Prime Choice Funding Mortgage Rates, Fees & Info
Irvine, CALEI: 5493003B1W77K6SD3U22
Tax ID: 45-0556976
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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 an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, Washington, San Francisco, and San Diego among others. We have data for 294 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 a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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 the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.67% | 11/22/24 |
| 30 Year Conventional Refi | 6.32% | 11/22/24 |
| 30 Year Cash-out Refi | 6.53% | 11/22/24 |
| 30 Year FHA Purchase | 7.14% | 11/22/24 |
| 30 Year FHA Refi | 7.26% | 11/22/24 |
| 30 Year VA Purchase | 6.23% | 11/22/24 |
| 30 Year VA Refi | 5.90% | 11/22/24 |
| 15 Year Conventional Refi | 5.73% | 11/22/24 |
| 15 Year Cash-out Refi | 5.73% | 11/22/24 |
| 15 Year FHA Purchase | 5.68% | 11/22/24 |
| 15 Year VA Refi | 5.71% | 11/22/24 |
| 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. | ||
Prime Choice Funding Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
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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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) | 966 | $390,130,000 | $403,861 | $4,191 | 2.92% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 478 | $164,230,000 | $343,577 | $4,579 | 2.95% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 336 | $138,190,000 | $411,280 | $4,855 | 2.87% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 280 | $120,000,000 | $428,571 | $4,175 | 3.00% |
| 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% |
| 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% |
| 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% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 89 | $33,115,000 | $372,079 | $5,207 | 2.95% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 86 | $31,390,000 | $365,000 | $5,220 | 2.84% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 74 | $27,600,000 | $372,973 | $4,901 | 2.93% |
| 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% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 60 | $19,660,000 | $327,667 | $5,676 | 2.93% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 57 | $19,555,000 | $343,070 | $4,910 | 2.99% |
| 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% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 55 | $16,545,000 | $300,818 | $5,349 | 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% |
| Outside of Metro Areas | 50 | $13,390,000 | $267,800 | $4,218 | 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% |
| 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% |
| GREELEY, CO (FHA|USDA|VA) | 26 | $8,810,000 | $338,846 | $4,479 | 3.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 29 | $8,755,000 | $301,897 | $4,484 | 2.89% |
| 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% |
| 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% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 17 | $6,595,000 | $387,941 | $4,363 | 2.95% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 21 | $6,175,000 | $294,048 | $4,682 | 2.62% |
| 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% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 15 | $5,695,000 | $379,667 | $4,242 | 2.96% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 19 | $5,565,000 | $292,895 | $4,946 | 3.03% |
| Klamath Falls, OR (FHA|USDA|VA) | 17 | $4,985,000 | $293,235 | $5,877 | 2.68% |
| 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% |
| Outside of Metro Areas | 14 | $4,280,000 | $305,714 | $5,629 | 3.02% |
| 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% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 14 | $3,890,000 | $277,857 | $4,410 | 2.87% |
| 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% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 13 | $3,355,000 | $258,077 | $3,091 | 3.00% |
| 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% |
| 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% |
| 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% |
| 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% |
| Durango, CO (FHA|USDA|VA) | 5 | $1,925,000 | $385,000 | $7,103 | 3.15% |
| 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% |
| Prineville, OR (FHA|USDA|VA) | 6 | $1,790,000 | $298,333 | $6,702 | 3.00% |
| 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% |
| 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% |
| 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% |
| Ukiah, CA (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $2,515 | 2.70% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $2,807 | 2.98% |
| Concord, NH (FHA|USDA|VA) | 4 | $1,390,000 | $347,500 | $3,546 | 2.66% |
| THE VILLAGES, FL (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $5,463 | 3.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $4,111 | 3.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $4,146 | 3.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $3,655 | 3.25% |
| 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% |
| Edwards, CO (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $3,283 | 3.13% |
| 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% |
| Morehead City, NC (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $3,203 | 2.80% |
| 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% |
| Show Low, AZ (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $2,393 | 3.38% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $3,582 | 3.06% |
| MOBILE, AL (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $3,648 | 3.66% |
| 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% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $5,898 | 2.94% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $4,018 | 3.16% |
| Cañon City, CO (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,768 | 3.00% |
| 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% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $3,489 | 2.38% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $2,888 | 2.81% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $3,465 | 3.08% |
| CHEYENNE, WY (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $3,175 | 2.96% |
| 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% |
| Montrose, CO (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $4,341 | 3.21% |
| Sanford, NC (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $3,563 | 2.75% |
| 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% |
| Roseburg, OR (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $4,406 | 2.50% |
| 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% |
| Meadville, PA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $5,404 | 2.75% |
| 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% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,399 | 2.31% |
| 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% |
| Natchitoches, LA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $2,953 | 3.06% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,616 | 2.88% |
| Enterprise, AL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,179 | 3.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $7,856 | 2.50% |
| Hailey, ID (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $5,523 | 2.25% |
| LaGrange, GA-AL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $6,067 | 2.50% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,505 | 2.88% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,055 | 3.38% |
| 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% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,197 | 2.94% |
| 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% |
| Athens, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $1,584 | 2.88% |
| 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% |
| Riverton, WY (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,368 | 2.75% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,763 | 3.25% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $7,789 | 2.88% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $9,120 | 3.88% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,743 | 2.56% |
| WACO, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,391 | 2.31% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,466 | 3.13% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,313 | 2.38% |
| Shelby, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,132 | 2.88% |
| Astoria, OR (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,590 | 2.88% |
| Scottsburg, IN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,367 | 2.88% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,698 | 2.88% |
| MONROE, LA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,009 | 2.63% |
| Brookings, OR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,823 | 2.88% |
| Somerset, KY (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $15,767 | 3.25% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,274 | 2.25% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,620 | 3.13% |
| FAIRBANKS, AK (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,116 | 2.75% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,019 | 3.50% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,438 | 3.00% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $14,979 | 2.63% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,543 | 2.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,303 | 2.75% |
| Boone, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,216 | 2.25% |
| Rock Springs, WY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,237 | 2.75% |
| Clovis, NM (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,774 | 2.69% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,273 | 2.25% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,438 | 3.13% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,896 | 3.75% |
| Payson, AZ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $14,009 | 2.63% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,292 | 2.50% |
| Angola, IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,035 | 3.25% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,523 | 3.31% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,714 | 2.88% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,365 | 3.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,711 | 3.13% |
| Mountain Home, ID (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,195 | 2.75% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $18,586 | 3.50% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,879 | 2.63% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,418 | 3.38% |
| Hood River, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,485 | 2.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,547 | 2.25% |
| Adrian, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,914 | 3.25% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,835 | 2.88% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,031 | 3.13% |
| Juneau, AK (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,381 | 3.25% |
| 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% |
| Holland, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,332 | 2.25% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,869 | 2.25% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,550 | 2.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,277 | 2.75% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,011 | 3.38% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,835 | 3.38% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,245 | 3.00% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,978 | 2.75% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,172 | 2.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $6,456 | 3.81% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,528 | 2.38% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,746 | 2.75% |
| TYLER, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,724 | 3.13% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,573 | 2.75% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,934 | 2.75% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,472 | 3.38% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,242 | 3.25% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,133 | 3.25% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,083 | 3.63% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,824 | 2.25% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,662 | 3.25% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,627 | 2.88% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,016 | 2.75% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,481 | 2.38% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,195 | 2.50% |
| 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% |
| 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% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,542 | 2.75% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,884 | 2.75% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,867 | 2.25% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,455 | 2.88% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,668 | 2.75% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,860 | 3.13% |
| 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% |
| Roswell, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,025 | 2.63% |
| Decatur, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,224 | 3.63% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,231 | 3.25% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,625 | 3.38% |
| 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% |
| Wilson, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,011 | 2.25% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,258 | 3.25% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,938 | 2.88% |
| Newport, OR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,242 | 2.88% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,373 | 2.88% |
| Granbury, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,295 | 3.38% |
| FLINT, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,377 | 3.50% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,326 | 3.13% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,495 | 3.50% |
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Product Mix
For 2020, Prime Choice Funding's most frequently originated type of loan was Conventional, with 3,478 originations. Their 2nd most popular type was VA, with 2,045 originations.
Loan Reason
For 2020, Prime Choice Funding's most frequently cited loan purpose was Refi, with 3,483 originations. The 2nd most popular reason was Cash Out Refi, with 2,118 originations.
Loan Duration/Length
For 2020, Prime Choice Funding's most frequently cited loan duration was 30 Year, with 5,485 originations. The 2nd most popular length was 15 Year, with 218 originations.
Origination Fees/Closing Costs
Prime Choice Funding's average total fees were $4,479, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,140 originations.
Interest Rates
During 2020, Prime Choice Funding's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,144 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications98.66%
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 origination22.26%
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
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Prime Choice Funding Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 50.0% |
| Prime Choice Funding Inc. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 16.7% |
| Prime Choice Funding Inc. | VA mortgage | Closing on a mortgage | 1 | 16.7% |
| Prime Choice Funding Inc. | VA mortgage | Trouble during payment process | 1 | 16.7% |