Premierone Credit Union Mortgage Rates, Fees & Info
SAN JOSE, CALEI: 254900S7X9G17L8QBB81
Tax ID: 94-1696676
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
207Origination Dollar Volume (All Markets)
$91,245,000Top 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 applications86.65%
Premierone Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination75.51%
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% |
