Phoenixville Federal Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, Phoenixville Federal Bank & Trust of Phoenixville, PA reported 228 mortgage applications totaling $69.7 million, down 1% from 2020. The average application was for $305,570, and applicants reported an average income of $165,535. 80% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (190), Philadelphia, PA (13) and Ocean City, NJ (5) (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 | 228 |
| Total Mortgage Loan Application Amount | $69,670,000 |
| Average Mortgage Loan Application Amount | $305,570 |
| Highest Mortgage Loan Application Amount | $2,885,000 |
| Average Applicant Income | $165,535 |
| Highest Applicant Income | $890,000 |
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Phoenixville Federal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 114 | $ 34,100,000 | $ 299,122 | $ 172,000 |
| Montgomery, Pennsylvania | 72 | $ 16,940,000 | $ 235,277 | $ 143,000 |
| Philadelphia, Pennsylvania | 7 | $ 2,955,000 | $ 422,142 | $ 89,000 |
| Delaware, Pennsylvania | 6 | $ 3,310,000 | $ 551,666 | $ 180,000 |
| Cape May, New Jersey | 5 | $ 1,975,000 | $ 395,000 | $ 396,000 |
| Berks, Pennsylvania | 4 | $ 1,390,000 | $ 347,500 | $ 112,000 |
| Bucks, Pennsylvania | 4 | $ 1,160,000 | $ 290,000 | $ 288,000 |
| New Castle, Delaware | 2 | $ 3,250,000 | $ 1,625,000 | $ 220,000 |
| Ocean, New Jersey | 2 | $ 380,000 | $ 190,000 | $ 305,000 |
| Maricopa, Arizona | 1 | $ 285,000 | $ 285,000 | $ 553,000 |
| Pinellas, Florida | 1 | $ 405,000 | $ 405,000 | $ 280,000 |
| Kane, Illinois | 1 | $ 745,000 | $ 745,000 | $ 395,000 |
| Wicomico, Maryland | 1 | $ 125,000 | $ 125,000 | $ 24,000 |
| Gloucester, New Jersey | 1 | $ 255,000 | $ 255,000 | $ 125,000 |
| Monmouth, New Jersey | 1 | $ 795,000 | $ 795,000 | $ 0 |
| Catawba, North Carolina | 1 | $ 285,000 | $ 285,000 | $ 117,000 |
| Allegheny, Pennsylvania | 1 | $ 475,000 | $ 475,000 | $ 199,000 |
| Lancaster, Pennsylvania | 1 | $ 265,000 | $ 265,000 | $ 144,000 |
| Northampton, Pennsylvania | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
| Perry, Pennsylvania | 1 | $ 145,000 | $ 145,000 | $ 55,000 |
| Schuylkill, Pennsylvania | 1 | $ 255,000 | $ 255,000 | $ 247,000 |
Mortgage Loan Application Detail Totals for Phoenixville Federal Bank & Trust in 2021
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 | 79 | $24,315,000 | $307,000 | $2,885,000 | $165,000 | $760,000 |
| Cash-out Refinancing | 64 | $17,800,000 | $278,000 | $965,000 | $162,000 | $890,000 |
| Home Purchase | 57 | $23,005,000 | $403,000 | $1,275,000 | $157,000 | $634,000 |
| Home Improvement | 14 | $2,090,000 | $149,000 | $685,000 | $164,000 | $484,000 |
| Other Purpose | 14 | $2,460,000 | $175,000 | $425,000 | $221,000 | $444,000 |
| 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 | 170 | $42,490,000 | $249,000 | $965,000 | $162,000 | $760,000 |
| Not applicable | 31 | $20,185,000 | $651,000 | $2,885,000 | $0 | $0 |
| Not Provided | 17 | $4,185,000 | $246,000 | $685,000 | $178,000 | $890,000 |
| Asian | 6 | $1,420,000 | $236,000 | $355,000 | $211,000 | $285,000 |
| Black or African American | 3 | $1,105,000 | $368,000 | $745,000 | $236,000 | $395,000 |
| Hispanic | 1 | $285,000 | $285,000 | $285,000 | $273,000 | $273,000 |
| 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) | 228 | $69,670,000 | $305,000 | $2,885,000 | $166,000 | $890,000 |
| 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 | 183 | $53,485,000 | $292,000 | $2,885,000 | $175,000 | $890,000 |
| Application Withdrawn By Applicant | 19 | $5,745,000 | $302,000 | $1,225,000 | $117,000 | $346,000 |
| Loan Purchased By The Institution | 10 | $6,130,000 | $613,000 | $1,145,000 | $0 | $0 |
| Application Denied By Financial Institution | 9 | $1,365,000 | $151,000 | $275,000 | $65,000 | $128,000 |
| Application Approved But Not Accepted | 7 | $2,945,000 | $420,000 | $965,000 | $218,000 | $293,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 228 | $69,670,000 | $305,000 | $2,885,000 | $166,000 | $890,000 |
| 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 |
| Not applicable | 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Phoenixville Federal Bank & Trust's 2021 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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