Lending 3 Mortgage Rates, Fees & Info
FOUNTAIN VALLEY, CALEI: 5493005I7R041I8VOW18
Tax ID: 73-1676597
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Lending 3 is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Lending 3 has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Los Angeles, San Francisco, Riverside, Phoenix, and San Diego among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Lending 3 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. Lending 3 is typically a high 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 relatively high 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 | 7.56% | 4/21/24 |
| 30 Year Conventional Refi | 6.54% | 4/21/24 |
| 30 Year Cash-out Refi | 6.87% | 4/21/24 |
| 30 Year FHA Purchase | 7.38% | 4/21/24 |
| 30 Year FHA Refi | 6.86% | 4/21/24 |
| 30 Year VA Purchase | 6.27% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 5.68% | 4/21/24 |
| 15 Year Conventional Refi | 5.68% | 4/21/24 |
| 15 Year Cash-out Refi | 5.68% | 4/21/24 |
| 15 Year VA Refi | 6.50% | 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. | ||
Lending 3 Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Lending 3. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
53Origination Dollar Volume (All Markets)
$19,525,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 20 | $8,610,000 | $430,500 | $10,475 | 5.21% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $3,400,000 | $566,667 | $15,856 | 6.43% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 12 | $3,220,000 | $268,333 | $8,435 | 5.36% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $11,636 | 5.06% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $6,474 | 5.13% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $8,621 | 5.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $18,420 | 5.50% |
| SALEM, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $8,550 | 5.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,309 | 5.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $8,831 | 5.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,804 | 5.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $13,382 | 5.75% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $13,070 | 5.50% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.50% |
| Outside of Metro Areas | 1 | $255,000 | $255,000 | $12,487 | 5.63% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,245 | 6.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against LENDING 3 based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 92
Similarity Rank: 200
Similarity Rank: 210
Similarity Rank: 321
Similarity Rank: 416
Similarity Rank: 500
Similarity Rank: 515
Similarity Rank: 592
Similarity Rank: 612
Similarity Rank: 612
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $9,470,000 | $394,583 | $10,618 | 5.67% |
| FHA | 21 | $7,345,000 | $349,762 | $9,583 | 5.21% |
| VA | 8 | $2,710,000 | $338,750 | $12,253 | 5.30% |
For 2018, Lending 3's most frequently originated type of loan was Conventional, with 24 originations. Their 2nd most popular type was FHA, with 21 originations.
Loan Reason
For 2018, Lending 3's most frequently cited loan purpose was Cash Out Refi, with 29 originations. The 2nd most popular reason was Home Purchase, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 53 | $19,525,000 | $368,396 | $10,412 | 5.43% |
For 2018, Lending 3's most frequently cited loan duration was 30 Year, with 53 originations.
Origination Fees/Closing Costs
Lending 3's average total fees were $10,412, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 14 originations.
Interest Rates
During 2018, Lending 3's average interest rate for loans was 5.43%, while their most frequently originated rate bucket for loans was 5-6%, with 31 originations.
Loan Sizing
2018 saw Lending 3 place emphasis on $200k-400k loans with 33 originations, totaling $10,055,000 in origination value.
Applicant Income
Lending 3 lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
Lending 3 lent most frequently to those with DTI ratios of 50-60%, with 18 originations. The next most common DTI ratio? 44%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.79%
Lending 3 has an average approval rate.
Pick Rate
Approvals leading to origination-179.25%
Lending 3 has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 53 | $19,525,000 | $368,396 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 53 | $19,525,000 | $368,396 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Landmark Mortgage LLC | FHA mortgage | Closing on a mortgage | 1 | 100.0% |