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 loans. Premier Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Stockton, Modesto, and Vallejo among others. We have data for 3 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.
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Originations
10Origination Dollar Volume (All Markets)
$3,010,000Top 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) | 8 | $2,560,000 | $320,000 | $0 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 10 | $3,010,000 | $301,000 | $0 | 0.00% |
For 2020, Premier Community Credit Union's most frequently originated type of loan was Conventional, with 10 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 8 | $2,880,000 | $360,000 | $0 | 0.00% |
| Home Purchase | 2 | $130,000 | $65,000 | $0 | 0.00% |
For 2020, Premier Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 8 originations. The 2nd most popular reason was Home Purchase, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 10 | $3,010,000 | $301,000 | $0 | 0.00% |
For 2020, Premier Community Credit Union's most frequently cited loan duration was Other, with 10 originations.
Loan Sizing
2020 saw Premier Community Credit Union place emphasis on $200k-400k loans with 4 originations, totaling $1,140,000 in origination value.
Applicant Income
Premier Community Credit Union lent most frequently to those with incomes in the $150k-250k range, with 3 originations. The second most popular income band? $75k-100k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 10 | $3,010,000 | $301,000 | $0 | 0.00% |
Premier Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 10 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 8 | $2,310,000 | $288,750 | $0 | 0.00% |
| Not provided | 2 | $700,000 | $350,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications71.43%
Premier Community Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination50.00%
Premier Community Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 10 | $3,010,000 | $301,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 10 | $3,010,000 | $301,000 |
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% |