Phoenixville Federal Bank & Tr Mortgage Lending & HMDA Data, 2003
In 2003, Phoenixville Federal Bank & Tr of Phoenixville, PA reported 530 mortgage applications totaling $64.5 million. The average application was for $121,700, and applicants reported an average income of $82,005. 94% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Philadelphia, PA-NJ (505), Reading, PA (18) and Allentown-Bethlehem-Easton, PA (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 | 530 |
| Total Mortgage Loan Application Amount | $64,501,000 |
| Average Mortgage Loan Application Amount | $121,700 |
| Highest Mortgage Loan Application Amount | $1,600,000 |
| Average Applicant Income | $82,005 |
| Highest Applicant Income | $584,000 |
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records Phoenixville Federal Bank & Tr filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Phoenixville Federal Bank & Tr in 2003
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 (home purchase or home improvement, one-to-four family) | 414 | $49,583,000 | $94,000 | $1,600,000 | $61,666 | $564,000 |
| Home Purchase (one-to-four family) | 62 | $9,798,000 | $217,000 | $452,000 | $253,666 | $584,000 |
| Home Improvement (one-to-four family) | 45 | $1,183,000 | $26,000 | $152,000 | $57,000 | $177,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 9 | $3,937,000 | $437,000 | $1,100,000 | $0 | $0 |
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 | 505 | $59,328,000 | $165,750 | $1,600,000 | $202,250 | $584,000 |
| Not applicable | 14 | $3,359,000 | $239,000 | $765,000 | $60,000 | $357,000 |
| Asian or Pacific Islander | 5 | $953,000 | $190,000 | $294,000 | $93,000 | $131,000 |
| Black | 2 | $126,000 | $63,000 | $99,000 | $69,000 | $71,000 |
| American Indian or Alaskan Native | 2 | $478,000 | $239,000 | $365,000 | $74,000 | $117,000 |
| Other | 1 | $182,000 | $182,000 | $182,000 | $84,000 | $84,000 |
| Hispanic | 1 | $75,000 | $75,000 | $75,000 | $141,000 | $141,000 |
| Information not provided by applicant in mail or telephone application | 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) | 530 | $64,501,000 | $156,000 | $1,600,000 | $168,600 | $584,000 |
| 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 | 498 | $60,905,000 | $156,000 | $1,600,000 | $169,800 | $584,000 |
| Application Denied By Financial Institution | 22 | $2,720,000 | $123,000 | $370,000 | $50,000 | $109,000 |
| Application Withdrawn By Applicant | 8 | $728,000 | $91,000 | $132,000 | $105,000 | $285,000 |
| Application Approved But Not Accepted | 2 | $148,000 | $74,000 | $78,000 | $22,000 | $23,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 11 | $1,655,000 | $150,000 | $370,000 | $56,000 | $93,000 |
| Debt-To-Income Ratio | 9 | $833,000 | $92,000 | $180,000 | $28,000 | $66,000 |
| Collateral | 2 | $232,000 | $116,000 | $220,000 | $74,000 | $109,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Phoenixville Federal Bank & Tr's 2003 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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