Lending 3 Mortgage Rates, Fees & Info
FOUNTAIN VALLEY, CALEI: 5493005I7R041I8VOW18
Tax ID: 73-1676597
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.56% | 12/3/24 |
| 30 Year Conventional Refi | 6.54% | 12/3/24 |
| 30 Year Cash-out Refi | 6.87% | 12/3/24 |
| 30 Year FHA Purchase | 7.38% | 12/3/24 |
| 30 Year FHA Refi | 6.86% | 12/3/24 |
| 30 Year VA Purchase | 6.27% | 12/3/24 |
| 30 Year VA Refi | 6.27% | 12/3/24 |
| 15 Year Conventional Purchase | 5.68% | 12/3/24 |
| 15 Year Conventional Refi | 5.68% | 12/3/24 |
| 15 Year Cash-out Refi | 5.68% | 12/3/24 |
| 15 Year VA Refi | 6.50% | 12/3/24 |
| 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
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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
377Origination Dollar Volume (All Markets)
$108,565,000Awards
LENDING 3 - 2019
LENDING 3 is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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% |
| Cañon 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% |
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.
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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
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
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
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
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
2019 saw Lending 3 place emphasis on $200k-400k loans with 193 originations, totaling $54,375,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications98.46%
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 origination62.07%
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
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% |