Premier Members Credit Union Mortgage Rates, Fees & Info
Boulder, COLEI: 549300LG5340S24M4N89
Tax ID: 84-0500890
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Mortgage Data
Review & Overview
Premier Members Credit Union is a smaller credit union specializing in Home Improvement, Refi, and Home Purchase 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 Colorado Springs among others. We have data for 23 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/21/24 |
| 30 Year Conventional Purchase | 6.32% | 11/21/24 |
| 30 Year Conventional Refi | 6.36% | 11/21/24 |
| 30 Year Cash-out Refi | 6.55% | 11/21/24 |
| 30 Year FHA Purchase | 7.14% | 11/21/24 |
| 15 Year Conventional Purchase | 5.73% | 11/21/24 |
| 15 Year Conventional Refi | 5.80% | 11/21/24 |
| 15 Year Cash-out Refi | 5.80% | 11/21/24 |
| 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
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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
1,753Origination Dollar Volume (All Markets)
$341,855,000Top 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) | 816 | $156,350,000 | $191,605 | $4,771 | 3.84% |
| BOULDER, CO (FHA|USDA|VA) | 466 | $99,040,000 | $212,532 | $4,402 | 3.48% |
| GREELEY, CO (FHA|USDA|VA) | 202 | $33,650,000 | $166,584 | $4,314 | 3.80% |
| FORT COLLINS, CO (FHA|USDA|VA) | 134 | $25,740,000 | $192,090 | $4,666 | 3.61% |
| Outside of Metro Areas | 40 | $6,910,000 | $172,750 | $4,272 | 3.85% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 21 | $5,515,000 | $262,619 | $5,961 | 3.95% |
| PUEBLO, CO (FHA|USDA|VA) | 32 | $4,420,000 | $138,125 | $3,961 | 4.03% |
| Edwards, CO (FHA|USDA|VA) | 5 | $1,665,000 | $333,000 | $11,664 | 4.13% |
| Breckenridge, CO (FHA|USDA|VA) | 7 | $1,485,000 | $212,143 | $0 | 3.89% |
| SANTA FE, NM (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $4,966 | 3.21% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $4,705 | 2.79% |
| BILLINGS, MT (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $4,871 | 3.13% |
| Gillette, WY (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $6,214 | 2.83% |
| Montrose, CO (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $4,591 | 4.53% |
| Glenwood Springs, CO (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 3.75% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,869 | 3.92% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $10,549 | 3.19% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,929 | 3.13% |
| Taos, NM (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,209 | 2.75% |
| Durango, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,566 | 3.25% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,409 | 3.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,417 | 2.75% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.25% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,158 | $146,070,000 | $126,140 | n/a | 4.12% |
| Conventional | 595 | $195,785,000 | $329,050 | $4,585 | 2.95% |
For 2021, Premier Members Credit Union's most frequently originated type of loan was HELOC, with 1,158 originations. Their 2nd most popular type was Conventional, with 595 originations.
Loan Reason
For 2021, Premier Members Credit Union's most frequently cited loan purpose was Home Improvement, with 598 originations. The 2nd most popular reason was Refi, with 516 originations.
Loan Duration/Length
For 2021, Premier Members Credit Union's most frequently cited loan duration was Other, with 1,160 originations. The 2nd most popular length was 30 Year, with 441 originations.
Origination Fees/Closing Costs
Premier Members Credit Union's average total fees were $4,894, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 210 originations.
Interest Rates
During 2021, Premier Members Credit Union's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 3-4%, with 1,091 originations.
Loan Sizing
2021 saw Premier Members Credit Union place emphasis on $100,000 or less loans with 751 originations, totaling $52,225,000 in origination value.
Applicant Income
Premier Members Credit Union lent most frequently to those with incomes in the $100k-150k range, with 451 originations. The second most popular income band? $150k-250k, with 451 originations.
Applicant Debt to Income Ratio
Premier Members Credit Union lent most frequently to those with DTI ratios of 20-30%, with 404 originations. The next most common DTI ratio? 30-36%, with 294 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.68%
Premier Members Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination61.95%
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 | 1,753 | $341,855,000 | $195,011 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Premier Mortgage, LLC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| Premier Mortgage, LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 66.7% |