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: San Francisco, San Jose, Santa Rosa, Sacramento, and Vallejo among others. We have data for 21 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 a below average pick rate when compared to similar lenders. Premier Lending is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.60% | 11/21/24 |
| 30 Year Conventional Refi | 6.65% | 11/21/24 |
| 30 Year Cash-out Refi | 6.75% | 11/21/24 |
| 30 Year FHA Purchase | 7.39% | 11/21/24 |
| 30 Year FHA Refi | 7.45% | 11/21/24 |
| 30 Year VA Purchase | 6.48% | 11/21/24 |
| 30 Year USDA Purchase | 6.66% | 11/21/24 |
| 15 Year Conventional Purchase | 5.93% | 11/21/24 |
| 15 Year Conventional Refi | 6.34% | 11/21/24 |
| 15 Year Cash-out Refi | 6.34% | 11/21/24 |
| 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
389Origination Dollar Volume (All Markets)
$207,415,000Top 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 Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 154 | $101,620,000 | $659,870 | $6,089 | 4.77% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 72 | $43,150,000 | $599,306 | $6,832 | 4.78% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 55 | $27,115,000 | $493,000 | $7,205 | 4.86% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 50 | $15,180,000 | $303,600 | $5,065 | 4.87% |
| VALLEJO, CA (FHA|USDA|VA) | 14 | $4,620,000 | $330,000 | $5,909 | 4.98% |
| STOCKTON, CA (FHA|USDA|VA) | 8 | $2,980,000 | $372,500 | $6,125 | 4.89% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $2,885,000 | $412,143 | $5,679 | 5.11% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,765,000 | $588,333 | $5,704 | 4.71% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $1,585,000 | $528,333 | $6,508 | 4.67% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $6,583 | 4.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $7,437 | 5.10% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $6,555 | 5.00% |
| Outside of Metro Areas | 3 | $605,000 | $201,667 | $3,591 | 4.71% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $3,957 | 4.38% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,534 | 5.25% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,025 | 4.75% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,965 | 4.50% |
| MERCED, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,121 | 5.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,863 | 4.25% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,266 | 5.25% |
| Sonora, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,953 | 3.88% |
Their top states include:
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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 348 | $187,180,000 | $537,874 | $5,496 | 4.82% |
| FHA | 27 | $11,955,000 | $442,778 | $12,354 | 4.85% |
| VA | 14 | $8,280,000 | $591,429 | $12,319 | 4.70% |
For 2018, Premier Lending's most frequently originated type of loan was Conventional, with 348 originations. Their 2nd most popular type was FHA, with 27 originations.
Loan Reason
For 2018, Premier Lending's most frequently cited loan purpose was Home Purchase, with 292 originations. The 2nd most popular reason was Refi, with 51 originations.
Loan Duration/Length
For 2018, Premier Lending's most frequently cited loan duration was 30 Year, with 334 originations. The 2nd most popular length was Other, with 46 originations.
Origination Fees/Closing Costs
Premier Lending's average total fees were $6,296, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 284 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 270 | $145,260,000 | $538,000 |
| 5-6% | 100 | $51,790,000 | $517,900 |
| 3-4% | 17 | $9,385,000 | $552,059 |
| 6-7% | 2 | $980,000 | $490,000 |
During 2018, Premier Lending's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 270 originations.
Loan Sizing
2018 saw Premier Lending place emphasis on $400k-600k loans with 120 originations, totaling $59,880,000 in origination value.
Applicant Income
Premier Lending lent most frequently to those with incomes in the $150k-250k range, with 128 originations. The second most popular income band? $100k-150k, with 106 originations.
Applicant Debt to Income Ratio
Premier Lending lent most frequently to those with DTI ratios of 30-36%, with 58 originations. The next most common DTI ratio? 20-30%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.42%
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 origination87.92%
Premier Lending has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 389 | $207,415,000 | $533,201 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 389 | $207,415,000 | $533,201 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Primary Capital Mortgage, LLC | VA mortgage | Trouble during payment process | 1 | 100.0% |