ERIE Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Erie averaged 7.08% 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 7.15% and one month ago for the week of 2023-10-26, the average rate was 7.65%.

Erie's average rate one year ago was 6.64%.

For refis of the same type during the week of 2023-11-30, the average rate was 6.71%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-30 7.22%
Erie 30 Year Fixed Rate 2023-11-30 7.08%
Erie 30 Year Fixed Rate Refi 2023-11-30 6.71%
Erie 15 Year Fixed Rate 2023-11-30 6.77%
Erie 15 Year Fixed Rate Refi 2023-11-30 5.97%
Erie 30 Year FHA 2023-11-30 6.61%
Erie 30 Year FHA Refi 2023-11-30 6.85%
Erie 30 Year USDA 2023-11-30 7%
Erie 30 Year USDA Refi 2023-11-30 7%
Erie 30 Year VA 2023-11-30 6.64%
Erie 30 Year VA Refi 2023-11-30 6.87%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within ERIE, PA.

ERIE 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 ERIE, 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 274 4.89% $6,036
Marquette Savings Bank 172 5.06% $2,857
QUICKEN LOANS, LLC 111 5.22% $6,175
UNITED WHOLESALE MORTGAGE, LLC 103 5.88% $7,705
MOVEMENT MORTGAGE, LLC 95 5.30% $4,651
HOWARD HANNA FINANCIAL SERVICES, INC. 74 5.38% $4,204
Citizens Bank 63 4.99% $6,013
ERIE FEDERAL CREDIT UNION 55 4.89% $4,227
CNB Bank 51 4.58% $4,286
Widget Federal Credit Union 48 5.15% $3,307
Flagstar Bank, FSB 47 4.84% $5,244
PNC Bank 45 4.94% $4,479
First National Bank of Pennsylvania 44 4.84% $4,740
EQUITY RESOURCES, INC. 36 5.36% $4,962
UNION HOME MORTGAGE CORP. 30 4.68% $5,559
Princeton Mortgage Corporation 27 4.63% $6,264
TIDEWATER MORTGAGE SERVICES, INC. 25 4.89% $4,630
The Huntington National Bank 17 4.69% $4,241
Wells Fargo Bank 16 5.44% $4,451
GUARANTEED RATE, INC. 14 5.13% $6,434
Truist 13 5.62% $6,617
GUARANTY HOME MORTGAGE CORPORATION 13 5.66% $6,297
AMERISAVE MORTGAGE CORPORATION 12 4.85% $7,060
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 5.48% $4,771
PENNSYLVANIA STATE EMPLOYEES Credit Union 11 4.97% $3,338
PLAZA HOME MORTGAGE, INC. 11 5.00% $9,033
Mr. Cooper ( Nationstar Mortgage ) 11 4.90% $6,047
PENNYMAC LOAN SERVICES, LLC 9 4.19% $5,941
FIRST HERITAGE FINANCIAL, LLC 9 4.97% $4,161
NAVY FEDERAL CREDIT UNION 8 5.00% $5,244
JPMorgan Chase Bank 8 4.97% $4,420
BROKER SOLUTIONS, INC. 6 5.17% $5,607
CROSSCOUNTRY MORTGAGE, LLC 6 5.72% $5,278
Mortgage Research Center, LLC 5 5.97% $4,708
ROYAL UNITED MORTGAGE LLC 5 6.15% $7,661
Ally Bank 5 3.93% $6,182
Paramount Residential Mortgage Group, Inc. 4 5.22% $7,875
HOMESIDE FINANCIAL, LLC 4 5.00% $5,513
MidAtlantic Farm Credit, ACA 4 4.98% $5,935
KeyBank 4 4.97% $4,731
ZILLOW HOME LOANS, LLC 4 4.88% $6,614
FREEDOM MORTGAGE CORPORATION 4 5.15% $5,876
LOANDEPOT.COM, LLC 4 4.88% $7,201
M&T Bank 4 4.69% $4,314
GUILD MORTGAGE COMPANY 3 4.96% $6,932
BETTER MORTGAGE CORPORATION 3 4.17% $5,917
MUTUAL OF OMAHA MORTGAGE, INC. 3 5.71% $5,470
HOME POINT FINANCIAL CORPORATION 3 5.13% $7,415
Carrington Mortgage Services, LLC 2 3.50% $4,940
BOKF 2 6.63% $5,589
NEWREZ LLC 2 5.75% $3,996
NBKC BANK 2 6.06% $5,115
NATIONWIDE MORTGAGE BANKERS, INC. 2 5.63% $8,825
Community Bank 2 6.31% $1,817
SOFI LENDING CORP. 2 4.50% $5,608
SOUTHPOINT FINANCIAL SERVICES, INC. 2 5.81% $10,326
GUARANTEED RATE AFFINITY, LLC 2 7.15% $6,617
Bank of America 2 5.38% $5,764
Morgan Stanley Private Bank 2 3.53% $4,377
U.S. Bank 2 5.75% $2,141
AMERICAN FINANCING CORPORATION 2 5.31% $5,728
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.81% $6,076
AmeriHome Mortgage Company, LLC 2 4.87% $4,632
LIBERTY HOME MORTGAGE CORPORATION 2 4.00% $5,847
The North Side Bank & Trust Company 1 3.13% $2,292
AFFORDABLE MORTGAGE ADVISORS, LLC. 1 4.25% $3,354
AMERIFIRST FINANCIAL CORPORATION 1 6.75% $11,166
Amerifirst Financial, Inc. 1 6.13% $2,518
Ameris Bank 1 5.13% $7,529
Bank of England 1 5.38% $7,319
CALCON MUTUAL MORTGAGE LLC 1 3.88% $4,719
CALIBER HOME LOANS, INC. 1 3.88% $9,988
CARDINAL FINANCIAL 1 4.75% $11,540
Charles Schwab Bank, SSB 1 5.45% $4,477
Chicago Mortgage Solutions LLC 1 3.74% $2,112
CHURCHILL MORTGAGE CORPORATION 1 7.13% $4,846
Citadel Servicing Corporation 1 7.13% $8,343
CMG MORTGAGE, INC. 1 3.88% $3,386
COMMUNITY FIRST CREDIT UNION OF FLO 1 3.75% $2,806
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 4.63% $4,271
DIGITAL Federal Credit Union 1 4.75% $4,670
Discover Bank 1 6.99% $0
DRAPER AND KRAMER MORTGAGE CORP. 1 5.37% $4,902
EASTMAN 1 4.00% $3,336
EMM LOANS LLC 1 3.38% $6,356
EVERETT FINANCIAL, INC. 1 5.99% $3,059
Farm Credit East, ACA 1 6.10% $4,979
First Commonwealth Bank 1 4.00% $4,456
First Guaranty Mortgage Corporation 1 8.13% $14,114
First Internet Bank of Indiana 1 7.00% $2,780
GSF Mortgage Corporation 1 5.99% $7,890
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.13% $3,857
INTERCOASTAL MORTGAGE COMPANY 1 5.88% $5,353
Jersey Shore State Bank 1 4.75% $3,386
Kwik Mortgage Corporation 1 6.13% $4,562
LENDING CAPITAL GROUP Inc 1 2.99% $7,118
Metro City Bank 1 5.75% $6,791
MICHIGAN MUTUAL, INC. 1 3.38% $9,123
Mortgage America, Inc. 1 4.38% $5,434
Mortgage Network, Inc. 1 5.25% $7,354
Nations Lending Corporation 1 4.38% $8,040
NexBank 1 4.38% $3,810
NEXTIER BANK, NATIONAL ASSOCIATION 1 5.88% $6,231
North American Savings Bank, F.S.B. 1 4.50% $14,395
Notre Dame Federal Credit Union Corporation 1 6.25% $4,878
PENTAGON FEDERAL CREDIT UNION 1 4.75% $4,620
POLARIS HOME FUNDING CORP. 1 4.00% $6,065
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.00% $3,280
RBC Bank, (Georgia) 1 6.00% $4,132
RELIANCE FIRST CAPITAL, LLC 1 6.63% $12,419
RUOFF MORTGAGE COMPANY, INC. 1 6.13% $7,282
Shamrock Home Loans, Inc. 1 6.00% $9,362
S&T Bank 1 6.25% $3,105
Stifel Bank and Trust 1 5.63% $2,631
Strong Home Mortgage, LLC 1 3.88% $3,065
The Farmers National Bank of Emlenton 1 6.00% $8,463
ABERDEEN PROVING GROUND FEDERAL CREDIT UNION 1 4.38% $3,437
Union Savings Bank 1 4.63% $4,840
USAlliance Federal Credit Union 1 5.38% $6,688
UTILITIES EMPLOYEES CREDIT UNION 1 3.63% $5,066
VANDERBILT MORTGAGE AND FINANCE, INC. 1 4.63% $3,850
Victorian Finance, LLC 1 4.63% $3,834
Washington Financial Bank 1 5.13% $4,936
Waterstone Mortgage Corporation 1 5.88% $5,198

ERIE Average Closing Costs & Other Stats

ERIE, PA's 124 lenders originated 5,601 loans during 2022. The total origination value was $933,345,000, with an average loan value of $166,639.

ERIE's average closing costs are $4,921.

The top ERIE lender as defined by loan originations is Northwest Bank, with 274 loans originated. Their average total fees are $6,036, which is $3,179 higher than the next largest lender, Marquette Savings Bank.

The lowest fee ERIE lenders (with over 10 loans originated) are Marquette Savings Bank ($2,857), Widget Federal Credit Union ($3,307), PENNSYLVANIA STATE EMPLOYEES Credit Union ($3,338), HOWARD HANNA FINANCIAL SERVICES, INC. ($4,204) and ERIE FEDERAL CREDIT UNION ($4,227).

The lowest rate ERIE lenders (with over 10 loans originated) are CNB Bank (4.58%), Princeton Mortgage Corporation (4.63%), UNION HOME MORTGAGE CORP. (4.68%), The Huntington National Bank (4.69%) and First National Bank of Pennsylvania (4.84%).

ERIE, 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 $157,255,000 $101,670,000 -35.3% 10.9%
Marquette Savings Bank $99,110,000 $80,035,000 -19.2% 8.6%
CNB Bank $85,720,000 $58,810,000 -31.4% 6.3%
PNC Bank $59,875,000 $52,780,000 -11.8% 5.7%
QUICKEN LOANS, LLC $95,535,000 $46,780,000 -51.0% 5.0%
Citizens Bank $56,030,000 $38,000,000 -32.2% 4.1%
WALKER & DUNLOP, LLC $15,530,000 $36,505,000 135.1% 3.9%
ERIE FEDERAL CREDIT UNION $39,220,000 $35,540,000 -9.4% 3.8%
First National Bank of Pennsylvania $41,250,000 $34,865,000 -15.5% 3.7%
Community Bank $600,000 $32,740,000 5,356.7% 3.5%
UNITED WHOLESALE MORTGAGE, LLC $18,945,000 $32,265,000 70.3% 3.5%
MOVEMENT MORTGAGE, LLC $33,830,000 $26,700,000 -21.1% 2.9%
AFFORDABLE MORTGAGE ADVISORS, LLC. $34,055,000 $22,230,000 -34.7% 2.4%
Flagstar Bank, FSB $19,010,000 $20,470,000 7.7% 2.2%
Widget Federal Credit Union $28,560,000 $20,000,000 -30.0% 2.1%
HOWARD HANNA FINANCIAL SERVICES, INC. $21,865,000 $17,440,000 -20.2% 1.9%
Mortgage Research Center, LLC $19,370,000 $14,525,000 -25.0% 1.6%
GREYSTONE FUNDING COMPANY LLC $14,125,000 n/a 1.5%
M&T Realty Capital Corporation $9,375,000 $13,565,000 44.7% 1.5%
EQUITY RESOURCES, INC. $17,340,000 $13,425,000 -22.6% 1.4%
Merchants Bank of Indiana $12,500,000 n/a 1.3%
FirstBank $305,000 $10,840,000 3,454.1% 1.2%
The Andover Bank $16,390,000 $9,995,000 -39.0% 1.1%
The Huntington National Bank $13,805,000 $9,900,000 -28.3% 1.1%
UNION HOME MORTGAGE CORP. $19,250,000 $8,515,000 -55.8% 0.9%
Princeton Mortgage Corporation $27,145,000 $6,770,000 -75.1% 0.7%
GUARANTEED RATE, INC. $3,945,000 $6,110,000 54.9% 0.7%
PLAZA HOME MORTGAGE, INC. $17,660,000 $5,920,000 -66.5% 0.6%
Wells Fargo Bank $18,950,000 $5,870,000 -69.0% 0.6%
AMERISAVE MORTGAGE CORPORATION $9,165,000 $5,710,000 -37.7% 0.6%
Mercer County State Bank $2,760,000 $5,700,000 106.5% 0.6%
TIDEWATER MORTGAGE SERVICES, INC. $13,405,000 $5,600,000 -58.2% 0.6%
KeyBank $20,765,000 $5,375,000 -74.1% 0.6%
PENNSYLVANIA STATE EMPLOYEES Credit Union $5,115,000 $5,310,000 3.8% 0.6%
LOANDEPOT.COM, LLC $9,670,000 $4,855,000 -49.8% 0.5%
SOUTHPOINT FINANCIAL SERVICES, INC. $4,270,000 n/a 0.5%
GUARANTY HOME MORTGAGE CORPORATION $150,000 $3,950,000 2,533.3% 0.4%
FREEDOM MORTGAGE CORPORATION $16,150,000 $3,820,000 -76.3% 0.4%
NAVY FEDERAL CREDIT UNION $4,550,000 $3,755,000 -17.5% 0.4%
PENNYMAC LOAN SERVICES, LLC $10,225,000 $3,755,000 -63.3% 0.4%
Citibank $135,000 $3,425,000 2,437.0% 0.4%
Truist $1,090,000 $3,375,000 209.6% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $5,520,000 $3,260,000 -40.9% 0.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $765,000 $3,160,000 313.1% 0.3%
FIRST HERITAGE FINANCIAL, LLC $4,110,000 $3,050,000 -25.8% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $815,000 $2,215,000 171.8% 0.2%
NEW DAY FINANCIAL, LLC $2,715,000 $2,130,000 -21.5% 0.2%
BROKER SOLUTIONS, INC. $2,515,000 $2,020,000 -19.7% 0.2%
Equity Prime Mortgage LLC $810,000 $1,985,000 145.1% 0.2%
JPMorgan Chase Bank $5,080,000 $1,885,000 -62.9% 0.2%
HOME POINT FINANCIAL CORPORATION $5,960,000 $1,880,000 -68.5% 0.2%
AmeriServ Financial Bank $1,305,000 $1,840,000 41.0% 0.2%
MidAtlantic Farm Credit, ACA $1,800,000 n/a 0.2%
Ally Bank $2,065,000 $1,640,000 -20.6% 0.2%
Bank of America $2,525,000 $1,555,000 -38.4% 0.2%
HOMESIDE FINANCIAL, LLC $1,240,000 $1,515,000 22.2% 0.2%
M&T Bank $1,070,000 $1,465,000 36.9% 0.2%
Carrington Mortgage Services, LLC $845,000 $1,415,000 67.5% 0.2%
ROYAL UNITED MORTGAGE LLC $1,835,000 $1,350,000 -26.4% 0.1%
UTILITIES EMPLOYEES CREDIT UNION $75,000 $1,335,000 1,680.0% 0.1%
CORRY FEDERAL CREDIT UNION $1,995,000 $1,330,000 -33.3% 0.1%
GUILD MORTGAGE COMPANY $55,000 $1,225,000 2,127.3% 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $3,760,000 $1,205,000 -68.0% 0.1%
NEXTIER BANK, NATIONAL ASSOCIATION $460,000 $1,155,000 151.1% 0.1%
U.S. Bank $1,220,000 $1,130,000 -7.4% 0.1%
RELIANCE FIRST CAPITAL, LLC $1,550,000 $1,080,000 -30.3% 0.1%
ZILLOW HOME LOANS, LLC $950,000 $1,075,000 13.2% 0.1%
First Federal Bank of the Midwest $1,060,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $9,035,000 $1,020,000 -88.7% 0.1%
CALIBER HOME LOANS, INC. $1,895,000 $955,000 -49.6% 0.1%
Dollar Bank, Federal Savings Bank $1,395,000 $925,000 -33.7% 0.1%
Paramount Residential Mortgage Group, Inc. $1,385,000 $920,000 -33.6% 0.1%
Discover Bank $600,000 $885,000 47.5% 0.1%
Barrington Bank & Trust Company, N.A. $1,620,000 $870,000 -46.3% 0.1%
First Commonwealth Bank $875,000 $840,000 -4.0% 0.1%
USAA Federal Savings Bank $3,460,000 $825,000 -76.2% 0.1%
NEWREZ LLC $3,735,000 $815,000 -78.2% 0.1%
LAKEVIEW LOAN SERVICING, LLC $4,250,000 $805,000 -81.1% 0.1%
Morgan Stanley Private Bank $905,000 $800,000 -11.6% 0.1%
GUARANTEED RATE AFFINITY, LLC $665,000 n/a 0.1%
Brentwood Bank $205,000 $660,000 222.0% 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $125,000 $655,000 424.0% 0.1%
LENDING CAPITAL GROUP Inc $645,000 n/a 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $615,000 n/a 0.1%
CALCON MUTUAL MORTGAGE LLC $75,000 $600,000 700.0% 0.1%
NBKC BANK $580,000 n/a 0.1%
SOFI LENDING CORP. $1,675,000 $575,000 -65.7% 0.1%
The Farmers National Bank of Emlenton $25,000 $565,000 2,160.0% 0.1%
PENTAGON FEDERAL CREDIT UNION $935,000 $545,000 -41.7% 0.1%
INTERCOASTAL MORTGAGE COMPANY $105,000 $525,000 400.0% 0.1%
First Guaranty Mortgage Corporation $1,490,000 $500,000 -66.4% 0.1%
First Internet Bank of Indiana $260,000 $500,000 92.3% 0.1%
21ST MORTGAGE CORPORATION $580,000 $450,000 -22.4% 0.0%
TOP FLITE FINANCIAL, INC. $445,000 n/a 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $865,000 $430,000 -50.3% 0.0%
AMERIFIRST FINANCIAL CORPORATION $425,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $805,000 $425,000 -47.2% 0.0%
The Federal Savings Bank $905,000 $420,000 -53.6% 0.0%
North American Savings Bank, F.S.B. $415,000 n/a 0.0%
Union Savings Bank $405,000 n/a 0.0%
Washington Financial Bank $105,000 $395,000 276.2% 0.0%
Jersey Shore State Bank $80,000 $375,000 368.8% 0.0%
RUOFF MORTGAGE COMPANY, INC. $365,000 $370,000 1.4% 0.0%
AMERICAN FINANCING CORPORATION $485,000 $345,000 -28.9% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $345,000 n/a 0.0%
First Federal Bank of Kansas City $590,000 $345,000 -41.5% 0.0%
POLARIS HOME FUNDING CORP. $145,000 $345,000 137.9% 0.0%
Waterstone Mortgage Corporation $250,000 $345,000 38.0% 0.0%
BAYSHORE MORTGAGE FUNDING, LLC $335,000 n/a 0.0%
DIGITAL Federal Credit Union $335,000 n/a 0.0%
The North Side Bank & Trust Company $335,000 n/a 0.0%
CLEARPATH LENDING $690,000 $330,000 -52.2% 0.0%
CHURCHILL MORTGAGE CORPORATION $455,000 $320,000 -29.7% 0.0%
Lakeview Community Capital, LLC $185,000 $320,000 73.0% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $1,165,000 $320,000 -72.5% 0.0%
Texana Bank $320,000 n/a 0.0%
Notre Dame Federal Credit Union Corporation $305,000 n/a 0.0%
First Savings Bank $635,000 $300,000 -52.8% 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $595,000 $300,000 -49.6% 0.0%
Ameris Bank $255,000 $295,000 15.7% 0.0%
GSF Mortgage Corporation $275,000 n/a 0.0%
AMERICAN ADVISORS GROUP $205,000 $270,000 31.7% 0.0%
AmeriHome Mortgage Company, LLC $735,000 $260,000 -64.6% 0.0%
Magnolia Bank $155,000 $255,000 64.5% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $255,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $815,000 $250,000 -69.3% 0.0%
Metro City Bank $125,000 $245,000 96.0% 0.0%
BOKF $850,000 $240,000 -71.8% 0.0%
PHH Mortgage Corporation $580,000 $240,000 -58.6% 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $235,000 n/a 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $235,000 n/a 0.0%
Figure Lending LLC $305,000 $235,000 -23.0% 0.0%
Amerifirst Financial, Inc. $215,000 n/a 0.0%
Bank of England $75,000 $215,000 186.7% 0.0%
GENEVA FINANCIAL, LLC $155,000 $215,000 38.7% 0.0%
MICHIGAN MUTUAL, INC. $520,000 $215,000 -58.7% 0.0%
Citizens & Northern Bank $215,000 $205,000 -4.7% 0.0%
Mid-Continent Funding, Inc. $195,000 $205,000 5.1% 0.0%
USAlliance Federal Credit Union $205,000 n/a 0.0%
PLANET HOME LENDING, LLC $125,000 $200,000 60.0% 0.0%
DOMINION FINANCIAL SERVICES, LLC $195,000 n/a 0.0%
UNITED MORTGAGE CORP. $195,000 n/a 0.0%
LOANPAL, LLC $360,000 $190,000 -47.2% 0.0%
RBC Bank, (Georgia) $185,000 n/a 0.0%
Strong Home Mortgage, LLC $185,000 n/a 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $335,000 $175,000 -47.8% 0.0%
ALLEGENT COMMUNITY $165,000 n/a 0.0%
Shamrock Home Loans, Inc. $165,000 n/a 0.0%
SPRING EQ, LLC $105,000 $165,000 57.1% 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $70,000 $155,000 121.4% 0.0%
MILEND, INC. $155,000 n/a 0.0%
Mortgage Network, Inc. $155,000 n/a 0.0%
Stifel Bank and Trust $155,000 n/a 0.0%
Charles Schwab Bank, SSB $145,000 n/a 0.0%
Mortgage America, Inc. $85,000 $145,000 70.6% 0.0%
Nations Lending Corporation $830,000 $145,000 -82.5% 0.0%
TOWER $415,000 $145,000 -65.1% 0.0%
S&T Bank $1,220,000 $140,000 -88.5% 0.0%
MORIA DEVELOPMENT, INC. $135,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $305,000 $135,000 -55.7% 0.0%
ABERDEEN PROVING GROUND FEDERAL CREDIT UNION $130,000 n/a 0.0%
Chicago Mortgage Solutions LLC $405,000 $125,000 -69.1% 0.0%
Citadel Servicing Corporation $125,000 n/a 0.0%
COMMUNITY FIRST CREDIT UNION OF FLO $125,000 n/a 0.0%
Farm Credit East, ACA $125,000 n/a 0.0%
GUIDANCE RESIDENTIAL, LLC $125,000 n/a 0.0%
TOTAL MORTGAGE SERVICES, LLC $195,000 $125,000 -35.9% 0.0%
VILLAGE CAPITAL MORTGAGE $2,525,000 $125,000 -95.0% 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $930,000 $115,000 -87.6% 0.0%
HOME TOWN FUNDING, INC. $115,000 n/a 0.0%
ROSS MORTGAGE CORPORATION $115,000 n/a 0.0%
NFM, INC. $105,000 n/a 0.0%
Provident Bank $105,000 n/a 0.0%
First State Bank $95,000 n/a 0.0%
NexBank $95,000 n/a 0.0%
Victorian Finance, LLC $95,000 n/a 0.0%
CMG MORTGAGE, INC. $225,000 $85,000 -62.2% 0.0%
CONTOUR MORTGAGE CORPORATION $85,000 n/a 0.0%
EASTMAN $95,000 $85,000 -10.5% 0.0%
EVERETT FINANCIAL, INC. $270,000 $85,000 -68.5% 0.0%
Kwik Mortgage Corporation $85,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $190,000 $85,000 -55.3% 0.0%
TRIAD FINANCIAL SERVICES, INC. $690,000 $85,000 -87.7% 0.0%
ALLIANT CREDIT UNION $75,000 n/a 0.0%
EMM LOANS LLC $55,000 $75,000 36.4% 0.0%
Republic Bank & Trust Company $115,000 $75,000 -34.8% 0.0%
FIRST OHIO HOME FINANCE, INC. $125,000 $65,000 -48.0% 0.0%
Plains Commerce Bank $65,000 n/a 0.0%
NUMARK CREDIT UNION $55,000 n/a 0.0%
Clearview Federal Credit Union $395,000 $35,000 -91.1% 0.0%
LEBANON $100,000 $35,000 -65.0% 0.0%
Baxter Credit Union $95,000 $25,000 -73.7% 0.0%
Service Federal Credit Union $15,000 n/a 0.0%

ERIE's top lender by overall market share is Northwest Bank, with 10.9% market share. In second place, with 8.6%, is Marquette Savings Bank, having originated $80,035,000 in loans. In third place, with 6.3%, is CNB Bank, having originated $58,810,000 in loans. In fourth place, with 5.7%, is PNC Bank, having originated $52,780,000 in loans. In fifth place, with 5.0%, is QUICKEN LOANS, LLC, having originated $46,780,000 in loans.

ERIE, PA Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
16401 Erie, PA $570 $590 $760 $950 $1,040
16403 Erie, PA $570 $590 $760 $950 $1,040
16407 Erie, PA $580 $600 $780 $960 $1,070
16410 Erie, PA $630 $650 $840 $1,040 $1,150
16411 Erie, PA $720 $740 $960 $1,190 $1,320
16412 Erie, PA $700 $720 $940 $1,160 $1,290
16413 Erie, PA $630 $660 $850 $1,050 $1,160
16415 Erie, PA $690 $710 $920 $1,140 $1,260
16417 Erie, PA $570 $590 $760 $950 $1,040
16421 Erie, PA $570 $590 $760 $950 $1,040
16423 Erie, PA $570 $590 $770 $950 $1,060
16426 Erie, PA $720 $740 $960 $1,190 $1,320
16427 Erie, PA $770 $790 $1,030 $1,270 $1,410
16428 Erie, PA $610 $630 $820 $1,010 $1,120
16430 Erie, PA $630 $660 $850 $1,050 $1,160
16434 Erie, PA $630 $660 $850 $1,050 $1,160
16435 Erie, PA $590 $610 $790 $980 $1,080
16438 Erie, PA $570 $590 $760 $950 $1,040
16441 Erie, PA $620 $640 $830 $1,030 $1,140
16442 Erie, PA $570 $590 $760 $950 $1,040
16443 Erie, PA $640 $660 $860 $1,060 $1,180
16444 Erie, PA $700 $720 $940 $1,160 $1,290
16501 Erie, PA $570 $590 $760 $950 $1,040
16502 Erie, PA $590 $610 $790 $980 $1,080
16503 Erie, PA $570 $590 $760 $950 $1,040
16504 Erie, PA $690 $720 $930 $1,150 $1,270
16505 Erie, PA $670 $690 $900 $1,110 $1,230
16506 Erie, PA $750 $780 $1,010 $1,250 $1,380
16507 Erie, PA $620 $640 $830 $1,030 $1,140
16508 Erie, PA $600 $620 $800 $990 $1,100
16509 Erie, PA $690 $710 $920 $1,140 $1,260
16510 Erie, PA $710 $730 $950 $1,170 $1,300
16511 Erie, PA $680 $700 $910 $1,120 $1,250
16512 Erie, PA $630 $660 $850 $1,050 $1,160
16514 Erie, PA $630 $660 $850 $1,050 $1,160
16515 Erie, PA $630 $660 $850 $1,050 $1,160
16541 Erie, PA $630 $660 $850 $1,050 $1,160
16544 Erie, PA $630 $660 $850 $1,050 $1,160
16546 Erie, PA $690 $720 $930 $1,150 $1,270
16550 Erie, PA $630 $660 $850 $1,050 $1,160
16563 Erie, PA $710 $730 $950 $1,170 $1,300
16565 Erie, PA $630 $660 $850 $1,050 $1,160

2022 Average & Median Rent Data Statistics
ERIE, PA average 1BR rent: $661, median: $660
ERIE, PA average 2BR rent: $856, median: $850
ERIE, PA average 3BR rent: $1,060, median: $1,050

ERIE, PA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,557 $531,155,000 $207,726
Refi 1,030 $192,660,000 $187,049
Home Improvement 807 $72,415,000 $89,734
Cash Out Refi 641 $90,225,000 $140,757
Other 566 $46,890,000 $82,845

Erie's most frequently cited loan purpose was Home Purchase, with 2,557 originations. The 2nd most popular reason was Refi, with 1,030 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 1,408 $250,190,000 $177,692
3-4% 1,264 $180,810,000 $143,046
4-5% 1,147 $226,295,000 $197,293
6-7% 580 $93,340,000 $160,931
2.5-3% 442 $66,290,000 $149,977
<2.5% 390 $56,010,000 $143,615
7-8% 163 $24,705,000 $151,564
Over 8% 78 $5,390,000 $69,103

During 2022, Erie's most frequently originated rate bucket was 5-6%, with 1,408 originations.

Loan Sizing (ERIE, PA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 2,291 $130,795,000 $57,091
$100k-200k 2,093 $294,185,000 $140,557
$200k-400k 1,014 $264,070,000 $260,424
$400k-600k 142 $66,320,000 $467,042
$600k-1000k 41 $29,805,000 $726,951
$Over $1MM 20 $148,170,000 $7,408,500

ERIE's loan sizing saw the bucket of loans from $100,000 or less with 2,291 originations, totaling $130,795,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,074 $400,050,000 $192,888
60-80% 1,348 $299,200,000 $221,958
20-40% 746 $59,530,000 $79,799
40-60% 619 $101,115,000 $163,352
Under 20% 591 $23,355,000 $39,518
Over 100% 29 $8,455,000 $291,552

ERIE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,074 originations, totaling $400,050,000 in origination value.