Premier Members Credit Union Mortgage Rates, Fees & Info
Boulder, COLEI: 549300LG5340S24M4N89
Tax ID: 84-0500890
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Premier Members Credit Union is a smaller credit union specializing in Home Improvement, Home Purchase, and Refi loans. Premier Members Credit Union 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.) Their top markets by origination volume include: Denver, Boulder, Greeley, Fort Collins, and Breckenridge among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Premier Members Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Premier Members Credit Union 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/1/23 |
| 30 Year Conventional Purchase | 6.32% | 4/1/23 |
| 30 Year Conventional Refi | 6.36% | 4/1/23 |
| 30 Year Cash-out Refi | 6.55% | 4/1/23 |
| 30 Year FHA Purchase | 7.14% | 4/1/23 |
| 15 Year Conventional Purchase | 5.73% | 4/1/23 |
| 15 Year Conventional Refi | 5.80% | 4/1/23 |
| 15 Year Cash-out Refi | 5.80% | 4/1/23 |
| 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. | ||
Premier Members Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Premier Members Credit Union. 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
1,771Origination Dollar Volume (All Markets)
$318,625,000Relative Rate
Premier Members Credit Union's average 30 year fixed mortgage rate was
4.34%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.42%.
Relative Fees (Closing Costs)
Premier Members Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,670.
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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 906 | $161,190,000 | $177,914 | $6,407 | 4.93% |
| BOULDER, CO (FHA|USDA|VA) | 387 | $79,565,000 | $205,594 | $6,493 | 4.61% |
| GREELEY, CO (FHA|USDA|VA) | 239 | $37,165,000 | $155,502 | $6,503 | 5.03% |
| FORT COLLINS, CO (FHA|USDA|VA) | 132 | $20,530,000 | $155,530 | $5,786 | 4.80% |
| Breckenridge, CO (FHA|USDA|VA) | 9 | $4,365,000 | $485,000 | $8,009 | 4.32% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 29 | $4,135,000 | $142,586 | $4,446 | 4.91% |
| Outside of Metro Areas | 20 | $4,000,000 | $200,000 | $4,255 | 4.66% |
| PUEBLO, CO (FHA|USDA|VA) | 22 | $2,700,000 | $122,727 | $3,747 | 5.57% |
| Edwards, CO (FHA|USDA|VA) | 8 | $2,050,000 | $256,250 | $3,294 | 4.97% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 5.13% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 5.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,908 | 5.25% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 5 | $355,000 | $71,000 | $0 | 5.50% |
| Cañon City, CO (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $7,139 | 4.69% |
| Durango, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.75% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,149 | 5.63% |
| Montrose, CO (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 5.25% |
| Scottsbluff, NE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,779 | 3.25% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,561 | 5.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against PREMIER MEMBERS CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 138
Similarity Rank: 588
Similarity Rank: 648
Similarity Rank: 768
Similarity Rank: 1078
Similarity Rank: 1116
Similarity Rank: 1464
Similarity Rank: 1638
Similarity Rank: 1932
Similarity Rank: 1962
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,513 | $202,965,000 | $134,147 | n/a | 4.97% |
| Conventional | 257 | $115,145,000 | $448,035 | $6,140 | 4.23% |
| FHA | 1 | $515,000 | $515,000 | $13,984 | 6.75% |
For 2022, Premier Members Credit Union's most frequently originated type of loan was HELOC, with 1,513 originations. Their 2nd most popular type was Conventional, with 257 originations.
Loan Reason
For 2022, Premier Members Credit Union's most frequently cited loan purpose was Home Improvement, with 846 originations. The 2nd most popular reason was Other, with 475 originations.
Loan Duration/Length
For 2022, Premier Members Credit Union's most frequently cited loan duration was Other, with 1,515 originations. The 2nd most popular length was 30 Year, with 157 originations.
Origination Fees/Closing Costs
Premier Members Credit Union's average total fees were $5,670, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 79 originations.
Interest Rates
During 2022, Premier Members Credit Union's average interest rate for loans was 4.34%, while their most frequently originated rate bucket for loans was 3-4%, with 798 originations.
Loan Sizing
2022 saw Premier Members Credit Union place emphasis on $100,000 or less loans with 902 originations, totaling $64,990,000 in origination value.
Applicant Income
Premier Members Credit Union lent most frequently to those with incomes in the $100k-150k range, with 494 originations. The second most popular income band? $150k-250k, with 486 originations.
Applicant Debt to Income Ratio
Premier Members Credit Union lent most frequently to those with DTI ratios of 20-30%, with 362 originations. The next most common DTI ratio? 30-36%, with 305 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.58%
Premier Members Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination67.08%
Premier Members Credit Union 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 | 1,771 | $318,625,000 | $179,912 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PRIMARY RESIDENTIAL MORTGAGE | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| PRIMARY RESIDENTIAL MORTGAGE | VA mortgage | Trouble during payment process | 1 | 50.0% |