Princeton Mortgage Corporation Rates, Fees & Info

Pennington, NJ

LEI: 549300QVGK8WC4HQ3C28

Tax ID: 22-2470496

3.8 stars - out of 5 stars, based on 63 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Princeton Mortgage Corporation is a small mortgage company specializing in Home Purchase and Refi loans. Princeton Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Pittsburgh, New York, Philadelphia, Washington, and Charleston among others. We have data for 132 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 an average 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 6.71% 10/3/22
    30 Year Conventional Refi 6.56% 10/3/22
    30 Year Cash-out Refi 6.78% 10/3/22
    30 Year FHA Purchase 7.52% 10/3/22
    30 Year FHA Refi 7.18% 10/3/22
    30 Year VA Purchase 6.38% 10/3/22
    30 Year VA Refi 5.89% 10/3/22
    15 Year Conventional Purchase 6.26% 10/3/22
    15 Year Conventional Refi 6.32% 10/3/22
    15 Year Cash-out Refi 6.32% 10/3/22
    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.


    Originations

    3,934

    Origination Dollar Volume (All Markets)

    $1,071,620,000
    Show all (6) awards

    Relative Rate

    Princeton Mortgage Corporation's average 30 year fixed mortgage rate was 3.11%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.04%.

    Relative Fees (Closing Costs)

    Princeton Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $6,065.

    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
    PITTSBURGH, PA (FHA|USDA|VA) 691 $148,005,000 $214,190 $6,078 2.99%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 394 $139,590,000 $354,289 $6,946 2.89%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 368 $98,150,000 $266,712 $5,867 2.96%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 182 $70,890,000 $389,505 $6,352 2.85%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 221 $68,645,000 $310,611 $4,672 3.15%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 205 $64,415,000 $314,220 $7,937 3.08%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 220 $52,450,000 $238,409 $3,158 3.06%
    Outside of Metro Areas 140 $31,210,000 $222,929 $6,006 3.12%
    ERIE, PA (FHA|USDA|VA) 167 $27,145,000 $162,545 $5,502 3.01%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 90 $26,250,000 $291,667 $5,439 2.96%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 102 $25,430,000 $249,314 $5,805 3.21%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 68 $24,220,000 $356,176 $3,743 3.03%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 73 $20,625,000 $282,534 $5,434 2.98%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 43 $19,995,000 $465,000 $5,454 2.96%
    COLUMBUS, OH (FHA|USDA|VA) 72 $16,290,000 $226,250 $5,518 3.04%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 66 $15,250,000 $231,061 $7,332 2.89%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 59 $14,295,000 $242,288 $4,203 3.13%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 31 $11,415,000 $368,226 $6,689 3.04%
    KNOXVILLE, TN (FHA|USDA|VA) 44 $10,830,000 $246,136 $5,780 3.32%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 34 $9,740,000 $286,471 $6,781 3.04%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 34 $9,270,000 $272,647 $5,991 3.23%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 30 $9,180,000 $306,000 $7,914 2.90%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 33 $8,965,000 $271,667 $5,778 3.19%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 34 $8,440,000 $248,235 $5,200 3.08%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 23 $8,005,000 $348,043 $5,505 3.17%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 30 $7,210,000 $240,333 $6,718 3.24%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 20 $6,820,000 $341,000 $3,687 2.89%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 25 $6,055,000 $242,200 $4,137 3.40%
    OCEAN CITY, NJ (FHA|USDA|VA) 24 $5,430,000 $226,250 $5,167 2.96%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 14 $5,370,000 $383,571 $9,180 2.89%
    YORK-HANOVER, PA (FHA|USDA|VA) 18 $4,500,000 $250,000 $8,378 2.85%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 14 $4,200,000 $300,000 $3,803 3.00%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 8 $3,930,000 $491,250 $4,905 2.92%
    STATE COLLEGE, PA (FHA|USDA|VA) 15 $3,005,000 $200,333 $7,232 2.93%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $2,980,000 $248,333 $5,389 2.92%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 13 $2,975,000 $228,846 $3,494 3.10%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 8 $2,930,000 $366,250 $10,495 3.09%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 10 $2,820,000 $282,000 $4,858 3.24%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 12 $2,800,000 $233,333 $5,835 2.96%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $2,570,000 $428,333 $4,174 2.67%
    JACKSONVILLE, FL (FHA|USDA|VA) 10 $2,520,000 $252,000 $5,582 2.99%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 7 $2,505,000 $357,857 $3,487 3.05%
    LANCASTER, PA (FHA|USDA|VA) 11 $2,445,000 $222,273 $7,213 3.01%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $2,415,000 $345,000 $4,073 2.91%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 10 $2,370,000 $237,000 $2,869 3.03%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $2,210,000 $552,500 $8,943 2.75%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 8 $2,040,000 $255,000 $4,632 3.20%
    AKRON, OH (FHA|USDA|VA) 13 $1,785,000 $137,308 $4,640 2.92%
    BOULDER, CO (FHA|USDA|VA) 4 $1,740,000 $435,000 $4,852 2.59%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $1,740,000 $217,500 $6,380 2.89%
    RALEIGH-CARY, NC (FHA|USDA|VA) 6 $1,730,000 $288,333 $5,221 2.87%
    BAKERSFIELD, CA (FHA|USDA|VA) 7 $1,725,000 $246,429 $4,835 2.86%
    READING, PA (FHA|USDA|VA) 6 $1,700,000 $283,333 $6,488 3.06%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 5 $1,585,000 $317,000 $3,589 3.32%
    SALISBURY, MD-DE (FHA|USDA|VA) 7 $1,585,000 $226,429 $5,778 2.88%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $1,515,000 $303,000 $6,158 2.70%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,485,000 $297,000 $7,916 3.12%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $1,395,000 $279,000 $6,007 2.98%
    LEBANON, PA (FHA|USDA|VA) 6 $1,390,000 $231,667 $7,152 2.88%
    ASHEVILLE, NC (FHA|USDA|VA) 7 $1,385,000 $197,857 $4,337 3.05%
    MORRISTOWN, TN (FHA|USDA|VA) 6 $1,250,000 $208,333 $5,303 3.27%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 8 $1,170,000 $146,250 $5,638 3.13%
    GREELEY, CO (FHA|USDA|VA) 3 $1,115,000 $371,667 $4,022 3.54%
    CLEVELAND, TN (FHA|USDA|VA) 6 $1,010,000 $168,333 $4,462 3.66%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $1,005,000 $201,000 $4,959 3.45%
    RICHMOND, VA (FHA|USDA|VA) 4 $960,000 $240,000 $2,919 2.84%
    SPARTANBURG, SC (FHA|USDA|VA) 4 $880,000 $220,000 $3,026 3.37%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $810,000 $405,000 $6,959 2.38%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $785,000 $261,667 $3,267 2.88%
    DOVER, DE (FHA|USDA|VA) 3 $775,000 $258,333 $7,632 3.29%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $755,000 $251,667 $3,614 2.83%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $685,000 $228,333 $5,316 3.38%
    GETTYSBURG, PA (FHA|USDA|VA) 2 $650,000 $325,000 $12,094 3.00%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $630,000 $315,000 $3,372 2.88%
    ROANOKE, VA (FHA|USDA|VA) 3 $605,000 $201,667 $2,828 2.92%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $600,000 $300,000 $4,136 2.93%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $600,000 $300,000 $10,880 3.00%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $595,000 $595,000 $11,543 2.88%
    HARRISONBURG, VA (FHA|USDA|VA) 3 $585,000 $195,000 $4,916 2.83%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $560,000 $280,000 $7,884 3.38%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $545,000 $545,000 $4,389 2.88%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $545,000 $545,000 $5,597 2.63%
    SALEM, OR (FHA|USDA|VA) 2 $540,000 $270,000 $6,247 3.13%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $525,000 $525,000 $9,874 3.13%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 2 $510,000 $255,000 $11,840 3.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $510,000 $255,000 $4,348 4.19%
    COLUMBIA, SC (FHA|USDA|VA) 2 $510,000 $255,000 $4,026 2.94%
    STOCKTON, CA (FHA|USDA|VA) 2 $510,000 $255,000 $4,857 2.81%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $480,000 $240,000 $6,521 3.19%
    ST. CLOUD, MN (FHA|USDA|VA) 2 $470,000 $235,000 $3,329 2.88%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $445,000 $148,333 $4,412 3.24%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $420,000 $210,000 $4,319 2.94%
    ALTOONA, PA (FHA|USDA|VA) 2 $420,000 $210,000 $8,256 2.94%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $400,000 $200,000 $6,673 3.18%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $400,000 $200,000 $4,800 2.56%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $390,000 $195,000 $2,780 2.94%
    MODESTO, CA (FHA|USDA|VA) 1 $375,000 $375,000 $7,547 2.75%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $375,000 $375,000 $2,534 2.75%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $365,000 $365,000 $4,328 3.25%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $345,000 $345,000 $2,532 2.88%
    ROCKFORD, IL (FHA|USDA|VA) 3 $335,000 $111,667 $2,209 3.29%
    EL CENTRO, CA (FHA|USDA|VA) 1 $325,000 $325,000 $4,801 3.38%
    PINE BLUFF, AR (FHA|USDA|VA) 1 $315,000 $315,000 $3,634 3.25%
    FLINT, MI (FHA|USDA|VA) 2 $310,000 $155,000 $2,732 2.94%
    ALBANY, GA (FHA|USDA|VA) 1 $305,000 $305,000 $4,027 3.00%
    WILMINGTON, NC (FHA|USDA|VA) 2 $290,000 $145,000 $5,290 2.81%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $275,000 $275,000 $3,282 3.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $275,000 $275,000 $4,014 2.99%
    Outside of Metro Areas 1 $265,000 $265,000 $3,338 2.88%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $260,000 $130,000 $5,170 3.19%
    ROCHESTER, MN (FHA|USDA|VA) 1 $255,000 $255,000 $3,956 2.88%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $255,000 $255,000 $7,067 3.13%
    OCALA, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,144 3.63%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $245,000 $245,000 $2,690 3.38%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $225,000 $225,000 $6,485 2.50%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,325 3.25%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $215,000 $215,000 $4,001 3.00%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $215,000 $215,000 $3,588 2.99%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $215,000 $215,000 $924 3.00%
    PUEBLO, CO (FHA|USDA|VA) 2 $210,000 $105,000 $3,469 3.31%
    FLORENCE, SC (FHA|USDA|VA) 1 $185,000 $185,000 $6,097 2.75%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $175,000 $175,000 $7,135 4.25%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $175,000 $175,000 $7,343 2.75%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $160,000 $80,000 $3,956 3.63%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $155,000 $155,000 $5,686 3.50%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $155,000 $155,000 $2,203 2.88%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $145,000 $145,000 $6,019 2.99%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $145,000 $145,000 $5,275 2.75%
    CHICO, CA (FHA|USDA|VA) 1 $135,000 $135,000 $5,470 3.13%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $135,000 $135,000 $2,903 3.25%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $75,000 $75,000 $5,484 3.25%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $55,000 $55,000 $4,761 3.50%

    Princeton Mortgage Corporation's top markets include Pittsburgh, New York, Philadelphia, Washington, and Charleston among others.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,574 $974,180,000 $272,574 $5,490 3.01%
    FHA 264 $62,310,000 $236,023 $8,591 3.14%
    VA 96 $35,130,000 $365,938 $10,036 2.79%

    For 2021, Princeton Mortgage Corporation's most frequently originated type of loan was Conventional, with 3,574 originations. Their 2nd most popular type was FHA, with 264 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,267 $625,405,000 $275,873 $6,431 3.10%
    Refi 1,146 $301,340,000 $262,949 $4,675 2.81%
    Cash Out Refi 494 $136,780,000 $276,883 $5,603 3.11%
    Home Improvement 27 $8,095,000 $299,815 $5,707 3.24%

    For 2021, Princeton Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,267 originations. The 2nd most popular reason was Refi, with 1,146 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,250 $908,970,000 $279,683 $6,065 3.11%
    15 Year 446 $105,320,000 $236,143 $4,617 2.46%
    20 Year 168 $41,500,000 $247,024 $4,681 2.83%
    10 Year 37 $8,085,000 $218,514 $3,764 2.37%
    Other 29 $7,715,000 $266,034 $5,405 3.02%
    3 Year 4 $30,000 $7,500 $6 0.00%

    For 2021, Princeton Mortgage Corporation's most frequently cited loan duration was 30 Year, with 3,250 originations. The 2nd most popular length was 15 Year, with 446 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,261 $339,645,000 $269,346
    $1k-2k 1,027 $261,385,000 $254,513
    $5k+ 654 $227,470,000 $347,813
    $2k-3k 364 $86,820,000 $238,516
    $3k-4k 334 $80,730,000 $241,707
    $4k-5k 282 $73,430,000 $260,390

    Princeton Mortgage Corporation's average total fees were $6,065, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,261 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,843 $531,805,000 $288,554
    3-4% 1,540 $397,430,000 $258,071
    <2.5% 471 $125,355,000 $266,146
    4-5% 79 $16,275,000 $206,013
    5-6% 1 $755,000 $755,000

    During 2021, Princeton Mortgage Corporation's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,843 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,005 $565,665,000 $282,127 $5,990 3.00%
    $100k-200k 1,174 $182,260,000 $155,247 $4,624 3.05%
    $400k-600k 540 $259,110,000 $479,833 $7,527 2.96%
    $100,000 or less 144 $11,280,000 $78,333 $3,729 3.10%
    $600k-1MM 64 $45,310,000 $707,969 $11,394 3.02%
    $1MM+ 7 $7,995,000 $1,142,143 $10,875 3.13%

    2021 saw Princeton Mortgage Corporation place emphasis on $200k-400k loans with 2,005 originations, totaling $565,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 915 $208,215,000 $227,557 $5,724 3.03%
    $100k-150k 882 $270,300,000 $306,463 $5,967 3.01%
    $75k-100k 698 $184,480,000 $264,298 $5,936 3.04%
    $150k-250k 626 $220,990,000 $353,019 $6,360 2.97%
    $50k or less 581 $96,765,000 $166,549 $4,947 3.04%
    $250k+ 205 $85,305,000 $416,122 $5,975 2.97%

    Princeton Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 915 originations. The second most popular income band? $100k-150k, with 882 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 778 $212,150,000 $272,686 $5,484 3.04%
    20-30% 762 $203,390,000 $266,916 $5,422 2.94%
    <20% 281 $74,185,000 $264,004 $4,878 2.86%
    43% 186 $51,170,000 $275,108 $5,870 3.08%
    42% 174 $49,060,000 $281,954 $6,096 3.08%
    44% 172 $47,790,000 $277,849 $6,099 3.08%
    40% 161 $45,805,000 $284,503 $6,435 3.07%
    38% 159 $44,165,000 $277,767 $5,866 3.08%
    41% 154 $42,920,000 $278,701 $6,151 3.05%
    39% 138 $36,570,000 $265,000 $6,024 3.05%
    36% 137 $37,165,000 $271,277 $5,990 3.07%
    37% 136 $37,730,000 $277,426 $5,984 3.07%
    49% 127 $33,675,000 $265,157 $6,753 3.08%
    48% 125 $35,295,000 $282,360 $5,858 3.00%
    46% 110 $30,620,000 $278,364 $6,284 3.01%
    47% 110 $29,210,000 $265,545 $5,937 3.10%
    45% 107 $28,225,000 $263,785 $6,133 3.02%
    50-60% 93 $24,995,000 $268,763 $8,249 3.04%
    >60% 5 $1,385,000 $277,000 $8,159 2.25%
    Exempt% 1 $495,000 $495,000 $6,143 2.25%

    Princeton Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 778 originations. The next most common DTI ratio? 20-30%, with 762 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,768 $760,560,000 $274,769 $5,689 3.04%
    Asian 685 $174,025,000 $254,051 $5,904 2.91%
    Black 187 $52,845,000 $282,594 $6,641 3.11%
    Not provided 149 $45,915,000 $308,154 $6,294 2.93%
    108 $29,190,000 $270,278 $6,218 3.06%
    American Indian 19 $4,395,000 $231,316 $5,120 3.18%
    Other Asian 8 $1,720,000 $215,000 $6,532 2.67%
    Asian Indian 4 $1,220,000 $305,000 $6,356 2.65%
    Native Hawaiian or Islander 4 $1,190,000 $297,500 $7,533 3.06%
    Japanese 1 $415,000 $415,000 $5,199 3.25%
    Vietnamese 1 $145,000 $145,000 $3,506 2.63%

    Approval Rates

    Total approvals of all applications
    97.49%

    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
    60.04%

    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 3,934 $1,071,620,000 $272,400

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,934 $1,071,620,000 $272,400

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 134 $25,730,000 $192,015 $4,025 2.71%
    40-60% 506 $125,930,000 $248,874 $4,443 2.81%
    60-80% 1,502 $413,690,000 $275,426 $5,528 3.03%
    80-100% 1,755 $493,935,000 $281,444 $6,418 3.10%
    Over 100% 28 $11,480,000 $410,000 $16,848 2.89%
    Under 20% 9 $855,000 $95,000 $2,749 1.64%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Prime Choice Funding Inc. Conventional home mortgage Closing on a mortgage 1 50.0%
    Prime Choice Funding Inc. VA mortgage Trouble during payment process 1 50.0%