The Ephrata National Bank Mortgage Rates, Fees & Info

Ephrata, PA

LEI: 549300T560RY8NY4EY89

Tax ID: 23-0559393

5 stars - Updated: 2/19/24 - out of 5 stars, based on 37 reviews

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

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Mortgage Data

Review & Overview

The Ephrata National Bank is a smaller bank specializing in Home Purchase loans. The Ephrata National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Lancaster, Philadelphia, Lebanon, Harrisburg, and Reading among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Ephrata National 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. The Ephrata National Bank is typically an average 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.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 2/19/24
30 Year Conventional Purchase 6.61% 2/19/24
30 Year Conventional Refi 6.67% 2/19/24
30 Year Cash-out Refi 6.53% 2/19/24
30 Year FHA Purchase 7.51% 2/19/24
30 Year VA Purchase 6.15% 2/19/24
30 Year USDA Purchase 6.88% 2/19/24
15 Year Conventional Purchase 6.44% 2/19/24
15 Year Conventional Refi 6.40% 2/19/24
15 Year Cash-out Refi 6.40% 2/19/24
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.

The Ephrata National Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from The Ephrata National Bank. 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

1,392

Origination Dollar Volume (All Markets)

$305,660,000

Relative Rate

The Ephrata National Bank's average 30 year fixed mortgage rate was 4.72%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.04%.

Relative Fees (Closing Costs)

The Ephrata National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,696.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
LANCASTER, PA (FHA|USDA|VA) 902 $168,460,000 $186,763 $5,812 3.35%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 114 $38,560,000 $338,246 $7,157 3.96%
LEBANON, PA (FHA|USDA|VA) 125 $26,655,000 $213,240 $5,432 3.97%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 66 $23,760,000 $360,000 $7,659 4.23%
READING, PA (FHA|USDA|VA) 94 $21,660,000 $230,426 $5,923 3.52%
YORK-HANOVER, PA (FHA|USDA|VA) 26 $7,620,000 $293,077 $5,228 4.53%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 17 $6,115,000 $359,706 $6,434 4.00%
Outside of Metro Areas 12 $3,220,000 $268,333 $6,793 4.22%
EAST STROUDSBURG, PA (FHA|USDA|VA) 9 $2,905,000 $322,778 $6,496 4.80%
GETTYSBURG, PA (FHA|USDA|VA) 4 $1,500,000 $375,000 $7,014 5.78%
STATE COLLEGE, PA (FHA|USDA|VA) 3 $1,065,000 $355,000 $9,452 4.87%
Sunbury, PA (FHA|USDA|VA) 4 $900,000 $225,000 $4,925 5.22%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $600,000 $300,000 $5,706 4.81%
Selinsgrove, PA (FHA|USDA|VA) 2 $560,000 $280,000 $6,322 5.19%
Huntingdon, PA (FHA|USDA|VA) 3 $545,000 $181,667 $4,736 5.46%
Lock Haven, PA (FHA|USDA|VA) 1 $435,000 $435,000 $6,907 4.63%
Pottsville, PA (FHA|USDA|VA) 2 $380,000 $190,000 $7,150 4.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $305,000 $305,000 $6,933 6.00%
Lewisburg, PA (FHA|USDA|VA) 2 $240,000 $120,000 $3,957 3.88%
Sayre, PA (FHA|USDA|VA) 1 $145,000 $145,000 $5,908 4.13%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.00%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.50%
The Ephrata National Bank's top markets include Lancaster, Philadelphia, Lebanon, Harrisburg, and Reading among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against The Ephrata National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    BELLCO
    Similarity Rank: 88
    First Citizens Community Bank
    Similarity Rank: 125
    First Columbia Bank & Trust Co.
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    The Muncy Bank and Trust Company
    Similarity Rank: 182
    Sail Mortgage Corp.
    Similarity Rank: 210
    ACNB Bank
    Similarity Rank: 280
    Louviers Federal Credit Union
    Similarity Rank: 328
    VISIONS
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    Discovery Federal Credit Union
    Similarity Rank: 440

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 739 $97,465,000 $131,888 n/a 2.73%
    Conventional 635 $205,145,000 $323,063 $6,046 4.55%
    FHA 12 $1,980,000 $165,000 $7,627 5.16%
    USDA 6 $1,070,000 $178,333 $7,412 4.00%

    For 2022, The Ephrata National Bank's most frequently originated type of loan was HELOC, with 739 originations. Their 2nd most popular type was Conventional, with 635 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 536 $161,180,000 $300,709 $6,284 4.54%
    Home Improvement 297 $43,675,000 $147,054 $8,264 2.54%
    Other 271 $32,135,000 $118,579 $0 2.88%
    Refi 232 $54,020,000 $232,845 $5,388 3.37%
    Cash Out Refi 56 $14,650,000 $261,607 $5,192 4.35%

    For 2022, The Ephrata National Bank's most frequently cited loan purpose was Home Purchase, with 536 originations. The 2nd most popular reason was Home Improvement, with 297 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 743 $98,975,000 $133,210 $5,060 2.75%
    30 Year 404 $106,000,000 $262,376 $5,696 4.72%
    30+ year 127 $70,455,000 $554,764 $8,007 4.28%
    15 Year 57 $11,695,000 $205,175 $5,260 3.96%
    20 Year 54 $17,540,000 $324,815 $5,213 4.69%
    10 Year 5 $885,000 $177,000 $4,805 3.76%
    5 Year 2 $110,000 $55,000 $4,356 4.50%

    For 2022, The Ephrata National Bank's most frequently cited loan duration was Other, with 743 originations. The 2nd most popular length was 30 Year, with 404 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 267 $93,655,000 $350,768
    $1k-2k 128 $27,840,000 $217,500
    $5k+ 57 $24,185,000 $424,298
    $2k-3k 56 $17,020,000 $303,929
    $4k-5k 48 $15,780,000 $328,750
    $3k-4k 46 $12,980,000 $282,174

    The Ephrata National Bank's average total fees were $5,696, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 267 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 570 $77,260,000 $135,544
    3-4% 271 $92,245,000 $340,387
    4-5% 252 $76,370,000 $303,056
    5-6% 175 $39,395,000 $225,114
    6-7% 78 $12,730,000 $163,205
    2.5-3% 27 $5,945,000 $220,185
    7-8% 16 $1,420,000 $88,750
    Over 8% 3 $295,000 $98,333

    During 2022, The Ephrata National Bank's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was <2.5%, with 570 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 447 $120,375,000 $269,295 $5,984 3.85%
    $100k-200k 394 $56,250,000 $142,766 $4,627 3.56%
    $100,000 or less 369 $20,255,000 $54,892 $3,776 3.07%
    $400k-600k 125 $59,325,000 $474,600 $8,012 4.12%
    $600k-1MM 43 $31,985,000 $743,837 $8,773 4.04%
    $1MM+ 14 $17,470,000 $1,247,857 $11,089 3.97%

    2022 saw The Ephrata National Bank place emphasis on $200k-400k loans with 447 originations, totaling $120,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 296 $63,390,000 $214,155 $6,699 3.49%
    $50k-75k 291 $44,305,000 $152,251 $5,108 3.77%
    $150k-250k 234 $67,000,000 $286,325 $7,673 3.41%
    $75k-100k 229 $39,525,000 $172,598 $5,483 3.26%
    $250k+ 172 $62,630,000 $364,128 $7,650 3.57%
    $50k or less 132 $15,610,000 $118,258 $4,559 4.01%

    The Ephrata National Bank lent most frequently to those with incomes in the $100k-150k range, with 296 originations. The second most popular income band? $50k-75k, with 291 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 304 $65,120,000 $214,211 $5,716 3.58%
    30-36% 248 $52,540,000 $211,855 $5,910 3.70%
    <20% 158 $30,930,000 $195,759 $6,396 3.27%
    50-60% 105 $19,085,000 $181,762 $5,156 2.79%
    44% 56 $11,800,000 $210,714 $7,053 3.13%
    42% 48 $9,580,000 $199,583 $7,287 3.52%
    36% 44 $8,470,000 $192,500 $5,745 3.61%
    40% 42 $10,010,000 $238,333 $6,396 3.93%
    37% 41 $10,175,000 $248,171 $6,010 4.00%
    43% 40 $8,890,000 $222,250 $6,199 3.78%
    39% 38 $9,420,000 $247,895 $6,574 4.20%
    38% 34 $6,850,000 $201,471 $6,177 3.25%
    41% 33 $7,485,000 $226,818 $5,549 3.81%
    47% 33 $10,055,000 $304,697 $6,652 3.83%
    46% 26 $6,880,000 $264,615 $6,629 4.34%
    45% 21 $4,605,000 $219,286 $5,225 4.07%
    48% 21 $5,805,000 $276,429 $6,533 3.92%
    49% 17 $5,235,000 $307,941 $7,256 4.07%
    >60% 4 $730,000 $182,500 $3,191 2.56%

    The Ephrata National Bank lent most frequently to those with DTI ratios of 20-30%, with 304 originations. The next most common DTI ratio? 30-36%, with 248 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,239 $260,135,000 $209,956 $6,029 3.49%
    Not provided 101 $29,385,000 $290,941 $6,559 4.14%
    Not applicable 31 $10,845,000 $349,839 $0 4.94%
    Asian 12 $2,970,000 $247,500 $5,964 4.20%
    Black 8 $1,840,000 $230,000 $5,350 5.62%
    American Indian 1 $485,000 $485,000 $10,458 3.74%

    Approval Rates

    Total approvals of all applications
    86.53%

    The Ephrata National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.22%

    The Ephrata National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,392 $305,660,000 $219,583

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,392 $305,660,000 $219,583

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 292 $39,890,000 $136,610 $4,876 2.66%
    40-60% 211 $47,255,000 $223,957 $5,131 3.38%
    60-80% 320 $100,410,000 $313,781 $5,941 4.20%
    80-100% 304 $101,820,000 $334,934 $6,644 4.57%
    Over 100% 1 $65,000 $65,000 $4,288 3.74%
    Under 20% 264 $16,220,000 $61,439 $2,861 2.91%