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Lackawanna County, Pennsylvania · 2025

Mortgage lenders in Lackawanna County, PA: denial rates and top lenders (2025)

323 lenders acted on 7,369 mortgage applications for properties in Lackawanna County in 2025. 16.3% were denied (Pennsylvania: 18.3%). Median rate on closed loans 6.82%; median loan $155,000; median property value $265,000.

7.4kApplications
16.3%Denial ratestate 18.3%
6.82%Median ratestate 6.63%
$155,000Median loan
$265,000Median property value

Largest lenders in Lackawanna County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 426308 19.3%6.63%
2 The Fidelity Deposit and Discount Bank C 424310 11.6%7.13%
3 Peoples Security Bank and Trust A 373265 16.4%5.95%
4 Net C 353193 22.1%7.99%
5 NBT Bank B 278199 18.0%4.99%
6 PNC Bank D 239114 33.9%7.64%
7 Ixonia Bank C 220178 2.3%6.63%
8 The Honesdale National Bank B 198182 1.5%7.50%
9 Community Bank D 196133 17.4%7.00%
10 United Shore Financial Services B 174107 14.9%6.50%
11 PENN EAST Federal Credit Union D 167124 11.4%—
12 Pennymac Loan Services C 165104 6.7%6.50%
13 First National Bank of Pennsylvania B 165107 26.1%6.38%
14 Crosscountry Mortgage B 165107 4.9%6.75%
15 Guild Mortgage A 139113 2.9%6.75%
16 PS Bank C 131102 3.8%—
17 Newrez D 12752 18.1%7.12%
18 PENNSYLVANIA STATE EMPLOYEES Credit Union C 12093 10.8%6.63%
19 Mortgage Research Center C 11560 18.3%6.25%
20 Citizens Bank C 10051 36.0%7.65%
21 Loan Funder F 9861 6.1%9.75%
22 AmeriSave Mortgage D 8415 70.2%7.50%
23 Broker Solutions D 8329 9.6%6.88%
24 Kiavi Funding D 8051 16.3%10.45%
25 The Dime Bank D 7960 12.7%—

Best approval odds in Lackawanna County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1The Honesdale National Bank1881.6%
2Coastal Community Bank591.7%
3Ixonia Bank1872.7%
4Guild Mortgage1243.2%
5PS Bank1094.6%
6Crosscountry Mortgage1166.9%
7Citizens Savings Bank527.7%
8Loan Funder679.0%
9Pennymac Loan Services1159.6%
10PENNSYLVANIA STATE EMPLOYEES Credit Union10812.0%

What Lackawanna County borrowers applied for

By loan purpose

Home purchase 2,858 39% · 8.3% denied
Refinance 999 14% · 16.2% denied
Cash-out refinance 1,347 18% · 21.2% denied
Home improvement 1,133 15% · 23.6% denied
Other / HELOC 1,032 14% · 24.0% denied

By loan type

Conventional 6,020 82% · 15.6% denied
FHA 1,003 14% · 20.5% denied
VA 340 5% · 14.7% denied
USDA / RHS 6 0% · 33.3% denied

Why applications were denied

Credit history 374 32%
Debt-to-income ratio 330 28%
Incomplete application 152 13%
Collateral 147 13%
Other 81 7%
Unverifiable information 40 3%
Insufficient cash 23 2%
Employment history 11 1%
Mortgage insurance denied 1 0%

Lackawanna County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20235,9893,57619.6%7.00%$125,000
20246,6594,09918.1%7.13%$135,000
20257,3694,54216.3%6.82%$155,000

Frequently asked questions

16.3% of applications in Lackawanna County were denied in 2025, against 18.3% statewide in Pennsylvania.

Rocket Mortgage, with 426 applications in 2025 and a denial rate of 19.3%.

The median mortgage application in Lackawanna County in 2025 was for $155,000; the median property value on originated loans was $265,000.