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 Refi and Home Purchase 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 by origination volume include: San Francisco, San Jose, Santa Rosa, Los Angeles, and Charlotte among others. We have data for 59 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 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.60% | 11/17/24 |
| 30 Year Conventional Refi | 6.65% | 11/17/24 |
| 30 Year Cash-out Refi | 6.75% | 11/17/24 |
| 30 Year FHA Purchase | 7.39% | 11/17/24 |
| 30 Year FHA Refi | 7.45% | 11/17/24 |
| 30 Year VA Purchase | 6.48% | 11/17/24 |
| 30 Year USDA Purchase | 6.66% | 11/17/24 |
| 15 Year Conventional Purchase | 5.93% | 11/17/24 |
| 15 Year Conventional Refi | 6.34% | 11/17/24 |
| 15 Year Cash-out Refi | 6.34% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,852Origination Dollar Volume (All Markets)
$893,810,000Awards
PREMIER LENDING - 2020
PREMIER LENDING is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 568 | $330,870,000 | $582,518 | $5,633 | 3.10% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 317 | $191,215,000 | $603,202 | $5,284 | 3.18% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 197 | $95,115,000 | $482,817 | $5,391 | 3.21% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 128 | $61,050,000 | $476,953 | $6,943 | 3.23% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 213 | $55,355,000 | $259,883 | $4,577 | 3.20% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 94 | $35,300,000 | $375,532 | $5,002 | 3.20% |
| VALLEJO, CA (FHA|USDA|VA) | 48 | $18,960,000 | $395,000 | $7,722 | 3.03% |
| STOCKTON, CA (FHA|USDA|VA) | 36 | $13,370,000 | $371,389 | $6,380 | 3.19% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 32 | $11,330,000 | $354,063 | $7,551 | 3.32% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 13 | $9,735,000 | $748,846 | $5,914 | 3.08% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 19 | $8,685,000 | $457,105 | $7,395 | 3.11% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 17 | $7,605,000 | $447,353 | $4,896 | 2.93% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 30 | $7,410,000 | $247,000 | $5,094 | 3.12% |
| NAPA, CA (FHA|USDA|VA) | 9 | $5,125,000 | $569,444 | $5,959 | 3.22% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $3,275,000 | $655,000 | $6,861 | 2.98% |
| MODESTO, CA (FHA|USDA|VA) | 10 | $3,190,000 | $319,000 | $7,078 | 3.33% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 7 | $2,775,000 | $396,429 | $4,859 | 3.43% |
| Outside of Metro Areas | 10 | $2,540,000 | $254,000 | $5,342 | 3.14% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 9 | $2,515,000 | $279,444 | $5,231 | 3.39% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $2,345,000 | $469,000 | $13,370 | 2.98% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 9 | $1,905,000 | $211,667 | $3,833 | 3.08% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 4 | $1,840,000 | $460,000 | $4,315 | 3.16% |
| SALINAS, CA (FHA|USDA|VA) | 4 | $1,780,000 | $445,000 | $4,189 | 3.06% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $1,645,000 | $548,333 | $4,765 | 2.83% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 6 | $1,630,000 | $271,667 | $3,392 | 3.23% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $1,405,000 | $468,333 | $7,109 | 3.25% |
| Clearlake, CA (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $4,512 | 3.06% |
| Ukiah, CA (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $4,324 | 3.50% |
| MERCED, CA (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $10,285 | 3.17% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $5,208 | 3.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $9,267 | 3.06% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $8,706 | 3.21% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $5,032 | 3.13% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $5,099 | 3.81% |
| Sonora, CA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $4,466 | 3.17% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,545 | 3.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $11,652 | 2.75% |
| REDDING, CA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $3,848 | 4.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $5,224 | 3.38% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $12,097 | 2.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,485 | 3.50% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,271 | 3.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,731 | 2.99% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,559 | 3.38% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,844 | 3.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,844 | 2.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,629 | 3.50% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $14,539 | 2.75% |
| FLORENCE, SC (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $4,133 | 3.91% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,361 | 3.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,023 | 3.63% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,908 | 4.13% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,180 | 3.50% |
| CHICO, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,231 | 3.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,847 | 3.13% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,741 | 3.25% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,327 | 3.38% |
| Shelby, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,851 | 3.63% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,899 | 3.13% |
Their top states include:
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Product Mix
For 2020, Premier Lending's most frequently originated type of loan was Conventional, with 1,659 originations. Their 2nd most popular type was FHA, with 124 originations.
Loan Reason
For 2020, Premier Lending's most frequently cited loan purpose was Refi, with 1,130 originations. The 2nd most popular reason was Home Purchase, with 607 originations.
Loan Duration/Length
For 2020, Premier Lending's most frequently cited loan duration was 30 Year, with 1,673 originations. The 2nd most popular length was 15 Year, with 115 originations.
Origination Fees/Closing Costs
Premier Lending's average total fees were $5,674, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,331 originations.
Interest Rates
During 2020, Premier Lending's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 3-4%, with 914 originations.
Loan Sizing
2020 saw Premier Lending place emphasis on $200k-400k loans with 609 originations, totaling $186,925,000 in origination value.
Applicant Income
Premier Lending lent most frequently to those with incomes in the $150k-250k range, with 558 originations. The second most popular income band? $100k-150k, with 452 originations.
Applicant Debt to Income Ratio
Premier Lending lent most frequently to those with DTI ratios of 30-36%, with 361 originations. The next most common DTI ratio? 20-30%, with 359 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.36%
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 origination90.50%
Premier Lending has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,852 | $893,810,000 | $482,619 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 9 | $3,255,000 | $361,667 |
| Single Family (1-4 Units):Site-Built | 1,843 | $890,555,000 | $483,209 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Premier Mortgage, LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |