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 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
15Origination Dollar Volume (All Markets)
$10,315,000Top 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 |
|---|---|---|---|---|---|
| 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% |
Their top states include:
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
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
2018 saw Pcma place emphasis on $400k-600k loans with 4 originations, totaling $2,050,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications81.28%
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 |