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records Prime Choice Funding Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 56 | $ 28,810,000 | $ 514,464 | $ 138,000 |
| Riverside-San Bernardino-Ontario, CA | 43 | $ 18,275,000 | $ 425,000 | $ 114,000 |
| Outside any metro area | 23 | $ 7,165,000 | $ 311,521 | $ 96,652 |
| Phoenix-Mesa-Scottsdale, AZ | 23 | $ 7,915,000 | $ 344,130 | $ 113,000 |
| Anaheim-Santa Ana-Irvine, CA | 22 | $ 10,680,000 | $ 485,454 | $ 158,000 |
| San Diego-Carlsbad, CA | 19 | $ 9,615,000 | $ 506,052 | $ 132,000 |
| Houston-The Woodlands-Sugar Land, TX | 18 | $ 4,880,000 | $ 271,111 | $ 94,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 17 | $ 7,785,000 | $ 457,941 | $ 143,529 |
| Sacramento--Roseville--Arden-Arcade, CA | 13 | $ 5,635,000 | $ 433,461 | $ 107,000 |
| Atlanta-Sandy Springs-Roswell, GA | 12 | $ 3,320,000 | $ 276,666 | $ 73,000 |
| Austin-Round Rock, TX | 11 | $ 4,285,000 | $ 389,545 | $ 132,000 |
| New York-Jersey City-White Plains, NY-NJ | 11 | $ 3,575,000 | $ 325,000 | $ 145,000 |
| Oakland-Hayward-Berkeley, CA | 11 | $ 5,895,000 | $ 535,909 | $ 141,000 |
| Baltimore-Columbia-Towson, MD | 8 | $ 2,610,000 | $ 326,250 | $ 141,000 |
| Denver-Aurora-Lakewood, CO | 8 | $ 3,540,000 | $ 442,500 | $ 133,000 |
| New York-Newark, NY | 8 | $ 2,350,000 | $ 293,750 | $ 105,000 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 2,450,000 | $ 408,333 | $ 147,000 |
| Bakersfield, CA | 5 | $ 1,615,000 | $ 323,000 | $ 78,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 1,775,000 | $ 355,000 | $ 93,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 5 | $ 2,525,000 | $ 505,000 | $ 197,000 |
| Tucson, AZ | 5 | $ 1,555,000 | $ 311,000 | $ 109,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 5 | $ 2,525,000 | $ 505,000 | $ 100,000 |
| Colorado Springs, CO | 4 | $ 1,740,000 | $ 435,000 | $ 126,000 |
| Fresno, CA | 4 | $ 1,220,000 | $ 305,000 | $ 46,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 4 | $ 1,500,000 | $ 375,000 | $ 110,000 |
| Newark, NJ-PA | 4 | $ 1,590,000 | $ 397,500 | $ 134,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 4 | $ 1,530,000 | $ 382,500 | $ 92,000 |
| San Francisco-Redwood City-South San Francisco, CA | 4 | $ 2,770,000 | $ 692,500 | $ 170,000 |
| Stockton-Lodi, CA | 4 | $ 1,680,000 | $ 420,000 | $ 70,000 |
| Jacksonville, FL | 3 | $ 885,000 | $ 295,000 | $ 88,000 |
| Lake Havasu City-Kingman, AZ | 3 | $ 825,000 | $ 275,000 | $ 127,000 |
| Lakeland-Winter Haven, FL | 3 | $ 935,000 | $ 311,666 | $ 29,000 |
| Montgomery County-Bucks County-Chester County, PA | 3 | $ 1,085,000 | $ 361,666 | $ 115,000 |
| Port St. Lucie, FL | 3 | $ 945,000 | $ 315,000 | $ 100,000 |
| Richmond, VA | 3 | $ 855,000 | $ 285,000 | $ 120,000 |
| Santa Rosa, CA | 3 | $ 1,755,000 | $ 585,000 | $ 152,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 830,000 | $ 415,000 | $ 104,000 |
| Brunswick, GA | 2 | $ 1,230,000 | $ 615,000 | $ 151,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 830,000 | $ 415,000 | $ 155,000 |
| Corpus Christi, TX | 2 | $ 330,000 | $ 165,000 | $ 160,000 |
| Dallas-Plano-Irving, TX | 2 | $ 580,000 | $ 290,000 | $ 144,000 |
| El Paso, TX | 2 | $ 440,000 | $ 220,000 | $ 122,000 |
| Eugene, OR | 2 | $ 790,000 | $ 395,000 | $ 132,000 |
| Florence, SC | 2 | $ 630,000 | $ 315,000 | $ 64,000 |
| Gainesville, GA | 2 | $ 1,020,000 | $ 510,000 | $ 57,000 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 490,000 | $ 245,000 | $ 84,000 |
| Knoxville, TN | 2 | $ 570,000 | $ 285,000 | $ 49,000 |
| Memphis, TN-MS-AR | 2 | $ 770,000 | $ 385,000 | $ 130,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 710,000 | $ 355,000 | $ 85,000 |
| Modesto, CA | 2 | $ 630,000 | $ 315,000 | $ 91,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 940,000 | $ 470,000 | $ 135,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 520,000 | $ 260,000 | $ 70,000 |
| Raleigh, NC | 2 | $ 750,000 | $ 375,000 | $ 113,000 |
| Rockingham County-Strafford County, NH | 2 | $ 810,000 | $ 405,000 | $ 84,000 |
| Salisbury, MD-DE | 2 | $ 950,000 | $ 475,000 | $ 311,000 |
| San Antonio-New Braunfels, TX | 2 | $ 450,000 | $ 225,000 | $ 89,000 |
| Santa Fe, NM | 2 | $ 520,000 | $ 260,000 | $ 114,000 |
| Sierra Vista-Douglas, AZ | 2 | $ 800,000 | $ 400,000 | $ 67,000 |
| Trenton, NJ | 2 | $ 510,000 | $ 255,000 | $ 77,000 |
| Vallejo-Fairfield, CA | 2 | $ 1,240,000 | $ 620,000 | $ 224,000 |
| Visalia-Porterville, CA | 2 | $ 430,000 | $ 215,000 | $ 66,000 |
| Albuquerque, NM | 1 | $ 275,000 | $ 275,000 | $ 67,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 355,000 | $ 355,000 | $ 126,000 |
| Ann Arbor, MI | 1 | $ 255,000 | $ 255,000 | $ 103,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 255,000 | $ 255,000 | $ 134,000 |
| Birmingham-Hoover, AL | 1 | $ 355,000 | $ 355,000 | $ 106,000 |
| Boston, MA | 1 | $ 225,000 | $ 225,000 | $ 47,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 335,000 | $ 335,000 | $ 93,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 555,000 | $ 555,000 | $ 125,000 |
| Camden, NJ | 1 | $ 385,000 | $ 385,000 | $ 134,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 485,000 | $ 485,000 | $ 98,000 |
| Charleston-North Charleston, SC | 1 | $ 355,000 | $ 355,000 | $ 70,000 |
| Chicago-Naperville, IL | 1 | $ 165,000 | $ 165,000 | $ 65,000 |
| Columbia, SC | 1 | $ 365,000 | $ 365,000 | $ 127,000 |
| Columbus, OH | 1 | $ 305,000 | $ 305,000 | $ 107,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 265,000 | $ 265,000 | $ 109,000 |
| Durham-Chapel Hill, NC | 1 | $ 185,000 | $ 185,000 | $ 31,000 |
| Elgin, IL | 1 | $ 225,000 | $ 225,000 | $ 79,000 |
| Fayetteville, NC | 1 | $ 155,000 | $ 155,000 | $ 51,000 |
| Greeley, CO | 1 | $ 505,000 | $ 505,000 | $ 117,000 |
| Homosassa Springs, FL | 1 | $ 505,000 | $ 505,000 | $ 169,000 |
| Huntsville, AL | 1 | $ 455,000 | $ 455,000 | $ 148,000 |
| Lafayette, LA | 1 | $ 325,000 | $ 325,000 | $ 266,000 |
| Lewiston, ID-WA | 1 | $ 275,000 | $ 275,000 | $ 67,000 |
| Longview, TX | 1 | $ 205,000 | $ 205,000 | $ 149,000 |
| Lynchburg, VA | 1 | $ 265,000 | $ 265,000 | $ 178,000 |
| Madera, CA | 1 | $ 135,000 | $ 135,000 | $ 31,000 |
| Manchester-Nashua, NH | 1 | $ 385,000 | $ 385,000 | $ 65,000 |
| Merced, CA | 1 | $ 385,000 | $ 385,000 | $ 77,000 |
| Monroe, LA | 1 | $ 405,000 | $ 405,000 | $ 94,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 165,000 | $ 165,000 | $ 141,000 |
| New Haven-Milford, CT | 1 | $ 255,000 | $ 255,000 | $ 55,000 |
| New Orleans-Metairie, LA | 1 | $ 305,000 | $ 305,000 | $ 58,000 |
| Odessa, TX | 1 | $ 175,000 | $ 175,000 | $ 61,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 325,000 | $ 325,000 | $ 240,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 285,000 | $ 285,000 | $ 326,000 |
| Panama City, FL | 1 | $ 305,000 | $ 305,000 | $ 50,000 |
| Philadelphia, PA | 1 | $ 285,000 | $ 285,000 | $ 55,000 |
| Pittsburgh, PA | 1 | $ 455,000 | $ 455,000 | $ 88,000 |
| Portland-South Portland, ME | 1 | $ 395,000 | $ 395,000 | $ 133,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 225,000 | $ 225,000 | $ 61,000 |
| Providence-Warwick, RI-MA | 1 | $ 255,000 | $ 255,000 | $ 143,000 |
| Sebastian-Vero Beach, FL | 1 | $ 255,000 | $ 255,000 | $ 20,000 |
| Vineland-Bridgeton, NJ | 1 | $ 205,000 | $ 205,000 | $ 67,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 305,000 | $ 305,000 | $ 153,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 485,000 | $ 485,000 | $ 110,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 405,000 | $ 405,000 | $ 145,000 |
| Wilmington, DE-MD-NJ | 1 | $ 255,000 | $ 255,000 | $ 48,000 |
| Wilmington, NC | 1 | $ 285,000 | $ 285,000 | $ 162,000 |
| Winchester, VA-WV | 1 | $ 235,000 | $ 235,000 | $ 57,000 |
| Worcester, MA-CT | 1 | $ 355,000 | $ 355,000 | $ 68,000 |
| York-Hanover, PA | 1 | $ 195,000 | $ 195,000 | $ 42,000 |
| Yuba City, CA | 1 | $ 405,000 | $ 405,000 | $ 105,000 |
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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