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, Cash Out Refi, and Home Purchase 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: Tampa, Dallas, Atlanta, Phoenix, and Houston among others. We have data for 78 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 an average 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% | 4/28/24 |
| 30 Year Conventional Refi | 6.29% | 4/28/24 |
| 30 Year Cash-out Refi | 6.47% | 4/28/24 |
| 30 Year FHA Purchase | 6.85% | 4/28/24 |
| 30 Year FHA Refi | 6.27% | 4/28/24 |
| 30 Year VA Purchase | 5.94% | 4/28/24 |
| 30 Year VA Refi | 5.65% | 4/28/24 |
| 15 Year Conventional Purchase | 5.91% | 4/28/24 |
| 15 Year Conventional Refi | 5.62% | 4/28/24 |
| 15 Year Cash-out Refi | 5.62% | 4/28/24 |
| 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
325Origination Dollar Volume (All Markets)
$135,325,000Awards
LOANFLIGHT LENDING - 2022
LOANFLIGHT LENDING is a 2022 , due to their low .
For 2022, 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 |
|---|---|---|---|---|---|
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 34 | $12,620,000 | $371,176 | $3,889 | 4.09% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 22 | $10,130,000 | $460,455 | $6,288 | 3.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 25 | $9,425,000 | $377,000 | $5,511 | 3.61% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 17 | $7,425,000 | $436,765 | $5,412 | 3.15% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 16 | $6,620,000 | $413,750 | $6,160 | 3.99% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $5,500,000 | $687,500 | $6,760 | 3.44% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 11 | $4,815,000 | $437,727 | $5,838 | 3.10% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 12 | $4,500,000 | $375,000 | $5,774 | 3.72% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $4,120,000 | $686,667 | $6,841 | 2.69% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 8 | $4,040,000 | $505,000 | $6,160 | 3.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 9 | $3,715,000 | $412,778 | $6,779 | 3.97% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 11 | $3,605,000 | $327,727 | $4,220 | 4.08% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $3,435,000 | $381,667 | $5,344 | 3.65% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 7 | $3,435,000 | $490,714 | $2,035 | 3.14% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $3,260,000 | $407,500 | $5,280 | 3.75% |
| Outside of Metro Areas | 8 | $2,980,000 | $372,500 | $4,569 | 3.58% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $2,760,000 | $690,000 | $3,976 | 3.59% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 8 | $2,430,000 | $303,750 | $6,990 | 3.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $2,380,000 | $595,000 | $5,028 | 5.09% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 5 | $2,345,000 | $469,000 | $6,257 | 3.57% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $2,250,000 | $375,000 | $2,662 | 3.73% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $2,155,000 | $431,000 | $3,236 | 3.22% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,910,000 | $477,500 | $3,035 | 3.06% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $1,615,000 | $323,000 | $3,140 | 3.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $5,869 | 3.83% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,335,000 | $445,000 | $6,251 | 4.83% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,290,000 | $645,000 | $19,148 | 4.13% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $8,943 | 3.06% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $8,880 | 2.88% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $1,947 | 4.68% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $2,507 | 4.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $2,235 | 2.88% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $8,693 | 3.69% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $5,359 | 4.92% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $10,356 | 4.69% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $7,093 | 4.50% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $2,973 | 4.71% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $2,135 | 2.88% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $1,580 | 2.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $2,525 | 2.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $8,692 | 4.88% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $5,411 | 2.88% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $2,603 | 3.49% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $10,115 | 3.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $2,888 | 2.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $10,023 | 3.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,848 | 3.37% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,360 | 2.13% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $15,404 | 4.00% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,442 | 3.75% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,842 | 4.88% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,288 | 3.88% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $1,254 | 2.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,190 | 2.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,473 | 3.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $17,918 | 2.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,109 | 3.38% |
| REDDING, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,724 | 2.99% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,138 | 2.87% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,993 | 3.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,730 | 5.88% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,061 | 3.13% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,965 | 6.50% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,067 | 3.75% |
| Shelby, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,723 | 2.88% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,172 | 2.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,865 | 4.88% |
| ROME, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,724 | 2.37% |
| TYLER, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,275 | 4.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,591 | 2.00% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,569 | 4.88% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,565 | 4.50% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,130 | 2.99% |
| Washington, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,591 | 5.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,654 | 3.99% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,633 | 3.49% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,519 | 4.25% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,278 | 3.88% |
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 | 280 | $119,530,000 | $426,893 | $5,007 | 3.66% |
| VA | 32 | $12,340,000 | $385,625 | $6,275 | 3.32% |
| FHA | 13 | $3,455,000 | $265,769 | $9,363 | 5.11% |
For 2022, Loanflight Lending's most frequently originated type of loan was Conventional, with 280 originations. Their 2nd most popular type was VA, with 32 originations.
Loan Reason
For 2022, Loanflight Lending's most frequently cited loan purpose was Refi, with 145 originations. The 2nd most popular reason was Cash Out Refi, with 101 originations.
Loan Duration/Length
For 2022, Loanflight Lending's most frequently cited loan duration was 30 Year, with 275 originations. The 2nd most popular length was 15 Year, with 33 originations.
Origination Fees/Closing Costs
Loanflight Lending's average total fees were $5,495, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 167 originations.
Interest Rates
During 2022, Loanflight Lending's average interest rate for loans was 3.86%, while their most frequently originated rate bucket for loans was 3-4%, with 117 originations.
Loan Sizing
2022 saw Loanflight Lending place emphasis on $200k-400k loans with 125 originations, totaling $37,465,000 in origination value.
Applicant Income
Loanflight Lending lent most frequently to those with incomes in the $100k-150k range, with 94 originations. The second most popular income band? $150k-250k, with 88 originations.
Applicant Debt to Income Ratio
Loanflight Lending lent most frequently to those with DTI ratios of 20-30%, with 74 originations. The next most common DTI ratio? 30-36%, with 56 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.78%
Loanflight Lending has an average approval rate.
Pick Rate
Approvals leading to origination54.15%
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 | 325 | $135,325,000 | $416,385 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| LoanFlight Lending, LLC | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |