Ps Funding Mortgage Rates, Fees & Info

DOVER, DE

LEI: 5493008KVNSBXMICV874

Tax ID: 47-3963268

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

    Ps Funding is a smaller mortgage company specializing in Cash Out Refi, 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 a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have about average rates.

    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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    Originations

    745

    Origination Dollar Volume (All Markets)

    $206,505,000

    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 723 $190,345,000 $263,271 $0 7.24%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 22 $16,160,000 $734,545 $0 7.83%
    Ps Funding's top markets include and Los Angeles among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 745 $206,505,000 $277,188 $0 7.26%

    For 2020, Ps Funding's most frequently originated type of loan was Conventional, with 745 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 325 $62,095,000 $191,062 $0 6.80%
    Home Purchase 218 $88,630,000 $406,560 $0 8.32%
    Refi 202 $55,780,000 $276,139 $0 6.85%

    For 2020, Ps Funding's most frequently cited loan purpose was Cash Out Refi, with 325 originations. The 2nd most popular reason was Home Purchase, with 218 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 545 $98,215,000 $180,211 $0 6.43%
    Other 154 $78,670,000 $510,844 $0 9.48%
    1 Year 46 $29,620,000 $643,913 $0 9.58%

    For 2020, Ps Funding's most frequently cited loan duration was 30 Year, with 545 originations. The 2nd most popular length was Other, with 154 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 278 $53,020,000 $190,719
    Over 8% 184 $90,760,000 $493,261
    5-6% 175 $29,245,000 $167,114
    7-8% 108 $33,480,000 $310,000

    During 2020, Ps Funding's average interest rate for loans was 6.43%, while their most frequently originated rate bucket for loans was 6-7%, with 278 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 308 $42,450,000 $137,825 $0 6.90%
    $200k-400k 183 $52,425,000 $286,475 $0 7.45%
    $100,000 or less 149 $12,825,000 $86,074 $0 6.86%
    $600k-1MM 39 $29,835,000 $765,000 $0 8.60%
    $400k-600k 37 $17,785,000 $480,676 $0 8.41%
    $1MM+ 29 $51,185,000 $1,765,000 $0 8.49%

    2020 saw Ps Funding place emphasis on $100k-200k loans with 308 originations, totaling $42,450,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 667 $181,655,000 $272,346 $0 7.24%
    Not provided 52 $13,970,000 $268,654 $0 7.16%
    White 13 $6,405,000 $492,692 $0 7.74%
    Black 7 $2,415,000 $345,000 $0 7.55%
    Asian 6 $2,060,000 $343,333 $0 8.18%

    Approval Rates

    Total approvals of all applications
    58.20%

    Ps Funding has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    53.02%

    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 745 $206,505,000 $277,188

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 29 $36,585,000 $1,261,552
    Single Family (1-4 Units):Site-Built 716 $169,920,000 $237,318

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $635,000 $211,667 $0 7.33%
    40-60% 38 $9,360,000 $246,316 $0 6.65%
    60-80% 528 $136,510,000 $258,542 $0 6.92%
    80-100% 149 $49,655,000 $333,255 $0 8.11%
    Over 100% 27 $10,345,000 $383,148 $0 10.02%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    PACE Funding Group, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%