STATE COLLEGE Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in State College averaged
5.27%
for the week of 2022-05-12, compared to the national average of
5.3% for the same period.
The average rate for the prior week (2022-05-05) was
5.44% and
one month ago for the week of 2022-04-07, the
average rate was 4.99%.
State College's average rate one year ago was 3.21%.
For refis of the same type during the week of 2022-05-12, the average rate
was 5.4%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-12 | 5.3% |
| State College 30 Year Fixed Rate | 2022-05-12 | 5.27% |
| State College 30 Year Fixed Rate Refi | 2022-05-12 | 5.4% |
| State College 15 Year Fixed Rate | 2022-05-12 | 4.99% |
| State College 15 Year Fixed Rate Refi | 2022-05-12 | 4.65% |
| State College 30 Year FHA | 2022-05-12 | 5.68% |
| State College 30 Year FHA Refi | 2022-05-12 | 5.36% |
| State College 30 Year USDA | 2022-05-12 | 4.94% |
| State College 30 Year USDA Refi | 2022-05-12 | 5.37% |
| State College 30 Year VA | 2022-05-12 | 5.47% |
| State College 30 Year VA Refi | 2022-05-12 | 4.89% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within STATE COLLEGE, PA.
STATE COLLEGE 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 STATE COLLEGE, 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.).
STATE COLLEGE, PA's 157 lenders originated 4,911
loans during 2021. The total origination value was $1,150,985,000, with an average loan value of
$234,369.
The top STATE COLLEGE lender as defined by loan originations is Citizens Bank, with
204 loans originated. Their average total fees are
$6,613, which is $1,268
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee STATE COLLEGE lenders (with over 10 loans originated) are
PENNSYLVANIA STATE EMPLOYEES Credit Union ($2,891), FREEDOM MORTGAGE CORPORATION ($2,981), First Citizens Community Bank ($3,615), AmeriServ Financial Bank ($3,665) and CALIBER HOME LOANS, INC. ($3,920).
The lowest rate STATE COLLEGE lenders (with over 10 loans originated) are
BETTER MORTGAGE CORPORATION (2.74%), Bank of America (2.75%), AMERISAVE MORTGAGE CORPORATION (2.78%), LOANDEPOT.COM, LLC (2.81%) and Citizens Bank (2.88%).
STATE COLLEGE, 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 |
|---|---|---|---|---|
| Citizens Bank | $89,590,000 | $97,990,000 | 9.4% | 8.5% |
| Kish Bank | $98,920,000 | $84,215,000 | -14.9% | 7.3% |
| QUICKEN LOANS, LLC | $82,910,000 | $67,405,000 | -18.7% | 5.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $33,140,000 | $66,520,000 | 100.7% | 5.8% |
| Northwest Bank | $80,730,000 | $59,320,000 | -26.5% | 5.2% |
| Jersey Shore State Bank | $48,405,000 | $56,270,000 | 16.2% | 4.9% |
| Reliance Savings Bank | $70,545,000 | $55,590,000 | -21.2% | 4.8% |
| First National Bank of Pennsylvania | $37,030,000 | $50,290,000 | 35.8% | 4.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $29,700,000 | $40,365,000 | 35.9% | 3.5% |
| LOANDEPOT.COM, LLC | $13,295,000 | $27,740,000 | 108.6% | 2.4% |
| PNC Bank | $34,360,000 | $26,295,000 | -23.5% | 2.3% |
| FREEDOM MORTGAGE CORPORATION | $21,290,000 | $23,900,000 | 12.3% | 2.1% |
| Wells Fargo Bank | $18,115,000 | $23,150,000 | 27.8% | 2.0% |
| Manufacturers and Traders Trust Company | $28,615,000 | $22,035,000 | -23.0% | 1.9% |
| AmeriServ Financial Bank | $30,580,000 | $17,285,000 | -43.5% | 1.5% |
| CBRE MULTIFAMILY CAPITAL, INC. | $17,255,000 | n/a | 1.5% | |
| BROKER SOLUTIONS, INC. | $3,980,000 | $16,970,000 | 326.4% | 1.5% |
| PENNSYLVANIA STATE EMPLOYEES Credit Union | $17,925,000 | $15,655,000 | -12.7% | 1.4% |
| PENNYMAC LOAN SERVICES, LLC | $4,870,000 | $15,440,000 | 217.0% | 1.3% |
| Penn State Federal Credit Union | $13,675,000 | n/a | 1.2% | |
| HOME POINT FINANCIAL CORPORATION | $14,165,000 | $13,460,000 | -5.0% | 1.2% |
| BETTER MORTGAGE CORPORATION | $7,300,000 | $13,425,000 | 83.9% | 1.2% |
| CALIBER HOME LOANS, INC. | $10,695,000 | $12,650,000 | 18.3% | 1.1% |
| First Citizens Community Bank | $21,435,000 | $12,180,000 | -43.2% | 1.1% |
| CNB Bank | $11,900,000 | $10,825,000 | -9.0% | 0.9% |
| AMERISAVE MORTGAGE CORPORATION | $8,975,000 | $10,590,000 | 18.0% | 0.9% |
| FINANCE OF AMERICA MORTGAGE LLC | $9,940,000 | $9,670,000 | -2.7% | 0.8% |
| MICHIGAN MUTUAL, INC. | $8,205,000 | $9,030,000 | 10.1% | 0.8% |
| First Commonwealth Bank | $7,620,000 | $8,615,000 | 13.1% | 0.7% |
| JPMorgan Chase Bank | $8,060,000 | $8,445,000 | 4.8% | 0.7% |
| Capital One | $9,005,000 | $8,380,000 | -6.9% | 0.7% |
| NEWREZ LLC | $3,540,000 | $8,075,000 | 128.1% | 0.7% |
| HOMESIDE FINANCIAL, LLC | $14,485,000 | $7,175,000 | -50.5% | 0.6% |
| Mortgage Research Center, LLC | $6,265,000 | $6,980,000 | 11.4% | 0.6% |
| Bank of America | $9,855,000 | $6,650,000 | -32.5% | 0.6% |
| The Muncy Bank and Trust Company | $2,505,000 | $6,315,000 | 152.1% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $6,990,000 | $6,250,000 | -10.6% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,150,000 | $6,135,000 | -14.2% | 0.5% |
| Fulton Bank | $5,125,000 | $5,975,000 | 16.6% | 0.5% |
| Altoona First Savings Bank | $185,000 | $5,665,000 | 2,962.2% | 0.5% |
| STEARNS LENDING, LLC | $12,005,000 | $5,650,000 | -52.9% | 0.5% |
| Truist Bank | $8,870,000 | $5,575,000 | -37.1% | 0.5% |
| MEMBER FIRST MORTGAGE, LLC | $5,215,000 | n/a | 0.5% | |
| Flagstar Bank, FSB | $5,585,000 | $5,050,000 | -9.6% | 0.4% |
| First Savings Bank | $3,370,000 | $4,985,000 | 47.9% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $3,345,000 | $4,605,000 | 37.7% | 0.4% |
| USAA Federal Savings Bank | $5,535,000 | $4,425,000 | -20.1% | 0.4% |
| Mifflinburg Bank and Trust Company | $2,810,000 | $4,285,000 | 52.5% | 0.4% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $4,400,000 | $4,150,000 | -5.7% | 0.4% |
| AgChoice Farm Credit ACA | $3,450,000 | $4,090,000 | 18.6% | 0.4% |
| AMERICAN FINANCING CORPORATION | $2,405,000 | $3,925,000 | 63.2% | 0.3% |
| CORNING | $2,605,000 | $3,210,000 | 23.2% | 0.3% |
| Princeton Mortgage Corporation | $3,005,000 | n/a | 0.3% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $4,625,000 | $2,850,000 | -38.4% | 0.2% |
| The Huntington National Bank | $1,715,000 | $2,850,000 | 66.2% | 0.2% |
| Keystone Funding, Inc. | $2,845,000 | n/a | 0.2% | |
| CROSSCOUNTRY MORTGAGE, LLC | $420,000 | $2,565,000 | 510.7% | 0.2% |
| S&T Bank | $2,180,000 | $2,535,000 | 16.3% | 0.2% |
| GUARANTEED RATE, INC. | $745,000 | $2,400,000 | 222.1% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $2,250,000 | n/a | 0.2% | |
| ARC HOME LLC | $4,065,000 | $2,230,000 | -45.1% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $1,735,000 | $2,120,000 | 22.2% | 0.2% |
| Orrstown Bank | $285,000 | $2,055,000 | 621.1% | 0.2% |
| ZILLOW HOME LOANS, LLC | $400,000 | $1,975,000 | 393.8% | 0.2% |
| Strong Home Mortgage, LLC | $385,000 | $1,910,000 | 396.1% | 0.2% |
| Ally Bank | $1,525,000 | $1,810,000 | 18.7% | 0.2% |
| U.S. Bank | $2,405,000 | $1,755,000 | -27.0% | 0.2% |
| TIDEWATER MORTGAGE SERVICES, INC. | $1,825,000 | $1,700,000 | -6.8% | 0.1% |
| VILLAGE CAPITAL & INVESTMENT LLC | $1,540,000 | $1,670,000 | 8.4% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $3,305,000 | $1,640,000 | -50.4% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $2,250,000 | $1,630,000 | -27.6% | 0.1% |
| NEW DAY FINANCIAL, LLC | $2,410,000 | $1,585,000 | -34.2% | 0.1% |
| The Gratz Bank | $6,980,000 | $1,545,000 | -77.9% | 0.1% |
| MEMBERS 1ST FEDERAL CREDIT UNION | $685,000 | $1,475,000 | 115.3% | 0.1% |
| IVY MORTGAGE, INC. | $1,080,000 | $1,470,000 | 36.1% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $520,000 | $1,470,000 | 182.7% | 0.1% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $1,940,000 | $1,440,000 | -25.8% | 0.1% |
| EQUITY RESOURCES, INC. | $640,000 | $1,435,000 | 124.2% | 0.1% |
| BNY Mellon | $4,250,000 | $1,305,000 | -69.3% | 0.1% |
| Community State Bank of Orbisonia | $690,000 | $1,305,000 | 89.1% | 0.1% |
| LOANPAL, LLC | $275,000 | $1,305,000 | 374.5% | 0.1% |
| Carrington Mortgage Services, LLC | $1,285,000 | $1,255,000 | -2.3% | 0.1% |
| North American Savings Bank, F.S.B. | $1,925,000 | $1,210,000 | -37.1% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,460,000 | $1,110,000 | -24.0% | 0.1% |
| Stifel Bank and Trust | $1,045,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $990,000 | $1,035,000 | 4.5% | 0.1% |
| TIAA, FSB | $2,945,000 | $1,025,000 | -65.2% | 0.1% |
| HORIZON Federal Credit Union | $60,000 | $1,010,000 | 1,583.3% | 0.1% |
| York Traditions Bank | $515,000 | $1,010,000 | 96.1% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $970,000 | n/a | 0.1% | |
| Riverview Bank | $6,765,000 | $950,000 | -86.0% | 0.1% |
| The Juniata Valley Bank | $3,855,000 | $935,000 | -75.7% | 0.1% |
| The Federal Savings Bank | $945,000 | $920,000 | -2.6% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $910,000 | n/a | 0.1% | |
| First Horizon Bank | $890,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $5,375,000 | $885,000 | -83.5% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $575,000 | $845,000 | 47.0% | 0.1% |
| MCLEAN MORTGAGE CORPORATION | $830,000 | n/a | 0.1% | |
| Northpointe Bank | $1,075,000 | $790,000 | -26.5% | 0.1% |
| Citizens & Northern Bank | $685,000 | $775,000 | 13.1% | 0.1% |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $765,000 | n/a | 0.1% | |
| Prime Choice Funding Inc. | $730,000 | n/a | 0.1% | |
| KELLER MORTGAGE, LLC | $215,000 | $700,000 | 225.6% | 0.1% |
| FIRST HERITAGE FINANCIAL, LLC | $7,540,000 | $690,000 | -90.8% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $680,000 | n/a | 0.1% | |
| TD Bank | $1,560,000 | $665,000 | -57.4% | 0.1% |
| PennCrest Bank | $1,160,000 | $655,000 | -43.5% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,480,000 | $655,000 | -55.7% | 0.1% |
| INTERNATIONAL CITY MORTGAGE, INC. | $320,000 | $650,000 | 103.1% | 0.1% |
| Northwest Federal Credit Union | $650,000 | n/a | 0.1% | |
| UBS Bank USA | $615,000 | n/a | 0.1% | |
| CHERRY CREEK MORTGAGE, LLC | $610,000 | n/a | 0.1% | |
| POLICE & FIRE | $495,000 | $610,000 | 23.2% | 0.1% |
| Gateway First Bank | $145,000 | $600,000 | 313.8% | 0.1% |
| Low VA Rates, LLC | $755,000 | $600,000 | -20.5% | 0.1% |
| Marriott Employees' Federal Credit Union | $595,000 | n/a | 0.1% | |
| Discover Bank | $390,000 | $590,000 | 51.3% | 0.1% |
| SPRING EQ, LLC | $480,000 | $585,000 | 21.9% | 0.1% |
| Foote Capital Mortgage Company | $580,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $945,000 | $580,000 | -38.6% | 0.1% |
| Metro City Bank | $145,000 | $570,000 | 293.1% | 0.0% |
| Prosper Bank | $560,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $550,000 | n/a | 0.0% | |
| Diamond Credit Union | $385,000 | $545,000 | 41.6% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $285,000 | $545,000 | 91.2% | 0.0% |
| Raymond James Bank | $515,000 | $545,000 | 5.8% | 0.0% |
| EMBRACE HOME LOANS, INC. | $785,000 | $540,000 | -31.2% | 0.0% |
| Meridian Bank Corporation | $540,000 | n/a | 0.0% | |
| BNC National Bank | $525,000 | n/a | 0.0% | |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $515,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $1,895,000 | $510,000 | -73.1% | 0.0% |
| First Federal Bank of the Midwest | $510,000 | n/a | 0.0% | |
| MOVEMENT MORTGAGE, LLC | $540,000 | $510,000 | -5.6% | 0.0% |
| ALLIANT CREDIT UNION | $535,000 | $500,000 | -6.5% | 0.0% |
| Capital Bank | $285,000 | $500,000 | 75.4% | 0.0% |
| Fifth Third Bank | $640,000 | $500,000 | -21.9% | 0.0% |
| Mortgage America, Inc. | $95,000 | $500,000 | 426.3% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $185,000 | $495,000 | 167.6% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,545,000 | $470,000 | -69.6% | 0.0% |
| Arvest Bank | $1,415,000 | $470,000 | -66.8% | 0.0% |
| AMERICAN ADVISORS GROUP | $250,000 | $465,000 | 86.0% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $460,000 | n/a | 0.0% | |
| InterContinental Capital Group, Inc | $945,000 | $460,000 | -51.3% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $145,000 | $420,000 | 189.7% | 0.0% |
| Lakeview Community Capital, LLC | $410,000 | n/a | 0.0% | |
| Charles Schwab Bank, SSB | $490,000 | $405,000 | -17.3% | 0.0% |
| EMM LOANS LLC | $450,000 | $400,000 | -11.1% | 0.0% |
| TRUMARK FINANCIAL CREDIT UNION | $245,000 | $400,000 | 63.3% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $380,000 | n/a | 0.0% | |
| Dollar Bank, Federal Savings Bank | $450,000 | $375,000 | -16.7% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $625,000 | $375,000 | -40.0% | 0.0% |
| TOWNE MORTGAGE COMPANY | $4,355,000 | $375,000 | -91.4% | 0.0% |
| GUILD MORTGAGE COMPANY | $365,000 | n/a | 0.0% | |
| MILLENNIUM FINANCIAL GROUP, INC. | $365,000 | n/a | 0.0% | |
| ACCELERATE MORTGAGE, LLC | $355,000 | n/a | 0.0% | |
| HOME TOWN FUNDING, INC. | $355,000 | n/a | 0.0% | |
| Residential Mortgage Solutions, Inc. | $355,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $680,000 | $340,000 | -50.0% | 0.0% |
| Blue Ridge Bank | $330,000 | n/a | 0.0% | |
| SOFI LENDING CORP. | $1,650,000 | $320,000 | -80.6% | 0.0% |
| FirstBank | $315,000 | n/a | 0.0% | |
| JLB CORPORATION | $305,000 | n/a | 0.0% | |
| The Union Bank Company | $305,000 | n/a | 0.0% | |
| Leader Bank | $295,000 | n/a | 0.0% | |
| RESIDENTIAL MORTGAGE SERVICES, INC. | $2,525,000 | $290,000 | -88.5% | 0.0% |
| AmeriHome Mortgage Company, LLC | $225,000 | $285,000 | 26.7% | 0.0% |
| Santander Bank, N.A. | $135,000 | $285,000 | 111.1% | 0.0% |
| South State Bank | $285,000 | n/a | 0.0% | |
| APOLLO TRUST COMPANY | $275,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $275,000 | n/a | 0.0% | |
| PURDUE FEDERAL CREDIT UNION | $275,000 | n/a | 0.0% | |
| TOWER | $530,000 | $275,000 | -48.1% | 0.0% |
| CLEARPATH LENDING | $955,000 | $265,000 | -72.3% | 0.0% |
| KeyBank | $265,000 | n/a | 0.0% | |
| Magnolia Bank | $470,000 | $265,000 | -43.6% | 0.0% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $265,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $255,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $255,000 | n/a | 0.0% | |
| FNCB Bank | $255,000 | n/a | 0.0% | |
| NJ LENDERS CORP. | $255,000 | n/a | 0.0% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $175,000 | $255,000 | 45.7% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $515,000 | $255,000 | -50.5% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $1,925,000 | $245,000 | -87.3% | 0.0% |
| Boeing Employees Credit Union | $765,000 | $245,000 | -68.0% | 0.0% |
| First Mortgage Solutions, LLC | $245,000 | n/a | 0.0% | |
| Servion, Inc. | $245,000 | n/a | 0.0% | |
| Bankers Trust Company | $235,000 | n/a | 0.0% | |
| First Federal Bank of Kansas City | $175,000 | $235,000 | 34.3% | 0.0% |
| Susquehanna Community Bank | $660,000 | $235,000 | -64.4% | 0.0% |
| TCF National Bank | $55,000 | $235,000 | 327.3% | 0.0% |
| CANOPY MORTGAGE, LLC | $225,000 | n/a | 0.0% | |
| Ottawa Savings Bank | $225,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $225,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $225,000 | n/a | 0.0% | |
| Credence Funding Corporation | $215,000 | n/a | 0.0% | |
| ANDREWS FEDERAL CREDIT UNION | $205,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $375,000 | $205,000 | -45.3% | 0.0% |
| THRIVENT Federal Credit Union | $205,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $205,000 | n/a | 0.0% | |
| UTILITIES EMPLOYEES CREDIT UNION | $205,000 | n/a | 0.0% | |
| Clearview Federal Credit Union | $200,000 | n/a | 0.0% | |
| HOMESPIRE MORTGAGE CORPORATION | $185,000 | $195,000 | 5.4% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $195,000 | n/a | 0.0% | |
| UNION HOME MORTGAGE CORP. | $530,000 | $195,000 | -63.2% | 0.0% |
| AFFINITY | $35,000 | $185,000 | 428.6% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $185,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $45,000 | $185,000 | 311.1% | 0.0% |
| INVESTMENT SAVINGS BANK | $185,000 | n/a | 0.0% | |
| MYCUMORTGAGE, LLC | $235,000 | $185,000 | -21.3% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $75,000 | $185,000 | 146.7% | 0.0% |
| Nations Lending Corporation | $860,000 | $185,000 | -78.5% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $185,000 | n/a | 0.0% | |
| Ameris Bank | $175,000 | n/a | 0.0% | |
| HANSCOM | $175,000 | n/a | 0.0% | |
| Mortgage Network, Inc. | $165,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $1,255,000 | $165,000 | -86.9% | 0.0% |
| Sandy Spring Bank | $165,000 | n/a | 0.0% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $165,000 | n/a | 0.0% | |
| AMERICAN HERITAGE FCU | $145,000 | $155,000 | 6.9% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $165,000 | $155,000 | -6.1% | 0.0% |
| Chicago Mortgage Solutions LLC | $155,000 | n/a | 0.0% | |
| EVERENCE FEDERAL CREDIT UNION | $270,000 | $155,000 | -42.6% | 0.0% |
| Homesale Mortgage, LLC | $105,000 | $155,000 | 47.6% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $235,000 | $155,000 | -34.0% | 0.0% |
| Mid Penn Bank | $1,480,000 | $150,000 | -89.9% | 0.0% |
| Evolve Bank & Trust | $145,000 | n/a | 0.0% | |
| Sail Mortgage Corp. | $145,000 | n/a | 0.0% | |
| SUFFOLK | $145,000 | n/a | 0.0% | |
| Centric Bank | $135,000 | n/a | 0.0% | |
| Huntingdon Valley Bank | $135,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $135,000 | n/a | 0.0% | |
| ALL REVERSE MORTGAGE, INC. | $125,000 | n/a | 0.0% | |
| Bank of England | $235,000 | $115,000 | -51.1% | 0.0% |
| FREEDOM CREDIT UNION | $115,000 | n/a | 0.0% | |
| Union Savings Bank | $115,000 | n/a | 0.0% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $400,000 | $105,000 | -73.8% | 0.0% |
| Plains Commerce Bank | $105,000 | n/a | 0.0% | |
| The Fidelity Deposit and Discount Bank | $420,000 | $105,000 | -75.0% | 0.0% |
| 21ST MORTGAGE CORPORATION | $90,000 | $95,000 | 5.6% | 0.0% |
| The Farmers National Bank of Emlenton | $85,000 | n/a | 0.0% | |
| BELCO COMMUNITY CREDIT UNION | $75,000 | n/a | 0.0% | |
| 1st Summit Bank | $65,000 | n/a | 0.0% | |
| CITADEL FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| First Commonwealth Federal Credit Union | $25,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $25,000 | n/a | 0.0% |
STATE COLLEGE's top lender by overall market share is Citizens Bank, with 8.5% market share. In second place, with 7.3%, is Kish Bank, having originated $84,215,000 in loans. In third place, with 5.9%, is QUICKEN LOANS, LLC, having originated $67,405,000 in loans. In third place, with 5.8%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $66,520,000 in loans. In third place, with 5.2%, is Northwest Bank, having originated $59,320,000 in loans.
STATE COLLEGE, PA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 1,851 | $442,925,000 | $239,290 |
| Home Purchase | 1,686 | $466,360,000 | $276,607 |
| Cash Out Refi | 821 | $186,905,000 | $227,655 |
| Home Improvement | 345 | $32,295,000 | $93,609 |
| Other | 208 | $22,500,000 | $108,173 |
State College's most frequently cited loan purpose was Refi, with 1,851 originations. The 2nd most popular reason was Home Purchase, with 1,686 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 2,027 | $494,695,000 | $244,053 |
| 3-4% | 1,294 | $317,710,000 | $245,526 |
| <2.5% | 1,202 | $276,980,000 | $230,433 |
| 4-5% | 151 | $20,695,000 | $137,053 |
| 5-6% | 39 | $3,105,000 | $79,615 |
| 6-7% | 8 | $400,000 | $50,000 |
| 7-8% | 8 | $450,000 | $56,250 |
| Over 8% | 3 | $95,000 | $31,667 |
During 2021, State College's most frequently originated rate bucket was 2.5-3%, with 2,027 originations.
Loan Sizing (STATE COLLEGE, PA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,025 | $560,085,000 | $276,585 |
| $100k-200k | 1,668 | $250,540,000 | $150,204 |
| $100,000 or less | 759 | $42,855,000 | $56,462 |
| $400k-600k | 370 | $176,230,000 | $476,297 |
| $600k-1000k | 65 | $48,135,000 | $740,538 |
| $Over $1MM | 24 | $73,140,000 | $3,047,500 |
STATE COLLEGE's loan sizing saw the bucket of loans from $200k-400k with 2,025 originations, totaling $560,085,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 1,587 | $434,175,000 | $273,582 |
| 80-100% | 1,374 | $394,330,000 | $286,994 |
| 40-60% | 833 | $180,325,000 | $216,477 |
| 20-40% | 454 | $53,750,000 | $118,392 |
| Under 20% | 328 | $15,340,000 | $46,768 |
| Over 100% | 38 | $16,390,000 | $431,316 |
STATE COLLEGE's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 1,587 originations, totaling $434,175,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - STATE COLLEGE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $242,450 (11.6%) | $319,476 (9.8%) | 0.89 | 220 |
| 2018-02-01 | $259,000 (7.3%) | $340,962 (8.9%) | 0.93 | 234 |
| 2018-03-01 | $299,900 (8.5%) | $367,889 (10.0%) | 1.04 | 268 |
| 2018-04-01 | $307,500 (10.2%) | $383,940 (16.7%) | 1.03 | 272 |
| 2018-05-01 | $292,950 (8.5%) | $375,190 (17.3%) | 0.98 | 305 |
| 2018-06-01 | $315,000 (17.5%) | $384,362 (19.2%) | 1.05 | 324 |
| 2018-07-01 | $295,824 (16.0%) | $368,851 (19.7%) | 0.99 | 315 |
| 2018-08-01 | $271,200 (7.1%) | $360,516 (15.8%) | 0.91 | 301 |
| 2018-09-01 | $267,990 (3.1%) | $346,101 (8.4%) | 0.90 | 316 |
| 2018-10-01 | $262,450 (2.8%) | $338,336 (5.7%) | 0.88 | 314 |
| 2018-11-01 | $254,400 (1.8%) | $332,426 (2.4%) | 0.85 | 303 |
| 2018-12-01 | $239,900 (6.6%) | $322,891 (0.7%) | 0.82 | 257 |
| 2019-01-01 | $255,000 (5.2%) | $313,905 (-1.7%) | 0.88 | 210 |
| 2019-02-01 | $288,000 (11.2%) | $327,492 (-4.0%) | 0.96 | 240 |
| 2019-03-01 | $319,314 (6.5%) | $359,780 (-2.2%) | 1.04 | 279 |
| 2019-04-01 | $337,314 (9.7%) | $393,410 (2.5%) | 1.06 | 301 |
| 2019-05-01 | $328,500 (12.1%) | $397,210 (5.9%) | 1.01 | 305 |
| 2019-06-01 | $325,000 (3.2%) | $379,026 (-1.4%) | 1.00 | 349 |
| 2019-07-01 | $316,000 (6.8%) | $370,763 (0.5%) | 0.98 | 356 |
| 2019-08-01 | $310,957 (14.7%) | $368,952 (2.3%) | 0.98 | 352 |
| 2019-09-01 | $300,200 (12.0%) | $361,210 (4.4%) | 0.95 | 330 |
| 2019-10-01 | $269,950 (2.9%) | $335,756 (-0.8%) | 0.86 | 322 |
| 2019-11-01 | $269,000 (5.7%) | $328,106 (-1.3%) | 0.87 | 298 |
| 2019-12-01 | $252,500 (5.3%) | $317,813 (-1.6%) | 0.84 | 246 |
| 2020-01-01 | $259,950 (1.9%) | $320,498 (2.1%) | 0.87 | 206 |
| 2020-02-01 | $279,900 (-2.8%) | $351,248 (7.3%) | 0.90 | 217 |
| 2020-03-01 | $310,500 (-2.8%) | $372,980 (3.7%) | 0.97 | 260 |
| 2020-04-01 | $319,450 (-5.3%) | $380,291 (-3.3%) | 1.00 | 267 |
| 2020-05-01 | $319,900 (-2.6%) | $377,394 (-5.0%) | 0.97 | 296 |
| 2020-06-01 | $329,450 (1.4%) | $382,140 (0.8%) | 0.96 | 300 |
| 2020-07-01 | $329,000 (4.1%) | $379,770 (2.4%) | 0.94 | 297 |
| 2020-08-01 | $325,000 (4.5%) | $376,876 (2.2%) | 0.93 | 293 |
| 2020-09-01 | $299,700 (-0.2%) | $369,692 (2.4%) | 0.86 | 274 |
| 2020-10-01 | $319,000 (18.2%) | $382,805 (14.0%) | 0.91 | 251 |
| 2020-11-01 | $321,500 (19.5%) | $393,585 (20.0%) | 0.92 | 202 |
| 2020-12-01 | $312,500 (23.8%) | $379,888 (19.5%) | 0.92 | 183 |
| 2021-01-01 | $299,900 (15.4%) | $368,109 (14.9%) | 0.88 | 161 |
| 2021-02-01 | $315,000 (12.5%) | $362,583 (3.2%) | 0.91 | 132 |
| 2021-03-01 | $325,000 (4.7%) | $383,768 (2.9%) | 0.91 | 122 |
| 2021-04-01 | $292,200 (-8.5%) | $374,221 (-1.6%) | 0.79 | 135 |
| 2021-05-01 | $315,000 (-1.5%) | $383,600 (1.6%) | 0.83 | 158 |
| 2021-06-01 | $317,000 (-3.8%) | $390,827 (2.3%) | 0.82 | 164 |
| 2021-07-01 | $325,000 (-1.2%) | $396,732 (4.5%) | 0.84 | 176 |
| 2021-08-01 | $304,900 (-6.2%) | $378,536 (0.4%) | 0.80 | 187 |
| 2021-09-01 | $294,990 (-1.6%) | $368,167 (-0.4%) | 0.78 | 175 |
| 2021-10-01 | $285,000 (-10.7%) | $358,807 (-6.3%) | 0.75 | 176 |
| 2021-11-01 | $287,000 (-10.7%) | $369,033 (-6.2%) | 0.76 | 145 |
| 2021-12-01 | $294,450 (-5.8%) | $357,815 (-5.8%) | 0.79 | 112 |
| 2022-01-01 | $289,000 (-3.6%) | $373,764 (1.5%) | 0.77 | 94 |
| 2022-02-01 | $307,445 (-2.4%) | $430,699 (18.8%) | 0.78 | 82 |
| 2022-03-01 | $324,950 (0.0%) | $418,124 (9.0%) | 0.80 | 101 |
| 2022-04-01 | $339,900 (16.3%) | $428,447 (14.5%) | 0.80 | 118 |
STATE COLLEGE's median listing price for 2022-04-01 was $339,900, a difference of
$47,700
(16.3%) versus the prior year and
$14,950 versus the prior month.
STATE COLLEGE's median listing price comes in at 80% of the national average.
STATE COLLEGE's average listing price for 2022-04-01 was $428,447, a difference of $54,226 (14.5%) versus the prior year and $10,323 versus the prior month.
For the 2022-04-01 period, STATE COLLEGE had 118 MLS listings, a difference of 17 listings (17%) versus the prior month and -17 listings (-13%) versus the prior year.
STATE COLLEGE's median listing price comes in at 80% of the national average.
STATE COLLEGE's average listing price for 2022-04-01 was $428,447, a difference of $54,226 (14.5%) versus the prior year and $10,323 versus the prior month.
For the 2022-04-01 period, STATE COLLEGE had 118 MLS listings, a difference of 17 listings (17%) versus the prior month and -17 listings (-13%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - STATE COLLEGE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 81 days | 1,776 sqft |
| 2018-02-01 | 88 days | 1,827 sqft |
| 2018-03-01 | 61 days | 2,010 sqft |
| 2018-04-01 | 53 days | 2,106 sqft |
| 2018-05-01 | 52 days | 2,086 sqft |
| 2018-06-01 | 58 days | 2,185 sqft |
| 2018-07-01 | 65 days | 2,090 sqft |
| 2018-08-01 | 69 days | 2,134 sqft |
| 2018-09-01 | 74 days | 2,100 sqft |
| 2018-10-01 | 81 days | 2,054 sqft |
| 2018-11-01 | 85 days | 2,006 sqft |
| 2018-12-01 | 86 days | 1,978 sqft |
| 2019-01-01 | 84 days | 1,989 sqft |
| 2019-02-01 | 87 days | 2,050 sqft |
| 2019-03-01 | 92 days | 2,148 sqft |
| 2019-04-01 | 47 days | 2,272 sqft |
| 2019-05-01 | 46 days | 2,299 sqft |
| 2019-06-01 | 56 days | 2,194 sqft |
| 2019-07-01 | 62 days | 2,139 sqft |
| 2019-08-01 | 65 days | 2,130 sqft |
| 2019-09-01 | 67 days | 2,077 sqft |
| 2019-10-01 | 72 days | 1,966 sqft |
| 2019-11-01 | 71 days | 1,862 sqft |
| 2019-12-01 | 83 days | 1,790 sqft |
| 2020-01-01 | 83 days | 1,778 sqft |
| 2020-02-01 | 57 days | 1,849 sqft |
| 2020-03-01 | 39 days | 1,938 sqft |
| 2020-04-01 | 56 days | 1,944 sqft |
| 2020-05-01 | 72 days | 1,944 sqft |
| 2020-06-01 | 67 days | 2,002 sqft |
| 2020-07-01 | 56 days | 1,998 sqft |
| 2020-08-01 | 53 days | 1,963 sqft |
| 2020-09-01 | 57 days | 2,043 sqft |
| 2020-10-01 | 64 days | 2,088 sqft |
| 2020-11-01 | 73 days | 2,100 sqft |
| 2020-12-01 | 79 days | 2,014 sqft |
| 2021-01-01 | 71 days | 1,861 sqft |
| 2021-02-01 | 45 days | 1,860 sqft |
| 2021-03-01 | 48 days | 1,893 sqft |
| 2021-04-01 | 43 days | 1,791 sqft |
| 2021-05-01 | 36 days | 1,854 sqft |
| 2021-06-01 | 44 days | 1,852 sqft |
| 2021-07-01 | 46 days | 1,847 sqft |
| 2021-08-01 | 44 days | 1,901 sqft |
| 2021-09-01 | 52 days | 1,771 sqft |
| 2021-10-01 | 55 days | 1,792 sqft |
| 2021-11-01 | 53 days | 1,782 sqft |
| 2021-12-01 | 65 days | 1,794 sqft |
| 2022-01-01 | 73 days | 1,868 sqft |
| 2022-02-01 | 58 days | 1,922 sqft |
| 2022-03-01 | 34 days | 1,868 sqft |
| 2022-04-01 | 35 days | 1,924 sqft |
STATE COLLEGE's median listing age (time on market) for 2022-04-01 was 35 days.
This
is -19%
shorter
than the same period one year ago.
STATE COLLEGE's median square footage for active listings during the 2022-04-01 period was 1,924 sqft. One year prior, the average listing was 1,791 sqft.
STATE COLLEGE's median square footage for active listings during the 2022-04-01 period was 1,924 sqft. One year prior, the average listing was 1,791 sqft.
