St. Marys Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in St. Marys averaged 7.31% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

The average rate for the prior week (2023-09-07) was 6.85% and one month ago for the week of 2023-08-10, the average rate was 6.79%.

St. Marys's average rate one year ago was 5.62%.

For refis of the same type during the week of 2023-09-14, the average rate was 7.18%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
St. Marys 30 Year Fixed Rate 2023-09-14 7.31%
St. Marys 30 Year Fixed Rate Refi 2023-09-14 7.18%
St. Marys 15 Year Fixed Rate 2023-09-14 6.31%
St. Marys 15 Year Fixed Rate Refi 2023-09-14 6.71%
St. Marys 30 Year FHA 2023-09-14 6.99%
St. Marys 30 Year FHA Refi 2023-09-14 7.09%
St. Marys 30 Year USDA 2023-09-14 6.98%
St. Marys 30 Year USDA Refi 2023-09-14 7.08%
St. Marys 30 Year VA 2023-09-14 6.81%
St. Marys 30 Year VA Refi 2023-09-14 6.91%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within St. Marys, PA.

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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Northwest Bank 27 5.26% $4,282
QUICKEN LOANS, LLC 21 5.61% $5,956
CNB Bank 21 5.04% $4,100
First Commonwealth Bank 16 5.33% $3,738
The Farmers National Bank of Emlenton 8 4.94% $3,258
DRAPER AND KRAMER MORTGAGE CORP. 6 5.15% $3,875
S&T Bank 4 5.22% $4,077
PNC Bank 4 4.25% $4,228
CARDINAL FINANCIAL 2 5.63% $7,112
SOMERSET TRUST COMPANY 2 6.00% $3,756
Mr. Cooper ( Nationstar Mortgage ) 1 4.38% $12,745
NEXTIER BANK, NATIONAL ASSOCIATION 1 5.00% $6,470
NFM, INC. 1 7.00% $6,508
OWNERSCHOICE FUNDING, INCORPORATED 1 5.75% $2,937
PENNSYLVANIA STATE EMPLOYEES Credit Union 1 5.88% $2,530
PLAZA HOME MORTGAGE, INC. 1 3.88% $6,146
RAPID MORTGAGE COMPANY 1 5.63% $6,771
ROYAL UNITED MORTGAGE LLC 1 6.00% $6,104
Santander Bank, N.A. 1 2.75% $2,874
The Federal Savings Bank 1 6.88% $3,848
21ST MORTGAGE CORPORATION 1 5.80% $7,870
Wells Fargo Bank 1 3.38% $3,834
Bank of England 1 7.25% $4,623
BETTER MORTGAGE CORPORATION 1 3.13% $5,396
Citizens Bank 1 6.38% $6,343
Citizens & Northern Bank 1 3.25% $3,371
CORNING 1 4.88% $3,823
CROSSCOUNTRY MORTGAGE, LLC 1 5.58% $5,845
JMAC LENDING, INC. 1 5.13% $2,847
LOANDEPOT.COM, LLC 1 6.13% $4,270
MidAtlantic Farm Credit, ACA 1 5.90% $8,584

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.