Ps Funding Mortgage Rates, Fees & Info

DOVER, DE

LEI: 5493008KVNSBXMICV874

Tax ID: 47-3963268

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

Jump to:

Mortgage Data

Review & Overview

Ps Funding is a smaller mortgage company specializing in Cash Out Refi and Home Purchase 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 an above 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

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

2,073

Origination Dollar Volume (All Markets)

$567,985,000

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 2,000 $507,070,000 $253,535 $0 5.58%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 73 $60,915,000 $834,452 $0 7.74%
Ps Funding's top markets include and Los Angeles among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,073 $567,985,000 $273,992 $0 5.65%

    For 2021, Ps Funding's most frequently originated type of loan was Conventional, with 2,073 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 847 $202,015,000 $238,506 $0 5.12%
    Home Purchase 814 $254,660,000 $312,850 $0 6.56%
    Refi 412 $111,310,000 $270,170 $0 4.96%

    For 2021, Ps Funding's most frequently cited loan purpose was Cash Out Refi, with 847 originations. The 2nd most popular reason was Home Purchase, with 814 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,640 $383,630,000 $233,921 $0 4.79%
    Other 419 $181,145,000 $432,327 $0 8.91%
    1 Year 14 $3,210,000 $229,286 $0 9.19%

    For 2021, Ps Funding's most frequently cited loan duration was 30 Year, with 1,640 originations. The 2nd most popular length was Other, with 419 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,129 $261,945,000 $232,015
    5-6% 405 $86,295,000 $213,074
    Over 8% 339 $138,955,000 $409,897
    3-4% 96 $33,990,000 $354,063
    7-8% 85 $39,825,000 $468,529
    6-7% 19 $6,975,000 $367,105

    During 2021, Ps Funding's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 4-5%, with 1,129 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 853 $120,835,000 $141,659 $0 5.30%
    $200k-400k 559 $155,655,000 $278,453 $0 6.05%
    $100,000 or less 278 $23,280,000 $83,741 $0 5.09%
    $400k-600k 181 $87,445,000 $483,122 $0 5.99%
    $600k-1MM 151 $113,845,000 $753,940 $0 6.33%
    $1MM+ 51 $66,925,000 $1,312,255 $0 7.19%

    2021 saw Ps Funding place emphasis on $100k-200k loans with 853 originations, totaling $120,835,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 1,946 $501,740,000 $257,831 $0 5.46%
    Not provided 63 $35,375,000 $561,508 $0 8.30%
    White 33 $15,665,000 $474,697 $0 8.89%
    Black 12 $7,860,000 $655,000 $0 9.01%
    Asian 17 $6,675,000 $392,647 $0 8.71%
    Korean 1 $335,000 $335,000 $0 10.00%
    Chinese 1 $335,000 $335,000 $0 8.50%

    Approval Rates

    Total approvals of all applications
    82.92%

    Ps Funding has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    99.86%

    Ps Funding has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,073 $567,985,000 $273,992

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,073 $567,985,000 $273,992

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $4,050,000 $289,286 $0 5.46%
    40-60% 128 $43,940,000 $343,281 $0 5.13%
    60-80% 1,544 $395,230,000 $255,978 $0 5.31%
    80-100% 318 $94,240,000 $296,352 $0 6.76%
    Over 100% 69 $30,525,000 $442,391 $0 9.26%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PACE Funding Group, LLC Conventional home mortgage Trouble during payment process 1 100.0%