Proper Rate Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300YAYQAARPBTRA72

Tax ID: 84-2904615

5 stars - out of 5 stars, based on 63 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Proper Rate is a small mortgage company specializing in Home Purchase and Refi loans. Proper Rate has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Chicago, Denver, Niles, Atlanta, and San Francisco among others. We have data for 99 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Proper Rate 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. Proper Rate 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.

    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 6.80% 11/26/22
    30 Year Conventional Refi 6.76% 11/26/22
    30 Year Cash-out Refi 6.93% 11/26/22
    30 Year FHA Purchase 7.66% 11/26/22
    30 Year FHA Refi 7.36% 11/26/22
    30 Year VA Purchase 6.56% 11/26/22
    30 Year VA Refi 6.26% 11/26/22
    15 Year Conventional Purchase 6.15% 11/26/22
    15 Year Conventional Refi 6.07% 11/26/22
    15 Year Cash-out Refi 6.07% 11/26/22
    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.


    Originations

    3,937

    Origination Dollar Volume (All Markets)

    $1,577,755,000

    Awards

    PROPER RATE 30 Year Conventional Loans bronze PROPER RATE 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    Proper Rate's average 30 year fixed mortgage rate was 3.03%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.12%.

    Relative Fees (Closing Costs)

    Proper Rate's average total fees/closing costs for a 30 year fixed rate mortgage were $4,411.

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3,478 $1,377,960,000 $396,193 $4,154 2.93%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 50 $28,550,000 $571,000 $3,320 3.02%
    NILES, MI (FHA|USDA|VA) 39 $12,085,000 $309,872 $3,195 3.08%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 19 $10,375,000 $546,053 $3,821 2.94%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 10 $9,940,000 $994,000 $3,670 3.05%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 16 $8,390,000 $524,375 $3,004 2.98%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 19 $8,355,000 $439,737 $3,325 3.01%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $6,635,000 $737,222 $7,293 2.86%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 11 $6,145,000 $558,636 $6,074 3.01%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $5,730,000 $409,286 $5,473 3.04%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 10 $4,850,000 $485,000 $5,479 3.02%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 11 $4,615,000 $419,545 $4,149 3.04%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 7 $4,385,000 $626,429 $4,187 2.96%
    Whitewater, WI (FHA|USDA|VA) 13 $3,995,000 $307,308 $3,344 2.93%
    BOULDER, CO (FHA|USDA|VA) 3 $3,735,000 $1,245,000 $3,359 3.33%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 11 $3,315,000 $301,364 $3,349 2.98%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $3,220,000 $536,667 $6,023 2.81%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 7 $3,045,000 $435,000 $2,643 2.89%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 11 $3,025,000 $275,000 $3,107 2.59%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $3,020,000 $377,500 $4,871 3.13%
    Outside of Metro Areas 11 $2,795,000 $254,091 $3,176 3.18%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $2,280,000 $380,000 $4,360 3.06%
    Holland, MI (FHA|USDA|VA) 6 $2,270,000 $378,333 $3,082 3.00%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 10 $2,220,000 $222,000 $2,500 2.80%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $2,200,000 $366,667 $4,811 3.00%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 6 $2,190,000 $365,000 $2,919 2.71%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,995,000 $399,000 $5,133 3.02%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,985,000 $661,667 $4,043 3.21%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $1,970,000 $328,333 $3,910 2.94%
    MADISON, WI (FHA|USDA|VA) 5 $1,805,000 $361,000 $2,655 3.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 6 $1,800,000 $300,000 $2,803 3.08%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,775,000 $591,667 $4,284 3.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $1,730,000 $865,000 $7,750 3.06%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 7 $1,685,000 $240,714 $3,083 2.96%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,640,000 $820,000 $7,499 2.94%
    JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,560,000 $390,000 $5,319 3.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $1,520,000 $380,000 $3,665 2.63%
    FORT COLLINS, CO (FHA|USDA|VA) 3 $1,515,000 $505,000 $2,902 3.12%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $1,515,000 $1,515,000 $4,563 2.88%
    ROCKFORD, IL (FHA|USDA|VA) 4 $1,350,000 $337,500 $2,992 2.84%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $1,160,000 $290,000 $3,471 3.16%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $1,065,000 $1,065,000 $5,180 2.88%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $1,015,000 $1,015,000 $4,089 2.75%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $945,000 $315,000 $2,425 2.50%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $935,000 $311,667 $3,322 3.00%
    PEORIA, IL (FHA|USDA|VA) 4 $910,000 $227,500 $2,746 2.69%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $885,000 $885,000 $3,807 3.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $795,000 $265,000 $3,941 3.13%
    WILMINGTON, NC (FHA|USDA|VA) 2 $770,000 $385,000 $0 3.50%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $740,000 $370,000 $3,530 2.88%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $735,000 $735,000 $5,236 3.25%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $735,000 $735,000 $4,875 3.13%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $725,000 $725,000 $5,977 2.99%
    COLUMBIA, MO (FHA|USDA|VA) 3 $715,000 $238,333 $1,965 3.00%
    TUCSON, AZ (FHA|USDA|VA) 2 $710,000 $355,000 $5,247 3.19%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $665,000 $221,667 $2,424 3.46%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $650,000 $325,000 $3,092 2.56%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $625,000 $625,000 $4,056 3.25%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $590,000 $295,000 $2,813 2.81%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $585,000 $585,000 $3,078 3.00%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $555,000 $555,000 $2,508 2.88%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $550,000 $275,000 $3,097 2.94%
    SALINAS, CA (FHA|USDA|VA) 1 $545,000 $545,000 $2,508 3.25%
    Ludington, MI (FHA|USDA|VA) 1 $545,000 $545,000 $3,293 3.25%
    Lake City, FL (FHA|USDA|VA) 1 $505,000 $505,000 $6,171 3.13%
    IOWA CITY, IA (FHA|USDA|VA) 1 $475,000 $475,000 $9,086 2.63%
    GREELEY, CO (FHA|USDA|VA) 1 $465,000 $465,000 $928 2.25%
    Traverse City, MI (FHA|USDA|VA) 1 $455,000 $455,000 $2,993 2.50%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $450,000 $225,000 $2,832 2.93%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $435,000 $435,000 $3,264 2.88%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $410,000 $205,000 $2,111 2.93%
    RACINE, WI (FHA|USDA|VA) 2 $400,000 $200,000 $2,821 2.81%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $385,000 $385,000 $2,659 2.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $385,000 $385,000 $8,819 2.38%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $365,000 $365,000 $4,073 3.00%
    Madison, IN (FHA|USDA|VA) 1 $355,000 $355,000 $2,884 2.38%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $355,000 $355,000 $3,843 3.00%
    BLOOMINGTON, IL (FHA|USDA|VA) 2 $350,000 $175,000 $2,659 2.75%
    COLUMBUS, OH (FHA|USDA|VA) 1 $345,000 $345,000 $2,374 2.88%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $305,000 $305,000 $2,368 2.25%
    Key West, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,161 2.50%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $285,000 $285,000 $2,268 2.99%
    Dayton, TN (FHA|USDA|VA) 1 $285,000 $285,000 $3,909 3.25%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $275,000 $275,000 $2,328 2.88%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $275,000 $275,000 $4,333 3.00%
    Shawano, WI (FHA|USDA|VA) 1 $255,000 $255,000 $2,903 3.25%
    Ottawa, IL (FHA|USDA|VA) 1 $245,000 $245,000 $5,316 3.13%
    Marquette, MI (FHA|USDA|VA) 1 $235,000 $235,000 $2,098 2.25%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,111 2.75%
    Rochelle, IL (FHA|USDA|VA) 1 $225,000 $225,000 $2,023 2.99%
    Cedartown, GA (FHA|USDA|VA) 1 $185,000 $185,000 $3,349 3.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,332 2.99%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.50%
    TYLER, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,614 3.13%
    Baraboo, WI (FHA|USDA|VA) 1 $145,000 $145,000 $3,132 3.63%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $145,000 $145,000 $3,348 2.00%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.88%
    DECATUR, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,541 2.99%
    TOLEDO, OH (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.38%
    Proper Rate's top markets include Chicago, Denver, Niles, Atlanta, and San Francisco among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Similar Lenders

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

    Edgewater Bank
    Similarity Rank: 44
    First Savings Bank of Hegewisch
    Similarity Rank: 45
    Liberty Bank for Savings
    Similarity Rank: 153
    Emory Alliance Credit Union
    Similarity Rank: 305
    Circle Federal Credit Union
    Similarity Rank: 377
    The Greenwood's State Bank
    Similarity Rank: 500
    OAK MORTGAGE, LLC
    Similarity Rank: 520
    NORTHWESTERN MUTUAL
    Similarity Rank: 670
    Credence Funding Corporation
    Similarity Rank: 707
    The Park Bank
    Similarity Rank: 819

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,849 $1,550,255,000 $402,768 $4,008 2.94%
    FHA 65 $18,365,000 $282,538 $9,278 2.93%
    VA 23 $9,135,000 $397,174 $6,567 2.83%

    For 2021, Proper Rate's most frequently originated type of loan was Conventional, with 3,849 originations. Their 2nd most popular type was FHA, with 65 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,089 $858,585,000 $411,003 $5,484 2.99%
    Refi 1,464 $581,550,000 $397,234 $2,414 2.83%
    Cash Out Refi 384 $137,620,000 $358,385 $2,882 3.08%

    For 2021, Proper Rate's most frequently cited loan purpose was Home Purchase, with 2,089 originations. The 2nd most popular reason was Refi, with 1,464 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,208 $1,364,110,000 $425,221 $4,411 3.03%
    15 Year 522 $151,930,000 $291,054 $2,851 2.45%
    20 Year 146 $44,200,000 $302,740 $2,525 2.82%
    10 Year 40 $8,690,000 $217,250 $2,311 2.34%
    Other 21 $8,825,000 $420,238 $2,453 2.83%

    For 2021, Proper Rate's most frequently cited loan duration was 30 Year, with 3,208 originations. The 2nd most popular length was 15 Year, with 522 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,451 $1,399,445,000 $405,519
    $2k-3k 126 $47,610,000 $377,857
    $3k-4k 58 $26,160,000 $451,034
    $5k+ 42 $26,820,000 $638,571
    $<1k 40 $12,200,000 $305,000
    $4k-5k 24 $11,420,000 $475,833

    Proper Rate's average total fees were $4,411, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,451 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,139 $902,205,000 $421,788
    3-4% 1,269 $499,665,000 $393,747
    <2.5% 506 $167,120,000 $330,277
    4-5% 23 $8,765,000 $381,087

    During 2021, Proper Rate's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,139 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,718 $508,750,000 $296,129 $3,909 2.93%
    $400k-600k 1,011 $492,305,000 $486,949 $4,296 2.95%
    $100k-200k 596 $93,530,000 $156,930 $3,622 2.94%
    $600k-1MM 427 $319,235,000 $747,623 $4,621 3.02%
    $1MM+ 124 $158,960,000 $1,281,935 $5,950 2.92%
    $100,000 or less 61 $4,975,000 $81,557 $3,229 2.79%

    2021 saw Proper Rate place emphasis on $200k-400k loans with 1,718 originations, totaling $508,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,164 $502,880,000 $432,027 $4,003 2.94%
    $100k-150k 939 $316,725,000 $337,300 $3,941 2.92%
    $250k+ 786 $506,680,000 $644,631 $4,258 2.92%
    $75k-100k 508 $140,630,000 $276,831 $4,200 2.98%
    $50k-75k 414 $91,070,000 $219,976 $4,400 2.96%
    $50k or less 121 $17,755,000 $146,736 $4,098 3.00%

    Proper Rate lent most frequently to those with incomes in the $150k-250k range, with 1,164 originations. The second most popular income band? $100k-150k, with 939 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,181 $477,625,000 $404,424 $3,871 2.91%
    30-36% 778 $339,990,000 $437,005 $4,173 2.96%
    <20% 485 $189,385,000 $390,485 $3,466 2.80%
    42% 143 $62,555,000 $437,448 $4,607 3.03%
    38% 131 $49,655,000 $379,046 $4,053 3.02%
    40% 128 $53,290,000 $416,328 $4,530 3.04%
    41% 128 $59,850,000 $467,578 $4,549 2.98%
    39% 124 $51,030,000 $411,532 $4,156 3.03%
    36% 121 $49,155,000 $406,240 $4,296 3.03%
    37% 114 $42,030,000 $368,684 $4,031 3.02%
    44% 107 $37,485,000 $350,327 $4,744 3.03%
    43% 93 $30,635,000 $329,409 $4,472 2.98%
    49% 86 $28,800,000 $334,884 $5,099 2.91%
    45% 83 $26,875,000 $323,795 $4,448 2.95%
    47% 75 $23,195,000 $309,267 $4,475 2.94%
    48% 65 $21,945,000 $337,615 $4,349 3.00%
    46% 62 $22,880,000 $369,032 $4,502 2.95%
    50-60% 27 $8,885,000 $329,074 $7,574 2.94%
    >60% 1 $475,000 $475,000 $4,297 3.63%

    Proper Rate lent most frequently to those with DTI ratios of 20-30%, with 1,181 originations. The next most common DTI ratio? 30-36%, with 778 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,130 $1,254,850,000 $400,911 $4,026 2.94%
    Not provided 451 $181,595,000 $402,650 $4,291 2.93%
    Asian 195 $81,045,000 $415,615 $4,540 2.93%
    Black 90 $30,670,000 $340,778 $4,862 2.99%
    Asian Indian 22 $10,500,000 $477,273 $5,129 2.84%
    American Indian 18 $5,640,000 $313,333 $4,086 2.99%
    Filipino 8 $3,570,000 $446,250 $4,516 2.95%
    Other Asian 7 $2,995,000 $427,857 $4,173 2.82%
    Korean 5 $2,195,000 $439,000 $5,255 2.80%
    Japanese 3 $1,945,000 $648,333 $5,214 3.62%
    Chinese 4 $1,370,000 $342,500 $5,263 3.03%
    Native Hawaiian or Islander 2 $920,000 $460,000 $4,367 3.18%
    Vietnamese 2 $460,000 $230,000 $2,391 2.38%

    Approval Rates

    Total approvals of all applications
    98.04%

    Proper Rate 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
    63.37%

    Proper Rate has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,937 $1,577,755,000 $400,751

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,937 $1,577,755,000 $400,751

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 149 $40,055,000 $268,826 $3,230 2.74%
    40-60% 566 $199,850,000 $353,092 $2,924 2.74%
    60-80% 1,815 $776,875,000 $428,030 $3,675 2.97%
    80-100% 1,391 $556,585,000 $400,133 $5,167 3.01%
    Over 100% 1 $705,000 $705,000 $28,521 2.75%
    Under 20% 15 $3,685,000 $245,667 $3,037 2.36%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PREFERRED MORTGAGE CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%