Lender profile · HMDA 2023–2025
Somerset Trust Company mortgage approval rates & lending data
Somerset Trust Company decided 1,546 mortgage applications and funded 1,384 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 92% | 456 / 496 | 98% | $145K | 447 |
| Home improvement loans | 86% | 341 / 396 | 98% | $45K | 334 |
| Refinance | 84% | 240 / 286 | 99% | $75K | 238 |
| Investment property purchase | 100% | 270 / 270 | 100% | $95K | 270 |
| Investment refinance | 99% | 71 / 72 | 100% | $175K | 71 |
| Investment home improvement | 92% | 23 / 25 | 100% | $65K | 23 |
Somerset Trust Company lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Pennsylvania | 91% | $95K | 1,520 | 1,360 |
| Florida | 100% | $195K | 7 | 7 |
| District of Columbia | 100% | $905K | 6 | 6 |
| West Virginia | 83% | $585K | 6 | 5 |
| Virginia | 100% | $125K | 2 | 2 |
| Georgia | 100% | $1.31M | 1 | 1 |
| Maryland | 100% | $805K | 1 | 1 |
| New York | 0% | — | 1 | 0 |
| Ohio | 100% | $355K | 1 | 1 |
| South Carolina | 100% | $2.40M | 1 | 1 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.