Pgim Real Estate Finance Mortgage Rates, Fees & Info
Newark, NJLEI: B2S31CFVSWTN3FR00Q90
Tax ID: 22-3529425
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Mortgage Data
Review & Overview
Pgim Real Estate Finance is a mid-sized mortgage company specializing in Home Purchase and Refi loans. Pgim Real Estate Finance has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Seattle, San Francisco, Baltimore, and Atlanta among others. We have data for 38 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% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 11/17/24 |
| 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.
Originations
119Origination Dollar Volume (All Markets)
$4,768,075,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $586,610,000 | $73,326,250 | $0 | 3.95% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 13 | $555,815,000 | $42,755,000 | $0 | 3.88% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $359,260,000 | $89,815,000 | $0 | 3.90% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $330,160,000 | $165,080,000 | $0 | 3.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 13 | $257,365,000 | $19,797,308 | $0 | 6.54% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $255,690,000 | $127,845,000 | $0 | 3.87% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $233,530,000 | $38,921,667 | $0 | 3.81% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $199,695,000 | $28,527,857 | $0 | 4.54% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $186,315,000 | $26,616,429 | $0 | 3.98% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $186,265,000 | $62,088,333 | $0 | 3.15% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $145,240,000 | $24,206,667 | $0 | 5.56% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $137,780,000 | $68,890,000 | $0 | 4.18% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $129,005,000 | $129,005,000 | $0 | 3.56% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $123,950,000 | $30,987,500 | $0 | 5.98% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $119,015,000 | $39,671,667 | $0 | 3.62% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $112,285,000 | $37,428,333 | $0 | 4.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $105,005,000 | $105,005,000 | $0 | 4.70% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $87,005,000 | $87,005,000 | $0 | 4.18% |
| ROCHESTER, NY (FHA|USDA|VA) | 6 | $78,890,000 | $13,148,333 | $0 | 4.54% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $75,005,000 | $75,005,000 | $0 | 4.11% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $51,005,000 | $51,005,000 | $0 | 4.80% |
| SYRACUSE, NY (FHA|USDA|VA) | 4 | $45,440,000 | $11,360,000 | $0 | 5.60% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $42,505,000 | $42,505,000 | $0 | 4.30% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $42,125,000 | $14,041,667 | $0 | 3.86% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $36,655,000 | $36,655,000 | $0 | 4.54% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $36,505,000 | $36,505,000 | $0 | 3.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $34,505,000 | $34,505,000 | $0 | 3.55% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $33,475,000 | $11,158,333 | $0 | 4.11% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $29,060,000 | $14,530,000 | $0 | 4.35% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $24,505,000 | $24,505,000 | $0 | 4.30% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $22,505,000 | $22,505,000 | $0 | 4.44% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $20,505,000 | $20,505,000 | $0 | 4.30% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $20,125,000 | $20,125,000 | $0 | 3.92% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $17,905,000 | $17,905,000 | $0 | 3.57% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $17,895,000 | $17,895,000 | $0 | 3.92% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $14,825,000 | $14,825,000 | $0 | 4.04% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $7,505,000 | $7,505,000 | $0 | 4.30% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $7,145,000 | $7,145,000 | $0 | 4.60% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 119 | $4,768,075,000 | $40,067,857 | $0 | 4.49% |
For 2019, Pgim Real Estate Finance's most frequently originated type of loan was Conventional, with 119 originations.
Loan Reason
For 2019, Pgim Real Estate Finance's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Refi, with 48 originations.
Loan Duration/Length
For 2019, Pgim Real Estate Finance's most frequently cited loan duration was 10 Year, with 36 originations. The 2nd most popular length was Other, with 31 originations.
Interest Rates
During 2019, Pgim Real Estate Finance's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 64 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 116 | $4,765,390,000 | $41,080,948 | $0 | 4.37% |
| $600k-1MM | 3 | $2,685,000 | $895,000 | $0 | 8.95% |
2019 saw Pgim Real Estate Finance place emphasis on $1MM+ loans with 116 originations, totaling $4,765,390,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 119 | $4,768,075,000 | $40,067,857 | $0 | 4.49% |
Approval Rates
Total approvals of all applications99.22%
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 origination92.44%
Pgim Real Estate Finance has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 119 | $4,768,075,000 | $40,067,857 |