# SOMERSET TRUST COMPANY

> **Canonical URL:** https://saferate.com/lenders/somerset-trust


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


SOMERSET TRUST COMPANY is a bank, headquartered in SOMERSET, PA, serving borrowers across 4 states, with 288 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 21% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 35% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300D1PL8LHKCBST97
- **Headquarters:** SOMERSET, PA
- **Geographic Reach:** Regional
- **States Served:** 4
- **State List:** MD, PA, VA, WV
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 79/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 65/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.063%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $602
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 288
- **Dollar Volume:** $52 million
- **Applications Received:** 367
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $179,757
- **Average Borrower Income:** $110,389
- **Average Property Value:** $268,194

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (71%)
- ⭐ **Refinance Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 62/100 | 263 | -0.045% | $575 | Strong 😀 |
| USDA | 76/100 | 22 | -0.283% | $1,111 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 170 loans, Score: 58/100 (Sound)
- Refinance: 93 loans, Score: 60/100 (Strong)

**USDA:**
- Purchase: 22 loans, Score: 76/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 59/100 | 193 | $38M | +0.048% | Sound ☺️ |
| Refinance | 58/100 | 95 | $14M | -0.277% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| PA | 280 | 0.23% | 79/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Pittsburgh, PA | PA | 140 | 80/100 |
| Non |  | 110 | 58/100 |
| Johnstown, PA | PA | 31 | 71/100 |

## Where This Lender Ranks

SOMERSET TRUST COMPANY appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Johnstown, PA for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/johnstown-pa/best-mortgage-lenders/banks/usda-loans)
- 🥈 **#2** in Johnstown, PA
  - [View Full Rankings](https://saferate.com/johnstown-pa/best-mortgage-lenders)
- 🥈 **#2** in Johnstown, PA Banks
  - [View Full Rankings](https://saferate.com/johnstown-pa/best-mortgage-lenders/banks)
- 🥈 **#2** in Johnstown, PA for USDA Loans
  - [View Full Rankings](https://saferate.com/johnstown-pa/best-mortgage-lenders/usda-loans)
- 🥉 **#3** in Pittsburgh, PA for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/pittsburgh-pa/best-mortgage-lenders/banks/usda-loans)
- 🏆 **#4** in Johnstown, PA for Conventional Loans
  - [View Full Rankings](https://saferate.com/johnstown-pa/best-mortgage-lenders/conventional-loans)
- 🏆 **#4** in Johnstown, PA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/johnstown-pa/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#6** in Pennsylvania for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/pennsylvania/best-mortgage-lenders/banks/usda-loans)
- 🏆 **#6** in Pittsburgh, PA Banks
  - [View Full Rankings](https://saferate.com/pittsburgh-pa/best-mortgage-lenders/banks)
- 🏆 **#8** in Pittsburgh, PA for USDA Loans
  - [View Full Rankings](https://saferate.com/pittsburgh-pa/best-mortgage-lenders/usda-loans)
- 🏆 **#11** in Pittsburgh, PA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/pittsburgh-pa/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#12** in Pittsburgh, PA
  - [View Full Rankings](https://saferate.com/pittsburgh-pa/best-mortgage-lenders)
- 🏆 **#17** in Pennsylvania Banks
  - [View Full Rankings](https://saferate.com/pennsylvania/best-mortgage-lenders/banks)
- 🏆 **#17** in Pennsylvania for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/pennsylvania/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#18** in Pennsylvania for USDA Loans
  - [View Full Rankings](https://saferate.com/pennsylvania/best-mortgage-lenders/usda-loans)
- 🏆 **#18** in Pittsburgh, PA for Conventional Loans
  - [View Full Rankings](https://saferate.com/pittsburgh-pa/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does SOMERSET TRUST COMPANY offer?

SOMERSET TRUST COMPANY offers the following mortgage loan types: Conventional, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does SOMERSET TRUST COMPANY offer mortgages?

SOMERSET TRUST COMPANY offers mortgages in 4 states: MD, PA, VA, WV.

### How competitive are SOMERSET TRUST COMPANY's mortgage rates?

SOMERSET TRUST COMPANY has a pricing score of 79/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.063% below market average.

### What type of lender is SOMERSET TRUST COMPANY?

SOMERSET TRUST COMPANY is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in SOMERSET, PA.

### What is SOMERSET TRUST COMPANY's loan approval success rate?

SOMERSET TRUST COMPANY has a pull-through score of 65/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/somerset-trust

### How to Cite

> "SOMERSET TRUST COMPANY Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/somerset-trust

---

**[View Interactive Profile →](https://saferate.com/lenders/somerset-trust)**