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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Detroit, San Francisco, Bakersfield, Chicago, and Riverside among others. We have data for 163 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.
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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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This is not an official calculator from Platinum Home Mortgage Corporation. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,472Origination Dollar Volume (All Markets)
$1,177,300,000Top 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) | 1,190 | $263,190,000 | $221,168 | $3,695 | 3.04% |
| Outside of Metro Areas | 444 | $148,900,000 | $335,360 | $7,167 | 3.12% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 299 | $123,515,000 | $413,094 | $8,957 | 2.92% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 411 | $105,355,000 | $256,338 | $7,483 | 3.02% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 305 | $74,805,000 | $245,262 | $6,681 | 3.02% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 239 | $73,865,000 | $309,059 | $8,262 | 3.00% |
| FRESNO, CA (FHA|USDA|VA) | 240 | $51,060,000 | $212,750 | $8,213 | 2.69% |
| VISALIA, CA (FHA|USDA|VA) | 181 | $40,005,000 | $221,022 | $8,582 | 2.72% |
| Outside of Metro Areas | 135 | $28,035,000 | $207,667 | $7,297 | 3.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 54 | $19,470,000 | $360,556 | $7,860 | 3.05% |
| VALLEJO, CA (FHA|USDA|VA) | 54 | $18,610,000 | $344,630 | $10,216 | 2.89% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 43 | $15,375,000 | $357,558 | $10,044 | 3.27% |
| STOCKTON, CA (FHA|USDA|VA) | 52 | $14,810,000 | $284,808 | $9,266 | 2.84% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 75 | $12,405,000 | $165,400 | $6,197 | 3.28% |
| Sandpoint, ID (FHA|USDA|VA) | 34 | $11,260,000 | $331,176 | $7,696 | 3.26% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 50 | $10,880,000 | $217,600 | $5,884 | 3.22% |
| Moscow, ID (FHA|USDA|VA) | 40 | $9,740,000 | $243,500 | $6,171 | 3.10% |
| FLINT, MI (FHA|USDA|VA) | 35 | $9,065,000 | $259,000 | $6,864 | 3.04% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 27 | $8,645,000 | $320,185 | $5,997 | 3.14% |
| MODESTO, CA (FHA|USDA|VA) | 31 | $8,175,000 | $263,710 | $6,986 | 2.78% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 15 | $7,935,000 | $529,000 | $11,249 | 3.06% |
| MONROE, MI (FHA|USDA|VA) | 40 | $7,180,000 | $179,500 | $5,922 | 3.22% |
| MADERA, CA (FHA|USDA|VA) | 24 | $6,200,000 | $258,333 | $8,342 | 3.09% |
| Dublin, GA (FHA|USDA|VA) | 32 | $5,630,000 | $175,938 | $9,326 | 3.35% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 14 | $4,460,000 | $318,571 | $7,826 | 3.28% |
| ANN ARBOR, MI (FHA|USDA|VA) | 12 | $4,450,000 | $370,833 | $4,745 | 2.97% |
| ROCKFORD, IL (FHA|USDA|VA) | 34 | $4,160,000 | $122,353 | $5,336 | 2.79% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 8 | $3,910,000 | $488,750 | $12,865 | 2.98% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 17 | $3,605,000 | $212,059 | $5,049 | 3.15% |
| MERCED, CA (FHA|USDA|VA) | 11 | $3,555,000 | $323,182 | $9,102 | 3.35% |
| HINESVILLE, GA (FHA|USDA|VA) | 19 | $3,415,000 | $179,737 | $10,731 | 3.49% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $2,420,000 | $302,500 | $6,237 | 2.91% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 5 | $2,385,000 | $477,000 | $10,531 | 3.20% |
| BOISE CITY, ID (FHA|USDA|VA) | 6 | $2,120,000 | $353,333 | $8,312 | 3.31% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 5 | $1,925,000 | $385,000 | $4,118 | 2.95% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 11 | $1,845,000 | $167,727 | $9,703 | 3.47% |
| SAVANNAH, GA (FHA|USDA|VA) | 10 | $1,840,000 | $184,000 | $10,347 | 3.27% |
| Pullman, WA (FHA|USDA|VA) | 9 | $1,765,000 | $196,111 | $4,765 | 3.16% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 9 | $1,705,000 | $189,444 | $10,077 | 3.30% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 8 | $1,630,000 | $203,750 | $2,908 | 2.84% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $1,600,000 | $400,000 | $5,944 | 3.15% |
| Adrian, MI (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $6,343 | 2.97% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,525,000 | $508,333 | $7,293 | 2.95% |
| Statesboro, GA (FHA|USDA|VA) | 9 | $1,515,000 | $168,333 | $10,587 | 3.28% |
| Pahrump, NV (FHA|USDA|VA) | 8 | $1,510,000 | $188,750 | $5,973 | 3.30% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $3,727 | 3.09% |
| Vidalia, GA (FHA|USDA|VA) | 9 | $1,295,000 | $143,889 | $9,606 | 3.33% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $10,207 | 3.18% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $17,785 | 4.29% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $5,157 | 3.20% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $5,724 | 3.27% |
| Traverse City, MI (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $3,559 | 2.78% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $6,357 | 3.44% |
| JACKSON, MI (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $5,558 | 3.10% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $13,322 | 3.43% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $5,028 | 3.12% |
| BRUNSWICK, GA (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $11,986 | 3.45% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $5,204 | 2.93% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $9,545 | 2.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $5,915 | 3.00% |
| SALEM, OR (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $9,260 | 3.06% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $12,122 | 3.06% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $8,497 | 2.93% |
| Jesup, GA (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $10,957 | 3.63% |
| Helena, MT (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $7,819 | 2.99% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $4,326 | 3.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $4,319 | 2.96% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $12,406 | 3.08% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $7,885 | 2.81% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,524 | 2.88% |
| MOBILE, AL (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $11,054 | 3.38% |
| FLORENCE, SC (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $7,049 | 3.09% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $5,561 | 3.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,694 | 4.19% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,382 | 3.25% |
| Torrington, CT (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $12,974 | 3.50% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,221 | 2.38% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $8,819 | 3.56% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $8,624 | 3.44% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $14,343 | 3.25% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $9,426 | 3.50% |
| Hailey, ID (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,449 | 3.25% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $8,472 | 2.88% |
| RENO, NV (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,123 | 4.19% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $14,087 | 3.13% |
| ROME, GA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $10,407 | 3.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $8,970 | 3.25% |
| Hillsdale, MI (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,332 | 3.18% |
| Milledgeville, GA (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $7,754 | 3.58% |
| MIDLAND, MI (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $7,932 | 3.50% |
| Freeport, IL (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $4,585 | 3.15% |
| Rochelle, IL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $5,106 | 3.12% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $9,456 | 3.63% |
| Mount Pleasant, MI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $10,974 | 4.25% |
| Centralia, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,081 | 3.38% |
| REDDING, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $7,268 | 2.99% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $19,616 | 3.75% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,107 | 3.25% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $16,795 | 2.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,441 | 2.88% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,728 | 3.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,389 | 3.25% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,797 | 2.75% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,037 | 2.88% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,653 | 3.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,003 | 5.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,020 | 2.99% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,260 | 2.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,495 | 3.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,010 | 2.99% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,837 | 2.88% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,004 | 3.25% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,195 | 3.25% |
| Forest City, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,384 | 3.25% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,429 | 3.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $7,673 | 3.25% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,115 | 2.88% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,987 | 3.00% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,118 | 2.75% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,433 | 3.31% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,460 | 3.25% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,775 | 3.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,003 | 3.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,148 | 3.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,650 | 2.88% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,452 | 2.99% |
| Americus, GA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $8,535 | 3.25% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,921 | 3.25% |
| Concord, NH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,562 | 3.25% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,188 | 2.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,449 | 3.25% |
| Palatka, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $12,502 | 3.25% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,258 | 2.88% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,614 | 3.75% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $13,614 | 3.00% |
| Shelby, NC (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,202 | 3.19% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,915 | 3.50% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,982 | 3.13% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $13,045 | 3.25% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,360 | 3.00% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,812 | 3.25% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,823 | 3.25% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,257 | 3.88% |
| Cordele, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $11,543 | 3.75% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,819 | 2.99% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,055 | 3.75% |
| Waycross, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $11,054 | 3.25% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,049 | 3.99% |
| Logansport, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,428 | 2.99% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,430 | 3.00% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,486 | 3.25% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,996 | 2.99% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,197 | 3.75% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,735 | 3.13% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,867 | 3.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,591 | 3.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,739 | 2.99% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,877 | 2.99% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,083 | 3.00% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,879 | 2.50% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,289 | 3.38% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,673 | 3.63% |
| Ludington, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,107 | 2.50% |
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.
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Product Mix
For 2021, Platinum Home Mortgage Corporation's most frequently originated type of loan was Conventional, with 3,524 originations. Their 2nd most popular type was FHA, with 806 originations.
Loan Reason
For 2021, Platinum Home Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,377 originations. The 2nd most popular reason was Refi, with 1,176 originations.
Loan Duration/Length
For 2021, Platinum Home Mortgage Corporation's most frequently cited loan duration was 30 Year, with 3,790 originations. The 2nd most popular length was 15 Year, with 456 originations.
Origination Fees/Closing Costs
Platinum Home Mortgage Corporation's average total fees were $7,100, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,475 originations.
Interest Rates
During 2021, Platinum Home Mortgage Corporation's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 3-4%, with 2,098 originations.
Loan Sizing
2021 saw Platinum Home Mortgage Corporation place emphasis on $200k-400k loans with 2,196 originations, totaling $621,040,000 in origination value.
Applicant Income
Platinum Home Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,272 originations. The second most popular income band? $75k-100k, with 974 originations.
Applicant Debt to Income Ratio
Platinum Home Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 822 originations. The next most common DTI ratio? 30-36%, with 754 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.58%
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 origination73.30%
Platinum Home Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 209.0 | 1 | $45,000 | $45,000 |
| 495.0 | 1 | $45,000 | $45,000 |
| 495.12 | 1 | $25,000 | $25,000 |
| 645.0 | 1 | $205,000 | $205,000 |
| NA | 4,468 | $1,176,980,000 | $263,424 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4,472 | $1,177,300,000 | $263,260 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PLATINUM HOME MORTGAGE CORPORATION | Conventional home mortgage | Trouble during payment process | 4 | 80.0% |
| PLATINUM HOME MORTGAGE CORPORATION | FHA mortgage | Trouble during payment process | 1 | 20.0% |