Loanflight Lending Mortgage Rates, Fees & Info
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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 a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Atlanta, Dallas, Denver, Los Angeles, and Baltimore among others. We have data for 108 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.41% | 12/29/24 |
| 30 Year Conventional Refi | 6.29% | 12/29/24 |
| 30 Year Cash-out Refi | 6.47% | 12/29/24 |
| 30 Year FHA Purchase | 6.85% | 12/29/24 |
| 30 Year FHA Refi | 6.27% | 12/29/24 |
| 30 Year VA Purchase | 5.94% | 12/29/24 |
| 30 Year VA Refi | 5.65% | 12/29/24 |
| 15 Year Conventional Purchase | 5.91% | 12/29/24 |
| 15 Year Conventional Refi | 5.62% | 12/29/24 |
| 15 Year Cash-out Refi | 5.62% | 12/29/24 |
| 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
1,642Origination Dollar Volume (All Markets)
$608,940,000Awards
LOANFLIGHT LENDING - 2020
LOANFLIGHT LENDING is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 134 | $48,870,000 | $364,701 | $5,778 | 2.77% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 125 | $45,815,000 | $366,520 | $2,621 | 2.81% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 106 | $41,270,000 | $389,340 | $1,786 | 2.77% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 84 | $38,560,000 | $459,048 | $2,032 | 3.12% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 87 | $32,945,000 | $378,678 | $1,795 | 2.77% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 101 | $32,605,000 | $322,822 | $2,299 | 2.93% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 82 | $31,210,000 | $380,610 | $1,642 | 2.67% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 85 | $30,645,000 | $360,529 | $1,660 | 2.80% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 76 | $26,760,000 | $352,105 | $2,742 | 2.86% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 72 | $26,050,000 | $361,806 | $2,344 | 2.89% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 72 | $25,160,000 | $349,444 | $1,865 | 2.86% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 58 | $21,530,000 | $371,207 | $2,438 | 2.78% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 48 | $20,750,000 | $432,292 | $1,957 | 2.88% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 42 | $19,490,000 | $464,048 | $2,060 | 2.84% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 34 | $13,280,000 | $390,588 | $1,575 | 2.93% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 37 | $12,595,000 | $340,405 | $1,457 | 3.04% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 31 | $11,095,000 | $357,903 | $2,531 | 2.78% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 27 | $10,155,000 | $376,111 | $1,925 | 3.11% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 20 | $6,960,000 | $348,000 | $2,141 | 2.95% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 20 | $6,850,000 | $342,500 | $2,324 | 3.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 12 | $6,030,000 | $502,500 | $1,568 | 2.84% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 13 | $5,385,000 | $414,231 | $2,110 | 3.05% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 18 | $4,500,000 | $250,000 | $2,524 | 3.26% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 13 | $4,355,000 | $335,000 | $1,778 | 2.83% |
| Outside of Metro Areas | 13 | $4,235,000 | $325,769 | $2,344 | 2.94% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 13 | $4,145,000 | $318,846 | $2,149 | 2.78% |
| GREELEY, CO (FHA|USDA|VA) | 10 | $3,990,000 | $399,000 | $1,637 | 2.96% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 10 | $3,870,000 | $387,000 | $2,035 | 2.85% |
| STOCKTON, CA (FHA|USDA|VA) | 8 | $3,610,000 | $451,250 | $1,403 | 2.92% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 8 | $3,470,000 | $433,750 | $3,852 | 2.77% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 8 | $3,200,000 | $400,000 | $1,454 | 2.42% |
| BOULDER, CO (FHA|USDA|VA) | 7 | $2,865,000 | $409,286 | $1,577 | 2.77% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 9 | $2,635,000 | $292,778 | $2,552 | 2.86% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 5 | $2,315,000 | $463,000 | $1,665 | 3.07% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 6 | $2,110,000 | $351,667 | $1,380 | 3.17% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 7 | $2,015,000 | $287,857 | $2,219 | 3.03% |
| TUCSON, AZ (FHA|USDA|VA) | 6 | $1,980,000 | $330,000 | $1,747 | 2.69% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 5 | $1,835,000 | $367,000 | $3,082 | 2.90% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $1,540,000 | $385,000 | $2,947 | 2.78% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $2,306 | 2.72% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 4 | $1,460,000 | $365,000 | $1,627 | 2.84% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $1,460,000 | $365,000 | $1,604 | 2.94% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $1,455,000 | $485,000 | $1,913 | 3.25% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $1,616 | 2.47% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $2,040 | 2.50% |
| FORT WAYNE, IN (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $1,521 | 2.71% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $3,087 | 3.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $2,533 | 2.71% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $2,849 | 3.00% |
| Key West, FL (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $4,483 | 2.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $2,197 | 2.46% |
| Durango, CO (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $1,900 | 2.79% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $4,078 | 2.63% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $5,001 | 3.12% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $1,435 | 2.50% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $2,034 | 2.93% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $1,657 | 2.44% |
| Albertville, AL (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $5,598 | 3.06% |
| Granbury, TX (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $3,457 | 3.19% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $3,721 | 2.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $1,886 | 3.17% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $1,182 | 2.50% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $2,396 | 3.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $2,154 | 2.81% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,283 | 3.46% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $1,392 | 2.63% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $1,161 | 2.50% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $2,011 | 2.94% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $2,023 | 2.56% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $1,088 | 2.62% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $2,282 | 3.19% |
| COLUMBUS, IN (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $1,060 | 2.44% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $1,655 | 3.25% |
| Payson, AZ (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,368 | 2.50% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $1,910 | 2.69% |
| Sterling, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,041 | 2.75% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,514 | 3.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,769 | 2.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,131 | 4.25% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,336 | 3.13% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $1,794 | 2.75% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $1,470 | 3.13% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,864 | 3.63% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,937 | 3.25% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $1,449 | 3.38% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,612 | 3.13% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,213 | 2.99% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,706 | 2.75% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $950 | 2.63% |
| Easton, MD (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,136 | 2.99% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,087 | 3.25% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,727 | 2.75% |
| Lake City, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,355 | 2.75% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,904 | 2.38% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,360 | 2.25% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,516 | 3.13% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,081 | 2.75% |
| Auburn, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,660 | 3.13% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,490 | 2.63% |
| REDDING, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,320 | 3.75% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,163 | 2.75% |
| Edwards, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,300 | 2.99% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,071 | 2.63% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,581 | 3.49% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,101 | 4.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,584 | 2.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,311 | 3.25% |
| Centralia, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,607 | 3.75% |
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 | 1,616 | $600,610,000 | $371,665 | $2,351 | 2.85% |
| VA | 15 | $5,645,000 | $376,333 | $5,328 | 3.10% |
| FHA | 11 | $2,685,000 | $244,091 | $6,310 | 3.35% |
For 2020, Loanflight Lending's most frequently originated type of loan was Conventional, with 1,616 originations. Their 2nd most popular type was VA, with 15 originations.
Loan Reason
For 2020, Loanflight Lending's most frequently cited loan purpose was Refi, with 1,535 originations. The 2nd most popular reason was Cash Out Refi, with 55 originations.
Loan Duration/Length
For 2020, Loanflight Lending's most frequently cited loan duration was 30 Year, with 1,208 originations. The 2nd most popular length was 15 Year, with 338 originations.
Origination Fees/Closing Costs
Loanflight Lending's average total fees were $2,192, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 988 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 666 | $240,410,000 | $360,976 |
| 3-4% | 484 | $177,720,000 | $367,190 |
| <2.5% | 477 | $187,075,000 | $392,191 |
| 4-5% | 14 | $3,640,000 | $260,000 |
| 5-6% | 1 | $95,000 | $95,000 |
During 2020, Loanflight Lending's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was 2.5-3%, with 666 originations.
Loan Sizing
2020 saw Loanflight Lending place emphasis on $200k-400k loans with 953 originations, totaling $303,465,000 in origination value.
Applicant Income
Loanflight Lending lent most frequently to those with incomes in the $150k-250k range, with 540 originations. The second most popular income band? $100k-150k, with 539 originations.
Applicant Debt to Income Ratio
Loanflight Lending lent most frequently to those with DTI ratios of 20-30%, with 600 originations. The next most common DTI ratio? 30-36%, with 316 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.75%
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 origination72.11%
Loanflight Lending has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,642 | $608,940,000 | $370,853 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,642 | $608,940,000 | $370,853 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| LoanFlight Lending, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 66.7% |
| LoanFlight Lending, LLC | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |