Lock Haven Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Lock Haven averaged
6.74%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.77% and
one month ago for the week of 2024-10-03, the
average rate was 6.37%.
Lock Haven's average rate one year ago was 7.71%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.69%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Lock Haven 30 Year Fixed Rate | 2024-11-07 | 6.74% |
| Lock Haven 30 Year Fixed Rate Refi | 2024-11-07 | 6.69% |
| Lock Haven 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Lock Haven 15 Year Fixed Rate Refi | 2024-11-07 | 6.1% |
| Lock Haven 30 Year FHA | 2024-11-07 | 6.53% |
| Lock Haven 30 Year FHA Refi | 2024-11-07 | 6.53% |
| Lock Haven 30 Year USDA | 2024-11-07 | 6.28% |
| Lock Haven 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Lock Haven 30 Year VA | 2024-11-07 | 6.24% |
| Lock Haven 30 Year VA Refi | 2024-11-07 | 6.54% |
Lock Haven 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 Lock Haven, 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.).
Lock Haven Average Closing Costs & Other Stats
Lock Haven, PA's 44 lenders originated 751
loans during 2023. The total origination value was $93,215,000, with an average loan value of
$124,121.
Lock Haven's average closing costs are $5,151.
The top Lock Haven lender as defined by loan originations is QUICKEN LOANS, LLC, with
12 loans originated. Their average total fees are
$5,373, which is $3,037
higher than the next largest lender,
The Muncy Bank and Trust Company.
The lowest fee Lock Haven lenders (with over 10 loans originated) are
The Muncy Bank and Trust Company ($2,336), QUICKEN LOANS, LLC ($5,373), PRIMELENDING, A PLAINSCAPITAL COMPANY ($5,463), .
The lowest rate Lock Haven lenders (with over 10 loans originated) are
PRIMELENDING, A PLAINSCAPITAL COMPANY (6.82%), QUICKEN LOANS, LLC (7.36%), The Muncy Bank and Trust Company (7.54%), .
Lock Haven, 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 |
|---|---|---|---|---|
| Jersey Shore State Bank | $28,735,000 | $19,935,000 | -30.6% | 21.4% |
| The Muncy Bank and Trust Company | $19,390,000 | $8,640,000 | -55.4% | 9.3% |
| Century Mortgage Company DBA Century Lending Company | $7,730,000 | $6,095,000 | -21.2% | 6.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $4,640,000 | $5,110,000 | 10.1% | 5.5% |
| PENNSYLVANIA STATE EMPLOYEES Credit Union | $5,030,000 | $4,890,000 | -2.8% | 5.2% |
| QUICKEN LOANS, LLC | $5,275,000 | $3,585,000 | -32.0% | 3.8% |
| Northwest Bank | $3,935,000 | $2,760,000 | -29.9% | 3.0% |
| MidAtlantic Farm Credit, ACA | $1,145,000 | $2,500,000 | 118.3% | 2.7% |
| HORIZON Federal Credit Union | $4,360,000 | $2,295,000 | -47.4% | 2.5% |
| Woodlands Bank | $4,465,000 | $2,220,000 | -50.3% | 2.4% |
| Mortgage Research Center, LLC | $3,745,000 | $2,200,000 | -41.3% | 2.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $655,000 | $2,185,000 | 233.6% | 2.3% |
| First Commonwealth Bank | $7,140,000 | $2,170,000 | -69.6% | 2.3% |
| First Columbia Bank & Trust Co. | $345,000 | $1,760,000 | 410.1% | 1.9% |
| First National Bank of Pennsylvania | $7,360,000 | $1,665,000 | -77.4% | 1.8% |
| GUILD MORTGAGE COMPANY | $865,000 | $1,465,000 | 69.4% | 1.6% |
| NEWREZ LLC | $770,000 | $1,280,000 | 66.2% | 1.4% |
| M&T Bank | $1,860,000 | $1,155,000 | -37.9% | 1.2% |
| Citizens Bank | $1,425,000 | $965,000 | -32.3% | 1.0% |
| First Citizens Community Bank | $250,000 | $965,000 | 286.0% | 1.0% |
| Mifflinburg Bank and Trust Company | $815,000 | $840,000 | 3.1% | 0.9% |
| LOANDEPOT.COM, LLC | $1,000,000 | $755,000 | -24.5% | 0.8% |
| NBKC BANK | $305,000 | $715,000 | 134.4% | 0.8% |
| JPMorgan Chase Bank | $705,000 | n/a | 0.8% | |
| Flagstar Bank, FSB | $390,000 | $635,000 | 62.8% | 0.7% |
| Mid Penn Bank | $290,000 | $620,000 | 113.8% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $115,000 | $570,000 | 395.7% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $665,000 | $560,000 | -15.8% | 0.6% |
| ALLIED MORTGAGE GROUP, INC. | $430,000 | $540,000 | 25.6% | 0.6% |
| CORNING | $530,000 | n/a | 0.6% | |
| Mr. Cooper ( Nationstar Mortgage ) | $965,000 | $515,000 | -46.6% | 0.6% |
| USAA Federal Savings Bank | $515,000 | $500,000 | -2.9% | 0.5% |
| Keystone Funding, Inc. | $485,000 | n/a | 0.5% | |
| Carrington Mortgage Services, LLC | $625,000 | $475,000 | -24.0% | 0.5% |
| EMM LOANS LLC | $450,000 | n/a | 0.5% | |
| Prosperity Home Mortgage, LLC | $335,000 | $450,000 | 34.3% | 0.5% |
| Blue Ridge Bank | $575,000 | $425,000 | -26.1% | 0.5% |
| Plains Commerce Bank | $410,000 | n/a | 0.4% | |
| Titan FCU | $405,000 | n/a | 0.4% | |
| U.S. Bank | $685,000 | $405,000 | -40.9% | 0.4% |
| AMERICAN HERITAGE LENDING, INC. | $395,000 | n/a | 0.4% | |
| FREEDOM MORTGAGE CORPORATION | $1,665,000 | $390,000 | -76.6% | 0.4% |
| The Juniata Valley Bank | $385,000 | n/a | 0.4% | |
| ACADEMY MORTGAGE CORPORATION | $375,000 | n/a | 0.4% | |
| The Huntington National Bank | $265,000 | $360,000 | 35.8% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $260,000 | $340,000 | 30.8% | 0.4% |
| MYCUMORTGAGE, LLC | $600,000 | $300,000 | -50.0% | 0.3% |
| ROYAL UNITED MORTGAGE LLC | $345,000 | $295,000 | -14.5% | 0.3% |
| Gateway First Bank | $265,000 | n/a | 0.3% | |
| UNION HOME MORTGAGE CORP. | $265,000 | n/a | 0.3% | |
| ZILLOW HOME LOANS, LLC | $145,000 | $245,000 | 69.0% | 0.3% |
| Wells Fargo Bank | $915,000 | $230,000 | -74.9% | 0.2% |
| NATIONS DIRECT MORTGAGE, LLC | $220,000 | n/a | 0.2% | |
| EVERENCE FEDERAL CREDIT UNION | $210,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $205,000 | n/a | 0.2% | |
| Citizens & Northern Bank | $245,000 | $205,000 | -16.3% | 0.2% |
| MICHIGAN MUTUAL, INC. | $145,000 | $205,000 | 41.4% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $195,000 | n/a | 0.2% | |
| Susquehanna Community Bank | $185,000 | $195,000 | 5.4% | 0.2% |
| NFM, INC. | $180,000 | n/a | 0.2% | |
| HOMESIDE FINANCIAL, LLC | $295,000 | $175,000 | -40.7% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $205,000 | $175,000 | -14.6% | 0.2% |
| The Ephrata National Bank | $435,000 | $165,000 | -62.1% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $155,000 | n/a | 0.2% | |
| BROKER SOLUTIONS, INC. | $460,000 | $155,000 | -66.3% | 0.2% |
| JLB CORPORATION | $155,000 | n/a | 0.2% | |
| Univest Bank and Trust Co. | $155,000 | n/a | 0.2% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $145,000 | n/a | 0.2% | |
| Kish Bank | $1,515,000 | $135,000 | -91.1% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $135,000 | $135,000 | 0.0% | 0.1% |
| SERVICE 1ST | $125,000 | n/a | 0.1% | |
| Fifth Third Bank | $95,000 | $115,000 | 21.1% | 0.1% |
| The Bank of Landisburg | $115,000 | n/a | 0.1% | |
| UTILITIES EMPLOYEES CREDIT UNION | $155,000 | $110,000 | -29.0% | 0.1% |
| CNB Bank | $215,000 | $105,000 | -51.2% | 0.1% |
| Equity Prime Mortgage LLC | $490,000 | $105,000 | -78.6% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $785,000 | $105,000 | -86.6% | 0.1% |
| Discover Bank | $55,000 | $85,000 | 54.5% | 0.1% |
| Truist | $635,000 | $85,000 | -86.6% | 0.1% |
| ARC HOME LLC | $65,000 | n/a | 0.1% | |
| Bank of America | $65,000 | n/a | 0.1% | |
| Fulton Bank | $55,000 | n/a | 0.1% | |
| Members Choice Financial Credit Union | $55,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $45,000 | n/a | 0.0% | |
| PALCO FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
| APCI Federal Credit Union | $175,000 | $35,000 | -80.0% | 0.0% |
| Figure Lending LLC | $35,000 | n/a | 0.0% | |
| Coastal Community Bank | $25,000 | n/a | 0.0% |
Lock Haven's top lender by overall market share is Jersey Shore State Bank, with 21.4% market share. In second place, with 9.3%, is The Muncy Bank and Trust Company, having originated $8,640,000 in loans. In third place, with 6.5%, is Century Mortgage Company DBA Century Lending Company, having originated $6,095,000 in loans. In fourth place, with 5.5%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $5,110,000 in loans. In fifth place, with 5.2%, is PENNSYLVANIA STATE EMPLOYEES Credit Union, having originated $4,890,000 in loans.
Lock Haven, PA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 345 | $62,075,000 | $179,928 |
| Refi | 136 | $12,120,000 | $89,118 |
| Home Improvement | 125 | $6,845,000 | $54,760 |
| Other | 95 | $5,485,000 | $57,737 |
| Cash Out Refi | 50 | $6,690,000 | $133,800 |
Lock Haven's most frequently cited loan purpose was Home Purchase, with 345 originations. The 2nd most popular reason was Refi, with 136 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 294 | $39,690,000 | $135,000 |
| 7-8% | 144 | $23,790,000 | $165,208 |
| 5-6% | 124 | $14,750,000 | $118,952 |
| Over 8% | 85 | $6,725,000 | $79,118 |
| 4-5% | 49 | $3,255,000 | $66,429 |
| <2.5% | 20 | $330,000 | $16,500 |
| 3-4% | 10 | $690,000 | $69,000 |
| 2.5-3% | 2 | $140,000 | $70,000 |
During 2023, Lock Haven's most frequently originated rate bucket was 6-7%, with 294 originations.
Loan Sizing (Lock Haven, PA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 385 | $18,455,000 | $47,935 |
| $100k-200k | 231 | $33,665,000 | $145,736 |
| $200k-400k | 116 | $30,580,000 | $263,621 |
| $400k-600k | 15 | $6,905,000 | $460,333 |
| $600k-1000k | 3 | $2,285,000 | $761,667 |
| $Over $1MM | 1 | $1,325,000 | $1,325,000 |
Lock Haven's loan sizing saw the bucket of loans from $100,000 or less with 385 originations, totaling $18,455,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 220 | $43,600,000 | $198,182 |
| Under 20% | 171 | $4,905,000 | $28,684 |
| 60-80% | 126 | $19,760,000 | $156,825 |
| 20-40% | 118 | $8,900,000 | $75,424 |
| 40-60% | 84 | $10,360,000 | $123,333 |
| Over 100% | 8 | $1,780,000 | $222,500 |
Lock Haven's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 220 originations, totaling $43,600,000 in origination value.