Primeway Mortgage Rates, Fees & Info

Houston, TX

LEI: 549300H6M7CI9LXTKS03

Tax ID: 74-1152784

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Primeway is a smaller mortgage company specializing in Refi and Home Improvement loans. Primeway has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Brenham, and Dallas among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Primeway has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Primeway is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.56% 11/21/24
    30 Year Conventional Refi 6.00% 11/21/24
    15 Year Conventional Purchase 6.18% 11/21/24
    15 Year Conventional Refi 5.67% 11/21/24
    15 Year Cash-out Refi 5.67% 11/21/24
    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.

    Primeway Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Primeway. 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

    352

    Origination Dollar Volume (All Markets)

    $40,030,000

    Awards

    PRIMEWAY 30 Year Conventional Loans gold PRIMEWAY 30 Year Conventional Loans gold
    Show all (2) awards

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 350 $39,920,000 $114,057 $823 4.82%
    Brenham, TX (FHA|USDA|VA) 1 $55,000 $55,000 $516 3.55%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $55,000 $55,000 $311 6.10%
    Primeway's top markets include Houston, Brenham, and Dallas among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against PRIMEWAY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PRIMEWAY
    Similarity Rank: 249
    AMOCO
    Similarity Rank: 510
    A+ Federal Credit Union
    Similarity Rank: 858
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 860
    TEXAS BAY
    Similarity Rank: 957
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1032
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 1074
    AAXY L.L.C.
    Similarity Rank: 1344
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 1482
    JSC
    Similarity Rank: 1924

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 352 $40,030,000 $113,722 $821 4.82%

    For 2022, Primeway's most frequently originated type of loan was Conventional, with 352 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 217 $30,385,000 $140,023 $1,047 4.54%
    Home Improvement 131 $9,315,000 $71,107 $457 5.26%
    Home Purchase 4 $330,000 $82,500 $492 6.15%

    For 2022, Primeway's most frequently cited loan purpose was Refi, with 217 originations. The 2nd most popular reason was Home Improvement, with 131 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 106 $17,950,000 $169,340 $1,352 4.77%
    10 Year 73 $4,525,000 $61,986 $371 4.48%
    20 Year 71 $8,275,000 $116,549 $903 5.57%
    15 Year 68 $6,680,000 $98,235 $536 4.58%
    Other 25 $2,185,000 $87,400 $554 4.86%
    5 Year 7 $345,000 $49,286 $381 4.86%
    1 Year 2 $70,000 $35,000 $501 3.31%

    For 2022, Primeway's most frequently cited loan duration was 30 Year, with 106 originations. The 2nd most popular length was 10 Year, with 73 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 352 $40,030,000 $113,722

    Primeway's average total fees were $1,352, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 352 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 140 $18,190,000 $129,929
    4-5% 59 $6,755,000 $114,492
    6-7% 53 $4,115,000 $77,642
    5-6% 49 $5,795,000 $118,265
    7-8% 26 $1,960,000 $75,385
    Over 8% 3 $145,000 $48,333
    <2.5% 1 $55,000 $55,000

    During 2022, Primeway's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 3-4%, with 140 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 190 $10,930,000 $57,526 $386 5.12%
    $100k-200k 116 $16,380,000 $141,207 $863 4.60%
    $200k-400k 43 $11,025,000 $256,395 $2,469 4.13%
    $400k-600k 2 $990,000 $495,000 $4,421 3.65%
    $600k-1MM 1 $705,000 $705,000 $0 0.00%

    2022 saw Primeway place emphasis on $100,000 or less loans with 190 originations, totaling $10,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 97 $10,955,000 $112,938 $798 4.91%
    $50k-75k 92 $9,520,000 $103,478 $725 4.84%
    $75k-100k 61 $6,675,000 $109,426 $763 4.73%
    $50k or less 53 $4,685,000 $88,396 $579 4.43%
    $150k-250k 38 $5,970,000 $157,105 $1,296 5.00%
    $250k+ 11 $2,225,000 $202,273 $1,636 5.38%

    Primeway lent most frequently to those with incomes in the $100k-150k range, with 97 originations. The second most popular income band? $50k-75k, with 92 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    43% 61 $6,605,000 $108,279 $728 5.27%
    20-30% 60 $6,720,000 $112,000 $815 4.60%
    30-36% 48 $5,960,000 $124,167 $920 4.53%
    42% 46 $5,170,000 $112,391 $878 5.18%
    <20% 25 $2,335,000 $93,400 $749 4.52%
    41% 22 $2,830,000 $128,636 $826 5.02%
    40% 21 $2,455,000 $116,905 $998 4.63%
    39% 18 $1,360,000 $75,556 $350 4.46%
    38% 16 $2,560,000 $160,000 $1,184 4.67%
    36% 12 $1,640,000 $136,667 $1,021 4.56%
    37% 11 $1,115,000 $101,364 $708 5.38%
    50-60% 7 $705,000 $100,714 $513 4.77%
    44% 3 $425,000 $141,667 $1,172 3.81%
    >60% 2 $150,000 $75,000 $322 3.80%

    Primeway lent most frequently to those with DTI ratios of 43%, with 61 originations. The next most common DTI ratio? 20-30%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 211 $22,815,000 $108,128 $806 4.77%
    Black 129 $15,555,000 $120,581 $834 4.88%
    Asian 11 $1,575,000 $143,182 $947 4.86%
    Native Hawaiian or Islander 1 $85,000 $85,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    85.23%

    Primeway has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.76%

    Primeway has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    311.0 1 $85,000 $85,000
    NA 351 $39,945,000 $113,803

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    352 $40,030,000 $113,722

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 95 $8,695,000 $91,526 $532 4.87%
    40-60% 57 $6,765,000 $118,684 $723 4.40%
    60-80% 90 $15,620,000 $173,556 $1,406 4.52%
    80-100% 25 $4,785,000 $191,400 $1,501 4.17%
    Under 20% 85 $4,165,000 $49,000 $385 5.58%