Lenders › Bank of America NA › Pennsylvania
Bank of America NA in Pennsylvania
HMDA record for properties in Pennsylvania, calendar year 2024. National record · Pennsylvania overview
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.
Bank of America NA's 2024 HMDA record for Pennsylvania covers 4,075 applications, 1,545 of them originated, worth $433m.
Its denial rate in the state was 48.1%, above the Pennsylvania rate of 24.2% across all lenders and compared with the lender's national rate of 48.1%.
The median rate spread on its Pennsylvania originations was 0.7 percentage points (state median 0.3).
Applications in the state were down 16% on 2023.
Compared with the state and the lender's national record
| Measure | In Pennsylvania | Pennsylvania, all lenders | Bank of America NA, all states | United States |
|---|---|---|---|---|
| Denial rate | 48.1% | 24.2% | 48.1% | 24.3% |
| Median rate spread, pp | 0.7 | 0.3 | 1.1 | 0.3 |
| Originations with spread of 1.5 pp or more | 33.8% | 14.1% | 41.1% | 15.6% |
| Average originated loan | $280k | $226k | $360k | $329k |
| Home purchase share | 43.6% | 48.7% | 31.8% | 57.0% |
| FHA-insured share | 0.9% | 9.8% | 0.5% | 13.4% |
| VA-guaranteed share | 0.1% | 4.0% | 0.1% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in statePennsylvania, all lenders
Loan purpose and loan type in Pennsylvania
By purpose
Home purchase 44% (674)Home improvement 29% (448)Refinancing 12% (191)Cash-out refinancing 2% (30)Other purpose 13% (202)
By type
Conventional 99% (1,529)FHA 1% (14)VA 0% (2)
Denial reasons as coded
Share of 1,511 denials in Pennsylvania by first denial reason coded (outlined bar: all lenders in the state).
Counties in Pennsylvania
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Montgomery County | 541 | 227 | $76m | 40.4% |
| Bucks County | 441 | 205 | $57m | 37.2% |
| Philadelphia County | 568 | 194 | $55m | 54.6% |
| Chester County | 302 | 153 | $49m | 32.3% |
| Allegheny County | 327 | 151 | $44m | 38.5% |
| Delaware County | 326 | 120 | $58m | 53.4% |
| Northampton County | 230 | 84 | $12m | 52.2% |
| Lehigh County | 221 | 65 | $11m | 60.1% |
| Berks County | 106 | 35 | $6.4m | 48.1% |
| Lancaster County | 86 | 28 | $6.3m | 51.6% |
| Monroe County | 108 | 27 | $6.9m | 62.7% |
| York County | 86 | 26 | $3.3m | 56.5% |
| Luzerne County | 66 | 20 | $3.5m | 59.6% |
| Pike County | 56 | 18 | $3.5m | 54.8% |
| Washington County | 39 | 17 | $4.1m | 34.6% |
| Butler County | 37 | 17 | $4.7m | 37.5% |
| Centre County | 30 | 14 | $3.7m | — |
| Westmoreland County | 52 | 13 | $2.5m | 58.3% |
| Lackawanna County | 35 | 13 | $3.0m | 55.2% |
| Cumberland County | 30 | 13 | $2.5m | — |
| Dauphin County | 38 | 12 | $2.7m | 50.0% |
| Erie County | 34 | 10 | $1.9m | — |
| Schuylkill County | 27 | 9 | $1.2m | — |
| Beaver County | 34 | 7 | $805k | 76.7% |
| Carbon County | 27 | 5 | $1.2m | — |
| Adams County | 26 | 5 | $555k | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Bank of America NA originate in Pennsylvania in 2024?
1,545 loans totalling $433m, from 4,075 applications reported for properties in Pennsylvania.
What is Bank of America NA's denial rate in Pennsylvania?
48.1% of decided applications in Pennsylvania were denied, against 24.2% for all lenders in the state and 48.1% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Pennsylvania counties does Bank of America NA lend in most?
By originations: Montgomery County (227), Bucks County (205), Philadelphia County (194), Chester County (153), Allegheny County (151).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Pennsylvania. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.