Panorama Mortgage Group Interest Rate and Cost Review

Is Panorama Mortgage Group a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Panorama Mortgage Group with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratehigher than average (+0.21%)
Loan Related Closing Costshigher than average (+$691)
National Rate and Closing Cost Rating(2.0)
Websitehttps://www.panoramamortgagegroup.com

On average, Panorama Mortgage Group’s interest rates were higher than those of other lenders (+0.21%) for a comparable set of borrowers. Its average total loan related closing cost was higher than those of other lenders, with a difference of +$691. Overall, combining interest rates and closing costs we estimate that Panorama Mortgage Group tends to be an expensive lender, and give it a National Rate and Closing Costs Rating of 2.0 out of 5.0 stars.

Panorama Mortgage Group’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Panorama Mortgage Group was most active in:

  1. Los Angeles, CA
  2. Atlanta, GA
  3. Fresno, CA
  4. Chicago, IL
  5. Las Vegas, NV

You can click through to check out Panorama Mortgage Group’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Panorama Mortgage Group’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Panorama Mortgage Group originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, USDA and VA mortgages for refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.28%+0.18%+0.01%-0.00%+0.06%
Loan Related Closing Cost Difference+$780+$864+$27+$67+$38
Cost Adjusted Rate Difference+0.34%+0.24%+0.01%+0.00%+0.06%
Star Rating(2.0)(2.5)(3.5)(3.5)(3.0)
Refinance MortgagesConformingFHAUSDAVA
Interest Rate Difference+0.16%+0.06%+0.00%+0.01%
Loan Related Closing Cost Difference+$343+$107-$4-$4
Cost Adjusted Rate Difference+0.18%+0.07%+0.00%+0.01%
Star Rating(2.5)(3.0)(3.5)(3.5)

As a summary, Panorama Mortgage Group is similar to other lenders for Jumbo and USDA purchase mortgages. It is more expensive than other lenders for Conforming, FHA and VA purchase mortgages. For refinancing mortgages, Panorama Mortgage Group is similar to other lenders for USDA and VA mortgage refinance. It is more expensive than other lenders for Conforming and FHA mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Panorama Mortgage Group:

Registered name: Panorama Mortgage Group
Registered city and state: LAS VEGAS, NV, 89145
Regulator: United States Department of Housing and Urban Development (HUD)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Panorama Mortgage Group’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.