Premier Community Credit Union Mortgage Rates, Fees & Info
Stockton, CALEI: 5493004GXVRGCA238646
Tax ID: 94-1215832
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Mortgage Data
Review & Overview
Premier Community Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Premier Community Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Stockton, Modesto, San Diego, Spokane, and Tupelo among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Premier Community Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Premier Community Credit Union 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.
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Originations
40Origination Dollar Volume (All Markets)
$5,760,000Top 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 |
|---|---|---|---|---|---|
| STOCKTON, CA (FHA|USDA|VA) | 34 | $4,840,000 | $142,353 | $3,830 | 5.08% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,627 | 5.06% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,134 | 4.88% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.99% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,477 | 4.88% |
| Outside of Metro Areas | 1 | $45,000 | $45,000 | $2,180 | 4.88% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 35 | $4,385,000 | $125,286 | $3,637 | 5.09% |
| FHA | 5 | $1,375,000 | $275,000 | $4,627 | 4.81% |
For 2018, Premier Community Credit Union's most frequently originated type of loan was Conventional, with 35 originations. Their 2nd most popular type was FHA, with 5 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 31 | $3,465,000 | $111,774 | $3,532 | 5.13% |
| Home Purchase | 9 | $2,295,000 | $255,000 | $4,174 | 4.83% |
For 2018, Premier Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 31 originations. The 2nd most popular reason was Home Purchase, with 9 originations.
Loan Duration/Length
For 2018, Premier Community Credit Union's most frequently cited loan duration was 15 Year, with 21 originations. The 2nd most popular length was 30 Year, with 14 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 13 | $635,000 | $48,846 |
| $<1k | 3 | $185,000 | $61,667 |
| $2k-3k | 1 | $125,000 | $125,000 |
| $3k-4k | 1 | $365,000 | $365,000 |
| $5k+ | 1 | $615,000 | $615,000 |
Premier Community Credit Union's average total fees were $5,134, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 24 | $3,640,000 | $151,667 |
| 5-6% | 13 | $1,575,000 | $121,154 |
| 6-7% | 1 | $125,000 | $125,000 |
During 2018, Premier Community Credit Union's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 24 originations.
Loan Sizing
2018 saw Premier Community Credit Union place emphasis on $100,000 or less loans with 23 originations, totaling $1,195,000 in origination value.
Applicant Income
Premier Community Credit Union lent most frequently to those with incomes in the $75k-100k range, with 12 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
Premier Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 30-36%, with 9 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 38 | $5,330,000 | $140,263 | $3,703 | 5.07% |
| Black | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Asian | 1 | $55,000 | $55,000 | $0 | 4.99% |
Approval Rates
Total approvals of all applications86.44%
Premier Community Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination75.00%
Premier Community Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1644.03 | 1 | $155,000 | $155,000 |
| 1730.0 | 1 | $165,000 | $165,000 |
| 1735.88 | 1 | $75,000 | $75,000 |
| 1750.0 | 1 | $105,000 | $105,000 |
| 1980.0 | 1 | $35,000 | $35,000 |
| 2070.0 | 1 | $35,000 | $35,000 |
| 2104.0 | 1 | $55,000 | $55,000 |
| 2120.0 | 1 | $35,000 | $35,000 |
| 2340.0 | 1 | $55,000 | $55,000 |
| 2345.0 | 1 | $55,000 | $55,000 |
| 2408.37 | 1 | $55,000 | $55,000 |
| 2417.0 | 1 | $55,000 | $55,000 |
| 2440.0 | 1 | $55,000 | $55,000 |
| 2512.49 | 1 | $125,000 | $125,000 |
| 2545.0 | 1 | $75,000 | $75,000 |
| 2590.0 | 1 | $125,000 | $125,000 |
| 3210.0 | 1 | $35,000 | $35,000 |
| 5270.0 | 1 | $365,000 | $365,000 |
| 5547.51 | 1 | $325,000 | $325,000 |
| 6501.69 | 1 | $375,000 | $375,000 |
| 8656.34 | 1 | $305,000 | $305,000 |
| 8951.0 | 1 | $615,000 | $615,000 |
| NA | 18 | $2,480,000 | $137,778 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 40 | $5,760,000 | $144,000 |
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% |