Premier Lending Mortgage Rates, Fees & Info

SANTA ROSA, CA

LEI: 5493001SDQVS1NWYH012

Tax ID: 27-0993345

3.8 stars - out of 5 stars, based on 43 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Premier Lending is a smaller mortgage company specializing in Home Purchase and Refi loans. Premier Lending 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 include San Francisco, San Jose, Charlotte, Phoenix, and Los Angeles among others. Premier Lending has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Premier Lending is typically an average fee lendor.


Originations

1,847

Origination Dollar Volume (All Markets)

$895,095,000

Relative Rate

Premier Lending 's average 30 year fixed rate mortgage of loans were 3.12%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.03%.

Relative Fees

Premier Lending 's average total fees for a 30 year fixed rate mortgage are $5,990.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 441 $314,635,000 $713,458 $6,226 2.97%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 182 $132,200,000 $726,374 $5,394 2.95%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 216 $56,200,000 $260,185 $4,441 3.04%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 151 $50,665,000 $335,530 $6,216 3.21%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 83 $45,995,000 $554,157 $7,484 3.05%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 88 $44,680,000 $507,727 $5,366 3.10%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 62 $28,570,000 $460,806 $6,910 3.32%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 55 $26,095,000 $474,455 $5,342 2.96%
VALLEJO, CA (FHA|USDA|VA) 56 $21,120,000 $377,143 $7,647 2.97%
TUCSON, AZ (FHA|USDA|VA) 72 $17,310,000 $240,417 $5,393 3.19%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 48 $14,280,000 $297,500 $5,701 3.29%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 32 $13,140,000 $410,625 $6,053 3.22%
STOCKTON, CA (FHA|USDA|VA) 31 $10,855,000 $350,161 $6,137 3.22%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 28 $10,370,000 $370,357 $6,480 3.21%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 17 $10,095,000 $593,824 $8,385 3.15%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 11 $9,905,000 $900,455 $7,259 2.95%
TALLAHASSEE, FL (FHA|USDA|VA) 26 $6,700,000 $257,692 $6,423 3.18%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 17 $6,685,000 $393,235 $4,895 3.04%
Outside of Metro Areas 24 $6,030,000 $251,250 $4,544 3.16%
NAPA, CA (FHA|USDA|VA) 11 $5,935,000 $539,545 $6,483 2.90%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 6 $3,920,000 $653,333 $5,038 3.10%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 11 $3,725,000 $338,636 $5,337 3.24%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 7 $2,955,000 $422,143 $6,970 3.20%
SALINAS, CA (FHA|USDA|VA) 7 $2,815,000 $402,143 $3,903 3.28%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $2,750,000 $458,333 $6,109 3.23%
MODESTO, CA (FHA|USDA|VA) 6 $2,580,000 $430,000 $4,868 2.96%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $2,430,000 $607,500 $7,112 3.22%
AMARILLO, TX (FHA|USDA|VA) 17 $2,185,000 $128,529 $4,808 3.05%
Truckee-Grass Valley, CA (FHA|USDA|VA) 4 $1,800,000 $450,000 $4,436 3.06%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $1,325,000 $1,325,000 $3,697 3.25%
FRESNO, CA (FHA|USDA|VA) 4 $1,300,000 $325,000 $4,175 3.38%
BEND, OR (FHA|USDA|VA) 3 $1,255,000 $418,333 $6,988 3.17%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $1,195,000 $398,333 $6,434 3.29%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $1,170,000 $292,500 $2,875 3.22%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 6 $1,140,000 $190,000 $2,851 2.88%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $1,110,000 $555,000 $5,610 3.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $1,050,000 $525,000 $5,637 2.81%
Sonora, CA (FHA|USDA|VA) 3 $1,005,000 $335,000 $4,912 3.63%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $990,000 $495,000 $6,247 3.31%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $975,000 $325,000 $4,486 2.96%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $955,000 $318,333 $5,432 3.42%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $950,000 $475,000 $6,249 3.19%
REDDING, CA (FHA|USDA|VA) 3 $925,000 $308,333 $5,699 3.04%
VISALIA, CA (FHA|USDA|VA) 4 $890,000 $222,500 $6,686 3.16%
Oak Harbor, WA (FHA|USDA|VA) 2 $870,000 $435,000 $7,037 2.93%
MERCED, CA (FHA|USDA|VA) 3 $815,000 $271,667 $4,513 2.96%
CORVALLIS, OR (FHA|USDA|VA) 2 $800,000 $400,000 $4,397 3.25%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $790,000 $395,000 $3,639 2.69%
BELLINGHAM, WA (FHA|USDA|VA) 1 $755,000 $755,000 $10,415 3.75%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $730,000 $365,000 $4,413 3.00%
SALEM, OR (FHA|USDA|VA) 2 $700,000 $350,000 $6,722 3.19%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $605,000 $605,000 $10,685 2.75%
Thomasville, GA (FHA|USDA|VA) 4 $580,000 $145,000 $5,564 3.03%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $530,000 $265,000 $4,725 2.81%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $525,000 $525,000 $4,286 3.25%
SAVANNAH, GA (FHA|USDA|VA) 2 $510,000 $255,000 $4,377 3.38%
Ukiah, CA (FHA|USDA|VA) 2 $510,000 $255,000 $4,122 2.81%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $490,000 $245,000 $9,284 3.31%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $485,000 $485,000 $4,392 3.38%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $470,000 $235,000 $1,876 2.50%
PROVO-OREM, UT (FHA|USDA|VA) 1 $465,000 $465,000 $3,660 2.75%
YUBA CITY, CA (FHA|USDA|VA) 1 $455,000 $455,000 $4,360 3.25%
VALDOSTA, GA (FHA|USDA|VA) 3 $445,000 $148,333 $4,595 3.42%
Albemarle, NC (FHA|USDA|VA) 2 $430,000 $215,000 $5,139 3.31%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $425,000 $425,000 $3,994 2.75%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $405,000 $405,000 $3,307 3.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $405,000 $405,000 $2,008 2.25%
YUMA, AZ (FHA|USDA|VA) 2 $400,000 $200,000 $3,152 2.94%
RICHMOND, VA (FHA|USDA|VA) 2 $390,000 $195,000 $3,263 3.25%
ASHEVILLE, NC (FHA|USDA|VA) 2 $390,000 $195,000 $3,217 3.38%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $375,000 $375,000 $4,714 3.00%
YAKIMA, WA (FHA|USDA|VA) 1 $365,000 $365,000 $4,117 4.50%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $355,000 $355,000 $10,306 3.25%
LONGVIEW, WA (FHA|USDA|VA) 1 $355,000 $355,000 $6,643 3.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $345,000 $345,000 $9,366 3.25%
WALLA WALLA, WA (FHA|USDA|VA) 1 $335,000 $335,000 $10,034 3.00%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $325,000 $325,000 $4,448 3.50%
Nogales, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $9,628 2.88%
MEDFORD, OR (FHA|USDA|VA) 1 $305,000 $305,000 $8,955 2.38%
Centralia, WA (FHA|USDA|VA) 1 $285,000 $285,000 $5,205 3.25%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $275,000 $275,000 $8,674 2.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $265,000 $265,000 $4,794 3.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $255,000 $255,000 $3,446 3.13%
FLORENCE, SC (FHA|USDA|VA) 3 $255,000 $85,000 $3,609 3.33%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $255,000 $255,000 $6,621 3.13%
Newport, OR (FHA|USDA|VA) 1 $255,000 $255,000 $3,821 3.50%
Payson, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $3,848 3.38%
WENATCHEE, WA (FHA|USDA|VA) 1 $235,000 $235,000 $4,731 2.13%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $225,000 $225,000 $6,293 2.88%
Klamath Falls, OR (FHA|USDA|VA) 1 $195,000 $195,000 $6,608 3.75%
GREENVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,625 2.88%
Alice, TX (FHA|USDA|VA) 1 $185,000 $185,000 $5,388 3.88%
PITTSBURGH, PA (FHA|USDA|VA) 1 $165,000 $165,000 $3,056 2.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,214 3.88%
Clearlake, CA (FHA|USDA|VA) 1 $155,000 $155,000 $5,316 4.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $155,000 $155,000 $4,549 2.75%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $155,000 $155,000 $10,911 3.50%
Granbury, TX (FHA|USDA|VA) 1 $145,000 $145,000 $7,947 4.13%
SPARTANBURG, SC (FHA|USDA|VA) 1 $135,000 $135,000 $6,775 3.50%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $135,000 $135,000 $2,804 2.50%
TULSA, OK (FHA|USDA|VA) 1 $125,000 $125,000 $4,191 3.38%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $125,000 $125,000 $2,973 3.50%
MADERA, CA (FHA|USDA|VA) 1 $125,000 $125,000 $3,218 2.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $75,000 $75,000 $3,810 3.88%

Premier Lending 's top markets include San Francisco, San Jose, Charlotte, Phoenix, and Los Angeles among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,601 $805,635,000 $503,207 $5,181 3.08%
FHA 170 $54,660,000 $321,529 $10,425 3.12%
VA 73 $34,045,000 $466,370 $9,348 2.88%
USDA 3 $755,000 $251,667 $6,603 3.13%

For the 2021 period, Premier Lending 's most frequently originated loan type of loans were Conventional, with 1,601 originations. Their 2nd most popular type is FHA, with 170 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 919 $454,775,000 $494,859 $6,777 3.14%
Refi 888 $423,950,000 $477,421 $4,875 2.99%
Cash Out Refi 40 $16,370,000 $409,250 $5,275 3.36%

For the 2021, Premier Lending 's most frequently cited loan purpose of loans were Home Purchase, with 919 originations. The 2nd most popular reason of loans were Refi, with 888 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,698 $849,170,000 $500,100 $5,990 3.12%
15 Year 103 $31,085,000 $301,796 $3,815 2.38%
20 Year 25 $8,315,000 $332,600 $4,305 2.85%
Other 12 $4,770,000 $397,500 $5,207 2.84%
10 Year 8 $1,740,000 $217,500 $3,443 2.30%
3 Year 1 $15,000 $15,000 $40 3.38%

For the 2021, Premier Lending 's most frequently cited loan length of loans were 30 Year, with 1,698 originations. The 2nd most popular length of loans were 15 Year, with 103 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,272 $622,090,000 $489,064
$3k-4k 193 $90,675,000 $469,819
$5k+ 181 $120,285,000 $664,558
$2k-3k 149 $52,935,000 $355,268
$<1k 52 $9,110,000 $175,192

$5,990 of loans were Premier Lending 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,272 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 889 $411,995,000 $463,436
2.5-3% 742 $410,590,000 $553,356
<2.5% 170 $61,560,000 $362,118
4-5% 46 $10,950,000 $238,043

During 2021, Premier Lending 's average interest rate of loans were 3.12%, while their most frequently originated rate bucket of loans were 3-4%, with 889 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 617 $186,275,000 $301,904 $5,458 3.11%
$400k-600k 443 $216,585,000 $488,905 $5,918 3.07%
$600k-1MM 365 $277,485,000 $760,233 $7,159 3.05%
$100k-200k 239 $37,745,000 $157,929 $4,260 3.18%
$1MM+ 129 $174,585,000 $1,353,372 $8,024 2.97%
$100,000 or less 54 $2,420,000 $44,815 $1,902 2.53%

2021 saw Premier Lending place emphasis on $200k-400k loans with 617 originations, totaling $186,275,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 417 $186,365,000 $446,918 $5,950 3.07%
$150k-250k 410 $254,340,000 $620,341 $6,273 3.06%
$75k-100k 301 $102,285,000 $339,817 $5,679 3.17%
$50k-75k 275 $71,705,000 $260,745 $5,138 3.10%
$250k+ 261 $233,865,000 $896,034 $6,287 2.99%
$50k or less 153 $30,015,000 $196,176 $4,981 3.03%

Premier Lending lent most frequently to those with incomes in the $100k-150k range, with 417 originations. The second most popular income band? $150k-250k, with 410 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 338 $158,650,000 $469,379 $5,037 3.01%
30-36% 320 $162,690,000 $508,406 $5,576 3.08%
<20% 109 $45,335,000 $415,917 $4,056 2.80%
42% 90 $50,900,000 $565,556 $5,923 3.07%
44% 83 $31,505,000 $379,578 $5,962 3.08%
40% 82 $42,130,000 $513,780 $6,063 3.15%
41% 79 $41,835,000 $529,557 $5,853 3.13%
43% 78 $32,760,000 $420,000 $6,140 3.23%
39% 77 $40,695,000 $528,506 $5,622 3.09%
38% 74 $43,910,000 $593,378 $6,537 3.06%
50-60% 72 $27,250,000 $378,472 $10,388 3.12%
36% 70 $31,270,000 $446,714 $5,944 3.08%
37% 69 $44,085,000 $638,913 $6,367 3.01%
48% 67 $31,445,000 $469,328 $6,045 3.16%
46% 64 $31,680,000 $495,000 $5,801 3.12%
45% 58 $22,390,000 $386,034 $5,962 3.16%
47% 52 $22,820,000 $438,846 $6,126 3.25%
49% 48 $26,450,000 $551,042 $6,129 3.16%
>60% 7 $3,595,000 $513,571 $7,365 2.91%

Premier Lending lent most frequently to those with DTI ratios of 20-30%, with 338 originations. The next most common DTI ratio? 30-36%, with 320 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,176 $558,650,000 $475,043 $5,726 3.06%
Asian 239 $151,415,000 $633,536 $5,908 3.02%
Not provided 256 $118,540,000 $463,047 $5,925 3.10%
Black 146 $52,740,000 $361,233 $6,167 3.17%
Native Hawaiian 15 $7,605,000 $507,000 $5,894 3.20%
American Indian 15 $6,145,000 $409,667 $7,367 3.21%

Approval Rates

Total approvals of all applications
99.03%

Premier Lending has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
89.48%

Premier Lending has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,847 $895,095,000 $484,621

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,847 $895,095,000 $484,621

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 175 $70,945,000 $405,400 $4,332 2.84%
40-60% 350 $171,950,000 $491,286 $4,818 2.94%
60-80% 567 $317,785,000 $560,467 $5,699 3.15%
80-100% 695 $323,535,000 $465,518 $6,873 3.18%
Over 100% 13 $5,135,000 $395,000 $17,202 2.80%
Under 20% 47 $5,745,000 $122,234 $1,816 2.39%

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%