Penn 1st Financial Mortgage Lending & HMDA Data, 2006
In 2006, Penn 1st Financial of Exton, PA reported 1,998 mortgage applications totaling $418.8 million, down 3% from 2005. The average application was for $209,634, and applicants reported an average income of $112,968. 74% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Philadelphia, PA (716), Reading, PA (270) and Allentown-Bethlehem-Easton, PA-NJ (177) (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 | 1,998 |
| Total Mortgage Loan Application Amount | $418,849,000 |
| Average Mortgage Loan Application Amount | $209,634 |
| Highest Mortgage Loan Application Amount | $3,500,000 |
| Average Applicant Income | $112,968 |
| Highest Applicant Income | $2,568,000 |
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Act (HMDA) records Penn 1st Financial filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Philadelphia, PA | 716 | $ 155,186,000 | $ 216,740 | $ 114,000 |
| Reading, PA | 270 | $ 36,883,000 | $ 136,603 | $ 82,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 177 | $ 31,629,000 | $ 178,694 | $ 95,271 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 137 | $ 34,585,000 | $ 252,445 | $ 111,291 |
| Lancaster, PA | 127 | $ 22,160,000 | $ 174,488 | $ 66,000 |
| Camden, NJ | 93 | $ 19,626,000 | $ 211,032 | $ 108,000 |
| Baltimore-Towson, MD | 77 | $ 17,323,000 | $ 224,974 | $ 111,000 |
| Ocean City, NJ | 47 | $ 21,958,000 | $ 467,191 | $ 262,000 |
| Wilmington, DE-MD-NJ | 32 | $ 6,943,000 | $ 216,968 | $ 154,437 |
| Atlantic City, NJ | 24 | $ 7,192,000 | $ 299,666 | $ 129,000 |
| Harrisburg-Carlisle, PA | 21 | $ 2,571,000 | $ 122,428 | $ 67,000 |
| Edison, NJ | 18 | $ 5,082,000 | $ 282,333 | $ 123,000 |
| Newark-Union, NJ-PA | 18 | $ 5,146,000 | $ 285,888 | $ 126,666 |
| Bethesda-Gaithersburg-Frederick, MD | 15 | $ 3,746,000 | $ 249,733 | $ 83,000 |
| Orlando-Kissimmee, FL | 13 | $ 3,452,000 | $ 265,538 | $ 206,000 |
| New York-White Plains-Wayne, NY-NJ | 12 | $ 6,390,000 | $ 532,500 | $ 292,333 |
| Charlotte-Gastonia-Concord, NC-SC | 9 | $ 919,000 | $ 102,111 | $ 100,000 |
| Richmond, VA | 8 | $ 1,122,000 | $ 140,250 | $ 96,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 8 | $ 910,000 | $ 113,750 | $ 51,000 |
| Winchester, VA-WV | 8 | $ 1,647,000 | $ 205,875 | $ 231,000 |
| York-Hanover, PA | 8 | $ 1,262,000 | $ 157,750 | $ 76,000 |
| Scranton--Wilkes-Barre, PA | 6 | $ 1,093,000 | $ 182,166 | $ 106,000 |
| Pittsburgh, PA | 5 | $ 526,000 | $ 105,200 | $ 129,000 |
| Raleigh-Cary, NC | 5 | $ 505,000 | $ 101,000 | $ 56,000 |
| State College, PA | 5 | $ 800,000 | $ 160,000 | $ 82,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 5 | $ 1,039,000 | $ 207,800 | $ 243,000 |
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 785,000 | $ 196,250 | $ 182,000 |
| Trenton-Ewing, NJ | 4 | $ 898,000 | $ 224,500 | $ 64,000 |
| Greensboro-High Point, NC | 3 | $ 255,000 | $ 85,000 | $ 54,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 3,885,000 | $ 1,295,000 | $ 529,000 |
| Altoona, PA | 2 | $ 64,000 | $ 32,000 | $ 30,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 484,000 | $ 242,000 | $ 255,000 |
| Burlington, NC | 2 | $ 250,000 | $ 125,000 | $ 88,000 |
| Columbia, SC | 2 | $ 118,000 | $ 59,000 | $ 60,000 |
| Erie, PA | 2 | $ 173,000 | $ 86,500 | $ 49,000 |
| Fort Collins-Loveland, CO | 2 | $ 820,000 | $ 410,000 | $ 540,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 1,102,000 | $ 551,000 | $ 460,000 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 436,000 | $ 218,000 | $ 42,000 |
| Jacksonville, FL | 2 | $ 262,000 | $ 131,000 | $ 120,000 |
| Lebanon, PA | 2 | $ 230,000 | $ 115,000 | $ 87,000 |
| Naples-Marco Island, FL | 2 | $ 621,000 | $ 310,500 | $ 150,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 165,000 | $ 165,000 | $ 116,000 |
| Dover, DE | 1 | $ 232,000 | $ 232,000 | $ 98,000 |
| Gainesville, FL | 1 | $ 62,000 | $ 62,000 | $ 96,000 |
| Gulfport-Biloxi, MS | 1 | $ 354,000 | $ 354,000 | $ 0 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 222,000 | $ 222,000 | $ 53,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 1 | $ 148,000 | $ 148,000 | $ 361,000 |
| Port St. Lucie-Fort Pierce, FL | 1 | $ 140,000 | $ 140,000 | $ 300,000 |
| Salisbury, MD | 1 | $ 182,000 | $ 182,000 | $ 54,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 225,000 | $ 225,000 | $ 96,000 |
| Wilmington, NC | 1 | $ 144,000 | $ 144,000 | $ 72,000 |
| Winston-Salem, NC | 1 | $ 111,000 | $ 111,000 | $ 39,000 |
Mortgage Loan Application Detail Totals for Penn 1st Financial in 2006
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,142 | $224,902,000 | $196,000 | $3,405,000 | $117,000 | $1,879,000 |
| Refinancing | 806 | $182,490,000 | $226,000 | $3,500,000 | $108,000 | $2,568,000 |
| Home Improvement | 50 | $11,457,000 | $229,000 | $950,000 | $101,000 | $823,000 |
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 | 1,518 | $334,242,000 | $220,000 | $3,500,000 | $123,000 | $2,568,000 |
| Not Provided | 140 | $24,304,000 | $173,000 | $880,000 | $74,000 | $424,000 |
| Black or African American | 140 | $27,097,000 | $193,000 | $979,000 | $88,000 | $457,000 |
| Hispanic | 139 | $19,988,000 | $143,000 | $624,000 | $73,000 | $360,000 |
| Asian | 51 | $11,122,000 | $218,000 | $1,000,000 | $140,000 | $1,440,000 |
| American Indian or Alaskan Native | 5 | $772,000 | $154,000 | $292,000 | $72,000 | $110,000 |
| Not applicable | 5 | $1,324,000 | $264,000 | $650,000 | $50,000 | $254,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 1,998 | $418,849,000 | $209,000 | $3,500,000 | $113,000 | $2,568,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 1,472 | $311,660,000 | $211,000 | $3,500,000 | $116,000 | $2,568,000 |
| Application Withdrawn By Applicant | 221 | $46,742,000 | $211,000 | $2,450,000 | $113,000 | $1,842,000 |
| Application Approved But Not Accepted | 177 | $34,843,000 | $196,000 | $994,000 | $108,000 | $744,000 |
| Application Denied By Financial Institution | 119 | $24,534,000 | $206,000 | $3,405,000 | $96,000 | $1,420,000 |
| Preapproval Denied by Financial Institution | 9 | $1,070,000 | $118,000 | $340,000 | $49,000 | $79,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 57 | $11,654,000 | $204,000 | $900,000 | $81,000 | $420,000 |
| Debt-To-Income Ratio | 25 | $4,048,000 | $161,000 | $725,000 | $66,000 | $186,000 |
| Collateral | 23 | $4,095,000 | $178,000 | $400,000 | $108,000 | $228,000 |
| Employment History | 10 | $1,172,000 | $117,000 | $240,000 | $71,000 | $112,000 |
| Unverifiable Information | 5 | $474,000 | $94,000 | $268,000 | $97,000 | $186,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $3,703,000 | $925,000 | $3,405,000 | $392,000 | $1,420,000 |
| Mortgage Insurance Denied | 4 | $458,000 | $114,000 | $216,000 | $81,000 | $240,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Penn 1st Financial's 2006 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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with aggregated HMDA statistics today.
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