Loanflight Lending Mortgage Rates, Fees & Info
TAMPA, FLLEI: 5493001141Z7CINOSB62
Tax ID: 81-3050127
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Mortgage Data
Review & Overview
Loanflight Lending is a smaller mortgage company specializing in Refi loans. Loanflight Lending has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, Tampa, Dallas, Houston, and San Francisco among others. We have data for 74 markets. (Some data included below & more in-depth data is available with an active subscription.)Loanflight 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. Loanflight Lending 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.41% | 4/21/24 |
| 30 Year Conventional Refi | 6.29% | 4/21/24 |
| 30 Year Cash-out Refi | 6.47% | 4/21/24 |
| 30 Year FHA Purchase | 6.85% | 4/21/24 |
| 30 Year FHA Refi | 6.27% | 4/21/24 |
| 30 Year VA Purchase | 5.94% | 4/21/24 |
| 30 Year VA Refi | 5.65% | 4/21/24 |
| 15 Year Conventional Purchase | 5.91% | 4/21/24 |
| 15 Year Conventional Refi | 5.62% | 4/21/24 |
| 15 Year Cash-out Refi | 5.62% | 4/21/24 |
| 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. | ||
Loanflight Lending Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
586Origination Dollar Volume (All Markets)
$212,330,000Awards
LOANFLIGHT LENDING - 2019
LOANFLIGHT LENDING is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 48 | $22,490,000 | $468,542 | $2,458 | 3.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 68 | $20,380,000 | $299,706 | $3,570 | 3.84% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 46 | $15,420,000 | $335,217 | $3,756 | 3.51% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 32 | $11,490,000 | $359,063 | $3,794 | 3.46% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 22 | $11,450,000 | $520,455 | $2,272 | 3.55% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 30 | $11,120,000 | $370,667 | $3,240 | 3.51% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 34 | $10,980,000 | $322,941 | $2,546 | 3.43% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 31 | $10,495,000 | $338,548 | $3,433 | 3.62% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 18 | $8,290,000 | $460,556 | $3,285 | 3.51% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 16 | $6,580,000 | $411,250 | $2,959 | 3.55% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 21 | $6,355,000 | $302,619 | $2,879 | 3.66% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 18 | $6,350,000 | $352,778 | $2,669 | 3.57% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 18 | $5,840,000 | $324,444 | $2,288 | 3.55% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 14 | $5,110,000 | $365,000 | $2,044 | 3.57% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 11 | $4,385,000 | $398,636 | $2,673 | 3.40% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 12 | $3,900,000 | $325,000 | $3,083 | 3.43% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 9 | $3,885,000 | $431,667 | $2,374 | 3.51% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 7 | $3,435,000 | $490,714 | $3,168 | 3.52% |
| LOUISVILLE, KY (FHA|USDA|VA) | 10 | $3,260,000 | $326,000 | $1,674 | 3.54% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 9 | $3,035,000 | $337,222 | $2,680 | 3.64% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 10 | $2,990,000 | $299,000 | $3,196 | 3.70% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $2,030,000 | $338,333 | $1,689 | 3.24% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 8 | $1,660,000 | $207,500 | $1,679 | 4.19% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,580,000 | $395,000 | $4,878 | 3.53% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,540,000 | $385,000 | $1,967 | 3.34% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $3,511 | 3.31% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,455,000 | $485,000 | $2,712 | 3.58% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $2,081 | 3.45% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $1,398 | 3.58% |
| FORT WAYNE, IN (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $1,518 | 3.54% |
| Outside of Metro Areas | 3 | $1,085,000 | $361,667 | $3,797 | 3.41% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $2,797 | 3.62% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $4,307 | 3.49% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $1,860 | 3.54% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $2,630 | 3.54% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $4,771 | 3.75% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $3,112 | 3.56% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $3,070 | 3.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $1,496 | 3.75% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $2,127 | 3.75% |
| Key West, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,310 | 3.31% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,664 | 3.38% |
| OCALA, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,071 | 3.63% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,577 | 3.56% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,569 | 3.43% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $8,987 | 4.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $2,221 | 3.50% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $1,352 | 3.88% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $1,204 | 2.88% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $7,771 | 2.75% |
| Durango, CO (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,097 | 3.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,121 | 2.99% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $1,437 | 2.99% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,736 | 3.38% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,015 | 3.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $1,946 | 3.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,514 | 3.38% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,485 | 3.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,094 | 3.75% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,207 | 3.38% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,868 | 3.38% |
| CHICO, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $1,330 | 3.63% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,969 | 3.00% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,997 | 3.13% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,671 | 3.75% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,181 | 3.25% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,614 | 3.63% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,702 | 3.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,747 | 3.50% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,818 | 3.63% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,563 | 3.63% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,307 | 3.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,366 | 4.75% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,738 | 4.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against LOANFLIGHT LENDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 584 | $211,910,000 | $362,860 | $2,967 | 3.57% |
| USDA | 2 | $420,000 | $210,000 | $4,114 | 4.06% |
For 2019, Loanflight Lending's most frequently originated type of loan was Conventional, with 584 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
For 2019, Loanflight Lending's most frequently cited loan purpose was Refi, with 522 originations. The 2nd most popular reason was Home Purchase, with 60 originations.
Loan Duration/Length
For 2019, Loanflight Lending's most frequently cited loan duration was 30 Year, with 406 originations. The 2nd most popular length was 15 Year, with 130 originations.
Origination Fees/Closing Costs
Loanflight Lending's average total fees were $3,017, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 454 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 472 | $173,000,000 | $366,525 |
| 2.5-3% | 64 | $25,140,000 | $392,813 |
| 4-5% | 48 | $13,820,000 | $287,917 |
| 5-6% | 2 | $370,000 | $185,000 |
During 2019, Loanflight Lending's average interest rate for loans was 3.72%, while their most frequently originated rate bucket for loans was 3-4%, with 472 originations.
Loan Sizing
2019 saw Loanflight Lending place emphasis on $200k-400k loans with 333 originations, totaling $101,245,000 in origination value.
Applicant Income
Loanflight Lending lent most frequently to those with incomes in the $100k-150k range, with 194 originations. The second most popular income band? $150k-250k, with 180 originations.
Applicant Debt to Income Ratio
Loanflight Lending lent most frequently to those with DTI ratios of 20-30%, with 174 originations. The next most common DTI ratio? 30-36%, with 104 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.43%
Loanflight Lending has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination78.84%
Loanflight Lending has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 586 | $212,330,000 | $362,338 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 586 | $212,330,000 | $362,338 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| LoanFlight Lending, LLC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |