Paramount Bank Mortgage Rates, Fees & Info
Hazelwood, MOLEI: 549300KW3HYVC06WS898
Tax ID: 81-0647272
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Mortgage Data
Review & Overview
Paramount Bank is a smaller bank specializing in Home Purchase loans. Paramount Bank 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: St. Louis, Tampa, Chicago, Houston, and New York among others. We have data for 180 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.75% | 12/17/24 |
| 30 Year Conventional Refi | 6.48% | 12/17/24 |
| 30 Year Cash-out Refi | 6.77% | 12/17/24 |
| 30 Year FHA Purchase | 7.13% | 12/17/24 |
| 30 Year FHA Refi | 7.61% | 12/17/24 |
| 30 Year VA Purchase | 6.66% | 12/17/24 |
| 30 Year VA Refi | 5.72% | 12/17/24 |
| 30 Year USDA Purchase | 6.66% | 12/17/24 |
| 15 Year Conventional Purchase | 6.26% | 12/17/24 |
| 15 Year Conventional Refi | 6.04% | 12/17/24 |
| 15 Year Cash-out Refi | 6.04% | 12/17/24 |
| 15 Year VA Purchase | 5.68% | 12/17/24 |
| 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. | ||
Paramount Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,053Origination Dollar Volume (All Markets)
$322,465,000Awards
Paramount Bank - 2022
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For 2022, less than of lenders were eligible for this award.
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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) | 447 | $132,375,000 | $296,141 | $3,820 | 4.96% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 54 | $17,820,000 | $330,000 | $8,220 | 5.12% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 57 | $17,615,000 | $309,035 | $7,614 | 5.62% |
| Outside of Metro Areas | 39 | $9,955,000 | $255,256 | $7,086 | 4.69% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 25 | $7,755,000 | $310,200 | $6,943 | 4.83% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 16 | $6,920,000 | $432,500 | $9,064 | 4.71% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 26 | $6,880,000 | $264,615 | $3,737 | 4.85% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 20 | $5,410,000 | $270,500 | $7,799 | 4.54% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $4,410,000 | $735,000 | $7,650 | 4.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $3,360,000 | $420,000 | $9,492 | 4.78% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 11 | $3,325,000 | $302,273 | $8,020 | 5.43% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 9 | $3,015,000 | $335,000 | $13,763 | 5.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 12 | $2,650,000 | $220,833 | $7,329 | 4.59% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $2,390,000 | $398,333 | $5,954 | 4.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $2,355,000 | $785,000 | $7,241 | 3.54% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $2,200,000 | $1,100,000 | $9,194 | 5.56% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $2,180,000 | $363,333 | $8,809 | 5.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,985,000 | $397,000 | $10,053 | 4.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,975,000 | $658,333 | $19,597 | 4.79% |
| Outside of Metro Areas | 2 | $1,970,000 | $985,000 | $22,339 | 3.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $1,935,000 | $276,429 | $9,110 | 4.29% |
| SAVANNAH, GA (FHA|USDA|VA) | 6 | $1,860,000 | $310,000 | $7,005 | 5.17% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $1,660,000 | $830,000 | $10,707 | 6.31% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,650,000 | $275,000 | $6,803 | 5.04% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,645,000 | $548,333 | $13,783 | 3.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $1,600,000 | $400,000 | $9,794 | 5.34% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $1,530,000 | $765,000 | $8,333 | 3.56% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $2,466 | 3.95% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,450,000 | $362,500 | $6,858 | 5.19% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $1,450,000 | $362,500 | $5,097 | 4.75% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $1,385,000 | $1,385,000 | $3,550 | 5.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $5,088 | 4.79% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $8,556 | 4.44% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $4,985 | 3.88% |
| Jackson, WY-ID (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $11,249 | 5.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $6,491 | 3.94% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $16,733 | 6.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $11,218 | 4.83% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $6,227 | 4.91% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $16,158 | 5.08% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $1,120,000 | $560,000 | $22,066 | 5.25% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $9,767 | 4.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $16,731 | 4.31% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $3,583 | 4.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $2,570 | 5.25% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $3,098 | 4.91% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $5,743 | 4.45% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $5,629 | 4.63% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $9,640 | 3.54% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $5,255 | 5.31% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $11,462 | 4.72% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $8,654 | 3.81% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $5,532 | 5.13% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $36,703 | 2.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $5,810 | 3.56% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $6,046 | 4.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $5,037 | 5.13% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $8,648 | 5.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 5 | $745,000 | $149,000 | $6,639 | 4.90% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $7,288 | 4.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $8,324 | 4.17% |
| HINESVILLE, GA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $10,196 | 4.83% |
| Athens, TX (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $7,664 | 4.21% |
| Lewisburg, TN (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $6,514 | 4.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $4,094 | 4.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $3,755 | 3.84% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $5,441 | 4.06% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $5,261 | 4.94% |
| Key West, FL (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $12,446 | 4.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $6,848 | 4.94% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $7,386 | 4.56% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $9,174 | 4.75% |
| GADSDEN, AL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $5,544 | 3.94% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $10,692 | 3.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $7,158 | 4.38% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $12,533 | 5.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $12,099 | 4.38% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $2,887 | 4.83% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $5,870 | 4.25% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $7,887 | 3.31% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,742 | 3.94% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $2,343 | 5.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,957 | 5.38% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,690 | 5.25% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $16,620 | 5.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $7,239 | 4.25% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,708 | 3.88% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,196 | 5.25% |
| FAIRBANKS, AK (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,988 | 3.13% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $14,998 | 3.25% |
| READING, PA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $17,054 | 4.63% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,171 | 4.06% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,756 | 4.75% |
| Dickinson, ND (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,454 | 4.75% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $8,231 | 5.44% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $9,592 | 3.38% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,377 | 3.88% |
| Columbus, MS (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $5,611 | 4.54% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $5,963 | 3.63% |
| BEND, OR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $14,006 | 3.75% |
| CASPER, WY (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $15,435 | 4.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 5.50% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,854 | 5.25% |
| OCALA, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,359 | 4.31% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,089 | 6.69% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 6.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,304 | 3.88% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,280 | 5.13% |
| Helena, MT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $12,216 | 7.13% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $9,809 | 6.13% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,236 | 5.50% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,935 | 3.25% |
| Marion, IN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,971 | 4.44% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $11,947 | 5.13% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $11,102 | 3.63% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,761 | 3.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,088 | 5.88% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,624 | 5.25% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $14,198 | 4.13% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,340 | 5.13% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,969 | 4.25% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,100 | 3.88% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $19,151 | 2.50% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $13,629 | 3.63% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $15,451 | 3.25% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $17,894 | 2.88% |
| Granbury, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $14,762 | 4.38% |
| RACINE, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,897 | 5.38% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,138 | 4.25% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $18,789 | 3.25% |
| Atmore, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,952 | 3.25% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,430 | 5.75% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,335 | 4.25% |
| Rock Springs, WY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,377 | 5.25% |
| DuBois, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,504 | 5.63% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,836 | 4.88% |
| Brenham, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,831 | 3.75% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,132 | 3.38% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,833 | 5.88% |
| SYRACUSE, NY (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $8,980 | 4.63% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,449 | 4.25% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,236 | 3.13% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,422 | 5.75% |
| AMES, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,434 | 3.25% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,015 | 4.13% |
| ROME, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,393 | 5.38% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,643 | 3.13% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,941 | 3.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,960 | 3.63% |
| Fallon, NV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,175 | 2.75% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,436 | 5.13% |
| Rolla, MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,213 | 3.75% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,484 | 5.63% |
| Mount Gay-Shamrock, WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,446 | 5.63% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,097 | 4.00% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,365 | 3.38% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.38% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,194 | 3.63% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,651 | 6.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,267 | 5.13% |
| Albertville, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,082 | 3.13% |
| Hannibal, MO (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 4.63% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,385 | 3.88% |
| AKRON, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,920 | 3.88% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,188 | 6.13% |
| Gillette, WY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,061 | 5.25% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,902 | 6.00% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,038 | 4.63% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,032 | 5.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,247 | 3.38% |
| Alpena, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.13% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,841 | 6.50% |
| Ottumwa, IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,300 | 7.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.13% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,538 | 3.63% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,578 | 6.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.75% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,311 | 4.25% |
| Plainview, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,965 | 3.25% |
| Effingham, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,718 | 6.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Paramount Bank 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 2022, Paramount Bank's most frequently originated type of loan was Conventional, with 760 originations. Their 2nd most popular type was FHA, with 151 originations.
Loan Reason
For 2022, Paramount Bank's most frequently cited loan purpose was Home Purchase, with 785 originations. The 2nd most popular reason was Cash Out Refi, with 186 originations.
Loan Duration/Length
For 2022, Paramount Bank's most frequently cited loan duration was 30 Year, with 975 originations. The 2nd most popular length was 15 Year, with 37 originations.
Origination Fees/Closing Costs
Paramount Bank's average total fees were $6,218, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 375 originations.
Interest Rates
During 2022, Paramount Bank's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 5-6%, with 356 originations.
Loan Sizing
2022 saw Paramount Bank place emphasis on $200k-400k loans with 472 originations, totaling $133,460,000 in origination value.
Applicant Income
Paramount Bank lent most frequently to those with incomes in the $100k-150k range, with 226 originations. The second most popular income band? $150k-250k, with 206 originations.
Applicant Debt to Income Ratio
Paramount Bank lent most frequently to those with DTI ratios of 20-30%, with 198 originations. The next most common DTI ratio? 30-36%, with 172 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.10%
Paramount Bank 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-2.47%
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 | 1,053 | $322,465,000 | $306,235 |