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 Diego, Santa Maria, and Dallas among others. We have data for 29 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

    574

    Origination Dollar Volume (All Markets)

    $416,090,000

    Awards

    PREMIER AMERICA 30 Year Conventional Loans silver PREMIER AMERICA 30 Year Conventional Loans silver
    Show all (2) 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) 340 $330,160,000 $971,059 $22,535 4.72%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 143 $28,085,000 $196,399 $4,421 5.36%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 16 $18,300,000 $1,143,750 $19,076 4.02%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 6 $9,750,000 $1,625,000 $32,543 4.70%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $6,020,000 $3,010,000 $22,261 3.72%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $5,935,000 $539,545 $9,062 4.39%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 5 $5,615,000 $1,123,000 $18,002 4.93%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 24 $4,380,000 $182,500 $5,176 4.92%
    NAPA, CA (FHA|USDA|VA) 2 $1,480,000 $740,000 $7,277 3.88%
    RENO, NV (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $5,330 3.13%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 4 $720,000 $180,000 $3,460 5.28%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $700,000 $350,000 $3,612 5.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $525,000 $525,000 $15,003 4.00%
    Outside of Metro Areas 2 $490,000 $245,000 $4,454 4.06%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $405,000 $405,000 $5,699 3.25%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $325,000 $325,000 $0 4.13%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $315,000 $315,000 $2,986 4.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $4,309 4.13%
    Sonora, CA (FHA|USDA|VA) 1 $235,000 $235,000 $4,402 4.38%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,071 4.25%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $215,000 $215,000 $2,868 4.25%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $145,000 $145,000 $2,310 3.75%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $145,000 $145,000 $3,875 3.88%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,367 4.38%
    Klamath Falls, OR (FHA|USDA|VA) 1 $105,000 $105,000 $2,877 3.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.75%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.24%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.00%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.00%
    Premier America's top markets include Los Angeles, Oxnard, San Diego, Santa Maria, and Dallas among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Oregon (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: 147
    Christian Community Credit Union
    Similarity Rank: 220
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    AAXY L.L.C.
    Similarity Rank: 368
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 368
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    MEMBERS CHOICE Credit Union
    Similarity Rank: 549
    Resource One Credit Union
    Similarity Rank: 582
    SANTA CLARA COUNTY
    Similarity Rank: 630
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 707

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 386 $390,180,000 $1,010,829 $17,854 4.28%
    HELOC 188 $25,910,000 $137,819 n/a 6.04%

    For 2019, Premier America's most frequently originated type of loan was Conventional, with 386 originations. Their 2nd most popular type was HELOC, with 188 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 224 $167,350,000 $747,098 $19,585 4.94%
    Home Purchase 148 $184,310,000 $1,245,338 $23,545 4.18%
    Home Improvement 140 $20,080,000 $143,429 $5,081 5.88%
    Cash Out Refi 34 $22,620,000 $665,294 $5,903 3.88%
    Refi 28 $21,730,000 $776,071 $6,223 3.82%

    For 2019, Premier America's most frequently cited loan purpose was Other, with 224 originations. The 2nd most popular reason was Home Purchase, with 148 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 294 $97,020,000 $330,000 $18,901 5.69%
    30 Year 255 $312,465,000 $1,225,353 $18,102 3.95%
    20 Year 13 $4,145,000 $318,846 $3,953 3.83%
    10 Year 7 $2,095,000 $299,286 $27,066 3.46%
    Other 5 $365,000 $73,000 $0 6.39%

    For 2019, Premier America's most frequently cited loan duration was 15 Year, with 294 originations. The 2nd most popular length was 30 Year, with 255 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 174 $304,650,000 $1,750,862
    $<1k 97 $58,565,000 $603,763
    $1k-2k 31 $8,755,000 $282,419
    $2k-3k 15 $4,745,000 $316,333
    $3k-4k 7 $4,625,000 $660,714
    $4k-5k 5 $1,825,000 $365,000

    Premier America's average total fees were $18,102, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 174 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 212 $248,320,000 $1,171,321
    5-6% 138 $20,080,000 $145,507
    4-5% 121 $137,195,000 $1,133,843
    6-7% 87 $9,285,000 $106,724
    7-8% 11 $855,000 $77,727
    Over 8% 4 $250,000 $62,500
    2.5-3% 1 $105,000 $105,000

    During 2019, Premier America's average interest rate for loans was 3.95%, while their most frequently originated rate bucket for loans was 3-4%, with 212 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 132 $7,030,000 $53,258 $450 6.24%
    $1MM+ 125 $291,975,000 $2,335,800 $34,364 3.97%
    $100k-200k 105 $14,385,000 $137,000 $7,159 5.33%
    $200k-400k 89 $23,765,000 $267,022 $4,156 4.53%
    $600k-1MM 66 $51,170,000 $775,303 $14,182 4.17%
    $400k-600k 57 $27,765,000 $487,105 $5,749 4.01%

    2019 saw Premier America place emphasis on $100,000 or less loans with 132 originations, totaling $7,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 152 $264,520,000 $1,740,263 $30,818 4.30%
    $150k-250k 121 $60,075,000 $496,488 $12,028 4.91%
    $100k-150k 118 $34,350,000 $291,102 $6,879 5.24%
    $75k-100k 71 $12,165,000 $171,338 $4,175 5.33%
    $50k or less 55 $26,695,000 $485,364 $13,531 4.60%
    $50k-75k 54 $14,850,000 $275,000 $8,442 5.14%

    Premier America lent most frequently to those with incomes in the $250k+ range, with 152 originations. The second most popular income band? $150k-250k, with 121 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 97 $61,365,000 $632,629 $16,339 4.78%
    30-36% 91 $66,325,000 $728,846 $16,531 4.76%
    50-60% 66 $24,760,000 $375,152 $24,801 5.80%
    <20% 34 $36,580,000 $1,075,882 $20,893 4.38%
    42% 30 $18,600,000 $620,000 $18,998 5.11%
    49% 25 $17,485,000 $699,400 $17,256 4.76%
    39% 24 $16,420,000 $684,167 $24,514 5.12%
    40% 23 $16,515,000 $718,043 $11,668 4.60%
    41% 21 $15,625,000 $744,048 $16,052 5.07%
    44% 20 $17,700,000 $885,000 $17,258 4.70%
    46% 20 $16,150,000 $807,500 $15,584 4.42%
    38% 18 $17,230,000 $957,222 $18,266 4.27%
    37% 17 $10,445,000 $614,412 $14,112 4.71%
    48% 17 $14,025,000 $825,000 $24,128 5.07%
    47% 16 $17,760,000 $1,110,000 $22,153 4.59%
    36% 14 $6,540,000 $467,143 $10,390 5.16%
    43% 13 $14,985,000 $1,152,692 $18,565 4.31%
    45% 10 $11,150,000 $1,115,000 $27,576 4.78%
    >60% 8 $7,670,000 $958,750 $7,669 4.28%

    Premier America lent most frequently to those with DTI ratios of 20-30%, with 97 originations. The next most common DTI ratio? 30-36%, with 91 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 427 $362,785,000 $849,614 $20,356 4.76%
    Not provided 97 $37,145,000 $382,938 $5,218 5.14%
    Asian 29 $12,015,000 $414,310 $11,950 4.99%
    Black 8 $1,530,000 $191,250 $5,303 5.31%
    Filipino 6 $1,490,000 $248,333 $3,396 4.77%
    Other Asian 3 $735,000 $245,000 $7,953 5.17%
    Other Pacific Islander 2 $230,000 $115,000 $5,405 6.13%
    American Indian 2 $160,000 $80,000 $0 6.06%

    Approval Rates

    Total approvals of all applications
    85.10%

    Premier America has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.48%

    Premier America has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 574 $416,090,000 $724,895

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 574 $416,090,000 $724,895

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 110 $52,410,000 $476,455 $12,361 4.89%
    40-60% 75 $105,645,000 $1,408,600 $21,611 4.03%
    60-80% 155 $188,875,000 $1,218,548 $19,777 3.97%
    80-100% 41 $41,645,000 $1,015,732 $15,681 4.06%
    Under 20% 180 $18,310,000 $101,722 $2,589 6.12%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Premier Lending, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%