Pennymac Loan Services Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: RVDPPPGHCGZ40J4VQ731

Tax ID: 26-2049351

2020 Data | 2019 Data | 2018 Data


Overview

Pennymac Loan Services is a large mortgage company specializing in Refi loans. Pennymac Loan Services has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Washington, Los Angeles, San Diego, Atlanta, and Seattle among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Pennymac Loan Services is typically a high fee lendor.


Originations

117,702

Origination Dollar Volume (All Markets)

$36,025,330,000

Relative Rate

Pennymac Loan Services 's average 30 year fixed rate mortgage was 3.08%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.28%.

Relative Fees

Pennymac Loan Services 's average total fees for a 30 year fixed rate mortgage are $7,239.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 65,465 $20,606,695,000 $314,774 $5,152 3.18%
VA 38,190 $12,093,580,000 $316,669 $6,862 2.72%
FHA 13,631 $3,249,955,000 $238,424 $6,298 3.15%
USDA 416 $75,100,000 $180,529 $5,138 3.14%

For the 2020 period, Pennymac Loan Services 's most frequently originated loan type was Conventional, with 65,465 originations. Their 2nd most popular type is VA, with 38,190 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 91,464 $27,956,100,000 $305,651 $5,593 2.95%
Home Purchase 13,848 $4,527,610,000 $326,950 $6,645 3.17%
Cash Out Refi 12,336 $3,529,180,000 $286,088 $6,865 3.50%
Other 54 $12,440,000 $230,370 $1,689 3.72%

For the 2020, Pennymac Loan Services 's most frequently cited loan purpose was Refi, with 91,464 originations. The 2nd most popular reason was Home Purchase, with 13,848 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 100,267 $31,161,445,000 $310,785 $6,008 3.05%
15 Year 7,192 $1,966,720,000 $273,459 $4,829 2.72%
Other 6,159 $1,768,565,000 $287,151 $5,058 3.06%
20 Year 3,757 $1,058,435,000 $281,723 $4,866 3.12%
10 Year 327 $70,165,000 $214,572 $4,261 2.74%

For the 2020, Pennymac Loan Services 's most frequently cited loan length was 30 Year, with 100,267 originations. The 2nd most popular length was 15 Year, with 7,192 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 30,659 $10,977,855,000 $358,063
$3k-4k 28,279 $7,697,635,000 $272,203
$<1k 22,789 $7,115,425,000 $312,231
$1k-2k 19,393 $5,907,065,000 $304,598
$2k-3k 12,315 $3,186,775,000 $258,772

$7,239 was Pennymac Loan Services 's average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 30,659 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 5,150 $2,116,050,000 $410,883 $6,864 2.90%
Outside of Metro Areas 6,758 $1,601,700,000 $237,008 $5,442 3.05%
LOS ANGELES-LONG BEACH-GLENDALE, CA 3,262 $1,448,300,000 $443,991 $6,294 3.05%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 2,920 $1,342,800,000 $459,863 $6,448 2.89%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 4,736 $1,301,610,000 $274,833 $5,343 3.08%
SEATTLE-BELLEVUE-KENT, WA 2,757 $1,149,495,000 $416,937 $5,566 3.02%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 2,812 $932,920,000 $331,764 $6,413 3.02%
DENVER-AURORA-LAKEWOOD, CO 2,512 $903,810,000 $359,797 $5,476 3.04%
PHOENIX-MESA-CHANDLER, AZ 3,006 $815,170,000 $271,181 $5,464 3.10%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 2,839 $814,375,000 $286,853 $5,394 3.04%
BALTIMORE-COLUMBIA-TOWSON, MD 2,374 $790,950,000 $333,172 $6,102 2.96%
DALLAS-PLANO-IRVING, TX 2,334 $698,980,000 $299,477 $6,017 3.05%
ANAHEIM-SANTA ANA-IRVINE, CA 1,265 $618,905,000 $489,253 $6,118 2.99%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 1,760 $584,570,000 $332,142 $6,134 3.04%
LAS VEGAS-HENDERSON-PARADISE, NV 1,941 $571,845,000 $294,614 $5,972 3.03%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 2,112 $561,170,000 $265,705 $5,915 3.05%
OAKLAND-BERKELEY-LIVERMORE, CA 1,148 $559,940,000 $487,753 $6,405 3.05%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 1,559 $546,765,000 $350,715 $5,926 3.04%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 1,848 $530,460,000 $287,045 $6,189 2.82%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 1,266 $491,170,000 $387,970 $5,849 2.98%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1,845 $476,415,000 $258,220 $5,655 3.09%
ORLANDO-KISSIMMEE-SANFORD, FL 1,507 $402,645,000 $267,183 $5,625 3.12%
SAN ANTONIO-NEW BRAUNFELS, TX 1,383 $378,625,000 $273,771 $6,452 2.90%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 1,158 $364,550,000 $314,810 $7,872 3.02%
NEW BRUNSWICK-LAKEWOOD, NJ 1,045 $359,705,000 $344,215 $7,039 3.07%
OXNARD-THOUSAND OAKS-VENTURA, CA 779 $354,225,000 $454,718 $5,589 2.95%
TACOMA-LAKEWOOD, WA 1,001 $343,705,000 $343,362 $6,137 3.01%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 1,231 $340,305,000 $276,446 $5,722 3.15%
COLORADO SPRINGS, CO 1,027 $339,465,000 $330,540 $6,195 2.83%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 1,143 $335,235,000 $293,294 $5,982 3.07%
RICHMOND, VA 1,133 $330,985,000 $292,132 $5,358 2.99%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 1,257 $330,235,000 $262,717 $5,468 3.10%
RALEIGH-CARY, NC 1,035 $299,405,000 $289,280 $4,467 3.02%
NEWARK, NJ-PA 757 $282,265,000 $372,873 $7,267 2.98%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 523 $278,695,000 $532,878 $5,486 3.01%
BOSTON, MA 702 $271,390,000 $386,595 $6,156 3.14%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 692 $268,700,000 $388,295 $5,529 3.05%
CHICAGO-NAPERVILLE-EVANSTON, IL 1,028 $259,060,000 $252,004 $5,471 3.17%
URBAN HONOLULU, HI 443 $246,165,000 $555,677 $10,392 2.71%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 792 $243,540,000 $307,500 $6,131 3.13%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 580 $233,590,000 $402,741 $7,750 3.08%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 896 $229,890,000 $256,574 $5,987 3.10%
SALT LAKE CITY, UT 715 $224,135,000 $313,476 $6,033 3.09%
JACKSONVILLE, FL 848 $223,780,000 $263,892 $6,054 3.00%
PROVIDENCE-WARWICK, RI-MA 749 $218,775,000 $292,089 $5,459 3.07%
MIAMI-MIAMI BEACH-KENDALL, FL 732 $218,350,000 $298,292 $6,493 3.18%
ST. LOUIS, MO-IL 812 $173,410,000 $213,559 $4,285 3.15%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 565 $170,275,000 $301,372 $6,016 3.11%
KANSAS CITY, MO-KS 710 $168,560,000 $237,408 $4,765 3.06%
RENO, NV 500 $166,590,000 $333,180 $5,320 3.01%
NORTH PORT-SARASOTA-BRADENTON, FL 567 $159,775,000 $281,790 $5,395 3.14%
CAPE CORAL-FORT MYERS, FL 575 $141,095,000 $245,383 $5,585 3.16%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 278 $140,920,000 $506,906 $4,907 2.97%
PITTSBURGH, PA 545 $140,715,000 $258,193 $6,224 3.06%
OGDEN-CLEARFIELD, UT 459 $136,015,000 $296,329 $6,247 3.00%
PHILADELPHIA, PA 509 $135,985,000 $267,161 $7,144 3.11%
VALLEJO, CA 362 $134,030,000 $370,249 $6,648 3.02%
STOCKTON, CA 375 $124,655,000 $332,413 $6,059 3.07%
FRESNO, CA 456 $122,600,000 $268,860 $5,808 3.06%
TUCSON, AZ 530 $121,060,000 $228,415 $5,300 3.01%
CHARLESTON-NORTH CHARLESTON, SC 424 $116,410,000 $274,552 $6,571 2.97%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 327 $109,955,000 $336,254 $6,499 2.91%
CAMDEN, NJ 439 $106,715,000 $243,087 $5,937 3.07%
BAKERSFIELD, CA 416 $103,410,000 $248,582 $5,780 3.08%
NEW ORLEANS-METAIRIE, LA 388 $97,150,000 $250,387 $5,665 3.06%
WILMINGTON, DE-MD-NJ 351 $94,325,000 $268,732 $6,370 2.95%
PALM BAY-MELBOURNE-TITUSVILLE, FL 364 $93,840,000 $257,802 $5,600 3.01%
MEMPHIS, TN-MS-AR 399 $93,755,000 $234,975 $5,700 3.00%
PROVO-OREM, UT 298 $92,410,000 $310,101 $5,603 3.08%
OLYMPIA-LACEY-TUMWATER, WA 289 $90,395,000 $312,785 $6,195 2.91%
COLUMBUS, OH 402 $89,660,000 $223,035 $5,321 3.08%
CINCINNATI, OH-KY-IN 411 $89,355,000 $217,409 $5,187 3.10%
KNOXVILLE, TN 377 $84,335,000 $223,700 $5,360 2.97%
DURHAM-CHAPEL HILL, NC 296 $83,620,000 $282,500 $4,423 3.03%
BOISE CITY, ID 287 $82,685,000 $288,101 $6,684 3.08%
WORCESTER, MA-CT 289 $82,205,000 $284,446 $5,220 3.05%
GREELEY, CO 248 $82,190,000 $331,411 $6,275 3.01%
LAKELAND-WINTER HAVEN, FL 379 $82,045,000 $216,478 $5,362 3.18%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 304 $78,400,000 $257,895 $5,465 3.08%
SALEM, OR 281 $77,875,000 $277,135 $6,562 3.10%
SANTA ROSA-PETALUMA, CA 183 $77,845,000 $425,383 $5,566 3.00%
ALBUQUERQUE, NM 314 $76,460,000 $243,503 $5,888 2.98%
WARREN-TROY-FARMINGTON HILLS, MI 334 $75,950,000 $227,395 $4,952 3.12%
PENSACOLA-FERRY PASS-BRENT, FL 304 $72,530,000 $238,586 $5,277 2.96%
SAVANNAH, GA 302 $72,090,000 $238,709 $5,977 2.96%
NAPLES-MARCO ISLAND, FL 228 $71,560,000 $313,860 $6,081 3.14%
BIRMINGHAM-HOOVER, AL 299 $70,625,000 $236,204 $5,013 3.03%
BOULDER, CO 182 $70,490,000 $387,308 $4,665 3.03%
INDIANAPOLIS-CARMEL-ANDERSON, IN 344 $69,380,000 $201,686 $5,100 3.08%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 295 $67,805,000 $229,847 $5,202 3.17%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 242 $67,180,000 $277,603 $5,586 2.99%
GREENVILLE-ANDERSON, SC 281 $66,515,000 $236,708 $4,984 3.09%
CLEVELAND-ELYRIA, OH 314 $66,070,000 $210,414 $5,158 3.11%
SPOKANE-SPOKANE VALLEY, WA 254 $65,700,000 $258,661 $5,412 3.03%
FAYETTEVILLE, NC 320 $65,070,000 $203,344 $5,404 2.84%
LAFAYETTE, LA 270 $65,040,000 $240,889 $6,024 3.12%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 191 $61,825,000 $323,691 $5,649 3.02%
BRIDGEPORT-STAMFORD-NORWALK, CT 164 $61,450,000 $374,695 $5,552 2.94%
MODESTO, CA 214 $61,130,000 $285,654 $5,563 3.19%
SALINAS, CA 143 $60,595,000 $423,741 $6,247 3.04%
OKLAHOMA CITY, OK 269 $60,475,000 $224,814 $5,542 3.23%
SANTA MARIA-SANTA BARBARA, CA 146 $60,170,000 $412,123 $6,182 2.91%
PORT ST. LUCIE, FL 245 $60,145,000 $245,490 $5,562 3.16%
SAN LUIS OBISPO-PASO ROBLES, CA 140 $58,530,000 $418,071 $6,709 2.92%
FORT COLLINS, CO 174 $58,490,000 $336,149 $5,718 3.03%
CLARKSVILLE, TN-KY 277 $57,875,000 $208,935 $5,422 2.88%
SALISBURY, MD-DE 216 $56,980,000 $263,796 $5,830 3.06%
BATON ROUGE, LA 230 $56,970,000 $247,696 $5,318 3.06%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 245 $56,635,000 $231,163 $5,246 3.05%
COEUR D'ALENE, ID 182 $55,950,000 $307,418 $6,071 3.05%
COLUMBIA, SC 248 $55,870,000 $225,282 $5,324 2.97%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 250 $53,130,000 $212,520 $5,419 3.05%
AUGUSTA-RICHMOND COUNTY, GA-SC 233 $52,995,000 $227,446 $5,429 2.84%
BARNSTABLE TOWN, MA 156 $52,970,000 $339,551 $5,070 3.02%
VISALIA, CA 218 $52,910,000 $242,706 $5,647 3.14%
BRUNSWICK, GA 199 $52,135,000 $261,985 $7,566 3.10%
BEND, OR 160 $50,210,000 $313,813 $6,519 3.08%
WILMINGTON, NC 190 $50,170,000 $264,053 $5,040 2.96%
HUNTSVILLE, AL 199 $49,035,000 $246,407 $5,649 2.88%
SANTA CRUZ-WATSONVILLE, CA 97 $48,245,000 $497,371 $6,560 2.97%
SPRINGFIELD, MO 229 $47,535,000 $207,576 $4,142 3.29%
MANCHESTER-NASHUA, NH 174 $47,090,000 $270,632 $5,422 3.10%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 184 $45,740,000 $248,587 $5,582 3.24%
OMAHA-COUNCIL BLUFFS, NE-IA 199 $45,265,000 $227,462 $5,489 3.04%
PRESCOTT VALLEY-PRESCOTT, AZ 154 $44,600,000 $289,610 $5,735 3.05%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 184 $44,360,000 $241,087 $6,463 3.01%
KILLEEN-TEMPLE, TX 204 $44,260,000 $216,961 $5,700 2.77%
CHATTANOOGA, TN-GA 196 $43,480,000 $221,837 $5,352 3.09%
ELGIN, IL 194 $43,450,000 $223,969 $4,935 3.17%
SAN RAFAEL, CA 77 $43,035,000 $558,896 $6,075 3.04%
EUGENE-SPRINGFIELD, OR 145 $40,045,000 $276,172 $6,161 3.09%
GREENSBORO-HIGH POINT, NC 176 $39,790,000 $226,080 $4,988 2.99%
ST. GEORGE, UT 131 $39,765,000 $303,550 $5,594 3.06%
CHARLOTTESVILLE, VA 130 $39,070,000 $300,538 $5,183 2.95%
MILWAUKEE-WAUKESHA, WI 170 $38,670,000 $227,471 $5,250 3.03%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 171 $37,615,000 $219,971 $5,114 2.99%
ASHEVILLE, NC 144 $36,710,000 $254,931 $5,500 3.22%
KENNEWICK-RICHLAND, WA 138 $36,670,000 $265,725 $5,805 3.07%
JACKSONVILLE, NC 174 $36,370,000 $209,023 $5,644 2.90%
DAYTON-KETTERING, OH 165 $36,055,000 $218,515 $5,324 2.99%
PUNTA GORDA, FL 157 $35,625,000 $226,911 $5,291 3.25%
BELLINGHAM, WA 106 $34,960,000 $329,811 $5,431 2.96%
CALIFORNIA-LEXINGTON PARK, MD 119 $34,865,000 $292,983 $6,294 2.89%
GAINESVILLE, GA 132 $33,990,000 $257,500 $5,240 3.15%
WINCHESTER, VA-WV 114 $33,810,000 $296,579 $6,271 2.96%
PORTLAND-SOUTH PORTLAND, ME 128 $33,470,000 $261,484 $5,354 3.15%
HAGERSTOWN-MARTINSBURG, MD-WV 143 $32,915,000 $230,175 $5,841 2.99%
COLLEGE STATION-BRYAN, TX 122 $32,220,000 $264,098 $4,671 3.11%
MEDFORD, OR 111 $32,215,000 $290,225 $6,451 3.03%
WINSTON-SALEM, NC 146 $31,800,000 $217,808 $4,853 3.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 141 $29,205,000 $207,128 $4,838 3.10%
COLUMBUS, GA-AL 137 $28,515,000 $208,139 $5,274 2.89%
HANFORD-CORCORAN, CA 115 $28,495,000 $247,783 $6,223 2.93%
HARRISBURG-CARLISLE, PA 124 $28,400,000 $229,032 $6,098 2.86%
WICHITA, KS 146 $28,170,000 $192,945 $4,940 3.06%
NEW HAVEN-MILFORD, CT 111 $28,005,000 $252,297 $5,643 3.03%
PANAMA CITY, FL 106 $26,880,000 $253,585 $5,799 2.97%
CHICO, CA 93 $26,855,000 $288,763 $5,993 3.26%
YORK-HANOVER, PA 127 $26,785,000 $210,906 $6,085 2.91%
EL PASO, TX 139 $26,575,000 $191,187 $5,398 2.95%
ST. CLOUD, MN 114 $26,280,000 $230,526 $4,577 3.08%
SPRINGFIELD, MA 113 $26,095,000 $230,929 $5,352 3.09%
HILTON HEAD ISLAND-BLUFFTON, SC 96 $25,920,000 $270,000 $5,624 2.90%
TULSA, OK 130 $25,580,000 $196,769 $5,624 3.10%
LONGVIEW, WA 89 $24,965,000 $280,506 $5,325 3.12%
ROANOKE, VA 107 $24,825,000 $232,009 $4,961 2.96%
SPARTANBURG, SC 119 $24,785,000 $208,277 $4,956 3.10%
DETROIT-DEARBORN-LIVONIA, MI 133 $24,765,000 $186,203 $4,477 3.24%
MERCED, CA 97 $24,705,000 $254,691 $5,962 3.15%
LAKE HAVASU CITY-KINGMAN, AZ 109 $24,355,000 $223,440 $5,014 3.00%
YUBA CITY, CA 88 $24,140,000 $274,318 $5,669 3.06%
WARNER ROBINS, GA 102 $23,350,000 $228,922 $5,125 2.82%
OCALA, FL 128 $23,230,000 $181,484 $4,764 3.06%
REDDING, CA 91 $23,225,000 $255,220 $5,742 3.08%
DOVER, DE 90 $23,000,000 $255,556 $6,137 2.98%
LANCASTER, PA 102 $22,770,000 $223,235 $6,648 2.94%
NAPA, CA 49 $22,755,000 $464,388 $6,719 2.96%
AKRON, OH 102 $22,360,000 $219,216 $5,007 3.07%
MOUNT VERNON-ANACORTES, WA 68 $22,050,000 $324,265 $5,904 2.90%
ANCHORAGE, AK 69 $21,945,000 $318,043 $6,824 2.95%
READING, PA 98 $21,930,000 $223,776 $6,409 3.10%
CORPUS CHRISTI, TX 90 $21,600,000 $240,000 $6,493 2.98%
DAPHNE-FAIRHOPE-FOLEY, AL 93 $21,475,000 $230,914 $5,224 3.01%
HINESVILLE, GA 111 $21,415,000 $192,928 $5,519 2.83%
SHREVEPORT-BOSSIER CITY, LA 96 $21,270,000 $221,563 $5,526 2.96%
GARY, IN 103 $20,995,000 $203,835 $5,432 3.09%
JACKSON, MS 92 $20,120,000 $218,696 $5,469 3.08%
ALBANY-LEBANON, OR 78 $20,110,000 $257,821 $5,910 3.20%
WENATCHEE, WA 64 $19,760,000 $308,750 $4,803 3.15%
MADERA, CA 68 $19,180,000 $282,059 $6,390 2.93%
MONTGOMERY, AL 92 $19,060,000 $207,174 $4,725 2.97%
TRENTON-PRINCETON, NJ 71 $18,735,000 $263,873 $5,722 3.16%
LEXINGTON-FAYETTE, KY 88 $18,280,000 $207,727 $5,371 2.95%
CORVALLIS, OR 58 $18,070,000 $311,552 $5,568 3.18%
TALLAHASSEE, FL 75 $18,035,000 $240,467 $5,666 3.14%
KAHULUI-WAILUKU-LAHAINA, HI 37 $17,985,000 $486,081 $8,658 2.95%
DES MOINES-WEST DES MOINES, IA 79 $17,815,000 $225,506 $5,364 3.07%
GRAND RAPIDS-KENTWOOD, MI 83 $17,475,000 $210,542 $5,334 3.19%
GAINESVILLE, FL 76 $17,100,000 $225,000 $5,113 3.12%
GRAND JUNCTION, CO 58 $16,480,000 $284,138 $5,416 3.04%
CHEYENNE, WY 55 $16,285,000 $296,091 $7,232 3.09%
SCRANTON--WILKES-BARRE, PA 80 $16,020,000 $200,250 $6,055 2.99%
FLAGSTAFF, AZ 51 $16,015,000 $314,020 $5,785 2.97%
YAKIMA, WA 65 $15,915,000 $244,846 $5,084 3.15%
HICKORY-LENOIR-MORGANTON, NC 72 $15,740,000 $218,611 $4,726 3.06%
OCEAN CITY, NJ 54 $15,620,000 $289,259 $5,889 3.13%
SEBASTIAN-VERO BEACH, FL 67 $15,575,000 $232,463 $5,728 3.07%
GULFPORT-BILOXI, MS 79 $15,365,000 $194,494 $5,204 2.94%
BURLINGTON, NC 71 $14,875,000 $209,507 $4,943 3.13%
SIERRA VISTA-DOUGLAS, AZ 74 $14,740,000 $199,189 $4,632 2.90%
LAKE CHARLES, LA 64 $14,530,000 $227,031 $5,643 3.24%
AUBURN-OPELIKA, AL 62 $14,470,000 $233,387 $5,313 2.98%
PUEBLO, CO 65 $14,455,000 $222,385 $5,546 3.15%
BILLINGS, MT 57 $14,435,000 $253,246 $5,370 2.99%
NORWICH-NEW LONDON, CT 50 $14,370,000 $287,400 $6,692 2.90%
ATHENS-CLARKE COUNTY, GA 59 $13,955,000 $236,525 $5,580 3.13%
LYNCHBURG, VA 58 $13,900,000 $239,655 $5,066 3.07%
WACO, TX 64 $13,850,000 $216,406 $5,433 3.14%
MOBILE, AL 73 $13,735,000 $188,151 $5,060 3.08%
MIDLAND, TX 52 $13,660,000 $262,692 $6,068 3.19%
CARSON CITY, NV 42 $12,820,000 $305,238 $6,350 2.94%
GRANTS PASS, OR 49 $12,645,000 $258,061 $6,520 3.05%
SIOUX FALLS, SD 53 $12,395,000 $233,868 $5,838 2.93%
BISMARCK, ND 43 $12,195,000 $283,605 $6,707 2.84%
ATLANTIC CITY-HAMMONTON, NJ 49 $11,695,000 $238,673 $6,017 2.97%
EL CENTRO, CA 48 $11,680,000 $243,333 $5,761 2.99%
JOHNSON CITY, TN 53 $11,675,000 $220,283 $5,135 2.93%
MCALLEN-EDINBURG-MISSION, TX 64 $11,550,000 $180,469 $5,536 3.13%
DULUTH, MN-WI 49 $11,225,000 $229,082 $5,116 3.03%
TOLEDO, OH 54 $11,030,000 $204,259 $4,570 3.14%
HOMOSASSA SPRINGS, FL 56 $10,980,000 $196,071 $5,295 3.13%
THE VILLAGES, FL 44 $10,980,000 $249,545 $5,365 2.94%
FARGO, ND-MN 49 $10,975,000 $223,980 $5,454 3.01%
TUSCALOOSA, AL 51 $10,855,000 $212,843 $5,093 3.03%
LAS CRUCES, NM 48 $10,500,000 $218,750 $5,656 2.80%
GREEN BAY, WI 51 $10,445,000 $204,804 $4,394 3.26%
LAREDO, TX 48 $10,280,000 $214,167 $6,337 2.91%
ELIZABETHTOWN-FORT KNOX, KY 47 $10,185,000 $216,702 $4,988 2.83%
RAPID CITY, SD 42 $10,110,000 $240,714 $6,749 2.93%
KINGSPORT-BRISTOL, TN-VA 58 $10,000,000 $172,414 $4,260 3.00%
ANN ARBOR, MI 40 $9,980,000 $249,500 $4,944 3.02%
NEW BERN, NC 42 $9,860,000 $234,762 $6,423 2.90%
YUMA, AZ 47 $9,615,000 $204,574 $5,263 2.89%
CANTON-MASSILLON, OH 54 $9,520,000 $176,296 $4,447 3.09%
LINCOLN, NE 43 $9,395,000 $218,488 $5,284 2.97%
BEAUMONT-PORT ARTHUR, TX 40 $9,330,000 $233,250 $6,421 3.10%
SANTA FE, NM 29 $9,265,000 $319,483 $6,386 3.15%
SHERMAN-DENISON, TX 39 $9,055,000 $232,179 $6,241 3.11%
IDAHO FALLS, ID 34 $9,040,000 $265,882 $6,149 3.00%
ROCHESTER, MN 38 $8,650,000 $227,632 $4,642 3.15%
LUBBOCK, TX 44 $8,630,000 $196,136 $4,982 3.15%
PEORIA, IL 44 $8,570,000 $194,773 $4,087 2.89%
MADISON, WI 33 $8,505,000 $257,727 $5,664 3.01%
EAST STROUDSBURG, PA 43 $8,415,000 $195,698 $5,680 3.09%
DOTHAN, AL 41 $8,255,000 $201,341 $5,401 2.85%
BURLINGTON-SOUTH BURLINGTON, VT 32 $8,220,000 $256,875 $4,785 2.95%
CHAMBERSBURG-WAYNESBORO, PA 36 $8,130,000 $225,833 $6,680 2.92%
ODESSA, TX 36 $7,910,000 $219,722 $6,478 3.29%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 37 $7,875,000 $212,838 $5,011 2.87%
GETTYSBURG, PA 32 $7,810,000 $244,063 $6,270 2.88%
AMARILLO, TX 36 $7,780,000 $216,111 $5,473 2.98%
GREENVILLE, NC 35 $7,695,000 $219,857 $5,233 3.06%
ABILENE, TX 40 $7,590,000 $189,750 $5,897 2.86%
FLINT, MI 53 $7,525,000 $141,981 $4,391 3.17%
FORT WAYNE, IN 46 $7,490,000 $162,826 $4,635 3.20%
APPLETON, WI 37 $7,405,000 $200,135 $5,189 3.20%
WALLA WALLA, WA 29 $7,325,000 $252,586 $4,988 3.08%
SAN ANGELO, TX 33 $7,065,000 $214,091 $6,037 3.11%
COLUMBIA, MO 33 $6,925,000 $209,848 $4,488 3.05%
LANSING-EAST LANSING, MI 38 $6,710,000 $176,579 $4,575 3.12%
LAWTON, OK 33 $6,685,000 $202,576 $5,665 2.85%
MACON-BIBB COUNTY, GA 33 $6,545,000 $198,333 $5,022 3.01%
VALDOSTA, GA 35 $6,355,000 $181,571 $4,997 3.00%
LEBANON, PA 29 $6,305,000 $217,414 $5,780 2.95%
BLACKSBURG-CHRISTIANSBURG, VA 29 $6,265,000 $216,034 $4,293 3.15%
LOGAN, UT-ID 23 $6,265,000 $272,391 $5,534 3.11%
LEWISTON-AUBURN, ME 30 $6,250,000 $208,333 $5,254 2.98%
IOWA CITY, IA 26 $6,210,000 $238,846 $6,285 2.99%
EVANSVILLE, IN-KY 36 $6,200,000 $172,222 $4,466 2.97%
TYLER, TX 28 $6,130,000 $218,929 $5,175 3.07%
STAUNTON, VA 27 $6,075,000 $225,000 $5,214 3.05%
MISSOULA, MT 22 $5,920,000 $269,091 $6,161 3.15%
DECATUR, AL 27 $5,865,000 $217,222 $5,634 2.94%
FLORENCE, SC 30 $5,840,000 $194,667 $10,468 3.07%
TOPEKA, KS 34 $5,840,000 $171,765 $3,979 2.87%
MORRISTOWN, TN 29 $5,815,000 $200,517 $5,246 3.04%
LONGVIEW, TX 27 $5,735,000 $212,407 $5,623 2.89%
MONROE, LA 25 $5,655,000 $226,200 $6,382 3.17%
MANHATTAN, KS 29 $5,575,000 $192,241 $5,120 2.86%
BOWLING GREEN, KY 27 $5,415,000 $200,556 $5,159 3.11%
JEFFERSON CITY, MO 27 $5,405,000 $200,185 $4,786 2.93%
FORT SMITH, AR-OK 25 $5,365,000 $214,600 $4,665 2.87%
BROWNSVILLE-HARLINGEN, TX 29 $5,345,000 $184,310 $5,656 3.09%
GREAT FALLS, MT 24 $5,300,000 $220,833 $5,277 2.83%
LAWRENCE, KS 26 $5,270,000 $202,692 $4,775 3.10%
HARRISONBURG, VA 20 $5,180,000 $259,000 $5,571 2.81%
JACKSON, TN 28 $4,970,000 $177,500 $4,500 3.02%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 39 $4,955,000 $127,051 $3,903 3.05%
HAMMOND, LA 24 $4,930,000 $205,417 $5,425 3.10%
VINELAND-BRIDGETON, NJ 27 $4,925,000 $182,407 $4,963 3.11%
JOPLIN, MO 25 $4,885,000 $195,400 $3,985 3.28%
STATE COLLEGE, PA 18 $4,870,000 $270,556 $6,646 2.84%
LEWISTON, ID-WA 20 $4,810,000 $240,500 $5,280 3.21%
SEBRING-AVON PARK, FL 31 $4,805,000 $155,000 $4,135 3.37%
LAFAYETTE-WEST LAFAYETTE, IN 27 $4,695,000 $173,889 $5,157 3.09%
HOUMA-THIBODAUX, LA 22 $4,530,000 $205,909 $4,327 3.08%
TEXARKANA, TX-AR 22 $4,460,000 $202,727 $4,647 3.14%
TWIN FALLS, ID 19 $4,415,000 $232,368 $6,962 3.16%
BANGOR, ME 24 $4,380,000 $182,500 $5,049 2.88%
RACINE, WI 22 $4,340,000 $197,273 $4,883 2.93%
ALEXANDRIA, LA 17 $4,295,000 $252,647 $5,348 2.83%
HOT SPRINGS, AR 21 $4,085,000 $194,524 $4,778 2.89%
FLORENCE-MUSCLE SHOALS, AL 19 $4,055,000 $213,421 $5,187 2.91%
ALBANY, GA 21 $3,995,000 $190,238 $5,209 2.86%
MONROE, MI 18 $3,990,000 $221,667 $5,030 2.99%
SOUTH BEND-MISHAWAKA, IN-MI 22 $3,930,000 $178,636 $4,835 2.99%
SUMTER, SC 21 $3,825,000 $182,143 $5,315 3.07%
ROCKFORD, IL 19 $3,815,000 $200,789 $4,826 3.25%
WICHITA FALLS, TX 24 $3,800,000 $158,333 $4,187 3.02%
DALTON, GA 22 $3,780,000 $171,818 $4,417 3.39%
LA CROSSE-ONALASKA, WI-MN 19 $3,775,000 $198,684 $4,196 2.85%
HUNTINGTON-ASHLAND, WV-KY-OH 19 $3,735,000 $196,579 $4,828 2.82%
GOLDSBORO, NC 19 $3,665,000 $192,895 $6,236 3.05%
EAU CLAIRE, WI 16 $3,570,000 $223,125 $5,422 3.01%
CEDAR RAPIDS, IA 17 $3,535,000 $207,941 $4,923 2.99%
VICTORIA, TX 15 $3,495,000 $233,000 $4,951 3.13%
OWENSBORO, KY 19 $3,455,000 $181,842 $4,882 3.27%
HATTIESBURG, MS 19 $3,445,000 $181,316 $4,892 2.95%
ERIE, PA 20 $3,390,000 $169,500 $4,699 3.07%
CAPE GIRARDEAU, MO-IL 16 $3,340,000 $208,750 $4,008 2.76%
WAUSAU-WESTON, WI 16 $3,310,000 $206,875 $4,634 2.90%
MUSKEGON, MI 15 $3,275,000 $218,333 $7,225 3.02%
BLOOMINGTON, IL 17 $3,085,000 $181,471 $5,263 2.97%
POCATELLO, ID 13 $3,075,000 $236,538 $73,915 3.29%
ROCKY MOUNT, NC 16 $3,010,000 $188,125 $4,672 2.95%
JONESBORO, AR 17 $3,005,000 $176,765 $4,270 2.90%
ST. JOSEPH, MO-KS 17 $3,005,000 $176,765 $5,816 3.15%
OSHKOSH-NEENAH, WI 19 $2,965,000 $156,053 $4,799 3.02%
JANESVILLE-BELOIT, WI 15 $2,675,000 $178,333 $5,224 3.05%
CLEVELAND, TN 14 $2,670,000 $190,714 $4,976 3.24%
MANKATO, MN 13 $2,665,000 $205,000 $4,189 2.93%
KANKAKEE, IL 15 $2,645,000 $176,333 $5,152 3.08%
FARMINGTON, NM 11 $2,595,000 $235,909 $5,994 2.85%
SHEBOYGAN, WI 16 $2,550,000 $159,375 $4,781 3.31%
ELKHART-GOSHEN, IN 17 $2,545,000 $149,706 $3,853 3.18%
CASPER, WY 11 $2,515,000 $228,636 $5,010 3.32%
SPRINGFIELD, IL 14 $2,480,000 $177,143 $5,031 2.90%
CUMBERLAND, MD-WV 13 $2,465,000 $189,615 $5,496 3.29%
KALAMAZOO-PORTAGE, MI 16 $2,450,000 $153,125 $4,601 2.99%
PITTSFIELD, MA 13 $2,255,000 $173,462 $3,998 3.14%
NILES, MI 11 $2,195,000 $199,545 $5,193 3.18%
ANNISTON-OXFORD, AL 14 $2,180,000 $155,714 $3,969 2.94%
MORGANTOWN, WV 6 $2,110,000 $351,667 $9,962 2.90%
TERRE HAUTE, IN 12 $2,100,000 $175,000 $5,274 3.02%
MANSFIELD, OH 13 $2,055,000 $158,077 $7,027 3.30%
ROME, GA 11 $2,055,000 $186,818 $4,225 3.07%
GADSDEN, AL 13 $2,015,000 $155,000 $3,506 3.04%
DUBUQUE, IA 9 $1,995,000 $221,667 $6,032 3.03%
JACKSON, MI 14 $1,970,000 $140,714 $4,258 2.84%
MICHIGAN CITY-LA PORTE, IN 11 $1,945,000 $176,818 $4,510 3.06%
SIOUX CITY, IA-NE-SD 10 $1,900,000 $190,000 $5,433 2.56%
FAIRBANKS, AK 6 $1,740,000 $290,000 $8,314 2.54%
KOKOMO, IN 12 $1,670,000 $139,167 $3,776 3.18%
BLOOMINGTON, IN 9 $1,665,000 $185,000 $6,014 2.85%
FOND DU LAC, WI 6 $1,630,000 $271,667 $6,480 2.54%
AMES, IA 8 $1,620,000 $202,500 $6,271 2.97%
CARBONDALE-MARION, IL 11 $1,545,000 $140,455 $4,506 3.08%
WATERLOO-CEDAR FALLS, IA 7 $1,505,000 $215,000 $4,790 2.87%
BATTLE CREEK, MI 8 $1,360,000 $170,000 $4,874 3.08%
WHEELING, WV-OH 6 $1,200,000 $200,000 $5,140 2.54%
BLOOMSBURG-BERWICK, PA 7 $1,195,000 $170,714 $4,690 3.37%
ALTOONA, PA 5 $1,125,000 $225,000 $5,596 3.12%
MIDLAND, MI 5 $1,065,000 $213,000 $7,565 3.18%
SAGINAW, MI 8 $1,050,000 $131,250 $4,419 3.27%
ENID, OK 6 $1,040,000 $173,333 $6,404 3.06%
SPRINGFIELD, OH 6 $1,010,000 $168,333 $5,025 3.25%
JOHNSTOWN, PA 5 $985,000 $197,000 $6,463 2.63%
PARKERSBURG-VIENNA, WV 6 $980,000 $163,333 $6,661 3.31%
PINE BLUFF, AR 6 $970,000 $161,667 $5,099 2.79%
WEIRTON-STEUBENVILLE, WV-OH 7 $935,000 $133,571 $4,456 3.02%
CHAMPAIGN-URBANA, IL 5 $895,000 $179,000 $4,366 3.25%
WILLIAMSPORT, PA 6 $890,000 $148,333 $4,154 3.17%
CHARLESTON, WV 7 $875,000 $125,000 $4,363 3.13%
COLUMBUS, IN 5 $865,000 $173,000 $4,131 3.45%
GRAND ISLAND, NE 4 $840,000 $210,000 $4,293 3.37%
GRAND FORKS, ND-MN 4 $840,000 $210,000 $7,043 2.78%
BECKLEY, WV 4 $790,000 $197,500 $4,853 3.19%
BAY CITY, MI 6 $740,000 $123,333 $4,336 3.40%
MUNCIE, IN 4 $660,000 $165,000 $4,993 2.97%
LIMA, OH 3 $405,000 $135,000 $3,947 2.92%
DANVILLE, IL 5 $395,000 $79,000 $1,938 3.25%
DECATUR, IL 3 $275,000 $91,667 $2,638 2.58%

Pennymac Loan Services 's top markets include Washington, Los Angeles, San Diego, Atlanta, and Seattle among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 49,100 $15,424,480,000 $314,144
3-4% 44,853 $12,913,745,000 $287,913
<2.5% 20,300 $6,865,600,000 $338,207
4-5% 3,386 $805,890,000 $238,006
5-6% 62 $15,450,000 $249,194
6-7% 1 $165,000 $165,000

During 2020, Pennymac Loan Services 's average interest rate was 3.08%, while their most frequently originated rate bucket was 2.5-3%, with 49,100 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 66,811 $19,258,605,000 $288,255 $5,790 3.01%
$100k-200k 24,225 $3,923,995,000 $161,981 $4,637 3.17%
$400k-600k 20,784 $9,829,570,000 $472,939 $6,789 2.94%
$600k-1MM 3,908 $2,704,970,000 $692,162 $9,729 2.92%
$100,000 or less 1,842 $150,220,000 $81,553 $3,337 3.29%
$1MM+ 132 $157,970,000 $1,196,742 $17,495 2.64%

2020 saw Pennymac Loan Services place emphasis on $200k-400k loans with 66,811 originations, totaling $19,258,605,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 21,607 $7,112,565,000 $329,179 $5,577 3.16%
$150k-250k 15,167 $5,897,815,000 $388,858 $5,667 3.11%
$75k-100k 13,677 $3,823,455,000 $279,554 $5,557 3.22%
$50k-75k 12,488 $2,859,960,000 $229,017 $5,448 3.28%
$250k+ 4,465 $1,927,695,000 $431,735 $5,826 3.08%
$50k or less 4,379 $744,675,000 $170,056 $5,073 3.36%

Pennymac Loan Services lent most frequently to those with incomes in the $100k-150k range, with 21,607 originations. The second most popular income band? $150k-250k, with 15,167 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 19,622 $6,172,240,000 $314,557 $5,171 3.13%
30-36% 13,808 $4,334,080,000 $313,882 $5,417 3.20%
<20% 7,829 $2,394,465,000 $305,846 $4,889 3.04%
44% 2,426 $743,750,000 $306,575 $5,821 3.34%
38% 2,382 $732,060,000 $307,330 $6,070 3.25%
41% 2,325 $713,595,000 $306,923 $5,797 3.26%
39% 2,315 $719,595,000 $310,840 $5,722 3.24%
37% 2,265 $698,195,000 $308,254 $5,576 3.22%
36% 2,263 $711,255,000 $314,297 $5,546 3.23%
40% 2,217 $686,525,000 $309,664 $5,717 3.27%
43% 2,202 $679,910,000 $308,769 $5,707 3.29%
42% 2,198 $688,520,000 $313,248 $5,944 3.29%
45% 1,798 $560,470,000 $311,719 $5,668 3.26%
49% 1,723 $550,585,000 $319,550 $5,894 3.26%
46% 1,538 $485,820,000 $315,878 $5,945 3.27%
47% 1,524 $491,770,000 $322,684 $6,324 3.25%
50-60% 1,498 $447,250,000 $298,565 $9,633 3.23%
48% 1,446 $460,430,000 $318,416 $6,090 3.27%
>60% 124 $47,410,000 $382,339 $11,297 3.22%

Pennymac Loan Services lent most frequently to those with DTI ratios of 20-30%, with 19,622 originations. The next most common DTI ratio? 30-36%, with 13,808 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 79,438 $23,729,290,000 $298,715 $5,799 3.05%
Not provided 15,906 $5,229,750,000 $328,791 $5,940 3.00%
Black 11,558 $3,304,830,000 $285,934 $6,235 3.01%
Asian 8,747 $3,132,185,000 $358,087 $5,437 2.96%
American Indian 1,351 $379,885,000 $281,188 $6,231 2.98%
Native Hawaiian 464 $161,690,000 $348,470 $6,760 2.96%
Asian Indian 82 $32,250,000 $393,293 $5,493 3.00%
30 $11,120,000 $370,667 $6,644 2.97%
Filipino 25 $9,235,000 $369,400 $7,426 2.72%
Other Asian 21 $7,675,000 $365,476 $4,292 3.08%
Other Pacific Islander 24 $7,630,000 $317,917 $6,740 3.06%
Chinese 13 $5,145,000 $395,769 $5,546 2.96%
Korean 10 $3,910,000 $391,000 $4,661 2.90%
Vietnamese 12 $3,740,000 $311,667 $5,546 2.80%
Japanese 9 $2,575,000 $286,111 $5,623 3.16%
Native Hawiian 7 $2,285,000 $326,429 $9,295 2.93%
Guamanian 3 $1,345,000 $448,333 $7,176 2.46%
Samoan 2 $790,000 $395,000 $6,710 3.06%

Approval Rates

Total approvals of all applications
89.00%

Pennymac Loan Services has an average approval rate.

Pick Rate

Approvals leading to origination
71.09%

Pennymac Loan Services has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 117,702 $36,025,330,000 $306,072

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 66 $10,460,000 $158,485
Single Family (1-4 Units):Site-Built 117,636 $36,014,870,000 $306,155

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 2,699 $761,225,000 $282,040 $4,242 2.94%
40-60% 13,983 $4,326,715,000 $309,427 $4,587 2.96%
60-80% 42,292 $13,031,690,000 $308,136 $5,543 3.11%
80-100% 55,019 $16,634,165,000 $302,335 $6,290 3.01%
Over 100% 2,712 $923,820,000 $340,642 $9,639 2.81%
Under 20% 164 $45,940,000 $280,122 $4,246 2.97%