Pierremont Mortgage Rates, Fees & Info

SHREVEPORT, LA

LEI: 549300JVGOSG4QV2ZU37

Tax ID: 72-1224272

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

    Pierremont Mortgage is a smaller mortgage company specializing in Refi and 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, Minden, Ruston, and Alexandria among others. We have data for 5 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 an above 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.

    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% 4/21/24
    30 Year Conventional Refi 6.69% 4/21/24
    30 Year Cash-out Refi 6.72% 4/21/24
    30 Year FHA Purchase 6.99% 4/21/24
    30 Year VA Purchase 5.87% 4/21/24
    30 Year USDA Purchase 6.23% 4/21/24
    15 Year Conventional Purchase 5.73% 4/21/24
    15 Year Conventional Refi 6.10% 4/21/24
    15 Year Cash-out Refi 6.10% 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.

    Pierremont Mortgage Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Pierremont Mortgage. 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

    114

    Origination Dollar Volume (All Markets)

    $26,790,000
    Show all (5) 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
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 105 $25,375,000 $241,667 $2,403 2.71%
    Minden, LA (FHA|USDA|VA) 4 $570,000 $142,500 $2,031 2.75%
    Ruston, LA (FHA|USDA|VA) 2 $290,000 $145,000 $2,361 2.69%
    Outside of Metro Areas 2 $290,000 $145,000 $1,127 3.12%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $265,000 $265,000 $80 2.99%
    Pierremont Mortgage's top markets include Shreveport, Minden, Ruston, and Alexandria among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)

    • 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.

    Bossier Federal Credit Union
    Similarity Rank: 68
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 220
    ANECA Federal Credit Union
    Similarity Rank: 890
    DSLD MORTGAGE, LLC
    Similarity Rank: 1440
    FBT Mortgage, L.L.C.
    Similarity Rank: 1620
    BARKSDALE
    Similarity Rank: 2640
    Cross Keys Bank
    Similarity Rank: 2673
    Home Federal Bank
    Similarity Rank: 3024
    Red River Bank
    Similarity Rank: 4104
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 4160

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 81 $18,425,000 $227,469 $1,773 2.79%
    VA 22 $6,120,000 $278,182 $3,747 2.52%
    FHA 9 $1,855,000 $206,111 $4,053 2.57%
    USDA 2 $390,000 $195,000 $2,504 2.56%

    For 2021, Pierremont Mortgage's most frequently originated type of loan was Conventional, with 81 originations. Their 2nd most popular type was VA, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 49 $10,035,000 $204,796 $2,176 2.67%
    Home Purchase 48 $11,800,000 $245,833 $2,526 2.81%
    Cash Out Refi 17 $4,955,000 $291,471 $2,333 2.59%

    For 2021, Pierremont Mortgage's most frequently cited loan purpose was Refi, with 49 originations. The 2nd most popular reason was Home Purchase, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 77 $19,085,000 $247,857 $2,526 2.80%
    15 Year 20 $3,970,000 $198,500 $2,127 2.46%
    20 Year 11 $2,275,000 $206,818 $1,650 2.74%
    10 Year 3 $605,000 $201,667 $2,255 2.50%
    Other 3 $855,000 $285,000 $1,843 2.54%

    For 2021, Pierremont Mortgage's most frequently cited loan duration was 30 Year, with 77 originations. The 2nd most popular length was 15 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 102 $25,050,000 $245,588
    $1k-2k 12 $1,740,000 $145,000

    Pierremont Mortgage's average total fees were $2,526, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 102 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 48 $11,960,000 $249,167
    2.5-3% 46 $10,760,000 $233,913
    3-4% 20 $4,070,000 $203,500

    During 2021, Pierremont Mortgage's average interest rate for loans was 2.80%, while their most frequently originated rate bucket for loans was <2.5%, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 55 $14,915,000 $271,182 $2,495 2.60%
    $100k-200k 39 $6,195,000 $158,846 $2,047 2.81%
    $100,000 or less 10 $710,000 $71,000 $2,196 3.01%
    $400k-600k 9 $4,355,000 $483,889 $2,801 2.72%
    $600k-1MM 1 $615,000 $615,000 $3,312 2.63%

    2021 saw Pierremont Mortgage place emphasis on $200k-400k loans with 55 originations, totaling $14,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 27 $6,765,000 $250,556 $1,922 2.75%
    $75k-100k 25 $6,025,000 $241,000 $2,535 2.74%
    $150k-250k 24 $6,620,000 $275,833 $2,068 2.64%
    $50k-75k 19 $2,965,000 $156,053 $2,672 2.72%
    $50k or less 14 $2,140,000 $152,857 $2,665 2.79%
    $250k+ 5 $2,275,000 $455,000 $2,902 2.58%

    Pierremont Mortgage lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $75k-100k, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 100 $23,490,000 $234,900 $2,329 2.71%
    Black 9 $2,235,000 $248,333 $2,405 2.79%
    Asian 5 $1,065,000 $213,000 $2,603 2.75%

    Approval Rates

    Total approvals of all applications
    96.00%

    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 origination
    94.74%

    Pierremont Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 114 $26,790,000 $235,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    114 $26,790,000 $235,000

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PARAMOUNT RESIDENTIAL MORTGAGE GROUP VA mortgage Trouble during payment process 4 12.5%
    PARAMOUNT RESIDENTIAL MORTGAGE GROUP FHA mortgage Struggling to pay mortgage 3 9.4%
    PARAMOUNT RESIDENTIAL MORTGAGE GROUP FHA mortgage Trouble during payment process 5 15.6%
    PARAMOUNT RESIDENTIAL MORTGAGE GROUP Other type of mortgage Closing on a mortgage 2 6.3%
    PARAMOUNT RESIDENTIAL MORTGAGE GROUP VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.1%
    PARAMOUNT RESIDENTIAL MORTGAGE GROUP VA mortgage Closing on a mortgage 1 3.1%
    PARAMOUNT RESIDENTIAL MORTGAGE GROUP VA mortgage Struggling to pay mortgage 1 3.1%
    PARAMOUNT RESIDENTIAL MORTGAGE GROUP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 9.4%
    PARAMOUNT RESIDENTIAL MORTGAGE GROUP Conventional home mortgage Trouble during payment process 10 31.3%
    PARAMOUNT RESIDENTIAL MORTGAGE GROUP FHA mortgage Closing on a mortgage 1 3.1%
    PARAMOUNT RESIDENTIAL MORTGAGE GROUP FHA mortgage Problem with a credit reporting company's investigation into an existing problem 1 3.1%