Private Mortgage Advisors Rates, Fees & Info

DOVER, DE

LEI: 5493005LX4EJUYP1G119

Tax ID: 20-0013136

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Private Mortgage Advisors is a smaller mortgage company specializing in Home Purchase and Refi 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, Santa Rosa, Sacramento, and Santa Cruz among others. We have data for 16 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    253

    Origination Dollar Volume (All Markets)

    $160,305,000

    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
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 168 $110,530,000 $657,917 $6,269 4.28%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 36 $27,060,000 $751,667 $7,617 4.04%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 12 $5,890,000 $490,833 $8,519 4.24%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 10 $4,060,000 $406,000 $5,073 3.97%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 4 $2,390,000 $597,500 $5,049 4.03%
    NAPA, CA (FHA|USDA|VA) 3 $1,955,000 $651,667 $5,638 4.67%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,925,000 $641,667 $5,951 4.13%
    VALLEJO, CA (FHA|USDA|VA) 4 $1,760,000 $440,000 $8,747 4.44%
    SALINAS, CA (FHA|USDA|VA) 2 $1,200,000 $600,000 $12,601 3.88%
    FRESNO, CA (FHA|USDA|VA) 2 $850,000 $425,000 $3,192 4.63%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $700,000 $350,000 $5,284 3.93%
    STOCKTON, CA (FHA|USDA|VA) 2 $560,000 $280,000 $5,093 4.31%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $535,000 $535,000 $0 3.75%
    Outside of Metro Areas 2 $470,000 $235,000 $7,768 3.94%
    MADERA, CA (FHA|USDA|VA) 1 $215,000 $215,000 $3,565 3.99%
    MODESTO, CA (FHA|USDA|VA) 1 $205,000 $205,000 $3,706 4.88%
    Private Mortgage Advisors's top markets include San Francisco, San Jose, Santa Rosa, Sacramento, and Santa Cruz among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

    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.

    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 318
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 368
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 546
    EXCITE Credit Union
    Similarity Rank: 817
    CommonWealth Central Credit Union
    Similarity Rank: 840
    Ukrainian Federal Credit Union
    Similarity Rank: 864
    SACRAMENTO Credit Union
    Similarity Rank: 1020
    Schools Financial Credit Union
    Similarity Rank: 1020
    BANK OF SAN FRANCISCO
    Similarity Rank: 1228
    SANTA CLARA COUNTY
    Similarity Rank: 1275

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 238 $151,330,000 $635,840 $5,978 4.23%
    FHA 11 $5,985,000 $544,091 $16,312 4.31%
    VA 4 $2,990,000 $747,500 $10,634 3.88%

    For 2019, Private Mortgage Advisors's most frequently originated type of loan was Conventional, with 238 originations. Their 2nd most popular type was FHA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 133 $89,955,000 $676,353 $8,320 4.31%
    Refi 84 $50,120,000 $596,667 $4,358 4.06%
    Cash Out Refi 36 $20,230,000 $561,944 $5,109 4.30%

    For 2019, Private Mortgage Advisors's most frequently cited loan purpose was Home Purchase, with 133 originations. The 2nd most popular reason was Refi, with 84 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 239 $154,905,000 $648,138 $6,673 4.26%
    15 Year 10 $4,110,000 $411,000 $3,904 3.54%
    10 Year 2 $500,000 $250,000 $3,441 3.63%
    20 Year 1 $415,000 $415,000 $3,537 4.75%
    Other 1 $375,000 $375,000 $3,367 3.99%

    For 2019, Private Mortgage Advisors's most frequently cited loan duration was 30 Year, with 239 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 160 $102,300,000 $639,375
    $5k+ 34 $23,830,000 $700,882
    $2k-3k 18 $9,500,000 $527,778
    $4k-5k 13 $9,285,000 $714,231
    $3k-4k 10 $7,170,000 $717,000
    $<1k 1 $675,000 $675,000

    Private Mortgage Advisors's average total fees were $6,673, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 160 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 122 $78,130,000 $640,410
    4-5% 116 $72,860,000 $628,103
    5-6% 15 $9,315,000 $621,000

    During 2019, Private Mortgage Advisors's average interest rate for loans was 4.26%, while their most frequently originated rate bucket for loans was 3-4%, with 122 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 107 $78,105,000 $729,953 $6,839 4.27%
    $400k-600k 74 $36,880,000 $498,378 $6,316 4.29%
    $200k-400k 46 $14,930,000 $324,565 $5,004 4.12%
    $1MM+ 23 $29,905,000 $1,300,217 $8,609 4.07%
    $100k-200k 3 $485,000 $161,667 $3,392 3.92%

    2019 saw Private Mortgage Advisors place emphasis on $600k-1MM loans with 107 originations, totaling $78,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 105 $67,375,000 $641,667 $6,663 4.22%
    $250k+ 60 $54,120,000 $902,000 $7,864 4.24%
    $100k-150k 50 $24,900,000 $498,000 $5,344 4.20%
    $75k-100k 26 $10,030,000 $385,769 $5,549 4.34%
    $50k-75k 10 $3,360,000 $336,000 $7,054 4.02%
    $50k or less 2 $520,000 $260,000 $4,064 4.43%

    Private Mortgage Advisors lent most frequently to those with incomes in the $150k-250k range, with 105 originations. The second most popular income band? $250k+, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 40 $26,870,000 $671,750 $5,557 4.09%
    30-36% 37 $22,535,000 $609,054 $5,849 4.03%
    42% 24 $18,430,000 $767,917 $6,770 4.21%
    39% 21 $16,895,000 $804,524 $8,573 4.26%
    36% 15 $9,105,000 $607,000 $6,839 4.19%
    38% 12 $7,590,000 $632,500 $5,033 4.32%
    44% 12 $6,760,000 $563,333 $6,393 4.53%
    <20% 11 $5,905,000 $536,818 $7,707 4.45%
    40% 11 $6,705,000 $609,545 $4,789 4.15%
    46% 11 $7,135,000 $648,636 $6,654 4.44%
    41% 10 $5,840,000 $584,000 $6,267 4.04%
    47% 10 $5,150,000 $515,000 $6,057 4.40%
    48% 9 $6,355,000 $706,111 $7,646 4.12%
    43% 8 $3,820,000 $477,500 $5,017 4.39%
    49% 7 $3,335,000 $476,429 $8,269 4.25%
    50-60% 6 $3,380,000 $563,333 $14,375 4.46%
    45% 4 $1,830,000 $457,500 $5,563 4.09%
    37% 4 $2,300,000 $575,000 $4,133 4.47%

    Private Mortgage Advisors lent most frequently to those with DTI ratios of 20-30%, with 40 originations. The next most common DTI ratio? 30-36%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 162 $97,370,000 $601,049 $6,106 4.19%
    Not provided 43 $30,885,000 $718,256 $7,894 4.26%
    Asian 41 $27,865,000 $679,634 $6,175 4.27%
    Black 6 $3,560,000 $593,333 $9,694 4.50%
    Asian Indian 1 $625,000 $625,000 $14,045 4.25%

    Approval Rates

    Total approvals of all applications
    85.88%

    Private Mortgage Advisors has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.58%

    Private Mortgage Advisors has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 253 $160,305,000 $633,617

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 253 $160,305,000 $633,617

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $13,285,000 $531,400 $4,835 4.21%
    40-60% 48 $26,530,000 $552,708 $5,181 4.06%
    60-80% 106 $70,580,000 $665,849 $6,064 4.27%
    80-100% 69 $48,115,000 $697,319 $8,716 4.32%
    Under 20% 5 $1,795,000 $359,000 $4,340 3.63%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 6 20.0%
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Closing on a mortgage 2 6.7%
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Incorrect information on your report 1 3.3%
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Struggling to pay mortgage 5 16.7%
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Trouble during payment process 12 40.0%
    PROVIDENT FUNDING ASSOCIATES FHA mortgage Trouble during payment process 1 3.3%
    PROVIDENT FUNDING ASSOCIATES Other type of mortgage Closing on a mortgage 1 3.3%
    PROVIDENT FUNDING ASSOCIATES Other type of mortgage Trouble during payment process 2 6.7%