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PRINCETON MORTGAGE CORPORATION
Independent Mortgage Company|Ewing, NJ|Near-National
Loans Originated
783
Applications
1,217
Volume
$258 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.416%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,100
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
64.3%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in FHA and VA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Report Card
PRINCETON MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Near-National · 23 metro areas · 25 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$330,619
Average Borrower Income
$136,688
Average Property Value
$416,162
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Sound | Acceptable | Acceptable | 516 | 65.9% | +0.396% | $3,226 |
FHA Loans | Sound | Strong | Acceptable | Sound | 189 | 24.1% | +0.675% | $2,981 |
VA Loans | Sound | Strong | Acceptable | Sound | 62 | 7.9% | -0.173% | $2,663 |
USDA Loans | Acceptable | Sound | N/A | Acceptable | 11 | 1.4% | +0.291% | $1,708 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Sound | 699 | 89.3% | +0.435% | $3,085 |
Refinance | Acceptable | Sound | Acceptable | Acceptable | 84 | 10.7% | +0.244% | $3,234 |
Geographic Coverage
Metro Areas
22
States Served
25
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALARAZCACODEFLGAILKSLAMAMDMIMSNCNJNMOHPASCTNTXVAWV
Top Metro Areas by Place Specialization Score
1
Philadelphia, PA, PAMSA
Volume: 109Mix: 13.92%
Place Specialization
Strong
2
Montgomery County, PAMSA
Volume: 79Mix: 10.09%
Place Specialization
Strong
3
Charleston, SCMSA
Volume: 57Mix: 7.28%
Place Specialization
Strong
4
Birmingham, AL, ALMSA
Volume: 42Mix: 5.36%
Place Specialization
Strong
5
Greenville, SCMSA
Volume: 31Mix: 3.96%
Place Specialization
Sound
6
Mobile, AL, ALMSA
Volume: 24Mix: 3.07%
Place Specialization
Sound
7
Trenton, NJMSA
Volume: 20Mix: 2.55%
Place Specialization
Sound
8
Atlanta, GAMSA
Volume: 44Mix: 5.62%
Place Specialization
Sound
9
Marietta, GA, GAMSA
Volume: 26Mix: 3.32%
Place Specialization
Sound
10
Camden, NJ, NJMSA
Volume: 21Mix: 2.68%
Place Specialization
Sound
Showing 10 of 22 metro areas
Top States by Place Specialization Score
1
PAState
Volume: 235Mix: 30.01%
Place Specialization
Strong
2
SCState
Volume: 119Mix: 15.20%
Place Specialization
Strong
3
ALState
Volume: 93Mix: 11.88%
Place Specialization
Strong
4
NJState
Volume: 80Mix: 10.22%
Place Specialization
Strong
5
GAState
Volume: 77Mix: 9.83%
Place Specialization
Sound
6
MSState
Volume: 31Mix: 3.96%
Place Specialization
Sound
7
VAState
Volume: 29Mix: 3.70%
Place Specialization
Sound
8
TNState
Volume: 20Mix: 2.55%
Place Specialization
Sound
9
ILState
Volume: 16Mix: 2.04%
Place Specialization
Sound
10
TXState
Volume: 23Mix: 2.94%
Place Specialization
Sound
Showing 10 of 11 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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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