Lo Mortgage Rates, Fees & Info
BELLEVUE, WALEI: 54930040HIIQWXRS6K39
Tax ID: 91-1529683
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Lo is a smaller mortgage company specializing in Refi and Home Purchase loans. Lo 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: Seattle, Portland, San Francisco, San Jose, and Mount Vernon among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Lo has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Lo 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.
Originations
396Origination Dollar Volume (All Markets)
$170,100,000Awards
LO - 2019
LO is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
Work for LO?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 355 | $152,365,000 | $429,197 | $2,288 | 4.79% |
| Outside of Metro Areas | 25 | $11,425,000 | $457,000 | $2,028 | 3.71% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 7 | $2,315,000 | $330,714 | $2,849 | 3.73% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,535,000 | $511,667 | $1,605 | 4.04% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,505,000 | $501,667 | $1,728 | 4.08% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $1,988 | 3.63% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $890 | 4.25% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,913 | 3.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against LO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 657
Similarity Rank: 1090
Similarity Rank: 1221
Similarity Rank: 1764
Similarity Rank: 2030
Similarity Rank: 2048
Similarity Rank: 2124
Similarity Rank: 3072
Similarity Rank: 3104
Similarity Rank: 3321
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 394 | $169,340,000 | $429,797 | $2,267 | 4.68% |
| FHA | 2 | $760,000 | $380,000 | $2,827 | 4.13% |
For 2019, Lo's most frequently originated type of loan was Conventional, with 394 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2019, Lo's most frequently cited loan purpose was Refi, with 260 originations. The 2nd most popular reason was Home Purchase, with 108 originations.
Loan Duration/Length
For 2019, Lo's most frequently cited loan duration was 30 Year, with 275 originations. The 2nd most popular length was 15 Year, with 63 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 124 | $47,070,000 | $379,597 |
| $<1k | 63 | $27,025,000 | $428,968 |
| $2k-3k | 4 | $1,780,000 | $445,000 |
| $3k-4k | 1 | $305,000 | $305,000 |
Lo's average total fees were $2,213, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 124 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 302 | $128,780,000 | $426,424 |
| 4-5% | 65 | $29,885,000 | $459,769 |
| 2.5-3% | 27 | $10,695,000 | $396,111 |
| Over 8% | 2 | $740,000 | $370,000 |
During 2019, Lo's average interest rate for loans was 5.12%, while their most frequently originated rate bucket for loans was 3-4%, with 302 originations.
Loan Sizing
2019 saw Lo place emphasis on $400k-600k loans with 173 originations, totaling $81,395,000 in origination value.
Applicant Income
Lo lent most frequently to those with incomes in the $100k-150k range, with 155 originations. The second most popular income band? $150k-250k, with 128 originations.
Applicant Debt to Income Ratio
Lo lent most frequently to those with DTI ratios of 20-30%, with 110 originations. The next most common DTI ratio? 30-36%, with 83 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Lo has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.23%
Lo has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 18 | $8,180,000 | $454,444 |
| 1000.0 | 1 | $605,000 | $605,000 |
| 1209.0 | 1 | $445,000 | $445,000 |
| 4014.46 | 1 | $485,000 | $485,000 |
| 533.0 | 1 | $485,000 | $485,000 |
| 5399.84 | 1 | $715,000 | $715,000 |
| NA | 373 | $159,185,000 | $426,769 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 396 | $170,100,000 | $429,545 |