Lo Mortgage Rates, Fees & Info

BELLEVUE, WA

LEI: 54930040HIIQWXRS6K39

Tax ID: 91-1529683

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Los Angeles, San Francisco, and San Jose 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.

    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

    1,195

    Origination Dollar Volume (All Markets)

    $543,145,000

    Awards

    LO 30 Year Conventional Loans bronze LO 30 Year Conventional Loans gold
    Show all (2) awards

    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) 1,115 $508,755,000 $456,283 $2,566 2.76%
    Outside of Metro Areas 15 $6,555,000 $437,000 $2,341 2.78%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 14 $5,430,000 $387,857 $3,258 2.77%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 10 $4,230,000 $423,000 $3,503 2.80%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 8 $4,010,000 $501,250 $4,026 2.83%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $3,100,000 $516,667 $3,543 2.81%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 8 $2,840,000 $355,000 $4,518 3.22%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $1,175,000 $391,667 $4,394 2.79%
    SALINAS, CA (FHA|USDA|VA) 2 $990,000 $495,000 $3,663 2.50%
    Ellensburg, WA (FHA|USDA|VA) 1 $935,000 $935,000 $12,635 2.75%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $805,000 $805,000 $0 3.75%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $780,000 $390,000 $3,203 3.38%
    BELLINGHAM, WA (FHA|USDA|VA) 2 $690,000 $345,000 $2,649 2.44%
    Oak Harbor, WA (FHA|USDA|VA) 1 $545,000 $545,000 $3,475 2.63%
    Shelton, WA (FHA|USDA|VA) 1 $515,000 $515,000 $5,500 2.75%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $460,000 $230,000 $2,955 2.69%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $375,000 $375,000 $4,173 2.75%
    Port Angeles, WA (FHA|USDA|VA) 1 $325,000 $325,000 $3,838 2.50%
    Clearlake, CA (FHA|USDA|VA) 1 $325,000 $325,000 $7,500 2.75%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $305,000 $305,000 $4,444 3.50%
    Lo's top markets include Seattle, Portland, Los Angeles, San Francisco, and San Jose among others.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • 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.

    Bank of the Pacific
    Similarity Rank: 1682
    SOUND
    Similarity Rank: 2037
    America's Credit Union
    Similarity Rank: 2352
    VERITY
    Similarity Rank: 2550
    LO, INC.
    Similarity Rank: 2560
    CU HOME MORTGAGE SOLUTIONS, LLC
    Similarity Rank: 2590
    Shea Mortgage Inc.
    Similarity Rank: 2850
    NorthWest Plus Credit Union
    Similarity Rank: 2961
    TRISTAR FINANCE, INC.
    Similarity Rank: 3224
    Chicago Financial Services, Inc.
    Similarity Rank: 3933

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,194 $542,580,000 $454,422 $2,626 2.76%
    FHA 1 $565,000 $565,000 $13,682 2.88%

    For 2021, Lo's most frequently originated type of loan was Conventional, with 1,194 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 800 $340,920,000 $426,150 $1,981 2.71%
    Home Purchase 327 $170,475,000 $521,330 $4,078 2.86%
    Cash Out Refi 65 $30,915,000 $475,615 $2,966 2.92%
    NA 2 $530,000 $265,000 $1,250 2.31%
    Home Improvement 1 $305,000 $305,000 $0 2.38%

    For 2021, Lo's most frequently cited loan purpose was Refi, with 800 originations. The 2nd most popular reason was Home Purchase, with 327 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 783 $376,295,000 $480,581 $2,770 2.90%
    15 Year 208 $77,290,000 $371,587 $2,003 2.33%
    Other 176 $80,260,000 $456,023 $2,853 2.71%
    10 Year 14 $3,340,000 $238,571 $2,473 2.31%
    20 Year 14 $5,960,000 $425,714 $2,587 2.52%

    For 2021, Lo's most frequently cited loan duration was 30 Year, with 783 originations. The 2nd most popular length was 15 Year, with 208 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 362 $163,660,000 $452,099
    $<1k 126 $53,010,000 $420,714
    $2k-3k 6 $2,990,000 $498,333
    $3k-4k 4 $2,100,000 $525,000
    $5k+ 3 $2,215,000 $738,333
    $4k-5k 2 $990,000 $495,000

    Lo's average total fees were $2,770, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 362 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 601 $290,415,000 $483,220
    <2.5% 340 $138,050,000 $406,029
    3-4% 252 $113,860,000 $451,825

    During 2021, Lo's average interest rate for loans was 2.90%, while their most frequently originated rate bucket for loans was 2.5-3%, with 601 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 543 $267,435,000 $492,514 $2,642 2.72%
    $200k-400k 412 $128,670,000 $312,306 $2,243 2.74%
    $600k-1MM 193 $134,925,000 $699,093 $3,383 2.94%
    $100k-200k 39 $6,605,000 $169,359 $2,475 2.73%
    $100,000 or less 4 $270,000 $67,500 $2,791 2.69%
    $1MM+ 4 $5,240,000 $1,310,000 $6,069 2.97%

    2021 saw Lo place emphasis on $400k-600k loans with 543 originations, totaling $267,435,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 507 $236,185,000 $465,848 $2,425 2.72%
    $100k-150k 345 $160,555,000 $465,377 $2,742 2.74%
    $250k+ 174 $88,300,000 $507,471 $2,777 2.93%
    $75k-100k 100 $38,460,000 $384,600 $3,005 2.77%
    $50k-75k 52 $16,090,000 $309,423 $2,736 2.78%
    $50k or less 17 $3,555,000 $209,118 $2,844 2.84%

    Lo lent most frequently to those with incomes in the $150k-250k range, with 507 originations. The second most popular income band? $100k-150k, with 345 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 369 $162,955,000 $441,612 $2,425 2.69%
    30-36% 265 $127,035,000 $479,377 $2,706 2.74%
    <20% 141 $55,755,000 $395,426 $2,383 2.66%
    36% 42 $20,190,000 $480,714 $3,027 2.82%
    39% 37 $18,005,000 $486,622 $2,409 2.99%
    43% 36 $16,920,000 $470,000 $2,869 2.93%
    38% 34 $15,590,000 $458,529 $2,562 2.76%
    41% 32 $14,870,000 $464,688 $2,632 2.91%
    37% 32 $15,570,000 $486,563 $3,053 2.84%
    44% 30 $14,180,000 $472,667 $2,978 3.01%
    42% 29 $13,335,000 $459,828 $3,142 2.90%
    49% 29 $13,945,000 $480,862 $2,819 2.75%
    45% 27 $12,605,000 $466,852 $2,961 2.80%
    46% 27 $11,625,000 $430,556 $3,005 2.84%
    48% 22 $9,760,000 $443,636 $2,337 2.95%
    40% 21 $11,155,000 $531,190 $3,829 2.90%
    47% 17 $7,435,000 $437,353 $2,866 2.87%
    >60% 1 $545,000 $545,000 $3,160 2.88%

    Lo lent most frequently to those with DTI ratios of 20-30%, with 369 originations. The next most common DTI ratio? 30-36%, with 265 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 1,087 $496,755,000 $456,996 $2,589 2.77%
    White 93 $39,985,000 $429,946 $3,141 2.74%
    Asian Indian 6 $2,930,000 $488,333 $4,434 2.63%
    Not provided 5 $2,215,000 $443,000 $2,919 3.08%
    Chinese 2 $760,000 $380,000 $3,029 2.94%
    Vietnamese 1 $305,000 $305,000 $2,940 2.38%
    Other Asian 1 $195,000 $195,000 $3,057 2.38%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    99.67%

    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 3 $1,365,000 $455,000
    1176.2 1 $285,000 $285,000
    1618.0 1 $405,000 $405,000
    4020.0 1 $475,000 $475,000
    NA 1,189 $540,615,000 $454,680

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,195 $543,145,000 $454,515

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 274 $95,310,000 $347,847 $2,477 2.63%
    40-60% 406 $187,330,000 $461,404 $2,050 2.74%
    60-80% 412 $212,230,000 $515,121 $2,998 2.89%
    80-100% 73 $40,125,000 $549,658 $4,391 2.80%
    Under 20% 29 $7,835,000 $270,172 $2,433 2.55%