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 7.2% for the week of 2024-06-06, compared to the national average of 6.99% for the same period.

The average rate for the prior week (2024-05-30) was 6.84% and one month ago for the week of 2024-05-02, the average rate was 7.03%.

St. Marys's average rate one year ago was 6.7%.

For refis of the same type during the week of 2024-06-06, the average rate was 7.59%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-06 6.99%
St. Marys 30 Year Fixed Rate 2024-06-06 7.2%
St. Marys 30 Year Fixed Rate Refi 2024-06-06 7.59%
St. Marys 15 Year Fixed Rate 2024-06-06 6.09%
St. Marys 15 Year Fixed Rate Refi 2024-06-06 6.19%
St. Marys 30 Year FHA 2024-06-06 6.89%
St. Marys 30 Year FHA Refi 2024-06-06 6.99%
St. Marys 30 Year USDA 2024-06-06 6.9%
St. Marys 30 Year USDA Refi 2024-06-06 6.8%
St. Marys 30 Year VA 2024-06-06 6.59%
St. Marys 30 Year VA Refi 2024-06-06 6.19%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 20 6.87% $6,257
First Commonwealth Bank 20 6.69% $4,815
Northwest Bank 16 6.55% $4,538
CNB Bank 12 6.83% $3,849
PENNYMAC LOAN SERVICES, LLC 4 7.00% $4,761
The Farmers National Bank of Canfield 4 6.84% $5,006
PENNSYLVANIA STATE EMPLOYEES Credit Union 3 6.71% $2,431
S&T Bank 3 6.38% $3,833
CARDINAL FINANCIAL 3 6.75% $5,913
Citizens & Northern Bank 2 7.00% $3,637
First National Bank of Pennsylvania 2 7.25% $3,583
PNC Bank 2 6.38% $4,691
Foote Capital Mortgage Company 1 7.38% $8,577
Mortgage Research Center, LLC 1 6.38% $2,000
MOVEMENT MORTGAGE, LLC 1 7.56% $5,464
Northpointe Bank 1 7.38% $8,761
PLAZA HOME MORTGAGE, INC. 1 6.63% $5,855
PREMIA MORTGAGE, LLC 1 6.50% $0
ROYAL UNITED MORTGAGE LLC 1 6.88% $8,330
TIDEWATER MORTGAGE SERVICES, INC. 1 6.25% $3,697
UNITED WHOLESALE MORTGAGE, LLC 1 7.62% $7,317
AFFORDABLE MORTGAGE ADVISORS, LLC. 1 5.75% $4,170
Univest Bank and Trust Co. 1 6.25% $13,547
AMERICAN FINANCING CORPORATION 1 6.25% $6,442
AMERISAVE MORTGAGE CORPORATION 1 6.88% $8,363
Bank of America 1 7.00% $3,938
Bank of England 1 6.75% $6,207
BROKER SOLUTIONS, INC. 1 7.88% $5,838
CHARTER WEST BANK 1 7.25% $3,565
CMG MORTGAGE, INC. 1 7.00% $3,991
Community Bank 1 6.75% $0
CROSSCOUNTRY MORTGAGE, LLC 1 7.00% $4,842
DRAPER AND KRAMER MORTGAGE CORP. 1 6.50% $4,158
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 8.63% $5,200

St. Marys Average Closing Costs & Other Stats

St. Marys, PA's 34 lenders originated 453 loans during 2023. The total origination value was $46,345,000, with an average loan value of $102,307.

St. Marys's average closing costs are $4,464.

The top St. Marys lender as defined by loan originations is QUICKEN LOANS, LLC, with 20 loans originated. Their average total fees are $6,257, which is $1,443 higher than the next largest lender, First Commonwealth Bank.

The lowest fee St. Marys lenders (with over 10 loans originated) are CNB Bank ($3,849), Northwest Bank ($4,538), First Commonwealth Bank ($4,815), QUICKEN LOANS, LLC ($6,257) and .

The lowest rate St. Marys lenders (with over 10 loans originated) are Northwest Bank (6.55%), First Commonwealth Bank (6.69%), CNB Bank (6.83%), QUICKEN LOANS, LLC (6.87%) 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
CNB Bank $14,905,000 $10,165,000 -31.8% 21.9%
Northwest Bank $10,230,000 $8,270,000 -19.2% 17.8%
First Commonwealth Bank $13,155,000 $7,435,000 -43.5% 16.0%
QUICKEN LOANS, LLC $7,060,000 $5,680,000 -19.5% 12.3%
S&T Bank $3,535,000 $1,485,000 -58.0% 3.2%
PNC Bank $1,835,000 $1,135,000 -38.1% 2.4%
The Farmers National Bank of Canfield $960,000 n/a 2.1%
PENNSYLVANIA STATE EMPLOYEES Credit Union $615,000 $910,000 48.0% 2.0%
Mortgage Research Center, LLC $1,200,000 $660,000 -45.0% 1.4%
PENNYMAC LOAN SERVICES, LLC $220,000 $605,000 175.0% 1.3%
CARDINAL FINANCIAL $520,000 $575,000 10.6% 1.2%
AMERISAVE MORTGAGE CORPORATION $75,000 $485,000 546.7% 1.0%
Equity Prime Mortgage LLC $435,000 n/a 0.9%
BROKER SOLUTIONS, INC. $125,000 $375,000 200.0% 0.8%
MOVEMENT MORTGAGE, LLC $335,000 n/a 0.7%
Citizens & Northern Bank $445,000 $325,000 -27.0% 0.7%
NAVY FEDERAL CREDIT UNION $15,000 $310,000 1,966.7% 0.7%
Univest Bank and Trust Co. $295,000 n/a 0.6%
Jersey Shore State Bank $190,000 $285,000 50.0% 0.6%
NEW DAY FINANCIAL, LLC $65,000 $285,000 338.5% 0.6%
CROSSCOUNTRY MORTGAGE, LLC $290,000 $280,000 -3.4% 0.6%
Flagstar Bank, FSB $110,000 $240,000 118.2% 0.5%
PLAZA HOME MORTGAGE, INC. $460,000 $230,000 -50.0% 0.5%
LIBERTY HOME MORTGAGE CORPORATION $225,000 n/a 0.5%
Foote Capital Mortgage Company $205,000 n/a 0.4%
Northpointe Bank $155,000 $205,000 32.3% 0.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $190,000 n/a 0.4%
LOANDEPOT.COM, LLC $415,000 $185,000 -55.4% 0.4%
Citizens Bank $250,000 $180,000 -28.0% 0.4%
Bank of England $155,000 $175,000 12.9% 0.4%
AMERICAN FINANCING CORPORATION $160,000 n/a 0.3%
First National Bank of Pennsylvania $185,000 $160,000 -13.5% 0.3%
ROYAL UNITED MORTGAGE LLC $330,000 $160,000 -51.5% 0.3%
MidAtlantic Farm Credit, ACA $480,000 $155,000 -67.7% 0.3%
ACADEMY MORTGAGE CORPORATION $125,000 n/a 0.3%
AFFORDABLE MORTGAGE ADVISORS, LLC. $125,000 n/a 0.3%
DRAPER AND KRAMER MORTGAGE CORP. $1,920,000 $125,000 -93.5% 0.3%
FREEDOM MORTGAGE CORPORATION $280,000 $125,000 -55.4% 0.3%
LOANPAL, LLC $125,000 n/a 0.3%
Mars Bank $85,000 $125,000 47.1% 0.3%
Victorian Finance, LLC $125,000 n/a 0.3%
NEWREZ LLC $300,000 $115,000 -61.7% 0.2%
NEXTIER BANK, NATIONAL ASSOCIATION $500,000 $115,000 -77.0% 0.2%
M&T Bank $85,000 $105,000 23.5% 0.2%
UNITED WHOLESALE MORTGAGE, LLC $65,000 $105,000 61.5% 0.2%
Bank of America $95,000 n/a 0.2%
Community Bank $65,000 $85,000 30.8% 0.2%
PENTAGON FEDERAL CREDIT UNION $85,000 n/a 0.2%
PREMIA MORTGAGE, LLC $85,000 n/a 0.2%
TIDEWATER MORTGAGE SERVICES, INC. $85,000 n/a 0.2%
CMG MORTGAGE, INC. $75,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $75,000 n/a 0.2%
SPRING EQ, LLC $75,000 n/a 0.2%
CHARTER WEST BANK $65,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $55,000 $65,000 18.2% 0.1%
Marion Center Bank $210,000 $65,000 -69.0% 0.1%
U.S. Bank $140,000 $65,000 -53.6% 0.1%
Barrington Bank & Trust Company, N.A. $55,000 n/a 0.1%
FIRST HERITAGE FINANCIAL, LLC $55,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $55,000 n/a 0.1%
Discover Bank $45,000 n/a 0.1%
JPMorgan Chase Bank $45,000 n/a 0.1%
RUOFF MORTGAGE COMPANY, INC. $45,000 n/a 0.1%
SOMERSET TRUST COMPANY $675,000 $35,000 -94.8% 0.1%
FREEDOM CREDIT UNION $15,000 n/a 0.0%

St. Marys's top lender by overall market share is CNB Bank, with 21.9% market share. In second place, with 17.8%, is Northwest Bank, having originated $8,270,000 in loans. In third place, with 16.0%, is First Commonwealth Bank, having originated $7,435,000 in loans. In fourth place, with 12.3%, is QUICKEN LOANS, LLC, having originated $5,680,000 in loans. In fifth place, with 3.2%, is S&T Bank, having originated $1,485,000 in loans.

St. Marys, PA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 217 $26,505,000 $122,143
Home Improvement 91 $5,055,000 $55,549
Other 68 $5,900,000 $86,765
Refi 43 $4,645,000 $108,023
Cash Out Refi 34 $4,240,000 $124,706

St. Marys's most frequently cited loan purpose was Home Purchase, with 217 originations. The 2nd most popular reason was Home Improvement, with 91 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 143 $15,935,000 $111,434
7-8% 121 $14,715,000 $121,612
5-6% 84 $8,550,000 $101,786
Over 8% 61 $3,865,000 $63,361
4-5% 18 $1,820,000 $101,111
3-4% 16 $690,000 $43,125
2.5-3% 4 $320,000 $80,000
<2.5% 4 $260,000 $65,000

During 2023, St. Marys's most frequently originated rate bucket was 6-7%, with 143 originations.

Loan Sizing (St. Marys, PA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 278 $15,390,000 $55,360
$100k-200k 133 $17,865,000 $134,323
$200k-400k 35 $9,415,000 $269,000
$400k-600k 5 $2,115,000 $423,000
$600k-1000k 2 $1,560,000 $780,000

St. Marys's loan sizing saw the bucket of loans from $100,000 or less with 278 originations, totaling $15,390,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 160 $21,470,000 $134,188
60-80% 99 $12,935,000 $130,657
20-40% 84 $4,660,000 $55,476
Under 20% 55 $2,135,000 $38,818
40-60% 51 $4,745,000 $93,039
Over 100% 2 $210,000 $105,000

St. Marys's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 160 originations, totaling $21,470,000 in origination value.