Somerset Trust Company
Mortgage Loan Application
Totals and Details
for 2022

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 2003-2022.

Mortgage Company & Address Somerset Trust Company
151 West Main Street
Somerset, PA 15501
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  
Total Number of Mortgage Applications 1,334
Total Mortgage Loan Application Amount $156,600,000
Average Mortgage Loan Application Amount $119,600
Highest Mortgage Loan Application Amount $3,255,000
Average Applicant Income $93,000
Highest Applicant Income $1,023,000

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 County in 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Somerset County Pennsylvania 426 $ 41,270,000 $ 96,000 $ 94,000
Fayette County Pennsylvania 276 $ 25,470,000 $ 92,000 $ 86,000
Westmoreland County Pennsylvania 257 $ 36,385,000 $ 141,000 $ 95,000
Bedford County Pennsylvania 117 $ 10,975,000 $ 93,000 $ 85,000
Cambria County Pennsylvania 102 $ 7,950,000 $ 77,000 $ 79,000
Allegheny County Pennsylvania 64 $ 17,980,000 $ 280,000 $ 179,000
Washington County Pennsylvania 15 $ 1,835,000 $ 122,000 $ 76,000
Allegany County Maryland 13 $ 1,215,000 $ 93,000 $ 69,000
Garrett County Maryland 10 $ 1,750,000 $ 175,000 $ 124,000
Indiana County Pennsylvania 8 $ 920,000 $ 115,000 $ 92,000
Lawrence County Pennsylvania 4 $ 370,000 $ 92,000 $ 32,000
Elk County Pennsylvania 3 $ 675,000 $ 225,000 $ 92,000
Greene County Pennsylvania 3 $ 275,000 $ 91,000 $ 52,000
Lancaster County Pennsylvania 3 $ 1,095,000 $ 365,000 $ 253,000
Armstrong County Pennsylvania 2 $ 240,000 $ 120,000 $ 121,000
Beaver County Pennsylvania 2 $ 270,000 $ 135,000 $ 596,000
Blair County Pennsylvania 2 $ 170,000 $ 85,000 $ 48,000
Butler County Pennsylvania 2 $ 440,000 $ 220,000 $ 145,000
Norfolk County Virginia 2 $ 1,540,000 $ 770,000 $ 0
DeKalb County Georgia 1 $ 45,000 $ 45,000 $ 143,000
Howard County Maryland 1 $ 635,000 $ 635,000 $ 0
Montgomery County Maryland 1 $ 575,000 $ 575,000 $ 215,000
Prince George's County Maryland 1 $ 375,000 $ 375,000 $ 64,000
Washington County Maryland 1 $ 85,000 $ 85,000 $ 0
Mecklenburg County North Carolina 1 $ 595,000 $ 595,000 $ 98,000
Adams County Pennsylvania 1 $ 25,000 $ 25,000 $ 199,000
Crawford County Pennsylvania 1 $ 45,000 $ 45,000 $ 165,000
Franklin County Pennsylvania 1 $ 115,000 $ 115,000 $ 265,000
Fulton County Pennsylvania 1 $ 45,000 $ 45,000 $ 145,000
Mercer County Pennsylvania 1 $ 295,000 $ 295,000 $ 0
Wayne County Pennsylvania 1 $ 305,000 $ 305,000 $ 263,000
Dorchester County South Carolina 1 $ 255,000 $ 255,000 $ 0
Horry County South Carolina 1 $ 315,000 $ 315,000 $ 320,000
Sevier County Tennessee 1 $ 1,445,000 $ 1,445,000 $ 0
Shelby County Tennessee 1 $ 65,000 $ 65,000 $ 0
Alexandria County Virginia 1 $ 105,000 $ 105,000 $ 138,000
Loudoun County Virginia 1 $ 25,000 $ 25,000 $ 0
Montgomery County Virginia 1 $ 45,000 $ 45,000 $ 106,000
Spotsylvania County Virginia 1 $ 95,000 $ 95,000 $ 40,000
Hampshire County West Virginia 1 $ 55,000 $ 55,000 $ 49,000
Mineral County West Virginia 1 $ 45,000 $ 45,000 $ 36,000

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 2022

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 516 $81,020,000 $157,000 $2,155,000 $94,000 $1,023,000
Refinancing 346 $38,980,000 $112,000 $1,885,000 $89,000 $593,000
Home Improvement 232 $17,510,000 $75,000 $3,255,000 $97,000 $804,000
Other Purpose 208 $12,940,000 $62,000 $655,000 $93,000 $596,000
Cash-out Refinancing 32 $6,150,000 $192,000 $595,000 $92,000 $297,000
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 1,134 $112,690,000 $99,000 $785,000 $91,000 $1,023,000
Not applicable 138 $32,710,000 $237,000 $3,255,000 $0 $0
Not Provided 47 $7,025,000 $149,000 $635,000 $118,000 $586,000
Hispanic 5 $1,565,000 $313,000 $635,000 $172,000 $321,000
Black or African American 3 $725,000 $241,000 $575,000 $133,000 $215,000
Native Hawaiian or Other Pacific Islander 2 $150,000 $75,000 $105,000 $112,000 $143,000
American Indian or Alaskan Native 2 $760,000 $380,000 $645,000 $182,000 $286,000
Asian 1 $95,000 $95,000 $95,000 $66,000 $66,000

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) 1,272 $149,480,000 $117,000 $3,255,000 $95,000 $1,023,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 62 $7,120,000 $114,000 $205,000 $50,000 $112,000
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0
FHA-insured (Federal Housing 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 1,090 $134,050,000 $122,000 $3,255,000 $97,000 $1,023,000
Application Withdrawn By Applicant 128 $13,360,000 $104,000 $625,000 $90,000 $586,000
Application Denied By Financial Institution 112 $8,740,000 $78,000 $595,000 $60,000 $263,000
Application Approved But Not Accepted 4 $450,000 $112,000 $165,000 $61,000 $82,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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
Not applicable 1,222 $147,860,000 $120,000 $3,255,000 $96,000 $1,023,000
Debt-To-Income Ratio 54 $4,870,000 $90,000 $595,000 $52,000 $163,000
Credit History 34 $2,170,000 $63,000 $205,000 $73,000 $263,000
Collateral 9 $645,000 $71,000 $235,000 $70,000 $143,000
Employment History 8 $430,000 $53,000 $95,000 $54,000 $80,000
Other 3 $375,000 $125,000 $135,000 $54,000 $95,000
Unverifiable Information 3 $195,000 $65,000 $95,000 $48,000 $75,000
Insufficient Cash (Downpayment, Closing Cost) 1 $55,000 $55,000 $55,000 $37,000 $37,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 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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