Private Mortgage Advisors Rates, Fees & Info
DOVER, DELEI: 5493005LX4EJUYP1G119
Tax ID: 20-0013136
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Mortgage Data
Review & Overview
Private Mortgage Advisors is a smaller mortgage company specializing in Home Purchase loans. Private Mortgage Advisors 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: San Francisco, San Jose, Vallejo, Sacramento, and Napa among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Private Mortgage Advisors has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Private Mortgage Advisors is typically an average 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.
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Originations
232Origination Dollar Volume (All Markets)
$128,530,000Top 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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 159 | $89,215,000 | $561,101 | $6,759 | 4.77% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 30 | $19,860,000 | $662,000 | $4,305 | 4.78% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $3,665,000 | $733,000 | $7,460 | 4.70% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 9 | $3,565,000 | $396,111 | $5,804 | 4.90% |
| NAPA, CA (FHA|USDA|VA) | 4 | $2,380,000 | $595,000 | $5,024 | 5.16% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,795,000 | $598,333 | $13,529 | 4.58% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,645,000 | $548,333 | $8,700 | 4.79% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $5,674 | 5.25% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $5,172 | 4.92% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $7,789 | 5.00% |
| MERCED, CA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $5,610 | 4.87% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,730 | 4.88% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,285 | 5.00% |
| Sonora, CA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,758 | 5.19% |
| CHICO, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,168 | 4.99% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,556 | 4.88% |
| Outside of Metro Areas | 1 | $285,000 | $285,000 | $3,601 | 4.75% |
| MADERA, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,631 | 5.13% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.25% |
Their top states include:
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We use machine learning to identify the top lenders compared against PRIVATE MORTGAGE ADVISORS 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 220 | $122,070,000 | $554,864 | $5,965 | 4.81% |
| FHA | 9 | $4,845,000 | $538,333 | $15,038 | 4.60% |
| VA | 3 | $1,615,000 | $538,333 | $0 | 4.67% |
For 2018, Private Mortgage Advisors's most frequently originated type of loan was Conventional, with 220 originations. Their 2nd most popular type was FHA, with 9 originations.
Loan Reason
For 2018, Private Mortgage Advisors's most frequently cited loan purpose was Home Purchase, with 181 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.
Loan Duration/Length
For 2018, Private Mortgage Advisors's most frequently cited loan duration was 30 Year, with 226 originations. The 2nd most popular length was 15 Year, with 4 originations.
Origination Fees/Closing Costs
Private Mortgage Advisors's average total fees were $6,567, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 132 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 163 | $93,105,000 | $571,196 |
| 5-6% | 57 | $28,035,000 | $491,842 |
| 3-4% | 11 | $6,885,000 | $625,909 |
| 6-7% | 1 | $505,000 | $505,000 |
During 2018, Private Mortgage Advisors's average interest rate for loans was 4.82%, while their most frequently originated rate bucket for loans was 4-5%, with 163 originations.
Loan Sizing
2018 saw Private Mortgage Advisors place emphasis on $400k-600k loans with 81 originations, totaling $38,905,000 in origination value.
Applicant Income
Private Mortgage Advisors lent most frequently to those with incomes in the $100k-150k range, with 75 originations. The second most popular income band? $150k-250k, with 70 originations.
Applicant Debt to Income Ratio
Private Mortgage Advisors lent most frequently to those with DTI ratios of 30-36%, with 40 originations. The next most common DTI ratio? 20-30%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.93%
Private Mortgage Advisors has an average approval rate.
Pick Rate
Approvals leading to origination78.88%
Private Mortgage Advisors has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 232 | $128,530,000 | $554,009 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 232 | $128,530,000 | $554,009 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PROVIDENT FUNDING ASSOCIATES | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 12.0% |
| PROVIDENT FUNDING ASSOCIATES | Conventional home mortgage | Closing on a mortgage | 2 | 8.0% |
| PROVIDENT FUNDING ASSOCIATES | Conventional home mortgage | Struggling to pay mortgage | 2 | 8.0% |
| PROVIDENT FUNDING ASSOCIATES | Conventional home mortgage | Trouble during payment process | 15 | 60.0% |
| PROVIDENT FUNDING ASSOCIATES | FHA mortgage | Trouble during payment process | 1 | 4.0% |
| PROVIDENT FUNDING ASSOCIATES | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 4.0% |
| PROVIDENT FUNDING ASSOCIATES | Other type of mortgage | Trouble during payment process | 1 | 4.0% |