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. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Los Angeles, Boston, Detroit, and Miami among others. We have data for 104 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 an average 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.50% | 4/21/24 |
| 30 Year Conventional Refi | 7.31% | 4/21/24 |
| 30 Year Cash-out Refi | 7.74% | 4/21/24 |
| 30 Year FHA Purchase | 7.21% | 4/21/24 |
| 30 Year FHA Refi | 6.27% | 4/21/24 |
| 30 Year VA Purchase | 6.48% | 4/21/24 |
| 30 Year USDA Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.96% | 4/21/24 |
| 15 Year Conventional Refi | 5.63% | 4/21/24 |
| 15 Year Cash-out Refi | 5.63% | 4/21/24 |
| 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. | ||
Luxury Mortgage Corp. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,603Origination Dollar Volume (All Markets)
$677,195,000Top 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) | 515 | $254,175,000 | $493,544 | $7,465 | 4.70% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 92 | $90,700,000 | $985,870 | $16,352 | 5.69% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 216 | $84,850,000 | $392,824 | $4,709 | 4.19% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 285 | $65,965,000 | $231,456 | $4,244 | 4.31% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 69 | $27,555,000 | $399,348 | $6,887 | 4.80% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 34 | $19,180,000 | $564,118 | $6,122 | 4.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 42 | $11,680,000 | $278,095 | $11,083 | 5.77% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 30 | $9,620,000 | $320,667 | $4,925 | 4.48% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 12 | $9,520,000 | $793,333 | $8,014 | 5.35% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 25 | $8,155,000 | $326,200 | $7,506 | 4.27% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 12 | $7,140,000 | $595,000 | $11,117 | 5.85% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $4,975,000 | $995,000 | $19,478 | 5.50% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 14 | $4,830,000 | $345,000 | $4,279 | 4.32% |
| Glenwood Springs, CO (FHA|USDA|VA) | 3 | $4,745,000 | $1,581,667 | $13,412 | 4.17% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 12 | $4,400,000 | $366,667 | $8,644 | 5.58% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 15 | $4,315,000 | $287,667 | $3,346 | 3.95% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 9 | $4,125,000 | $458,333 | $9,777 | 4.35% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $3,650,000 | $912,500 | $10,877 | 6.13% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $2,870,000 | $358,750 | $9,123 | 5.75% |
| Heber, UT (FHA|USDA|VA) | 1 | $2,845,000 | $2,845,000 | $11,098 | 5.75% |
| Outside of Metro Areas | 14 | $2,530,000 | $180,714 | $4,777 | 4.69% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $2,330,000 | $1,165,000 | $12,575 | 5.13% |
| Traverse City, MI (FHA|USDA|VA) | 10 | $2,100,000 | $210,000 | $4,315 | 4.33% |
| ANN ARBOR, MI (FHA|USDA|VA) | 8 | $2,040,000 | $255,000 | $4,574 | 4.88% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $1,910,000 | $955,000 | $11,900 | 5.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 9 | $1,895,000 | $210,556 | $3,248 | 3.72% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 8 | $1,860,000 | $232,500 | $2,803 | 3.77% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 6 | $1,600,000 | $266,667 | $10,385 | 5.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $1,525,000 | $217,857 | $5,777 | 3.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,515,000 | $505,000 | $4,780 | 4.83% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $3,741 | 4.27% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $1,335,000 | $445,000 | $8,464 | 3.71% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $5,917 | 5.54% |
| Torrington, CT (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $4,765 | 3.92% |
| MONROE, MI (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $2,722 | 4.14% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $3,400 | 5.31% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $8,897 | 4.38% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $10,998 | 5.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $7,567 | 4.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $7,184 | 6.28% |
| FLINT, MI (FHA|USDA|VA) | 6 | $860,000 | $143,333 | $4,794 | 4.67% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $4,109 | 4.66% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $13,231 | 5.81% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $8,075 | 6.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $7,316 | 5.44% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $4,871 | 4.17% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $7,633 | 5.88% |
| Edwards, CO (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $6,715 | 3.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $4,825 | 6.63% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $4,833 | 3.83% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 6 | $630,000 | $105,000 | $4,666 | 3.56% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 6.38% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $7,546 | 5.75% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,653 | 4.42% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 6.94% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $10,055 | 3.88% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $13,832 | 6.13% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $8,384 | 3.88% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,110 | 4.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,632 | 5.06% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,724 | 4.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,854 | 3.94% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,588 | 3.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,531 | 4.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,189 | 4.56% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.63% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,711 | 5.38% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,590 | 4.69% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 7.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,814 | 6.88% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 6.38% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,215 | 6.50% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,900 | 4.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $7,286 | 7.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,425 | 3.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,576 | 4.38% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,872 | 3.88% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,374 | 4.75% |
| Laconia, NH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,202 | 3.63% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,951 | 4.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,736 | 7.00% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,361 | 4.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,841 | 3.50% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,035 | 6.75% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,653 | 5.50% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 6.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,756 | 3.88% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,778 | 4.63% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.50% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,564 | 5.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,885 | 6.50% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,324 | 3.50% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,317 | 4.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,581 | 4.38% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,120 | 4.25% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,214 | 7.50% |
| OCALA, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,246 | 3.88% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,548 | 3.50% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,033 | 4.63% |
| Keene, NH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,680 | 3.88% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,082 | 4.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,329 | 4.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,231 | 4.88% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,370 | 4.00% |
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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
For 2019, Luxury Mortgage Corp.'s most frequently originated type of loan was Conventional, with 1,459 originations. Their 2nd most popular type was FHA, with 121 originations.
Loan Reason
For 2019, Luxury Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 905 originations. The 2nd most popular reason was Cash Out Refi, with 359 originations.
Loan Duration/Length
For 2019, Luxury Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 1,491 originations. The 2nd most popular length was 15 Year, with 64 originations.
Origination Fees/Closing Costs
Luxury Mortgage Corp.'s average total fees were $6,755, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 911 originations.
Interest Rates
During 2019, Luxury Mortgage Corp.'s average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 3-4%, with 586 originations.
Loan Sizing
2019 saw Luxury Mortgage Corp. place emphasis on $200k-400k loans with 648 originations, totaling $193,200,000 in origination value.
Applicant Income
Luxury Mortgage Corp. lent most frequently to those with incomes in the $100k-150k range, with 348 originations. The second most popular income band? $50k or less, with 330 originations.
Applicant Debt to Income Ratio
Luxury Mortgage Corp. lent most frequently to those with DTI ratios of 30-36%, with 240 originations. The next most common DTI ratio? 20-30%, with 227 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.79%
Luxury Mortgage Corp. has an average approval rate.
Pick Rate
Approvals leading to origination84.03%
Luxury Mortgage Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,603 | $677,195,000 | $422,455 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $60,000 | $30,000 |
| Single Family (1-4 Units):Site-Built | 1,601 | $677,135,000 | $422,945 |