Prudential Multifamily Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300RDGRWJXEQOEC49

Tax ID: 54-1561741

2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Prudential Multifamily Mortgage is a small mortgage company specializing in Cash Out Refi and Home Purchase loans. Prudential Multifamily Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Dallas, Chicago, San Francisco, and Phoenix among others. We have data for 71 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Prudential Multifamily Mortgage 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. 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 in 2021-- chances are they are still one in 2022.

    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 5.30% 8/6/22
    30 Year Conventional Refi 5.30% 8/6/22
    30 Year Cash-out Refi 5.30% 8/6/22
    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

    150

    Origination Dollar Volume (All Markets)

    $2,491,850,000

    Relative Rate

    Prudential Multifamily Mortgage 's average 30 year fixed rate mortgage of loans were 3.93%.

    The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

    This yields a difference of 0.78%.

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) » 29 $462,105,000 $15,934,655 $0 2.83%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) » 9 $321,825,000 $35,758,333 $0 3.11%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) » 3 $163,495,000 $54,498,333 $0 3.11%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) » 3 $123,385,000 $41,128,333 $0 3.04%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) » 3 $105,795,000 $35,265,000 $0 3.03%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) » 2 $97,550,000 $48,775,000 $0 3.10%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) » 4 $93,720,000 $23,430,000 $0 3.20%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) » 2 $82,610,000 $41,305,000 $0 2.68%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) » 4 $75,230,000 $18,807,500 $0 3.15%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) » 3 $61,305,000 $20,435,000 $0 3.80%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) » 3 $57,215,000 $19,071,667 $0 2.86%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) » 2 $53,580,000 $26,790,000 $0 2.86%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) » 4 $49,710,000 $12,427,500 $0 3.14%
    RALEIGH-CARY, NC (FHA|USDA|VA) » 1 $41,185,000 $41,185,000 $0 1.77%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) » 2 $41,000,000 $20,500,000 $0 3.13%
    LAFAYETTE, LA (FHA|USDA|VA) » 1 $39,515,000 $39,515,000 $0 3.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) » 3 $36,005,000 $12,001,667 $0 3.57%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) » 2 $33,130,000 $16,565,000 $0 3.64%
    PITTSBURGH, PA (FHA|USDA|VA) » 2 $32,250,000 $16,125,000 $0 3.18%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) » 5 $32,065,000 $6,413,000 $0 5.41%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) » 1 $26,045,000 $26,045,000 $0 2.79%
    SALEM, OR (FHA|USDA|VA) » 2 $25,360,000 $12,680,000 $0 3.00%
    JACKSON, MS (FHA|USDA|VA) » 2 $23,310,000 $11,655,000 $0 4.29%
    COLUMBIA, SC (FHA|USDA|VA) » 1 $21,055,000 $21,055,000 $0 4.50%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) » 3 $19,375,000 $6,458,333 $0 5.01%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) » 1 $18,755,000 $18,755,000 $0 3.14%
    ROCHESTER, NY (FHA|USDA|VA) » 1 $18,415,000 $18,415,000 $0 2.90%
    COLORADO SPRINGS, CO (FHA|USDA|VA) » 2 $15,930,000 $7,965,000 $0 3.09%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) » 1 $15,005,000 $15,005,000 $0 3.90%
    WAUSAU-WESTON, WI (FHA|USDA|VA) » 2 $13,910,000 $6,955,000 $0 3.17%
    KANSAS CITY, MO-KS (FHA|USDA|VA) » 2 $13,870,000 $6,935,000 $0 3.65%
    FRESNO, CA (FHA|USDA|VA) » 1 $13,835,000 $13,835,000 $0 3.23%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) » 2 $13,620,000 $6,810,000 $0 3.46%
    Farmington, MO (FHA|USDA|VA) » 1 $11,885,000 $11,885,000 $0 3.49%
    ABILENE, TX (FHA|USDA|VA) » 1 $11,765,000 $11,765,000 $0 2.87%
    GREELEY, CO (FHA|USDA|VA) » 1 $11,555,000 $11,555,000 $0 2.90%
    STOCKTON, CA (FHA|USDA|VA) » 1 $10,725,000 $10,725,000 $0 4.28%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) » 2 $9,580,000 $4,790,000 $0 4.14%
    LOGAN, UT-ID (FHA|USDA|VA) » 1 $9,515,000 $9,515,000 $0 3.25%
    PUEBLO, CO (FHA|USDA|VA) » 1 $9,295,000 $9,295,000 $0 3.84%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) » 1 $9,045,000 $9,045,000 $0 4.53%
    Centralia, WA (FHA|USDA|VA) » 1 $8,755,000 $8,755,000 $0 3.25%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) » 1 $8,425,000 $8,425,000 $0 3.81%
    WINSTON-SALEM, NC (FHA|USDA|VA) » 1 $8,395,000 $8,395,000 $0 2.93%
    SAVANNAH, GA (FHA|USDA|VA) » 1 $8,015,000 $8,015,000 $0 3.40%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) » 2 $7,950,000 $3,975,000 $0 2.68%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) » 1 $7,805,000 $7,805,000 $0 3.20%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) » 2 $7,510,000 $3,755,000 $0 4.36%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) » 1 $7,295,000 $7,295,000 $0 3.71%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) » 1 $7,195,000 $7,195,000 $0 5.85%
    EVANSVILLE, IN-KY (FHA|USDA|VA) » 1 $7,015,000 $7,015,000 $0 3.47%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) » 1 $6,895,000 $6,895,000 $0 3.40%
    DOTHAN, AL (FHA|USDA|VA) » 1 $6,665,000 $6,665,000 $0 4.59%
    SYRACUSE, NY (FHA|USDA|VA) » 1 $6,655,000 $6,655,000 $0 3.43%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) » 1 $6,395,000 $6,395,000 $0 5.86%
    APPLETON, WI (FHA|USDA|VA) » 1 $6,305,000 $6,305,000 $0 3.17%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) » 1 $6,015,000 $6,015,000 $0 3.75%
    RENO, NV (FHA|USDA|VA) » 1 $5,465,000 $5,465,000 $0 2.90%
    TOPEKA, KS (FHA|USDA|VA) » 1 $4,975,000 $4,975,000 $0 3.78%
    MODESTO, CA (FHA|USDA|VA) » 1 $4,325,000 $4,325,000 $0 4.28%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) » 1 $3,975,000 $3,975,000 $0 2.68%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) » 1 $3,915,000 $3,915,000 $0 5.47%
    Marion, OH (FHA|USDA|VA) » 1 $3,885,000 $3,885,000 $0 3.26%
    ST. GEORGE, UT (FHA|USDA|VA) » 1 $3,855,000 $3,855,000 $0 3.50%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) » 1 $3,505,000 $3,505,000 $0 3.60%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) » 1 $3,415,000 $3,415,000 $0 2.68%
    CARSON CITY, NV (FHA|USDA|VA) » 1 $3,225,000 $3,225,000 $0 5.47%
    YAKIMA, WA (FHA|USDA|VA) » 1 $3,045,000 $3,045,000 $0 2.68%
    HATTIESBURG, MS (FHA|USDA|VA) » 1 $2,875,000 $2,875,000 $0 4.05%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) » 1 $2,605,000 $2,605,000 $0 2.89%
    CORPUS CHRISTI, TX (FHA|USDA|VA) » 2 $970,000 $485,000 $0 5.32%

    Prudential Multifamily Mortgage 's top markets include Los Angeles, Dallas, Chicago, San Francisco, and Phoenix among others.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average Rate
    Conventional » 150 $2,491,850,000 $16,612,333 $0 3.41%

    For the 2021 period, Prudential Multifamily Mortgage 's most frequently originated loan type of loans were Conventional, with 150 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average Rate
    Cash Out Refi » 101 $1,634,435,000 $16,182,525 $0 3.36%
    Home Purchase » 40 $764,070,000 $19,101,750 $0 3.52%
    Refi » 9 $93,345,000 $10,371,667 $0 3.47%

    For the 2021, Prudential Multifamily Mortgage 's most frequently cited loan purpose of loans were Cash Out Refi, with 101 originations. The 2nd most popular reason of loans were Home Purchase, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year » 89 $1,624,385,000 $18,251,517 $0 3.04%
    Other » 45 $576,215,000 $12,804,778 $0 4.12%
    15 Year » 8 $122,090,000 $15,261,250 $0 3.19%
    30 Year » 6 $156,800,000 $26,133,333 $0 3.93%
    20 Year » 1 $3,855,000 $3,855,000 $0 3.50%
    5 Year » 1 $8,505,000 $8,505,000 $0 2.87%

    For the 2021, Prudential Multifamily Mortgage 's most frequently cited loan length of loans were 10 Year, with 89 originations. The 2nd most popular length of loans were Other, with 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% » 61 $1,041,365,000 $17,071,557
    2.5-3% » 56 $1,085,550,000 $19,384,821
    5-6% » 14 $65,000,000 $4,642,857
    4-5% » 13 $136,225,000 $10,478,846
    <2.5% » 6 $163,710,000 $27,285,000

    During 2021, Prudential Multifamily Mortgage 's average interest rate of loans were 3.93%, while their most frequently originated rate bucket of loans were 3-4%, with 61 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ » 148 $2,490,880,000 $16,830,270 $0 3.38%
    $400k-600k » 2 $970,000 $485,000 $0 5.32%

    2021 saw Prudential Multifamily Mortgage place emphasis on $1MM+ loans with 148 originations, totaling $2,490,880,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable » 150 $2,491,850,000 $16,612,333 $0 3.41%

    Approval Rates

    Total approvals of all applications
    100.00%

    Prudential Multifamily Mortgage 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
    88.00%

    Prudential Multifamily Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 150 $2,491,850,000 $16,612,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    » 150 $2,491,850,000 $16,612,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% » 5 $43,985,000 $8,797,000 $0 4.00%
    40-60% » 34 $579,520,000 $17,044,706 $0 2.88%
    60-80% » 89 $1,740,585,000 $19,557,135 $0 3.25%
    80-100% » 3 $34,925,000 $11,641,667 $0 3.94%
    Under 20% » 19 $92,835,000 $4,886,053 $0 4.85%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Partners for Payment Relief Other type of mortgage Trouble during payment process 1 100.0%