Lbs Financial Mortgage Rates, Fees & Info

Westminster, CA

LEI: 5493000RV6UQ52SVTV40

Tax ID: 95-1644568

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Lbs 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 Francisco, San Diego, and San Luis Obispo among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lbs Financial has an 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 a low 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.

    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 6.12% 12/16/24
    30 Year Conventional Refi 6.24% 12/16/24
    30 Year Cash-out Refi 6.11% 12/16/24
    15 Year Conventional Purchase 5.32% 12/16/24
    15 Year Conventional Refi 5.57% 12/16/24
    15 Year Cash-out Refi 5.57% 12/16/24
    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.

    Lbs Financial Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Lbs Financial. 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

    277

    Origination Dollar Volume (All Markets)

    $86,405,000

    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) 240 $77,030,000 $320,958 $3,521 3.38%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 28 $6,610,000 $236,071 $3,709 3.46%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,010,000 $505,000 $9,783 3.63%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $495,000 $495,000 $6,130 3.38%
    Outside of Metro Areas 1 $335,000 $335,000 $2,735 2.88%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $325,000 $325,000 $2,065 2.50%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $285,000 $285,000 $3,054 2.88%
    VISALIA, CA (FHA|USDA|VA) 1 $135,000 $135,000 $4,136 3.13%
    FRESNO, CA (FHA|USDA|VA) 1 $125,000 $125,000 $2,910 3.75%
    CHICO, CA (FHA|USDA|VA) 1 $55,000 $55,000 $3,412 2.88%
    Lbs Financial's top markets include Los Angeles, Riverside, San Francisco, San Diego, and San Luis Obispo among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

    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.

    Chaffey Federal Credit Union
    Similarity Rank: 345
    ALTURA
    Similarity Rank: 628
    Christian Community Credit Union
    Similarity Rank: 716
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 1053
    FFC Mortgage Corp.
    Similarity Rank: 1428
    LA Financial Federal Credit Union
    Similarity Rank: 1677
    LONG BEACH FIREMEN S CREDIT UNION
    Similarity Rank: 1848
    SOUTHLAND CREDIT UNION
    Similarity Rank: 1974
    GLENDALE FEDERAL CREDIT UNION
    Similarity Rank: 2016
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 2282

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 277 $86,405,000 $311,931 $3,585 3.38%

    For 2020, Lbs Financial's most frequently originated type of loan was Conventional, with 277 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 130 $39,270,000 $302,077 $3,541 3.62%
    Refi 82 $26,660,000 $325,122 $3,144 3.02%
    Home Purchase 33 $10,825,000 $328,030 $4,742 3.47%
    Home Improvement 32 $9,650,000 $301,563 $3,697 3.22%

    For 2020, Lbs Financial's most frequently cited loan purpose was Cash Out Refi, with 130 originations. The 2nd most popular reason was Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 155 $60,155,000 $388,097 $4,250 3.38%
    15 Year 82 $17,960,000 $219,024 $2,766 3.23%
    20 Year 29 $7,675,000 $264,655 $3,301 3.01%
    10 Year 11 $615,000 $55,909 $735 5.48%

    For 2020, Lbs Financial's most frequently cited loan duration was 30 Year, with 155 originations. The 2nd most popular length was 15 Year, with 82 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 129 $40,565,000 $314,457
    $1k-2k 59 $11,265,000 $190,932
    $2k-3k 43 $15,425,000 $358,721
    $3k-4k 17 $6,325,000 $372,059
    $5k+ 15 $7,255,000 $483,667
    $4k-5k 14 $5,570,000 $397,857

    Lbs Financial's average total fees were $4,250, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 129 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 145 $53,065,000 $365,966
    2.5-3% 88 $27,230,000 $309,432
    5-6% 19 $1,065,000 $56,053
    <2.5% 18 $4,350,000 $241,667
    6-7% 5 $325,000 $65,000
    4-5% 2 $370,000 $185,000

    During 2020, Lbs Financial's average interest rate for loans was 3.38%, while their most frequently originated rate bucket for loans was 3-4%, with 145 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 126 $37,280,000 $295,873 $3,754 3.16%
    $400k-600k 57 $27,635,000 $484,825 $4,626 3.14%
    $100k-200k 44 $6,770,000 $153,864 $2,796 3.20%
    $100,000 or less 34 $2,130,000 $62,647 $1,331 4.80%
    $600k-1MM 13 $9,035,000 $695,000 $5,077 3.41%
    $1MM+ 3 $3,555,000 $1,185,000 $5,809 3.54%

    2020 saw Lbs Financial place emphasis on $200k-400k loans with 126 originations, totaling $37,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 83 $27,565,000 $332,108 $3,505 3.46%
    $150k-250k 61 $27,105,000 $444,344 $3,897 3.37%
    $75k-100k 61 $14,715,000 $241,230 $3,640 3.22%
    $50k-75k 45 $10,945,000 $243,222 $3,499 3.44%
    $50k or less 20 $3,410,000 $170,500 $3,045 3.40%
    $250k+ 7 $2,665,000 $380,714 $3,451 3.43%

    Lbs Financial lent most frequently to those with incomes in the $100k-150k range, with 83 originations. The second most popular income band? $150k-250k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 70 $21,870,000 $312,429 $3,519 3.27%
    30-36% 50 $14,780,000 $295,600 $3,371 3.43%
    <20% 21 $5,105,000 $243,095 $3,082 2.90%
    42% 15 $5,825,000 $388,333 $4,042 3.41%
    39% 15 $3,615,000 $241,000 $3,926 3.33%
    44% 13 $4,305,000 $331,154 $3,790 3.57%
    47% 12 $4,690,000 $390,833 $4,275 3.71%
    41% 12 $3,760,000 $313,333 $3,875 3.58%
    36% 10 $2,490,000 $249,000 $3,475 3.52%
    38% 9 $3,325,000 $369,444 $3,756 3.08%
    40% 9 $3,285,000 $365,000 $3,543 3.44%
    43% 9 $1,885,000 $209,444 $3,171 3.99%
    49% 7 $3,005,000 $429,286 $4,442 3.34%
    45% 6 $1,580,000 $263,333 $3,201 3.56%
    46% 6 $1,250,000 $208,333 $3,145 3.46%
    48% 5 $2,185,000 $437,000 $3,425 3.27%
    50-60% 4 $2,050,000 $512,500 $4,977 3.66%
    37% 4 $1,400,000 $350,000 $2,996 3.25%

    Lbs Financial lent most frequently to those with DTI ratios of 20-30%, with 70 originations. The next most common DTI ratio? 30-36%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 178 $54,350,000 $305,337 $3,521 3.43%
    Asian 31 $10,065,000 $324,677 $3,292 3.29%
    Black 28 $9,880,000 $352,857 $4,727 3.47%
    Not provided 29 $8,225,000 $283,621 $3,215 3.21%
    Native Hawaiian or Islander 2 $1,070,000 $535,000 $8,268 3.25%
    American Indian 2 $890,000 $445,000 $2,553 3.00%
    Filipino 2 $650,000 $325,000 $2,500 2.69%
    Asian Indian 1 $395,000 $395,000 $2,010 3.38%
    Japanese 1 $325,000 $325,000 $2,065 2.50%
    Other Asian 1 $225,000 $225,000 $3,212 3.75%
    Vietnamese 1 $165,000 $165,000 $2,210 2.50%
    Chinese 1 $165,000 $165,000 $3,552 2.50%

    Approval Rates

    Total approvals of all applications
    81.15%

    Lbs Financial has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    57.04%

    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
    NA 277 $86,405,000 $311,931

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $255,000 $255,000
    Single Family (1-4 Units):Site-Built 276 $86,150,000 $312,138

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 61 $12,995,000 $213,033 $3,069 3.06%
    40-60% 77 $27,345,000 $355,130 $3,574 3.14%
    60-80% 74 $31,010,000 $419,054 $4,405 3.23%
    80-100% 28 $12,100,000 $432,143 $5,114 3.31%
    Under 20% 36 $2,890,000 $80,278 $1,551 4.71%