Net · Pennsylvania · 2025

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

Net took 443 mortgage applications in Pennsylvania in 2025, ranking #170 of 1,114 lenders active in the state. It originated 55.5% of them and denied 21.9% (28.1% of the applications it decided), against a statewide denial rate of 18.3%.

443Applicationsin PA
28.1%Decision denial ratestate 22.2%
7.99%Median ratestate 6.63%
$75,000Median loanstate $155,000
$27MVolume12 counties

Net in Pennsylvania vs the state

21.9%Denial rate+3.61 pts vs state
28.1%Decision denial rate+5.91 pts vs state
55.5%Origination rate-5.43 pts vs state
7.99%Median rate+1.37 pts vs state
0.19Rate spread (pts)-0.05 pts vs state
$78kMedian applicant income
246Loans originated
97Denied

Trend in Pennsylvania

YearApplicationsOriginatedDenial rateMedian rateRank in state
202335826620.1%7.49%#181
202446329913.8%8.29%#156
202544324621.9%7.99%#170

What Net lends in Pennsylvania

By loan purpose

Home purchase 50 11% · 12.0% denied
Refinance 14 3% · 35.7% denied
Cash-out refinance 37 8% · 37.8% denied
Home improvement 199 45% · 17.6% denied
Other / HELOC 143 32% · 25.9% denied

By loan type

Conventional 443 100% · 21.9% denied

Why it denied Pennsylvania applicants

Credit history 40 41%
Debt-to-income ratio 31 32%
Collateral 13 13%
Other 9 9%
Incomplete application 2 2%
Unverifiable information 2 2%

Where in Pennsylvania

Counties with the most Net applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Lackawanna County 35119178 22.2%
Luzerne County 392311 28.2%
Wayne County 19142 10.5%
Susquehanna County 1352 15.4%
Pike County 761 14.3%
Monroe County 411 25.0%
Wyoming County 431 25.0%
Clearfield County 211 50.0%
Carbon County 100 0.0%
York County 110 0.0%

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: 443 applications in 2025, of which 246 were originated and 97 denied.

21.9% of all applications, or 28.1% of the applications it actually decided on. The Pennsylvania statewide average across all lenders was 18.3%.

The median rate on loans Net originated in Pennsylvania in 2025 was 7.99%, against a statewide median of 6.63%.

About this data. Figures are Net'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