Phoenixville Federal Bank & Tr Mortgage Lending & HMDA Data, 2005
In 2005, Phoenixville Federal Bank & Tr of Phoenixville, PA reported 311 mortgage applications totaling $41.2 million, down 17% from 2004. The average application was for $132,549, and applicants reported an average income of $79,807. 89% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Philadelphia, PA (291), Reading, PA (10) and Cape Coral-Fort Myers, FL (1) (applications in parentheses).
| Mortgage Company & Address | Phoenixville Federal Bank & Tr 564 Nutt Road (Rt. 23), P.O. Box 629 Phoenixville, PA 19460 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 311 |
| Total Mortgage Loan Application Amount | $41,223,000 |
| Average Mortgage Loan Application Amount | $132,549 |
| Highest Mortgage Loan Application Amount | $890,000 |
| Average Applicant Income | $79,807 |
| Highest Applicant Income | $649,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Phoenixville Federal Bank & Tr filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chester, Pennsylvania | 164 | $ 23,467,000 | $ 143,091 | $ 76,000 |
| Montgomery, Pennsylvania | 124 | $ 13,084,000 | $ 105,516 | $ 64,000 |
| Berks, Pennsylvania | 10 | $ 2,260,000 | $ 226,000 | $ 97,000 |
| Delaware, Pennsylvania | 3 | $ 462,000 | $ 154,000 | $ 124,000 |
| Atlantic, New Jersey | 2 | $ 759,000 | $ 379,500 | $ 289,000 |
| Monroe, Pennsylvania | 2 | $ 145,000 | $ 72,500 | $ 91,000 |
| Lee, Florida | 1 | $ 300,000 | $ 300,000 | $ 364,000 |
| Ocean, New Jersey | 1 | $ 216,000 | $ 216,000 | $ 136,000 |
| Schuylkill, Pennsylvania | 1 | $ 100,000 | $ 100,000 | $ 52,000 |
| Horry, South Carolina | 1 | $ 120,000 | $ 120,000 | $ 144,000 |
Mortgage Loan Application Detail Totals for Phoenixville Federal Bank & Tr in 2005
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 | 122 | $15,285,000 | $112,500 | $840,000 | $122,000 | $430,000 |
| Home Improvement | 98 | $6,120,000 | $62,000 | $400,000 | $75,000 | $232,000 |
| Home Purchase | 91 | $19,818,000 | $233,800 | $890,000 | $190,000 | $649,000 |
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 | 288 | $36,062,000 | $204,400 | $840,000 | $190,400 | $430,000 |
| Not applicable | 13 | $4,212,000 | $324,000 | $890,000 | $78,000 | $649,000 |
| Asian | 4 | $332,000 | $83,000 | $232,000 | $96,000 | $178,000 |
| Black or African American | 3 | $87,000 | $29,000 | $70,000 | $68,000 | $135,000 |
| Hispanic | 3 | $530,000 | $176,000 | $380,000 | $89,000 | $116,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 311 | $41,223,000 | $205,800 | $890,000 | $191,000 | $649,000 |
| 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 | 276 | $37,470,000 | $195,600 | $890,000 | $196,200 | $649,000 |
| Application Denied By Financial Institution | 17 | $1,458,000 | $85,000 | $225,000 | $47,000 | $153,000 |
| Application Withdrawn By Applicant | 14 | $1,679,000 | $161,500 | $300,000 | $102,000 | $147,000 |
| Application Approved But Not Accepted | 4 | $616,000 | $154,000 | $292,000 | $91,000 | $140,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 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 | 10 | $975,000 | $97,000 | $225,000 | $61,000 | $153,000 |
| Debt-To-Income Ratio | 7 | $483,000 | $69,000 | $178,000 | $31,000 | $51,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Phoenixville Federal Bank & Tr's 2005 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 Phoenixville Federal Bank & Tr'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.
For a list of all lenders in Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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