Prime Bank Mortgage Rates, Fees & Info
Edmond, OKLEI: 2549005139GOI7VL3521
Tax ID: 26-2266554
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Mortgage Data
Review & Overview
Prime Bank is a smaller bank specializing in Home Purchase and Refi loans. Prime Bank has a high proportion of conventional loans. Their top two markets are Oklahoma City and Mcalester .Prime Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
53Origination Dollar Volume (All Markets)
$10,595,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
OKLAHOMA CITY, OK (FHA|USDA|VA) | 52 | $10,260,000 | $197,308 | $0 | 0.00% |
McAlester, OK (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 53 | $10,595,000 | $199,906 | $0 | 0.00% |
For 2019, Prime Bank's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
For 2019, Prime Bank's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 53 | $10,595,000 | $199,906 | $0 | 0.00% |
For 2019, Prime Bank's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2019 saw Prime Bank place emphasis on $100k-200k loans with 18 originations, totaling $2,630,000 in origination value.
Applicant Income
Prime Bank lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $250k+, with 3 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 53 | $10,595,000 | $199,906 | $0 | 0.00% |
Prime Bank lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Not applicable | 37 | $7,335,000 | $198,243 | $0 | 0.00% |
White | 16 | $3,260,000 | $203,750 | $0 | 0.00% |
Approval Rates
Total approvals of all applications98.36%
Prime Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.79%
Prime Bank has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 53 | $10,595,000 | $199,906 |