Premier Home Mortgage Rates, Fees & Info

RAPID CITY, SD

LEI: 5493006EODCF96VQNK28

Tax ID: 20-1091645

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Premier Home Mortgage is a smaller mortgage company specializing in Home Purchase loans. Premier Home Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Rapid City, Cheyenne, Casper, Gillette, and Spearfish among others. We have data for 64 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Premier Home Mortgage 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 Home Mortgage is typically a low 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

    1,735

    Origination Dollar Volume (All Markets)

    $300,505,000
    Show all (18) awards

    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
    RAPID CITY, SD (FHA|USDA|VA) 354 $68,960,000 $194,802 $4,329 4.64%
    CHEYENNE, WY (FHA|USDA|VA) 364 $66,880,000 $183,736 $4,338 4.36%
    Outside of Metro Areas 253 $35,395,000 $139,901 $3,040 4.86%
    CASPER, WY (FHA|USDA|VA) 241 $30,305,000 $125,747 $3,788 4.24%
    Gillette, WY (FHA|USDA|VA) 104 $19,380,000 $186,346 $3,695 4.72%
    Spearfish, SD (FHA|USDA|VA) 44 $9,310,000 $211,591 $4,407 4.74%
    Dickinson, ND (FHA|USDA|VA) 32 $7,930,000 $247,813 $4,003 4.79%
    Helena, MT (FHA|USDA|VA) 28 $6,200,000 $221,429 $5,346 4.94%
    JOPLIN, MO (FHA|USDA|VA) 54 $6,070,000 $112,407 $2,306 5.08%
    SIOUX FALLS, SD (FHA|USDA|VA) 30 $5,860,000 $195,333 $4,358 4.57%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 40 $4,770,000 $119,250 $2,398 5.35%
    Rock Springs, WY (FHA|USDA|VA) 23 $4,355,000 $189,348 $2,365 4.97%
    Sheridan, WY (FHA|USDA|VA) 13 $3,905,000 $300,385 $5,402 4.93%
    Laramie, WY (FHA|USDA|VA) 13 $3,065,000 $235,769 $3,412 5.03%
    GREAT FALLS, MT (FHA|USDA|VA) 18 $2,960,000 $164,444 $3,510 4.51%
    GRAND JUNCTION, CO (FHA|USDA|VA) 9 $2,565,000 $285,000 $1,811 4.94%
    BILLINGS, MT (FHA|USDA|VA) 11 $2,085,000 $189,545 $4,416 4.61%
    Kalispell, MT (FHA|USDA|VA) 4 $1,940,000 $485,000 $14,778 4.84%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $1,910,000 $318,333 $6,706 4.90%
    Riverton, WY (FHA|USDA|VA) 9 $1,695,000 $188,333 $4,810 4.57%
    FORT COLLINS, CO (FHA|USDA|VA) 4 $1,320,000 $330,000 $7,007 4.88%
    IOWA CITY, IA (FHA|USDA|VA) 4 $860,000 $215,000 $1,982 5.41%
    Kearney, NE (FHA|USDA|VA) 6 $850,000 $141,667 $3,226 5.10%
    GREELEY, CO (FHA|USDA|VA) 2 $750,000 $375,000 $7,748 4.69%
    BISMARCK, ND (FHA|USDA|VA) 4 $700,000 $175,000 $3,959 4.69%
    Brookings, SD (FHA|USDA|VA) 2 $640,000 $320,000 $3,607 4.75%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 4 $640,000 $160,000 $3,033 5.16%
    GRAND ISLAND, NE (FHA|USDA|VA) 4 $600,000 $150,000 $4,217 4.56%
    Pierre, SD (FHA|USDA|VA) 3 $535,000 $178,333 $0 4.29%
    SPRINGFIELD, MO (FHA|USDA|VA) 3 $495,000 $165,000 $1,486 4.96%
    Butte-Silver Bow, MT (FHA|USDA|VA) 3 $455,000 $151,667 $3,341 5.13%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $430,000 $215,000 $4,378 5.13%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $425,000 $425,000 $8,915 4.25%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 3 $425,000 $141,667 $687 5.58%
    Pittsburg, KS (FHA|USDA|VA) 5 $345,000 $69,000 $1,179 5.10%
    Scottsbluff, NE (FHA|USDA|VA) 3 $325,000 $108,333 $2,886 4.75%
    Norfolk, NE (FHA|USDA|VA) 2 $310,000 $155,000 $3,285 5.13%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $305,000 $305,000 $12,146 4.38%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $305,000 $305,000 $0 5.00%
    Vermillion, SD (FHA|USDA|VA) 2 $290,000 $145,000 $4,675 5.25%
    Williston, ND (FHA|USDA|VA) 1 $265,000 $265,000 $10,911 5.13%
    Fort Morgan, CO (FHA|USDA|VA) 1 $265,000 $265,000 $4,526 4.00%
    Yankton, SD (FHA|USDA|VA) 1 $255,000 $255,000 $4,389 5.13%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $240,000 $120,000 $4,741 4.81%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $235,000 $235,000 $4,053 5.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,513 4.75%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $205,000 $205,000 $5,615 4.63%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $185,000 $185,000 $1,324 4.38%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $180,000 $90,000 $2,501 4.81%
    North Platte, NE (FHA|USDA|VA) 1 $175,000 $175,000 $6,311 4.75%
    LINCOLN, NE (FHA|USDA|VA) 1 $175,000 $175,000 $7,005 5.13%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $165,000 $165,000 $4,953 4.88%
    Evanston, WY (FHA|USDA|VA) 1 $165,000 $165,000 $1,811 5.13%
    GADSDEN, AL (FHA|USDA|VA) 1 $155,000 $155,000 $1,566 4.63%
    Outside of Metro Areas 1 $145,000 $145,000 $725 4.75%
    Aberdeen, SD (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.63%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,170 5.25%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $105,000 $105,000 $3,500 4.88%
    Blackfoot, ID (FHA|USDA|VA) 1 $105,000 $105,000 $5,329 4.63%
    Miami, OK (FHA|USDA|VA) 1 $105,000 $105,000 $2,314 5.63%
    Sterling, CO (FHA|USDA|VA) 1 $105,000 $105,000 $2,424 4.75%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,863 4.88%
    AMES, IA (FHA|USDA|VA) 1 $85,000 $85,000 $2,892 3.75%
    Fort Payne, AL (FHA|USDA|VA) 1 $75,000 $75,000 $746 5.00%
    Premier Home Mortgage's top markets include Rapid City, Cheyenne, Casper, Gillette, and Spearfish among others.

    Their top states include:
  • Wyoming (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • North Dakota (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Premier Home Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    WESTERN COOPERATIVE CREDIT UNION
    Similarity Rank: 12
    Citizens State Bank
    Similarity Rank: 68
    Farmers Savings Bank & Trust
    Similarity Rank: 76
    Montana Federal Credit Union
    Similarity Rank: 85
    FIRST
    Similarity Rank: 117
    Hills Bank and Trust Company
    Similarity Rank: 117
    Southwest Missouri Bank
    Similarity Rank: 144
    RESIDENTIAL MORTGAGE NETWORK, INC.
    Similarity Rank: 216
    Collins Community Credit Union
    Similarity Rank: 247
    Stockman Bank of Montana
    Similarity Rank: 252

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 744 $118,270,000 $158,965 $3,113 4.74%
    FHA 548 $97,210,000 $177,391 $4,748 4.55%
    VA 231 $55,135,000 $238,680 $5,750 4.49%
    USDA 212 $29,890,000 $140,991 $2,287 4.80%

    For 2018, Premier Home Mortgage's most frequently originated type of loan was Conventional, with 744 originations. Their 2nd most popular type was FHA, with 548 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,574 $269,650,000 $171,315 $3,609 4.62%
    Cash Out Refi 109 $21,055,000 $193,165 $5,292 4.89%
    Refi 52 $9,800,000 $188,462 $4,456 4.74%

    For 2018, Premier Home Mortgage's most frequently cited loan purpose was Home Purchase, with 1,574 originations. The 2nd most popular reason was Cash Out Refi, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,638 $292,150,000 $178,358 $3,808 4.68%
    10 Year 50 $520,000 $10,400 $3,986 3.92%
    15 Year 37 $6,185,000 $167,162 $3,656 4.36%
    20 Year 8 $1,640,000 $205,000 $4,192 4.72%
    Other 2 $10,000 $5,000 $0 3.75%

    For 2018, Premier Home Mortgage's most frequently cited loan duration was 30 Year, with 1,638 originations. The 2nd most popular length was 10 Year, with 50 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 760 $131,480,000 $173,000
    $1k-2k 209 $36,585,000 $175,048
    $2k-3k 187 $33,175,000 $177,406
    $3k-4k 103 $24,415,000 $237,039
    $4k-5k 52 $16,500,000 $317,308
    $5k+ 18 $7,100,000 $394,444

    Premier Home Mortgage's average total fees were $3,808, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 760 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 969 $197,085,000 $203,390
    5-6% 360 $56,950,000 $158,194
    3-4% 275 $44,665,000 $162,418
    6-7% 5 $555,000 $111,000
    2.5-3% 3 $555,000 $185,000

    During 2018, Premier Home Mortgage's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 4-5%, with 969 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 768 $118,140,000 $153,828 $3,408 4.62%
    $200k-400k 578 $150,920,000 $261,107 $4,557 4.63%
    $100,000 or less 352 $14,710,000 $41,790 $1,939 4.76%
    $400k-600k 36 $15,800,000 $438,889 $7,456 4.64%
    $600k-1MM 1 $935,000 $935,000 $22,518 4.63%

    2018 saw Premier Home Mortgage place emphasis on $100k-200k loans with 768 originations, totaling $118,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 604 $96,700,000 $160,099 $3,859 4.60%
    $50k or less 558 $66,550,000 $119,265 $2,752 4.64%
    $75k-100k 292 $60,970,000 $208,801 $4,061 4.67%
    $100k-150k 195 $50,665,000 $259,821 $4,602 4.77%
    $150k-250k 65 $18,775,000 $288,846 $4,894 4.71%
    $250k+ 12 $4,690,000 $390,833 $7,522 4.47%

    Premier Home Mortgage lent most frequently to those with incomes in the $50k-75k range, with 604 originations. The second most popular income band? $50k or less, with 558 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 291 $45,655,000 $156,890 $3,448 4.64%
    50-60% 194 $40,450,000 $208,505 $5,350 4.66%
    20-30% 174 $29,310,000 $168,448 $3,673 4.69%
    44% 132 $20,850,000 $157,955 $3,548 4.53%
    40% 108 $16,540,000 $153,148 $2,643 4.67%
    39% 94 $16,260,000 $172,979 $3,852 4.67%
    41% 92 $13,980,000 $151,957 $3,654 4.55%
    43% 88 $13,620,000 $154,773 $3,767 4.49%
    38% 70 $11,920,000 $170,286 $3,679 4.76%
    42% 69 $11,445,000 $165,870 $4,748 4.54%
    36% 64 $9,330,000 $145,781 $3,584 4.50%
    49% 57 $12,015,000 $210,789 $3,563 4.76%
    45% 57 $11,675,000 $204,825 $3,345 4.64%
    37% 55 $9,755,000 $177,364 $3,504 4.71%
    <20% 50 $7,340,000 $146,800 $3,138 4.75%
    48% 45 $9,215,000 $204,778 $3,835 4.84%
    47% 44 $9,680,000 $220,000 $3,551 4.71%
    46% 41 $9,215,000 $224,756 $4,424 4.71%
    >60% 9 $2,125,000 $236,111 $7,326 4.44%

    Premier Home Mortgage lent most frequently to those with DTI ratios of 30-36%, with 291 originations. The next most common DTI ratio? 50-60%, with 194 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,610 $279,050,000 $173,323 $3,807 4.65%
    Not provided 67 $11,645,000 $173,806 $3,958 4.56%
    American Indian 21 $3,555,000 $169,286 $3,769 4.64%
    Black 18 $3,280,000 $182,222 $3,518 4.76%
    Asian 14 $2,100,000 $150,000 $3,568 4.44%
    Native Hawaiian or Islander 5 $875,000 $175,000 $3,132 4.53%

    Approval Rates

    Total approvals of all applications
    94.07%

    Premier Home Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.42%

    Premier Home Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,735 $300,505,000 $173,202

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 104 $14,720,000 $141,538
    Single Family (1-4 Units):Site-Built 1,631 $285,785,000 $175,221

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,400,000 $116,667 $3,110 4.59%
    40-60% 44 $7,550,000 $171,591 $4,383 4.60%
    60-80% 195 $39,085,000 $200,436 $3,933 4.85%
    80-100% 1,236 $231,900,000 $187,621 $3,462 4.66%
    Over 100% 75 $19,485,000 $259,800 $8,423 4.41%
    Under 20% 172 $960,000 $5,581 $0 3.90%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Primary Capital Mortgage, LLC VA mortgage Trouble during payment process 1 100.0%