Prime Choice Funding Mortgage Rates, Fees & Info
Irvine, CALEI: 5493003B1W77K6SD3U22
Tax ID: 45-0556976
5 stars
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Mortgage Data
Overview
Prime Choice Funding is a small mortgage company specializing in Refi and Cash Out Refi loans. Prime Choice Funding has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Los Angeles, Riverside, Anaheim, Washington, and San Diego among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Prime Choice Funding is typically an average fee lendor.Originations
5,899Origination Dollar Volume (All Markets)
$2,063,995,000Awards
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Prime Choice Funding - 2020
Prime Choice Funding is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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Relative Rate
Prime Choice Funding 's average 30 year fixed rate mortgage of loans were
2.96%.
The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.
This yields a difference of -0.4%.
Relative Fees
Prime Choice Funding 's average total fees for a 30 year fixed rate
mortgage are $4,479.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $5,021.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) | 607 | $239,735,000 | $394,951 | $4,413 | 2.92% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 478 | $164,230,000 | $343,577 | $4,579 | 2.95% |
| ANAHEIM-SANTA ANA-IRVINE, CA (FHA|USDA|VA) | 359 | $150,395,000 | $418,928 | $3,816 | 2.91% |
| WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) | 286 | $118,610,000 | $414,720 | $4,968 | 2.86% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 271 | $112,615,000 | $415,554 | $4,302 | 2.91% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 338 | $101,350,000 | $299,852 | $4,534 | 3.09% |
| OAKLAND-BERKELEY-LIVERMORE, CA (FHA|USDA|VA) | 208 | $89,270,000 | $429,183 | $3,993 | 3.01% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 195 | $72,035,000 | $369,410 | $4,223 | 2.97% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 163 | $62,415,000 | $382,914 | $4,668 | 2.97% |
| Outside of Metro Areas | 198 | $57,330,000 | $289,545 | $4,660 | 2.89% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 157 | $46,165,000 | $294,045 | $4,496 | 2.96% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 90 | $34,740,000 | $386,000 | $3,137 | 2.85% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 78 | $34,010,000 | $436,026 | $3,094 | 3.02% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 113 | $33,805,000 | $299,159 | $4,303 | 2.90% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 86 | $31,390,000 | $365,000 | $5,220 | 2.84% |
| SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA (FHA|USDA|VA) | 58 | $24,700,000 | $425,862 | $4,807 | 2.97% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 69 | $24,645,000 | $357,174 | $5,001 | 2.92% |
| VALLEJO, CA (FHA|USDA|VA) | 57 | $22,925,000 | $402,193 | $4,249 | 2.86% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 76 | $20,440,000 | $268,947 | $4,518 | 3.01% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 66 | $20,330,000 | $308,030 | $4,036 | 2.89% |
| FREDERICK-GAITHERSBURG-ROCKVILLE, MD (FHA|USDA|VA) | 50 | $19,580,000 | $391,600 | $4,216 | 2.91% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 69 | $19,075,000 | $276,449 | $5,575 | 2.94% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 51 | $17,555,000 | $344,216 | $3,797 | 2.98% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 48 | $16,720,000 | $348,333 | $3,665 | 2.95% |
| STOCKTON, CA (FHA|USDA|VA) | 46 | $16,300,000 | $354,348 | $4,014 | 3.09% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 45 | $15,135,000 | $336,333 | $3,880 | 2.83% |
| BOSTON, MA (FHA|USDA|VA) | 35 | $13,745,000 | $392,714 | $5,417 | 2.97% |
| NEW BRUNSWICK-LAKEWOOD, NJ (FHA|USDA|VA) | 38 | $13,600,000 | $357,895 | $5,643 | 2.89% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 42 | $13,250,000 | $315,476 | $5,441 | 3.02% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 41 | $13,015,000 | $317,439 | $4,618 | 3.01% |
| RICHMOND, VA (FHA|USDA|VA) | 34 | $11,390,000 | $335,000 | $3,941 | 2.91% |
| MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA (FHA|USDA|VA) | 34 | $11,360,000 | $334,118 | $5,674 | 2.87% |
| CAMBRIDGE-NEWTON-FRAMINGHAM, MA (FHA|USDA|VA) | 29 | $10,935,000 | $377,069 | $5,035 | 2.91% |
| DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) | 35 | $10,245,000 | $292,714 | $5,297 | 2.92% |
| NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ (FHA|USDA|VA) | 24 | $9,950,000 | $414,583 | $5,514 | 2.92% |
| NEWARK, NJ-PA (FHA|USDA|VA) | 27 | $9,565,000 | $354,259 | $4,321 | 3.06% |
| BEND, OR (FHA|USDA|VA) | 28 | $9,500,000 | $339,286 | $6,175 | 2.93% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 31 | $8,985,000 | $289,839 | $4,313 | 3.04% |
| FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) | 25 | $8,935,000 | $357,400 | $4,655 | 2.92% |
| GREELEY, CO (FHA|USDA|VA) | 26 | $8,810,000 | $338,846 | $4,479 | 3.00% |
| FRESNO, CA (FHA|USDA|VA) | 31 | $8,745,000 | $282,097 | $4,990 | 3.24% |
| BOISE CITY, ID (FHA|USDA|VA) | 27 | $8,585,000 | $317,963 | $4,490 | 2.89% |
| COEUR D'ALENE, ID (FHA|USDA|VA) | 28 | $8,560,000 | $305,714 | $5,629 | 3.02% |
| NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) | 25 | $7,305,000 | $292,200 | $4,440 | 2.95% |
| MODESTO, CA (FHA|USDA|VA) | 22 | $6,890,000 | $313,182 | $5,089 | 3.06% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 24 | $6,870,000 | $286,250 | $4,098 | 2.82% |
| WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) | 20 | $6,720,000 | $336,000 | $5,046 | 2.95% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 17 | $6,595,000 | $387,941 | $4,363 | 2.95% |
| FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) | 20 | $6,300,000 | $315,000 | $5,440 | 2.99% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 21 | $6,175,000 | $294,048 | $4,682 | 2.62% |
| SAN RAFAEL, CA (FHA|USDA|VA) | 14 | $6,030,000 | $430,714 | $4,269 | 3.10% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 23 | $5,735,000 | $249,348 | $3,673 | 2.98% |
| TUCSON, AZ (FHA|USDA|VA) | 22 | $5,700,000 | $259,091 | $3,494 | 2.87% |
| CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) | 18 | $5,670,000 | $315,000 | $4,265 | 2.90% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 19 | $5,565,000 | $292,895 | $4,946 | 3.03% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 15 | $4,945,000 | $329,667 | $4,870 | 2.84% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 18 | $4,940,000 | $274,444 | $4,938 | 2.83% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 14 | $4,740,000 | $338,571 | $4,745 | 2.77% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 20 | $4,720,000 | $236,000 | $4,733 | 3.02% |
| SALEM, OR (FHA|USDA|VA) | 13 | $4,515,000 | $347,308 | $6,340 | 2.90% |
| BOULDER, CO (FHA|USDA|VA) | 12 | $4,230,000 | $352,500 | $3,803 | 2.95% |
| FORT COLLINS, CO (FHA|USDA|VA) | 13 | $4,195,000 | $322,692 | $5,686 | 2.96% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 13 | $4,085,000 | $314,231 | $4,735 | 2.77% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 14 | $3,940,000 | $281,429 | $3,927 | 2.86% |
| MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) | 12 | $3,900,000 | $325,000 | $5,215 | 3.22% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 14 | $3,890,000 | $277,857 | $4,410 | 2.87% |
| CAMDEN, NJ (FHA|USDA|VA) | 13 | $3,855,000 | $296,538 | $4,604 | 3.04% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 12 | $3,730,000 | $310,833 | $4,239 | 2.91% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 13 | $3,695,000 | $284,231 | $4,969 | 3.14% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 14 | $3,670,000 | $262,143 | $3,507 | 3.00% |
| SALINAS, CA (FHA|USDA|VA) | 8 | $3,590,000 | $448,750 | $3,395 | 2.77% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 11 | $3,555,000 | $323,182 | $4,212 | 2.80% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 9 | $3,535,000 | $392,778 | $3,517 | 2.86% |
| NAPA, CA (FHA|USDA|VA) | 8 | $3,530,000 | $441,250 | $4,659 | 3.03% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 15 | $3,505,000 | $233,667 | $3,811 | 2.95% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 11 | $3,485,000 | $316,818 | $3,766 | 3.02% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 13 | $3,415,000 | $262,692 | $3,960 | 3.02% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 8 | $3,360,000 | $420,000 | $2,789 | 3.02% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 8 | $3,180,000 | $397,500 | $6,700 | 2.94% |
| MEDFORD, OR (FHA|USDA|VA) | 10 | $3,030,000 | $303,000 | $7,413 | 2.90% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 8 | $2,950,000 | $368,750 | $2,522 | 2.45% |
| ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH (FHA|USDA|VA) | 10 | $2,920,000 | $292,000 | $2,706 | 2.81% |
| ASHEVILLE, NC (FHA|USDA|VA) | 11 | $2,915,000 | $265,000 | $5,111 | 2.97% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 7 | $2,885,000 | $412,143 | $5,048 | 2.95% |
| WILMINGTON, DE-MD-NJ (FHA|USDA|VA) | 9 | $2,855,000 | $317,222 | $7,010 | 3.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 10 | $2,810,000 | $281,000 | $4,910 | 2.88% |
| PUEBLO, CO (FHA|USDA|VA) | 11 | $2,785,000 | $253,182 | $4,591 | 2.89% |
| WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) | 10 | $2,780,000 | $278,000 | $3,405 | 2.84% |
| REDDING, CA (FHA|USDA|VA) | 9 | $2,665,000 | $296,111 | $2,988 | 2.86% |
| VISALIA, CA (FHA|USDA|VA) | 9 | $2,655,000 | $295,000 | $4,862 | 3.15% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 7 | $2,575,000 | $367,857 | $4,580 | 2.71% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 9 | $2,565,000 | $285,000 | $4,724 | 3.49% |
| ANCHORAGE, AK (FHA|USDA|VA) | 8 | $2,420,000 | $302,500 | $4,073 | 2.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 9 | $2,295,000 | $255,000 | $5,893 | 3.07% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 7 | $2,275,000 | $325,000 | $4,516 | 3.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 10 | $2,220,000 | $222,000 | $2,884 | 2.95% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 7 | $2,125,000 | $303,571 | $7,623 | 3.32% |
| GAINESVILLE, GA (FHA|USDA|VA) | 6 | $2,090,000 | $348,333 | $4,693 | 3.02% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 8 | $2,080,000 | $260,000 | $5,507 | 2.86% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 9 | $2,055,000 | $228,333 | $5,559 | 3.15% |
| MONTGOMERY, AL (FHA|USDA|VA) | 7 | $1,945,000 | $277,857 | $5,820 | 2.61% |
| PITTSBURGH, PA (FHA|USDA|VA) | 7 | $1,905,000 | $272,143 | $4,844 | 2.91% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 9 | $1,835,000 | $203,889 | $4,283 | 3.14% |
| COLUMBIA, SC (FHA|USDA|VA) | 7 | $1,785,000 | $255,000 | $6,317 | 3.34% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 5 | $1,765,000 | $353,000 | $3,492 | 2.80% |
| ROANOKE, VA (FHA|USDA|VA) | 6 | $1,750,000 | $291,667 | $4,425 | 2.94% |
| LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) | 7 | $1,745,000 | $249,286 | $3,859 | 2.73% |
| YUBA CITY, CA (FHA|USDA|VA) | 5 | $1,715,000 | $343,000 | $5,374 | 2.80% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 6 | $1,660,000 | $276,667 | $4,632 | 2.96% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 7 | $1,635,000 | $233,571 | $2,622 | 2.79% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 5 | $1,625,000 | $325,000 | $5,320 | 2.88% |
| WILMINGTON, NC (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $3,348 | 2.85% |
| PHILADELPHIA, PA (FHA|USDA|VA) | 4 | $1,590,000 | $397,500 | $6,181 | 2.97% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $5,702 | 3.21% |
| CHICO, CA (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $4,505 | 3.08% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $3,441 | 3.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $4,695 | 2.60% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 6 | $1,430,000 | $238,333 | $5,776 | 2.73% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $2,807 | 2.98% |
| THE VILLAGES, FL (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $5,463 | 3.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $3,655 | 3.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $4,146 | 3.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $3,081 | 2.88% |
| MERCED, CA (FHA|USDA|VA) | 6 | $1,230,000 | $205,000 | $3,975 | 3.19% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $2,865 | 2.93% |
| MADERA, CA (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $6,523 | 2.88% |
| GRANTS PASS, OR (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $4,158 | 2.81% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $6,709 | 3.23% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $2,510 | 2.94% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $2,518 | 2.73% |
| EL CENTRO, CA (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $4,663 | 2.78% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $3,326 | 3.20% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $5,220 | 2.75% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $5,595 | 2.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $3,204 | 2.81% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $3,641 | 2.96% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $3,305 | 3.15% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $2,720 | 2.79% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $3,792 | 2.90% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $7,398 | 2.56% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $3,594 | 2.72% |
| MOBILE, AL (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $3,648 | 3.66% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $3,582 | 3.06% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $3,150 | 2.46% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $3,319 | 3.13% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $4,675 | 2.67% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $5,076 | 3.22% |
| FORT WAYNE, IN (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $2,929 | 3.10% |
| AKRON, OH (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $2,921 | 2.78% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $4,018 | 3.16% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $5,898 | 2.94% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $2,969 | 2.94% |
| LYNCHBURG, VA (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $4,963 | 3.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $2,888 | 2.81% |
| CHEYENNE, WY (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $3,175 | 2.96% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $3,465 | 3.08% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $4,754 | 2.67% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $3,740 | 2.63% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $5,113 | 2.50% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $3,548 | 2.67% |
| GARY, IN (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $11,496 | 2.94% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,700 | 2.88% |
| SEBASTIAN-VERO BEACH, FL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $2,554 | 2.92% |
| YUMA, AZ (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $7,657 | 2.58% |
| ELGIN, IL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $1,621 | 3.25% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $9,407 | 3.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,463 | 2.63% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $7,584 | 2.69% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $7,250 | 3.25% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $5,358 | 2.25% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,399 | 2.31% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,022 | 2.75% |
| MANKATO, MN (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $2,832 | 2.56% |
| DETROIT-DEARBORN-LIVONIA, MI (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $2,045 | 3.54% |
| SANTA FE, NM (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,409 | 3.19% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $2,708 | 2.75% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,230 | 2.63% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,505 | 2.88% |
| DOVER, DE (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,313 | 3.06% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $3,319 | 3.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,335 | 3.25% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,307 | 2.50% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $10,624 | 3.63% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $1,239 | 2.81% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,781 | 2.75% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $1,935 | 3.44% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,743 | 2.56% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $9,120 | 3.88% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,466 | 3.13% |
| WACO, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,391 | 2.31% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,313 | 2.38% |
| MONROE, LA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,009 | 2.63% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,438 | 3.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,019 | 3.50% |
| FAIRBANKS, AK (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,116 | 2.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,303 | 2.75% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,273 | 2.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,292 | 2.50% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,523 | 3.31% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $18,586 | 3.50% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,418 | 3.38% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,547 | 2.25% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,626 | 2.75% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,946 | 3.50% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,869 | 2.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,277 | 2.75% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,835 | 3.38% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,011 | 3.38% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,978 | 2.75% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $6,456 | 3.81% |
| TYLER, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,724 | 3.13% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,746 | 2.75% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,528 | 2.38% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,133 | 3.25% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,934 | 2.75% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,242 | 3.25% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,662 | 3.25% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,824 | 2.25% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,195 | 2.50% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,016 | 2.75% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,627 | 2.88% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,481 | 2.38% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,301 | 2.88% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,221 | 2.75% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,867 | 2.25% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,884 | 2.75% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,668 | 2.75% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,968 | 3.88% |
| READING, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,802 | 2.25% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,473 | 3.25% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,857 | 2.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,975 | 2.75% |
| LIMA, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,697 | 2.25% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,018 | 3.25% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,373 | 2.88% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,938 | 2.88% |
| FLINT, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,377 | 3.50% |
Prime Choice Funding 's top markets include Los Angeles, Riverside, Anaheim, Washington, and San Diego among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 3,478 | $1,280,360,000 | $368,131 | $4,026 | 3.01% |
| VA | 2,045 | $672,925,000 | $329,059 | $4,477 | 2.75% |
| FHA | 376 | $110,710,000 | $294,441 | $8,349 | 3.32% |
For the 2020 period, Prime Choice Funding 's most frequently originated loan type of loans were Conventional, with 3,478 originations. Their 2nd most popular type is VA, with 2,045 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 3,483 | $1,193,105,000 | $342,551 | $3,927 | 2.87% |
| Cash Out Refi | 2,118 | $763,620,000 | $360,538 | $4,765 | 3.03% |
| Home Purchase | 295 | $105,775,000 | $358,559 | $8,494 | 3.14% |
| Home Improvement | 3 | $1,495,000 | $498,333 | $7,552 | 3.21% |
For the 2020, Prime Choice Funding 's most frequently cited loan purpose of loans were Refi, with 3,483 originations. The 2nd most popular reason of loans were Cash Out Refi, with 2,118 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 5,485 | $1,923,115,000 | $350,613 | $4,479 | 2.96% |
| 15 Year | 218 | $72,550,000 | $332,798 | $3,895 | 2.57% |
| 20 Year | 108 | $36,570,000 | $338,611 | $4,584 | 2.95% |
| Other | 78 | $26,860,000 | $344,359 | $3,873 | 2.94% |
| 10 Year | 9 | $2,395,000 | $266,111 | $3,907 | 2.72% |
| 30+ year | 1 | $2,505,000 | $2,505,000 | $51,480 | 6.00% |
For the 2020, Prime Choice Funding 's most frequently cited loan length of loans were 30 Year, with 5,485 originations. The 2nd most popular length of loans were 15 Year, with 218 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2,140 | $741,550,000 | $346,519 |
| $1k-2k | 1,937 | $680,055,000 | $351,087 |
| $3k-4k | 684 | $227,490,000 | $332,588 |
| $2k-3k | 627 | $203,105,000 | $323,931 |
| $5k+ | 511 | $211,795,000 | $414,472 |
$4,479 of loans were Prime Choice Funding 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,140 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 3,144 | $1,132,760,000 | $360,293 |
| 3-4% | 1,856 | $613,400,000 | $330,496 |
| <2.5% | 846 | $301,870,000 | $356,820 |
| 4-5% | 45 | $10,825,000 | $240,556 |
| 5-6% | 5 | $3,905,000 | $781,000 |
| 6-7% | 2 | $1,120,000 | $560,000 |
| 7-8% | 1 | $115,000 | $115,000 |
During 2020, Prime Choice Funding 's average interest rate of loans were 2.96%, while their most frequently originated rate bucket of loans were 2.5-3%, with 3,144 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 3,445 | $1,061,615,000 | $308,161 | $4,420 | 2.95% |
| $400k-600k | 1,809 | $838,685,000 | $463,618 | $4,453 | 2.90% |
| $100k-200k | 536 | $89,040,000 | $166,119 | $3,832 | 3.05% |
| $600k-1MM | 97 | $67,265,000 | $693,454 | $8,297 | 2.91% |
| $100,000 or less | 7 | $585,000 | $83,571 | $4,047 | 3.96% |
| $1MM+ | 5 | $6,805,000 | $1,361,000 | $25,403 | 3.20% |
2020 saw Prime Choice Funding place emphasis on $200k-400k loans with 3,445 originations, totaling $1,061,615,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 2,022 | $636,940,000 | $315,005 | $4,201 | 2.84% |
| $100k-150k | 1,293 | $492,535,000 | $380,924 | $4,566 | 3.01% |
| $150k-250k | 981 | $402,035,000 | $409,822 | $4,191 | 2.93% |
| $75k-100k | 792 | $268,850,000 | $339,457 | $4,701 | 3.03% |
| $50k-75k | 593 | $170,445,000 | $287,428 | $5,144 | 3.04% |
| $250k+ | 214 | $91,680,000 | $428,411 | $4,677 | 2.97% |
Prime Choice Funding lent most frequently to those with incomes in the $50k or less range, with 2,022 originations. The second most popular income band? $100k-150k, with 1,293 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 2,220 | $724,870,000 | $326,518 | $4,001 | 2.84% |
| 20-30% | 1,044 | $378,340,000 | $362,395 | $4,131 | 2.95% |
| 30-36% | 793 | $289,905,000 | $365,580 | $4,392 | 3.00% |
| 40% | 150 | $53,580,000 | $357,200 | $4,540 | 3.07% |
| 44% | 150 | $53,910,000 | $359,400 | $5,016 | 3.14% |
| 41% | 148 | $54,810,000 | $370,338 | $4,578 | 3.02% |
| 42% | 139 | $50,555,000 | $363,705 | $4,873 | 3.09% |
| 43% | 137 | $49,865,000 | $363,978 | $5,097 | 3.08% |
| 38% | 123 | $46,465,000 | $377,764 | $4,705 | 2.97% |
| 36% | 123 | $45,295,000 | $368,252 | $4,118 | 2.99% |
| 50-60% | 122 | $41,720,000 | $341,967 | $9,249 | 2.98% |
| 39% | 120 | $44,010,000 | $366,750 | $5,287 | 3.07% |
| 37% | 115 | $42,535,000 | $369,870 | $4,378 | 3.04% |
| 45% | 111 | $41,295,000 | $372,027 | $5,162 | 3.03% |
| 49% | 110 | $38,430,000 | $349,364 | $5,840 | 3.12% |
| 48% | 104 | $38,030,000 | $365,673 | $5,223 | 2.98% |
| 47% | 93 | $35,675,000 | $383,602 | $4,947 | 3.03% |
| 46% | 88 | $30,900,000 | $351,136 | $5,433 | 2.97% |
| >60% | 9 | $3,805,000 | $422,778 | $9,169 | 2.76% |
Prime Choice Funding lent most frequently to those with DTI ratios of <20%, with 2,220 originations. The next most common DTI ratio? 20-30%, with 1,044 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2,928 | $1,012,060,000 | $345,649 | $4,613 | 2.96% |
| Not provided | 2,315 | $815,615,000 | $352,317 | $4,197 | 2.92% |
| Asian | 299 | $117,255,000 | $392,157 | $4,256 | 3.00% |
| Black | 307 | $99,715,000 | $324,805 | $5,125 | 2.92% |
| Native Hawaiian | 12 | $4,870,000 | $405,833 | $4,312 | 2.96% |
| American Indian | 14 | $4,800,000 | $342,857 | $4,295 | 2.83% |
| Filipino | 8 | $3,260,000 | $407,500 | $5,956 | 3.03% |
| Vietnamese | 7 | $2,535,000 | $362,143 | $4,068 | 2.82% |
| Korean | 3 | $1,325,000 | $441,667 | $3,800 | 2.63% |
| Chinese | 3 | $1,325,000 | $441,667 | $6,835 | 2.88% |
| Other Asian | 2 | $870,000 | $435,000 | $3,486 | 3.19% |
| Asian Indian | 1 | $365,000 | $365,000 | $2,510 | 2.63% |
Approval Rates
Total approvals of all applications98.89%
Prime Choice Funding has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination36.70%
Prime Choice Funding has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,899 | $2,063,995,000 | $349,889 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 19 | $4,765,000 | $250,789 |
| Single Family (1-4 Units):Site-Built | 5,880 | $2,059,230,000 | $350,209 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 318 | $96,280,000 | $302,767 | $3,567 | 2.90% |
| 40-60% | 1,107 | $405,985,000 | $366,743 | $3,602 | 2.89% |
| 60-80% | 1,895 | $710,045,000 | $374,694 | $4,424 | 3.04% |
| 80-100% | 2,171 | $713,235,000 | $328,528 | $4,948 | 2.91% |
| Over 100% | 378 | $130,880,000 | $346,243 | $5,101 | 2.80% |
| Under 20% | 30 | $7,570,000 | $252,333 | $4,149 | 2.97% |