Pennsylvania State Employees Credit Union Mortgage Rates, Fees & Info

Harrisburg, PA

LEI: 549300PT6CCDYU4VHM41

Tax ID: 23-0961140

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Pennsylvania State Employees Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Pennsylvania State Employees Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Harrisburg, Philadelphia, Pittsburgh, Lancaster, and York among others. We have data for 38 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pennsylvania State Employees Credit Union 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. Pennsylvania State Employees Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.86% 12/16/24
    30 Year Conventional Purchase 6.44% 12/16/24
    30 Year Conventional Refi 6.20% 12/16/24
    30 Year Cash-out Refi 6.31% 12/16/24
    15 Year Conventional Purchase 5.92% 12/16/24
    15 Year Conventional Refi 5.82% 12/16/24
    15 Year Cash-out Refi 5.82% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Pennsylvania State Employees Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Pennsylvania State Employees Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    5,240

    Origination Dollar Volume (All Markets)

    $387,550,000
    Show all (34) awards

    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
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1,122 $84,640,000 $75,437 $1,124 4.84%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 552 $52,320,000 $94,783 $1,263 4.89%
    PITTSBURGH, PA (FHA|USDA|VA) 524 $35,720,000 $68,168 $1,179 4.83%
    LANCASTER, PA (FHA|USDA|VA) 374 $30,590,000 $81,791 $1,333 4.88%
    YORK-HANOVER, PA (FHA|USDA|VA) 283 $21,135,000 $74,682 $1,083 4.88%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 227 $14,955,000 $65,881 $972 4.73%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 180 $14,290,000 $79,389 $1,003 4.85%
    Outside of Metro Areas 188 $13,110,000 $69,734 $1,221 4.72%
    STATE COLLEGE, PA (FHA|USDA|VA) 146 $12,590,000 $86,233 $1,171 4.86%
    READING, PA (FHA|USDA|VA) 148 $10,760,000 $72,703 $825 4.90%
    LEBANON, PA (FHA|USDA|VA) 135 $10,205,000 $75,593 $1,273 4.88%
    Pottsville, PA (FHA|USDA|VA) 141 $8,595,000 $60,957 $1,097 4.76%
    WILLIAMSPORT, PA (FHA|USDA|VA) 99 $6,585,000 $66,515 $1,230 4.79%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 77 $6,265,000 $81,364 $1,381 4.70%
    Sunbury, PA (FHA|USDA|VA) 106 $5,690,000 $53,679 $779 4.71%
    Indiana, PA (FHA|USDA|VA) 87 $5,155,000 $59,253 $1,291 4.84%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 49 $5,125,000 $104,592 $1,701 4.69%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 64 $4,490,000 $70,156 $1,004 4.81%
    ALTOONA, PA (FHA|USDA|VA) 78 $4,000,000 $51,282 $952 4.97%
    Lock Haven, PA (FHA|USDA|VA) 63 $3,875,000 $61,508 $1,388 4.80%
    Selinsgrove, PA (FHA|USDA|VA) 49 $3,695,000 $75,408 $1,210 4.81%
    DuBois, PA (FHA|USDA|VA) 54 $3,490,000 $64,630 $1,375 4.75%
    Lewisburg, PA (FHA|USDA|VA) 43 $3,475,000 $80,814 $1,080 4.79%
    ERIE, PA (FHA|USDA|VA) 60 $3,360,000 $56,000 $1,060 4.88%
    JOHNSTOWN, PA (FHA|USDA|VA) 58 $3,250,000 $56,034 $1,176 4.76%
    GETTYSBURG, PA (FHA|USDA|VA) 41 $3,075,000 $75,000 $1,333 4.75%
    Huntingdon, PA (FHA|USDA|VA) 51 $2,915,000 $57,157 $1,070 4.84%
    Lewistown, PA (FHA|USDA|VA) 31 $2,215,000 $71,452 $2,073 4.85%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 31 $1,995,000 $64,355 $1,191 4.68%
    Oil City, PA (FHA|USDA|VA) 35 $1,945,000 $55,571 $1,112 4.83%
    Meadville, PA (FHA|USDA|VA) 31 $1,735,000 $55,968 $1,107 4.63%
    Somerset, PA (FHA|USDA|VA) 32 $1,510,000 $47,188 $641 4.86%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 18 $1,210,000 $67,222 $1,216 4.86%
    Warren, PA (FHA|USDA|VA) 20 $1,120,000 $56,000 $1,215 4.76%
    Bradford, PA (FHA|USDA|VA) 10 $700,000 $70,000 $1,349 4.56%
    Sayre, PA (FHA|USDA|VA) 13 $695,000 $53,462 $854 4.84%
    St. Marys, PA (FHA|USDA|VA) 8 $570,000 $71,250 $1,988 4.67%
    New Castle, PA (FHA|USDA|VA) 12 $500,000 $41,667 $610 4.84%
    Pennsylvania State Employees Credit Union's top markets include Harrisburg, Philadelphia, Pittsburgh, Lancaster, and York among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against PENNSYLVANIA STATE EMPLOYEES Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Westmoreland Federal Savings
    Similarity Rank: 12
    TRI BORO
    Similarity Rank: 25
    The Neffs National Bank
    Similarity Rank: 30
    Widget Federal Credit Union
    Similarity Rank: 32
    Home Federal Savings and Loan Association of Niles
    Similarity Rank: 32
    POINT BREEZE
    Similarity Rank: 36
    HORIZON Federal Credit Union
    Similarity Rank: 40
    VISIONS
    Similarity Rank: 50
    Commercial Bank and Trust of PA
    Similarity Rank: 57
    Iron Workers Savings Bank
    Similarity Rank: 63

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,770 $253,510,000 $91,520 $1,157 4.47%
    HELOC 2,470 $134,040,000 $54,267 n/a 5.24%

    For 2018, Pennsylvania State Employees Credit Union's most frequently originated type of loan was Conventional, with 2,770 originations. Their 2nd most popular type was HELOC, with 2,470 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,803 $76,745,000 $42,565 $88 5.00%
    Other 1,619 $78,115,000 $48,249 $0 5.06%
    Home Purchase 865 $123,545,000 $142,827 $2,512 4.48%
    Refi 551 $49,725,000 $90,245 $1,138 4.70%
    Cash Out Refi 402 $59,420,000 $147,811 $2,201 4.10%

    For 2018, Pennsylvania State Employees Credit Union's most frequently cited loan purpose was Home Improvement, with 1,803 originations. The 2nd most popular reason was Other, with 1,619 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 2,485 $147,435,000 $59,330 $2,263 5.18%
    10 Year 1,085 $57,205,000 $52,724 $169 4.93%
    30 Year 775 $125,915,000 $162,471 $2,538 4.40%
    5 Year 589 $15,845,000 $26,902 $0 4.21%
    15 Year 302 $40,150,000 $132,947 $2,370 3.87%
    30+ year 3 $845,000 $281,667 $0 3.25%
    Other 1 $155,000 $155,000 $2,456 2.75%

    For 2018, Pennsylvania State Employees Credit Union's most frequently cited loan duration was 20 Year, with 2,485 originations. The 2nd most popular length was 10 Year, with 1,085 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,210 $184,580,000 $152,545
    $2k-3k 37 $4,355,000 $117,703
    $3k-4k 29 $3,475,000 $119,828
    $1k-2k 23 $1,995,000 $86,739
    $4k-5k 9 $1,365,000 $151,667
    $5k+ 9 $1,685,000 $187,222

    Pennsylvania State Employees Credit Union's average total fees were $2,538, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,210 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 3,025 $231,085,000 $76,392
    5-6% 1,729 $88,855,000 $51,391
    3-4% 482 $67,150,000 $139,315
    2.5-3% 3 $435,000 $145,000
    6-7% 1 $25,000 $25,000

    During 2018, Pennsylvania State Employees Credit Union's average interest rate for loans was 4.40%, while their most frequently originated rate bucket for loans was 4-5%, with 3,025 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 3,911 $159,005,000 $40,656 $428 4.94%
    $100k-200k 985 $137,785,000 $139,883 $2,254 4.54%
    $200k-400k 332 $85,580,000 $257,771 $2,905 4.44%
    $400k-600k 12 $5,180,000 $431,667 $3,630 4.38%

    2018 saw Pennsylvania State Employees Credit Union place emphasis on $100,000 or less loans with 3,911 originations, totaling $159,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,506 $115,740,000 $76,853 $1,030 4.88%
    $50k-75k 1,163 $79,985,000 $68,775 $1,279 4.77%
    $75k-100k 1,101 $77,415,000 $70,313 $1,095 4.85%
    $150k-250k 701 $60,345,000 $86,084 $983 4.92%
    $50k or less 671 $42,955,000 $64,016 $1,435 4.68%
    $250k+ 98 $11,110,000 $113,367 $1,128 5.04%

    Pennsylvania State Employees Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,506 originations. The second most popular income band? $50k-75k, with 1,163 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,689 $118,485,000 $70,151 $1,039 4.80%
    <20% 1,054 $60,320,000 $57,230 $638 4.89%
    30-36% 1,033 $78,095,000 $75,600 $1,017 4.83%
    36% 165 $14,575,000 $88,333 $1,243 4.78%
    38% 143 $12,405,000 $86,748 $1,225 4.86%
    37% 141 $11,405,000 $80,887 $1,097 4.82%
    39% 131 $11,345,000 $86,603 $1,715 4.85%
    40% 109 $11,005,000 $100,963 $1,718 4.77%
    42% 106 $9,920,000 $93,585 $2,330 4.82%
    41% 99 $9,885,000 $99,848 $2,083 4.75%
    45% 93 $9,235,000 $99,301 $2,190 4.78%
    47% 88 $7,450,000 $84,659 $1,968 4.79%
    44% 79 $6,905,000 $87,405 $2,565 4.91%
    43% 70 $6,490,000 $92,714 $2,088 4.78%
    48% 66 $4,910,000 $74,394 $2,137 4.92%
    49% 62 $6,050,000 $97,581 $2,320 4.74%
    46% 52 $4,890,000 $94,038 $2,501 4.92%
    50-60% 52 $3,450,000 $66,346 $2,239 4.95%
    >60% 8 $730,000 $91,250 $1,749 4.64%

    Pennsylvania State Employees Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,689 originations. The next most common DTI ratio? <20%, with 1,054 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,420 $327,460,000 $74,086 $1,175 4.83%
    Not provided 628 $46,410,000 $73,901 $1,027 4.84%
    Black 125 $7,695,000 $61,560 $1,014 4.87%
    Asian 35 $3,225,000 $92,143 $1,602 4.96%
    American Indian 15 $1,495,000 $99,667 $2,007 4.70%
    Asian Indian 8 $630,000 $78,750 $1,257 4.86%
    Filipino 3 $265,000 $88,333 $0 5.62%
    Native Hawaiian or Islander 2 $150,000 $75,000 $1,011 4.25%
    Korean 1 $95,000 $95,000 $2,042 4.50%
    Other Asian 2 $80,000 $40,000 $0 5.31%
    Japanese 1 $45,000 $45,000 $0 4.87%

    Approval Rates

    Total approvals of all applications
    82.32%

    Pennsylvania State Employees Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.27%

    Pennsylvania State Employees Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 2,468 $133,990,000 $54,291
    NA 2,772 $253,560,000 $91,472

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 19 $1,135,000 $59,737
    Single Family (1-4 Units):Site-Built 5,221 $386,415,000 $74,012

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,141 $66,655,000 $58,418 $188 5.01%
    40-60% 477 $44,975,000 $94,287 $1,401 4.69%
    60-80% 869 $123,225,000 $141,801 $2,243 4.43%
    80-100% 590 $91,980,000 $155,898 $2,448 4.54%
    Under 20% 2,163 $60,715,000 $28,070 $11 5.01%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    PINNACLE FINANCIAL PARTNERS, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    PINNACLE FINANCIAL PARTNERS, INC. Conventional home mortgage Struggling to pay mortgage 1 33.3%
    PINNACLE FINANCIAL PARTNERS, INC. Other type of mortgage Trouble during payment process 1 33.3%