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 Home Purchase loans. Premier America has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Oxnard, San Francisco, San Diego, and Riverside among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Premier America has an above 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

    757

    Origination Dollar Volume (All Markets)

    $731,155,000

    Awards

    PREMIER AMERICA 30 Year Conventional Loans bronze
    Show all (1) 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) 451 $571,615,000 $1,267,439 $22,952 3.42%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 160 $38,120,000 $238,250 $4,327 3.64%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 18 $25,370,000 $1,409,444 $23,785 3.45%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 11 $15,375,000 $1,397,727 $29,604 3.33%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 23 $15,245,000 $662,826 $9,035 3.49%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 9 $14,625,000 $1,625,000 $20,447 3.56%
    Heber, UT (FHA|USDA|VA) 2 $10,510,000 $5,255,000 $12,243 3.38%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $8,525,000 $2,841,667 $39,488 3.38%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 35 $6,525,000 $186,429 $4,129 3.34%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $5,775,000 $1,925,000 $46,114 3.62%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $2,970,000 $1,485,000 $26,004 3.19%
    Outside of Metro Areas 3 $1,725,000 $575,000 $9,158 3.33%
    Edwards, CO (FHA|USDA|VA) 1 $1,465,000 $1,465,000 $4,634 3.63%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $1,440,000 $720,000 $24,485 3.88%
    PROVO-OREM, UT (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $4,947 3.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $960,000 $480,000 $8,124 3.81%
    RENO, NV (FHA|USDA|VA) 1 $945,000 $945,000 $4,780 3.13%
    BOISE CITY, ID (FHA|USDA|VA) 1 $855,000 $855,000 $6,949 2.88%
    STOCKTON, CA (FHA|USDA|VA) 2 $810,000 $405,000 $3,540 2.81%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $725,000 $725,000 $3,123 3.00%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $660,000 $330,000 $4,890 3.38%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $615,000 $615,000 $5,335 3.25%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $615,000 $205,000 $2,644 3.21%
    MORRISTOWN, TN (FHA|USDA|VA) 2 $550,000 $275,000 $3,587 3.25%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $535,000 $535,000 $3,410 2.75%
    Newport, OR (FHA|USDA|VA) 1 $505,000 $505,000 $4,725 2.63%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $385,000 $385,000 $4,152 3.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $350,000 $175,000 $8,994 3.38%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $345,000 $345,000 $3,677 3.50%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $315,000 $315,000 $2,838 3.25%
    BAKERSFIELD, CA (FHA|USDA|VA) 3 $265,000 $88,333 $3,048 3.54%
    Oak Harbor, WA (FHA|USDA|VA) 1 $255,000 $255,000 $3,172 2.88%
    FRESNO, CA (FHA|USDA|VA) 1 $255,000 $255,000 $6,209 3.13%
    Sonora, CA (FHA|USDA|VA) 1 $225,000 $225,000 $3,856 3.25%
    Baraboo, WI (FHA|USDA|VA) 1 $225,000 $225,000 $4,504 3.25%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $175,000 $175,000 $2,913 2.75%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $145,000 $145,000 $3,447 3.13%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,123 3.63%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.88%
    Premier America's top markets include Los Angeles, Oxnard, San Francisco, San Diego, and Riverside among others.

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

    Christian Community Credit Union
    Similarity Rank: 354
    AMOCO
    Similarity Rank: 405
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 560
    U S WIDE FINANCIAL LLC
    Similarity Rank: 588
    AAXY L.L.C.
    Similarity Rank: 648
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 825
    MYPOINT Credit Union
    Similarity Rank: 924
    Chaffey Federal Credit Union
    Similarity Rank: 966
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1104
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1164

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 526 $699,920,000 $1,330,646 $18,092 3.27%
    HELOC 231 $31,235,000 $135,216 n/a 3.89%

    For 2021, Premier America's most frequently originated type of loan was Conventional, with 526 originations. Their 2nd most popular type was HELOC, with 231 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 209 $395,005,000 $1,889,976 $30,597 3.29%
    Home Improvement 173 $29,045,000 $167,890 $4,505 3.88%
    Other 171 $137,045,000 $801,433 $16,806 3.57%
    Cash Out Refi 116 $84,510,000 $728,534 $6,682 3.18%
    Refi 88 $85,550,000 $972,159 $10,253 3.18%

    For 2021, Premier America's most frequently cited loan purpose was Home Purchase, with 209 originations. The 2nd most popular reason was Home Improvement, with 173 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 356 $524,020,000 $1,471,966 $20,040 3.20%
    15 Year 354 $186,530,000 $526,921 $17,409 3.79%
    20 Year 36 $14,890,000 $413,611 $4,344 2.92%
    10 Year 8 $2,550,000 $318,750 $3,248 2.75%
    Other 2 $2,020,000 $1,010,000 $0 3.44%
    5 Year 1 $1,145,000 $1,145,000 $0 4.00%

    For 2021, Premier America's most frequently cited loan duration was 30 Year, with 356 originations. The 2nd most popular length was 15 Year, with 354 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 218 $160,900,000 $738,073
    $5k+ 207 $482,725,000 $2,332,005
    $1k-2k 48 $19,070,000 $397,292
    $2k-3k 23 $9,425,000 $409,783
    $3k-4k 10 $3,760,000 $376,000
    $4k-5k 5 $3,535,000 $707,000

    Premier America's average total fees were $20,040, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 218 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 589 $571,365,000 $970,059
    2.5-3% 144 $155,150,000 $1,077,431
    5-6% 10 $760,000 $76,000
    4-5% 6 $3,000,000 $500,000
    6-7% 3 $175,000 $58,333
    7-8% 3 $155,000 $51,667
    <2.5% 2 $550,000 $275,000

    During 2021, Premier America's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 3-4%, with 589 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 197 $552,815,000 $2,806,168 $39,485 3.34%
    $200k-400k 154 $42,690,000 $277,208 $3,857 3.28%
    $100,000 or less 116 $5,980,000 $51,552 $15 4.09%
    $100k-200k 116 $15,560,000 $134,138 $3,063 3.57%
    $600k-1MM 96 $75,300,000 $784,375 $10,173 3.27%
    $400k-600k 78 $38,810,000 $497,564 $5,260 3.24%

    2021 saw Premier America place emphasis on $1MM+ loans with 197 originations, totaling $552,815,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 235 $510,875,000 $2,173,936 $34,364 3.38%
    $150k-250k 150 $78,700,000 $524,667 $7,951 3.48%
    $100k-150k 136 $43,720,000 $321,471 $5,603 3.57%
    $75k-100k 93 $27,465,000 $295,323 $5,864 3.51%
    $50k-75k 82 $29,870,000 $364,268 $7,729 3.45%
    $50k or less 51 $22,975,000 $450,490 $9,772 3.37%

    Premier America lent most frequently to those with incomes in the $250k+ range, with 235 originations. The second most popular income band? $150k-250k, with 150 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 139 $149,775,000 $1,077,518 $21,699 3.37%
    30-36% 120 $114,630,000 $955,250 $16,879 3.46%
    <20% 83 $101,255,000 $1,219,940 $20,680 3.34%
    50-60% 69 $40,845,000 $591,957 $51,329 3.81%
    42% 31 $25,805,000 $832,419 $13,824 3.50%
    43% 31 $31,815,000 $1,026,290 $14,634 3.40%
    44% 30 $28,390,000 $946,333 $15,111 3.31%
    47% 29 $24,485,000 $844,310 $12,407 3.65%
    41% 28 $21,530,000 $768,929 $11,970 3.63%
    40% 27 $21,815,000 $807,963 $11,306 3.57%
    45% 24 $35,880,000 $1,495,000 $23,491 3.22%
    37% 24 $22,060,000 $919,167 $13,575 3.31%
    38% 22 $25,650,000 $1,165,909 $22,885 3.47%
    46% 22 $10,890,000 $495,000 $10,868 3.51%
    49% 20 $14,580,000 $729,000 $8,330 3.52%
    36% 18 $16,370,000 $909,444 $16,617 3.43%
    39% 15 $17,095,000 $1,139,667 $16,485 3.29%
    48% 12 $9,280,000 $773,333 $11,637 3.42%
    >60% 1 $665,000 $665,000 $14,688 3.50%

    Premier America lent most frequently to those with DTI ratios of 20-30%, with 139 originations. The next most common DTI ratio? 30-36%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 576 $645,930,000 $1,121,406 $20,464 3.45%
    Asian 43 $39,115,000 $909,651 $18,151 3.55%
    Not provided 110 $36,850,000 $335,000 $4,047 3.46%
    Black 14 $6,570,000 $469,286 $15,959 3.77%
    Filipino 6 $1,100,000 $183,333 $2,591 3.56%
    Korean 1 $435,000 $435,000 $2,784 3.13%
    Asian Indian 3 $415,000 $138,333 $3,725 3.54%
    American Indian 2 $300,000 $150,000 $2,493 3.44%
    Japanese 1 $285,000 $285,000 $6,198 2.88%
    Native Hawaiian or Islander 1 $155,000 $155,000 $3,905 2.63%

    Approval Rates

    Total approvals of all applications
    95.07%

    Premier America has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    86.66%

    Premier America has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 757 $731,155,000 $965,859

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    757 $731,155,000 $965,859

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 120 $44,380,000 $369,833 $6,682 3.41%
    40-60% 148 $186,460,000 $1,259,865 $17,377 3.21%
    60-80% 234 $399,920,000 $1,709,060 $23,177 3.29%
    80-100% 52 $67,290,000 $1,294,038 $19,951 3.22%
    Over 100% 1 $1,215,000 $1,215,000 $27,809 3.88%
    Under 20% 197 $27,005,000 $137,081 $4,308 3.93%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Premier Mortgage, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Premier Mortgage, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%