Platinum Home Mortgage Corporation Rates, Fees & Info

Chicago, IL

LEI: 254900D8UVDBN0LNLV64

Tax ID: 43-1653688

2 stars - Updated: 2/26/24 - out of 5 stars, based on 44 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Platinum Home Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Platinum Home Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Detroit, Bakersfield, Riverside, San Francisco, and Chicago among others. We have data for 127 markets. (Some data included below & more in-depth data is available with an active subscription.)

Platinum Home Mortgage Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Platinum Home Mortgage Corporation is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.40% 2/26/24
30 Year Conventional Refi 6.74% 2/26/24
30 Year Cash-out Refi 7.13% 2/26/24
30 Year FHA Purchase 7.65% 2/26/24
30 Year FHA Refi 7.40% 2/26/24
30 Year VA Purchase 6.58% 2/26/24
30 Year VA Refi 6.27% 2/26/24
30 Year USDA Purchase 6.66% 2/26/24
30 Year USDA Refi 6.93% 2/26/24
15 Year Conventional Purchase 6.82% 2/26/24
15 Year Conventional Refi 6.14% 2/26/24
15 Year Cash-out Refi 6.14% 2/26/24
15 Year FHA Purchase 5.68% 2/26/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Platinum Home Mortgage Corporation Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Platinum Home Mortgage Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,897

Origination Dollar Volume (All Markets)

$513,025,000

Relative Rate

Platinum Home Mortgage Corporation's average 30 year fixed mortgage rate was 4.84%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.08%.

Relative Fees (Closing Costs)

Platinum Home Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $9,240.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 433 $94,235,000 $217,633 $5,186 4.99%
Outside of Metro Areas 144 $52,160,000 $362,222 $8,469 4.89%
BAKERSFIELD, CA (FHA|USDA|VA) 194 $50,650,000 $261,082 $9,240 4.49%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 128 $40,480,000 $316,250 $9,288 4.64%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 103 $40,105,000 $389,369 $11,966 4.22%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 130 $35,360,000 $272,000 $10,002 5.09%
VISALIA, CA (FHA|USDA|VA) 79 $20,615,000 $260,949 $9,993 4.43%
Outside of Metro Areas 91 $20,065,000 $220,495 $10,423 5.19%
FRESNO, CA (FHA|USDA|VA) 77 $16,225,000 $210,714 $8,611 4.21%
VALLEJO, CA (FHA|USDA|VA) 42 $13,620,000 $324,286 $11,280 3.45%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 53 $10,135,000 $191,226 $14,848 4.91%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 17 $7,695,000 $452,647 $13,409 4.70%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 12 $6,510,000 $542,500 $12,439 4.96%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 12 $6,300,000 $525,000 $16,058 4.69%
STOCKTON, CA (FHA|USDA|VA) 23 $6,025,000 $261,957 $9,355 3.85%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 16 $5,890,000 $368,125 $10,831 5.35%
Sandpoint, ID (FHA|USDA|VA) 14 $5,320,000 $380,000 $9,643 4.72%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 21 $4,945,000 $235,476 $7,204 5.22%
HINESVILLE, GA (FHA|USDA|VA) 17 $3,685,000 $216,765 $13,507 5.60%
FLINT, MI (FHA|USDA|VA) 16 $3,620,000 $226,250 $7,009 5.32%
Moscow, ID (FHA|USDA|VA) 10 $3,340,000 $334,000 $6,952 5.25%
MADERA, CA (FHA|USDA|VA) 10 $3,330,000 $333,000 $11,389 5.50%
Dublin, GA (FHA|USDA|VA) 14 $2,610,000 $186,429 $12,726 5.43%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 12 $2,360,000 $196,667 $12,334 5.20%
MONROE, MI (FHA|USDA|VA) 11 $2,295,000 $208,636 $7,338 4.65%
Statesboro, GA (FHA|USDA|VA) 8 $1,950,000 $243,750 $15,210 5.58%
Jesup, GA (FHA|USDA|VA) 9 $1,765,000 $196,111 $13,503 6.10%
MODESTO, CA (FHA|USDA|VA) 5 $1,725,000 $345,000 $11,495 4.80%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 6 $1,650,000 $275,000 $9,118 5.65%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,615,000 $538,333 $12,595 4.29%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $1,590,000 $265,000 $12,244 4.94%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 5 $1,565,000 $313,000 $7,353 4.33%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 9 $1,515,000 $168,333 $5,255 5.29%
SAVANNAH, GA (FHA|USDA|VA) 7 $1,515,000 $216,429 $14,125 4.77%
ROCKFORD, IL (FHA|USDA|VA) 9 $1,395,000 $155,000 $7,139 5.14%
Shelby, NC (FHA|USDA|VA) 5 $1,355,000 $271,000 $6,828 4.75%
Vidalia, GA (FHA|USDA|VA) 7 $1,355,000 $193,571 $12,451 5.34%
MERCED, CA (FHA|USDA|VA) 5 $1,315,000 $263,000 $9,930 5.95%
Milledgeville, GA (FHA|USDA|VA) 7 $1,295,000 $185,000 $12,849 4.45%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 9 $1,285,000 $142,778 $6,704 5.60%
WARNER ROBINS, GA (FHA|USDA|VA) 6 $1,110,000 $185,000 $11,706 4.58%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,105,000 $368,333 $6,663 3.79%
Pullman, WA (FHA|USDA|VA) 3 $1,065,000 $355,000 $6,260 5.46%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,000,000 $500,000 $17,751 5.25%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $985,000 $328,333 $11,321 5.62%
Adrian, MI (FHA|USDA|VA) 2 $810,000 $405,000 $6,734 4.62%
ANN ARBOR, MI (FHA|USDA|VA) 3 $735,000 $245,000 $9,126 3.58%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $685,000 $228,333 $16,582 5.58%
NILES, MI (FHA|USDA|VA) 2 $650,000 $325,000 $14,981 5.44%
Traverse City, MI (FHA|USDA|VA) 2 $610,000 $305,000 $3,583 3.44%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $605,000 $201,667 $13,672 4.58%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $585,000 $585,000 $6,884 3.38%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $560,000 $280,000 $14,729 3.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $560,000 $280,000 $6,135 4.75%
Ontario, OR-ID (FHA|USDA|VA) 1 $545,000 $545,000 $6,952 3.88%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $525,000 $525,000 $0 4.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $525,000 $525,000 $9,881 5.38%
WILMINGTON, NC (FHA|USDA|VA) 1 $525,000 $525,000 $11,586 4.88%
IOWA CITY, IA (FHA|USDA|VA) 1 $515,000 $515,000 $2,645 5.49%
YUBA CITY, CA (FHA|USDA|VA) 1 $515,000 $515,000 $9,611 4.50%
Key West, FL (FHA|USDA|VA) 1 $505,000 $505,000 $8,721 5.99%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $495,000 $495,000 $9,959 4.50%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $485,000 $485,000 $6,363 3.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $465,000 $465,000 $11,260 4.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $455,000 $455,000 $4,570 3.99%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $445,000 $445,000 $6,813 3.38%
Thomaston, GA (FHA|USDA|VA) 2 $440,000 $220,000 $15,988 6.75%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $430,000 $215,000 $7,809 5.18%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $425,000 $425,000 $5,489 3.50%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $415,000 $415,000 $5,925 5.63%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $405,000 $405,000 $10,426 4.75%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $405,000 $405,000 $6,724 3.88%
Helena, MT (FHA|USDA|VA) 1 $395,000 $395,000 $6,840 4.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $380,000 $190,000 $5,886 5.44%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $375,000 $375,000 $5,223 3.38%
JACKSON, MI (FHA|USDA|VA) 1 $375,000 $375,000 $11,527 3.25%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $370,000 $185,000 $9,017 6.50%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $345,000 $345,000 $6,548 5.49%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $335,000 $335,000 $16,511 6.75%
BOISE CITY, ID (FHA|USDA|VA) 1 $335,000 $335,000 $8,667 3.99%
TOLEDO, OH (FHA|USDA|VA) 1 $315,000 $315,000 $7,735 6.25%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $305,000 $305,000 $12,815 5.75%
Pahrump, NV (FHA|USDA|VA) 1 $305,000 $305,000 $8,202 3.99%
Hailey, ID (FHA|USDA|VA) 1 $295,000 $295,000 $7,387 6.00%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $295,000 $295,000 $10,591 4.49%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $295,000 $295,000 $0 6.75%
BRUNSWICK, GA (FHA|USDA|VA) 2 $290,000 $145,000 $11,117 6.19%
MUSKEGON, MI (FHA|USDA|VA) 1 $285,000 $285,000 $3,513 5.13%
Bozeman, MT (FHA|USDA|VA) 1 $285,000 $285,000 $6,974 3.38%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $285,000 $285,000 $14,135 5.99%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $285,000 $285,000 $6,422 7.13%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $285,000 $285,000 $10,137 5.25%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $285,000 $285,000 $7,774 5.99%
Rochelle, IL (FHA|USDA|VA) 1 $285,000 $285,000 $13,590 6.63%
ASHEVILLE, NC (FHA|USDA|VA) 1 $275,000 $275,000 $5,651 5.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $275,000 $275,000 $11,984 6.75%
Mount Sterling, KY (FHA|USDA|VA) 2 $260,000 $130,000 $8,003 6.25%
EL CENTRO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.63%
GRANTS PASS, OR (FHA|USDA|VA) 1 $245,000 $245,000 $9,060 3.50%
SALINAS, CA (FHA|USDA|VA) 1 $235,000 $235,000 $6,831 3.75%
SPARTANBURG, SC (FHA|USDA|VA) 1 $235,000 $235,000 $8,269 3.75%
Albemarle, NC (FHA|USDA|VA) 1 $235,000 $235,000 $0 4.75%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $235,000 $235,000 $0 4.13%
Gainesville, TX (FHA|USDA|VA) 1 $215,000 $215,000 $15,197 3.50%
Lumberton, NC (FHA|USDA|VA) 1 $215,000 $215,000 $19,833 5.75%
Forest City, NC (FHA|USDA|VA) 1 $205,000 $205,000 $11,488 5.75%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $205,000 $205,000 $7,362 5.63%
Moultrie, GA (FHA|USDA|VA) 1 $195,000 $195,000 $12,952 3.88%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $7,121 5.50%
Americus, GA (FHA|USDA|VA) 1 $185,000 $185,000 $13,173 5.50%
WACO, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 8.00%
Rockingham, NC (FHA|USDA|VA) 1 $175,000 $175,000 $10,046 5.38%
COLUMBIA, SC (FHA|USDA|VA) 1 $175,000 $175,000 $11,009 5.63%
Cadillac, MI (FHA|USDA|VA) 2 $160,000 $80,000 $0 7.44%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,701 4.88%
BEND, OR (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.99%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $155,000 $155,000 $2,772 6.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,637 4.49%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $135,000 $135,000 $7,376 4.99%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $135,000 $135,000 $8,381 5.63%
NEW BERN, NC (FHA|USDA|VA) 1 $125,000 $125,000 $8,711 5.75%
Laurinburg, NC (FHA|USDA|VA) 1 $125,000 $125,000 $8,580 4.75%
Freeport, IL (FHA|USDA|VA) 2 $120,000 $60,000 $5,421 5.44%
Alma, MI (FHA|USDA|VA) 1 $95,000 $95,000 $6,614 2.99%
Alpena, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,594 5.75%
BAY CITY, MI (FHA|USDA|VA) 1 $95,000 $95,000 $3,304 5.75%
FLORENCE, SC (FHA|USDA|VA) 1 $85,000 $85,000 $4,312 4.25%
Platinum Home Mortgage Corporation's top markets include Detroit, Bakersfield, Riverside, San Francisco, and Chicago among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,350 $364,230,000 $269,800 $6,833 4.71%
    FHA 483 $127,115,000 $263,178 $14,220 5.06%
    VA 57 $19,845,000 $348,158 $9,992 4.94%
    USDA 7 $1,835,000 $262,143 $8,496 4.71%

    For 2022, Platinum Home Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,350 originations. Their 2nd most popular type was FHA, with 483 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,458 $399,800,000 $274,211 $9,304 4.87%
    Cash Out Refi 240 $61,240,000 $255,167 $7,981 4.99%
    Refi 145 $37,545,000 $258,931 $6,678 4.03%
    Home Improvement 54 $14,440,000 $267,407 $7,827 4.39%

    For 2022, Platinum Home Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,458 originations. The 2nd most popular reason was Cash Out Refi, with 240 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,760 $483,550,000 $274,744 $9,240 4.84%
    15 Year 88 $18,190,000 $206,705 $4,828 4.21%
    20 Year 33 $8,305,000 $251,667 $5,572 4.28%
    10 Year 10 $1,090,000 $109,000 $2,781 4.12%
    Other 5 $1,685,000 $337,000 $7,520 6.30%
    30+ year 1 $205,000 $205,000 $0 5.75%

    For 2022, Platinum Home Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,760 originations. The 2nd most popular length was 15 Year, with 88 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 818 $280,340,000 $342,714
    $1k-2k 330 $73,990,000 $224,212
    $2k-3k 179 $40,205,000 $224,609
    $4k-5k 176 $48,430,000 $275,170
    $3k-4k 167 $37,455,000 $224,281
    $<1k 130 $10,990,000 $84,538

    Platinum Home Mortgage Corporation's average total fees were $9,240, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 818 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 518 $148,360,000 $286,409
    3-4% 471 $137,205,000 $291,306
    4-5% 409 $118,165,000 $288,912
    6-7% 270 $75,610,000 $280,037
    <2.5% 103 $4,425,000 $42,961
    7-8% 63 $14,965,000 $237,540
    2.5-3% 40 $11,060,000 $276,500
    Over 8% 23 $3,235,000 $140,652

    During 2022, Platinum Home Mortgage Corporation's average interest rate for loans was 4.84%, while their most frequently originated rate bucket for loans was 5-6%, with 518 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 867 $250,425,000 $288,841 $9,988 5.04%
    $100k-200k 471 $74,245,000 $157,633 $6,946 4.97%
    $400k-600k 300 $141,590,000 $471,967 $11,981 4.83%
    $100,000 or less 206 $9,510,000 $46,165 $1,918 3.33%
    $600k-1MM 51 $34,415,000 $674,804 $14,675 5.03%
    $1MM+ 2 $2,840,000 $1,420,000 $32,328 5.31%

    2022 saw Platinum Home Mortgage Corporation place emphasis on $200k-400k loans with 867 originations, totaling $250,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 532 $116,110,000 $218,252 $8,776 4.69%
    $100k-150k 420 $134,170,000 $319,452 $9,222 4.82%
    $75k-100k 411 $107,465,000 $261,472 $9,232 4.77%
    $50k or less 240 $37,500,000 $156,250 $6,378 4.60%
    $150k-250k 218 $83,300,000 $382,110 $10,664 5.26%
    $250k+ 75 $34,225,000 $456,333 $10,318 5.06%

    Platinum Home Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 532 originations. The second most popular income band? $100k-150k, with 420 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 290 $75,920,000 $261,793 $8,237 4.92%
    20-30% 244 $62,270,000 $255,205 $7,444 4.81%
    44% 124 $36,470,000 $294,113 $10,163 5.49%
    <20% 119 $16,715,000 $140,462 $2,907 2.95%
    50-60% 115 $33,965,000 $295,348 $15,612 5.17%
    49% 112 $36,850,000 $329,018 $10,730 5.08%
    43% 106 $30,220,000 $285,094 $9,831 4.95%
    41% 82 $25,150,000 $306,707 $9,764 4.88%
    46% 79 $22,635,000 $286,519 $9,865 4.81%
    48% 79 $21,935,000 $277,658 $8,942 4.89%
    38% 71 $20,235,000 $285,000 $8,940 4.81%
    42% 70 $20,210,000 $288,714 $9,406 4.84%
    40% 68 $16,400,000 $241,176 $8,323 5.15%
    37% 67 $18,515,000 $276,343 $8,508 4.73%
    36% 63 $15,865,000 $251,825 $7,438 4.69%
    47% 63 $18,205,000 $288,968 $9,914 4.60%
    45% 62 $18,940,000 $305,484 $9,103 5.18%
    39% 61 $18,725,000 $306,967 $9,125 5.19%
    >60% 2 $400,000 $200,000 $11,538 7.13%

    Platinum Home Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 290 originations. The next most common DTI ratio? 20-30%, with 244 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,385 $364,665,000 $263,296 $8,661 4.80%
    Not provided 308 $93,330,000 $303,019 $9,008 4.87%
    Asian 101 $31,995,000 $316,782 $10,965 4.80%
    Black 89 $18,985,000 $213,315 $10,318 4.71%
    American Indian 9 $2,155,000 $239,444 $8,889 4.92%
    Native Hawaiian or Islander 3 $1,125,000 $375,000 $7,904 5.42%
    Filipino 1 $475,000 $475,000 $17,491 6.00%
    Vietnamese 1 $295,000 $295,000 $10,176 3.38%

    Approval Rates

    Total approvals of all applications
    99.76%

    Platinum Home Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    67.21%

    Platinum Home Mortgage Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 3 $125,000 $41,667
    1000.0 2 $150,000 $75,000
    1150.0 3 $245,000 $81,667
    1151.0 1 $175,000 $175,000
    1230.0 3 $355,000 $118,333
    1284.0 3 $245,000 $81,667
    1289.0 1 $75,000 $75,000
    1304.0 1 $25,000 $25,000
    1493.0 1 $65,000 $65,000
    1514.0 1 $85,000 $85,000
    1550.0 2 $160,000 $80,000
    1572.36 1 $75,000 $75,000
    1600.0 1 $155,000 $155,000
    1723.0 1 $85,000 $85,000
    1820.0 1 $115,000 $115,000
    1900.0 1 $75,000 $75,000
    1950.0 1 $255,000 $255,000
    1975.0 1 $105,000 $105,000
    2209.0 1 $115,000 $115,000
    2395.0 1 $45,000 $45,000
    495.0 1 $105,000 $105,000
    929.0 1 $85,000 $85,000
    NA 1,865 $510,105,000 $273,515

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,897 $513,025,000 $270,440

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 91 $16,105,000 $176,978 $6,287 4.91%
    40-60% 163 $41,895,000 $257,025 $6,379 4.65%
    60-80% 442 $141,770,000 $320,747 $8,122 4.84%
    80-100% 1,052 $304,610,000 $289,553 $10,642 5.09%
    Over 100% 10 $3,680,000 $368,000 $15,654 5.19%
    Under 20% 139 $4,965,000 $35,719 $674 2.65%