Ladera Lending Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 5493000H6DFDDJRORG89

Tax ID: 45-2481499

1 stars - Updated: 7/11/24 - out of 5 stars, based on 29 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Ladera Lending is a smaller mortgage company specializing in Refi and Home Purchase loans. Ladera Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, Phoenix, Las Vegas, and Sacramento among others. We have data for 157 markets. (Some data included below & more in-depth data is available with an active subscription.)

Ladera Lending 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. Ladera Lending is typically a high 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 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.78% 7/11/24
30 Year Conventional Refi 6.76% 7/11/24
30 Year FHA Purchase 7.28% 7/11/24
30 Year FHA Refi 7.04% 7/11/24
30 Year VA Purchase 6.17% 7/11/24
30 Year VA Refi 6.16% 7/11/24
15 Year Conventional Purchase 5.81% 7/11/24
15 Year Conventional Refi 6.30% 7/11/24
15 Year Cash-out Refi 6.30% 7/11/24
15 Year FHA Refi 5.68% 7/11/24
15 Year VA Refi 5.68% 7/11/24
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.

Ladera Lending Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Ladera Lending. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

861

Origination Dollar Volume (All Markets)

$268,225,000

Awards

LADERA LENDING 30 Year Conventional Loans bronze LADERA LENDING FHA Loans silver LADERA LENDING FHA Loans silver LADERA LENDING 30 Year Conventional Loans bronze
Show all (4) awards

Relative Rate

Ladera Lending's average 30 year fixed mortgage rate was 7.33%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.85%.

Relative Fees (Closing Costs)

Ladera Lending's average total fees/closing costs for a 30 year fixed rate mortgage were $10,708.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 68 $32,130,000 $472,500 $11,439 7.45%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 64 $21,290,000 $332,656 $10,983 7.12%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 53 $14,775,000 $278,774 $10,409 7.76%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 36 $10,180,000 $282,778 $11,877 7.62%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 23 $9,615,000 $418,043 $11,957 6.80%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 21 $8,985,000 $427,857 $12,253 7.77%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 24 $8,230,000 $342,917 $11,148 7.61%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 13 $7,365,000 $566,538 $13,003 7.45%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 23 $6,165,000 $268,043 $9,934 7.34%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 20 $6,110,000 $305,500 $13,081 6.83%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 24 $5,880,000 $245,000 $12,261 7.81%
Outside of Metro Areas 25 $5,755,000 $230,200 $8,275 6.73%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 18 $5,530,000 $307,222 $12,772 7.37%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 19 $4,495,000 $236,579 $9,633 6.33%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 13 $4,115,000 $316,538 $10,188 8.12%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 14 $3,770,000 $269,286 $10,917 7.95%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 12 $3,510,000 $292,500 $11,447 7.67%
TUCSON, AZ (FHA|USDA|VA) 11 $3,085,000 $280,455 $11,922 8.01%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7 $2,935,000 $419,286 $13,554 6.57%
RALEIGH-CARY, NC (FHA|USDA|VA) 8 $2,900,000 $362,500 $8,107 6.83%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 13 $2,795,000 $215,000 $7,638 6.51%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 11 $2,395,000 $217,727 $9,529 6.14%
JACKSONVILLE, FL (FHA|USDA|VA) 10 $2,350,000 $235,000 $9,280 6.65%
BAKERSFIELD, CA (FHA|USDA|VA) 9 $2,255,000 $250,556 $11,936 6.97%
STOCKTON, CA (FHA|USDA|VA) 7 $2,175,000 $310,714 $11,246 7.25%
COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $2,120,000 $530,000 $16,100 7.41%
ASHEVILLE, NC (FHA|USDA|VA) 3 $2,095,000 $698,333 $25,972 6.83%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $2,060,000 $1,030,000 $6,187 6.31%
RENO, NV (FHA|USDA|VA) 8 $2,030,000 $253,750 $6,098 7.81%
KNOXVILLE, TN (FHA|USDA|VA) 5 $1,925,000 $385,000 $8,425 6.80%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $1,895,000 $379,000 $11,182 6.45%
FRESNO, CA (FHA|USDA|VA) 6 $1,870,000 $311,667 $12,531 7.17%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 6 $1,840,000 $306,667 $10,375 6.44%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 7 $1,775,000 $253,571 $6,434 9.52%
SALEM, OR (FHA|USDA|VA) 6 $1,750,000 $291,667 $11,745 6.29%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 6 $1,740,000 $290,000 $13,665 8.35%
SALT LAKE CITY, UT (FHA|USDA|VA) 7 $1,735,000 $247,857 $8,408 6.46%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $1,730,000 $865,000 $9,496 6.69%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 7 $1,725,000 $246,429 $12,458 6.07%
FAYETTEVILLE, NC (FHA|USDA|VA) 8 $1,680,000 $210,000 $9,034 6.92%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,660,000 $830,000 $22,503 5.88%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 5 $1,585,000 $317,000 $12,752 6.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $1,570,000 $392,500 $11,359 7.03%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,330,000 $332,500 $10,400 7.28%
VALLEJO, CA (FHA|USDA|VA) 2 $1,320,000 $660,000 $15,477 6.38%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 6 $1,300,000 $216,667 $9,778 7.52%
Sevierville, TN (FHA|USDA|VA) 2 $1,280,000 $640,000 $11,471 6.81%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 5 $1,265,000 $253,000 $8,591 8.08%
PROVO-OREM, UT (FHA|USDA|VA) 4 $1,260,000 $315,000 $12,630 6.90%
WINSTON-SALEM, NC (FHA|USDA|VA) 4 $1,210,000 $302,500 $10,819 6.66%
NAPA, CA (FHA|USDA|VA) 2 $1,140,000 $570,000 $13,939 6.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $1,115,000 $371,667 $20,721 6.29%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $1,110,000 $555,000 $12,252 6.81%
Montrose, CO (FHA|USDA|VA) 3 $1,105,000 $368,333 $11,510 7.04%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $1,070,000 $267,500 $9,270 7.40%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $1,070,000 $267,500 $9,800 6.78%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,050,000 $525,000 $13,312 6.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,015,000 $203,000 $7,653 8.62%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $930,000 $232,500 $9,186 6.88%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $895,000 $179,000 $5,945 8.98%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $875,000 $291,667 $11,311 9.71%
WILMINGTON, NC (FHA|USDA|VA) 2 $870,000 $435,000 $9,684 6.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $850,000 $212,500 $9,002 8.06%
BOISE CITY, ID (FHA|USDA|VA) 4 $850,000 $212,500 $10,903 10.25%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 5 $845,000 $169,000 $7,010 8.88%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $840,000 $210,000 $7,583 9.19%
Sonora, CA (FHA|USDA|VA) 3 $835,000 $278,333 $10,845 7.00%
BEND, OR (FHA|USDA|VA) 3 $825,000 $275,000 $11,063 8.16%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $825,000 $275,000 $13,436 8.42%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $800,000 $400,000 $13,504 7.06%
MODESTO, CA (FHA|USDA|VA) 3 $795,000 $265,000 $10,033 7.67%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $780,000 $195,000 $9,506 7.53%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $750,000 $187,500 $7,823 6.50%
GREELEY, CO (FHA|USDA|VA) 3 $745,000 $248,333 $8,770 7.75%
SPRINGFIELD, MA (FHA|USDA|VA) 3 $745,000 $248,333 $11,747 6.79%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $735,000 $245,000 $11,712 7.67%
Outside of Metro Areas 2 $730,000 $365,000 $7,949 6.81%
CHICO, CA (FHA|USDA|VA) 3 $715,000 $238,333 $9,228 6.75%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $680,000 $340,000 $15,424 6.13%
Show Low, AZ (FHA|USDA|VA) 3 $675,000 $225,000 $8,561 9.21%
LOGAN, UT-ID (FHA|USDA|VA) 1 $625,000 $625,000 $10,225 7.50%
COLUMBIA, SC (FHA|USDA|VA) 2 $620,000 $310,000 $10,789 7.38%
ST. GEORGE, UT (FHA|USDA|VA) 1 $615,000 $615,000 $28,100 6.13%
FORT COLLINS, CO (FHA|USDA|VA) 2 $600,000 $300,000 $6,579 6.50%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $575,000 $191,667 $7,746 6.96%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $560,000 $280,000 $11,546 7.06%
SALINAS, CA (FHA|USDA|VA) 2 $550,000 $275,000 $6,587 6.81%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $540,000 $270,000 $15,785 5.81%
Rexburg, ID (FHA|USDA|VA) 2 $500,000 $250,000 $8,743 7.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $470,000 $235,000 $10,761 6.69%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $460,000 $230,000 $10,262 7.94%
PUEBLO, CO (FHA|USDA|VA) 2 $430,000 $215,000 $8,225 6.88%
Astoria, OR (FHA|USDA|VA) 2 $430,000 $215,000 $9,527 7.88%
THE VILLAGES, FL (FHA|USDA|VA) 1 $415,000 $415,000 $12,410 6.50%
Aberdeen, WA (FHA|USDA|VA) 2 $410,000 $205,000 $6,217 7.06%
BOULDER, CO (FHA|USDA|VA) 1 $385,000 $385,000 $15,617 5.75%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $365,000 $365,000 $26,937 6.63%
Sandpoint, ID (FHA|USDA|VA) 1 $365,000 $365,000 $17,302 6.99%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $365,000 $365,000 $10,634 5.88%
FLORENCE, SC (FHA|USDA|VA) 1 $355,000 $355,000 $11,218 6.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $345,000 $345,000 $18,930 5.63%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $340,000 $170,000 $5,083 6.88%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $335,000 $335,000 $16,478 6.63%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $335,000 $335,000 $6,654 7.63%
BELLINGHAM, WA (FHA|USDA|VA) 1 $315,000 $315,000 $10,236 5.63%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $305,000 $305,000 $15,565 8.00%
Crescent City, CA (FHA|USDA|VA) 1 $305,000 $305,000 $10,615 5.63%
Cookeville, TN (FHA|USDA|VA) 1 $305,000 $305,000 $5,750 7.63%
VISALIA, CA (FHA|USDA|VA) 2 $300,000 $150,000 $7,797 8.56%
Vernal, UT (FHA|USDA|VA) 1 $295,000 $295,000 $10,324 8.13%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $290,000 $145,000 $7,476 8.56%
LEWISTON, ID-WA (FHA|USDA|VA) 2 $280,000 $140,000 $4,774 8.56%
OCALA, FL (FHA|USDA|VA) 2 $280,000 $140,000 $9,777 5.81%
WALLA WALLA, WA (FHA|USDA|VA) 1 $275,000 $275,000 $13,217 5.50%
GAINESVILLE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,725 7.50%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $275,000 $275,000 $18,567 6.75%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $265,000 $88,333 $5,556 11.96%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $265,000 $265,000 $14,041 7.00%
CORVALLIS, OR (FHA|USDA|VA) 1 $255,000 $255,000 $11,205 6.63%
Lewisburg, TN (FHA|USDA|VA) 1 $255,000 $255,000 $10,688 6.88%
Brookings, OR (FHA|USDA|VA) 1 $245,000 $245,000 $11,823 6.00%
REDDING, CA (FHA|USDA|VA) 1 $245,000 $245,000 $6,344 6.99%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $240,000 $120,000 $5,821 11.00%
MORRISTOWN, TN (FHA|USDA|VA) 1 $235,000 $235,000 $7,049 6.63%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $225,000 $225,000 $9,887 7.25%
Boone, NC (FHA|USDA|VA) 1 $225,000 $225,000 $8,933 6.88%
Winnemucca, NV (FHA|USDA|VA) 1 $225,000 $225,000 $12,407 6.63%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $215,000 $215,000 $5,483 7.13%
Fernley, NV (FHA|USDA|VA) 1 $205,000 $205,000 $6,614 5.88%
Crossville, TN (FHA|USDA|VA) 1 $205,000 $205,000 $11,283 6.13%
Centralia, WA (FHA|USDA|VA) 1 $195,000 $195,000 $6,163 7.49%
Coos Bay, OR (FHA|USDA|VA) 1 $195,000 $195,000 $12,345 6.63%
SPARTANBURG, SC (FHA|USDA|VA) 1 $195,000 $195,000 $5,033 7.63%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $9,394 7.25%
MEDFORD, OR (FHA|USDA|VA) 1 $185,000 $185,000 $3,655 6.50%
Moscow, ID (FHA|USDA|VA) 1 $175,000 $175,000 $10,583 6.13%
YUMA, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $8,592 6.63%
TYLER, TX (FHA|USDA|VA) 1 $175,000 $175,000 $11,330 6.50%
Othello, WA (FHA|USDA|VA) 1 $175,000 $175,000 $11,468 5.38%
Fallon, NV (FHA|USDA|VA) 1 $165,000 $165,000 $2,672 6.50%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $155,000 $155,000 $2,571 7.00%
PITTSFIELD, MA (FHA|USDA|VA) 1 $155,000 $155,000 $8,125 9.00%
CLEVELAND, TN (FHA|USDA|VA) 1 $145,000 $145,000 $4,069 7.13%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $125,000 $125,000 $5,414 7.25%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,560 6.13%
Blackfoot, ID (FHA|USDA|VA) 1 $115,000 $115,000 $7,610 11.25%
Cullowhee, NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,190 6.63%
Clearlake, CA (FHA|USDA|VA) 1 $105,000 $105,000 $6,446 11.13%
EL CENTRO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $6,848 6.25%
Jackson, WY-ID (FHA|USDA|VA) 1 $105,000 $105,000 $5,832 10.50%
WENATCHEE, WA (FHA|USDA|VA) 1 $105,000 $105,000 $5,386 10.50%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $85,000 $85,000 $5,241 11.13%
Edwards, CO (FHA|USDA|VA) 1 $85,000 $85,000 $4,948 10.88%
CARSON CITY, NV (FHA|USDA|VA) 1 $75,000 $75,000 $5,178 13.88%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $75,000 $75,000 $4,791 10.75%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $4,349 11.88%
McMinnville, TN (FHA|USDA|VA) 1 $65,000 $65,000 $3,509 5.88%
Ladera Lending's top markets include Los Angeles, Riverside, Phoenix, Las Vegas, and Sacramento among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against LADERA LENDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    COASTHILLS
    Similarity Rank: 45
    SYNERGY HOME MORTGAGE, LLC
    Similarity Rank: 92
    MISSION
    Similarity Rank: 93
    Educational Employees Credit Union
    Similarity Rank: 110
    PIMA Federal Credit Union
    Similarity Rank: 110
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 126
    ONE NEVADA CREDIT UNION
    Similarity Rank: 182
    GREATER NEVADA LLC
    Similarity Rank: 192
    CALIFORNIA CREDIT UNION
    Similarity Rank: 208

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 516 $136,040,000 $263,643 $7,362 7.99%
    FHA 226 $75,330,000 $333,319 $15,177 6.44%
    VA 119 $56,855,000 $477,773 $16,598 6.35%

    For 2023, Ladera Lending's most frequently originated type of loan was Conventional, with 516 originations. Their 2nd most popular type was FHA, with 226 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 759 $212,395,000 $279,835 $10,640 7.44%
    Home Purchase 102 $55,830,000 $547,353 $11,130 6.77%

    For 2023, Ladera Lending's most frequently cited loan purpose was Refi, with 759 originations. The 2nd most popular reason was Home Purchase, with 102 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 825 $259,235,000 $314,224 $10,708 7.33%
    15 Year 14 $3,860,000 $275,714 $9,860 7.83%
    20 Year 13 $2,235,000 $171,923 $7,319 8.88%
    Other 8 $2,740,000 $342,500 $17,321 6.63%
    10 Year 1 $155,000 $155,000 $5,388 6.25%

    For 2023, Ladera Lending's most frequently cited loan duration was 30 Year, with 825 originations. The 2nd most popular length was 15 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 482 $169,380,000 $351,411
    $3k-4k 125 $20,075,000 $160,600
    $4k-5k 108 $24,670,000 $228,426
    $1k-2k 84 $38,010,000 $452,500
    $2k-3k 62 $16,090,000 $259,516

    Ladera Lending's average total fees were $10,708, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 482 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 388 $139,300,000 $359,021
    5-6% 168 $56,450,000 $336,012
    Over 8% 158 $20,300,000 $128,481
    7-8% 145 $51,545,000 $355,483
    4-5% 2 $630,000 $315,000

    During 2023, Ladera Lending's average interest rate for loans was 7.33%, while their most frequently originated rate bucket for loans was 6-7%, with 388 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 390 $110,920,000 $284,410 $11,587 6.70%
    $100k-200k 184 $28,190,000 $153,207 $6,328 7.73%
    $400k-600k 121 $58,845,000 $486,322 $14,953 6.58%
    $100,000 or less 90 $7,000,000 $77,778 $4,877 11.18%
    $600k-1MM 64 $46,510,000 $726,719 $17,796 6.56%
    $1MM+ 12 $16,760,000 $1,396,667 $11,858 6.51%

    2023 saw Ladera Lending place emphasis on $200k-400k loans with 390 originations, totaling $110,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 239 $75,275,000 $314,958 $11,532 7.48%
    $75k-100k 183 $43,965,000 $240,246 $10,004 7.59%
    $50k-75k 161 $35,515,000 $220,590 $9,558 7.03%
    $150k-250k 154 $62,640,000 $406,753 $12,597 7.53%
    $50k or less 65 $11,965,000 $184,077 $7,428 6.47%
    $250k+ 59 $38,865,000 $658,729 $11,224 7.57%

    Ladera Lending lent most frequently to those with incomes in the $100k-150k range, with 239 originations. The second most popular income band? $75k-100k, with 183 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 140 $53,870,000 $384,786 $15,395 6.37%
    30-36% 111 $33,155,000 $298,694 $9,954 7.26%
    20-30% 81 $26,155,000 $322,901 $7,605 6.99%
    44% 52 $13,890,000 $267,115 $9,916 7.39%
    42% 48 $9,930,000 $206,875 $7,770 9.03%
    49% 48 $17,100,000 $356,250 $11,648 7.13%
    41% 42 $12,260,000 $291,905 $9,343 7.98%
    47% 41 $12,905,000 $314,756 $10,817 7.33%
    48% 34 $12,450,000 $366,176 $11,854 7.18%
    36% 34 $8,230,000 $242,059 $9,845 7.86%
    43% 33 $11,225,000 $340,152 $11,584 7.47%
    40% 33 $9,675,000 $293,182 $10,733 7.95%
    39% 32 $8,960,000 $280,000 $9,261 8.34%
    46% 31 $9,295,000 $299,839 $11,503 7.07%
    37% 30 $8,140,000 $271,333 $10,462 7.21%
    45% 28 $9,200,000 $328,571 $9,313 7.46%
    38% 23 $5,475,000 $238,043 $8,571 8.65%
    <20% 13 $4,215,000 $324,231 $7,322 6.59%

    Ladera Lending lent most frequently to those with DTI ratios of 50-60%, with 140 originations. The next most common DTI ratio? 30-36%, with 111 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 661 $201,255,000 $304,470 $10,427 7.47%
    Not provided 104 $34,500,000 $331,731 $11,703 6.97%
    Black 56 $18,180,000 $324,643 $12,327 6.98%
    Asian 36 $13,200,000 $366,667 $10,309 7.11%
    American Indian 2 $620,000 $310,000 $6,775 7.44%
    Native Hawaiian or Islander 2 $470,000 $235,000 $12,825 6.69%

    Approval Rates

    Total approvals of all applications
    94.99%

    Ladera Lending has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -138.44%

    Ladera Lending has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 861 $268,225,000 $311,527

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    861 $268,225,000 $311,527

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 119 $22,885,000 $192,311 $6,811 8.23%
    40-60% 186 $54,510,000 $293,065 $9,220 6.60%
    60-80% 254 $95,680,000 $376,693 $12,444 6.65%
    80-100% 186 $81,530,000 $438,333 $15,105 6.51%
    Over 100% 5 $2,355,000 $471,000 $23,655 6.22%
    Under 20% 111 $11,265,000 $101,486 $5,329 10.79%