Premier Mortgage Services Rates, Fees & Info

PUEBLO, CO

LEI: 549300CU8QPZJILTBA54

Tax ID: 84-1118027

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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 Mortgage Services is a smaller mortgage company specializing in Home Purchase loans. Premier Mortgage Services has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Pueblo, Colorado Springs, Denver, Cañon City, and Greeley among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Premier Mortgage Services 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 Mortgage Services 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 12/16/24
    30 Year Conventional Refi 6.27% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year FHA Refi 6.27% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    30 Year VA Refi 6.27% 12/16/24
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 5.68% 12/16/24
    15 Year Cash-out Refi 5.68% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Premier Mortgage Services Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Premier Mortgage Services. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    191

    Origination Dollar Volume (All Markets)

    $39,585,000

    Awards

    PREMIER MORTGAGE SERVICES 30 Year Conventional Loans bronze PREMIER MORTGAGE SERVICES FHA Loans silver PREMIER MORTGAGE SERVICES VA Loans gold PREMIER MORTGAGE SERVICES VA Loans silver
    Show all (4) 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
    PUEBLO, CO (FHA|USDA|VA) 178 $36,240,000 $203,596 $5,275 4.14%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $985,000 $328,333 $7,774 3.75%
    Outside of Metro Areas 3 $625,000 $208,333 $5,584 4.46%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $590,000 $295,000 $6,300 3.56%
    Cañon City, CO (FHA|USDA|VA) 3 $565,000 $188,333 $4,351 4.42%
    GREELEY, CO (FHA|USDA|VA) 1 $325,000 $325,000 $5,520 3.88%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $255,000 $255,000 $4,657 4.38%
    Premier Mortgage Services's top markets include Pueblo, Colorado Springs, Denver, Cañon City, and Greeley among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

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

    CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION
    Similarity Rank: 216
    SunWest Credit Union
    Similarity Rank: 330
    Ent Credit Union
    Similarity Rank: 396
    SECURITY SERVICE
    Similarity Rank: 441
    PREMIER MORTGAGE SERVICES, INC.
    Similarity Rank: 511
    Midwest Mortgage Associates Corporation
    Similarity Rank: 2585
    Zions Bank
    Similarity Rank: 2948
    CLEARPATH LENDING
    Similarity Rank: 3640
    HOMEBRIDGE FINANCIAL SERVICES, INC.
    Similarity Rank: 4308
    KELLER MORTGAGE, LLC
    Similarity Rank: 5038

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 135 $27,645,000 $204,778 $4,398 4.22%
    FHA 37 $7,125,000 $192,568 $7,402 4.09%
    VA 19 $4,815,000 $253,421 $7,689 3.59%

    For 2019, Premier Mortgage Services's most frequently originated type of loan was Conventional, with 135 originations. Their 2nd most popular type was FHA, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 134 $27,750,000 $207,090 $5,488 4.21%
    Cash Out Refi 31 $5,675,000 $183,065 $4,762 4.00%
    Refi 26 $6,160,000 $236,923 $5,018 3.90%

    For 2019, Premier Mortgage Services's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 179 $38,015,000 $212,374 $5,407 4.15%
    15 Year 10 $1,470,000 $147,000 $3,996 3.74%
    10 Year 1 $45,000 $45,000 $2,447 4.13%
    20 Year 1 $55,000 $55,000 $2,822 4.75%

    For 2019, Premier Mortgage Services's most frequently cited loan duration was 30 Year, with 179 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 84 $14,860,000 $176,905
    $3k-4k 53 $13,595,000 $256,509
    $1k-2k 30 $3,260,000 $108,667
    $4k-5k 20 $7,030,000 $351,500
    $5k+ 1 $555,000 $555,000

    Premier Mortgage Services's average total fees were $5,407, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 84 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 101 $22,805,000 $225,792
    4-5% 79 $15,035,000 $190,316
    5-6% 10 $1,520,000 $152,000

    During 2019, Premier Mortgage Services's average interest rate for loans was 4.15%, while their most frequently originated rate bucket for loans was 3-4%, with 101 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 92 $24,490,000 $266,196 $5,996 4.01%
    $100k-200k 79 $12,355,000 $156,392 $4,673 4.24%
    $100,000 or less 17 $1,315,000 $77,353 $3,011 4.42%
    $400k-600k 3 $1,425,000 $475,000 $12,492 3.83%

    2019 saw Premier Mortgage Services place emphasis on $200k-400k loans with 92 originations, totaling $24,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 63 $11,845,000 $188,016 $5,018 4.15%
    $50k or less 49 $7,355,000 $150,102 $4,612 4.27%
    $100k-150k 38 $10,120,000 $266,316 $6,239 3.99%
    $75k-100k 30 $7,630,000 $254,333 $6,098 4.06%
    $150k-250k 9 $2,155,000 $239,444 $4,765 4.19%
    $250k+ 2 $480,000 $240,000 $4,774 4.19%

    Premier Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 63 originations. The second most popular income band? $50k or less, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 38 $7,880,000 $207,368 $5,142 3.99%
    30-36% 36 $6,800,000 $188,889 $4,712 4.18%
    39% 12 $2,930,000 $244,167 $6,910 4.17%
    43% 12 $2,730,000 $227,500 $4,505 4.22%
    37% 11 $2,085,000 $189,545 $5,601 4.33%
    38% 10 $1,940,000 $194,000 $4,824 4.05%
    <20% 9 $1,695,000 $188,333 $4,129 4.00%
    44% 9 $1,785,000 $198,333 $5,228 4.17%
    47% 9 $2,355,000 $261,667 $6,700 3.88%
    42% 7 $1,875,000 $267,857 $5,208 4.02%
    41% 7 $1,185,000 $169,286 $4,754 4.28%
    36% 6 $1,100,000 $183,333 $4,485 4.29%
    50-60% 6 $1,300,000 $216,667 $8,091 4.25%
    40% 5 $1,325,000 $265,000 $8,379 3.88%
    45% 5 $1,095,000 $219,000 $6,097 4.50%
    48% 3 $485,000 $161,667 $3,828 4.75%
    46% 2 $260,000 $130,000 $4,938 4.69%
    49% 2 $300,000 $150,000 $3,250 4.00%

    Premier Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 38 originations. The next most common DTI ratio? 30-36%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 187 $38,165,000 $204,091 $5,267 4.13%
    Asian 2 $780,000 $390,000 $6,026 4.13%
    Black 2 $640,000 $320,000 $8,437 4.25%

    Approval Rates

    Total approvals of all applications
    96.02%

    Premier Mortgage Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    86.39%

    Premier Mortgage Services has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 191 $39,585,000 $207,251

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 190 $39,460,000 $207,684

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $455,000 $91,000 $3,101 3.93%
    40-60% 19 $2,655,000 $139,737 $3,637 4.11%
    60-80% 57 $11,225,000 $196,930 $4,414 4.27%
    80-100% 106 $24,330,000 $229,528 $6,020 4.09%
    Over 100% 3 $875,000 $291,667 $11,757 3.63%
    Under 20% 1 $45,000 $45,000 $2,447 4.13%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    PRIMARY RESIDENTIAL MORTGAGE VA mortgage Struggling to pay mortgage 1 7.1%
    PRIMARY RESIDENTIAL MORTGAGE FHA mortgage Struggling to pay mortgage 1 7.1%
    PRIMARY RESIDENTIAL MORTGAGE FHA mortgage Trouble during payment process 2 14.3%
    PRIMARY RESIDENTIAL MORTGAGE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 21.4%
    PRIMARY RESIDENTIAL MORTGAGE Conventional home mortgage Trouble during payment process 2 14.3%
    PRIMARY RESIDENTIAL MORTGAGE FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 21.4%
    PRIMARY RESIDENTIAL MORTGAGE FHA mortgage Closing on a mortgage 2 14.3%