What loan types does Preferred Mortgage Corporation offer?

Preferred Mortgage Corporation offers the following mortgage loan types: FHA, Conventional, VA, usda. Each product has its own pricing score and performance metrics.

How competitive are Preferred Mortgage Corporation's mortgage rates?

Preferred Mortgage Corporation has an overall pricing score of 22.9/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Preferred Mortgage Corporation?

Preferred Mortgage Corporation is a Independent Mortgage Company headquartered in San Juan, PR.

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Preferred Mortgage Corporation

Independent Mortgage Company•San Juan, PRHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Preferred Mortgage Corporation — 451 loans across 646 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Exceptional

5/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · USDA

Place

Strong

4/5

unknown · 4 mkts

Awards

FHA

Superstar

Summary

What They Do Well

Strong pull through performance
Particularly strong in FHA and VA and USDA loans

Things to Think About

Rates typically 60 basis points above market average

Explore another lender or local market

Report Card

Preferred Mortgage Corporation performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+59.5 bps above market avg

Pull Through

Closing strength

Exceptional

Top 20% of lenders

By Loan Product· Specialization by type

Conventional

Acceptable

Bottom 40% of lenders

FHA

Strong

Top 40% of lenders

Strong

Top 40% of lenders

USDA

Exceptional

Top 20% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Strong

Top 40% of lenders

Refinance

Acceptable

Bottom 40% of lenders

By Location· Geographic coverage

Geographic Reach

Varies · 4 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Acceptable	Acceptable	—	Sound	34	7.5%	+1.608%Above	$4,054Fees
FHA Loans	Strong	Strong	Acceptable	Exceptional	304	67.4%	+0.703%Above	$2,981Fees
VA Loans	Sound	Strong	Acceptable	Strong	52	11.5%	+0.178%Above	$2,043Fees
USDA Loans	Exceptional	Exceptional	—	Exceptional	57	12.6%	+0.054%Above	$3,505Fees

Conventional

Overall

Acceptable

Product

Acceptable

Pricing—

Pull Through

Sound

Volume34

Mix7.5%

Spread

+1.608%Above

Fees

$4,054Fees

FHA Loans

Overall

Strong

Product

Strong

Pricing

Acceptable

Pull Through

Exceptional

Volume304

Mix67.4%

Spread

+0.703%Above

Fees

$2,981Fees

VA Loans

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Strong

Volume52

Mix11.5%

Spread

+0.178%Above

Fees

$2,043Fees

USDA Loans

Overall

Exceptional

Product

Exceptional

Pricing—

Pull Through

Exceptional

Volume57

Mix12.6%

Spread

+0.054%Above

Fees

$3,505Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Strong	Acceptable	Strong	435	96.5%	+0.602%Above	$2,835Fees
Refinance	Sound	Acceptable	—	Strong	16	3.5%	+0.513%Above	$3,088Fees

Purchase

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Strong

Volume435

Mix96.5%

Spread

+0.602%Above

Fees

$2,835Fees

Refinance

Overall

Sound

Product

Acceptable

Pricing—

Pull Through

Strong

Volume16

Mix3.5%

Spread

+0.513%Above

Fees

$3,088Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

451

Applications

646

Volume

$66 million

Pricing & Closing

Avg Rate Spread

+0.595%

vs. market APOR

Avg Net Fees

$2,855

Origination − Credits

Pullthrough Rate

69.8%

Applications → Closed

Typical Borrower

Avg Loan Amount

$146,596

Avg Borrower Income

$61,596

Avg Property Value

$179,834

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

Top Metro Areas by Place Specialization Score

San Juan, PRMetro

Volume 383Mix 84.92% of portfolio

87/100

Exceptional

Guayama, PRMetro

Volume 16Mix 3.55% of portfolio

66/100

Strong

Arecibo, PRMetro

Volume 22Mix 4.88% of portfolio

61/100

Strong

Aguadilla, PRMetro

Volume 11Mix 2.44% of portfolio

44/100

Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.