Princeton Mortgage Corporation Rates, Fees & Info

Pennington, NJ

LEI: 549300QVGK8WC4HQ3C28

Tax ID: 22-2470496

2.8 stars - Updated: 3/3/24 - out of 5 stars, based on 45 reviews

Latest/2022 | 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, Pittsburgh, Atlanta, and Columbus among others. We have data for 171 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 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.

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% 3/3/24
30 Year Conventional Refi 6.40% 3/3/24
30 Year Cash-out Refi 6.79% 3/3/24
30 Year FHA Purchase 7.47% 3/3/24
30 Year FHA Refi 6.59% 3/3/24
30 Year VA Purchase 6.42% 3/3/24
30 Year VA Refi 5.89% 3/3/24
30 Year USDA Purchase 6.82% 3/3/24
30 Year USDA Refi 6.27% 3/3/24
15 Year Conventional Purchase 6.39% 3/3/24
15 Year Conventional Refi 6.15% 3/3/24
15 Year Cash-out Refi 6.15% 3/3/24
15 Year FHA Refi 5.68% 3/3/24
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

2,019

Origination Dollar Volume (All Markets)

$625,875,000
Show all (6) awards

Relative Rate

Princeton Mortgage Corporation's average 30 year fixed mortgage rate was 4.86%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.1%.

Relative Fees (Closing Costs)

Princeton Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $8,406.

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 $4,750.

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) 245 $105,205,000 $429,408 $8,962 5.05%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 193 $56,195,000 $291,166 $8,580 5.04%
PITTSBURGH, PA (FHA|USDA|VA) 219 $50,745,000 $231,712 $7,325 4.53%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 100 $35,760,000 $357,600 $8,361 4.80%
COLUMBUS, OH (FHA|USDA|VA) 89 $26,535,000 $298,146 $6,883 4.58%
KNOXVILLE, TN (FHA|USDA|VA) 104 $23,800,000 $228,846 $7,181 5.32%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 57 $23,595,000 $413,947 $11,507 4.31%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 54 $23,520,000 $435,556 $10,309 4.27%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 73 $22,525,000 $308,562 $8,832 5.12%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 59 $20,975,000 $355,508 $10,496 4.05%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 57 $18,215,000 $319,561 $8,426 4.89%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 55 $13,885,000 $252,455 $6,425 5.33%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 45 $12,975,000 $288,333 $8,694 4.54%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 40 $11,580,000 $289,500 $9,255 4.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 37 $10,595,000 $286,351 $9,098 4.85%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 36 $9,850,000 $273,611 $7,462 4.93%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 30 $8,450,000 $281,667 $8,142 5.04%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 19 $7,745,000 $407,632 $7,575 4.68%
ERIE, PA (FHA|USDA|VA) 44 $6,770,000 $153,864 $7,082 4.44%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 12 $6,540,000 $545,000 $9,836 3.56%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 23 $6,485,000 $281,957 $7,186 3.71%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 18 $5,920,000 $328,889 $8,894 4.71%
Outside of Metro Areas 23 $5,845,000 $254,130 $7,673 5.10%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 14 $4,880,000 $348,571 $6,123 4.44%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 12 $4,580,000 $381,667 $9,467 6.39%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 18 $4,090,000 $227,222 $7,442 4.74%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 10 $3,700,000 $370,000 $8,605 4.55%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 18 $3,590,000 $199,444 $3,110 4.72%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 10 $3,530,000 $353,000 $9,064 4.26%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $2,880,000 $480,000 $9,259 5.67%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 8 $2,340,000 $292,500 $10,974 4.97%
READING, PA (FHA|USDA|VA) 9 $2,235,000 $248,333 $6,936 4.83%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $2,220,000 $370,000 $8,147 3.83%
OCEAN CITY, NJ (FHA|USDA|VA) 5 $2,045,000 $409,000 $13,105 4.78%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $2,030,000 $338,333 $12,944 4.73%
CLEVELAND, TN (FHA|USDA|VA) 6 $2,000,000 $333,333 $9,126 5.25%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 5 $1,885,000 $377,000 $9,854 4.55%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 9 $1,885,000 $209,444 $6,866 4.57%
SPARTANBURG, SC (FHA|USDA|VA) 8 $1,880,000 $235,000 $8,330 5.52%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 8 $1,740,000 $217,500 $5,993 4.94%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 6 $1,590,000 $265,000 $6,839 6.08%
CHICO, CA (FHA|USDA|VA) 4 $1,470,000 $367,500 $11,231 5.88%
EAST STROUDSBURG, PA (FHA|USDA|VA) 4 $1,450,000 $362,500 $10,727 4.59%
Sevierville, TN (FHA|USDA|VA) 5 $1,325,000 $265,000 $8,003 4.93%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $1,265,000 $421,667 $7,847 3.88%
MEDFORD, OR (FHA|USDA|VA) 4 $1,250,000 $312,500 $7,990 3.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $1,215,000 $405,000 $6,118 4.12%
LAKE CHARLES, LA (FHA|USDA|VA) 2 $1,170,000 $585,000 $15,163 4.19%
COLUMBIA, SC (FHA|USDA|VA) 5 $1,145,000 $229,000 $5,667 6.10%
DOVER, DE (FHA|USDA|VA) 3 $1,125,000 $375,000 $11,181 4.67%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $1,125,000 $375,000 $15,382 4.75%
AKRON, OH (FHA|USDA|VA) 6 $1,110,000 $185,000 $5,212 3.27%
YORK-HANOVER, PA (FHA|USDA|VA) 5 $1,105,000 $221,000 $8,635 4.10%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $1,070,000 $267,500 $10,510 5.81%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $12,408 5.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $955,000 $318,333 $7,567 5.25%
Athens, TN (FHA|USDA|VA) 2 $930,000 $465,000 $8,689 5.25%
Jefferson, GA (FHA|USDA|VA) 2 $910,000 $455,000 $4,485 3.81%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $900,000 $225,000 $7,935 6.03%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $890,000 $445,000 $10,005 5.25%
BAKERSFIELD, CA (FHA|USDA|VA) 3 $875,000 $291,667 $7,075 3.33%
Georgetown, SC (FHA|USDA|VA) 3 $825,000 $275,000 $6,313 4.25%
DALTON, GA (FHA|USDA|VA) 3 $815,000 $271,667 $5,158 4.21%
Breckenridge, CO (FHA|USDA|VA) 1 $795,000 $795,000 $22,087 4.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $770,000 $385,000 $7,365 4.06%
SPRINGFIELD, MA (FHA|USDA|VA) 4 $770,000 $192,500 $11,856 6.62%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $730,000 $365,000 $10,406 5.38%
Key West, FL (FHA|USDA|VA) 1 $715,000 $715,000 $25,358 3.38%
Pella, IA (FHA|USDA|VA) 2 $690,000 $345,000 $2,973 4.69%
MOBILE, AL (FHA|USDA|VA) 3 $685,000 $228,333 $5,421 6.75%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $680,000 $340,000 $5,435 5.56%
Brevard, NC (FHA|USDA|VA) 2 $660,000 $330,000 $11,583 5.56%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $660,000 $330,000 $13,705 4.13%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $645,000 $645,000 $3,603 3.49%
RICHMOND, VA (FHA|USDA|VA) 3 $645,000 $215,000 $5,957 2.67%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $635,000 $211,667 $5,947 4.08%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $610,000 $305,000 $7,292 5.44%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $600,000 $300,000 $5,087 4.75%
Easton, MD (FHA|USDA|VA) 1 $585,000 $585,000 $0 5.75%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $585,000 $585,000 $5,344 3.63%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $585,000 $585,000 $19,540 7.13%
LEBANON, PA (FHA|USDA|VA) 2 $570,000 $285,000 $9,820 4.44%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $540,000 $270,000 $10,691 5.19%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $525,000 $525,000 $2,999 3.00%
ALTOONA, PA (FHA|USDA|VA) 2 $520,000 $260,000 $10,544 3.50%
SUMTER, SC (FHA|USDA|VA) 2 $520,000 $260,000 $4,739 5.31%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 3 $505,000 $168,333 $6,380 6.79%
SPRINGFIELD, OH (FHA|USDA|VA) 2 $500,000 $250,000 $6,855 5.38%
New Castle, PA (FHA|USDA|VA) 3 $495,000 $165,000 $4,960 4.13%
VALDOSTA, GA (FHA|USDA|VA) 2 $490,000 $245,000 $6,647 5.06%
FORT COLLINS, CO (FHA|USDA|VA) 1 $475,000 $475,000 $4,381 2.99%
IOWA CITY, IA (FHA|USDA|VA) 2 $460,000 $230,000 $4,359 4.94%
LUBBOCK, TX (FHA|USDA|VA) 2 $440,000 $220,000 $4,620 6.19%
STATE COLLEGE, PA (FHA|USDA|VA) 2 $440,000 $220,000 $5,816 2.63%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $435,000 $435,000 $5,986 4.00%
FLORENCE, SC (FHA|USDA|VA) 2 $430,000 $215,000 $6,811 5.63%
AMES, IA (FHA|USDA|VA) 2 $430,000 $215,000 $3,953 4.50%
TYLER, TX (FHA|USDA|VA) 1 $425,000 $425,000 $5,341 3.38%
MADERA, CA (FHA|USDA|VA) 1 $415,000 $415,000 $16,632 5.75%
Ukiah, CA (FHA|USDA|VA) 1 $405,000 $405,000 $4,831 3.13%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $405,000 $405,000 $12,673 3.88%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $405,000 $405,000 $7,321 6.25%
Cedartown, GA (FHA|USDA|VA) 2 $400,000 $200,000 $10,070 6.88%
Indiana, PA (FHA|USDA|VA) 3 $395,000 $131,667 $6,047 4.17%
Morehead City, NC (FHA|USDA|VA) 1 $385,000 $385,000 $4,726 4.13%
BURLINGTON, NC (FHA|USDA|VA) 1 $385,000 $385,000 $9,680 6.99%
TOLEDO, OH (FHA|USDA|VA) 1 $385,000 $385,000 $8,438 4.00%
BOULDER, CO (FHA|USDA|VA) 1 $375,000 $375,000 $12,671 6.38%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $370,000 $185,000 $7,894 4.69%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $365,000 $365,000 $6,461 3.88%
ASHEVILLE, NC (FHA|USDA|VA) 2 $360,000 $180,000 $5,796 5.81%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $355,000 $355,000 $4,417 3.75%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $355,000 $355,000 $8,598 7.13%
Glenwood Springs, CO (FHA|USDA|VA) 1 $345,000 $345,000 $6,328 4.88%
Boone, NC (FHA|USDA|VA) 1 $345,000 $345,000 $4,138 4.25%
Meadville, PA (FHA|USDA|VA) 2 $340,000 $170,000 $7,815 5.00%
Point Pleasant, WV-OH (FHA|USDA|VA) 1 $335,000 $335,000 $3,417 4.38%
GETTYSBURG, PA (FHA|USDA|VA) 1 $335,000 $335,000 $24,354 5.88%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $330,000 $165,000 $5,519 3.62%
FRESNO, CA (FHA|USDA|VA) 1 $315,000 $315,000 $12,764 4.99%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $315,000 $315,000 $11,286 5.25%
MORRISTOWN, TN (FHA|USDA|VA) 1 $315,000 $315,000 $6,302 7.13%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $310,000 $155,000 $8,350 4.18%
GAINESVILLE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $9,518 4.25%
Calhoun, GA (FHA|USDA|VA) 1 $305,000 $305,000 $12,930 5.38%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $305,000 $305,000 $12,791 6.38%
Durango, CO (FHA|USDA|VA) 1 $295,000 $295,000 $5,660 5.13%
STOCKTON, CA (FHA|USDA|VA) 1 $285,000 $285,000 $7,032 5.88%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $285,000 $285,000 $5,194 3.25%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $275,000 $275,000 $10,938 4.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $275,000 $275,000 $8,939 4.25%
Crescent City, CA (FHA|USDA|VA) 1 $265,000 $265,000 $16,734 6.50%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $265,000 $265,000 $0 6.00%
LAS CRUCES, NM (FHA|USDA|VA) 1 $255,000 $255,000 $15,274 5.75%
ROANOKE, VA (FHA|USDA|VA) 1 $245,000 $245,000 $15,334 4.99%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $245,000 $245,000 $8,575 4.38%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $245,000 $245,000 $8,027 4.00%
Milledgeville, GA (FHA|USDA|VA) 1 $245,000 $245,000 $10,524 5.75%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $235,000 $235,000 $3,654 5.50%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $225,000 $225,000 $9,099 4.13%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $5,152 3.75%
PANAMA CITY, FL (FHA|USDA|VA) 1 $225,000 $225,000 $5,848 6.63%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $220,000 $110,000 $3,572 4.63%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $215,000 $215,000 $5,930 3.88%
McMinnville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $6,393 3.88%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.38%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $215,000 $215,000 $8,022 5.63%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $205,000 $205,000 $4,077 4.38%
LANCASTER, PA (FHA|USDA|VA) 1 $205,000 $205,000 $8,151 3.13%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $205,000 $205,000 $8,761 3.25%
Somerset, PA (FHA|USDA|VA) 1 $205,000 $205,000 $8,890 6.13%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $195,000 $195,000 $3,960 6.38%
Mount Vernon, OH (FHA|USDA|VA) 1 $195,000 $195,000 $7,388 6.75%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $195,000 $195,000 $7,717 2.88%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $195,000 $195,000 $7,192 4.50%
Orangeburg, SC (FHA|USDA|VA) 1 $185,000 $185,000 $10,163 4.25%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $175,000 $175,000 $4,091 5.50%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $175,000 $175,000 $11,826 5.75%
Lewistown, PA (FHA|USDA|VA) 1 $165,000 $165,000 $7,189 3.50%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $155,000 $155,000 $3,239 5.88%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $155,000 $155,000 $6,194 4.13%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $135,000 $135,000 $5,926 3.75%
ANN ARBOR, MI (FHA|USDA|VA) 1 $125,000 $125,000 $3,767 5.00%
DuBois, PA (FHA|USDA|VA) 1 $125,000 $125,000 $5,408 3.88%
LAWTON, OK (FHA|USDA|VA) 1 $125,000 $125,000 $7,182 7.25%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $115,000 $115,000 $6,140 7.00%
Warren, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,174 3.75%
LYNCHBURG, VA (FHA|USDA|VA) 1 $105,000 $105,000 $5,098 4.38%
Pottsville, PA (FHA|USDA|VA) 1 $105,000 $105,000 $7,939 3.25%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $85,000 $85,000 $5,485 3.75%
Lock Haven, PA (FHA|USDA|VA) 1 $85,000 $85,000 $4,773 4.25%
Princeton Mortgage Corporation's top markets include Charleston, Philadelphia, Pittsburgh, Atlanta, and Columbus among others.

Their top states include:
  • South Carolina (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,613 $499,085,000 $309,414 $7,317 4.81%
    FHA 316 $90,010,000 $284,842 $11,602 4.80%
    VA 75 $33,925,000 $452,333 $14,175 4.54%
    USDA 15 $2,855,000 $190,333 $7,733 4.73%

    For 2022, Princeton Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,613 originations. Their 2nd most popular type was FHA, with 316 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,688 $530,370,000 $314,200 $8,427 4.92%
    Cash Out Refi 189 $57,965,000 $306,693 $7,831 4.47%
    Refi 108 $28,530,000 $264,167 $6,789 3.60%
    Home Improvement 34 $9,010,000 $265,000 $7,747 4.55%

    For 2022, Princeton Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,688 originations. The 2nd most popular reason was Cash Out Refi, with 189 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,911 $602,605,000 $315,335 $8,406 4.86%
    15 Year 79 $16,535,000 $209,304 $5,660 3.77%
    20 Year 14 $4,140,000 $295,714 $7,604 5.33%
    Other 9 $2,325,000 $258,333 $8,058 3.89%
    10 Year 5 $265,000 $53,000 $1,734 1.32%
    3 Year 1 $5,000 $5,000 $475 0.00%

    For 2022, Princeton Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,911 originations. The 2nd most popular length was 15 Year, with 79 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 628 $232,070,000 $369,538
    $1k-2k 520 $159,770,000 $307,250
    $2k-3k 251 $66,825,000 $266,235
    $3k-4k 246 $66,110,000 $268,740
    $4k-5k 203 $59,615,000 $293,670
    $<1k 112 $28,650,000 $255,804

    Princeton Mortgage Corporation's average total fees were $8,406, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 628 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 597 $191,905,000 $321,449
    3-4% 565 $179,855,000 $318,327
    4-5% 460 $140,850,000 $306,196
    6-7% 217 $66,725,000 $307,488
    2.5-3% 78 $22,930,000 $293,974
    7-8% 76 $21,150,000 $278,289
    <2.5% 26 $2,460,000 $94,615

    During 2022, Princeton Mortgage Corporation's average interest rate for loans was 4.86%, while their most frequently originated rate bucket for loans was 5-6%, with 597 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,066 $308,490,000 $289,390 $8,251 4.90%
    $100k-200k 435 $67,825,000 $155,920 $5,873 4.75%
    $400k-600k 333 $156,705,000 $470,586 $10,488 4.75%
    $600k-1MM 96 $66,080,000 $688,333 $13,913 4.78%
    $100,000 or less 74 $4,730,000 $63,919 $3,471 3.90%
    $1MM+ 15 $22,045,000 $1,469,667 $13,297 4.70%

    2022 saw Princeton Mortgage Corporation place emphasis on $200k-400k loans with 1,066 originations, totaling $308,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 512 $122,840,000 $239,922 $7,514 4.68%
    $100k-150k 460 $158,310,000 $344,152 $8,899 4.84%
    $75k-100k 391 $114,065,000 $291,726 $8,531 4.92%
    $150k-250k 279 $118,665,000 $425,323 $9,573 4.96%
    $50k or less 249 $41,615,000 $167,129 $6,050 4.52%
    $250k+ 120 $67,000,000 $558,333 $10,301 4.99%

    Princeton Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 512 originations. The second most popular income band? $100k-150k, with 460 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 311 $100,995,000 $324,743 $7,713 4.67%
    30-36% 288 $86,200,000 $299,306 $7,717 4.77%
    50-60% 141 $46,785,000 $331,809 $12,397 4.76%
    44% 104 $30,670,000 $294,904 $8,121 5.11%
    49% 101 $32,395,000 $320,743 $8,617 5.23%
    39% 95 $33,115,000 $348,579 $8,123 4.70%
    40% 93 $30,275,000 $325,538 $8,663 4.71%
    45% 92 $28,530,000 $310,109 $7,973 4.96%
    47% 92 $26,920,000 $292,609 $8,677 4.85%
    43% 91 $26,865,000 $295,220 $7,951 4.61%
    42% 89 $27,345,000 $307,247 $8,381 4.96%
    41% 85 $27,605,000 $324,765 $7,974 4.78%
    46% 83 $24,475,000 $294,880 $7,943 4.87%
    <20% 78 $19,110,000 $245,000 $5,924 4.43%
    48% 76 $23,210,000 $305,395 $8,171 4.78%
    37% 71 $21,455,000 $302,183 $7,839 4.94%
    38% 69 $20,435,000 $296,159 $8,419 4.78%
    36% 55 $17,805,000 $323,727 $8,313 5.08%
    >60% 4 $1,400,000 $350,000 $2,699 2.22%

    Princeton Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 311 originations. The next most common DTI ratio? 30-36%, with 288 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,482 $465,570,000 $314,150 $8,111 4.88%
    Asian 236 $64,920,000 $275,085 $8,159 4.46%
    Black 172 $54,230,000 $315,291 $9,075 4.62%
    Not provided 96 $31,330,000 $326,354 $9,114 4.61%
    American Indian 24 $7,130,000 $297,083 $8,884 5.28%
    Native Hawaiian or Islander 3 $1,285,000 $428,333 $16,788 5.42%
    Other Asian 5 $1,145,000 $229,000 $10,107 5.20%
    Asian Indian 1 $265,000 $265,000 $8,628 3.88%

    Approval Rates

    Total approvals of all applications
    97.69%

    Princeton Mortgage Corporation 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
    47.10%

    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 2,019 $625,875,000 $309,993

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,019 $625,875,000 $309,993

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $9,945,000 $187,642 $5,365 4.66%
    40-60% 162 $45,760,000 $282,469 $6,560 4.49%
    60-80% 582 $182,560,000 $313,677 $8,109 4.77%
    80-100% 1,176 $375,550,000 $319,345 $8,606 4.93%
    Over 100% 22 $11,380,000 $517,273 $22,192 4.45%
    Under 20% 24 $680,000 $28,333 $784 2.19%