Premier America Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 549300HVFLWKU7133506

Tax ID: 95-3442691

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

Jump to:

  • 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 America is a smaller mortgage company specializing in Other and Home Purchase loans. Premier America has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Oxnard, San Francisco, Houston, and San Diego among others. We have data for 24 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 high 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
    Home Equity Line of Credit (HELOC) 6.21% 11/22/24
    30 Year Conventional Purchase 6.23% 11/22/24
    30 Year Conventional Refi 6.10% 11/22/24
    30 Year Cash-out Refi 6.07% 11/22/24
    15 Year Conventional Purchase 6.44% 11/22/24
    15 Year Conventional Refi 6.23% 11/22/24
    15 Year Cash-out Refi 6.23% 11/22/24
    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

    527

    Origination Dollar Volume (All Markets)

    $345,575,000

    Awards

    PREMIER AMERICA 30 Year Conventional Loans gold PREMIER AMERICA 30 Year Conventional Loans gold PREMIER AMERICA 30 Year Conventional Loans gold
    Show all (3) 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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 315 $280,395,000 $890,143 $23,234 4.84%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 127 $21,085,000 $166,024 $4,802 5.34%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 7 $9,515,000 $1,359,286 $22,849 4.12%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 29 $6,865,000 $236,724 $4,094 5.17%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 8 $6,750,000 $843,750 $19,711 4.36%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $4,955,000 $450,455 $11,133 4.65%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $3,230,000 $807,500 $15,155 4.15%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $2,530,000 $1,265,000 $4,458 4.38%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 5 $2,415,000 $483,000 $11,083 4.62%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,870,000 $935,000 $17,081 4.18%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,630,000 $815,000 $19,283 5.06%
    Heber, UT (FHA|USDA|VA) 1 $875,000 $875,000 $6,472 2.99%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $810,000 $405,000 $4,831 5.31%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $740,000 $370,000 $3,556 4.25%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $455,000 $455,000 $2,953 4.75%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $3,474 4.63%
    SALINAS, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.99%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $255,000 $255,000 $2,843 4.13%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $235,000 $235,000 $2,782 3.88%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $195,000 $195,000 $2,888 4.38%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,720 4.75%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    TOLEDO, OH (FHA|USDA|VA) 1 $45,000 $45,000 $485 6.24%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.75%
    Premier America's top markets include Los Angeles, Oxnard, San Francisco, Houston, and San Diego among others.

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

    MYPOINT Credit Union
    Similarity Rank: 55
    Montecito Bank & Trust
    Similarity Rank: 126
    FRONTWAVE
    Similarity Rank: 176
    CBC Federal Credit Union
    Similarity Rank: 189
    LBS FINANCIAL
    Similarity Rank: 210
    Cabrillo Credit Union
    Similarity Rank: 248
    CORNERSTONE MORTGAGE PROVIDERS
    Similarity Rank: 291
    LA Financial Federal Credit Union
    Similarity Rank: 321
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 360
    Priority Bank
    Similarity Rank: 456

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 363 $321,785,000 $886,460 $17,993 4.57%
    HELOC 164 $23,790,000 $145,061 n/a 5.79%

    For 2018, Premier America's most frequently originated type of loan was Conventional, with 363 originations. Their 2nd most popular type was HELOC, with 164 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 175 $128,165,000 $732,371 $20,490 5.13%
    Home Purchase 159 $161,545,000 $1,016,006 $20,714 4.30%
    Home Improvement 147 $20,425,000 $138,946 $7,669 5.70%
    Cash Out Refi 33 $21,745,000 $658,939 $7,268 4.08%
    Refi 12 $11,470,000 $955,833 $5,876 3.96%
    NA 1 $2,225,000 $2,225,000 $0 4.63%

    For 2018, Premier America's most frequently cited loan purpose was Other, with 175 originations. The 2nd most popular reason was Home Purchase, with 159 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 285 $79,295,000 $278,228 $14,427 5.60%
    30 Year 223 $263,595,000 $1,182,040 $19,750 4.09%
    Other 9 $305,000 $33,889 $75 6.16%
    20 Year 7 $1,975,000 $282,143 $3,376 4.27%
    10 Year 3 $405,000 $135,000 $2,917 3.88%

    For 2018, Premier America's most frequently cited loan duration was 15 Year, with 285 originations. The 2nd most popular length was 30 Year, with 223 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 172 $255,230,000 $1,483,895
    $<1k 80 $36,380,000 $454,750
    $1k-2k 15 $6,755,000 $450,333
    $2k-3k 14 $3,800,000 $271,429
    $3k-4k 9 $8,835,000 $981,667
    $4k-5k 7 $2,185,000 $312,143

    Premier America's average total fees were $19,750, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 172 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 216 $184,960,000 $856,296
    5-6% 166 $28,650,000 $172,590
    3-4% 87 $116,805,000 $1,342,586
    6-7% 30 $2,030,000 $67,667
    7-8% 13 $1,225,000 $94,231
    2.5-3% 10 $11,710,000 $1,171,000
    Over 8% 5 $195,000 $39,000

    During 2018, Premier America's average interest rate for loans was 4.09%, while their most frequently originated rate bucket for loans was 4-5%, with 216 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 150 $7,980,000 $53,200 $1,327 5.93%
    $1MM+ 97 $223,925,000 $2,308,505 $37,763 4.13%
    $200k-400k 82 $23,810,000 $290,366 $4,525 4.73%
    $100k-200k 78 $10,650,000 $136,538 $3,381 5.25%
    $600k-1MM 69 $54,295,000 $786,884 $14,899 4.31%
    $400k-600k 51 $24,915,000 $488,529 $8,710 4.31%

    2018 saw Premier America place emphasis on $100,000 or less loans with 150 originations, totaling $7,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 150 $226,750,000 $1,511,667 $29,218 4.41%
    $100k-150k 110 $29,480,000 $268,000 $6,929 5.02%
    $150k-250k 109 $42,635,000 $391,147 $12,217 5.14%
    $75k-100k 72 $18,360,000 $255,000 $7,317 5.30%
    $50k-75k 50 $7,400,000 $148,000 $7,384 5.41%
    $50k or less 34 $14,720,000 $432,941 $18,137 5.05%

    Premier America lent most frequently to those with incomes in the $250k+ range, with 150 originations. The second most popular income band? $100k-150k, with 110 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 99 $64,115,000 $647,626 $19,264 4.84%
    30-36% 90 $59,870,000 $665,222 $17,139 4.79%
    50-60% 54 $36,070,000 $667,963 $33,790 5.43%
    <20% 46 $44,230,000 $961,522 $20,919 4.51%
    41% 25 $18,525,000 $741,000 $11,917 5.00%
    42% 23 $5,935,000 $258,043 $7,712 5.46%
    40% 19 $11,595,000 $610,263 $25,125 5.27%
    45% 18 $6,610,000 $367,222 $8,700 4.91%
    36% 17 $9,245,000 $543,824 $15,707 4.73%
    47% 17 $12,955,000 $762,059 $26,307 4.96%
    37% 16 $9,390,000 $586,875 $13,408 4.90%
    38% 15 $8,165,000 $544,333 $18,167 5.17%
    48% 14 $17,230,000 $1,230,714 $26,213 4.55%
    >60% 13 $9,685,000 $745,000 $28,246 5.16%
    39% 13 $8,275,000 $636,538 $20,538 5.14%
    44% 12 $4,820,000 $401,667 $6,308 4.75%
    46% 12 $6,710,000 $559,167 $13,902 5.11%
    49% 11 $5,605,000 $509,545 $10,282 4.94%
    43% 10 $5,540,000 $554,000 $13,049 4.83%

    Premier America lent most frequently to those with DTI ratios of 20-30%, with 99 originations. The next most common DTI ratio? 30-36%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 363 $279,985,000 $771,309 $21,105 4.88%
    Asian 51 $30,715,000 $602,255 $14,534 4.37%
    Not provided 89 $22,595,000 $253,876 $4,255 5.41%
    Black 7 $8,455,000 $1,207,857 $33,873 5.68%
    Filipino 5 $1,835,000 $367,000 $4,900 5.10%
    American Indian 6 $1,090,000 $181,667 $10,735 5.48%
    Other Asian 1 $305,000 $305,000 $1,305 5.99%
    Japanese 2 $240,000 $120,000 $3,617 4.38%
    Native Hawaiian or Islander 2 $230,000 $115,000 $75 5.75%
    Asian Indian 1 $125,000 $125,000 $0 5.99%

    Approval Rates

    Total approvals of all applications
    86.24%

    Premier America has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.08%

    Premier America has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 527 $345,575,000 $655,740

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $2,225,000 $2,225,000
    Single Family (1-4 Units):Site-Built 526 $343,350,000 $652,757

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 57 $46,695,000 $819,211 $21,515 5.01%
    40-60% 103 $112,055,000 $1,087,913 $18,641 4.23%
    60-80% 123 $136,035,000 $1,105,976 $19,746 4.26%
    80-100% 32 $28,300,000 $884,375 $13,978 4.24%
    Under 20% 208 $21,200,000 $101,923 $3,179 5.79%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Primary Capital Mortgage, LLC VA mortgage Trouble during payment process 1 100.0%