Luxury Mortgage Corp. Rates, Fees & Info
Dover, DELEI: 254900V6GCDMRQZ34D96
Tax ID: 06-1461914
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Mortgage Data
Review & Overview
Luxury Mortgage Corp. is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Luxury Mortgage Corp. has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, New York, Miami, San Diego, and San Francisco among others. We have data for 120 markets. (Some data included below & more in-depth data is available with an active subscription.)Luxury Mortgage Corp. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Luxury Mortgage Corp. is typically a high 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.99% | 4/5/25 |
| 30 Year Conventional Refi | 7.63% | 4/5/25 |
| 30 Year Cash-out Refi | 7.93% | 4/5/25 |
| 15 Year Conventional Purchase | 7.31% | 4/5/25 |
| 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. | ||
Luxury Mortgage Corp. Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Luxury Mortgage Corp.. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
764Origination Dollar Volume (All Markets)
$573,090,000Relative Rate
Luxury Mortgage Corp.'s average 30 year fixed mortgage rate was
7.63%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 1.08%.
Relative Fees (Closing Costs)
Luxury Mortgage Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $20,902.
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 $8,356.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 134 | $150,270,000 | $1,121,418 | $23,761 | 7.41% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 177 | $130,265,000 | $735,960 | $22,255 | 7.69% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 56 | $37,960,000 | $677,857 | $23,330 | 7.48% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 16 | $23,000,000 | $1,437,500 | $24,048 | 7.37% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 19 | $17,205,000 | $905,526 | $23,599 | 7.52% |
| Outside of Metro Areas | 17 | $12,685,000 | $746,176 | $28,838 | 7.54% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 21 | $12,125,000 | $577,381 | $19,794 | 7.65% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 21 | $11,005,000 | $524,048 | $14,400 | 7.62% |
| FRESNO, CA (FHA|USDA|VA) | 21 | $10,755,000 | $512,143 | $18,808 | 7.70% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 10 | $9,800,000 | $980,000 | $25,844 | 7.61% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 22 | $9,440,000 | $429,091 | $19,361 | 7.91% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 10 | $8,410,000 | $841,000 | $22,951 | 7.60% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 8 | $7,320,000 | $915,000 | $9,918 | 8.12% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 16 | $7,290,000 | $455,625 | $15,776 | 7.74% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $6,160,000 | $1,540,000 | $31,855 | 7.41% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $4,630,000 | $1,157,500 | $19,387 | 7.66% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $4,485,000 | $1,495,000 | $34,133 | 7.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 8 | $4,410,000 | $551,250 | $28,589 | 7.95% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $4,220,000 | $1,055,000 | $20,713 | 6.91% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $3,960,000 | $1,980,000 | $6,216 | 7.44% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $3,900,000 | $1,950,000 | $42,025 | 7.13% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 8 | $3,690,000 | $461,250 | $10,451 | 8.84% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $3,365,000 | $673,000 | $23,033 | 7.10% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $3,315,000 | $1,105,000 | $21,792 | 7.25% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 6 | $3,260,000 | $543,333 | $19,888 | 7.81% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $3,205,000 | $1,068,333 | $17,149 | 7.58% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $2,670,000 | $445,000 | $13,583 | 7.52% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $2,600,000 | $433,333 | $15,857 | 7.38% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $2,570,000 | $1,285,000 | $10,052 | 7.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $2,200,000 | $1,100,000 | $23,999 | 7.56% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $2,120,000 | $353,333 | $12,274 | 7.69% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $41,102 | 7.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $1,865,000 | $621,667 | $10,412 | 7.58% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $1,815,000 | $363,000 | $13,256 | 7.42% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $1,805,000 | $601,667 | $0 | 7.87% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $1,680,000 | $840,000 | $54,337 | 7.69% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $1,640,000 | $820,000 | $21,096 | 7.06% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $9,487 | 7.60% |
| Taos, NM (FHA|USDA|VA) | 1 | $1,395,000 | $1,395,000 | $21,957 | 7.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $13,436 | 7.13% |
| MEDFORD, OR (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $24,856 | 7.42% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $19,967 | 8.18% |
| Key West, FL (FHA|USDA|VA) | 2 | $1,340,000 | $670,000 | $0 | 7.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $1,290,000 | $645,000 | $17,501 | 7.25% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $1,235,000 | $1,235,000 | $23,576 | 7.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $23,741 | 7.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $19,245 | 7.67% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $22,442 | 8.69% |
| MADERA, CA (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $16,318 | 8.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $0 | 7.75% |
| Edwards, CO (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $4,783 | 7.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $17,928 | 7.53% |
| SALEM, OR (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $20,862 | 7.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $13,136 | 8.37% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $25,807 | 8.38% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $19,767 | 8.63% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $0 | 7.06% |
| Heber, UT (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $8,280 | 7.25% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $23,326 | 9.75% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $14,652 | 8.25% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $21,347 | 7.88% |
| NAPA, CA (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 8.00% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $8,257 | 8.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $15,502 | 8.13% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $25,757 | 6.88% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $11,999 | 8.25% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $21,446 | 7.25% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $14,758 | 7.38% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 7.88% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 8.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 7.69% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $13,056 | 9.13% |
| OCALA, FL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $14,419 | 7.71% |
| MERCED, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 9.88% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $18,154 | 8.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,464 | 8.81% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $19,506 | 8.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $11,273 | 7.88% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $16,687 | 8.38% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $12,598 | 7.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $17,316 | 8.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 7.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $7,007 | 7.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $9,386 | 8.25% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $13,512 | 7.50% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 7.38% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 8.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $12,166 | 8.38% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $19,426 | 7.25% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 9.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $11,821 | 8.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $15,055 | 8.75% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,930 | 8.13% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $18,542 | 7.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $11,196 | 6.75% |
| Centralia, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,103 | 7.00% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $12,771 | 7.13% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $19,108 | 8.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 7.38% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 7.87% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $12,455 | 7.38% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,663 | 7.00% |
| Vernal, UT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $13,718 | 9.13% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.50% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $13,732 | 7.25% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 7.25% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $13,783 | 8.25% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.25% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,150 | 8.25% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,957 | 8.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.00% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.63% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,412 | 8.00% |
| Lake City, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.75% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,890 | 6.63% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.38% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.00% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 764 | $573,090,000 | $750,118 | $20,871 | 7.63% |
For 2024, Luxury Mortgage Corp.'s most frequently originated type of loan was Conventional, with 764 originations.
Loan Reason
For 2024, Luxury Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 536 originations. The 2nd most popular reason was Cash Out Refi, with 170 originations.
Loan Duration/Length
For 2024, Luxury Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 757 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
Luxury Mortgage Corp.'s average total fees were $20,902, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 422 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 427 | $322,135,000 | $754,415 |
| 6-7% | 179 | $149,425,000 | $834,777 |
| Over 8% | 158 | $101,530,000 | $642,595 |
During 2024, Luxury Mortgage Corp.'s average interest rate for loans was 7.63%, while their most frequently originated rate bucket for loans was 7-8%, with 427 originations.
Loan Sizing
2024 saw Luxury Mortgage Corp. place emphasis on $200k-400k loans with 195 originations, totaling $58,175,000 in origination value.
Applicant Income
Luxury Mortgage Corp. lent most frequently to those with incomes in the $250k+ range, with 256 originations. The second most popular income band? $150k-250k, with 84 originations.
Applicant Debt to Income Ratio
Luxury Mortgage Corp. lent most frequently to those with DTI ratios of <20%, with 76 originations. The next most common DTI ratio? 20-30%, with 70 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.89%
Luxury Mortgage Corp. has an average approval rate.
Pick Rate
Approvals leading to origination41.62%
Luxury Mortgage Corp. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 764 | $573,090,000 | $750,118 |