Warren Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Warren averaged
6.73%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.06% and
one month ago for the week of 2023-02-09, the
average rate was 6.25%.
Warren's average rate one year ago was 4.18%.
For refis of the same type during the week of 2023-03-16, the average rate
was 7.4%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Warren 30 Year Fixed Rate | 2023-03-16 | 6.73% |
Warren 30 Year Fixed Rate Refi | 2023-03-16 | 7.4% |
Warren 15 Year Fixed Rate | 2023-03-16 | 6.88% |
Warren 15 Year Fixed Rate Refi | 2023-03-16 | 6.96% |
Warren 30 Year FHA | 2023-03-16 | 6.44% |
Warren 30 Year FHA Refi | 2023-03-16 | 6.9% |
Warren 30 Year USDA | 2023-03-16 | 6.78% |
Warren 30 Year USDA Refi | 2023-03-16 | 6.74% |
Warren 30 Year VA | 2023-03-16 | 6.52% |
Warren 30 Year VA Refi | 2023-03-16 | 6.09% |
Warren 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 Warren, 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.).
Warren Average Closing Costs & Other Stats
Warren, PA's 46 lenders originated 892
loans during 2021. The total origination value was $104,460,000, with an average loan value of
$117,108.
Warren's average closing costs are $4,120.
The top Warren lender as defined by loan originations is Northwest Bank, with
68 loans originated. Their average total fees are
$3,187, which is $1,493
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Warren lenders (with over 10 loans originated) are
Northwest Bank ($3,187), CNB Bank ($3,563), TIDEWATER MORTGAGE SERVICES, INC. ($4,319), QUICKEN LOANS, LLC ($4,680) and .
The lowest rate Warren lenders (with over 10 loans originated) are
CNB Bank (3.18%), TIDEWATER MORTGAGE SERVICES, INC. (3.21%), QUICKEN LOANS, LLC (3.28%), Northwest Bank (3.30%) and .
Warren, 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 |
---|---|---|---|---|
Northwest Bank | $23,830,000 | $24,860,000 | 4.3% | 23.8% |
QUICKEN LOANS, LLC | $14,750,000 | $18,430,000 | 24.9% | 17.6% |
CNB Bank | $11,705,000 | $10,145,000 | -13.3% | 9.7% |
KeyBank | $4,310,000 | $5,430,000 | 26.0% | 5.2% |
PNC Bank | $4,970,000 | $4,370,000 | -12.1% | 4.2% |
TIDEWATER MORTGAGE SERVICES, INC. | $2,110,000 | $4,025,000 | 90.8% | 3.9% |
Mortgage Research Center, LLC | $1,690,000 | $2,265,000 | 34.0% | 2.2% |
Wayne Bank | $2,145,000 | n/a | 2.1% | |
PENNSYLVANIA STATE EMPLOYEES Credit Union | $1,110,000 | $1,795,000 | 61.7% | 1.7% |
LOANDEPOT.COM, LLC | $680,000 | $1,475,000 | 116.9% | 1.4% |
MOVEMENT MORTGAGE, LLC | $470,000 | $1,345,000 | 186.2% | 1.3% |
PENNYMAC LOAN SERVICES, LLC | $300,000 | $1,340,000 | 346.7% | 1.3% |
Wells Fargo Bank | $855,000 | $1,165,000 | 36.3% | 1.1% |
First National Bank of Pennsylvania | $315,000 | $1,000,000 | 217.5% | 1.0% |
UNITED WHOLESALE MORTGAGE, LLC | $445,000 | $970,000 | 118.0% | 0.9% |
FREEDOM MORTGAGE CORPORATION | $1,070,000 | $865,000 | -19.2% | 0.8% |
Citizens Bank | $240,000 | $845,000 | 252.1% | 0.8% |
Mr. Cooper ( Nationstar Mortgage ) | $405,000 | $830,000 | 104.9% | 0.8% |
AMERISAVE MORTGAGE CORPORATION | $480,000 | $780,000 | 62.5% | 0.7% |
Marquette Savings Bank | $325,000 | $755,000 | 132.3% | 0.7% |
BETTER MORTGAGE CORPORATION | $685,000 | n/a | 0.7% | |
CORRY FEDERAL CREDIT UNION | $150,000 | $680,000 | 353.3% | 0.7% |
NEWREZ LLC | $165,000 | $670,000 | 306.1% | 0.6% |
The Huntington National Bank | $235,000 | $660,000 | 180.9% | 0.6% |
UNION HOME MORTGAGE CORP. | $800,000 | $640,000 | -20.0% | 0.6% |
NEW DAY FINANCIAL, LLC | $355,000 | $635,000 | 78.9% | 0.6% |
The Federal Savings Bank | $605,000 | n/a | 0.6% | |
AMERICAN FINANCING CORPORATION | $145,000 | $600,000 | 313.8% | 0.6% |
FINANCE OF AMERICA MORTGAGE LLC | $240,000 | $590,000 | 145.8% | 0.6% |
NAVY FEDERAL CREDIT UNION | $515,000 | $535,000 | 3.9% | 0.5% |
AFFORDABLE MORTGAGE ADVISORS, LLC. | $495,000 | n/a | 0.5% | |
INTERNATIONAL CITY MORTGAGE, INC. | $125,000 | $470,000 | 276.0% | 0.4% |
ALLIED MORTGAGE GROUP, INC. | $280,000 | $435,000 | 55.4% | 0.4% |
First Commonwealth Bank | $435,000 | n/a | 0.4% | |
CALIBER HOME LOANS, INC. | $460,000 | $420,000 | -8.7% | 0.4% |
PLAZA HOME MORTGAGE, INC. | $215,000 | $380,000 | 76.7% | 0.4% |
HOME POINT FINANCIAL CORPORATION | $230,000 | $365,000 | 58.7% | 0.3% |
RELIANCE FIRST CAPITAL, LLC | $105,000 | $365,000 | 247.6% | 0.3% |
Community Bank | $260,000 | $355,000 | 36.5% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $185,000 | $340,000 | 83.8% | 0.3% |
CROSSCOUNTRY MORTGAGE, LLC | $310,000 | $305,000 | -1.6% | 0.3% |
Centra Credit Union | $325,000 | $295,000 | -9.2% | 0.3% |
ROYAL UNITED MORTGAGE LLC | $445,000 | $290,000 | -34.8% | 0.3% |
US MORTGAGE CORPORATION | $255,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $285,000 | $245,000 | -14.0% | 0.2% |
OWNERSCHOICE FUNDING, INCORPORATED | $140,000 | $245,000 | 75.0% | 0.2% |
Citizens & Northern Bank | $205,000 | $235,000 | 14.6% | 0.2% |
Flagstar Bank, FSB | $240,000 | $230,000 | -4.2% | 0.2% |
Manufacturers and Traders Trust Company | $705,000 | $230,000 | -67.4% | 0.2% |
GUILD MORTGAGE COMPANY | $220,000 | n/a | 0.2% | |
West Town Bank & Trust | $215,000 | n/a | 0.2% | |
CMG MORTGAGE, INC. | $205,000 | n/a | 0.2% | |
Third Federal Savings and Loan Association of Cleveland | $205,000 | n/a | 0.2% | |
21ST MORTGAGE CORPORATION | $35,000 | $195,000 | 457.1% | 0.2% |
INTELLILOAN, INC. | $195,000 | n/a | 0.2% | |
SUN WEST MORTGAGE COMPANY, INC. | $125,000 | $195,000 | 56.0% | 0.2% |
Texana Bank | $195,000 | n/a | 0.2% | |
LOANPAL, LLC | $190,000 | n/a | 0.2% | |
ERIE FEDERAL CREDIT UNION | $180,000 | n/a | 0.2% | |
Ally Bank | $175,000 | n/a | 0.2% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $175,000 | n/a | 0.2% | |
Nations Lending Corporation | $165,000 | n/a | 0.2% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $155,000 | n/a | 0.1% | |
LENDING CAPITAL GROUP Inc | $155,000 | n/a | 0.1% | |
MORIA DEVELOPMENT, INC. | $200,000 | $155,000 | -22.5% | 0.1% |
Northpointe Bank | $155,000 | n/a | 0.1% | |
UTILITIES EMPLOYEES CREDIT UNION | $165,000 | $155,000 | -6.1% | 0.1% |
Farm Credit Mid-America, ACA | $145,000 | n/a | 0.1% | |
HOMESIDE FINANCIAL, LLC | $290,000 | $145,000 | -50.0% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $135,000 | n/a | 0.1% | |
KS StateBank | $135,000 | n/a | 0.1% | |
WELCOME HOME FINANCE, L.P. | $135,000 | n/a | 0.1% | |
VILLAGE CAPITAL & INVESTMENT LLC | $95,000 | $130,000 | 36.8% | 0.1% |
ALLIANT CREDIT UNION | $125,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $125,000 | n/a | 0.1% | |
CHURCHILL MORTGAGE CORPORATION | $165,000 | $125,000 | -24.2% | 0.1% |
Mercer County State Bank | $125,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $145,000 | $125,000 | -13.8% | 0.1% |
USAA Federal Savings Bank | $1,215,000 | $125,000 | -89.7% | 0.1% |
U.S. Bank | $170,000 | $125,000 | -26.5% | 0.1% |
Barrington Bank & Trust Company, N.A. | $260,000 | $115,000 | -55.8% | 0.1% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $215,000 | $115,000 | -46.5% | 0.1% |
GREENWAY MORTGAGE FUNDING CORP. | $115,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $105,000 | $115,000 | 9.5% | 0.1% |
Victorian Finance, LLC | $125,000 | $110,000 | -12.0% | 0.1% |
AmeriHome Mortgage Company, LLC | $105,000 | n/a | 0.1% | |
Bank of America | $300,000 | $105,000 | -65.0% | 0.1% |
Farm Credit East, ACA | $155,000 | $105,000 | -32.3% | 0.1% |
InterContinental Capital Group, Inc | $105,000 | n/a | 0.1% | |
GENISYS | $95,000 | n/a | 0.1% | |
NETWORK CAPITAL FUNDING CORPORATION | $95,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $85,000 | n/a | 0.1% | |
First Columbia Bank & Trust Co. | $85,000 | n/a | 0.1% | |
First Guaranty Mortgage Corporation | $395,000 | $85,000 | -78.5% | 0.1% |
FAY SERVICING, LLC | $75,000 | n/a | 0.1% | |
HOWARD HANNA FINANCIAL SERVICES, INC. | $75,000 | n/a | 0.1% | |
RESIDENTIAL MORTGAGE SERVICES, INC. | $1,470,000 | $75,000 | -94.9% | 0.1% |
FREEDOM UNITED FCU | $25,000 | $65,000 | 160.0% | 0.1% |
Greenville Savings Bank | $55,000 | n/a | 0.1% | |
NATIONWIDE MORTGAGE BANKERS, INC. | $55,000 | n/a | 0.1% | |
SPRING EQ, LLC | $55,000 | n/a | 0.1% | |
Figure Lending LLC | $45,000 | n/a | 0.0% | |
TRIAD FINANCIAL SERVICES, INC. | $75,000 | $15,000 | -80.0% | 0.0% |
Warren's top lender by overall market share is Northwest Bank, with 23.8% market share. In second place, with 17.6%, is QUICKEN LOANS, LLC, having originated $18,430,000 in loans. In third place, with 9.7%, is CNB Bank, having originated $10,145,000 in loans. In fourth place, with 5.2%, is KeyBank, having originated $5,430,000 in loans. In fifth place, with 4.2%, is PNC Bank, having originated $4,370,000 in loans.
Warren Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Warren (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $64,925 (-5.9%) | $157,749 (54.5%) | 0.00 | 214 |
2018-02-01 | $63,925 (-7.4%) | $126,011 (26.5%) | 0.00 | 213 |
2018-03-01 | $67,450 (-2.6%) | $126,473 (19.1%) | 0.00 | 217 |
2018-04-01 | $67,925 (4.7%) | $129,660 (23.6%) | 0.00 | 211 |
2018-05-01 | $67,725 (-1.9%) | $128,248 (10.8%) | 0.00 | 211 |
2018-06-01 | $74,900 (7.2%) | $140,100 (21.6%) | 0.00 | 207 |
2018-07-01 | $105,175 (32.7%) | $172,886 (46.8%) | 0.00 | 150 |
2018-08-01 | $104,675 (38.3%) | $166,748 (-0.9%) | 0.00 | 169 |
2018-09-01 | $99,900 (33.2%) | $158,889 (-3.5%) | 0.00 | 175 |
2018-10-01 | $93,575 (29.1%) | $159,535 (-0.9%) | 0.00 | 181 |
2018-11-01 | $95,950 (37.2%) | $158,723 (1.8%) | 0.00 | 181 |
2018-12-01 | $97,500 (41.3%) | $162,302 (6.4%) | 0.00 | 169 |
2019-01-01 | $90,850 (39.9%) | $148,732 (-5.7%) | 0.00 | 155 |
2019-02-01 | $91,175 (42.6%) | $153,092 (21.5%) | 0.00 | 148 |
2019-03-01 | $79,714 (18.2%) | $140,141 (10.8%) | 0.00 | 170 |
2019-04-01 | $64,150 (-5.6%) | $122,751 (-5.3%) | 0.00 | 203 |
2019-05-01 | $62,650 (-7.5%) | $117,475 (-8.4%) | 0.00 | 201 |
2019-06-01 | $65,000 (-13.2%) | $120,645 (-13.9%) | 0.00 | 204 |
2019-07-01 | $65,000 (-38.2%) | $120,656 (-30.2%) | 0.00 | 204 |
2019-08-01 | $63,609 (-39.2%) | $115,831 (-30.5%) | 0.00 | 206 |
2019-09-01 | $61,523 (-38.4%) | $106,249 (-33.1%) | 0.00 | 210 |
2019-10-01 | $62,682 (-33.0%) | $100,910 (-36.8%) | 0.00 | 215 |
2019-11-01 | $69,900 (-27.2%) | $104,826 (-34.0%) | 0.00 | 205 |
2019-12-01 | $64,675 (-33.7%) | $104,701 (-35.5%) | 0.00 | 191 |
2020-01-01 | $66,975 (-26.3%) | $106,272 (-28.6%) | 0.00 | 178 |
2020-02-01 | $63,900 (-29.9%) | $104,276 (-31.9%) | 0.00 | 161 |
2020-03-01 | $63,100 (-20.8%) | $105,483 (-24.7%) | 0.00 | 159 |
2020-04-01 | $65,925 (2.8%) | $109,276 (-11.0%) | 0.00 | 155 |
2020-05-01 | $65,000 (3.8%) | $113,077 (-3.7%) | 0.00 | 151 |
2020-06-01 | $57,400 (-11.7%) | $110,290 (-8.6%) | 0.00 | 138 |
2020-07-01 | $54,700 (-15.9%) | $113,631 (-5.8%) | 0.00 | 140 |
2020-08-01 | $54,500 (-14.3%) | $120,321 (3.9%) | 0.00 | 130 |
2020-09-01 | $51,475 (-16.3%) | $117,541 (10.6%) | 0.00 | 120 |
2020-10-01 | $56,000 (-10.7%) | $123,561 (22.5%) | 0.00 | 107 |
2020-11-01 | $51,250 (-26.7%) | $116,993 (11.6%) | 0.00 | 104 |
2020-12-01 | $51,250 (-20.8%) | $118,508 (13.2%) | 0.00 | 102 |
2021-01-01 | $52,000 (-22.4%) | $107,055 (0.7%) | 0.00 | 93 |
2021-02-01 | $54,175 (-15.2%) | $106,427 (2.1%) | 0.00 | 96 |
2021-03-01 | $44,425 (-29.6%) | $112,958 (7.1%) | 0.00 | 89 |
2021-04-01 | $41,000 (-37.8%) | $108,275 (-0.9%) | 0.00 | 88 |
2021-05-01 | $46,000 (-29.2%) | $112,062 (-0.9%) | 0.00 | 87 |
2021-06-01 | $47,700 (-16.9%) | $111,836 (1.4%) | 0.00 | 87 |
2021-07-01 | $108,450 (98.3%) | $164,234 (44.5%) | 0.00 | 56 |
2021-08-01 | $114,900 (110.8%) | $175,148 (45.6%) | 0.00 | 51 |
2021-09-01 | $126,825 (146.4%) | $165,980 (41.2%) | 0.00 | 52 |
2021-10-01 | $126,500 (125.9%) | $164,086 (32.8%) | 0.00 | 48 |
2021-11-01 | $123,975 (141.9%) | $156,730 (34.0%) | 0.00 | 49 |
2021-12-01 | $126,675 (147.2%) | $163,815 (38.2%) | 0.00 | 46 |
2022-01-01 | $129,250 (148.6%) | $176,972 (65.3%) | 0.00 | 29 |
2022-02-01 | $123,400 (127.8%) | $175,614 (65.0%) | 0.00 | 20 |
2022-03-01 | $129,925 (192.5%) | $183,316 (62.3%) | 0.00 | 27 |
2022-04-01 | $143,500 (250.0%) | $212,770 (96.5%) | 0.00 | 22 |
2022-05-01 | $135,000 (193.5%) | $235,572 (110.2%) | 0.00 | 28 |
2022-06-01 | $167,450 (251.1%) | $225,930 (102.0%) | 0.00 | 40 |
2022-07-01 | $180,000 (66.0%) | $228,981 (39.4%) | 0.00 | 49 |
2022-08-01 | $174,950 (52.3%) | $213,128 (21.7%) | 0.00 | 59 |
2022-09-01 | $157,475 (24.2%) | $198,012 (19.3%) | 0.00 | 58 |
2022-10-01 | $150,000 (18.6%) | $206,382 (25.8%) | 0.00 | 61 |
2022-11-01 | $132,250 (6.7%) | $192,474 (22.8%) | 0.00 | 58 |
2022-12-01 | $137,500 (8.6%) | $192,885 (17.8%) | 0.00 | 53 |
2023-01-01 | $140,075 (8.4%) | $179,289 (1.3%) | 0.00 | 49 |
2023-02-01 | $142,300 (15.3%) | $163,276 (-7.0%) | 0.00 | 49 |
Warren's median listing price comes in at 0% of the national average.
Warren's average listing price for 2023-02-01 was $163,276, a difference of $-12,338 (-7.0%) versus the prior year and $-16,013 versus the prior month.
For the 2023-02-01 period, Warren had 49 MLS listings, a difference of 0 listings (0%) versus the prior month and 29 listings (145%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Warren (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,633 sqft |
2018-02-01 | 0 days | 1,628 sqft |
2018-03-01 | 0 days | 1,602 sqft |
2018-04-01 | 0 days | 1,590 sqft |
2018-05-01 | 0 days | 1,580 sqft |
2018-06-01 | 0 days | 1,600 sqft |
2018-07-01 | 0 days | 1,621 sqft |
2018-08-01 | 0 days | 1,584 sqft |
2018-09-01 | 0 days | 1,557 sqft |
2018-10-01 | 0 days | 1,545 sqft |
2018-11-01 | 0 days | 1,569 sqft |
2018-12-01 | 0 days | 1,587 sqft |
2019-01-01 | 0 days | 1,570 sqft |
2019-02-01 | 0 days | 1,567 sqft |
2019-03-01 | 0 days | 1,568 sqft |
2019-04-01 | 0 days | 1,591 sqft |
2019-05-01 | 0 days | 1,592 sqft |
2019-06-01 | 0 days | 1,569 sqft |
2019-07-01 | 0 days | 1,567 sqft |
2019-08-01 | 0 days | 1,552 sqft |
2019-09-01 | 0 days | 1,538 sqft |
2019-10-01 | 0 days | 1,529 sqft |
2019-11-01 | 0 days | 1,520 sqft |
2019-12-01 | 0 days | 1,524 sqft |
2020-01-01 | 0 days | 1,620 sqft |
2020-02-01 | 0 days | 1,632 sqft |
2020-03-01 | 0 days | 1,636 sqft |
2020-04-01 | 0 days | 1,654 sqft |
2020-05-01 | 0 days | 1,727 sqft |
2020-06-01 | 0 days | 1,697 sqft |
2020-07-01 | 0 days | 1,645 sqft |
2020-08-01 | 0 days | 1,648 sqft |
2020-09-01 | 0 days | 1,552 sqft |
2020-10-01 | 0 days | 1,584 sqft |
2020-11-01 | 0 days | 1,597 sqft |
2020-12-01 | 0 days | 1,532 sqft |
2021-01-01 | 0 days | 1,644 sqft |
2021-02-01 | 0 days | 1,716 sqft |
2021-03-01 | 0 days | 1,705 sqft |
2021-04-01 | 0 days | 1,640 sqft |
2021-05-01 | 0 days | 1,677 sqft |
2021-06-01 | 0 days | 1,615 sqft |
2021-07-01 | 0 days | 1,564 sqft |
2021-08-01 | 0 days | 1,635 sqft |
2021-09-01 | 0 days | 1,486 sqft |
2021-10-01 | 0 days | 1,515 sqft |
2021-11-01 | 0 days | 1,485 sqft |
2021-12-01 | 0 days | 1,479 sqft |
2022-01-01 | 0 days | 1,541 sqft |
2022-02-01 | 0 days | 1,658 sqft |
2022-03-01 | 0 days | 1,848 sqft |
2022-04-01 | 0 days | 2,016 sqft |
2022-05-01 | 0 days | 1,829 sqft |
2022-06-01 | 0 days | 1,721 sqft |
2022-07-01 | 0 days | 1,900 sqft |
2022-08-01 | 0 days | 1,752 sqft |
2022-09-01 | 0 days | 1,814 sqft |
2022-10-01 | 0 days | 1,645 sqft |
2022-11-01 | 0 days | 1,677 sqft |
2022-12-01 | 0 days | 1,666 sqft |
2023-01-01 | 0 days | 1,641 sqft |
2023-02-01 | 0 days | 1,658 sqft |
Warren's median square footage for active listings during the 2023-02-01 period was 1,658 sqft. One year prior, the average listing was 1,658 sqft.
Warren, PA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 406 | $54,910,000 | $135,246 |
Refi | 242 | $26,810,000 | $110,785 |
Cash Out Refi | 132 | $16,330,000 | $123,712 |
Home Improvement | 63 | $3,545,000 | $56,270 |
Other | 49 | $2,865,000 | $58,469 |
Warren's most frequently cited loan purpose was Home Purchase, with 406 originations. The 2nd most popular reason was Refi, with 242 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 340 | $38,640,000 | $113,647 |
2.5-3% | 307 | $39,245,000 | $127,834 |
<2.5% | 121 | $15,565,000 | $128,636 |
4-5% | 70 | $6,140,000 | $87,714 |
6-7% | 22 | $940,000 | $42,727 |
5-6% | 21 | $1,205,000 | $57,381 |
7-8% | 5 | $225,000 | $45,000 |
Over 8% | 2 | $110,000 | $55,000 |
During 2021, Warren's most frequently originated rate bucket was 3-4%, with 340 originations.
Loan Sizing (Warren, PA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 450 | $28,740,000 | $63,867 |
$100k-200k | 338 | $45,460,000 | $134,497 |
$200k-400k | 98 | $25,590,000 | $261,122 |
$400k-600k | 3 | $1,265,000 | $421,667 |
$600k-1000k | 2 | $1,260,000 | $630,000 |
$Over $1MM | 1 | $2,145,000 | $2,145,000 |
Warren's loan sizing saw the bucket of loans from $100,000 or less with 450 originations, totaling $28,740,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 377 | $50,545,000 | $134,072 |
60-80% | 261 | $32,225,000 | $123,467 |
40-60% | 101 | $9,695,000 | $95,990 |
20-40% | 93 | $5,445,000 | $58,548 |
Under 20% | 37 | $1,145,000 | $30,946 |
Over 100% | 4 | $970,000 | $242,500 |
Warren's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 377 originations, totaling $50,545,000 in origination value.