Phoenixville Federal Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, Phoenixville Federal Bank & Trust of Phoenixville, PA reported 106 mortgage applications totaling $36.2 million, down 34% from 2023. The average application was for $341,132, and applicants reported an average income of $216,113. 79% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (84), Philadelphia, PA (6) and Reading, PA (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 | 106 |
| Total Mortgage Loan Application Amount | $36,160,000 |
| Average Mortgage Loan Application Amount | $341,132 |
| Highest Mortgage Loan Application Amount | $3,065,000 |
| Average Applicant Income | $216,113 |
| Highest Applicant Income | $2,421,000 |
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Phoenixville Federal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 51 | $ 18,985,000 | $ 372,254 | $ 213,000 |
| Montgomery, Pennsylvania | 32 | $ 7,680,000 | $ 240,000 | $ 150,000 |
| Philadelphia, Pennsylvania | 5 | $ 2,045,000 | $ 409,000 | $ 168,000 |
| Berks, Pennsylvania | 3 | $ 385,000 | $ 128,333 | $ 144,000 |
| Palm Beach, Florida | 1 | $ 1,365,000 | $ 1,365,000 | $ 2,421,000 |
| Howard, Maryland | 1 | $ 285,000 | $ 285,000 | $ 88,000 |
| Queen Anne's, Maryland | 1 | $ 185,000 | $ 185,000 | $ 77,000 |
| Wicomico, Maryland | 1 | $ 145,000 | $ 145,000 | $ 50,000 |
| Burlington, New Jersey | 1 | $ 405,000 | $ 405,000 | $ 571,000 |
| Camden, New Jersey | 1 | $ 325,000 | $ 325,000 | $ 123,000 |
| Cape May, New Jersey | 1 | $ 795,000 | $ 795,000 | $ 342,000 |
| Cayuga, New York | 1 | $ 755,000 | $ 755,000 | $ 378,000 |
| Allegheny, Pennsylvania | 1 | $ 85,000 | $ 85,000 | $ 213,000 |
| Bucks, Pennsylvania | 1 | $ 1,185,000 | $ 1,185,000 | $ 363,000 |
| Cumberland, Pennsylvania | 1 | $ 255,000 | $ 255,000 | $ 175,000 |
| Delaware, Pennsylvania | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Luzerne, Pennsylvania | 1 | $ 755,000 | $ 755,000 | $ 548,000 |
| Wayne, Pennsylvania | 1 | $ 55,000 | $ 55,000 | $ 178,000 |
| Westmoreland, Pennsylvania | 1 | $ 65,000 | $ 65,000 | $ 105,000 |
Mortgage Loan Application Detail Totals for Phoenixville Federal Bank & Trust in 2024
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 | 36 | $16,580,000 | $460,000 | $1,965,000 | $199,000 | $623,000 |
| Other Purpose | 30 | $5,370,000 | $179,000 | $1,365,000 | $268,000 | $2,421,000 |
| Home Improvement | 17 | $1,505,000 | $88,000 | $255,000 | $183,000 | $432,000 |
| Cash-out Refinancing | 14 | $10,220,000 | $730,000 | $3,065,000 | $186,000 | $571,000 |
| Refinancing | 9 | $2,485,000 | $276,000 | $755,000 | $221,000 | $548,000 |
| 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 | 75 | $16,545,000 | $220,000 | $1,365,000 | $225,000 | $2,421,000 |
| Not applicable | 12 | $14,520,000 | $1,210,000 | $3,065,000 | $0 | $0 |
| Not Provided | 10 | $3,580,000 | $358,000 | $1,185,000 | $209,000 | $481,000 |
| Asian | 3 | $915,000 | $305,000 | $465,000 | $231,000 | $467,000 |
| Hispanic | 3 | $405,000 | $135,000 | $175,000 | $103,000 | $111,000 |
| Black or African American | 2 | $120,000 | $60,000 | $105,000 | $252,000 | $258,000 |
| American Indian or Alaskan Native | 1 | $75,000 | $75,000 | $75,000 | $48,000 | $48,000 |
| 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) | 106 | $36,160,000 | $341,000 | $3,065,000 | $218,000 | $2,421,000 |
| 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 | 84 | $31,460,000 | $374,000 | $3,065,000 | $223,000 | $2,421,000 |
| Application Denied By Financial Institution | 9 | $1,455,000 | $161,000 | $475,000 | $132,000 | $246,000 |
| Application Approved But Not Accepted | 7 | $2,245,000 | $320,000 | $755,000 | $333,000 | $611,000 |
| File Closed For Incompleteness | 4 | $730,000 | $182,000 | $325,000 | $60,000 | $79,000 |
| Application Withdrawn By Applicant | 2 | $270,000 | $135,000 | $255,000 | $351,000 | $632,000 |
| Loan Purchased By The Institution | 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 | 106 | $36,160,000 | $341,000 | $3,065,000 | $218,000 | $2,421,000 |
| 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 2024 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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