Sierra Lending Group Mortgage Rates, Fees & Info
Houston, TXLEI: 254900WBAI0VC58ALC63
Tax ID: 27-3095238
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Mortgage Data
Review & Overview
Sierra Lending Group is a smaller mortgage company specializing in Home Purchase loans. Sierra Lending Group has a high proportion of conventional loans. Their top markets by origination volume include: Houston, San Antonio, Dallas, Austin, and Killeen among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Sierra Lending Group has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. They typically have relatively high rates.
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Originations
57Origination Dollar Volume (All Markets)
$19,835,000Relative Rate
Sierra Lending Group's average 30 year fixed mortgage rate was
8.31%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.83%.
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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 47 | $16,885,000 | $359,255 | $0 | 8.37% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $0 | 7.87% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $0 | 8.32% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 7.74% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 7.99% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.49% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $19,835,000 | $347,982 | $0 | 8.31% |
For 2023, Sierra Lending Group's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 54 | $19,020,000 | $352,222 | $0 | 8.27% |
| Refi | 3 | $815,000 | $271,667 | $0 | 9.14% |
For 2023, Sierra Lending Group's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 57 | $19,835,000 | $347,982 | $0 | 8.31% |
For 2023, Sierra Lending Group's most frequently cited loan duration was 30 Year, with 57 originations.
Origination Fees/Closing Costs
Sierra Lending Group's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 12 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 38 | $12,400,000 | $326,316 |
| 7-8% | 19 | $7,435,000 | $391,316 |
During 2023, Sierra Lending Group's average interest rate for loans was 8.31%, while their most frequently originated rate bucket for loans was Over 8%, with 38 originations.
Loan Sizing
2023 saw Sierra Lending Group place emphasis on $200k-400k loans with 22 originations, totaling $5,720,000 in origination value.
Applicant Income
Sierra Lending Group lent most frequently to those with incomes in the $250k+ range, with 17 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
Sierra Lending Group lent most frequently to those with DTI ratios of 30-36%, with 15 originations. The next most common DTI ratio? 20-30%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.33%
Sierra Lending Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.49%
Sierra Lending Group has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $205,000 | $205,000 |
| 10270.0 | 1 | $955,000 | $955,000 |
| 14725.0 | 1 | $1,395,000 | $1,395,000 |
| 16370.0 | 1 | $565,000 | $565,000 |
| 17432.63 | 1 | $605,000 | $605,000 |
| 17812.5 | 1 | $1,135,000 | $1,135,000 |
| 2520.0 | 1 | $175,000 | $175,000 |
| 2594.5 | 1 | $185,000 | $185,000 |
| 2750.45 | 1 | $205,000 | $205,000 |
| 2794.0 | 1 | $205,000 | $205,000 |
| 3045.0 | 1 | $225,000 | $225,000 |
| 3149.0 | 1 | $235,000 | $235,000 |
| 3485.0 | 1 | $275,000 | $275,000 |
| 3586.11 | 1 | $125,000 | $125,000 |
| 3738.0 | 1 | $125,000 | $125,000 |
| 3788.0 | 1 | $305,000 | $305,000 |
| 4055.74 | 1 | $335,000 | $335,000 |
| 4074.34 | 1 | $335,000 | $335,000 |
| 4150.0 | 1 | $215,000 | $215,000 |
| 4164.29 | 1 | $175,000 | $175,000 |
| 4226.24 | 1 | $345,000 | $345,000 |
| 4300.0 | 1 | $175,000 | $175,000 |
| 4328.5 | 1 | $355,000 | $355,000 |
| 4479.7 | 1 | $415,000 | $415,000 |
| 4741.53 | 1 | $165,000 | $165,000 |
| 4812.5 | 1 | $405,000 | $405,000 |
| 4842.0 | 1 | $405,000 | $405,000 |
| 5084.36 | 1 | $435,000 | $435,000 |
| 5191.5 | 1 | $445,000 | $445,000 |
| 5212.5 | 1 | $445,000 | $445,000 |
| 5218.3 | 1 | $195,000 | $195,000 |
| 5467.5 | 1 | $475,000 | $475,000 |
| 5490.11 | 1 | $195,000 | $195,000 |
| 5559.76 | 1 | $195,000 | $195,000 |
| 5592.5 | 1 | $485,000 | $485,000 |
| 5701.75 | 1 | $195,000 | $195,000 |
| 5852.5 | 1 | $515,000 | $515,000 |
| 5970.34 | 1 | $205,000 | $205,000 |
| 5977.57 | 1 | $205,000 | $205,000 |
| 6247.7 | 1 | $215,000 | $215,000 |
| 6821.44 | 1 | $235,000 | $235,000 |
| 6831.49 | 1 | $235,000 | $235,000 |
| 7356.48 | 1 | $255,000 | $255,000 |
| 8065.0 | 1 | $735,000 | $735,000 |
| 8093.65 | 1 | $285,000 | $285,000 |
| 8275.0 | 1 | $755,000 | $755,000 |
| 8747.52 | 1 | $305,000 | $305,000 |
| 8944.42 | 1 | $315,000 | $315,000 |
| 9687.5 | 1 | $895,000 | $895,000 |
| NA | 8 | $1,370,000 | $171,250 |