Prime Choice Funding Inc. Mortgage Lending & HMDA Data, 2022

In 2022, Prime Choice Funding Inc. of Tustin, CA reported 485 mortgage applications totaling $192.0 million, down 92% from 2021. The average application was for $395,927, and applicants reported an average income of $118,812. 53% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (56), Riverside-San Bernardino-Ontario, CA (43) and Phoenix-Mesa-Scottsdale, AZ (23) (applications in parentheses).

Mortgage Company & Address Prime Choice Funding Inc.
17852 17th St #107
Tustin, CA 92780
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  
Total Number of Mortgage Applications 485
Total Mortgage Loan Application Amount $192,025,000
Average Mortgage Loan Application Amount $395,927
Highest Mortgage Loan Application Amount $1,735,000
Average Applicant Income $118,812
Highest Applicant Income $711,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Prime Choice Funding Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for Prime Choice Funding Inc. by County in 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles, California 56 $ 28,810,000 $ 514,464 $ 138,000
Riverside, California 31 $ 13,625,000 $ 439,516 $ 105,000
Orange, California 22 $ 10,680,000 $ 485,454 $ 158,000
Maricopa, Arizona 21 $ 7,085,000 $ 337,380 $ 115,000
San Diego, California 19 $ 9,615,000 $ 506,052 $ 132,000
San Bernardino, California 12 $ 4,650,000 $ 387,500 $ 137,000
Harris, Texas 11 $ 2,945,000 $ 267,727 $ 86,000
Sacramento, California 8 $ 2,610,000 $ 326,250 $ 81,000
Travis, Texas 7 $ 2,835,000 $ 405,000 $ 140,000
Contra Costa, California 6 $ 2,280,000 $ 380,000 $ 137,000
Hudson, New Jersey 6 $ 2,010,000 $ 335,000 $ 190,000
Pima, Arizona 5 $ 1,555,000 $ 311,000 $ 109,000
Alameda, California 5 $ 3,615,000 $ 723,000 $ 147,000
Kern, California 5 $ 1,615,000 $ 323,000 $ 78,000
Broward, Florida 5 $ 1,775,000 $ 355,000 $ 93,000
Anne Arundel, Maryland 5 $ 1,815,000 $ 363,000 $ 157,000
Middlesex, New Jersey 5 $ 1,635,000 $ 327,000 $ 102,000
Fresno, California 4 $ 1,220,000 $ 305,000 $ 46,000
Lake, California 4 $ 710,000 $ 177,500 $ 58,000
San Joaquin, California 4 $ 1,680,000 $ 420,000 $ 70,000
Santa Clara, California 4 $ 2,410,000 $ 602,500 $ 236,000
El Paso, Colorado 4 $ 1,740,000 $ 435,000 $ 126,000
Prince George's, Maryland 4 $ 1,570,000 $ 392,500 $ 97,000
Bergen, New Jersey 4 $ 1,360,000 $ 340,000 $ 103,000
Fort Bend, Texas 4 $ 1,180,000 $ 295,000 $ 84,000
Williamson, Texas 4 $ 1,450,000 $ 362,500 $ 119,000
Fairfax, Virginia 4 $ 1,980,000 $ 495,000 $ 206,000
Prince William, Virginia 4 $ 1,840,000 $ 460,000 $ 104,000
Mohave, Arizona 3 $ 825,000 $ 275,000 $ 127,000
Placer, California 3 $ 1,545,000 $ 515,000 $ 112,000
San Mateo, California 3 $ 2,135,000 $ 711,666 $ 146,000
Sonoma, California 3 $ 1,755,000 $ 585,000 $ 152,000
Adams, Colorado 3 $ 1,535,000 $ 511,666 $ 147,000
District of Columbia, District Of Columbia 3 $ 1,465,000 $ 488,333 $ 165,000
Hillsborough, Florida 3 $ 1,245,000 $ 415,000 $ 195,000
Pinellas, Florida 3 $ 1,205,000 $ 401,666 $ 98,000
Polk, Florida 3 $ 935,000 $ 311,666 $ 29,000
St. Lucie, Florida 3 $ 945,000 $ 315,000 $ 100,000
Union, New Jersey 3 $ 965,000 $ 321,666 $ 101,000
Klamath, Oregon 3 $ 965,000 $ 321,666 $ 106,000
Washington, Oregon 3 $ 1,195,000 $ 398,333 $ 94,000
Montgomery, Texas 3 $ 755,000 $ 251,666 $ 137,000
Henrico, Virginia 3 $ 855,000 $ 285,000 $ 120,000
Cochise, Arizona 2 $ 800,000 $ 400,000 $ 67,000
Pinal, Arizona 2 $ 830,000 $ 415,000 $ 95,000
El Dorado, California 2 $ 1,480,000 $ 740,000 $ 203,000
Solano, California 2 $ 1,240,000 $ 620,000 $ 224,000
Stanislaus, California 2 $ 630,000 $ 315,000 $ 91,000
Tulare, California 2 $ 430,000 $ 215,000 $ 66,000
Tuolumne, California 2 $ 630,000 $ 315,000 $ 96,000
Arapahoe, Colorado 2 $ 880,000 $ 440,000 $ 188,000
Denver, Colorado 2 $ 570,000 $ 285,000 $ 63,000
Hartford, Connecticut 2 $ 490,000 $ 245,000 $ 84,000
Sussex, Delaware 2 $ 950,000 $ 475,000 $ 311,000
Duval, Florida 2 $ 600,000 $ 300,000 $ 91,000
Miami-Dade, Florida 2 $ 710,000 $ 355,000 $ 85,000
Orange, Florida 2 $ 940,000 $ 470,000 $ 135,000
Cherokee, Georgia 2 $ 470,000 $ 235,000 $ 30,000
Cobb, Georgia 2 $ 460,000 $ 230,000 $ 132,000
Columbia, Georgia 2 $ 830,000 $ 415,000 $ 104,000
Fulton, Georgia 2 $ 540,000 $ 270,000 $ 98,000
Glynn, Georgia 2 $ 1,230,000 $ 615,000 $ 151,000
Gwinnett, Georgia 2 $ 640,000 $ 320,000 $ 56,000
Hall, Georgia 2 $ 1,020,000 $ 510,000 $ 57,000
Henry, Georgia 2 $ 710,000 $ 355,000 $ 65,000
Bonner, Idaho 2 $ 1,000,000 $ 500,000 $ 98,000
Strafford, New Hampshire 2 $ 810,000 $ 405,000 $ 84,000
Mercer, New Jersey 2 $ 510,000 $ 255,000 $ 77,000
Ocean, New Jersey 2 $ 580,000 $ 290,000 $ 105,000
Santa Fe, New Mexico 2 $ 520,000 $ 260,000 $ 114,000
Wake, North Carolina 2 $ 750,000 $ 375,000 $ 113,000
Lane, Oregon 2 $ 790,000 $ 395,000 $ 132,000
Chester, Pennsylvania 2 $ 870,000 $ 435,000 $ 121,000
Florence, South Carolina 2 $ 630,000 $ 315,000 $ 64,000
Knox, Tennessee 2 $ 570,000 $ 285,000 $ 49,000
Williamson, Tennessee 2 $ 1,030,000 $ 515,000 $ 144,000
El Paso, Texas 2 $ 440,000 $ 220,000 $ 122,000
Nueces, Texas 2 $ 330,000 $ 165,000 $ 160,000
Suffolk, Virginia 2 $ 720,000 $ 360,000 $ 116,000
Jefferson, Alabama 1 $ 355,000 $ 355,000 $ 106,000
Madison, Alabama 1 $ 455,000 $ 455,000 $ 148,000
Kenai Peninsula, Alaska 1 $ 165,000 $ 165,000 $ 54,000
La Paz, Arizona 1 $ 275,000 $ 275,000 $ 187,000
Yavapai, Arizona 1 $ 225,000 $ 225,000 $ 61,000
Madera, California 1 $ 135,000 $ 135,000 $ 31,000
Merced, California 1 $ 385,000 $ 385,000 $ 77,000
San Benito, California 1 $ 115,000 $ 115,000 $ 41,000
San Francisco, California 1 $ 635,000 $ 635,000 $ 244,000
Ventura, California 1 $ 325,000 $ 325,000 $ 240,000
Yuba, California 1 $ 405,000 $ 405,000 $ 105,000
Fremont, Colorado 1 $ 365,000 $ 365,000 $ 107,000
Jefferson, Colorado 1 $ 555,000 $ 555,000 $ 120,000
Weld, Colorado 1 $ 505,000 $ 505,000 $ 117,000
Fairfield, Connecticut 1 $ 335,000 $ 335,000 $ 93,000
New Haven, Connecticut 1 $ 255,000 $ 255,000 $ 55,000
Bay, Florida 1 $ 305,000 $ 305,000 $ 50,000
Brevard, Florida 1 $ 285,000 $ 285,000 $ 326,000
Citrus, Florida 1 $ 505,000 $ 505,000 $ 169,000
Escambia, Florida 1 $ 225,000 $ 225,000 $ 49,000
Indian River, Florida 1 $ 255,000 $ 255,000 $ 20,000
Lee, Florida 1 $ 485,000 $ 485,000 $ 98,000
Palm Beach, Florida 1 $ 405,000 $ 405,000 $ 145,000
Santa Rosa, Florida 1 $ 295,000 $ 295,000 $ 91,000
St. Johns, Florida 1 $ 285,000 $ 285,000 $ 81,000
Volusia, Florida 1 $ 265,000 $ 265,000 $ 109,000
Clayton, Georgia 1 $ 275,000 $ 275,000 $ 63,000
Paulding, Georgia 1 $ 225,000 $ 225,000 $ 49,000
Nez Perce, Idaho 1 $ 275,000 $ 275,000 $ 67,000
Cook, Illinois 1 $ 165,000 $ 165,000 $ 65,000
Kane, Illinois 1 $ 225,000 $ 225,000 $ 79,000
Lafayette, Louisiana 1 $ 325,000 $ 325,000 $ 266,000
Orleans, Louisiana 1 $ 305,000 $ 305,000 $ 58,000
Ouachita, Louisiana 1 $ 405,000 $ 405,000 $ 94,000
Cumberland, Maine 1 $ 395,000 $ 395,000 $ 133,000
Baltimore, Maryland 1 $ 425,000 $ 425,000 $ 100,000
Baltimore City, Maryland 1 $ 135,000 $ 135,000 $ 161,000
Cecil, Maryland 1 $ 255,000 $ 255,000 $ 48,000
Charles, Maryland 1 $ 475,000 $ 475,000 $ 164,000
Harford, Maryland 1 $ 235,000 $ 235,000 $ 82,000
Montgomery, Maryland 1 $ 485,000 $ 485,000 $ 110,000
Bristol, Massachusetts 1 $ 255,000 $ 255,000 $ 143,000
Middlesex, Massachusetts 1 $ 555,000 $ 555,000 $ 125,000
Plymouth, Massachusetts 1 $ 225,000 $ 225,000 $ 47,000
Worcester, Massachusetts 1 $ 355,000 $ 355,000 $ 68,000
St. Clair, Michigan 1 $ 305,000 $ 305,000 $ 153,000
Washtenaw, Michigan 1 $ 255,000 $ 255,000 $ 103,000
Goodhue, Minnesota 1 $ 435,000 $ 435,000 $ 127,000
Hillsborough, New Hampshire 1 $ 385,000 $ 385,000 $ 65,000
Merrimack, New Hampshire 1 $ 235,000 $ 235,000 $ 110,000
Atlantic, New Jersey 1 $ 255,000 $ 255,000 $ 134,000
Burlington, New Jersey 1 $ 385,000 $ 385,000 $ 134,000
Cumberland, New Jersey 1 $ 205,000 $ 205,000 $ 67,000
Morris, New Jersey 1 $ 625,000 $ 625,000 $ 235,000
Passaic, New Jersey 1 $ 205,000 $ 205,000 $ 49,000
Somerset, New Jersey 1 $ 135,000 $ 135,000 $ 126,000
Bernalillo, New Mexico 1 $ 275,000 $ 275,000 $ 67,000
Cabarrus, North Carolina 1 $ 495,000 $ 495,000 $ 206,000
Duplin, North Carolina 1 $ 275,000 $ 275,000 $ 107,000
Durham, North Carolina 1 $ 185,000 $ 185,000 $ 31,000
Harnett, North Carolina 1 $ 155,000 $ 155,000 $ 51,000
Mecklenburg, North Carolina 1 $ 335,000 $ 335,000 $ 105,000
New Hanover, North Carolina 1 $ 285,000 $ 285,000 $ 162,000
Hocking, Ohio 1 $ 305,000 $ 305,000 $ 107,000
Multnomah, Oregon 1 $ 335,000 $ 335,000 $ 88,000
Butler, Pennsylvania 1 $ 455,000 $ 455,000 $ 88,000
Carbon, Pennsylvania 1 $ 355,000 $ 355,000 $ 126,000
Montgomery, Pennsylvania 1 $ 215,000 $ 215,000 $ 105,000
Philadelphia, Pennsylvania 1 $ 285,000 $ 285,000 $ 55,000
York, Pennsylvania 1 $ 195,000 $ 195,000 $ 42,000
Berkeley, South Carolina 1 $ 355,000 $ 355,000 $ 70,000
Horry, South Carolina 1 $ 165,000 $ 165,000 $ 141,000
Lexington, South Carolina 1 $ 365,000 $ 365,000 $ 127,000
Oconee, South Carolina 1 $ 275,000 $ 275,000 $ 97,000
Davidson, Tennessee 1 $ 205,000 $ 205,000 $ 40,000
Fayette, Tennessee 1 $ 485,000 $ 485,000 $ 163,000
Hickman, Tennessee 1 $ 285,000 $ 285,000 $ 75,000
Scott, Tennessee 1 $ 545,000 $ 545,000 $ 171,000
Shelby, Tennessee 1 $ 285,000 $ 285,000 $ 98,000
Sumner, Tennessee 1 $ 265,000 $ 265,000 $ 111,000
Angelina, Texas 1 $ 195,000 $ 195,000 $ 60,000
Bexar, Texas 1 $ 285,000 $ 285,000 $ 83,000
Comal, Texas 1 $ 165,000 $ 165,000 $ 95,000
Dallas, Texas 1 $ 425,000 $ 425,000 $ 180,000
Denton, Texas 1 $ 155,000 $ 155,000 $ 108,000
Ector, Texas 1 $ 175,000 $ 175,000 $ 61,000
Gregg, Texas 1 $ 205,000 $ 205,000 $ 149,000
Hood, Texas 1 $ 585,000 $ 585,000 $ 134,000
Bedford, Virginia 1 $ 265,000 $ 265,000 $ 178,000
Caroline, Virginia 1 $ 225,000 $ 225,000 $ 60,000
Chesapeake, Virginia 1 $ 565,000 $ 565,000 $ 130,000
Hampton, Virginia 1 $ 445,000 $ 445,000 $ 0
James City, Virginia 1 $ 795,000 $ 795,000 $ 141,000
Stafford, Virginia 1 $ 455,000 $ 455,000 $ 161,000
Winchester, Virginia 1 $ 235,000 $ 235,000 $ 57,000

Mortgage Loan Application Detail Totals for Prime Choice Funding Inc. in 2022

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Cash-out Refinancing 248 $93,140,000 $375,000 $905,000 $112,000 $574,000
Refinancing 145 $56,745,000 $391,000 $1,735,000 $124,000 $711,000
Home Purchase 92 $42,140,000 $458,000 $1,285,000 $129,000 $546,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0
Home Improvement 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not Provided 256 $99,740,000 $389,000 $1,735,000 $123,000 $644,000
White 117 $47,315,000 $404,000 $1,285,000 $119,000 $322,000
Hispanic 70 $25,390,000 $362,000 $645,000 $103,000 $711,000
Asian 21 $9,685,000 $461,000 $1,025,000 $126,000 $258,000
Black or African American 21 $9,895,000 $471,000 $1,015,000 $101,000 $297,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 314 $123,380,000 $392,000 $1,735,000 $132,000 $711,000
VA-guaranteed (Veterans Administration) 105 $44,715,000 $425,000 $1,025,000 $103,000 $319,000
FHA-insured (Federal Housing Administration) 66 $23,930,000 $362,000 $755,000 $79,000 $186,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 257 $101,745,000 $395,000 $1,735,000 $120,000 $574,000
Application Withdrawn By Applicant 75 $30,025,000 $400,000 $1,015,000 $117,000 $326,000
Application Approved But Not Accepted 73 $25,265,000 $346,000 $725,000 $115,000 $644,000
Application Denied By Financial Institution 52 $23,390,000 $449,000 $915,000 $113,000 $374,000
File Closed For Incompleteness 28 $11,600,000 $414,000 $1,085,000 $133,000 $711,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 433 $168,635,000 $389,000 $1,735,000 $119,000 $711,000
Other 26 $13,440,000 $516,000 $915,000 $114,000 $258,000
Debt-To-Income Ratio 8 $2,820,000 $352,000 $535,000 $78,000 $241,000
Credit History 7 $2,165,000 $309,000 $415,000 $102,000 $162,000
Unverifiable Information 4 $2,010,000 $502,000 $825,000 $117,000 $250,000
Collateral 4 $1,710,000 $427,000 $905,000 $139,000 $272,000
Credit Application Incomplete 1 $105,000 $105,000 $105,000 $66,000 $66,000
Employment History 1 $325,000 $325,000 $325,000 $114,000 $114,000
Mortgage Insurance Denied 1 $815,000 $815,000 $815,000 $374,000 $374,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Prime Choice Funding Inc.'s 2022 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Prime Choice Funding Inc.'s mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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