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Penn Community Bank

Perkasie, PA

Penn Community Bank processed 728 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 534 loans with a 10.0% denial rate. Other was the primary loan purpose. Based in Perkasie, PA. The approval rate of 73.4% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Penn Community Bank's 73.4% origination rate tells you how often an application turned into funded money; the 10.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (728 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

728
Applications
534
Originated
10.0%
Denial Rate
$259,341
Avg Loan Amount
Avg Interest Rate: 7.699% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 728 534 73 $259,341

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Penn Community Bank (LEI: 549300L3C3LKXG2XBS96) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
51
Credit history
16
Collateral
5
Other
5
Credit application incomplete
3
Unverifiable information
1
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 286 210 $105,769
Home Purchase 222 160 $516,306
Refinancing 134 107 $197,164
Home Improvement 64 46 $165,469
Cash-out Refinancing 22 11 $314,545

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 576 76.0% 9.4%
Black or African American * 29 69.0% 13.8%
Asian * 19 52.6% 15.8%
Joint * 12 66.7% 33.3%
American Indian or Alaska Native * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 621 75.4% 10.0%
Hispanic or Latino * 13 61.5% 23.1%
Joint * 4 50.0% 25.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in PA

Other HMDA-reporting lenders in PA with similar activity. Compare any two side-by-side.

Newrez LLC

FORT WASHINGTON, PA

248,242 apps 52,121 originated 11.5% denied

Pnc Bank N.A.

Pittsburgh, PA

127,108 apps 56,830 originated 25.4% denied

Spring Eq, LLC

RADNOR, PA

104,263 apps 31,186 originated 54.8% denied

Nvr Mortgage Finance, INC.

PITTSBURGH, PA

23,698 apps 17,311 originated 17.1% denied

First National Bank of PA

PITTSBURGH, PA

22,946 apps 13,057 originated 25.0% denied
Compare Penn Community Bank vs Newrez LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Penn Community Bank process?
Penn Community Bank processed 728 mortgage applications in the 2024 HMDA reporting year. Of these, 534 were originated (approved and funded), 67 were withdrawn by the applicant, and 73 were denied.
What is Penn Community Bank's mortgage approval rate?
Penn Community Bank has an approval (origination) rate of 73.4%, meaning 73.4% of all applications resulted in a funded mortgage. The denial rate is 10.0%.
What is the average loan amount at Penn Community Bank?
The average mortgage loan amount at Penn Community Bank is $259,341. The average interest rate is 7.699%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Penn Community Bank?
The most common reasons for mortgage denial at Penn Community Bank are: Debt-to-income ratio, Credit history, Collateral. In total, 73 applications were denied out of 728 total applications.
What types of mortgage loans does Penn Community Bank offer?
Penn Community Bank processes Conventional loans. The most common type is Conventional with 728 applications and an average loan amount of $259,341.
What loan purposes does Penn Community Bank serve?
Penn Community Bank serves the following loan purposes: Other (286 applications), Home Purchase (222 applications), Refinancing (134 applications), Home Improvement (64 applications), Cash-out Refinancing (22 applications). Other is the most common purpose.
Where is Penn Community Bank located?
Penn Community Bank is headquartered in Perkasie, PA. The lender is identified by LEI 549300L3C3LKXG2XBS96 in HMDA data.
How does Penn Community Bank compare in lending across racial demographics?
Penn Community Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 76.0% and denial rate of 9.4%; Black or African American applicants have an approval rate of 69.0% and denial rate of 13.8%; Asian applicants have an approval rate of 52.6% and denial rate of 15.8%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.