Premierone Credit Union Mortgage Rates, Fees & Info
SAN JOSE, CALEI: 254900S7X9G17L8QBB81
Tax ID: 94-1696676
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Premierone Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Premierone Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Jose, San Francisco, Stockton, Santa Cruz, and Sacramento among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Premierone Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
200Origination Dollar Volume (All Markets)
$66,350,000Top 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 |
|---|---|---|---|---|---|
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 122 | $40,250,000 | $329,918 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 18 | $7,850,000 | $436,111 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 14 | $5,950,000 | $425,000 | $0 | 0.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 11 | $3,525,000 | $320,455 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 12 | $3,170,000 | $264,167 | $0 | 0.00% |
| MERCED, CA (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $465,000 | $155,000 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| CHICO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| MADERA, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 198 | $65,730,000 | $331,970 | $0 | 0.00% |
| HELOC | 2 | $620,000 | $310,000 | n/a | 0.00% |
For 2022, Premierone Credit Union's most frequently originated type of loan was Conventional, with 198 originations. Their 2nd most popular type was HELOC, with 2 originations.
Loan Reason
For 2022, Premierone Credit Union's most frequently cited loan purpose was Home Improvement, with 71 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 200 | $66,350,000 | $331,750 | $0 | 0.00% |
For 2022, Premierone Credit Union's most frequently cited loan duration was Other, with 200 originations.
Loan Sizing
2022 saw Premierone Credit Union place emphasis on $100,000 or less loans with 56 originations, totaling $3,400,000 in origination value.
Applicant Income
Premierone Credit Union lent most frequently to those with incomes in the $150k-250k range, with 85 originations. The second most popular income band? $100k-150k, with 51 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.58%
Premierone Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination66.50%
Premierone Credit Union 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 | 200 | $66,350,000 | $331,750 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PRIMARY RESIDENTIAL MORTGAGE | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| PRIMARY RESIDENTIAL MORTGAGE | VA mortgage | Trouble during payment process | 1 | 50.0% |