Professional Consolidated Financial Group Mortgage Rates, Fees & Info

TEMPLE CITY, CA

LEI: 549300T3PE251I1FTX35

Tax ID: 95-4399912

1 stars - Updated: 2/19/24 - out of 5 stars, based on 8 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Professional Consolidated Financial Group is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Professional Consolidated Financial Group has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, and Fresno among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Professional Consolidated Financial Group 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. Professional Consolidated Financial Group 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.

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 5.98% 2/19/24
30 Year Conventional Refi 6.03% 2/19/24
30 Year Cash-out Refi 6.05% 2/19/24
15 Year Conventional Refi 4.89% 2/19/24
15 Year Cash-out Refi 4.89% 2/19/24
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.

Professional Consolidated Financial Group Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Professional Consolidated Financial Group. 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

68

Origination Dollar Volume (All Markets)

$36,680,000

Relative Rate

Professional Consolidated Financial Group's average 30 year fixed mortgage rate was 5.45%.

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

This yields a difference of 0.69%.

Relative Fees (Closing Costs)

Professional Consolidated Financial Group's average total fees/closing costs for a 30 year fixed rate mortgage were $29,752.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 55 $31,625,000 $575,000 $20,246 5.30%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $4,405,000 $400,455 $0 5.49%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $435,000 $435,000 $0 5.00%
FRESNO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.00%
Professional Consolidated Financial Group's top markets include Los Angeles, Riverside, San Diego, and Fresno among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $36,680,000 $539,412 $20,246 5.31%

    For 2022, Professional Consolidated Financial Group's most frequently originated type of loan was Conventional, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $22,415,000 $574,744 $29,752 5.54%
    Cash Out Refi 17 $8,265,000 $486,176 $0 5.19%
    Refi 12 $6,000,000 $500,000 $1,234 4.74%

    For 2022, Professional Consolidated Financial Group's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 63 $34,845,000 $553,095 $29,752 5.45%
    15 Year 4 $1,370,000 $342,500 $1,234 3.13%
    Other 1 $465,000 $465,000 $0 4.88%

    For 2022, Professional Consolidated Financial Group's most frequently cited loan duration was 30 Year, with 63 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 10 $4,510,000 $451,000
    $5k+ 6 $4,050,000 $675,000
    $2k-3k 2 $740,000 $370,000
    $4k-5k 2 $1,040,000 $520,000
    $3k-4k 1 $365,000 $365,000

    Professional Consolidated Financial Group's average total fees were $29,752, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 10 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 20 $10,680,000 $534,000
    4-5% 16 $8,480,000 $530,000
    6-7% 14 $7,780,000 $555,714
    3-4% 9 $5,175,000 $575,000
    7-8% 5 $2,185,000 $437,000
    2.5-3% 3 $765,000 $255,000
    Over 8% 1 $1,615,000 $1,615,000

    During 2022, Professional Consolidated Financial Group's average interest rate for loans was 5.45%, while their most frequently originated rate bucket for loans was 5-6%, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 27 $13,325,000 $493,519 $0 5.51%
    $600k-1MM 22 $15,950,000 $725,000 $18,901 5.29%
    $200k-400k 14 $4,130,000 $295,000 $1,234 5.00%
    $100k-200k 3 $505,000 $168,333 $0 4.63%
    $1MM+ 2 $2,770,000 $1,385,000 $40,603 6.00%

    2022 saw Professional Consolidated Financial Group place emphasis on $400k-600k loans with 27 originations, totaling $13,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 22 $11,520,000 $523,636 $0 5.47%
    $250k+ 17 $12,945,000 $761,471 $29,752 5.74%
    $100k-150k 14 $7,650,000 $546,429 $0 5.44%
    $75k-100k 9 $3,065,000 $340,556 $0 4.69%
    $50k-75k 4 $980,000 $245,000 $0 4.44%
    $50k or less 1 $165,000 $165,000 $0 3.88%

    Professional Consolidated Financial Group lent most frequently to those with incomes in the $150k-250k range, with 22 originations. The second most popular income band? $250k+, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 11 $4,285,000 $389,545 $0 4.89%
    49% 8 $3,460,000 $432,500 $0 5.88%
    43% 6 $4,290,000 $715,000 $0 5.17%
    20-30% 6 $2,970,000 $495,000 $18,901 5.90%
    45% 6 $3,660,000 $610,000 $0 5.42%
    44% 5 $3,685,000 $737,000 $0 5.63%
    41% 4 $2,410,000 $602,500 $1,234 4.50%
    47% 4 $2,440,000 $610,000 $0 5.63%
    48% 4 $2,310,000 $577,500 $0 5.03%
    42% 3 $1,555,000 $518,333 $0 4.88%
    <20% 3 $2,185,000 $728,333 $40,603 6.42%
    46% 2 $820,000 $410,000 $0 5.38%
    36% 2 $660,000 $330,000 $0 5.00%
    38% 1 $475,000 $475,000 $0 5.50%
    37% 1 $505,000 $505,000 $0 3.88%
    40% 1 $415,000 $415,000 $0 5.13%
    39% 1 $555,000 $555,000 $0 3.50%

    Professional Consolidated Financial Group lent most frequently to those with DTI ratios of 30-36%, with 11 originations. The next most common DTI ratio? 49%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 60 $33,210,000 $553,500 $20,919 5.41%
    White 7 $3,105,000 $443,571 $18,901 4.77%
    Not provided 1 $365,000 $365,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    100.00%

    Professional Consolidated Financial Group 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
    95.59%

    Professional Consolidated Financial Group has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $465,000 $465,000
    10060.0 1 $555,000 $555,000
    10689.69 1 $615,000 $615,000
    13993.75 1 $705,000 $705,000
    1495.0 1 $745,000 $745,000
    15115.0 1 $695,000 $695,000
    1595.0 1 $555,000 $555,000
    16928.75 1 $935,000 $935,000
    1735.0 12 $5,550,000 $462,500
    2040.0 1 $605,000 $605,000
    2285.0 1 $215,000 $215,000
    2320.0 1 $515,000 $515,000
    2335.0 2 $610,000 $305,000
    2435.0 1 $855,000 $855,000
    2448.25 1 $285,000 $285,000
    2460.0 1 $165,000 $165,000
    2485.0 1 $835,000 $835,000
    2535.0 1 $255,000 $255,000
    2679.06 1 $755,000 $755,000
    2906.88 1 $185,000 $185,000
    2960.0 1 $455,000 $455,000
    2985.0 1 $255,000 $255,000
    3235.0 2 $610,000 $305,000
    3310.0 1 $635,000 $635,000
    3366.25 1 $435,000 $435,000
    3370.0 1 $405,000 $405,000
    3585.0 1 $255,000 $255,000
    3680.0 1 $485,000 $485,000
    3865.0 1 $585,000 $585,000
    4052.5 1 $465,000 $465,000
    4162.0 1 $645,000 $645,000
    4528.75 1 $555,000 $555,000
    4563.75 1 $365,000 $365,000
    4610.0 1 $1,155,000 $1,155,000
    4630.0 1 $575,000 $575,000
    5147.5 1 $685,000 $685,000
    5297.5 1 $715,000 $715,000
    5485.0 1 $755,000 $755,000
    5515.0 1 $605,000 $605,000
    5567.5 1 $515,000 $515,000
    5660.0 1 $435,000 $435,000
    5860.0 1 $555,000 $555,000
    600.0 1 $505,000 $505,000
    6085.0 1 $875,000 $875,000
    6167.5 1 $885,000 $885,000
    6312.13 1 $365,000 $365,000
    6330.63 1 $615,000 $615,000
    6425.0 1 $265,000 $265,000
    7385.0 1 $505,000 $505,000
    7535.0 1 $585,000 $585,000
    9475.0 1 $775,000 $775,000
    9735.0 1 $405,000 $405,000
    NA 3 $2,655,000 $885,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    68 $36,680,000 $539,412

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $2,390,000 $298,750 $1,234 4.63%
    40-60% 13 $5,925,000 $455,769 $0 5.11%
    60-80% 40 $23,760,000 $594,000 $40,603 5.52%
    80-100% 7 $4,605,000 $657,857 $18,901 5.29%