STATE COLLEGE Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in State College averaged 6.85% for the week of 2022-11-23, compared to the national average of 6.58% for the same period.

The average rate for the prior week (2022-11-17) was 6.58% and one month ago for the week of 2022-10-20, the average rate was 7.21%.

State College's average rate one year ago was 3.05%.

For refis of the same type during the week of 2022-11-23, the average rate was 6.38%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-11-23 6.58%
State College 30 Year Fixed Rate 2022-11-23 6.85%
State College 30 Year Fixed Rate Refi 2022-11-23 6.38%
State College 15 Year Fixed Rate 2022-11-23 6.51%
State College 15 Year Fixed Rate Refi 2022-11-23 6.07%
State College 30 Year FHA 2022-11-23 0.12%
State College 30 Year FHA Refi 2022-11-23 -0.3%
State College 30 Year USDA 2022-11-23 -0.06%
State College 30 Year USDA Refi 2022-11-23 -0.13%
State College 30 Year VA 2022-11-23 0.41%
State College 30 Year VA Refi 2022-11-23 -0.07%
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 lender, 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Citizens Bank 204 2.88% $6,613
UNITED WHOLESALE MORTGAGE, LLC 152 2.91% $5,345
QUICKEN LOANS, LLC 138 3.03% $5,421
Kish Bank 137 2.99% $4,224
Northwest Bank 99 2.92% $4,815
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 97 3.12% $5,113
Reliance Savings Bank 66 2.93% $4,280
First National Bank of Pennsylvania 57 2.95% $4,674
LOANDEPOT.COM, LLC 51 2.81% $7,131
AmeriServ Financial Bank 41 2.94% $3,665
Wells Fargo Bank 40 3.06% $3,984
BETTER MORTGAGE CORPORATION 31 2.74% $4,088
CALIBER HOME LOANS, INC. 29 3.11% $3,920
M&T Bank 28 3.06% $5,116
MICHIGAN MUTUAL, INC. 27 3.04% $6,666
BROKER SOLUTIONS, INC. 27 2.91% $5,190
PENNSYLVANIA STATE EMPLOYEES Credit Union 26 3.10% $2,891
PNC Bank 25 3.05% $4,343
PENNYMAC LOAN SERVICES, LLC 24 3.07% $4,761
First Citizens Community Bank 24 3.21% $3,615
Jersey Shore State Bank 22 3.12% $4,520
AMERISAVE MORTGAGE CORPORATION 22 2.78% $6,120
JPMorgan Chase Bank 19 3.00% $4,817
HOMESIDE FINANCIAL, LLC 19 3.32% $6,092
HOME POINT FINANCIAL CORPORATION 18 3.10% $5,342
FINANCE OF AMERICA MORTGAGE LLC 17 3.21% $6,952
STEARNS LENDING, LLC 15 3.07% $5,454
NEWREZ LLC 13 3.17% $4,203
First Savings Bank 13 2.88% $4,931
Bank of America 11 2.75% $4,792
Mr. Cooper ( Nationstar Mortgage ) 10 3.16% $5,189
FREEDOM MORTGAGE CORPORATION 10 3.11% $2,981
NAVY FEDERAL CREDIT UNION 10 3.11% $6,013
MEMBER FIRST MORTGAGE, LLC 10 3.44% $5,078
Truist 9 2.94% $4,812
First Commonwealth Bank 9 3.01% $4,012
CNB Bank 8 2.89% $5,454
AMERICAN FINANCING CORPORATION 8 3.16% $7,595
Princeton Mortgage Corporation 7 3.20% $8,565
Keystone Funding, Inc. 7 2.91% $5,601
CROSSCOUNTRY MORTGAGE, LLC 7 3.20% $4,501
Flagstar Bank, FSB 6 3.04% $4,181
CORNING 6 2.92% $5,359
GUARANTEED RATE, INC. 6 3.06% $3,910
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 6 2.85% $7,183
The Huntington National Bank 6 3.05% $6,657
EQUITY RESOURCES, INC. 5 2.85% $7,005
ZILLOW HOME LOANS, LLC 5 2.93% $4,552
Fulton Bank 5 3.23% $4,375
PROVIDENT FUNDING ASSOCIATES, L.P. 5 2.83% $3,929
MCLEAN MORTGAGE CORPORATION 4 3.16% $3,835
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.13% $3,872
Strong Home Mortgage, LLC 4 3.00% $4,128
AFFORDABLE MORTGAGE ADVISORS, LLC. 3 3.00% $3,876
Ally Bank 3 2.92% $4,917
Carrington Mortgage Services, LLC 3 3.29% $4,721
Century Mortgage Company DBA Century Lending Company 3 2.83% $7,355
MEMBERS 1ST FEDERAL CREDIT UNION 3 3.38% $3,868
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.04% $3,582
The Muncy Bank and Trust Company 3 2.92% $4,134
Wyndham Capital Mortgage, Inc. 3 2.99% $2,945
York Traditions Bank 3 3.25% $3,770
Northpointe Bank 2 3.25% $5,638
EMM LOANS LLC 2 2.93% $4,224
Northwest Federal Credit Union 2 2.75% $3,755
NORWICH COMMERCIAL GROUP, INC. 2 3.50% $6,191
LOANPAL, LLC 2 2.75% $5,485
Third Federal Savings and Loan Association of Cleveland 2 2.69% $295
Mortgage America, Inc. 2 3.50% $4,275
ROYAL UNITED MORTGAGE LLC 2 3.06% $8,324
FIRST HERITAGE FINANCIAL, LLC 2 3.15% $3,222
INTERNATIONAL CITY MORTGAGE, INC. 2 3.00% $6,095
Citizens & Northern Bank 2 2.69% $7,319
Discover Bank 2 4.70% $0
SPRING EQ, LLC 2 2.88% $5,316
AMERICAN FEDERAL MORTGAGE CORPORATION 2 3.25% $3,993
IVY MORTGAGE, INC. 2 2.69% $4,191
U.S. Bank 2 2.81% $4,574
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.75% $11,625
Meridian Bank Corporation 2 3.06% $4,958
Gateway First Bank 2 3.19% $4,501
HORIZON Federal Credit Union 2 3.44% $5,572
SUCCESS MORTGAGE PARTNERS, INC. 2 3.19% $4,132
Prosperity Home Mortgage, LLC 2 2.94% $4,149
Mortgage Network, Inc. 1 2.88% $4,055
Mortgage Research Center, LLC 1 3.38% $4,266
CHERRY CREEK MORTGAGE, LLC 1 3.25% $198
ALLIED MORTGAGE GROUP, INC. 1 3.25% $3,834
Nations Lending Corporation 1 3.13% $8,908
Charles Schwab Bank, SSB 1 2.63% $8,480
CANOPY MORTGAGE, LLC 1 2.88% $3,042
BNY Mellon 1 2.88% $8,438
Ottawa Savings Bank 1 3.25% $4,093
BNC National Bank 1 2.63% $6,893
Blue Ridge Bank 1 3.63% $9,175
PENTAGON FEDERAL CREDIT UNION 1 2.25% $11,775
Plains Commerce Bank 1 2.75% $4,427
Barrington Bank & Trust Company, N.A. 1 3.13% $4,477
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.99% $8,635
Prime Choice Funding Inc. 1 3.50% $6,224
Bank of England 1 3.00% $5,469
Bankers Trust Company 1 2.75% $3,067
Arvest Bank 1 3.38% $5,060
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.88% $3,943
Raymond James Bank 1 3.00% $5,097
RELIANCE FIRST CAPITAL, LLC 1 3.88% $5,718
Ameris Bank 1 3.50% $3,495
RESIDENTIAL MORTGAGE SERVICES, INC. 1 2.63% $3,894
Sail Mortgage Corp. 1 3.00% $3,938
Sandy Spring Bank 1 2.50% $3,384
Servion, Inc. 1 2.75% $5,932
South State Bank 1 3.63% $5,316
S&T Bank 1 3.00% $5,768
AmeriHome Mortgage Company, LLC 1 3.13% $3,701
Stifel Bank and Trust 1 2.88% $8,059
AMERICAN INTERNET MORTGAGE, INC. 1 2.75% $3,423
SWBC MORTGAGE CORPORATION 1 2.88% $4,385
TCF National Bank 1 3.00% $3,861
TD Bank 1 2.88% $5,035
AMERICAN HERITAGE FCU 1 3.00% $4,172
AgChoice Farm Credit ACA 1 3.25% $6,050
The Union Bank Company 1 2.50% $3,750
THRIVENT Federal Credit Union 1 3.38% $6,322
TIAA, FSB 1 2.75% $4,083
TIDEWATER MORTGAGE SERVICES, INC. 1 2.88% $5,233
TOWNE MORTGAGE COMPANY 1 3.25% $5,673
AMERICAN FINANCIAL NETWORK, INC. 1 3.50% $3,882
TRUMARK FINANCIAL CREDIT UNION 1 2.25% $4,573
UBS Bank USA 1 2.38% $6,399
USAA Federal Savings Bank 1 3.13% $3,011
UTILITIES EMPLOYEES CREDIT UNION 1 2.99% $3,956
FREEDOM CREDIT UNION 1 3.13% $3,574
GUARANTEED RATE AFFINITY, LLC 1 2.99% $9,374
Foote Capital Mortgage Company 1 3.13% $4,313
GUILD MORTGAGE COMPANY 1 2.99% $7,031
GUIDANCE RESIDENTIAL, LLC 1 3.25% $5,925
First Horizon Bank 1 3.25% $8,574
Homesale Mortgage, LLC 1 3.63% $4,284
HOMESPIRE MORTGAGE CORPORATION 1 3.63% $4,369
HOWARD HANNA FINANCIAL SERVICES, INC. 1 2.75% $6,746
HSBC BANK USA, NATIONAL ASSOCIATION 1 3.13% $4,192
Huntingdon Valley Bank 1 4.00% $3,720
InterContinental Capital Group, Inc 1 2.88% $2,819
FirstBank 1 2.88% $3,245
JLB CORPORATION 1 3.25% $4,904
Fifth Third Bank 1 2.99% $4,277
KELLER MORTGAGE, LLC 1 3.25% $2,705
Evolve Bank & Trust 1 3.75% $3,647
EVERENCE FEDERAL CREDIT UNION 1 2.75% $948
LEADERONE FINANCIAL CORPORATION 1 3.75% $3,788
Magnolia Bank 1 3.38% $6,970
Marriott Employees' Federal Credit Union 1 2.75% $10,385
Diamond Credit Union 1 3.00% $7,470
VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.88% $3,039
Metro City Bank 1 4.63% $9,224
Colonial Savings, F.A. 1 3.25% $3,339
Mid Penn Bank 1 3.50% $3,323

STATE COLLEGE Average Closing Costs & Other Stats

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.

STATE COLLEGE's average closing costs are $5,335.

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 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 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 fourth place, with 5.8%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $66,520,000 in loans. In fifth place, with 5.2%, is Northwest Bank, having originated $59,320,000 in loans.


STATE COLLEGE Housing Market Trends (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 $246,175 (11.9%) $325,621 (9.9%) 0.91 214
2018-02-01 $262,700 (6.4%) $347,418 (11.8%) 0.95 228
2018-03-01 $293,450 (4.8%) $362,319 (8.7%) 1.03 255
2018-04-01 $293,175 (4.7%) $369,634 (12.0%) 0.99 264
2018-05-01 $284,950 (4.7%) $361,919 (12.8%) 0.95 295
2018-06-01 $295,412 (9.6%) $372,985 (15.9%) 0.99 314
2018-07-01 $284,700 (9.8%) $364,588 (19.6%) 0.95 306
2018-08-01 $276,200 (9.5%) $363,625 (19.2%) 0.92 288
2018-09-01 $269,700 (4.8%) $347,213 (9.0%) 0.91 303
2018-10-01 $264,423 (3.8%) $339,977 (6.7%) 0.89 299
2018-11-01 $249,975 (-1.2%) $334,671 (2.4%) 0.85 292
2018-12-01 $239,500 (-0.2%) $316,634 (-2.7%) 0.83 252
2019-01-01 $239,900 (-2.6%) $308,713 (-5.2%) 0.83 209
2019-02-01 $273,225 (4.0%) $321,743 (-7.4%) 0.92 229
2019-03-01 $305,900 (4.2%) $354,222 (-2.2%) 1.00 271
2019-04-01 $328,175 (11.9%) $382,391 (3.5%) 1.04 302
2019-05-01 $321,900 (13.0%) $387,498 (7.1%) 1.01 309
2019-06-01 $319,000 (8.0%) $380,494 (2.0%) 1.00 342
2019-07-01 $308,900 (8.5%) $367,240 (0.7%) 0.97 359
2019-08-01 $300,355 (8.8%) $361,805 (-0.5%) 0.95 354
2019-09-01 $286,036 (6.1%) $351,081 (1.1%) 0.92 343
2019-10-01 $272,698 (3.1%) $339,724 (-0.1%) 0.88 335
2019-11-01 $275,000 (10.0%) $336,943 (0.7%) 0.90 300
2019-12-01 $257,400 (7.5%) $323,820 (2.3%) 0.86 253
2020-01-01 $264,925 (10.4%) $332,270 (7.6%) 0.89 215
2020-02-01 $287,000 (5.0%) $361,053 (12.2%) 0.94 219
2020-03-01 $308,475 (0.8%) $377,964 (6.7%) 0.97 262
2020-04-01 $315,450 (-3.9%) $381,689 (-0.2%) 0.99 268
2020-05-01 $312,500 (-2.9%) $377,696 (-2.5%) 0.95 302
2020-06-01 $329,950 (3.4%) $387,537 (1.9%) 0.97 292
2020-07-01 $329,900 (6.8%) $385,360 (4.9%) 0.96 283
2020-08-01 $319,950 (6.5%) $379,459 (4.9%) 0.92 273
2020-09-01 $310,450 (8.5%) $375,841 (7.1%) 0.89 261
2020-10-01 $322,450 (18.2%) $386,470 (13.8%) 0.92 234
2020-11-01 $327,450 (19.1%) $394,406 (17.1%) 0.96 190
2020-12-01 $325,000 (26.3%) $385,845 (19.2%) 0.97 173
2021-01-01 $314,950 (18.9%) $375,360 (13.0%) 0.94 154
2021-02-01 $322,450 (12.4%) $373,321 (3.4%) 0.94 129
2021-03-01 $326,750 (5.9%) $391,772 (3.7%) 0.93 118
2021-04-01 $300,000 (-4.9%) $387,844 (1.6%) 0.81 126
2021-05-01 $315,000 (0.8%) $387,381 (2.6%) 0.83 144
2021-06-01 $322,500 (-2.3%) $398,362 (2.8%) 0.85 155
2021-07-01 $325,000 (-1.5%) $397,735 (3.2%) 0.86 167
2021-08-01 $309,450 (-3.3%) $381,444 (0.5%) 0.83 173
2021-09-01 $298,370 (-3.9%) $389,008 (3.5%) 0.80 164
2021-10-01 $279,990 (-13.2%) $381,586 (-1.3%) 0.75 167
2021-11-01 $294,950 (-9.9%) $409,182 (3.8%) 0.79 144
2021-12-01 $299,975 (-7.7%) $399,652 (3.6%) 0.81 110
2022-01-01 $299,900 (-4.8%) $429,999 (14.6%) 0.81 93
2022-02-01 $352,475 (9.3%) $487,893 (30.7%) 0.92 84
2022-03-01 $340,500 (4.2%) $464,368 (18.5%) 0.85 100
2022-04-01 $360,000 (20.0%) $467,670 (20.6%) 0.86 114
2022-05-01 $372,000 (18.1%) $442,869 (14.3%) 0.85 132
2022-06-01 $379,000 (17.5%) $429,387 (7.8%) 0.84 141
2022-07-01 $384,000 (18.2%) $441,807 (11.1%) 0.87 165
2022-08-01 $384,700 (24.3%) $455,784 (19.5%) 0.89 163
2022-09-01 $374,475 (25.5%) $437,843 (12.6%) 0.88 158
2022-10-01 $374,500 (33.8%) $442,251 (15.9%) 0.88 153
STATE COLLEGE's median listing price for 2022-10-01 was $374,500, a difference of $94,510 (33.8%) versus the prior year and $25 versus the prior month.

STATE COLLEGE's median listing price comes in at 88% of the national average.

STATE COLLEGE's average listing price for 2022-10-01 was $442,251, a difference of $60,665 (15.9%) versus the prior year and $4,408 versus the prior month.

For the 2022-10-01 period, STATE COLLEGE had 153 MLS listings, a difference of -5 listings (-3%) versus the prior month and -14 listings (-8%) 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 87 days 1,800 sqft
2018-02-01 87 days 1,849 sqft
2018-03-01 61 days 2,052 sqft
2018-04-01 51 days 2,028 sqft
2018-05-01 47 days 2,037 sqft
2018-06-01 56 days 2,140 sqft
2018-07-01 69 days 2,061 sqft
2018-08-01 73 days 2,127 sqft
2018-09-01 77 days 2,084 sqft
2018-10-01 81 days 2,019 sqft
2018-11-01 85 days 2,003 sqft
2018-12-01 87 days 1,900 sqft
2019-01-01 84 days 1,913 sqft
2019-02-01 87 days 2,018 sqft
2019-03-01 60 days 2,115 sqft
2019-04-01 44 days 2,212 sqft
2019-05-01 47 days 2,226 sqft
2019-06-01 54 days 2,158 sqft
2019-07-01 59 days 2,112 sqft
2019-08-01 64 days 2,092 sqft
2019-09-01 72 days 2,029 sqft
2019-10-01 75 days 1,969 sqft
2019-11-01 73 days 1,884 sqft
2019-12-01 88 days 1,799 sqft
2020-01-01 87 days 1,796 sqft
2020-02-01 68 days 1,862 sqft
2020-03-01 44 days 1,932 sqft
2020-04-01 63 days 1,948 sqft
2020-05-01 75 days 1,930 sqft
2020-06-01 86 days 2,019 sqft
2020-07-01 73 days 1,974 sqft
2020-08-01 64 days 1,980 sqft
2020-09-01 66 days 2,061 sqft
2020-10-01 78 days 2,100 sqft
2020-11-01 92 days 2,104 sqft
2020-12-01 107 days 2,069 sqft
2021-01-01 79 days 1,991 sqft
2021-02-01 62 days 1,871 sqft
2021-03-01 56 days 1,874 sqft
2021-04-01 41 days 1,734 sqft
2021-05-01 39 days 1,852 sqft
2021-06-01 44 days 1,911 sqft
2021-07-01 45 days 1,856 sqft
2021-08-01 45 days 1,893 sqft
2021-09-01 51 days 1,799 sqft
2021-10-01 53 days 1,812 sqft
2021-11-01 64 days 1,842 sqft
2021-12-01 71 days 1,859 sqft
2022-01-01 78 days 1,959 sqft
2022-02-01 52 days 1,997 sqft
2022-03-01 37 days 1,960 sqft
2022-04-01 33 days 1,934 sqft
2022-05-01 33 days 1,964 sqft
2022-06-01 36 days 1,966 sqft
2022-07-01 38 days 1,968 sqft
2022-08-01 47 days 2,000 sqft
2022-09-01 51 days 1,988 sqft
2022-10-01 53 days 1,981 sqft
STATE COLLEGE's median listing age (time on market) for 2022-10-01 was 53 days. This is 0% longer than the same period one year ago.

STATE COLLEGE's median square footage for active listings during the 2022-10-01 period was 1,981 sqft. One year prior, the average listing was 1,812 sqft.

STATE COLLEGE, PA Average Rent (2022)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
16652 State College, PA $1,040 $1,050 $1,210 $1,550 $1,640
16666 State College, PA $780 $800 $910 $1,220 $1,240
16677 State College, PA $780 $800 $910 $1,220 $1,240
16686 State College, PA $780 $800 $910 $1,220 $1,240
16801 State College, PA $1,110 $1,130 $1,300 $1,660 $1,760
16802 State College, PA $1,130 $1,150 $1,320 $1,680 $1,780
16803 State College, PA $1,150 $1,170 $1,340 $1,710 $1,820
16804 State College, PA $1,040 $1,050 $1,210 $1,550 $1,640
16820 State College, PA $840 $850 $980 $1,250 $1,330
16822 State College, PA $780 $800 $910 $1,220 $1,240
16823 State College, PA $890 $910 $1,040 $1,330 $1,410
16826 State College, PA $780 $800 $910 $1,220 $1,240
16827 State College, PA $1,120 $1,140 $1,310 $1,670 $1,780
16828 State College, PA $970 $980 $1,130 $1,440 $1,530
16829 State College, PA $780 $800 $910 $1,220 $1,240
16832 State College, PA $820 $840 $960 $1,230 $1,300
16835 State College, PA $850 $860 $990 $1,260 $1,340
16841 State College, PA $810 $820 $940 $1,220 $1,270
16844 State College, PA $870 $890 $1,020 $1,300 $1,380
16845 State College, PA $780 $800 $910 $1,220 $1,240
16851 State College, PA $1,050 $1,060 $1,220 $1,560 $1,660
16852 State College, PA $830 $840 $970 $1,240 $1,310
16853 State College, PA $780 $800 $910 $1,220 $1,240
16854 State College, PA $810 $820 $940 $1,220 $1,270
16856 State College, PA $1,040 $1,050 $1,210 $1,550 $1,640
16859 State College, PA $800 $810 $930 $1,220 $1,260
16860 State College, PA $1,040 $1,050 $1,210 $1,550 $1,640
16864 State College, PA $1,040 $1,050 $1,210 $1,550 $1,640
16865 State College, PA $1,240 $1,260 $1,450 $1,850 $1,970
16866 State College, PA $780 $800 $910 $1,220 $1,240
16868 State College, PA $1,140 $1,160 $1,340 $1,710 $1,810
16870 State College, PA $840 $850 $980 $1,250 $1,330
16872 State College, PA $780 $800 $910 $1,220 $1,240
16874 State College, PA $780 $800 $910 $1,220 $1,240
16875 State College, PA $940 $960 $1,100 $1,400 $1,490
16877 State College, PA $840 $890 $1,040 $1,320 $1,420
16882 State College, PA $780 $800 $910 $1,220 $1,240

2022 Average & Median Rent Data Statistics
STATE COLLEGE, PA average 1BR rent: $925, median: $850
STATE COLLEGE, PA average 2BR rent: $1,061, median: $980
STATE COLLEGE, PA average 3BR rent: $1,376, median: $1,250

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.