Paramount Bank Mortgage Rates, Fees & Info

Hazelwood, MO

LEI: 549300KW3HYVC06WS898

Tax ID: 81-0647272

5 stars - out of 5 stars, based on 60 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    Paramount Bank is a small bank specializing in Home Purchase and Refi loans. Paramount Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Dallas, New York, Washington, and Austin among others. We have data for 338 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Paramount Bank 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. Paramount Bank is typically an average 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 6.77% 11/27/22
    30 Year Conventional Refi 6.60% 11/27/22
    30 Year Cash-out Refi 6.81% 11/27/22
    30 Year FHA Purchase 7.54% 11/27/22
    30 Year FHA Refi 7.24% 11/27/22
    30 Year VA Purchase 6.50% 11/27/22
    30 Year VA Refi 6.22% 11/27/22
    30 Year USDA Purchase 6.76% 11/27/22
    30 Year USDA Refi 6.61% 11/27/22
    15 Year Conventional Purchase 6.08% 11/27/22
    15 Year Conventional Refi 6.00% 11/27/22
    15 Year Cash-out Refi 6.00% 11/27/22
    15 Year FHA Refi 7.24% 11/27/22
    15 Year VA Purchase 5.90% 11/27/22
    15 Year VA Refi 6.08% 11/27/22
    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.


    Originations

    3,642

    Origination Dollar Volume (All Markets)

    $1,155,510,000

    Employee count

    134 Show all (20) awards

    Relative Rate

    Paramount Bank's average 30 year fixed mortgage rate was 2.88%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.27%.

    Relative Fees (Closing Costs)

    Paramount Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,804.

    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 $4,750.

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1,237 $346,905,000 $280,441 $2,240 2.85%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 237 $83,285,000 $351,414 $5,349 2.82%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 87 $37,005,000 $425,345 $5,091 2.82%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 53 $34,255,000 $646,321 $15,552 2.74%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 63 $29,545,000 $468,968 $7,899 2.73%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 29 $24,905,000 $858,793 $7,460 2.81%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 95 $23,805,000 $250,579 $4,101 2.95%
    Outside of Metro Areas 90 $21,920,000 $243,556 $4,178 2.93%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 83 $20,675,000 $249,096 $2,533 2.93%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 67 $20,115,000 $300,224 $6,249 2.77%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 54 $18,910,000 $350,185 $4,626 2.88%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 47 $17,725,000 $377,128 $7,572 2.82%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 38 $17,290,000 $455,000 $6,182 2.74%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 30 $16,790,000 $559,667 $9,663 2.74%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 31 $14,675,000 $473,387 $6,095 2.85%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 30 $14,220,000 $474,000 $6,638 2.75%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 36 $12,460,000 $346,111 $5,007 2.87%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 31 $11,985,000 $386,613 $9,277 2.90%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 15 $11,735,000 $782,333 $11,491 2.61%
    FAIRBANKS, AK (FHA|USDA|VA) 31 $10,535,000 $339,839 $9,853 2.92%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 17 $10,105,000 $594,412 $6,242 2.72%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 34 $9,650,000 $283,824 $7,643 3.01%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 32 $9,110,000 $284,688 $1,594 2.89%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 26 $8,890,000 $341,923 $6,098 2.85%
    FAYETTEVILLE, NC (FHA|USDA|VA) 36 $7,740,000 $215,000 $7,369 2.68%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 28 $7,410,000 $264,643 $5,374 2.81%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 21 $7,145,000 $340,238 $5,579 2.82%
    SAVANNAH, GA (FHA|USDA|VA) 29 $6,865,000 $236,724 $5,755 2.70%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 22 $6,690,000 $304,091 $6,172 2.99%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 40 $6,650,000 $166,250 $4,621 2.99%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 15 $6,185,000 $412,333 $10,014 2.87%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 20 $6,050,000 $302,500 $7,117 2.83%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 15 $5,665,000 $377,667 $6,618 2.81%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 21 $5,565,000 $265,000 $6,127 2.81%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 18 $5,210,000 $289,444 $6,326 2.81%
    RALEIGH-CARY, NC (FHA|USDA|VA) 14 $5,200,000 $371,429 $2,260 2.68%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 15 $5,135,000 $342,333 $4,328 2.64%
    RICHMOND, VA (FHA|USDA|VA) 13 $4,555,000 $350,385 $7,419 2.74%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 11 $4,515,000 $410,455 $6,663 2.68%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 11 $4,275,000 $388,636 $6,172 2.75%
    URBAN HONOLULU, HI (FHA|USDA|VA) 6 $3,980,000 $663,333 $8,610 2.56%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $3,595,000 $513,571 $2,836 2.71%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 15 $3,575,000 $238,333 $3,506 2.82%
    GREELEY, CO (FHA|USDA|VA) 6 $3,540,000 $590,000 $13,391 2.65%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 13 $3,485,000 $268,077 $5,712 3.01%
    JACKSONVILLE, FL (FHA|USDA|VA) 12 $3,480,000 $290,000 $4,832 3.07%
    PITTSBURGH, PA (FHA|USDA|VA) 13 $3,415,000 $262,692 $4,873 2.89%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 17 $3,405,000 $200,294 $5,880 3.07%
    BOISE CITY, ID (FHA|USDA|VA) 8 $3,320,000 $415,000 $6,686 2.64%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 9 $3,305,000 $367,222 $4,980 2.72%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 8 $3,170,000 $396,250 $4,805 2.75%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 12 $3,150,000 $262,500 $3,944 2.88%
    SALT LAKE CITY, UT (FHA|USDA|VA) 9 $3,095,000 $343,889 $9,366 2.79%
    ANCHORAGE, AK (FHA|USDA|VA) 9 $3,075,000 $341,667 $4,667 2.56%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 13 $3,035,000 $233,462 $3,121 2.94%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $2,995,000 $998,333 $5,272 3.13%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 9 $2,725,000 $302,778 $5,972 3.03%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 9 $2,675,000 $297,222 $4,518 3.06%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $2,665,000 $888,333 $3,671 2.71%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 8 $2,580,000 $322,500 $4,782 2.66%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 7 $2,565,000 $366,429 $6,120 2.96%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 9 $2,395,000 $266,111 $8,021 3.31%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 9 $2,385,000 $265,000 $8,667 2.57%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 8 $2,320,000 $290,000 $2,662 3.03%
    EL PASO, TX (FHA|USDA|VA) 11 $2,285,000 $207,727 $9,422 2.68%
    COLUMBUS, OH (FHA|USDA|VA) 7 $2,115,000 $302,143 $3,313 3.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 7 $2,045,000 $292,143 $3,028 2.93%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 6 $2,040,000 $340,000 $7,341 3.04%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 7 $2,035,000 $290,714 $3,859 2.57%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $2,010,000 $502,500 $12,452 2.50%
    BEND, OR (FHA|USDA|VA) 5 $2,005,000 $401,000 $9,298 2.88%
    COLUMBIA, SC (FHA|USDA|VA) 8 $1,970,000 $246,250 $7,287 3.03%
    AKRON, OH (FHA|USDA|VA) 10 $1,970,000 $197,000 $4,192 2.93%
    TUCSON, AZ (FHA|USDA|VA) 9 $1,955,000 $217,222 $2,466 2.75%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 7 $1,935,000 $276,429 $5,528 2.84%
    HUNTSVILLE, AL (FHA|USDA|VA) 6 $1,910,000 $318,333 $4,082 2.63%
    Heber, UT (FHA|USDA|VA) 2 $1,860,000 $930,000 $1,965 2.31%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 8 $1,800,000 $225,000 $5,856 2.89%
    Oak Harbor, WA (FHA|USDA|VA) 4 $1,800,000 $450,000 $6,661 3.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 5 $1,735,000 $347,000 $10,798 2.70%
    BAKERSFIELD, CA (FHA|USDA|VA) 7 $1,695,000 $242,143 $4,182 2.71%
    WACO, TX (FHA|USDA|VA) 5 $1,685,000 $337,000 $6,462 3.38%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 8 $1,680,000 $210,000 $5,473 2.95%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $1,670,000 $417,500 $3,801 2.88%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 5 $1,625,000 $325,000 $5,293 3.08%
    Enterprise, AL (FHA|USDA|VA) 6 $1,520,000 $253,333 $9,349 2.83%
    SIOUX FALLS, SD (FHA|USDA|VA) 5 $1,475,000 $295,000 $2,318 2.83%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 4 $1,430,000 $357,500 $4,083 2.47%
    TULSA, OK (FHA|USDA|VA) 7 $1,355,000 $193,571 $6,953 3.14%
    WINSTON-SALEM, NC (FHA|USDA|VA) 5 $1,275,000 $255,000 $5,941 2.73%
    VALLEJO, CA (FHA|USDA|VA) 4 $1,250,000 $312,500 $7,278 2.75%
    BATON ROUGE, LA (FHA|USDA|VA) 5 $1,245,000 $249,000 $4,690 2.68%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $1,230,000 $307,500 $5,402 2.78%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 5 $1,205,000 $241,000 $3,397 2.80%
    RENO, NV (FHA|USDA|VA) 3 $1,175,000 $391,667 $3,271 3.00%
    PANAMA CITY, FL (FHA|USDA|VA) 4 $1,170,000 $292,500 $7,384 3.09%
    Hailey, ID (FHA|USDA|VA) 3 $1,165,000 $388,333 $3,844 2.75%
    Steamboat Springs, CO (FHA|USDA|VA) 2 $1,160,000 $580,000 $5,580 2.75%
    MANHATTAN, KS (FHA|USDA|VA) 5 $1,135,000 $227,000 $2,953 2.58%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 4 $1,110,000 $277,500 $4,802 2.81%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $1,090,000 $272,500 $8,387 2.63%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $1,090,000 $545,000 $10,632 2.88%
    YORK-HANOVER, PA (FHA|USDA|VA) 3 $1,085,000 $361,667 $6,041 2.75%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 4 $1,070,000 $267,500 $5,256 2.88%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $1,065,000 $355,000 $6,448 2.42%
    STOCKTON, CA (FHA|USDA|VA) 3 $1,055,000 $351,667 $3,106 2.58%
    JACKSON, MS (FHA|USDA|VA) 3 $1,055,000 $351,667 $0 3.08%
    SALEM, OR (FHA|USDA|VA) 3 $1,055,000 $351,667 $5,601 2.96%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $1,010,000 $505,000 $3,975 2.25%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 5 $1,005,000 $201,000 $4,825 2.65%
    Breckenridge, CO (FHA|USDA|VA) 2 $1,000,000 $500,000 $3,013 2.75%
    ASHEVILLE, NC (FHA|USDA|VA) 3 $995,000 $331,667 $3,692 3.50%
    Columbus, MS (FHA|USDA|VA) 5 $995,000 $199,000 $8,120 2.50%
    KNOXVILLE, TN (FHA|USDA|VA) 4 $970,000 $242,500 $4,220 3.03%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $965,000 $321,667 $7,908 2.96%
    Outside of Metro Areas 3 $935,000 $311,667 $3,730 2.67%
    Farmington, MO (FHA|USDA|VA) 2 $920,000 $460,000 $13,903 3.00%
    COLUMBUS, GA-AL (FHA|USDA|VA) 6 $920,000 $153,333 $5,422 2.50%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $895,000 $298,333 $3,170 2.46%
    ALBUQUERQUE, NM (FHA|USDA|VA) 4 $890,000 $222,500 $2,814 2.78%
    BOULDER, CO (FHA|USDA|VA) 2 $880,000 $440,000 $2,110 2.81%
    SALINAS, CA (FHA|USDA|VA) 2 $870,000 $435,000 $10,255 2.63%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 4 $860,000 $215,000 $6,847 2.66%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 4 $850,000 $212,500 $4,050 2.59%
    Shelton, WA (FHA|USDA|VA) 3 $835,000 $278,333 $2,647 2.88%
    Bozeman, MT (FHA|USDA|VA) 2 $830,000 $415,000 $5,790 2.69%
    Sanford, NC (FHA|USDA|VA) 3 $805,000 $268,333 $9,624 2.83%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 5 $795,000 $159,000 $6,474 2.98%
    OCALA, FL (FHA|USDA|VA) 4 $770,000 $192,500 $6,623 2.91%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $765,000 $255,000 $11,050 2.92%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 3 $735,000 $245,000 $9,546 2.58%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 3 $735,000 $245,000 $4,079 2.63%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $735,000 $245,000 $2,478 2.92%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $720,000 $360,000 $9,056 2.69%
    LUBBOCK, TX (FHA|USDA|VA) 1 $715,000 $715,000 $6,120 3.13%
    WARNER ROBINS, GA (FHA|USDA|VA) 3 $715,000 $238,333 $5,374 3.25%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $710,000 $355,000 $6,971 2.94%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 4 $710,000 $177,500 $5,799 2.94%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $690,000 $172,500 $5,414 2.72%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 3 $685,000 $228,333 $3,843 2.92%
    Aberdeen, SD (FHA|USDA|VA) 1 $685,000 $685,000 $9,066 2.88%
    Kill Devil Hills, NC (FHA|USDA|VA) 2 $680,000 $340,000 $6,470 3.81%
    LANCASTER, PA (FHA|USDA|VA) 2 $680,000 $340,000 $5,260 2.69%
    Athens, TX (FHA|USDA|VA) 1 $675,000 $675,000 $4,840 2.25%
    WILMINGTON, NC (FHA|USDA|VA) 2 $670,000 $335,000 $3,459 2.50%
    SANTA FE, NM (FHA|USDA|VA) 3 $665,000 $221,667 $7,940 2.88%
    HAMMOND, LA (FHA|USDA|VA) 4 $650,000 $162,500 $2,270 2.94%
    WICHITA, KS (FHA|USDA|VA) 2 $640,000 $320,000 $4,140 2.94%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $620,000 $310,000 $1,893 2.44%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $615,000 $205,000 $3,052 2.54%
    DOVER, DE (FHA|USDA|VA) 2 $610,000 $305,000 $5,112 2.81%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $610,000 $305,000 $2,448 3.25%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $610,000 $305,000 $7,584 2.69%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $600,000 $300,000 $11,834 2.56%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $600,000 $300,000 $2,759 2.88%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 2 $590,000 $295,000 $5,284 2.75%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $580,000 $290,000 $3,135 2.69%
    Rock Springs, WY (FHA|USDA|VA) 2 $580,000 $290,000 $9,507 2.69%
    Del Rio, TX (FHA|USDA|VA) 1 $575,000 $575,000 $8,098 2.88%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $570,000 $285,000 $0 2.94%
    SPRINGFIELD, MA (FHA|USDA|VA) 3 $565,000 $188,333 $3,722 3.25%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $560,000 $280,000 $3,036 3.44%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $560,000 $280,000 $9,223 2.81%
    TEXARKANA, TX-AR (FHA|USDA|VA) 2 $550,000 $275,000 $3,760 2.50%
    Roseburg, OR (FHA|USDA|VA) 2 $550,000 $275,000 $7,506 2.50%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $550,000 $275,000 $6,338 3.00%
    Rutland, VT (FHA|USDA|VA) 1 $545,000 $545,000 $4,651 3.25%
    READING, PA (FHA|USDA|VA) 1 $545,000 $545,000 $4,403 2.63%
    BLOOMINGTON, IL (FHA|USDA|VA) 2 $540,000 $270,000 $937 2.69%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $535,000 $178,333 $6,497 3.25%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $535,000 $535,000 $9,835 2.75%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $530,000 $265,000 $3,217 2.75%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $530,000 $265,000 $4,364 3.13%
    Paris, TN (FHA|USDA|VA) 1 $525,000 $525,000 $3,731 2.75%
    Brevard, NC (FHA|USDA|VA) 1 $525,000 $525,000 $5,228 2.50%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $520,000 $260,000 $3,171 2.94%
    NAPA, CA (FHA|USDA|VA) 1 $515,000 $515,000 $4,189 2.88%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $515,000 $515,000 $0 2.75%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $515,000 $515,000 $0 3.00%
    Sonora, CA (FHA|USDA|VA) 1 $515,000 $515,000 $5,085 2.88%
    LAWTON, OK (FHA|USDA|VA) 3 $505,000 $168,333 $6,741 2.75%
    Stillwater, OK (FHA|USDA|VA) 1 $505,000 $505,000 $4,787 2.88%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $500,000 $250,000 $4,179 3.00%
    Coos Bay, OR (FHA|USDA|VA) 1 $495,000 $495,000 $5,643 2.25%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $490,000 $245,000 $5,404 2.81%
    Warrensburg, MO (FHA|USDA|VA) 2 $490,000 $245,000 $436 2.81%
    Rolla, MO (FHA|USDA|VA) 2 $490,000 $245,000 $4,575 3.06%
    SYRACUSE, NY (FHA|USDA|VA) 2 $480,000 $240,000 $6,676 2.38%
    Corsicana, TX (FHA|USDA|VA) 1 $475,000 $475,000 $7,227 2.75%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $470,000 $235,000 $3,341 3.00%
    BECKLEY, WV (FHA|USDA|VA) 2 $470,000 $235,000 $3,938 2.63%
    MOBILE, AL (FHA|USDA|VA) 2 $470,000 $235,000 $2,104 2.81%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $465,000 $465,000 $0 3.63%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $465,000 $465,000 $4,165 2.38%
    COLUMBIA, MO (FHA|USDA|VA) 2 $460,000 $230,000 $2,395 3.13%
    LONGVIEW, TX (FHA|USDA|VA) 2 $460,000 $230,000 $4,394 3.13%
    CASPER, WY (FHA|USDA|VA) 1 $455,000 $455,000 $1,821 2.25%
    Mexico, MO (FHA|USDA|VA) 2 $450,000 $225,000 $2,134 2.75%
    Paducah, KY-IL (FHA|USDA|VA) 2 $450,000 $225,000 $1,230 3.06%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 2 $450,000 $225,000 $10,193 2.75%
    JACKSONVILLE, NC (FHA|USDA|VA) 2 $440,000 $220,000 $10,091 2.75%
    Torrington, CT (FHA|USDA|VA) 2 $440,000 $220,000 $2,912 2.88%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $435,000 $435,000 $3,270 2.25%
    SPRINGFIELD, IL (FHA|USDA|VA) 2 $420,000 $210,000 $1,280 2.94%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $415,000 $415,000 $4,552 3.25%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $410,000 $205,000 $2,844 2.88%
    BURLINGTON, NC (FHA|USDA|VA) 1 $405,000 $405,000 $9,143 2.25%
    Fort Leonard Wood, MO (FHA|USDA|VA) 3 $405,000 $135,000 $5,293 3.13%
    Salina, KS (FHA|USDA|VA) 2 $400,000 $200,000 $4,650 3.31%
    CHEYENNE, WY (FHA|USDA|VA) 1 $375,000 $375,000 $3,166 2.88%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $375,000 $375,000 $3,827 2.25%
    SALISBURY, MD-DE (FHA|USDA|VA) 2 $370,000 $185,000 $14,728 3.38%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $365,000 $365,000 $3,088 2.88%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $360,000 $180,000 $2,094 2.88%
    Muscatine, IA (FHA|USDA|VA) 1 $355,000 $355,000 $3,723 2.75%
    Silver City, NM (FHA|USDA|VA) 1 $355,000 $355,000 $0 2.50%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $350,000 $175,000 $2,894 3.38%
    ROCKFORD, IL (FHA|USDA|VA) 1 $335,000 $335,000 $0 2.75%
    ROCHESTER, NY (FHA|USDA|VA) 2 $330,000 $165,000 $6,414 2.88%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $325,000 $325,000 $0 2.63%
    Spirit Lake, IA (FHA|USDA|VA) 1 $325,000 $325,000 $0 3.00%
    MODESTO, CA (FHA|USDA|VA) 1 $325,000 $325,000 $6,446 3.25%
    Shelbyville, TN (FHA|USDA|VA) 1 $315,000 $315,000 $3,305 3.63%
    LAREDO, TX (FHA|USDA|VA) 1 $315,000 $315,000 $10,204 3.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $315,000 $315,000 $2,890 4.50%
    Ozark, AL (FHA|USDA|VA) 1 $315,000 $315,000 $0 2.63%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $315,000 $315,000 $10,390 2.50%
    WHEELING, WV-OH (FHA|USDA|VA) 1 $315,000 $315,000 $2,953 2.63%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $310,000 $155,000 $3,187 3.25%
    BANGOR, ME (FHA|USDA|VA) 1 $305,000 $305,000 $6,055 2.63%
    REDDING, CA (FHA|USDA|VA) 1 $305,000 $305,000 $9,646 2.38%
    HINESVILLE, GA (FHA|USDA|VA) 3 $305,000 $101,667 $2,086 3.00%
    Sevierville, TN (FHA|USDA|VA) 1 $305,000 $305,000 $4,122 3.25%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $305,000 $305,000 $2,843 3.13%
    MADISON, WI (FHA|USDA|VA) 1 $305,000 $305,000 $2,505 2.25%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $305,000 $305,000 $9,040 2.75%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $305,000 $305,000 $1,601 2.25%
    MUSKEGON, MI (FHA|USDA|VA) 1 $295,000 $295,000 $0 3.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $295,000 $295,000 $4,929 3.25%
    Corning, NY (FHA|USDA|VA) 1 $295,000 $295,000 $17,763 2.50%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $295,000 $295,000 $4,466 3.63%
    Concord, NH (FHA|USDA|VA) 1 $295,000 $295,000 $12,271 4.25%
    DOTHAN, AL (FHA|USDA|VA) 2 $290,000 $145,000 $2,483 2.81%
    Fort Polk South, LA (FHA|USDA|VA) 2 $290,000 $145,000 $7,788 2.56%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $285,000 $285,000 $4,617 3.00%
    KINGSTON, NY (FHA|USDA|VA) 1 $285,000 $285,000 $5,402 2.50%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $285,000 $285,000 $2,949 2.75%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $285,000 $285,000 $6,296 2.25%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $280,000 $140,000 $6,538 2.69%
    Meridian, MS (FHA|USDA|VA) 1 $275,000 $275,000 $2,989 3.25%
    Mineral Wells, TX (FHA|USDA|VA) 1 $275,000 $275,000 $14,261 3.00%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $275,000 $275,000 $0 3.00%
    MISSOULA, MT (FHA|USDA|VA) 1 $275,000 $275,000 $4,568 2.88%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $270,000 $135,000 $0 3.06%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $270,000 $135,000 $3,225 2.88%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $265,000 $265,000 $9,188 3.50%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $265,000 $265,000 $6,864 3.00%
    Plattsburgh, NY (FHA|USDA|VA) 1 $265,000 $265,000 $0 4.25%
    Clarksburg, WV (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.75%
    ENID, OK (FHA|USDA|VA) 1 $265,000 $265,000 $5,756 3.00%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $265,000 $265,000 $4,235 2.25%
    Marion, NC (FHA|USDA|VA) 1 $265,000 $265,000 $4,297 2.50%
    YUBA CITY, CA (FHA|USDA|VA) 1 $255,000 $255,000 $2,518 3.13%
    BILLINGS, MT (FHA|USDA|VA) 1 $255,000 $255,000 $3,535 3.25%
    VISALIA, CA (FHA|USDA|VA) 1 $245,000 $245,000 $3,078 2.88%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $245,000 $245,000 $8,012 2.25%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $245,000 $245,000 $2,424 2.88%
    Danville, KY (FHA|USDA|VA) 1 $245,000 $245,000 $3,035 3.25%
    RACINE, WI (FHA|USDA|VA) 1 $245,000 $245,000 $2,617 3.38%
    ROME, GA (FHA|USDA|VA) 1 $235,000 $235,000 $7,991 2.38%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $235,000 $235,000 $5,579 2.75%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $235,000 $235,000 $2,617 2.50%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $235,000 $235,000 $0 2.25%
    Yankton, SD (FHA|USDA|VA) 1 $235,000 $235,000 $7,408 3.25%
    Sikeston, MO (FHA|USDA|VA) 2 $230,000 $115,000 $2,068 2.88%
    Statesboro, GA (FHA|USDA|VA) 2 $230,000 $115,000 $0 3.50%
    Auburn, NY (FHA|USDA|VA) 1 $225,000 $225,000 $4,823 3.75%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 2.63%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $225,000 $225,000 $3,729 2.88%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $225,000 $225,000 $0 2.75%
    Laurel, MS (FHA|USDA|VA) 1 $215,000 $215,000 $7,661 2.25%
    ODESSA, TX (FHA|USDA|VA) 1 $215,000 $215,000 $5,098 2.75%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 2 $210,000 $105,000 $0 3.50%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $210,000 $105,000 $5,122 2.81%
    Wabash, IN (FHA|USDA|VA) 1 $205,000 $205,000 $1,786 3.25%
    Fredericksburg, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,296 3.63%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $195,000 $195,000 $5,015 3.63%
    Bonham, TX (FHA|USDA|VA) 1 $195,000 $195,000 $2,609 3.00%
    SAGINAW, MI (FHA|USDA|VA) 1 $195,000 $195,000 $0 2.50%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $195,000 $195,000 $5,894 3.25%
    Hilo, HI (FHA|USDA|VA) 1 $195,000 $195,000 $5,410 3.00%
    Holland, MI (FHA|USDA|VA) 1 $195,000 $195,000 $6,922 2.75%
    Clovis, NM (FHA|USDA|VA) 1 $195,000 $195,000 $1,987 2.63%
    MADERA, CA (FHA|USDA|VA) 1 $185,000 $185,000 $2,938 3.25%
    Norwalk, OH (FHA|USDA|VA) 1 $185,000 $185,000 $3,084 2.50%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $185,000 $185,000 $3,095 2.63%
    VALDOSTA, GA (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.13%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $185,000 $185,000 $3,087 3.25%
    Brownwood, TX (FHA|USDA|VA) 1 $185,000 $185,000 $10,818 1.88%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.50%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $175,000 $175,000 $2,987 2.88%
    APPLETON, WI (FHA|USDA|VA) 1 $175,000 $175,000 $7,861 2.50%
    TYLER, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,922 2.75%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $165,000 $165,000 $4,574 3.00%
    Marion, OH (FHA|USDA|VA) 1 $165,000 $165,000 $1,861 2.25%
    Grants, NM (FHA|USDA|VA) 1 $165,000 $165,000 $4,996 2.63%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $165,000 $165,000 $6,493 2.75%
    MIDLAND, MI (FHA|USDA|VA) 1 $165,000 $165,000 $2,183 2.75%
    Hastings, NE (FHA|USDA|VA) 1 $155,000 $155,000 $5,275 3.63%
    Winnemucca, NV (FHA|USDA|VA) 1 $155,000 $155,000 $5,341 2.63%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $155,000 $155,000 $1,866 2.88%
    Natchez, MS-LA (FHA|USDA|VA) 1 $155,000 $155,000 $6,200 2.25%
    Fernley, NV (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.38%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $155,000 $155,000 $3,991 2.63%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $155,000 $155,000 $6,148 2.75%
    DeRidder, LA (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.75%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $145,000 $145,000 $2,837 2.63%
    Sandusky, OH (FHA|USDA|VA) 1 $145,000 $145,000 $1,415 2.25%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $145,000 $145,000 $2,480 3.25%
    Lake City, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.75%
    St. Marys, GA (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.50%
    Jacksonville, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.75%
    Poplar Bluff, MO (FHA|USDA|VA) 1 $135,000 $135,000 $3,512 3.00%
    AMES, IA (FHA|USDA|VA) 1 $135,000 $135,000 $3,242 3.63%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $135,000 $135,000 $9,355 2.63%
    Ottawa, IL (FHA|USDA|VA) 1 $135,000 $135,000 $5,871 2.75%
    Boone, NC (FHA|USDA|VA) 1 $125,000 $125,000 $3,296 2.75%
    FLINT, MI (FHA|USDA|VA) 1 $125,000 $125,000 $3,303 2.75%
    TOPEKA, KS (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.50%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.25%
    Hannibal, MO (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.00%
    Seymour, IN (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.50%
    JONESBORO, AR (FHA|USDA|VA) 1 $105,000 $105,000 $2,899 2.75%
    AMARILLO, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.00%
    Stevens Point, WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 2.25%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $75,000 $75,000 $3,004 3.13%
    Central City, KY (FHA|USDA|VA) 1 $75,000 $75,000 $3,886 2.63%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $65,000 $65,000 $3,550 2.25%
    Paramount Bank's top markets include St. Louis, Dallas, New York, Washington, and Austin among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,551 $724,125,000 $283,859 $2,988 2.92%
    VA 866 $374,790,000 $432,783 $8,161 2.61%
    FHA 218 $54,850,000 $251,606 $7,612 2.84%
    USDA 7 $1,745,000 $249,286 $4,580 2.77%

    For 2021, Paramount Bank's most frequently originated type of loan was Conventional, with 2,551 originations. Their 2nd most popular type was VA, with 866 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,567 $547,035,000 $349,097 $6,222 2.88%
    Refi 1,180 $329,360,000 $279,119 $2,550 2.70%
    Cash Out Refi 685 $215,925,000 $315,219 $4,294 2.97%
    Other 210 $63,190,000 $300,905 $3,652 2.94%

    For 2021, Paramount Bank's most frequently cited loan purpose was Home Purchase, with 1,567 originations. The 2nd most popular reason was Refi, with 1,180 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,197 $1,044,075,000 $326,580 $4,804 2.88%
    15 Year 287 $72,635,000 $253,084 $2,669 2.47%
    20 Year 88 $22,380,000 $254,318 $2,573 2.81%
    Other 36 $9,840,000 $273,333 $2,634 2.84%
    10 Year 34 $6,580,000 $193,529 $2,198 2.43%

    For 2021, Paramount Bank's most frequently cited loan duration was 30 Year, with 3,197 originations. The 2nd most popular length was 15 Year, with 287 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,753 $580,445,000 $331,115
    $1k-2k 1,051 $303,915,000 $289,167
    $2k-3k 212 $68,240,000 $321,887
    $3k-4k 127 $42,995,000 $338,543
    $5k+ 120 $72,320,000 $602,667
    $4k-5k 80 $30,750,000 $384,375

    Paramount Bank's average total fees were $4,804, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,753 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,967 $614,615,000 $312,463
    <2.5% 829 $327,105,000 $394,578
    3-4% 791 $200,235,000 $253,142
    4-5% 55 $13,555,000 $246,455

    During 2021, Paramount Bank's average interest rate for loans was 2.88%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,967 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,767 $508,105,000 $287,552 $4,298 2.83%
    $100k-200k 930 $143,760,000 $154,581 $2,838 2.92%
    $400k-600k 645 $310,495,000 $481,388 $4,844 2.76%
    $600k-1MM 127 $95,645,000 $753,110 $10,856 2.68%
    $100,000 or less 119 $9,545,000 $80,210 $2,804 3.15%
    $1MM+ 54 $87,960,000 $1,628,889 $23,522 2.44%

    2021 saw Paramount Bank place emphasis on $200k-400k loans with 1,767 originations, totaling $508,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 925 $296,425,000 $320,459 $4,513 2.88%
    $150k-250k 653 $259,245,000 $397,006 $4,601 2.83%
    $50k-75k 627 $139,645,000 $222,719 $4,510 2.92%
    $75k-100k 600 $161,490,000 $269,150 $4,566 2.87%
    $250k+ 309 $176,635,000 $571,634 $5,898 2.80%
    $50k or less 286 $46,000,000 $160,839 $3,656 2.93%

    Paramount Bank lent most frequently to those with incomes in the $100k-150k range, with 925 originations. The second most popular income band? $150k-250k, with 653 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 808 $245,790,000 $304,196 $3,718 2.83%
    30-36% 618 $192,860,000 $312,071 $4,407 2.88%
    <20% 368 $102,470,000 $278,451 $2,547 2.76%
    50-60% 163 $71,065,000 $435,982 $9,418 2.75%
    44% 133 $44,985,000 $338,233 $5,653 2.97%
    40% 129 $36,265,000 $281,124 $5,021 2.95%
    41% 119 $38,485,000 $323,403 $5,039 2.94%
    38% 117 $38,325,000 $327,564 $5,018 2.95%
    39% 109 $32,705,000 $300,046 $4,300 2.93%
    37% 108 $36,700,000 $339,815 $4,537 2.92%
    42% 103 $32,615,000 $316,650 $4,680 2.99%
    43% 102 $31,730,000 $311,078 $5,100 2.99%
    36% 92 $27,200,000 $295,652 $4,374 2.96%
    48% 87 $26,295,000 $302,241 $4,707 2.89%
    45% 83 $25,235,000 $304,036 $4,577 2.94%
    46% 79 $25,705,000 $325,380 $5,738 2.93%
    47% 78 $32,160,000 $412,308 $6,605 2.93%
    49% 73 $21,175,000 $290,068 $5,147 2.96%
    >60% 37 $19,685,000 $532,027 $9,586 2.66%

    Paramount Bank lent most frequently to those with DTI ratios of 20-30%, with 808 originations. The next most common DTI ratio? 30-36%, with 618 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,932 $913,380,000 $311,521 $4,242 2.84%
    Not provided 381 $123,035,000 $322,927 $5,345 2.86%
    Black 176 $60,770,000 $345,284 $6,844 2.91%
    Asian 139 $53,095,000 $381,978 $5,032 2.81%
    American Indian 11 $4,415,000 $401,364 $7,312 2.84%
    Native Hawaiian or Islander 2 $480,000 $240,000 $2,778 3.00%
    Asian Indian 1 $335,000 $335,000 $6,386 2.75%

    Approval Rates

    Total approvals of all applications
    92.20%

    Paramount Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    47.58%

    Paramount Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,642 $1,155,510,000 $317,273

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,642 $1,155,510,000 $317,273

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 160 $43,820,000 $273,875 $2,903 2.71%
    40-60% 575 $153,515,000 $266,983 $2,918 2.77%
    60-80% 1,380 $396,150,000 $287,065 $3,115 2.94%
    80-100% 1,401 $498,125,000 $355,550 $5,425 2.81%
    Over 100% 113 $60,325,000 $533,850 $18,029 2.67%
    Under 20% 12 $3,350,000 $279,167 $2,813 2.78%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Paramount GR Holdings, LLC Conventional home mortgage Closing on a mortgage 3 33.3%
    Paramount GR Holdings, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    Paramount GR Holdings, LLC FHA mortgage Struggling to pay mortgage 1 11.1%
    Paramount GR Holdings, LLC Home equity loan or line of credit (HELOC) Trouble during payment process 1 11.1%
    Paramount GR Holdings, LLC Other type of mortgage Closing on a mortgage 2 22.2%
    Paramount GR Holdings, LLC Other type of mortgage Trouble during payment process 1 11.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Paramount Bank 90 Village Square Shopping Center Hazelwood, MO 63042 Full Service B&M $192,650

    For 2021, Paramount Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,495
    Net interest income $3,169
    Total noninterest income $39,681
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $6
    Trading account gains and fees $0
    Additional Noninterest Income $39,675
    Pre-tax net operating income $-5,918
    Securities gains (or losses, -) $0
    Income before extraordinary items $-4,258
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-4,258
    Minority interest net income $0
    Net income $-4,258
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-4,258

    Paramount Bank's gross interest income from loans was $4,495,000.
    Paramount Bank's net interest income from loans was $3,169,000.
    Paramount Bank's fee based income from loans was $6,000.
    Paramount Bank's net income from loans was $-4,258,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,326
    Provision for credit losses $0
    Total noninterest expense $48,768
    Salaries and employee benefits $26,332
    Premises and equipment expense $2,290
    Additional noninterest expense $20,146
    Applicable income taxes $-1,660
    Net charge-offs $0
    Cash dividends $0

    Paramount Bank's interest expense for loans was $1,326,000.
    Paramount Bank's payroll and benefits expense were $26,332,000.
    Paramount Bank's property, plant and equipment expenses $2,290,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $127,157
    Deposits held in domestic offices $127,157
    Deposits by Individuals, partnerships, and corporations $104,919
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,683
    Deposits by Commercial banks and other depository institutions in U.S. $17,555
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $51,705
    Demand deposits $51,705
    Nontransaction accounts $75,452
    Money market deposit accounts (MMDAs) $8,892
    Other savings deposits (excluding MMDAs) $411
    Total time deposits $66,151
    Total time and savings deposits $75,452
    Noninterest-bearing deposits $4,074
    Interest-bearing deposits $123,083
    Retail deposits $104,296
    IRAs and Keogh plan accounts $1,658
    Brokered deposits $14,451
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $153,010
    Cash & Balances due from depository institutions $67,561
    Interest-bearing balances $67,346
    Total securities $1,612
    Federal funds sold & reverse repurchase $0
    Net loans and leases $74,395
    Loan and leases loss allowance $938
    Trading account assets $0
    Bank premises and fixed assets $1,474
    Other real estate owned $1,050
    Goodwill and other intangibles $655
    All other assets $6,263

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $153,010
    Total Liabilities $135,069
    Total deposits $127,157
    Interest-bearing deposits $123,083
    Deposits held in domestic offices $127,157
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $3,912

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $74,395
    Loan and leases loss allowance $938
    Total loans and leases (domestic) $75,333
    All real estate loans $69,429
    Real estate loans in domestic offices $69,429
    Construction and development loans $754
    Residential 1-4 family construction $754
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $8,169
    Nonfarm nonresidential secured by owner-occupied properties $1,800
    Commercial real estate & other non-farm, non-residential $6,369
    Multifamily residential real estate $1,818
    1-4 family residential loans $58,688
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $3,133
    To non-U.S. addressees $0
    Loans to individuals $2,770
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $2,770
    All other loans & leases $1
    Loans to foreign governments and official institutions $0
    Other loans $1
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Paramount Bank had $74,395,000 of loans outstanding in 2021. $69,429,000 of loans were in real estate loans. $754,000 of loans were in development loans. $1,818,000 of loans were in multifamily mortgage loans. $58,688,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 12 $3,792 $316,000
    Nonfarm, nonresidential loans - <$100k 1 $81 $81,000
    Nonfarm, nonresidential loans - $100-250k 5 $684 $136,800
    Nonfarm, nonresidential loans - $250k-1MM 6 $3,027 $504,500
    Commercial & Industrial, US addressed loans - <$1MM 6 $2,544 $424,000
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $2,544 $424,000