Prince George's Community Mortgage Rates, Fees & Info

Bowie, MD

LEI: 5493006R3KP9HJOA7613

Tax ID: 52-6083018

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    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, Hagerstown, Salisbury, and North Port among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Prince George's Community 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.

    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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    15 Year Conventional Refi 8.50% 11/21/24
    15 Year Cash-out Refi 8.50% 11/21/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Prince George's Community. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    128

    Origination Dollar Volume (All Markets)

    $9,180,000

    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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 106 $7,660,000 $72,264 $0 5.11%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 13 $1,115,000 $85,769 $0 4.56%
    Outside of Metro Areas 2 $130,000 $65,000 $0 4.63%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $100,000 $50,000 $0 7.88%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.00%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $30,000 $15,000 $0 7.75%
    Prince George's Community's top markets include Washington, Baltimore, Hagerstown, Salisbury, and North Port among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 80 $5,550,000 $69,375 n/a 4.19%
    Conventional 48 $3,630,000 $75,625 $0 6.62%

    For 2021, Prince George's Community's most frequently originated type of loan was HELOC, with 80 originations. Their 2nd most popular type was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 71 $5,035,000 $70,915 $0 4.77%
    Other 30 $1,920,000 $64,000 $0 5.94%
    Refi 27 $2,225,000 $82,407 $0 5.05%

    For 2021, Prince George's Community's most frequently cited loan purpose was Home Improvement, with 71 originations. The 2nd most popular reason was Other, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 83 $5,815,000 $70,060 $0 4.30%
    15 Year 28 $1,560,000 $55,714 $0 6.77%
    20 Year 11 $1,545,000 $140,455 $0 5.86%
    10 Year 6 $260,000 $43,333 $0 7.08%

    For 2021, Prince George's Community's most frequently cited loan duration was Other, with 83 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 48 $3,630,000 $75,625

    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 48 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 59 $4,225,000 $71,610
    5-6% 26 $1,810,000 $69,615
    4-5% 16 $1,190,000 $74,375
    6-7% 15 $1,435,000 $95,667
    Over 8% 7 $265,000 $37,857
    7-8% 5 $255,000 $51,000

    During 2021, Prince George's Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 106 $6,020,000 $56,792 $0 5.12%
    $100k-200k 18 $2,270,000 $126,111 $0 5.10%
    $200k-400k 4 $890,000 $222,500 $0 4.75%

    2021 saw Prince George's Community place emphasis on $100,000 or less loans with 106 originations, totaling $6,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 44 $3,050,000 $69,318 $0 5.06%
    $150k-250k 27 $2,275,000 $84,259 $0 4.59%
    $50k-75k 19 $935,000 $49,211 $0 5.13%
    $75k-100k 17 $885,000 $52,059 $0 6.03%
    $250k+ 16 $1,630,000 $101,875 $0 4.78%
    $50k or less 5 $405,000 $81,000 $0 6.00%

    Prince George's Community lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $150k-250k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 30 $2,340,000 $78,000 $0 4.82%
    30-36% 25 $1,595,000 $63,800 $0 5.61%
    43% 9 $615,000 $68,333 $0 5.53%
    40% 7 $505,000 $72,143 $0 6.07%
    41% 6 $370,000 $61,667 $0 5.54%
    <20% 6 $600,000 $100,000 $0 4.46%
    39% 5 $245,000 $49,000 $0 4.40%
    50-60% 5 $345,000 $69,000 $0 4.05%
    37% 5 $285,000 $57,000 $0 5.75%
    46% 5 $365,000 $73,000 $0 4.65%
    44% 5 $405,000 $81,000 $0 4.25%
    36% 4 $260,000 $65,000 $0 6.19%
    38% 4 $360,000 $90,000 $0 6.00%
    42% 3 $295,000 $98,333 $0 4.67%
    45% 3 $165,000 $55,000 $0 4.08%
    49% 2 $140,000 $70,000 $0 4.13%
    48% 2 $120,000 $60,000 $0 4.63%
    >60% 2 $170,000 $85,000 $0 4.00%

    Prince George's Community lent most frequently to those with DTI ratios of 20-30%, with 30 originations. The next most common DTI ratio? 30-36%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Black 78 $5,510,000 $70,641 $0 5.38%
    White 41 $2,815,000 $68,659 $0 4.70%
    Not provided 7 $725,000 $103,571 $0 4.61%
    American Indian 2 $130,000 $65,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    93.25%

    Prince George's Community has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.81%

    Prince George's Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 128 $9,180,000 $71,719

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    128 $9,180,000 $71,719

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $2,815,000 $112,600 $0 5.08%
    40-60% 3 $455,000 $151,667 $0 7.00%
    60-80% 1 $225,000 $225,000 $0 4.50%
    Under 20% 99 $5,685,000 $57,424 $0 5.06%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Prime Choice Funding Inc. Conventional home mortgage Closing on a mortgage 1 50.0%
    Prime Choice Funding Inc. VA mortgage Trouble during payment process 1 50.0%