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 loans. Luxury Mortgage Corp. has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, New York, Oxnard, Orlando, and Riverside among others. We have data for 58 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 | 7.50% | 3/23/25 |
| 30 Year Conventional Refi | 7.31% | 3/23/25 |
| 30 Year Cash-out Refi | 7.74% | 3/23/25 |
| 30 Year FHA Purchase | 7.21% | 3/23/25 |
| 30 Year FHA Refi | 6.27% | 3/23/25 |
| 30 Year VA Purchase | 6.48% | 3/23/25 |
| 30 Year USDA Purchase | 6.27% | 3/23/25 |
| 15 Year Conventional Purchase | 6.96% | 3/23/25 |
| 15 Year Conventional Refi | 5.63% | 3/23/25 |
| 15 Year Cash-out Refi | 5.63% | 3/23/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
243Origination Dollar Volume (All Markets)
$192,185,000Relative Rate
Luxury Mortgage Corp.'s average 30 year fixed mortgage rate was
8.15%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.67%.
Relative Fees (Closing Costs)
Luxury Mortgage Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $23,142.
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 $9,089.
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) | 57 | $74,585,000 | $1,308,509 | $29,314 | 8.05% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 49 | $39,105,000 | $798,061 | $25,963 | 8.18% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $8,865,000 | $1,773,000 | $38,197 | 7.60% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 17 | $8,105,000 | $476,765 | $21,879 | 8.43% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 12 | $7,790,000 | $649,167 | $14,043 | 7.90% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $6,405,000 | $915,000 | $28,124 | 8.34% |
| Outside of Metro Areas | 5 | $5,115,000 | $1,023,000 | $24,780 | 8.30% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $4,430,000 | $1,107,500 | $22,792 | 7.66% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $3,040,000 | $760,000 | $14,580 | 8.63% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $2,130,000 | $532,500 | $16,049 | 8.25% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $2,055,000 | $685,000 | $17,537 | 8.25% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $1,815,000 | $605,000 | $19,176 | 7.21% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $1,690,000 | $422,500 | $13,717 | 8.31% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $1,595,000 | $319,000 | $14,659 | 8.07% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,595,000 | $319,000 | $17,512 | 7.85% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,295,000 | $431,667 | $13,134 | 9.75% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $1,285,000 | $1,285,000 | $12,128 | 7.88% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $1,280,000 | $213,333 | $10,038 | 8.44% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $1,255,000 | $1,255,000 | $20,153 | 7.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $15,473 | 8.79% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $12,370 | 8.25% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $18,057 | 7.63% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $16,746 | 7.88% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 8.38% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $19,360 | 6.63% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 8.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $21,629 | 9.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $18,749 | 7.38% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $18,659 | 7.75% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $21,297 | 8.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $11,728 | 7.67% |
| DALTON, GA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $21,673 | 7.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 7.38% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $21,934 | 7.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 9.38% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 8.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 8.25% |
| OCALA, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $18,764 | 8.25% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 9.38% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $17,267 | 7.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $15,710 | 9.63% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $10,303 | 7.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $13,908 | 8.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $15,905 | 9.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 7.50% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,461 | 8.13% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $14,211 | 9.25% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,547 | 8.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,628 | 8.00% |
| READING, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,071 | 9.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.50% |
| Hood River, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,162 | 7.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 8.38% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.38% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.38% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.63% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Luxury Mortgage Corp. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 243 | $192,185,000 | $790,885 | $23,121 | 8.15% |
For 2023, Luxury Mortgage Corp.'s most frequently originated type of loan was Conventional, with 243 originations.
Loan Reason
For 2023, Luxury Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 188 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.
Loan Duration/Length
For 2023, Luxury Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 241 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 158 | $146,670,000 | $928,291 |
| $3k-4k | 3 | $1,795,000 | $598,333 |
| $2k-3k | 1 | $225,000 | $225,000 |
| $4k-5k | 1 | $265,000 | $265,000 |
Luxury Mortgage Corp.'s average total fees were $23,142, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 158 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 121 | $102,485,000 | $846,983 |
| Over 8% | 109 | $81,205,000 | $745,000 |
| 6-7% | 13 | $8,495,000 | $653,462 |
During 2023, Luxury Mortgage Corp.'s average interest rate for loans was 8.15%, while their most frequently originated rate bucket for loans was 7-8%, with 121 originations.
Loan Sizing
2023 saw Luxury Mortgage Corp. place emphasis on $1MM+ loans with 60 originations, totaling $101,220,000 in origination value.
Applicant Income
Luxury Mortgage Corp. lent most frequently to those with incomes in the $250k+ range, with 95 originations. The second most popular income band? $50k or less, with 81 originations.
Applicant Debt to Income Ratio
Luxury Mortgage Corp. lent most frequently to those with DTI ratios of <20%, with 63 originations. The next most common DTI ratio? 20-30%, with 25 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.56%
Luxury Mortgage Corp. has an average approval rate.
Pick Rate
Approvals leading to origination60.49%
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 | 243 | $192,185,000 | $790,885 |