NexBank · Pennsylvania · 2025

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

NexBank took 225 mortgage applications in Pennsylvania in 2025, ranking #256 of 1,114 lenders active in the state. It originated 75.1% of them and denied 8.4% (10.0% of the applications it decided), against a statewide denial rate of 18.3%.

225Applicationsin PA
10.0%Decision denial ratestate 22.2%
6.63%Median ratestate 6.63%
$275,000Median loanstate $155,000
$54MVolume29 counties

NexBank in Pennsylvania vs the state

8.4%Denial rate-9.85 pts vs state
10.0%Decision denial rate-12.21 pts vs state
75.1%Origination rate+14.15 pts vs state
6.63%Median rate0.00 pts vs state
0.27Rate spread (pts)+0.03 pts vs state
$105kMedian applicant income
169Loans originated
19Denied

Trend in Pennsylvania

YearApplicationsOriginatedDenial rateMedian rateRank in state
202369595.8%7.25%#429
202418613612.9%6.63%#277
20252251698.4%6.63%#256

What NexBank lends in Pennsylvania

By loan purpose

Home purchase 176 78% · 8.0% denied
Refinance 25 11% · 4.0% denied
Cash-out refinance 16 7% · 18.8% denied
Other / HELOC 8 4% · 12.5% denied

By loan type

Conventional 220 98% · 8.2% denied
FHA 3 1% · 33.3% denied
VA 2 1% · 0.0% denied

Why it denied Pennsylvania applicants

Unverifiable information 5 26%
Collateral 5 26%
Debt-to-income ratio 4 21%
Other 2 11%
Incomplete application 1 5%
Insufficient cash 1 5%
Credit history 1 5%

Where in Pennsylvania

Counties with the most NexBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Allegheny County 45352 4.4%
Philadelphia County 25171 4.0%
Montgomery County 23181 4.3%
Bucks County 21162 9.5%
Northampton County 15101 6.7%
Chester County 1181 9.1%
Lehigh County 1062 20.0%
Westmoreland County 961 11.1%
Lancaster County 981 11.1%
Pike County 651 16.7%

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: 225 applications in 2025, of which 169 were originated and 19 denied.

8.4% of all applications, or 10.0% of the applications it actually decided on. The Pennsylvania statewide average across all lenders was 18.3%.

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

About this data. Figures are NexBank'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