2,334 | 2.75% |
| Japanese | 2 | $300,000 | $150,000 | $5,295 | 2.94% |
| Vietnamese | 2 | $260,000 | $130,000 | $1,136 | 4.12% |
Approval Rates
Total approvals of all applications82.18%
Pennsylvania State Employees Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination76.75%
Pennsylvania State Employees Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,748 | $623,130,000 | $108,408 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5,748 | $623,130,000 | $108,408 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 1,098 | $82,240,000 | $74,900 | $876 | 3.50% |
| 40-60% | 801 | $104,505,000 | $130,468 | $2,178 | 3.04% |
| 60-80% | 1,436 | $257,180,000 | $179,095 | $2,608 | 2.98% |
| 80-100% | 630 | $112,840,000 | $179,111 | $2,651 | 3.13% |
| Under 20% | 1,783 | $66,365,000 | $37,221 | $47 | 3.62% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PENNSYLVANIA HOUSING FINANCE AGENCY | Conventional home mortgage | Incorrect information on your report | 1 | 11.1% |
| PENNSYLVANIA HOUSING FINANCE AGENCY | Conventional home mortgage | Struggling to pay mortgage | 1 | 11.1% |
| PENNSYLVANIA HOUSING FINANCE AGENCY | Conventional home mortgage | Trouble during payment process | 2 | 22.2% |
| PENNSYLVANIA HOUSING FINANCE AGENCY | FHA mortgage | Struggling to pay mortgage | 3 | 33.3% |
| PENNSYLVANIA HOUSING FINANCE AGENCY | FHA mortgage | Trouble during payment process | 2 | 22.2% |
