Premier Financial Mortgage Rates, Fees & Info

New Holstein, WI

LEI: 549300NAKTEGLTFF0U82

Tax ID: 39-1020437

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Financial is a smaller mortgage company specializing in Refi loans. Premier Financial has a high proportion of conventional loans. Their top (well, only) market is Appleton.

    Premier Financial has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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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    Originations

    175

    Origination Dollar Volume (All Markets)

    $17,925,000

    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
    Outside of Metro Areas 88 $11,000,000 $125,000 $0 0.00%
    APPLETON, WI (FHA|USDA|VA) 87 $6,925,000 $79,598 $0 0.00%
    Premier Financial's top markets include and Appleton among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 175 $17,925,000 $102,429 $0 0.00%

    For 2020, Premier Financial's most frequently originated type of loan was Conventional, with 175 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 145 $15,535,000 $107,138 $0 0.00%
    Home Purchase 14 $1,650,000 $117,857 $0 0.00%
    Home Improvement 11 $355,000 $32,273 $0 0.00%
    Other 5 $385,000 $77,000 $0 0.00%

    For 2020, Premier Financial's most frequently cited loan purpose was Refi, with 145 originations. The 2nd most popular reason was Home Purchase, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 175 $17,925,000 $102,429 $0 0.00%

    For 2020, Premier Financial's most frequently cited loan duration was Other, with 175 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 116 $5,490,000 $47,328 $0 0.00%
    $100k-200k 37 $5,125,000 $138,514 $0 0.00%
    $200k-400k 16 $4,090,000 $255,625 $0 0.00%
    $400k-600k 4 $1,880,000 $470,000 $0 0.00%
    $600k-1MM 2 $1,340,000 $670,000 $0 0.00%

    2020 saw Premier Financial place emphasis on $100,000 or less loans with 116 originations, totaling $5,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 47 $4,665,000 $99,255 $0 0.00%
    $50k or less 45 $2,735,000 $60,778 $0 0.00%
    $75k-100k 31 $3,045,000 $98,226 $0 0.00%
    $100k-150k 19 $2,095,000 $110,263 $0 0.00%
    $150k-250k 11 $1,805,000 $164,091 $0 0.00%
    $250k+ 2 $1,110,000 $555,000 $0 0.00%

    Premier Financial lent most frequently to those with incomes in the $50k-75k range, with 47 originations. The second most popular income band? $50k or less, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 175 $17,925,000 $102,429 $0 0.00%

    Premier Financial lent most frequently to those with DTI ratios of Exempt%, with 175 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 157 $16,185,000 $103,089 $0 0.00%
    Not applicable 15 $1,525,000 $101,667 $0 0.00%
    American Indian 1 $125,000 $125,000 $0 0.00%
    Black 1 $55,000 $55,000 $0 0.00%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.45%

    Premier Financial 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
    93.71%

    Premier Financial has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 175 $17,925,000 $102,429

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $245,000 $245,000
    Single Family (1-4 Units):Manufactured 7 $555,000 $79,286
    Single Family (1-4 Units):Site-Built 167 $17,125,000 $102,545

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Primary Financial Services L.L.C. FHA mortgage Struggling to pay mortgage 1 100.0%