READING Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Reading averaged
6.58%
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
6.71% and
one month ago for the week of 2024-10-03, the
average rate was 5.91%.
Reading's average rate one year ago was 7.85%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.43%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Reading 30 Year Fixed Rate | 2024-11-07 | 6.58% |
| Reading 30 Year Fixed Rate Refi | 2024-11-07 | 7.43% |
| Reading 15 Year Fixed Rate | 2024-11-07 | 6.2% |
| Reading 15 Year Fixed Rate Refi | 2024-11-07 | 6.02% |
| Reading 30 Year FHA | 2024-11-07 | 6.53% |
| Reading 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Reading 30 Year USDA | 2024-11-07 | 6.48% |
| Reading 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Reading 30 Year VA | 2024-11-07 | 6.44% |
| Reading 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 READING, PA.
READING 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 READING, 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.).
READING Average Closing Costs & Other Stats
READING, PA's 213 lenders originated 8,218
loans during 2023. The total origination value was $1,431,020,000, with an average loan value of
$174,132.
READING's average closing costs are $5,844.
The top READING lender as defined by loan originations is Mortgage America, Inc., with
260 loans originated. Their average total fees are
$6,626, which is $547
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee READING lenders (with over 10 loans originated) are
PENNSYLVANIA STATE EMPLOYEES Credit Union ($3,139), First Commonwealth Federal Credit Union ($3,736), Customers Bank ($3,775), Diamond Credit Union ($4,048) and Tompkins Trust Company ($4,087).
The lowest rate READING lenders (with over 10 loans originated) are
LEBANON (5.13%), DHI MORTGAGE COMPANY, LTD. (5.90%), PENNSYLVANIA STATE EMPLOYEES Credit Union (6.06%), First Commonwealth Federal Credit Union (6.29%) and The Ephrata National Bank (6.30%).
READING, 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 |
|---|---|---|---|---|
| Mortgage America, Inc. | $114,025,000 | $84,015,000 | -26.3% | 5.9% |
| QUICKEN LOANS, LLC | $112,520,000 | $72,260,000 | -35.8% | 5.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $92,585,000 | $63,650,000 | -31.3% | 4.4% |
| Diamond Credit Union | $56,780,000 | $57,095,000 | 0.6% | 4.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $52,355,000 | $50,510,000 | -3.5% | 3.5% |
| Fulton Bank | $61,635,000 | $47,270,000 | -23.3% | 3.3% |
| Citizens Bank | $81,790,000 | $46,975,000 | -42.6% | 3.3% |
| Tompkins Trust Company | $24,265,000 | $41,330,000 | 70.3% | 2.9% |
| Northpointe Bank | $50,265,000 | $41,200,000 | -18.0% | 2.9% |
| GUILD MORTGAGE COMPANY | $33,515,000 | $34,590,000 | 3.2% | 2.4% |
| Univest Bank and Trust Co. | $31,870,000 | $33,950,000 | 6.5% | 2.4% |
| Truist | $44,705,000 | $30,985,000 | -30.7% | 2.2% |
| First National Bank of Pennsylvania | $35,980,000 | $27,730,000 | -22.9% | 1.9% |
| The Ephrata National Bank | $21,660,000 | $24,820,000 | 14.6% | 1.7% |
| MOVEMENT MORTGAGE, LLC | $9,520,000 | $23,835,000 | 150.4% | 1.7% |
| CONTOUR MORTGAGE CORPORATION | $26,240,000 | $19,635,000 | -25.2% | 1.4% |
| Customers Bank | $26,985,000 | $18,160,000 | -32.7% | 1.3% |
| GUARANTEED RATE, INC. | $24,385,000 | $18,135,000 | -25.6% | 1.3% |
| CMG MORTGAGE, INC. | $860,000 | $17,410,000 | 1,924.4% | 1.2% |
| M&T Bank | $24,755,000 | $17,290,000 | -30.2% | 1.2% |
| PENNSYLVANIA STATE EMPLOYEES Credit Union | $18,120,000 | $16,660,000 | -8.1% | 1.2% |
| Wells Fargo Bank | $43,700,000 | $16,385,000 | -62.5% | 1.1% |
| MEMBERS 1ST FEDERAL CREDIT UNION | $19,955,000 | $15,225,000 | -23.7% | 1.1% |
| DHI MORTGAGE COMPANY, LTD. | $3,405,000 | $14,385,000 | 322.5% | 1.0% |
| RIVERFRONT | $6,430,000 | $14,190,000 | 120.7% | 1.0% |
| Fleetwood Bank | $15,640,000 | $14,005,000 | -10.5% | 1.0% |
| Mortgage Research Center, LLC | $24,135,000 | $13,070,000 | -45.8% | 0.9% |
| LOANDEPOT.COM, LLC | $32,365,000 | $12,190,000 | -62.3% | 0.9% |
| BROKER SOLUTIONS, INC. | $11,590,000 | $12,095,000 | 4.4% | 0.8% |
| First Commonwealth Federal Credit Union | $12,745,000 | $11,925,000 | -6.4% | 0.8% |
| UTILITIES EMPLOYEES CREDIT UNION | $15,000,000 | $11,860,000 | -20.9% | 0.8% |
| WALKER & DUNLOP, LLC | $11,565,000 | n/a | 0.8% | |
| AmeriHome Mortgage Company, LLC | $10,540,000 | $11,000,000 | 4.4% | 0.8% |
| Prosperity Home Mortgage, LLC | $10,275,000 | $10,205,000 | -0.7% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $20,390,000 | $10,165,000 | -50.1% | 0.7% |
| BELLCO | $11,495,000 | $9,580,000 | -16.7% | 0.7% |
| Mid Penn Bank | $13,550,000 | $9,275,000 | -31.5% | 0.6% |
| NEWREZ LLC | $11,375,000 | $9,095,000 | -20.0% | 0.6% |
| NFM, INC. | $4,800,000 | $8,855,000 | 84.5% | 0.6% |
| SUCCESS MORTGAGE PARTNERS, INC. | $11,625,000 | $8,600,000 | -26.0% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $20,225,000 | $8,190,000 | -59.5% | 0.6% |
| Homesale Mortgage, LLC | $12,665,000 | $8,080,000 | -36.2% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,685,000 | $8,070,000 | -7.1% | 0.6% |
| Flanagan State Bank | $3,705,000 | $8,005,000 | 116.1% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $19,910,000 | $7,780,000 | -60.9% | 0.5% |
| Penn Community Bank | $430,000 | $7,575,000 | 1,661.6% | 0.5% |
| VISIONS | $11,880,000 | $7,270,000 | -38.8% | 0.5% |
| GUARANTEED RATE AFFINITY, LLC | $7,910,000 | $7,135,000 | -9.8% | 0.5% |
| Paramount Residential Mortgage Group, Inc. | $8,435,000 | $6,775,000 | -19.7% | 0.5% |
| PNC Bank | $11,810,000 | $6,365,000 | -46.1% | 0.4% |
| CITADEL FEDERAL CREDIT UNION | $6,090,000 | $6,085,000 | -0.1% | 0.4% |
| The Victory Bank | $6,535,000 | $5,875,000 | -10.1% | 0.4% |
| PLAZA HOME MORTGAGE, INC. | $3,695,000 | $5,715,000 | 54.7% | 0.4% |
| LEBANON | $6,990,000 | $5,685,000 | -18.7% | 0.4% |
| Flagstar Bank, FSB | $15,930,000 | $5,525,000 | -65.3% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $11,655,000 | $5,285,000 | -54.7% | 0.4% |
| Orrstown Bank | $6,485,000 | $5,195,000 | -19.9% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $8,950,000 | $5,185,000 | -42.1% | 0.4% |
| UNION HOME MORTGAGE CORP. | $9,855,000 | $5,125,000 | -48.0% | 0.4% |
| Discovery Federal Credit Union | $14,150,000 | $4,955,000 | -65.0% | 0.3% |
| EMM LOANS LLC | $7,995,000 | $4,920,000 | -38.5% | 0.3% |
| Citadel Servicing Corporation | $845,000 | $4,895,000 | 479.3% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,575,000 | $4,895,000 | 210.8% | 0.3% |
| Meridian Bank Corporation | $2,620,000 | $4,580,000 | 74.8% | 0.3% |
| KeyBank | $8,095,000 | $4,465,000 | -44.8% | 0.3% |
| Discover Bank | $3,095,000 | $4,255,000 | 37.5% | 0.3% |
| JPMorgan Chase Bank | $11,915,000 | $4,150,000 | -65.2% | 0.3% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $28,905,000 | $4,045,000 | -86.0% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,235,000 | $4,015,000 | 79.6% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $2,650,000 | $3,975,000 | 50.0% | 0.3% |
| PLANET HOME LENDING, LLC | $365,000 | $3,965,000 | 986.3% | 0.3% |
| CARDINAL FINANCIAL | $4,160,000 | $3,955,000 | -4.9% | 0.3% |
| GSF Mortgage Corporation | $420,000 | $3,775,000 | 798.8% | 0.3% |
| AMERICAN HERITAGE FCU | $3,460,000 | $3,745,000 | 8.2% | 0.3% |
| Keystone Funding, Inc. | $3,725,000 | n/a | 0.3% | |
| POLICE & FIRE | $3,550,000 | $3,360,000 | -5.4% | 0.2% |
| State Financial Network, LLC | $4,110,000 | $3,315,000 | -19.3% | 0.2% |
| SUN Federal Credit Union | $2,705,000 | $3,240,000 | 19.8% | 0.2% |
| TD Bank | $4,665,000 | $3,205,000 | -31.3% | 0.2% |
| Gateway First Bank | $8,530,000 | $3,145,000 | -63.1% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $2,225,000 | $3,130,000 | 40.7% | 0.2% |
| The Federal Savings Bank | $1,920,000 | $3,040,000 | 58.3% | 0.2% |
| Bank of America | $6,855,000 | $2,835,000 | -58.6% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $2,705,000 | n/a | 0.2% | |
| Morgan Stanley Private Bank | $2,015,000 | $2,675,000 | 32.8% | 0.2% |
| Figure Lending LLC | $1,535,000 | $2,515,000 | 63.8% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,555,000 | $2,505,000 | -2.0% | 0.2% |
| Carrington Mortgage Services, LLC | $5,185,000 | $2,460,000 | -52.6% | 0.2% |
| TRI COUNTY AREA Federal Credit Union | $4,755,000 | $2,460,000 | -48.3% | 0.2% |
| NATIONS DIRECT MORTGAGE, LLC | $2,445,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $1,310,000 | $2,440,000 | 86.3% | 0.2% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $3,920,000 | $2,385,000 | -39.2% | 0.2% |
| ENVOY MORTGAGE, LTD | $4,145,000 | $2,385,000 | -42.5% | 0.2% |
| ALLIED MORTGAGE GROUP, INC. | $4,110,000 | $2,290,000 | -44.3% | 0.2% |
| Jonestown Bank and Trust Company, of Jonestown, Pennsylvania | $2,065,000 | $2,265,000 | 9.7% | 0.2% |
| First Citizens Community Bank | $3,800,000 | $2,245,000 | -40.9% | 0.2% |
| ARC HOME LLC | $1,900,000 | $2,235,000 | 17.6% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $5,125,000 | $2,195,000 | -57.2% | 0.2% |
| TIDEWATER MORTGAGE SERVICES, INC. | $2,385,000 | $2,150,000 | -9.9% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $1,715,000 | $2,085,000 | 21.6% | 0.1% |
| S&T Bank | $5,535,000 | $2,070,000 | -62.6% | 0.1% |
| MERCK SHARP & DOHME FEDERAL CREDIT UNION | $2,555,000 | $2,055,000 | -19.6% | 0.1% |
| USAA Federal Savings Bank | $5,300,000 | $1,980,000 | -62.6% | 0.1% |
| U.S. Bank | $3,675,000 | $1,955,000 | -46.8% | 0.1% |
| Northwest Bank | $2,375,000 | $1,865,000 | -21.5% | 0.1% |
| BAYSHORE MORTGAGE FUNDING, LLC | $1,750,000 | $1,820,000 | 4.0% | 0.1% |
| GENEVA FINANCIAL, LLC | $2,760,000 | $1,785,000 | -35.3% | 0.1% |
| Provident Bank | $245,000 | $1,775,000 | 624.5% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,030,000 | $1,725,000 | 67.5% | 0.1% |
| PEOPLE FIRST | $1,595,000 | $1,720,000 | 7.8% | 0.1% |
| The Huntington National Bank | $5,095,000 | $1,710,000 | -66.4% | 0.1% |
| PEOPLESBANK, A CODORUS VALLEY COMPANY | $1,615,000 | n/a | 0.1% | |
| MidAtlantic Farm Credit, ACA | $620,000 | $1,605,000 | 158.9% | 0.1% |
| Princeton Mortgage Corporation | $2,235,000 | $1,605,000 | -28.2% | 0.1% |
| Wilmington Savings Fund Society, FSB | $295,000 | $1,600,000 | 442.4% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $4,215,000 | $1,570,000 | -62.8% | 0.1% |
| ACNB Bank | $11,325,000 | $1,550,000 | -86.3% | 0.1% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $4,810,000 | $1,505,000 | -68.7% | 0.1% |
| Plains Commerce Bank | $655,000 | $1,500,000 | 129.0% | 0.1% |
| LENDING CAPITAL GROUP Inc | $2,185,000 | $1,485,000 | -32.0% | 0.1% |
| Phoenixville Federal Bank and Trust | $1,085,000 | $1,480,000 | 36.4% | 0.1% |
| Bank of Bird-in-Hand | $1,120,000 | $1,440,000 | 28.6% | 0.1% |
| TRUMARK FINANCIAL CREDIT UNION | $3,340,000 | $1,435,000 | -57.0% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $1,020,000 | $1,410,000 | 38.2% | 0.1% |
| Coastal Community Bank | $1,380,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $3,335,000 | $1,320,000 | -60.4% | 0.1% |
| Philadelphia Mortgage Advisors, Inc. | $5,215,000 | $1,295,000 | -75.2% | 0.1% |
| Firstrust Savings Bank | $710,000 | $1,280,000 | 80.3% | 0.1% |
| EMBRACE HOME LOANS, INC. | $2,385,000 | $1,275,000 | -46.5% | 0.1% |
| Harleysville Bank | $2,675,000 | $1,240,000 | -53.6% | 0.1% |
| Neighborhood Loans, Inc. | $1,205,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $5,205,000 | $1,200,000 | -76.9% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,850,000 | $1,190,000 | -35.7% | 0.1% |
| First Bank | $505,000 | $1,180,000 | 133.7% | 0.1% |
| Florida Capital Bank | $710,000 | $1,170,000 | 64.8% | 0.1% |
| ESSA Bank & Trust | $2,255,000 | $1,150,000 | -49.0% | 0.1% |
| DIGITAL Federal Credit Union | $225,000 | $1,145,000 | 408.9% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $730,000 | $1,140,000 | 56.2% | 0.1% |
| CIVIC FINANCIAL SERVICES, LLC | $95,000 | $1,125,000 | 1,084.2% | 0.1% |
| Nations Lending Corporation | $2,215,000 | $1,095,000 | -50.6% | 0.1% |
| BETTER MORTGAGE CORPORATION | $5,235,000 | $1,090,000 | -79.2% | 0.1% |
| Embassy Bank For The Lehigh Valley | $1,095,000 | $1,070,000 | -2.3% | 0.1% |
| Equity Prime Mortgage LLC | $2,385,000 | $1,065,000 | -55.3% | 0.1% |
| NexBank | $710,000 | $1,060,000 | 49.3% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $365,000 | $1,050,000 | 187.7% | 0.1% |
| Ambler Savings Bank | $1,880,000 | $1,045,000 | -44.4% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $3,325,000 | $1,045,000 | -68.6% | 0.1% |
| MORTGAGE ACCESS CORP. | $2,565,000 | $1,040,000 | -59.5% | 0.1% |
| New Tripoli Bank | $4,915,000 | $1,025,000 | -79.1% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $1,010,000 | n/a | 0.1% | |
| APCI Federal Credit Union | $1,650,000 | $1,005,000 | -39.1% | 0.1% |
| T2 FINANCIAL LLC | $1,750,000 | $960,000 | -45.1% | 0.1% |
| York Traditions Bank | $935,000 | $955,000 | 2.1% | 0.1% |
| NEW DAY FINANCIAL, LLC | $4,220,000 | $950,000 | -77.5% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $545,000 | $925,000 | 69.7% | 0.1% |
| LENDINGONE, LLC | $755,000 | $915,000 | 21.2% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $4,265,000 | $885,000 | -79.2% | 0.1% |
| PREMIA MORTGAGE, LLC | $1,235,000 | $875,000 | -29.1% | 0.1% |
| Quaint Oak Mortgage, LLC | $715,000 | $870,000 | 21.7% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $125,000 | $855,000 | 584.0% | 0.1% |
| 21ST MORTGAGE CORPORATION | $530,000 | $845,000 | 59.4% | 0.1% |
| EVERETT FINANCIAL, INC. | $3,300,000 | $845,000 | -74.4% | 0.1% |
| The Loan Store, Inc. | $845,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $845,000 | n/a | 0.1% | |
| PHILADELPHIA | $80,000 | $830,000 | 937.5% | 0.1% |
| First Horizon Bank | $820,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $1,115,000 | $805,000 | -27.8% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,075,000 | $800,000 | -25.6% | 0.1% |
| MILEND, INC. | $1,190,000 | $785,000 | -34.0% | 0.1% |
| FIRST CREDIT CORPORATION OF NEW YORK, INC. | $1,540,000 | $780,000 | -49.4% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $740,000 | n/a | 0.1% | |
| Metro City Bank | $725,000 | n/a | 0.1% | |
| ALLENTOWN | $515,000 | $715,000 | 38.8% | 0.0% |
| Bank of England | $4,435,000 | $710,000 | -84.0% | 0.0% |
| CLIFFCO, INC. | $380,000 | $695,000 | 82.9% | 0.0% |
| MICHIGAN MUTUAL, INC. | $1,110,000 | $695,000 | -37.4% | 0.0% |
| The Central Trust Bank | $785,000 | $695,000 | -11.5% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $225,000 | $685,000 | 204.4% | 0.0% |
| Ixonia Bank | $680,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $670,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $145,000 | $670,000 | 362.1% | 0.0% |
| SPRING EQ, LLC | $1,285,000 | $650,000 | -49.4% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $1,555,000 | $635,000 | -59.2% | 0.0% |
| BAY EQUITY LLC | $195,000 | $630,000 | 223.1% | 0.0% |
| OAKTREE FUNDING CORP. | $750,000 | $630,000 | -16.0% | 0.0% |
| PHH Mortgage Corporation | $1,420,000 | $615,000 | -56.7% | 0.0% |
| Ally Bank | $4,125,000 | $600,000 | -85.5% | 0.0% |
| NP, Inc. | $580,000 | $590,000 | 1.7% | 0.0% |
| QNB Bank | $1,595,000 | $585,000 | -63.3% | 0.0% |
| Bethpage Federal Credit Union | $530,000 | $565,000 | 6.6% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $1,605,000 | $565,000 | -64.8% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $1,845,000 | $550,000 | -70.2% | 0.0% |
| BELCO COMMUNITY CREDIT UNION | $1,135,000 | $545,000 | -52.0% | 0.0% |
| HARTFORD FUNDING, LTD. | $145,000 | $545,000 | 275.9% | 0.0% |
| Center City Mortgage and Investments LLC | $750,000 | $540,000 | -28.0% | 0.0% |
| Midwest BankCentre | $535,000 | n/a | 0.0% | |
| American Bank | $740,000 | $530,000 | -28.4% | 0.0% |
| FIRST HERITAGE FINANCIAL, LLC | $1,265,000 | $530,000 | -58.1% | 0.0% |
| NORTHROP GRUMMAN Federal Credit Union | $530,000 | n/a | 0.0% | |
| The Fidelity Deposit and Discount Bank | $2,095,000 | $530,000 | -74.7% | 0.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $515,000 | n/a | 0.0% | |
| Prosper Bank | $515,000 | n/a | 0.0% | |
| Greenbox Loans, Inc. | $505,000 | n/a | 0.0% | |
| Heritage Bank | $505,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $110,000 | $505,000 | 359.1% | 0.0% |
| Ardent Federal Credit Union | $1,190,000 | $490,000 | -58.8% | 0.0% |
| FRANKLIN MINT | $1,045,000 | $490,000 | -53.1% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,340,000 | $490,000 | -63.4% | 0.0% |
| AgFirst Farm Credit Bank | $305,000 | $485,000 | 59.0% | 0.0% |
| GREENWAY MORTGAGE FUNDING CORP. | $485,000 | n/a | 0.0% | |
| Renasant Bank | $485,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $865,000 | $480,000 | -44.5% | 0.0% |
| RESIDENTIAL HOME MORTGAGE CORPORATION | $670,000 | $480,000 | -28.4% | 0.0% |
| MDE Home Loans, LLC | $2,110,000 | $475,000 | -77.5% | 0.0% |
| A&D Mortgage LLC | $820,000 | $465,000 | -43.3% | 0.0% |
| PARAGON HOME LOANS INC. | $460,000 | n/a | 0.0% | |
| DEVELOPER'S MORTGAGE COMPANY | $450,000 | n/a | 0.0% | |
| Valley National Bank | $445,000 | n/a | 0.0% | |
| OCMBC, INC. | $635,000 | $440,000 | -30.7% | 0.0% |
| Peoples Security Bank and Trust Company | $2,355,000 | $435,000 | -81.5% | 0.0% |
| Ballston Spa National Bank | $415,000 | $425,000 | 2.4% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $515,000 | $425,000 | -17.5% | 0.0% |
| The Neffs National Bank | $425,000 | n/a | 0.0% | |
| United Nations Federal Credit Union | $425,000 | n/a | 0.0% | |
| Farmers and Merchants Trust Company of Chambersburg | $1,145,000 | $420,000 | -63.3% | 0.0% |
| First National Bank of America | $610,000 | $420,000 | -31.1% | 0.0% |
| NBKC BANK | $1,705,000 | $420,000 | -75.4% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $185,000 | $410,000 | 121.6% | 0.0% |
| First Savings Bank | $265,000 | $410,000 | 54.7% | 0.0% |
| LOANPAL, LLC | $890,000 | $410,000 | -53.9% | 0.0% |
| CityWorth Mortgage LLC | $405,000 | n/a | 0.0% | |
| RAPID MORTGAGE COMPANY | $1,550,000 | $405,000 | -73.9% | 0.0% |
| GOLD Credit Union | $540,000 | $400,000 | -25.9% | 0.0% |
| Beeline Loans, Inc. | $395,000 | n/a | 0.0% | |
| BMO Harris Bank | $385,000 | n/a | 0.0% | |
| PLUS RELOCATION MORTGAGE, LLC | $385,000 | n/a | 0.0% | |
| Superior Credit Union | $740,000 | $380,000 | -48.6% | 0.0% |
| AmeriServ Financial Bank | $840,000 | $375,000 | -55.4% | 0.0% |
| Northeast Equitable Mortgage, LLC | $685,000 | $375,000 | -45.3% | 0.0% |
| BNC National Bank | $365,000 | n/a | 0.0% | |
| The Union Bank Company | $365,000 | n/a | 0.0% | |
| TOTAL MORTGAGE SERVICES, LLC | $540,000 | $365,000 | -32.4% | 0.0% |
| Citizens & Northern Bank | $125,000 | $350,000 | 180.0% | 0.0% |
| CLEARPATH LENDING | $535,000 | $345,000 | -35.5% | 0.0% |
| Colonial Savings, F.A. | $665,000 | $345,000 | -48.1% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,915,000 | $345,000 | -82.0% | 0.0% |
| MLB RESIDENTIAL LENDING, LLC | $245,000 | $345,000 | 40.8% | 0.0% |
| LEHIGH VALLEY EDUCATORS | $160,000 | $340,000 | 112.5% | 0.0% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $755,000 | $335,000 | -55.6% | 0.0% |
| Magnolia Bank | $600,000 | $335,000 | -44.2% | 0.0% |
| PANORAMA MORTGAGE GROUP, LLC | $335,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $45,000 | $335,000 | 644.4% | 0.0% |
| HERSHEY | $295,000 | $330,000 | 11.9% | 0.0% |
| Bank of Whittier | $325,000 | n/a | 0.0% | |
| First National Bank of Absecon | $325,000 | n/a | 0.0% | |
| Woori America Bank | $325,000 | n/a | 0.0% | |
| Centier Bank | $25,000 | $315,000 | 1,160.0% | 0.0% |
| FEDERATED LENDING CORPORATION | $315,000 | n/a | 0.0% | |
| SOUTHWEST STAGE FUNDING, LLC | $310,000 | n/a | 0.0% | |
| AmRes Corporation | $975,000 | $305,000 | -68.7% | 0.0% |
| First Northern Bank and Trust Company | $340,000 | $305,000 | -10.3% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $3,055,000 | $300,000 | -90.2% | 0.0% |
| Quontic Bank | $185,000 | $295,000 | 59.5% | 0.0% |
| FIRST FINANCIAL OF MARYLAND | $285,000 | n/a | 0.0% | |
| INTERCOASTAL MORTGAGE COMPANY | $285,000 | n/a | 0.0% | |
| Residential Mortgage Solutions, Inc. | $135,000 | $285,000 | 111.1% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $1,515,000 | $285,000 | -81.2% | 0.0% |
| ALLIANT CREDIT UNION | $195,000 | $275,000 | 41.0% | 0.0% |
| NJ LENDERS CORP. | $325,000 | $275,000 | -15.4% | 0.0% |
| CITIZENS EQUITY FIRST | $265,000 | n/a | 0.0% | |
| Deseret First Credit Union | $265,000 | n/a | 0.0% | |
| NATION ONE MORTGAGE CORPORATION | $225,000 | $265,000 | 17.8% | 0.0% |
| SIRVA MORTGAGE, INC. | $265,000 | n/a | 0.0% | |
| United Fidelity Funding Corp. | $265,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $65,000 | $260,000 | 300.0% | 0.0% |
| EVERENCE FEDERAL CREDIT UNION | $555,000 | $255,000 | -54.1% | 0.0% |
| Luxury Mortgage Corp. | $255,000 | n/a | 0.0% | |
| MEMBER FIRST MORTGAGE, LLC | $165,000 | $255,000 | 54.5% | 0.0% |
| PATRIOT | $255,000 | n/a | 0.0% | |
| TOWER | $325,000 | $255,000 | -21.5% | 0.0% |
| SILVER HILL FUNDING, LLC | $230,000 | $250,000 | 8.7% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $770,000 | $245,000 | -68.2% | 0.0% |
| East Coast Capital Corp. | $245,000 | n/a | 0.0% | |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $245,000 | $245,000 | 0.0% | 0.0% |
| SOUTHERN TRUST MORTGAGE, LLC | $245,000 | n/a | 0.0% | |
| WALL STREET MORTGAGE BANKERS, LTD. | $245,000 | n/a | 0.0% | |
| Citibank | $115,000 | $240,000 | 108.7% | 0.0% |
| LOANLEADERS OF AMERICA, INC. | $235,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $235,000 | n/a | 0.0% | |
| FREEDOM CREDIT UNION | $140,000 | $230,000 | 64.3% | 0.0% |
| EQUITY RESOURCES, INC. | $285,000 | $225,000 | -21.1% | 0.0% |
| Huntingdon Valley Bank | $1,030,000 | $225,000 | -78.2% | 0.0% |
| PIKE CREEK MORTGAGE SERVICES, INC. | $225,000 | n/a | 0.0% | |
| Sunflower Bank | $225,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $330,000 | $220,000 | -33.3% | 0.0% |
| Mars Bank | $215,000 | n/a | 0.0% | |
| The Luzerne Bank | $215,000 | n/a | 0.0% | |
| Axos Bank | $465,000 | $205,000 | -55.9% | 0.0% |
| Credence Funding Corporation | $205,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $1,650,000 | $205,000 | -87.6% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $675,000 | $200,000 | -70.4% | 0.0% |
| Signature Federal Credit Union | $455,000 | $200,000 | -56.0% | 0.0% |
| Acre Mortgage and Financial Inc | $1,065,000 | $195,000 | -81.7% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $195,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $615,000 | $195,000 | -68.3% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $205,000 | $195,000 | -4.9% | 0.0% |
| Alcova Mortgage LLC | $185,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $4,020,000 | $185,000 | -95.4% | 0.0% |
| Blue Ridge Bank | $855,000 | $185,000 | -78.4% | 0.0% |
| Citymark Federal Credit Union | $185,000 | n/a | 0.0% | |
| CONSTRUCTIVE LOANS, LLC | $185,000 | n/a | 0.0% | |
| First Federal Bank | $335,000 | $185,000 | -44.8% | 0.0% |
| MCLEAN MORTGAGE CORPORATION | $3,150,000 | $185,000 | -94.1% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $360,000 | $180,000 | -50.0% | 0.0% |
| HOMESPIRE MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| BAY-VALLEY MORTGAGE GROUP | $165,000 | n/a | 0.0% | |
| Columbia Bank | $165,000 | n/a | 0.0% | |
| HighTechLending Inc | $115,000 | $165,000 | 43.5% | 0.0% |
| GTE Federal Credit Union | $155,000 | n/a | 0.0% | |
| THRIVE MORTGAGE, LLC | $245,000 | $155,000 | -36.7% | 0.0% |
| US MORTGAGE CORPORATION | $975,000 | $155,000 | -84.1% | 0.0% |
| Vellum Mortgage, Inc. | $155,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $475,000 | $155,000 | -67.4% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $145,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $115,000 | $125,000 | 8.7% | 0.0% |
| NEXERA HOLDING LLC | $215,000 | $125,000 | -41.9% | 0.0% |
| MidAmerica National Bank | $115,000 | n/a | 0.0% | |
| First Commonwealth Bank | $350,000 | $110,000 | -68.6% | 0.0% |
| Clearview Federal Credit Union | $75,000 | $105,000 | 40.0% | 0.0% |
| Hometown Equity Mortgage, LLC | $340,000 | $105,000 | -69.1% | 0.0% |
| NET | $105,000 | n/a | 0.0% | |
| GREENTREE MORTGAGE COMPANY, L.P. | $555,000 | $95,000 | -82.9% | 0.0% |
| AFFINITY | $795,000 | $90,000 | -88.7% | 0.0% |
| Baxter Credit Union | $75,000 | $85,000 | 13.3% | 0.0% |
| Fifth Third Bank | $610,000 | $85,000 | -86.1% | 0.0% |
| The Camden National Bank | $85,000 | n/a | 0.0% | |
| FIRST HOME MORTGAGE CORPORATION | $75,000 | n/a | 0.0% | |
| HUDSON HERITAGE | $55,000 | n/a | 0.0% | |
| TEACHERS | $55,000 | n/a | 0.0% | |
| BENCHMARK Federal Credit Union | $100,000 | $45,000 | -55.0% | 0.0% |
| Empower Federal Credit Union | $45,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP | $945,000 | $45,000 | -95.2% | 0.0% |
| GENISYS | $375,000 | $35,000 | -90.7% | 0.0% |
| Inspire Federal Credit Union | $35,000 | n/a | 0.0% | |
| CORNING | $25,000 | n/a | 0.0% |
READING's top lender by overall market share is Mortgage America, Inc., with 5.9% market share. In second place, with 5.0%, is QUICKEN LOANS, LLC, having originated $72,260,000 in loans. In third place, with 4.4%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $63,650,000 in loans. In fourth place, with 4.0%, is Diamond Credit Union, having originated $57,095,000 in loans. In fifth place, with 3.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $50,510,000 in loans.
READING, PA Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 17026 | Reading, PA MSA | $720 | $760 | $990 | $1,250 | $1,330 |
| 17067 | Reading, PA MSA | $730 | $780 | $1,010 | $1,280 | $1,360 |
| 17073 | Reading, PA MSA | $760 | $830 | $1,050 | $1,330 | $1,410 |
| 17087 | Reading, PA MSA | $800 | $860 | $1,120 | $1,420 | $1,510 |
| 17555 | Reading, PA MSA | $1,050 | $1,200 | $1,510 | $1,920 | $2,030 |
| 17569 | Reading, PA MSA | $890 | $1,030 | $1,290 | $1,640 | $1,740 |
| 18011 | Reading, PA MSA | $1,170 | $1,340 | $1,700 | $2,170 | $2,290 |
| 18031 | Reading, PA MSA | $1,380 | $1,580 | $2,000 | $2,560 | $2,690 |
| 18041 | Reading, PA MSA | $910 | $1,020 | $1,240 | $1,520 | $1,750 |
| 18056 | Reading, PA MSA | $930 | $1,070 | $1,340 | $1,700 | $1,820 |
| 18062 | Reading, PA MSA | $1,250 | $1,430 | $1,810 | $2,320 | $2,430 |
| 18070 | Reading, PA MSA | $920 | $1,040 | $1,270 | $1,570 | $1,780 |
| 18092 | Reading, PA MSA | $1,090 | $1,240 | $1,570 | $2,010 | $2,110 |
| 19464 | Reading, PA MSA | $930 | $1,040 | $1,260 | $1,530 | $1,780 |
| 19501 | Reading, PA MSA | $770 | $880 | $1,110 | $1,410 | $1,490 |
| 19503 | Reading, PA MSA | $740 | $870 | $1,110 | $1,390 | $1,490 |
| 19504 | Reading, PA MSA | $760 | $880 | $1,090 | $1,350 | $1,490 |
| 19505 | Reading, PA MSA | $830 | $970 | $1,230 | $1,530 | $1,650 |
| 19506 | Reading, PA MSA | $680 | $790 | $1,010 | $1,260 | $1,360 |
| 19507 | Reading, PA MSA | $700 | $760 | $990 | $1,250 | $1,330 |
| 19508 | Reading, PA MSA | $720 | $840 | $1,070 | $1,340 | $1,440 |
| 19510 | Reading, PA MSA | $920 | $1,090 | $1,380 | $1,730 | $1,850 |
| 19511 | Reading, PA MSA | $830 | $970 | $1,240 | $1,550 | $1,670 |
| 19512 | Reading, PA MSA | $750 | $880 | $1,120 | $1,390 | $1,500 |
| 19516 | Reading, PA MSA | $760 | $900 | $1,140 | $1,430 | $1,530 |
| 19518 | Reading, PA MSA | $820 | $960 | $1,220 | $1,530 | $1,640 |
| 19519 | Reading, PA MSA | $790 | $920 | $1,170 | $1,460 | $1,570 |
| 19520 | Reading, PA MSA | $740 | $840 | $1,030 | $1,260 | $1,440 |
| 19522 | Reading, PA MSA | $710 | $830 | $1,060 | $1,330 | $1,420 |
| 19523 | Reading, PA MSA | $730 | $850 | $1,090 | $1,360 | $1,460 |
| 19525 | Reading, PA MSA | $990 | $1,120 | $1,350 | $1,640 | $1,910 |
| 19526 | Reading, PA MSA | $730 | $860 | $1,090 | $1,360 | $1,460 |
| 19529 | Reading, PA MSA | $800 | $930 | $1,180 | $1,500 | $1,590 |
| 19530 | Reading, PA MSA | $770 | $900 | $1,140 | $1,430 | $1,540 |
| 19533 | Reading, PA MSA | $730 | $860 | $1,090 | $1,360 | $1,460 |
| 19534 | Reading, PA MSA | $730 | $860 | $1,090 | $1,360 | $1,460 |
| 19535 | Reading, PA MSA | $830 | $980 | $1,240 | $1,560 | $1,670 |
| 19536 | Reading, PA MSA | $720 | $850 | $1,080 | $1,350 | $1,450 |
| 19538 | Reading, PA MSA | $800 | $930 | $1,180 | $1,480 | $1,590 |
| 19539 | Reading, PA MSA | $940 | $1,100 | $1,400 | $1,760 | $1,890 |
| 19540 | Reading, PA MSA | $720 | $850 | $1,080 | $1,350 | $1,440 |
| 19541 | Reading, PA MSA | $820 | $970 | $1,230 | $1,540 | $1,650 |
| 19542 | Reading, PA MSA | $740 | $860 | $1,090 | $1,370 | $1,470 |
| 19543 | Reading, PA MSA | $810 | $940 | $1,190 | $1,490 | $1,610 |
| 19544 | Reading, PA MSA | $730 | $780 | $1,010 | $1,280 | $1,360 |
| 19545 | Reading, PA MSA | $660 | $780 | $990 | $1,240 | $1,330 |
| 19547 | Reading, PA MSA | $890 | $1,050 | $1,330 | $1,660 | $1,790 |
| 19548 | Reading, PA MSA | $760 | $900 | $1,140 | $1,430 | $1,530 |
| 19550 | Reading, PA MSA | $790 | $870 | $1,120 | $1,410 | $1,510 |
| 19551 | Reading, PA MSA | $710 | $830 | $1,040 | $1,310 | $1,410 |
| 19554 | Reading, PA MSA | $660 | $770 | $980 | $1,230 | $1,320 |
| 19555 | Reading, PA MSA | $720 | $840 | $1,070 | $1,340 | $1,440 |
| 19559 | Reading, PA MSA | $650 | $760 | $970 | $1,210 | $1,300 |
| 19560 | Reading, PA MSA | $920 | $1,090 | $1,380 | $1,730 | $1,850 |
| 19562 | Reading, PA MSA | $720 | $850 | $1,080 | $1,350 | $1,450 |
| 19564 | Reading, PA MSA | $740 | $870 | $1,110 | $1,380 | $1,490 |
| 19565 | Reading, PA MSA | $820 | $960 | $1,220 | $1,530 | $1,640 |
| 19567 | Reading, PA MSA | $800 | $940 | $1,190 | $1,490 | $1,600 |
| 19601 | Reading, PA MSA | $680 | $790 | $1,010 | $1,260 | $1,360 |
| 19602 | Reading, PA MSA | $640 | $750 | $950 | $1,190 | $1,280 |
| 19603 | Reading, PA MSA | $760 | $900 | $1,140 | $1,430 | $1,530 |
| 19604 | Reading, PA MSA | $740 | $870 | $1,100 | $1,380 | $1,480 |
| 19605 | Reading, PA MSA | $790 | $930 | $1,180 | $1,480 | $1,590 |
| 19606 | Reading, PA MSA | $850 | $1,000 | $1,270 | $1,590 | $1,710 |
| 19607 | Reading, PA MSA | $840 | $980 | $1,250 | $1,560 | $1,680 |
| 19608 | Reading, PA MSA | $1,000 | $1,180 | $1,500 | $1,880 | $2,020 |
| 19609 | Reading, PA MSA | $970 | $1,140 | $1,450 | $1,810 | $1,950 |
| 19610 | Reading, PA MSA | $1,030 | $1,210 | $1,540 | $1,930 | $2,070 |
| 19611 | Reading, PA MSA | $690 | $810 | $1,030 | $1,290 | $1,380 |
| 19612 | Reading, PA MSA | $760 | $900 | $1,140 | $1,430 | $1,530 |
2022 Average & Median Rent Data Statistics
READING, PA average 1BR rent: $946, median: $900
READING, PA average 2BR rent: $1,198, median: $1,140
READING, PA average 3BR rent: $1,502, median: $1,430
READING, PA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,995 | $949,755,000 | $237,736 |
| Home Improvement | 1,317 | $100,375,000 | $76,215 |
| Other | 1,061 | $79,865,000 | $75,273 |
| Refi | 924 | $141,140,000 | $152,749 |
| Cash Out Refi | 921 | $159,885,000 | $173,599 |
Reading's most frequently cited loan purpose was Home Purchase, with 3,995 originations. The 2nd most popular reason was Home Improvement, with 1,317 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 3,029 | $621,315,000 | $205,122 |
| 7-8% | 1,708 | $327,030,000 | $191,470 |
| Over 8% | 1,263 | $128,815,000 | $101,991 |
| 5-6% | 1,085 | $224,745,000 | $207,138 |
| <2.5% | 532 | $41,860,000 | $78,684 |
| 3-4% | 171 | $23,275,000 | $136,111 |
| 4-5% | 125 | $19,575,000 | $156,600 |
| 2.5-3% | 13 | $1,685,000 | $129,615 |
During 2023, Reading's most frequently originated rate bucket was 6-7%, with 3,029 originations.
Loan Sizing (READING, PA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 2,867 | $152,815,000 | $53,301 |
| $200k-400k | 2,468 | $672,750,000 | $272,589 |
| $100k-200k | 2,442 | $358,250,000 | $146,704 |
| $400k-600k | 372 | $172,580,000 | $463,925 |
| $600k-1000k | 56 | $39,730,000 | $709,464 |
| $Over $1MM | 13 | $34,895,000 | $2,684,231 |
READING's loan sizing saw the bucket of loans from $100,000 or less with 2,867 originations, totaling $152,815,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,887 | $721,675,000 | $249,974 |
| Under 20% | 1,582 | $68,340,000 | $43,198 |
| 60-80% | 1,500 | $355,280,000 | $236,853 |
| 20-40% | 1,325 | $125,605,000 | $94,796 |
| 40-60% | 667 | $107,855,000 | $161,702 |
| Over 100% | 31 | $9,205,000 | $296,935 |
READING's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,887 originations, totaling $721,675,000 in origination value.