Premierone Credit Union Mortgage Rates, Fees & Info
SAN JOSE, CALEI: 254900S7X9G17L8QBB81
Tax ID: 94-1696676
Latest/2023 | 2022 Data | 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 loans. Premierone Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Jose, San Francisco, Sacramento, Santa Cruz, and Stockton among others. We have data for 15 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
207Origination Dollar Volume (All Markets)
$91,245,000Top 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) | 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% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 207 | $91,245,000 | $440,797 | $0 | 0.00% |
For 2021, Premierone Credit Union's most frequently originated type of loan was Conventional, with 207 originations.
Loan Reason
For 2021, Premierone Credit Union's most frequently cited loan purpose was Cash Out Refi, with 115 originations. The 2nd most popular reason was 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 2021, Premierone Credit Union's most frequently cited loan duration was Other, with 207 originations.
Loan Sizing
2021 saw Premierone Credit Union place emphasis on $200k-400k loans with 67 originations, totaling $19,975,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications88.82%
Premierone Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination78.74%
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 |
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% |