# Paramount Bank

> **Canonical URL:** https://saferate.com/lenders/paramount-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Paramount Bank is a bank, headquartered in Hazelwood, MO, serving borrowers across 33 states, with 533 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 44% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 53% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300KW3HYVC06WS898
- **Headquarters:** Hazelwood, MO
- **Geographic Reach:** Near-National
- **States Served:** 33
- **State List:** AL, AR, AZ, CA, DC, FL, GA, HI, IA, IL, IN, KS, MA, MD, MI, MN, MO, MS, NC, NJ, NM, NV, NY, OH, OR, SC, TN, TX, VA, VT, WA, WI, WY
- **Markets (MSAs):** 9
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 56/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 47/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.217%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,941
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 533
- **Dollar Volume:** $193 million
- **Applications Received:** 891
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $361,585
- **Average Borrower Income:** $163,910
- **Average Property Value:** $486,520

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 53/100 | 375 | +0.214% | $1,856 | Sound ☺️ |
| FHA | 64/100 | 96 | +0.442% | $2,069 | Strong 😀 |
| VA | 65/100 | 48 | -0.456% | $3,332 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 322 loans, Score: 53/100 (Sound)
- Refinance: 53 loans, Score: 50/100 (Sound)

**FHA:**
- Purchase: 87 loans, Score: 64/100 (Strong)

**VA:**
- Purchase: 45 loans, Score: 65/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 56/100 | 463 | $162M | +0.229% | Sound ☺️ |
| Refinance | 51/100 | 70 | $30M | +0.149% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MO | 231 | 0.31% | 73/100 |
| IL | 48 | 0.04% | 55/100 |
| NC | 39 | 0.03% | 51/100 |
| CA | 28 | 0.01% | 46/100 |
| SC | 27 | 0.03% | 51/100 |
| FL | 23 | 0.01% | 43/100 |
| OR | 14 | 0.03% | 44/100 |
| VA | 14 | 0.01% | 42/100 |
| IN | 12 | 0.01% | 40/100 |
| WA | 12 | 0.01% | 41/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| St. Louis, MO | MO-IL | 243 | 82/100 |
| Non |  | 39 | 38/100 |
| Myrtle Beach | SC | 17 | 50/100 |
| Charlotte | NC-SC | 16 | 46/100 |
| Arlington | VA-WV | 14 | 44/100 |
| Kansas City, MO | MO-KS | 13 | 43/100 |
| Chicago | IL | 12 | 41/100 |
| Tampa, FL | FL | 11 | 41/100 |
| Oakland | CA | 10 | 41/100 |

## Where This Lender Ranks

Paramount Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#9** in St. Louis, MO for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/st-louis-mo/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#13** in St. Louis, MO for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/st-louis-mo/best-mortgage-lenders/banks/va-loans)
- 🏆 **#16** in Missouri for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/missouri/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#18** in Missouri for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/missouri/best-mortgage-lenders/banks/va-loans)
- 🏆 **#19** in St. Louis, MO for FHA Loans
  - [View Full Rankings](https://saferate.com/st-louis-mo/best-mortgage-lenders/fha-loans)

## Frequently Asked Questions

### What loan types does Paramount Bank offer?

Paramount Bank offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Paramount Bank offer mortgages?

Paramount Bank offers mortgages in 33 states: AL, AR, AZ, CA, DC, FL, GA, HI, IA, IL, IN, KS, MA, MD, MI, MN, MO, MS, NC, NJ, NM, NV, NY, OH, OR, SC, TN, TX, VA, VT, WA, WI, WY.

### How competitive are Paramount Bank's mortgage rates?

Paramount Bank has a pricing score of 56/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.217% above market average.

### What type of lender is Paramount Bank?

Paramount Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Hazelwood, MO.

### What is Paramount Bank's loan approval success rate?

Paramount Bank has a pull-through score of 47/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/paramount-bank

### How to Cite

> "Paramount Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/paramount-bank

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