Lend Smart Mortgage Rates, Fees & Info

Oakdale, MN

LEI: 5493002BHZ2N82ENVH10

Tax ID: 20-4224234

4.2 stars - out of 5 stars, based on 56 reviews

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

Jump to:

Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Lend Smart Mortgage is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Lend Smart Mortgage 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 by origination volume include: Minneapolis, Phoenix, Rapid City, Boise City, and Duluth among others. We have data for 121 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lend Smart Mortgage 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. Lend Smart Mortgage 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.

    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 6.77% 1/29/23
    30 Year Conventional Refi 6.57% 1/29/23
    30 Year Cash-out Refi 6.72% 1/29/23
    30 Year FHA Purchase 7.64% 1/29/23
    30 Year FHA Refi 7.17% 1/29/23
    30 Year VA Purchase 6.49% 1/29/23
    30 Year VA Refi 6.22% 1/29/23
    30 Year USDA Purchase 6.95% 1/29/23
    30 Year USDA Refi 6.72% 1/29/23
    15 Year Conventional Purchase 6.29% 1/29/23
    15 Year Conventional Refi 6.08% 1/29/23
    15 Year Cash-out Refi 6.08% 1/29/23
    15 Year FHA Refi 5.68% 1/29/23
    15 Year VA Purchase 5.38% 1/29/23
    15 Year VA Refi 6.03% 1/29/23
    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.


    Originations

    3,180

    Origination Dollar Volume (All Markets)

    $828,940,000
    Show all (8) awards

    Relative Rate

    Lend Smart Mortgage's average 30 year fixed mortgage rate was 3.11%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.04%.

    Relative Fees (Closing Costs)

    Lend Smart Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $5,649.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 908 $252,780,000 $278,392 $5,167 2.98%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 599 $182,545,000 $304,750 $4,640 3.07%
    RAPID CITY, SD (FHA|USDA|VA) 258 $64,430,000 $249,729 $6,772 2.94%
    BOISE CITY, ID (FHA|USDA|VA) 185 $63,695,000 $344,297 $7,182 3.00%
    Outside of Metro Areas 276 $52,260,000 $189,348 $4,655 3.02%
    DULUTH, MN-WI (FHA|USDA|VA) 191 $36,615,000 $191,702 $4,496 3.25%
    TUCSON, AZ (FHA|USDA|VA) 154 $31,220,000 $202,727 $6,464 3.21%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 59 $15,575,000 $263,983 $8,160 3.42%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 44 $12,010,000 $272,955 $6,749 3.05%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 59 $8,785,000 $148,898 $5,574 3.10%
    Brainerd, MN (FHA|USDA|VA) 36 $7,980,000 $221,667 $5,423 3.05%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 25 $7,715,000 $308,600 $5,333 3.21%
    Bemidji, MN (FHA|USDA|VA) 22 $4,750,000 $215,909 $5,641 3.16%
    Spearfish, SD (FHA|USDA|VA) 17 $4,225,000 $248,529 $7,248 2.88%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 19 $4,165,000 $219,211 $5,221 3.42%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 15 $3,015,000 $201,000 $5,683 3.51%
    Faribault-Northfield, MN (FHA|USDA|VA) 13 $2,915,000 $224,231 $6,051 2.98%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 12 $2,720,000 $226,667 $5,571 3.22%
    FLAGSTAFF, AZ (FHA|USDA|VA) 7 $2,295,000 $327,857 $4,361 3.20%
    ST. CLOUD, MN (FHA|USDA|VA) 13 $2,235,000 $171,923 $4,491 3.01%
    ROCHESTER, MN (FHA|USDA|VA) 11 $2,195,000 $199,545 $4,317 3.09%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 6 $2,070,000 $345,000 $5,788 2.98%
    MADISON, WI (FHA|USDA|VA) 13 $1,995,000 $153,462 $3,480 3.20%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $1,975,000 $395,000 $3,694 3.00%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 4 $1,740,000 $435,000 $7,871 2.97%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,735,000 $347,000 $9,882 3.03%
    Menomonie, WI (FHA|USDA|VA) 9 $1,705,000 $189,444 $3,862 2.93%
    Show Low, AZ (FHA|USDA|VA) 6 $1,670,000 $278,333 $4,325 2.96%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 5 $1,665,000 $333,000 $7,442 3.28%
    MANKATO, MN (FHA|USDA|VA) 7 $1,605,000 $229,286 $6,149 3.36%
    EAU CLAIRE, WI (FHA|USDA|VA) 8 $1,600,000 $200,000 $3,999 3.02%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 7 $1,535,000 $219,286 $3,414 3.04%
    Nogales, AZ (FHA|USDA|VA) 8 $1,430,000 $178,750 $5,512 3.11%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,420,000 $355,000 $8,240 3.50%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,420,000 $710,000 $12,510 3.06%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,415,000 $471,667 $9,532 3.29%
    Red Wing, MN (FHA|USDA|VA) 6 $1,320,000 $220,000 $4,749 3.31%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,260,000 $630,000 $10,746 3.19%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 6 $1,210,000 $201,667 $3,288 3.00%
    Grand Rapids, MN (FHA|USDA|VA) 9 $1,185,000 $131,667 $4,975 3.03%
    YUMA, AZ (FHA|USDA|VA) 5 $1,115,000 $223,000 $5,012 3.48%
    BELLINGHAM, WA (FHA|USDA|VA) 3 $1,065,000 $355,000 $3,433 3.17%
    PUNTA GORDA, FL (FHA|USDA|VA) 5 $1,055,000 $211,000 $3,313 3.18%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $1,010,000 $505,000 $9,261 3.06%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $910,000 $227,500 $5,323 3.19%
    Gillette, WY (FHA|USDA|VA) 3 $895,000 $298,333 $6,424 3.38%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 6 $870,000 $145,000 $4,488 3.21%
    FARGO, ND-MN (FHA|USDA|VA) 4 $860,000 $215,000 $3,872 3.34%
    Alexandria, MN (FHA|USDA|VA) 3 $785,000 $261,667 $3,181 3.13%
    FAYETTEVILLE, NC (FHA|USDA|VA) 5 $785,000 $157,000 $5,739 3.38%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $785,000 $261,667 $5,506 2.79%
    Albert Lea, MN (FHA|USDA|VA) 3 $735,000 $245,000 $9,699 3.17%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $730,000 $365,000 $4,892 3.13%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $725,000 $241,667 $6,396 2.92%
    STOCKTON, CA (FHA|USDA|VA) 1 $705,000 $705,000 $12,925 3.00%
    BILLINGS, MT (FHA|USDA|VA) 3 $625,000 $208,333 $5,323 3.08%
    Hutchinson, MN (FHA|USDA|VA) 3 $625,000 $208,333 $6,069 3.21%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $620,000 $310,000 $3,044 2.56%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $605,000 $201,667 $2,204 2.71%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $590,000 $295,000 $15,183 2.56%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $555,000 $555,000 $27,282 2.88%
    Mountain Home, ID (FHA|USDA|VA) 2 $550,000 $275,000 $6,173 2.44%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $545,000 $545,000 $13,941 3.25%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $545,000 $545,000 $3,500 3.00%
    Roanoke Rapids, NC (FHA|USDA|VA) 1 $545,000 $545,000 $10,332 3.88%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $520,000 $260,000 $3,689 2.75%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $505,000 $505,000 $8,667 3.13%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $485,000 $485,000 $9,321 3.75%
    Willmar, MN (FHA|USDA|VA) 2 $470,000 $235,000 $3,279 3.31%
    New Ulm, MN (FHA|USDA|VA) 3 $465,000 $155,000 $5,056 2.83%
    MEDFORD, OR (FHA|USDA|VA) 2 $450,000 $225,000 $4,947 3.38%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $440,000 $220,000 $6,856 3.44%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 2 $430,000 $215,000 $3,618 2.88%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $405,000 $405,000 $5,138 3.25%
    Fergus Falls, MN (FHA|USDA|VA) 1 $405,000 $405,000 $2,372 3.13%
    MERCED, CA (FHA|USDA|VA) 1 $405,000 $405,000 $4,367 3.25%
    SIOUX FALLS, SD (FHA|USDA|VA) 2 $390,000 $195,000 $5,780 2.88%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $390,000 $195,000 $4,768 3.38%
    Bozeman, MT (FHA|USDA|VA) 1 $385,000 $385,000 $9,112 3.25%
    Owatonna, MN (FHA|USDA|VA) 2 $370,000 $185,000 $6,379 2.88%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $365,000 $365,000 $18,813 2.25%
    Pierre, SD (FHA|USDA|VA) 2 $360,000 $180,000 $4,630 2.63%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $355,000 $355,000 $2,576 3.25%
    BISMARCK, ND (FHA|USDA|VA) 1 $335,000 $335,000 $6,304 3.25%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $335,000 $335,000 $8,592 2.25%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $325,000 $325,000 $5,083 3.50%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $315,000 $315,000 $7,518 3.13%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $315,000 $315,000 $2,006 2.75%
    MODESTO, CA (FHA|USDA|VA) 2 $310,000 $155,000 $2,914 3.00%
    Albemarle, NC (FHA|USDA|VA) 2 $310,000 $155,000 $3,867 3.25%
    Sandpoint, ID (FHA|USDA|VA) 1 $305,000 $305,000 $5,510 2.25%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $285,000 $285,000 $6,698 3.50%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $6,032 2.13%
    LUBBOCK, TX (FHA|USDA|VA) 1 $265,000 $265,000 $4,679 3.13%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,703 2.50%
    Minot, ND (FHA|USDA|VA) 1 $255,000 $255,000 $3,406 3.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $255,000 $255,000 $5,759 2.88%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $250,000 $125,000 $3,493 2.94%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $245,000 $245,000 $2,813 3.50%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $245,000 $245,000 $5,535 3.00%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $245,000 $245,000 $2,864 3.38%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $235,000 $235,000 $6,274 3.50%
    Corsicana, TX (FHA|USDA|VA) 1 $225,000 $225,000 $11,800 3.63%
    APPLETON, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,693 2.88%
    Watertown, SD (FHA|USDA|VA) 1 $215,000 $215,000 $4,987 3.25%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $215,000 $215,000 $2,900 3.25%
    Freeport, IL (FHA|USDA|VA) 2 $210,000 $105,000 $3,473 3.38%
    Alamogordo, NM (FHA|USDA|VA) 1 $195,000 $195,000 $6,757 2.25%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $195,000 $195,000 $4,529 3.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $7,043 2.63%
    Winona, MN (FHA|USDA|VA) 1 $165,000 $165,000 $9,144 3.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $145,000 $145,000 $7,048 2.75%
    VALDOSTA, GA (FHA|USDA|VA) 1 $145,000 $145,000 $4,945 3.25%
    FRESNO, CA (FHA|USDA|VA) 1 $135,000 $135,000 $3,514 3.13%
    Lumberton, NC (FHA|USDA|VA) 1 $135,000 $135,000 $3,824 3.50%
    Cookeville, TN (FHA|USDA|VA) 1 $135,000 $135,000 $3,203 2.75%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $125,000 $125,000 $3,092 2.38%
    Payson, AZ (FHA|USDA|VA) 1 $125,000 $125,000 $4,551 2.75%
    Sterling, IL (FHA|USDA|VA) 1 $115,000 $115,000 $3,018 2.75%
    CASPER, WY (FHA|USDA|VA) 1 $85,000 $85,000 $3,580 3.00%
    Huron, SD (FHA|USDA|VA) 1 $75,000 $75,000 $4,857 2.75%
    Lend Smart Mortgage's top markets include Minneapolis, Phoenix, Rapid City, Boise City, and Duluth among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Lend Smart Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
    Similarity Rank: 45
    Liberty Bank for Savings
    Similarity Rank: 153
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 248
    NORTHWOODS
    Similarity Rank: 303
    Eglin Federal Credit Union
    Similarity Rank: 340
    Western National Bank
    Similarity Rank: 368
    SUPERIOR CHOICE
    Similarity Rank: 464
    AAXY L.L.C.
    Similarity Rank: 540
    First Credit Union
    Similarity Rank: 558
    Security First Bank
    Similarity Rank: 667

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,268 $614,160,000 $270,794 $4,634 3.07%
    FHA 442 $104,770,000 $237,036 $8,748 3.16%
    VA 245 $72,555,000 $296,143 $7,207 2.79%
    USDA 225 $37,455,000 $166,467 $4,902 2.96%

    For 2021, Lend Smart Mortgage's most frequently originated type of loan was Conventional, with 2,268 originations. Their 2nd most popular type was FHA, with 442 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,651 $452,005,000 $273,776 $6,500 3.13%
    Refi 895 $208,985,000 $233,503 $3,881 2.87%
    Cash Out Refi 634 $167,950,000 $264,905 $4,790 3.13%

    For 2021, Lend Smart Mortgage's most frequently cited loan purpose was Home Purchase, with 1,651 originations. The 2nd most popular reason was Refi, with 895 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,843 $754,055,000 $265,232 $5,649 3.11%
    15 Year 249 $54,825,000 $220,181 $3,608 2.56%
    20 Year 54 $13,080,000 $242,222 $3,343 2.84%
    10 Year 22 $4,110,000 $186,818 $2,998 2.35%
    Other 12 $2,870,000 $239,167 $3,453 3.08%

    For 2021, Lend Smart Mortgage's most frequently cited loan duration was 30 Year, with 2,843 originations. The 2nd most popular length was 15 Year, with 249 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,030 $267,340,000 $259,553
    $<1k 718 $165,990,000 $231,184
    $2k-3k 566 $133,270,000 $235,459
    $3k-4k 350 $91,260,000 $260,743
    $5k+ 275 $101,035,000 $367,400
    $4k-5k 241 $70,045,000 $290,643

    Lend Smart Mortgage's average total fees were $5,649, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,030 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,457 $383,815,000 $263,428
    2.5-3% 1,340 $349,240,000 $260,627
    <2.5% 337 $85,185,000 $252,774
    4-5% 46 $10,700,000 $232,609

    During 2021, Lend Smart Mortgage's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 3-4%, with 1,457 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,668 $467,830,000 $280,474 $5,926 3.06%
    $100k-200k 1,012 $158,080,000 $156,206 $4,116 3.05%
    $400k-600k 367 $173,295,000 $472,193 $7,071 3.04%
    $100,000 or less 105 $8,545,000 $81,381 $3,283 3.06%
    $600k-1MM 25 $16,615,000 $664,600 $9,291 3.06%
    $1MM+ 3 $4,575,000 $1,525,000 $8,891 3.04%

    2021 saw Lend Smart Mortgage place emphasis on $200k-400k loans with 1,668 originations, totaling $467,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 885 $209,025,000 $236,186 $5,563 3.08%
    $50k or less 822 $154,350,000 $187,774 $5,035 3.05%
    $75k-100k 570 $157,700,000 $276,667 $5,743 3.09%
    $100k-150k 549 $172,435,000 $314,089 $5,466 3.03%
    $150k-250k 258 $92,750,000 $359,496 $5,341 2.99%
    $250k+ 95 $42,395,000 $446,263 $5,604 2.96%

    Lend Smart Mortgage lent most frequently to those with incomes in the $50k-75k range, with 885 originations. The second most popular income band? $50k or less, with 822 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 617 $159,785,000 $258,971 $4,610 3.00%
    30-36% 611 $153,355,000 $250,990 $5,078 3.07%
    <20% 212 $51,160,000 $241,321 $4,059 2.87%
    44% 156 $40,280,000 $258,205 $5,876 3.20%
    38% 134 $31,870,000 $237,836 $5,378 3.12%
    43% 132 $36,170,000 $274,015 $5,763 3.09%
    41% 132 $39,630,000 $300,227 $6,281 3.11%
    39% 122 $35,100,000 $287,705 $5,581 3.18%
    50-60% 120 $32,440,000 $270,333 $8,830 3.03%
    37% 117 $30,325,000 $259,188 $5,719 3.12%
    40% 108 $26,180,000 $242,407 $5,117 3.10%
    45% 106 $28,740,000 $271,132 $5,914 3.07%
    36% 104 $28,850,000 $277,404 $5,820 3.13%
    42% 97 $25,685,000 $264,794 $5,764 3.17%
    49% 97 $26,535,000 $273,557 $6,749 3.16%
    46% 84 $22,660,000 $269,762 $6,289 2.97%
    47% 80 $22,080,000 $276,000 $6,076 3.10%
    48% 63 $17,395,000 $276,111 $6,142 3.13%
    >60% 5 $1,475,000 $295,000 $7,815 3.03%

    Lend Smart Mortgage lent most frequently to those with DTI ratios of 20-30%, with 617 originations. The next most common DTI ratio? 30-36%, with 611 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,734 $704,400,000 $257,644 $5,263 3.05%
    Black 214 $61,080,000 $285,421 $7,040 3.18%
    Asian 115 $30,745,000 $267,348 $5,756 3.01%
    Not provided 67 $18,965,000 $283,060 $5,852 3.10%
    American Indian 36 $9,650,000 $268,056 $5,996 3.12%
    Not applicable 6 $1,950,000 $325,000 $5,931 3.27%
    Asian Indian 3 $1,005,000 $335,000 $6,606 3.08%
    Filipino 1 $455,000 $455,000 $7,309 3.50%
    Native Hawaiian or Islander 2 $250,000 $125,000 $4,445 3.44%
    Other Asian 1 $225,000 $225,000 $5,028 3.38%
    Vietnamese 1 $215,000 $215,000 $4,955 2.13%

    Approval Rates

    Total approvals of all applications
    93.62%

    Lend Smart Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.55%

    Lend Smart Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,180 $828,940,000 $260,673

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,180 $828,940,000 $260,673

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 90 $16,160,000 $179,556 $3,492 2.68%
    40-60% 383 $87,995,000 $229,752 $3,629 2.85%
    60-80% 1,094 $303,450,000 $277,377 $4,711 3.10%
    80-100% 1,546 $401,700,000 $259,832 $6,254 3.10%
    Over 100% 56 $18,320,000 $327,143 $12,202 2.94%
    Under 20% 11 $1,315,000 $119,545 $3,100 2.70%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Lend Smart Mortgage, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%