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 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 relatively high rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 2/22/25 |
| 30 Year Conventional Refi | 6.27% | 2/22/25 |
| 30 Year Cash-out Refi | 6.27% | 2/22/25 |
| 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
745Origination Dollar Volume (All Markets)
$206,505,000Top 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 | 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% |
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
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
2020 saw Ps Funding place emphasis on $100k-200k loans with 308 originations, totaling $42,450,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications58.20%
Ps Funding has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination53.02%
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
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% |