Pcma Mortgage Rates, Fees & Info
Los Angeles, CALEI: 549300IIYO1S63GOQ040
Tax ID: 51-0654034
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Mortgage Data
Review & Overview
Pcma is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Pcma has a high proportion of conventional loans. Their top markets by origination volume include: Heber, San Francisco, San Diego, and Lake Havasu City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Pcma has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Pcma is typically a high 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 relatively high rates.
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Originations
7Origination Dollar Volume (All Markets)
$13,285,000Relative Rate
Pcma's average 30 year fixed mortgage rate was
5.88%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.61%.
Relative Fees (Closing Costs)
Pcma's average total fees/closing costs for a 30 year fixed rate
mortgage were $31,261.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| Heber, UT (FHA|USDA|VA) | 2 | $6,750,000 | $3,375,000 | $80,057 | 7.74% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $3,150,000 | $1,575,000 | $16,936 | 7.13% |
| Outside of Metro Areas | 1 | $1,305,000 | $1,305,000 | $47,735 | 5.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,075,000 | $1,075,000 | $13,445 | 6.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $15,460 | 7.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 7 | $13,285,000 | $1,897,857 | $38,661 | 7.21% |
For 2023, Pcma's most frequently originated type of loan was Conventional, with 7 originations.
Loan Reason
For 2023, Pcma's most frequently cited loan purpose was Cash Out Refi, with 5 originations. The 2nd most popular reason was Home Purchase, with 1 originations.
Loan Duration/Length
For 2023, Pcma's most frequently cited loan duration was 30+ year, with 5 originations. The 2nd most popular length was 30 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 6 | $11,290,000 | $1,881,667 |
| $<1k | 1 | $1,995,000 | $1,995,000 |
Pcma's average total fees were $31,261, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 3 | $7,755,000 | $2,585,000 |
| 5-6% | 2 | $2,460,000 | $1,230,000 |
| 6-7% | 1 | $1,075,000 | $1,075,000 |
| Over 8% | 1 | $1,995,000 | $1,995,000 |
During 2023, Pcma's average interest rate for loans was 5.88%, while their most frequently originated rate bucket for loans was 7-8%, with 3 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 7 | $13,285,000 | $1,897,857 | $38,661 | 7.21% |
2023 saw Pcma place emphasis on $1MM+ loans with 7 originations, totaling $13,285,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 6 | $12,210,000 | $2,035,000 | $42,863 | 7.27% |
| $150k-250k | 1 | $1,075,000 | $1,075,000 | $13,445 | 6.88% |
Pcma lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
Pcma lent most frequently to those with DTI ratios of 20-30%, with 2 originations. The next most common DTI ratio? 30-36%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 6 | $11,290,000 | $1,881,667 | $44,669 | 7.02% |
| Black | 1 | $1,995,000 | $1,995,000 | $2,610 | 8.38% |
Approval Rates
Total approvals of all applications100.00%
Pcma has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination-1,014.29%
Pcma 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 | 7 | $13,285,000 | $1,897,857 |