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, Dallas, Austin, and San Antonio among others. We have data for 5 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
96Origination Dollar Volume (All Markets)
$27,070,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 86 | $23,860,000 | $277,442 | $0 | 5.71% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,625,000 | $325,000 | $0 | 5.79% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 6.24% |
| Outside of Metro Areas | 2 | $510,000 | $255,000 | $0 | 5.49% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 96 | $27,070,000 | $281,979 | $0 | 5.72% |
For 2021, Sierra Lending Group's most frequently originated type of loan was Conventional, with 96 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 92 | $26,590,000 | $289,022 | $0 | 5.68% |
| Refi | 4 | $480,000 | $120,000 | $0 | 6.62% |
For 2021, Sierra Lending Group's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 96 | $27,070,000 | $281,979 | $0 | 5.72% |
For 2021, Sierra Lending Group's most frequently cited loan duration was 30 Year, with 96 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 27 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 50 | $12,520,000 | $250,400 |
| 4-5% | 28 | $11,150,000 | $398,214 |
| 6-7% | 17 | $2,745,000 | $161,471 |
| 2.5-3% | 1 | $655,000 | $655,000 |
During 2021, Sierra Lending Group's average interest rate for loans was 5.72%, while their most frequently originated rate bucket for loans was 5-6%, with 50 originations.
Loan Sizing
2021 saw Sierra Lending Group place emphasis on $200k-400k loans with 40 originations, totaling $10,950,000 in origination value.
Applicant Income
Sierra Lending Group lent most frequently to those with incomes in the $250k+ range, with 39 originations. The second most popular income band? $150k-250k, with 18 originations.
Applicant Debt to Income Ratio
Sierra Lending Group lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? <20%, with 29 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination90.63%
Sierra Lending Group has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 10151.87 | 1 | $305,000 | $305,000 |
| 10193.2 | 1 | $495,000 | $495,000 |
| 10239.02 | 1 | $255,000 | $255,000 |
| 10247.23 | 1 | $515,000 | $515,000 |
| 10265.54 | 1 | $505,000 | $505,000 |
| 10393.8 | 1 | $135,000 | $135,000 |
| 10441.04 | 1 | $345,000 | $345,000 |
| 10856.07 | 1 | $295,000 | $295,000 |
| 11135.27 | 1 | $565,000 | $565,000 |
| 11784.61 | 1 | $265,000 | $265,000 |
| 12391.22 | 1 | $395,000 | $395,000 |
| 12656.49 | 1 | $165,000 | $165,000 |
| 13450.72 | 1 | $335,000 | $335,000 |
| 13703.71 | 1 | $205,000 | $205,000 |
| 14390.64 | 1 | $745,000 | $745,000 |
| 14977.48 | 1 | $485,000 | $485,000 |
| 15087.8 | 1 | $795,000 | $795,000 |
| 15388.19 | 1 | $365,000 | $365,000 |
| 15633.43 | 1 | $225,000 | $225,000 |
| 16037.67 | 1 | $535,000 | $535,000 |
| 16899.37 | 1 | $415,000 | $415,000 |
| 17342.54 | 1 | $545,000 | $545,000 |
| 18203.66 | 1 | $655,000 | $655,000 |
| 18626.27 | 1 | $985,000 | $985,000 |
| 19094.97 | 1 | $615,000 | $615,000 |
| 23605.99 | 1 | $975,000 | $975,000 |
| 3301.59 | 1 | $85,000 | $85,000 |
| 3856.39 | 1 | $125,000 | $125,000 |
| 4047.32 | 1 | $125,000 | $125,000 |
| 4257.32 | 1 | $175,000 | $175,000 |
| 4319.18 | 1 | $115,000 | $115,000 |
| 4335.84 | 1 | $125,000 | $125,000 |
| 4354.51 | 1 | $125,000 | $125,000 |
| 4482.09 | 1 | $105,000 | $105,000 |
| 4508.41 | 2 | $330,000 | $165,000 |
| 4544.09 | 1 | $135,000 | $135,000 |
| 4550.4 | 1 | $145,000 | $145,000 |
| 4722.83 | 1 | $165,000 | $165,000 |
| 4742.74 | 1 | $95,000 | $95,000 |
| 4875.51 | 1 | $135,000 | $135,000 |
| 5007.75 | 1 | $165,000 | $165,000 |
| 5074.93 | 1 | $185,000 | $185,000 |
| 5125.38 | 1 | $185,000 | $185,000 |
| 5171.71 | 1 | $155,000 | $155,000 |
| 5192.32 | 1 | $185,000 | $185,000 |
| 5240.77 | 1 | $175,000 | $175,000 |
| 5559.91 | 1 | $235,000 | $235,000 |
| 5629.12 | 1 | $175,000 | $175,000 |
| 5710.88 | 1 | $195,000 | $195,000 |
| 5784.49 | 1 | $205,000 | $205,000 |
| 5869.44 | 1 | $215,000 | $215,000 |
| 6024.89 | 1 | $135,000 | $135,000 |
| 6043.83 | 1 | $135,000 | $135,000 |
| 6048.12 | 1 | $235,000 | $235,000 |
| 6089.33 | 1 | $215,000 | $215,000 |
| 6091.52 | 1 | $235,000 | $235,000 |
| 6117.23 | 1 | $205,000 | $205,000 |
| 6253.05 | 1 | $165,000 | $165,000 |
| 6293.34 | 1 | $125,000 | $125,000 |
| 6311.97 | 1 | $95,000 | $95,000 |
| 6410.25 | 1 | $215,000 | $215,000 |
| 6411.65 | 1 | $275,000 | $275,000 |
| 6613.12 | 1 | $265,000 | $265,000 |
| 6672.09 | 1 | $135,000 | $135,000 |
| 6683.7 | 1 | $225,000 | $225,000 |
| 6709.34 | 1 | $275,000 | $275,000 |
| 6723.07 | 1 | $285,000 | $285,000 |
| 6742.32 | 2 | $530,000 | $265,000 |
| 6825.09 | 1 | $295,000 | $295,000 |
| 6869.74 | 1 | $255,000 | $255,000 |
| 7037.57 | 1 | $265,000 | $265,000 |
| 7147.99 | 1 | $145,000 | $145,000 |
| 7360.64 | 1 | $205,000 | $205,000 |
| 7374.77 | 1 | $325,000 | $325,000 |
| 7415.87 | 1 | $225,000 | $225,000 |
| 7444.88 | 1 | $285,000 | $285,000 |
| 7447.64 | 1 | $165,000 | $165,000 |
| 7731.46 | 1 | $135,000 | $135,000 |
| 7893.3 | 1 | $355,000 | $355,000 |
| 8213.2 | 1 | $385,000 | $385,000 |
| 8329.32 | 1 | $365,000 | $365,000 |
| 8435.66 | 1 | $175,000 | $175,000 |
| 8538.44 | 1 | $405,000 | $405,000 |
| 8659.65 | 1 | $145,000 | $145,000 |
| 8670.0 | 1 | $305,000 | $305,000 |
| 8754.97 | 1 | $385,000 | $385,000 |
| 9091.42 | 1 | $435,000 | $435,000 |
| 9254.22 | 1 | $165,000 | $165,000 |
| 9297.92 | 1 | $155,000 | $155,000 |
| 9337.41 | 1 | $275,000 | $275,000 |
| 9446.19 | 1 | $205,000 | $205,000 |
| 9677.32 | 1 | $405,000 | $405,000 |
| 9678.59 | 1 | $465,000 | $465,000 |
| 9824.4 | 1 | $215,000 | $215,000 |