Paramount Bond & Mortgage Co Rates, Fees & Info
St. Louis, MOLEI: 5493000RRYPUX5O9MI08
Tax ID: 43-0951349
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Paramount Bond & Mortgage Co is a smaller mortgage company specializing in Home Purchase loans. Paramount Bond & Mortgage Co has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Tampa, Champaign, Springfield, and Bloomington among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)Paramount Bond & Mortgage Co 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. Paramount Bond & Mortgage Co is typically a low 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
696Origination Dollar Volume (All Markets)
$3,480,000Awards
Paramount Bond & Mortgage Co - 2018
Paramount Bond & Mortgage Co is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for Paramount Bond & Mortgage Co?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 516 | $2,580,000 | $5,000 | $3,751 | 4.64% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 95 | $475,000 | $5,000 | $4,711 | 4.82% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 23 | $115,000 | $5,000 | $4,910 | 4.82% |
| Outside of Metro Areas | 17 | $85,000 | $5,000 | $3,516 | 4.69% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 9 | $45,000 | $5,000 | $6,006 | 4.88% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 6 | $30,000 | $5,000 | $5,198 | 4.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $20,000 | $5,000 | $4,167 | 4.72% |
| Farmington, MO (FHA|USDA|VA) | 3 | $15,000 | $5,000 | $3,435 | 4.87% |
| DANVILLE, IL (FHA|USDA|VA) | 2 | $10,000 | $5,000 | $4,773 | 4.81% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $10,000 | $5,000 | $9,497 | 4.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $10,000 | $5,000 | $3,357 | 4.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $10,000 | $5,000 | $3,608 | 5.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $8,935 | 4.88% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $2,313 | 5.13% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $2,192 | 4.88% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $2,429 | 4.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $3,604 | 4.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $4,683 | 4.50% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $6,777 | 4.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $2,278 | 4.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $4,487 | 4.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $9,413 | 3.75% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $6,157 | 4.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $4,057 | 4.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $5,599 | 5.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $2,606 | 4.88% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $5,526 | 4.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Paramount Bond & Mortgage Co based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 45
Similarity Rank: 90
Similarity Rank: 100
Similarity Rank: 108
Similarity Rank: 200
Similarity Rank: 238
Similarity Rank: 272
Similarity Rank: 275
Similarity Rank: 287
Similarity Rank: 308
Product Mix
For 2018, Paramount Bond & Mortgage Co's most frequently originated type of loan was Conventional, with 427 originations. Their 2nd most popular type was FHA, with 193 originations.
Loan Reason
For 2018, Paramount Bond & Mortgage Co's most frequently cited loan purpose was Home Purchase, with 607 originations. The 2nd most popular reason was Cash Out Refi, with 52 originations.
Loan Duration/Length
For 2018, Paramount Bond & Mortgage Co's most frequently cited loan duration was 30 Year, with 656 originations. The 2nd most popular length was 15 Year, with 27 originations.
Origination Fees/Closing Costs
Paramount Bond & Mortgage Co's average total fees were $4,083, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 630 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 561 | $2,805,000 | $5,000 |
| 5-6% | 85 | $425,000 | $5,000 |
| 3-4% | 43 | $215,000 | $5,000 |
| 6-7% | 5 | $25,000 | $5,000 |
| 7-8% | 1 | $5,000 | $5,000 |
| Over 8% | 1 | $5,000 | $5,000 |
During 2018, Paramount Bond & Mortgage Co's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 4-5%, with 561 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 696 | $3,480,000 | $5,000 | $3,996 | 4.68% |
2018 saw Paramount Bond & Mortgage Co place emphasis on $100,000 or less loans with 696 originations, totaling $3,480,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 694 | $3,470,000 | $5,000 | $4,005 | 4.68% |
| $50k or less | 2 | $10,000 | $5,000 | $755 | 4.06% |
Paramount Bond & Mortgage Co lent most frequently to those with incomes in the $250k+ range, with 694 originations. The second most popular income band? $50k or less, with 2 originations.
Applicant Debt to Income Ratio
Paramount Bond & Mortgage Co lent most frequently to those with DTI ratios of 30-36%, with 133 originations. The next most common DTI ratio? 20-30%, with 130 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.43%
Paramount Bond & Mortgage Co has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination79.74%
Paramount Bond & Mortgage Co has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 696 | $3,480,000 | $5,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 696 | $3,480,000 | $5,000 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Under 20% | 696 | $3,480,000 | $5,000 | $3,996 | 4.68% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PARAMOUNT RESIDENTIAL MORTGAGE GROUP | Conventional home mortgage | Struggling to pay mortgage | 1 | 5.9% |
| PARAMOUNT RESIDENTIAL MORTGAGE GROUP | Other type of mortgage | Trouble during payment process | 4 | 23.5% |
| PARAMOUNT RESIDENTIAL MORTGAGE GROUP | Other type of mortgage | Struggling to pay mortgage | 1 | 5.9% |
| PARAMOUNT RESIDENTIAL MORTGAGE GROUP | Other type of mortgage | Closing on a mortgage | 1 | 5.9% |
| PARAMOUNT RESIDENTIAL MORTGAGE GROUP | FHA mortgage | Trouble during payment process | 3 | 17.6% |
| PARAMOUNT RESIDENTIAL MORTGAGE GROUP | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 5.9% |
| PARAMOUNT RESIDENTIAL MORTGAGE GROUP | FHA mortgage | Incorrect information on your report | 1 | 5.9% |
| PARAMOUNT RESIDENTIAL MORTGAGE GROUP | FHA mortgage | Closing on a mortgage | 3 | 17.6% |
| PARAMOUNT RESIDENTIAL MORTGAGE GROUP | Conventional home mortgage | Trouble during payment process | 2 | 11.8% |