Premier Mortgage Resources Rates, Fees & Info
PORTLAND, ORLEI: 549300B4IYL7TZT8FA34
Tax ID: 20-2718340
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Mortgage Data
Overview
Premier Mortgage Resources is a small mortgage company specializing in Home Purchase and Cash Out Refi loans. Premier Mortgage Resources 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 include Boise City, Seattle, Portland, Sacramento, and San Jose among others. Premier Mortgage Resources has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Premier Mortgage Resources is typically a high fee lendor.Originations
7,098Origination Dollar Volume (All Markets)
$2,398,480,000Awards
PREMIER MORTGAGE RESOURCES - 2021
PREMIER MORTGAGE RESOURCES is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Premier Mortgage Resources 's average 30 year fixed rate mortgage of loans were
3.2%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.05%.
Relative Fees
Premier Mortgage Resources 's average total fees for a 30 year fixed rate
mortgage are $7,650.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| BOISE CITY, ID (FHA|USDA|VA) | 1,258 | $367,540,000 | $292,162 | $8,074 | 3.09% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 811 | $342,615,000 | $422,460 | $9,640 | 2.90% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 492 | $195,290,000 | $396,931 | $7,099 | 2.96% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 450 | $164,600,000 | $365,778 | $6,488 | 3.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 217 | $123,715,000 | $570,115 | $7,505 | 3.12% |
| TWIN FALLS, ID (FHA|USDA|VA) | 434 | $93,230,000 | $214,816 | $7,818 | 3.00% |
| FRESNO, CA (FHA|USDA|VA) | 275 | $84,775,000 | $308,273 | $6,068 | 3.08% |
| SALINAS, CA (FHA|USDA|VA) | 195 | $83,515,000 | $428,282 | $9,534 | 3.02% |
| Hilo, HI (FHA|USDA|VA) | 170 | $77,470,000 | $455,706 | $6,789 | 3.23% |
| Outside of Metro Areas | 210 | $74,030,000 | $352,524 | $7,579 | 3.26% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 118 | $69,730,000 | $590,932 | $5,218 | 3.22% |
| WALLA WALLA, WA (FHA|USDA|VA) | 215 | $59,405,000 | $276,302 | $4,852 | 3.09% |
| Outside of Metro Areas | 233 | $52,535,000 | $225,472 | $7,009 | 2.97% |
| BEND, OR (FHA|USDA|VA) | 107 | $41,195,000 | $385,000 | $7,347 | 3.08% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 147 | $36,875,000 | $250,850 | $6,454 | 2.75% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 51 | $27,785,000 | $544,804 | $5,625 | 3.14% |
| CHICO, CA (FHA|USDA|VA) | 76 | $26,470,000 | $348,289 | $6,913 | 3.13% |
| RENO, NV (FHA|USDA|VA) | 75 | $26,445,000 | $352,600 | $6,026 | 3.34% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 66 | $25,480,000 | $386,061 | $10,617 | 2.88% |
| YUBA CITY, CA (FHA|USDA|VA) | 73 | $21,315,000 | $291,986 | $5,854 | 3.09% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 100 | $21,030,000 | $210,300 | $4,613 | 2.96% |
| Ontario, OR-ID (FHA|USDA|VA) | 71 | $17,015,000 | $239,648 | $7,849 | 3.20% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 53 | $16,645,000 | $314,057 | $10,406 | 2.56% |
| Aberdeen, WA (FHA|USDA|VA) | 67 | $15,345,000 | $229,030 | $6,597 | 2.91% |
| Mountain Home, ID (FHA|USDA|VA) | 73 | $15,295,000 | $209,521 | $8,883 | 3.13% |
| Grand Rapids, MN (FHA|USDA|VA) | 75 | $15,285,000 | $203,800 | $7,040 | 3.26% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 31 | $15,235,000 | $491,452 | $7,621 | 3.14% |
| Burley, ID (FHA|USDA|VA) | 75 | $11,575,000 | $154,333 | $8,106 | 3.06% |
| SALEM, OR (FHA|USDA|VA) | 37 | $11,405,000 | $308,243 | $5,868 | 2.95% |
| Sandpoint, ID (FHA|USDA|VA) | 29 | $10,865,000 | $374,655 | $9,964 | 3.39% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 34 | $10,740,000 | $315,882 | $6,436 | 3.32% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 29 | $10,455,000 | $360,517 | $8,063 | 2.93% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 25 | $10,165,000 | $406,600 | $7,987 | 2.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 26 | $9,190,000 | $353,462 | $6,968 | 3.32% |
| MADERA, CA (FHA|USDA|VA) | 25 | $7,715,000 | $308,600 | $6,291 | 3.24% |
| Roseburg, OR (FHA|USDA|VA) | 28 | $7,550,000 | $269,643 | $6,969 | 3.15% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 33 | $7,525,000 | $228,030 | $5,614 | 3.21% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 21 | $7,325,000 | $348,810 | $8,608 | 2.99% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 15 | $7,115,000 | $474,333 | $6,470 | 3.30% |
| VALLEJO, CA (FHA|USDA|VA) | 17 | $6,925,000 | $407,353 | $7,895 | 2.89% |
| MERCED, CA (FHA|USDA|VA) | 15 | $6,195,000 | $413,000 | $5,460 | 3.42% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 12 | $6,060,000 | $505,000 | $7,689 | 3.17% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 21 | $6,025,000 | $286,905 | $6,575 | 2.93% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 26 | $5,900,000 | $226,923 | $8,736 | 2.92% |
| STOCKTON, CA (FHA|USDA|VA) | 18 | $5,730,000 | $318,333 | $6,068 | 2.96% |
| Kapaa, HI (FHA|USDA|VA) | 10 | $5,600,000 | $560,000 | $10,080 | 3.40% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 16 | $5,380,000 | $336,250 | $6,590 | 3.31% |
| MEDFORD, OR (FHA|USDA|VA) | 17 | $5,155,000 | $303,235 | $5,191 | 3.17% |
| Astoria, OR (FHA|USDA|VA) | 11 | $4,425,000 | $402,273 | $5,114 | 3.10% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 23 | $4,325,000 | $188,043 | $5,186 | 2.98% |
| VISALIA, CA (FHA|USDA|VA) | 16 | $4,230,000 | $264,375 | $5,407 | 3.12% |
| Hailey, ID (FHA|USDA|VA) | 11 | $4,225,000 | $384,091 | $12,657 | 2.95% |
| Newport, OR (FHA|USDA|VA) | 12 | $3,950,000 | $329,167 | $5,917 | 3.09% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 10 | $3,810,000 | $381,000 | $4,596 | 3.69% |
| Oak Harbor, WA (FHA|USDA|VA) | 9 | $3,725,000 | $413,889 | $7,005 | 3.29% |
| MODESTO, CA (FHA|USDA|VA) | 17 | $3,655,000 | $215,000 | $7,414 | 2.88% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 7 | $3,615,000 | $516,429 | $10,256 | 3.54% |
| Prineville, OR (FHA|USDA|VA) | 12 | $3,590,000 | $299,167 | $10,271 | 3.28% |
| YAKIMA, WA (FHA|USDA|VA) | 14 | $3,360,000 | $240,000 | $7,286 | 2.46% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 13 | $3,325,000 | $255,769 | $7,003 | 3.20% |
| BELLINGHAM, WA (FHA|USDA|VA) | 10 | $3,200,000 | $320,000 | $6,430 | 3.31% |
| GRANTS PASS, OR (FHA|USDA|VA) | 10 | $3,010,000 | $301,000 | $6,592 | 3.09% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $2,985,000 | $597,000 | $8,447 | 2.85% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 5 | $2,955,000 | $591,000 | $8,695 | 3.15% |
| Centralia, WA (FHA|USDA|VA) | 11 | $2,895,000 | $263,182 | $8,339 | 2.55% |
| POCATELLO, ID (FHA|USDA|VA) | 15 | $2,765,000 | $184,333 | $6,768 | 2.95% |
| WENATCHEE, WA (FHA|USDA|VA) | 7 | $2,475,000 | $353,571 | $5,504 | 3.36% |
| REDDING, CA (FHA|USDA|VA) | 10 | $2,420,000 | $242,000 | $4,444 | 3.51% |
| Alexandria, MN (FHA|USDA|VA) | 10 | $2,140,000 | $214,000 | $5,635 | 3.29% |
| DULUTH, MN-WI (FHA|USDA|VA) | 10 | $1,970,000 | $197,000 | $6,422 | 3.29% |
| ST. GEORGE, UT (FHA|USDA|VA) | 3 | $1,965,000 | $655,000 | $12,486 | 2.96% |
| LONGVIEW, WA (FHA|USDA|VA) | 8 | $1,900,000 | $237,500 | $5,778 | 2.97% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $1,825,000 | $365,000 | $3,942 | 3.38% |
| Blackfoot, ID (FHA|USDA|VA) | 9 | $1,815,000 | $201,667 | $5,906 | 3.14% |
| Moses Lake, WA (FHA|USDA|VA) | 8 | $1,810,000 | $226,250 | $5,101 | 2.62% |
| CARSON CITY, NV (FHA|USDA|VA) | 5 | $1,785,000 | $357,000 | $5,940 | 3.33% |
| Shelton, WA (FHA|USDA|VA) | 5 | $1,765,000 | $353,000 | $7,574 | 3.16% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,760,000 | $880,000 | $7,354 | 3.50% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 5 | $1,695,000 | $339,000 | $8,129 | 3.08% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 8 | $1,670,000 | $208,750 | $5,700 | 2.53% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 7 | $1,615,000 | $230,714 | $5,602 | 2.93% |
| The Dalles, OR (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $6,342 | 2.83% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $6,826 | 3.17% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $5,790 | 2.97% |
| Fernley, NV (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $5,820 | 3.25% |
| CORVALLIS, OR (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $9,490 | 3.25% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $4,755 | 3.46% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $6,562 | 3.47% |
| Rexburg, ID (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $7,485 | 2.94% |
| Klamath Falls, OR (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $6,293 | 2.93% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $27,156 | 2.88% |
| Pullman, WA (FHA|USDA|VA) | 6 | $930,000 | $155,000 | $6,098 | 3.10% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $16,469 | 3.00% |
| Port Angeles, WA (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $4,770 | 3.03% |
| Sonora, CA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $3,661 | 3.19% |
| Ellensburg, WA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $3,318 | 2.67% |
| Red Bluff, CA (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $5,881 | 3.09% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $5,805 | 3.38% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $6,358 | 3.46% |
| BILLINGS, MT (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $9,773 | 2.75% |
| Hood River, OR (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,998 | 2.25% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $11,571 | 3.50% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $4,796 | 2.79% |
| Moscow, ID (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $7,012 | 3.38% |
| Brainerd, MN (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $6,561 | 3.75% |
| Jackson, WY-ID (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $8,804 | 3.31% |
| Fallon, NV (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,639 | 3.31% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $16,785 | 2.63% |
| Montrose, CO (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,500 | 3.63% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,536 | 3.25% |
| Safford, AZ (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,328 | 2.88% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $10,600 | 2.99% |
| Brookings, OR (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,064 | 3.25% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,661 | 2.94% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,261 | 3.13% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,400 | 3.38% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,811 | 3.50% |
| Fergus Falls, MN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $8,376 | 3.63% |
| Price, UT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,609 | 4.00% |
| La Grande, OR (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,293 | 2.81% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,833 | 2.75% |
| Elko, NV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,276 | 3.13% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,158 | 3.25% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,966 | 3.25% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 6.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,400 | 2.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,811 | 3.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,719 | 4.25% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,896 | 2.75% |
| Bemidji, MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,475 | 3.25% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 2.70% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,349 | 3.38% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,890 | 2.50% |
| Gillette, WY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 2.58% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,986 | 3.38% |
Premier Mortgage Resources 's top markets include Boise City, Seattle, Portland, Sacramento, and San Jose among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 5,281 | $1,787,715,000 | $338,518 | $6,196 | 3.08% |
| FHA | 1,063 | $336,645,000 | $316,693 | $12,254 | 3.08% |
| VA | 640 | $247,740,000 | $387,094 | $10,024 | 2.75% |
| USDA | 114 | $26,380,000 | $231,404 | $6,960 | 3.02% |
For the 2021 period, Premier Mortgage Resources 's most frequently originated loan type of loans were Conventional, with 5,281 originations. Their 2nd most popular type is FHA, with 1,063 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 4,025 | $1,397,085,000 | $347,102 | $8,384 | 3.01% |
| Cash Out Refi | 1,574 | $524,590,000 | $333,285 | $7,060 | 3.25% |
| Refi | 1,468 | $473,280,000 | $322,398 | $5,556 | 2.94% |
| Other | 26 | $1,190,000 | $45,769 | $0 | 2.81% |
| Home Improvement | 5 | $2,335,000 | $467,000 | $0 | 5.20% |
For the 2021, Premier Mortgage Resources 's most frequently cited loan purpose of loans were Home Purchase, with 4,025 originations. The 2nd most popular reason of loans were Cash Out Refi, with 1,574 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 6,071 | $2,245,085,000 | $369,805 | $7,650 | 3.20% |
| Other | 475 | $35,535,000 | $74,811 | $3,898 | 1.01% |
| 15 Year | 320 | $85,130,000 | $266,031 | $4,932 | 2.59% |
| 10 Year | 137 | $4,395,000 | $32,080 | $4,224 | 4.50% |
| 20 Year | 92 | $26,610,000 | $289,239 | $5,678 | 2.99% |
| 1 Year | 3 | $1,725,000 | $575,000 | $0 | 5.50% |
For the 2021, Premier Mortgage Resources 's most frequently cited loan length of loans were 30 Year, with 6,071 originations. The 2nd most popular length of loans were Other, with 475 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,999 | $732,125,000 | $366,246 |
| $3k-4k | 1,705 | $543,375,000 | $318,695 |
| $5k+ | 1,383 | $655,985,000 | $474,320 |
| $2k-3k | 928 | $259,810,000 | $279,968 |
| $<1k | 913 | $168,215,000 | $184,244 |
$7,650 of loans were Premier Mortgage Resources 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,999 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 3,584 | $1,349,000,000 | $376,395 |
| 2.5-3% | 2,331 | $808,635,000 | $346,905 |
| <2.5% | 860 | $169,770,000 | $197,407 |
| 4-5% | 311 | $67,715,000 | $217,733 |
| 5-6% | 11 | $3,255,000 | $295,909 |
| 7-8% | 1 | $105,000 | $105,000 |
During 2021, Premier Mortgage Resources 's average interest rate of loans were 3.20%, while their most frequently originated rate bucket of loans were 3-4%, with 3,584 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 3,344 | $994,600,000 | $297,428 | $7,012 | 3.17% |
| $400k-600k | 1,714 | $821,630,000 | $479,364 | $8,616 | 3.17% |
| $100k-200k | 953 | $151,675,000 | $159,155 | $4,903 | 3.11% |
| $100,000 or less | 543 | $12,015,000 | $22,127 | $3,626 | 1.62% |
| $600k-1MM | 492 | $353,150,000 | $717,785 | $10,574 | 3.19% |
| $1MM+ | 52 | $65,410,000 | $1,257,885 | $18,031 | 3.34% |
2021 saw Premier Mortgage Resources place emphasis on $200k-400k loans with 3,344 originations, totaling $994,600,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 1,707 | $439,695,000 | $257,583 | $7,342 | 2.97% |
| $100k-150k | 1,533 | $591,915,000 | $386,115 | $7,787 | 3.08% |
| $75k-100k | 1,481 | $468,855,000 | $316,580 | $7,932 | 3.01% |
| $50k or less | 1,027 | $203,875,000 | $198,515 | $5,957 | 2.94% |
| $150k-250k | 948 | $462,680,000 | $488,059 | $7,535 | 3.20% |
| $250k+ | 365 | $218,475,000 | $598,562 | $8,623 | 3.34% |
Premier Mortgage Resources lent most frequently to those with incomes in the $50k-75k range, with 1,707 originations. The second most popular income band? $100k-150k, with 1,533 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 1,133 | $380,405,000 | $335,750 | $6,894 | 3.03% |
| 20-30% | 1,122 | $381,680,000 | $340,178 | $6,194 | 3.11% |
| 44% | 423 | $144,525,000 | $341,667 | $7,645 | 3.14% |
| <20% | 414 | $128,700,000 | $310,870 | $5,529 | 2.94% |
| 43% | 338 | $117,000,000 | $346,154 | $7,868 | 3.08% |
| 41% | 336 | $117,580,000 | $349,940 | $8,008 | 3.08% |
| 49% | 329 | $121,825,000 | $370,289 | $8,935 | 3.18% |
| 42% | 318 | $100,600,000 | $316,352 | $7,671 | 3.05% |
| 50-60% | 310 | $112,920,000 | $364,258 | $12,036 | 2.97% |
| 39% | 296 | $91,830,000 | $310,236 | $7,201 | 2.92% |
| 45% | 291 | $95,745,000 | $329,021 | $7,753 | 3.06% |
| 40% | 281 | $93,575,000 | $333,007 | $7,581 | 2.97% |
| 38% | 259 | $89,725,000 | $346,429 | $7,785 | 3.09% |
| 37% | 250 | $78,780,000 | $315,120 | $7,058 | 3.04% |
| 46% | 224 | $74,320,000 | $331,786 | $8,778 | 2.97% |
| 36% | 222 | $76,690,000 | $345,450 | $7,165 | 3.00% |
| 47% | 222 | $78,810,000 | $355,000 | $8,452 | 3.02% |
| 48% | 214 | $78,460,000 | $366,636 | $7,997 | 3.17% |
| >60% | 29 | $8,465,000 | $291,897 | $9,646 | 2.76% |
Premier Mortgage Resources lent most frequently to those with DTI ratios of 30-36%, with 1,133 originations. The next most common DTI ratio? 20-30%, with 1,122 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 5,187 | $1,695,425,000 | $326,860 | $7,314 | 3.06% |
| Not provided | 1,297 | $476,175,000 | $367,136 | $7,633 | 3.07% |
| Asian | 285 | $118,175,000 | $414,649 | $7,534 | 3.02% |
| Black | 187 | $64,095,000 | $342,754 | $9,906 | 2.77% |
| American Indian | 77 | $23,605,000 | $306,558 | $7,715 | 2.99% |
| Native Hawaiian | 57 | $17,835,000 | $312,895 | $9,153 | 2.70% |
| Filipino | 2 | $860,000 | $430,000 | $4,377 | 3.44% |
| Japanese | 2 | $750,000 | $375,000 | $2,635 | 2.94% |
| Samoan | 1 | $595,000 | $595,000 | $26,446 | 2.88% |
| Asian Indian | 1 | $435,000 | $435,000 | $8,483 | 3.13% |
| Other Asian | 1 | $435,000 | $435,000 | $12,765 | 2.75% |
| Native Hawiian | 1 | $95,000 | $95,000 | $3,115 | 2.50% |
Approval Rates
Total approvals of all applications95.23%
Premier Mortgage Resources has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.40%
Premier Mortgage Resources has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1295.0 | 5 | $1,495,000 | $299,000 |
| 1495.0 | 1 | $195,000 | $195,000 |
| 1545.0 | 1 | $185,000 | $185,000 |
| 16501.35 | 1 | $635,000 | $635,000 |
| 1925.0 | 1 | $365,000 | $365,000 |
| 2344.0 | 1 | $295,000 | $295,000 |
| 24573.8 | 1 | $1,145,000 | $1,145,000 |
| 2690.0 | 1 | $95,000 | $95,000 |
| 2895.0 | 1 | $165,000 | $165,000 |
| 3036.0 | 1 | $95,000 | $95,000 |
| 4426.93 | 1 | $475,000 | $475,000 |
| 4758.32 | 1 | $305,000 | $305,000 |
| 4767.67 | 1 | $235,000 | $235,000 |
| 4904.0 | 1 | $325,000 | $325,000 |
| 5154.38 | 1 | $195,000 | $195,000 |
| 543.75 | 1 | $215,000 | $215,000 |
| 5785.0 | 1 | $205,000 | $205,000 |
| 7902.5 | 1 | $325,000 | $325,000 |
| 9095.0 | 1 | $755,000 | $755,000 |
| 995.0 | 1 | $325,000 | $325,000 |
| NA | 7,074 | $2,390,450,000 | $337,921 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7,098 | $2,398,480,000 | $337,909 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 375 | $85,725,000 | $228,600 | $4,703 | 3.00% |
| 40-60% | 1,055 | $333,455,000 | $316,071 | $5,429 | 3.01% |
| 60-80% | 2,183 | $827,505,000 | $379,068 | $6,743 | 3.27% |
| 80-100% | 2,848 | $1,084,090,000 | $380,650 | $8,655 | 3.18% |
| Over 100% | 132 | $55,830,000 | $422,955 | $16,847 | 2.91% |
| Under 20% | 505 | $11,875,000 | $23,515 | $3,788 | 1.50% |
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% |
