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 and Refi loans. Premier Lending has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: San Francisco, San Jose, Santa Rosa, Sacramento, and Los Angeles among others. We have data for 24 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% | 4/22/24 |
| 30 Year Conventional Refi | 6.65% | 4/22/24 |
| 30 Year Cash-out Refi | 6.75% | 4/22/24 |
| 30 Year FHA Purchase | 7.39% | 4/22/24 |
| 30 Year FHA Refi | 7.45% | 4/22/24 |
| 30 Year VA Purchase | 6.48% | 4/22/24 |
| 30 Year USDA Purchase | 6.66% | 4/22/24 |
| 15 Year Conventional Purchase | 5.93% | 4/22/24 |
| 15 Year Conventional Refi | 6.34% | 4/22/24 |
| 15 Year Cash-out Refi | 6.34% | 4/22/24 |
| 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™
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
666Origination Dollar Volume (All Markets)
$378,670,000Top 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) | 239 | $168,545,000 | $705,209 | $7,209 | 4.32% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 144 | $88,760,000 | $616,389 | $6,448 | 4.26% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 107 | $52,365,000 | $489,393 | $5,581 | 4.02% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 81 | $28,405,000 | $350,679 | $5,512 | 4.31% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 19 | $10,185,000 | $536,053 | $5,796 | 4.09% |
| STOCKTON, CA (FHA|USDA|VA) | 14 | $5,370,000 | $383,571 | $7,152 | 4.35% |
| VALLEJO, CA (FHA|USDA|VA) | 17 | $5,135,000 | $302,059 | $6,094 | 4.27% |
| Outside of Metro Areas | 6 | $2,930,000 | $488,333 | $9,088 | 4.46% |
| SALINAS, CA (FHA|USDA|VA) | 4 | $2,210,000 | $552,500 | $6,423 | 4.22% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 4 | $2,110,000 | $527,500 | $5,388 | 3.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $2,075,000 | $415,000 | $6,919 | 4.37% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $1,990,000 | $497,500 | $6,685 | 3.94% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,795,000 | $598,333 | $5,296 | 4.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $19,546 | 5.95% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $3,589 | 4.44% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $4,037 | 3.87% |
| Ukiah, CA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $6,837 | 4.67% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $5,297 | 3.94% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,495 | 4.56% |
| MERCED, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,019 | 4.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,565 | 4.88% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,067 | 4.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,601 | 3.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,496 | 4.50% |
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
For 2019, Premier Lending's most frequently originated type of loan was Conventional, with 614 originations. Their 2nd most popular type was FHA, with 29 originations.
Loan Reason
For 2019, Premier Lending's most frequently cited loan purpose was Home Purchase, with 331 originations. The 2nd most popular reason was Refi, with 247 originations.
Loan Duration/Length
For 2019, Premier Lending's most frequently cited loan duration was 30 Year, with 622 originations. The 2nd most popular length was Other, with 20 originations.
Origination Fees/Closing Costs
Premier Lending's average total fees were $5,909, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 429 originations.
Interest Rates
During 2019, Premier Lending's average interest rate for loans was 4.20%, while their most frequently originated rate bucket for loans was 4-5%, with 312 originations.
Loan Sizing
2019 saw Premier Lending place emphasis on $400k-600k loans with 214 originations, totaling $105,710,000 in origination value.
Applicant Income
Premier Lending lent most frequently to those with incomes in the $150k-250k range, with 223 originations. The second most popular income band? $100k-150k, with 174 originations.
Applicant Debt to Income Ratio
Premier Lending lent most frequently to those with DTI ratios of 30-36%, with 127 originations. The next most common DTI ratio? 20-30%, with 112 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.30%
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 origination87.24%
Premier Lending has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 666 | $378,670,000 | $568,574 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 666 | $378,670,000 | $568,574 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Premier Lending, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |