Lending 3 Mortgage Rates, Fees & Info

FOUNTAIN VALLEY, CA

LEI: 5493005I7R041I8VOW18

Tax ID: 73-1676597

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

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Mortgage Data

Review & Overview

Lending 3 is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. They have an average proportion of FHA loans. Lending 3 has an average proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Atlanta, Baltimore, and Denver among others. We have data for 83 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 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 7.56% 3/28/24
30 Year Conventional Refi 6.54% 3/28/24
30 Year Cash-out Refi 6.87% 3/28/24
30 Year FHA Purchase 7.38% 3/28/24
30 Year FHA Refi 6.86% 3/28/24
30 Year VA Purchase 6.27% 3/28/24
30 Year VA Refi 6.27% 3/28/24
15 Year Conventional Purchase 5.68% 3/28/24
15 Year Conventional Refi 5.68% 3/28/24
15 Year Cash-out Refi 5.68% 3/28/24
15 Year VA Refi 6.50% 3/28/24
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

377

Origination Dollar Volume (All Markets)

$108,565,000

Awards

LENDING 3 FHA Loans bronze LENDING 3 FHA Loans bronze LENDING 3 VA Loans silver
Show all (3) 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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 72 $28,270,000 $392,639 $10,636 4.38%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 56 $17,200,000 $307,143 $8,887 4.22%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 18 $3,720,000 $206,667 $7,705 3.76%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 14 $2,960,000 $211,429 $6,833 3.90%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $2,615,000 $373,571 $10,934 4.05%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 9 $2,595,000 $288,333 $10,025 3.89%
Outside of Metro Areas 8 $2,470,000 $308,750 $7,710 4.19%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $2,390,000 $597,500 $13,818 4.03%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 10 $2,280,000 $228,000 $8,591 3.58%
BAKERSFIELD, CA (FHA|USDA|VA) 8 $2,170,000 $271,250 $9,067 4.53%
COLORADO SPRINGS, CO (FHA|USDA|VA) 7 $2,005,000 $286,429 $9,971 3.36%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $1,980,000 $495,000 $12,683 4.75%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 6 $1,970,000 $328,333 $9,934 3.57%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $1,965,000 $280,714 $7,650 3.36%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $1,895,000 $270,714 $12,205 3.68%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 9 $1,645,000 $182,778 $9,911 3.60%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $1,585,000 $317,000 $8,869 3.40%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $1,565,000 $313,000 $12,000 3.65%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 8 $1,500,000 $187,500 $7,146 4.17%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,420,000 $236,667 $9,183 3.65%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $1,180,000 $295,000 $9,621 3.63%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $1,100,000 $183,333 $6,797 3.73%
STOCKTON, CA (FHA|USDA|VA) 3 $995,000 $331,667 $13,042 3.83%
TUCSON, AZ (FHA|USDA|VA) 4 $900,000 $225,000 $5,235 3.50%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $880,000 $220,000 $9,709 3.41%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $850,000 $212,500 $7,779 3.97%
FORT COLLINS, CO (FHA|USDA|VA) 2 $780,000 $390,000 $15,436 3.69%
COLUMBUS, GA-AL (FHA|USDA|VA) 4 $680,000 $170,000 $8,322 4.09%
HINESVILLE, GA (FHA|USDA|VA) 3 $645,000 $215,000 $9,067 3.38%
GREELEY, CO (FHA|USDA|VA) 2 $640,000 $320,000 $8,965 3.31%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $605,000 $201,667 $9,423 3.17%
GRANTS PASS, OR (FHA|USDA|VA) 1 $575,000 $575,000 $6,270 3.88%
BRUNSWICK, GA (FHA|USDA|VA) 2 $510,000 $255,000 $10,454 4.88%
FRESNO, CA (FHA|USDA|VA) 3 $505,000 $168,333 $7,173 3.96%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $480,000 $240,000 $6,000 3.81%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $470,000 $235,000 $10,580 4.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $465,000 $155,000 $7,327 4.08%
PUEBLO, CO (FHA|USDA|VA) 2 $450,000 $225,000 $6,359 3.38%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $445,000 $445,000 $14,060 3.25%
NAPA, CA (FHA|USDA|VA) 1 $445,000 $445,000 $10,840 2.88%
SALEM, OR (FHA|USDA|VA) 2 $430,000 $215,000 $9,252 4.19%
ROCKFORD, IL (FHA|USDA|VA) 1 $415,000 $415,000 $7,567 3.38%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $405,000 $405,000 $4,861 3.55%
MERCED, CA (FHA|USDA|VA) 2 $390,000 $195,000 $8,717 4.63%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $360,000 $180,000 $10,433 4.06%
VALLEJO, CA (FHA|USDA|VA) 1 $355,000 $355,000 $6,080 5.75%
BOULDER, CO (FHA|USDA|VA) 2 $350,000 $175,000 $9,310 3.31%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $340,000 $170,000 $4,643 3.25%
OCALA, FL (FHA|USDA|VA) 1 $335,000 $335,000 $11,955 3.25%
CaƱon City, CO (FHA|USDA|VA) 1 $325,000 $325,000 $6,397 3.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $325,000 $325,000 $6,512 3.75%
BEND, OR (FHA|USDA|VA) 1 $325,000 $325,000 $10,670 3.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $310,000 $155,000 $0 4.19%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $295,000 $295,000 $6,158 3.50%
Brookings, OR (FHA|USDA|VA) 1 $275,000 $275,000 $11,087 4.38%
MADERA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.50%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $275,000 $275,000 $8,094 3.38%
Susanville, CA (FHA|USDA|VA) 1 $265,000 $265,000 $10,365 3.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,805 3.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $260,000 $130,000 $6,923 3.44%
YUMA, AZ (FHA|USDA|VA) 2 $260,000 $130,000 $9,319 4.38%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $255,000 $255,000 $9,660 3.50%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $11,295 3.63%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $235,000 $235,000 $7,494 3.88%
Coos Bay, OR (FHA|USDA|VA) 1 $235,000 $235,000 $9,924 2.88%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $8,407 3.75%
REDDING, CA (FHA|USDA|VA) 1 $215,000 $215,000 $10,836 4.75%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $215,000 $215,000 $4,310 3.25%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $195,000 $195,000 $5,886 3.38%
PANAMA CITY, FL (FHA|USDA|VA) 1 $195,000 $195,000 $15,196 3.00%
VISALIA, CA (FHA|USDA|VA) 1 $175,000 $175,000 $4,075 3.38%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $175,000 $175,000 $7,260 4.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $4,365 3.25%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $165,000 $165,000 $7,218 3.88%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $155,000 $155,000 $8,807 5.50%
DECATUR, IL (FHA|USDA|VA) 1 $155,000 $155,000 $4,315 3.38%
Roseburg, OR (FHA|USDA|VA) 1 $155,000 $155,000 $8,061 4.88%
Mount Vernon, IL (FHA|USDA|VA) 1 $145,000 $145,000 $3,687 3.45%
Palatka, FL (FHA|USDA|VA) 1 $145,000 $145,000 $5,875 3.13%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $145,000 $145,000 $6,757 3.75%
KANKAKEE, IL (FHA|USDA|VA) 1 $145,000 $145,000 $5,709 3.25%
SAVANNAH, GA (FHA|USDA|VA) 1 $95,000 $95,000 $7,032 3.25%
Zapata, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.75%
Lending 3's top markets include Los Angeles, Riverside, Atlanta, Baltimore, and Denver among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • 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.

    Christian Community Credit Union
    Similarity Rank: 220
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    AAXY L.L.C.
    Similarity Rank: 480
    Emory Alliance Credit Union
    Similarity Rank: 516
    FC LENDING, LTD.
    Similarity Rank: 815
    Deer Valley Credit Union
    Similarity Rank: 820
    FRONTWAVE
    Similarity Rank: 912
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 948
    LA Financial Federal Credit Union
    Similarity Rank: 951

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    VA 202 $51,910,000 $256,980 $8,975 3.63%
    FHA 101 $30,975,000 $306,683 $9,324 4.24%
    Conventional 74 $25,680,000 $347,027 $8,298 4.51%

    For 2019, Lending 3's most frequently originated type of loan was VA, with 202 originations. Their 2nd most popular type was FHA, with 101 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 168 $47,700,000 $283,929 $10,144 4.04%
    Refi 140 $38,170,000 $272,643 $7,308 3.58%
    Home Purchase 68 $22,040,000 $324,118 $9,893 4.60%
    NA 1 $655,000 $655,000 $9,020 4.00%

    For 2019, Lending 3's most frequently cited loan purpose was Cash Out Refi, with 168 originations. The 2nd most popular reason was Refi, with 140 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 356 $103,920,000 $291,910 $8,967 3.98%
    Other 10 $2,720,000 $272,000 $12,478 3.61%
    20 Year 7 $1,285,000 $183,571 $7,979 4.11%
    15 Year 4 $640,000 $160,000 $5,440 3.41%

    For 2019, Lending 3's most frequently cited loan duration was 30 Year, with 356 originations. The 2nd most popular length was Other, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 125 $38,235,000 $305,880
    $2k-3k 81 $22,785,000 $281,296
    $4k-5k 39 $8,335,000 $213,718
    $3k-4k 31 $5,845,000 $188,548
    $<1k 3 $715,000 $238,333
    $1k-2k 3 $455,000 $151,667

    Lending 3's average total fees were $8,967, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 125 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 239 $64,775,000 $271,025
    4-5% 92 $28,200,000 $306,522
    5-6% 30 $9,570,000 $319,000
    2.5-3% 11 $3,275,000 $297,727
    6-7% 3 $1,725,000 $575,000
    7-8% 2 $1,020,000 $510,000

    During 2019, Lending 3's average interest rate for loans was 3.98%, while their most frequently originated rate bucket for loans was 3-4%, with 239 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 193 $54,375,000 $281,736 $8,869 3.90%
    $100k-200k 110 $17,510,000 $159,182 $7,160 3.84%
    $400k-600k 56 $26,740,000 $477,500 $12,741 4.32%
    $600k-1MM 14 $9,570,000 $683,571 $15,948 4.51%
    $100,000 or less 4 $370,000 $92,500 $5,352 4.09%

    2019 saw Lending 3 place emphasis on $200k-400k loans with 193 originations, totaling $54,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 160 $38,040,000 $237,750 $7,487 3.62%
    $50k-75k 95 $22,975,000 $241,842 $8,961 4.07%
    $75k-100k 52 $16,850,000 $324,038 $11,052 4.23%
    $100k-150k 51 $20,405,000 $400,098 $12,743 4.35%
    $150k-250k 13 $6,985,000 $537,308 $10,112 4.64%
    $250k+ 4 $2,430,000 $607,500 $5,725 4.86%

    Lending 3 lent most frequently to those with incomes in the $50k or less range, with 160 originations. The second most popular income band? $50k-75k, with 95 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 108 $28,060,000 $259,815 $6,945 3.46%
    50-60% 63 $19,405,000 $308,016 $10,194 4.18%
    30-36% 33 $9,295,000 $281,667 $11,070 4.09%
    20-30% 22 $5,320,000 $241,818 $7,768 4.09%
    42% 18 $5,270,000 $292,778 $11,316 4.12%
    >60% 17 $5,505,000 $323,824 $7,653 4.17%
    48% 15 $4,755,000 $317,000 $11,362 3.97%
    49% 14 $4,600,000 $328,571 $8,403 4.61%
    37% 13 $3,425,000 $263,462 $8,857 4.13%
    46% 12 $3,520,000 $293,333 $11,225 4.06%
    43% 12 $4,270,000 $355,833 $11,256 4.49%
    41% 11 $3,585,000 $325,909 $10,914 4.09%
    44% 10 $3,450,000 $345,000 $10,643 4.18%
    38% 6 $1,610,000 $268,333 $8,758 4.10%
    47% 5 $1,255,000 $251,000 $8,114 4.03%
    36% 5 $1,115,000 $223,000 $9,000 4.13%
    45% 4 $940,000 $235,000 $6,187 4.41%
    40% 4 $1,110,000 $277,500 $11,412 4.16%
    39% 1 $265,000 $265,000 $0 4.75%

    Lending 3 lent most frequently to those with DTI ratios of <20%, with 108 originations. The next most common DTI ratio? 50-60%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 249 $69,485,000 $279,056 $8,929 3.86%
    Black 72 $20,510,000 $284,861 $8,918 4.05%
    Not provided 51 $16,615,000 $325,784 $9,243 4.29%
    Asian 2 $1,000,000 $500,000 $21,210 5.41%
    American Indian 3 $955,000 $318,333 $9,275 4.58%

    Approval Rates

    Total approvals of all applications
    98.46%

    Lending 3 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
    62.07%

    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 377 $108,565,000 $287,971

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 9 $1,705,000 $189,444
    Single Family (1-4 Units):Site-Built 368 $106,860,000 $290,380

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $810,000 $202,500 $4,793 3.88%
    40-60% 28 $6,590,000 $235,357 $7,461 3.80%
    60-80% 88 $24,680,000 $280,455 $7,578 3.91%
    80-100% 246 $73,240,000 $297,724 $9,607 4.01%
    Over 100% 8 $2,160,000 $270,000 $9,476 4.02%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Lendmark Financial Services Other type of mortgage Improper use of your report 1 100.0%