Oil City 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 Oil City averaged 6.46% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.74% and one month ago for the week of 2023-02-16, the average rate was 6.76%.

    Oil City's average rate one year ago was 4.31%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.9%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Oil City 30 Year Fixed Rate 2023-03-23 6.46%
    Oil City 30 Year Fixed Rate Refi 2023-03-23 6.9%
    Oil City 15 Year Fixed Rate 2023-03-23 6.23%
    Oil City 15 Year Fixed Rate Refi 2023-03-23 6.73%
    Oil City 30 Year FHA 2023-03-23 6.55%
    Oil City 30 Year FHA Refi 2023-03-23 6.04%
    Oil City 30 Year USDA 2023-03-23 6.01%
    Oil City 30 Year USDA Refi 2023-03-23 5.92%
    Oil City 30 Year VA 2023-03-23 6.29%
    Oil City 30 Year VA Refi 2023-03-23 5.77%
    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 COMPANY, LIMITED PARTNERSHIP 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 $91,814 (8.0%) $126,473 (6.5%) 0.00 236
    2019-04-01 $97,300 (16.3%) $128,927 (8.3%) 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 (-2.0%) $136,226 (7.7%) 0.00 192
    2020-04-01 $89,875 (-7.6%) $136,176 (5.6%) 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
    Oil City's median listing price for 2023-02-01 was $128,175, a difference of $29,950 (30.5%) versus the prior year and $1,000 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 2023-02-01 was $190,087, a difference of $41,434 (27.9%) versus the prior year and $-786 versus the prior month.

    For the 2023-02-01 period, Oil City had 80 MLS listings, a difference of -13 listings (-14%) versus the prior month and -3 listings (-4%) 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 1,499 sqft
    2018-04-01 0 days 1,494 sqft
    2018-05-01 0 days 1,514 sqft
    2018-06-01 0 days 1,522 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 1,519 sqft
    2019-04-01 0 days 1,516 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 1,459 sqft
    2020-11-01 0 days 1,516 sqft
    2020-12-01 0 days 1,526 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 1,575 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 1,489 sqft
    2021-10-01 0 days 1,458 sqft
    2021-11-01 0 days 1,455 sqft
    2021-12-01 0 days 1,477 sqft
    2022-01-01 0 days 1,529 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 1,478 sqft
    2022-09-01 0 days 1,408 sqft
    2022-10-01 0 days 1,508 sqft
    2022-11-01 0 days 1,498 sqft
    2022-12-01 0 days 1,536 sqft
    2023-01-01 0 days 1,562 sqft
    2023-02-01 0 days 1,560 sqft
    Oil City's median listing age (time on market) for 2023-02-01 was 0 days.

    Oil City's median square footage for active listings during the 2023-02-01 period was 1,560 sqft. One year prior, the average listing was 1,513 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.