Pgim Real Estate Finance Mortgage Rates, Fees & InfoNewark, NJ
Tax ID: 22-3529425
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewPgim Real Estate Finance is a mid-sized mortgage company specializing in Refi and Home Purchase loans. Pgim Real Estate Finance has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, New York, Bridgeport, Raleigh, and Chicago among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)
Pgim Real Estate Finance 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.
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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|Simulated Rate||Simulation Date|
|15 Year Conventional Refi||5.68%||9/25/23|
|15 Year Cash-out Refi||5.68%||9/25/23|
|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.|
Pgim Real Estate Finance Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$3,360,640,000
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|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||3||$546,875,000||$182,291,667||$0||3.04%|
|New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA)||6||$296,330,000||$49,388,333||$0||3.52%|
|BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA)||1||$277,505,000||$277,505,000||$0||4.35%|
|RALEIGH-CARY, NC (FHA|USDA|VA)||1||$237,795,000||$237,795,000||$0||7.75%|
|Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)||2||$187,720,000||$93,860,000||$0||4.51%|
|Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)||4||$169,520,000||$42,380,000||$0||3.54%|
|PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA)||5||$166,245,000||$33,249,000||$0||4.12%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||2||$146,510,000||$73,255,000||$0||2.35%|
|Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA)||4||$133,360,000||$33,340,000||$0||3.82%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||1||$128,415,000||$128,415,000||$0||3.41%|
|CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA)||1||$108,505,000||$108,505,000||$0||5.87%|
|ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)||2||$97,010,000||$48,505,000||$0||3.64%|
|BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA)||1||$85,005,000||$85,005,000||$0||3.04%|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||2||$64,010,000||$32,005,000||$0||4.69%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||1||$62,005,000||$62,005,000||$0||4.05%|
|LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)||1||$60,755,000||$60,755,000||$0||2.85%|
|JACKSONVILLE, FL (FHA|USDA|VA)||2||$58,210,000||$29,105,000||$0||4.70%|
|Detroit-Warren-Dearborn, MI (FHA|USDA|VA)||1||$55,255,000||$55,255,000||$0||4.48%|
|SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)||1||$49,005,000||$49,005,000||$0||3.30%|
|DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA)||2||$48,170,000||$24,085,000||$0||2.56%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||1||$46,005,000||$46,005,000||$0||2.97%|
|SALT LAKE CITY, UT (FHA|USDA|VA)||1||$42,335,000||$42,335,000||$0||3.18%|
|MOBILE, AL (FHA|USDA|VA)||2||$41,350,000||$20,675,000||$0||2.56%|
|DURHAM-CHAPEL HILL, NC (FHA|USDA|VA)||1||$38,225,000||$38,225,000||$0||7.37%|
|ST. LOUIS, MO-IL (FHA|USDA|VA)||1||$33,155,000||$33,155,000||$0||4.35%|
|RENO, NV (FHA|USDA|VA)||1||$32,755,000||$32,755,000||$0||4.75%|
|ROANOKE, VA (FHA|USDA|VA)||1||$31,855,000||$31,855,000||$0||4.35%|
|SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)||1||$27,005,000||$27,005,000||$0||4.82%|
|MACON-BIBB COUNTY, GA (FHA|USDA|VA)||1||$27,005,000||$27,005,000||$0||2.30%|
|MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)||1||$26,735,000||$26,735,000||$0||3.98%|
|PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA)||1||$24,105,000||$24,105,000||$0||2.25%|
|MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA)||1||$11,905,000||$11,905,000||$0||1.85%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Pgim Real Estate Finance's most frequently originated type of loan was Conventional, with 56 originations.
For 2022, Pgim Real Estate Finance's most frequently cited loan purpose was Refi, with 28 originations. The 2nd most popular reason was Home Purchase, with 23 originations.
For 2022, Pgim Real Estate Finance's most frequently cited loan duration was Other, with 26 originations. The 2nd most popular length was 3 Year, with 13 originations.
During 2022, Pgim Real Estate Finance's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 20 originations.
|Loan Size||Originations||Total Value||Average Loan||Average Fees||Average Rate|
2022 saw Pgim Real Estate Finance place emphasis on $1MM+ loans with 56 originations, totaling $3,360,640,000 in origination value.
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
Pgim Real Estate Finance has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Pgim Real Estate Finance has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
Occupancy Type Mix
|Dwelling Type||Originations||Total Value||Average Loan|