Princeton Mortgage Corporation Rates, Fees & Info
Pennington, NJLEI: 549300QVGK8WC4HQ3C28
Tax ID: 22-2470496
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.80% | 4/14/24 |
| 30 Year Conventional Refi | 6.40% | 4/14/24 |
| 30 Year Cash-out Refi | 6.79% | 4/14/24 |
| 30 Year FHA Purchase | 7.47% | 4/14/24 |
| 30 Year FHA Refi | 6.59% | 4/14/24 |
| 30 Year VA Purchase | 6.42% | 4/14/24 |
| 30 Year VA Refi | 5.89% | 4/14/24 |
| 30 Year USDA Purchase | 6.82% | 4/14/24 |
| 30 Year USDA Refi | 6.27% | 4/14/24 |
| 15 Year Conventional Purchase | 6.39% | 4/14/24 |
| 15 Year Conventional Refi | 6.15% | 4/14/24 |
| 15 Year Cash-out Refi | 6.15% | 4/14/24 |
| 15 Year FHA Refi | 5.68% | 4/14/24 |
| 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
1,045Origination Dollar Volume (All Markets)
$325,675,000Awards
Princeton Mortgage Corporation - 2023
Princeton Mortgage Corporation is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
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
2023 saw Princeton Mortgage Corporation place emphasis on $200k-400k loans with 521 originations, totaling $150,935,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.22%
Princeton Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination48.42%
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 |