Ps Funding Mortgage Rates, Fees & Info

DOVER, DE

LEI: 5493008KVNSBXMICV874

Tax ID: 47-3963268

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Mortgage Data

Review & Overview

Ps Funding is a smaller mortgage company specializing in Home Purchase and Refi loans. Ps Funding has a high proportion of conventional loans. Their top (well, only) market is Los Angeles.

Ps Funding 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
30 Year Conventional Purchase 6.27% 3/24/24
30 Year Conventional Refi 6.27% 3/24/24
30 Year Cash-out Refi 6.27% 3/24/24
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.

Ps Funding Mortgage Calculator






Your Estimates

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

This is not an official calculator from Ps Funding. 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

399

Origination Dollar Volume (All Markets)

$223,695,000

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
Outside of Metro Areas 357 $173,865,000 $487,017 $0 8.94%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 42 $49,830,000 $1,186,429 $0 9.06%
Ps Funding's top markets include and Los Angeles among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 399 $223,695,000 $560,639 $0 8.96%

    For 2018, Ps Funding's most frequently originated type of loan was Conventional, with 399 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 288 $122,910,000 $426,771 $0 8.80%
    Refi 85 $71,295,000 $838,765 $0 9.24%
    Cash Out Refi 26 $29,490,000 $1,134,231 $0 9.76%

    For 2018, Ps Funding's most frequently cited loan purpose was Home Purchase, with 288 originations. The 2nd most popular reason was Refi, with 85 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 321 $164,675,000 $513,006 $0 8.77%
    1 Year 78 $59,020,000 $756,667 $0 9.72%

    For 2018, Ps Funding's most frequently cited loan duration was Other, with 321 originations. The 2nd most popular length was 1 Year, with 78 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 239 $178,865,000 $748,389
    7-8% 160 $44,830,000 $280,188

    During 2018, Ps Funding's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 239 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 153 $43,595,000 $284,935 $0 8.41%
    $100k-200k 88 $13,820,000 $157,045 $0 9.03%
    $1MM+ 57 $109,115,000 $1,914,298 $0 9.46%
    $600k-1MM 45 $34,575,000 $768,333 $0 9.38%
    $400k-600k 44 $21,570,000 $490,227 $0 9.16%
    $100,000 or less 12 $1,020,000 $85,000 $0 10.63%

    2018 saw Ps Funding place emphasis on $200k-400k loans with 153 originations, totaling $43,595,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 347 $188,845,000 $544,222 $0 8.89%
    Not provided 26 $16,830,000 $647,308 $0 9.44%
    White 18 $14,100,000 $783,333 $0 9.16%
    Asian 5 $2,445,000 $489,000 $0 9.60%
    Black 3 $1,475,000 $491,667 $0 9.67%

    Approval Rates

    Total approvals of all applications
    95.00%

    Ps Funding has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    14.54%

    Ps Funding has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 399 $223,695,000 $560,639

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $26,425,000 $2,402,273
    Single Family (1-4 Units):Site-Built 388 $197,270,000 $508,428

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $9,220,000 $1,152,500 $0 9.01%
    40-60% 18 $15,080,000 $837,778 $0 9.66%
    60-80% 238 $128,680,000 $540,672 $0 8.67%
    80-100% 97 $49,265,000 $507,887 $0 8.79%
    Over 100% 36 $21,300,000 $591,667 $0 10.79%
    Under 20% 2 $150,000 $75,000 $0 11.00%