# PRESTON HOME LOANS INC

> **Canonical URL:** https://saferate.com/lenders/preston-home-loans


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


PRESTON HOME LOANS INC is a independent mortgage company, headquartered in Grand Blanc, MI, serving borrowers across 5 states, with 1,039 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 86% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 25% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 254900A9IPKYRVXEJ156
- **Headquarters:** Grand Blanc, MI
- **Geographic Reach:** Regional
- **States Served:** 5
- **State List:** FL, IN, MI, SC, TX
- **Markets (MSAs):** 11
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 99.7%
- **Brokered/Wholesale:** 0.3%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 14/100
- Rating: ●○○○○ (1/5)

### Pull Through: Strong 😀
- Score: 75/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.827%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,849
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,039
- **Dollar Volume:** $208 million
- **Applications Received:** 1,432
- **Market Share:** 3.00%

## Typical Borrower Profile

- **Average Loan Amount:** $200,284
- **Average Borrower Income:** $94,010
- **Average Property Value:** $238,927

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 72/100 | 565 | +0.683% | $2,775 | Strong 😀 |
| FHA | 81/100 | 407 | +1.154% | $2,907 | Exceptional 🤩 |
| VA | 69/100 | 39 | +0.423% | $3,942 | Strong 😀 |
| USDA | 78/100 | 28 | +0.941% | $2,661 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 526 loans, Score: 73/100 (Strong)
- Refinance: 39 loans, Score: 42/100 (Sound)

**FHA:**
- Purchase: 389 loans, Score: 81/100 (Exceptional)

**VA:**
- Purchase: 38 loans, Score: 69/100 (Strong)

**USDA:**
- Purchase: 28 loans, Score: 78/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 78/100 | 981 | $196M | +0.844% | Strong 😀 |
| Refinance | 56/100 | 58 | $12M | +0.621% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MI | 989 | 0.87% | 86/100 |
| TX | 29 | 0.01% | 43/100 |
| FL | 18 | 0.01% | 38/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Flint, MI | MI | 397 | 100/100 |
| Warren | MI | 222 | 76/100 |
| Non |  | 177 | 60/100 |
| Saginaw, MI | MI | 63 | 77/100 |
| Detroit | MI | 49 | 60/100 |
| Grand Rapids | MI | 27 | 51/100 |
| Bay City, MI | MI | 20 | 57/100 |
| Lansing | MI | 18 | 49/100 |
| Ann Arbor, MI | MI | 10 | 42/100 |
| Dallas | TX | 10 | 37/100 |
| Fort Worth | TX | 10 | 39/100 |

## Where This Lender Ranks

PRESTON HOME LOANS INC appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#4** in Flint, MI for USDA Loans
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders/usda-loans)
- 🏆 **#4** in Flint, MI for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🏆 **#6** in Bay City, MI for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/bay-city-mi/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#7** in Bay City, MI Mortgage Companies
  - [View Full Rankings](https://saferate.com/bay-city-mi/best-mortgage-lenders/mortgage-companies)
- 🏆 **#7** in Bay City, MI for FHA Loans
  - [View Full Rankings](https://saferate.com/bay-city-mi/best-mortgage-lenders/fha-loans)
- 🏆 **#8** in Flint, MI for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders/mortgage-companies/va-loans)
- 🏆 **#8** in Saginaw, MI for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/saginaw-mi/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#8** in Bay City, MI for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/bay-city-mi/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#10** in Flint, MI for VA Loans
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders/va-loans)
- 🏆 **#10** in Saginaw, MI Mortgage Companies
  - [View Full Rankings](https://saferate.com/saginaw-mi/best-mortgage-lenders/mortgage-companies)
- 🏆 **#11** in Saginaw, MI for FHA Loans
  - [View Full Rankings](https://saferate.com/saginaw-mi/best-mortgage-lenders/fha-loans)
- 🏆 **#12** in Saginaw, MI for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/saginaw-mi/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#15** in Bay City, MI
  - [View Full Rankings](https://saferate.com/bay-city-mi/best-mortgage-lenders)
- 🏆 **#19** in Saginaw, MI
  - [View Full Rankings](https://saferate.com/saginaw-mi/best-mortgage-lenders)
- 🏆 **#20** in Bay City, MI for Conventional Loans
  - [View Full Rankings](https://saferate.com/bay-city-mi/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does PRESTON HOME LOANS INC offer?

PRESTON HOME LOANS INC offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does PRESTON HOME LOANS INC offer mortgages?

PRESTON HOME LOANS INC offers mortgages in 5 states: FL, IN, MI, SC, TX.

### How competitive are PRESTON HOME LOANS INC's mortgage rates?

PRESTON HOME LOANS INC has a pricing score of 14/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.827% above market average.

### What type of lender is PRESTON HOME LOANS INC?

PRESTON HOME LOANS INC is a non-depository lender that specializes in mortgage origination, headquartered in Grand Blanc, MI.

### What is PRESTON HOME LOANS INC's loan approval success rate?

PRESTON HOME LOANS INC has a pull-through score of 75/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/preston-home-loans

### How to Cite

> "PRESTON HOME LOANS INC Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/preston-home-loans

---

**[View Interactive Profile →](https://saferate.com/lenders/preston-home-loans)**