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 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 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% | 4/28/24 |
| 30 Year Conventional Refi | 6.32% | 4/28/24 |
| 30 Year Cash-out Refi | 6.53% | 4/28/24 |
| 30 Year FHA Purchase | 7.14% | 4/28/24 |
| 30 Year FHA Refi | 7.26% | 4/28/24 |
| 30 Year VA Purchase | 6.23% | 4/28/24 |
| 30 Year VA Refi | 5.90% | 4/28/24 |
| 15 Year Conventional Refi | 5.73% | 4/28/24 |
| 15 Year Cash-out Refi | 5.73% | 4/28/24 |
| 15 Year FHA Purchase | 5.68% | 4/28/24 |
| 15 Year VA Refi | 5.71% | 4/28/24 |
| 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
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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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, KY (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% |
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We use machine learning to identify the top lenders compared against Prime Choice Funding based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2021, Prime Choice Funding's most frequently originated type of loan was Conventional, with 3,280 originations. Their 2nd most popular type was VA, with 741 originations.
Loan Reason
For 2021, Prime Choice Funding's most frequently cited loan purpose was Refi, with 2,196 originations. The 2nd most popular reason was Cash Out Refi, with 1,658 originations.
Loan Duration/Length
For 2021, Prime Choice Funding's most frequently cited loan duration was 30 Year, with 3,464 originations. The 2nd most popular length was 15 Year, with 412 originations.
Origination Fees/Closing Costs
Prime Choice Funding's average total fees were $4,574, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.79%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,003 originations.
Loan Sizing
2021 saw Prime Choice Funding place emphasis on $200k-400k loans with 2,127 originations, totaling $664,675,000 in origination value.
Applicant Income
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
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
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
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% |