Phoenixville Federal Bank & Tr Mortgage Lending & HMDA Data, 2013
In 2013, Phoenixville Federal Bank & Tr of Phoenixville, PA reported 272 mortgage applications totaling $45.4 million, up 14% from 2012. The average application was for $167,003, and applicants reported an average income of $136,477. 93% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Philadelphia, PA (241), Reading, PA (9) and Camden, NJ (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 | 272 |
| Total Mortgage Loan Application Amount | $45,425,000 |
| Average Mortgage Loan Application Amount | $167,003 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $136,477 |
| Highest Applicant Income | $1,000,000 |
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records Phoenixville Federal Bank & Tr filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 241 | $ 40,010,000 | $ 166,016 | $ 128,000 |
| Reading, PA | 9 | $ 1,228,000 | $ 136,444 | $ 65,000 |
| Camden, NJ | 4 | $ 564,000 | $ 141,000 | $ 304,000 |
| Ocean City, NJ | 4 | $ 1,254,000 | $ 313,500 | $ 430,000 |
| Harrisburg-Carlisle, PA | 2 | $ 245,000 | $ 122,500 | $ 60,000 |
| Newark-Union, NJ-PA | 2 | $ 447,000 | $ 223,500 | $ 189,000 |
| Binghamton, NY | 1 | $ 117,000 | $ 117,000 | $ 45,000 |
| Lancaster, PA | 1 | $ 280,000 | $ 280,000 | $ 149,000 |
| Phoenix-Mesa-Glendale, AZ | 1 | $ 240,000 | $ 240,000 | $ 489,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 150,000 | $ 150,000 | $ 93,000 |
| Wilmington, DE-MD-NJ | 1 | $ 248,000 | $ 248,000 | $ 415,000 |
Mortgage Loan Application Detail Totals for Phoenixville Federal Bank & Tr in 2013
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 | 174 | $29,205,000 | $167,000 | $417,000 | $140,000 | $811,000 |
| Home Purchase | 68 | $12,646,000 | $185,000 | $417,000 | $144,000 | $1,000,000 |
| Home Improvement | 30 | $3,574,000 | $119,000 | $352,000 | $99,000 | $230,000 |
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 | 241 | $39,957,000 | $165,000 | $417,000 | $135,000 | $1,000,000 |
| Not applicable | 7 | $1,181,000 | $168,000 | $375,000 | $0 | $0 |
| Not Provided | 7 | $1,289,000 | $184,000 | $400,000 | $132,000 | $224,000 |
| Asian | 7 | $1,526,000 | $218,000 | $335,000 | $139,000 | $177,000 |
| Black or African American | 7 | $1,009,000 | $144,000 | $417,000 | $326,000 | $415,000 |
| Hispanic | 3 | $463,000 | $154,000 | $242,000 | $91,000 | $185,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 272 | $45,425,000 | $167,000 | $417,000 | $136,000 | $1,000,000 |
| 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 | 252 | $42,748,000 | $169,000 | $417,000 | $142,000 | $1,000,000 |
| Application Denied By Financial Institution | 8 | $615,000 | $76,000 | $244,000 | $58,000 | $146,000 |
| Application Withdrawn By Applicant | 6 | $1,056,000 | $176,000 | $335,000 | $54,000 | $95,000 |
| File Closed For Incompleteness | 3 | $637,000 | $212,000 | $400,000 | $128,000 | $192,000 |
| Application Approved But Not Accepted | 3 | $369,000 | $123,000 | $144,000 | $68,000 | $115,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 4 | $269,000 | $67,000 | $106,000 | $46,000 | $73,000 |
| Collateral | 3 | $102,000 | $34,000 | $60,000 | $93,000 | $146,000 |
| Credit Application Incomplete | 1 | $244,000 | $244,000 | $244,000 | $0 | $0 |
| Credit History | 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 2013 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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