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Penncrest Bank

ALTOONA, PA

Penncrest Bank processed 234 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 196 loans with a 10.3% denial rate. Home Purchase was the primary loan purpose. Based in ALTOONA, PA. The approval rate of 83.8% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Penncrest Bank's 83.8% origination rate tells you how often an application turned into funded money; the 10.3% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (234 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.

234
Applications
196
Originated
10.3%
Denial Rate
$88,248
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 234 196 24 $88,248

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Penncrest Bank (LEI: 5493004QMY56VOFMPG66) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 78 66 $154,231
Home Improvement 57 47 $41,842
Other 52 42 $43,846
Refinancing 47 41 $84,149

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 228 83.8% 10.1%
Joint * 2 50.0% 50.0%
American Indian or Alaska Native * 1 100.0% 0.0%
Black or African American * 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 230 83.5% 10.4%
Hispanic or Latino * 2 100.0% 0.0%
Joint * 1 100.0% 0.0%

* 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 Penncrest Bank vs Newrez LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Penncrest Bank process?
Penncrest Bank processed 234 mortgage applications in the 2024 HMDA reporting year. Of these, 196 were originated (approved and funded), 8 were withdrawn by the applicant, and 24 were denied.
What is Penncrest Bank's mortgage approval rate?
Penncrest Bank has an approval (origination) rate of 83.8%, meaning 83.8% of all applications resulted in a funded mortgage. The denial rate is 10.3%.
What is the average loan amount at Penncrest Bank?
The average mortgage loan amount at Penncrest Bank is $88,248.
What types of mortgage loans does Penncrest Bank offer?
Penncrest Bank processes Conventional loans. The most common type is Conventional with 234 applications and an average loan amount of $88,248.
What loan purposes does Penncrest Bank serve?
Penncrest Bank serves the following loan purposes: Home Purchase (78 applications), Home Improvement (57 applications), Other (52 applications), Refinancing (47 applications). Home Purchase is the most common purpose.
Where is Penncrest Bank located?
Penncrest Bank is headquartered in ALTOONA, PA. The lender is identified by LEI 5493004QMY56VOFMPG66 in HMDA data.
How does Penncrest Bank compare in lending across racial demographics?
Penncrest Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 83.8% and denial rate of 10.1%; Joint applicants have an approval rate of 50.0% and denial rate of 50.0%; American Indian or Alaska Native applicants have an approval rate of 100.0% and denial rate of 0.0%. 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.