Primewest Mortgage Corporation Rates, Fees & Info

LUBBOCK, TX

LEI: 549300VXMJFLFFHNF289

Tax ID: 75-1744262

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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

    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 Denver among others. We have data for 58 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.

    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.

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    Originations

    1,588

    Origination Dollar Volume (All Markets)

    $335,430,000

    Awards

    PRIMEWEST MORTGAGE CORPORATION FHA Loans gold PRIMEWEST MORTGAGE CORPORATION 30 Year Conventional Loans bronze
    Show all (2) awards

    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) 801 $161,745,000 $201,929 $5,120 4.47%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 280 $70,100,000 $250,357 $5,324 4.31%
    MIDLAND, TX (FHA|USDA|VA) 111 $30,605,000 $275,721 $6,407 4.34%
    WICHITA FALLS, TX (FHA|USDA|VA) 116 $16,180,000 $139,483 $4,454 4.23%
    Outside of Metro Areas 91 $14,705,000 $161,593 $4,662 4.44%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 13 $4,065,000 $312,692 $4,362 4.21%
    ODESSA, TX (FHA|USDA|VA) 15 $3,605,000 $240,333 $8,055 4.51%
    Levelland, TX (FHA|USDA|VA) 19 $2,885,000 $151,842 $5,534 4.56%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 8 $2,370,000 $296,250 $8,458 4.39%
    Gainesville, TX (FHA|USDA|VA) 7 $2,245,000 $320,714 $5,127 3.75%
    Granbury, TX (FHA|USDA|VA) 7 $1,985,000 $283,571 $3,904 4.34%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 9 $1,695,000 $188,333 $4,622 4.50%
    SANTA FE, NM (FHA|USDA|VA) 5 $1,645,000 $329,000 $4,148 3.95%
    Mineral Wells, TX (FHA|USDA|VA) 4 $1,530,000 $382,500 $4,833 3.81%
    Plainview, TX (FHA|USDA|VA) 11 $1,475,000 $134,091 $4,592 4.34%
    Snyder, TX (FHA|USDA|VA) 7 $1,095,000 $156,429 $4,702 4.98%
    ABILENE, TX (FHA|USDA|VA) 7 $1,005,000 $143,571 $5,664 4.16%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $990,000 $247,500 $5,194 4.00%
    Ruidoso, NM (FHA|USDA|VA) 3 $875,000 $291,667 $3,954 3.96%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $775,000 $258,333 $5,145 4.08%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $760,000 $380,000 $6,325 4.00%
    Lamesa, TX (FHA|USDA|VA) 5 $715,000 $143,000 $6,020 5.40%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $705,000 $235,000 $4,572 3.75%
    Andrews, TX (FHA|USDA|VA) 4 $690,000 $172,500 $5,624 4.66%
    ALBUQUERQUE, NM (FHA|USDA|VA) 3 $685,000 $228,333 $6,199 4.29%
    Hobbs, NM (FHA|USDA|VA) 4 $680,000 $170,000 $5,339 4.56%
    Corsicana, TX (FHA|USDA|VA) 3 $655,000 $218,333 $4,228 3.79%
    BILLINGS, MT (FHA|USDA|VA) 3 $545,000 $181,667 $7,131 3.92%
    Edwards, CO (FHA|USDA|VA) 1 $515,000 $515,000 $3,440 3.63%
    WACO, TX (FHA|USDA|VA) 2 $510,000 $255,000 $3,705 4.06%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $505,000 $505,000 $10,004 3.88%
    Los Alamos, NM (FHA|USDA|VA) 2 $490,000 $245,000 $4,660 3.88%
    GREELEY, CO (FHA|USDA|VA) 1 $485,000 $485,000 $4,376 4.00%
    ROCKFORD, IL (FHA|USDA|VA) 3 $465,000 $155,000 $3,027 4.42%
    Taos, NM (FHA|USDA|VA) 1 $445,000 $445,000 $4,054 3.75%
    Breckenridge, CO (FHA|USDA|VA) 2 $420,000 $210,000 $0 4.81%
    SHEBOYGAN, WI (FHA|USDA|VA) 3 $365,000 $121,667 $4,895 4.54%
    Big Spring, TX (FHA|USDA|VA) 1 $355,000 $355,000 $4,943 4.00%
    Fredericksburg, TX (FHA|USDA|VA) 1 $335,000 $335,000 $4,969 4.50%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $330,000 $165,000 $4,138 4.50%
    FARMINGTON, NM (FHA|USDA|VA) 1 $315,000 $315,000 $3,438 3.88%
    Kalispell, MT (FHA|USDA|VA) 1 $265,000 $265,000 $8,064 4.00%
    MADISON, WI (FHA|USDA|VA) 1 $255,000 $255,000 $5,136 4.25%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $225,000 $225,000 $3,573 4.88%
    Las Vegas, NM (FHA|USDA|VA) 1 $225,000 $225,000 $7,735 4.25%
    AMARILLO, TX (FHA|USDA|VA) 2 $210,000 $105,000 $3,032 4.81%
    Bozeman, MT (FHA|USDA|VA) 1 $205,000 $205,000 $3,501 5.75%
    Brownwood, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,872 4.50%
    Vernon, TX (FHA|USDA|VA) 2 $190,000 $95,000 $3,820 4.44%
    Lufkin, TX (FHA|USDA|VA) 1 $185,000 $185,000 $8,615 4.75%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $165,000 $165,000 $6,814 4.13%
    EL PASO, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,941 4.63%
    Sweetwater, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,379 4.88%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,333 4.50%
    Platteville, WI (FHA|USDA|VA) 1 $105,000 $105,000 $3,386 4.13%
    Stephenville, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.38%
    Borger, TX (FHA|USDA|VA) 1 $85,000 $85,000 $2,537 5.13%
    LAWTON, OK (FHA|USDA|VA) 1 $65,000 $65,000 $4,064 4.63%
    Primewest Mortgage Corporation's top markets include Lubbock, Dallas, Midland, Wichita Falls, and Denver among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

    • 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.

    TEXOMA COMMUNITY CREDIT UNION
    Similarity Rank: 65
    My Community Credit Union
    Similarity Rank: 168
    UNION SQUARE
    Similarity Rank: 336
    CHEVRON
    Similarity Rank: 435
    AAXY L.L.C.
    Similarity Rank: 480
    Alliance Credit Union
    Similarity Rank: 494
    FC LENDING, LTD.
    Similarity Rank: 815
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 948
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1038
    Resource One Credit Union
    Similarity Rank: 1140

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,079 $245,785,000 $227,790 $4,473 4.39%
    FHA 407 $67,915,000 $166,867 $6,780 4.51%
    VA 90 $20,360,000 $226,222 $6,109 4.11%
    USDA 12 $1,370,000 $114,167 $4,667 4.10%

    For 2019, Primewest Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,079 originations. Their 2nd most popular type was FHA, with 407 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,256 $257,230,000 $204,801 $5,442 4.45%
    Refi 161 $43,045,000 $267,360 $3,992 3.95%
    Cash Out Refi 146 $30,120,000 $206,301 $4,467 4.52%
    Other 25 $5,035,000 $201,400 $4,879 4.37%

    For 2019, Primewest Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,256 originations. The 2nd most popular reason was Refi, with 161 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,378 $291,850,000 $211,792 $5,345 4.46%
    15 Year 174 $35,460,000 $203,793 $4,264 4.00%
    20 Year 25 $6,365,000 $254,600 $4,137 4.00%
    10 Year 6 $880,000 $146,667 $3,838 4.08%
    Other 5 $875,000 $175,000 $3,939 4.45%

    For 2019, Primewest Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,378 originations. The 2nd most popular length was 15 Year, with 174 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 888 $194,900,000 $219,482
    $<1k 471 $91,685,000 $194,660
    $2k-3k 72 $19,320,000 $268,333
    $3k-4k 37 $10,385,000 $280,676
    $4k-5k 17 $4,255,000 $250,294
    $5k+ 12 $4,350,000 $362,500

    Primewest Mortgage Corporation's average total fees were $5,345, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 888 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 797 $156,205,000 $195,991
    3-4% 551 $140,055,000 $254,183
    5-6% 209 $33,375,000 $159,689
    6-7% 23 $3,975,000 $172,826
    2.5-3% 6 $1,650,000 $275,000
    7-8% 2 $170,000 $85,000

    During 2019, Primewest Mortgage Corporation's average interest rate for loans was 4.46%, while their most frequently originated rate bucket for loans was 4-5%, with 797 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 644 $95,540,000 $148,354 $4,899 4.52%
    $200k-400k 582 $156,900,000 $269,588 $5,705 4.23%
    $100,000 or less 216 $16,250,000 $75,231 $3,722 4.70%
    $400k-600k 146 $66,740,000 $457,123 $6,209 4.09%

    2019 saw Primewest Mortgage Corporation place emphasis on $100k-200k loans with 644 originations, totaling $95,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 356 $86,280,000 $242,360 $5,512 4.35%
    $50k-75k 356 $55,570,000 $156,096 $5,094 4.49%
    $75k-100k 302 $59,560,000 $197,219 $5,349 4.42%
    $50k or less 229 $26,105,000 $113,996 $4,302 4.50%
    $150k-250k 212 $63,100,000 $297,642 $5,678 4.31%
    $250k+ 114 $39,270,000 $344,474 $5,298 4.29%

    Primewest Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 356 originations. The second most popular income band? $50k-75k, with 356 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 310 $65,650,000 $211,774 $4,681 4.35%
    30-36% 267 $55,605,000 $208,258 $4,712 4.34%
    50-60% 120 $22,080,000 $184,000 $7,010 4.45%
    <20% 77 $15,555,000 $202,013 $4,454 4.19%
    43% 75 $15,635,000 $208,467 $5,285 4.66%
    44% 74 $16,490,000 $222,838 $5,582 4.55%
    38% 68 $14,700,000 $216,176 $5,186 4.39%
    42% 61 $13,655,000 $223,852 $5,024 4.43%
    48% 60 $13,020,000 $217,000 $6,093 4.44%
    40% 60 $13,300,000 $221,667 $5,083 4.45%
    36% 59 $12,245,000 $207,542 $4,992 4.38%
    37% 56 $12,110,000 $216,250 $5,232 4.48%
    46% 56 $11,990,000 $214,107 $5,201 4.28%
    49% 53 $13,135,000 $247,830 $6,078 4.42%
    41% 52 $11,240,000 $216,154 $5,107 4.34%
    47% 49 $11,185,000 $228,265 $5,632 4.51%
    45% 44 $9,350,000 $212,500 $5,241 4.43%
    39% 44 $7,970,000 $181,136 $4,856 4.51%
    >60% 3 $515,000 $171,667 $3,918 4.21%

    Primewest Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 310 originations. The next most common DTI ratio? 30-36%, with 267 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,433 $303,885,000 $212,062 $5,181 4.39%
    Not provided 78 $15,780,000 $202,308 $5,277 4.51%
    Black 38 $7,570,000 $199,211 $6,019 4.52%
    Asian 27 $6,075,000 $225,000 $5,187 4.38%
    American Indian 10 $1,620,000 $162,000 $4,245 4.40%
    Native Hawaiian or Islander 2 $500,000 $250,000 $5,233 4.75%

    Approval Rates

    Total approvals of all applications
    95.81%

    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 origination
    77.71%

    Primewest Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,588 $335,430,000 $211,228

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,588 $335,430,000 $211,228

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $6,790,000 $161,667 $3,750 4.18%
    40-60% 109 $22,295,000 $204,541 $4,221 4.15%
    60-80% 403 $96,565,000 $239,615 $4,646 4.43%
    80-100% 1,004 $203,120,000 $202,311 $5,452 4.43%
    Over 100% 26 $6,390,000 $245,769 $9,425 4.18%
    Under 20% 4 $270,000 $67,500 $2,111 5.97%