Primary Residential Mortgage Rates, Fees & Info

Carson City, NV

LEI: 54930052M48FOD3CWA54

Tax ID: 86-0860478

2020 Data | 2019 Data | 2018 Data


Overview

Primary Residential Mortgage is a large mortgage company specializing in Home Purchase and Refi loans. Primary Residential Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Baltimore, Phoenix, Denver, Seattle, and Urban Honolulu 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. Primary Residential Mortgage is typically a high fee lendor.


Originations

45,137

Origination Dollar Volume (All Markets)

$11,600,885,000

Relative Rate

Primary Residential Mortgage 's average 30 year fixed rate mortgage was 3.21%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.15%.

Relative Fees

Primary Residential Mortgage 's average total fees for a 30 year fixed rate mortgage are $6,220.

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 31,493 $8,230,545,000 $261,345 $4,936 3.01%
FHA 9,588 $2,263,930,000 $236,121 $9,086 3.54%
VA 2,811 $899,995,000 $320,169 $6,914 3.20%
USDA 1,245 $206,415,000 $165,795 $5,237 3.43%

For the 2020 period, Primary Residential Mortgage 's most frequently originated loan type was Conventional, with 31,493 originations. Their 2nd most popular type is FHA, with 9,588 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 25,839 $6,109,605,000 $236,449 $6,968 3.16%
Refi 13,841 $3,959,515,000 $286,071 $4,674 3.07%
Cash Out Refi 5,435 $1,525,475,000 $280,676 $5,344 3.26%
Home Improvement 22 $6,290,000 $285,909 $5,792 3.08%

For the 2020, Primary Residential Mortgage 's most frequently cited loan purpose was Home Purchase, with 25,839 originations. The 2nd most popular reason was Refi, with 13,841 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 39,744 $10,512,720,000 $264,511 $6,220 3.21%
15 Year 3,137 $685,625,000 $218,561 $4,138 2.66%
20 Year 851 $212,775,000 $250,029 $4,381 3.09%
Other 558 $147,180,000 $263,763 $4,598 2.88%
10 Year 359 $33,375,000 $92,967 $3,521 4.04%
3 Year 231 $2,315,000 $10,022 $7,312 0.00%
30+ year 154 $4,370,000 $28,377 $103,100 1.10%
5 Year 103 $2,525,000 $24,515 $0 0.00%

For the 2020, Primary Residential Mortgage 's most frequently cited loan length was 30 Year, with 39,744 originations. The 2nd most popular length was 15 Year, with 3,137 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 18,304 $4,975,060,000 $271,802
$3k-4k 9,266 $2,463,900,000 $265,908
$2k-3k 6,706 $1,501,280,000 $223,871
$<1k 6,632 $1,013,450,000 $152,812
$5k+ 4,229 $1,647,195,000 $389,500

$6,220 was Primary Residential Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 18,304 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
BALTIMORE-COLUMBIA-TOWSON, MD 3,708 $1,027,830,000 $277,193 $6,143 3.02%
Outside of Metro Areas 4,171 $786,035,000 $188,452 $5,041 3.30%
PHOENIX-MESA-CHANDLER, AZ 2,037 $551,325,000 $270,655 $4,924 3.13%
DENVER-AURORA-LAKEWOOD, CO 1,531 $391,325,000 $255,601 $7,773 2.38%
SEATTLE-BELLEVUE-KENT, WA 772 $321,660,000 $416,658 $4,673 3.05%
URBAN HONOLULU, HI 683 $317,185,000 $464,400 $5,932 3.01%
ALBUQUERQUE, NM 1,438 $299,700,000 $208,414 $4,817 3.39%
PROVIDENCE-WARWICK, RI-MA 1,172 $266,490,000 $227,381 $6,741 3.21%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 850 $260,820,000 $306,847 $7,360 3.30%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 1,130 $256,770,000 $227,230 $7,507 3.33%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 774 $239,190,000 $309,031 $4,543 2.94%
DALLAS-PLANO-IRVING, TX 841 $231,915,000 $275,761 $6,229 3.15%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 868 $230,620,000 $265,691 $5,177 3.25%
OGDEN-CLEARFIELD, UT 841 $223,905,000 $266,237 $5,693 3.20%
MIAMI-MIAMI BEACH-KENDALL, FL 754 $223,070,000 $295,849 $9,079 3.46%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 845 $217,625,000 $257,544 $5,046 3.07%
SALT LAKE CITY, UT 574 $167,940,000 $292,578 $5,259 3.16%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 508 $164,110,000 $323,051 $9,621 3.15%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 529 $148,315,000 $280,369 $6,796 3.27%
RALEIGH-CARY, NC 521 $147,325,000 $282,774 $4,735 3.16%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 608 $140,860,000 $231,678 $7,070 3.26%
LAS VEGAS-HENDERSON-PARADISE, NV 482 $133,340,000 $276,639 $6,381 3.04%
GREELEY, CO 558 $132,910,000 $238,190 $8,263 2.48%
ORLANDO-KISSIMMEE-SANFORD, FL 525 $131,075,000 $249,667 $6,859 3.26%
CAPE CORAL-FORT MYERS, FL 548 $119,070,000 $217,281 $7,404 3.45%
NEW HAVEN-MILFORD, CT 435 $118,415,000 $272,218 $5,412 3.22%
BOISE CITY, ID 485 $115,505,000 $238,155 $7,630 3.20%
PROVO-OREM, UT 354 $110,830,000 $313,079 $6,007 3.14%
COLORADO SPRINGS, CO 498 $100,370,000 $201,546 $8,047 2.27%
PORT ST. LUCIE, FL 383 $98,215,000 $256,436 $6,294 3.29%
TACOMA-LAKEWOOD, WA 292 $94,030,000 $322,021 $5,499 3.14%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 230 $91,210,000 $396,565 $4,781 3.08%
PALM BAY-MELBOURNE-TITUSVILLE, FL 361 $88,195,000 $244,307 $5,522 3.21%
LOS ANGELES-LONG BEACH-GLENDALE, CA 174 $85,950,000 $493,966 $6,771 3.15%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 365 $84,845,000 $232,452 $5,749 3.25%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 346 $81,840,000 $236,532 $6,958 3.00%
OAKLAND-BERKELEY-LIVERMORE, CA 169 $80,715,000 $477,604 $6,839 3.26%
INDIANAPOLIS-CARMEL-ANDERSON, IN 410 $75,810,000 $184,902 $3,978 3.18%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 208 $70,780,000 $340,288 $5,397 3.17%
WILMINGTON, DE-MD-NJ 328 $70,070,000 $213,628 $7,171 2.93%
ANCHORAGE, AK 231 $68,705,000 $297,424 $8,119 3.03%
GRAND JUNCTION, CO 280 $67,720,000 $241,857 $5,249 3.04%
NAPLES-MARCO ISLAND, FL 214 $66,720,000 $311,776 $8,648 3.32%
STOCKTON, CA 222 $63,920,000 $287,928 $8,371 3.03%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 226 $62,500,000 $276,549 $7,001 3.10%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 271 $62,015,000 $228,838 $7,160 2.98%
NEW BRUNSWICK-LAKEWOOD, NJ 206 $59,700,000 $289,806 $7,633 3.00%
LAKELAND-WINTER HAVEN, FL 292 $58,130,000 $199,075 $6,512 3.44%
MODESTO, CA 190 $54,760,000 $288,211 $7,914 3.15%
RENO, NV 176 $53,730,000 $305,284 $6,010 3.17%
SAN RAFAEL, CA 89 $53,275,000 $598,596 $5,686 3.24%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 187 $52,255,000 $279,439 $5,850 3.10%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 85 $51,965,000 $611,353 $6,502 3.18%
LAKE HAVASU CITY-KINGMAN, AZ 192 $50,280,000 $261,875 $4,206 3.38%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 224 $44,800,000 $200,000 $3,720 3.31%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 126 $44,390,000 $352,302 $7,036 3.02%
PENSACOLA-FERRY PASS-BRENT, FL 216 $43,990,000 $203,657 $5,714 3.37%
BATON ROUGE, LA 196 $43,070,000 $219,745 $4,859 3.38%
VALLEJO, CA 126 $42,730,000 $339,127 $6,810 3.03%
WORCESTER, MA-CT 171 $41,575,000 $243,129 $6,914 3.39%
CHATTANOOGA, TN-GA 167 $39,735,000 $237,934 $4,312 3.35%
VISALIA, CA 192 $39,470,000 $205,573 $7,688 2.99%
LAS CRUCES, NM 273 $39,065,000 $143,095 $4,376 3.50%
BOWLING GREEN, KY 231 $38,335,000 $165,952 $5,583 3.38%
SANTA ROSA-PETALUMA, CA 95 $37,715,000 $397,000 $7,008 3.04%
SAN LUIS OBISPO-PASO ROBLES, CA 92 $37,090,000 $403,152 $7,830 3.10%
PORTLAND-SOUTH PORTLAND, ME 136 $35,760,000 $262,941 $6,357 3.30%
WALLA WALLA, WA 124 $34,770,000 $280,403 $3,439 3.01%
FORT COLLINS, CO 121 $33,965,000 $280,702 $7,529 2.53%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 111 $33,735,000 $303,919 $4,986 2.94%
DURHAM-CHAPEL HILL, NC 114 $32,930,000 $288,860 $4,029 3.25%
OLYMPIA-LACEY-TUMWATER, WA 101 $32,385,000 $320,644 $4,897 3.11%
MERCED, CA 126 $31,590,000 $250,714 $7,523 3.10%
CALIFORNIA-LEXINGTON PARK, MD 93 $31,545,000 $339,194 $7,731 3.10%
CHICAGO-NAPERVILLE-EVANSTON, IL 122 $31,130,000 $255,164 $4,529 3.04%
FRESNO, CA 129 $30,735,000 $238,256 $7,052 3.10%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 121 $30,575,000 $252,686 $5,096 3.01%
CLEVELAND-ELYRIA, OH 148 $29,090,000 $196,554 $5,144 3.42%
ST. GEORGE, UT 107 $28,485,000 $266,215 $4,396 3.26%
NAPA, CA 73 $28,165,000 $385,822 $5,578 3.12%
PHILADELPHIA, PA 117 $27,555,000 $235,513 $7,352 3.16%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 141 $26,225,000 $185,993 $4,653 3.69%
NEWARK, NJ-PA 84 $25,700,000 $305,952 $6,986 3.60%
HARRISONBURG, VA 114 $25,500,000 $223,684 $4,332 3.11%
ALEXANDRIA, LA 126 $23,540,000 $186,825 $5,753 3.35%
CORPUS CHRISTI, TX 191 $23,265,000 $121,806 $7,212 2.34%
ANAHEIM-SANTA ANA-IRVINE, CA 51 $22,505,000 $441,275 $4,948 3.16%
BOSTON, MA 67 $22,215,000 $331,567 $7,301 3.17%
AUBURN-OPELIKA, AL 92 $21,660,000 $235,435 $6,538 3.14%
BAKERSFIELD, CA 95 $20,375,000 $214,474 $6,639 2.88%
NEW ORLEANS-METAIRIE, LA 73 $20,345,000 $278,699 $5,310 3.24%
LOGAN, UT-ID 88 $20,250,000 $230,114 $4,743 3.11%
BRIDGEPORT-STAMFORD-NORWALK, CT 60 $19,560,000 $326,000 $6,135 3.23%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 52 $19,070,000 $366,731 $7,308 3.24%
EUGENE-SPRINGFIELD, OR 76 $18,970,000 $249,605 $5,294 3.18%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 35 $18,945,000 $541,286 $7,818 3.21%
SALISBURY, MD-DE 74 $18,510,000 $250,135 $5,601 3.03%
DAYTON-KETTERING, OH 111 $18,465,000 $166,351 $4,200 3.33%
WICHITA, KS 121 $18,465,000 $152,603 $4,261 3.57%
COLUMBUS, OH 107 $18,295,000 $170,981 $5,773 3.19%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 57 $18,275,000 $320,614 $6,287 3.35%
CASPER, WY 112 $18,180,000 $162,321 $6,911 2.57%
JACKSONVILLE, FL 80 $17,800,000 $222,500 $6,665 3.32%
NORTH PORT-SARASOTA-BRADENTON, FL 67 $17,555,000 $262,015 $6,248 3.14%
COLUMBUS, GA-AL 74 $16,140,000 $218,108 $5,680 3.12%
CAMDEN, NJ 86 $15,870,000 $184,535 $6,540 2.89%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 54 $15,530,000 $287,593 $6,580 3.14%
YORK-HANOVER, PA 65 $15,325,000 $235,769 $6,311 3.03%
SPRINGFIELD, MA 67 $15,285,000 $228,134 $6,649 3.18%
CHARLESTON-NORTH CHARLESTON, SC 57 $14,935,000 $262,018 $5,055 3.18%
PUEBLO, CO 119 $14,675,000 $123,319 $5,992 2.02%
KNOXVILLE, TN 64 $14,630,000 $228,594 $5,095 3.27%
GREENVILLE-ANDERSON, SC 79 $14,585,000 $184,620 $3,942 3.51%
NORWICH-NEW LONDON, CT 64 $14,430,000 $225,469 $6,802 3.26%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 63 $14,095,000 $223,730 $7,158 3.32%
TUCSON, AZ 59 $13,595,000 $230,424 $6,235 3.21%
LONGVIEW, WA 62 $13,540,000 $218,387 $5,643 2.73%
MCALLEN-EDINBURG-MISSION, TX 85 $13,405,000 $157,706 $6,922 3.21%
TYLER, TX 57 $12,665,000 $222,193 $5,635 3.33%
SAN ANTONIO-NEW BRAUNFELS, TX 51 $12,445,000 $244,020 $6,174 3.25%
HOT SPRINGS, AR 67 $10,825,000 $161,567 $4,035 3.63%
ST. LOUIS, MO-IL 57 $10,765,000 $188,860 $5,359 3.12%
DOVER, DE 60 $10,610,000 $176,833 $6,795 2.79%
BOULDER, CO 32 $10,540,000 $329,375 $6,043 2.66%
CINCINNATI, OH-KY-IN 54 $10,250,000 $189,815 $4,802 3.41%
BEND, OR 32 $10,200,000 $318,750 $4,498 2.93%
BANGOR, ME 62 $10,130,000 $163,387 $4,787 3.46%
PRESCOTT VALLEY-PRESCOTT, AZ 39 $9,745,000 $249,872 $5,143 3.17%
HOMOSASSA SPRINGS, FL 58 $9,670,000 $166,724 $5,789 3.53%
FORT WAYNE, IN 62 $9,590,000 $154,677 $3,925 3.18%
SANTA FE, NM 31 $9,425,000 $304,032 $5,977 3.04%
MADERA, CA 33 $9,285,000 $281,364 $7,601 3.20%
BROWNSVILLE-HARLINGEN, TX 62 $8,590,000 $138,548 $7,261 3.00%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 26 $8,490,000 $326,538 $5,017 3.22%
SALEM, OR 31 $8,465,000 $273,065 $6,178 3.71%
FLAGSTAFF, AZ 25 $7,665,000 $306,600 $3,978 3.06%
GARY, IN 40 $7,660,000 $191,500 $5,137 3.03%
LAFAYETTE-WEST LAFAYETTE, IN 47 $7,595,000 $161,596 $4,125 3.62%
MONROE, LA 45 $7,575,000 $168,333 $5,291 3.90%
DAPHNE-FAIRHOPE-FOLEY, AL 31 $7,495,000 $241,774 $4,609 3.09%
MANCHESTER-NASHUA, NH 31 $7,375,000 $237,903 $6,115 3.19%
ATHENS-CLARKE COUNTY, GA 35 $7,375,000 $210,714 $7,176 3.44%
CLARKSVILLE, TN-KY 32 $7,130,000 $222,813 $7,051 3.14%
EVANSVILLE, IN-KY 45 $6,895,000 $153,222 $3,698 3.52%
HICKORY-LENOIR-MORGANTON, NC 26 $6,710,000 $258,077 $5,868 3.40%
KAHULUI-WAILUKU-LAHAINA, HI 15 $6,665,000 $444,333 $4,390 3.02%
KENNEWICK-RICHLAND, WA 24 $6,420,000 $267,500 $4,691 3.10%
YAKIMA, WA 25 $6,415,000 $256,600 $5,020 3.34%
SPOKANE-SPOKANE VALLEY, WA 24 $6,320,000 $263,333 $3,239 3.12%
PUNTA GORDA, FL 28 $6,290,000 $224,643 $6,635 3.60%
SPARTANBURG, SC 37 $6,195,000 $167,432 $4,748 3.63%
TULSA, OK 37 $5,925,000 $160,135 $5,007 3.39%
WENATCHEE, WA 15 $5,455,000 $363,667 $3,838 3.22%
SEBASTIAN-VERO BEACH, FL 21 $5,255,000 $250,238 $5,911 3.34%
OWENSBORO, KY 34 $5,200,000 $152,941 $5,219 3.14%
CARSON CITY, NV 20 $5,160,000 $258,000 $5,761 3.04%
FAYETTEVILLE, NC 21 $5,135,000 $244,524 $6,052 3.11%
ELGIN, IL 23 $5,065,000 $220,217 $4,885 2.97%
MISSOULA, MT 14 $5,060,000 $361,429 $4,874 3.26%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 19 $5,015,000 $263,947 $5,090 3.23%
CANTON-MASSILLON, OH 34 $4,860,000 $142,941 $4,413 3.09%
COLLEGE STATION-BRYAN, TX 18 $4,680,000 $260,000 $4,993 3.18%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 13 $4,545,000 $349,615 $6,483 3.05%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 21 $4,515,000 $215,000 $3,728 3.61%
KANSAS CITY, MO-KS 23 $4,515,000 $196,304 $4,772 3.80%
STAUNTON, VA 21 $4,475,000 $213,095 $4,028 3.15%
KINGSPORT-BRISTOL, TN-VA 26 $4,410,000 $169,615 $4,605 3.01%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 18 $4,410,000 $245,000 $3,887 2.86%
SALINAS, CA 9 $4,315,000 $479,444 $5,894 3.03%
WINSTON-SALEM, NC 20 $4,300,000 $215,000 $5,361 3.67%
OSHKOSH-NEENAH, WI 30 $4,230,000 $141,000 $4,720 3.62%
GAINESVILLE, GA 15 $4,225,000 $281,667 $7,362 3.03%
MIDLAND, TX 18 $4,190,000 $232,778 $6,109 2.69%
MILWAUKEE-WAUKESHA, WI 18 $4,140,000 $230,000 $5,827 3.42%
WARREN-TROY-FARMINGTON HILLS, MI 21 $3,965,000 $188,810 $4,159 3.20%
OXNARD-THOUSAND OAKS-VENTURA, CA 8 $3,960,000 $495,000 $7,064 3.01%
AKRON, OH 22 $3,960,000 $180,000 $4,162 3.23%
TEXARKANA, TX-AR 22 $3,920,000 $178,182 $4,862 4.06%
READING, PA 21 $3,915,000 $186,429 $5,704 2.99%
SANTA CRUZ-WATSONVILLE, CA 10 $3,870,000 $387,000 $4,645 3.01%
SANTA MARIA-SANTA BARBARA, CA 13 $3,755,000 $288,846 $5,607 3.09%
GAINESVILLE, FL 17 $3,635,000 $213,824 $7,006 3.44%
OCALA, FL 26 $3,620,000 $139,231 $5,701 3.59%
CHARLOTTESVILLE, VA 15 $3,595,000 $239,667 $3,870 3.18%
SHERMAN-DENISON, TX 18 $3,500,000 $194,444 $6,345 3.46%
RICHMOND, VA 13 $3,435,000 $264,231 $3,680 2.80%
APPLETON, WI 19 $3,435,000 $180,789 $4,514 3.30%
COLUMBIA, SC 21 $3,425,000 $163,095 $4,379 3.50%
JOHNSON CITY, TN 15 $3,405,000 $227,000 $3,941 2.69%
GRAND RAPIDS-KENTWOOD, MI 13 $3,325,000 $255,769 $3,121 3.25%
GREENSBORO-HIGH POINT, NC 15 $3,215,000 $214,333 $4,627 3.24%
MOUNT VERNON-ANACORTES, WA 11 $3,165,000 $287,727 $5,682 2.82%
SEBRING-AVON PARK, FL 17 $3,085,000 $181,471 $6,061 3.70%
LUBBOCK, TX 17 $3,045,000 $179,118 $5,075 3.15%
SHREVEPORT-BOSSIER CITY, LA 15 $3,035,000 $202,333 $4,932 3.54%
OCEAN CITY, NJ 10 $2,990,000 $299,000 $5,816 3.13%
OKLAHOMA CITY, OK 15 $2,965,000 $197,667 $6,004 3.53%
BELLINGHAM, WA 8 $2,930,000 $366,250 $4,562 3.08%
BLOOMINGTON, IN 18 $2,930,000 $162,778 $3,471 3.12%
HILTON HEAD ISLAND-BLUFFTON, SC 8 $2,900,000 $362,500 $5,484 3.19%
CORVALLIS, OR 11 $2,885,000 $262,273 $4,423 3.04%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 15 $2,885,000 $192,333 $6,175 3.46%
HAGERSTOWN-MARTINSBURG, MD-WV 12 $2,760,000 $230,000 $6,934 3.57%
EAST STROUDSBURG, PA 15 $2,755,000 $183,667 $7,343 4.21%
YUBA CITY, CA 9 $2,685,000 $298,333 $6,963 3.28%
BURLINGTON, NC 11 $2,645,000 $240,455 $5,089 3.63%
LAFAYETTE, LA 18 $2,610,000 $145,000 $5,538 3.41%
PITTSBURGH, PA 12 $2,600,000 $216,667 $6,053 3.12%
AUGUSTA-RICHMOND COUNTY, GA-SC 15 $2,525,000 $168,333 $5,444 3.26%
BIRMINGHAM-HOOVER, AL 11 $2,365,000 $215,000 $6,133 3.50%
ASHEVILLE, NC 8 $2,260,000 $282,500 $3,873 2.98%
CAPE GIRARDEAU, MO-IL 16 $2,200,000 $137,500 $4,674 2.80%
ROCKY MOUNT, NC 13 $2,195,000 $168,846 $4,601 3.41%
MEMPHIS, TN-MS-AR 12 $2,110,000 $175,833 $5,027 3.75%
PINE BLUFF, AR 14 $2,100,000 $150,000 $4,224 4.13%
SPRINGFIELD, OH 15 $2,075,000 $138,333 $3,890 3.51%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 8 $2,070,000 $258,750 $5,369 2.84%
FLORENCE, SC 13 $2,035,000 $156,538 $4,916 3.43%
ALBANY-LEBANON, OR 9 $2,025,000 $225,000 $5,393 2.92%
MADISON, WI 6 $1,950,000 $325,000 $4,319 3.17%
ATLANTIC CITY-HAMMONTON, NJ 10 $1,930,000 $193,000 $6,667 3.66%
TALLAHASSEE, FL 11 $1,855,000 $168,636 $5,024 3.51%
HARRISBURG-CARLISLE, PA 9 $1,825,000 $202,778 $5,774 3.28%
RACINE, WI 10 $1,800,000 $180,000 $6,430 3.36%
LEWISTON-AUBURN, ME 11 $1,775,000 $161,364 $5,585 3.37%
WACO, TX 9 $1,755,000 $195,000 $6,104 3.28%
LEXINGTON-FAYETTE, KY 9 $1,735,000 $192,778 $4,596 3.58%
MOBILE, AL 10 $1,730,000 $173,000 $3,344 3.80%
JONESBORO, AR 11 $1,715,000 $155,909 $5,140 4.24%
EAU CLAIRE, WI 7 $1,705,000 $243,571 $8,355 3.96%
DES MOINES-WEST DES MOINES, IA 8 $1,700,000 $212,500 $3,912 4.00%
REDDING, CA 9 $1,615,000 $179,444 $6,168 3.01%
BARNSTABLE TOWN, MA 3 $1,605,000 $535,000 $6,899 3.00%
TWIN FALLS, ID 8 $1,600,000 $200,000 $10,077 3.42%
THE VILLAGES, FL 6 $1,580,000 $263,333 $4,256 3.60%
COLUMBUS, IN 10 $1,560,000 $156,000 $4,137 3.05%
SCRANTON--WILKES-BARRE, PA 10 $1,530,000 $153,000 $5,774 3.40%
NILES, MI 7 $1,515,000 $216,429 $3,253 3.00%
WILMINGTON, NC 6 $1,490,000 $248,333 $6,872 3.21%
WARNER ROBINS, GA 6 $1,460,000 $243,333 $5,792 3.73%
HUNTSVILLE, AL 7 $1,455,000 $207,857 $4,976 3.73%
MACON-BIBB COUNTY, GA 14 $1,450,000 $103,571 $6,693 2.97%
AMARILLO, TX 6 $1,390,000 $231,667 $3,986 3.33%
LANCASTER, PA 7 $1,385,000 $197,857 $5,546 3.10%
CLEVELAND, TN 6 $1,380,000 $230,000 $5,757 3.13%
JACKSON, MS 8 $1,380,000 $172,500 $6,910 3.73%
ELIZABETHTOWN-FORT KNOX, KY 8 $1,380,000 $172,500 $4,418 3.55%
DOTHAN, AL 9 $1,375,000 $152,778 $3,742 3.75%
IDAHO FALLS, ID 6 $1,370,000 $228,333 $4,925 3.40%
HOUMA-THIBODAUX, LA 9 $1,325,000 $147,222 $4,393 3.93%
PANAMA CITY, FL 6 $1,300,000 $216,667 $5,252 3.31%
GREEN BAY, WI 9 $1,285,000 $142,778 $5,470 3.25%
TOPEKA, KS 8 $1,280,000 $160,000 $4,542 3.22%
LONGVIEW, TX 6 $1,270,000 $211,667 $5,216 3.25%
COEUR D'ALENE, ID 4 $1,240,000 $310,000 $3,963 3.38%
KILLEEN-TEMPLE, TX 10 $1,230,000 $123,000 $5,432 2.89%
GRAND FORKS, ND-MN 8 $1,220,000 $152,500 $4,416 2.91%
FORT SMITH, AR-OK 8 $1,200,000 $150,000 $4,643 3.67%
MEDFORD, OR 5 $1,195,000 $239,000 $6,192 3.63%
LYNCHBURG, VA 5 $1,185,000 $237,000 $6,585 2.87%
BRUNSWICK, GA 7 $1,185,000 $169,286 $4,740 3.09%
CHICO, CA 5 $1,165,000 $233,000 $5,988 2.87%
KOKOMO, IN 8 $1,150,000 $143,750 $4,669 3.06%
MANHATTAN, KS 6 $1,100,000 $183,333 $4,612 3.42%
TERRE HAUTE, IN 9 $1,045,000 $116,111 $3,800 4.01%
MANSFIELD, OH 6 $1,020,000 $170,000 $3,713 3.06%
GULFPORT-BILOXI, MS 6 $1,020,000 $170,000 $4,738 3.10%
TRENTON-PRINCETON, NJ 3 $1,005,000 $335,000 $4,333 3.25%
ELKHART-GOSHEN, IN 9 $995,000 $110,556 $4,317 3.00%
VICTORIA, TX 5 $985,000 $197,000 $6,521 3.42%
DALTON, GA 5 $975,000 $195,000 $5,710 3.53%
SOUTH BEND-MISHAWAKA, IN-MI 7 $965,000 $137,857 $5,550 3.63%
SAVANNAH, GA 5 $925,000 $185,000 $4,411 3.08%
ODESSA, TX 4 $890,000 $222,500 $3,393 2.59%
LAKE CHARLES, LA 3 $855,000 $285,000 $5,280 3.04%
VALDOSTA, GA 5 $815,000 $163,000 $6,838 4.10%
GETTYSBURG, PA 3 $805,000 $268,333 $7,114 3.17%
POCATELLO, ID 4 $800,000 $200,000 $9,024 3.53%
CHEYENNE, WY 4 $760,000 $190,000 $7,453 3.66%
ABILENE, TX 5 $735,000 $147,000 $6,069 3.83%
WINCHESTER, VA-WV 2 $720,000 $360,000 $14,305 3.38%
SAN ANGELO, TX 5 $715,000 $143,000 $5,520 2.40%
DECATUR, IL 5 $685,000 $137,000 $4,277 3.08%
ROCKFORD, IL 4 $680,000 $170,000 $5,077 3.50%
FOND DU LAC, WI 3 $675,000 $225,000 $4,063 3.71%
SIERRA VISTA-DOUGLAS, AZ 4 $670,000 $167,500 $4,733 3.31%
BATTLE CREEK, MI 4 $650,000 $162,500 $4,372 3.25%
JANESVILLE-BELOIT, WI 4 $650,000 $162,500 $6,771 3.13%
LAREDO, TX 4 $630,000 $157,500 $8,469 3.75%
ST. CLOUD, MN 3 $605,000 $201,667 $8,343 2.96%
LAWRENCE, KS 3 $585,000 $195,000 $4,527 3.50%
WICHITA FALLS, TX 3 $565,000 $188,333 $6,674 3.67%
MUNCIE, IN 6 $560,000 $93,333 $4,444 3.50%
CHAMPAIGN-URBANA, IL 3 $545,000 $181,667 $3,992 3.33%
FARMINGTON, NM 3 $535,000 $178,333 $3,500 2.83%
BISMARCK, ND 2 $530,000 $265,000 $8,077 2.87%
EL PASO, TX 3 $525,000 $175,000 $3,821 3.63%
HANFORD-CORCORAN, CA 2 $510,000 $255,000 $6,264 2.81%
BEAUMONT-PORT ARTHUR, TX 3 $505,000 $168,333 $5,385 4.54%
BLACKSBURG-CHRISTIANSBURG, VA 2 $500,000 $250,000 $5,092 2.69%
YUMA, AZ 3 $485,000 $161,667 $3,304 3.79%
ROME, GA 3 $475,000 $158,333 $5,178 3.92%
MICHIGAN CITY-LA PORTE, IN 3 $465,000 $155,000 $4,309 3.21%
FLORENCE-MUSCLE SHOALS, AL 2 $460,000 $230,000 $7,891 3.19%
TOLEDO, OH 3 $445,000 $148,333 $5,257 2.96%
RAPID CITY, SD 1 $445,000 $445,000 $2,438 3.25%
MONTGOMERY, AL 2 $420,000 $210,000 $4,155 3.69%
GREENVILLE, NC 2 $420,000 $210,000 $4,444 3.00%
CARBONDALE-MARION, IL 2 $410,000 $205,000 $3,630 3.56%
HINESVILLE, GA 2 $410,000 $205,000 $6,061 2.94%
HUNTINGTON-ASHLAND, WV-KY-OH 2 $410,000 $205,000 $4,038 3.06%
SPRINGFIELD, MO 3 $395,000 $131,667 $2,438 4.42%
MANKATO, MN 2 $390,000 $195,000 $5,052 3.00%
JACKSON, TN 3 $385,000 $128,333 $6,541 3.38%
SHEBOYGAN, WI 3 $385,000 $128,333 $4,522 3.58%
OMAHA-COUNCIL BLUFFS, NE-IA 3 $385,000 $128,333 $5,601 3.71%
CHAMBERSBURG-WAYNESBORO, PA 2 $370,000 $185,000 $5,871 3.19%
JACKSONVILLE, NC 2 $360,000 $180,000 $8,477 4.06%
HAMMOND, LA 2 $350,000 $175,000 $7,079 3.25%
GOLDSBORO, NC 2 $320,000 $160,000 $6,822 4.00%
FAIRBANKS, AK 1 $315,000 $315,000 $5,294 3.63%
PEORIA, IL 2 $310,000 $155,000 $4,109 4.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 2 $300,000 $150,000 $5,000 3.25%
GRANTS PASS, OR 1 $285,000 $285,000 $5,928 3.88%
BURLINGTON-SOUTH BURLINGTON, VT 1 $275,000 $275,000 $3,509 2.63%
ANNISTON-OXFORD, AL 2 $270,000 $135,000 $5,396 3.63%
SUMTER, SC 2 $270,000 $135,000 $4,843 4.81%
WILLIAMSPORT, PA 2 $250,000 $125,000 $4,184 2.88%
FARGO, ND-MN 1 $245,000 $245,000 $4,200 3.13%
LA CROSSE-ONALASKA, WI-MN 1 $235,000 $235,000 $5,459 3.63%
BLOOMINGTON, IL 1 $235,000 $235,000 $2,119 2.99%
PITTSFIELD, MA 1 $225,000 $225,000 $705 2.99%
EL CENTRO, CA 1 $225,000 $225,000 $4,296 3.63%
WAUSAU-WESTON, WI 2 $210,000 $105,000 $6,064 4.88%
ERIE, PA 2 $200,000 $100,000 $6,939 3.75%
JOPLIN, MO 1 $185,000 $185,000 $4,433 3.50%
STATE COLLEGE, PA 1 $175,000 $175,000 $5,630 3.13%
BILLINGS, MT 1 $175,000 $175,000 $3,240 2.75%
BAY CITY, MI 1 $165,000 $165,000 $3,781 3.00%
HATTIESBURG, MS 2 $160,000 $80,000 $1,764 3.94%
DULUTH, MN-WI 1 $155,000 $155,000 $7,513 3.50%
CUMBERLAND, MD-WV 2 $140,000 $70,000 $4,579 3.38%
SIOUX CITY, IA-NE-SD 1 $135,000 $135,000 $7,136 4.13%
GADSDEN, AL 1 $125,000 $125,000 $4,549 3.75%
ST. JOSEPH, MO-KS 1 $115,000 $115,000 $5,417 4.63%
KALAMAZOO-PORTAGE, MI 1 $115,000 $115,000 $6,122 2.75%
ALBANY, GA 1 $105,000 $105,000 $4,315 4.75%
LEBANON, PA 1 $105,000 $105,000 $2,643 2.25%
LINCOLN, NE 1 $95,000 $95,000 $3,142 3.88%
DECATUR, AL 1 $95,000 $95,000 $4,338 2.50%
COLUMBIA, MO 1 $85,000 $85,000 $4,691 4.13%
MORRISTOWN, TN 1 $65,000 $65,000 $3,513 4.00%
MUSKEGON, MI 1 $45,000 $45,000 $3,417 4.50%

Primary Residential Mortgage 's top markets include Baltimore, Phoenix, Denver, Seattle, and Urban Honolulu among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 20,441 $5,539,935,000 $271,021
2.5-3% 16,178 $4,650,450,000 $287,455
<2.5% 4,462 $642,100,000 $143,904
4-5% 3,295 $686,655,000 $208,393
5-6% 672 $75,850,000 $112,872
7-8% 71 $1,155,000 $16,268
6-7% 18 $4,740,000 $263,333

During 2020, Primary Residential Mortgage 's average interest rate was 3.21%, while their most frequently originated rate bucket was 3-4%, with 20,441 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 22,562 $6,384,650,000 $282,982 $6,405 3.23%
$100k-200k 11,812 $1,857,720,000 $157,274 $4,847 3.35%
$400k-600k 5,487 $2,574,275,000 $469,159 $7,076 3.14%
$100,000 or less 4,465 $162,025,000 $36,288 $3,788 2.13%
$600k-1MM 737 $524,275,000 $711,364 $8,871 3.22%
$1MM+ 74 $97,940,000 $1,323,514 $16,716 3.25%

2020 saw Primary Residential Mortgage place emphasis on $200k-400k loans with 22,562 originations, totaling $6,384,650,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 12,172 $2,465,570,000 $202,561 $6,133 3.10%
$100k-150k 8,902 $2,761,390,000 $310,199 $6,145 3.18%
$75k-100k 8,338 $2,141,010,000 $256,777 $6,332 3.12%
$50k or less 7,114 $1,018,030,000 $143,102 $5,319 3.17%
$150k-250k 5,064 $1,911,790,000 $377,526 $6,043 3.18%
$250k+ 1,699 $759,855,000 $447,237 $6,381 3.20%

Primary Residential Mortgage lent most frequently to those with incomes in the $50k-75k range, with 12,172 originations. The second most popular income band? $100k-150k, with 8,902 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 8,340 $2,217,500,000 $265,887 $5,027 3.11%
30-36% 7,711 $2,010,635,000 $260,749 $5,577 3.16%
<20% 4,122 $1,130,680,000 $274,304 $4,907 3.06%
50-60% 2,936 $667,110,000 $227,217 $9,726 3.21%
44% 2,100 $528,220,000 $251,533 $6,399 3.17%
43% 1,859 $462,575,000 $248,830 $6,177 3.15%
42% 1,854 $482,720,000 $260,367 $6,388 3.14%
40% 1,767 $441,605,000 $249,918 $6,105 3.19%
41% 1,752 $445,600,000 $254,338 $6,099 3.15%
39% 1,659 $410,245,000 $247,285 $5,877 3.16%
38% 1,626 $409,450,000 $251,814 $6,003 3.18%
37% 1,520 $393,310,000 $258,757 $5,956 3.19%
49% 1,513 $378,705,000 $250,301 $6,861 3.14%
36% 1,479 $383,665,000 $259,408 $5,825 3.15%
45% 1,322 $333,200,000 $252,042 $6,551 3.17%
48% 1,198 $298,680,000 $249,316 $6,881 3.15%
47% 1,172 $296,180,000 $252,713 $6,954 3.13%
46% 1,149 $290,475,000 $252,807 $6,857 3.14%
>60% 53 $20,275,000 $382,547 $8,989 3.49%

Primary Residential Mortgage lent most frequently to those with DTI ratios of 20-30%, with 8,340 originations. The next most common DTI ratio? 30-36%, with 7,711 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 35,123 $8,966,395,000 $255,286 $5,879 3.15%
Not provided 3,805 $986,165,000 $259,176 $5,992 3.10%
Black 3,674 $846,860,000 $230,501 $7,461 3.22%
Asian 1,707 $579,365,000 $339,405 $5,793 3.04%
American Indian 415 $91,755,000 $221,096 $5,948 3.07%
Native Hawaiian 109 $38,965,000 $357,477 $6,662 3.14%
Asian Indian 85 $29,925,000 $352,059 $5,775 3.03%
Other Asian 64 $16,540,000 $258,438 $5,985 3.12%
Filipino 38 $10,090,000 $265,526 $6,697 3.22%
Chinese 21 $6,895,000 $328,333 $4,211 2.91%
Vietnamese 24 $6,640,000 $276,667 $4,863 3.04%
Other Pacific Islander 21 $4,945,000 $235,476 $6,311 3.40%
Japanese 14 $4,810,000 $343,571 $4,596 3.05%
15 $4,135,000 $275,667 $6,102 3.26%
Korean 12 $3,780,000 $315,000 $4,373 3.28%
Guamanian 5 $1,825,000 $365,000 $7,674 2.95%
Samoan 3 $1,115,000 $371,667 $8,137 3.13%
Native Hawiian 2 $680,000 $340,000 $8,413 3.00%

Approval Rates

Total approvals of all applications
93.67%

Primary Residential Mortgage has an average approval rate.

Pick Rate

Approvals leading to origination
70.40%

Primary Residential Mortgage has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 45,137 $11,600,885,000 $257,015

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 425 $62,375,000 $146,765
Single Family (1-4 Units):Site-Built 44,712 $11,538,510,000 $258,063

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,083 $228,035,000 $210,559 $4,055 2.94%
40-60% 4,372 $1,182,420,000 $270,453 $4,341 2.99%
60-80% 12,532 $3,661,970,000 $292,210 $5,009 3.20%
80-100% 23,586 $6,253,830,000 $265,150 $6,782 3.37%
Over 100% 719 $235,975,000 $328,199 $11,606 3.25%
Under 20% 2,845 $38,655,000 $13,587 $4,568 1.28%