Premier America Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 549300HVFLWKU7133506

Tax ID: 95-3442691

5 stars - Updated: 10/29/24 - out of 5 stars, based on 18 reviews

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

Jump to:

Mortgage Data

Review & Overview

Premier America is a smaller mortgage company specializing in Home Improvement, Other, and Home Purchase 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 32 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 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 relatively high 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
Home Equity Line of Credit (HELOC) 6.21% 10/29/24
30 Year Conventional Purchase 6.23% 10/29/24
30 Year Conventional Refi 6.10% 10/29/24
30 Year Cash-out Refi 6.07% 10/29/24
15 Year Conventional Purchase 6.44% 10/29/24
15 Year Conventional Refi 6.23% 10/29/24
15 Year Cash-out Refi 6.23% 10/29/24
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 America Mortgage Calculator






Your Estimates

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

This is not an official calculator from Premier America. 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

330

Origination Dollar Volume (All Markets)

$62,930,000

Relative Rate

Premier America's average 30 year fixed mortgage rate was 6.63%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.15%.

Relative Fees (Closing Costs)

Premier America's average total fees/closing costs for a 30 year fixed rate mortgage were $7,110.

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 $9,089.

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) 130 $33,280,000 $256,000 $1,510 8.59%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 136 $18,290,000 $134,485 $622 8.55%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 17 $2,525,000 $148,529 $1,648 8.53%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 13 $1,815,000 $139,615 $1,496 8.44%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,310,000 $655,000 $0 8.69%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 9.13%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $655,000 $655,000 $5,006 6.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $640,000 $320,000 $6,595 9.13%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $455,000 $455,000 $5,453 6.13%
SANTA FE, NM (FHA|USDA|VA) 1 $355,000 $355,000 $0 8.88%
Outside of Metro Areas 3 $355,000 $118,333 $1,436 7.75%
TUCSON, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $2,305 7.75%
FRESNO, CA (FHA|USDA|VA) 1 $205,000 $205,000 $5,448 5.88%
TULSA, OK (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.25%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,396 7.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $170,000 $85,000 $0 8.94%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $160,000 $80,000 $0 8.44%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.63%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $125,000 $125,000 $3,412 6.13%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.75%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $95,000 $95,000 $795 8.25%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.75%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 10.38%
Fernley, NV (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.99%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.88%
CHICO, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 9.13%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 9.13%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.75%
VALLEJO, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 9.00%
GRANTS PASS, OR (FHA|USDA|VA) 1 $25,000 $25,000 $0 10.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $15,000 $15,000 $0 12.88%
Premier America's top markets include Los Angeles, Oxnard, Houston, Riverside, and Santa Maria among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • 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.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    MISSION
    Similarity Rank: 93
    VENTURA COUNTY
    Similarity Rank: 96
    LBS FINANCIAL
    Similarity Rank: 258
    AMOCO
    Similarity Rank: 258
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 300
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 312
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 172 $33,240,000 $193,256 n/a 9.12%
    Conventional 158 $29,690,000 $187,911 $1,248 7.93%

    For 2023, Premier America's most frequently originated type of loan was HELOC, with 172 originations. Their 2nd most popular type was Conventional, with 158 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 174 $24,310,000 $139,713 $29 8.64%
    Other 114 $19,190,000 $168,333 $531 8.74%
    Home Purchase 34 $15,850,000 $466,176 $6,416 7.62%
    Refi 4 $1,130,000 $282,500 $0 8.78%
    Cash Out Refi 4 $2,450,000 $612,500 $4,269 7.00%

    For 2023, Premier America's most frequently cited loan purpose was Home Improvement, with 174 originations. The 2nd most popular reason was Other, with 114 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 304 $46,580,000 $153,224 $158 8.72%
    30 Year 23 $15,555,000 $676,304 $7,110 6.63%
    20 Year 3 $795,000 $265,000 $4,256 6.25%

    For 2023, Premier America's most frequently cited loan duration was 15 Year, with 304 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 146 $21,410,000 $146,644
    $1k-2k 4 $1,260,000 $315,000
    $4k-5k 3 $4,345,000 $1,448,333
    $2k-3k 2 $750,000 $375,000
    $5k+ 2 $1,690,000 $845,000
    $3k-4k 1 $235,000 $235,000

    Premier America's average total fees were $7,110, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 146 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 231 $37,685,000 $163,139
    7-8% 75 $13,325,000 $177,667
    6-7% 18 $6,810,000 $378,333
    5-6% 4 $2,180,000 $545,000
    4-5% 2 $2,930,000 $1,465,000

    During 2023, Premier America's average interest rate for loans was 6.63%, while their most frequently originated rate bucket for loans was Over 8%, with 231 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 133 $7,655,000 $57,556 $15 8.78%
    $100k-200k 107 $13,505,000 $126,215 $559 8.56%
    $200k-400k 57 $14,845,000 $260,439 $2,949 8.63%
    $400k-600k 17 $8,185,000 $481,471 $6,725 7.54%
    $1MM+ 9 $13,695,000 $1,521,667 $11,439 7.46%
    $600k-1MM 7 $5,045,000 $720,714 $5,670 7.38%

    2023 saw Premier America place emphasis on $100,000 or less loans with 133 originations, totaling $7,655,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 95 $13,865,000 $145,947 $925 8.60%
    $150k-250k 90 $17,380,000 $193,111 $1,428 8.53%
    $250k+ 57 $23,815,000 $417,807 $3,063 8.34%
    $75k-100k 44 $4,490,000 $102,045 $508 8.73%
    $50k-75k 25 $1,965,000 $78,600 $645 8.50%
    $50k or less 19 $1,415,000 $74,474 $410 8.74%

    Premier America lent most frequently to those with incomes in the $100k-150k range, with 95 originations. The second most popular income band? $150k-250k, with 90 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 45 $8,335,000 $185,222 $562 8.46%
    20-30% 30 $7,970,000 $265,667 $2,738 8.05%
    50-60% 30 $4,490,000 $149,667 $5 8.97%
    49% 28 $4,680,000 $167,143 $6 8.76%
    43% 20 $2,690,000 $134,500 $607 8.55%
    48% 18 $3,750,000 $208,333 $1,931 8.65%
    40% 17 $2,785,000 $163,824 $1,609 8.32%
    47% 16 $3,770,000 $235,625 $1,400 8.42%
    41% 16 $2,210,000 $138,125 $0 9.27%
    45% 15 $1,825,000 $121,667 $213 8.56%
    42% 14 $2,280,000 $162,857 $1,661 8.76%
    <20% 13 $3,515,000 $270,385 $1,789 8.10%
    37% 13 $4,155,000 $319,615 $3,745 7.91%
    38% 13 $2,195,000 $168,846 $1,581 8.84%
    44% 12 $1,790,000 $149,167 $0 8.49%
    39% 9 $1,785,000 $198,333 $3,974 8.38%
    46% 8 $2,450,000 $306,250 $1,818 8.54%
    36% 7 $1,025,000 $146,429 $293 9.11%
    >60% 1 $55,000 $55,000 $0 9.25%

    Premier America lent most frequently to those with DTI ratios of 30-36%, with 45 originations. The next most common DTI ratio? 20-30%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 188 $34,380,000 $182,872 $923 8.64%
    Not provided 103 $23,015,000 $223,447 $1,829 8.39%
    Asian 21 $2,735,000 $130,238 $554 8.33%
    Black 10 $2,050,000 $205,000 $1,587 8.60%
    American Indian 3 $285,000 $95,000 $0 8.83%
    Native Hawaiian or Islander 1 $235,000 $235,000 $4,904 6.63%
    Filipino 2 $180,000 $90,000 $65 9.63%
    Other Pacific Islander 1 $25,000 $25,000 $0 13.00%
    Other Asian 1 $25,000 $25,000 $0 8.00%

    Approval Rates

    Total approvals of all applications
    75.14%

    Premier America has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.06%

    Premier America has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 330 $62,930,000 $190,697

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    330 $62,930,000 $190,697

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $12,790,000 $255,800 $1,306 8.70%
    40-60% 8 $3,520,000 $440,000 $5,334 6.95%
    60-80% 16 $14,570,000 $910,625 $7,682 7.14%
    80-100% 6 $2,710,000 $451,667 $5,875 6.85%
    Under 20% 247 $28,075,000 $113,664 $119 8.71%