Platinum Home Mortgage Corporation Rates, Fees & Info
Chicago, ILLEI: 254900D8UVDBN0LNLV64
Tax ID: 43-1653688
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Mortgage Data
Review & Overview
Platinum Home Mortgage Corporation is a small mortgage company specializing in Home Purchase and Refi 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, Chicago, San Francisco, Bakersfield, and Riverside among others. We have data for 149 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,901Origination Dollar Volume (All Markets)
$1,441,945,000Awards
Platinum Home Mortgage Corporation - 2020
Platinum Home Mortgage Corporation is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 1,731 | $375,215,000 | $216,762 | $3,458 | 3.19% |
| Outside of Metro Areas | 624 | $172,250,000 | $276,042 | $6,316 | 3.26% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 570 | $137,420,000 | $241,088 | $6,024 | 3.28% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 343 | $136,365,000 | $397,566 | $8,402 | 3.04% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 462 | $117,990,000 | $255,390 | $6,792 | 3.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 273 | $74,575,000 | $273,168 | $6,839 | 3.15% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 111 | $41,675,000 | $375,450 | $6,018 | 3.26% |
| FRESNO, CA (FHA|USDA|VA) | 203 | $37,665,000 | $185,542 | $6,382 | 2.81% |
| VISALIA, CA (FHA|USDA|VA) | 166 | $30,650,000 | $184,639 | $7,160 | 3.14% |
| STOCKTON, CA (FHA|USDA|VA) | 111 | $27,455,000 | $247,342 | $7,569 | 3.24% |
| Outside of Metro Areas | 129 | $23,705,000 | $183,760 | $5,958 | 3.39% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 72 | $19,750,000 | $274,306 | $6,854 | 3.02% |
| VALLEJO, CA (FHA|USDA|VA) | 58 | $19,400,000 | $334,483 | $8,538 | 3.00% |
| MODESTO, CA (FHA|USDA|VA) | 74 | $17,890,000 | $241,757 | $6,404 | 3.12% |
| ROCKFORD, IL (FHA|USDA|VA) | 139 | $17,095,000 | $122,986 | $5,032 | 3.12% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 62 | $13,390,000 | $215,968 | $5,644 | 3.21% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 46 | $12,840,000 | $279,130 | $6,805 | 3.31% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 23 | $12,015,000 | $522,391 | $9,083 | 3.31% |
| Moscow, ID (FHA|USDA|VA) | 42 | $10,730,000 | $255,476 | $5,896 | 3.30% |
| Sandpoint, ID (FHA|USDA|VA) | 36 | $9,670,000 | $268,611 | $6,320 | 3.43% |
| FLINT, MI (FHA|USDA|VA) | 45 | $8,865,000 | $197,000 | $4,791 | 3.28% |
| MERCED, CA (FHA|USDA|VA) | 32 | $7,480,000 | $233,750 | $7,853 | 3.27% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 44 | $7,290,000 | $165,682 | $4,094 | 3.39% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 38 | $5,070,000 | $133,421 | $5,031 | 3.21% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 10 | $4,490,000 | $449,000 | $10,418 | 2.80% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 16 | $4,290,000 | $268,125 | $6,320 | 3.35% |
| ANN ARBOR, MI (FHA|USDA|VA) | 16 | $4,180,000 | $261,250 | $3,755 | 3.38% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 15 | $4,095,000 | $273,000 | $4,046 | 3.15% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 15 | $4,005,000 | $267,000 | $8,121 | 3.29% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 10 | $3,930,000 | $393,000 | $6,260 | 3.12% |
| MADERA, CA (FHA|USDA|VA) | 14 | $3,710,000 | $265,000 | $7,380 | 3.53% |
| MONROE, MI (FHA|USDA|VA) | 24 | $3,450,000 | $143,750 | $4,879 | 3.29% |
| Dublin, GA (FHA|USDA|VA) | 25 | $3,365,000 | $134,600 | $8,051 | 3.46% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 14 | $3,230,000 | $230,714 | $4,242 | 3.27% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $2,620,000 | $436,667 | $8,299 | 3.06% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $2,280,000 | $228,000 | $7,664 | 3.01% |
| HINESVILLE, GA (FHA|USDA|VA) | 15 | $2,265,000 | $151,000 | $9,149 | 3.21% |
| Traverse City, MI (FHA|USDA|VA) | 7 | $2,115,000 | $302,143 | $3,226 | 3.28% |
| Pullman, WA (FHA|USDA|VA) | 9 | $1,895,000 | $210,556 | $5,088 | 3.28% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 11 | $1,805,000 | $164,091 | $7,084 | 3.01% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 7 | $1,695,000 | $242,143 | $7,807 | 3.37% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $1,685,000 | $337,000 | $5,004 | 3.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,590,000 | $397,500 | $5,242 | 3.21% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 4 | $1,570,000 | $392,500 | $5,727 | 3.34% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $7,531 | 3.21% |
| NAPA, CA (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $8,234 | 2.78% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $3,099 | 2.72% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 10 | $1,240,000 | $124,000 | $5,119 | 3.54% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $6,840 | 3.35% |
| BOISE CITY, ID (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $6,616 | 3.06% |
| Sonora, CA (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $7,070 | 3.18% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $8,790 | 3.12% |
| Shelby, NC (FHA|USDA|VA) | 7 | $1,085,000 | $155,000 | $4,805 | 3.25% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 7 | $1,055,000 | $150,714 | $8,445 | 3.52% |
| FLORENCE, SC (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $6,346 | 3.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $5,508 | 3.44% |
| Freeport, IL (FHA|USDA|VA) | 9 | $915,000 | $101,667 | $4,199 | 3.33% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $6,957 | 3.46% |
| RENO, NV (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $3,371 | 3.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $4,250 | 3.06% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $6,386 | 3.53% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $2,280 | 3.56% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $4,586 | 3.04% |
| MOBILE, AL (FHA|USDA|VA) | 6 | $800,000 | $133,333 | $8,947 | 3.19% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $3,807 | 3.25% |
| PEORIA, IL (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $2,521 | 3.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $9,905 | 3.28% |
| Rochelle, IL (FHA|USDA|VA) | 5 | $675,000 | $135,000 | $4,666 | 2.57% |
| SAVANNAH, GA (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $10,963 | 2.97% |
| Vidalia, GA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $8,408 | 3.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $9,795 | 3.22% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $4,641 | 3.04% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,684 | 2.99% |
| JACKSON, MI (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,572 | 3.08% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,823 | 3.06% |
| Statesboro, GA (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $7,782 | 3.28% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $14,505 | 2.63% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $5,385 | 3.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $5,430 | 2.99% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 5 | $475,000 | $95,000 | $5,751 | 3.68% |
| Milledgeville, GA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $10,487 | 3.00% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,493 | 3.19% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,811 | 3.06% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,448 | 3.69% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $9,045 | 2.99% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,747 | 2.50% |
| Jesup, GA (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $8,136 | 3.29% |
| ALBANY, GA (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $9,837 | 3.62% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,119 | 3.38% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $1,978 | 2.38% |
| Hailey, ID (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,557 | 2.88% |
| Astoria, OR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,528 | 3.38% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,515 | 3.38% |
| Holland, MI (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,122 | 2.88% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,101 | 2.99% |
| Cadillac, MI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,261 | 2.94% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,362 | 3.38% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,326 | 3.99% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $14,927 | 3.00% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $13,366 | 3.13% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,697 | 3.06% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,177 | 3.25% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $7,617 | 2.87% |
| Thomaston, GA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $7,988 | 3.31% |
| MADISON, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,929 | 3.13% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,337 | 3.50% |
| Marquette, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,120 | 2.75% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $12,831 | 3.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,156 | 2.99% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,046 | 3.06% |
| Seneca, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,683 | 3.00% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,598 | 3.00% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,914 | 3.63% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,188 | 3.13% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,633 | 2.99% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,660 | 2.99% |
| REDDING, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,775 | 3.75% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,585 | 2.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,842 | 2.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,032 | 3.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,343 | 3.38% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,463 | 4.13% |
| Americus, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $12,863 | 3.00% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,439 | 2.63% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,696 | 2.99% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,869 | 4.50% |
| Cordele, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,893 | 3.25% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,801 | 4.13% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,233 | 3.63% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,222 | 2.99% |
| Adrian, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,959 | 3.99% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,183 | 3.50% |
| Frankfort, IN (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $4,144 | 5.69% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,977 | 2.63% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,869 | 2.75% |
| Athens, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,381 | 3.38% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $9,272 | 3.88% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,933 | 3.63% |
| Douglas, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.75% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $8,617 | 3.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,681 | 3.63% |
| Dixon, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,028 | 2.99% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,221 | 4.13% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,315 | 2.99% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,835 | 2.75% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $7,967 | 3.00% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,169 | 3.13% |
| Ludington, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,658 | 3.38% |
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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.
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Product Mix
For 2020, Platinum Home Mortgage Corporation's most frequently originated type of loan was Conventional, with 4,703 originations. Their 2nd most popular type was FHA, with 999 originations.
Loan Reason
For 2020, Platinum Home Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,873 originations. The 2nd most popular reason was Refi, with 2,121 originations.
Loan Duration/Length
For 2020, Platinum Home Mortgage Corporation's most frequently cited loan duration was 30 Year, with 4,919 originations. The 2nd most popular length was 15 Year, with 636 originations.
Origination Fees/Closing Costs
Platinum Home Mortgage Corporation's average total fees were $6,047, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,275 originations.
Interest Rates
During 2020, Platinum Home Mortgage Corporation's average interest rate for loans was 3.24%, while their most frequently originated rate bucket for loans was 3-4%, with 2,838 originations.
Loan Sizing
2020 saw Platinum Home Mortgage Corporation place emphasis on $200k-400k loans with 2,954 originations, totaling $819,530,000 in origination value.
Applicant Income
Platinum Home Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,624 originations. The second most popular income band? $100k-150k, with 1,287 originations.
Applicant Debt to Income Ratio
Platinum Home Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,183 originations. The next most common DTI ratio? 30-36%, with 1,135 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.47%
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 origination74.28%
Platinum Home Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $125,000 | $125,000 |
| 1004.0 | 1 | $105,000 | $105,000 |
| 1029.0 | 1 | $155,000 | $155,000 |
| 700.0 | 1 | $35,000 | $35,000 |
| 832.4 | 1 | $65,000 | $65,000 |
| NA | 5,896 | $1,441,460,000 | $244,481 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 166 | $24,720,000 | $148,916 |
| Single Family (1-4 Units):Site-Built | 5,735 | $1,417,225,000 | $247,119 |