Lend Smart Mortgage Rates, Fees & Info
Oakdale, MNLEI: 5493002BHZ2N82ENVH10
Tax ID: 20-4224234
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Mortgage Data
Review & Overview
Lend Smart Mortgage is a smaller mortgage company specializing in Home Purchase loans. Lend Smart Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Minneapolis, Phoenix, Rapid City, Chicago, and Tucson among others. We have data for 86 markets. (Some data included below & more in-depth data is available with an active subscription.)Lend Smart Mortgage has an 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 | 6.84% | 4/21/24 |
| 30 Year Conventional Refi | 6.64% | 4/21/24 |
| 30 Year Cash-out Refi | 6.84% | 4/21/24 |
| 30 Year FHA Purchase | 7.72% | 4/21/24 |
| 30 Year FHA Refi | 7.17% | 4/21/24 |
| 30 Year VA Purchase | 6.41% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 6.89% | 4/21/24 |
| 30 Year USDA Refi | 6.84% | 4/21/24 |
| 15 Year Conventional Purchase | 6.49% | 4/21/24 |
| 15 Year Conventional Refi | 6.38% | 4/21/24 |
| 15 Year Cash-out Refi | 6.38% | 4/21/24 |
| 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. | ||
Lend Smart Mortgage Mortgage Calculator
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This is not an official calculator from Lend Smart Mortgage. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,596Origination Dollar Volume (All Markets)
$562,320,000Awards
Lend Smart Mortgage - 2019
Lend Smart Mortgage is a 2019 , due to their low .
For 2019, 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 708 | $171,740,000 | $242,571 | $5,600 | 4.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 452 | $115,200,000 | $254,867 | $4,989 | 4.22% |
| RAPID CITY, SD (FHA|USDA|VA) | 354 | $78,800,000 | $222,599 | $6,172 | 4.11% |
| Outside of Metro Areas | 238 | $36,820,000 | $154,706 | $4,230 | 4.14% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 156 | $34,510,000 | $221,218 | $6,516 | 4.59% |
| TUCSON, AZ (FHA|USDA|VA) | 161 | $27,895,000 | $173,261 | $5,233 | 4.65% |
| DULUTH, MN-WI (FHA|USDA|VA) | 156 | $25,290,000 | $162,115 | $4,573 | 4.45% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 27 | $7,315,000 | $270,926 | $4,392 | 4.23% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 16 | $3,850,000 | $240,625 | $5,800 | 4.47% |
| Spearfish, SD (FHA|USDA|VA) | 16 | $3,330,000 | $208,125 | $5,842 | 4.05% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 26 | $3,250,000 | $125,000 | $4,839 | 4.33% |
| MADISON, WI (FHA|USDA|VA) | 21 | $3,095,000 | $147,381 | $2,965 | 4.36% |
| Brainerd, MN (FHA|USDA|VA) | 17 | $2,865,000 | $168,529 | $4,664 | 4.10% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 11 | $2,635,000 | $239,545 | $6,383 | 3.83% |
| Bemidji, MN (FHA|USDA|VA) | 15 | $2,295,000 | $153,000 | $4,657 | 3.88% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 14 | $2,200,000 | $157,143 | $6,147 | 4.62% |
| Grand Rapids, MN (FHA|USDA|VA) | 12 | $2,090,000 | $174,167 | $7,378 | 3.81% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $1,585,000 | $226,429 | $4,579 | 4.43% |
| Show Low, AZ (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $3,541 | 4.15% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 9 | $1,575,000 | $175,000 | $4,230 | 4.56% |
| ST. CLOUD, MN (FHA|USDA|VA) | 7 | $1,285,000 | $183,571 | $5,682 | 4.18% |
| Williston, ND (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $13,142 | 4.67% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $5,345 | 4.60% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $6,838 | 4.04% |
| Red Wing, MN (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $6,303 | 4.19% |
| Rockingham, NC (FHA|USDA|VA) | 9 | $1,045,000 | $116,111 | $4,034 | 4.79% |
| Worthington, MN (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $7,141 | 4.29% |
| Pierre, SD (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $3,827 | 4.19% |
| MANKATO, MN (FHA|USDA|VA) | 7 | $1,005,000 | $143,571 | $5,018 | 4.29% |
| Menomonie, WI (FHA|USDA|VA) | 7 | $995,000 | $142,143 | $3,890 | 3.71% |
| Hutchinson, MN (FHA|USDA|VA) | 5 | $985,000 | $197,000 | $5,350 | 4.68% |
| Nogales, AZ (FHA|USDA|VA) | 8 | $940,000 | $117,500 | $5,176 | 5.00% |
| WACO, TX (FHA|USDA|VA) | 6 | $900,000 | $150,000 | $4,070 | 4.21% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $4,003 | 4.50% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $3,536 | 4.97% |
| Gillette, WY (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $12,634 | 3.75% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $6,228 | 5.13% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $5,296 | 4.08% |
| Sanford, NC (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $5,736 | 5.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $7,014 | 4.31% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $4,129 | 4.44% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $4,886 | 4.29% |
| Aberdeen, SD (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $5,353 | 4.21% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $5,928 | 4.56% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $4,773 | 4.19% |
| Willmar, MN (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $6,319 | 4.69% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,021 | 4.69% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $3,932 | 4.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,064 | 4.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,796 | 4.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $6,367 | 3.88% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $6,287 | 4.17% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,433 | 3.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $1,888 | 5.00% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,643 | 4.38% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,281 | 4.31% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $13,649 | 3.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,122 | 4.31% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,611 | 4.19% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,962 | 3.88% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,403 | 4.81% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $13,470 | 4.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,747 | 3.63% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $11,272 | 4.50% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,566 | 4.56% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,426 | 4.13% |
| Lumberton, NC (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $2,242 | 4.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,512 | 4.50% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,714 | 4.75% |
| Payson, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,340 | 4.63% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $13,205 | 3.50% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,986 | 4.13% |
| Owatonna, MN (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,515 | 4.00% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,938 | 4.50% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,529 | 4.25% |
| Freeport, IL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,347 | 4.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,498 | 4.88% |
| Brookings, SD (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,331 | 4.38% |
| Austin, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,881 | 4.25% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,879 | 4.50% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,930 | 4.63% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,817 | 5.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,739 | 5.75% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,899 | 4.38% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,968 | 3.88% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,263 | 4.75% |
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Product Mix
For 2019, Lend Smart Mortgage's most frequently originated type of loan was Conventional, with 1,510 originations. Their 2nd most popular type was FHA, with 570 originations.
Loan Reason
For 2019, Lend Smart Mortgage's most frequently cited loan purpose was Home Purchase, with 1,832 originations. The 2nd most popular reason was Refi, with 435 originations.
Loan Duration/Length
For 2019, Lend Smart Mortgage's most frequently cited loan duration was 30 Year, with 2,423 originations. The 2nd most popular length was 15 Year, with 110 originations.
Origination Fees/Closing Costs
Lend Smart Mortgage's average total fees were $5,443, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 859 originations.
Interest Rates
During 2019, Lend Smart Mortgage's average interest rate for loans was 4.28%, while their most frequently originated rate bucket for loans was 4-5%, with 1,166 originations.
Loan Sizing
2019 saw Lend Smart Mortgage place emphasis on $200k-400k loans with 1,200 originations, totaling $321,570,000 in origination value.
Applicant Income
Lend Smart Mortgage lent most frequently to those with incomes in the $50k-75k range, with 804 originations. The second most popular income band? $50k or less, with 777 originations.
Applicant Debt to Income Ratio
Lend Smart Mortgage lent most frequently to those with DTI ratios of 30-36%, with 446 originations. The next most common DTI ratio? 20-30%, with 427 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.63%
Lend Smart Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination78.24%
Lend Smart Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,596 | $562,320,000 | $216,610 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2,596 | $562,320,000 | $216,610 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Lend Smart Mortgage, LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 100.0% |