Pierremont Mortgage Rates, Fees & Info
SHREVEPORT, LALEI: 549300JVGOSG4QV2ZU37
Tax ID: 72-1224272
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Mortgage Data
Review & Overview
Pierremont Mortgage is a smaller mortgage company specializing in Home Purchase loans. Pierremont Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Shreveport, New Orleans, and Monroe among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Pierremont Mortgage 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. Pierremont Mortgage is typically a low 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 relatively high 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.48% | 11/17/24 |
| 30 Year Conventional Refi | 6.69% | 11/17/24 |
| 30 Year Cash-out Refi | 6.72% | 11/17/24 |
| 30 Year FHA Purchase | 6.99% | 11/17/24 |
| 30 Year VA Purchase | 5.87% | 11/17/24 |
| 30 Year USDA Purchase | 6.23% | 11/17/24 |
| 15 Year Conventional Purchase | 5.73% | 11/17/24 |
| 15 Year Conventional Refi | 6.10% | 11/17/24 |
| 15 Year Cash-out Refi | 6.10% | 11/17/24 |
| 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. | ||
Pierremont Mortgage Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
32Origination Dollar Volume (All Markets)
$9,020,000Awards
PIERREMONT MORTGAGE - 2023
PIERREMONT MORTGAGE is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Pierremont Mortgage's average 30 year fixed mortgage rate was
6.78%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.3%.
Relative Fees (Closing Costs)
Pierremont Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,351.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 29 | $7,985,000 | $275,345 | $3,038 | 6.79% |
| Outside of Metro Areas | 1 | $485,000 | $485,000 | $9,450 | 6.75% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,263 | 6.25% |
| MONROE, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,860 | 6.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against PIERREMONT MORTGAGE 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
For 2023, Pierremont Mortgage's most frequently originated type of loan was Conventional, with 20 originations. Their 2nd most popular type was FHA, with 6 originations.
Loan Reason
For 2023, Pierremont Mortgage's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 31 | $8,465,000 | $273,065 | $3,351 | 6.78% |
| 15 Year | 1 | $555,000 | $555,000 | $1,785 | 6.13% |
For 2023, Pierremont Mortgage's most frequently cited loan duration was 30 Year, with 31 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 25 | $6,715,000 | $268,600 |
| $1k-2k | 3 | $1,365,000 | $455,000 |
| $2k-3k | 3 | $655,000 | $218,333 |
| $3k-4k | 1 | $285,000 | $285,000 |
Pierremont Mortgage's average total fees were $3,351, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 25 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 18 | $5,280,000 | $293,333 |
| 7-8% | 10 | $2,440,000 | $244,000 |
| 5-6% | 4 | $1,300,000 | $325,000 |
During 2023, Pierremont Mortgage's average interest rate for loans was 6.78%, while their most frequently originated rate bucket for loans was 6-7%, with 18 originations.
Loan Sizing
2023 saw Pierremont Mortgage place emphasis on $200k-400k loans with 18 originations, totaling $5,020,000 in origination value.
Applicant Income
Pierremont Mortgage lent most frequently to those with incomes in the $75k-100k range, with 12 originations. The second most popular income band? $100k-150k, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Pierremont Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.38%
Pierremont Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 32 | $9,020,000 | $281,875 |