Somerset Trust Company
Mortgage Loan Application
Totals and Details
for 2007

Find mortgage loan statistics, lending data, and loan application totals for Pennsylvania.
The mortgage statistics and data below are specific to mortgage loan applications for Somerset Trust Company.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2021.

Mortgage Company & Address Somerset Trust Company
151 W Main Street
Somerset, PA 15501
Tel #: available with data download
Federal Regulator * available with data download
Years 2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 921
Total Mortgage Loan Application Amount $90,824,000
Average Mortgage Loan Application Amount $91,666
Highest Mortgage Loan Application Amount $850,000
Average Applicant Income $67,666
Highest Applicant Income $2,208,000

Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in PA, the totals and averages will help you understand where the lender does business as well as the volume of business they do.

Mortgage Loan Application Totals for Somerset Trust Company by Metropolitan Area in 2007

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
JOHNSTOWN, PA 66 $ 4,028,000 $ 61,000 $ 104,000
PITTSBURGH, PA 40 $ 3,789,000 $ 94,000 $ 105,000
CLEVELAND-ELYRIA-MENTOR, OH 21 $ 2,929,000 $ 139,000 $ 68,000
CINCINNATI-MIDDLETOWN, OH-KY-IN 17 $ 2,707,000 $ 160,000 $ 76,500
COLUMBUS, OH 17 $ 2,911,000 $ 171,000 $ 70,000
HAGERSTOWN-MARTINSBURG, MD-WV 13 $ 3,350,000 $ 257,000 $ 77,000
CHARLOTTE-GASTONIA-CONCORD, NC-SC 12 $ 1,807,000 $ 150,000 $ 53,000
TOLEDO, OH 12 $ 1,664,000 $ 138,000 $ 63,000
RALEIGH-CARY, NC 11 $ 1,368,000 $ 124,000 $ 56,000
DAYTON, OH 8 $ 1,030,000 $ 128,000 $ 57,000
GREENSBORO-HIGH POINT, NC 8 $ 1,151,000 $ 143,000 $ 88,000
KANSAS CITY, MO-KS 8 $ 1,365,000 $ 170,000 $ 58,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 8 $ 1,743,000 $ 217,000 $ 84,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO 7 $ 958,000 $ 136,000 $ 55,000
LOUISVILLE-JEFFERSON COUNTY, KY-IN 7 $ 1,011,000 $ 144,000 $ 81,000
DURHAM, NC 6 $ 1,129,000 $ 188,000 $ 66,000
WINSTON-SALEM, NC 6 $ 893,000 $ 148,000 $ 39,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 6 $ 675,000 $ 112,000 $ 61,000
AKRON, OH 5 $ 540,000 $ 108,000 $ 40,000
ASHEVILLE, NC 5 $ 1,032,000 $ 206,000 $ 53,000
CANTON-MASSILLON, OH 5 $ 630,000 $ 126,000 $ 47,000
FAYETTEVILLE, NC 5 $ 705,000 $ 141,000 $ 63,000
HOUSTON-SUGAR LAND-BAYTOWN, TX 4 $ 473,000 $ 118,000 $ 47,000
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 4 $ 938,000 $ 234,000 $ 70,000
WICHITA, KS 4 $ 579,000 $ 144,000 $ 58,000
WILMINGTON, NC 4 $ 685,000 $ 171,000 $ 49,000
FORT SMITH, AR-OK 3 $ 524,000 $ 174,000 $ 89,000
HUNTINGTON-ASHLAND, WV-KY-OH 3 $ 509,000 $ 169,000 $ 51,000
PARKERSBURG-MARIETTA-VIENNA, WV-OH 3 $ 404,000 $ 129,500 $ 60,500
WEIRTON-STEUBENVILLE, WV-OH 3 $ 240,000 $ 80,000 $ 42,000
ALTOONA, PA 2 $ 117,000 $ 58,000 $ 39,000
CAPE CORAL-FORT MYERS, FL 2 $ 325,000 $ 162,000 $ 49,000
CUMBERLAND, MD-WV 2 $ 149,000 $ 74,500 $ 172,000
ELIZABETHTOWN, KY 2 $ 240,000 $ 120,000 $ 78,000
HICKORY-LENOIR-MORGANTON, NC 2 $ 264,000 $ 132,000 $ 67,000
HOT SPRINGS, AR 2 $ 534,000 $ 267,000 $ 69,000
JACKSONVILLE, NC 2 $ 432,000 $ 216,000 $ 40,000
JONESBORO, AR 2 $ 153,000 $ 76,000 $ 40,000
LAWRENCE, KS 2 $ 306,000 $ 153,000 $ 32,000
LEXINGTON-FAYETTE, KY 2 $ 341,000 $ 170,000 $ 59,000
LIMA, OH 2 $ 289,000 $ 144,000 $ 79,000
PHILADELPHIA, PA 2 $ 448,000 $ 224,000 $ 102,000
PINE BLUFF, AR 2 $ 357,000 $ 178,000 $ 120,000
ST. LOUIS, MO-IL 2 $ 202,000 $ 101,000 $ 70,000
TOPEKA, KS 2 $ 329,000 $ 164,000 $ 62,000
WINCHESTER, VA-WV 2 $ 241,000 $ 120,000 $ 19,000
BEAUMONT-PORT ARTHUR, TX 1 $ 327,000 $ 327,000 $ 84,000
BURLINGTON, NC 1 $ 166,000 $ 166,000 $ 102,000
CHARLESTON, WV 1 $ 206,000 $ 206,000 $ 59,000
CHICAGO-NAPERVILLE-JOLIET, IL 1 $ 114,000 $ 114,000 $ 15,000
CLARKSVILLE, TN-KY 1 $ 79,000 $ 79,000 $ 52,000
DANVILLE, IL 1 $ 148,000 $ 148,000 $ 84,000
DECATUR, IL 1 $ 134,000 $ 134,000 $ 60,000
DES MOINES-WEST DES MOINES, IA 1 $ 120,000 $ 120,000 $ 48,000
ERIE, PA 1 $ 96,000 $ 96,000 $ 28,000
EVANSVILLE, IN-KY 1 $ 98,000 $ 98,000 $ 73,000
FORT WORTH-ARLINGTON, TX 1 $ 96,000 $ 96,000 $ 108,000
GREENVILLE, NC 1 $ 78,000 $ 78,000 $ 30,000
JOHNSON CITY, TN 1 $ 104,000 $ 104,000 $ 25,000
MANSFIELD, OH 1 $ 200,000 $ 200,000 $ 65,000
MEMPHIS, TN-MS-AR 1 $ 127,000 $ 127,000 $ 89,000
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 1 $ 145,000 $ 145,000 $ 31,000
NORWICH-NEW LONDON, CT 1 $ 220,000 $ 220,000 $ 70,000
ORLANDO-KISSIMMEE, FL 1 $ 95,000 $ 95,000 $ 22,000
PHOENIX-MESA-SCOTTSDALE, AZ 1 $ 120,000 $ 120,000 $ 40,000
ROCKFORD, IL 1 $ 147,000 $ 147,000 $ 62,000
SANDUSKY, OH 1 $ 835,000 $ 835,000 $ 282,000
SPRINGFIELD, OH 1 $ 120,000 $ 120,000 $ 35,000
TERRE HAUTE, IN 1 $ 100,000 $ 100,000 $ 85,000
TEXARKANA, TX-TEXARKANA, AR 1 $ 80,000 $ 80,000 $ 51,000
TYLER, TX 1 $ 120,000 $ 120,000 $ 54,000
WATERLOO-CEDAR FALLS, IA 1 $ 281,000 $ 281,000 $ 34,000
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 1 $ 231,000 $ 231,000 $ 74,000

The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Pennsylvania, and search the same numbers and information back through 2003.

Mortgage Loan Application Detail Totals for Somerset Trust Company in 2007

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 445 $55,744,000 $125,000 $835,000 $63,000 $289,000
Home Improvement 272 $16,851,000 $61,000 $412,000 $60,000 $584,000
Home Purchase 204 $18,229,000 $89,000 $850,000 $80,000 $2,208,000

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 807 $75,652,000 $93,000 $850,000 $65,000 $2,208,000
Black or African American 59 $7,560,000 $128,000 $396,000 $79,000 $600,000
Not Provided 25 $3,273,000 $130,000 $304,000 $60,000 $180,000
Not applicable 7 $1,015,000 $145,000 $500,000 $0 $0
Hispanic 7 $1,038,000 $148,000 $288,000 $94,000 $225,000
Native Hawaiian or Other Pacific Islander 6 $709,000 $118,000 $264,000 $93,000 $358,000
Asian 6 $954,000 $159,000 $327,000 $59,000 $126,000
American Indian or Alaskan Native 4 $623,000 $155,000 $307,000 $69,000 $120,000

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) 921 $90,824,000 $98,000 $850,000 $66,000 $2,208,000
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 415 $30,056,000 $72,000 $850,000 $76,000 $2,208,000
Application Denied By Financial Institution 402 $50,207,000 $124,000 $835,000 $56,000 $282,000
Application Withdrawn By Applicant 92 $8,852,000 $96,000 $371,000 $60,000 $209,000
Application Approved But Not Accepted 11 $1,431,000 $130,000 $240,000 $66,000 $112,000
File Closed For Incompleteness 1 $278,000 $278,000 $278,000 $95,000 $95,000
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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in PA, and gives you an idea of what the best mortgage lenders really are.

If you prefer, you can download a copy of the entire list of mortgage lenders in Pennsylvania, and search similar information at your convenience.

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