ERIE Mortgage Rates

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

30 Year Fixed Rate mortgages in Erie averaged 5.82% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.23% and one month ago for the week of 2022-05-26, the average rate was 5.52%.

Erie's average rate one year ago was 3.44%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.96%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Erie 30 Year Fixed Rate 2022-06-30 5.82%
Erie 30 Year Fixed Rate Refi 2022-06-30 5.96%
Erie 15 Year Fixed Rate 2022-06-30 5.99%
Erie 15 Year Fixed Rate Refi 2022-06-30 5.24%
Erie 30 Year FHA 2022-06-30 5.54%
Erie 30 Year FHA Refi 2022-06-30 5.58%
Erie 30 Year USDA 2022-06-30 5.6%
Erie 30 Year USDA Refi 2022-06-30 5.2%
Erie 30 Year VA 2022-06-30 5.91%
Erie 30 Year VA Refi 2022-06-30 5.4%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Northwest Bank 395 3.01% $5,249
Marquette Savings Bank 216 3.41% $2,717
QUICKEN LOANS, LLC 207 3.19% $5,070
MOVEMENT MORTGAGE, LLC 130 3.19% $4,063
AFFORDABLE MORTGAGE ADVISORS, LLC. 130 3.06% $3,860
Citizens Bank 120 3.01% $5,707
Princeton Mortgage Corporation 105 3.12% $5,367
ERIE FEDERAL CREDIT UNION 96 3.25% $3,501
HOWARD HANNA FINANCIAL SERVICES, INC. 89 2.98% $4,055
Flagstar Bank, FSB 70 3.15% $4,123
EQUITY RESOURCES, INC. 61 3.22% $3,672
CNB Bank 55 2.99% $4,236
Widget Federal Credit Union 51 3.00% $3,141
UNITED WHOLESALE MORTGAGE, LLC 50 3.10% $6,854
UNION HOME MORTGAGE CORP. 49 3.11% $6,014
First National Bank of Pennsylvania 44 2.95% $4,721
TIDEWATER MORTGAGE SERVICES, INC. 42 3.21% $4,170
PNC Bank 41 3.13% $3,975
AMERISAVE MORTGAGE CORPORATION 27 3.04% $5,515
Wells Fargo Bank 25 3.27% $4,471
KeyBank 25 3.13% $2,730
The Huntington National Bank 24 3.16% $4,565
BETTER MORTGAGE CORPORATION 19 2.95% $4,291
JPMorgan Chase Bank 19 3.16% $3,861
PENNYMAC LOAN SERVICES, LLC 15 3.22% $6,465
PENNSYLVANIA STATE EMPLOYEES Credit Union 14 3.16% $2,468
FIRST HERITAGE FINANCIAL, LLC 13 3.22% $4,090
PLAZA HOME MORTGAGE, INC. 12 3.26% $8,013
LOANDEPOT.COM, LLC 12 3.06% $5,550
HOME POINT FINANCIAL CORPORATION 11 3.20% $6,774
GUARANTEED RATE, INC. 11 3.18% $4,224
AgChoice Farm Credit ACA 8 3.68% $5,059
NAVY FEDERAL CREDIT UNION 7 3.96% $3,943
Ally Bank 7 3.00% $4,566
ROYAL UNITED MORTGAGE LLC 6 3.63% $6,758
NEWREZ LLC 6 2.92% $3,816
BROKER SOLUTIONS, INC. 6 3.00% $4,861
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.20% $4,720
Atlantic Coast Mortgage, LLC 4 2.88% $3,278
Mr. Cooper ( Nationstar Mortgage ) 4 3.50% $4,826
Paramount Residential Mortgage Group, Inc. 4 3.25% $4,166
HOMESIDE FINANCIAL, LLC 4 2.93% $4,084
HOMESTEAD FUNDING CORP. 4 3.09% $3,718
Bank of America 4 3.03% $3,686
LOANPAL, LLC 4 3.25% $4,353
Discover Bank 4 6.87% $0
Dollar Bank, Federal Savings Bank 3 3.00% $4,839
CROSSCOUNTRY MORTGAGE, LLC 3 2.91% $4,119
FREEDOM MORTGAGE CORPORATION 3 3.54% $2,608
CALIBER HOME LOANS, INC. 3 3.47% $3,285
PENTAGON FEDERAL CREDIT UNION 3 3.00% $3,176
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.17% $3,906
INTERNATIONAL CITY MORTGAGE, INC. 2 2.75% $3,005
First Midwest Bank 2 2.81% $4,292
U.S. Bank 2 3.31% $2,620
PROVIDENT FUNDING ASSOCIATES, L.P. 2 2.75% $3,479
AmeriHome Mortgage Company, LLC 2 3.38% $5,150
Waterstone Mortgage Corporation 2 3.13% $4,539
Prosperity Home Mortgage, LLC 2 3.13% $3,974
ALLIED MORTGAGE GROUP, INC. 2 3.56% $5,066
ZILLOW HOME LOANS, LLC 2 3.56% $2,022
Northpointe Bank 2 3.50% $4,683
Community Bank 2 4.06% $0
T2 FINANCIAL LLC 2 3.44% $3,907
Manufacturers and Traders Trust Company 2 3.13% $5,025
SUCCESS MORTGAGE PARTNERS, INC. 2 3.50% $3,974
The Federal Savings Bank 2 4.25% $4,199
GUARANTY HOME MORTGAGE CORPORATION 2 3.81% $4,742
SOFI LENDING CORP. 2 2.88% $4,209
Third Federal Savings and Loan Association of Cleveland 2 2.57% $148
First Savings Bank 2 3.13% $3,033
TOWER 2 3.00% $4,104
Truist Bank 2 3.25% $8,536
OWNERSCHOICE FUNDING, INCORPORATED 1 3.25% $2,888
21ST MORTGAGE CORPORATION 1 6.80% $4,422
Advisors Mortgage Group, L.L.C. 1 3.38% $4,474
AMERICAN FINANCING CORPORATION 1 3.25% $3,409
AmeriServ Financial Bank 1 3.63% $11,031
Arvest Bank 1 3.00% $4,015
ASSEMBLIES OF GOD Credit Union 1 3.00% $2,796
Bank of England 1 3.25% $5,313
Baxter Credit Union 1 2.88% $2,946
BNY Mellon 1 3.00% $9,621
BOKF 1 3.00% $4,390
CALCON MUTUAL MORTGAGE LLC 1 3.88% $4,754
Century Mortgage Company DBA Century Lending Company 1 3.25% $3,630
Chemung Canal Trust Company 1 2.88% $3,497
CMG MORTGAGE, INC. 1 2.99% $4,664
EASTMAN 1 3.13% $3,237
EMM LOANS LLC 1 3.63% $3,000
FBC MORTGAGE, LLC 1 3.74% $3,866
FirstBank 1 2.88% $3,406
First Bank & Trust 1 2.75% $5,507
First Guaranty Mortgage Corporation 1 3.25% $4,546
First Home Bank 1 3.25% $3,464
First Internet Bank of Indiana 1 2.88% $3,395
GENEVA FINANCIAL, LLC 1 2.63% $3,440
GUILD MORTGAGE COMPANY 1 2.99% $4,357
INTERCOASTAL MORTGAGE COMPANY 1 2.63% $4,556
InterContinental Capital Group, Inc 1 2.50% $2,239
KELLER MORTGAGE, LLC 1 2.75% $2,496
LENDERFI, INC. 1 3.13% $1,203
LIBERTY HOME MORTGAGE CORPORATION 1 3.63% $500
Magnolia Bank 1 2.99% $5,664
MCLEAN MORTGAGE CORPORATION 1 3.88% $3,823
Morgan Stanley Private Bank 1 2.45% $10,059
Mortgage Research Center, LLC 1 2.99% $5,572
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.88% $4,938
NASA Federal Credit Union 1 3.25% $8,381
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.38% $4,821
NETWORK CAPITAL FUNDING CORPORATION 1 4.00% $5,495
NORWICH COMMERCIAL GROUP, INC. 1 3.38% $5,627
1ST FINANCIAL, INC. 1 2.99% $3,381
PHH Mortgage Corporation 1 2.88% $8,993
POLARIS HOME FUNDING CORP. 1 3.38% $6,780
PREMIA MORTGAGE, LLC 1 2.50% $3,143
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.63% $4,068
RELIANCE FIRST CAPITAL, LLC 1 3.25% $9,385
RESIDENTIAL BANCORP. 1 3.00% $7,278
RESIDENTIAL HOME FUNDING CORP. 1 2.88% $3,107
RUOFF MORTGAGE COMPANY, INC. 1 3.13% $4,592
Sail Mortgage Corp. 1 2.88% $7,918
Seven Seventeen Credit Union 1 2.75% $3,044
SOMERSET TRUST COMPANY 1 3.13% $2,690
South State Bank 1 4.38% $4,031
SPRING EQ, LLC 1 3.13% $3,088
S&T Bank 1 3.63% $20,726
Summit Mortgage Corporation 1 3.38% $4,173
SUN Federal Credit Union 1 3.50% $4,690
TCF National Bank 1 2.88% $4,625
TD Bank 1 3.13% $4,353
The Central Trust Bank 1 2.50% $6,385
The Union Bank Company 1 2.88% $3,248
UIF CORPORATION 1 2.75% $12,159
Washington Financial Bank 1 3.00% $3,212
Watermark Capital, Inc. 1 2.63% $3,735
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION 1 3.13% $4,135

ERIE, PA's 137 lenders originated 7,859 loans during 2021. The total origination value was $1,250,715,000, with an average loan value of $159,144.

The top ERIE lender as defined by loan originations is Northwest Bank, with 395 loans originated. Their average total fees are $5,249, which is $2,532 higher than the next largest lender, Marquette Savings Bank.

The lowest fee ERIE lenders (with over 10 loans originated) are PENNSYLVANIA STATE EMPLOYEES Credit Union ($2,468), Marquette Savings Bank ($2,717), KeyBank ($2,730), Widget Federal Credit Union ($3,141) and ERIE FEDERAL CREDIT UNION ($3,501).

The lowest rate ERIE lenders (with over 10 loans originated) are First National Bank of Pennsylvania (2.95%), BETTER MORTGAGE CORPORATION (2.95%), HOWARD HANNA FINANCIAL SERVICES, INC. (2.98%), CNB Bank (2.99%) and Widget Federal Credit Union (3.00%).

ERIE, PA Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Northwest Bank $171,065,000 $157,255,000 -8.1% 12.6%
Marquette Savings Bank $100,140,000 $99,110,000 -1.0% 7.9%
QUICKEN LOANS, LLC $75,920,000 $95,535,000 25.8% 7.6%
CNB Bank $50,795,000 $85,720,000 68.8% 6.9%
PNC Bank $60,420,000 $59,875,000 -0.9% 4.8%
Citizens Bank $36,525,000 $56,030,000 53.4% 4.5%
GREYSTONE SERVICING COMPANY LLC $42,125,000 n/a 3.4%
First National Bank of Pennsylvania $47,000,000 $41,250,000 -12.2% 3.3%
ERIE FEDERAL CREDIT UNION $40,200,000 $39,220,000 -2.4% 3.1%
AFFORDABLE MORTGAGE ADVISORS, LLC. $35,415,000 $34,055,000 -3.8% 2.7%
MOVEMENT MORTGAGE, LLC $33,750,000 $33,830,000 0.2% 2.7%
Widget Federal Credit Union $37,490,000 $28,560,000 -23.8% 2.3%
Princeton Mortgage Corporation $27,145,000 n/a 2.2%
HOWARD HANNA FINANCIAL SERVICES, INC. $18,865,000 $21,865,000 15.9% 1.7%
KeyBank $8,885,000 $20,765,000 133.7% 1.7%
Mortgage Research Center, LLC $13,825,000 $19,370,000 40.1% 1.5%
UNION HOME MORTGAGE CORP. $11,015,000 $19,250,000 74.8% 1.5%
Flagstar Bank, FSB $11,425,000 $19,010,000 66.4% 1.5%
Wells Fargo Bank $8,550,000 $18,950,000 121.6% 1.5%
UNITED WHOLESALE MORTGAGE, LLC $9,985,000 $18,945,000 89.7% 1.5%
PLAZA HOME MORTGAGE, INC. $14,405,000 $17,660,000 22.6% 1.4%
EQUITY RESOURCES, INC. $14,915,000 $17,340,000 16.3% 1.4%
The Andover Bank $16,635,000 $16,390,000 -1.5% 1.3%
FREEDOM MORTGAGE CORPORATION $17,485,000 $16,150,000 -7.6% 1.3%
WALKER & DUNLOP, LLC $12,710,000 $15,530,000 22.2% 1.2%
The Huntington National Bank $13,210,000 $13,805,000 4.5% 1.1%
TIDEWATER MORTGAGE SERVICES, INC. $22,030,000 $13,405,000 -39.2% 1.1%
PENNYMAC LOAN SERVICES, LLC $3,390,000 $10,225,000 201.6% 0.8%
LOANDEPOT.COM, LLC $3,695,000 $9,670,000 161.7% 0.8%
M&T Realty Capital Corporation $9,375,000 n/a 0.7%
AMERISAVE MORTGAGE CORPORATION $6,275,000 $9,165,000 46.1% 0.7%
BETTER MORTGAGE CORPORATION $1,820,000 $9,035,000 396.4% 0.7%
HOME POINT FINANCIAL CORPORATION $11,315,000 $5,960,000 -47.3% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $3,565,000 $5,520,000 54.8% 0.4%
PENNSYLVANIA STATE EMPLOYEES Credit Union $4,915,000 $5,115,000 4.1% 0.4%
JPMorgan Chase Bank $3,410,000 $5,080,000 49.0% 0.4%
NAVY FEDERAL CREDIT UNION $5,395,000 $4,550,000 -15.7% 0.4%
LAKEVIEW LOAN SERVICING, LLC $1,270,000 $4,250,000 234.6% 0.3%
Chemung Canal Trust Company $4,210,000 n/a 0.3%
FIRST HERITAGE FINANCIAL, LLC $2,685,000 $4,110,000 53.1% 0.3%
GUARANTEED RATE, INC. $215,000 $3,945,000 1,734.9% 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $5,665,000 $3,760,000 -33.6% 0.3%
NEWREZ LLC $2,775,000 $3,735,000 34.6% 0.3%
USAA Federal Savings Bank $6,195,000 $3,460,000 -44.1% 0.3%
Mercer County State Bank $2,985,000 $2,760,000 -7.5% 0.2%
NEW DAY FINANCIAL, LLC $1,925,000 $2,715,000 41.0% 0.2%
ARC HOME LLC $2,420,000 $2,635,000 8.9% 0.2%
Bank of America $1,680,000 $2,525,000 50.3% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $1,920,000 $2,525,000 31.5% 0.2%
BROKER SOLUTIONS, INC. $1,690,000 $2,515,000 48.8% 0.2%
Ally Bank $590,000 $2,065,000 250.0% 0.2%
HOMESTEAD FUNDING CORP. $5,875,000 $2,030,000 -65.4% 0.2%
ALLIED MORTGAGE GROUP, INC. $2,375,000 $2,000,000 -15.8% 0.2%
CORRY FEDERAL CREDIT UNION $1,385,000 $1,995,000 44.0% 0.2%
CALIBER HOME LOANS, INC. $2,435,000 $1,895,000 -22.2% 0.2%
ROYAL UNITED MORTGAGE LLC $1,735,000 $1,835,000 5.8% 0.1%
SOFI LENDING CORP. $215,000 $1,675,000 679.1% 0.1%
Barrington Bank & Trust Company, N.A. $1,510,000 $1,620,000 7.3% 0.1%
RELIANCE FIRST CAPITAL, LLC $1,355,000 $1,550,000 14.4% 0.1%
AgChoice Farm Credit ACA $1,450,000 $1,530,000 5.5% 0.1%
First Guaranty Mortgage Corporation $1,165,000 $1,490,000 27.9% 0.1%
BNY Mellon $1,405,000 n/a 0.1%
Dollar Bank, Federal Savings Bank $595,000 $1,395,000 134.5% 0.1%
Paramount Residential Mortgage Group, Inc. $740,000 $1,385,000 87.2% 0.1%
AmeriServ Financial Bank $365,000 $1,305,000 257.5% 0.1%
HOMESIDE FINANCIAL, LLC $1,150,000 $1,240,000 7.8% 0.1%
S&T Bank $14,400,000 $1,220,000 -91.5% 0.1%
U.S. Bank $520,000 $1,220,000 134.6% 0.1%
InterContinental Capital Group, Inc $1,385,000 $1,195,000 -13.7% 0.1%
LIBERTY HOME MORTGAGE CORPORATION $85,000 $1,165,000 1,270.6% 0.1%
Truist Bank $605,000 $1,090,000 80.2% 0.1%
Manufacturers and Traders Trust Company $560,000 $1,070,000 91.1% 0.1%
First Midwest Bank $975,000 n/a 0.1%
Atlantic Coast Mortgage, LLC $950,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $265,000 $950,000 258.5% 0.1%
PENTAGON FEDERAL CREDIT UNION $345,000 $935,000 171.0% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,655,000 $930,000 -43.8% 0.1%
Morgan Stanley Private Bank $125,000 $905,000 624.0% 0.1%
The Federal Savings Bank $1,535,000 $905,000 -41.0% 0.1%
First Commonwealth Bank $1,695,000 $875,000 -48.4% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $990,000 $865,000 -12.6% 0.1%
BOKF $525,000 $850,000 61.9% 0.1%
Carrington Mortgage Services, LLC $1,635,000 $845,000 -48.3% 0.1%
Low VA Rates, LLC $1,045,000 $830,000 -20.6% 0.1%
Nations Lending Corporation $830,000 n/a 0.1%
CROSSCOUNTRY MORTGAGE, LLC $945,000 $815,000 -13.8% 0.1%
Third Federal Savings and Loan Association of Cleveland $785,000 $815,000 3.8% 0.1%
Equity Prime Mortgage LLC $345,000 $810,000 134.8% 0.1%
EMBRACE HOME LOANS, INC. $740,000 $805,000 8.8% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $905,000 $765,000 -15.5% 0.1%
AmeriHome Mortgage Company, LLC $300,000 $735,000 145.0% 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $1,065,000 $695,000 -34.7% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $215,000 $695,000 223.3% 0.1%
CLEARPATH LENDING $2,680,000 $690,000 -74.3% 0.1%
TRIAD FINANCIAL SERVICES, INC. $340,000 $690,000 102.9% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $805,000 $665,000 -17.4% 0.1%
First Savings Bank $1,560,000 $635,000 -59.3% 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $730,000 $635,000 -13.0% 0.1%
Community Bank $140,000 $600,000 328.6% 0.0%
Discover Bank $130,000 $600,000 361.5% 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $785,000 $595,000 -24.2% 0.0%
First Federal Bank of Kansas City $225,000 $590,000 162.2% 0.0%
21ST MORTGAGE CORPORATION $485,000 $580,000 19.6% 0.0%
PHH Mortgage Corporation $200,000 $580,000 190.0% 0.0%
The Central Trust Bank $525,000 n/a 0.0%
MICHIGAN MUTUAL, INC. $220,000 $520,000 136.4% 0.0%
Fifth Third Bank $210,000 $500,000 138.1% 0.0%
The Union Bank Company $490,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $500,000 $485,000 -3.0% 0.0%
The ONE $105,000 $480,000 357.1% 0.0%
ASSEMBLIES OF GOD Credit Union $725,000 $465,000 -35.9% 0.0%
NEXTIER BANK, NATIONAL ASSOCIATION $460,000 n/a 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $460,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $655,000 $455,000 -30.5% 0.0%
1ST FINANCIAL, INC. $435,000 n/a 0.0%
TD Bank $25,000 $435,000 1,640.0% 0.0%
First Home Bank $135,000 $415,000 207.4% 0.0%
TOWER $120,000 $415,000 245.8% 0.0%
Chicago Mortgage Solutions LLC $405,000 n/a 0.0%
Clearview Federal Credit Union $60,000 $395,000 558.3% 0.0%
NASA Federal Credit Union $395,000 n/a 0.0%
SUN Federal Credit Union $395,000 n/a 0.0%
SUN WEST MORTGAGE COMPANY, INC. $410,000 $395,000 -3.7% 0.0%
LENDERFI, INC. $390,000 n/a 0.0%
WEST PENN FINANCIAL SERVICE CENTER, INC. $125,000 $385,000 208.0% 0.0%
RUOFF MORTGAGE COMPANY, INC. $650,000 $365,000 -43.8% 0.0%
Sail Mortgage Corp. $85,000 $365,000 329.4% 0.0%
LOANPAL, LLC $360,000 n/a 0.0%
AMERICAN FEDERAL MORTGAGE CORPORATION $335,000 $355,000 6.0% 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $335,000 n/a 0.0%
T2 FINANCIAL LLC $205,000 $335,000 63.4% 0.0%
CHERRY CREEK MORTGAGE, LLC $325,000 n/a 0.0%
UIF CORPORATION $325,000 n/a 0.0%
Prosperity Home Mortgage, LLC $310,000 n/a 0.0%
DIRECT MORTGAGE LOANS, LLC $305,000 n/a 0.0%
Figure Lending LLC $240,000 $305,000 27.1% 0.0%
FirstBank $305,000 n/a 0.0%
TCF National Bank $900,000 $305,000 -66.1% 0.0%
Wyndham Capital Mortgage, Inc. $305,000 n/a 0.0%
Northpointe Bank $490,000 $300,000 -38.8% 0.0%
LOANLEADERS OF AMERICA, INC. $285,000 n/a 0.0%
TIAA, FSB $425,000 $275,000 -35.3% 0.0%
EVERETT FINANCIAL, INC. $270,000 n/a 0.0%
NORWICH COMMERCIAL GROUP, INC. $265,000 n/a 0.0%
PREMIA MORTGAGE, LLC $265,000 n/a 0.0%
WesBanco Bank, Inc. $265,000 n/a 0.0%
First Internet Bank of Indiana $260,000 n/a 0.0%
Ameris Bank $770,000 $255,000 -66.9% 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $255,000 n/a 0.0%
RESIDENTIAL MORTGAGE SERVICES, INC. $405,000 $255,000 -37.0% 0.0%
Waterstone Mortgage Corporation $790,000 $250,000 -68.4% 0.0%
RESIDENTIAL HOME FUNDING CORP. $245,000 n/a 0.0%
KELLER MORTGAGE, LLC $235,000 n/a 0.0%
CMG MORTGAGE, INC. $75,000 $225,000 200.0% 0.0%
NETWORK CAPITAL FUNDING CORPORATION $380,000 $225,000 -40.8% 0.0%
INTERNATIONAL CITY MORTGAGE, INC. $220,000 n/a 0.0%
LAND HOME FINANCIAL SERVICES, INC. $1,020,000 $220,000 -78.4% 0.0%
Citizens & Northern Bank $385,000 $215,000 -44.2% 0.0%
Sierra Pacific Mortgage Company, Inc. $215,000 n/a 0.0%
AMERICAN ADVISORS GROUP $205,000 $205,000 0.0% 0.0%
Brentwood Bank $205,000 n/a 0.0%
First Bank & Trust $205,000 n/a 0.0%
RESIDENTIAL BANCORP. $205,000 n/a 0.0%
Mid-Continent Funding, Inc. $380,000 $195,000 -48.7% 0.0%
TOTAL MORTGAGE SERVICES, LLC $195,000 n/a 0.0%
Watermark Capital, Inc. $235,000 $195,000 -17.0% 0.0%
LENDINGHOME FUNDING CORPORATION $190,000 n/a 0.0%
Arvest Bank $185,000 n/a 0.0%
Lakeview Community Capital, LLC $185,000 n/a 0.0%
Peoples National Bank , N.A. $185,000 n/a 0.0%
Advisors Mortgage Group, L.L.C. $175,000 n/a 0.0%
OWNERSCHOICE FUNDING, INCORPORATED $250,000 $170,000 -32.0% 0.0%
SOMERSET TRUST COMPANY $170,000 n/a 0.0%
First National Bank of Omaha $165,000 n/a 0.0%
Quontic Bank $165,000 n/a 0.0%
South State Bank $165,000 n/a 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $155,000 n/a 0.0%
GENEVA FINANCIAL, LLC $435,000 $155,000 -64.4% 0.0%
Magnolia Bank $470,000 $155,000 -67.0% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $150,000 n/a 0.0%
First Federal Bank $145,000 n/a 0.0%
FIRST HOME MORTGAGE CORPORATION $145,000 n/a 0.0%
MEMBER FIRST MORTGAGE, LLC $145,000 n/a 0.0%
Patriot Lending Services, Inc. $145,000 n/a 0.0%
POLARIS HOME FUNDING CORP. $145,000 n/a 0.0%
Citibank $235,000 $135,000 -42.6% 0.0%
Summit Mortgage Corporation $135,000 n/a 0.0%
Century Mortgage Company DBA Century Lending Company $125,000 n/a 0.0%
CONSTRUCTIVE LOANS, LLC $185,000 $125,000 -32.4% 0.0%
FIRST OHIO HOME FINANCE, INC. $125,000 n/a 0.0%
Home Mortgage Alliance Corp $125,000 n/a 0.0%
Metro City Bank $125,000 n/a 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $135,000 $125,000 -7.4% 0.0%
OCEANSIDE MORTGAGE COMPANY $470,000 $125,000 -73.4% 0.0%
PLANET HOME LENDING, LLC $260,000 $125,000 -51.9% 0.0%
UNITED SECURITY FINANCIAL CORP $175,000 $125,000 -28.6% 0.0%
KS StateBank $375,000 $115,000 -69.3% 0.0%
Republic Bank & Trust Company $115,000 n/a 0.0%
ACADEMY MORTGAGE CORPORATION $105,000 n/a 0.0%
Centra Credit Union $105,000 n/a 0.0%
FBC MORTGAGE, LLC $105,000 n/a 0.0%
INTERCOASTAL MORTGAGE COMPANY $105,000 n/a 0.0%
SPRING EQ, LLC $90,000 $105,000 16.7% 0.0%
Washington Financial Bank $250,000 $105,000 -58.0% 0.0%
LEBANON $25,000 $100,000 300.0% 0.0%
Baxter Credit Union $95,000 n/a 0.0%
EASTMAN $95,000 n/a 0.0%
Peoples Security Bank and Trust Company $95,000 n/a 0.0%
THE MONEY SOURCE INC. $95,000 n/a 0.0%
Mortgage America, Inc. $135,000 $85,000 -37.0% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $200,000 $85,000 -57.5% 0.0%
Jersey Shore State Bank $80,000 n/a 0.0%
ALLEGACY FEDERAL CREDIT UNION $75,000 n/a 0.0%
Bank of England $805,000 $75,000 -90.7% 0.0%
CALCON MUTUAL MORTGAGE LLC $75,000 n/a 0.0%
Centier Bank $75,000 n/a 0.0%
USX Federal Credit Union $75,000 n/a 0.0%
UTILITIES EMPLOYEES CREDIT UNION $265,000 $75,000 -71.7% 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $215,000 $70,000 -67.4% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $320,000 $65,000 -79.7% 0.0%
Seven Seventeen Credit Union $65,000 n/a 0.0%
STAR USA FEDERAL CREDIT UNION $65,000 n/a 0.0%
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION $65,000 n/a 0.0%
EMM LOANS LLC $205,000 $55,000 -73.2% 0.0%
FREEDOM CREDIT UNION $55,000 n/a 0.0%
GUILD MORTGAGE COMPANY $55,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $55,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $55,000 n/a 0.0%
MCLEAN MORTGAGE CORPORATION $260,000 $55,000 -78.8% 0.0%
Premium Mortgage Corporation $1,190,000 $55,000 -95.4% 0.0%
SOUTH JERSEY $45,000 n/a 0.0%
Towne Bank $65,000 $45,000 -30.8% 0.0%
ALTRA $25,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%
The Farmers National Bank of Emlenton $135,000 $25,000 -81.5% 0.0%

ERIE's top lender by overall market share is Northwest Bank, with 12.6% market share. In second place, with 7.9%, is Marquette Savings Bank, having originated $99,110,000 in loans. In third place, with 7.6%, is QUICKEN LOANS, LLC, having originated $95,535,000 in loans. In third place, with 6.9%, is CNB Bank, having originated $85,720,000 in loans. In third place, with 4.8%, is PNC Bank, having originated $59,875,000 in loans.


ERIE, PA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,941 $530,855,000 $180,502
Refi 2,817 $464,625,000 $164,936
Cash Out Refi 1,202 $183,640,000 $152,779
Home Improvement 527 $39,105,000 $74,203
Other 372 $32,490,000 $87,339

Erie's most frequently cited loan purpose was Home Purchase, with 2,941 originations. The 2nd most popular reason was Refi, with 2,817 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 3,147 $536,105,000 $170,354
3-4% 2,786 $441,650,000 $158,525
<2.5% 1,205 $196,135,000 $162,768
4-5% 373 $37,595,000 $100,791
5-6% 100 $6,780,000 $67,800
6-7% 43 $1,975,000 $45,930
7-8% 22 $740,000 $33,636
Over 8% 20 $930,000 $46,500

During 2021, Erie's most frequently originated rate bucket was 2.5-3%, with 3,147 originations.

Loan Sizing (ERIE, PA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 3,473 $490,405,000 $141,205
$100,000 or less 2,773 $175,155,000 $63,164
$200k-400k 1,417 $370,305,000 $261,330
$400k-600k 146 $68,670,000 $470,342
$600k-1000k 33 $24,675,000 $747,727
$Over $1MM 17 $121,505,000 $7,147,353

ERIE's loan sizing saw the bucket of loans from $100k-200k with 3,473 originations, totaling $490,405,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,947 $514,805,000 $174,688
60-80% 2,391 $474,595,000 $198,492
40-60% 980 $121,330,000 $123,806
20-40% 676 $48,470,000 $71,701
Under 20% 433 $15,005,000 $34,654
Over 100% 42 $10,200,000 $242,857

ERIE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,947 originations, totaling $514,805,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - ERIE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $129,950 (8.4%) $191,861 (8.2%) 0.48 1,027
2018-02-01 $134,900 (12.5%) $192,998 (5.8%) 0.49 967
2018-03-01 $134,900 (12.4%) $194,301 (5.8%) 0.47 987
2018-04-01 $139,900 (8.0%) $203,764 (4.6%) 0.47 958
2018-05-01 $148,950 (14.8%) $207,160 (5.5%) 0.50 1,005
2018-06-01 $144,900 (8.3%) $209,867 (4.3%) 0.48 1,067
2018-07-01 $144,900 (3.6%) $209,190 (2.9%) 0.48 1,113
2018-08-01 $143,200 (6.1%) $205,337 (2.8%) 0.48 1,214
2018-09-01 $139,900 (3.6%) $202,770 (1.8%) 0.47 1,466
2018-10-01 $139,900 (5.6%) $201,669 (3.4%) 0.47 1,426
2018-11-01 $137,900 (2.6%) $200,796 (2.1%) 0.46 1,366
2018-12-01 $134,900 (1.5%) $196,742 (1.3%) 0.46 1,323
2019-01-01 $134,950 (3.9%) $199,480 (4.0%) 0.47 1,197
2019-02-01 $139,900 (3.7%) $203,299 (5.3%) 0.47 1,159
2019-03-01 $146,429 (8.6%) $208,405 (7.3%) 0.48 1,124
2019-04-01 $155,000 (10.8%) $215,631 (5.8%) 0.49 1,080
2019-05-01 $162,200 (8.9%) $225,391 (8.8%) 0.50 1,080
2019-06-01 $168,900 (16.6%) $229,877 (9.5%) 0.52 1,124
2019-07-01 $166,450 (14.9%) $225,267 (7.7%) 0.52 1,137
2019-08-01 $157,614 (10.1%) $217,026 (5.7%) 0.50 1,131
2019-09-01 $147,900 (5.7%) $211,971 (4.5%) 0.47 1,093
2019-10-01 $145,450 (4.0%) $210,354 (4.3%) 0.46 1,103
2019-11-01 $145,000 (5.2%) $209,742 (4.5%) 0.47 1,014
2019-12-01 $139,450 (3.4%) $203,848 (3.6%) 0.46 896
2020-01-01 $136,500 (1.2%) $200,547 (0.5%) 0.46 799
2020-02-01 $139,900 (0.0%) $211,136 (3.9%) 0.45 723
2020-03-01 $142,500 (-2.7%) $224,127 (7.5%) 0.45 650
2020-04-01 $146,000 (-5.8%) $232,173 (7.7%) 0.45 614
2020-05-01 $160,000 (-1.4%) $239,266 (6.2%) 0.48 576
2020-06-01 $168,950 (0.0%) $240,181 (4.5%) 0.49 518
2020-07-01 $165,000 (-0.9%) $236,228 (4.9%) 0.47 492
2020-08-01 $164,999 (4.7%) $238,060 (9.7%) 0.47 455
2020-09-01 $159,900 (8.1%) $229,114 (8.1%) 0.46 425
2020-10-01 $144,900 (-0.4%) $218,761 (4.0%) 0.41 443
2020-11-01 $136,500 (-5.9%) $218,834 (4.3%) 0.39 414
2020-12-01 $138,750 (-0.5%) $217,708 (6.8%) 0.41 364
2021-01-01 $139,950 (2.5%) $231,933 (15.7%) 0.41 307
2021-02-01 $145,000 (3.7%) $235,022 (11.3%) 0.42 244
2021-03-01 $144,950 (1.7%) $237,231 (5.9%) 0.41 231
2021-04-01 $149,700 (2.5%) $239,289 (3.1%) 0.40 213
2021-05-01 $154,900 (-3.2%) $261,844 (9.4%) 0.41 229
2021-06-01 $169,900 (0.6%) $275,022 (14.5%) 0.44 295
2021-07-01 $171,887 (4.2%) $275,929 (16.8%) 0.45 345
2021-08-01 $151,200 (-8.4%) $261,665 (9.9%) 0.40 372
2021-09-01 $154,900 (-3.1%) $260,623 (13.8%) 0.41 367
2021-10-01 $150,000 (3.5%) $269,093 (23.0%) 0.39 373
2021-11-01 $149,900 (9.8%) $267,985 (22.5%) 0.40 350
2021-12-01 $144,950 (4.5%) $287,170 (31.9%) 0.39 324
2022-01-01 $134,900 (-3.6%) $292,637 (26.2%) 0.36 274
2022-02-01 $148,400 (2.3%) $295,021 (25.5%) 0.38 217
2022-03-01 $174,950 (20.7%) $320,518 (35.1%) 0.43 219
2022-04-01 $189,900 (26.9%) $314,684 (31.5%) 0.45 239
2022-05-01 $197,450 (27.5%) $304,411 (16.3%) 0.44 275
2022-06-01 $187,450 (10.3%) $285,744 (3.9%) 0.42 308
ERIE's median listing price for 2022-06-01 was $187,450, a difference of $17,550 (10.3%) versus the prior year and $-10,000 versus the prior month.

ERIE's median listing price comes in at 42% of the national average.

ERIE's average listing price for 2022-06-01 was $285,744, a difference of $10,722 (3.9%) versus the prior year and $-18,667 versus the prior month.

For the 2022-06-01 period, ERIE had 308 MLS listings, a difference of 33 listings (12%) versus the prior month and 13 listings (4%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - ERIE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 126 days 1,616 sqft
2018-02-01 127 days 1,624 sqft
2018-03-01 116 days 1,614 sqft
2018-04-01 93 days 1,633 sqft
2018-05-01 74 days 1,644 sqft
2018-06-01 65 days 1,634 sqft
2018-07-01 67 days 1,615 sqft
2018-08-01 65 days 1,583 sqft
2018-09-01 51 days 1,600 sqft
2018-10-01 63 days 1,584 sqft
2018-11-01 84 days 1,574 sqft
2018-12-01 100 days 1,560 sqft
2019-01-01 112 days 1,553 sqft
2019-02-01 117 days 1,552 sqft
2019-03-01 113 days 1,582 sqft
2019-04-01 95 days 1,608 sqft
2019-05-01 80 days 1,634 sqft
2019-06-01 71 days 1,672 sqft
2019-07-01 65 days 1,659 sqft
2019-08-01 71 days 1,611 sqft
2019-09-01 73 days 1,591 sqft
2019-10-01 79 days 1,611 sqft
2019-11-01 88 days 1,600 sqft
2019-12-01 96 days 1,579 sqft
2020-01-01 104 days 1,560 sqft
2020-02-01 107 days 1,560 sqft
2020-03-01 90 days 1,584 sqft
2020-04-01 96 days 1,604 sqft
2020-05-01 100 days 1,632 sqft
2020-06-01 90 days 1,652 sqft
2020-07-01 62 days 1,635 sqft
2020-08-01 59 days 1,671 sqft
2020-09-01 48 days 1,567 sqft
2020-10-01 45 days 1,504 sqft
2020-11-01 58 days 1,526 sqft
2020-12-01 73 days 1,479 sqft
2021-01-01 84 days 1,534 sqft
2021-02-01 79 days 1,518 sqft
2021-03-01 55 days 1,512 sqft
2021-04-01 46 days 1,531 sqft
2021-05-01 39 days 1,533 sqft
2021-06-01 32 days 1,569 sqft
2021-07-01 36 days 1,549 sqft
2021-08-01 39 days 1,511 sqft
2021-09-01 46 days 1,551 sqft
2021-10-01 49 days 1,521 sqft
2021-11-01 54 days 1,550 sqft
2021-12-01 61 days 1,572 sqft
2022-01-01 78 days 1,560 sqft
2022-02-01 88 days 1,593 sqft
2022-03-01 76 days 1,636 sqft
2022-04-01 39 days 1,643 sqft
2022-05-01 39 days 1,680 sqft
2022-06-01 39 days 1,624 sqft
ERIE's median listing age (time on market) for 2022-06-01 was 39 days. This is 22% longer than the same period one year ago.

ERIE's median square footage for active listings during the 2022-06-01 period was 1,624 sqft. One year prior, the average listing was 1,569 sqft.