Primus Lending Corp

Los Angeles, CA

Primus Lending Corp processed 30 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 14 loans with a 10.0% denial rate. Home Purchase was the primary loan purpose. Based in Los Angeles, CA. The approval rate of 46.7% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Primus Lending Corp's 46.7% origination rate tells you how often an application turned into funded money; the 10.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in FHA loans (17 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

30
Applications
14
Originated
10.0%
Denial Rate
$606,000
Avg Loan Amount
Avg Interest Rate: 6.778% Avg Applicant Income: $43,000

Lending Activity

Type Applications Originated Denied Avg Loan
FHA 17 8 2 $622,059
Conventional 11 6 1 $567,727
VA 2 0 0 $680,000

Top loan types - Primus Lending Corp

Top loan types - Primus Lending Corp Horizontal bar chart of the top 3 items by value (applications). Top loan types - Primus Lending Corp Top 3 1. FHA 17 2. Conventional 11 3. VA 2 Top 5 loan types by application volume at Primus Lending Corp (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Primus Lending Corp (LEI: 5493007ABXGXVK31KE79) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 19 8 $664,474
Cash-out Refinancing 9 5 $463,889
Refinancing 2 1 $690,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
Black or African American * 21 47.6% 14.3%
Asian * 4 50.0% 0.0%
White * 4 25.0% 0.0%
Joint * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino * 28 46.4% 10.7%
Hispanic or Latino * 2 50.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in CA

Other HMDA-reporting lenders in CA with similar activity. Compare any two side-by-side.

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Primus Lending Corp process?
Primus Lending Corp processed 30 mortgage applications in the 2024 HMDA reporting year. Of these, 14 were originated (approved and funded), 6 were withdrawn by the applicant, and 3 were denied.
What is Primus Lending Corp's mortgage approval rate?
Primus Lending Corp has an approval (origination) rate of 46.7%, meaning 46.7% of all applications resulted in a funded mortgage. The denial rate is 10.0%.
What is the average loan amount at Primus Lending Corp?
The average mortgage loan amount at Primus Lending Corp is $606,000. The average interest rate is 6.778%. The average applicant income is $43,000.
What are the most common reasons for mortgage denial at Primus Lending Corp?
The most common reasons for mortgage denial at Primus Lending Corp are: Debt-to-income ratio. In total, 3 applications were denied out of 30 total applications.
What types of mortgage loans does Primus Lending Corp offer?
Primus Lending Corp processes FHA, Conventional, VA loans. The most common type is FHA with 17 applications and an average loan amount of $622,059.
What loan purposes does Primus Lending Corp serve?
Primus Lending Corp serves the following loan purposes: Home Purchase (19 applications), Cash-out Refinancing (9 applications), Refinancing (2 applications). Home Purchase is the most common purpose.
Where is Primus Lending Corp located?
Primus Lending Corp is headquartered in Los Angeles, CA. The lender is identified by LEI 5493007ABXGXVK31KE79 in HMDA data.
How does Primus Lending Corp compare in lending across racial demographics?
Primus Lending Corp reports demographic lending data under HMDA requirements. Black or African American applicants have an approval rate of 47.6% and denial rate of 14.3%; Asian applicants have an approval rate of 50.0% and denial rate of 0.0%; White applicants have an approval rate of 25.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.