Meadville Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Meadville averaged 6.8% 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 6.93% and one month ago for the week of 2024-10-03, the average rate was 6.33%.

    Meadville's average rate one year ago was 7.77%.

    For refis of the same type during the week of 2024-11-07, the average rate was 6.79%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Meadville 30 Year Fixed Rate 2024-11-07 6.8%
    Meadville 30 Year Fixed Rate Refi 2024-11-07 6.79%
    Meadville 15 Year Fixed Rate 2024-11-07 6%
    Meadville 15 Year Fixed Rate Refi 2024-11-07 6%
    Meadville 30 Year FHA 2024-11-07 6.47%
    Meadville 30 Year FHA Refi 2024-11-07 6.73%
    Meadville 30 Year USDA 2024-11-07 6.58%
    Meadville 30 Year USDA Refi 2024-11-07 6.28%
    Meadville 30 Year VA 2024-11-07 6.54%
    Meadville 30 Year VA Refi 2024-11-07 6.54%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Meadville, PA.

    Meadville 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 Meadville, 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
    Marquette Savings Bank 60 6.59% $3,307
    UNITED WHOLESALE MORTGAGE, LLC 32 6.97% $7,310
    QUICKEN LOANS, LLC 28 6.93% $5,502
    Northwest Bank 22 6.69% $4,285
    First National Bank of Pennsylvania 13 6.64% $5,433
    CNB Bank 13 6.73% $4,792
    PENNYMAC LOAN SERVICES, LLC 12 6.66% $4,853
    Citizens Bank 9 6.75% $5,751
    AFFORDABLE MORTGAGE ADVISORS, LLC. 9 6.85% $4,370
    PNC Bank 8 6.91% $4,560
    MOVEMENT MORTGAGE, LLC 7 6.73% $4,411
    UNION HOME MORTGAGE CORP. 7 6.45% $6,237
    MidAtlantic Farm Credit, ACA 6 7.35% $4,713
    PENNSYLVANIA STATE EMPLOYEES Credit Union 6 5.94% $2,193
    EQUITY RESOURCES, INC. 5 6.73% $4,208
    FIRST HERITAGE FINANCIAL, LLC 5 6.94% $5,987
    Flagstar Bank, FSB 5 7.58% $6,115
    CARDINAL FINANCIAL 3 7.21% $5,819
    Ixonia Bank 3 7.46% $6,166
    NAVY FEDERAL CREDIT UNION 3 7.71% $3,214
    CHURCHILL MORTGAGE CORPORATION 2 6.56% $5,738
    AmeriServ Financial Bank 2 6.06% $3,206
    Bank of America 2 7.25% $4,930
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 8.06% $6,410
    HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.25% $9,052
    Morgan Stanley Private Bank 2 6.75% $5,247
    NEXTIER BANK, NATIONAL ASSOCIATION 2 6.63% $6,347
    The Farmers National Bank of Canfield 2 7.19% $4,408
    The Huntington National Bank 2 7.06% $3,972
    The ONE 2 6.88% $3,909
    Ally Bank 1 6.38% $7,500
    First Bank 1 6.63% $5,071
    JPMorgan Chase Bank 1 8.13% $1,319
    KeyBank 1 6.50% $5,356
    EVERENCE FEDERAL CREDIT UNION 1 8.13% $4,234
    MICHIGAN MUTUAL, INC. 1 6.75% $5,463
    ERIE FEDERAL CREDIT UNION 1 7.43% $3,433
    USAA Federal Savings Bank 1 7.75% $5,309
    Mortgage Research Center, LLC 1 7.38% $3,424
    Equity Prime Mortgage LLC 1 7.38% $4,722
    Mr. Cooper ( Nationstar Mortgage ) 1 6.50% $7,133
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.63% $4,708
    CROSSCOUNTRY MORTGAGE, LLC 1 7.50% $5,160
    NEWREZ LLC 1 7.38% $5,587
    WesBanco 1 7.63% $4,048
    Commerce Home Mortgage, Inc. 1 8.88% $8,468
    CMG MORTGAGE, INC. 1 7.25% $4,642
    Centra Credit Union 1 6.63% $3,552
    Plains Commerce Bank 1 7.13% $4,496
    PLANET HOME LENDING, LLC 1 5.75% $4,047
    PLUS RELOCATION MORTGAGE, LLC 1 7.99% $4,291
    BROKER SOLUTIONS, INC. 1 8.13% $4,024
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.75% $4,372
    AMERICAN FINANCING CORPORATION 1 6.38% $5,713
    Raymond James Bank 1 6.38% $5,255
    RBC Bank, (Georgia) 1 5.25% $3,088
    ROYAL UNITED MORTGAGE LLC 1 6.88% $10,208
    Sail Mortgage Corp. 1 7.38% $3,366
    Seven Seventeen Credit Union 1 5.38% $7,202
    T2 FINANCIAL LLC 1 6.88% $5,115
    TD Bank 1 5.25% $5,083
    WEST PENN FINANCIAL SERVICE CENTER, INC. 1 6.13% $5,147
    Widget Federal Credit Union 1 7.00% $5,416
    ZILLOW HOME LOANS, LLC 1 7.50% $4,253
    Third Federal Savings and Loan Association of Cleveland 1 7.14% $0
    THRIVE MORTGAGE, LLC 1 6.63% $4,553
    TIDEWATER MORTGAGE SERVICES, INC. 1 5.88% $4,214
    AMERICAN FEDERAL MORTGAGE CORPORATION 1 6.38% $3,132
    FIRST COMMUNITY MORTGAGE, INC. 1 6.62% $5,125
    Fulton Bank 1 5.75% $5,153
    Gateway First Bank 1 6.88% $4,753
    GUARANTEED RATE, INC. 1 6.99% $5,444
    GUARANTY HOME MORTGAGE CORPORATION 1 6.38% $8,165
    HOMESTEAD FUNDING CORP. 1 6.13% $4,275

    Meadville Average Closing Costs & Other Stats

    Meadville, PA's 74 lenders originated 1,331 loans during 2023. The total origination value was $159,745,000, with an average loan value of $120,019.

    Meadville's average closing costs are $4,780.

    The top Meadville lender as defined by loan originations is Marquette Savings Bank, with 60 loans originated. Their average total fees are $3,307, which is $4,003 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Meadville lenders (with over 10 loans originated) are Marquette Savings Bank ($3,307), Northwest Bank ($4,285), CNB Bank ($4,792), PENNYMAC LOAN SERVICES, LLC ($4,853) and First National Bank of Pennsylvania ($5,433).

    The lowest rate Meadville lenders (with over 10 loans originated) are Marquette Savings Bank (6.59%), First National Bank of Pennsylvania (6.64%), PENNYMAC LOAN SERVICES, LLC (6.66%), Northwest Bank (6.69%) and CNB Bank (6.73%).

    Meadville, 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 $25,065,000 $23,730,000 -5.3% 14.9%
    Northwest Bank $16,900,000 $10,885,000 -35.6% 6.8%
    Mercer County State Bank $6,115,000 $10,815,000 76.9% 6.8%
    PNC Bank $14,470,000 $10,130,000 -30.0% 6.3%
    First National Bank of Pennsylvania $12,480,000 $10,095,000 -19.1% 6.3%
    QUICKEN LOANS, LLC $16,045,000 $8,960,000 -44.2% 5.6%
    CNB Bank $22,105,000 $8,725,000 -60.5% 5.5%
    Greenville Savings Bank $7,860,000 $7,820,000 -0.5% 4.9%
    UNITED WHOLESALE MORTGAGE, LLC $4,425,000 $6,565,000 48.4% 4.1%
    The ONE $3,885,000 $5,300,000 36.4% 3.3%
    Citizens Bank $5,455,000 $3,915,000 -28.2% 2.5%
    UNION HOME MORTGAGE CORP. $4,950,000 $2,955,000 -40.3% 1.8%
    Mortgage Research Center, LLC $5,870,000 $2,560,000 -56.4% 1.6%
    Flagstar Bank, FSB $2,045,000 $2,355,000 15.2% 1.5%
    MidAtlantic Farm Credit, ACA $645,000 $2,185,000 238.8% 1.4%
    PENNSYLVANIA STATE EMPLOYEES Credit Union $3,510,000 $1,985,000 -43.4% 1.2%
    NAVY FEDERAL CREDIT UNION $1,130,000 $1,865,000 65.0% 1.2%
    Ixonia Bank $135,000 $1,620,000 1,100.0% 1.0%
    PENNYMAC LOAN SERVICES, LLC $1,775,000 $1,575,000 -11.3% 1.0%
    MOVEMENT MORTGAGE, LLC $3,115,000 $1,570,000 -49.6% 1.0%
    AFFORDABLE MORTGAGE ADVISORS, LLC. $2,325,000 $1,405,000 -39.6% 0.9%
    The Andover Bank $3,925,000 $1,365,000 -65.2% 0.9%
    CARDINAL FINANCIAL $1,425,000 $1,295,000 -9.1% 0.8%
    BROKER SOLUTIONS, INC. $420,000 $1,215,000 189.3% 0.8%
    Cattaraugus County Bank $1,155,000 n/a 0.7%
    EQUITY RESOURCES, INC. $1,415,000 $1,110,000 -21.6% 0.7%
    CORRY FEDERAL CREDIT UNION $815,000 $1,070,000 31.3% 0.7%
    HOWARD HANNA FINANCIAL SERVICES, INC. $1,000,000 $1,010,000 1.0% 0.6%
    FIRST HERITAGE FINANCIAL, LLC $105,000 $995,000 847.6% 0.6%
    GUARANTEED RATE, INC. $1,540,000 $890,000 -42.2% 0.6%
    ERIE FEDERAL CREDIT UNION $1,890,000 $855,000 -54.8% 0.5%
    PLANET HOME LENDING, LLC $715,000 n/a 0.4%
    The Huntington National Bank $1,215,000 $690,000 -43.2% 0.4%
    Morgan Stanley Private Bank $680,000 n/a 0.4%
    AMERICAN FINANCIAL RESOURCES, INC. $335,000 $640,000 91.0% 0.4%
    The Farmers National Bank of Canfield $175,000 $615,000 251.4% 0.4%
    SOUTHPOINT FINANCIAL SERVICES, INC. $505,000 $600,000 18.8% 0.4%
    TIDEWATER MORTGAGE SERVICES, INC. $115,000 $570,000 395.7% 0.4%
    Equity Prime Mortgage LLC $385,000 $550,000 42.9% 0.3%
    Raymond James Bank $535,000 n/a 0.3%
    CHURCHILL MORTGAGE CORPORATION $105,000 $460,000 338.1% 0.3%
    Plains Commerce Bank $460,000 n/a 0.3%
    NEXTIER BANK, NATIONAL ASSOCIATION $265,000 $430,000 62.3% 0.3%
    NEWREZ LLC $285,000 $425,000 49.1% 0.3%
    Carrington Mortgage Services, LLC $340,000 $400,000 17.6% 0.3%
    DRAPER AND KRAMER MORTGAGE CORP. $395,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $820,000 $385,000 -53.0% 0.2%
    JPMorgan Chase Bank $360,000 $360,000 0.0% 0.2%
    AmeriServ Financial Bank $75,000 $345,000 360.0% 0.2%
    Bank of America $940,000 $345,000 -63.3% 0.2%
    Widget Federal Credit Union $225,000 $340,000 51.1% 0.2%
    KeyBank $795,000 $325,000 -59.1% 0.2%
    AMERISAVE MORTGAGE CORPORATION $485,000 $320,000 -34.0% 0.2%
    Victorian Finance, LLC $315,000 n/a 0.2%
    Fulton Bank $295,000 n/a 0.2%
    EVERENCE FEDERAL CREDIT UNION $290,000 n/a 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $445,000 $290,000 -34.8% 0.2%
    TD Bank $265,000 n/a 0.2%
    First Bank $255,000 n/a 0.2%
    Bank of England $330,000 $250,000 -24.2% 0.2%
    LOANDEPOT.COM, LLC $725,000 $250,000 -65.5% 0.2%
    PLAZA HOME MORTGAGE, INC. $1,020,000 $250,000 -75.5% 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $385,000 $245,000 -36.4% 0.2%
    NEW DAY FINANCIAL, LLC $260,000 $235,000 -9.6% 0.1%
    Ally Bank $225,000 n/a 0.1%
    PLUS RELOCATION MORTGAGE, LLC $215,000 n/a 0.1%
    T2 FINANCIAL LLC $215,000 n/a 0.1%
    The Federal Savings Bank $215,000 n/a 0.1%
    Third Federal Savings and Loan Association of Cleveland $215,000 n/a 0.1%
    Gateway First Bank $115,000 $210,000 82.6% 0.1%
    Paramount Residential Mortgage Group, Inc. $85,000 $210,000 147.1% 0.1%
    Community Bank $205,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $205,000 n/a 0.1%
    JLB CORPORATION $295,000 $205,000 -30.5% 0.1%
    ROYAL UNITED MORTGAGE LLC $490,000 $200,000 -59.2% 0.1%
    CMG MORTGAGE, INC. $195,000 $185,000 -5.1% 0.1%
    GUARANTY HOME MORTGAGE CORPORATION $1,395,000 $185,000 -86.7% 0.1%
    GUILD MORTGAGE COMPANY $95,000 $185,000 94.7% 0.1%
    RBC Bank, (Georgia) $155,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $170,000 $150,000 -11.8% 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $145,000 n/a 0.1%
    Commerce Home Mortgage, Inc. $145,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $485,000 $145,000 -70.1% 0.1%
    Stifel Bank and Trust $145,000 n/a 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $135,000 n/a 0.1%
    Seven Seventeen Credit Union $135,000 $135,000 0.0% 0.1%
    Unified Bank $135,000 n/a 0.1%
    USAA Federal Savings Bank $1,185,000 $135,000 -88.6% 0.1%
    WEST PENN FINANCIAL SERVICE CENTER, INC. $530,000 $135,000 -74.5% 0.1%
    First Commonwealth Bank $1,600,000 $130,000 -91.9% 0.1%
    Centra Credit Union $125,000 n/a 0.1%
    Dollar Bank, Federal Savings Bank $205,000 $125,000 -39.0% 0.1%
    TOP FLITE FINANCIAL, INC. $125,000 n/a 0.1%
    Coastal Community Bank $120,000 n/a 0.1%
    UTILITIES EMPLOYEES CREDIT UNION $285,000 $120,000 -57.9% 0.1%
    HOMESTEAD FUNDING CORP. $115,000 n/a 0.1%
    Mid-Continent Funding, Inc. $115,000 n/a 0.1%
    Nations Lending Corporation $115,000 n/a 0.1%
    THRIVE MORTGAGE, LLC $115,000 n/a 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $105,000 n/a 0.1%
    Orrstown Bank $105,000 n/a 0.1%
    WesBanco $150,000 $100,000 -33.3% 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $35,000 $95,000 171.4% 0.1%
    Discover Bank $130,000 $95,000 -26.9% 0.1%
    Mars Bank $245,000 $85,000 -65.3% 0.1%
    MICHIGAN MUTUAL, INC. $85,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $85,000 n/a 0.1%
    AMERICAN FEDERAL MORTGAGE CORPORATION $75,000 n/a 0.0%
    Centier Bank $75,000 n/a 0.0%
    Figure Lending LLC $185,000 $75,000 -59.5% 0.0%
    ZILLOW HOME LOANS, LLC $75,000 n/a 0.0%
    LOANPAL, LLC $65,000 n/a 0.0%
    NATIONWIDE MORTGAGE BANKERS, INC. $65,000 n/a 0.0%
    Signature Federal Credit Union $65,000 n/a 0.0%
    AMERICAN FINANCING CORPORATION $480,000 $55,000 -88.5% 0.0%
    BELCO COMMUNITY CREDIT UNION $55,000 n/a 0.0%
    Clearview Federal Credit Union $285,000 $55,000 -80.7% 0.0%
    Sail Mortgage Corp. $95,000 $55,000 -42.1% 0.0%
    S&T Bank $430,000 $55,000 -87.2% 0.0%
    Brentwood Bank $5,505,000 $45,000 -99.2% 0.0%
    Connexus Credit Union $45,000 n/a 0.0%
    DIGITAL Federal Credit Union $45,000 n/a 0.0%
    FREEDOM MORTGAGE CORPORATION $465,000 $45,000 -90.3% 0.0%
    NASA Federal Credit Union $45,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $35,000 n/a 0.0%
    MEMBERS 1ST FEDERAL CREDIT UNION $65,000 $35,000 -46.2% 0.0%
    TRIAD FINANCIAL SERVICES, INC. $260,000 $35,000 -86.5% 0.0%
    U.S. Bank $25,000 n/a 0.0%

    Meadville's top lender by overall market share is Marquette Savings Bank, with 14.9% market share. In second place, with 6.8%, is Northwest Bank, having originated $10,885,000 in loans. In third place, with 6.8%, is Mercer County State Bank, having originated $10,815,000 in loans. In fourth place, with 6.3%, is PNC Bank, having originated $10,130,000 in loans. In fifth place, with 6.3%, is First National Bank of Pennsylvania, having originated $10,095,000 in loans.

    Meadville, PA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 600 $97,240,000 $162,067
    Home Improvement 235 $15,755,000 $67,043
    Other 205 $14,695,000 $71,683
    Refi 172 $19,680,000 $114,419
    Cash Out Refi 119 $12,375,000 $103,992

    Meadville's most frequently cited loan purpose was Home Purchase, with 600 originations. The 2nd most popular reason was Home Improvement, with 235 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 436 $58,390,000 $133,922
    7-8% 265 $31,555,000 $119,075
    Over 8% 191 $14,165,000 $74,162
    5-6% 190 $25,850,000 $136,053
    <2.5% 50 $2,820,000 $56,400
    4-5% 32 $2,950,000 $92,188
    3-4% 24 $1,570,000 $65,417
    2.5-3% 12 $900,000 $75,000

    During 2023, Meadville's most frequently originated rate bucket was 6-7%, with 436 originations.

    Loan Sizing (Meadville, PA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 689 $37,485,000 $54,405
    $100k-200k 471 $64,925,000 $137,845
    $200k-400k 152 $38,630,000 $254,145
    $400k-600k 12 $5,460,000 $455,000
    $600k-1000k 4 $3,200,000 $800,000
    $Over $1MM 3 $10,045,000 $3,348,333

    Meadville's loan sizing saw the bucket of loans from $100,000 or less with 689 originations, totaling $37,485,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 435 $67,045,000 $154,126
    60-80% 232 $31,610,000 $136,250
    20-40% 231 $15,155,000 $65,606
    40-60% 138 $17,760,000 $128,696
    Under 20% 124 $4,290,000 $34,597
    Over 100% 7 $1,585,000 $226,429

    Meadville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 435 originations, totaling $67,045,000 in origination value.