Preston Home Loans
We analyzed every closed loan from Preston Home Loans — 1.0k loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Mediocre
1/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · USDA
Place
Sound
3/5
Regional · 10 mkts
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
Things to Think About
- Rates typically 83 basis points above market average
Explore another lender or local market
Report Card
Preston Home Loans performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+82.7 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Exceptional
Top 20% of lenders
VA
Strong
Top 40% of lenders
USDA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Regional · 11 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 565 | 54.4% | +0.683%Above | $2,775Fees | ||||
FHA Loans | 407 | 39.2% | +1.154%Above | $2,907Fees | ||||
VA Loans | 39 | 3.8% | +0.423%Above | $3,942Fees | ||||
USDA Loans | — | 28 | 2.7% | +0.941%Above | $2,661Fees |
Conventional
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume565
Mix54.4%
Spread
+0.683%Above
Fees
$2,775Fees
FHA Loans
OverallSound
ProductExceptional
PricingMediocre
Pull ThroughStrong
Volume407
Mix39.2%
Spread
+1.154%Above
Fees
$2,907Fees
VA Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume39
Mix3.8%
Spread
+0.423%Above
Fees
$3,942Fees
USDA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume28
Mix2.7%
Spread
+0.941%Above
Fees
$2,661Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 981 | 94.4% | +0.844%Above | $2,956Fees | ||||
Refinance | 58 | 5.6% | +0.621%Above | $1,568Fees |
Purchase
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume981
Mix94.4%
Spread
+0.844%Above
Fees
$2,956Fees
Refinance
OverallSound
ProductSound
PricingMediocre
Pull ThroughSound
Volume58
Mix5.6%
Spread
+0.621%Above
Fees
$1,568Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,039
Applications
1,432
Volume
$208 million
Pricing & Closing
Avg Rate Spread
+0.827%
vs. market APOR
Avg Net Fees
$2,849
Origination − Credits
Pullthrough Rate
72.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$200,284
Avg Borrower Income
$94,010
Avg Property Value
$238,927
Geographic Coverage
Geographic Performance
Metro Areas
10
markets with activity
States Served
5
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
5Midwest2
INMI
South3
FLSCTX
Top Metro Areas by Place Specialization Score
Volume 397Mix 38.21% of portfolio
100/100
Exceptional
Volume 63Mix 6.06% of portfolio
77/100
Strong
Volume 222Mix 21.37% of portfolio
76/100
Strong
Volume 49Mix 4.72% of portfolio
60/100
Strong
Volume 20Mix 1.92% of portfolio
57/100
Sound
Volume 27Mix 2.60% of portfolio
51/100
Sound
Volume 18Mix 1.73% of portfolio
49/100
Sound
Volume 10Mix 0.96% of portfolio
42/100
Sound
9© No machine-readable author provided. Billy Hathorn assumed (based on copyright claims). · CC BY-SA 3.0Fort Worth, TXMetro
Volume 10Mix 0.96% of portfolio
39/100
Acceptable
Volume 10Mix 0.96% of portfolio
37/100
AcceptableTop States by Place Specialization Score
1
MichiganState
Volume 989Mix 95.19% of portfolio
86/100
Exceptional2
TexasState
Volume 29Mix 2.79% of portfolio
43/100
Sound3
FloridaState
Volume 18Mix 1.73% of portfolio
38/100
AcceptableHow 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.