Professional Consolidated Financial Group Mortgage Rates, Fees & Info

TEMPLE CITY, CA

LEI: 549300T3PE251I1FTX35

Tax ID: 95-4399912

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Oxnard, Santa Rosa, and San Diego among others. We have data for 6 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 a below average pick rate when compared to similar lenders. Professional Consolidated Financial Group is typically a low 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.

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    Originations

    109

    Origination Dollar Volume (All Markets)

    $44,865,000

    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) 92 $39,190,000 $425,978 $4,452 4.88%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $3,565,000 $324,091 $5,205 4.89%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $955,000 $318,333 $0 5.00%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $555,000 $555,000 $0 5.13%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,493 4.63%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.50%
    Professional Consolidated Financial Group's top markets include Los Angeles, Riverside, Oxnard, Santa Rosa, and San Diego among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against PROFESSIONAL CONSOLIDATED FINANCIAL GROUP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FRONTWAVE
    Similarity Rank: 92
    LBS FINANCIAL
    Similarity Rank: 210
    LA Financial Federal Credit Union
    Similarity Rank: 321
    Water and Power Community Credit Union
    Similarity Rank: 500
    Christian Community Credit Union
    Similarity Rank: 515
    PASADENA SERVICE FEDERAL CREDIT UNION
    Similarity Rank: 612
    ALTA VISTA CREDIT UNION
    Similarity Rank: 612
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 732
    VENTURA COUNTY
    Similarity Rank: 781
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 816

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $44,440,000 $411,481 $4,417 4.88%
    VA 1 $425,000 $425,000 $0 5.13%

    For 2018, Professional Consolidated Financial Group's most frequently originated type of loan was Conventional, with 108 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 63 $27,785,000 $441,032 $5,319 4.85%
    Cash Out Refi 34 $12,610,000 $370,882 $2,387 4.97%
    Refi 12 $4,470,000 $372,500 $0 4.81%

    For 2018, Professional Consolidated Financial Group's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 99 $41,635,000 $420,556 $4,607 4.94%
    15 Year 6 $1,780,000 $296,667 $1,190 4.23%
    Other 3 $1,125,000 $375,000 $5,552 4.75%
    20 Year 1 $325,000 $325,000 $0 4.13%

    For 2018, Professional Consolidated Financial Group's most frequently cited loan duration was 30 Year, with 99 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 74 $31,860,000 $430,541
    $2k-3k 8 $2,640,000 $330,000
    $3k-4k 4 $1,300,000 $325,000
    $5k+ 4 $1,080,000 $270,000
    $4k-5k 3 $1,145,000 $381,667
    $<1k 1 $425,000 $425,000

    Professional Consolidated Financial Group's average total fees were $4,607, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 74 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 72 $28,270,000 $392,639
    5-6% 34 $15,420,000 $453,529
    3-4% 3 $1,175,000 $391,667

    During 2018, Professional Consolidated Financial Group's average interest rate for loans was 4.94%, while their most frequently originated rate bucket for loans was 4-5%, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 60 $18,800,000 $313,333 $3,723 4.82%
    $400k-600k 39 $18,685,000 $479,103 $4,753 4.93%
    $600k-1MM 9 $6,365,000 $707,222 $7,599 5.03%
    $1MM+ 1 $1,015,000 $1,015,000 $0 5.50%

    2018 saw Professional Consolidated Financial Group place emphasis on $200k-400k loans with 60 originations, totaling $18,800,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 29 $13,845,000 $477,414 $5,692 4.97%
    $100k-150k 26 $10,400,000 $400,000 $5,149 4.81%
    $75k-100k 22 $8,500,000 $386,364 $3,521 4.85%
    $50k-75k 20 $6,240,000 $312,000 $3,182 4.82%
    $250k+ 8 $4,930,000 $616,250 $1,190 5.11%
    $50k or less 4 $950,000 $237,500 $0 4.91%

    Professional Consolidated Financial Group lent most frequently to those with incomes in the $150k-250k range, with 29 originations. The second most popular income band? $100k-150k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 17 $7,525,000 $442,647 $5,477 4.92%
    49% 15 $5,615,000 $374,333 $6,576 4.86%
    48% 10 $4,420,000 $442,000 $5,754 4.80%
    20-30% 9 $3,545,000 $393,889 $0 4.85%
    46% 7 $2,465,000 $352,143 $1,315 4.88%
    50-60% 6 $2,520,000 $420,000 $2,493 5.19%
    47% 6 $2,800,000 $466,667 $3,493 4.92%
    40% 6 $2,360,000 $393,333 $0 4.92%
    <20% 5 $2,975,000 $595,000 $1,190 5.15%
    38% 4 $1,460,000 $365,000 $4,857 5.13%
    37% 4 $1,290,000 $322,500 $5,301 4.63%
    42% 4 $1,770,000 $442,500 $0 4.97%
    39% 4 $1,780,000 $445,000 $0 4.69%
    43% 3 $1,305,000 $435,000 $0 4.63%
    44% 3 $915,000 $305,000 $0 4.92%
    36% 2 $770,000 $385,000 $5,142 4.31%
    45% 2 $770,000 $385,000 $0 4.94%
    41% 2 $580,000 $290,000 $0 4.87%

    Professional Consolidated Financial Group lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 49%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 88 $36,550,000 $415,341 $4,862 4.89%
    White 19 $7,535,000 $396,579 $3,415 4.88%
    Black 2 $780,000 $390,000 $0 4.69%

    Approval Rates

    Total approvals of all applications
    96.48%

    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
    74.31%

    Professional Consolidated Financial Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1240.0 1 $635,000 $635,000
    2285.0 2 $480,000 $240,000
    NA 106 $43,750,000 $412,736

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 109 $44,865,000 $411,606

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $2,810,000 $281,000 $5,301 4.64%
    40-60% 38 $13,790,000 $362,895 $3,510 4.88%
    60-80% 50 $23,620,000 $472,400 $4,865 4.96%
    80-100% 10 $4,340,000 $434,000 $5,800 4.79%
    Under 20% 1 $305,000 $305,000 $0 4.75%