Prime Choice Funding Mortgage Rates, Fees & Info

Irvine, CA

LEI: 5493003B1W77K6SD3U22

Tax ID: 45-0556976

5 stars - out of 5 stars, based on 77 reviews

2020 Data | 2019 Data | 2018 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

5,899

Origination Dollar Volume (All Markets)

$2,063,995,000
Show all (93) awards

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 applications
98.89%

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 origination
36.70%

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%