Pcma Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 549300IIYO1S63GOQ040

Tax ID: 51-0654034

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Mortgage Data

Review & Overview

Pcma is a smaller mortgage company specializing in Home Improvement and Refi loans. Pcma has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, San Francisco, Santa Maria, and San Luis Obispo among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pcma has an 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 about average rates.

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Originations

15

Origination Dollar Volume (All Markets)

$10,315,000

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $4,050,000 $1,012,500 $24,647 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,500,000 $750,000 $20,967 5.13%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,480,000 $740,000 $17,556 0.00%
Outside of Metro Areas 3 $1,375,000 $458,333 $10,985 3.38%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $22,566 5.38%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $485,000 $485,000 $12,372 0.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $315,000 $315,000 $18,895 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $5,000 $5,000 $17,096 0.00%
Pcma's top markets include Los Angeles, San Diego, San Francisco, Santa Maria, and San Luis Obispo among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 15 $10,315,000 $687,667 $18,635 4.63%

    For 2018, Pcma's most frequently originated type of loan was Conventional, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 8 $5,870,000 $733,750 $18,855 5.38%
    Refi 6 $3,600,000 $600,000 $16,173 4.25%
    Home Purchase 1 $845,000 $845,000 $31,641 0.00%

    For 2018, Pcma's most frequently cited loan purpose was Home Improvement, with 8 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 12 $8,940,000 $745,000 $20,547 5.25%
    30 Year 3 $1,375,000 $458,333 $10,985 3.38%

    For 2018, Pcma's most frequently cited loan duration was Other, with 12 originations. The 2nd most popular length was 30 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 14 $9,680,000 $691,429
    $2k-3k 1 $635,000 $635,000

    Pcma's average total fees were $10,985, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 14 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 2 $2,120,000 $1,060,000
    3-4% 1 $295,000 $295,000

    During 2018, Pcma's average interest rate for loans was 3.38%, while their most frequently originated rate bucket for loans was 5-6%, with 2 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 4 $2,050,000 $512,500 $13,536 0.00%
    $600k-1MM 4 $3,130,000 $782,500 $19,187 0.00%
    $1MM+ 3 $4,125,000 $1,375,000 $29,936 5.25%
    $200k-400k 3 $1,005,000 $335,000 $13,907 3.38%
    $100,000 or less 1 $5,000 $5,000 $17,096 0.00%

    2018 saw Pcma place emphasis on $400k-600k loans with 4 originations, totaling $2,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 8 $4,140,000 $517,500 $14,316 0.00%
    $250k+ 4 $4,970,000 $1,242,500 $30,362 5.25%
    $75k-100k 2 $610,000 $305,000 $14,085 3.38%
    $100k-150k 1 $595,000 $595,000 $15,370 0.00%

    Pcma lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $250k+, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1 $295,000 $295,000 $9,275 3.38%
    30-36% 1 $1,105,000 $1,105,000 $22,566 5.38%
    38% 1 $1,015,000 $1,015,000 $23,841 5.13%
    49% 1 $315,000 $315,000 $18,895 0.00%

    Pcma lent most frequently to those with DTI ratios of 20-30%, with 1 originations. The next most common DTI ratio? 30-36%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 5 $3,965,000 $793,000 $18,601 0.00%
    White 5 $3,475,000 $695,000 $21,856 5.38%
    Asian 4 $2,580,000 $645,000 $16,989 5.13%
    American Indian 1 $295,000 $295,000 $9,275 3.38%

    Approval Rates

    Total approvals of all applications
    81.28%

    Pcma has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    -2,346.67%

    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 15 $10,315,000 $687,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 15 $10,315,000 $687,667

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $880,000 $440,000 $15,822 0.00%
    40-60% 8 $6,520,000 $815,000 $20,298 4.25%
    60-80% 4 $2,910,000 $727,500 $17,099 5.38%
    Under 20% 1 $5,000 $5,000 $17,096 0.00%