Penn 1st Financial Mortgage Lending & HMDA Data, 2004
In 2004, Penn 1st Financial of Exton, PA reported 1,716 mortgage applications totaling $280.6 million, down 43% from 2003. The average application was for $163,505, and applicants reported an average income of $80,738. 77% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Philadelphia, PA (744), Reading, PA (369) and Allentown-Bethlehem-Easton, PA-NJ (153) (applications in parentheses).
| Mortgage Company & Address | Penn 1st Financial 690 Stockton Drive Exton, PA 19341 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,716 |
| Total Mortgage Loan Application Amount | $280,576,000 |
| Average Mortgage Loan Application Amount | $163,505 |
| Highest Mortgage Loan Application Amount | $1,880,000 |
| Average Applicant Income | $80,738 |
| Highest Applicant Income | $1,708,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Penn 1st Financial filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Berks, Pennsylvania | 369 | $ 39,906,000 | $ 108,146 | $ 48,000 |
| Chester, Pennsylvania | 232 | $ 41,594,000 | $ 179,284 | $ 82,000 |
| Montgomery, Pennsylvania | 219 | $ 37,332,000 | $ 170,465 | $ 85,000 |
| Bucks, Pennsylvania | 126 | $ 26,742,000 | $ 212,238 | $ 99,000 |
| Lehigh, Pennsylvania | 105 | $ 14,177,000 | $ 135,019 | $ 59,000 |
| Philadelphia, Pennsylvania | 96 | $ 11,076,000 | $ 115,375 | $ 70,000 |
| Lancaster, Pennsylvania | 74 | $ 11,092,000 | $ 149,891 | $ 89,000 |
| Delaware, Pennsylvania | 71 | $ 11,985,000 | $ 168,802 | $ 108,000 |
| New Castle, Delaware | 53 | $ 8,827,000 | $ 166,547 | $ 87,000 |
| Northampton, Pennsylvania | 43 | $ 6,750,000 | $ 156,976 | $ 82,000 |
| Cape May, New Jersey | 28 | $ 8,274,000 | $ 295,500 | $ 129,000 |
| Baltimore, Maryland | 18 | $ 3,189,000 | $ 177,166 | $ 135,000 |
| Atlantic, New Jersey | 17 | $ 7,383,000 | $ 434,294 | $ 204,000 |
| Dauphin, Pennsylvania | 14 | $ 1,678,000 | $ 119,857 | $ 64,000 |
| Cumberland, Pennsylvania | 13 | $ 1,806,000 | $ 138,923 | $ 78,000 |
| Fairfax, Virginia | 12 | $ 4,185,000 | $ 348,750 | $ 117,000 |
| Anne Arundel, Maryland | 11 | $ 2,214,000 | $ 201,272 | $ 170,000 |
| Baltimore City, Maryland | 11 | $ 1,007,000 | $ 91,545 | $ 86,000 |
| Prince William, Virginia | 11 | $ 2,928,000 | $ 266,181 | $ 103,000 |
| Prince George's, Maryland | 9 | $ 1,792,000 | $ 199,111 | $ 75,000 |
| Worcester, Maryland | 9 | $ 1,921,000 | $ 213,444 | $ 139,000 |
| Montgomery, Maryland | 8 | $ 2,111,000 | $ 263,875 | $ 82,000 |
| Lebanon, Pennsylvania | 8 | $ 985,000 | $ 123,125 | $ 42,000 |
| Sussex, Delaware | 6 | $ 1,954,000 | $ 325,666 | $ 144,000 |
| Cecil, Maryland | 6 | $ 1,461,000 | $ 243,500 | $ 219,000 |
| York, Pennsylvania | 6 | $ 1,107,000 | $ 184,500 | $ 89,000 |
| Loudoun, Virginia | 6 | $ 2,012,000 | $ 335,333 | $ 83,000 |
| Carroll, Maryland | 5 | $ 864,000 | $ 172,800 | $ 110,000 |
| Howard, Maryland | 5 | $ 1,524,000 | $ 304,800 | $ 58,000 |
| Mercer, New Jersey | 5 | $ 583,000 | $ 116,600 | $ 79,000 |
| Carbon, Pennsylvania | 5 | $ 736,000 | $ 147,200 | $ 61,000 |
| Allegany, Maryland | 4 | $ 375,000 | $ 93,750 | $ 42,000 |
| Harford, Maryland | 4 | $ 324,000 | $ 81,000 | $ 45,000 |
| Burlington, New Jersey | 4 | $ 680,000 | $ 170,000 | $ 105,000 |
| Somerset, New Jersey | 4 | $ 802,000 | $ 200,500 | $ 71,000 |
| Monroe, Pennsylvania | 4 | $ 553,000 | $ 138,250 | $ 136,000 |
| Perry, Pennsylvania | 4 | $ 345,000 | $ 86,250 | $ 59,000 |
| Pike, Pennsylvania | 4 | $ 782,000 | $ 195,500 | $ 69,000 |
| Greenville, South Carolina | 4 | $ 483,000 | $ 120,750 | $ 54,000 |
| Fauquier, Virginia | 4 | $ 1,252,000 | $ 313,000 | $ 111,000 |
| Camden, New Jersey | 3 | $ 589,000 | $ 196,333 | $ 99,000 |
| Gloucester, New Jersey | 3 | $ 417,000 | $ 139,000 | $ 74,000 |
| Ocean, New Jersey | 3 | $ 561,000 | $ 187,000 | $ 101,000 |
| Franklin, Pennsylvania | 3 | $ 356,000 | $ 118,666 | $ 55,000 |
| Stafford, Virginia | 3 | $ 820,000 | $ 273,333 | $ 102,000 |
| Kent, Delaware | 2 | $ 204,000 | $ 102,000 | $ 39,000 |
| Calvert, Maryland | 2 | $ 434,000 | $ 217,000 | $ 85,000 |
| St. Mary's, Maryland | 2 | $ 422,000 | $ 211,000 | $ 116,000 |
| Bergen, New Jersey | 2 | $ 552,000 | $ 276,000 | $ 49,000 |
| Hunterdon, New Jersey | 2 | $ 675,000 | $ 337,500 | $ 143,000 |
| New York, New York | 2 | $ 1,093,000 | $ 546,500 | $ 937,000 |
| Adams, Pennsylvania | 2 | $ 222,000 | $ 111,000 | $ 42,000 |
| Allegheny, Pennsylvania | 2 | $ 205,000 | $ 102,500 | $ 46,000 |
| Cambria, Pennsylvania | 2 | $ 135,000 | $ 67,500 | $ 38,000 |
| Centre, Pennsylvania | 2 | $ 299,000 | $ 149,500 | $ 68,000 |
| Luzerne, Pennsylvania | 2 | $ 212,000 | $ 106,000 | $ 84,000 |
| Chesapeake, Virginia | 2 | $ 361,000 | $ 180,500 | $ 93,000 |
| Culpeper, Virginia | 2 | $ 910,000 | $ 455,000 | $ 130,000 |
| District of Columbia, District Of Columbia | 1 | $ 473,000 | $ 473,000 | $ 178,000 |
| Charles, Maryland | 1 | $ 163,000 | $ 163,000 | $ 45,000 |
| Dorchester, Maryland | 1 | $ 650,000 | $ 650,000 | $ 181,000 |
| Frederick, Maryland | 1 | $ 113,000 | $ 113,000 | $ 58,000 |
| Queen Anne's, Maryland | 1 | $ 162,000 | $ 162,000 | $ 100,000 |
| Somerset, Maryland | 1 | $ 70,000 | $ 70,000 | $ 65,000 |
| Talbot, Maryland | 1 | $ 1,225,000 | $ 1,225,000 | $ 190,000 |
| Cumberland, New Jersey | 1 | $ 155,000 | $ 155,000 | $ 63,000 |
| Essex, New Jersey | 1 | $ 134,000 | $ 134,000 | $ 141,000 |
| Hudson, New Jersey | 1 | $ 220,000 | $ 220,000 | $ 98,000 |
| Middlesex, New Jersey | 1 | $ 150,000 | $ 150,000 | $ 80,000 |
| Monmouth, New Jersey | 1 | $ 274,000 | $ 274,000 | $ 101,000 |
| Passaic, New Jersey | 1 | $ 277,000 | $ 277,000 | $ 85,000 |
| Sussex, New Jersey | 1 | $ 96,000 | $ 96,000 | $ 61,000 |
| Union, New Jersey | 1 | $ 196,000 | $ 196,000 | $ 47,000 |
| Blair, Pennsylvania | 1 | $ 56,000 | $ 56,000 | $ 47,000 |
| Bradford, Pennsylvania | 1 | $ 106,000 | $ 106,000 | $ 83,000 |
| Columbia, Pennsylvania | 1 | $ 126,000 | $ 126,000 | $ 27,000 |
| Fulton, Pennsylvania | 1 | $ 122,000 | $ 122,000 | $ 67,000 |
| Greene, Pennsylvania | 1 | $ 80,000 | $ 80,000 | $ 70,000 |
| Huntingdon, Pennsylvania | 1 | $ 166,000 | $ 166,000 | $ 115,000 |
| Juniata, Pennsylvania | 1 | $ 228,000 | $ 228,000 | $ 49,000 |
| Mifflin, Pennsylvania | 1 | $ 51,000 | $ 51,000 | $ 47,000 |
| Montour, Pennsylvania | 1 | $ 155,000 | $ 155,000 | $ 40,000 |
| Schuylkill, Pennsylvania | 1 | $ 53,000 | $ 53,000 | $ 37,000 |
| Beaufort, South Carolina | 1 | $ 270,000 | $ 270,000 | $ 140,000 |
| Edgefield, South Carolina | 1 | $ 138,000 | $ 138,000 | $ 60,000 |
| Greenwood, South Carolina | 1 | $ 22,000 | $ 22,000 | $ 74,000 |
| Laurens, South Carolina | 1 | $ 114,000 | $ 114,000 | $ 44,000 |
| Spartanburg, South Carolina | 1 | $ 138,000 | $ 138,000 | $ 80,000 |
| Accomack, Virginia | 1 | $ 120,000 | $ 120,000 | $ 65,000 |
| Arlington, Virginia | 1 | $ 80,000 | $ 80,000 | $ 40,000 |
| Chesterfield, Virginia | 1 | $ 180,000 | $ 180,000 | $ 92,000 |
| Louisa, Virginia | 1 | $ 125,000 | $ 125,000 | $ 47,000 |
| Manassas Park, Virginia | 1 | $ 114,000 | $ 114,000 | $ 46,000 |
| Orange, Virginia | 1 | $ 168,000 | $ 168,000 | $ 40,000 |
| Richmond City, Virginia | 1 | $ 217,000 | $ 217,000 | $ 68,000 |
Mortgage Loan Application Detail Totals for Penn 1st Financial in 2004
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 1,144 | $189,291,000 | $234,857 | $1,155,000 | $100,000 | $1,400,000 |
| Home Purchase | 561 | $88,689,000 | $249,875 | $1,880,000 | $204,625 | $1,708,000 |
| Home Improvement | 11 | $2,596,000 | $232,000 | $625,000 | $121,500 | $249,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 1,422 | $233,713,000 | $246,571 | $1,880,000 | $217,285 | $1,708,000 |
| Not Provided | 152 | $25,721,000 | $271,142 | $1,155,000 | $110,714 | $606,000 |
| Black or African American | 65 | $9,511,000 | $182,500 | $624,000 | $66,666 | $639,000 |
| Hispanic | 41 | $5,569,000 | $268,500 | $618,000 | $87,000 | $511,000 |
| Asian | 26 | $4,392,000 | $210,333 | $455,000 | $77,333 | $168,000 |
| American Indian or Alaskan Native | 5 | $787,000 | $239,000 | $376,000 | $128,500 | $186,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $714,000 | $208,000 | $334,000 | $78,333 | $97,000 |
| Not applicable | 1 | $169,000 | $169,000 | $169,000 | $98,000 | $98,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,694 | $278,803,000 | $263,666 | $1,880,000 | $192,000 | $1,708,000 |
| FHA-insured (Federal Housing Administration) | 22 | $1,773,000 | $80,000 | $162,000 | $33,000 | $80,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 1,326 | $212,259,000 | $244,625 | $1,225,000 | $187,000 | $1,400,000 |
| Application Withdrawn By Applicant | 156 | $24,753,000 | $316,142 | $1,313,000 | $240,571 | $1,708,000 |
| Application Approved But Not Accepted | 117 | $21,632,000 | $237,500 | $1,155,000 | $93,000 | $319,000 |
| Application Denied By Financial Institution | 116 | $21,801,000 | $389,500 | $1,880,000 | $157,166 | $530,000 |
| Preapproval Denied by Financial Institution | 1 | $131,000 | $131,000 | $131,000 | $44,000 | $44,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 35 | $6,779,000 | $287,500 | $750,000 | $139,000 | $300,000 |
| Credit History | 34 | $5,563,000 | $364,500 | $996,000 | $148,750 | $354,000 |
| Collateral | 30 | $4,657,000 | $152,333 | $700,000 | $104,666 | $431,000 |
| Mortgage Insurance Denied | 9 | $3,854,000 | $855,666 | $1,880,000 | $245,333 | $530,000 |
| Unverifiable Information | 4 | $628,000 | $215,500 | $333,000 | $61,000 | $97,000 |
| Employment History | 3 | $261,000 | $87,000 | $130,000 | $32,000 | $47,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $190,000 | $95,000 | $100,000 | $75,000 | $135,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Penn 1st Financial's 2004 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Penn 1st Financial's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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