Platinum Home Mortgage Corporation Rates, Fees & Info
Chicago, ILLEI: 254900D8UVDBN0LNLV64
Tax ID: 43-1653688
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, Riverside, Los Angeles, Chicago, and Bakersfield among others. We have data for 137 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 an average 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% | 12/17/24 |
| 30 Year Conventional Refi | 6.74% | 12/17/24 |
| 30 Year Cash-out Refi | 7.13% | 12/17/24 |
| 30 Year FHA Purchase | 7.65% | 12/17/24 |
| 30 Year FHA Refi | 7.40% | 12/17/24 |
| 30 Year VA Purchase | 6.58% | 12/17/24 |
| 30 Year VA Refi | 6.27% | 12/17/24 |
| 30 Year USDA Purchase | 6.66% | 12/17/24 |
| 30 Year USDA Refi | 6.93% | 12/17/24 |
| 15 Year Conventional Purchase | 6.82% | 12/17/24 |
| 15 Year Conventional Refi | 6.14% | 12/17/24 |
| 15 Year Cash-out Refi | 6.14% | 12/17/24 |
| 15 Year FHA Purchase | 5.68% | 12/17/24 |
| 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
4,203Origination Dollar Volume (All Markets)
$941,045,000Awards
Platinum Home Mortgage Corporation - 2018
Platinum Home Mortgage Corporation is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for Platinum Home Mortgage Corporation?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 837 | $157,285,000 | $187,915 | $4,024 | 4.88% |
| Outside of Metro Areas | 405 | $97,465,000 | $240,654 | $6,021 | 4.82% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 316 | $83,970,000 | $265,728 | $7,482 | 4.53% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 207 | $76,975,000 | $371,860 | $8,228 | 4.58% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 352 | $75,620,000 | $214,830 | $7,939 | 5.03% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 368 | $75,140,000 | $204,185 | $7,500 | 4.41% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 232 | $60,530,000 | $260,905 | $5,988 | 5.24% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 148 | $46,120,000 | $311,622 | $8,990 | 4.08% |
| FRESNO, CA (FHA|USDA|VA) | 178 | $41,480,000 | $233,034 | $7,637 | 4.71% |
| STOCKTON, CA (FHA|USDA|VA) | 129 | $29,095,000 | $225,543 | $6,741 | 4.46% |
| MODESTO, CA (FHA|USDA|VA) | 71 | $15,845,000 | $223,169 | $5,819 | 4.63% |
| Pahrump, NV (FHA|USDA|VA) | 90 | $15,430,000 | $171,444 | $5,534 | 5.18% |
| VISALIA, CA (FHA|USDA|VA) | 95 | $14,785,000 | $155,632 | $6,664 | 4.23% |
| ROCKFORD, IL (FHA|USDA|VA) | 117 | $12,575,000 | $107,479 | $4,811 | 4.92% |
| VALLEJO, CA (FHA|USDA|VA) | 48 | $10,700,000 | $222,917 | $7,749 | 3.97% |
| Outside of Metro Areas | 63 | $10,125,000 | $160,714 | $4,358 | 4.92% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 33 | $9,165,000 | $277,727 | $7,339 | 4.83% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 32 | $7,950,000 | $248,438 | $7,104 | 4.82% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 11 | $6,885,000 | $625,909 | $12,127 | 4.28% |
| Sandpoint, ID (FHA|USDA|VA) | 25 | $6,665,000 | $266,600 | $5,517 | 4.71% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 40 | $6,210,000 | $155,250 | $4,959 | 5.13% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 31 | $5,635,000 | $181,774 | $4,813 | 4.96% |
| Moscow, ID (FHA|USDA|VA) | 25 | $5,565,000 | $222,600 | $5,087 | 4.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $5,265,000 | $585,000 | $19,176 | 5.23% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 19 | $4,445,000 | $233,947 | $7,599 | 4.96% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 32 | $4,030,000 | $125,938 | $5,512 | 5.27% |
| MERCED, CA (FHA|USDA|VA) | 16 | $4,020,000 | $251,250 | $7,005 | 4.70% |
| FLINT, MI (FHA|USDA|VA) | 17 | $3,195,000 | $187,941 | $4,963 | 4.90% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $2,460,000 | $410,000 | $10,907 | 5.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $1,980,000 | $495,000 | $13,512 | 4.91% |
| MADERA, CA (FHA|USDA|VA) | 11 | $1,905,000 | $173,182 | $7,245 | 4.63% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 13 | $1,695,000 | $130,385 | $5,138 | 5.72% |
| MONROE, MI (FHA|USDA|VA) | 9 | $1,475,000 | $163,889 | $4,130 | 4.92% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 8 | $1,320,000 | $165,000 | $6,371 | 4.88% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $8,779 | 4.90% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $5,242 | 5.13% |
| TULSA, OK (FHA|USDA|VA) | 7 | $1,135,000 | $162,143 | $5,535 | 4.89% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 7 | $1,105,000 | $157,857 | $5,440 | 4.70% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $14,645 | 4.81% |
| ANN ARBOR, MI (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $4,568 | 5.13% |
| Rochelle, IL (FHA|USDA|VA) | 7 | $955,000 | $136,429 | $4,968 | 4.39% |
| YUBA CITY, CA (FHA|USDA|VA) | 10 | $930,000 | $93,000 | $5,842 | 3.28% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $6,876 | 5.03% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $8,193 | 5.21% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $2,398 | 5.63% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $9,434 | 4.83% |
| Freeport, IL (FHA|USDA|VA) | 8 | $820,000 | $102,500 | $4,710 | 4.98% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $12,570 | 5.04% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $8,175 | 5.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $6,264 | 5.03% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $6,916 | 4.69% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $7,647 | 5.06% |
| Pullman, WA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $7,067 | 4.71% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $9,054 | 4.88% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $21,955 | 6.75% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $4,022 | 4.06% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $4,339 | 4.92% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $11,828 | 5.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $5,804 | 4.88% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $16,646 | 4.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,280 | 5.25% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,558 | 4.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $6,001 | 4.88% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $3,655 | 5.50% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,280 | 4.69% |
| Shelby, NC (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $5,021 | 5.21% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $7,573 | 5.13% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,521 | 5.00% |
| Cullman, AL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $12,990 | 5.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,355 | 5.38% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,815 | 4.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,644 | 4.63% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,851 | 4.94% |
| Newberry, SC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $7,669 | 5.25% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,707 | 4.75% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,894 | 5.38% |
| Starkville, MS (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $8,074 | 5.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,894 | 5.00% |
| Sonora, CA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,877 | 4.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $8,220 | 4.88% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,041 | 5.50% |
| Logansport, IN (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $4,814 | 5.42% |
| Crossville, TN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $9,123 | 4.81% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,520 | 4.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,100 | 4.88% |
| Whitewater, WI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,697 | 4.63% |
| Big Rapids, MI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,763 | 4.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $6,837 | 4.81% |
| Concord, NH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,123 | 4.75% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,175 | 4.63% |
| FLORENCE, SC (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $3,710 | 5.08% |
| JACKSON, MI (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,940 | 4.88% |
| Red Bluff, CA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $5,340 | 4.81% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,230 | 5.13% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,874 | 5.06% |
| Seneca, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,096 | 4.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,524 | 5.31% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,794 | 5.25% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,356 | 4.50% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,945 | 4.88% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,498 | 5.75% |
| Frankfort, IN (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $3,443 | 5.00% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,391 | 5.25% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,954 | 4.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $4,759 | 5.38% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,664 | 4.75% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,201 | 5.88% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,672 | 4.88% |
| Granbury, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,294 | 4.63% |
| Crawfordsville, IN (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $5,393 | 5.31% |
| Payson, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,080 | 4.38% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,581 | 5.13% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,922 | 4.88% |
| Dixon, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,199 | 5.25% |
| Forest City, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,187 | 4.63% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,793 | 5.25% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,753 | 5.50% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,976 | 4.75% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,714 | 5.25% |
| NILES, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,278 | 4.88% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,516 | 5.00% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,316 | 4.38% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,916 | 5.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,030 | 4.88% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,625 | 5.13% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,567 | 5.25% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,139 | 4.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,227 | 5.50% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,874 | 4.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $4,818 | 4.38% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,005 | 5.38% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,542 | 5.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,292 | 5.88% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,326 | 5.38% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,574 | 4.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,763 | 4.50% |
| Del Rio, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,862 | 4.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Platinum Home Mortgage Corporation based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 20
Similarity Rank: 30
Similarity Rank: 36
Similarity Rank: 72
Similarity Rank: 84
Similarity Rank: 92
Similarity Rank: 170
Similarity Rank: 187
Similarity Rank: 187
Similarity Rank: 210
Product Mix
For 2018, Platinum Home Mortgage Corporation's most frequently originated type of loan was Conventional, with 2,782 originations. Their 2nd most popular type was FHA, with 1,153 originations.
Loan Reason
For 2018, Platinum Home Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 3,569 originations. The 2nd most popular reason was Refi, with 616 originations.
Loan Duration/Length
For 2018, Platinum Home Mortgage Corporation's most frequently cited loan duration was 30 Year, with 3,967 originations. The 2nd most popular length was 15 Year, with 131 originations.
Origination Fees/Closing Costs
Platinum Home Mortgage Corporation's average total fees were $6,457, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,414 originations.
Interest Rates
During 2018, Platinum Home Mortgage Corporation's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 2,358 originations.
Loan Sizing
2018 saw Platinum Home Mortgage Corporation place emphasis on $200k-400k loans with 1,964 originations, totaling $540,760,000 in origination value.
Applicant Income
Platinum Home Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,354 originations. The second most popular income band? $50k or less, with 898 originations.
Applicant Debt to Income Ratio
Platinum Home Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 700 originations. The next most common DTI ratio? 20-30%, with 492 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.73%
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 origination68.95%
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 |
|---|---|---|---|
| NA | 4,203 | $941,045,000 | $223,898 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 73 | $10,365,000 | $141,986 |
| Single Family (1-4 Units):Site-Built | 4,130 | $930,680,000 | $225,346 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PLATINUM HOME MORTGAGE CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| PLATINUM HOME MORTGAGE CORPORATION | FHA mortgage | Trouble during payment process | 1 | 50.0% |