Premier America Mortgage Rates, Fees & Info
Los Angeles, CALEI: 549300HVFLWKU7133506
Tax ID: 95-3442691
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.21% | 11/17/24 |
| 30 Year Conventional Purchase | 6.23% | 11/17/24 |
| 30 Year Conventional Refi | 6.10% | 11/17/24 |
| 30 Year Cash-out Refi | 6.07% | 11/17/24 |
| 15 Year Conventional Purchase | 6.44% | 11/17/24 |
| 15 Year Conventional Refi | 6.23% | 11/17/24 |
| 15 Year Cash-out Refi | 6.23% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
330Origination Dollar Volume (All Markets)
$62,930,000Relative 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% |
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.
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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
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
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
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
2023 saw Premier America place emphasis on $100,000 or less loans with 133 originations, totaling $7,655,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications75.14%
Premier America has a below average approval rate.
Pick Rate
Approvals leading to origination76.06%
Premier America has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 330 | $62,930,000 | $190,697 |