Phoenixville Federal Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, Phoenixville Federal Bank & Trust of Phoenixville, PA reported 161 mortgage applications totaling $39.6 million, down 33% from 2022. The average application was for $246,055, and applicants reported an average income of $200,745. 78% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (128), Philadelphia, PA (17) and Reading, PA (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 | 161 |
| Total Mortgage Loan Application Amount | $39,615,000 |
| Average Mortgage Loan Application Amount | $246,055 |
| Highest Mortgage Loan Application Amount | $2,325,000 |
| Average Applicant Income | $200,745 |
| Highest Applicant Income | $1,843,000 |
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Phoenixville Federal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 72 | $ 13,450,000 | $ 186,805 | $ 160,000 |
| Montgomery, Pennsylvania | 55 | $ 12,425,000 | $ 225,909 | $ 212,000 |
| Philadelphia, Pennsylvania | 13 | $ 5,845,000 | $ 449,615 | $ 222,000 |
| Berks, Pennsylvania | 5 | $ 1,805,000 | $ 361,000 | $ 140,000 |
| Delaware, Pennsylvania | 4 | $ 1,460,000 | $ 365,000 | $ 220,000 |
| Cape May, New Jersey | 3 | $ 2,105,000 | $ 701,666 | $ 528,000 |
| Sarasota, Florida | 1 | $ 165,000 | $ 165,000 | $ 118,000 |
| Anne Arundel, Maryland | 1 | $ 355,000 | $ 355,000 | $ 406,000 |
| Mercer, New Jersey | 1 | $ 275,000 | $ 275,000 | $ 399,000 |
| Bucks, Pennsylvania | 1 | $ 315,000 | $ 315,000 | $ 259,000 |
| Cumberland, Pennsylvania | 1 | $ 205,000 | $ 205,000 | $ 187,000 |
| Dauphin, Pennsylvania | 1 | $ 165,000 | $ 165,000 | $ 157,000 |
| Luzerne, Pennsylvania | 1 | $ 245,000 | $ 245,000 | $ 549,000 |
| Sullivan, Pennsylvania | 1 | $ 345,000 | $ 345,000 | $ 557,000 |
| Henrico, Virginia | 1 | $ 455,000 | $ 455,000 | $ 275,000 |
Mortgage Loan Application Detail Totals for Phoenixville Federal Bank & Trust in 2023
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 | $17,780,000 | $404,000 | $1,705,000 | $272,000 | $557,000 |
| Cash-out Refinancing | 36 | $12,470,000 | $346,000 | $2,325,000 | $189,000 | $641,000 |
| Other Purpose | 35 | $3,665,000 | $104,000 | $405,000 | $204,000 | $1,843,000 |
| Home Improvement | 26 | $1,740,000 | $66,000 | $205,000 | $158,000 | $559,000 |
| Refinancing | 20 | $3,960,000 | $198,000 | $685,000 | $115,000 | $275,000 |
| 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 | 96 | $16,150,000 | $168,000 | $805,000 | $174,000 | $754,000 |
| Not applicable | 29 | $16,785,000 | $578,000 | $2,325,000 | $0 | $0 |
| Not Provided | 24 | $4,360,000 | $181,000 | $545,000 | $268,000 | $1,843,000 |
| Black or African American | 3 | $575,000 | $191,000 | $285,000 | $153,000 | $222,000 |
| Hispanic | 2 | $620,000 | $310,000 | $415,000 | $257,000 | $292,000 |
| American Indian or Alaskan Native | 2 | $80,000 | $40,000 | $55,000 | $68,000 | $114,000 |
| Asian | 1 | $115,000 | $115,000 | $115,000 | $217,000 | $217,000 |
| 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) | 161 | $39,615,000 | $246,000 | $2,325,000 | $196,000 | $1,843,000 |
| 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 | 126 | $29,620,000 | $235,000 | $2,325,000 | $204,000 | $1,843,000 |
| Application Denied By Financial Institution | 14 | $2,060,000 | $147,000 | $545,000 | $127,000 | $388,000 |
| Application Approved But Not Accepted | 7 | $2,205,000 | $315,000 | $605,000 | $218,000 | $289,000 |
| Application Withdrawn By Applicant | 6 | $2,040,000 | $340,000 | $685,000 | $258,000 | $429,000 |
| Loan Purchased By The Institution | 5 | $3,345,000 | $669,000 | $1,145,000 | $0 | $0 |
| File Closed For Incompleteness | 3 | $345,000 | $115,000 | $215,000 | $93,000 | $114,000 |
| 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 | 161 | $39,615,000 | $246,000 | $2,325,000 | $196,000 | $1,843,000 |
| 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 2023 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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