Penn State at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
70th5.6% deniedProcesswithdrawn + incomplete share, weight 15%
87th2.7%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 144 | 121 | 6.3% | 6.8% | — | $12M |
| 2024 | 105 | 91 | 6.7% | 7.1% | — | $11M |
| 2025 | 184 | 163 | 5.4% | 5.6% | — | $24M |
What Penn State lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 64 investment properties.
Who gets approved at Penn State
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 42 | 34 | 5.0% |
| $100k – $150k | 32 | 24 | 16.7% |
| $150k – $250k | 30 | 26 | 6.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 21 | 17 | 15.0% |
| 45–54 | 41 | 34 | 10.3% |
| 55–64 | 30 | 25 | 3.5% |
| 65–74 | 22 | 20 | 4.6% |
Where Penn State lends
2 states and 1 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Pennsylvania | 102 | 87 | 8.8% | — | #372 |
Frequently asked questions
Penn State denied 5.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 70th percentile of small mortgage lenders.
In 2025, 10% of its applications were for home purchases, 42% for refinancing (including cash-out), and 48% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.