New Castle Mortgage Rates

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

30 Year Fixed Rate mortgages in New Castle averaged 6.19% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 6.16% and one month ago for the week of 2022-05-19, the average rate was 5.23%.

New Castle's average rate one year ago was 3.16%.

For refis of the same type during the week of 2022-06-23, the average rate was 5.71%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
New Castle 30 Year Fixed Rate 2022-06-23 6.19%
New Castle 30 Year Fixed Rate Refi 2022-06-23 5.71%
New Castle 15 Year Fixed Rate 2022-06-23 5.38%
New Castle 15 Year Fixed Rate Refi 2022-06-23 5.6%
New Castle 30 Year FHA 2022-06-23 0.19%
New Castle 30 Year FHA Refi 2022-06-23 0.27%
New Castle 30 Year USDA 2022-06-23 0.13%
New Castle 30 Year USDA Refi 2022-06-23 -0.16%
New Castle 30 Year VA 2022-06-23 0.28%
New Castle 30 Year VA Refi 2022-06-23 -0.33%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within New Castle, PA.

New Castle 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 New Castle, 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
QUICKEN LOANS, LLC 77 3.15% $5,151
Citizens Bank 64 3.02% $5,635
HOWARD HANNA FINANCIAL SERVICES, INC. 62 2.89% $4,027
The Huntington National Bank 58 3.20% $4,963
First National Bank of Pennsylvania 34 2.94% $4,355
UNITED WHOLESALE MORTGAGE, LLC 21 3.01% $6,024
WEST PENN FINANCIAL SERVICE CENTER, INC. 20 2.86% $4,050
Union Savings Bank 18 2.96% $2,649
PNC Bank 17 3.16% $4,122
WesBanco Bank, Inc. 17 3.07% $4,647
JLB CORPORATION 17 3.39% $4,845
EQUITY RESOURCES, INC. 17 3.29% $3,780
Wells Fargo Bank 15 3.21% $2,784
UNION HOME MORTGAGE CORP. 15 3.13% $5,380
ALLIED MORTGAGE GROUP, INC. 13 3.31% $4,500
First Commonwealth Bank 13 3.34% $3,512
AFFORDABLE MORTGAGE ADVISORS, LLC. 12 3.18% $4,038
Flagstar Bank, FSB 12 3.04% $4,749
Northwest Bank 11 3.06% $4,019
MOVEMENT MORTGAGE, LLC 10 3.35% $3,736
LOANDEPOT.COM, LLC 10 3.21% $4,262
PLAZA HOME MORTGAGE, INC. 10 3.17% $4,536
Nations Lending Corporation 7 3.20% $3,004
Mr. Cooper ( Nationstar Mortgage ) 6 3.47% $6,341
GUARANTEED RATE AFFINITY, LLC 6 3.08% $4,775
EVANSVILLE TEACHERS 5 3.23% $3,549
Sail Mortgage Corp. 5 2.73% $3,838
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.02% $7,764
U.S. Bank 5 3.17% $3,570
JPMorgan Chase Bank 4 3.09% $4,876
PENNYMAC LOAN SERVICES, LLC 4 3.41% $4,289
Dollar Bank, Federal Savings Bank 4 3.09% $5,507
DEVELOPER'S MORTGAGE COMPANY 4 3.41% $2,762
PROVIDENT FUNDING ASSOCIATES, L.P. 4 2.75% $3,405
Waterstone Mortgage Corporation 4 3.25% $5,388
OWNERSCHOICE FUNDING, INCORPORATED 4 3.25% $3,217
EMM LOANS LLC 3 2.87% $4,731
AMERICAN FINANCING CORPORATION 3 3.13% $4,292
AMERISAVE MORTGAGE CORPORATION 3 2.83% $6,669
BETTER MORTGAGE CORPORATION 3 2.88% $3,975
BROKER SOLUTIONS, INC. 3 3.04% $6,864
NEXTIER BANK, NATIONAL ASSOCIATION 3 4.04% $7,445
PENNSYLVANIA STATE EMPLOYEES Credit Union 3 3.17% $2,241
ROYAL UNITED MORTGAGE LLC 3 3.54% $8,123
State Financial Network, LLC 3 3.21% $3,000
TOWNE MORTGAGE COMPANY 3 2.88% $6,101
Victorian Finance, LLC 3 3.00% $3,760
FINANCE OF AMERICA MORTGAGE LLC 2 3.13% $3,968
NEWREZ LLC 2 2.93% $3,029
CALIBER HOME LOANS, INC. 2 3.19% $4,808
RELIANCE FIRST CAPITAL, LLC 2 3.18% $4,721
Ally Bank 2 2.94% $6,291
RESIDENTIAL MORTGAGE SERVICES, INC. 2 2.81% $4,012
CROSSCOUNTRY MORTGAGE, LLC 2 3.49% $6,838
WELCOME HOME FINANCE, L.P. 2 2.93% $2,136
GUARANTEED RATE, INC. 2 3.50% $5,292
HOME POINT FINANCIAL CORPORATION 2 2.63% $3,074
HOMESIDE FINANCIAL, LLC 2 3.31% $6,986
The Farmers National Bank of Canfield 2 3.06% $4,198
Carrington Mortgage Services, LLC 2 3.13% $4,765
Gateway First Bank 2 3.13% $3,184
Fifth Third Bank 1 3.13% $3,831
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.88% $5,668
Patriot Lending Services, Inc. 1 2.75% $7,288
AmeriServ Financial Bank 1 3.00% $3,261
ERIE FEDERAL CREDIT UNION 1 3.03% $4,358
PHH Mortgage Corporation 1 3.25% $4,277
PLANET HOME LENDING, LLC 1 3.50% $4,773
Discover Bank 1 4.25% $0
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.13% $5,584
CORNING 1 3.13% $2,816
Connexus Credit Union 1 3.38% $2,708
AmeriHome Mortgage Company, LLC 1 3.25% $3,765
RUOFF MORTGAGE COMPANY, INC. 1 2.75% $4,124
CELEBRITY HOME LOANS, LLC 1 3.75% $2,783
Service Federal Credit Union 1 3.25% $4,204
FREEDOM MORTGAGE CORPORATION 1 2.75% $2,679
STEARNS LENDING, LLC 1 2.88% $5,586
Strong Home Mortgage, LLC 1 3.75% $3,874
TD Bank 1 3.25% $4,179
TIDEWATER MORTGAGE SERVICES, INC. 1 3.38% $5,098
Wyndham Capital Mortgage, Inc. 1 3.25% $2,961
Bank of England 1 3.25% $4,589
Bank of America 1 3.13% $3,329
ARMCO CREDIT UNION 1 2.88% $2,482
ZILLOW HOME LOANS, LLC 1 2.25% $9,090
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 4.13% $10,539
GSF Mortgage Corporation 1 3.25% $4,453
INTERNATIONAL CITY MORTGAGE, INC. 1 3.38% $4,194
Seven Seventeen Credit Union 1 3.38% $2,980
KeyBank 1 2.63% $4,357
Kish Bank 1 3.13% $5,377
LEADERONE FINANCIAL CORPORATION 1 3.13% $4,791
LENDERFI, INC. 1 2.99% $1,178
First Guaranty Mortgage Corporation 1 3.63% $4,905
LOANPAL, LLC 1 2.99% $7,971
Merchants Bank of Indiana 1 2.88% $3,258
MILEND, INC. 1 3.25% $7,465
First Federal Bank of the Midwest 1 3.50% $4,245
First Federal Bank 1 3.38% $2,708
NASA Federal Credit Union 1 2.88% $4,612
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.38% $3,660
NAVY FEDERAL CREDIT UNION 1 3.13% $4,187

New Castle, PA's 103 lenders originated 2,724 loans during 2021. The total origination value was $383,850,000, with an average loan value of $140,914.

The top New Castle lender as defined by loan originations is QUICKEN LOANS, LLC, with 77 loans originated. Their average total fees are $5,151, which is $484 lower than the next largest lender, Citizens Bank.

The lowest fee New Castle lenders (with over 10 loans originated) are Union Savings Bank ($2,649), Wells Fargo Bank ($2,784), First Commonwealth Bank ($3,512), MOVEMENT MORTGAGE, LLC ($3,736) and EQUITY RESOURCES, INC. ($3,780).

The lowest rate New Castle lenders (with over 10 loans originated) are WEST PENN FINANCIAL SERVICE CENTER, INC. (2.86%), HOWARD HANNA FINANCIAL SERVICES, INC. (2.89%), First National Bank of Pennsylvania (2.94%), Union Savings Bank (2.96%) and UNITED WHOLESALE MORTGAGE, LLC (3.01%).

New Castle, 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
The Huntington National Bank $31,255,000 $40,275,000 28.9% 10.5%
QUICKEN LOANS, LLC $23,845,000 $33,245,000 39.4% 8.7%
First National Bank of Pennsylvania $28,985,000 $30,405,000 4.9% 7.9%
Citizens Bank $9,315,000 $21,840,000 134.5% 5.7%
First Commonwealth Bank $19,235,000 $19,750,000 2.7% 5.1%
HOWARD HANNA FINANCIAL SERVICES, INC. $17,275,000 $15,540,000 -10.0% 4.0%
WesBanco Bank, Inc. $9,340,000 $12,160,000 30.2% 3.2%
PNC Bank $12,035,000 $11,305,000 -6.1% 2.9%
Union Savings Bank $7,125,000 $10,370,000 45.5% 2.7%
CBRE MULTIFAMILY CAPITAL, INC. $10,045,000 n/a 2.6%
UNITED WHOLESALE MORTGAGE, LLC $3,545,000 $7,710,000 117.5% 2.0%
WEST PENN FINANCIAL SERVICE CENTER, INC. $4,050,000 $6,810,000 68.1% 1.8%
Mortgage Research Center, LLC $3,480,000 $6,000,000 72.4% 1.6%
FREEDOM MORTGAGE CORPORATION $5,905,000 $5,950,000 0.8% 1.6%
UNION HOME MORTGAGE CORP. $2,280,000 $5,635,000 147.1% 1.5%
Northwest Bank $4,630,000 $4,900,000 5.8% 1.3%
Wells Fargo Bank $3,670,000 $4,890,000 33.2% 1.3%
First Federal Bank of the Midwest $4,690,000 $4,835,000 3.1% 1.3%
AFFORDABLE MORTGAGE ADVISORS, LLC. $4,195,000 $4,600,000 9.7% 1.2%
ALLIED MORTGAGE GROUP, INC. $3,075,000 $4,475,000 45.5% 1.2%
JLB CORPORATION $2,150,000 $4,315,000 100.7% 1.1%
Greenville Savings Bank $4,090,000 $4,215,000 3.1% 1.1%
PENNYMAC LOAN SERVICES, LLC $630,000 $3,995,000 534.1% 1.0%
EQUITY RESOURCES, INC. $7,530,000 $3,875,000 -48.5% 1.0%
Flagstar Bank, FSB $2,520,000 $3,725,000 47.8% 1.0%
LOANDEPOT.COM, LLC $2,520,000 $3,645,000 44.6% 0.9%
Mr. Cooper ( Nationstar Mortgage ) $2,635,000 $3,530,000 34.0% 0.9%
Dollar Bank, Federal Savings Bank $2,425,000 $3,465,000 42.9% 0.9%
PLAZA HOME MORTGAGE, INC. $4,460,000 $3,400,000 -23.8% 0.9%
NEWREZ LLC $1,910,000 $3,045,000 59.4% 0.8%
S&T Bank $815,000 $2,985,000 266.3% 0.8%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $515,000 $2,875,000 458.3% 0.7%
Nations Lending Corporation $340,000 $2,230,000 555.9% 0.6%
GUARANTEED RATE AFFINITY, LLC $1,145,000 $2,055,000 79.5% 0.5%
U.S. Bank $1,765,000 $1,940,000 9.9% 0.5%
NAVY FEDERAL CREDIT UNION $1,520,000 $1,815,000 19.4% 0.5%
AMERISAVE MORTGAGE CORPORATION $2,125,000 $1,770,000 -16.7% 0.5%
BROKER SOLUTIONS, INC. $360,000 $1,770,000 391.7% 0.5%
CFSBANK $1,710,000 n/a 0.4%
MOVEMENT MORTGAGE, LLC $355,000 $1,690,000 376.1% 0.4%
HOME POINT FINANCIAL CORPORATION $405,000 $1,610,000 297.5% 0.4%
Waterstone Mortgage Corporation $500,000 $1,475,000 195.0% 0.4%
CALIBER HOME LOANS, INC. $890,000 $1,460,000 64.0% 0.4%
EMM LOANS LLC $1,340,000 $1,445,000 7.8% 0.4%
Victorian Finance, LLC $1,760,000 $1,435,000 -18.5% 0.4%
Mercer County State Bank $260,000 $1,430,000 450.0% 0.4%
PENNSYLVANIA STATE EMPLOYEES Credit Union $945,000 $1,415,000 49.7% 0.4%
JPMorgan Chase Bank $1,450,000 $1,410,000 -2.8% 0.4%
The Farmers National Bank of Canfield $1,290,000 $1,380,000 7.0% 0.4%
AMERICAN FINANCING CORPORATION $400,000 $1,355,000 238.8% 0.4%
LAKEVIEW LOAN SERVICING, LLC $780,000 $1,355,000 73.7% 0.4%
Sail Mortgage Corp. $180,000 $1,135,000 530.6% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $765,000 $1,125,000 47.1% 0.3%
ROYAL UNITED MORTGAGE LLC $520,000 $1,120,000 115.4% 0.3%
PROVIDENT FUNDING ASSOCIATES, L.P. $185,000 $1,065,000 475.7% 0.3%
ARMCO CREDIT UNION $420,000 $1,055,000 151.2% 0.3%
TOWNE MORTGAGE COMPANY $335,000 $1,050,000 213.4% 0.3%
RESIDENTIAL MORTGAGE SERVICES, INC. $360,000 $1,040,000 188.9% 0.3%
Carrington Mortgage Services, LLC $820,000 $1,005,000 22.6% 0.3%
Mars Bank $375,000 $990,000 164.0% 0.3%
Washington Financial Bank $1,535,000 $990,000 -35.5% 0.3%
DEVELOPER'S MORTGAGE COMPANY $970,000 n/a 0.3%
PENTAGON FEDERAL CREDIT UNION $105,000 $955,000 809.5% 0.2%
EVANSVILLE TEACHERS $185,000 $945,000 410.8% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $425,000 $875,000 105.9% 0.2%
NEW DAY FINANCIAL, LLC $525,000 $865,000 64.8% 0.2%
HOMESIDE FINANCIAL, LLC $840,000 n/a 0.2%
First Guaranty Mortgage Corporation $515,000 $795,000 54.4% 0.2%
SSB Bank $1,145,000 $775,000 -32.3% 0.2%
NEXTIER BANK, NATIONAL ASSOCIATION $85,000 $760,000 794.1% 0.2%
USAA Federal Savings Bank $2,035,000 $750,000 -63.1% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $335,000 $740,000 120.9% 0.2%
AmeriHome Mortgage Company, LLC $185,000 $730,000 294.6% 0.2%
RELIANCE FIRST CAPITAL, LLC $1,010,000 $705,000 -30.2% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $360,000 $695,000 93.1% 0.2%
BETTER MORTGAGE CORPORATION $730,000 $675,000 -7.5% 0.2%
Clearview Federal Credit Union $970,000 $675,000 -30.4% 0.2%
Fifth Third Bank $85,000 $625,000 635.3% 0.2%
WELCOME HOME FINANCE, L.P. $260,000 $605,000 132.7% 0.2%
State Financial Network, LLC $440,000 $570,000 29.5% 0.1%
OWNERSCHOICE FUNDING, INCORPORATED $940,000 $555,000 -41.0% 0.1%
Grove City Area Federal Credit Union $370,000 $535,000 44.6% 0.1%
ARC HOME LLC $615,000 $530,000 -13.8% 0.1%
GUARANTEED RATE, INC. $380,000 $520,000 36.8% 0.1%
LOANPAL, LLC $155,000 $520,000 235.5% 0.1%
North American Savings Bank, F.S.B. $520,000 n/a 0.1%
TIDEWATER MORTGAGE SERVICES, INC. $520,000 n/a 0.1%
GSF Mortgage Corporation $185,000 $480,000 159.5% 0.1%
PHH Mortgage Corporation $75,000 $480,000 540.0% 0.1%
FEDERATED MORTGAGE CORP. $475,000 n/a 0.1%
Seven Seventeen Credit Union $620,000 $475,000 -23.4% 0.1%
CLEARPATH LENDING $225,000 $460,000 104.4% 0.1%
Ally Bank $75,000 $455,000 506.7% 0.1%
Patriot Lending Services, Inc. $450,000 n/a 0.1%
The Federal Savings Bank $435,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $420,000 n/a 0.1%
OCMBC, INC. $415,000 n/a 0.1%
STEARNS LENDING, LLC $550,000 $405,000 -26.4% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $350,000 $395,000 12.9% 0.1%
CALCON MUTUAL MORTGAGE LLC $385,000 n/a 0.1%
FINANCE OF AMERICA MORTGAGE LLC $595,000 $375,000 -37.0% 0.1%
FBC MORTGAGE, LLC $365,000 n/a 0.1%
PLANET HOME LENDING, LLC $655,000 $360,000 -45.0% 0.1%
Bank of England $420,000 $350,000 -16.7% 0.1%
Gateway First Bank $270,000 $345,000 27.8% 0.1%
Discover Bank $340,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $290,000 $340,000 17.2% 0.1%
Kish Bank $335,000 n/a 0.1%
KeyBank $205,000 $320,000 56.1% 0.1%
RESIDENTIAL HOME MORTGAGE CORPORATION $320,000 n/a 0.1%
First Federal Bank $595,000 $300,000 -49.6% 0.1%
MILEND, INC. $300,000 n/a 0.1%
Bank of America $775,000 $280,000 -63.9% 0.1%
Barrington Bank & Trust Company, N.A. $45,000 $280,000 522.2% 0.1%
Colonial Savings, F.A. $190,000 $275,000 44.7% 0.1%
Third Federal Savings and Loan Association of Cleveland $275,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $270,000 $270,000 0.0% 0.1%
GENEVA FINANCIAL, LLC $270,000 n/a 0.1%
SOUTHPOINT FINANCIAL SERVICES, INC. $245,000 $260,000 6.1% 0.1%
AmeriServ Financial Bank $330,000 $250,000 -24.2% 0.1%
InterContinental Capital Group, Inc $245,000 n/a 0.1%
KELLER MORTGAGE, LLC $245,000 n/a 0.1%
LEADERONE FINANCIAL CORPORATION $245,000 n/a 0.1%
Strong Home Mortgage, LLC $245,000 n/a 0.1%
NBKC BANK $240,000 n/a 0.1%
NETWORK CAPITAL FUNDING CORPORATION $240,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $95,000 $240,000 152.6% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $285,000 $235,000 -17.5% 0.1%
Service Federal Credit Union $235,000 n/a 0.1%
GUILD MORTGAGE COMPANY $225,000 n/a 0.1%
Consumers National Bank $215,000 n/a 0.1%
Figure Lending LLC $95,000 $210,000 121.1% 0.1%
Truist Bank $630,000 $210,000 -66.7% 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $205,000 n/a 0.1%
Hometown Lenders, Inc. $205,000 n/a 0.1%
RESIDENTIAL BANCORP. $205,000 n/a 0.1%
The Farmers National Bank of Emlenton $610,000 $195,000 -68.0% 0.1%
21ST MORTGAGE CORPORATION $410,000 $185,000 -54.9% 0.0%
TCF National Bank $215,000 $185,000 -14.0% 0.0%
TD Bank $185,000 n/a 0.0%
LENDERFI, INC. $165,000 n/a 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $165,000 n/a 0.0%
USX Federal Credit Union $315,000 $165,000 -47.6% 0.0%
Capital Bank $145,000 n/a 0.0%
NASA Federal Credit Union $145,000 n/a 0.0%
ERIE FEDERAL CREDIT UNION $135,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $135,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $135,000 n/a 0.0%
Merchants Bank of Indiana $290,000 $125,000 -56.9% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $125,000 n/a 0.0%
Connexus Credit Union $115,000 n/a 0.0%
FIRST HERITAGE FINANCIAL, LLC $115,000 n/a 0.0%
INTERNATIONAL CITY MORTGAGE, INC. $115,000 n/a 0.0%
Ixonia Bank $115,000 n/a 0.0%
OMEGA Federal Credit Union $15,000 $115,000 666.7% 0.0%
RUOFF MORTGAGE COMPANY, INC. $115,000 n/a 0.0%
TOP FLITE FINANCIAL, INC. $115,000 n/a 0.0%
Willamette Valley Bank $115,000 n/a 0.0%
FREEDOM UNITED FCU $55,000 $110,000 100.0% 0.0%
FINANCE OF AMERICA REVERSE LLC $105,000 n/a 0.0%
FNCB Bank $105,000 n/a 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $105,000 n/a 0.0%
SOFI LENDING CORP. $585,000 $105,000 -82.1% 0.0%
OCEANSIDE MORTGAGE COMPANY $95,000 $95,000 0.0% 0.0%
SECURITYNATIONAL MORTGAGE COMPANY $90,000 n/a 0.0%
ALLEGENT COMMUNITY $85,000 n/a 0.0%
CELEBRITY HOME LOANS, LLC $85,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $85,000 n/a 0.0%
AMERICAN ADVISORS GROUP $160,000 $75,000 -53.1% 0.0%
Magnolia Bank $75,000 n/a 0.0%
Manufacturers and Traders Trust Company $75,000 $75,000 0.0% 0.0%
NORWICH COMMERCIAL GROUP, INC. $75,000 n/a 0.0%
Citibank $855,000 $65,000 -92.4% 0.0%
CORNING $155,000 $65,000 -58.1% 0.0%
1st Summit Bank $55,000 n/a 0.0%
EASTMAN $55,000 n/a 0.0%
Equity Prime Mortgage LLC $55,000 n/a 0.0%
West-Aircomm Federal Credit Union $55,000 n/a 0.0%
Widget Federal Credit Union $45,000 n/a 0.0%
CITIZENS EQUITY FIRST $35,000 n/a 0.0%
MEMBER FIRST MORTGAGE, LLC $155,000 $35,000 -77.4% 0.0%
TOWER $105,000 $35,000 -66.7% 0.0%

New Castle's top lender by overall market share is The Huntington National Bank, with 10.5% market share. In second place, with 8.7%, is QUICKEN LOANS, LLC, having originated $33,245,000 in loans. In third place, with 7.9%, is First National Bank of Pennsylvania, having originated $30,405,000 in loans. In third place, with 5.7%, is Citizens Bank, having originated $21,840,000 in loans. In third place, with 5.1%, is First Commonwealth Bank, having originated $19,750,000 in loans.


New Castle, PA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Refi 985 $149,325,000 $151,599
Home Purchase 968 $151,310,000 $156,312
Cash Out Refi 410 $58,450,000 $142,561
Home Improvement 195 $12,085,000 $61,974
Other 166 $12,680,000 $76,386

New Castle's most frequently cited loan purpose was Refi, with 985 originations. The 2nd most popular reason was Home Purchase, with 968 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 1,104 $165,370,000 $149,792
3-4% 827 $120,995,000 $146,306
<2.5% 503 $72,965,000 $145,060
4-5% 114 $10,150,000 $89,035
5-6% 63 $2,825,000 $44,841
6-7% 25 $1,055,000 $42,200
7-8% 11 $445,000 $40,455
Over 8% 8 $270,000 $33,750

During 2021, New Castle's most frequently originated rate bucket was 2.5-3%, with 1,104 originations.

Loan Sizing (New Castle, PA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,114 $70,740,000 $63,501
$100k-200k 1,097 $155,955,000 $142,165
$200k-400k 465 $122,365,000 $263,151
$400k-600k 39 $17,715,000 $454,231
$600k-1000k 6 $3,990,000 $665,000
$Over $1MM 3 $13,085,000 $4,361,667

New Castle's loan sizing saw the bucket of loans from $100,000 or less with 1,114 originations, totaling $70,740,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,034 $173,820,000 $168,104
60-80% 787 $122,225,000 $155,305
40-60% 378 $42,000,000 $111,111
20-40% 244 $17,760,000 $72,787
Under 20% 142 $5,130,000 $36,127
Over 100% 17 $3,465,000 $203,824

New Castle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,034 originations, totaling $173,820,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - New Castle (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 $90,000 (5.3%) $147,051 (15.7%) 0.00 472
2018-02-01 $88,400 (2.9%) $147,090 (14.0%) 0.00 449
2018-03-01 $86,900 (-4.5%) $146,656 (7.2%) 0.00 454
2018-04-01 $89,900 (0.0%) $150,770 (10.8%) 0.00 457
2018-05-01 $97,000 (8.1%) $153,830 (11.6%) 0.00 479
2018-06-01 $99,000 (10.1%) $155,135 (12.7%) 0.00 500
2018-07-01 $112,400 (18.3%) $157,205 (9.4%) 0.00 493
2018-08-01 $115,750 (27.6%) $151,820 (4.5%) 0.00 521
2018-09-01 $112,000 (18.0%) $148,720 (2.1%) 0.00 514
2018-10-01 $114,425 (20.8%) $148,314 (2.5%) 0.00 508
2018-11-01 $112,450 (18.4%) $144,503 (-2.5%) 0.00 514
2018-12-01 $109,900 (22.3%) $143,836 (-0.6%) 0.00 498
2019-01-01 $99,700 (10.8%) $136,541 (-7.2%) 0.00 475
2019-02-01 $97,350 (10.1%) $133,656 (-9.1%) 0.00 452
2019-03-01 $97,143 (11.8%) $138,400 (-5.6%) 0.00 448
2019-04-01 $100,000 (11.2%) $145,791 (-3.3%) 0.00 449
2019-05-01 $99,750 (2.8%) $144,639 (-6.0%) 0.00 447
2019-06-01 $100,000 (1.0%) $149,130 (-3.9%) 0.00 442
2019-07-01 $101,950 (-9.3%) $142,516 (-9.3%) 0.00 448
2019-08-01 $102,071 (-11.8%) $147,078 (-3.1%) 0.00 451
2019-09-01 $100,021 (-10.7%) $152,747 (2.7%) 0.00 448
2019-10-01 $105,000 (-8.2%) $156,413 (5.5%) 0.00 455
2019-11-01 $109,500 (-2.6%) $164,217 (13.6%) 0.00 446
2019-12-01 $99,900 (-9.1%) $161,196 (12.1%) 0.00 420
2020-01-01 $99,900 (0.2%) $161,578 (18.3%) 0.00 390
2020-02-01 $115,000 (18.1%) $166,140 (24.3%) 0.00 386
2020-03-01 $119,900 (23.4%) $167,139 (20.8%) 0.00 389
2020-04-01 $124,500 (24.5%) $169,139 (16.0%) 0.00 391
2020-05-01 $124,900 (25.2%) $165,306 (14.3%) 0.00 381
2020-06-01 $119,900 (19.9%) $169,718 (13.8%) 0.00 326
2020-07-01 $137,450 (34.8%) $178,841 (25.5%) 0.00 313
2020-08-01 $129,900 (27.3%) $179,334 (21.9%) 0.00 283
2020-09-01 $134,400 (34.4%) $182,755 (19.7%) 0.00 273
2020-10-01 $129,900 (23.7%) $174,022 (11.3%) 0.00 275
2020-11-01 $121,250 (10.7%) $172,181 (4.9%) 0.00 265
2020-12-01 $126,450 (26.6%) $171,917 (6.7%) 0.00 243
2021-01-01 $122,500 (22.6%) $166,461 (3.0%) 0.00 196
2021-02-01 $124,950 (8.7%) $171,149 (3.0%) 0.00 157
2021-03-01 $151,950 (26.7%) $189,110 (13.2%) 0.00 129
2021-04-01 $145,950 (17.2%) $191,358 (13.1%) 0.00 123
2021-05-01 $149,900 (20.0%) $193,420 (17.0%) 0.00 118
2021-06-01 $139,925 (16.7%) $191,829 (13.0%) 0.00 145
2021-07-01 $145,700 (6.0%) $190,868 (6.7%) 0.00 163
2021-08-01 $129,700 (-0.2%) $185,413 (3.4%) 0.00 191
2021-09-01 $129,900 (-3.4%) $191,081 (4.6%) 0.00 182
2021-10-01 $139,900 (7.7%) $193,229 (11.0%) 0.00 184
2021-11-01 $147,000 (21.2%) $204,182 (18.6%) 0.00 175
2021-12-01 $130,000 (2.8%) $195,062 (13.5%) 0.00 160
2022-01-01 $138,800 (13.3%) $202,262 (21.5%) 0.00 143
2022-02-01 $142,450 (14.0%) $208,444 (21.8%) 0.00 121
2022-03-01 $157,000 (3.3%) $206,588 (9.2%) 0.00 104
2022-04-01 $150,000 (2.8%) $192,880 (0.8%) 0.00 116
2022-05-01 $187,400 (25.0%) $213,092 (10.2%) 0.00 117
New Castle's median listing price for 2022-05-01 was $187,400, a difference of $37,500 (25.0%) versus the prior year and $37,400 versus the prior month.

New Castle's median listing price comes in at 0% of the national average.

New Castle's average listing price for 2022-05-01 was $213,092, a difference of $19,672 (10.2%) versus the prior year and $20,212 versus the prior month.

For the 2022-05-01 period, New Castle had 117 MLS listings, a difference of 1 listings (1%) versus the prior month and -1 listings (-1%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - New Castle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,627 sqft
2018-02-01 0 days 1,667 sqft
2018-03-01 0 days 1,586 sqft
2018-04-01 0 days 1,586 sqft
2018-05-01 0 days 1,586 sqft
2018-06-01 0 days 1,667 sqft
2018-07-01 0 days 1,586 sqft
2018-08-01 0 days 1,451 sqft
2018-09-01 0 days 1,316 sqft
2018-10-01 0 days 1,471 sqft
2018-11-01 0 days 1,471 sqft
2018-12-01 0 days 1,360 sqft
2019-01-01 0 days 1,360 sqft
2019-02-01 0 days 1,432 sqft
2019-03-01 0 days 1,426 sqft
2019-04-01 0 days 1,471 sqft
2019-05-01 0 days 1,500 sqft
2019-06-01 0 days 1,500 sqft
2019-07-01 0 days 1,501 sqft
2019-08-01 0 days 1,509 sqft
2019-09-01 0 days 1,482 sqft
2019-10-01 0 days 1,456 sqft
2019-11-01 0 days 1,464 sqft
2019-12-01 0 days 1,454 sqft
2020-01-01 0 days 1,462 sqft
2020-02-01 0 days 1,484 sqft
2020-03-01 0 days 1,532 sqft
2020-04-01 0 days 1,549 sqft
2020-05-01 0 days 1,547 sqft
2020-06-01 0 days 1,538 sqft
2020-07-01 0 days 1,536 sqft
2020-08-01 0 days 1,536 sqft
2020-09-01 0 days 1,584 sqft
2020-10-01 0 days 1,524 sqft
2020-11-01 0 days 1,490 sqft
2020-12-01 0 days 1,467 sqft
2021-01-01 0 days 1,468 sqft
2021-02-01 0 days 1,503 sqft
2021-03-01 0 days 1,524 sqft
2021-04-01 0 days 1,509 sqft
2021-05-01 0 days 1,532 sqft
2021-06-01 0 days 1,512 sqft
2021-07-01 0 days 1,587 sqft
2021-08-01 0 days 1,497 sqft
2021-09-01 0 days 1,456 sqft
2021-10-01 0 days 1,441 sqft
2021-11-01 0 days 1,521 sqft
2021-12-01 0 days 1,487 sqft
2022-01-01 0 days 1,488 sqft
2022-02-01 0 days 1,497 sqft
2022-03-01 0 days 1,520 sqft
2022-04-01 0 days 1,472 sqft
2022-05-01 0 days 1,588 sqft
New Castle's median listing age (time on market) for 2022-05-01 was 0 days.

New Castle's median square footage for active listings during the 2022-05-01 period was 1,588 sqft. One year prior, the average listing was 1,532 sqft.