Bradford Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Bradford averaged 7.35% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

The average rate for the prior week (2023-11-22) was 7.12% and one month ago for the week of 2023-10-26, the average rate was 7.82%.

Bradford's average rate one year ago was 6.51%.

For refis of the same type during the week of 2023-11-30, the average rate was 7.42%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-30 7.22%
Bradford 30 Year Fixed Rate 2023-11-30 7.35%
Bradford 30 Year Fixed Rate Refi 2023-11-30 7.42%
Bradford 15 Year Fixed Rate 2023-11-30 6.36%
Bradford 15 Year Fixed Rate Refi 2023-11-30 6.56%
Bradford 30 Year FHA 2023-11-30 6.95%
Bradford 30 Year FHA Refi 2023-11-30 7.05%
Bradford 30 Year USDA 2023-11-30 6.9%
Bradford 30 Year USDA Refi 2023-11-30 6.9%
Bradford 30 Year VA 2023-11-30 6.67%
Bradford 30 Year VA Refi 2023-11-30 6.57%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Bradford, PA.

Bradford Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Bradford, PA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Northwest Bank 30 4.86% $3,501
QUICKEN LOANS, LLC 19 5.44% $5,754
CNB Bank 10 5.26% $4,087
SUCCESS MORTGAGE PARTNERS, INC. 5 6.83% $5,033
PNC Bank 5 5.78% $3,372
Community Bank 4 4.06% $1,217
First Commonwealth Bank 3 5.75% $5,274
BROKER SOLUTIONS, INC. 3 5.86% $6,221
Wyndham Capital Mortgage, Inc. 2 4.19% $3,922
Citizens & Northern Bank 2 7.01% $2,794
JPMorgan Chase Bank 2 5.43% $2,777
The Huntington National Bank 2 4.56% $5,087
U.S. Bank 2 4.13% $3,718
The Federal Savings Bank 1 5.13% $15,952
TIDEWATER MORTGAGE SERVICES, INC. 1 5.25% $4,280
UNION HOME MORTGAGE CORP. 1 6.88% $7,063
UNITED WHOLESALE MORTGAGE, LLC 1 4.00% $9,052
Wells Fargo Bank 1 5.88% $11,496
MOVEMENT MORTGAGE, LLC 1 6.63% $5,954
Citizens Bank 1 6.00% $5,564
CROSSCOUNTRY MORTGAGE, LLC 1 5.50% $4,864
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.00% $7,953
GUILD MORTGAGE COMPANY 1 6.25% $5,325
HOMESTEAD FUNDING CORP. 1 4.00% $2,967
HOWARD HANNA FINANCIAL SERVICES, INC. 1 3.63% $4,099
Jersey Shore State Bank 1 6.00% $4,017
MID AMERICA MORTGAGE, INC. 1 6.00% $4,441
Bank of England 1 6.38% $2,402
M&T Bank 1 3.75% $6,251
PENNSYLVANIA STATE EMPLOYEES Credit Union 1 3.13% $2,744
T2 FINANCIAL LLC 1 4.63% $9,145

Bradford Average Closing Costs & Other Stats

Bradford, PA's 31 lenders originated 459 loans during 2022. The total origination value was $51,235,000, with an average loan value of $111,623.

Bradford's average closing costs are $4,447.

The top Bradford lender as defined by loan originations is Northwest Bank, with 30 loans originated. Their average total fees are $3,501, which is $2,253 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Bradford lenders (with over 10 loans originated) are Northwest Bank ($3,501), CNB Bank ($4,087), QUICKEN LOANS, LLC ($5,754), .

The lowest rate Bradford lenders (with over 10 loans originated) are Northwest Bank (4.86%), CNB Bank (5.26%), QUICKEN LOANS, LLC (5.44%), .

Bradford, PA Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Northwest Bank $16,805,000 $11,325,000 -32.6% 22.1%
CNB Bank $13,145,000 $10,210,000 -22.3% 19.9%
QUICKEN LOANS, LLC $13,180,000 $6,235,000 -52.7% 12.2%
The Juniata Valley Bank $870,000 $2,450,000 181.6% 4.8%
Mortgage Research Center, LLC $685,000 $2,340,000 241.6% 4.6%
PNC Bank $1,575,000 $1,965,000 24.8% 3.8%
SUCCESS MORTGAGE PARTNERS, INC. $1,180,000 n/a 2.3%
Citizens & Northern Bank $1,430,000 $945,000 -33.9% 1.8%
Community Bank $985,000 $835,000 -15.2% 1.6%
JPMorgan Chase Bank $45,000 $775,000 1,622.2% 1.5%
PENNSYLVANIA STATE EMPLOYEES Credit Union $640,000 $765,000 19.5% 1.5%
UNITED WHOLESALE MORTGAGE, LLC $485,000 $735,000 51.5% 1.4%
AMERISAVE MORTGAGE CORPORATION $270,000 $695,000 157.4% 1.4%
BROKER SOLUTIONS, INC. $105,000 $590,000 461.9% 1.2%
Wyndham Capital Mortgage, Inc. $135,000 $530,000 292.6% 1.0%
USAA Federal Savings Bank $625,000 $465,000 -25.6% 0.9%
Wells Fargo Bank $800,000 $460,000 -42.5% 0.9%
Citizens Bank $485,000 $445,000 -8.2% 0.9%
KeyBank $180,000 $445,000 147.2% 0.9%
M&T Bank $115,000 $375,000 226.1% 0.7%
T2 FINANCIAL LLC $85,000 $375,000 341.2% 0.7%
The Huntington National Bank $345,000 n/a 0.7%
The Federal Savings Bank $125,000 $325,000 160.0% 0.6%
First Commonwealth Bank $270,000 $305,000 13.0% 0.6%
PENNYMAC LOAN SERVICES, LLC $450,000 $300,000 -33.3% 0.6%
21ST MORTGAGE CORPORATION $640,000 $280,000 -56.3% 0.5%
U.S. Bank $280,000 n/a 0.5%
MidAtlantic Farm Credit, ACA $270,000 n/a 0.5%
NAVY FEDERAL CREDIT UNION $95,000 $270,000 184.2% 0.5%
NEW DAY FINANCIAL, LLC $560,000 $250,000 -55.4% 0.5%
Bank of England $85,000 $240,000 182.4% 0.5%
GUILD MORTGAGE COMPANY $215,000 n/a 0.4%
CROSSCOUNTRY MORTGAGE, LLC $205,000 n/a 0.4%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $195,000 n/a 0.4%
MOVEMENT MORTGAGE, LLC $85,000 $195,000 129.4% 0.4%
PHH Mortgage Corporation $195,000 n/a 0.4%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $185,000 n/a 0.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $255,000 $185,000 -27.5% 0.4%
Jersey Shore State Bank $95,000 $175,000 84.2% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $165,000 $175,000 6.1% 0.3%
HOWARD HANNA FINANCIAL SERVICES, INC. $160,000 n/a 0.3%
NFM, INC. $155,000 n/a 0.3%
TOWNE MORTGAGE COMPANY $145,000 n/a 0.3%
UNION HOME MORTGAGE CORP. $65,000 $145,000 123.1% 0.3%
TIDEWATER MORTGAGE SERVICES, INC. $315,000 $135,000 -57.1% 0.3%
Valley National Bank $125,000 $125,000 0.0% 0.2%
AFFORDABLE MORTGAGE ADVISORS, LLC. $115,000 n/a 0.2%
DRAPER AND KRAMER MORTGAGE CORP. $105,000 n/a 0.2%
HOME POINT FINANCIAL CORPORATION $105,000 n/a 0.2%
MID AMERICA MORTGAGE, INC. $105,000 n/a 0.2%
Mortgage Network, Inc. $105,000 n/a 0.2%
Mr. Cooper ( Nationstar Mortgage ) $290,000 $105,000 -63.8% 0.2%
TOP FLITE FINANCIAL, INC. $95,000 n/a 0.2%
First Guaranty Mortgage Corporation $85,000 n/a 0.2%
First National Bank of Pennsylvania $85,000 n/a 0.2%
FREEDOM MORTGAGE CORPORATION $935,000 $85,000 -90.9% 0.2%
Bethpage Federal Credit Union $75,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $175,000 $75,000 -57.1% 0.1%
FINANCE OF AMERICA REVERSE LLC $75,000 n/a 0.1%
Flagstar Bank, FSB $75,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $280,000 $75,000 -73.2% 0.1%
ROYAL UNITED MORTGAGE LLC $450,000 $75,000 -83.3% 0.1%
Elderton State Bank $205,000 $65,000 -68.3% 0.1%
HOMESTEAD FUNDING CORP. $450,000 $65,000 -85.6% 0.1%
COLORADO CREDIT UNION $55,000 n/a 0.1%
TRUMARK FINANCIAL CREDIT UNION $15,000 n/a 0.0%

Bradford's top lender by overall market share is Northwest Bank, with 22.1% market share. In second place, with 19.9%, is CNB Bank, having originated $10,210,000 in loans. In third place, with 12.2%, is QUICKEN LOANS, LLC, having originated $6,235,000 in loans. In fourth place, with 4.8%, is The Juniata Valley Bank, having originated $2,450,000 in loans. In fifth place, with 4.6%, is Mortgage Research Center, LLC, having originated $2,340,000 in loans.

Bradford, PA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 240 $31,850,000 $132,708
Home Improvement 69 $4,265,000 $61,812
Refi 64 $6,710,000 $104,844
Cash Out Refi 61 $6,655,000 $109,098
Other 25 $1,755,000 $70,200

Bradford's most frequently cited loan purpose was Home Purchase, with 240 originations. The 2nd most popular reason was Home Improvement, with 69 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
4-5% 119 $14,235,000 $119,622
5-6% 115 $12,365,000 $107,522
3-4% 78 $8,230,000 $105,513
6-7% 44 $5,540,000 $125,909
7-8% 26 $2,470,000 $95,000
<2.5% 25 $2,515,000 $100,600
2.5-3% 24 $2,900,000 $120,833
Over 8% 11 $465,000 $42,273

During 2022, Bradford's most frequently originated rate bucket was 4-5%, with 119 originations.

Loan Sizing (Bradford, PA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 268 $16,030,000 $59,813
$100k-200k 142 $20,210,000 $142,324
$200k-400k 42 $10,960,000 $260,952
$400k-600k 4 $1,890,000 $472,500
$600k-1000k 3 $2,145,000 $715,000

Bradford's loan sizing saw the bucket of loans from $100,000 or less with 268 originations, totaling $16,030,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 204 $27,240,000 $133,529
60-80% 114 $12,250,000 $107,456
20-40% 52 $2,740,000 $52,692
40-60% 46 $4,530,000 $98,478
Under 20% 23 $1,425,000 $61,957
Over 100% 2 $450,000 $225,000

Bradford's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 204 originations, totaling $27,240,000 in origination value.