Princeton Mortgage Corporation Rates, Fees & Info

Pennington, NJ

LEI: 549300QVGK8WC4HQ3C28

Tax ID: 22-2470496

4.3 stars - Updated: 7/12/24 - out of 5 stars, based on 32 reviews

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

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Mortgage Data

Review & Overview

Princeton Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Princeton Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Charleston, Philadelphia, Atlanta, Birmingham, and Denver among others. We have data for 119 markets. (Some data included below & more in-depth data is available with an active subscription.)

Princeton Mortgage Corporation 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. Princeton Mortgage Corporation 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.

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 6.80% 7/12/24
30 Year Conventional Refi 6.40% 7/12/24
30 Year Cash-out Refi 6.79% 7/12/24
30 Year FHA Purchase 7.47% 7/12/24
30 Year FHA Refi 6.59% 7/12/24
30 Year VA Purchase 6.42% 7/12/24
30 Year VA Refi 5.89% 7/12/24
30 Year USDA Purchase 6.82% 7/12/24
30 Year USDA Refi 6.27% 7/12/24
15 Year Conventional Purchase 6.39% 7/12/24
15 Year Conventional Refi 6.15% 7/12/24
15 Year Cash-out Refi 6.15% 7/12/24
15 Year FHA Refi 5.68% 7/12/24
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.

Princeton Mortgage Corporation Mortgage Calculator






Your Estimates

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

This is not an official calculator from Princeton Mortgage Corporation. 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

1,045

Origination Dollar Volume (All Markets)

$325,675,000

Awards

Princeton Mortgage Corporation 30 Year Conventional Loans silver
Show all (1) awards

Relative Rate

Princeton Mortgage Corporation's average 30 year fixed mortgage rate was 6.77%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.29%.

Relative Fees (Closing Costs)

Princeton Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $8,885.

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
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 159 $68,435,000 $430,409 $9,451 6.84%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 233 $60,975,000 $261,695 $8,025 6.07%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 68 $24,330,000 $357,794 $8,542 6.73%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 58 $12,770,000 $220,172 $6,877 7.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 29 $9,345,000 $322,241 $9,702 4.26%
KNOXVILLE, TN (FHA|USDA|VA) 25 $8,445,000 $337,800 $8,679 6.50%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 31 $8,145,000 $262,742 $7,262 7.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 26 $7,350,000 $282,692 $7,942 7.14%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 28 $7,060,000 $252,143 $7,967 6.94%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 24 $7,030,000 $292,917 $9,908 6.00%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 25 $7,005,000 $280,200 $7,632 6.49%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 21 $6,815,000 $324,524 $9,543 7.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 23 $5,795,000 $251,957 $6,366 7.24%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $5,270,000 $658,750 $12,978 7.05%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 9 $4,845,000 $538,333 $14,642 6.70%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 18 $4,790,000 $266,111 $7,444 7.32%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $4,215,000 $468,333 $12,187 6.46%
OCEAN CITY, NJ (FHA|USDA|VA) 3 $4,045,000 $1,348,333 $22,135 7.38%
Outside of Metro Areas 14 $3,770,000 $269,286 $9,436 6.89%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $3,470,000 $289,167 $8,607 7.26%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $2,160,000 $540,000 $8,417 7.11%
WILMINGTON, NC (FHA|USDA|VA) 5 $2,135,000 $427,000 $8,964 6.80%
MOBILE, AL (FHA|USDA|VA) 13 $2,135,000 $164,231 $5,557 7.19%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $2,100,000 $525,000 $8,801 7.03%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 7 $1,845,000 $263,571 $10,591 7.12%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $1,660,000 $276,667 $9,854 6.91%
LANCASTER, PA (FHA|USDA|VA) 8 $1,640,000 $205,000 $5,943 5.41%
READING, PA (FHA|USDA|VA) 7 $1,605,000 $229,286 $5,909 5.50%
SPARTANBURG, SC (FHA|USDA|VA) 5 $1,475,000 $295,000 $9,300 7.15%
PITTSBURGH, PA (FHA|USDA|VA) 7 $1,325,000 $189,286 $6,865 5.57%
EL PASO, TX (FHA|USDA|VA) 4 $1,320,000 $330,000 $12,680 7.50%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,305,000 $435,000 $8,820 6.46%
COLUMBIA, SC (FHA|USDA|VA) 6 $1,270,000 $211,667 $7,480 6.46%
EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $1,215,000 $405,000 $12,806 6.33%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $1,170,000 $585,000 $18,338 6.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $1,060,000 $265,000 $8,499 7.28%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $1,010,000 $505,000 $10,704 7.13%
ASHEVILLE, NC (FHA|USDA|VA) 2 $1,010,000 $505,000 $15,136 7.56%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $980,000 $490,000 $9,718 7.12%
RICHMOND, VA (FHA|USDA|VA) 3 $895,000 $298,333 $9,327 6.96%
Orangeburg, SC (FHA|USDA|VA) 4 $890,000 $222,500 $7,741 6.78%
TUSCALOOSA, AL (FHA|USDA|VA) 5 $885,000 $177,000 $7,901 7.53%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $880,000 $440,000 $7,355 7.63%
ROANOKE, VA (FHA|USDA|VA) 4 $870,000 $217,500 $5,628 6.53%
Sevierville, TN (FHA|USDA|VA) 2 $830,000 $415,000 $15,984 7.06%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $805,000 $805,000 $22,038 7.99%
COLUMBUS, OH (FHA|USDA|VA) 3 $785,000 $261,667 $3,571 6.13%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $760,000 $380,000 $5,355 7.69%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $740,000 $370,000 $7,051 6.50%
McMinnville, TN (FHA|USDA|VA) 1 $725,000 $725,000 $3,671 6.88%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 4 $720,000 $180,000 $3,154 5.22%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $710,000 $355,000 $8,198 7.38%
SUMTER, SC (FHA|USDA|VA) 3 $675,000 $225,000 $5,643 6.96%
BOISE CITY, ID (FHA|USDA|VA) 1 $665,000 $665,000 $13,095 7.38%
CHICO, CA (FHA|USDA|VA) 2 $660,000 $330,000 $15,205 6.56%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $630,000 $315,000 $12,755 7.25%
Ukiah, CA (FHA|USDA|VA) 2 $610,000 $305,000 $13,612 6.44%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $605,000 $605,000 $11,600 6.63%
Ashtabula, OH (FHA|USDA|VA) 3 $585,000 $195,000 $6,659 7.38%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $575,000 $575,000 $6,511 6.99%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $565,000 $565,000 $15,481 6.38%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $550,000 $275,000 $5,702 6.81%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $550,000 $275,000 $6,971 6.50%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $540,000 $270,000 $8,735 7.19%
STATE COLLEGE, PA (FHA|USDA|VA) 2 $540,000 $270,000 $7,129 7.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $515,000 $515,000 $5,816 7.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $515,000 $171,667 $6,968 6.67%
LaGrange, GA-AL (FHA|USDA|VA) 2 $510,000 $255,000 $8,770 6.63%
CLEVELAND, TN (FHA|USDA|VA) 2 $510,000 $255,000 $6,810 6.81%
Concord, NH (FHA|USDA|VA) 2 $480,000 $240,000 $8,022 6.94%
ALTOONA, PA (FHA|USDA|VA) 2 $450,000 $225,000 $9,945 6.94%
Athens, TN (FHA|USDA|VA) 1 $445,000 $445,000 $14,791 7.38%
DECATUR, AL (FHA|USDA|VA) 2 $420,000 $210,000 $4,539 7.63%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $395,000 $395,000 $17,702 6.38%
Georgetown, SC (FHA|USDA|VA) 2 $390,000 $195,000 $4,879 7.31%
YORK-HANOVER, PA (FHA|USDA|VA) 3 $385,000 $128,333 $5,119 4.92%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $380,000 $190,000 $9,002 7.56%
LAS CRUCES, NM (FHA|USDA|VA) 1 $365,000 $365,000 $13,952 7.00%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $365,000 $365,000 $4,132 6.88%
Calhoun, GA (FHA|USDA|VA) 1 $355,000 $355,000 $7,608 6.88%
Brevard, NC (FHA|USDA|VA) 1 $345,000 $345,000 $10,158 5.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $345,000 $345,000 $17,145 6.75%
FRESNO, CA (FHA|USDA|VA) 1 $335,000 $335,000 $15,457 6.25%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $315,000 $315,000 $8,284 6.38%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $310,000 $155,000 $4,216 6.63%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $305,000 $305,000 $9,150 7.25%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $300,000 $150,000 $4,954 8.00%
Somerset, KY (FHA|USDA|VA) 1 $295,000 $295,000 $8,781 6.88%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $295,000 $295,000 $15,035 7.63%
Durango, CO (FHA|USDA|VA) 1 $295,000 $295,000 $5,759 4.75%
Meridian, MS (FHA|USDA|VA) 1 $285,000 $285,000 $6,724 6.88%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $285,000 $285,000 $4,791 5.38%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $275,000 $275,000 $20,391 5.75%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $265,000 $265,000 $8,263 7.63%
GAINESVILLE, GA (FHA|USDA|VA) 1 $255,000 $255,000 $5,932 8.00%
AKRON, OH (FHA|USDA|VA) 1 $255,000 $255,000 $9,029 6.99%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $245,000 $245,000 $11,826 7.63%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $235,000 $235,000 $8,285 5.99%
MORRISTOWN, TN (FHA|USDA|VA) 2 $230,000 $115,000 $5,215 7.00%
Clearlake, CA (FHA|USDA|VA) 1 $215,000 $215,000 $8,726 6.88%
OCALA, FL (FHA|USDA|VA) 1 $215,000 $215,000 $7,895 6.50%
Dayton, TN (FHA|USDA|VA) 1 $205,000 $205,000 $6,058 6.50%
Klamath Falls, OR (FHA|USDA|VA) 1 $205,000 $205,000 $12,466 7.13%
ODESSA, TX (FHA|USDA|VA) 1 $205,000 $205,000 $13,304 7.25%
Atmore, AL (FHA|USDA|VA) 1 $195,000 $195,000 $3,712 6.38%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $175,000 $175,000 $9,582 5.99%
Jasper, AL (FHA|USDA|VA) 1 $175,000 $175,000 $10,597 8.25%
CHARLESTON, WV (FHA|USDA|VA) 1 $175,000 $175,000 $3,782 6.88%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $165,000 $165,000 $6,814 7.63%
Palestine, TX (FHA|USDA|VA) 2 $160,000 $80,000 $1,950 4.19%
BRUNSWICK, GA (FHA|USDA|VA) 1 $155,000 $155,000 $5,022 6.88%
Alexander City, AL (FHA|USDA|VA) 1 $145,000 $145,000 $7,313 6.88%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,939 6.50%
Seneca, SC (FHA|USDA|VA) 1 $125,000 $125,000 $5,644 6.63%
Picayune, MS (FHA|USDA|VA) 1 $125,000 $125,000 $5,523 7.88%
Laurel, MS (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.99%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.50%
BURLINGTON, NC (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.38%
MONTGOMERY, AL (FHA|USDA|VA) 1 $85,000 $85,000 $4,031 5.88%
Princeton Mortgage Corporation's top markets include Charleston, Philadelphia, Atlanta, Birmingham, and Denver among others.

Their top states include:
  • South Carolina (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 749 $234,245,000 $312,744 $7,416 6.53%
    FHA 221 $64,835,000 $293,371 $11,894 6.73%
    VA 67 $24,935,000 $372,164 $9,403 6.74%
    USDA 8 $1,660,000 $207,500 $6,909 6.70%

    For 2023, Princeton Mortgage Corporation's most frequently originated type of loan was Conventional, with 749 originations. Their 2nd most popular type was FHA, with 221 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 951 $306,005,000 $321,772 $8,707 6.64%
    Cash Out Refi 47 $11,875,000 $252,660 $9,520 7.03%
    Other 24 $170,000 $7,083 $31 3.84%
    Refi 21 $7,235,000 $344,524 $7,984 6.34%
    Home Improvement 2 $390,000 $195,000 $7,133 6.74%

    For 2023, Princeton Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 951 originations. The 2nd most popular reason was Cash Out Refi, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 985 $319,585,000 $324,452 $8,885 6.77%
    10 Year 42 $450,000 $10,714 $2 2.20%
    15 Year 8 $3,030,000 $378,750 $8,745 6.33%
    20 Year 7 $1,785,000 $255,000 $7,917 6.91%
    Other 3 $825,000 $275,000 $10,698 7.25%

    For 2023, Princeton Mortgage Corporation's most frequently cited loan duration was 30 Year, with 985 originations. The 2nd most popular length was 10 Year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 311 $135,985,000 $437,251
    $1k-2k 232 $67,840,000 $292,414
    $3k-4k 139 $39,075,000 $281,115
    $2k-3k 130 $32,040,000 $246,462
    $4k-5k 128 $37,680,000 $294,375
    $<1k 79 $7,345,000 $92,975

    Princeton Mortgage Corporation's average total fees were $8,885, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 311 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 557 $180,585,000 $324,210
    7-8% 354 $115,710,000 $326,864
    5-6% 73 $23,405,000 $320,616
    <2.5% 43 $575,000 $13,372
    Over 8% 15 $3,745,000 $249,667
    4-5% 3 $1,655,000 $551,667

    During 2023, Princeton Mortgage Corporation's average interest rate for loans was 6.77%, while their most frequently originated rate bucket for loans was 6-7%, with 557 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 521 $150,935,000 $289,702 $8,671 6.85%
    $100k-200k 201 $31,905,000 $158,731 $6,153 6.88%
    $400k-600k 180 $86,370,000 $479,833 $11,735 6.90%
    $100,000 or less 78 $2,390,000 $30,641 $1,240 3.08%
    $600k-1MM 52 $36,760,000 $706,923 $13,391 6.95%
    $1MM+ 13 $17,315,000 $1,331,923 $16,156 6.42%

    2023 saw Princeton Mortgage Corporation place emphasis on $200k-400k loans with 521 originations, totaling $150,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 270 $86,630,000 $320,852 $9,203 6.69%
    $75k-100k 228 $59,950,000 $262,939 $8,206 6.47%
    $50k-75k 209 $40,585,000 $194,187 $6,325 6.31%
    $150k-250k 168 $72,480,000 $431,429 $10,429 6.95%
    $250k+ 89 $54,585,000 $613,315 $11,523 7.01%
    $50k or less 79 $10,895,000 $137,911 $5,749 6.00%

    Princeton Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 270 originations. The second most popular income band? $75k-100k, with 228 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 164 $48,610,000 $296,402 $8,365 6.77%
    20-30% 112 $36,600,000 $326,786 $7,501 6.81%
    50-60% 111 $36,785,000 $331,396 $11,176 6.49%
    44% 56 $16,590,000 $296,250 $8,144 6.25%
    48% 56 $16,560,000 $295,714 $8,690 6.71%
    49% 54 $16,450,000 $304,630 $8,798 6.63%
    42% 51 $16,525,000 $324,020 $9,177 6.39%
    43% 47 $15,165,000 $322,660 $8,556 6.86%
    46% 44 $15,230,000 $346,136 $9,409 6.50%
    41% 44 $13,940,000 $316,818 $8,243 6.54%
    39% 41 $11,635,000 $283,780 $8,391 6.55%
    47% 40 $11,840,000 $296,000 $8,185 6.40%
    <20% 39 $13,535,000 $347,051 $6,887 5.62%
    36% 39 $11,975,000 $307,051 $8,092 6.80%
    40% 38 $11,550,000 $303,947 $7,521 6.78%
    45% 36 $10,070,000 $279,722 $7,994 6.83%
    37% 36 $11,660,000 $323,889 $7,197 6.41%
    38% 31 $10,025,000 $323,387 $8,959 6.99%
    >60% 6 $930,000 $155,000 $1,484 3.62%

    Princeton Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 164 originations. The next most common DTI ratio? 20-30%, with 112 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 864 $273,080,000 $316,065 $8,436 6.58%
    Black 76 $20,550,000 $270,395 $8,787 6.57%
    Asian 43 $13,445,000 $312,674 $8,099 6.79%
    Not provided 44 $12,350,000 $280,682 $8,414 6.41%
    American Indian 18 $6,250,000 $347,222 $12,352 6.65%

    Approval Rates

    Total approvals of all applications
    94.22%

    Princeton Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    48.42%

    Princeton Mortgage Corporation 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 1,045 $325,675,000 $311,651

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,045 $325,675,000 $311,651

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $6,540,000 $192,353 $5,947 6.60%
    40-60% 86 $23,420,000 $272,326 $6,831 6.84%
    60-80% 265 $92,975,000 $350,849 $8,767 6.96%
    80-100% 592 $199,870,000 $337,618 $9,623 6.85%
    Over 100% 6 $1,780,000 $296,667 $11,700 6.42%
    Under 20% 62 $1,090,000 $17,581 $451 2.13%