Lufthansa Emp. Mortgage Rates, Fees & Info
East Meadow, NYLEI: 254900S1MZBA1L5LZF88
Tax ID: 23-7100361
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Lufthansa Emp. is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Lufthansa Emp. has a high proportion of conventional loans. Their top markets by origination volume include: New York, Atlanta, Phoenix, Bridgeport, and Detroit among others. We have data for 5 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 a low 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 about average rates.
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Originations
11Origination Dollar Volume (All Markets)
$1,685,000Top 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) | 6 | $1,060,000 | $176,667 | $6,946 | 4.18% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $604 | 3.95% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.75% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.75% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.95% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 11 | $1,685,000 | $153,182 | $3,775 | 4.22% |
For 2022, Lufthansa Emp.'s most frequently originated type of loan was Conventional, with 11 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 8 | $670,000 | $83,750 | $1,641 | 4.30% |
| Home Purchase | 3 | $1,015,000 | $338,333 | $4,486 | 4.00% |
For 2022, Lufthansa Emp.'s most frequently cited loan purpose was Home Improvement, with 8 originations. The 2nd most popular reason was Home Purchase, with 3 originations.
Loan Duration/Length
For 2022, Lufthansa Emp.'s most frequently cited loan duration was Other, with 6 originations. The 2nd most popular length was 30 Year, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 6 | $1,080,000 | $180,000 |
| 4-5% | 4 | $570,000 | $142,500 |
| 5-6% | 1 | $35,000 | $35,000 |
During 2022, Lufthansa Emp.'s average interest rate for loans was 4.00%, while their most frequently originated rate bucket for loans was 3-4%, with 6 originations.
Loan Sizing
2022 saw Lufthansa Emp. place emphasis on $100,000 or less loans with 8 originations, totaling $360,000 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? $75k-100k, with 3 originations.
Applicant Debt to Income Ratio
Lufthansa Emp. lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? <20%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 11 | $1,685,000 | $153,182 | $3,775 | 4.22% |
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 | 11 | $1,685,000 | $153,182 |