Loanflight Lending Mortgage Rates, Fees & Info

TAMPA, FL

LEI: 5493001141Z7CINOSB62

Tax ID: 81-3050127

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

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    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: Dallas, Atlanta, Houston, Tampa, and Los Angeles among others. We have data for 130 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.

    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 6.41% 4/18/24
    30 Year Conventional Refi 6.29% 4/18/24
    30 Year Cash-out Refi 6.47% 4/18/24
    30 Year FHA Purchase 6.85% 4/18/24
    30 Year FHA Refi 6.27% 4/18/24
    30 Year VA Purchase 5.94% 4/18/24
    30 Year VA Refi 5.65% 4/18/24
    15 Year Conventional Purchase 5.91% 4/18/24
    15 Year Conventional Refi 5.62% 4/18/24
    15 Year Cash-out Refi 5.62% 4/18/24
    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






    Your Estimates

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

    This is not an official calculator from Loanflight Lending. 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

    2,043

    Origination Dollar Volume (All Markets)

    $749,415,000
    Show all (54) 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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 156 $55,490,000 $355,705 $2,973 2.54%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 132 $47,410,000 $359,167 $2,718 2.57%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 131 $44,675,000 $341,031 $2,852 2.52%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 132 $42,840,000 $324,545 $2,344 2.69%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 84 $40,030,000 $476,548 $2,100 2.57%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 91 $36,715,000 $403,462 $1,904 2.48%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 102 $36,000,000 $352,941 $1,691 2.47%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 95 $35,235,000 $370,895 $2,685 2.56%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 90 $31,720,000 $352,444 $1,821 2.47%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 83 $31,395,000 $378,253 $1,788 2.47%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 83 $30,775,000 $370,783 $3,062 2.61%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 67 $27,355,000 $408,284 $2,097 2.53%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 55 $26,895,000 $489,000 $2,453 2.51%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 65 $22,925,000 $352,692 $2,017 2.61%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 52 $20,790,000 $399,808 $2,095 2.46%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 55 $18,645,000 $339,000 $2,317 2.57%
    JACKSONVILLE, FL (FHA|USDA|VA) 49 $17,475,000 $356,633 $2,223 2.45%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 46 $17,330,000 $376,739 $2,027 2.49%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 44 $15,570,000 $353,864 $1,914 2.57%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 46 $15,480,000 $336,522 $1,729 2.61%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 24 $8,820,000 $367,500 $2,451 2.54%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 16 $7,740,000 $483,750 $1,576 2.55%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 20 $6,400,000 $320,000 $2,500 2.64%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 13 $5,105,000 $392,692 $2,067 2.56%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 14 $4,700,000 $335,714 $1,713 2.53%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 16 $4,150,000 $259,375 $1,494 2.86%
    BOULDER, CO (FHA|USDA|VA) 9 $3,475,000 $386,111 $2,449 2.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 12 $3,460,000 $288,333 $2,113 2.71%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 9 $3,385,000 $376,111 $2,930 2.58%
    STOCKTON, CA (FHA|USDA|VA) 8 $3,280,000 $410,000 $2,240 2.61%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 8 $3,240,000 $405,000 $1,548 2.45%
    BAKERSFIELD, CA (FHA|USDA|VA) 9 $3,095,000 $343,889 $2,576 2.50%
    Outside of Metro Areas 10 $2,970,000 $297,000 $2,726 2.57%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 8 $2,850,000 $356,250 $2,302 2.55%
    HUNTSVILLE, AL (FHA|USDA|VA) 8 $2,800,000 $350,000 $2,280 2.50%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $2,405,000 $343,571 $1,510 2.74%
    RALEIGH-CARY, NC (FHA|USDA|VA) 4 $2,020,000 $505,000 $3,496 2.40%
    SAVANNAH, GA (FHA|USDA|VA) 5 $1,975,000 $395,000 $2,081 2.40%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,925,000 $385,000 $3,218 2.75%
    FRESNO, CA (FHA|USDA|VA) 5 $1,865,000 $373,000 $1,372 2.57%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $1,750,000 $291,667 $2,478 2.87%
    CHICO, CA (FHA|USDA|VA) 4 $1,730,000 $432,500 $1,494 2.59%
    VALLEJO, CA (FHA|USDA|VA) 5 $1,725,000 $345,000 $1,709 2.38%
    TUCSON, AZ (FHA|USDA|VA) 4 $1,550,000 $387,500 $1,613 2.81%
    LOUISVILLE, KY (FHA|USDA|VA) 4 $1,550,000 $387,500 $1,896 2.50%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 5 $1,495,000 $299,000 $2,337 2.35%
    FORT COLLINS, CO (FHA|USDA|VA) 4 $1,460,000 $365,000 $1,880 2.47%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,460,000 $365,000 $2,224 2.31%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $1,425,000 $285,000 $1,739 2.67%
    SALINAS, CA (FHA|USDA|VA) 3 $1,405,000 $468,333 $2,662 2.54%
    MODESTO, CA (FHA|USDA|VA) 4 $1,390,000 $347,500 $3,676 2.59%
    Edwards, CO (FHA|USDA|VA) 3 $1,355,000 $451,667 $1,870 2.54%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 4 $1,350,000 $337,500 $1,588 2.31%
    FORT WAYNE, IN (FHA|USDA|VA) 4 $1,310,000 $327,500 $1,026 2.78%
    MIDLAND, TX (FHA|USDA|VA) 3 $1,305,000 $435,000 $3,051 2.66%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $1,250,000 $312,500 $3,158 2.50%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,135,000 $378,333 $1,804 2.46%
    NAPA, CA (FHA|USDA|VA) 2 $1,040,000 $520,000 $4,776 2.69%
    PUNTA GORDA, FL (FHA|USDA|VA) 4 $1,030,000 $257,500 $1,940 2.66%
    TYLER, TX (FHA|USDA|VA) 2 $1,010,000 $505,000 $5,118 2.63%
    FLAGSTAFF, AZ (FHA|USDA|VA) 2 $920,000 $460,000 $1,369 2.43%
    GREELEY, CO (FHA|USDA|VA) 2 $880,000 $440,000 $1,438 2.68%
    TALLAHASSEE, FL (FHA|USDA|VA) 3 $875,000 $291,667 $2,283 2.33%
    BLOOMINGTON, IN (FHA|USDA|VA) 3 $865,000 $288,333 $1,309 2.71%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $820,000 $410,000 $1,438 2.62%
    GAINESVILLE, GA (FHA|USDA|VA) 2 $780,000 $390,000 $2,481 1.88%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $780,000 $390,000 $6,257 2.44%
    GAINESVILLE, FL (FHA|USDA|VA) 4 $710,000 $177,500 $1,721 2.84%
    TERRE HAUTE, IN (FHA|USDA|VA) 2 $670,000 $335,000 $1,289 2.63%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $640,000 $320,000 $2,091 2.31%
    Ukiah, CA (FHA|USDA|VA) 2 $640,000 $320,000 $1,182 2.19%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $590,000 $295,000 $1,753 2.75%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $590,000 $295,000 $1,382 3.12%
    YUBA CITY, CA (FHA|USDA|VA) 2 $580,000 $290,000 $1,805 2.81%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $580,000 $290,000 $1,477 2.38%
    Marshall, MN (FHA|USDA|VA) 2 $580,000 $290,000 $1,045 2.31%
    ROCHESTER, MN (FHA|USDA|VA) 2 $570,000 $285,000 $1,177 2.38%
    Madison, IN (FHA|USDA|VA) 2 $550,000 $275,000 $900 2.75%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $545,000 $181,667 $1,477 2.79%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $545,000 $545,000 $2,424 2.13%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $525,000 $525,000 $2,528 2.75%
    Kerrville, TX (FHA|USDA|VA) 2 $520,000 $260,000 $1,875 2.81%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $515,000 $515,000 $2,056 2.75%
    VALDOSTA, GA (FHA|USDA|VA) 2 $510,000 $255,000 $5,191 2.62%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $495,000 $495,000 $1,157 2.13%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $490,000 $245,000 $3,534 2.75%
    Alexander City, AL (FHA|USDA|VA) 1 $485,000 $485,000 $1,621 2.38%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $475,000 $475,000 $2,194 2.50%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $465,000 $465,000 $1,913 2.00%
    Brenham, TX (FHA|USDA|VA) 2 $450,000 $225,000 $4,343 3.00%
    DOTHAN, AL (FHA|USDA|VA) 1 $435,000 $435,000 $1,509 2.38%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $435,000 $435,000 $2,109 2.63%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $415,000 $415,000 $1,335 2.50%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $415,000 $415,000 $1,267 2.75%
    Granbury, TX (FHA|USDA|VA) 1 $405,000 $405,000 $3,240 2.63%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $395,000 $395,000 $1,182 2.63%
    ALBANY, GA (FHA|USDA|VA) 1 $385,000 $385,000 $2,678 2.88%
    Albertville, AL (FHA|USDA|VA) 1 $385,000 $385,000 $4,612 2.88%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $365,000 $365,000 $1,377 2.13%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $365,000 $365,000 $2,787 2.25%
    MOBILE, AL (FHA|USDA|VA) 1 $365,000 $365,000 $2,715 2.75%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $355,000 $355,000 $2,039 2.37%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $355,000 $355,000 $1,182 2.63%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $355,000 $355,000 $1,546 2.88%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $355,000 $355,000 $1,455 2.75%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $335,000 $335,000 $1,829 2.00%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $335,000 $335,000 $1,410 2.88%
    Key West, FL (FHA|USDA|VA) 1 $325,000 $325,000 $2,034 2.87%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $325,000 $325,000 $1,575 2.88%
    LAREDO, TX (FHA|USDA|VA) 1 $325,000 $325,000 $2,389 2.49%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $305,000 $305,000 $1,623 2.50%
    VISALIA, CA (FHA|USDA|VA) 1 $295,000 $295,000 $1,182 2.63%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $295,000 $295,000 $2,255 2.37%
    Jacksonville, TX (FHA|USDA|VA) 1 $295,000 $295,000 $4,211 3.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $285,000 $285,000 $2,133 2.38%
    LONGVIEW, TX (FHA|USDA|VA) 1 $285,000 $285,000 $2,592 2.38%
    Auburn, IN (FHA|USDA|VA) 1 $285,000 $285,000 $900 2.75%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $275,000 $275,000 $2,288 2.63%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $275,000 $275,000 $1,633 2.75%
    Brainerd, MN (FHA|USDA|VA) 1 $275,000 $275,000 $2,302 2.99%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $275,000 $275,000 $3,088 2.63%
    Frankfort, IN (FHA|USDA|VA) 1 $265,000 $265,000 $1,322 2.75%
    Cullman, AL (FHA|USDA|VA) 1 $255,000 $255,000 $2,734 3.25%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $245,000 $245,000 $2,546 2.13%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $245,000 $245,000 $2,045 2.87%
    Fergus Falls, MN (FHA|USDA|VA) 1 $235,000 $235,000 $1,271 2.49%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $225,000 $225,000 $987 2.38%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,243 2.63%
    DECATUR, AL (FHA|USDA|VA) 1 $215,000 $215,000 $2,093 2.87%
    MANKATO, MN (FHA|USDA|VA) 1 $155,000 $155,000 $1,532 2.99%
    Loanflight Lending's top markets include Dallas, Atlanta, Houston, Tampa, and Los Angeles among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • 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.

    EVANSVILLE
    Similarity Rank: 28
    First Savings Bank of Hegewisch
    Similarity Rank: 45
    Liberty Bank for Savings
    Similarity Rank: 153
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    BOONVILLE FEDERAL SAVINGS BANK
    Similarity Rank: 204
    The Riddell National Bank
    Similarity Rank: 252
    First Federal Savings Bank
    Similarity Rank: 252
    Mutual Savings Bank
    Similarity Rank: 264
    Heritage Federal Credit Union
    Similarity Rank: 280
    Emory Alliance Credit Union
    Similarity Rank: 305

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,018 $739,910,000 $366,655 $2,285 2.55%
    VA 23 $8,815,000 $383,261 $2,861 2.33%
    FHA 2 $690,000 $345,000 $7,751 2.44%

    For 2021, Loanflight Lending's most frequently originated type of loan was Conventional, with 2,018 originations. Their 2nd most popular type was VA, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,898 $695,840,000 $366,617 $2,187 2.54%
    Cash Out Refi 76 $27,200,000 $357,895 $3,378 2.55%
    Home Purchase 69 $26,375,000 $382,246 $4,110 2.86%

    For 2021, Loanflight Lending's most frequently cited loan purpose was Refi, with 1,898 originations. The 2nd most popular reason was Cash Out Refi, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,527 $574,715,000 $376,369 $2,378 2.66%
    15 Year 347 $119,905,000 $345,548 $2,076 2.13%
    20 Year 124 $40,180,000 $324,032 $1,944 2.53%
    10 Year 42 $13,270,000 $315,952 $2,245 1.94%
    Other 3 $1,345,000 $448,333 $1,518 2.87%

    For 2021, Loanflight Lending's most frequently cited loan duration was 30 Year, with 1,527 originations. The 2nd most popular length was 15 Year, with 347 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,751 $636,255,000 $363,367
    $1k-2k 147 $53,145,000 $361,531
    $2k-3k 75 $28,525,000 $380,333
    $3k-4k 33 $14,895,000 $451,364
    $5k+ 22 $9,920,000 $450,909
    $4k-5k 15 $6,675,000 $445,000

    Loanflight Lending's average total fees were $2,378, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,751 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 1,072 $406,220,000 $378,937
    2.5-3% 872 $314,110,000 $360,218
    3-4% 98 $29,020,000 $296,122
    4-5% 1 $65,000 $65,000

    During 2021, Loanflight Lending's average interest rate for loans was 2.66%, while their most frequently originated rate bucket for loans was <2.5%, with 1,072 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,174 $361,110,000 $307,589 $2,110 2.55%
    $400k-600k 717 $337,495,000 $470,704 $2,527 2.48%
    $100k-200k 99 $16,495,000 $166,616 $2,077 2.91%
    $600k-1MM 49 $34,015,000 $694,184 $3,867 2.82%
    $100,000 or less 4 $300,000 $75,000 $1,928 3.44%

    2021 saw Loanflight Lending place emphasis on $200k-400k loans with 1,174 originations, totaling $361,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 683 $247,715,000 $362,687 $2,245 2.56%
    $150k-250k 655 $264,005,000 $403,061 $2,394 2.50%
    $75k-100k 276 $88,480,000 $320,580 $2,061 2.61%
    $250k+ 208 $89,520,000 $430,385 $2,595 2.43%
    $50k-75k 176 $48,190,000 $273,807 $2,186 2.73%
    $50k or less 42 $10,470,000 $249,286 $2,204 2.73%

    Loanflight Lending lent most frequently to those with incomes in the $100k-150k range, with 683 originations. The second most popular income band? $150k-250k, with 655 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 623 $227,085,000 $364,502 $2,180 2.52%
    30-36% 402 $146,270,000 $363,856 $2,212 2.54%
    <20% 285 $101,255,000 $355,281 $2,148 2.51%
    42% 70 $26,250,000 $375,000 $2,330 2.58%
    37% 64 $24,010,000 $375,156 $2,674 2.53%
    36% 62 $24,400,000 $393,548 $2,291 2.55%
    39% 61 $23,465,000 $384,672 $2,502 2.66%
    40% 55 $20,435,000 $371,545 $2,462 2.57%
    41% 53 $19,945,000 $376,321 $2,530 2.65%
    38% 53 $20,505,000 $386,887 $2,569 2.61%
    43% 53 $19,175,000 $361,792 $2,781 2.70%
    44% 49 $17,475,000 $356,633 $2,544 2.68%
    47% 48 $18,560,000 $386,667 $2,259 2.62%
    45% 40 $15,100,000 $377,500 $2,381 2.56%
    46% 37 $12,455,000 $336,622 $2,540 2.59%
    48% 36 $14,750,000 $409,722 $2,541 2.56%
    49% 34 $12,220,000 $359,412 $2,403 2.58%
    50-60% 7 $2,015,000 $287,857 $2,680 2.80%

    Loanflight Lending lent most frequently to those with DTI ratios of 20-30%, with 623 originations. The next most common DTI ratio? 30-36%, with 402 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,545 $566,235,000 $366,495 $2,324 2.56%
    Asian 288 $109,780,000 $381,181 $2,175 2.49%
    Black 84 $28,200,000 $335,714 $2,570 2.65%
    Not provided 70 $25,560,000 $365,143 $1,948 2.47%
    Asian Indian 21 $7,515,000 $357,857 $2,043 2.63%
    American Indian 11 $3,915,000 $355,909 $2,371 2.60%
    Other Asian 7 $1,995,000 $285,000 $2,330 2.39%
    Filipino 5 $1,695,000 $339,000 $1,779 2.47%
    Native Hawaiian or Islander 4 $1,650,000 $412,500 $3,225 2.56%
    Vietnamese 3 $1,145,000 $381,667 $2,210 2.83%
    Korean 2 $890,000 $445,000 $1,904 2.06%
    Other Pacific Islander 1 $315,000 $315,000 $2,080 3.13%
    Chinese 1 $265,000 $265,000 $1,300 2.38%
    Japanese 1 $255,000 $255,000 $2,240 3.13%

    Approval Rates

    Total approvals of all applications
    95.12%

    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 origination
    66.72%

    Loanflight Lending 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 2,043 $749,415,000 $366,821

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,043 $749,415,000 $366,821

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 105 $35,415,000 $337,286 $2,326 2.37%
    40-60% 588 $213,710,000 $363,452 $2,068 2.48%
    60-80% 1,132 $419,870,000 $370,910 $2,383 2.59%
    80-100% 211 $77,815,000 $368,791 $2,448 2.63%
    Over 100% 1 $375,000 $375,000 $3,850 2.38%
    Under 20% 5 $1,815,000 $363,000 $2,533 2.30%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    LoanFlight Lending, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    LoanFlight Lending, LLC Conventional home mortgage Closing on a mortgage 2 66.7%