Which mortgage lender in the Altoona, PA area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Altoona, PA area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Altoona, PA area in terms of interest rate is PSECU, with an average “Rate Difference” of -0.19%. This means that, comparing similar borrowers, PSECU provided a -0.19% lower interest rate for its customers than other lenders in the area. PSECU has a market share of 2.2%. On the other hand, the most popular lender in the Altoona, PA area is First National Bank of Pennsylvania, with a larger market share of 13.1%. First National Bank of Pennsylvania is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.04% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Altoona, PA area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Altoona, PA is PSECU. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is First Commonwealth Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is First Commonwealth Bank. The cheapest VA mortgage provider is Wells Fargo Bank. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Altoona, PA
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| PSECU | -0.19% | 2.19% | |
| Reliance Bank | -0.15% | 5.54% | |
| Equity Resources | -0.09% | 3.11% | |
| S&T Bank | -0.09% | 3.85% | |
| First Peoples Community Federal Credit Union | -0.08% | 2.04% | |
| Northwest Bank PA | -0.07% | 1.07% | |
| Union Home Mortgage | -0.05% | 1.10% | |
| emmloans | -0.05% | 1.84% | |
| First National Bank of Pennsylvania | -0.04% | 13.15% | |
| Caliber Home Loans | -0.03% | 1.54% | |
| M&T Bank | -0.03% | 1.04% | |
| PNC Bank | -0.02% | 1.60% | |
| First Commonwealth Bank | -0.01% | 12.29% | |
| Flagstar Bank | -0.01% | 7.40% | |
| USAA | -0.01% | 1.01% | |
| First Federal Bank of Florida | 0.02% | 1.39% | |
| Wells Fargo Bank | 0.02% | 4.53% | |
| Mr. Cooper | 0.05% | 2.25% | |
| PrimeLending | 0.05% | 4.50% | |
| loanDepot | 0.05% | 0.92% | |
| Somerset Trust | 0.06% | 8.77% | |
| CNB Bank | 0.07% | 1.07% | |
| Quicken Loans | 0.11% | 10.78% | |
| InFirst Bank | 0.11% | 3.17% | |
| Fairway Independent Mortgage Corporation | 0.11% | 1.27% | |
| Norwich Commercial Group Inc | 0.12% | 2.61% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Reliance Bank | -0.15% | 3.77% | |
| PSECU | -0.14% | 1.68% | |
| First Peoples Community Federal Credit Union | -0.11% | 1.10% | |
| Equity Resources | -0.10% | 4.82% | |
| Northwest Bank PA | -0.09% | 1.00% | |
| First National Bank of Pennsylvania | -0.09% | 8.59% | |
| S&T Bank | -0.08% | 4.66% | |
| Union Home Mortgage | -0.06% | 1.73% | |
| emmloans | -0.05% | 2.72% | |
| Caliber Home Loans | -0.04% | 1.52% | |
| M&T Bank | -0.04% | 1.20% | |
| Somerset Trust | -0.03% | 6.60% | |
| PNC Bank | -0.03% | 1.57% | |
| USAA | -0.01% | 1.57% | |
| Wells Fargo Bank | -0.00% | 5.97% | |
| loanDepot | 0.00% | 0.31% | |
| First Commonwealth Bank | 0.02% | 12.26% | |
| CNB Bank | 0.02% | 0.79% | |
| Flagstar Bank | 0.03% | 9.53% | |
| Mr. Cooper | 0.03% | 2.83% | |
| First Federal Bank of Florida | 0.03% | 1.83% | |
| PrimeLending | 0.06% | 6.91% | |
| Fairway Independent Mortgage Corporation | 0.11% | 2.20% | |
| InFirst Bank | 0.12% | 2.72% | |
| Norwich Commercial Group Inc | 0.12% | 4.30% | |
| Quicken Loans | 0.15% | 7.81% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| PSECU | -0.22% | 2.86% | |
| Reliance Bank | -0.14% | 7.83% | |
| Flagstar Bank | -0.12% | 4.63% | |
| S&T Bank | -0.10% | 2.79% | |
| First Peoples Community Federal Credit Union | -0.07% | 3.27% | |
| First Commonwealth Bank | -0.05% | 12.33% | |
| Northwest Bank PA | -0.04% | 1.16% | |
| Equity Resources | -0.04% | 0.89% | |
| emmloans | -0.02% | 0.68% | |
| PNC Bank | -0.02% | 1.63% | |
| First National Bank of Pennsylvania | -0.02% | 19.07% | |
| Caliber Home Loans | -0.01% | 1.57% | |
| M&T Bank | -0.01% | 0.82% | |
| First Federal Bank of Florida | -0.01% | 0.82% | |
| PrimeLending | -0.00% | 1.36% | |
| USAA | 0.00% | 0.27% | |
| Fairway Independent Mortgage Corporation | 0.01% | 0.07% | |
| Norwich Commercial Group Inc | 0.01% | 0.41% | |
| Union Home Mortgage | 0.01% | 0.27% | |
| loanDepot | 0.07% | 1.70% | |
| Quicken Loans | 0.08% | 14.65% | |
| Mr. Cooper | 0.09% | 1.50% | |
| Wells Fargo Bank | 0.10% | 2.66% | |
| InFirst Bank | 0.11% | 3.75% | |
| CNB Bank | 0.11% | 1.43% | |
| Somerset Trust | 0.13% | 11.58% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| PSECU | -0.19% | 2.90% | |
| Reliance Bank | -0.15% | 7.28% | |
| S&T Bank | -0.09% | 5.05% | |
| First Peoples Community Federal Credit Union | -0.08% | 2.70% | |
| Northwest Bank PA | -0.07% | 1.41% | |
| Equity Resources | -0.07% | 2.23% | |
| Caliber Home Loans | -0.05% | 1.45% | |
| First National Bank of Pennsylvania | -0.04% | 16.35% | |
| M&T Bank | -0.03% | 1.17% | |
| PNC Bank | -0.03% | 2.00% | |
| Flagstar Bank | -0.02% | 6.69% | |
| USAA | -0.02% | 0.51% | |
| emmloans | -0.01% | 1.33% | |
| Fairway Independent Mortgage Corporation | -0.00% | 0.43% | |
| PrimeLending | 0.01% | 3.13% | |
| First Commonwealth Bank | 0.03% | 12.91% | |
| Wells Fargo Bank | 0.03% | 5.32% | |
| Union Home Mortgage | 0.04% | 0.31% | |
| First Federal Bank of Florida | 0.05% | 0.86% | |
| Norwich Commercial Group Inc | 0.06% | 1.17% | |
| Somerset Trust | 0.06% | 11.54% | |
| CNB Bank | 0.07% | 1.41% | |
| loanDepot | 0.08% | 0.55% | |
| InFirst Bank | 0.11% | 4.19% | |
| Mr. Cooper | 0.12% | 0.47% | |
| Quicken Loans | 0.21% | 6.65% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Reliance Bank | -0.15% | 5.71% | |
| PSECU | -0.14% | 2.54% | |
| First Peoples Community Federal Credit Union | -0.11% | 1.67% | |
| Northwest Bank PA | -0.09% | 1.51% | |
| S&T Bank | -0.08% | 6.98% | |
| First National Bank of Pennsylvania | -0.08% | 10.94% | |
| Equity Resources | -0.07% | 3.89% | |
| Caliber Home Loans | -0.06% | 1.74% | |
| M&T Bank | -0.05% | 1.51% | |
| Somerset Trust | -0.04% | 9.91% | |
| PNC Bank | -0.03% | 2.14% | |
| USAA | -0.03% | 0.87% | |
| Fairway Independent Mortgage Corporation | -0.01% | 0.79% | |
| loanDepot | -0.01% | 0.24% | |
| emmloans | -0.01% | 2.06% | |
| Wells Fargo Bank | 0.01% | 7.69% | |
| PrimeLending | 0.01% | 5.00% | |
| Mr. Cooper | 0.02% | 0.08% | |
| CNB Bank | 0.02% | 1.19% | |
| Union Home Mortgage | 0.04% | 0.48% | |
| Flagstar Bank | 0.04% | 8.49% | |
| First Federal Bank of Florida | 0.05% | 1.43% | |
| Norwich Commercial Group Inc | 0.07% | 2.06% | |
| InFirst Bank | 0.12% | 4.12% | |
| First Commonwealth Bank | 0.13% | 12.45% | |
| Quicken Loans | 0.25% | 4.52% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| PSECU | -0.22% | 3.24% | |
| Reliance Bank | -0.15% | 8.80% | |
| Flagstar Bank | -0.13% | 4.94% | |
| S&T Bank | -0.10% | 3.17% | |
| First Peoples Community Federal Credit Union | -0.07% | 3.71% | |
| First Commonwealth Bank | -0.05% | 13.36% | |
| Equity Resources | -0.05% | 0.62% | |
| Northwest Bank PA | -0.04% | 1.31% | |
| emmloans | -0.04% | 0.62% | |
| PNC Bank | -0.02% | 1.85% | |
| Caliber Home Loans | -0.02% | 1.16% | |
| First National Bank of Pennsylvania | -0.02% | 21.62% | |
| Norwich Commercial Group Inc | -0.01% | 0.31% | |
| M&T Bank | -0.01% | 0.85% | |
| PrimeLending | -0.01% | 1.31% | |
| Fairway Independent Mortgage Corporation | 0.00% | 0.08% | |
| First Federal Bank of Florida | 0.01% | 0.31% | |
| USAA | 0.02% | 0.15% | |
| Union Home Mortgage | 0.03% | 0.15% | |
| Wells Fargo Bank | 0.09% | 3.01% | |
| loanDepot | 0.10% | 0.85% | |
| InFirst Bank | 0.11% | 4.25% | |
| CNB Bank | 0.11% | 1.62% | |
| Mr. Cooper | 0.13% | 0.85% | |
| Somerset Trust | 0.13% | 13.13% | |
| Quicken Loans | 0.19% | 8.73% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Commonwealth Bank | -0.23% | 10.73% | |
| Equity Resources | -0.17% | 5.45% | |
| First National Bank of Pennsylvania | -0.14% | 3.30% | |
| emmloans | -0.12% | 3.47% | |
| Union Home Mortgage | -0.08% | 3.96% | |
| M&T Bank | -0.01% | 0.50% | |
| PNC Bank | 0.00% | 0.17% | |
| Caliber Home Loans | 0.01% | 1.65% | |
| First Federal Bank of Florida | 0.02% | 2.97% | |
| Flagstar Bank | 0.02% | 10.89% | |
| Quicken Loans | 0.03% | 25.58% | |
| Wells Fargo Bank | 0.04% | 0.17% | |
| loanDepot | 0.05% | 1.49% | |
| Mr. Cooper | 0.05% | 8.42% | |
| PrimeLending | 0.11% | 8.09% | |
| Norwich Commercial Group Inc | 0.17% | 8.91% | |
| Fairway Independent Mortgage Corporation | 0.19% | 4.29% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Commonwealth Bank | -0.24% | 12.52% | |
| Equity Resources | -0.18% | 6.56% | |
| First National Bank of Pennsylvania | -0.15% | 3.98% | |
| emmloans | -0.13% | 3.98% | |
| Union Home Mortgage | -0.09% | 4.77% | |
| M&T Bank | -0.04% | 0.40% | |
| PNC Bank | -0.01% | 0.20% | |
| First Federal Bank of Florida | 0.01% | 3.18% | |
| Flagstar Bank | 0.01% | 12.92% | |
| Caliber Home Loans | 0.01% | 1.19% | |
| loanDepot | 0.02% | 0.60% | |
| Wells Fargo Bank | 0.03% | 0.20% | |
| Mr. Cooper | 0.04% | 8.95% | |
| PrimeLending | 0.10% | 9.54% | |
| Quicken Loans | 0.11% | 15.51% | |
| Norwich Commercial Group Inc | 0.16% | 10.34% | |
| Fairway Independent Mortgage Corporation | 0.18% | 5.17% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.02% | 74.76% | |
| Caliber Home Loans | 0.04% | 3.88% | |
| emmloans | 0.04% | 0.97% | |
| First Commonwealth Bank | 0.05% | 1.94% | |
| Flagstar Bank | 0.05% | 0.97% | |
| First Federal Bank of Florida | 0.05% | 1.94% | |
| M&T Bank | 0.05% | 0.97% | |
| PrimeLending | 0.08% | 0.97% | |
| Norwich Commercial Group Inc | 0.08% | 1.94% | |
| loanDepot | 0.09% | 5.83% | |
| Mr. Cooper | 0.10% | 5.83% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Commonwealth Bank | -0.00% | 37.50% | |
| Reliance Bank | 0.00% | 12.50% | |
| PNC Bank | 0.00% | 12.50% | |
| S&T Bank | 0.00% | 12.50% | |
| Flagstar Bank | 0.00% | 12.50% | |
| M&T Bank | 0.00% | 12.50% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| PNC Bank | 0.00% | 25.00% | |
| S&T Bank | 0.00% | 25.00% | |
| First Commonwealth Bank | 0.00% | 25.00% | |
| M&T Bank | 0.00% | 25.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Commonwealth Bank | -0.00% | 50.00% | |
| Reliance Bank | 0.00% | 25.00% | |
| Flagstar Bank | 0.00% | 25.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.07% | 7.73% | |
| First Commonwealth Bank | -0.05% | 8.21% | |
| First Federal Bank of Florida | -0.03% | 3.38% | |
| First National Bank of Pennsylvania | -0.03% | 2.90% | |
| Equity Resources | -0.03% | 7.25% | |
| Union Home Mortgage | -0.02% | 2.42% | |
| Caliber Home Loans | -0.01% | 2.42% | |
| M&T Bank | -0.01% | 0.48% | |
| USAA | -0.01% | 10.14% | |
| PNC Bank | -0.00% | 0.48% | |
| Norwich Commercial Group Inc | 0.01% | 1.93% | |
| Flagstar Bank | 0.01% | 5.80% | |
| Mr. Cooper | 0.01% | 6.28% | |
| Quicken Loans | 0.01% | 18.84% | |
| emmloans | 0.01% | 3.38% | |
| Somerset Trust | 0.02% | 0.48% | |
| loanDepot | 0.02% | 3.86% | |
| Fairway Independent Mortgage Corporation | 0.03% | 2.90% | |
| PrimeLending | 0.08% | 11.11% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.07% | 11.35% | |
| First Commonwealth Bank | -0.05% | 9.22% | |
| First National Bank of Pennsylvania | -0.03% | 4.26% | |
| Union Home Mortgage | -0.02% | 2.13% | |
| Equity Resources | -0.02% | 7.09% | |
| M&T Bank | -0.01% | 0.71% | |
| USAA | -0.01% | 13.48% | |
| PNC Bank | -0.00% | 0.71% | |
| Mr. Cooper | -0.00% | 5.67% | |
| First Federal Bank of Florida | 0.00% | 0.71% | |
| Norwich Commercial Group Inc | 0.00% | 2.84% | |
| Quicken Loans | 0.00% | 9.93% | |
| Caliber Home Loans | 0.01% | 0.71% | |
| Flagstar Bank | 0.01% | 7.09% | |
| emmloans | 0.01% | 4.26% | |
| Somerset Trust | 0.02% | 0.71% | |
| Fairway Independent Mortgage Corporation | 0.03% | 4.26% | |
| PrimeLending | 0.09% | 14.89% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Commonwealth Bank | -0.05% | 6.06% | |
| Equity Resources | -0.04% | 7.58% | |
| First Federal Bank of Florida | -0.04% | 9.09% | |
| USAA | -0.03% | 3.03% | |
| Caliber Home Loans | -0.02% | 6.06% | |
| Union Home Mortgage | -0.01% | 3.03% | |
| PrimeLending | -0.01% | 3.03% | |
| emmloans | 0.01% | 1.52% | |
| Flagstar Bank | 0.01% | 3.03% | |
| Quicken Loans | 0.02% | 37.88% | |
| loanDepot | 0.02% | 12.12% | |
| Mr. Cooper | 0.03% | 7.58% |
* Data is compiled for the Altoona, PA commuting zone area, which comprises of counties of Bedford County, PA, Blair County, PA, Cambria County, PA, Indiana County, PA, and Somerset County, PA. This includes cities/towns/communities of Altoona, PA as well as Indiana, PA, Tipton, PA, Edie, PA, Lakemont, PA, Greenwood, PA, Duncansville, PA, Pleasantville, PA, Hollidaysburg, PA, Hopewell, PA, Boswell, PA, Westmont, PA, Somerset, PA, Belmont, PA, Rainsburg, PA, East Freedom, PA, Tyrone, PA, Elim, PA, Creekside, PA, Grazierville, PA, Indian Lake, PA, Davidsville, PA, Saltsburg, PA, Colver, PA, Johnstown, PA, Friedens, PA, Schellsburg, PA, Everett, PA, Seven Springs, PA, Berlin, PA, Martinsburg, PA, Salix, PA, Bedford, PA, Lucerne Mines, PA, Hyndman, PA, Cresson, PA, Chevy Chase Heights, PA, Black Lick, PA, Rockwood, PA, Ebensburg, PA, Paint, PA, Rossiter, PA, Ernest, PA, Mundys Corner, PA, Blairsville, PA, Clymer, PA, Windber, PA, Patton, PA, Wellersburg, PA, Oakland, PA, and Gallitzin, PA. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.
Mortgage Lender Rankings in Other Cities
This page contains information about the top mortgage lenders in the Altoona, PA area. For mortgage lender rankings in other cities, click here.