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 Home Purchase loans. Lbs Financial has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Luis Obispo, Bakersfield, and Oxnard 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 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

    224

    Origination Dollar Volume (All Markets)

    $55,370,000

    Awards

    LBS FINANCIAL 30 Year Conventional Loans gold LBS FINANCIAL 30 Year Conventional Loans gold
    Show all (2) awards

    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) 183 $48,275,000 $263,798 $2,263 4.61%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 32 $5,370,000 $167,813 $1,657 5.12%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $535,000 $535,000 $0 5.63%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $440,000 $220,000 $5,452 5.31%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $380,000 $95,000 $934 5.44%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $315,000 $315,000 $4,261 5.13%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.63%
    Lbs Financial's top markets include Los Angeles, Riverside, San Luis Obispo, Bakersfield, and Oxnard 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.

    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 236
    Los Angeles Federal Credit Union
    Similarity Rank: 248
    FRONTWAVE
    Similarity Rank: 544
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 648
    LBS FINANCIAL
    Similarity Rank: 707
    First City Credit Union
    Similarity Rank: 720
    VENTURA COUNTY
    Similarity Rank: 882
    Sterling Bank and Trust, FSB
    Similarity Rank: 920
    Christian Community Credit Union
    Similarity Rank: 990
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1053

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 224 $55,370,000 $247,188 $2,170 4.71%

    For 2022, Lbs Financial's most frequently originated type of loan was Conventional, with 224 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 159 $30,615,000 $192,547 $1,349 4.95%
    Home Purchase 34 $16,280,000 $478,824 $5,535 4.61%
    Refi 23 $6,205,000 $269,783 $3,034 3.37%
    Home Improvement 7 $2,225,000 $317,857 $1,831 4.11%
    Other 1 $45,000 $45,000 $774 5.38%

    For 2022, Lbs Financial's most frequently cited loan purpose was Cash Out Refi, with 159 originations. The 2nd most popular reason was Home Purchase, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 98 $10,510,000 $107,245 $1,101 5.14%
    30 Year 86 $40,600,000 $472,093 $3,864 4.07%
    10 Year 29 $1,955,000 $67,414 $665 5.35%
    20 Year 11 $2,305,000 $209,545 $2,409 4.26%

    For 2022, Lbs Financial's most frequently cited loan duration was 15 Year, with 98 originations. The 2nd most popular length was 30 Year, with 86 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 206 $49,130,000 $238,495
    $2k-3k 6 $1,040,000 $173,333
    $4k-5k 5 $2,095,000 $419,000
    $1k-2k 4 $1,000,000 $250,000
    $5k+ 2 $1,120,000 $560,000
    $3k-4k 1 $985,000 $985,000

    Lbs Financial's average total fees were $3,864, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 206 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 91 $12,435,000 $136,648
    3-4% 54 $24,060,000 $445,556
    4-5% 35 $10,975,000 $313,571
    2.5-3% 21 $5,675,000 $270,238
    6-7% 16 $1,210,000 $75,625
    7-8% 4 $220,000 $55,000
    <2.5% 3 $795,000 $265,000

    During 2022, Lbs Financial's average interest rate for loans was 4.07%, while their most frequently originated rate bucket for loans was 5-6%, with 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 87 $4,835,000 $55,575 $684 5.62%
    $200k-400k 44 $12,740,000 $289,545 $2,909 3.85%
    $100k-200k 37 $4,905,000 $132,568 $1,833 4.75%
    $400k-600k 37 $17,555,000 $474,459 $3,979 3.92%
    $600k-1MM 17 $12,765,000 $750,882 $4,518 4.13%
    $1MM+ 2 $2,570,000 $1,285,000 $3,348 3.50%

    2022 saw Lbs Financial place emphasis on $100,000 or less loans with 87 originations, totaling $4,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 75 $18,975,000 $253,000 $2,226 4.79%
    $150k-250k 52 $17,770,000 $341,731 $2,592 4.85%
    $75k-100k 43 $7,125,000 $165,698 $1,701 4.87%
    $50k-75k 37 $6,145,000 $166,081 $1,945 4.39%
    $250k+ 10 $4,760,000 $476,000 $2,710 4.09%
    $50k or less 6 $540,000 $90,000 $1,823 4.50%

    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 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 44 $12,120,000 $275,455 $2,281 4.62%
    20-30% 31 $7,085,000 $228,548 $2,575 4.14%
    41% 16 $6,070,000 $379,375 $2,921 4.94%
    <20% 16 $3,670,000 $229,375 $2,504 4.13%
    42% 15 $2,925,000 $195,000 $1,659 5.02%
    38% 13 $2,855,000 $219,615 $2,166 4.99%
    43% 12 $2,990,000 $249,167 $1,802 4.91%
    44% 11 $2,595,000 $235,909 $1,842 4.91%
    47% 10 $2,260,000 $226,000 $1,884 4.77%
    45% 10 $1,040,000 $104,000 $1,260 5.09%
    37% 8 $4,080,000 $510,000 $3,037 4.39%
    40% 8 $1,930,000 $241,250 $2,203 5.37%
    39% 7 $1,905,000 $272,143 $1,620 4.30%
    46% 6 $300,000 $50,000 $779 5.60%
    48% 5 $1,205,000 $241,000 $1,473 6.07%
    50-60% 5 $915,000 $183,000 $2,146 5.08%
    36% 4 $1,300,000 $325,000 $3,586 3.50%
    49% 3 $125,000 $41,667 $754 5.42%

    Lbs Financial lent most frequently to those with DTI ratios of 30-36%, with 44 originations. The next most common DTI ratio? 20-30%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 142 $33,960,000 $239,155 $2,026 4.78%
    Not provided 33 $7,515,000 $227,727 $1,825 4.81%
    Asian 20 $5,850,000 $292,500 $3,559 4.64%
    Black 22 $5,620,000 $255,455 $1,873 4.49%
    Filipino 2 $1,330,000 $665,000 $6,905 3.88%
    Chinese 1 $325,000 $325,000 $3,753 4.13%
    Native Hawaiian or Islander 1 $265,000 $265,000 $2,136 2.63%
    Japanese 1 $255,000 $255,000 $2,711 3.63%
    Korean 1 $215,000 $215,000 $2,606 3.25%
    American Indian 1 $35,000 $35,000 $710 5.88%

    Approval Rates

    Total approvals of all applications
    89.88%

    Lbs Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.64%

    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 224 $55,370,000 $247,188

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    224 $55,370,000 $247,188

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $6,870,000 $264,231 $2,697 3.84%
    40-60% 33 $15,045,000 $455,909 $2,977 3.76%
    60-80% 28 $14,430,000 $515,357 $4,108 3.98%
    80-100% 20 $10,160,000 $508,000 $4,787 4.41%
    Under 20% 117 $8,865,000 $75,769 $913 5.41%