Private Mortgage Advisors Rates, Fees & Info

DOVER, DE

LEI: 5493005LX4EJUYP1G119

Tax ID: 20-0013136

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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 Refi and Home Purchase loans. Private Mortgage Advisors has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, San Jose, Santa Rosa, Truckee, and Los Angeles among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Private Mortgage Advisors 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. 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    110

    Origination Dollar Volume (All Markets)

    $75,260,000

    Awards

    PRIVATE MORTGAGE ADVISORS 30 Year Conventional Loans bronze
    Show all (1) awards

    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) 69 $52,155,000 $755,870 $5,464 2.94%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 22 $13,880,000 $630,909 $4,441 3.07%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 4 $1,820,000 $455,000 $4,583 2.94%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $1,785,000 $595,000 $4,654 3.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,250,000 $625,000 $4,994 3.13%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,175,000 $391,667 $3,525 2.91%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $1,165,000 $388,333 $3,803 2.83%
    NAPA, CA (FHA|USDA|VA) 2 $1,150,000 $575,000 $3,416 3.06%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $555,000 $555,000 $7,768 2.63%
    VALLEJO, CA (FHA|USDA|VA) 1 $325,000 $325,000 $3,010 3.63%
    Private Mortgage Advisors's top markets include San Francisco, San Jose, Santa Rosa, Truckee, and Los Angeles 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.

    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 1134
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1164
    CommonWealth Central Credit Union
    Similarity Rank: 1428
    SAN FRANCISCO FEDERAL CREDIT UNION
    Similarity Rank: 2191
    Sierra Central Credit Union
    Similarity Rank: 2628
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 2715
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 2895
    S&S Financial
    Similarity Rank: 3196
    Provident Savings Bank, F.S.B.
    Similarity Rank: 3216

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 110 $75,260,000 $684,182 $5,092 2.97%

    For 2021, Private Mortgage Advisors's most frequently originated type of loan was Conventional, with 110 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 63 $44,135,000 $700,556 $4,756 2.94%
    Home Purchase 28 $21,170,000 $756,071 $6,482 2.98%
    Cash Out Refi 19 $9,955,000 $523,947 $4,140 3.07%

    For 2021, Private Mortgage Advisors's most frequently cited loan purpose was Refi, with 63 originations. The 2nd most popular reason was Home Purchase, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 98 $71,150,000 $726,020 $5,217 3.01%
    15 Year 9 $3,045,000 $338,333 $3,485 2.63%
    Other 2 $840,000 $420,000 $5,401 2.75%
    10 Year 1 $225,000 $225,000 $3,968 2.50%

    For 2021, Private Mortgage Advisors's most frequently cited loan duration was 30 Year, with 98 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 75 $50,425,000 $672,333
    $2k-3k 11 $5,805,000 $527,727
    $3k-4k 8 $6,700,000 $837,500
    $5k+ 8 $8,450,000 $1,056,250
    $4k-5k 2 $2,090,000 $1,045,000

    Private Mortgage Advisors's average total fees were $5,217, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 75 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 71 $52,795,000 $743,592
    3-4% 31 $19,025,000 $613,710
    <2.5% 8 $3,440,000 $430,000

    During 2021, Private Mortgage Advisors's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 2.5-3%, with 71 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 46 $33,650,000 $731,522 $4,652 3.01%
    $400k-600k 26 $13,640,000 $524,615 $4,595 3.00%
    $1MM+ 19 $22,825,000 $1,201,316 $8,095 2.82%
    $200k-400k 15 $4,525,000 $301,667 $3,442 3.04%
    $100k-200k 4 $620,000 $155,000 $2,818 2.91%

    2021 saw Private Mortgage Advisors place emphasis on $600k-1MM loans with 46 originations, totaling $33,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 49 $33,445,000 $682,551 $5,096 2.94%
    $250k+ 34 $29,420,000 $865,294 $5,781 2.98%
    $100k-150k 15 $7,975,000 $531,667 $4,099 2.93%
    $75k-100k 8 $3,420,000 $427,500 $4,342 3.12%
    $50k-75k 3 $825,000 $275,000 $4,780 3.04%
    $50k or less 1 $175,000 $175,000 $2,823 3.50%

    Private Mortgage Advisors lent most frequently to those with incomes in the $150k-250k range, with 49 originations. The second most popular income band? $250k+, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 28 $18,170,000 $648,929 $5,099 3.10%
    30-36% 28 $20,040,000 $715,714 $4,895 2.94%
    39% 9 $7,715,000 $857,222 $5,080 2.92%
    <20% 7 $3,855,000 $550,714 $4,304 2.78%
    44% 5 $2,235,000 $447,000 $4,309 3.20%
    49% 4 $2,190,000 $547,500 $4,175 2.78%
    40% 4 $2,740,000 $685,000 $6,380 2.94%
    41% 4 $3,140,000 $785,000 $4,900 2.94%
    42% 4 $2,780,000 $695,000 $5,817 2.91%
    46% 4 $2,120,000 $530,000 $5,725 2.78%
    43% 3 $1,655,000 $551,667 $4,205 3.21%
    37% 3 $1,985,000 $661,667 $4,175 3.04%
    36% 3 $2,175,000 $725,000 $6,377 2.96%
    38% 2 $2,870,000 $1,435,000 $7,612 2.88%
    45% 2 $1,590,000 $795,000 $6,558 2.81%

    Private Mortgage Advisors lent most frequently to those with DTI ratios of 20-30%, with 28 originations. The next most common DTI ratio? 30-36%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 68 $48,260,000 $709,706 $5,278 2.99%
    Asian 24 $16,920,000 $705,000 $4,927 2.93%
    Not provided 13 $7,655,000 $588,846 $4,610 2.92%
    Black 2 $890,000 $445,000 $2,981 3.50%
    Asian Indian 1 $735,000 $735,000 $8,413 3.38%
    Chinese 1 $405,000 $405,000 $5,677 2.63%
    Filipino 1 $395,000 $395,000 $2,985 2.38%

    Approval Rates

    Total approvals of all applications
    90.58%

    Private Mortgage Advisors has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.36%

    Private Mortgage Advisors has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 110 $75,260,000 $684,182

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    110 $75,260,000 $684,182

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $12,930,000 $497,308 $4,389 2.87%
    40-60% 26 $18,050,000 $694,231 $5,299 2.99%
    60-80% 43 $33,865,000 $787,558 $5,267 3.00%
    80-100% 13 $10,125,000 $778,846 $5,547 3.01%
    Under 20% 2 $290,000 $145,000 $2,823 3.25%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 6 46.2%
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Closing on a mortgage 1 7.7%
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Trouble during payment process 6 46.2%