Premier America Mortgage Rates, Fees & Info
Los Angeles, CALEI: 549300HVFLWKU7133506
Tax ID: 95-3442691
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Premier America is a smaller mortgage company specializing in Other and Home Improvement loans. Premier America has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Oxnard, Houston, Riverside, and Santa Maria among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)Premier America 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 America 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 8.02% | 4/5/25 |
| 30 Year Conventional Purchase | 6.96% | 4/5/25 |
| 30 Year Conventional Refi | 7.31% | 4/5/25 |
| 30 Year Cash-out Refi | 6.73% | 4/5/25 |
| 15 Year Conventional Purchase | 7.91% | 4/5/25 |
| 15 Year Conventional Refi | 6.00% | 4/5/25 |
| 15 Year Cash-out Refi | 6.00% | 4/5/25 |
| 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 America Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
352Origination Dollar Volume (All Markets)
$64,980,000Relative Rate
Premier America's average 30 year fixed mortgage rate was
6.77%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.22%.
Relative Fees (Closing Costs)
Premier America's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,862.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 150 | $32,810,000 | $218,733 | $1,631 | 8.87% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 146 | $22,210,000 | $152,123 | $908 | 8.81% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 13 | $1,985,000 | $152,692 | $2,785 | 8.33% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 12 | $1,910,000 | $159,167 | $667 | 8.78% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $0 | 8.67% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $0 | 9.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 9.00% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 9.13% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 9.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,102 | 6.50% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 8.63% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 9.06% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,559 | 6.38% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $987 | 8.25% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,475 | 6.13% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,928 | 6.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 8.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,489 | 6.88% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.00% |
| CHICO, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $65 | 8.25% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against PREMIER AMERICA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 42
Similarity Rank: 56
Similarity Rank: 81
Similarity Rank: 105
Similarity Rank: 176
Similarity Rank: 180
Similarity Rank: 184
Similarity Rank: 205
Similarity Rank: 216
Similarity Rank: 275
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 230 | $43,350,000 | $188,478 | n/a | 9.19% |
| Conventional | 122 | $21,630,000 | $177,295 | $1,358 | 8.02% |
For 2024, Premier America's most frequently originated type of loan was HELOC, with 230 originations. Their 2nd most popular type was Conventional, with 122 originations.
Loan Reason
For 2024, Premier America's most frequently cited loan purpose was Other, with 185 originations. The 2nd most popular reason was Home Improvement, with 131 originations.
Loan Duration/Length
For 2024, Premier America's most frequently cited loan duration was 15 Year, with 325 originations. The 2nd most popular length was 30 Year, with 23 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 113 | $17,415,000 | $154,115 |
| $1k-2k | 4 | $1,380,000 | $345,000 |
| $5k+ | 3 | $2,395,000 | $798,333 |
| $2k-3k | 2 | $440,000 | $220,000 |
Premier America's average total fees were $5,862, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 113 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 325 | $52,145,000 | $160,446 |
| 6-7% | 18 | $7,780,000 | $432,222 |
| 7-8% | 6 | $3,870,000 | $645,000 |
| 5-6% | 2 | $1,070,000 | $535,000 |
| 3-4% | 1 | $115,000 | $115,000 |
During 2024, Premier America's average interest rate for loans was 6.77%, while their most frequently originated rate bucket for loans was Over 8%, with 325 originations.
Loan Sizing
2024 saw Premier America place emphasis on $100k-200k loans with 125 originations, totaling $16,045,000 in origination value.
Applicant Income
Premier America lent most frequently to those with incomes in the $150k-250k range, with 116 originations. The second most popular income band? $100k-150k, with 93 originations.
Applicant Debt to Income Ratio
Premier America lent most frequently to those with DTI ratios of 30-36%, with 40 originations. The next most common DTI ratio? 20-30%, with 38 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.95%
Premier America has a below average approval rate.
Pick Rate
Approvals leading to origination76.42%
Premier America has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 352 | $64,980,000 | $184,602 |