St. Marys Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in St. Marys averaged
6.78%
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
6.56% and
one month ago for the week of 2023-02-16, the
average rate was 6.38%.
St. Marys's average rate one year ago was 4.09%.
For refis of the same type during the week of 2023-03-23, the average rate
was 5.7%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-23 | 6.42% |
| St. Marys 30 Year Fixed Rate | 2023-03-23 | 6.78% |
| St. Marys 30 Year Fixed Rate Refi | 2023-03-23 | 5.7% |
| St. Marys 15 Year Fixed Rate | 2023-03-23 | 7.01% |
| St. Marys 15 Year Fixed Rate Refi | 2023-03-23 | 7.06% |
| St. Marys 30 Year FHA | 2023-03-23 | 6.28% |
| St. Marys 30 Year FHA Refi | 2023-03-23 | 6.44% |
| St. Marys 30 Year USDA | 2023-03-23 | 6.16% |
| St. Marys 30 Year VA | 2023-03-23 | 6.01% |
| St. Marys 30 Year VA Refi | 2023-03-23 | 6.06% |
St. Marys 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 St. Marys, 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.).
St. Marys Average Closing Costs & Other Stats
St. Marys, PA's 31 lenders originated 650
loans during 2022. The total origination value was $71,180,000, with an average loan value of
$109,508.
St. Marys's average closing costs are $4,283.
The top St. Marys lender as defined by loan originations is Northwest Bank, with
27 loans originated. Their average total fees are
$4,282, which is $1,674
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee St. Marys lenders (with over 10 loans originated) are
First Commonwealth Bank ($3,738), CNB Bank ($4,100), Northwest Bank ($4,282), QUICKEN LOANS, LLC ($5,956) and .
The lowest rate St. Marys lenders (with over 10 loans originated) are
CNB Bank (5.04%), Northwest Bank (5.26%), First Commonwealth Bank (5.33%), QUICKEN LOANS, LLC (5.61%) and .
St. Marys, 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 |
|---|---|---|---|---|
| CNB Bank | $15,300,000 | $14,905,000 | -2.6% | 20.9% |
| First Commonwealth Bank | $19,125,000 | $13,155,000 | -31.2% | 18.5% |
| Northwest Bank | $13,645,000 | $10,230,000 | -25.0% | 14.4% |
| QUICKEN LOANS, LLC | $11,270,000 | $7,060,000 | -37.4% | 9.9% |
| S&T Bank | $2,070,000 | $3,535,000 | 70.8% | 5.0% |
| The Farmers National Bank of Emlenton | $5,735,000 | $2,905,000 | -49.3% | 4.1% |
| GREYSTONE SERVICING COMPANY LLC | $2,635,000 | n/a | 3.7% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $1,970,000 | $1,920,000 | -2.5% | 2.7% |
| PNC Bank | $1,015,000 | $1,835,000 | 80.8% | 2.6% |
| Mortgage Research Center, LLC | $1,010,000 | $1,200,000 | 18.8% | 1.7% |
| SOMERSET TRUST COMPANY | $675,000 | n/a | 0.9% | |
| PENNSYLVANIA STATE EMPLOYEES Credit Union | $875,000 | $615,000 | -29.7% | 0.9% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $245,000 | $520,000 | 112.2% | 0.7% |
| NEXTIER BANK, NATIONAL ASSOCIATION | $500,000 | n/a | 0.7% | |
| MidAtlantic Farm Credit, ACA | $480,000 | n/a | 0.7% | |
| PLAZA HOME MORTGAGE, INC. | $360,000 | $460,000 | 27.8% | 0.6% |
| Citizens & Northern Bank | $715,000 | $445,000 | -37.8% | 0.6% |
| 21ST MORTGAGE CORPORATION | $125,000 | $430,000 | 244.0% | 0.6% |
| LOANDEPOT.COM, LLC | $195,000 | $415,000 | 112.8% | 0.6% |
| BETTER MORTGAGE CORPORATION | $145,000 | $330,000 | 127.6% | 0.5% |
| ROYAL UNITED MORTGAGE LLC | $180,000 | $330,000 | 83.3% | 0.5% |
| NEWREZ LLC | $450,000 | $300,000 | -33.3% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $105,000 | $290,000 | 176.2% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $875,000 | $280,000 | -68.0% | 0.4% |
| FRICK FINANCIAL FEDERAL CREDIT UNION | $265,000 | n/a | 0.4% | |
| Mr. Cooper ( Nationstar Mortgage ) | $635,000 | $265,000 | -58.3% | 0.4% |
| Citizens Bank | $400,000 | $250,000 | -37.5% | 0.4% |
| Wells Fargo Bank | $670,000 | $245,000 | -63.4% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $240,000 | n/a | 0.3% | |
| PENNYMAC LOAN SERVICES, LLC | $585,000 | $220,000 | -62.4% | 0.3% |
| Marion Center Bank | $210,000 | n/a | 0.3% | |
| Jersey Shore State Bank | $85,000 | $190,000 | 123.5% | 0.3% |
| First National Bank of Pennsylvania | $95,000 | $185,000 | 94.7% | 0.3% |
| CALIBER HOME LOANS, INC. | $175,000 | n/a | 0.2% | |
| CORNING | $165,000 | n/a | 0.2% | |
| Bank of England | $105,000 | $155,000 | 47.6% | 0.2% |
| InFirst Bank | $155,000 | n/a | 0.2% | |
| Northpointe Bank | $155,000 | n/a | 0.2% | |
| NFM, INC. | $145,000 | n/a | 0.2% | |
| OWNERSCHOICE FUNDING, INCORPORATED | $180,000 | $140,000 | -22.2% | 0.2% |
| U.S. Bank | $450,000 | $140,000 | -68.9% | 0.2% |
| JMAC LENDING, INC. | $135,000 | n/a | 0.2% | |
| Mid Penn Bank | $35,000 | $130,000 | 271.4% | 0.2% |
| BROKER SOLUTIONS, INC. | $85,000 | $125,000 | 47.1% | 0.2% |
| Citibank | $125,000 | n/a | 0.2% | |
| PHH Mortgage Corporation | $115,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $110,000 | n/a | 0.2% | |
| EMBRACE HOME LOANS, INC. | $125,000 | $105,000 | -16.0% | 0.1% |
| RAPID MORTGAGE COMPANY | $105,000 | n/a | 0.1% | |
| GUARANTEED RATE, INC. | $95,000 | n/a | 0.1% | |
| Nations Lending Corporation | $95,000 | n/a | 0.1% | |
| Prosper Bank | $95,000 | n/a | 0.1% | |
| ATLANTA POSTAL | $85,000 | n/a | 0.1% | |
| Mars Bank | $85,000 | n/a | 0.1% | |
| M&T Bank | $60,000 | $85,000 | 41.7% | 0.1% |
| The Federal Savings Bank | $85,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $115,000 | $75,000 | -34.8% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $290,000 | $75,000 | -74.1% | 0.1% |
| Community Bank | $65,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $175,000 | $65,000 | -62.9% | 0.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $65,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $55,000 | n/a | 0.1% | |
| State Department Federal Credit Union | $55,000 | n/a | 0.1% | |
| Reliance Savings Bank | $455,000 | $25,000 | -94.5% | 0.0% |
| Santander Bank, N.A. | $25,000 | n/a | 0.0% | |
| NAVY FEDERAL CREDIT UNION | $305,000 | $15,000 | -95.1% | 0.0% |
St. Marys's top lender by overall market share is CNB Bank, with 20.9% market share. In second place, with 18.5%, is First Commonwealth Bank, having originated $13,155,000 in loans. In third place, with 14.4%, is Northwest Bank, having originated $10,230,000 in loans. In fourth place, with 9.9%, is QUICKEN LOANS, LLC, having originated $7,060,000 in loans. In fifth place, with 5.0%, is S&T Bank, having originated $3,535,000 in loans.
St. Marys, PA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 258 | $35,560,000 | $137,829 |
| Refi | 148 | $16,130,000 | $108,986 |
| Home Improvement | 109 | $7,725,000 | $70,872 |
| Other | 76 | $5,090,000 | $66,974 |
| Cash Out Refi | 59 | $6,675,000 | $113,136 |
St. Marys's most frequently cited loan purpose was Home Purchase, with 258 originations. The 2nd most popular reason was Refi, with 148 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 148 | $16,940,000 | $114,459 |
| 4-5% | 135 | $16,555,000 | $122,630 |
| <2.5% | 117 | $8,225,000 | $70,299 |
| 3-4% | 114 | $11,470,000 | $100,614 |
| 6-7% | 53 | $9,505,000 | $179,340 |
| 2.5-3% | 48 | $5,960,000 | $124,167 |
| 7-8% | 26 | $1,860,000 | $71,538 |
| Over 8% | 5 | $275,000 | $55,000 |
During 2022, St. Marys's most frequently originated rate bucket was 5-6%, with 148 originations.
Loan Sizing (St. Marys, PA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 372 | $20,320,000 | $54,624 |
| $100k-200k | 213 | $28,765,000 | $135,047 |
| $200k-400k | 54 | $14,010,000 | $259,444 |
| $400k-600k | 7 | $3,005,000 | $429,286 |
| $600k-1000k | 3 | $2,445,000 | $815,000 |
| $Over $1MM | 1 | $2,635,000 | $2,635,000 |
St. Marys's loan sizing saw the bucket of loans from $100,000 or less with 372 originations, totaling $20,320,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 239 | $32,445,000 | $135,753 |
| 60-80% | 149 | $21,455,000 | $143,993 |
| 20-40% | 110 | $7,300,000 | $66,364 |
| 40-60% | 82 | $7,270,000 | $88,659 |
| Under 20% | 64 | $1,980,000 | $30,938 |
| Over 100% | 2 | $340,000 | $170,000 |
St. Marys's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 239 originations, totaling $32,445,000 in origination value.