Prince George's Community Mortgage Rates, Fees & Info
Bowie, MDLEI: 5493006R3KP9HJOA7613
Tax ID: 52-6083018
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Mortgage Data
Review & Overview
Prince George's Community is a smaller mortgage company specializing in Home Improvement, Other, and Refi loans. Prince George's Community has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Salisbury, California, and Myrtle Beach among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Prince George's Community has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Refi | 8.50% | 11/17/24 |
| 15 Year Cash-out Refi | 8.50% | 11/17/24 |
| 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. | ||
Prince George's Community Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
168Origination Dollar Volume (All Markets)
$13,700,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 134 | $11,080,000 | $82,687 | $0 | 8.36% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 19 | $1,595,000 | $83,947 | $0 | 8.63% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.50% |
| Outside of Metro Areas | 3 | $205,000 | $68,333 | $0 | 10.42% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 9.33% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.25% |
| Key West, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.50% |
| OCALA, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.50% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.25% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 12.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 103 | $8,965,000 | $87,039 | n/a | 8.18% |
| Conventional | 65 | $4,735,000 | $72,846 | $0 | 8.88% |
For 2023, Prince George's Community's most frequently originated type of loan was HELOC, with 103 originations. Their 2nd most popular type was Conventional, with 65 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 69 | $5,605,000 | $81,232 | $0 | 8.09% |
| Other | 64 | $4,650,000 | $72,656 | $0 | 8.54% |
| Refi | 35 | $3,445,000 | $98,429 | $0 | 8.98% |
For 2023, Prince George's Community's most frequently cited loan purpose was Home Improvement, with 69 originations. The 2nd most popular reason was Other, with 64 originations.
Loan Duration/Length
For 2023, Prince George's Community's most frequently cited loan duration was Other, with 105 originations. The 2nd most popular length was 15 Year, with 28 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 65 | $4,735,000 | $72,846 |
Prince George's Community's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 65 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 77 | $5,465,000 | $70,974 |
| 7-8% | 48 | $4,180,000 | $87,083 |
| 6-7% | 37 | $3,565,000 | $96,351 |
| 5-6% | 5 | $435,000 | $87,000 |
| 4-5% | 1 | $55,000 | $55,000 |
During 2023, Prince George's Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 77 originations.
Loan Sizing
2023 saw Prince George's Community place emphasis on $100,000 or less loans with 127 originations, totaling $7,465,000 in origination value.
Applicant Income
Prince George's Community lent most frequently to those with incomes in the $100k-150k range, with 56 originations. The second most popular income band? $150k-250k, with 45 originations.
Applicant Debt to Income Ratio
Prince George's Community lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? 30-36%, with 29 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.19%
Prince George's Community has a below average approval rate.
Pick Rate
Approvals leading to origination92.86%
Prince George's Community has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 168 | $13,700,000 | $81,548 |