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 two markets are Houston and Dallas .Sierra Lending Group 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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 9.17% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 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. | ||
Sierra Lending Group 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
26Origination Dollar Volume (All Markets)
$7,080,000Relative Rate
Sierra Lending Group's average 30 year fixed mortgage rate was
9.06%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 2.51%.
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) | 22 | $6,230,000 | $283,182 | $0 | 9.05% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $0 | 9.16% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $7,080,000 | $272,308 | $0 | 9.06% |
For 2024, Sierra Lending Group's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 25 | $6,915,000 | $276,600 | $0 | 9.09% |
| Refi | 1 | $165,000 | $165,000 | $0 | 8.49% |
For 2024, Sierra Lending Group's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 26 | $7,080,000 | $272,308 | $0 | 9.06% |
For 2024, Sierra Lending Group's most frequently cited loan duration was 30 Year, with 26 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 10 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 26 | $7,080,000 | $272,308 |
During 2024, Sierra Lending Group's average interest rate for loans was 9.06%, while their most frequently originated rate bucket for loans was Over 8%, with 26 originations.
Loan Sizing
2024 saw Sierra Lending Group place emphasis on $200k-400k loans with 15 originations, totaling $4,415,000 in origination value.
Applicant Income
Sierra Lending Group lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
Sierra Lending Group lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? 39%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 26 | $7,080,000 | $272,308 | $0 | 9.06% |
Approval Rates
Total approvals of all applications96.88%
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 origination84.62%
Sierra Lending Group has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 10250.0 | 1 | $475,000 | $475,000 |
| 10477.87 | 1 | $365,000 | $365,000 |
| 2640.0 | 1 | $175,000 | $175,000 |
| 3138.5 | 1 | $235,000 | $235,000 |
| 3725.0 | 1 | $295,000 | $295,000 |
| 4441.25 | 1 | $165,000 | $165,000 |
| 4481.5 | 1 | $375,000 | $375,000 |
| 5129.45 | 1 | $175,000 | $175,000 |
| 5364.5 | 1 | $185,000 | $185,000 |
| 5392.5 | 1 | $185,000 | $185,000 |
| 5470.23 | 1 | $195,000 | $195,000 |
| 5530.22 | 1 | $195,000 | $195,000 |
| 5671.88 | 1 | $135,000 | $135,000 |
| 6122.27 | 1 | $215,000 | $215,000 |
| 6875.0 | 1 | $615,000 | $615,000 |
| 7180.0 | 1 | $165,000 | $165,000 |
| 7330.19 | 1 | $255,000 | $255,000 |
| 7335.25 | 1 | $255,000 | $255,000 |
| 7847.1 | 1 | $275,000 | $275,000 |
| 8202.5 | 1 | $285,000 | $285,000 |
| 8225.12 | 1 | $285,000 | $285,000 |
| 8675.95 | 1 | $305,000 | $305,000 |
| 8798.26 | 1 | $305,000 | $305,000 |
| 8864.41 | 1 | $305,000 | $305,000 |
| 9199.11 | 1 | $315,000 | $315,000 |
| 9941.56 | 1 | $345,000 | $345,000 |