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Philadelphia County, Pennsylvania
Mortgage lending record for properties in the county, calendar year 2024.
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.
Philadelphia County, Pennsylvania, saw 43,956 HMDA-reported applications and 22,981 originations ($6.5bn) in 2024.
That is 33.8 originations per 1,000 households, against 46.6 for Pennsylvania and 48.0 nationally.
The county's denial rate was 30.8%, above the state rate of 24.2%. The median rate spread on originated loans was 0.3 percentage points and 12.5% of originations were 1.5 points or more above the average prime offer rate.
172 lenders reached 25 applications in the county; the most active by originations were Police and Fire Federal Credit Union (1,680), Crosscountry Mortgage, LLC (1,276) and Rocket Mortgage (1,131).
Originations were about level with 2023.
Most active lenders
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 172. Denial rate is denials over decided applications in this county.
Compared with Pennsylvania and the nation
| Measure | This county | Pennsylvania | United States |
|---|---|---|---|
| Denial rate | 30.8% | 24.2% | 24.3% |
| Median rate spread, pp | 0.3 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 12.5% | 14.1% | 15.6% |
| Average originated loan | $281k | $226k | $329k |
| Originations per 1,000 households | 33.8 | 46.6 | 48.0 |
| Home purchase share of originations | 56.4% | 48.7% | 57.0% |
| FHA-insured share | 12.9% | 9.8% | 13.4% |
| VA-guaranteed share | 2.5% | 4.0% | 7.9% |
Rate spread distribution
Share of 18,565 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 56% (12,962)Home improvement 11% (2,595)Refinancing 9% (2,115)Cash-out refinancing 17% (3,858)Other purpose 6% (1,445)
By type
Conventional 84% (19,392)FHA 13% (2,962)VA 3% (581)USDA 0% (46)
Trend by year
ApplicationsOriginations
This countyPennsylvania
Questions and answers
Which lenders are most active in Philadelphia County, PA?
By 2024 originations: Police and Fire Federal Credit Union (1,680), Crosscountry Mortgage, LLC (1,276), Rocket Mortgage (1,131), CBNA Year to Date (953), Guaranteed Rate, Inc. (936). 172 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Philadelphia County?
30.8% of decided applications were denied in 2024, against 24.2% across Pennsylvania and 24.3% nationally.
How many mortgages were originated in Philadelphia County in 2024?
22,981 loans totalling $6.5bn, from 43,956 applications; 33.8 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 42101; 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.