Phoenixville Federal Bank & Tr Mortgage Lending & HMDA Data, 2014
In 2014, Phoenixville Federal Bank & Tr of Phoenixville, PA reported 133 mortgage applications totaling $23.0 million, down 51% from 2013. The average application was for $172,954, and applicants reported an average income of $114,451. 94% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (116), Reading, PA (5) and Philadelphia, PA (4) (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 | 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 133 |
| Total Mortgage Loan Application Amount | $23,003,000 |
| Average Mortgage Loan Application Amount | $172,954 |
| Highest Mortgage Loan Application Amount | $700,000 |
| Average Applicant Income | $114,451 |
| Highest Applicant Income | $403,000 |
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records Phoenixville Federal Bank & Tr filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 66 | $ 12,381,000 | $ 187,590 | $ 105,000 |
| Montgomery, Pennsylvania | 48 | $ 6,889,000 | $ 143,520 | $ 121,000 |
| Berks, Pennsylvania | 5 | $ 430,000 | $ 86,000 | $ 104,000 |
| Delaware, Pennsylvania | 3 | $ 842,000 | $ 280,666 | $ 154,000 |
| Cape May, New Jersey | 2 | $ 627,000 | $ 313,500 | $ 259,000 |
| Bucks, Pennsylvania | 2 | $ 822,000 | $ 411,000 | $ 177,000 |
| Monroe, Pennsylvania | 2 | $ 140,000 | $ 70,000 | $ 42,000 |
| Worcester, Maryland | 1 | $ 200,000 | $ 200,000 | $ 92,000 |
| Ocean, New Jersey | 1 | $ 142,000 | $ 142,000 | $ 151,000 |
| Cumberland, Pennsylvania | 1 | $ 158,000 | $ 158,000 | $ 119,000 |
| Northampton, Pennsylvania | 1 | $ 182,000 | $ 182,000 | $ 117,000 |
| Philadelphia, Pennsylvania | 1 | $ 190,000 | $ 190,000 | $ 81,000 |
Mortgage Loan Application Detail Totals for Phoenixville Federal Bank & Tr in 2014
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 | 75 | $13,758,000 | $183,000 | $417,000 | $124,000 | $400,000 |
| Refinancing | 37 | $7,420,000 | $200,000 | $700,000 | $105,000 | $403,000 |
| Home Improvement | 21 | $1,825,000 | $86,000 | $417,000 | $97,000 | $394,000 |
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 | 106 | $17,813,000 | $168,000 | $417,000 | $109,000 | $323,000 |
| Black or African American | 11 | $1,243,000 | $113,000 | $417,000 | $272,000 | $403,000 |
| Not applicable | 10 | $2,522,000 | $252,000 | $700,000 | $0 | $0 |
| Asian | 4 | $948,000 | $237,000 | $405,000 | $154,000 | $270,000 |
| Not Provided | 2 | $477,000 | $238,000 | $384,000 | $59,000 | $118,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 133 | $23,003,000 | $172,000 | $700,000 | $114,000 | $403,000 |
| 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 | 125 | $20,544,000 | $164,000 | $476,000 | $118,000 | $403,000 |
| Application Approved But Not Accepted | 3 | $1,208,000 | $402,000 | $700,000 | $17,000 | $52,000 |
| Application Withdrawn By Applicant | 3 | $891,000 | $297,000 | $417,000 | $97,000 | $174,000 |
| Application Denied By Financial Institution | 2 | $360,000 | $180,000 | $200,000 | $81,000 | $115,000 |
| 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 | 1 | $200,000 | $200,000 | $200,000 | $115,000 | $115,000 |
| Debt-To-Income Ratio | 1 | $160,000 | $160,000 | $160,000 | $48,000 | $48,000 |
| 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 2014 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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