Premierone Credit Union Mortgage Rates, Fees & Info

SAN JOSE, CA

LEI: 254900S7X9G17L8QBB81

Tax ID: 94-1696676

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Premierone Credit Union is a smaller credit union specializing in Cash Out Refi loans. Premierone Credit Union has a high proportion of conventional loans. Their top markets include San Jose, San Francisco, Sacramento, Santa Cruz, and Stockton among others. Premierone Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

207

Origination Dollar Volume (All Markets)

$91,245,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 140 $63,890,000 $456,357 $0 0.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 22 $11,220,000 $510,000 $0 0.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 11 $3,625,000 $329,545 $0 0.00%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 5 $3,015,000 $603,000 $0 0.00%
STOCKTON, CA (FHA|USDA|VA) 7 $2,055,000 $293,571 $0 0.00%
MODESTO, CA (FHA|USDA|VA) 5 $1,385,000 $277,000 $0 0.00%
Outside of Metro Areas 3 $1,355,000 $451,667 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $915,000 $305,000 $0 0.00%
MERCED, CA (FHA|USDA|VA) 3 $905,000 $301,667 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $715,000 $715,000 $0 0.00%
SALINAS, CA (FHA|USDA|VA) 2 $640,000 $320,000 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
FRESNO, CA (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
Sonora, CA (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%

Premierone Credit Union's top markets include San Jose, San Francisco, Sacramento, Santa Cruz, and Stockton among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 207 $91,245,000 $440,797 $0 0.00%

For the 2021 period, Premierone Credit Union's most frequently originated loan type of loans were Conventional, with 207 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 115 $57,245,000 $497,783 $0 0.00%
Refi 43 $15,325,000 $356,395 $0 0.00%
Home Purchase 20 $10,370,000 $518,500 $0 0.00%
Home Improvement 16 $3,800,000 $237,500 $0 0.00%
Other 13 $4,505,000 $346,538 $0 0.00%

For the 2021, Premierone Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 115 originations. The 2nd most popular reason of loans were Refi, with 43 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 207 $91,245,000 $440,797 $0 0.00%

For the 2021, Premierone Credit Union's most frequently cited loan length of loans were Other, with 207 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 67 $19,975,000 $298,134 $0 0.00%
$400k-600k 64 $31,030,000 $484,844 $0 0.00%
$600k-1MM 41 $29,155,000 $711,098 $0 0.00%
$100k-200k 20 $3,070,000 $153,500 $0 0.00%
$100,000 or less 10 $560,000 $56,000 $0 0.00%
$1MM+ 5 $7,455,000 $1,491,000 $0 0.00%

2021 saw Premierone Credit Union place emphasis on $200k-400k loans with 67 originations, totaling $19,975,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 110 $58,980,000 $536,182 $0 0.00%
$150k-250k 45 $15,905,000 $353,444 $0 0.00%
$100k-150k 29 $10,345,000 $356,724 $0 0.00%
$75k-100k 12 $3,490,000 $290,833 $0 0.00%
$50k-75k 7 $2,135,000 $305,000 $0 0.00%
$50k or less 4 $390,000 $97,500 $0 0.00%

Premierone Credit Union lent most frequently to those with incomes in the $250k+ range, with 110 originations. The second most popular income band? $150k-250k, with 45 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not provided 92 $38,600,000 $419,565 $0 0.00%
White 79 $35,035,000 $443,481 $0 0.00%
Asian 29 $14,555,000 $501,897 $0 0.00%
Black 6 $2,710,000 $451,667 $0 0.00%
American Indian 1 $345,000 $345,000 $0 0.00%

Approval Rates

Total approvals of all applications
86.65%

Premierone Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
75.51%

Premierone Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 207 $91,245,000 $440,797

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
207 $91,245,000 $440,797

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Premier Mortgage, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
Premier Mortgage, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%