Pennymac Loan Services · Pennsylvania · 2025

Pennymac Loan Services in Pennsylvania: approval rate, denial rate and rates (2025)

Pennymac Loan Services took 7,900 mortgage applications in Pennsylvania in 2025, ranking #10 of 1,114 lenders active in the state. It originated 56.8% of them and denied 12.6% (17.8% of the applications it decided), against a statewide denial rate of 18.3%.

7.9kApplicationsin PA
17.8%Decision denial ratestate 22.2%
6.50%Median ratestate 6.63%
$225,000Median loanstate $155,000
$1.2BVolume65 counties

Pennymac Loan Services in Pennsylvania vs the state

12.6%Denial rate-5.66 pts vs state
17.8%Decision denial rate-4.37 pts vs state
56.8%Origination rate-4.15 pts vs state
6.50%Median rate-0.13 pts vs state
0.30Rate spread (pts)+0.06 pts vs state
$104kMedian applicant income
4,488Loans originated
998Denied

Trend in Pennsylvania

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,4731,75314.4%6.62%#29
20245,5523,18913.1%6.62%#11
20257,9004,48812.6%6.50%#10

What Pennymac Loan Services lends in Pennsylvania

By loan purpose

Home purchase 2,329 29% · 9.3% denied
Refinance 2,078 26% · 8.0% denied
Cash-out refinance 2,005 25% · 19.3% denied
Home improvement 4 0% · 50.0% denied
Other / HELOC 1,484 19% · 15.2% denied

By loan type

Conventional 4,297 54% · 11.4% denied
FHA 2,733 35% · 15.0% denied
VA 849 11% · 11.3% denied
USDA / RHS 21 0% · 9.5% denied

Why it denied Pennsylvania applicants

Collateral 259 26%
Debt-to-income ratio 257 26%
Incomplete application 194 19%
Credit history 180 18%
Unverifiable information 48 5%
Insufficient cash 37 4%
Other 20 2%
Employment history 3 0%

Where in Pennsylvania

Counties with the most Pennymac Loan Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Philadelphia County 635301105 16.5%
Montgomery County 60337856 9.3%
Allegheny County 54427066 12.1%
Bucks County 44627954 12.1%
York County 44426949 11.0%
Chester County 42627931 7.3%
Lancaster County 40027041 10.3%
Delaware County 39521750 12.7%
Berks County 34720648 13.8%
Cumberland County 33723730 8.9%

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%
NewrezD 6,44420.7%6.75%

Frequently asked questions

Pennsylvania: 7,900 applications in 2025, of which 4,488 were originated and 998 denied.

12.6% of all applications, or 17.8% of the applications it actually decided on. The Pennsylvania statewide average across all lenders was 18.3%.

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

About this data. Figures are Pennymac Loan Services'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