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 Purchase and Other loans. Premier America has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Oxnard, Riverside, Santa Maria, and San Diego among others. We have data for 56 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% | 11/21/24 |
| 30 Year Conventional Purchase | 6.23% | 11/21/24 |
| 30 Year Conventional Refi | 6.10% | 11/21/24 |
| 30 Year Cash-out Refi | 6.07% | 11/21/24 |
| 15 Year Conventional Purchase | 6.44% | 11/21/24 |
| 15 Year Conventional Refi | 6.23% | 11/21/24 |
| 15 Year Cash-out Refi | 6.23% | 11/21/24 |
| 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
910Origination Dollar Volume (All Markets)
$861,650,000Awards
PREMIER AMERICA - 2022
PREMIER AMERICA is a 2022 , due to their low .
For 2022, 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) | 508 | $660,210,000 | $1,299,626 | $22,450 | 4.25% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 175 | $37,295,000 | $213,114 | $3,253 | 5.11% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 31 | $28,935,000 | $933,387 | $14,174 | 4.44% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 14 | $26,070,000 | $1,862,143 | $26,476 | 4.11% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 19 | $24,425,000 | $1,285,526 | $23,334 | 3.95% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 13 | $10,855,000 | $835,000 | $7,468 | 3.72% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 30 | $9,910,000 | $330,333 | $4,335 | 4.06% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $9,290,000 | $1,548,333 | $4,951 | 3.96% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 6 | $8,310,000 | $1,385,000 | $24,543 | 3.67% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 9 | $5,025,000 | $558,333 | $3,426 | 4.17% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 7 | $4,395,000 | $627,857 | $24,659 | 5.04% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $4,335,000 | $867,000 | $5,697 | 4.10% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 6 | $3,740,000 | $623,333 | $4,503 | 3.77% |
| Edwards, CO (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $6,807 | 3.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 8 | $2,270,000 | $283,750 | $3,292 | 4.94% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $2,160,000 | $540,000 | $8,531 | 3.84% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 4 | $2,130,000 | $532,500 | $8,709 | 3.63% |
| TUCSON, AZ (FHA|USDA|VA) | 6 | $2,010,000 | $335,000 | $7,400 | 4.92% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $1,755,000 | $351,000 | $5,301 | 3.40% |
| MODESTO, CA (FHA|USDA|VA) | 5 | $1,725,000 | $345,000 | $3,254 | 4.25% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $1,445,000 | $481,667 | $5,328 | 4.17% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $5,700 | 3.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $4,519 | 3.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 6 | $870,000 | $145,000 | $3,308 | 4.17% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $5,506 | 4.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $7,057 | 3.13% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $4,911 | 4.38% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,646 | 3.75% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $5,608 | 2.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $2,880 | 5.25% |
| Outside of Metro Areas | 1 | $505,000 | $505,000 | $0 | 7.88% |
| MERCED, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,726 | 3.50% |
| MADERA, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,475 | 5.63% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,020 | 3.38% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,316 | 3.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,731 | 4.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,514 | 4.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,152 | 4.13% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,568 | 4.75% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.88% |
| TULSA, OK (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,126 | 5.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,158 | 2.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,145 | 4.69% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,286 | 5.75% |
| SALEM, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,574 | 4.63% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,828 | 4.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.88% |
| Outside of Metro Areas | 1 | $115,000 | $115,000 | $2,915 | 3.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.88% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.75% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,519 | 3.00% |
| Newport, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.50% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.88% |
| BEND, OR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.49% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.24% |
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 | 628 | $808,690,000 | $1,287,723 | $16,496 | 4.01% |
| HELOC | 282 | $52,960,000 | $187,801 | n/a | 5.28% |
For 2022, Premier America's most frequently originated type of loan was Conventional, with 628 originations. Their 2nd most popular type was HELOC, with 282 originations.
Loan Reason
For 2022, Premier America's most frequently cited loan purpose was Home Purchase, with 270 originations. The 2nd most popular reason was Other, with 262 originations.
Loan Duration/Length
For 2022, Premier America's most frequently cited loan duration was 15 Year, with 540 originations. The 2nd most popular length was 30 Year, with 362 originations.
Origination Fees/Closing Costs
Premier America's average total fees were $20,729, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 320 originations.
Interest Rates
During 2022, Premier America's average interest rate for loans was 3.54%, while their most frequently originated rate bucket for loans was 3-4%, with 444 originations.
Loan Sizing
2022 saw Premier America place emphasis on $1MM+ loans with 247 originations, totaling $649,905,000 in origination value.
Applicant Income
Premier America lent most frequently to those with incomes in the $250k+ range, with 309 originations. The second most popular income band? $150k-250k, with 220 originations.
Applicant Debt to Income Ratio
Premier America lent most frequently to those with DTI ratios of 30-36%, with 147 originations. The next most common DTI ratio? 20-30%, with 147 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.86%
Premier America has an average approval rate.
Pick Rate
Approvals leading to origination85.27%
Premier America has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 910 | $861,650,000 | $946,868 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PRIMARY RESIDENTIAL MORTGAGE | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| PRIMARY RESIDENTIAL MORTGAGE | VA mortgage | Trouble during payment process | 1 | 50.0% |