Oil City Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Oil City averaged 7.07% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

The average rate for the prior week (2023-11-22) was 7.44% and one month ago for the week of 2023-10-26, the average rate was 7.94%.

Oil City's average rate one year ago was 6.53%.

For refis of the same type during the week of 2023-11-30, the average rate was 7.52%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-30 7.22%
Oil City 30 Year Fixed Rate 2023-11-30 7.07%
Oil City 30 Year Fixed Rate Refi 2023-11-30 7.52%
Oil City 15 Year Fixed Rate 2023-11-30 6.36%
Oil City 15 Year Fixed Rate Refi 2023-11-30 6.86%
Oil City 30 Year FHA 2023-11-30 6.55%
Oil City 30 Year FHA Refi 2023-11-30 6.85%
Oil City 30 Year USDA 2023-11-30 6.9%
Oil City 30 Year USDA Refi 2023-11-30 7%
Oil City 30 Year VA 2023-11-30 6.87%
Oil City 30 Year VA Refi 2023-11-30 6.77%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Oil City, PA.

Oil City 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 Oil City, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Northwest Bank 24 5.05% $3,850
TIDEWATER MORTGAGE SERVICES, INC. 22 5.50% $4,570
QUICKEN LOANS, LLC 19 4.91% $6,526
First National Bank of Pennsylvania 9 5.03% $4,188
Waterstone Mortgage Corporation 6 4.96% $4,783
UNION HOME MORTGAGE CORP. 6 5.50% $4,930
PENNSYLVANIA STATE EMPLOYEES Credit Union 6 4.54% $2,049
The Farmers National Bank of Emlenton 5 4.68% $2,606
PNC Bank 5 4.63% $4,261
The Huntington National Bank 4 4.59% $8,288
Citizens Bank 4 5.53% $5,764
CARDINAL FINANCIAL 3 6.54% $5,857
UNITED WHOLESALE MORTGAGE, LLC 3 4.54% $6,652
Mr. Cooper ( Nationstar Mortgage ) 3 4.54% $6,628
First Commonwealth Bank 3 5.67% $5,186
HOWARD HANNA FINANCIAL SERVICES, INC. 3 4.33% $4,217
ROYAL UNITED MORTGAGE LLC 3 5.08% $6,683
NAVY FEDERAL CREDIT UNION 2 5.88% $3,263
Carrington Mortgage Services, LLC 2 4.13% $5,275
HOME POINT FINANCIAL CORPORATION 2 3.06% $6,510
Dollar Bank, Federal Savings Bank 2 4.25% $4,527
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.75% $4,364
LOANDEPOT.COM, LLC 2 4.81% $4,581
Marquette Savings Bank 2 5.50% $2,516
USAA Federal Savings Bank 2 5.69% $5,190
Wells Fargo Bank 2 5.00% $7,729
M&T Bank 2 5.06% $5,520
Gateway First Bank 2 5.81% $4,961
Union Savings Bank 1 4.00% $4,586
Washington Financial Bank 1 5.50% $5,908
WEST PENN FINANCIAL SERVICE CENTER, INC. 1 5.88% $4,227
AFFINITY 1 5.75% $2,715
ZILLOW HOME LOANS, LLC 1 6.50% $2,668
ARC HOME LLC 1 4.25% $3,486
BETTER MORTGAGE CORPORATION 1 7.13% $3,723
Blue Ridge Bank 1 6.50% $7,762
BROKER SOLUTIONS, INC. 1 6.10% $7,005
CALIBER HOME LOANS, INC. 1 4.75% $7,111
CBM Mortgage, Inc. 1 4.13% $4,163
CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $3,295
Discover Bank 1 7.49% $0
Flagstar Bank, FSB 1 5.63% $8,082
GUILD MORTGAGE COMPANY 1 5.38% $4,394
HOMESIDE FINANCIAL, LLC 1 7.13% $4,607
JPMorgan Chase Bank 1 3.50% $4,780
LAKEVIEW LOAN SERVICING, LLC 1 6.63% $5,227
Mortgage America, Inc. 1 5.50% $3,449
Mortgage Research Center, LLC 1 5.13% $9,924
MOVEMENT MORTGAGE, LLC 1 4.99% $5,487
Network Funding, L.P. 1 5.63% $6,150
NEWREZ LLC 1 6.13% $2,427
NEXTIER BANK, NATIONAL ASSOCIATION 1 5.75% $3,967
Northpointe Bank 1 5.25% $4,561
NP, Inc. 1 6.99% $6,817
PREMIA MORTGAGE, LLC 1 4.38% $3,868
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.88% $7,712
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.88% $4,035
The Federal Savings Bank 1 2.88% $44,306
TOP FLITE FINANCIAL, INC. 1 5.38% $7,800
Toyota Financial Savings Bank 1 5.63% $5,840

Oil City Average Closing Costs & Other Stats

Oil City, PA's 60 lenders originated 776 loans during 2022. The total origination value was $91,450,000, with an average loan value of $117,848.

Oil City's average closing costs are $4,651.

The top Oil City lender as defined by loan originations is Northwest Bank, with 24 loans originated. Their average total fees are $3,850, which is $720 lower than the next largest lender, TIDEWATER MORTGAGE SERVICES, INC..

The lowest fee Oil City lenders (with over 10 loans originated) are Northwest Bank ($3,850), TIDEWATER MORTGAGE SERVICES, INC. ($4,570), QUICKEN LOANS, LLC ($6,526), .

The lowest rate Oil City lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.91%), Northwest Bank (5.05%), TIDEWATER MORTGAGE SERVICES, INC. (5.50%), .

Oil City, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Northwest Bank $20,820,000 $13,850,000 -33.5% 15.1%
QUICKEN LOANS, LLC $12,185,000 $7,820,000 -35.8% 8.6%
TIDEWATER MORTGAGE SERVICES, INC. $6,580,000 $5,985,000 -9.0% 6.5%
First National Bank of Pennsylvania $6,320,000 $5,595,000 -11.5% 6.1%
Citizens Bank $6,975,000 $4,450,000 -36.2% 4.9%
PNC Bank $4,945,000 $4,375,000 -11.5% 4.8%
Arbor Realty Trust, Inc. $3,045,000 n/a 3.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $3,475,000 $2,915,000 -16.1% 3.2%
The Farmers National Bank of Emlenton $3,530,000 $2,900,000 -17.8% 3.2%
Greenville Savings Bank $2,825,000 $2,350,000 -16.8% 2.6%
Mortgage Research Center, LLC $1,735,000 $2,010,000 15.9% 2.2%
PENNSYLVANIA STATE EMPLOYEES Credit Union $2,710,000 $1,960,000 -27.7% 2.1%
Mars Bank $85,000 $1,785,000 2,000.0% 2.0%
Mercer County State Bank $3,215,000 $1,640,000 -49.0% 1.8%
The Huntington National Bank $1,160,000 $1,595,000 37.5% 1.7%
Grove City Area Federal Credit Union $1,065,000 $1,560,000 46.5% 1.7%
The Federal Savings Bank $1,495,000 n/a 1.6%
UNITED WHOLESALE MORTGAGE, LLC $1,100,000 $1,445,000 31.4% 1.6%
UNION HOME MORTGAGE CORP. $2,255,000 $1,195,000 -47.0% 1.3%
Dollar Bank, Federal Savings Bank $275,000 $955,000 247.3% 1.0%
Wells Fargo Bank $600,000 $875,000 45.8% 1.0%
Mr. Cooper ( Nationstar Mortgage ) $1,040,000 $725,000 -30.3% 0.8%
NAVY FEDERAL CREDIT UNION $1,390,000 $710,000 -48.9% 0.8%
Waterstone Mortgage Corporation $355,000 $695,000 95.8% 0.8%
Flagstar Bank, FSB $85,000 $635,000 647.1% 0.7%
HOWARD HANNA FINANCIAL SERVICES, INC. $115,000 $565,000 391.3% 0.6%
M&T Bank $565,000 n/a 0.6%
BROKER SOLUTIONS, INC. $375,000 $550,000 46.7% 0.6%
LOANDEPOT.COM, LLC $470,000 $540,000 14.9% 0.6%
ARMCO CREDIT UNION $360,000 $520,000 44.4% 0.6%
Union Savings Bank $1,055,000 $520,000 -50.7% 0.6%
First Commonwealth Bank $230,000 $515,000 123.9% 0.6%
RELIANCE FIRST CAPITAL, LLC $105,000 $485,000 361.9% 0.5%
USAA Federal Savings Bank $415,000 $485,000 16.9% 0.5%
Toyota Financial Savings Bank $425,000 n/a 0.5%
PENNYMAC LOAN SERVICES, LLC $1,645,000 $405,000 -75.4% 0.4%
Marquette Savings Bank $480,000 $395,000 -17.7% 0.4%
Equity Prime Mortgage LLC $75,000 $350,000 366.7% 0.4%
NEWREZ LLC $880,000 $335,000 -61.9% 0.4%
CALIBER HOME LOANS, INC. $65,000 $320,000 392.3% 0.3%
BETTER MORTGAGE CORPORATION $125,000 $305,000 144.0% 0.3%
KeyBank $300,000 n/a 0.3%
FREEDOM MORTGAGE CORPORATION $2,360,000 $290,000 -87.7% 0.3%
UTILITIES EMPLOYEES CREDIT UNION $185,000 $290,000 56.8% 0.3%
Carrington Mortgage Services, LLC $190,000 $280,000 47.4% 0.3%
InFirst Bank $155,000 $275,000 77.4% 0.3%
HOME POINT FINANCIAL CORPORATION $225,000 $270,000 20.0% 0.3%
WEST PENN FINANCIAL SERVICE CENTER, INC. $200,000 $260,000 30.0% 0.3%
Barrington Bank & Trust Company, N.A. $200,000 $255,000 27.5% 0.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $255,000 n/a 0.3%
MidAtlantic Farm Credit, ACA $255,000 n/a 0.3%
ROYAL UNITED MORTGAGE LLC $455,000 $255,000 -44.0% 0.3%
AFFORDABLE MORTGAGE ADVISORS, LLC. $75,000 $250,000 233.3% 0.3%
AMERICAN FINANCIAL RESOURCES, INC. $505,000 $250,000 -50.5% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $220,000 $250,000 13.6% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $115,000 $235,000 104.3% 0.3%
NEW DAY FINANCIAL, LLC $415,000 $230,000 -44.6% 0.3%
LIBERTY HOME MORTGAGE CORPORATION $225,000 n/a 0.2%
Gateway First Bank $95,000 $220,000 131.6% 0.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $215,000 n/a 0.2%
NEXTIER BANK, NATIONAL ASSOCIATION $440,000 $215,000 -51.1% 0.2%
Washington Financial Bank $560,000 $215,000 -61.6% 0.2%
CBM Mortgage, Inc. $205,000 n/a 0.2%
Fulton Bank $205,000 n/a 0.2%
JPMorgan Chase Bank $615,000 $205,000 -66.7% 0.2%
PREMIA MORTGAGE, LLC $205,000 n/a 0.2%
CNB Bank $1,350,000 $200,000 -85.2% 0.2%
American Financial Mortgage Corporation $195,000 n/a 0.2%
MOVEMENT MORTGAGE, LLC $350,000 $195,000 -44.3% 0.2%
21ST MORTGAGE CORPORATION $25,000 $190,000 660.0% 0.2%
GUILD MORTGAGE COMPANY $185,000 n/a 0.2%
Nations Lending Corporation $215,000 $165,000 -23.3% 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $155,000 n/a 0.2%
AFFINITY $145,000 n/a 0.2%
Blue Ridge Bank $235,000 $145,000 -38.3% 0.2%
EVERETT FINANCIAL, INC. $145,000 n/a 0.2%
Network Funding, L.P. $145,000 n/a 0.2%
WELCOME HOME FINANCE, L.P. $145,000 n/a 0.2%
Discover Bank $35,000 $140,000 300.0% 0.2%
LAKEVIEW LOAN SERVICING, LLC $140,000 n/a 0.2%
S&T Bank $1,030,000 $140,000 -86.4% 0.2%
Magnolia Bank $125,000 n/a 0.1%
Northpointe Bank $125,000 n/a 0.1%
Figure Lending LLC $25,000 $120,000 380.0% 0.1%
ARC HOME LLC $115,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $410,000 $115,000 -72.0% 0.1%
NP, Inc. $115,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $105,000 $115,000 9.5% 0.1%
STOCKTON MORTGAGE CORPORATION $115,000 n/a 0.1%
TOWNE MORTGAGE COMPANY $495,000 $115,000 -76.8% 0.1%
GUARANTEED RATE, INC. $515,000 $105,000 -79.6% 0.1%
TOP FLITE FINANCIAL, INC. $105,000 n/a 0.1%
USX Federal Credit Union $105,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $55,000 $95,000 72.7% 0.1%
Secured Investment Corp. $85,000 n/a 0.1%
Wyndham Capital Mortgage, Inc. $95,000 $85,000 -10.5% 0.1%
ROSS MORTGAGE CORPORATION $75,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $75,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $65,000 n/a 0.1%
Mortgage America, Inc. $155,000 $65,000 -58.1% 0.1%
Bank of America $220,000 $55,000 -75.0% 0.1%
LIMA ONE CAPITAL, LLC $55,000 n/a 0.1%
AmeriServ Financial Bank $2,125,000 $45,000 -97.9% 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $25,000 n/a 0.0%
The ONE $155,000 $25,000 -83.9% 0.0%
POLICE & FIRE $55,000 $15,000 -72.7% 0.0%

Oil City's top lender by overall market share is Northwest Bank, with 15.1% market share. In second place, with 8.6%, is QUICKEN LOANS, LLC, having originated $7,820,000 in loans. In third place, with 6.5%, is TIDEWATER MORTGAGE SERVICES, INC., having originated $5,985,000 in loans. In fourth place, with 6.1%, is First National Bank of Pennsylvania, having originated $5,595,000 in loans. In fifth place, with 4.9%, is Citizens Bank, having originated $4,450,000 in loans.


Oil City Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Oil City (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 $88,475 (6.4%) $125,675 (3.2%) 0.00 288
2018-02-01 $88,475 (6.8%) $122,899 (0.2%) 0.00 288
2018-03-01 $85,000 (1.3%) $118,783 (-5.1%) 0.00 299
2018-04-01 $83,700 (-3.2%) $119,026 (-4.9%) 0.00 314
2018-05-01 $83,700 (-6.9%) $119,536 (-6.5%) 0.00 333
2018-06-01 $84,900 (-5.3%) $120,530 (-4.9%) 0.00 334
2018-07-01 $87,875 (-2.9%) $127,391 (-2.9%) 0.00 333
2018-08-01 $88,450 (-2.5%) $130,496 (-0.2%) 0.00 336
2018-09-01 $93,500 (3.3%) $127,517 (-2.4%) 0.00 323
2018-10-01 $96,550 (7.4%) $126,661 (-3.5%) 0.00 311
2018-11-01 $96,400 (7.2%) $124,806 (-4.2%) 0.00 291
2018-12-01 $94,200 (4.8%) $122,707 (-5.1%) 0.00 268
2019-01-01 $89,800 (1.5%) $122,309 (-2.7%) 0.00 254
2019-02-01 $89,700 (1.4%) $124,085 (1.0%) 0.00 247
2019-03-01 $92,371 (8.7%) $127,185 (7.1%) 0.00 236
2019-04-01 $97,950 (17.0%) $129,640 (8.9%) 0.00 219
2019-05-01 $98,875 (18.1%) $126,140 (5.5%) 0.00 212
2019-06-01 $97,400 (14.7%) $127,545 (5.8%) 0.00 210
2019-07-01 $89,450 (1.8%) $123,188 (-3.3%) 0.00 223
2019-08-01 $89,973 (1.7%) $122,119 (-6.4%) 0.00 233
2019-09-01 $89,932 (-3.8%) $121,451 (-4.8%) 0.00 233
2019-10-01 $89,900 (-6.9%) $121,432 (-4.1%) 0.00 231
2019-11-01 $92,950 (-3.6%) $130,629 (4.7%) 0.00 230
2019-12-01 $93,650 (-0.6%) $132,696 (8.1%) 0.00 224
2020-01-01 $91,950 (2.4%) $134,243 (9.8%) 0.00 212
2020-02-01 $94,700 (5.6%) $138,102 (11.3%) 0.00 200
2020-03-01 $90,000 (-2.6%) $136,226 (7.1%) 0.00 192
2020-04-01 $89,875 (-8.2%) $136,176 (5.0%) 0.00 183
2020-05-01 $92,500 (-6.5%) $139,730 (10.8%) 0.00 167
2020-06-01 $94,950 (-2.5%) $141,453 (10.9%) 0.00 169
2020-07-01 $95,225 (6.5%) $146,833 (19.2%) 0.00 155
2020-08-01 $89,950 (0.0%) $139,730 (14.4%) 0.00 139
2020-09-01 $85,000 (-5.5%) $120,207 (-1.0%) 0.00 142
2020-10-01 $91,000 (1.2%) $141,610 (16.6%) 0.00 139
2020-11-01 $97,000 (4.4%) $147,251 (12.7%) 0.00 123
2020-12-01 $99,700 (6.5%) $147,394 (11.1%) 0.00 113
2021-01-01 $99,250 (7.9%) $140,997 (5.0%) 0.00 109
2021-02-01 $99,475 (5.0%) $149,505 (8.3%) 0.00 98
2021-03-01 $102,975 (14.4%) $164,037 (20.4%) 0.00 79
2021-04-01 $99,600 (10.8%) $158,515 (16.4%) 0.00 87
2021-05-01 $99,000 (7.0%) $152,975 (9.5%) 0.00 92
2021-06-01 $114,900 (21.0%) $153,075 (8.2%) 0.00 91
2021-07-01 $119,000 (25.0%) $172,106 (17.2%) 0.00 93
2021-08-01 $119,000 (32.3%) $188,295 (34.8%) 0.00 87
2021-09-01 $115,000 (35.3%) $163,500 (36.0%) 0.00 92
2021-10-01 $112,400 (23.5%) $141,317 (-0.2%) 0.00 89
2021-11-01 $97,725 (0.8%) $138,304 (-6.1%) 0.00 88
2021-12-01 $90,600 (-9.1%) $138,243 (-6.2%) 0.00 93
2022-01-01 $94,000 (-5.3%) $140,861 (-0.1%) 0.00 87
2022-02-01 $98,225 (-1.3%) $148,653 (-0.6%) 0.00 83
2022-03-01 $107,450 (4.4%) $169,044 (3.1%) 0.00 78
2022-04-01 $128,000 (28.5%) $192,310 (21.3%) 0.00 76
2022-05-01 $126,850 (28.1%) $188,253 (23.1%) 0.00 95
2022-06-01 $130,075 (13.2%) $193,770 (26.6%) 0.00 108
2022-07-01 $129,900 (9.2%) $187,312 (8.8%) 0.00 119
2022-08-01 $132,050 (11.0%) $186,650 (-0.9%) 0.00 109
2022-09-01 $122,450 (6.5%) $180,621 (10.5%) 0.00 102
2022-10-01 $119,900 (6.7%) $164,242 (16.2%) 0.00 103
2022-11-01 $125,000 (27.9%) $166,110 (20.1%) 0.00 106
2022-12-01 $129,700 (43.2%) $194,273 (40.5%) 0.00 99
2023-01-01 $127,175 (35.3%) $190,873 (35.5%) 0.00 93
2023-02-01 $128,175 (30.5%) $190,087 (27.9%) 0.00 80
2023-03-01 $128,725 (19.8%) $193,138 (14.3%) 0.00 72
2023-04-01 $132,200 (3.3%) $196,896 (2.4%) 0.00 73
2023-05-01 $133,950 (5.6%) $192,493 (2.3%) 0.00 75
2023-06-01 $150,875 (16.0%) $206,635 (6.6%) 0.00 86
2023-07-01 $160,000 (23.2%) $218,452 (16.6%) 0.00 98
2023-08-01 $151,225 (14.5%) $242,005 (29.7%) 0.00 104
2023-09-01 $157,000 (28.2%) $245,743 (36.1%) 0.00 106
2023-10-01 $167,675 (39.9%) $245,934 (49.7%) 0.00 100
2023-11-01 $148,000 (18.4%) $227,094 (36.7%) 0.00 105
Oil City's median listing price for 2023-11-01 was $148,000, a difference of $23,000 (18.4%) versus the prior year and $-19,675 versus the prior month.

Oil City's median listing price comes in at 0% of the national average.

Oil City's average listing price for 2023-11-01 was $227,094, a difference of $60,984 (36.7%) versus the prior year and $-18,840 versus the prior month.

For the 2023-11-01 period, Oil City had 105 MLS listings, a difference of 5 listings (5%) versus the prior month and -1 listings (-1%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Oil City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,509 sqft
2018-02-01 0 days 1,509 sqft
2018-03-01 0 days 1,496 sqft
2018-04-01 0 days 1,494 sqft
2018-05-01 0 days 1,513 sqft
2018-06-01 0 days 1,521 sqft
2018-07-01 0 days 1,528 sqft
2018-08-01 0 days 1,536 sqft
2018-09-01 0 days 1,536 sqft
2018-10-01 0 days 1,522 sqft
2018-11-01 0 days 1,528 sqft
2018-12-01 0 days 1,528 sqft
2019-01-01 0 days 1,512 sqft
2019-02-01 0 days 1,512 sqft
2019-03-01 0 days 1,522 sqft
2019-04-01 0 days 1,519 sqft
2019-05-01 0 days 1,491 sqft
2019-06-01 0 days 1,498 sqft
2019-07-01 0 days 1,508 sqft
2019-08-01 0 days 1,508 sqft
2019-09-01 0 days 1,497 sqft
2019-10-01 0 days 1,504 sqft
2019-11-01 0 days 1,538 sqft
2019-12-01 0 days 1,534 sqft
2020-01-01 0 days 1,537 sqft
2020-02-01 0 days 1,537 sqft
2020-03-01 0 days 1,491 sqft
2020-04-01 0 days 1,453 sqft
2020-05-01 0 days 1,488 sqft
2020-06-01 0 days 1,527 sqft
2020-07-01 0 days 1,549 sqft
2020-08-01 0 days 1,515 sqft
2020-09-01 0 days 1,462 sqft
2020-10-01 0 days 1,456 sqft
2020-11-01 0 days 1,515 sqft
2020-12-01 0 days 1,514 sqft
2021-01-01 0 days 1,560 sqft
2021-02-01 0 days 1,579 sqft
2021-03-01 0 days 1,571 sqft
2021-04-01 0 days 1,573 sqft
2021-05-01 0 days 1,626 sqft
2021-06-01 0 days 1,594 sqft
2021-07-01 0 days 1,529 sqft
2021-08-01 0 days 1,636 sqft
2021-09-01 0 days 1,482 sqft
2021-10-01 0 days 1,456 sqft
2021-11-01 0 days 1,455 sqft
2021-12-01 0 days 1,458 sqft
2022-01-01 0 days 1,507 sqft
2022-02-01 0 days 1,513 sqft
2022-03-01 0 days 1,514 sqft
2022-04-01 0 days 1,544 sqft
2022-05-01 0 days 1,544 sqft
2022-06-01 0 days 1,515 sqft
2022-07-01 0 days 1,448 sqft
2022-08-01 0 days 1,466 sqft
2022-09-01 0 days 1,405 sqft
2022-10-01 0 days 1,500 sqft
2022-11-01 0 days 1,484 sqft
2022-12-01 0 days 1,526 sqft
2023-01-01 0 days 1,560 sqft
2023-02-01 0 days 1,558 sqft
2023-03-01 0 days 1,490 sqft
2023-04-01 0 days 1,408 sqft
2023-05-01 0 days 1,454 sqft
2023-06-01 0 days 1,486 sqft
2023-07-01 0 days 1,594 sqft
2023-08-01 0 days 1,610 sqft
2023-09-01 0 days 1,624 sqft
2023-10-01 0 days 1,626 sqft
2023-11-01 0 days 1,631 sqft
Oil City's median listing age (time on market) for 2023-11-01 was 0 days.

Oil City's median square footage for active listings during the 2023-11-01 period was 1,631 sqft. One year prior, the average listing was 1,484 sqft.

Oil City, PA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 334 $46,470,000 $139,132
Refi 133 $14,165,000 $106,504
Cash Out Refi 123 $18,365,000 $149,309
Home Improvement 105 $6,685,000 $63,667
Other 81 $5,765,000 $71,173

Oil City's most frequently cited loan purpose was Home Purchase, with 334 originations. The 2nd most popular reason was Refi, with 133 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 203 $26,715,000 $131,601
3-4% 167 $19,805,000 $118,593
4-5% 154 $17,430,000 $113,182
6-7% 75 $6,405,000 $85,400
<2.5% 51 $5,765,000 $113,039
2.5-3% 44 $5,930,000 $134,773
7-8% 27 $2,415,000 $89,444
Over 8% 18 $1,060,000 $58,889

During 2022, Oil City's most frequently originated rate bucket was 5-6%, with 203 originations.

Loan Sizing (Oil City, PA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 401 $23,305,000 $58,117
$100k-200k 283 $38,375,000 $135,601
$200k-400k 84 $21,380,000 $254,524
$400k-600k 4 $1,660,000 $415,000
$Over $1MM 3 $6,125,000 $2,041,667
$600k-1000k 1 $605,000 $605,000

Oil City's loan sizing saw the bucket of loans from $100,000 or less with 401 originations, totaling $23,305,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 296 $39,990,000 $135,101
60-80% 189 $25,425,000 $134,524
20-40% 111 $6,895,000 $62,117
40-60% 83 $10,475,000 $126,205
Under 20% 52 $1,880,000 $36,154
Over 100% 5 $655,000 $131,000

Oil City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 296 originations, totaling $39,990,000 in origination value.