Erie County, PA: mortgage lenders, denial rate and originations, 2024

States › Pennsylvania › Erie County

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

Erie County, Pennsylvania, saw 6,960 HMDA-reported applications and 4,326 originations ($647m) in 2024.

That is 39.1 originations per 1,000 households, against 46.6 for Pennsylvania and 48.0 nationally.

The county's denial rate was 24.8%, close to the state rate of 24.2%. The median rate spread on originated loans was 0.4 percentage points and 13.4% of originations were 1.5 points or more above the average prime offer rate.

47 lenders reached 25 applications in the county; the most active by originations were Marquette Savings Bank (549), Erie Federal Credit Union (381) and United Wholesale Mortgage (316).

Originations were about level with 2023.

6,960applications, 2024

4,326loans originated$647m

24.8%denial ratePA 24.2% · US 24.3%

39.1originations per 1,000 householdsPA 46.6 · US 48.0

Most active lenders

#	Lender	Applications	Originations	Amount	Denial rate	Median spread
1	Marquette Savings Bank	663	549	$97m	8.1%	—
2	Erie Federal Credit Union	588	381	$26m	28.9%	—
3	United Wholesale Mortgage	383	316	$60m	10.4%	—
4	Northwest Bank	441	309	$32m	20.1%	—
5	PNC Bank N.A.	463	259	$30m	31.8%	—
6	Rocket Mortgage	345	240	$37m	24.5%	—
7	First National Bank of Pa	255	169	$25m	27.4%	—
8	Widget Federal Credit Union	325	125	$9.9m	56.2%	—
9	CBNA Year to Date	218	125	$14m	35.4%	—
10	CNB Bank	157	125	$18m	14.2%	—
11	Movement Mortgage, LLC	154	123	$21m	3.4%	—
12	Equity Resources Inc	112	89	$17m	8.2%	—
13	Pennymac Loan Services LLC	96	67	$15m	15.0%	—
14	Howard Hanna Financial Services, Inc	77	66	$12m	4.3%	—
15	Pa State Employees CU	98	65	$5.3m	20.2%	—
16	Mortgage Research Center	107	62	$12m	23.5%	—
17	First Community Mortgage	66	61	$12m	1.5%	—
18	First Heritage Financial, LLC	66	59	$7.7m	6.3%	—
19	Plaza Home Mortgage, Inc	72	54	$12m	13.4%	—
20	Affordable Mortgage Advisors	64	53	$9.8m	0.0%	—
21	Flagstar Bank NA	69	49	$8.4m	25.8%	—
22	Huntington National Bank	95	46	$5.9m	36.8%	—
23	Ixonia Bank	50	36	$6.0m	10.0%	—
24	Clarion County Community Bank	46	34	$5.7m	20.5%	—
25	The Andover Bank	41	33	$3.7m	8.1%	—
26	Figure Lending LLC	59	32	$1.4m	22.4%	—
27	Tendto Credit Union	47	32	$1.8m	27.3%	—
28	Equity Prime Mortgage LLC	40	31	$5.2m	3.1%	—
29	Freedom Mortgage Corporation	67	30	$5.4m	10.8%	—
30	Navy Federal Credit Union	63	26	$5.1m	27.0%	—
31	Corry Federal Credit Union	44	24	$1.9m	31.7%	—
32	Keybank National Association	44	23	$2.1m	39.5%	—
33	Loandepot.com, LLC	46	22	$3.6m	37.8%	—
34	Nationstar Mortgage	38	22	$3.2m	18.5%	—
35	21st Mortgage	82	18	$1.0m	70.0%	—
36	Usaa Bank	29	18	$4.7m	—	—
37	Lower, LLC	30	17	$2.9m	—	—
38	Discover Bank	137	16	$1.5m	82.0%	—
39	Crosscountry Mortgage, LLC	27	12	$2.0m	—	—
40	Coastal Community Bank	51	11	$455k	12.5%	—

Lenders with at least 25 applications in the county, by originations; up to 40 shown of 47. Denial rate is denials over decided applications in this county.

Compared with Pennsylvania and the nation

Measure	This county	Pennsylvania	United States
Denial rate	24.8%	24.2%	24.3%
Median rate spread, pp	0.4	0.3	0.3
Originations with spread of 1.5 pp or more	13.4%	14.1%	15.6%
Average originated loan	$150k	$226k	$329k
Originations per 1,000 households	39.1	46.6	48.0
Home purchase share of originations	48.6%	48.7%	57.0%
FHA-insured share	9.8%	9.8%	13.4%
VA-guaranteed share	5.5%	4.0%	7.9%

Rate spread distribution

Below 0 pp28.7%

0 to 0.5 pp27.6%

0.5 to 1 pp19%

1 to 1.5 pp11.4%

1.5 to 3 pp8.3%

3 or more pp5.1%

Share of 3,892 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Pennsylvania). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.

Loan purpose and loan type

By purpose

Home purchase 49% (2,101)Home improvement 17% (727)Refinancing 13% (546)Cash-out refinancing 9% (388)Other purpose 13% (564)

By type

Conventional 85% (3,659)FHA 10% (424)VA 5% (236)USDA 0% (7)

Trend by year

ApplicationsOriginations

Applications and originations in Erie County, 2022–2024

This countyPennsylvania

Denial rate by year, state rate dashed

Questions and answers

Which lenders are most active in Erie County, PA?

By 2024 originations: Marquette Savings Bank (549), Erie Federal Credit Union (381), United Wholesale Mortgage (316), Northwest Bank (309), PNC Bank N.A. (259). 47 lenders had at least 25 applications in the county.

What is the mortgage denial rate in Erie County?

24.8% of decided applications were denied in 2024, against 24.2% across Pennsylvania and 24.3% nationally.

How many mortgages were originated in Erie County in 2024?

4,326 loans totalling $647m, from 6,960 applications; 39.1 originations per 1,000 households.

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 42049; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.