West Penn Financial Service Center Mortgage Interest Rate and Cost Review

Is West Penn Financial Service Center a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by West Penn Financial Service Center to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of West Penn Financial Service Center nationally:

Review ItemWest Penn Financial Service Center
Interest Ratelower than other lenders (-0.17%)
Loan Related Closing Costssimilar to other lenders (-$25)
National Rate and Closing Cost Star Rating(4.5)

On average, West Penn Financial Service Center’s interest rates were lower than those of other lenders (-0.17%) for a comparable set of borrowers. On the other hand, its loan related closing costs were similar to those of other lenders, with a difference of -$25. Overall, combining interest rates and closing costs we estimate that West Penn Financial Service Center tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4.5 out of 5 stars. To visit West Penn Financial Service Center, its website is located at: https://www.westpennfinancial.net.

West Penn Financial Service Center’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track West Penn Financial Service Center was most active in:

  1. Pittsburgh, PA
  2. Boardman, OH
  3. Altoona, PA
  4. Kettering, OH
  5. Canton, OH

You can click through to check out West Penn Financial Service Center’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.

West Penn Financial Service Center’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, West Penn Financial Service Center originated Conforming, FHA, USDA and VA mortgages for new home purchases. It also originated Conforming and FHA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAUSDAVA
Interest Rate Difference-0.16%-0.22%-0.06%-0.09%
Loan Related Closing Cost Difference+$8-$77-$99-$29
Cost Adjusted Rate Difference-0.16%-0.23%-0.07%-0.09%
National Star Rating(4.5)(4.5)(4)(4)
Refinance MortgagesConformingFHA
Interest Rate Difference-0.12%-0.02%
Loan Related Closing Cost Difference-$7-$85
Cost Adjusted Rate Difference-0.12%-0.02%
Average Star Rating(4)(3.5)

As a summary, West Penn Financial Service Center is cheap for Conforming, FHA, USDA and VA purchase mortgages. For refinancing mortgages, West Penn Financial Service Center is cheap for Conforming mortgage refinance. It is similar to other lenders for FHA mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about West Penn Financial Service Center:

Registered name: West Penn Financial Service Center
Registered city and state: Pittsburgh, PA, 15237
Regulator: United States Department of Housing and Urban Development (HUD)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for West Penn Financial Service Center’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.