Lufthansa Emp. Mortgage Rates, Fees & Info
East Meadow, NYLEI: 254900S1MZBA1L5LZF88
Tax ID: 23-7100361
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Mortgage Data
Review & Overview
Lufthansa Emp. is a smaller mortgage company specializing in Home Improvement loans. Lufthansa Emp. has a high proportion of conventional loans. Their top markets by origination volume include: Miami, New York, Orlando, Los Angeles, and Detroit among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Lufthansa Emp. has an above average approval rate when compared to the average across all lenders. Lufthansa Emp. 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 relatively high 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/16/24 |
| 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. | ||
Lufthansa Emp. Mortgage Calculator
Your Estimates
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This is not an official calculator from Lufthansa Emp.. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
10Origination Dollar Volume (All Markets)
$720,000Relative Rate
Lufthansa Emp.'s average 30 year fixed mortgage rate was
5.25%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -1.23%.
Relative Fees (Closing Costs)
Lufthansa Emp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $6,255.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $2,109 | 5.42% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $340 | 5.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $37 | 5.63% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $94 | 5.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $47 | 5.50% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $96 | 5.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 10 | $720,000 | $72,000 | $732 | 5.53% |
For 2023, Lufthansa Emp.'s most frequently originated type of loan was Conventional, with 10 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 9 | $595,000 | $66,111 | $118 | 5.56% |
| Home Purchase | 1 | $125,000 | $125,000 | $6,255 | 5.25% |
For 2023, Lufthansa Emp.'s most frequently cited loan purpose was Home Improvement, with 9 originations. The 2nd most popular reason was Home Purchase, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 9 | $595,000 | $66,111 | $118 | 5.56% |
| 30 Year | 1 | $125,000 | $125,000 | $6,255 | 5.25% |
For 2023, Lufthansa Emp.'s most frequently cited loan duration was Other, with 9 originations. The 2nd most popular length was 30 Year, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 10 | $720,000 | $72,000 |
During 2023, Lufthansa Emp.'s average interest rate for loans was 5.25%, while their most frequently originated rate bucket for loans was 5-6%, with 10 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 9 | $595,000 | $66,111 | $118 | 5.56% |
| $100k-200k | 1 | $125,000 | $125,000 | $6,255 | 5.25% |
2023 saw Lufthansa Emp. place emphasis on $100,000 or less loans with 9 originations, totaling $595,000 in origination value.
Applicant Income
Lufthansa Emp. lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
Lufthansa Emp. lent most frequently to those with DTI ratios of <20%, with 5 originations. The next most common DTI ratio? 30-36%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 10 | $720,000 | $72,000 | $732 | 5.53% |
Approval Rates
Total approvals of all applications100.00%
Lufthansa Emp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 10 | $720,000 | $72,000 |