Prudential Multifamily Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300RDGRWJXEQOEC49
Tax ID: 54-1561741
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Mortgage Data
Review & Overview
Prudential Multifamily Mortgage is a mid-sized 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: San Francisco, Atlanta, Los Angeles, New York, and San Jose among others. We have data for 72 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 an above average pick rate when compared to similar lenders. They typically have about average rates.
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Originations
251Origination Dollar Volume (All Markets)
$5,653,875,000Top 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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 8 | $752,960,000 | $94,120,000 | $0 | 2.76% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 11 | $659,975,000 | $59,997,727 | $0 | 2.55% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 34 | $628,710,000 | $18,491,471 | $0 | 2.85% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 36 | $530,380,000 | $14,732,778 | $0 | 3.02% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $478,225,000 | $68,317,857 | $0 | 2.94% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 8 | $385,990,000 | $48,248,750 | $0 | 2.65% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 14 | $240,620,000 | $17,187,143 | $0 | 2.39% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $232,490,000 | $29,061,250 | $0 | 3.32% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $197,635,000 | $39,527,000 | $0 | 2.78% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $184,005,000 | $61,335,000 | $0 | 2.47% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $90,760,000 | $45,380,000 | $0 | 3.30% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $81,785,000 | $16,357,000 | $0 | 3.33% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $71,005,000 | $14,201,000 | $0 | 2.82% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $68,750,000 | $17,187,500 | $0 | 2.77% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 15 | $65,195,000 | $4,346,333 | $0 | 2.56% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 9 | $53,825,000 | $5,980,556 | $0 | 2.98% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $45,905,000 | $9,181,000 | $0 | 2.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $45,400,000 | $22,700,000 | $0 | 2.82% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $41,775,000 | $13,925,000 | $0 | 3.40% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $40,955,000 | $40,955,000 | $0 | 3.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $40,905,000 | $8,181,000 | $0 | 2.78% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $40,880,000 | $20,440,000 | $0 | 2.36% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $38,855,000 | $38,855,000 | $0 | 3.59% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $37,330,000 | $18,665,000 | $0 | 3.01% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $36,285,000 | $12,095,000 | $0 | 3.02% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $35,705,000 | $35,705,000 | $0 | 3.90% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $34,805,000 | $34,805,000 | $0 | 3.04% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $31,210,000 | $15,605,000 | $0 | 3.21% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $30,555,000 | $30,555,000 | $0 | 2.47% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $28,235,000 | $28,235,000 | $0 | 2.57% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $22,965,000 | $22,965,000 | $0 | 3.23% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $20,405,000 | $20,405,000 | $0 | 2.55% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $18,955,000 | $18,955,000 | $0 | 3.60% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $18,315,000 | $18,315,000 | $0 | 2.75% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $18,180,000 | $9,090,000 | $0 | 2.83% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $18,130,000 | $9,065,000 | $0 | 3.21% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $16,805,000 | $16,805,000 | $0 | 2.98% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $16,255,000 | $16,255,000 | $0 | 3.13% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $14,095,000 | $14,095,000 | $0 | 2.88% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $14,005,000 | $14,005,000 | $0 | 2.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $13,605,000 | $13,605,000 | $0 | 2.62% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $12,005,000 | $12,005,000 | $0 | 2.76% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $11,525,000 | $11,525,000 | $0 | 2.36% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $11,300,000 | $5,650,000 | $0 | 2.92% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $11,215,000 | $11,215,000 | $0 | 3.23% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $11,005,000 | $11,005,000 | $0 | 3.01% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $10,925,000 | $10,925,000 | $0 | 2.89% |
| CHICO, CA (FHA|USDA|VA) | 2 | $9,580,000 | $4,790,000 | $0 | 2.87% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $9,505,000 | $9,505,000 | $0 | 2.36% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $9,255,000 | $9,255,000 | $0 | 3.73% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $8,545,000 | $8,545,000 | $0 | 2.36% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $7,815,000 | $7,815,000 | $0 | 2.69% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $7,365,000 | $7,365,000 | $0 | 3.04% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $7,155,000 | $7,155,000 | $0 | 2.85% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $6,965,000 | $6,965,000 | $0 | 2.95% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $6,905,000 | $6,905,000 | $0 | 2.85% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $6,325,000 | $6,325,000 | $0 | 2.92% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $6,305,000 | $6,305,000 | $0 | 2.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $6,130,000 | $3,065,000 | $0 | 4.37% |
| Rock Springs, WY (FHA|USDA|VA) | 1 | $6,005,000 | $6,005,000 | $0 | 2.70% |
| Wauchula, FL (FHA|USDA|VA) | 1 | $5,635,000 | $5,635,000 | $0 | 2.95% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $4,745,000 | $4,745,000 | $0 | 3.12% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $4,355,000 | $4,355,000 | $0 | 2.96% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $4,255,000 | $4,255,000 | $0 | 3.01% |
| Storm Lake, IA (FHA|USDA|VA) | 1 | $4,205,000 | $4,205,000 | $0 | 3.12% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $4,155,000 | $4,155,000 | $0 | 3.01% |
| REDDING, CA (FHA|USDA|VA) | 1 | $3,785,000 | $3,785,000 | $0 | 2.63% |
| Outside of Metro Areas | 1 | $3,625,000 | $3,625,000 | $0 | 2.70% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $3,205,000 | $3,205,000 | $0 | 3.15% |
| RACINE, WI (FHA|USDA|VA) | 1 | $2,805,000 | $2,805,000 | $0 | 3.86% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $2,545,000 | $2,545,000 | $0 | 2.70% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $1,905,000 | $1,905,000 | $0 | 3.70% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 251 | $5,653,875,000 | $22,525,398 | $0 | 2.88% |
For 2020, Prudential Multifamily Mortgage's most frequently originated type of loan was Conventional, with 251 originations.
Loan Reason
For 2020, Prudential Multifamily Mortgage's most frequently cited loan purpose was Cash Out Refi, with 155 originations. The 2nd most popular reason was Home Purchase, with 61 originations.
Loan Duration/Length
For 2020, Prudential Multifamily Mortgage's most frequently cited loan duration was 10 Year, with 150 originations. The 2nd most popular length was Other, with 88 originations.
Interest Rates
During 2020, Prudential Multifamily Mortgage's average interest rate for loans was 3.86%, while their most frequently originated rate bucket for loans was 2.5-3%, with 132 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 249 | $5,652,335,000 | $22,700,141 | $0 | 2.88% |
| $600k-1MM | 2 | $1,540,000 | $770,000 | $0 | 2.13% |
2020 saw Prudential Multifamily Mortgage place emphasis on $1MM+ loans with 249 originations, totaling $5,652,335,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 251 | $5,653,875,000 | $22,525,398 | $0 | 2.88% |
Approval Rates
Total approvals of all applications100.00%
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 origination94.02%
Prudential Multifamily Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 251 | $5,653,875,000 | $22,525,398 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 251 | $5,653,875,000 | $22,525,398 |