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 two markets are New York and Punta Gorda .Lufthansa Emp. has an above average approval rate when compared to the average across all lenders.
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Originations
8Origination Dollar Volume (All Markets)
$540,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $355,000 | $71,000 | $0 | 4.40% |
| Outside of Metro Areas | 2 | $100,000 | $50,000 | $0 | 4.71% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 8 | $540,000 | $67,500 | $0 | 4.59% |
For 2019, Lufthansa Emp.'s most frequently originated type of loan was Conventional, with 8 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 7 | $455,000 | $65,000 | $0 | 4.64% |
| Refi | 1 | $85,000 | $85,000 | $0 | 4.17% |
For 2019, Lufthansa Emp.'s most frequently cited loan purpose was Home Improvement, with 7 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 5 | $485,000 | $97,000 | $0 | 4.40% |
| 5 Year | 2 | $30,000 | $15,000 | $0 | 4.71% |
| 3 Year | 1 | $25,000 | $25,000 | $0 | 5.25% |
For 2019, Lufthansa Emp.'s most frequently cited loan duration was Other, with 5 originations. The 2nd most popular length was 5 Year, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 5 | $415,000 | $83,000 |
| 5-6% | 3 | $125,000 | $41,667 |
During 2019, Lufthansa Emp.'s average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 5 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 7 | $345,000 | $49,286 | $0 | 4.63% |
| $100k-200k | 1 | $195,000 | $195,000 | $0 | 4.25% |
2019 saw Lufthansa Emp. place emphasis on $100,000 or less loans with 7 originations, totaling $345,000 in origination value.
Applicant Income
Lufthansa Emp. lent most frequently to those with incomes in the $100k-150k range, with 2 originations. The second most popular income band? $150k-250k, with 2 originations.
Applicant Debt to Income Ratio
Lufthansa Emp. lent most frequently to those with DTI ratios of 48%, with 2 originations. The next most common DTI ratio? >60%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 8 | $540,000 | $67,500 | $0 | 4.59% |
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 | 8 | $540,000 | $67,500 |