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 small mortgage company specializing in Refi and Home Purchase loans. Luxury Mortgage Corp. has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Boston, Detroit, Los Angeles, and Miami among others. We have data for 122 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% | 4/18/24 |
| 30 Year Conventional Refi | 7.31% | 4/18/24 |
| 30 Year Cash-out Refi | 7.74% | 4/18/24 |
| 30 Year FHA Purchase | 7.21% | 4/18/24 |
| 30 Year FHA Refi | 6.27% | 4/18/24 |
| 30 Year VA Purchase | 6.48% | 4/18/24 |
| 30 Year USDA Purchase | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 6.96% | 4/18/24 |
| 15 Year Conventional Refi | 5.63% | 4/18/24 |
| 15 Year Cash-out Refi | 5.63% | 4/18/24 |
| 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
2,976Origination Dollar Volume (All Markets)
$1,231,000,000Awards
Luxury Mortgage Corp. - 2020
Luxury Mortgage Corp. is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 961 | $429,185,000 | $446,602 | $5,919 | 3.09% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 424 | $168,260,000 | $396,840 | $3,197 | 3.05% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 579 | $148,785,000 | $256,969 | $3,229 | 3.22% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 86 | $89,960,000 | $1,046,047 | $16,844 | 4.09% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 150 | $64,220,000 | $428,133 | $6,054 | 3.31% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 123 | $57,705,000 | $469,146 | $4,945 | 2.92% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 58 | $19,670,000 | $339,138 | $3,390 | 2.98% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 13 | $14,705,000 | $1,131,154 | $20,481 | 4.69% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 29 | $13,915,000 | $479,828 | $5,005 | 2.96% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 37 | $12,165,000 | $328,784 | $5,296 | 2.95% |
| Outside of Metro Areas | 33 | $10,315,000 | $312,576 | $5,748 | 3.59% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 14 | $9,630,000 | $687,857 | $14,080 | 4.72% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $9,510,000 | $951,000 | $17,968 | 3.65% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 27 | $9,135,000 | $338,333 | $5,226 | 2.94% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 25 | $8,765,000 | $350,600 | $3,075 | 3.03% |
| ANN ARBOR, MI (FHA|USDA|VA) | 32 | $8,220,000 | $256,875 | $2,701 | 3.28% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 22 | $8,070,000 | $366,818 | $5,271 | 3.55% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 11 | $8,025,000 | $729,545 | $11,333 | 4.06% |
| Key West, FL (FHA|USDA|VA) | 3 | $7,915,000 | $2,638,333 | $90,255 | 6.13% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 18 | $6,120,000 | $340,000 | $3,243 | 3.08% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 5 | $6,025,000 | $1,205,000 | $15,485 | 3.15% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $5,655,000 | $514,091 | $9,863 | 3.73% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 18 | $5,330,000 | $296,111 | $3,637 | 3.08% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 14 | $4,720,000 | $337,143 | $2,980 | 3.30% |
| Glenwood Springs, CO (FHA|USDA|VA) | 3 | $4,715,000 | $1,571,667 | $29,746 | 4.21% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 16 | $4,660,000 | $291,250 | $4,966 | 4.22% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $4,480,000 | $746,667 | $9,080 | 3.27% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 15 | $4,425,000 | $295,000 | $3,143 | 3.02% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $4,125,000 | $825,000 | $15,015 | 3.48% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $3,790,000 | $631,667 | $12,833 | 4.15% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $3,310,000 | $413,750 | $6,338 | 3.38% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $3,250,000 | $541,667 | $9,492 | 3.96% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 9 | $3,245,000 | $360,556 | $4,608 | 3.33% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $3,235,000 | $1,078,333 | $17,617 | 3.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 6 | $2,940,000 | $490,000 | $4,434 | 3.52% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $2,775,000 | $925,000 | $13,037 | 3.58% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $2,360,000 | $1,180,000 | $16,769 | 4.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 7 | $2,075,000 | $296,429 | $3,929 | 3.04% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $12,401 | 3.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $1,940,000 | $323,333 | $6,986 | 3.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,890,000 | $472,500 | $8,829 | 3.66% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,840,000 | $460,000 | $9,577 | 3.13% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $1,765,000 | $588,333 | $12,765 | 2.96% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $2,847 | 2.73% |
| FLINT, MI (FHA|USDA|VA) | 9 | $1,575,000 | $175,000 | $2,616 | 3.28% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $3,687 | 2.80% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $1,515,000 | $505,000 | $8,860 | 3.92% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $7,177 | 3.41% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $18,155 | 4.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $3,831 | 3.09% |
| OCALA, FL (FHA|USDA|VA) | 7 | $1,155,000 | $165,000 | $4,187 | 3.05% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $2,900 | 3.35% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $1,065,000 | $1,065,000 | $26,557 | 2.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $4,538 | 3.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $4,657 | 3.69% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $5,067 | 3.06% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $11,940 | 2.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $4,048 | 3.19% |
| Concord, NH (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $2,492 | 3.08% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $4,916 | 3.42% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $13,626 | 3.50% |
| KINGSTON, NY (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $4,459 | 2.75% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $3,224 | 2.75% |
| MONROE, MI (FHA|USDA|VA) | 6 | $870,000 | $145,000 | $2,505 | 3.31% |
| Heber, UT (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $22,521 | 3.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $6,101 | 3.71% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $4,177 | 2.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $4,687 | 3.21% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $5,472 | 3.33% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $3,575 | 3.53% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $7,486 | 3.13% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $4,294 | 2.63% |
| PITTSFIELD, MA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $3,567 | 2.83% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $12,039 | 3.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $11,504 | 3.63% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,533 | 2.44% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $3,000 | 3.08% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $10,436 | 3.63% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $6,063 | 3.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,549 | 3.38% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $10,472 | 4.13% |
| Torrington, CT (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,577 | 2.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,078 | 3.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $6,554 | 3.50% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $16,888 | 6.31% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,558 | 2.81% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,338 | 3.75% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $11,405 | 5.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,910 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,676 | 2.56% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,820 | 3.75% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,609 | 2.88% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,108 | 3.75% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,808 | 3.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,215 | 2.38% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,702 | 5.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,911 | 2.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,858 | 3.38% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,844 | 3.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,018 | 5.13% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 6.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,204 | 3.00% |
| MUSKEGON, MI (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,749 | 2.94% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,230 | 3.25% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,483 | 3.50% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,509 | 3.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,221 | 4.00% |
| Holland, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,386 | 3.00% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,385 | 6.50% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,690 | 3.13% |
| JACKSON, MI (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,190 | 3.44% |
| Shelby, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,004 | 4.50% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,126 | 4.99% |
| Meadville, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,324 | 4.00% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,054 | 3.13% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,942 | 3.50% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,721 | 3.50% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,825 | 3.63% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,101 | 2.63% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,381 | 2.88% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,999 | 3.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,034 | 3.00% |
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Product Mix
For 2020, Luxury Mortgage Corp.'s most frequently originated type of loan was Conventional, with 2,894 originations. Their 2nd most popular type was FHA, with 68 originations.
Loan Reason
For 2020, Luxury Mortgage Corp.'s most frequently cited loan purpose was Refi, with 1,571 originations. The 2nd most popular reason was Home Purchase, with 1,035 originations.
Loan Duration/Length
For 2020, Luxury Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 2,488 originations. The 2nd most popular length was 15 Year, with 271 originations.
Origination Fees/Closing Costs
Luxury Mortgage Corp.'s average total fees were $5,661, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,233 originations.
Interest Rates
During 2020, Luxury Mortgage Corp.'s average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,329 originations.
Loan Sizing
2020 saw Luxury Mortgage Corp. place emphasis on $200k-400k loans with 1,351 originations, totaling $409,115,000 in origination value.
Applicant Income
Luxury Mortgage Corp. lent most frequently to those with incomes in the $150k-250k range, with 789 originations. The second most popular income band? $100k-150k, with 769 originations.
Applicant Debt to Income Ratio
Luxury Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 760 originations. The next most common DTI ratio? 30-36%, with 584 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.41%
Luxury Mortgage Corp. has an average approval rate.
Pick Rate
Approvals leading to origination82.06%
Luxury Mortgage Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,976 | $1,231,000,000 | $413,642 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2,976 | $1,231,000,000 | $413,642 |