Lower · Pennsylvania · 2025

Lower in Pennsylvania: approval rate, denial rate and rates (2025)

Lower took 511 mortgage applications in Pennsylvania in 2025, ranking #152 of 1,114 lenders active in the state. It originated 41.1% of them and denied 16.4% (28.2% of the applications it decided), against a statewide denial rate of 18.3%.

511Applicationsin PA
28.2%Decision denial ratestate 22.2%
6.50%Median ratestate 6.63%
$225,000Median loanstate $155,000
$60MVolume51 counties

Lower in Pennsylvania vs the state

16.4%Denial rate-1.85 pts vs state
28.2%Decision denial rate+5.98 pts vs state
41.1%Origination rate-19.86 pts vs state
6.50%Median rate-0.13 pts vs state
0.46Rate spread (pts)+0.22 pts vs state
$99kMedian applicant income
210Loans originated
84Denied

Trend in Pennsylvania

YearApplicationsOriginatedDenial rateMedian rateRank in state
202324313115.6%7.06%#248
202465538112.2%6.75%#113
202551121016.4%6.50%#152

What Lower lends in Pennsylvania

By loan purpose

Home purchase 161 32% · 8.1% denied
Refinance 79 15% · 20.3% denied
Cash-out refinance 271 53% · 20.3% denied

By loan type

Conventional 273 53% · 9.2% denied
FHA 191 37% · 24.6% denied
VA 45 9% · 24.4% denied
USDA / RHS 2 0% · 50.0% denied

Why it denied Pennsylvania applicants

Credit history 28 33%
Debt-to-income ratio 25 30%
Collateral 12 14%
Incomplete application 8 10%
Other 6 7%
Insufficient cash 3 4%
Unverifiable information 2 2%

Where in Pennsylvania

Counties with the most Lower applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Philadelphia County 451110 22.2%
Allegheny County 42225 11.9%
Montgomery County 36153 8.3%
York County 31204 12.9%
Bucks County 2995 17.2%
Delaware County 2388 34.8%
Chester County 22121 4.5%
Erie County 21144 19.0%
Dauphin County 1944 21.1%
Westmoreland County 1791 5.9%

Other large lenders in Pennsylvania

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 22,41118.6%6.75%
Citizens BankC 18,25628.1%7.65%
PNC BankD 18,03120.6%6.88%
United Shore Financial ServicesB 13,17813.4%6.47%
Crosscountry MortgageB 11,6153.3%6.63%
Members 1stB 10,86330.9%1.99%
First National Bank of PennsylvaniaB 9,54227.8%6.49%
Police & FireC 8,46034.6%6.25%
PENNSYLVANIA STATE EMPLOYEES Credit UnionC 8,30813.7%6.64%
Pennymac Loan ServicesC 7,90012.6%6.50%

Frequently asked questions

Pennsylvania: 511 applications in 2025, of which 210 were originated and 84 denied.

16.4% of all applications, or 28.2% of the applications it actually decided on. The Pennsylvania statewide average across all lenders was 18.3%.

The median rate on loans Lower originated in Pennsylvania in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Lower's own HMDA filing for properties located in Pennsylvania, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology