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
  • 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 Home Purchase and Cash Out Refi 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, Lake Charles, and Minden 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.

    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% 12/16/24
    30 Year Conventional Refi 6.69% 12/16/24
    30 Year Cash-out Refi 6.72% 12/16/24
    30 Year FHA Purchase 6.99% 12/16/24
    30 Year VA Purchase 5.87% 12/16/24
    30 Year USDA Purchase 6.23% 12/16/24
    15 Year Conventional Purchase 5.73% 12/16/24
    15 Year Conventional Refi 6.10% 12/16/24
    15 Year Cash-out Refi 6.10% 12/16/24
    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

    59

    Origination Dollar Volume (All Markets)

    $14,715,000

    Awards

    PIERREMONT MORTGAGE 30 Year Conventional Loans gold PIERREMONT MORTGAGE 30 Year Conventional Loans silver
    Show all (2) 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) 56 $14,010,000 $250,179 $3,345 4.65%
    Natchitoches, LA (FHA|USDA|VA) 1 $325,000 $325,000 $5,080 4.63%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $275,000 $275,000 $5,376 4.63%
    Minden, LA (FHA|USDA|VA) 1 $105,000 $105,000 $1,249 4.88%
    Pierremont Mortgage's top markets include Shreveport, Natchitoches, Lake Charles, and Minden 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: 19
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 128
    Campus Federal Credit Union
    Similarity Rank: 360
    ANECA Federal Credit Union
    Similarity Rank: 682
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 817
    Citizens National Bank, N.A.
    Similarity Rank: 902
    BARKSDALE
    Similarity Rank: 946
    DSLD MORTGAGE, LLC
    Similarity Rank: 1007
    Cross Keys Bank
    Similarity Rank: 1387
    Home Federal Bank
    Similarity Rank: 1488

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 41 $9,595,000 $234,024 $2,333 4.87%
    FHA 8 $1,610,000 $201,250 $3,816 3.95%
    VA 7 $2,885,000 $412,143 $8,960 4.11%
    USDA 3 $625,000 $208,333 $3,380 4.92%

    For 2022, Pierremont Mortgage's most frequently originated type of loan was Conventional, with 41 originations. Their 2nd most popular type was FHA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 43 $10,135,000 $235,698 $2,891 4.67%
    Cash Out Refi 10 $3,260,000 $326,000 $5,728 4.36%
    Refi 6 $1,320,000 $220,000 $2,907 5.04%

    For 2022, Pierremont Mortgage's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 53 $13,195,000 $248,962 $3,496 4.80%
    15 Year 5 $1,155,000 $231,000 $2,373 3.50%
    Other 1 $365,000 $365,000 $1,869 2.99%

    For 2022, Pierremont Mortgage's most frequently cited loan duration was 30 Year, with 53 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 44 $11,090,000 $252,045
    $1k-2k 8 $1,480,000 $185,000
    $2k-3k 7 $2,145,000 $306,429

    Pierremont Mortgage's average total fees were $3,496, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 44 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 20 $5,230,000 $261,500
    3-4% 16 $4,030,000 $251,875
    5-6% 13 $2,845,000 $218,846
    2.5-3% 5 $1,465,000 $293,000
    6-7% 3 $765,000 $255,000
    7-8% 2 $380,000 $190,000

    During 2022, Pierremont Mortgage's average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 4-5%, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 35 $9,475,000 $270,714 $3,230 4.41%
    $100k-200k 17 $2,435,000 $143,235 $2,310 5.02%
    $400k-600k 4 $1,960,000 $490,000 $9,250 4.47%
    $100,000 or less 2 $180,000 $90,000 $3,089 5.99%
    $600k-1MM 1 $665,000 $665,000 $3,535 5.00%

    2022 saw Pierremont Mortgage place emphasis on $200k-400k loans with 35 originations, totaling $9,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 16 $5,150,000 $321,875 $3,252 4.66%
    $100k-150k 15 $4,085,000 $272,333 $4,158 4.71%
    $75k-100k 11 $2,675,000 $243,182 $3,799 4.22%
    $50k-75k 8 $1,220,000 $152,500 $2,308 4.90%
    $50k or less 8 $1,310,000 $163,750 $2,374 4.90%
    $250k+ 1 $275,000 $275,000 $5,376 4.63%

    Pierremont Mortgage lent most frequently to those with incomes in the $150k-250k range, with 16 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 2 $750,000 $375,000 $4,689 3.13%
    41% 1 $205,000 $205,000 $2,549 3.88%
    42% 1 $115,000 $115,000 $1,942 3.88%
    43% 1 $175,000 $175,000 $0 3.88%
    46% 1 $175,000 $175,000 $0 3.99%
    50-60% 1 $505,000 $505,000 $21,019 3.38%

    Pierremont Mortgage lent most frequently to those with DTI ratios of 30-36%, with 2 originations. The next most common DTI ratio? 41%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 51 $12,495,000 $245,000 $3,087 4.74%
    Black 5 $1,565,000 $313,000 $5,909 4.00%
    Asian 3 $655,000 $218,333 $4,012 4.29%

    Approval Rates

    Total approvals of all applications
    97.10%

    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
    86.44%

    Pierremont Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 59 $14,715,000 $249,407

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    59 $14,715,000 $249,407

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    80-100% 6 $1,420,000 $236,667 $2,311 3.64%
    Over 100% 1 $505,000 $505,000 $21,019 3.38%