Lbs Financial Mortgage Rates, Fees & InfoWestminster, CA
Tax ID: 95-1644568
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewLbs Financial is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Lbs Financial has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Luis Obispo, Sacramento, and Fresno among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)
Lbs Financial 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. Lbs Financial 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.44%||3/19/23|
|30 Year Conventional Refi||6.49%||3/19/23|
|30 Year Cash-out Refi||6.48%||3/19/23|
|15 Year Conventional Purchase||6.01%||3/19/23|
|15 Year Conventional Refi||6.01%||3/19/23|
|15 Year Cash-out Refi||6.01%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$82,335,000
Lbs Financial's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.04%.
Relative Fees (Closing Costs)
Lbs Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,680.
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 $4,750.
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)||221||$73,285,000||$331,606||$3,959||3.19%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||23||$7,695,000||$334,565||$5,429||3.26%|
|SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA)||1||$375,000||$375,000||$6,016||3.13%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||1||$365,000||$365,000||$8,140||2.75%|
|FRESNO, CA (FHA|USDA|VA)||1||$315,000||$315,000||$4,672||3.13%|
|HANFORD-CORCORAN, CA (FHA|USDA|VA)||1||$155,000||$155,000||$3,378||3.13%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||1||$145,000||$145,000||$2,608||3.13%|
Their top states include:
We use machine learning to identify the top lenders compared against LBS FINANCIAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Lbs Financial's most frequently originated type of loan was Conventional, with 249 originations.
For 2021, Lbs Financial's most frequently cited loan purpose was Cash Out Refi, with 136 originations. The 2nd most popular reason was Refi, with 63 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2021, Lbs Financial's most frequently cited loan duration was 30 Year, with 162 originations. The 2nd most popular length was 15 Year, with 50 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Lbs Financial's average total fees were $4,680, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 103 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Lbs Financial's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 3-4%, with 141 originations.
2021 saw Lbs Financial place emphasis on $200k-400k loans with 108 originations, totaling $31,370,000 in origination value.
Lbs Financial lent most frequently to those with incomes in the $100k-150k range, with 75 originations. The second most popular income band? $150k-250k, with 60 originations.
Applicant Debt to Income Ratio
Lbs Financial lent most frequently to those with DTI ratios of 20-30%, with 76 originations. The next most common DTI ratio? 30-36%, with 51 originations.
Approval RatesTotal approvals of all applications
Lbs Financial has an average approval rate.
Pick RateApprovals leading to origination
Lbs Financial 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|