Lo Mortgage Rates, Fees & Info
BELLEVUE, WALEI: 54930040HIIQWXRS6K39
Tax ID: 91-1529683
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Mortgage Data
Review & Overview
Lo is a smaller mortgage company specializing in Refi loans. Lo has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, San Francisco, Portland, San Jose, and Los Angeles among others. We have data for 20 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.
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Originations
1,715Origination Dollar Volume (All Markets)
$767,925,000Top 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) | 1,573 | $707,385,000 | $449,704 | $2,779 | 3.31% |
Outside of Metro Areas | 85 | $39,515,000 | $464,882 | $1,791 | 3.36% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 9 | $4,055,000 | $450,556 | $3,501 | 33.11% |
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 10 | $3,090,000 | $309,000 | $2,986 | 2.99% |
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $2,985,000 | $426,429 | $3,468 | 42.25% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $2,195,000 | $439,000 | $4,197 | 2.60% |
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 6 | $1,890,000 | $315,000 | $1,691 | 3.02% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $6,358 | 3.31% |
Oak Harbor, WA (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $0 | 2.81% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,063 | 3.25% |
WENATCHEE, WA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $3,048 | 2.81% |
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,928 | 2.75% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $1,605 | 2.75% |
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,458 | 3.63% |
Shelton, WA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,727 | 3.00% |
SALINAS, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,164 | 3.13% |
BELLINGHAM, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,758 | 2.63% |
Moses Lake, WA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,859 | 3.81% |
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,593 | 2.88% |
Centralia, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,075 | 3.88% |
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: 378
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 1,715 | $767,925,000 | $447,770 | $2,769 | 3.62% |
For 2020, Lo's most frequently originated type of loan was Conventional, with 1,715 originations.
Loan Reason
For 2020, Lo's most frequently cited loan purpose was Refi, with 1,380 originations. The 2nd most popular reason was Home Purchase, with 271 originations.
Loan Duration/Length
For 2020, Lo's most frequently cited loan duration was 30 Year, with 1,134 originations. The 2nd most popular length was 15 Year, with 302 originations.
Origination Fees/Closing Costs
Lo's average total fees were $3,047, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 534 originations.
Interest Rates
During 2020, Lo's average interest rate for loans was 3.80%, while their most frequently originated rate bucket for loans was 2.5-3%, with 923 originations.
Loan Sizing
2020 saw Lo place emphasis on $400k-600k loans with 805 originations, totaling $390,935,000 in origination value.
Applicant Income
Lo lent most frequently to those with incomes in the $150k-250k range, with 735 originations. The second most popular income band? $100k-150k, with 602 originations.
Applicant Debt to Income Ratio
Lo lent most frequently to those with DTI ratios of 20-30%, with 602 originations. The next most common DTI ratio? 30-36%, with 388 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.65%
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 origination99.48%
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 | 15 | $7,615,000 | $507,667 |
1000.0 | 1 | $515,000 | $515,000 |
1120.0 | 23 | $10,005,000 | $435,000 |
1205.0 | 1 | $365,000 | $365,000 |
1500.0 | 2 | $880,000 | $440,000 |
3159.0 | 1 | $615,000 | $615,000 |
4909.0 | 1 | $295,000 | $295,000 |
82.0 | 1 | $215,000 | $215,000 |
NA | 1,670 | $747,420,000 | $447,557 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Multifamily:Site-Built | 1 | $475,000 | $475,000 |
Single Family (1-4 Units):Site-Built | 1,714 | $767,450,000 | $447,754 |