Phoenixville Federal Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, Phoenixville Federal Bank & Trust of Phoenixville, PA reported 108 mortgage applications totaling $24.4 million, down 28% from 2017. The average application was for $225,648, and applicants reported an average income of $220,907. 85% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (78), Philadelphia, PA (19) and Ocean City, NJ (3) (applications in parentheses).
| Mortgage Company & Address | Phoenixville Federal Bank & Trust P.O. Box 629 564 Nutt Rd Phoenixville, PA 19460 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 108 |
| Total Mortgage Loan Application Amount | $24,370,000 |
| Average Mortgage Loan Application Amount | $225,648 |
| Highest Mortgage Loan Application Amount | $965,000 |
| Average Applicant Income | $220,907 |
| Highest Applicant Income | $1,254,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Phoenixville Federal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 47 | $ 10,755,000 | $ 228,829 | $ 169,000 |
| Montgomery, Pennsylvania | 30 | $ 5,940,000 | $ 198,000 | $ 152,000 |
| Delaware, Pennsylvania | 12 | $ 2,450,000 | $ 204,166 | $ 271,000 |
| Philadelphia, Pennsylvania | 7 | $ 1,145,000 | $ 163,571 | $ 321,000 |
| Cape May, New Jersey | 3 | $ 1,835,000 | $ 611,666 | $ 649,000 |
| Berks, Pennsylvania | 2 | $ 330,000 | $ 165,000 | $ 231,000 |
| Mendocino, California | 1 | $ 555,000 | $ 555,000 | $ 280,000 |
| Pinellas, Florida | 1 | $ 165,000 | $ 165,000 | $ 467,000 |
| Worcester, Massachusetts | 1 | $ 255,000 | $ 255,000 | $ 144,000 |
| Camden, New Jersey | 1 | $ 435,000 | $ 435,000 | $ 247,000 |
| Bucks, Pennsylvania | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Columbia, Pennsylvania | 1 | $ 95,000 | $ 95,000 | $ 126,000 |
| Potter, Pennsylvania | 1 | $ 105,000 | $ 105,000 | $ 685,000 |
Mortgage Loan Application Detail Totals for Phoenixville Federal Bank & Trust in 2018
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 | 44 | $15,040,000 | $341,000 | $965,000 | $249,000 | $1,254,000 |
| Cash-out Refinancing | 26 | $3,630,000 | $139,000 | $365,000 | $208,000 | $629,000 |
| Refinancing | 22 | $4,580,000 | $208,000 | $585,000 | $239,000 | $698,000 |
| Home Improvement | 10 | $790,000 | $79,000 | $235,000 | $163,000 | $297,000 |
| Other Purpose | 6 | $330,000 | $55,000 | $115,000 | $101,000 | $135,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 78 | $14,250,000 | $182,000 | $885,000 | $228,000 | $1,254,000 |
| Not applicable | 20 | $7,770,000 | $388,000 | $965,000 | $0 | $0 |
| Not Provided | 6 | $1,150,000 | $191,000 | $295,000 | $136,000 | $262,000 |
| Black or African American | 2 | $480,000 | $240,000 | $415,000 | $131,000 | $195,000 |
| American Indian or Alaskan Native | 1 | $565,000 | $565,000 | $565,000 | $260,000 | $260,000 |
| Asian | 1 | $155,000 | $155,000 | $155,000 | $45,000 | $45,000 |
| 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) | 108 | $24,370,000 | $225,000 | $965,000 | $217,000 | $1,254,000 |
| 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 | 92 | $18,990,000 | $206,000 | $885,000 | $223,000 | $1,254,000 |
| Application Approved But Not Accepted | 5 | $2,385,000 | $477,000 | $965,000 | $162,000 | $201,000 |
| Application Withdrawn By Applicant | 5 | $1,145,000 | $229,000 | $435,000 | $165,000 | $247,000 |
| Loan Purchased By The Institution | 4 | $1,790,000 | $447,000 | $655,000 | $0 | $0 |
| Application Denied By Financial Institution | 2 | $60,000 | $30,000 | $45,000 | $106,000 | $106,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 106 | $24,310,000 | $229,000 | $965,000 | $219,000 | $1,254,000 |
| Credit History | 1 | $15,000 | $15,000 | $15,000 | $0 | $0 |
| Debt-To-Income Ratio | 1 | $45,000 | $45,000 | $45,000 | $106,000 | $106,000 |
| 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 & Trust's 2018 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 & Trust'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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