Principal Financial Group Mortgage Rates, Fees & Info
Des Moines, IALEI: CUMYEZJOAF02RYZ1JJ85
Tax ID: 42-1520346
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Mortgage Data
Review & Overview
Principal Financial Group is a small mortgage company specializing in Home Purchase loans. Principal Financial Group has a high proportion of conventional loans. Their top markets by origination volume include: New York, Atlanta, Chicago, San Jose, and Washington among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)Principal Financial Group has an above average approval rate when compared to the average across all lenders. They typically have about average rates.
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Originations
44Origination Dollar Volume (All Markets)
$1,328,120,000Top 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 |
---|---|---|---|---|---|
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 17 | $405,405,000 | $23,847,353 | $0 | 4.43% |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $172,015,000 | $172,015,000 | $0 | 4.44% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $85,390,000 | $21,347,500 | $0 | 5.43% |
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $83,005,000 | $83,005,000 | $0 | 7.30% |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $77,010,000 | $38,505,000 | $0 | 4.14% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $70,010,000 | $35,005,000 | $0 | 3.91% |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $58,010,000 | $29,005,000 | $0 | 4.29% |
BOULDER, CO (FHA|USDA|VA) | 1 | $50,305,000 | $50,305,000 | $0 | 6.34% |
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $42,330,000 | $21,165,000 | $0 | 4.12% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $35,305,000 | $35,305,000 | $0 | 3.84% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $33,005,000 | $33,005,000 | $0 | 4.51% |
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $32,255,000 | $32,255,000 | $0 | 4.31% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $28,005,000 | $28,005,000 | $0 | 4.35% |
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $27,405,000 | $27,405,000 | $0 | 4.00% |
MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $26,005,000 | $26,005,000 | $0 | 4.16% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $24,505,000 | $24,505,000 | $0 | 3.61% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $24,005,000 | $24,005,000 | $0 | 3.96% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $16,525,000 | $16,525,000 | $0 | 4.38% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $16,505,000 | $16,505,000 | $0 | 4.33% |
COLUMBUS, OH (FHA|USDA|VA) | 1 | $12,615,000 | $12,615,000 | $0 | 4.53% |
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $8,505,000 | $8,505,000 | $0 | 4.13% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 44 | $1,328,120,000 | $30,184,545 | $0 | 4.50% |
For 2018, Principal Financial Group's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Home Purchase | 41 | $1,273,105,000 | $31,051,341 | $0 | 4.54% |
Refi | 3 | $55,015,000 | $18,338,333 | $0 | 3.93% |
For 2018, Principal Financial Group's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
For 2018, Principal Financial Group's most frequently cited loan duration was Other, with 16 originations. The 2nd most popular length was 20 Year, with 10 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 32 | $909,640,000 | $28,426,250 |
3-4% | 7 | $187,555,000 | $26,793,571 |
6-7% | 3 | $135,315,000 | $45,105,000 |
7-8% | 2 | $95,610,000 | $47,805,000 |
During 2018, Principal Financial Group's average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 4-5%, with 32 originations.
Loan Sizing
Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$1MM+ | 44 | $1,328,120,000 | $30,184,545 | $0 | 4.50% |
2018 saw Principal Financial Group place emphasis on $1MM+ loans with 44 originations, totaling $1,328,120,000 in origination value.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Not applicable | 44 | $1,328,120,000 | $30,184,545 | $0 | 4.50% |
Approval Rates
Total approvals of all applications100.00%
Principal Financial Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 44 | $1,328,120,000 | $30,184,545 |