Premier Lending Mortgage Rates, Fees & Info
SANTA ROSA, CALEI: 5493001SDQVS1NWYH012
Tax ID: 27-0993345
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Mortgage Data
Review & Overview
Premier Lending is a smaller mortgage company specializing in Home Purchase loans. Premier Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Phoenix, Charlotte, Spokane, Santa Rosa, and San Francisco among others. We have data for 61 markets. (Some data included below & more in-depth data is available with an active subscription.)Premier Lending has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Premier Lending is typically a high 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 relatively high 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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.60% | 12/16/24 |
| 30 Year Conventional Refi | 6.65% | 12/16/24 |
| 30 Year Cash-out Refi | 6.75% | 12/16/24 |
| 30 Year FHA Purchase | 7.39% | 12/16/24 |
| 30 Year FHA Refi | 7.45% | 12/16/24 |
| 30 Year VA Purchase | 6.48% | 12/16/24 |
| 30 Year USDA Purchase | 6.66% | 12/16/24 |
| 15 Year Conventional Purchase | 5.93% | 12/16/24 |
| 15 Year Conventional Refi | 6.34% | 12/16/24 |
| 15 Year Cash-out Refi | 6.34% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Premier Lending Mortgage Calculator
Your Estimates
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This is not an official calculator from Premier Lending. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
521Origination Dollar Volume (All Markets)
$168,175,000Awards
PREMIER LENDING - 2023
PREMIER LENDING is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Premier Lending's average 30 year fixed mortgage rate was
6.65%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.17%.
Relative Fees (Closing Costs)
Premier Lending's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,824.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 78 | $31,640,000 | $405,641 | $12,704 | 6.31% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 106 | $31,500,000 | $297,170 | $8,439 | 6.35% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 53 | $15,005,000 | $283,113 | $8,745 | 5.67% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 20 | $11,640,000 | $582,000 | $9,995 | 7.31% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 14 | $9,740,000 | $695,714 | $9,734 | 6.91% |
| AMARILLO, TX (FHA|USDA|VA) | 48 | $9,080,000 | $189,167 | $8,884 | 6.11% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 6 | $6,240,000 | $1,040,000 | $10,272 | 6.70% |
| AKRON, OH (FHA|USDA|VA) | 36 | $6,230,000 | $173,056 | $7,016 | 7.12% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $6,110,000 | $763,750 | $20,881 | 7.22% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 21 | $4,715,000 | $224,524 | $7,698 | 7.55% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $4,375,000 | $625,000 | $9,471 | 6.98% |
| TUCSON, AZ (FHA|USDA|VA) | 10 | $2,270,000 | $227,000 | $9,909 | 6.43% |
| Outside of Metro Areas | 9 | $2,015,000 | $223,889 | $10,680 | 6.39% |
| Outside of Metro Areas | 4 | $1,930,000 | $482,500 | $12,717 | 7.34% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 8 | $1,850,000 | $231,250 | $6,217 | 6.18% |
| Dumas, TX (FHA|USDA|VA) | 10 | $1,790,000 | $179,000 | $8,804 | 6.15% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,430,000 | $715,000 | $17,752 | 7.50% |
| Clearlake, CA (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $10,631 | 7.27% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 8 | $1,280,000 | $160,000 | $8,478 | 7.34% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $13,624 | 6.88% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $12,593 | 6.78% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $10,689 | 8.79% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $8,103 | 7.08% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $8,489 | 4.71% |
| Ukiah, CA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $13,729 | 6.94% |
| FLORENCE, SC (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $6,973 | 7.19% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $9,516 | 7.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $7,396 | 7.22% |
| Sandpoint, ID (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $11,860 | 7.06% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $19,822 | 5.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $7,075 | 6.50% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $13,491 | 6.25% |
| Zanesville, OH (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $9,417 | 7.19% |
| Rockport, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $13,060 | 7.63% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $16,579 | 7.25% |
| Shelby, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $9,306 | 7.44% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,729 | 7.06% |
| MERCED, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $8,792 | 7.50% |
| Salem, OH (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $6,150 | 6.92% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $15,246 | 6.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $19,929 | 6.63% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,514 | 7.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $6,869 | 3.25% |
| Wooster, OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,132 | 6.75% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $22,042 | 6.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,358 | 7.63% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,965 | 7.38% |
| Borger, TX (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $6,534 | 6.69% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $14,293 | 7.63% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,934 | 3.50% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,863 | 7.25% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,469 | 7.25% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,770 | 4.99% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,600 | 3.63% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,449 | 7.50% |
| Jackson, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,819 | 6.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,601 | 6.44% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,013 | 7.06% |
| Guymon, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,608 | 6.25% |
| Chillicothe, OH (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $3,039 | 3.81% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,960 | 7.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against PREMIER LENDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Premier Lending's most frequently originated type of loan was Conventional, with 360 originations. Their 2nd most popular type was FHA, with 128 originations.
Loan Reason
For 2023, Premier Lending's most frequently cited loan purpose was Home Purchase, with 498 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
For 2023, Premier Lending's most frequently cited loan duration was 30 Year, with 496 originations. The 2nd most popular length was 15 Year, with 23 originations.
Origination Fees/Closing Costs
Premier Lending's average total fees were $9,824, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 202 originations.
Interest Rates
During 2023, Premier Lending's average interest rate for loans was 6.65%, while their most frequently originated rate bucket for loans was 6-7%, with 221 originations.
Loan Sizing
2023 saw Premier Lending place emphasis on $200k-400k loans with 237 originations, totaling $70,345,000 in origination value.
Applicant Income
Premier Lending lent most frequently to those with incomes in the $50k-75k range, with 128 originations. The second most popular income band? $100k-150k, with 117 originations.
Applicant Debt to Income Ratio
Premier Lending lent most frequently to those with DTI ratios of 50-60%, with 67 originations. The next most common DTI ratio? 30-36%, with 61 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination95.97%
Premier Lending has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 521 | $168,175,000 | $322,793 |