READING Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Reading averaged
5.37%
for the week of 2022-05-19, compared to the national average of
5.25% for the same period.
The average rate for the prior week (2022-05-12) was
5.52% and
one month ago for the week of 2022-04-14, the
average rate was 5.42%.
Reading's average rate one year ago was 3.3%.
For refis of the same type during the week of 2022-05-19, the average rate
was 5.32%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-19 | 5.25% |
| Reading 30 Year Fixed Rate | 2022-05-19 | 5.37% |
| Reading 30 Year Fixed Rate Refi | 2022-05-19 | 5.32% |
| Reading 15 Year Fixed Rate | 2022-05-19 | 5.15% |
| Reading 15 Year Fixed Rate Refi | 2022-05-19 | 4.77% |
| Reading 30 Year FHA | 2022-05-19 | 5.24% |
| Reading 30 Year FHA Refi | 2022-05-19 | 5.13% |
| Reading 30 Year USDA | 2022-05-19 | 5.18% |
| Reading 30 Year USDA Refi | 2022-05-19 | 5.61% |
| Reading 30 Year VA | 2022-05-19 | 5.62% |
| Reading 30 Year VA Refi | 2022-05-19 | 5.28% |
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 lendor, 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, PA's 281 lenders originated 16,029
loans during 2021. The total origination value was $3,057,295,000, with an average loan value of
$190,735.
The top READING lender as defined by loan originations is Mortgage America, Inc., with
516 loans originated. Their average total fees are
$4,055, which is $1,358
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee READING lenders (with over 10 loans originated) are
AMERICAN HERITAGE FCU ($2,638), VISIONS ($2,691), KeyBank ($2,722), PENNSYLVANIA STATE EMPLOYEES Credit Union ($2,736) and AmRes Corporation ($2,927).
The lowest rate READING lenders (with over 10 loans originated) are
PROVIDENT FUNDING ASSOCIATES, L.P. (2.68%), Bank of America (2.76%), BELLCO (2.84%), First National Bank of Pennsylvania (2.91%) and AMERISAVE MORTGAGE CORPORATION (2.92%).
READING, 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $181,795,000 | $238,285,000 | 31.1% | 7.8% |
| Mortgage America, Inc. | $210,950,000 | $176,800,000 | -16.2% | 5.8% |
| Wells Fargo Bank | $56,110,000 | $139,160,000 | 148.0% | 4.6% |
| Fulton Bank | $105,075,000 | $118,590,000 | 12.9% | 3.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $84,045,000 | $116,875,000 | 39.1% | 3.8% |
| Northpointe Bank | $89,135,000 | $96,745,000 | 8.5% | 3.2% |
| Citizens Bank | $62,200,000 | $91,230,000 | 46.7% | 3.0% |
| FREEDOM MORTGAGE CORPORATION | $82,760,000 | $74,485,000 | -10.0% | 2.4% |
| Diamond Credit Union | $54,975,000 | $73,650,000 | 34.0% | 2.4% |
| RESIDENTIAL MORTGAGE SERVICES, INC. | $72,475,000 | $56,720,000 | -21.7% | 1.9% |
| LOANDEPOT.COM, LLC | $25,135,000 | $55,005,000 | 118.8% | 1.8% |
| Santander Bank, N.A. | $71,790,000 | $54,425,000 | -24.2% | 1.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $32,260,000 | $52,520,000 | 62.8% | 1.7% |
| PENNYMAC LOAN SERVICES, LLC | $21,930,000 | $47,815,000 | 118.0% | 1.6% |
| First National Bank of Pennsylvania | $26,225,000 | $44,405,000 | 69.3% | 1.5% |
| VIST Bank | $46,585,000 | $43,530,000 | -6.6% | 1.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $33,580,000 | $41,000,000 | 22.1% | 1.3% |
| GUARANTEED RATE, INC. | $32,090,000 | $39,945,000 | 24.5% | 1.3% |
| Customers Bank | $58,445,000 | $37,560,000 | -35.7% | 1.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $28,770,000 | $35,425,000 | 23.1% | 1.2% |
| Truist Bank | $33,905,000 | $35,355,000 | 4.3% | 1.2% |
| NEWREZ LLC | $25,800,000 | $35,280,000 | 36.7% | 1.2% |
| CALIBER HOME LOANS, INC. | $34,815,000 | $34,405,000 | -1.2% | 1.1% |
| CONTOUR MORTGAGE CORPORATION | $32,250,000 | $28,850,000 | -10.5% | 0.9% |
| HOME POINT FINANCIAL CORPORATION | $20,440,000 | $28,595,000 | 39.9% | 0.9% |
| Manufacturers and Traders Trust Company | $24,170,000 | $28,595,000 | 18.3% | 0.9% |
| Fleetwood Bank | $18,515,000 | $27,470,000 | 48.4% | 0.9% |
| BROKER SOLUTIONS, INC. | $13,700,000 | $24,540,000 | 79.1% | 0.8% |
| Mortgage Research Center, LLC | $20,715,000 | $24,530,000 | 18.4% | 0.8% |
| Univest Bank and Trust Co. | $13,780,000 | $24,455,000 | 77.5% | 0.8% |
| BERKELEY POINT CAPITAL LLC | $24,185,000 | n/a | 0.8% | |
| AMERISAVE MORTGAGE CORPORATION | $14,010,000 | $23,975,000 | 71.1% | 0.8% |
| PENNSYLVANIA STATE EMPLOYEES Credit Union | $20,910,000 | $23,715,000 | 13.4% | 0.8% |
| FINANCE OF AMERICA MORTGAGE LLC | $18,630,000 | $22,690,000 | 21.8% | 0.7% |
| The Ephrata National Bank | $17,280,000 | $22,575,000 | 30.6% | 0.7% |
| Prosperity Home Mortgage, LLC | $3,405,000 | $21,840,000 | 541.4% | 0.7% |
| SUCCESS MORTGAGE PARTNERS, INC. | $16,135,000 | $21,795,000 | 35.1% | 0.7% |
| BELLCO | $10,900,000 | $20,865,000 | 91.4% | 0.7% |
| JPMorgan Chase Bank | $13,080,000 | $20,240,000 | 54.7% | 0.7% |
| MOVEMENT MORTGAGE, LLC | $18,305,000 | $20,005,000 | 9.3% | 0.7% |
| BETTER MORTGAGE CORPORATION | $11,240,000 | $19,395,000 | 72.6% | 0.6% |
| LAKEVIEW LOAN SERVICING, LLC | $6,970,000 | $18,760,000 | 169.2% | 0.6% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $10,940,000 | $17,665,000 | 61.5% | 0.6% |
| Gateway First Bank | $25,140,000 | $17,060,000 | -32.1% | 0.6% |
| AmeriHome Mortgage Company, LLC | $5,935,000 | $16,700,000 | 181.4% | 0.5% |
| Homesale Mortgage, LLC | $14,080,000 | $16,555,000 | 17.6% | 0.5% |
| Bank of America | $12,930,000 | $15,760,000 | 21.9% | 0.5% |
| The Huntington National Bank | $12,050,000 | $15,530,000 | 28.9% | 0.5% |
| UTILITIES EMPLOYEES CREDIT UNION | $8,125,000 | $14,850,000 | 82.8% | 0.5% |
| MEMBERS 1ST FEDERAL CREDIT UNION | $4,630,000 | $14,490,000 | 213.0% | 0.5% |
| ARC HOME LLC | $16,380,000 | $14,060,000 | -14.2% | 0.5% |
| GUILD MORTGAGE COMPANY | $13,815,000 | n/a | 0.5% | |
| KeyBank | $12,015,000 | $13,190,000 | 9.8% | 0.4% |
| VISIONS | $13,125,000 | $12,865,000 | -2.0% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $10,555,000 | $12,225,000 | 15.8% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $9,210,000 | $12,180,000 | 32.2% | 0.4% |
| Carrington Mortgage Services, LLC | $10,360,000 | $11,975,000 | 15.6% | 0.4% |
| Discovery Federal Credit Union | $11,925,000 | n/a | 0.4% | |
| Paramount Residential Mortgage Group, Inc. | $4,450,000 | $11,280,000 | 153.5% | 0.4% |
| Orrstown Bank | $15,705,000 | $11,020,000 | -29.8% | 0.4% |
| CITADEL FEDERAL CREDIT UNION | $7,325,000 | $10,975,000 | 49.8% | 0.4% |
| Keystone Funding, Inc. | $10,450,000 | n/a | 0.3% | |
| First Commonwealth Federal Credit Union | $10,645,000 | $10,060,000 | -5.5% | 0.3% |
| PNC Bank | $9,030,000 | $10,015,000 | 10.9% | 0.3% |
| S&T Bank | $4,285,000 | $9,280,000 | 116.6% | 0.3% |
| ENVOY MORTGAGE, LTD | $7,070,000 | $9,140,000 | 29.3% | 0.3% |
| ALLIED MORTGAGE GROUP, INC. | $10,990,000 | $8,930,000 | -18.7% | 0.3% |
| First Commonwealth Bank | $8,505,000 | n/a | 0.3% | |
| State Financial Network, LLC | $7,195,000 | $8,255,000 | 14.7% | 0.3% |
| GUARANTEED RATE AFFINITY, LLC | $4,010,000 | $8,140,000 | 103.0% | 0.3% |
| InterContinental Capital Group, Inc | $4,040,000 | $8,130,000 | 101.2% | 0.3% |
| Mid Penn Bank | $6,655,000 | $7,985,000 | 20.0% | 0.3% |
| RIVERFRONT | $14,250,000 | $7,845,000 | -44.9% | 0.3% |
| Flanagan State Bank | $4,125,000 | $7,425,000 | 80.0% | 0.2% |
| EMM LOANS LLC | $7,130,000 | $7,155,000 | 0.4% | 0.2% |
| POLICE & FIRE | $6,250,000 | $7,120,000 | 13.9% | 0.2% |
| AMERICAN HERITAGE FCU | $5,260,000 | $7,105,000 | 35.1% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,005,000 | $6,875,000 | 71.7% | 0.2% |
| Meridian Bank Corporation | $8,750,000 | $6,855,000 | -21.7% | 0.2% |
| Philadelphia Mortgage Advisors, Inc. | $6,385,000 | $6,840,000 | 7.1% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $3,475,000 | $6,735,000 | 93.8% | 0.2% |
| NFM, INC. | $4,950,000 | $6,610,000 | 33.5% | 0.2% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,155,000 | $6,310,000 | 446.3% | 0.2% |
| QNB Bank | $1,465,000 | $6,300,000 | 330.0% | 0.2% |
| First Guaranty Mortgage Corporation | $2,390,000 | $6,295,000 | 163.4% | 0.2% |
| Flagstar Bank, FSB | $3,695,000 | $6,095,000 | 65.0% | 0.2% |
| VILLAGE CAPITAL & INVESTMENT LLC | $5,245,000 | $6,055,000 | 15.4% | 0.2% |
| GUARANTY HOME MORTGAGE CORPORATION | $8,395,000 | $6,025,000 | -28.2% | 0.2% |
| BAYSHORE MORTGAGE FUNDING, LLC | $1,905,000 | $6,010,000 | 215.5% | 0.2% |
| TD Bank | $8,495,000 | $5,980,000 | -29.6% | 0.2% |
| LEBANON | $5,350,000 | $5,840,000 | 9.2% | 0.2% |
| AMERICAN FINANCING CORPORATION | $2,595,000 | $5,795,000 | 123.3% | 0.2% |
| Penn Community Bank | $930,000 | $5,760,000 | 519.4% | 0.2% |
| NEW DAY FINANCIAL, LLC | $2,930,000 | $5,615,000 | 91.6% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $6,950,000 | $5,420,000 | -22.0% | 0.2% |
| American Bank | $1,230,000 | $5,190,000 | 322.0% | 0.2% |
| Northwest Bank | $6,805,000 | $5,165,000 | -24.1% | 0.2% |
| UNION HOME MORTGAGE CORP. | $6,055,000 | $4,990,000 | -17.6% | 0.2% |
| The Victory Bank | $6,195,000 | $4,925,000 | -20.5% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $1,660,000 | $4,870,000 | 193.4% | 0.2% |
| SUN Federal Credit Union | $5,320,000 | $4,655,000 | -12.5% | 0.2% |
| EMBRACE HOME LOANS, INC. | $4,480,000 | $4,515,000 | 0.8% | 0.1% |
| USAA Federal Savings Bank | $8,510,000 | $4,515,000 | -46.9% | 0.1% |
| New York Community Bank | $21,375,000 | $4,505,000 | -78.9% | 0.1% |
| Northfield Bank | $4,505,000 | n/a | 0.1% | |
| Advisors Mortgage Group, L.L.C. | $2,680,000 | $4,405,000 | 64.4% | 0.1% |
| The Federal Savings Bank | $1,755,000 | $4,295,000 | 144.7% | 0.1% |
| TRI COUNTY AREA Federal Credit Union | $1,725,000 | $4,280,000 | 148.1% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $8,200,000 | $4,245,000 | -48.2% | 0.1% |
| Firstrust Savings Bank | $5,150,000 | $4,225,000 | -18.0% | 0.1% |
| Presidential Bank, FSB | $3,550,000 | $4,215,000 | 18.7% | 0.1% |
| Blue Ridge Bank | $35,000 | $4,180,000 | 11,842.9% | 0.1% |
| Bank of England | $5,775,000 | $3,855,000 | -33.2% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $4,195,000 | $3,850,000 | -8.2% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $3,915,000 | $3,850,000 | -1.7% | 0.1% |
| Jonestown Bank and Trust Company, of Jonestown, Pennsylvania | $4,755,000 | $3,840,000 | -19.2% | 0.1% |
| TIDEWATER MORTGAGE SERVICES, INC. | $3,575,000 | $3,800,000 | 6.3% | 0.1% |
| Kearny Bank | $3,770,000 | n/a | 0.1% | |
| AmRes Corporation | $2,920,000 | $3,755,000 | 28.6% | 0.1% |
| First Citizens Community Bank | $3,625,000 | $3,695,000 | 1.9% | 0.1% |
| MORTGAGE ACCESS CORP. | $2,265,000 | $3,585,000 | 58.3% | 0.1% |
| Riverview Bank | $8,385,000 | $3,475,000 | -58.6% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $3,905,000 | $3,475,000 | -11.0% | 0.1% |
| CLEARPATH LENDING | $4,115,000 | $3,460,000 | -15.9% | 0.1% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $4,805,000 | $3,215,000 | -33.1% | 0.1% |
| Lakeview Community Capital, LLC | $1,085,000 | $3,190,000 | 194.0% | 0.1% |
| Atlantic Home Loans, Inc. | $3,145,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $690,000 | $3,095,000 | 348.6% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $2,755,000 | $3,050,000 | 10.7% | 0.1% |
| New Tripoli Bank | $6,205,000 | $3,020,000 | -51.3% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $2,195,000 | $2,935,000 | 33.7% | 0.1% |
| MICHIGAN MUTUAL, INC. | $1,080,000 | $2,875,000 | 166.2% | 0.1% |
| Equity Prime Mortgage LLC | $1,590,000 | $2,860,000 | 79.9% | 0.1% |
| FINANCE OF AMERICA COMMERCIAL LLC | $900,000 | $2,700,000 | 200.0% | 0.1% |
| U.S. Bank | $4,055,000 | $2,690,000 | -33.7% | 0.1% |
| Ally Bank | $1,950,000 | $2,575,000 | 32.1% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $2,165,000 | $2,515,000 | 16.2% | 0.1% |
| SOFI LENDING CORP. | $2,080,000 | $2,455,000 | 18.0% | 0.1% |
| Quaint Oak Mortgage, LLC | $2,400,000 | $2,430,000 | 1.3% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $115,000 | $2,395,000 | 1,982.6% | 0.1% |
| FIRST HERITAGE FINANCIAL, LLC | $1,455,000 | $2,360,000 | 62.2% | 0.1% |
| Huntingdon Valley Bank | $3,165,000 | $2,360,000 | -25.4% | 0.1% |
| Embassy Bank For The Lehigh Valley | $2,515,000 | $2,325,000 | -7.6% | 0.1% |
| AgFirst Farm Credit Bank | $1,195,000 | $2,305,000 | 92.9% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,745,000 | $2,270,000 | 30.1% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,190,000 | $2,220,000 | 1.4% | 0.1% |
| SPRING EQ, LLC | $370,000 | $2,190,000 | 491.9% | 0.1% |
| PHH Mortgage Corporation | $2,250,000 | $2,145,000 | -4.7% | 0.1% |
| STEARNS LENDING, LLC | $2,785,000 | $2,120,000 | -23.9% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $2,190,000 | $2,115,000 | -3.4% | 0.1% |
| AmeriServ Financial Bank | $2,160,000 | $2,070,000 | -4.2% | 0.1% |
| GREENTREE MORTGAGE COMPANY, L.P. | $1,555,000 | $2,065,000 | 32.8% | 0.1% |
| T2 FINANCIAL LLC | $2,065,000 | n/a | 0.1% | |
| NBKC BANK | $2,640,000 | $2,060,000 | -22.0% | 0.1% |
| APCI Federal Credit Union | $3,690,000 | $2,055,000 | -44.3% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $2,535,000 | $2,050,000 | -19.1% | 0.1% |
| TRUMARK FINANCIAL CREDIT UNION | $2,355,000 | $1,970,000 | -16.3% | 0.1% |
| LENDING CAPITAL GROUP Inc | $1,095,000 | $1,965,000 | 79.5% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $685,000 | $1,885,000 | 175.2% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $4,650,000 | $1,855,000 | -60.1% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $360,000 | $1,830,000 | 408.3% | 0.1% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $1,715,000 | $1,825,000 | 6.4% | 0.1% |
| ESSA Bank & Trust | $1,705,000 | $1,810,000 | 6.2% | 0.1% |
| UNITED MORTGAGE CORP. | $1,000,000 | $1,790,000 | 79.0% | 0.1% |
| TIAA, FSB | $2,575,000 | $1,780,000 | -30.9% | 0.1% |
| Wilmington Savings Fund Society, FSB | $1,420,000 | $1,780,000 | 25.4% | 0.1% |
| Bank of Bird-in-Hand | $395,000 | $1,755,000 | 344.3% | 0.1% |
| First Federal Bank | $1,700,000 | $1,745,000 | 2.6% | 0.1% |
| NJ LENDERS CORP. | $965,000 | $1,720,000 | 78.2% | 0.1% |
| CMG MORTGAGE, INC. | $1,875,000 | $1,710,000 | -8.8% | 0.1% |
| Princeton Mortgage Corporation | $1,700,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,070,000 | $1,685,000 | 57.5% | 0.1% |
| NP, Inc. | $335,000 | $1,655,000 | 394.0% | 0.1% |
| LENDUS, LLC | $500,000 | $1,635,000 | 227.0% | 0.1% |
| MILEND, INC. | $1,600,000 | $1,630,000 | 1.9% | 0.1% |
| FirstBank | $600,000 | $1,625,000 | 170.8% | 0.1% |
| Quontic Bank | $1,515,000 | n/a | 0.0% | |
| Florida Capital Bank | $5,645,000 | $1,510,000 | -73.3% | 0.0% |
| ALLIANT CREDIT UNION | $285,000 | $1,500,000 | 426.3% | 0.0% |
| FIRST CREDIT CORPORATION OF NEW YORK, INC. | $2,255,000 | $1,495,000 | -33.7% | 0.0% |
| York Traditions Bank | $2,755,000 | $1,490,000 | -45.9% | 0.0% |
| GENEVA FINANCIAL, LLC | $1,540,000 | $1,480,000 | -3.9% | 0.0% |
| MLB RESIDENTIAL LENDING, LLC | $1,760,000 | $1,470,000 | -16.5% | 0.0% |
| Discover Bank | $760,000 | $1,465,000 | 92.8% | 0.0% |
| PLANET HOME LENDING, LLC | $2,195,000 | $1,465,000 | -33.3% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $815,000 | $1,405,000 | 72.4% | 0.0% |
| Nations Lending Corporation | $930,000 | $1,395,000 | 50.0% | 0.0% |
| MidAtlantic Farm Credit, ACA | $1,245,000 | $1,335,000 | 7.2% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $2,670,000 | $1,280,000 | -52.1% | 0.0% |
| DEVELOPER'S MORTGAGE COMPANY | $5,455,000 | $1,270,000 | -76.7% | 0.0% |
| Arvest Bank | $430,000 | $1,245,000 | 189.5% | 0.0% |
| A&D Mortgage LLC | $1,185,000 | n/a | 0.0% | |
| FAMILY FIRST FUNDING LLC | $1,175,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $1,175,000 | n/a | 0.0% | |
| City National Bank | $1,145,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $610,000 | $1,145,000 | 87.7% | 0.0% |
| Peoples Security Bank and Trust Company | $315,000 | $1,135,000 | 260.3% | 0.0% |
| EVERENCE FEDERAL CREDIT UNION | $25,000 | $1,125,000 | 4,400.0% | 0.0% |
| Fifth Third Bank | $145,000 | $1,125,000 | 675.9% | 0.0% |
| INTERCOASTAL MORTGAGE COMPANY | $1,125,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $85,000 | $1,095,000 | 1,188.2% | 0.0% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $865,000 | $1,090,000 | 26.0% | 0.0% |
| Citibank | $120,000 | $1,045,000 | 770.8% | 0.0% |
| Community Bank | $1,005,000 | n/a | 0.0% | |
| TCF National Bank | $15,000 | $1,005,000 | 6,600.0% | 0.0% |
| NBT Bank | $65,000 | $985,000 | 1,415.4% | 0.0% |
| Strong Home Mortgage, LLC | $520,000 | $985,000 | 89.4% | 0.0% |
| North American Savings Bank, F.S.B. | $790,000 | $980,000 | 24.1% | 0.0% |
| Ambler Savings Bank | $2,590,000 | $955,000 | -63.1% | 0.0% |
| Capitol Federal Savings Bank | $950,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $160,000 | $945,000 | 490.6% | 0.0% |
| LOANLEADERS OF AMERICA, INC. | $945,000 | $935,000 | -1.1% | 0.0% |
| First Internet Bank of Indiana | $775,000 | $920,000 | 18.7% | 0.0% |
| Northeast Equitable Mortgage, LLC | $815,000 | $915,000 | 12.3% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $845,000 | $890,000 | 5.3% | 0.0% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $3,275,000 | $890,000 | -72.8% | 0.0% |
| PIKE CREEK MORTGAGE SERVICES, INC. | $155,000 | $880,000 | 467.7% | 0.0% |
| 1ST FINANCIAL, INC. | $215,000 | $875,000 | 307.0% | 0.0% |
| US MORTGAGE CORPORATION | $3,095,000 | $870,000 | -71.9% | 0.0% |
| WESTERN EXPRESS LENDING | $865,000 | n/a | 0.0% | |
| Center City Mortgage and Investments LLC | $515,000 | $855,000 | 66.0% | 0.0% |
| PEOPLE FIRST | $290,000 | $855,000 | 194.8% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $1,510,000 | $845,000 | -44.0% | 0.0% |
| Hometown Equity Mortgage, LLC | $165,000 | $845,000 | 412.1% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $735,000 | $825,000 | 12.2% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $260,000 | $820,000 | 215.4% | 0.0% |
| Chicago Mortgage Solutions LLC | $815,000 | n/a | 0.0% | |
| Superior Credit Union | $215,000 | $800,000 | 272.1% | 0.0% |
| Hometown Lenders, Inc. | $1,535,000 | $785,000 | -48.9% | 0.0% |
| KS StateBank | $375,000 | $780,000 | 108.0% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $1,310,000 | $780,000 | -40.5% | 0.0% |
| Mortgage Network, Inc. | $1,555,000 | $780,000 | -49.8% | 0.0% |
| Summit Mortgage Corporation | $6,580,000 | $780,000 | -88.1% | 0.0% |
| First Resource Bank | $835,000 | $775,000 | -7.2% | 0.0% |
| Harleysville Bank | $605,000 | $775,000 | 28.1% | 0.0% |
| Figure Lending LLC | $530,000 | $770,000 | 45.3% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $1,365,000 | $760,000 | -44.3% | 0.0% |
| FRANKLIN MINT | $145,000 | $740,000 | 410.3% | 0.0% |
| POLARIS HOME FUNDING CORP. | $700,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $865,000 | $700,000 | -19.1% | 0.0% |
| Acre Mortgage and Financial Inc | $685,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $405,000 | $685,000 | 69.1% | 0.0% |
| LOANPAL, LLC | $1,545,000 | $685,000 | -55.7% | 0.0% |
| 21ST MORTGAGE CORPORATION | $680,000 | $665,000 | -2.2% | 0.0% |
| MERCK EMPLOYEES FEDERAL CREDIT UNION | $655,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $95,000 | $635,000 | 568.4% | 0.0% |
| EQUITY RESOURCES, INC. | $210,000 | $630,000 | 200.0% | 0.0% |
| PREMIA MORTGAGE, LLC | $275,000 | $630,000 | 129.1% | 0.0% |
| Evesham Mortgage, LLC | $510,000 | $620,000 | 21.6% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $620,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $390,000 | $610,000 | 56.4% | 0.0% |
| MILLENIUM HOME MORTGAGE, LLC | $605,000 | n/a | 0.0% | |
| Sail Mortgage Corp. | $185,000 | $600,000 | 224.3% | 0.0% |
| UBS Bank USA | $225,000 | $595,000 | 164.4% | 0.0% |
| First National Bank of Omaha | $530,000 | $580,000 | 9.4% | 0.0% |
| Peoples Bank | $360,000 | $580,000 | 61.1% | 0.0% |
| Ukrainian Selfreliance Federal Credit Union | $580,000 | n/a | 0.0% | |
| FIRST HOME MORTGAGE CORPORATION | $750,000 | $570,000 | -24.0% | 0.0% |
| UIF CORPORATION | $570,000 | n/a | 0.0% | |
| PANORAMA MORTGAGE GROUP, LLC | $560,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $300,000 | $555,000 | 85.0% | 0.0% |
| Low VA Rates, LLC | $1,835,000 | $550,000 | -70.0% | 0.0% |
| TOWNE MORTGAGE COMPANY | $1,635,000 | $550,000 | -66.4% | 0.0% |
| GSF Mortgage Corporation | $175,000 | $545,000 | 211.4% | 0.0% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $320,000 | $545,000 | 70.3% | 0.0% |
| Paramount Bank | $545,000 | n/a | 0.0% | |
| NASA Federal Credit Union | $395,000 | $540,000 | 36.7% | 0.0% |
| Capital Bank | $520,000 | n/a | 0.0% | |
| Luxury Mortgage Corp. | $520,000 | n/a | 0.0% | |
| Malvern Bank N.A. | $1,475,000 | $520,000 | -64.7% | 0.0% |
| Colonial Savings, F.A. | $1,040,000 | $515,000 | -50.5% | 0.0% |
| Morgan Stanley Private Bank | $870,000 | $515,000 | -40.8% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $1,020,000 | $510,000 | -50.0% | 0.0% |
| RAPID MORTGAGE COMPANY | $1,620,000 | $500,000 | -69.1% | 0.0% |
| HOMESTEAD FUNDING CORP. | $685,000 | $495,000 | -27.7% | 0.0% |
| APEX HOME LOANS, INC. | $675,000 | $490,000 | -27.4% | 0.0% |
| CORNING | $230,000 | $490,000 | 113.0% | 0.0% |
| First Home Bank | $510,000 | $490,000 | -3.9% | 0.0% |
| PEOPLESBANK, A CODORUS VALLEY COMPANY | $225,000 | $490,000 | 117.8% | 0.0% |
| LEHIGH VALLEY EDUCATORS | $270,000 | $485,000 | 79.6% | 0.0% |
| CANOPY MORTGAGE, LLC | $165,000 | $475,000 | 187.9% | 0.0% |
| JLB CORPORATION | $465,000 | n/a | 0.0% | |
| Metro City Bank | $420,000 | $465,000 | 10.7% | 0.0% |
| Austin Capital Bank SSB | $195,000 | $460,000 | 135.9% | 0.0% |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $450,000 | n/a | 0.0% | |
| Ardent Federal Credit Union | $760,000 | $450,000 | -40.8% | 0.0% |
| FREEDOM CREDIT UNION | $735,000 | $450,000 | -38.8% | 0.0% |
| GREENWOOD | $450,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $330,000 | $450,000 | 36.4% | 0.0% |
| Sandy Spring Bank | $145,000 | $435,000 | 200.0% | 0.0% |
| NATION ONE MORTGAGE CORPORATION | $535,000 | $430,000 | -19.6% | 0.0% |
| SILVER HILL FUNDING, LLC | $430,000 | n/a | 0.0% | |
| ACCELERATE MORTGAGE, LLC | $420,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $215,000 | $420,000 | 95.3% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $395,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $145,000 | $395,000 | 172.4% | 0.0% |
| COLONIAL MORTGAGE SERVICE COMPANY OF AMERICA | $430,000 | $390,000 | -9.3% | 0.0% |
| EVERETT FINANCIAL, INC. | $5,580,000 | $390,000 | -93.0% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $390,000 | n/a | 0.0% | |
| BNC National Bank | $510,000 | $385,000 | -24.5% | 0.0% |
| EQUITY NOW INC. | $385,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $1,530,000 | $385,000 | -74.8% | 0.0% |
| PINNACLE MORTGAGE, INC. | $125,000 | $385,000 | 208.0% | 0.0% |
| SOUTHERN TRUST MORTGAGE, LLC | $385,000 | n/a | 0.0% | |
| FNCB Bank | $475,000 | $370,000 | -22.1% | 0.0% |
| RESIDENTIAL HOME MORTGAGE CORPORATION | $620,000 | $370,000 | -40.3% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $1,130,000 | $370,000 | -67.3% | 0.0% |
| The Fidelity Deposit and Discount Bank | $225,000 | $370,000 | 64.4% | 0.0% |
| Triumph Bank | $950,000 | $365,000 | -61.6% | 0.0% |
| First Horizon Bank | $805,000 | $355,000 | -55.9% | 0.0% |
| Prime Choice Funding Inc. | $195,000 | $345,000 | 76.9% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $340,000 | n/a | 0.0% | |
| Republic Bank & Trust Company | $215,000 | $335,000 | 55.8% | 0.0% |
| Baxter Credit Union | $1,300,000 | $330,000 | -74.6% | 0.0% |
| MMS MORTGAGE SERVICES, LTD. | $215,000 | $330,000 | 53.5% | 0.0% |
| RESIDENTIAL HOME FUNDING CORP. | $195,000 | $330,000 | 69.2% | 0.0% |
| Atlantic Coast Mortgage, LLC | $325,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $320,000 | n/a | 0.0% | |
| TOTAL MORTGAGE SERVICES, LLC | $185,000 | $320,000 | 73.0% | 0.0% |
| Axos Bank | $310,000 | n/a | 0.0% | |
| Centier Bank | $560,000 | $310,000 | -44.6% | 0.0% |
| LENDINGONE, LLC | $310,000 | n/a | 0.0% | |
| Plains Commerce Bank | $660,000 | $310,000 | -53.0% | 0.0% |
| MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION | $305,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $95,000 | $300,000 | 215.8% | 0.0% |
| Phoenixville Federal Bank and Trust | $1,965,000 | $285,000 | -85.5% | 0.0% |
| Northwest Federal Credit Union | $280,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $280,000 | n/a | 0.0% | |
| BOKF | $185,000 | $275,000 | 48.6% | 0.0% |
| Integrity Home Mortgage Corp | $275,000 | n/a | 0.0% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $520,000 | $275,000 | -47.1% | 0.0% |
| STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED | $275,000 | n/a | 0.0% | |
| MCLEAN MORTGAGE CORPORATION | $545,000 | $270,000 | -50.5% | 0.0% |
| Greenbox Loans, Inc. | $265,000 | n/a | 0.0% | |
| OCMBC, INC. | $265,000 | n/a | 0.0% | |
| The Neffs National Bank | $455,000 | $265,000 | -41.8% | 0.0% |
| CBM Mortgage, Inc. | $255,000 | n/a | 0.0% | |
| Kwik Mortgage Corporation | $255,000 | n/a | 0.0% | |
| Republic Bank | $205,000 | $250,000 | 22.0% | 0.0% |
| GuardHill Financial Corp. | $245,000 | n/a | 0.0% | |
| Jim Thorpe Neighborhood Bank | $245,000 | n/a | 0.0% | |
| BM Real Estate Services, Inc. | $295,000 | $235,000 | -20.3% | 0.0% |
| Congressional Bank | $235,000 | n/a | 0.0% | |
| First Savings Bank | $515,000 | $235,000 | -54.4% | 0.0% |
| Magnolia Bank | $235,000 | n/a | 0.0% | |
| GOLD Credit Union | $400,000 | $230,000 | -42.5% | 0.0% |
| Sun East Federal Credit Union | $230,000 | n/a | 0.0% | |
| EVANSVILLE TEACHERS | $690,000 | $225,000 | -67.4% | 0.0% |
| NMSI, INC. | $225,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $225,000 | n/a | 0.0% | |
| 1ST PREFERENCE MORTGAGE CORP. | $455,000 | $215,000 | -52.7% | 0.0% |
| Dollar Bank, Federal Savings Bank | $215,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $215,000 | n/a | 0.0% | |
| LENDERFI, INC. | $1,205,000 | $215,000 | -82.2% | 0.0% |
| Prosper Bank | $215,000 | n/a | 0.0% | |
| Sunflower Bank | $215,000 | n/a | 0.0% | |
| Unity Bank | $330,000 | $215,000 | -34.8% | 0.0% |
| AMWEST FUNDING CORP. | $205,000 | n/a | 0.0% | |
| NUMARK CREDIT UNION | $145,000 | $205,000 | 41.4% | 0.0% |
| PS Bank | $205,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $195,000 | n/a | 0.0% | |
| ERIE FEDERAL CREDIT UNION | $195,000 | n/a | 0.0% | |
| Fidelity Bank | $195,000 | n/a | 0.0% | |
| INLAND BANK & TRUST | $195,000 | n/a | 0.0% | |
| JAMES B. NUTTER & COMPANY | $105,000 | $195,000 | 85.7% | 0.0% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $215,000 | $195,000 | -9.3% | 0.0% |
| THE BRYN MAWR TRUST COMPANY | $760,000 | $195,000 | -74.3% | 0.0% |
| FAY SERVICING, LLC | $105,000 | $185,000 | 76.2% | 0.0% |
| FINANCIAL RESOURCES FEDERAL CREDIT UNION | $185,000 | n/a | 0.0% | |
| LENDING 3, INC. | $185,000 | n/a | 0.0% | |
| First National Bank of America | $155,000 | $180,000 | 16.1% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $175,000 | n/a | 0.0% | |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $445,000 | $175,000 | -60.7% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $185,000 | $175,000 | -5.4% | 0.0% |
| Ballston Spa National Bank | $715,000 | $170,000 | -76.2% | 0.0% |
| Berkshire Bank | $165,000 | n/a | 0.0% | |
| Farmers and Merchants Trust Company of Chambersburg | $165,000 | n/a | 0.0% | |
| Iron Workers Savings Bank | $165,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $165,000 | n/a | 0.0% | |
| Texana Bank | $165,000 | n/a | 0.0% | |
| TOWER | $280,000 | $165,000 | -41.1% | 0.0% |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $165,000 | n/a | 0.0% | |
| East Coast Capital Corp. | $155,000 | n/a | 0.0% | |
| GENERAL ELECTRIC EMPLOYEES FEDERAL CREDIT UNION | $155,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $155,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $820,000 | $145,000 | -82.3% | 0.0% |
| AMERIFIRST FINANCIAL CORPORATION | $145,000 | n/a | 0.0% | |
| Bank-Fund Staff Federal Credit Union | $145,000 | n/a | 0.0% | |
| BENCHMARK Federal Credit Union | $795,000 | $145,000 | -81.8% | 0.0% |
| COMMUNITY FIRST CREDIT UNION OF FLO | $145,000 | n/a | 0.0% | |
| PICATINNY FEDERAL CREDIT UNION | $145,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $460,000 | $145,000 | -68.5% | 0.0% |
| Fairway Consumer Discount Company | $135,000 | n/a | 0.0% | |
| GUIDANCE RESIDENTIAL, LLC | $260,000 | $135,000 | -48.1% | 0.0% |
| MERCK SHARP & DOHME FEDERAL CREDIT UNION | $130,000 | n/a | 0.0% | |
| HERSHEY | $880,000 | $125,000 | -85.8% | 0.0% |
| AMCAP MORTGAGE, LTD. | $115,000 | n/a | 0.0% | |
| Ameris Bank | $115,000 | n/a | 0.0% | |
| SSB Bank | $340,000 | $115,000 | -66.2% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $105,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $335,000 | $105,000 | -68.7% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $155,000 | $105,000 | -32.3% | 0.0% |
| Visio Financial Services Inc. | $210,000 | $105,000 | -50.0% | 0.0% |
| United States Senate Federal Credit Union | $100,000 | n/a | 0.0% | |
| Chartwell Financial, LLC | $210,000 | $95,000 | -54.8% | 0.0% |
| CLIFFCO, INC. | $95,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $95,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $225,000 | $85,000 | -62.2% | 0.0% |
| The Gratz Bank | $595,000 | $75,000 | -87.4% | 0.0% |
| New Cumberland Federal Credit Union | $100,000 | $70,000 | -30.0% | 0.0% |
| BMO Harris Bank | $65,000 | n/a | 0.0% | |
| PARKSIDE LENDING, LLC | $225,000 | $65,000 | -71.1% | 0.0% |
| BELCO COMMUNITY CREDIT UNION | $55,000 | $60,000 | 9.1% | 0.0% |
| American Airlines Federal Credit Union | $55,000 | n/a | 0.0% | |
| Axiom Bank, N.A. | $35,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $35,000 | n/a | 0.0% | |
| ALLEGACY FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $50,000 | $25,000 | -50.0% | 0.0% |
| BHCU | $45,000 | $15,000 | -66.7% | 0.0% |
READING's top lender by overall market share is QUICKEN LOANS, LLC, with 7.8% market share. In second place, with 5.8%, is Mortgage America, Inc., having originated $176,800,000 in loans. In third place, with 4.6%, is Wells Fargo Bank, having originated $139,160,000 in loans. In third place, with 3.9%, is Fulton Bank, having originated $118,590,000 in loans. In third place, with 3.8%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $116,875,000 in loans.
READING, PA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 5,832 | $1,272,090,000 | $218,122 |
| Refi | 5,804 | $1,077,490,000 | $185,646 |
| Cash Out Refi | 2,875 | $586,425,000 | $203,974 |
| Home Improvement | 846 | $64,560,000 | $76,312 |
| Other | 669 | $56,265,000 | $84,103 |
| NA | 3 | $465,000 | $155,000 |
Reading's most frequently cited loan purpose was Home Purchase, with 5,832 originations. The 2nd most popular reason was Refi, with 5,804 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 5,937 | $1,161,595,000 | $195,654 |
| 2.5-3% | 5,861 | $1,174,335,000 | $200,364 |
| <2.5% | 2,471 | $467,945,000 | $189,375 |
| 4-5% | 676 | $79,100,000 | $117,012 |
| 5-6% | 221 | $15,725,000 | $71,154 |
| 6-7% | 107 | $7,505,000 | $70,140 |
| 7-8% | 54 | $3,470,000 | $64,259 |
| Over 8% | 51 | $3,505,000 | $68,725 |
During 2021, Reading's most frequently originated rate bucket was 3-4%, with 5,937 originations.
Loan Sizing (READING, PA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 7,264 | $1,089,440,000 | $149,978 |
| $200k-400k | 5,445 | $1,436,145,000 | $263,755 |
| $100,000 or less | 2,759 | $168,505,000 | $61,075 |
| $400k-600k | 479 | $221,425,000 | $462,265 |
| $600k-1000k | 66 | $48,720,000 | $738,182 |
| $Over $1MM | 16 | $93,060,000 | $5,816,250 |
READING's loan sizing saw the bucket of loans from $100k-200k with 7,264 originations, totaling $1,089,440,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 5,788 | $1,242,230,000 | $214,622 |
| 60-80% | 5,101 | $1,107,975,000 | $217,207 |
| 40-60% | 2,036 | $326,160,000 | $160,196 |
| 20-40% | 1,139 | $109,965,000 | $96,545 |
| Under 20% | 884 | $34,600,000 | $39,140 |
| Over 100% | 105 | $32,245,000 | $307,095 |
READING's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 5,788 originations, totaling $1,242,230,000 in origination value.
