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 7.29% for the week of 2024-05-09, compared to the national average of 7.09% for the same period.

The average rate for the prior week (2024-05-02) was 7.42% and one month ago for the week of 2024-04-04, the average rate was 6.82%.

Erie's average rate one year ago was 6.29%.

For refis of the same type during the week of 2024-05-09, the average rate was 7.59%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-09 7.09%
Erie 30 Year Fixed Rate 2024-05-09 7.29%
Erie 30 Year Fixed Rate Refi 2024-05-09 7.59%
Erie 15 Year Fixed Rate 2024-05-09 6.82%
Erie 15 Year Fixed Rate Refi 2024-05-09 6.78%
Erie 30 Year FHA 2024-05-09 6.59%
Erie 30 Year FHA Refi 2024-05-09 6.59%
Erie 30 Year USDA 2024-05-09 6.99%
Erie 30 Year USDA Refi 2024-05-09 6.89%
Erie 30 Year VA 2024-05-09 6.93%
Erie 30 Year VA Refi 2024-05-09 6.69%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 196 7.01% $8,101
Marquette Savings Bank 177 6.54% $3,122
Northwest Bank 88 6.52% $5,430
MOVEMENT MORTGAGE, LLC 86 6.97% $5,086
QUICKEN LOANS, LLC 81 6.92% $6,475
Citizens Bank 65 6.72% $6,390
First National Bank of Pennsylvania 55 6.67% $4,605
AFFORDABLE MORTGAGE ADVISORS, LLC. 53 6.71% $4,506
HOWARD HANNA FINANCIAL SERVICES, INC. 46 6.68% $4,809
PENNYMAC LOAN SERVICES, LLC 40 6.67% $5,419
EQUITY RESOURCES, INC. 39 6.78% $5,501
PNC Bank 37 6.83% $4,701
Widget Federal Credit Union 36 6.25% $3,370
FIRST HERITAGE FINANCIAL, LLC 25 6.94% $4,727
CNB Bank 22 6.39% $4,473
The Huntington National Bank 19 6.93% $5,281
PLAZA HOME MORTGAGE, INC. 13 6.92% $7,176
PENNSYLVANIA STATE EMPLOYEES Credit Union 12 6.29% $2,892
CROSSCOUNTRY MORTGAGE, LLC 10 6.79% $5,842
FREEDOM MORTGAGE CORPORATION 10 7.23% $8,714
PROVIDENT FUNDING ASSOCIATES, L.P. 9 6.32% $5,606
Plains Commerce Bank 8 6.92% $10,332
NAVY FEDERAL CREDIT UNION 7 6.89% $4,314
JPMorgan Chase Bank 7 7.11% $4,630
ERIE FEDERAL CREDIT UNION 7 7.12% $4,844
Wells Fargo Bank 6 7.06% $4,395
KeyBank 6 6.85% $4,134
Flagstar Bank, FSB 6 7.40% $6,209
AMERISAVE MORTGAGE CORPORATION 5 6.70% $6,516
RELIANCE FIRST CAPITAL, LLC 5 6.55% $7,013
MICHIGAN MUTUAL, INC. 5 7.03% $5,600
Ixonia Bank 5 7.30% $5,673
LOANDEPOT.COM, LLC 5 6.85% $7,331
First Commonwealth Bank 4 6.81% $6,147
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.91% $5,329
NATIONWIDE MORTGAGE BANKERS, INC. 4 6.90% $6,507
UNION HOME MORTGAGE CORP. 4 7.47% $6,047
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.97% $4,960
Truist 4 6.38% $4,912
MidAtlantic Farm Credit, ACA 3 7.11% $4,531
Mortgage Research Center, LLC 3 6.91% $5,695
PENTAGON FEDERAL CREDIT UNION 3 6.54% $4,571
HOMESIDE FINANCIAL, LLC 3 6.50% $7,832
The Loan Store, Inc. 3 6.75% $5,131
ZILLOW HOME LOANS, LLC 3 7.08% $8,305
Univest Bank and Trust Co. 2 7.69% $6,317
USAA Federal Savings Bank 2 6.81% $5,445
U.S. Bank 2 7.63% $6,990
Community Bank 2 6.75% $1,510
SOUTHPOINT FINANCIAL SERVICES, INC. 2 6.50% $5,430
BROKER SOLUTIONS, INC. 2 6.93% $9,208
WRIGHT-PATT CREDIT UNION, INC. 2 7.31% $3,518
Mr. Cooper ( Nationstar Mortgage ) 2 6.74% $8,402
GUARANTY HOME MORTGAGE CORPORATION 2 6.69% $5,937
NEWREZ LLC 2 7.50% $5,689
TIDEWATER MORTGAGE SERVICES, INC. 2 6.81% $6,562
NEXTIER BANK, NATIONAL ASSOCIATION 1 6.63% $6,121
Ally Bank 1 5.63% $7,626
ASSEMBLIES OF GOD Credit Union 1 6.50% $3,243
Bank of America 1 6.75% $4,045
Barrington Bank & Trust Company, N.A. 1 7.88% $5,069
CARDINAL FINANCIAL 1 7.13% $7,236
Carrington Mortgage Services, LLC 1 5.38% $6,945
Charles Schwab Bank, SSB 1 5.88% $5,810
CITADEL FEDERAL CREDIT UNION 1 6.25% $2,272
Citibank 1 5.88% $5,375
City National Bank of Florida 1 6.50% $4,351
Clearview Federal Credit Union 1 5.79% $3,641
CMG MORTGAGE, INC. 1 5.99% $4,109
Colonial Savings, F.A. 1 6.38% $11,467
CORNING 1 6.63% $6,399
Discover Bank 1 8.49% $0
Farm Credit East, ACA 1 6.85% $4,495
Fifth Third Bank 1 6.49% $4,445
FIRST COMMUNITY MORTGAGE, INC. 1 6.88% $2,028
First Savings Bank 1 6.63% $3,175
Franklin Loan Corporation 1 7.75% $6,136
Fulton Bank 1 6.38% $9,299
Goldman Sachs Bank USA 1 5.45% $7,451
GSF Mortgage Corporation 1 6.50% $3,407
GUARANTEED RATE AFFINITY, LLC 1 7.63% $4,550
GUARANTEED RATE, INC. 1 7.43% $4,662
GUIDANCE RESIDENTIAL, LLC 1 6.75% $5,952
INTERCAP LENDING INC. 1 7.50% $6,343
Kwik Mortgage Corporation 1 7.63% $4,566
LAKEVIEW LOAN SERVICING, LLC 1 6.63% $5,149
Leader Bank 1 6.88% $4,621
LIBERTY HOME MORTGAGE CORPORATION 1 6.75% $3,889
MILEND, INC. 1 6.63% $7,254
Morgan Stanley Private Bank 1 7.20% $4,257
M&T Bank 1 7.13% $4,153
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.38% $7,066
NEXERA HOLDING LLC 1 8.25% $12,431
Northpointe Bank 1 6.13% $4,572
Old National Bank 1 6.25% $5,695
ONE NEVADA CREDIT UNION 1 6.50% $4,250
PLUS RELOCATION MORTGAGE, LLC 1 6.99% $5,193
PREMIA MORTGAGE, LLC 1 6.50% $2,590
Premium Mortgage Corporation 1 6.75% $8,776
RAPID MORTGAGE COMPANY 1 7.25% $6,195
RUOFF MORTGAGE COMPANY, INC. 1 5.88% $6,215
Sail Mortgage Corp. 1 7.50% $4,411
S&T Bank 1 5.88% $4,166
STOCKTON MORTGAGE CORPORATION 1 7.50% $5,357
Strong Home Mortgage, LLC 1 7.38% $4,719
The Croghan Colonial Bank 1 8.50% $5,371
The Ephrata National Bank 1 6.75% $3,579
The Farmers National Bank of Canfield 1 6.99% $4,526
UTILITIES EMPLOYEES CREDIT UNION 1 7.50% $3,993

ERIE Average Closing Costs & Other Stats

ERIE, PA's 109 lenders originated 4,286 loans during 2023. The total origination value was $620,820,000, with an average loan value of $144,848.

ERIE's average closing costs are $5,078.

The top ERIE lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 196 loans originated. Their average total fees are $8,101, which is $4,978 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 ($2,892), Marquette Savings Bank ($3,122), Widget Federal Credit Union ($3,370), CNB Bank ($4,473) and AFFORDABLE MORTGAGE ADVISORS, LLC. ($4,506).

The lowest rate ERIE lenders (with over 10 loans originated) are Widget Federal Credit Union (6.25%), PENNSYLVANIA STATE EMPLOYEES Credit Union (6.29%), CNB Bank (6.39%), Northwest Bank (6.52%) and Marquette Savings Bank (6.54%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Marquette Savings Bank $80,035,000 $82,845,000 3.5% 13.3%
UNITED WHOLESALE MORTGAGE, LLC $32,265,000 $54,975,000 70.4% 8.9%
Northwest Bank $101,670,000 $47,040,000 -53.7% 7.6%
QUICKEN LOANS, LLC $46,780,000 $33,405,000 -28.6% 5.4%
CNB Bank $58,810,000 $33,380,000 -43.2% 5.4%
ERIE FEDERAL CREDIT UNION $35,540,000 $31,425,000 -11.6% 5.1%
First National Bank of Pennsylvania $34,865,000 $27,945,000 -19.8% 4.5%
PNC Bank $52,780,000 $26,960,000 -48.9% 4.3%
MOVEMENT MORTGAGE, LLC $26,700,000 $21,480,000 -19.6% 3.5%
Citizens Bank $38,000,000 $20,310,000 -46.6% 3.3%
NEXTIER BANK, NATIONAL ASSOCIATION $1,155,000 $16,605,000 1,337.7% 2.7%
ORIX REAL ESTATE CAPITAL, LLC $16,125,000 n/a 2.6%
AFFORDABLE MORTGAGE ADVISORS, LLC. $22,230,000 $12,870,000 -42.1% 2.1%
EQUITY RESOURCES, INC. $13,425,000 $12,505,000 -6.9% 2.0%
HOWARD HANNA FINANCIAL SERVICES, INC. $17,440,000 $11,625,000 -33.3% 1.9%
Widget Federal Credit Union $20,000,000 $11,030,000 -44.9% 1.8%
Mortgage Research Center, LLC $14,525,000 $9,280,000 -36.1% 1.5%
PENNYMAC LOAN SERVICES, LLC $3,755,000 $8,155,000 117.2% 1.3%
The Huntington National Bank $9,900,000 $6,680,000 -32.5% 1.1%
Mercer County State Bank $5,700,000 $6,055,000 6.2% 1.0%
FIRST HERITAGE FINANCIAL, LLC $3,050,000 $5,880,000 92.8% 0.9%
PLAZA HOME MORTGAGE, INC. $5,920,000 $5,315,000 -10.2% 0.9%
PENNSYLVANIA STATE EMPLOYEES Credit Union $5,310,000 $4,985,000 -6.1% 0.8%
NAVY FEDERAL CREDIT UNION $3,755,000 $4,225,000 12.5% 0.7%
Baxter Credit Union $25,000 $3,765,000 14,960.0% 0.6%
The Andover Bank $9,995,000 $3,680,000 -63.2% 0.6%
FREEDOM MORTGAGE CORPORATION $3,820,000 $3,515,000 -8.0% 0.6%
Plains Commerce Bank $65,000 $3,370,000 5,084.6% 0.5%
CROSSCOUNTRY MORTGAGE, LLC $2,215,000 $3,270,000 47.6% 0.5%
KeyBank $5,375,000 $2,880,000 -46.4% 0.5%
WALKER & DUNLOP, LLC $36,505,000 $2,875,000 -92.1% 0.5%
Flagstar Bank, FSB $20,470,000 $2,575,000 -87.4% 0.4%
JPMorgan Chase Bank $1,885,000 $2,250,000 19.4% 0.4%
PROVIDENT FUNDING ASSOCIATES, L.P. $2,225,000 n/a 0.4%
USAA Federal Savings Bank $825,000 $2,130,000 158.2% 0.3%
Equity Prime Mortgage LLC $1,985,000 $2,110,000 6.3% 0.3%
BROKER SOLUTIONS, INC. $2,020,000 $2,010,000 -0.5% 0.3%
RELIANCE FIRST CAPITAL, LLC $1,080,000 $1,945,000 80.1% 0.3%
SOUTHPOINT FINANCIAL SERVICES, INC. $4,270,000 $1,750,000 -59.0% 0.3%
Wells Fargo Bank $5,870,000 $1,740,000 -70.4% 0.3%
Tendto Credit Union $1,675,000 n/a 0.3%
The Farmers National Bank of Canfield $1,610,000 n/a 0.3%
LOANDEPOT.COM, LLC $4,855,000 $1,535,000 -68.4% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,160,000 $1,475,000 -53.3% 0.2%
AMERISAVE MORTGAGE CORPORATION $5,710,000 $1,465,000 -74.3% 0.2%
Ixonia Bank $1,440,000 n/a 0.2%
Discover Bank $885,000 $1,285,000 45.2% 0.2%
MidAtlantic Farm Credit, ACA $1,800,000 $1,270,000 -29.4% 0.2%
First Commonwealth Bank $840,000 $1,265,000 50.6% 0.2%
Fulton Bank $1,235,000 n/a 0.2%
UNION HOME MORTGAGE CORP. $8,515,000 $1,180,000 -86.1% 0.2%
NATIONWIDE MORTGAGE BANKERS, INC. $655,000 $1,150,000 75.6% 0.2%
The Federal Savings Bank $420,000 $1,130,000 169.0% 0.2%
PENTAGON FEDERAL CREDIT UNION $545,000 $1,090,000 100.0% 0.2%
UTILITIES EMPLOYEES CREDIT UNION $1,335,000 $1,085,000 -18.7% 0.2%
U.S. Bank $1,130,000 $940,000 -16.8% 0.2%
CARDINAL FINANCIAL $1,205,000 $935,000 -22.4% 0.2%
ZILLOW HOME LOANS, LLC $1,075,000 $915,000 -14.9% 0.1%
Truist $3,375,000 $885,000 -73.8% 0.1%
LIBERTY HOME MORTGAGE CORPORATION $320,000 $880,000 175.0% 0.1%
MICHIGAN MUTUAL, INC. $215,000 $870,000 304.7% 0.1%
Carrington Mortgage Services, LLC $1,415,000 $820,000 -42.0% 0.1%
21ST MORTGAGE CORPORATION $450,000 $810,000 80.0% 0.1%
HOMESIDE FINANCIAL, LLC $1,515,000 $805,000 -46.9% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $430,000 $805,000 87.2% 0.1%
Univest Bank and Trust Co. $800,000 n/a 0.1%
GUARANTEED RATE, INC. $6,110,000 $790,000 -87.1% 0.1%
Goldman Sachs Bank USA $755,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $920,000 $745,000 -19.0% 0.1%
Mr. Cooper ( Nationstar Mortgage ) $3,260,000 $740,000 -77.3% 0.1%
CORRY FEDERAL CREDIT UNION $1,330,000 $730,000 -45.1% 0.1%
AmeriServ Financial Bank $1,840,000 $680,000 -63.0% 0.1%
TRIAD FINANCIAL SERVICES, INC. $85,000 $670,000 688.2% 0.1%
GUARANTEED RATE AFFINITY, LLC $665,000 $665,000 0.0% 0.1%
NEW DAY FINANCIAL, LLC $2,130,000 $640,000 -70.0% 0.1%
Community Bank $32,740,000 $625,000 -98.1% 0.1%
RUOFF MORTGAGE COMPANY, INC. $370,000 $625,000 68.9% 0.1%
TOP FLITE FINANCIAL, INC. $445,000 $625,000 40.4% 0.1%
Citibank $3,425,000 $560,000 -83.6% 0.1%
American Mortgage & Equity Consultants, Inc. $535,000 n/a 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $300,000 $530,000 76.7% 0.1%
BNC National Bank $525,000 n/a 0.1%
NEXERA HOLDING LLC $520,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $1,350,000 $515,000 -61.9% 0.1%
The Loan Store, Inc. $485,000 n/a 0.1%
TIDEWATER MORTGAGE SERVICES, INC. $5,600,000 $470,000 -91.6% 0.1%
Charles Schwab Bank, SSB $145,000 $465,000 220.7% 0.1%
Clearview Federal Credit Union $35,000 $465,000 1,228.6% 0.1%
Figure Lending LLC $235,000 $445,000 89.4% 0.1%
Old National Bank $445,000 n/a 0.1%
Coastal Community Bank $440,000 n/a 0.1%
Bank of America $1,555,000 $435,000 -72.0% 0.1%
Century Mortgage Company DBA Century Lending Company $435,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $870,000 $430,000 -50.6% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $410,000 n/a 0.1%
The Croghan Colonial Bank $405,000 n/a 0.1%
The Muncy Bank and Trust Company $395,000 n/a 0.1%
MILEND, INC. $155,000 $385,000 148.4% 0.1%
Premium Mortgage Corporation $385,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $155,000 $380,000 145.2% 0.1%
FINANCE OF AMERICA REVERSE LLC $370,000 n/a 0.1%
NBKC BANK $580,000 $365,000 -37.1% 0.1%
Colonial Savings, F.A. $335,000 n/a 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $325,000 n/a 0.1%
S&T Bank $140,000 $320,000 128.6% 0.1%
Mars Bank $315,000 n/a 0.1%
STOCKTON MORTGAGE CORPORATION $315,000 n/a 0.1%
AMWEST FUNDING CORP. $310,000 n/a 0.0%
LENDINGONE, LLC $305,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $305,000 n/a 0.0%
GUARANTY HOME MORTGAGE CORPORATION $3,950,000 $290,000 -92.7% 0.0%
CORNING $285,000 n/a 0.0%
Franklin Loan Corporation $285,000 n/a 0.0%
PLUS RELOCATION MORTGAGE, LLC $285,000 n/a 0.0%
VILLAGE CAPITAL MORTGAGE $125,000 $285,000 128.0% 0.0%
Morgan Stanley Private Bank $800,000 $275,000 -65.6% 0.0%
Strong Home Mortgage, LLC $185,000 $275,000 48.6% 0.0%
CONTOUR MORTGAGE CORPORATION $85,000 $270,000 217.6% 0.0%
Farm Credit East, ACA $125,000 $265,000 112.0% 0.0%
Magnolia Bank $255,000 $255,000 0.0% 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $235,000 $245,000 4.3% 0.0%
PREMIA MORTGAGE, LLC $245,000 n/a 0.0%
NEWREZ LLC $815,000 $240,000 -70.6% 0.0%
INTERCAP LENDING INC. $235,000 n/a 0.0%
Marquette Bank $235,000 n/a 0.0%
SPRING EQ, LLC $165,000 $235,000 42.4% 0.0%
WRIGHT-PATT CREDIT UNION, INC. $230,000 n/a 0.0%
First Savings Bank $300,000 $225,000 -25.0% 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $115,000 $225,000 95.7% 0.0%
Victorian Finance, LLC $95,000 $215,000 126.3% 0.0%
LAKEVIEW LOAN SERVICING, LLC $805,000 $210,000 -73.9% 0.0%
City National Bank of Florida $205,000 n/a 0.0%
Northpointe Bank $205,000 n/a 0.0%
SUCCESS MORTGAGE PARTNERS, INC. $205,000 n/a 0.0%
WesBanco $205,000 n/a 0.0%
PLANET HOME LENDING, LLC $200,000 $195,000 -2.5% 0.0%
A&D Mortgage LLC $185,000 n/a 0.0%
GUIDANCE RESIDENTIAL, LLC $125,000 $185,000 48.0% 0.0%
INTERLINC MORTGAGE SERVICES, LLC $185,000 n/a 0.0%
Leader Bank $185,000 n/a 0.0%
ONE NEVADA CREDIT UNION $185,000 n/a 0.0%
CIVIC FINANCIAL SERVICES, LLC $180,000 n/a 0.0%
TOWNE MORTGAGE COMPANY $175,000 n/a 0.0%
EASTMAN $85,000 $165,000 94.1% 0.0%
Third Federal Savings and Loan Association of Cleveland $250,000 $165,000 -34.0% 0.0%
Acre Mortgage and Financial Inc $155,000 n/a 0.0%
CMG MORTGAGE, INC. $85,000 $155,000 82.4% 0.0%
AMERICAN HERITAGE LENDING, INC. $145,000 n/a 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $145,000 n/a 0.0%
Capital Bank $145,000 n/a 0.0%
GSF Mortgage Corporation $275,000 $145,000 -47.3% 0.0%
Ally Bank $1,640,000 $135,000 -91.8% 0.0%
ASSEMBLIES OF GOD Credit Union $135,000 n/a 0.0%
FIRST COMMUNITY MORTGAGE, INC. $135,000 n/a 0.0%
First Federal Bank of Kansas City $345,000 $135,000 -60.9% 0.0%
RAPID MORTGAGE COMPANY $135,000 n/a 0.0%
Sail Mortgage Corp. $135,000 n/a 0.0%
M&T Bank $1,465,000 $130,000 -91.1% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $345,000 $125,000 -63.8% 0.0%
EMBRACE HOME LOANS, INC. $425,000 $125,000 -70.6% 0.0%
Fifth Third Bank $125,000 n/a 0.0%
First Western Trust Bank $115,000 n/a 0.0%
RESIDENTIAL BANCORP $115,000 n/a 0.0%
Bank of England $215,000 $105,000 -51.2% 0.0%
CITADEL FEDERAL CREDIT UNION $105,000 n/a 0.0%
The Ephrata National Bank $105,000 n/a 0.0%
TD Bank $100,000 n/a 0.0%
CALCON MUTUAL MORTGAGE LLC $600,000 $95,000 -84.2% 0.0%
Kwik Mortgage Corporation $85,000 $95,000 11.8% 0.0%
LONGBRIDGE FINANCIAL, LLC $95,000 n/a 0.0%
RBC Bank, (Georgia) $185,000 $95,000 -48.6% 0.0%
Kish Bank $85,000 n/a 0.0%
The ONE $80,000 n/a 0.0%
Bethpage Federal Credit Union $75,000 n/a 0.0%
NASA Federal Credit Union $75,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $345,000 $65,000 -81.2% 0.0%
Centier Bank $65,000 n/a 0.0%
Dollar Bank, Federal Savings Bank $925,000 $65,000 -93.0% 0.0%
United States Senate Federal Credit Union $65,000 n/a 0.0%
Mid-Continent Funding, Inc. $205,000 $55,000 -73.2% 0.0%
FREEDOM CREDIT UNION $50,000 n/a 0.0%
ALLIANT CREDIT UNION $75,000 $40,000 -46.7% 0.0%
COMMUNITY MORTGAGE FUNDING, LLC $35,000 n/a 0.0%
State Department Federal Credit Union $35,000 n/a 0.0%
Honor Credit Union $15,000 n/a 0.0%

ERIE's top lender by overall market share is Marquette Savings Bank, with 13.3% market share. In second place, with 8.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $54,975,000 in loans. In third place, with 7.6%, is Northwest Bank, having originated $47,040,000 in loans. In fourth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $33,405,000 in loans. In fifth place, with 5.4%, is CNB Bank, having originated $33,380,000 in loans.


ERIE Housing Market Trends (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 $129,900 (8.3%) $190,862 (7.4%) 0.48 1,011
2018-02-01 $133,250 (11.1%) $191,592 (4.8%) 0.48 947
2018-03-01 $134,900 (12.0%) $194,171 (5.0%) 0.47 968
2018-04-01 $139,900 (8.2%) $203,656 (4.2%) 0.47 940
2018-05-01 $147,363 (15.0%) $206,804 (5.8%) 0.49 984
2018-06-01 $144,000 (10.8%) $209,543 (4.3%) 0.48 1,042
2018-07-01 $144,900 (5.0%) $207,969 (2.7%) 0.48 1,089
2018-08-01 $141,175 (4.6%) $204,465 (2.4%) 0.47 1,122
2018-09-01 $136,950 (1.4%) $201,985 (1.5%) 0.46 1,162
2018-10-01 $138,400 (4.7%) $200,402 (2.6%) 0.47 1,137
2018-11-01 $134,925 (2.9%) $200,125 (2.4%) 0.46 1,078
2018-12-01 $134,900 (3.8%) $199,376 (3.5%) 0.47 1,005
2019-01-01 $136,400 (5.0%) $199,894 (4.7%) 0.47 912
2019-02-01 $139,900 (5.0%) $206,435 (7.8%) 0.47 884
2019-03-01 $146,400 (8.5%) $210,557 (8.4%) 0.48 871
2019-04-01 $155,000 (10.8%) $217,173 (6.6%) 0.49 858
2019-05-01 $161,944 (9.9%) $227,642 (10.1%) 0.51 864
2019-06-01 $167,950 (16.6%) $229,506 (9.5%) 0.52 897
2019-07-01 $166,250 (14.7%) $225,689 (8.5%) 0.52 919
2019-08-01 $159,155 (12.7%) $222,171 (8.7%) 0.50 920
2019-09-01 $151,136 (10.4%) $216,765 (7.3%) 0.48 909
2019-10-01 $142,413 (2.9%) $211,858 (5.7%) 0.46 899
2019-11-01 $140,000 (3.8%) $206,675 (3.3%) 0.46 822
2019-12-01 $136,775 (1.4%) $205,037 (2.8%) 0.46 732
2020-01-01 $134,900 (-1.1%) $201,860 (1.0%) 0.45 663
2020-02-01 $137,999 (-1.4%) $209,083 (1.3%) 0.45 599
2020-03-01 $145,287 (-0.8%) $221,563 (5.2%) 0.46 537
2020-04-01 $151,900 (-2.0%) $232,417 (7.0%) 0.48 506
2020-05-01 $164,800 (1.8%) $236,492 (3.9%) 0.50 500
2020-06-01 $171,325 (2.0%) $242,633 (5.7%) 0.50 455
2020-07-01 $167,450 (0.7%) $238,506 (5.7%) 0.49 458
2020-08-01 $162,900 (2.4%) $234,005 (5.3%) 0.47 419
2020-09-01 $153,450 (1.5%) $224,339 (3.5%) 0.44 392
2020-10-01 $139,950 (-1.7%) $214,619 (1.3%) 0.40 408
2020-11-01 $134,800 (-3.7%) $206,960 (0.1%) 0.39 382
2020-12-01 $129,900 (-5.0%) $209,033 (2.0%) 0.39 332
2021-01-01 $135,000 (0.1%) $220,454 (9.2%) 0.40 274
2021-02-01 $139,175 (0.9%) $222,857 (6.6%) 0.41 217
2021-03-01 $137,400 (-5.4%) $225,047 (1.6%) 0.39 207
2021-04-01 $134,900 (-11.2%) $219,258 (-5.7%) 0.37 188
2021-05-01 $149,900 (-9.0%) $252,874 (6.9%) 0.40 201
2021-06-01 $162,900 (-4.9%) $270,943 (11.7%) 0.43 263
2021-07-01 $160,000 (-4.5%) $260,742 (9.3%) 0.42 300
2021-08-01 $147,400 (-9.5%) $250,343 (7.0%) 0.39 319
2021-09-01 $149,900 (-2.3%) $247,559 (10.4%) 0.40 319
2021-10-01 $149,950 (7.2%) $255,610 (19.1%) 0.40 311
2021-11-01 $139,900 (3.8%) $254,738 (23.1%) 0.37 292
2021-12-01 $139,900 (7.7%) $278,740 (33.4%) 0.38 278
2022-01-01 $133,450 (-1.2%) $289,737 (31.4%) 0.36 236
2022-02-01 $138,725 (-0.3%) $286,784 (28.7%) 0.36 189
2022-03-01 $167,500 (21.9%) $313,198 (39.2%) 0.42 184
2022-04-01 $174,950 (29.7%) $304,085 (38.7%) 0.42 196
2022-05-01 $189,900 (26.7%) $296,170 (17.1%) 0.43 236
2022-06-01 $185,550 (13.9%) $281,611 (3.9%) 0.41 271
2022-07-01 $189,450 (18.4%) $275,649 (5.7%) 0.43 293
2022-08-01 $184,750 (25.3%) $281,288 (12.4%) 0.43 315
2022-09-01 $188,802 (26.0%) $271,753 (9.8%) 0.44 315
2022-10-01 $200,000 (33.4%) $283,120 (10.8%) 0.47 299
2022-11-01 $199,900 (42.9%) $287,172 (12.7%) 0.48 262
2022-12-01 $192,000 (37.2%) $279,029 (0.1%) 0.47 233
2023-01-01 $187,872 (40.8%) $278,772 (-3.8%) 0.47 216
2023-02-01 $182,450 (31.5%) $275,806 (-3.8%) 0.44 182
2023-03-01 $197,450 (17.9%) $284,830 (-9.1%) 0.47 182
2023-04-01 $229,950 (31.4%) $319,702 (5.1%) 0.53 173
2023-05-01 $239,450 (26.1%) $321,004 (8.4%) 0.54 191
2023-06-01 $229,500 (23.7%) $312,621 (11.0%) 0.52 193
2023-07-01 $209,900 (10.8%) $306,957 (11.4%) 0.48 231
2023-08-01 $220,650 (19.4%) $305,594 (8.6%) 0.51 243
2023-09-01 $222,450 (17.8%) $316,024 (16.3%) 0.52 258
2023-10-01 $227,000 (13.5%) $313,648 (10.8%) 0.53 277
2023-11-01 $225,000 (12.6%) $308,312 (7.4%) 0.54 291
2023-12-01 $215,950 (12.5%) $299,671 (7.4%) 0.53 241
2024-01-01 $224,950 (19.7%) $305,878 (9.7%) 0.55 227
2024-02-01 $231,200 (26.7%) $317,788 (15.2%) 0.56 193
2024-03-01 $264,900 (34.2%) $352,988 (23.9%) 0.62 178
2024-04-01 $282,075 (22.7%) $374,651 (17.2%) 0.66 175
ERIE's median listing price for 2024-04-01 was $282,075, a difference of $52,125 (22.7%) versus the prior year and $17,175 versus the prior month.

ERIE's median listing price comes in at 66% of the national average.

ERIE's average listing price for 2024-04-01 was $374,651, a difference of $54,949 (17.2%) versus the prior year and $21,663 versus the prior month.

For the 2024-04-01 period, ERIE had 175 MLS listings, a difference of -3 listings (-2%) versus the prior month and 2 listings (1%) 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
2018-01-01 122 days 1,611 sqft
2018-02-01 121 days 1,614 sqft
2018-03-01 107 days 1,613 sqft
2018-04-01 84 days 1,628 sqft
2018-05-01 70 days 1,637 sqft
2018-06-01 61 days 1,621 sqft
2018-07-01 65 days 1,612 sqft
2018-08-01 67 days 1,581 sqft
2018-09-01 68 days 1,600 sqft
2018-10-01 77 days 1,583 sqft
2018-11-01 89 days 1,574 sqft
2018-12-01 102 days 1,560 sqft
2019-01-01 113 days 1,559 sqft
2019-02-01 116 days 1,573 sqft
2019-03-01 104 days 1,600 sqft
2019-04-01 88 days 1,628 sqft
2019-05-01 75 days 1,642 sqft
2019-06-01 72 days 1,683 sqft
2019-07-01 61 days 1,662 sqft
2019-08-01 65 days 1,632 sqft
2019-09-01 72 days 1,623 sqft
2019-10-01 78 days 1,608 sqft
2019-11-01 87 days 1,593 sqft
2019-12-01 103 days 1,568 sqft
2020-01-01 109 days 1,550 sqft
2020-02-01 110 days 1,560 sqft
2020-03-01 91 days 1,586 sqft
2020-04-01 96 days 1,600 sqft
2020-05-01 89 days 1,640 sqft
2020-06-01 66 days 1,657 sqft
2020-07-01 54 days 1,652 sqft
2020-08-01 53 days 1,668 sqft
2020-09-01 54 days 1,555 sqft
2020-10-01 55 days 1,512 sqft
2020-11-01 69 days 1,487 sqft
2020-12-01 78 days 1,472 sqft
2021-01-01 85 days 1,509 sqft
2021-02-01 77 days 1,505 sqft
2021-03-01 51 days 1,491 sqft
2021-04-01 43 days 1,499 sqft
2021-05-01 36 days 1,524 sqft
2021-06-01 32 days 1,570 sqft
2021-07-01 38 days 1,544 sqft
2021-08-01 39 days 1,515 sqft
2021-09-01 51 days 1,554 sqft
2021-10-01 55 days 1,542 sqft
2021-11-01 64 days 1,544 sqft
2021-12-01 70 days 1,561 sqft
2022-01-01 81 days 1,544 sqft
2022-02-01 84 days 1,584 sqft
2022-03-01 67 days 1,641 sqft
2022-04-01 39 days 1,648 sqft
2022-05-01 35 days 1,667 sqft
2022-06-01 34 days 1,618 sqft
2022-07-01 39 days 1,608 sqft
2022-08-01 43 days 1,591 sqft
2022-09-01 46 days 1,657 sqft
2022-10-01 54 days 1,696 sqft
2022-11-01 63 days 1,724 sqft
2022-12-01 74 days 1,696 sqft
2023-01-01 80 days 1,647 sqft
2023-02-01 85 days 1,655 sqft
2023-03-01 55 days 1,653 sqft
2023-04-01 45 days 1,667 sqft
2023-05-01 38 days 1,674 sqft
2023-06-01 40 days 1,660 sqft
2023-07-01 40 days 1,647 sqft
2023-08-01 37 days 1,657 sqft
2023-09-01 44 days 1,650 sqft
2023-10-01 43 days 1,646 sqft
2023-11-01 42 days 1,690 sqft
2023-12-01 61 days 1,649 sqft
2024-01-01 73 days 1,642 sqft
2024-02-01 73 days 1,712 sqft
2024-03-01 50 days 1,745 sqft
2024-04-01 42 days 1,728 sqft
ERIE's median listing age (time on market) for 2024-04-01 was 42 days. This is -7% shorter than the same period one year ago.

ERIE's median square footage for active listings during the 2024-04-01 period was 1,728 sqft. One year prior, the average listing was 1,667 sqft.

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 MSA $610 $630 $820 $1,020 $1,130
16403 Erie, PA MSA $610 $630 $820 $1,020 $1,130
16407 Erie, PA MSA $630 $660 $850 $1,050 $1,170
16410 Erie, PA MSA $620 $640 $830 $1,030 $1,140
16411 Erie, PA MSA $810 $840 $1,090 $1,350 $1,500
16412 Erie, PA MSA $760 $800 $1,030 $1,280 $1,420
16413 Erie, PA MSA $710 $730 $950 $1,180 $1,310
16415 Erie, PA MSA $790 $830 $1,070 $1,330 $1,470
16417 Erie, PA MSA $610 $630 $820 $1,020 $1,130
16421 Erie, PA MSA $610 $630 $820 $1,020 $1,130
16423 Erie, PA MSA $610 $630 $820 $1,020 $1,130
16426 Erie, PA MSA $740 $770 $1,000 $1,240 $1,370
16427 Erie, PA MSA $850 $880 $1,140 $1,410 $1,570
16428 Erie, PA MSA $650 $670 $870 $1,080 $1,200
16430 Erie, PA MSA $710 $730 $950 $1,180 $1,310
16434 Erie, PA MSA $710 $730 $950 $1,180 $1,310
16435 Erie, PA MSA $640 $660 $860 $1,070 $1,180
16438 Erie, PA MSA $620 $640 $830 $1,030 $1,140
16441 Erie, PA MSA $740 $770 $1,000 $1,240 $1,370
16442 Erie, PA MSA $610 $630 $820 $1,020 $1,130
16443 Erie, PA MSA $680 $710 $920 $1,140 $1,270
16444 Erie, PA MSA $710 $730 $950 $1,180 $1,310
16501 Erie, PA MSA $610 $630 $820 $1,020 $1,130
16502 Erie, PA MSA $670 $690 $900 $1,120 $1,240
16503 Erie, PA MSA $650 $670 $870 $1,080 $1,200
16504 Erie, PA MSA $760 $800 $1,030 $1,280 $1,420
16505 Erie, PA MSA $720 $750 $970 $1,200 $1,330
16506 Erie, PA MSA $850 $890 $1,150 $1,430 $1,580
16507 Erie, PA MSA $710 $730 $950 $1,180 $1,310
16508 Erie, PA MSA $670 $690 $900 $1,120 $1,240
16509 Erie, PA MSA $780 $810 $1,050 $1,300 $1,440
16510 Erie, PA MSA $770 $800 $1,040 $1,290 $1,430
16511 Erie, PA MSA $770 $800 $1,040 $1,290 $1,430
16512 Erie, PA MSA $710 $730 $950 $1,180 $1,310
16514 Erie, PA MSA $710 $730 $950 $1,180 $1,310
16515 Erie, PA MSA $710 $730 $950 $1,180 $1,310
16541 Erie, PA MSA $710 $730 $950 $1,180 $1,310
16544 Erie, PA MSA $710 $730 $950 $1,180 $1,310
16546 Erie, PA MSA $710 $730 $950 $1,180 $1,310
16550 Erie, PA MSA $710 $730 $950 $1,180 $1,310
16563 Erie, PA MSA $710 $730 $950 $1,180 $1,310
16565 Erie, PA MSA $710 $730 $950 $1,180 $1,310

2022 Average & Median Rent Data Statistics
ERIE, PA average 1BR rent: $724, median: $730
ERIE, PA average 2BR rent: $940, median: $950
ERIE, PA average 3BR rent: $1,167, median: $1,180

ERIE, PA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,053 $396,695,000 $193,227
Home Improvement 732 $46,890,000 $64,057
Other 600 $41,930,000 $69,883
Refi 551 $91,685,000 $166,397
Cash Out Refi 350 $43,620,000 $124,629

Erie's most frequently cited loan purpose was Home Purchase, with 2,053 originations. The 2nd most popular reason was Home Improvement, with 732 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,500 $244,620,000 $163,080
7-8% 989 $159,885,000 $161,663
5-6% 725 $105,475,000 $145,483
Over 8% 641 $53,775,000 $83,892
<2.5% 126 $24,480,000 $194,286
4-5% 113 $13,195,000 $116,770
3-4% 57 $3,565,000 $62,544
2.5-3% 22 $1,970,000 $89,545

During 2023, Erie's most frequently originated rate bucket was 6-7%, with 1,500 originations.

Loan Sizing (ERIE, PA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 2,004 $106,360,000 $53,074
$100k-200k 1,488 $211,250,000 $141,969
$200k-400k 658 $173,330,000 $263,419
$400k-600k 91 $43,435,000 $477,308
$600k-1000k 29 $20,125,000 $693,966
$Over $1MM 16 $66,320,000 $4,145,000

ERIE's loan sizing saw the bucket of loans from $100,000 or less with 2,004 originations, totaling $106,360,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,474 $274,130,000 $185,977
60-80% 834 $165,650,000 $198,621
20-40% 775 $60,415,000 $77,955
Under 20% 673 $23,515,000 $34,941
40-60% 393 $61,985,000 $157,723
Over 100% 20 $20,210,000 $1,010,500

ERIE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,474 originations, totaling $274,130,000 in origination value.