Planet Home Lending Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 54930021WPEXNHYZUL09

Tax ID: 26-0362771

2020 Data | 2019 Data | 2018 Data


Overview

Planet Home Lending is a mid-sized mortgage company specializing in Refi and Home Purchase loans. Planet Home Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Denver, Las Vegas, San Diego, Washington, and Riverside among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Planet Home Lending is typically an average fee lendor.


Originations

21,252

Origination Dollar Volume (All Markets)

$5,899,460,000

Relative Rate

Planet Home Lending 's average 30 year fixed rate mortgage was 3.19%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.17%.

Relative Fees

Planet Home Lending 's average total fees for a 30 year fixed rate mortgage are $5,292.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 9,355 $2,785,565,000 $297,762 $5,029 3.08%
VA 5,902 $1,687,700,000 $285,954 $3,571 2.91%
FHA 5,688 $1,371,420,000 $241,108 $7,041 3.21%
USDA 307 $54,775,000 $178,420 $6,141 3.27%

For the 2020 period, Planet Home Lending 's most frequently originated loan type was Conventional, with 9,355 originations. Their 2nd most popular type is VA, with 5,902 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 14,099 $3,946,755,000 $279,932 $4,204 2.95%
Home Purchase 4,667 $1,238,375,000 $265,347 $7,691 3.29%
Cash Out Refi 2,486 $714,330,000 $287,341 $6,273 3.36%

For the 2020, Planet Home Lending 's most frequently cited loan purpose was Refi, with 14,099 originations. The 2nd most popular reason was Home Purchase, with 4,667 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 18,782 $5,310,560,000 $282,747 $5,292 3.11%
15 Year 1,375 $327,055,000 $237,858 $4,055 2.70%
20 Year 657 $161,495,000 $245,807 $4,374 3.05%
Other 340 $87,070,000 $256,088 $4,097 3.00%
10 Year 81 $13,155,000 $162,407 $10,935 2.22%
3 Year 9 $85,000 $9,444 $0 0.00%
5 Year 8 $40,000 $5,000 $0 0.00%

For the 2020, Planet Home Lending 's most frequently cited loan length was 30 Year, with 18,782 originations. The 2nd most popular length was 15 Year, with 1,375 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 10,683 $2,773,565,000 $259,624
$1k-2k 5,619 $1,680,415,000 $299,059
$2k-3k 1,755 $452,695,000 $257,946
$3k-4k 1,570 $462,830,000 $294,796
$5k+ 843 $340,875,000 $404,359

$5,292 was Planet Home Lending 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 10,683 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DENVER-AURORA-LAKEWOOD, CO 1,280 $439,800,000 $343,594 $5,186 3.07%
LAS VEGAS-HENDERSON-PARADISE, NV 1,330 $356,360,000 $267,940 $4,920 3.07%
Outside of Metro Areas 1,520 $319,630,000 $210,283 $4,317 3.16%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 571 $246,645,000 $431,953 $7,961 2.95%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 587 $217,775,000 $370,997 $6,210 3.08%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 512 $163,590,000 $319,512 $5,234 2.96%
BOULDER, CO 389 $157,425,000 $404,692 $3,927 3.07%
LOS ANGELES-LONG BEACH-GLENDALE, CA 346 $145,670,000 $421,012 $6,207 3.01%
OAKLAND-BERKELEY-LIVERMORE, CA 316 $141,690,000 $448,386 $5,785 3.09%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 462 $134,780,000 $291,732 $8,104 3.04%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 243 $120,935,000 $497,675 $4,738 3.07%
CHICAGO-NAPERVILLE-EVANSTON, IL 428 $104,680,000 $244,579 $5,651 3.16%
DALLAS-PLANO-IRVING, TX 377 $103,375,000 $274,204 $5,593 2.95%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 416 $101,740,000 $244,567 $6,776 3.09%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 284 $100,060,000 $352,324 $4,775 3.02%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 337 $99,225,000 $294,436 $4,812 2.97%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 369 $91,675,000 $248,442 $4,173 3.08%
PHOENIX-MESA-CHANDLER, AZ 322 $86,640,000 $269,068 $4,114 2.98%
SEATTLE-BELLEVUE-KENT, WA 220 $86,120,000 $391,455 $6,967 3.18%
SAN ANTONIO-NEW BRAUNFELS, TX 336 $80,600,000 $239,881 $4,899 3.01%
PORT ST. LUCIE, FL 296 $73,470,000 $248,209 $10,092 3.16%
ST. LOUIS, MO-IL 318 $72,170,000 $226,950 $5,818 3.10%
BALTIMORE-COLUMBIA-TOWSON, MD 226 $70,790,000 $313,230 $4,793 2.92%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 264 $66,040,000 $250,152 $4,805 3.06%
COLORADO SPRINGS, CO 207 $64,795,000 $313,019 $3,944 2.93%
BROWNSVILLE-HARLINGEN, TX 407 $62,735,000 $154,140 $6,875 3.18%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 237 $59,885,000 $252,679 $5,284 3.02%
ORLANDO-KISSIMMEE-SANFORD, FL 228 $59,480,000 $260,877 $5,414 3.04%
TACOMA-LAKEWOOD, WA 171 $54,585,000 $319,211 $4,981 2.98%
SHREVEPORT-BOSSIER CITY, LA 307 $49,335,000 $160,700 $5,684 3.49%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 164 $47,910,000 $292,134 $4,756 3.01%
KILLEEN-TEMPLE, TX 221 $46,695,000 $211,290 $4,465 3.48%
ANAHEIM-SANTA ANA-IRVINE, CA 96 $44,500,000 $463,542 $5,899 2.97%
JACKSON, MS 185 $38,785,000 $209,649 $6,100 3.10%
GREELEY, CO 115 $37,855,000 $329,174 $5,044 3.05%
MIAMI-MIAMI BEACH-KENDALL, FL 124 $35,610,000 $287,177 $6,522 3.10%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 107 $34,315,000 $320,701 $5,888 3.00%
KANSAS CITY, MO-KS 158 $34,070,000 $215,633 $4,113 3.19%
JACKSONVILLE, FL 109 $29,525,000 $270,872 $4,447 3.06%
PITTSBURGH, PA 137 $29,485,000 $215,219 $9,635 3.02%
FORT COLLINS, CO 83 $28,295,000 $340,904 $5,203 3.13%
NEW BRUNSWICK-LAKEWOOD, NJ 82 $28,220,000 $344,146 $7,143 3.04%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 94 $26,680,000 $283,830 $6,086 3.08%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 102 $25,580,000 $250,784 $3,681 2.99%
MEMPHIS, TN-MS-AR 104 $25,320,000 $243,462 $3,440 2.94%
OKLAHOMA CITY, OK 104 $25,030,000 $240,673 $6,715 2.92%
WICHITA, KS 156 $24,810,000 $159,038 $4,099 3.37%
ELGIN, IL 104 $24,090,000 $231,635 $7,339 3.19%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 61 $24,025,000 $393,852 $4,532 2.90%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 49 $23,725,000 $484,184 $4,700 3.02%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 85 $23,675,000 $278,529 $7,913 3.12%
SANTA CRUZ-WATSONVILLE, CA 43 $23,505,000 $546,628 $5,896 3.06%
HUNTSVILLE, AL 95 $22,655,000 $238,474 $5,748 3.05%
WARREN-TROY-FARMINGTON HILLS, MI 102 $22,090,000 $216,569 $2,901 3.06%
RICHMOND, VA 77 $21,035,000 $273,182 $4,075 3.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 87 $20,895,000 $240,172 $3,480 2.99%
AUGUSTA-RICHMOND COUNTY, GA-SC 100 $20,650,000 $206,500 $5,632 3.38%
OLYMPIA-LACEY-TUMWATER, WA 67 $20,235,000 $302,015 $3,631 2.94%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 55 $20,125,000 $365,909 $7,846 3.09%
OXNARD-THOUSAND OAKS-VENTURA, CA 45 $19,555,000 $434,556 $4,739 2.94%
STOCKTON, CA 58 $19,480,000 $335,862 $4,455 3.14%
SALINAS, CA 49 $19,475,000 $397,449 $5,749 2.97%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 68 $19,360,000 $284,706 $6,029 2.97%
RENO, NV 59 $19,235,000 $326,017 $4,312 2.74%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 94 $19,050,000 $202,660 $4,009 3.08%
BOISE CITY, ID 67 $18,855,000 $281,418 $3,740 2.95%
NEW ORLEANS-METAIRIE, LA 95 $18,235,000 $191,947 $5,119 3.27%
HAGERSTOWN-MARTINSBURG, MD-WV 87 $18,045,000 $207,414 $5,861 3.34%
INDIANAPOLIS-CARMEL-ANDERSON, IN 84 $17,730,000 $211,071 $3,488 3.21%
VALLEJO, CA 46 $16,470,000 $358,043 $5,731 3.01%
COEUR D'ALENE, ID 58 $16,070,000 $277,069 $3,617 2.86%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 63 $15,415,000 $244,683 $6,259 3.08%
CINCINNATI, OH-KY-IN 70 $14,890,000 $212,714 $3,633 3.08%
NEWARK, NJ-PA 47 $14,825,000 $315,426 $5,505 2.95%
PALM BAY-MELBOURNE-TITUSVILLE, FL 55 $14,005,000 $254,636 $5,055 2.90%
LAKELAND-WINTER HAVEN, FL 62 $13,870,000 $223,710 $3,918 3.03%
BATON ROUGE, LA 61 $13,815,000 $226,475 $4,494 3.07%
SANTA ROSA-PETALUMA, CA 30 $13,800,000 $460,000 $5,896 3.07%
MODESTO, CA 50 $12,990,000 $259,800 $5,628 3.18%
COLUMBUS, OH 62 $12,890,000 $207,903 $3,203 3.03%
BIRMINGHAM-HOOVER, AL 52 $11,390,000 $219,038 $3,560 3.10%
FRESNO, CA 41 $10,805,000 $263,537 $4,518 3.04%
RALEIGH-CARY, NC 44 $10,720,000 $243,636 $4,242 3.03%
TUCSON, AZ 51 $10,645,000 $208,725 $2,926 3.06%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 46 $10,200,000 $221,739 $3,457 2.97%
DETROIT-DEARBORN-LIVONIA, MI 53 $10,175,000 $191,981 $3,598 3.18%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 32 $9,720,000 $303,750 $4,929 3.04%
GRAND JUNCTION, CO 37 $9,245,000 $249,865 $3,528 2.96%
CHARLESTON-NORTH CHARLESTON, SC 34 $9,030,000 $265,588 $3,328 2.95%
ALBUQUERQUE, NM 42 $8,970,000 $213,571 $3,843 3.02%
GAINESVILLE, FL 45 $8,845,000 $196,556 $3,298 2.97%
CAPE CORAL-FORT MYERS, FL 38 $8,820,000 $232,105 $4,047 3.06%
Outside of Metro Areas 36 $8,650,000 $240,278 $5,258 2.78%
CAMDEN, NJ 37 $8,595,000 $232,297 $4,318 3.00%
PHILADELPHIA, PA 38 $8,470,000 $222,895 $5,635 3.05%
MCALLEN-EDINBURG-MISSION, TX 45 $8,395,000 $186,556 $5,526 3.07%
BAKERSFIELD, CA 32 $8,000,000 $250,000 $4,085 3.00%
BRIDGEPORT-STAMFORD-NORWALK, CT 22 $7,710,000 $350,455 $7,403 3.19%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 31 $7,495,000 $241,774 $3,441 2.96%
PENSACOLA-FERRY PASS-BRENT, FL 31 $7,315,000 $235,968 $3,307 2.93%
GARY, IN 37 $7,315,000 $197,703 $3,719 3.06%
CAPE GIRARDEAU, MO-IL 34 $7,220,000 $212,353 $4,920 3.15%
COLUMBUS, GA-AL 33 $7,195,000 $218,030 $2,542 2.93%
SPRINGFIELD, MO 31 $7,025,000 $226,613 $4,988 2.94%
NORTH PORT-SARASOTA-BRADENTON, FL 24 $6,700,000 $279,167 $5,442 3.01%
MONROE, LA 38 $6,690,000 $176,053 $8,623 2.91%
GULFPORT-BILOXI, MS 36 $6,690,000 $185,833 $5,018 3.17%
ANCHORAGE, AK 23 $6,595,000 $286,739 $4,086 3.03%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 27 $6,495,000 $240,556 $4,026 2.93%
GREENSBORO-HIGH POINT, NC 29 $6,425,000 $221,552 $3,021 3.12%
COLUMBIA, SC 31 $6,355,000 $205,000 $3,212 3.01%
CHATTANOOGA, TN-GA 32 $6,320,000 $197,500 $4,168 2.93%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 36 $6,280,000 $174,444 $3,322 3.04%
PUEBLO, CO 28 $6,240,000 $222,857 $4,587 2.84%
MILWAUKEE-WAUKESHA, WI 26 $6,180,000 $237,692 $2,607 2.82%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 25 $5,975,000 $239,000 $4,585 3.09%
FAYETTEVILLE, NC 34 $5,960,000 $175,294 $2,549 3.07%
CORPUS CHRISTI, TX 27 $5,895,000 $218,333 $4,400 3.25%
MONTGOMERY, AL 21 $5,835,000 $277,857 $2,653 2.78%
SPOKANE-SPOKANE VALLEY, WA 25 $5,835,000 $233,400 $3,697 3.12%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 25 $5,775,000 $231,000 $4,598 2.85%
AMARILLO, TX 28 $5,770,000 $206,071 $4,999 3.03%
SALEM, OR 19 $5,755,000 $302,895 $3,992 2.93%
ODESSA, TX 27 $5,755,000 $213,148 $5,180 3.21%
CLARKSVILLE, TN-KY 28 $5,730,000 $204,643 $2,263 2.98%
EL PASO, TX 28 $5,630,000 $201,071 $2,663 2.87%
SAVANNAH, GA 25 $5,565,000 $222,600 $3,237 2.91%
CLEVELAND-ELYRIA, OH 33 $5,535,000 $167,727 $3,911 3.16%
SANTA MARIA-SANTA BARBARA, CA 13 $5,535,000 $425,769 $3,816 3.08%
MERCED, CA 21 $5,495,000 $261,667 $4,728 2.96%
GREENVILLE-ANDERSON, SC 22 $5,460,000 $248,182 $3,894 3.00%
CHAMPAIGN-URBANA, IL 27 $5,395,000 $199,815 $3,998 3.17%
NAPLES-MARCO ISLAND, FL 18 $5,340,000 $296,667 $6,220 3.07%
OCALA, FL 23 $5,295,000 $230,217 $3,802 3.13%
KENNEWICK-RICHLAND, WA 19 $5,175,000 $272,368 $4,021 2.88%
SAN LUIS OBISPO-PASO ROBLES, CA 15 $5,105,000 $340,333 $4,974 3.02%
YUBA CITY, CA 18 $5,050,000 $280,556 $4,274 2.92%
PROVIDENCE-WARWICK, RI-MA 22 $5,030,000 $228,636 $3,342 3.03%
WINCHESTER, VA-WV 20 $4,990,000 $249,500 $6,343 3.26%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 23 $4,905,000 $213,261 $3,461 3.25%
CALIFORNIA-LEXINGTON PARK, MD 17 $4,805,000 $282,647 $3,598 2.95%
SEBASTIAN-VERO BEACH, FL 19 $4,685,000 $246,579 $6,351 3.25%
TULSA, OK 24 $4,680,000 $195,000 $4,254 2.95%
LAKE HAVASU CITY-KINGMAN, AZ 18 $4,640,000 $257,778 $5,404 3.15%
KNOXVILLE, TN 21 $4,455,000 $212,143 $2,855 3.09%
DAYTON-KETTERING, OH 25 $4,365,000 $174,600 $2,307 2.91%
NASSAU COUNTY-SUFFOLK COUNTY, NY 12 $4,360,000 $363,333 $9,520 2.80%
MANHATTAN, KS 20 $4,360,000 $218,000 $3,917 3.09%
MADISON, WI 17 $4,305,000 $253,235 $4,761 3.04%
GRAND RAPIDS-KENTWOOD, MI 27 $4,255,000 $157,593 $3,612 3.27%
BELLINGHAM, WA 16 $4,250,000 $265,625 $4,402 3.27%
BEND, OR 14 $4,180,000 $298,571 $4,290 2.95%
WILMINGTON, DE-MD-NJ 15 $4,155,000 $277,000 $2,817 2.71%
GAINESVILLE, GA 17 $4,055,000 $238,529 $3,313 2.93%
PRESCOTT VALLEY-PRESCOTT, AZ 13 $4,025,000 $309,615 $2,283 2.85%
KINGSPORT-BRISTOL, TN-VA 23 $3,985,000 $173,261 $5,364 3.42%
LAS CRUCES, NM 19 $3,835,000 $201,842 $3,400 2.90%
MADERA, CA 14 $3,790,000 $270,714 $5,367 2.98%
ELIZABETHTOWN-FORT KNOX, KY 16 $3,730,000 $233,125 $3,563 2.84%
WILMINGTON, NC 14 $3,680,000 $262,857 $3,995 2.86%
OMAHA-COUNCIL BLUFFS, NE-IA 21 $3,665,000 $174,524 $2,889 2.95%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 13 $3,525,000 $271,154 $3,444 2.96%
ROANOKE, VA 14 $3,420,000 $244,286 $4,380 2.92%
EUGENE-SPRINGFIELD, OR 16 $3,410,000 $213,125 $4,084 3.16%
MIDLAND, TX 15 $3,405,000 $227,000 $6,022 3.40%
WINSTON-SALEM, NC 16 $3,390,000 $211,875 $3,537 3.21%
ATHENS-CLARKE COUNTY, GA 14 $3,380,000 $241,429 $3,049 3.10%
DURHAM-CHAPEL HILL, NC 12 $3,290,000 $274,167 $4,945 3.17%
IDAHO FALLS, ID 10 $3,230,000 $323,000 $3,772 2.61%
FORT WAYNE, IN 19 $3,215,000 $169,211 $2,446 2.95%
FARMINGTON, NM 16 $3,200,000 $200,000 $3,852 3.08%
HARRISBURG-CARLISLE, PA 19 $3,195,000 $168,158 $3,578 2.88%
HATTIESBURG, MS 17 $3,175,000 $186,765 $6,276 3.54%
BILLINGS, MT 13 $3,135,000 $241,154 $4,067 2.93%
DAPHNE-FAIRHOPE-FOLEY, AL 13 $3,105,000 $238,846 $3,857 3.07%
LAFAYETTE, LA 17 $3,055,000 $179,706 $5,620 3.37%
ANN ARBOR, MI 14 $3,050,000 $217,857 $4,783 3.12%
HILTON HEAD ISLAND-BLUFFTON, SC 10 $3,020,000 $302,000 $6,282 2.86%
EL CENTRO, CA 13 $2,995,000 $230,385 $3,405 3.26%
LANSING-EAST LANSING, MI 19 $2,945,000 $155,000 $2,185 2.91%
SALISBURY, MD-DE 12 $2,900,000 $241,667 $3,289 3.20%
ALBANY-LEBANON, OR 11 $2,855,000 $259,545 $4,411 2.91%
PUNTA GORDA, FL 13 $2,775,000 $213,462 $4,215 3.02%
DECATUR, AL 14 $2,770,000 $197,857 $4,938 3.17%
WENATCHEE, WA 10 $2,720,000 $272,000 $4,679 3.25%
CHARLOTTESVILLE, VA 9 $2,675,000 $297,222 $5,141 3.19%
LONGVIEW, WA 10 $2,630,000 $263,000 $5,080 3.07%
TYLER, TX 9 $2,605,000 $289,444 $4,903 3.00%
HUNTINGTON-ASHLAND, WV-KY-OH 12 $2,600,000 $216,667 $2,277 2.94%
HINESVILLE, GA 15 $2,595,000 $173,000 $3,676 2.91%
MEDFORD, OR 10 $2,570,000 $257,000 $3,810 3.11%
PANAMA CITY, FL 8 $2,570,000 $321,250 $5,529 3.17%
WACO, TX 11 $2,565,000 $233,182 $3,243 3.44%
NEW HAVEN-MILFORD, CT 11 $2,535,000 $230,455 $4,492 3.32%
ATLANTIC CITY-HAMMONTON, NJ 11 $2,505,000 $227,727 $3,636 3.08%
YORK-HANOVER, PA 12 $2,500,000 $208,333 $4,532 2.93%
TALLAHASSEE, FL 11 $2,465,000 $224,091 $6,257 2.98%
SHERMAN-DENISON, TX 11 $2,445,000 $222,273 $4,707 3.15%
CHAMBERSBURG-WAYNESBORO, PA 14 $2,440,000 $174,286 $2,885 3.13%
VISALIA, CA 13 $2,435,000 $187,308 $3,013 2.84%
HAMMOND, LA 13 $2,425,000 $186,538 $5,719 3.33%
THE VILLAGES, FL 10 $2,320,000 $232,000 $7,125 2.91%
YAKIMA, WA 12 $2,320,000 $193,333 $13,687 3.29%
MOUNT VERNON-ANACORTES, WA 9 $2,315,000 $257,222 $5,823 2.89%
FLINT, MI 14 $2,310,000 $165,000 $2,465 2.90%
LANCASTER, PA 9 $2,305,000 $256,111 $4,002 2.86%
JACKSONVILLE, NC 14 $2,280,000 $162,857 $5,443 2.98%
NORWICH-NEW LONDON, CT 8 $2,270,000 $283,750 $3,415 3.28%
COLLEGE STATION-BRYAN, TX 10 $2,270,000 $227,000 $4,817 3.05%
HOMOSASSA SPRINGS, FL 12 $2,260,000 $188,333 $3,420 3.08%
WARNER ROBINS, GA 9 $2,255,000 $250,556 $2,929 2.94%
TOLEDO, OH 11 $2,235,000 $203,182 $3,420 2.92%
LEXINGTON-FAYETTE, KY 11 $2,205,000 $200,455 $2,145 2.89%
READING, PA 9 $2,195,000 $243,889 $3,191 2.86%
FLAGSTAFF, AZ 8 $2,180,000 $272,500 $3,104 3.00%
DOVER, DE 10 $2,180,000 $218,000 $5,895 3.08%
LINCOLN, NE 10 $2,160,000 $216,000 $2,410 2.85%
JANESVILLE-BELOIT, WI 10 $2,090,000 $209,000 $4,900 3.10%
LAREDO, TX 12 $2,080,000 $173,333 $3,983 3.01%
SANTA FE, NM 8 $2,030,000 $253,750 $6,550 3.06%
CHARLESTON, WV 11 $2,015,000 $183,182 $2,788 2.83%
REDDING, CA 9 $2,005,000 $222,778 $2,585 3.11%
LONGVIEW, TX 10 $1,990,000 $199,000 $3,393 3.42%
BOWLING GREEN, KY 7 $1,985,000 $283,571 $5,382 2.91%
SPARTANBURG, SC 10 $1,940,000 $194,000 $5,189 3.52%
LYNCHBURG, VA 9 $1,935,000 $215,000 $2,660 3.00%
SHEBOYGAN, WI 12 $1,930,000 $160,833 $2,801 3.19%
TRENTON-PRINCETON, NJ 8 $1,900,000 $237,500 $3,968 3.08%
WHEELING, WV-OH 9 $1,895,000 $210,556 $3,443 2.89%
DOTHAN, AL 8 $1,890,000 $236,250 $2,687 2.83%
ASHEVILLE, NC 6 $1,880,000 $313,333 $2,979 3.02%
TUSCALOOSA, AL 10 $1,790,000 $179,000 $3,722 3.24%
SIERRA VISTA-DOUGLAS, AZ 9 $1,765,000 $196,111 $2,170 2.80%
MOBILE, AL 9 $1,725,000 $191,667 $2,416 3.14%
IOWA CITY, IA 6 $1,710,000 $285,000 $3,416 2.79%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 10 $1,690,000 $169,000 $3,595 2.90%
BEAUMONT-PORT ARTHUR, TX 8 $1,680,000 $210,000 $4,819 3.26%
HICKORY-LENOIR-MORGANTON, NC 9 $1,675,000 $186,111 $4,268 3.32%
LAWTON, OK 8 $1,670,000 $208,750 $3,999 3.44%
CHICO, CA 6 $1,640,000 $273,333 $2,871 3.08%
MACON-BIBB COUNTY, GA 10 $1,600,000 $160,000 $3,258 3.06%
GREEN BAY, WI 9 $1,595,000 $177,222 $5,498 3.57%
COLUMBIA, MO 8 $1,590,000 $198,750 $3,297 2.91%
SEBRING-AVON PARK, FL 7 $1,585,000 $226,429 $2,636 2.96%
EVANSVILLE, IN-KY 9 $1,575,000 $175,000 $4,310 3.14%
RACINE, WI 7 $1,505,000 $215,000 $2,150 3.30%
LAFAYETTE-WEST LAFAYETTE, IN 7 $1,495,000 $213,571 $3,238 3.12%
AKRON, OH 8 $1,480,000 $185,000 $3,671 3.48%
JONESBORO, AR 9 $1,455,000 $161,667 $3,253 3.54%
DES MOINES-WEST DES MOINES, IA 7 $1,445,000 $206,429 $2,054 3.02%
MANCHESTER-NASHUA, NH 5 $1,435,000 $287,000 $3,344 3.07%
LUBBOCK, TX 7 $1,405,000 $200,714 $5,341 3.59%
LEBANON, PA 6 $1,400,000 $233,333 $5,425 3.08%
BUFFALO-CHEEKTOWAGA, NY 7 $1,315,000 $187,857 $3,569 2.71%
CARSON CITY, NV 4 $1,310,000 $327,500 $4,364 2.91%
MICHIGAN CITY-LA PORTE, IN 7 $1,305,000 $186,429 $3,409 3.48%
EAST STROUDSBURG, PA 7 $1,295,000 $185,000 $7,484 3.30%
GREAT FALLS, MT 6 $1,280,000 $213,333 $1,985 2.94%
GOLDSBORO, NC 5 $1,265,000 $253,000 $2,566 3.38%
ALBANY, GA 8 $1,260,000 $157,500 $3,202 3.05%
SAN RAFAEL, CA 3 $1,245,000 $415,000 $9,769 2.92%
HANFORD-CORCORAN, CA 5 $1,175,000 $235,000 $2,116 3.23%
CANTON-MASSILLON, OH 7 $1,165,000 $166,429 $1,963 3.14%
TWIN FALLS, ID 5 $1,165,000 $233,000 $4,754 2.90%
YUMA, AZ 5 $1,135,000 $227,000 $2,601 3.10%
WORCESTER, MA-CT 6 $1,120,000 $186,667 $4,140 2.94%
BURLINGTON, NC 5 $1,115,000 $223,000 $3,512 2.75%
ROCKFORD, IL 6 $1,070,000 $178,333 $3,855 3.00%
KANKAKEE, IL 6 $1,060,000 $176,667 $9,275 3.25%
NEW BERN, NC 5 $1,045,000 $209,000 $2,257 2.90%
AUBURN-OPELIKA, AL 5 $1,035,000 $207,000 $2,480 3.15%
BRUNSWICK, GA 5 $1,035,000 $207,000 $5,282 3.53%
ANNISTON-OXFORD, AL 7 $1,025,000 $146,429 $4,400 3.05%
MORGANTOWN, WV 5 $1,015,000 $203,000 $4,435 3.60%
RAPID CITY, SD 4 $1,000,000 $250,000 $2,047 2.84%
ST. CLOUD, MN 4 $970,000 $242,500 $890 2.94%
ELKHART-GOSHEN, IN 5 $965,000 $193,000 $5,975 3.32%
WEIRTON-STEUBENVILLE, WV-OH 6 $950,000 $158,333 $2,603 3.02%
STAUNTON, VA 4 $930,000 $232,500 $3,035 2.97%
MONROE, MI 5 $915,000 $183,000 $1,880 3.15%
JOHNSON CITY, TN 5 $915,000 $183,000 $1,478 3.08%
ROCKY MOUNT, NC 5 $895,000 $179,000 $2,912 3.20%
PORTLAND-SOUTH PORTLAND, ME 3 $895,000 $298,333 $3,387 2.83%
SALT LAKE CITY, UT 2 $890,000 $445,000 $8,351 2.75%
WALLA WALLA, WA 4 $890,000 $222,500 $3,519 3.00%
HOT SPRINGS, AR 6 $860,000 $143,333 $1,499 3.02%
NILES, MI 4 $850,000 $212,500 $3,771 3.40%
GRANTS PASS, OR 3 $845,000 $281,667 $4,422 2.96%
VICTORIA, TX 3 $835,000 $278,333 $4,343 3.04%
JACKSON, MI 5 $825,000 $165,000 $2,296 2.92%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 5 $825,000 $165,000 $2,692 3.17%
SPRINGFIELD, IL 6 $820,000 $136,667 $2,158 3.83%
GREENVILLE, NC 4 $810,000 $202,500 $4,206 3.12%
SOUTH BEND-MISHAWAKA, IN-MI 5 $805,000 $161,000 $3,083 3.68%
JEFFERSON CITY, MO 5 $795,000 $159,000 $3,849 2.85%
WICHITA FALLS, TX 5 $795,000 $159,000 $3,665 2.95%
SUMTER, SC 6 $790,000 $131,667 $2,720 3.29%
DULUTH, MN-WI 4 $790,000 $197,500 $2,644 2.81%
ALEXANDRIA, LA 4 $780,000 $195,000 $2,497 3.19%
CARBONDALE-MARION, IL 4 $740,000 $185,000 $3,815 3.44%
BLOOMINGTON, IN 3 $725,000 $241,667 $4,774 3.16%
OCEAN CITY, NJ 3 $715,000 $238,333 $1,970 2.91%
PINE BLUFF, AR 3 $715,000 $238,333 $2,180 2.83%
CLEVELAND, TN 4 $700,000 $175,000 $5,948 4.13%
ABILENE, TX 5 $685,000 $137,000 $4,247 3.98%
HOUMA-THIBODAUX, LA 3 $675,000 $225,000 $3,001 3.58%
VINELAND-BRIDGETON, NJ 4 $670,000 $167,500 $4,068 3.34%
TOPEKA, KS 4 $670,000 $167,500 $2,913 3.50%
GRAND FORKS, ND-MN 3 $645,000 $215,000 $3,594 2.75%
FARGO, ND-MN 3 $625,000 $208,333 $3,506 3.08%
LEWISTON, ID-WA 3 $585,000 $195,000 $2,555 2.54%
SPRINGFIELD, OH 4 $580,000 $145,000 $3,336 2.97%
AMES, IA 3 $565,000 $188,333 $2,843 2.79%
TEXARKANA, TX-AR 3 $565,000 $188,333 $2,508 2.83%
SCRANTON--WILKES-BARRE, PA 4 $560,000 $140,000 $8,721 3.59%
FORT SMITH, AR-OK 3 $555,000 $185,000 $3,218 3.00%
SAN ANGELO, TX 3 $545,000 $181,667 $5,231 3.13%
FOND DU LAC, WI 2 $530,000 $265,000 $2,628 2.75%
LAWRENCE, KS 2 $520,000 $260,000 $1,896 3.00%
KINGSTON, NY 1 $515,000 $515,000 $3,889 2.75%
BLACKSBURG-CHRISTIANSBURG, VA 3 $505,000 $168,333 $5,128 3.17%
BLOOMINGTON, IL 3 $495,000 $165,000 $3,048 2.92%
BURLINGTON-SOUTH BURLINGTON, VT 1 $485,000 $485,000 $3,417 2.75%
NAPA, CA 1 $485,000 $485,000 $13,490 2.75%
EAU CLAIRE, WI 1 $455,000 $455,000 $5,429 2.99%
ROCHESTER, NY 2 $440,000 $220,000 $3,081 2.56%
GETTYSBURG, PA 2 $420,000 $210,000 $4,439 3.50%
BANGOR, ME 2 $400,000 $200,000 $2,651 2.68%
POCATELLO, ID 2 $400,000 $200,000 $6,334 3.44%
APPLETON, WI 3 $395,000 $131,667 $3,062 2.71%
MANSFIELD, OH 2 $390,000 $195,000 $3,215 3.87%
JOHNSTOWN, PA 2 $380,000 $190,000 $3,149 2.87%
VALDOSTA, GA 3 $375,000 $125,000 $2,374 2.79%
PARKERSBURG-VIENNA, WV 3 $375,000 $125,000 $2,395 3.83%
BATTLE CREEK, MI 2 $370,000 $185,000 $907 2.75%
WAUSAU-WESTON, WI 2 $370,000 $185,000 $2,827 2.75%
OSHKOSH-NEENAH, WI 2 $350,000 $175,000 $3,945 3.31%
MUSKEGON, MI 2 $350,000 $175,000 $3,145 3.00%
FLORENCE, SC 1 $345,000 $345,000 $2,234 4.25%
SYRACUSE, NY 2 $340,000 $170,000 $4,030 2.75%
LIMA, OH 2 $340,000 $170,000 $5,666 5.12%
PROVO-OREM, UT 1 $325,000 $325,000 $6,124 2.99%
FLORENCE-MUSCLE SHOALS, AL 3 $325,000 $108,333 $4,497 3.08%
BLOOMSBURG-BERWICK, PA 2 $320,000 $160,000 $1,843 3.13%
MANKATO, MN 1 $315,000 $315,000 $1,022 3.38%
ROME, GA 2 $300,000 $150,000 $1,359 3.37%
TERRE HAUTE, IN 3 $285,000 $95,000 $3,461 3.50%
PEORIA, IL 2 $270,000 $135,000 $4,164 2.93%
LAKE CHARLES, LA 2 $270,000 $135,000 $5,267 3.50%
ERIE, PA 2 $260,000 $130,000 $6,256 3.56%
MIDLAND, MI 2 $260,000 $130,000 $2,083 3.00%
MISSOULA, MT 1 $255,000 $255,000 $2,534 3.25%
GADSDEN, AL 2 $250,000 $125,000 $4,380 4.12%
FAIRBANKS, AK 1 $245,000 $245,000 $1,625 2.99%
WILLIAMSPORT, PA 1 $245,000 $245,000 $3,076 2.75%
WATERLOO-CEDAR FALLS, IA 1 $235,000 $235,000 $1,890 3.50%
BAY CITY, MI 1 $235,000 $235,000 $722 3.25%
OWENSBORO, KY 1 $225,000 $225,000 $4,643 2.63%
BECKLEY, WV 1 $215,000 $215,000 $3,229 3.38%
ALTOONA, PA 1 $215,000 $215,000 $2,154 2.99%
CEDAR RAPIDS, IA 1 $205,000 $205,000 $1,013 3.25%
GLENS FALLS, NY 1 $185,000 $185,000 $2,616 2.75%
BISMARCK, ND 1 $185,000 $185,000 $4,614 3.38%
ENID, OK 1 $155,000 $155,000 $7,078 2.63%
ALBANY-SCHENECTADY-TROY, NY 1 $155,000 $155,000 $3,793 2.75%
JOPLIN, MO 2 $150,000 $75,000 $1,594 2.81%
JACKSON, TN 1 $145,000 $145,000 $8,021 2.38%
LEWISTON-AUBURN, ME 1 $145,000 $145,000 $3,511 3.99%
DANVILLE, IL 1 $145,000 $145,000 $2,046 2.38%
KOKOMO, IN 1 $145,000 $145,000 $998 2.99%
SIOUX FALLS, SD 1 $135,000 $135,000 $823 2.75%
CUMBERLAND, MD-WV 1 $115,000 $115,000 $2,923 2.75%
KALAMAZOO-PORTAGE, MI 1 $115,000 $115,000 $1,619 2.75%
DECATUR, IL 1 $105,000 $105,000 $4,482 5.25%
HARRISONBURG, VA 1 $105,000 $105,000 $4,989 4.25%
ROCHESTER, MN 1 $95,000 $95,000 $1,230 2.75%
SAGINAW, MI 1 $95,000 $95,000 $2,500 2.88%
ST. JOSEPH, MO-KS 1 $65,000 $65,000 $2,833 2.75%

Planet Home Lending 's top markets include Denver, Las Vegas, San Diego, Washington, and Riverside among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 11,099 $3,166,305,000 $285,278
3-4% 6,883 $1,886,605,000 $274,096
<2.5% 2,106 $586,010,000 $278,257
4-5% 866 $198,490,000 $229,203
5-6% 286 $57,550,000 $201,224
6-7% 7 $3,345,000 $477,857
7-8% 3 $795,000 $265,000
Over 8% 2 $360,000 $180,000

During 2020, Planet Home Lending 's average interest rate was 3.19%, while their most frequently originated rate bucket was 2.5-3%, with 11,099 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 11,184 $3,192,440,000 $285,447 $5,311 3.05%
$100k-200k 5,617 $877,945,000 $156,301 $4,242 3.19%
$400k-600k 3,041 $1,434,735,000 $471,797 $6,353 3.00%
$100,000 or less 953 $63,815,000 $66,962 $3,233 2.81%
$600k-1MM 432 $299,430,000 $693,125 $8,605 3.10%
$1MM+ 25 $31,095,000 $1,243,800 $11,710 3.04%

2020 saw Planet Home Lending place emphasis on $200k-400k loans with 11,184 originations, totaling $3,192,440,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 3,161 $1,027,735,000 $325,130 $6,062 3.17%
$50k-75k 2,671 $570,735,000 $213,678 $5,945 3.20%
$50k or less 2,652 $529,380,000 $199,615 $4,912 3.20%
$75k-100k 2,401 $656,185,000 $273,297 $6,188 3.21%
$150k-250k 2,074 $803,610,000 $387,469 $6,236 3.14%
$250k+ 631 $285,955,000 $453,177 $7,301 3.07%

Planet Home Lending lent most frequently to those with incomes in the $100k-150k range, with 3,161 originations. The second most popular income band? $50k-75k, with 2,671 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 2,896 $840,840,000 $290,345 $5,379 3.07%
30-36% 2,166 $626,500,000 $289,243 $5,752 3.21%
<20% 1,192 $294,270,000 $246,871 $4,494 2.71%
50-60% 731 $199,075,000 $272,332 $9,493 3.39%
44% 542 $164,790,000 $304,041 $6,705 3.36%
43% 478 $142,760,000 $298,661 $6,383 3.27%
41% 460 $133,380,000 $289,957 $5,714 3.29%
42% 455 $131,045,000 $288,011 $6,457 3.34%
40% 450 $126,500,000 $281,111 $6,119 3.34%
39% 436 $127,510,000 $292,454 $6,271 3.27%
38% 417 $117,705,000 $282,266 $6,021 3.27%
36% 413 $122,445,000 $296,477 $6,792 3.27%
37% 398 $115,640,000 $290,553 $6,110 3.23%
49% 378 $115,800,000 $306,349 $6,928 3.31%
45% 361 $104,495,000 $289,460 $6,253 3.35%
46% 318 $90,540,000 $284,717 $6,629 3.39%
48% 281 $83,075,000 $295,641 $6,823 3.33%
47% 270 $79,520,000 $294,519 $7,491 3.26%
>60% 12 $4,380,000 $365,000 $16,613 2.90%

Planet Home Lending lent most frequently to those with DTI ratios of 20-30%, with 2,896 originations. The next most common DTI ratio? 30-36%, with 2,166 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 15,137 $4,146,775,000 $273,950 $5,140 3.07%
Not provided 2,277 $689,555,000 $302,835 $5,308 3.09%
Black 2,453 $606,955,000 $247,434 $5,049 3.14%
Asian 862 $290,800,000 $337,355 $5,055 3.00%
Asian Indian 191 $70,465,000 $368,927 $6,434 2.73%
American Indian 195 $54,525,000 $279,615 $5,023 3.07%
Native Hawaiian 59 $18,595,000 $315,169 $4,501 3.05%
Chinese 22 $4,750,000 $215,909 $44,125 3.19%
Filipino 17 $4,395,000 $258,529 $8,135 2.88%
Other Asian 13 $3,805,000 $292,692 $8,543 2.99%
Vietnamese 11 $3,475,000 $315,909 $6,991 3.06%
Other Pacific Islander 7 $2,685,000 $383,571 $6,029 2.91%
Japanese 4 $1,400,000 $350,000 $4,535 2.91%
Korean 2 $720,000 $360,000 $7,695 3.25%
Samoan 1 $315,000 $315,000 $14,596 3.00%
Guamanian 1 $245,000 $245,000 $0 3.50%

Approval Rates

Total approvals of all applications
94.94%

Planet Home Lending has an average approval rate.

Pick Rate

Approvals leading to origination
89.36%

Planet Home Lending has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 21,252 $5,899,460,000 $277,596

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 382 $61,740,000 $161,623
Single Family (1-4 Units):Site-Built 20,870 $5,837,720,000 $279,718

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 569 $143,525,000 $252,241 $4,428 2.96%
40-60% 2,061 $599,505,000 $290,881 $4,685 3.01%
60-80% 4,675 $1,445,715,000 $309,244 $5,369 3.19%
80-100% 4,860 $1,332,230,000 $274,121 $7,191 3.39%
Over 100% 243 $82,285,000 $338,621 $13,644 3.22%
Under 20% 212 $8,020,000 $37,830 $1,722 0.51%