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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.21% | 4/21/24 |
| 30 Year Conventional Purchase | 6.23% | 4/21/24 |
| 30 Year Conventional Refi | 6.10% | 4/21/24 |
| 30 Year Cash-out Refi | 6.07% | 4/21/24 |
| 15 Year Conventional Purchase | 6.44% | 4/21/24 |
| 15 Year Conventional Refi | 6.23% | 4/21/24 |
| 15 Year Cash-out Refi | 6.23% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
574Origination Dollar Volume (All Markets)
$416,090,000Awards
PREMIER AMERICA - 2019
PREMIER AMERICA is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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% |
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 |
|---|---|---|---|---|---|
| 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
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
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
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
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
2019 saw Premier America place emphasis on $100,000 or less loans with 132 originations, totaling $7,030,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications85.10%
Premier America has an average approval rate.
Pick Rate
Approvals leading to origination76.48%
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
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% |