ERIE Mortgage Rates & Closing Costs
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% |
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.).
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.
| 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.