Prime Choice Funding Mortgage Rates, Fees & Info

Irvine, CA

LEI: 5493003B1W77K6SD3U22

Tax ID: 45-0556976

5 stars - out of 5 stars, based on 64 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & 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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Riverside, San Francisco, Phoenix, and Washington among others. We have data for 235 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Prime Choice Funding 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. Prime Choice Funding is typically an average fee lender. They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender in 2021-- chances are they are still one in 2022.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.48% 8/6/22
    30 Year Conventional Refi 5.28% 8/6/22
    30 Year Cash-out Refi 5.41% 8/6/22
    30 Year FHA Purchase 6.13% 8/6/22
    30 Year FHA Refi 6.00% 8/6/22
    30 Year VA Purchase 5.16% 8/6/22
    30 Year VA Refi 4.78% 8/6/22
    15 Year Conventional Purchase 4.42% 8/6/22
    15 Year Conventional Refi 4.32% 8/6/22
    15 Year Cash-out Refi 4.32% 8/6/22
    15 Year VA Refi 4.36% 8/6/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    4,123

    Origination Dollar Volume (All Markets)

    $1,548,165,000
    Show all (61) awards

    Relative Rate

    Prime Choice Funding 's average 30 year fixed rate mortgage of loans were 2.79%.

    The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

    This yields a difference of -0.36%.

    Relative Fees

    Prime Choice Funding 's average total fees for a 30 year fixed rate mortgage are $4,574.

    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 $4,750.

    Top 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) » 851 $360,345,000 $423,437 $4,697 2.76%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) » 381 $136,835,000 $359,147 $4,154 2.77%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) » 202 $90,100,000 $446,040 $3,918 2.67%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) » 206 $70,330,000 $341,408 $3,931 2.77%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) » 174 $68,980,000 $396,437 $4,477 2.64%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) » 147 $64,135,000 $436,293 $4,852 2.67%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) » 139 $53,685,000 $386,223 $4,153 2.77%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) » 97 $36,885,000 $380,258 $3,517 2.81%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) » 75 $35,525,000 $473,667 $4,676 2.62%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) » 93 $31,505,000 $338,763 $4,155 2.69%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) » 73 $27,755,000 $380,205 $5,129 2.68%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) » 64 $25,650,000 $400,781 $4,397 2.72%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) » 62 $25,650,000 $413,710 $4,291 2.64%
    STOCKTON, CA (FHA|USDA|VA) » 55 $21,455,000 $390,091 $4,219 2.95%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) » 59 $21,075,000 $357,203 $4,927 2.63%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) » 57 $20,445,000 $358,684 $4,567 2.55%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) » 60 $18,720,000 $312,000 $5,122 2.86%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) » 55 $18,035,000 $327,909 $5,124 2.64%
    COLORADO SPRINGS, CO (FHA|USDA|VA) » 47 $17,695,000 $376,489 $6,114 2.68%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) » 44 $14,960,000 $340,000 $5,292 2.76%
    VALLEJO, CA (FHA|USDA|VA) » 32 $12,820,000 $400,625 $4,937 2.64%
    FRESNO, CA (FHA|USDA|VA) » 39 $12,625,000 $323,718 $5,292 2.95%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) » 36 $12,550,000 $348,611 $4,074 2.79%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) » 38 $12,530,000 $329,737 $3,721 2.61%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) » 35 $12,305,000 $351,571 $5,223 2.57%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) » 33 $11,765,000 $356,515 $4,080 2.67%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) » 37 $11,565,000 $312,568 $3,547 2.61%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) » 32 $10,710,000 $334,688 $5,383 2.71%
    Outside of Metro Areas 29 $8,855,000 $305,345 $4,988 2.82%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) » 19 $8,605,000 $452,895 $4,024 2.76%
    BEND, OR (FHA|USDA|VA) » 22 $8,320,000 $378,182 $5,623 2.78%
    BOISE CITY, ID (FHA|USDA|VA) » 23 $7,465,000 $324,565 $5,240 2.58%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) » 19 $7,375,000 $388,158 $4,205 2.64%
    FORT COLLINS, CO (FHA|USDA|VA) » 17 $6,575,000 $386,765 $4,496 2.86%
    MODESTO, CA (FHA|USDA|VA) » 20 $6,360,000 $318,000 $4,598 2.85%
    SALINAS, CA (FHA|USDA|VA) » 15 $6,325,000 $421,667 $3,607 2.70%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) » 16 $6,310,000 $394,375 $6,176 2.77%
    BAKERSFIELD, CA (FHA|USDA|VA) » 19 $6,065,000 $319,211 $4,552 2.83%
    RICHMOND, VA (FHA|USDA|VA) » 18 $5,970,000 $331,667 $5,538 2.47%
    JACKSONVILLE, FL (FHA|USDA|VA) » 17 $5,905,000 $347,353 $4,125 2.56%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) » 20 $5,890,000 $294,500 $4,554 2.86%
    RALEIGH-CARY, NC (FHA|USDA|VA) » 20 $5,660,000 $283,000 $3,377 2.80%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) » 13 $4,885,000 $375,769 $4,465 2.94%
    WORCESTER, MA-CT (FHA|USDA|VA) » 14 $4,340,000 $310,000 $4,025 2.81%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) » 15 $4,305,000 $287,000 $6,559 2.65%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) » 11 $3,735,000 $339,545 $6,881 2.77%
    BOULDER, CO (FHA|USDA|VA) » 9 $3,495,000 $388,333 $3,442 2.71%
    TUCSON, AZ (FHA|USDA|VA) » 14 $3,440,000 $245,714 $5,234 2.71%
    GREELEY, CO (FHA|USDA|VA) » 10 $3,350,000 $335,000 $3,810 2.75%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) » 10 $3,290,000 $329,000 $2,874 2.36%
    SPRINGFIELD, MA (FHA|USDA|VA) » 9 $3,195,000 $355,000 $3,051 2.53%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) » 9 $3,065,000 $340,556 $2,925 2.67%
    NAPA, CA (FHA|USDA|VA) » 7 $3,055,000 $436,429 $4,803 2.61%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) » 12 $3,020,000 $251,667 $3,585 2.93%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) » 6 $2,690,000 $448,333 $3,581 2.71%
    SALEM, OR (FHA|USDA|VA) » 8 $2,630,000 $328,750 $4,371 2.63%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) » 9 $2,545,000 $282,778 $3,695 2.69%
    WINSTON-SALEM, NC (FHA|USDA|VA) » 9 $2,545,000 $282,778 $3,901 2.64%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) » 8 $2,470,000 $308,750 $4,616 2.77%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) » 9 $2,445,000 $271,667 $5,801 2.87%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) » 6 $2,400,000 $400,000 $5,696 2.79%
    MERCED, CA (FHA|USDA|VA) » 8 $2,390,000 $298,750 $4,137 2.75%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) » 7 $2,375,000 $339,286 $3,217 2.45%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) » 8 $2,320,000 $290,000 $2,837 2.72%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) » 8 $2,310,000 $288,750 $4,049 2.61%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) » 6 $2,240,000 $373,333 $4,567 2.81%
    ASHEVILLE, NC (FHA|USDA|VA) » 8 $2,230,000 $278,750 $3,717 2.94%
    PITTSBURGH, PA (FHA|USDA|VA) » 8 $2,120,000 $265,000 $6,524 2.94%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) » 5 $2,095,000 $419,000 $3,319 2.37%
    Eureka-Arcata, CA (FHA|USDA|VA) » 5 $2,095,000 $419,000 $7,521 2.63%
    Outside of Metro Areas 6 $2,070,000 $345,000 $3,437 2.71%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) » 6 $2,020,000 $336,667 $6,443 2.62%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) » 6 $1,980,000 $330,000 $5,253 2.58%
    Truckee-Grass Valley, CA (FHA|USDA|VA) » 5 $1,895,000 $379,000 $2,404 2.77%
    YUBA CITY, CA (FHA|USDA|VA) » 6 $1,890,000 $315,000 $3,878 2.75%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) » 5 $1,865,000 $373,000 $5,608 2.55%
    PORT ST. LUCIE, FL (FHA|USDA|VA) » 5 $1,825,000 $365,000 $4,484 2.93%
    ANCHORAGE, AK (FHA|USDA|VA) » 5 $1,755,000 $351,000 $3,667 2.40%
    KNOXVILLE, TN (FHA|USDA|VA) » 6 $1,670,000 $278,333 $5,508 2.50%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) » 4 $1,620,000 $405,000 $3,623 2.75%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) » 4 $1,590,000 $397,500 $3,844 2.75%
    HUNTSVILLE, AL (FHA|USDA|VA) » 5 $1,585,000 $317,000 $2,923 2.58%
    ALBUQUERQUE, NM (FHA|USDA|VA) » 6 $1,570,000 $261,667 $3,488 2.75%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) » 6 $1,520,000 $253,333 $4,305 2.75%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) » 5 $1,515,000 $303,000 $5,524 2.65%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) » 5 $1,495,000 $299,000 $5,267 2.97%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) » 5 $1,475,000 $295,000 $3,740 2.75%
    SANTA FE, NM (FHA|USDA|VA) » 4 $1,440,000 $360,000 $8,049 2.41%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) » 6 $1,430,000 $238,333 $5,916 2.69%
    Klamath Falls, OR (FHA|USDA|VA) » 6 $1,410,000 $235,000 $5,259 2.54%
    SPARTANBURG, SC (FHA|USDA|VA) » 5 $1,405,000 $281,000 $3,573 2.63%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) » 4 $1,400,000 $350,000 $1,685 2.34%
    MADERA, CA (FHA|USDA|VA) » 4 $1,380,000 $345,000 $5,637 2.72%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) » 5 $1,345,000 $269,000 $5,544 2.73%
    Sandpoint, ID (FHA|USDA|VA) » 3 $1,295,000 $431,667 $5,179 2.54%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) » 4 $1,290,000 $322,500 $5,675 1.97%
    PANAMA CITY, FL (FHA|USDA|VA) » 5 $1,285,000 $257,000 $6,000 2.78%
    LYNCHBURG, VA (FHA|USDA|VA) » 4 $1,260,000 $315,000 $9,735 2.69%
    OCALA, FL (FHA|USDA|VA) » 5 $1,225,000 $245,000 $4,145 2.73%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) » 4 $1,210,000 $302,500 $2,388 2.41%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) » 4 $1,180,000 $295,000 $3,711 2.88%
    Jefferson, GA (FHA|USDA|VA) » 4 $1,160,000 $290,000 $2,929 2.44%
    Key West, FL (FHA|USDA|VA) » 2 $1,160,000 $580,000 $3,039 2.56%
    GAINESVILLE, GA (FHA|USDA|VA) » 2 $1,150,000 $575,000 $3,896 3.00%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) » 5 $1,145,000 $229,000 $2,112 2.65%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) » 4 $1,130,000 $282,500 $2,985 2.40%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) » 5 $1,095,000 $219,000 $4,761 2.75%
    FLAGSTAFF, AZ (FHA|USDA|VA) » 3 $1,095,000 $365,000 $4,071 2.38%
    BRUNSWICK, GA (FHA|USDA|VA) » 2 $1,070,000 $535,000 $6,709 2.62%
    VALDOSTA, GA (FHA|USDA|VA) » 4 $1,070,000 $267,500 $4,098 2.97%
    Roseburg, OR (FHA|USDA|VA) » 4 $1,060,000 $265,000 $4,742 2.66%
    WINCHESTER, VA-WV (FHA|USDA|VA) » 3 $995,000 $331,667 $2,732 2.71%
    SAVANNAH, GA (FHA|USDA|VA) » 4 $990,000 $247,500 $5,094 2.59%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) » 3 $945,000 $315,000 $3,393 2.42%
    LaGrange, GA-AL (FHA|USDA|VA) » 1 $935,000 $935,000 $38,029 3.13%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) » 3 $925,000 $308,333 $5,183 2.42%
    EL PASO, TX (FHA|USDA|VA) » 3 $905,000 $301,667 $6,002 2.46%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) » 3 $895,000 $298,333 $4,269 2.21%
    Seneca, SC (FHA|USDA|VA) » 2 $870,000 $435,000 $2,753 2.37%
    CHICO, CA (FHA|USDA|VA) » 3 $865,000 $288,333 $2,574 3.00%
    WILMINGTON, NC (FHA|USDA|VA) » 2 $850,000 $425,000 $8,189 2.69%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) » 3 $815,000 $271,667 $7,374 3.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) » 3 $795,000 $265,000 $2,000 2.71%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) » 3 $775,000 $258,333 $4,894 3.29%
    Lebanon, NH-VT (FHA|USDA|VA) » 2 $770,000 $385,000 $6,500 2.25%
    Red Bluff, CA (FHA|USDA|VA) » 2 $760,000 $380,000 $4,681 2.56%
    BATON ROUGE, LA (FHA|USDA|VA) » 2 $740,000 $370,000 $1,283 2.25%
    STATE COLLEGE, PA (FHA|USDA|VA) » 2 $730,000 $365,000 $5,398 3.06%
    MEDFORD, OR (FHA|USDA|VA) » 2 $730,000 $365,000 $5,580 2.75%
    Payson, AZ (FHA|USDA|VA) » 2 $720,000 $360,000 $3,292 2.69%
    CORPUS CHRISTI, TX (FHA|USDA|VA) » 2 $720,000 $360,000 $4,364 2.75%
    VISALIA, CA (FHA|USDA|VA) » 3 $705,000 $235,000 $2,248 2.71%
    Shelby, NC (FHA|USDA|VA) » 3 $695,000 $231,667 $7,215 2.79%
    GETTYSBURG, PA (FHA|USDA|VA) » 3 $695,000 $231,667 $5,054 2.42%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) » 2 $680,000 $340,000 $3,438 2.75%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) » 2 $640,000 $320,000 $3,391 2.88%
    GOLDSBORO, NC (FHA|USDA|VA) » 2 $640,000 $320,000 $2,674 2.81%
    ANN ARBOR, MI (FHA|USDA|VA) » 3 $635,000 $211,667 $4,345 3.33%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) » 2 $620,000 $310,000 $7,212 3.06%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) » 2 $620,000 $310,000 $2,502 2.50%
    LANCASTER, PA (FHA|USDA|VA) » 2 $600,000 $300,000 $4,568 2.50%
    REDDING, CA (FHA|USDA|VA) » 2 $600,000 $300,000 $4,623 2.75%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) » 3 $585,000 $195,000 $3,229 3.41%
    Coos Bay, OR (FHA|USDA|VA) » 2 $580,000 $290,000 $5,166 2.94%
    BURLINGTON, NC (FHA|USDA|VA) » 2 $580,000 $290,000 $2,219 2.38%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) » 2 $570,000 $285,000 $5,336 2.88%
    Glenwood Springs, CO (FHA|USDA|VA) » 1 $545,000 $545,000 $5,256 2.63%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) » 1 $545,000 $545,000 $4,321 2.75%
    Sevierville, TN (FHA|USDA|VA) » 2 $540,000 $270,000 $6,132 2.38%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) » 2 $530,000 $265,000 $2,468 2.44%
    SALISBURY, MD-DE (FHA|USDA|VA) » 2 $530,000 $265,000 $4,345 2.50%
    Kill Devil Hills, NC (FHA|USDA|VA) » 1 $525,000 $525,000 $210 2.25%
    Cookeville, TN (FHA|USDA|VA) » 2 $520,000 $260,000 $2,521 2.94%
    Alexander City, AL (FHA|USDA|VA) » 1 $515,000 $515,000 $7,033 2.38%
    FAYETTEVILLE, NC (FHA|USDA|VA) » 3 $515,000 $171,667 $3,737 3.00%
    PUNTA GORDA, FL (FHA|USDA|VA) » 1 $495,000 $495,000 $3,150 2.00%
    Huntsville, TX (FHA|USDA|VA) » 1 $485,000 $485,000 $5,902 2.13%
    Ruidoso, NM (FHA|USDA|VA) » 1 $475,000 $475,000 $3,889 2.75%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) » 1 $475,000 $475,000 $3,069 2.75%
    COLUMBUS, OH (FHA|USDA|VA) » 2 $470,000 $235,000 $8,741 2.44%
    Morehead City, NC (FHA|USDA|VA) » 1 $465,000 $465,000 $4,026 2.75%
    FARMINGTON, NM (FHA|USDA|VA) » 2 $460,000 $230,000 $4,255 2.94%
    GREENVILLE, NC (FHA|USDA|VA) » 1 $455,000 $455,000 $2,494 1.99%
    Edwards, CO (FHA|USDA|VA) » 1 $455,000 $455,000 $4,217 2.63%
    YORK-HANOVER, PA (FHA|USDA|VA) » 3 $445,000 $148,333 $4,305 2.71%
    La Grande, OR (FHA|USDA|VA) » 1 $445,000 $445,000 $2,937 2.50%
    Ukiah, CA (FHA|USDA|VA) » 1 $445,000 $445,000 $2,215 2.25%
    TALLAHASSEE, FL (FHA|USDA|VA) » 2 $440,000 $220,000 $3,707 3.06%
    SAN ANGELO, TX (FHA|USDA|VA) » 1 $435,000 $435,000 $5,252 2.75%
    Durango, CO (FHA|USDA|VA) » 1 $425,000 $425,000 $3,986 2.88%
    Riverton, WY (FHA|USDA|VA) » 1 $425,000 $425,000 $4,082 2.25%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) » 2 $420,000 $210,000 $1,242 2.50%
    OCEAN CITY, NJ (FHA|USDA|VA) » 1 $415,000 $415,000 $2,919 2.50%
    COLUMBIA, SC (FHA|USDA|VA) » 2 $410,000 $205,000 $4,587 2.56%
    The Dalles, OR (FHA|USDA|VA) » 1 $405,000 $405,000 $4,245 2.88%
    MOBILE, AL (FHA|USDA|VA) » 1 $395,000 $395,000 $3,676 3.38%
    FAIRBANKS, AK (FHA|USDA|VA) » 1 $385,000 $385,000 $3,162 2.25%
    TWIN FALLS, ID (FHA|USDA|VA) » 1 $385,000 $385,000 $3,308 2.63%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) » 1 $385,000 $385,000 $2,497 2.25%
    Breckenridge, CO (FHA|USDA|VA) » 1 $365,000 $365,000 $2,940 3.00%
    MORRISTOWN, TN (FHA|USDA|VA) » 1 $355,000 $355,000 $9,279 2.75%
    Roswell, NM (FHA|USDA|VA) » 1 $355,000 $355,000 $6,886 3.25%
    Gainesville, TX (FHA|USDA|VA) » 1 $345,000 $345,000 $6,460 2.50%
    READING, PA (FHA|USDA|VA) » 1 $345,000 $345,000 $11,595 2.38%
    COLUMBUS, GA-AL (FHA|USDA|VA) » 1 $335,000 $335,000 $5,837 2.25%
    DAYTON-KETTERING, OH (FHA|USDA|VA) » 1 $335,000 $335,000 $0 2.25%
    LEWISTON, ID-WA (FHA|USDA|VA) » 1 $325,000 $325,000 $8,650 3.38%
    JOHNSTOWN, PA (FHA|USDA|VA) » 1 $325,000 $325,000 $0 2.25%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) » 1 $325,000 $325,000 $0 2.25%
    CaƱon City, CO (FHA|USDA|VA) » 1 $315,000 $315,000 $3,820 2.38%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) » 1 $315,000 $315,000 $3,055 3.25%
    ST. LOUIS, MO-IL (FHA|USDA|VA) » 1 $315,000 $315,000 $2,520 2.25%
    IDAHO FALLS, ID (FHA|USDA|VA) » 1 $305,000 $305,000 $3,688 3.13%
    Concord, NH (FHA|USDA|VA) » 1 $305,000 $305,000 $3,376 2.50%
    Alamogordo, NM (FHA|USDA|VA) » 1 $295,000 $295,000 $2,465 2.25%
    EAST STROUDSBURG, PA (FHA|USDA|VA) » 1 $295,000 $295,000 $4,869 3.25%
    ALBANY-LEBANON, OR (FHA|USDA|VA) » 1 $295,000 $295,000 $16,007 2.38%
    Laconia, NH (FHA|USDA|VA) » 1 $285,000 $285,000 $3,360 2.38%
    Zanesville, OH (FHA|USDA|VA) » 1 $285,000 $285,000 $1,176 2.25%
    DALTON, GA (FHA|USDA|VA) » 1 $285,000 $285,000 $3,890 3.25%
    GRAND JUNCTION, CO (FHA|USDA|VA) » 1 $275,000 $275,000 $5,197 3.63%
    THE VILLAGES, FL (FHA|USDA|VA) » 1 $275,000 $275,000 $4,558 2.75%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) » 1 $275,000 $275,000 $2,180 3.25%
    WARNER ROBINS, GA (FHA|USDA|VA) » 1 $275,000 $275,000 $1,766 2.99%
    FLORENCE, SC (FHA|USDA|VA) » 1 $265,000 $265,000 $4,171 2.25%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) » 1 $265,000 $265,000 $3,780 2.75%
    CHEYENNE, WY (FHA|USDA|VA) » 1 $265,000 $265,000 $3,377 2.88%
    JOHNSON CITY, TN (FHA|USDA|VA) » 1 $265,000 $265,000 $1,390 2.75%
    DOVER, DE (FHA|USDA|VA) » 1 $255,000 $255,000 $3,154 2.25%
    CORVALLIS, OR (FHA|USDA|VA) » 1 $255,000 $255,000 $4,177 2.88%
    BATTLE CREEK, MI (FHA|USDA|VA) » 1 $255,000 $255,000 $1,637 2.25%
    EL CENTRO, CA (FHA|USDA|VA) » 1 $245,000 $245,000 $2,920 3.13%
    GAINESVILLE, FL (FHA|USDA|VA) » 1 $245,000 $245,000 $4,420 2.38%
    LAS CRUCES, NM (FHA|USDA|VA) » 1 $245,000 $245,000 $4,381 3.38%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) » 1 $245,000 $245,000 $3,093 2.75%
    ALBANY, GA (FHA|USDA|VA) » 1 $235,000 $235,000 $2,912 2.38%
    TOPEKA, KS (FHA|USDA|VA) » 1 $235,000 $235,000 $6,829 3.25%
    Cambridge, MD (FHA|USDA|VA) » 1 $225,000 $225,000 $2,460 2.99%
    PUEBLO, CO (FHA|USDA|VA) » 1 $225,000 $225,000 $0 4.50%
    Los Alamos, NM (FHA|USDA|VA) » 1 $225,000 $225,000 $5,173 2.63%
    Newport, TN (FHA|USDA|VA) » 1 $215,000 $215,000 $3,381 2.63%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) » 1 $215,000 $215,000 $3,610 2.25%
    ABILENE, TX (FHA|USDA|VA) » 1 $205,000 $205,000 $4,010 2.38%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) » 1 $195,000 $195,000 $3,213 3.63%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) » 1 $195,000 $195,000 $5,507 3.63%
    TUSCALOOSA, AL (FHA|USDA|VA) » 1 $185,000 $185,000 $2,437 3.25%
    MONROE, MI (FHA|USDA|VA) » 1 $165,000 $165,000 $3,265 3.63%
    SPRINGFIELD, IL (FHA|USDA|VA) » 1 $165,000 $165,000 $2,780 2.25%
    El Campo, TX (FHA|USDA|VA) » 1 $165,000 $165,000 $4,397 2.75%
    HINESVILLE, GA (FHA|USDA|VA) » 1 $165,000 $165,000 $7,003 2.88%
    Bonham, TX (FHA|USDA|VA) » 1 $155,000 $155,000 $5,219 3.50%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) » 1 $145,000 $145,000 $5,265 2.50%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) » 1 $145,000 $145,000 $3,083 3.38%
    JACKSONVILLE, NC (FHA|USDA|VA) » 1 $135,000 $135,000 $2,576 2.25%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) » 1 $105,000 $105,000 $3,887 2.38%

    Prime Choice Funding 's top markets include Los Angeles, Riverside, San Francisco, Phoenix, and Washington among others.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average Rate
    Conventional » 3,280 $1,229,030,000 $374,704 $4,273 2.80%
    VA » 741 $285,895,000 $385,823 $4,831 2.39%
    FHA » 102 $33,240,000 $325,882 $8,721 2.82%

    For the 2021 period, Prime Choice Funding 's most frequently originated loan type of loans were Conventional, with 3,280 originations. Their 2nd most popular type is VA, with 741 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average Rate
    Refi » 2,196 $793,820,000 $361,485 $3,741 2.63%
    Cash Out Refi » 1,658 $635,310,000 $383,179 $5,046 2.81%
    Home Purchase » 268 $118,730,000 $443,022 $7,097 2.90%
    Home Improvement » 1 $305,000 $305,000 $3,688 3.13%

    For the 2021, Prime Choice Funding 's most frequently cited loan purpose of loans were Refi, with 2,196 originations. The 2nd most popular reason of loans were Cash Out Refi, with 1,658 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year » 3,464 $1,323,530,000 $382,081 $4,574 2.79%
    15 Year » 412 $142,730,000 $346,432 $4,179 2.30%
    20 Year » 163 $54,395,000 $333,712 $3,729 2.59%
    Other » 44 $15,400,000 $350,000 $4,197 2.74%
    10 Year » 40 $12,110,000 $302,750 $3,099 2.10%

    For the 2021, Prime Choice Funding 's most frequently cited loan length of loans were 30 Year, with 3,464 originations. The 2nd most popular length of loans were 15 Year, with 412 originations.

    Origination Fees

    Origination Fee Originations Total Value Average Loan
    $1k-2k » 1,607 $587,505,000 $365,591
    $<1k » 1,165 $452,995,000 $388,837
    $5k+ » 444 $188,400,000 $424,324
    $2k-3k » 422 $144,910,000 $343,389
    $3k-4k » 284 $100,110,000 $352,500
    $4k-5k » 201 $74,245,000 $369,378

    $4,574 of loans were Prime Choice Funding 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,607 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% » 2,003 $750,385,000 $374,631
    <2.5% » 1,428 $546,720,000 $382,857
    3-4% » 677 $246,135,000 $363,567
    4-5% » 15 $4,925,000 $328,333

    During 2021, Prime Choice Funding 's average interest rate of loans were 2.79%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,003 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k » 2,127 $664,675,000 $312,494 $4,265 2.72%
    $400k-600k » 1,521 $723,965,000 $475,980 $4,581 2.68%
    $100k-200k » 331 $53,935,000 $162,946 $3,599 2.87%
    $600k-1MM » 130 $93,460,000 $718,923 $8,400 2.88%
    $1MM+ » 10 $11,830,000 $1,183,000 $14,972 3.01%
    $100,000 or less » 4 $300,000 $75,000 $2,826 3.19%

    2021 saw Prime Choice Funding place emphasis on $200k-400k loans with 2,127 originations, totaling $664,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k » 1,249 $490,145,000 $392,430 $4,660 2.76%
    $150k-250k » 822 $354,510,000 $431,277 $4,691 2.72%
    $75k-100k » 709 $246,055,000 $347,045 $4,729 2.82%
    $50k or less » 611 $199,075,000 $325,818 $3,386 2.45%
    $50k-75k » 480 $143,450,000 $298,854 $4,602 2.82%
    $250k+ » 251 $114,695,000 $456,952 $4,661 2.76%

    Prime Choice Funding lent most frequently to those with incomes in the $100k-150k range, with 1,249 originations. The second most popular income band? $150k-250k, with 822 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% » 817 $301,645,000 $369,211 $4,054 2.70%
    <20% » 734 $262,610,000 $357,779 $3,336 2.46%
    30-36% » 715 $272,595,000 $381,252 $4,417 2.78%
    44% » 163 $61,065,000 $374,632 $5,375 2.85%
    42% » 150 $57,720,000 $384,800 $5,222 2.80%
    40% » 145 $56,375,000 $388,793 $5,016 2.86%
    36% » 139 $54,165,000 $389,676 $4,679 2.80%
    41% » 139 $52,475,000 $377,518 $4,421 2.86%
    43% » 137 $51,165,000 $373,467 $4,899 2.86%
    39% » 132 $48,900,000 $370,455 $4,243 2.82%
    49% » 129 $50,765,000 $393,527 $5,272 2.83%
    37% » 110 $41,730,000 $379,364 $4,391 2.80%
    38% » 108 $40,650,000 $376,389 $5,338 2.83%
    50-60% » 101 $40,435,000 $400,347 $7,388 2.58%
    48% » 98 $36,870,000 $376,224 $4,818 2.82%
    45% » 97 $37,245,000 $383,969 $5,049 2.85%
    46% » 97 $38,935,000 $401,392 $6,119 2.80%
    47% » 93 $33,475,000 $359,946 $5,363 2.83%
    >60% » 19 $9,345,000 $491,842 $7,398 2.61%

    Prime Choice Funding lent most frequently to those with DTI ratios of 20-30%, with 817 originations. The next most common DTI ratio? <20%, with 734 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided » 2,112 $781,900,000 $370,218 $4,426 2.72%
    White » 1,601 $602,685,000 $376,443 $4,482 2.74%
    Asian » 227 $96,555,000 $425,352 $4,590 2.66%
    Black » 165 $59,165,000 $358,576 $5,135 2.72%
    Native Hawaiian or Islander » 10 $4,000,000 $400,000 $3,685 2.80%
    American Indian » 7 $3,505,000 $500,714 $3,842 2.64%
    Asian Indian » 1 $355,000 $355,000 $7,324 2.38%

    Approval Rates

    Total approvals of all applications
    97.36%

    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 origination
    55.49%

    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 4,123 $1,548,165,000 $375,495

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    » 4,123 $1,548,165,000 $375,495

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% » 345 $106,175,000 $307,754 $3,861 2.63%
    40-60% » 1,137 $425,955,000 $374,631 $4,034 2.68%
    60-80% » 1,611 $621,525,000 $385,801 $4,631 2.85%
    80-100% » 934 $357,340,000 $382,591 $4,745 2.61%
    Over 100% » 61 $28,715,000 $470,738 $9,234 2.36%
    Under 20% » 35 $8,455,000 $241,571 $3,124 2.78%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Prime Choice Funding Inc. Conventional home mortgage Closing on a mortgage 1 50.0%
    Prime Choice Funding Inc. VA mortgage Trouble during payment process 1 50.0%