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, California, Key West, and Rockingham among others. We have data for 9 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 a below 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% | 11/22/24 |
| 15 Year Cash-out Refi | 8.50% | 11/22/24 |
| 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
142Origination Dollar Volume (All Markets)
$8,700,000Top 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) | 112 | $6,770,000 | $60,446 | $0 | 6.59% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 20 | $1,450,000 | $72,500 | $0 | 6.03% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 5.50% |
| Key West, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.50% |
| Outside of Metro Areas | 2 | $60,000 | $30,000 | $0 | 5.50% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.50% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 4.75% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 75 | $4,745,000 | $63,267 | n/a | 5.79% |
| Conventional | 67 | $3,955,000 | $59,030 | $0 | 7.22% |
For 2019, Prince George's Community's most frequently originated type of loan was HELOC, with 75 originations. Their 2nd most popular type was Conventional, with 67 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 64 | $3,550,000 | $55,469 | $0 | 5.99% |
| Other | 47 | $2,585,000 | $55,000 | $0 | 6.98% |
| Refi | 31 | $2,565,000 | $82,742 | $0 | 6.65% |
For 2019, Prince George's Community's most frequently cited loan purpose was Home Improvement, with 64 originations. The 2nd most popular reason was Other, with 47 originations.
Loan Duration/Length
For 2019, Prince George's Community's most frequently cited loan duration was Other, with 81 originations. The 2nd most popular length was 15 Year, with 37 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 67 | $3,955,000 | $59,030 |
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 67 originations.
Interest Rates
During 2019, Prince George's Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 36 originations.
Loan Sizing
2019 saw Prince George's Community place emphasis on $100,000 or less loans with 126 originations, totaling $6,570,000 in origination value.
Applicant Income
Prince George's Community lent most frequently to those with incomes in the $100k-150k range, with 48 originations. The second most popular income band? $150k-250k, with 29 originations.
Applicant Debt to Income Ratio
Prince George's Community lent most frequently to those with DTI ratios of 20-30%, with 30 originations. The next most common DTI ratio? 42%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.07%
Prince George's Community has an average approval rate.
Pick Rate
Approvals leading to origination85.92%
Prince George's Community has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 142 | $8,700,000 | $61,268 |