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 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 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
10Origination Dollar Volume (All Markets)
$720,000Top 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) | 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 |