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. They have a low ratio of USDA loans. Their top markets by origination volume include: Shreveport, Natchitoches, Minden, and Lafayette 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.95% | 4/5/25 |
| 30 Year Conventional Refi | 6.76% | 4/5/25 |
| 30 Year Cash-out Refi | 7.02% | 4/5/25 |
| 30 Year FHA Purchase | 7.00% | 4/5/25 |
| 30 Year VA Purchase | 6.21% | 4/5/25 |
| 30 Year USDA Purchase | 6.40% | 4/5/25 |
| 15 Year Conventional Purchase | 6.88% | 4/5/25 |
| 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
47Origination Dollar Volume (All Markets)
$13,285,000Awards
PIERREMONT MORTGAGE - 2024
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For 2024, 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
6.55%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0%.
Relative Fees (Closing Costs)
Pierremont Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,920.
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 $8,356.
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) | 43 | $12,185,000 | $283,372 | $2,732 | 6.56% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,354 | 6.13% |
| Minden, LA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $2,066 | 6.63% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,895 | 6.88% |
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 2024, Pierremont Mortgage's most frequently originated type of loan was Conventional, with 31 originations. Their 2nd most popular type was FHA, with 7 originations.
Loan Reason
For 2024, Pierremont Mortgage's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 44 | $12,760,000 | $290,000 | $2,920 | 6.55% |
| 15 Year | 2 | $290,000 | $145,000 | $563 | 6.63% |
| 20 Year | 1 | $235,000 | $235,000 | $443 | 6.63% |
For 2024, Pierremont Mortgage's most frequently cited loan duration was 30 Year, with 44 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 38 | $10,950,000 | $288,158 |
| $1k-2k | 5 | $1,145,000 | $229,000 |
| $3k-4k | 2 | $800,000 | $400,000 |
| $2k-3k | 1 | $255,000 | $255,000 |
Pierremont Mortgage's average total fees were $2,920, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 38 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 39 | $11,105,000 | $284,744 |
| 5-6% | 5 | $1,455,000 | $291,000 |
| 7-8% | 2 | $550,000 | $275,000 |
| Over 8% | 1 | $175,000 | $175,000 |
During 2024, Pierremont Mortgage's average interest rate for loans was 6.55%, while their most frequently originated rate bucket for loans was 6-7%, with 39 originations.
Loan Sizing
2024 saw Pierremont Mortgage place emphasis on $200k-400k loans with 26 originations, totaling $7,220,000 in origination value.
Applicant Income
Pierremont Mortgage lent most frequently to those with incomes in the $150k-250k range, with 14 originations. The second most popular income band? $100k-150k, with 11 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.15%
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 origination87.23%
Pierremont Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 47 | $13,285,000 | $282,660 |