Premier Members Credit Union Mortgage Rates, Fees & Info

Boulder, CO

LEI: 549300LG5340S24M4N89

Tax ID: 84-0500890

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

    Premier Members Credit Union is a smaller credit union specializing in Refi loans. Premier Members Credit Union has a high proportion of conventional loans. 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 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
    Home Equity Line of Credit (HELOC) 6.27% 4/21/24
    30 Year Conventional Purchase 6.32% 4/21/24
    30 Year Conventional Refi 6.36% 4/21/24
    30 Year Cash-out Refi 6.55% 4/21/24
    30 Year FHA Purchase 7.14% 4/21/24
    15 Year Conventional Purchase 5.73% 4/21/24
    15 Year Conventional Refi 5.80% 4/21/24
    15 Year Cash-out Refi 5.80% 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.

    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

    1,502

    Origination Dollar Volume (All Markets)

    $311,530,000

    Awards

    PREMIER MEMBERS CREDIT UNION 30 Year Conventional Loans gold
    Show all (1) 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
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 658 $131,690,000 $200,137 $4,294 3.80%
    BOULDER, CO (FHA|USDA|VA) 491 $109,135,000 $222,271 $4,526 3.45%
    GREELEY, CO (FHA|USDA|VA) 151 $33,475,000 $221,689 $4,523 3.68%
    FORT COLLINS, CO (FHA|USDA|VA) 128 $22,920,000 $179,063 $3,991 3.51%
    Breckenridge, CO (FHA|USDA|VA) 8 $2,680,000 $335,000 $7,737 3.61%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $2,360,000 $590,000 $8,413 3.00%
    Edwards, CO (FHA|USDA|VA) 4 $2,250,000 $562,500 $7,600 3.66%
    PUEBLO, CO (FHA|USDA|VA) 13 $1,545,000 $118,846 $5,446 3.95%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 17 $1,485,000 $87,353 $2,825 4.27%
    Outside of Metro Areas 12 $1,470,000 $122,500 $4,050 4.06%
    Steamboat Springs, CO (FHA|USDA|VA) 5 $525,000 $105,000 $3,761 3.65%
    Durango, CO (FHA|USDA|VA) 2 $520,000 $260,000 $3,526 3.44%
    Glenwood Springs, CO (FHA|USDA|VA) 2 $400,000 $200,000 $4,289 4.19%
    GRAND JUNCTION, CO (FHA|USDA|VA) 2 $310,000 $155,000 $3,034 2.69%
    SANTA FE, NM (FHA|USDA|VA) 1 $225,000 $225,000 $6,754 2.50%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $155,000 $155,000 $2,392 2.88%
    Fort Morgan, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.75%
    TUCSON, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $3,015 2.75%
    Sterling, CO (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.75%
    Premier Members Credit Union's top markets include Denver, Boulder, Greeley, Fort Collins, and Breckenridge among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)

    • 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.

    SunWest Credit Union
    Similarity Rank: 420
    The District Federal Credit Union
    Similarity Rank: 441
    PREMIER MORTGAGE SERVICES, INC.
    Similarity Rank: 576
    DENVER COMMUNITY
    Similarity Rank: 732
    United Fidelity Bank, fsb
    Similarity Rank: 792
    LANDED HOME LOANS LLC
    Similarity Rank: 1040
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 1175
    FOOTHILLS
    Similarity Rank: 1336
    WHITE CROWN FEDERAL CREDIT UNION
    Similarity Rank: 2260
    DHA FINANCIAL, LLC
    Similarity Rank: 2616

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 802 $89,690,000 $111,833 n/a 4.17%
    Conventional 700 $221,840,000 $316,914 $4,427 3.05%

    For 2020, Premier Members Credit Union's most frequently originated type of loan was HELOC, with 802 originations. Their 2nd most popular type was Conventional, with 700 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 591 $171,995,000 $291,024 $4,230 3.12%
    Home Improvement 389 $40,905,000 $105,154 $0 4.05%
    Other 285 $27,895,000 $97,877 $835 4.23%
    Home Purchase 195 $59,305,000 $304,128 $5,339 3.72%
    Cash Out Refi 42 $11,430,000 $272,143 $4,370 3.03%

    For 2020, Premier Members Credit Union's most frequently cited loan purpose was Refi, with 591 originations. The 2nd most popular reason was Home Improvement, with 389 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 817 $93,875,000 $114,902 $4,446 4.15%
    30 Year 470 $163,310,000 $347,468 $4,692 3.16%
    15 Year 114 $27,270,000 $239,211 $3,621 2.69%
    20 Year 87 $24,405,000 $280,517 $4,267 2.89%
    10 Year 11 $1,765,000 $160,455 $3,277 3.30%
    5 Year 3 $905,000 $301,667 $2,709 3.13%

    For 2020, Premier Members Credit Union's most frequently cited loan duration was Other, with 817 originations. The 2nd most popular length was 30 Year, with 470 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 274 $83,900,000 $306,204
    $2k-3k 100 $20,060,000 $200,600
    $3k-4k 98 $27,260,000 $278,163
    $4k-5k 85 $29,195,000 $343,471
    $5k+ 76 $43,460,000 $571,842
    $1k-2k 67 $17,965,000 $268,134

    Premier Members Credit Union's average total fees were $4,692, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 274 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 775 $155,425,000 $200,548
    2.5-3% 377 $111,205,000 $294,973
    4-5% 137 $17,105,000 $124,854
    5-6% 93 $9,225,000 $99,194
    <2.5% 62 $13,170,000 $212,419
    6-7% 41 $3,855,000 $94,024
    7-8% 10 $910,000 $91,000
    Over 8% 7 $635,000 $90,714

    During 2020, Premier Members Credit Union's average interest rate for loans was 3.16%, while their most frequently originated rate bucket for loans was 3-4%, with 775 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 558 $36,610,000 $65,609 $2,802 4.19%
    $200k-400k 501 $144,085,000 $287,595 $4,221 3.25%
    $100k-200k 280 $42,770,000 $152,750 $3,380 3.50%
    $400k-600k 133 $63,685,000 $478,835 $5,396 3.26%
    $600k-1MM 25 $17,875,000 $715,000 $7,934 3.34%
    $1MM+ 5 $6,505,000 $1,301,000 $14,835 3.33%

    2020 saw Premier Members Credit Union place emphasis on $100,000 or less loans with 558 originations, totaling $36,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 409 $91,825,000 $224,511 $4,650 3.62%
    $150k-250k 331 $74,245,000 $224,305 $4,915 3.80%
    $50k-75k 280 $47,390,000 $169,250 $3,926 3.54%
    $75k-100k 261 $50,395,000 $193,084 $4,145 3.63%
    $50k or less 112 $13,660,000 $121,964 $3,685 3.57%
    $250k+ 94 $30,390,000 $323,298 $6,108 3.81%

    Premier Members Credit Union lent most frequently to those with incomes in the $100k-150k range, with 409 originations. The second most popular income band? $150k-250k, with 331 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 384 $81,770,000 $212,943 $4,371 3.50%
    30-36% 261 $54,725,000 $209,674 $4,378 3.62%
    <20% 143 $30,665,000 $214,441 $4,372 3.41%
    50-60% 119 $15,785,000 $132,647 $4,030 4.23%
    41% 59 $11,995,000 $203,305 $4,520 3.59%
    36% 53 $12,155,000 $229,340 $4,679 3.66%
    44% 49 $13,255,000 $270,510 $4,638 3.66%
    40% 45 $10,455,000 $232,333 $4,381 3.74%
    38% 45 $9,965,000 $221,444 $4,700 3.74%
    39% 44 $10,360,000 $235,455 $4,371 3.47%
    42% 42 $8,570,000 $204,048 $5,078 3.57%
    45% 40 $7,700,000 $192,500 $4,151 3.83%
    37% 39 $7,735,000 $198,333 $4,663 3.62%
    43% 37 $8,375,000 $226,351 $4,125 3.49%
    48% 36 $8,100,000 $225,000 $4,832 3.77%
    46% 35 $6,855,000 $195,857 $4,225 3.63%
    49% 29 $4,325,000 $149,138 $4,386 3.96%
    47% 28 $6,850,000 $244,643 $4,690 3.86%
    >60% 13 $1,855,000 $142,692 $835 4.94%

    Premier Members Credit Union lent most frequently to those with DTI ratios of 20-30%, with 384 originations. The next most common DTI ratio? 30-36%, with 261 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,348 $273,440,000 $202,849 $4,442 3.68%
    Not provided 90 $25,860,000 $287,333 $4,371 3.16%
    Asian 47 $10,265,000 $218,404 $4,214 3.71%
    American Indian 7 $955,000 $136,429 $6,012 4.48%
    Black 6 $730,000 $121,667 $4,285 3.56%
    Not applicable 2 $130,000 $65,000 $0 3.75%
    Other Pacific Islander 1 $95,000 $95,000 $0 3.75%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    87.86%

    Premier Members Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.22%

    Premier Members Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,502 $311,530,000 $207,410

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $265,000 $265,000
    Single Family (1-4 Units):Site-Built 1,501 $311,265,000 $207,372

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 328 $53,240,000 $162,317 $3,329 3.74%
    40-60% 230 $57,810,000 $251,348 $3,681 3.11%
    60-80% 304 $113,400,000 $373,026 $5,067 3.17%
    80-100% 129 $49,345,000 $382,519 $5,049 3.28%
    Under 20% 511 $37,735,000 $73,845 $2,711 4.21%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Premier Mortgage, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%