Prideco Private Mortgage Loan Fund Lp Rates, Fees & Info
Oakland, CALEI: 254900SJDUBD5DVVWZ69
Tax ID: 27-3338048
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Mortgage Data
Review & Overview
Prideco Private Mortgage Loan Fund Lp is a smaller mortgage company specializing in Home Purchase loans. Prideco Private Mortgage Loan Fund Lp has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Luis Obispo, and Riverside among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Prideco Private Mortgage Loan Fund Lp has an above average approval rate when compared to the average across all lenders.
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Originations
40Origination Dollar Volume (All Markets)
$25,830,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 38 | $25,250,000 | $664,474 | $0 | 9.34% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 9.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $25,830,000 | $645,750 | $0 | 9.36% |
For 2020, Prideco Private Mortgage Loan Fund Lp's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 40 | $25,830,000 | $645,750 | $0 | 9.36% |
For 2020, Prideco Private Mortgage Loan Fund Lp's most frequently cited loan purpose was Home Purchase, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 38 | $21,990,000 | $578,684 | $0 | 9.41% |
| Other | 2 | $3,840,000 | $1,920,000 | $0 | 8.25% |
For 2020, Prideco Private Mortgage Loan Fund Lp's most frequently cited loan duration was 1 Year, with 38 originations. The 2nd most popular length was Other, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 39 | $23,195,000 | $594,744 |
| 7-8% | 1 | $2,635,000 | $2,635,000 |
During 2020, Prideco Private Mortgage Loan Fund Lp's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 39 originations.
Loan Sizing
2020 saw Prideco Private Mortgage Loan Fund Lp place emphasis on $400k-600k loans with 15 originations, totaling $7,725,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 38 | $24,110,000 | $634,474 | $0 | 9.35% |
| Asian | 2 | $1,720,000 | $860,000 | $0 | 9.50% |
Approval Rates
Total approvals of all applications100.00%
Prideco Private Mortgage Loan Fund Lp has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 40 | $25,830,000 | $645,750 |