Phoenixville Federal Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, Phoenixville Federal Bank & Trust of Phoenixville, PA reported 241 mortgage applications totaling $97.4 million, up 6% from 2021. The average application was for $404,128, and applicants reported an average income of $227,556. 57% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (164), Philadelphia, PA (43) and Ocean City, NJ (9) (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 | 241 |
| Total Mortgage Loan Application Amount | $97,395,000 |
| Average Mortgage Loan Application Amount | $404,128 |
| Highest Mortgage Loan Application Amount | $3,205,000 |
| Average Applicant Income | $227,556 |
| Highest Applicant Income | $4,474,000 |
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Phoenixville Federal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 92 | $ 27,510,000 | $ 299,021 | $ 185,000 |
| Montgomery, Pennsylvania | 64 | $ 29,360,000 | $ 458,750 | $ 267,000 |
| Philadelphia, Pennsylvania | 33 | $ 14,265,000 | $ 432,272 | $ 171,000 |
| Delaware, Pennsylvania | 10 | $ 6,000,000 | $ 600,000 | $ 278,000 |
| Cape May, New Jersey | 9 | $ 5,235,000 | $ 581,666 | $ 0 |
| Berks, Pennsylvania | 8 | $ 1,290,000 | $ 161,250 | $ 138,000 |
| Bucks, Pennsylvania | 8 | $ 5,400,000 | $ 675,000 | $ 332,000 |
| Atlantic, New Jersey | 2 | $ 870,000 | $ 435,000 | $ 0 |
| Camden, New Jersey | 2 | $ 1,050,000 | $ 525,000 | $ 0 |
| Lancaster, Pennsylvania | 2 | $ 330,000 | $ 165,000 | $ 125,000 |
| New Castle, Delaware | 1 | $ 1,605,000 | $ 1,605,000 | $ 0 |
| York, Maine | 1 | $ 485,000 | $ 485,000 | $ 300,000 |
| Frederick, Maryland | 1 | $ 635,000 | $ 635,000 | $ 312,000 |
| Worcester, Maryland | 1 | $ 105,000 | $ 105,000 | $ 89,000 |
| Van Buren, Michigan | 1 | $ 475,000 | $ 475,000 | $ 401,000 |
| Burlington, New Jersey | 1 | $ 305,000 | $ 305,000 | $ 110,000 |
| Gloucester, New Jersey | 1 | $ 585,000 | $ 585,000 | $ 0 |
| Mercer, New Jersey | 1 | $ 175,000 | $ 175,000 | $ 288,000 |
| Wayne, Pennsylvania | 1 | $ 595,000 | $ 595,000 | $ 300,000 |
| Fairfax, Virginia | 1 | $ 785,000 | $ 785,000 | $ 618,000 |
| Northampton, Virginia | 1 | $ 335,000 | $ 335,000 | $ 91,000 |
Mortgage Loan Application Detail Totals for Phoenixville Federal Bank & Trust in 2022
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 | 122 | $66,550,000 | $545,000 | $3,205,000 | $293,000 | $4,474,000 |
| Cash-out Refinancing | 39 | $15,355,000 | $393,000 | $2,105,000 | $157,000 | $659,000 |
| Refinancing | 36 | $9,770,000 | $271,000 | $1,605,000 | $131,000 | $301,000 |
| Home Improvement | 24 | $3,480,000 | $145,000 | $1,605,000 | $239,000 | $666,000 |
| Other Purpose | 20 | $2,240,000 | $112,000 | $445,000 | $126,000 | $533,000 |
| 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 | 112 | $30,520,000 | $272,000 | $2,565,000 | $214,000 | $4,474,000 |
| Not applicable | 97 | $57,465,000 | $592,000 | $3,205,000 | $0 | $0 |
| Not Provided | 22 | $5,300,000 | $240,000 | $675,000 | $204,000 | $666,000 |
| Black or African American | 5 | $2,615,000 | $523,000 | $785,000 | $299,000 | $618,000 |
| Asian | 2 | $1,090,000 | $545,000 | $595,000 | $212,000 | $300,000 |
| American Indian or Alaskan Native | 1 | $45,000 | $45,000 | $45,000 | $34,000 | $34,000 |
| Hispanic | 1 | $255,000 | $255,000 | $255,000 | $112,000 | $112,000 |
| 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) | 241 | $97,395,000 | $404,000 | $3,205,000 | $212,000 | $4,474,000 |
| 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 | 138 | $46,790,000 | $339,000 | $2,565,000 | $215,000 | $4,474,000 |
| Loan Purchased By The Institution | 70 | $40,940,000 | $584,000 | $3,205,000 | $0 | $0 |
| Application Withdrawn By Applicant | 14 | $3,980,000 | $284,000 | $675,000 | $192,000 | $429,000 |
| Application Denied By Financial Institution | 10 | $1,130,000 | $113,000 | $385,000 | $143,000 | $554,000 |
| Application Approved But Not Accepted | 9 | $4,555,000 | $506,000 | $1,925,000 | $271,000 | $730,000 |
| 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 | 241 | $97,395,000 | $404,000 | $3,205,000 | $212,000 | $4,474,000 |
| 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 2022 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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