Somerset Trust Company mortgage approval rate & lending review
Somerset Trust Company decided 1,546 mortgage applications and funded 1,384 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Somerset Trust Company reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Somerset Trust Company at a glance
Approval is 12.6 points above the 78.1% national rate for the same mix of loan types.
Approval rates 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 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Somerset Trust Company lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Westmoreland County, PA | Mortgage lenders | 95% | 222 | 203 |
| Fayette County, PA | Home improvement loans | 83% | 166 | 134 |
| Westmoreland County, PA | Home improvement loans | 90% | 144 | 128 |
| Fayette County, PA | Mortgage lenders | 88% | 144 | 127 |
| Fayette County, PA | Refinance | 88% | 135 | 117 |
| Westmoreland County, PA | Refinance | 84% | 97 | 81 |
| Allegheny County, PA | Investment property purchase | 100% | 80 | 80 |
| Cambria County, PA | Mortgage lenders | 92% | 78 | 71 |
| Cambria County, PA | Home improvement loans | 85% | 73 | 61 |
| Westmoreland County, PA | Investment property purchase | 100% | 60 | 60 |
| Allegheny County, PA | Investment refinance | 100% | 32 | 32 |
| Cambria County, PA | Refinance | 70% | 37 | 26 |
The county markets where Somerset Trust Company made the most loans. Each link opens that market with every lender ranked.
Questions about Somerset Trust Company
What is Somerset Trust Company's mortgage approval rate?
Somerset Trust Company approved 90.7% of the 1,546 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 12.6 points above the 78.1% national rate for the same mix of loan types.
How often do borrowers take the loan Somerset Trust Company offers?
Borrowers accepted 99% of the loans Somerset Trust Company approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Somerset Trust Company make?
The typical home purchase mortgage loan Somerset Trust Company made was $145K; across all loan types its typical loan ran from $45K to $175K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Somerset Trust Company lend?
Somerset Trust Company decided applications in 10 of the states Fat Boy Data covers, most of them in Pennsylvania, Florida and District of Columbia.
Can I apply to Somerset Trust Company directly?
Yes. Somerset Trust Company is a bank or credit union with 49 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Somerset Trust Company's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Somerset Trust Company treats applications, then get a rate quote from the lender.