Primewest Mortgage Corporation Rates, Fees & Info
LUBBOCK, TXLEI: 549300VXMJFLFFHNF289
Tax ID: 75-1744262
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Mortgage Data
Review & Overview
Primewest Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Primewest 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: Lubbock, Dallas, Midland, Wichita Falls, and Odessa among others. We have data for 53 markets. (Some data included below & more in-depth data is available with an active subscription.)Primewest 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. Primewest Mortgage Corporation is typically an average 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.
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Originations
1,848Origination Dollar Volume (All Markets)
$345,740,000Awards
PRIMEWEST MORTGAGE CORPORATION - 2018
PRIMEWEST MORTGAGE CORPORATION is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| LUBBOCK, TX (FHA|USDA|VA) | 919 | $167,185,000 | $181,921 | $4,736 | 4.95% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 270 | $60,190,000 | $222,926 | $5,671 | 4.95% |
| MIDLAND, TX (FHA|USDA|VA) | 176 | $41,770,000 | $237,330 | $5,923 | 5.07% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 209 | $26,645,000 | $127,488 | $4,314 | 4.72% |
| Outside of Metro Areas | 88 | $13,840,000 | $157,273 | $4,855 | 4.95% |
| ODESSA, TX (FHA|USDA|VA) | 22 | $4,570,000 | $207,727 | $6,524 | 4.86% |
| Levelland, TX (FHA|USDA|VA) | 22 | $3,410,000 | $155,000 | $5,055 | 5.01% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $2,265,000 | $453,000 | $11,064 | 4.93% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 9 | $2,105,000 | $233,889 | $6,583 | 4.93% |
| Andrews, TX (FHA|USDA|VA) | 9 | $2,055,000 | $228,333 | $7,846 | 5.36% |
| ABILENE, TX (FHA|USDA|VA) | 11 | $1,625,000 | $147,727 | $4,962 | 5.05% |
| Mineral Wells, TX (FHA|USDA|VA) | 5 | $1,565,000 | $313,000 | $4,838 | 4.48% |
| Plainview, TX (FHA|USDA|VA) | 13 | $1,545,000 | $118,846 | $4,545 | 4.79% |
| Snyder, TX (FHA|USDA|VA) | 7 | $1,165,000 | $166,429 | $4,416 | 4.61% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $4,828 | 5.43% |
| AMARILLO, TX (FHA|USDA|VA) | 6 | $1,000,000 | $166,667 | $4,807 | 5.15% |
| Granbury, TX (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $7,105 | 4.67% |
| Ruidoso, NM (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $2,896 | 5.28% |
| Lamesa, TX (FHA|USDA|VA) | 7 | $865,000 | $123,571 | $4,626 | 5.07% |
| Hobbs, NM (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $7,843 | 4.83% |
| TYLER, TX (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $12,285 | 5.38% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $3,955 | 4.81% |
| Sweetwater, TX (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $8,001 | 5.00% |
| Big Spring, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $7,843 | 5.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $4,561 | 4.53% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $3,595 | 4.97% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,890 | 6.50% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 5.50% |
| Ardmore, OK (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,303 | 4.69% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,750 | 5.13% |
| SAN ANGELO, TX (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,758 | 4.69% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 6.13% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,431 | 5.13% |
| Durant, OK (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,789 | 5.00% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,687 | 4.38% |
| Clovis, NM (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,191 | 5.13% |
| Corsicana, TX (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,029 | 4.94% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,416 | 5.38% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,877 | 4.75% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,764 | 3.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,628 | 5.25% |
| WACO, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,540 | 4.88% |
| Dumas, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,286 | 4.63% |
| Taos, NM (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,795 | 4.88% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,767 | 4.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $6,713 | 4.56% |
| Hereford, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,638 | 5.50% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,048 | 5.25% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,794 | 5.13% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,621 | 4.75% |
| Borger, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,098 | 6.13% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,900 | 4.25% |
| Portales, NM (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $5,940 | 5.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against PRIMEWEST MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Primewest Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,066 originations. Their 2nd most popular type was FHA, with 610 originations.
Loan Reason
For 2018, Primewest Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,665 originations. The 2nd most popular reason was Cash Out Refi, with 105 originations.
Loan Duration/Length
For 2018, Primewest Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,666 originations. The 2nd most popular length was 15 Year, with 149 originations.
Origination Fees/Closing Costs
Primewest Mortgage Corporation's average total fees were $5,111, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,383 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,141 | $217,775,000 | $190,863 |
| 5-6% | 555 | $98,455,000 | $177,396 |
| 3-4% | 85 | $16,995,000 | $199,941 |
| 6-7% | 66 | $12,110,000 | $183,485 |
| 7-8% | 1 | $405,000 | $405,000 |
During 2018, Primewest Mortgage Corporation's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 4-5%, with 1,141 originations.
Loan Sizing
2018 saw Primewest Mortgage Corporation place emphasis on $100k-200k loans with 922 originations, totaling $135,990,000 in origination value.
Applicant Income
Primewest Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 481 originations. The second most popular income band? $100k-150k, with 379 originations.
Applicant Debt to Income Ratio
Primewest Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 310 originations. The next most common DTI ratio? 20-30%, with 269 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.86%
Primewest Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination77.33%
Primewest Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,848 | $345,740,000 | $187,089 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,848 | $345,740,000 | $187,089 |