Premier Community Credit Union Mortgage Rates, Fees & Info
Stockton, CALEI: 5493004GXVRGCA238646
Tax ID: 94-1215832
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, San Francisco, and Sacramento among others. We have data for 4 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 a high 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
9Origination Dollar Volume (All Markets)
$4,235,000Top 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) | 5 | $2,255,000 | $451,000 | $7,379 | 3.22% |
| Outside of Metro Areas | 1 | $1,405,000 | $1,405,000 | $19,528 | 2.99% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,103 | 3.31% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,700 | 5.13% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 9 | $4,235,000 | $470,556 | $7,703 | 3.43% |
For 2021, Premier Community Credit Union's most frequently originated type of loan was Conventional, with 9 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 8 | $3,790,000 | $473,750 | $7,715 | 3.45% |
| Refi | 1 | $445,000 | $445,000 | $7,610 | 3.25% |
For 2021, Premier Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 8 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
For 2021, Premier Community Credit Union's most frequently cited loan duration was 15 Year, with 3 originations. The 2nd most popular length was 30 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 5 | $3,685,000 | $737,000 |
| $<1k | 3 | $195,000 | $65,000 |
| $4k-5k | 1 | $355,000 | $355,000 |
Premier Community Credit Union's average total fees were $8,810, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 3 | $2,635,000 | $878,333 |
| <2.5% | 2 | $960,000 | $480,000 |
| 3-4% | 2 | $500,000 | $250,000 |
| 5-6% | 2 | $140,000 | $70,000 |
During 2021, Premier Community Credit Union's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3 originations.
Loan Sizing
2021 saw Premier Community Credit Union place emphasis on $100,000 or less loans with 3 originations, totaling $195,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 4 | $1,260,000 | $315,000 | $5,756 | 3.69% |
| $250k+ | 4 | $2,910,000 | $727,500 | $10,849 | 2.75% |
Premier Community Credit Union lent most frequently to those with incomes in the $150k-250k range, with 4 originations. The second most popular income band? $250k+, with 4 originations.
Applicant Debt to Income Ratio
Premier Community Credit Union lent most frequently to those with DTI ratios of <20%, with 4 originations. The next most common DTI ratio? 30-36%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 8 | $3,690,000 | $461,250 | $7,578 | 3.48% |
| Not provided | 1 | $545,000 | $545,000 | $8,703 | 2.99% |
Approval Rates
Total approvals of all applications76.92%
Premier Community Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination88.89%
Premier Community Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 9 | $4,235,000 | $470,556 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Premier Mortgage, LLC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| Premier Mortgage, LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 66.7% |