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, and Tulsa among others. We have data for 4 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4Origination Dollar Volume (All Markets)
$80,000Top 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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 2.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.25% |
| TULSA, OK (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.25% |
| Outside of Metro Areas | 1 | $15,000 | $15,000 | $0 | 3.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 4 | $80,000 | $20,000 | $0 | 3.13% |
For 2021, Lufthansa Emp.'s most frequently originated type of loan was Conventional, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 3 | $65,000 | $21,667 | $0 | 3.08% |
| Other | 1 | $15,000 | $15,000 | $0 | 3.25% |
For 2021, Lufthansa Emp.'s most frequently cited loan purpose was Home Improvement, with 3 originations. The 2nd most popular reason was Other, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 5 Year | 4 | $80,000 | $20,000 | $0 | 3.13% |
For 2021, Lufthansa Emp.'s most frequently cited loan duration was 5 Year, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 3 | $45,000 | $15,000 |
| 2.5-3% | 1 | $35,000 | $35,000 |
During 2021, Lufthansa Emp.'s average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 3 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 4 | $80,000 | $20,000 | $0 | 3.13% |
2021 saw Lufthansa Emp. place emphasis on $100,000 or less loans with 4 originations, totaling $80,000 in origination value.
Applicant Income
Lufthansa Emp. lent most frequently to those with incomes in the $100k-150k range, with 1 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
Lufthansa Emp. lent most frequently to those with DTI ratios of 20-30%, with 1 originations. The next most common DTI ratio? 30-36%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 4 | $80,000 | $20,000 | $0 | 3.13% |
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 | 4 | $80,000 | $20,000 |