Phoenixville Federal Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, Phoenixville Federal Bank & Trust of Phoenixville, PA reported 177 mortgage applications totaling $50.3 million, up 64% from 2018. The average application was for $284,039, and applicants reported an average income of $171,248. 64% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (135), Philadelphia, PA (19) and Ocean City, NJ (7) (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 | 177 |
| Total Mortgage Loan Application Amount | $50,275,000 |
| Average Mortgage Loan Application Amount | $284,039 |
| Highest Mortgage Loan Application Amount | $1,265,000 |
| Average Applicant Income | $171,248 |
| Highest Applicant Income | $1,521,000 |
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Phoenixville Federal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 75 | $ 16,535,000 | $ 220,466 | $ 155,000 |
| Montgomery, Pennsylvania | 55 | $ 13,535,000 | $ 246,090 | $ 162,000 |
| Philadelphia, Pennsylvania | 13 | $ 4,965,000 | $ 381,923 | $ 105,000 |
| Cape May, New Jersey | 7 | $ 5,125,000 | $ 732,142 | $ 1,521,000 |
| Delaware, Pennsylvania | 6 | $ 2,640,000 | $ 440,000 | $ 334,000 |
| Bucks, Pennsylvania | 5 | $ 3,195,000 | $ 639,000 | $ 0 |
| Atlantic, New Jersey | 4 | $ 1,140,000 | $ 285,000 | $ 179,000 |
| Berks, Pennsylvania | 4 | $ 600,000 | $ 150,000 | $ 105,000 |
| Kent, Maryland | 2 | $ 870,000 | $ 435,000 | $ 356,000 |
| Camden, New Jersey | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Centre, Pennsylvania | 1 | $ 635,000 | $ 635,000 | $ 0 |
| Lehigh, Pennsylvania | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Monroe, Pennsylvania | 1 | $ 115,000 | $ 115,000 | $ 42,000 |
| Northampton, Pennsylvania | 1 | $ 155,000 | $ 155,000 | $ 67,000 |
| Loudoun, Virginia | 1 | $ 205,000 | $ 205,000 | $ 318,000 |
Mortgage Loan Application Detail Totals for Phoenixville Federal Bank & Trust in 2019
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 | 74 | $27,180,000 | $367,000 | $1,125,000 | $153,000 | $515,000 |
| Cash-out Refinancing | 44 | $10,910,000 | $247,000 | $1,265,000 | $145,000 | $1,013,000 |
| Refinancing | 34 | $9,900,000 | $291,000 | $845,000 | $226,000 | $1,521,000 |
| Home Improvement | 13 | $1,015,000 | $78,000 | $345,000 | $149,000 | $293,000 |
| Other Purpose | 12 | $1,270,000 | $105,000 | $375,000 | $249,000 | $943,000 |
| 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 | 108 | $21,840,000 | $202,000 | $845,000 | $171,000 | $1,521,000 |
| Not applicable | 53 | $24,965,000 | $471,000 | $1,265,000 | $0 | $0 |
| Black or African American | 6 | $1,730,000 | $288,000 | $1,065,000 | $272,000 | $1,013,000 |
| Not Provided | 5 | $1,065,000 | $213,000 | $305,000 | $193,000 | $318,000 |
| Asian | 2 | $220,000 | $110,000 | $145,000 | $36,000 | $36,000 |
| Hispanic | 1 | $235,000 | $235,000 | $235,000 | $207,000 | $207,000 |
| 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) | 177 | $50,275,000 | $284,000 | $1,265,000 | $174,000 | $1,521,000 |
| 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 | 114 | $23,340,000 | $204,000 | $1,065,000 | $179,000 | $1,521,000 |
| Loan Purchased By The Institution | 40 | $22,170,000 | $554,000 | $1,265,000 | $0 | $0 |
| Application Denied By Financial Institution | 10 | $1,400,000 | $140,000 | $425,000 | $172,000 | $318,000 |
| Application Approved But Not Accepted | 9 | $2,145,000 | $238,000 | $525,000 | $111,000 | $285,000 |
| Application Withdrawn By Applicant | 3 | $735,000 | $245,000 | $495,000 | $0 | $0 |
| File Closed For Incompleteness | 1 | $485,000 | $485,000 | $485,000 | $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 | 167 | $48,875,000 | $292,000 | $1,265,000 | $174,000 | $1,521,000 |
| Debt-To-Income Ratio | 4 | $360,000 | $90,000 | $155,000 | $119,000 | $140,000 |
| Credit History | 3 | $495,000 | $165,000 | $425,000 | $0 | $0 |
| Unverifiable Information | 1 | $305,000 | $305,000 | $305,000 | $135,000 | $135,000 |
| Credit Application Incomplete | 1 | $35,000 | $35,000 | $35,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $205,000 | $205,000 | $205,000 | $318,000 | $318,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Phoenixville Federal Bank & Trust's 2019 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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