Pgim Real Estate Finance Mortgage Rates, Fees & Info

Newark, NJ

LEI: B2S31CFVSWTN3FR00Q90

Tax ID: 22-3529425

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

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Mortgage Data

Review & Overview

Pgim 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
15 Year Conventional Refi 5.68% 5/28/23
15 Year Cash-out Refi 5.68% 5/28/23
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Pgim Real Estate Finance. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

56

Origination Dollar Volume (All Markets)

$3,360,640,000

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
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%
Pgim Real Estate Finance's top markets include Dallas, New York, Bridgeport, Raleigh, and Chicago among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 56 $3,360,640,000 $60,011,429 $0 3.78%

    For 2022, Pgim Real Estate Finance's most frequently originated type of loan was Conventional, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 28 $2,234,800,000 $79,814,286 $0 3.98%
    Home Purchase 23 $958,865,000 $41,689,783 $0 3.51%
    Home Improvement 3 $124,515,000 $41,505,000 $0 3.55%
    Cash Out Refi 2 $42,460,000 $21,230,000 $0 4.35%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 26 $1,119,670,000 $43,064,231 $0 3.51%
    3 Year 13 $1,550,565,000 $119,274,231 $0 3.79%
    10 Year 7 $262,725,000 $37,532,143 $0 4.16%
    5 Year 7 $338,465,000 $48,352,143 $0 4.42%
    15 Year 3 $89,215,000 $29,738,333 $0 3.65%

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 20 $1,066,000,000 $53,300,000
    3-4% 16 $1,136,000,000 $71,000,000
    2.5-3% 10 $468,550,000 $46,855,000
    <2.5% 6 $271,360,000 $45,226,667
    7-8% 2 $276,020,000 $138,010,000
    5-6% 1 $108,505,000 $108,505,000
    6-7% 1 $34,205,000 $34,205,000

    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 Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 56 $3,360,640,000 $60,011,429 $0 3.78%

    2022 saw Pgim Real Estate Finance place emphasis on $1MM+ loans with 56 originations, totaling $3,360,640,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 56 $3,360,640,000 $60,011,429 $0 3.78%

    Approval Rates

    Total approvals of all applications
    100.00%

    Pgim Real Estate Finance 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
    94.64%

    Pgim Real Estate Finance has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 56 $3,360,640,000 $60,011,429

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    56 $3,360,640,000 $60,011,429

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $183,285,000 $26,183,571 $0 3.91%
    40-60% 6 $218,500,000 $36,416,667 $0 4.11%
    60-80% 37 $2,549,495,000 $68,905,270 $0 3.83%
    80-100% 2 $319,840,000 $159,920,000 $0 3.77%
    Under 20% 4 $89,520,000 $22,380,000 $0 2.56%