Louie Loans Mortgage Rates, Fees & Info

San Diego, CA

LEI: 254900FFMW7SFHY20068

Tax ID: 27-0530698

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
  • 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

    Louie Loans is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Louie Loans has a high proportion of conventional loans. Their top markets by origination volume include: San Diego, Los Angeles, Riverside, San Francisco, and Merced among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Louie Loans has an above average approval rate when compared to the average across all 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    48

    Origination Dollar Volume (All Markets)

    $25,970,000

    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
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 19 $16,075,000 $846,053 $0 9.82%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 16 $8,070,000 $504,375 $0 9.64%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $895,000 $127,857 $0 9.50%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $485,000 $485,000 $0 9.50%
    MERCED, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.50%
    FRESNO, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.50%
    VISALIA, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.50%
    EL CENTRO, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.95%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.50%
    Louie Loans's top markets include San Diego, Los Angeles, Riverside, San Francisco, and Merced among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $25,970,000 $541,042 $0 9.74%

    For 2019, Louie Loans's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $16,385,000 $565,000 $0 9.70%
    Cash Out Refi 18 $8,860,000 $492,222 $0 9.81%
    Refi 1 $725,000 $725,000 $0 9.50%

    For 2019, Louie Loans's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 47 $25,485,000 $542,234 $0 9.74%
    1 Year 1 $485,000 $485,000 $0 9.50%

    For 2019, Louie Loans's most frequently cited loan duration was Other, with 47 originations. The 2nd most popular length was 1 Year, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 42 $23,540,000 $560,476

    During 2019, Louie Loans's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 42 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 13 $10,215,000 $785,769 $0 9.45%
    $200k-400k 9 $2,535,000 $281,667 $0 9.50%
    $100k-200k 8 $1,110,000 $138,750 $0 10.21%
    $100,000 or less 7 $515,000 $73,571 $0 9.99%
    $400k-600k 6 $2,990,000 $498,333 $0 9.80%
    $1MM+ 5 $8,605,000 $1,721,000 $0 9.70%

    2019 saw Louie Loans place emphasis on $600k-1MM loans with 13 originations, totaling $10,215,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 32 $21,790,000 $680,938 $0 9.70%
    Black 6 $1,650,000 $275,000 $0 9.50%
    White 4 $1,480,000 $370,000 $0 9.50%
    Other Pacific Islander 3 $525,000 $175,000 $0 9.50%
    Other Asian 2 $470,000 $235,000 $0 10.50%
    Asian 1 $55,000 $55,000 $0 12.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Louie Loans 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 48 $25,970,000 $541,042

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $5,085,000 $1,017,000
    Single Family (1-4 Units):Manufactured 1 $65,000 $65,000
    Single Family (1-4 Units):Site-Built 42 $20,820,000 $495,714

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $2,300,000 $575,000 $0 9.50%
    40-60% 11 $3,815,000 $346,818 $0 9.74%
    60-80% 25 $17,275,000 $691,000 $0 9.62%
    80-100% 3 $1,475,000 $491,667 $0 9.50%
    Under 20% 5 $1,105,000 $221,000 $0 10.50%