Prime Choice Funding Mortgage Rates, Fees & Info
Irvine, CALEI: 5493003B1W77K6SD3U22
Tax ID: 45-0556976
5 stars
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Mortgage Data
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
4,123Origination Dollar Volume (All Markets)
$1,548,165,000Awards
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Prime Choice Funding - 2021
Prime Choice Funding is a 2021 , due to their low .
For 2021, 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
2.79%.
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% |
| Cañon 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 applications97.36%
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 origination55.49%
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% |
