Premier Lending Mortgage Rates, Fees & Info

SANTA ROSA, CA

LEI: 5493001SDQVS1NWYH012

Tax ID: 27-0993345

3.8 stars - Updated: 4/14/24 - out of 5 stars, based on 23 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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% 4/14/24
30 Year Conventional Refi 6.65% 4/14/24
30 Year Cash-out Refi 6.75% 4/14/24
30 Year FHA Purchase 7.39% 4/14/24
30 Year FHA Refi 7.45% 4/14/24
30 Year VA Purchase 6.48% 4/14/24
30 Year USDA Purchase 6.66% 4/14/24
15 Year Conventional Purchase 5.93% 4/14/24
15 Year Conventional Refi 6.34% 4/14/24
15 Year Cash-out Refi 6.34% 4/14/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Premier Lending. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

521

Origination Dollar Volume (All Markets)

$168,175,000

Awards

PREMIER LENDING FHA Loans bronze
Show all (1) awards

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%
Premier Lending's top markets include Phoenix, Charlotte, Spokane, Santa Rosa, and San Francisco among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • 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.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    MISSION
    Similarity Rank: 93
    PIMA Federal Credit Union
    Similarity Rank: 110
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 126
    FIRST COMMERCE CREDIT UNION
    Similarity Rank: 138
    Envision Credit Union
    Similarity Rank: 240
    LBS FINANCIAL
    Similarity Rank: 258
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 312
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 360 $118,430,000 $328,972 $7,730 6.40%
    FHA 128 $38,740,000 $302,656 $13,741 6.71%
    VA 33 $11,005,000 $333,485 $13,423 6.61%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 498 $162,170,000 $325,643 $9,705 6.46%
    Cash Out Refi 15 $3,225,000 $215,000 $6,004 7.17%
    Refi 8 $2,780,000 $347,500 $7,278 6.79%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 496 $165,050,000 $332,762 $9,824 6.65%
    15 Year 23 $2,255,000 $98,043 $3,311 2.48%
    Other 2 $870,000 $435,000 $18,215 12.49%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 202 $83,790,000 $414,802
    $3k-4k 89 $22,115,000 $248,483
    $1k-2k 78 $30,870,000 $395,769
    $2k-3k 57 $14,155,000 $248,333
    $4k-5k 57 $16,565,000 $290,614
    $<1k 38 $680,000 $17,895

    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

    Loan Rate Originations Total Value Average Loan
    6-7% 221 $81,745,000 $369,887
    7-8% 208 $65,830,000 $316,490
    5-6% 42 $15,810,000 $376,429
    <2.5% 35 $385,000 $11,000
    Over 8% 12 $4,020,000 $335,000
    4-5% 2 $380,000 $190,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 237 $70,345,000 $296,814 $10,261 6.85%
    $100k-200k 110 $17,010,000 $154,636 $7,215 7.04%
    $400k-600k 70 $34,190,000 $488,429 $12,713 7.02%
    $100,000 or less 50 $1,490,000 $29,800 $1,535 2.21%
    $600k-1MM 44 $32,280,000 $733,636 $12,965 7.03%
    $1MM+ 10 $12,860,000 $1,286,000 $21,219 6.63%

    2023 saw Premier Lending place emphasis on $200k-400k loans with 237 originations, totaling $70,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 128 $23,860,000 $186,406 $7,248 5.92%
    $100k-150k 117 $39,975,000 $341,667 $10,514 6.67%
    $75k-100k 101 $26,545,000 $262,822 $9,667 6.53%
    $150k-250k 93 $42,625,000 $458,333 $11,353 6.92%
    $50k or less 42 $5,740,000 $136,667 $6,304 6.07%
    $250k+ 40 $29,430,000 $735,750 $13,232 7.08%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 67 $22,645,000 $337,985 $12,968 6.55%
    30-36% 61 $23,015,000 $377,295 $9,416 6.97%
    20-30% 51 $13,705,000 $268,725 $7,425 6.67%
    <20% 35 $4,195,000 $119,857 $4,025 3.76%
    49% 32 $10,570,000 $330,313 $9,477 6.97%
    44% 28 $10,000,000 $357,143 $11,193 6.84%
    48% 28 $11,050,000 $394,643 $9,414 6.97%
    47% 27 $7,915,000 $293,148 $9,657 6.49%
    39% 27 $10,785,000 $399,444 $10,494 6.52%
    41% 24 $8,370,000 $348,750 $9,861 6.64%
    43% 24 $6,960,000 $290,000 $8,981 6.14%
    40% 23 $6,055,000 $263,261 $8,102 6.64%
    46% 22 $7,720,000 $350,909 $8,761 6.65%
    45% 18 $6,150,000 $341,667 $11,119 6.43%
    37% 15 $5,275,000 $351,667 $9,894 6.89%
    42% 14 $3,900,000 $278,571 $8,707 6.25%
    38% 12 $4,140,000 $345,000 $9,233 6.47%
    36% 7 $2,485,000 $355,000 $6,091 5.54%
    >60% 5 $2,715,000 $543,000 $22,796 7.85%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 308 $100,510,000 $326,331 $9,273 6.75%
    Not provided 127 $38,315,000 $301,693 $9,605 5.81%
    Black 56 $15,940,000 $284,643 $10,418 6.34%
    Asian 26 $12,460,000 $479,231 $10,823 6.80%
    Native Hawaiian or Islander 2 $510,000 $255,000 $9,981 7.63%
    American Indian 2 $440,000 $220,000 $12,013 7.19%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    95.97%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    521 $168,175,000 $322,793

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $3,315,000 $174,474 $6,176 6.75%
    40-60% 32 $12,350,000 $385,938 $7,792 6.91%
    60-80% 91 $34,295,000 $376,868 $10,081 7.24%
    80-100% 331 $112,705,000 $340,498 $10,428 6.87%
    Over 100% 10 $4,630,000 $463,000 $22,834 7.10%
    Under 20% 38 $880,000 $23,158 $330 0.55%