Ps Funding Mortgage Rates, Fees & Info
DOVER, DELEI: 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 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,729Origination Dollar Volume (All Markets)
$644,315,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 1,649 | $570,915,000 | $346,219 | $0 | 8.34% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 80 | $73,400,000 | $917,500 | $0 | 8.77% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,729 | $644,315,000 | $372,652 | $0 | 8.36% |
For 2019, Ps Funding's most frequently originated type of loan was Conventional, with 1,729 originations.
Loan Reason
For 2019, Ps Funding's most frequently cited loan purpose was Home Purchase, with 770 originations. The 2nd most popular reason was Refi, with 535 originations.
Loan Duration/Length
For 2019, Ps Funding's most frequently cited loan duration was 30+ year, with 792 originations. The 2nd most popular length was Other, with 733 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 819 | $444,085,000 | $542,228 |
| 7-8% | 610 | $141,670,000 | $232,246 |
| 6-7% | 282 | $51,390,000 | $182,234 |
| 5-6% | 18 | $7,170,000 | $398,333 |
During 2019, Ps Funding's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 819 originations.
Loan Sizing
2019 saw Ps Funding place emphasis on $100k-200k loans with 669 originations, totaling $94,755,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.93%
Ps Funding has a below average approval rate.
Pick Rate
Approvals leading to origination26.26%
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 | 1,729 | $644,315,000 | $372,652 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 105 | $132,035,000 | $1,257,476 |
| Single Family (1-4 Units):Site-Built | 1,624 | $512,280,000 | $315,443 |