Lpmc Mortgage Rates, Fees & Info
SALEM, ORLEI: 5493006KXUHSYFT7SD10
Tax ID: 27-4626537
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Mortgage Data
Review & Overview
Lpmc is a smaller mortgage company specializing in Home Purchase loans. Lpmc has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Salem, Portland, Bend, Albany, and Newport among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)Lpmc 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. Lpmc is typically an average 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.70% | 11/21/24 |
| 30 Year Conventional Refi | 6.65% | 11/21/24 |
| 30 Year Cash-out Refi | 6.81% | 11/21/24 |
| 30 Year FHA Purchase | 7.49% | 11/21/24 |
| 30 Year VA Purchase | 6.47% | 11/21/24 |
| 30 Year USDA Purchase | 6.90% | 11/21/24 |
| 15 Year Conventional Purchase | 6.28% | 11/21/24 |
| 15 Year Conventional Refi | 6.24% | 11/21/24 |
| 15 Year Cash-out Refi | 6.24% | 11/21/24 |
| 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. | ||
Lpmc Mortgage Calculator
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This is not an official calculator from Lpmc. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
507Origination Dollar Volume (All Markets)
$171,795,000Awards
LPMC - 2022
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For 2022, 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 |
|---|---|---|---|---|---|
| SALEM, OR (FHA|USDA|VA) | 197 | $65,715,000 | $333,579 | $7,312 | 4.60% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 71 | $26,215,000 | $369,225 | $6,331 | 4.84% |
| BEND, OR (FHA|USDA|VA) | 43 | $19,765,000 | $459,651 | $8,040 | 4.63% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 32 | $9,930,000 | $310,313 | $7,068 | 4.94% |
| Newport, OR (FHA|USDA|VA) | 26 | $8,850,000 | $340,385 | $6,438 | 5.01% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 27 | $8,705,000 | $322,407 | $7,537 | 5.04% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 26 | $8,520,000 | $327,692 | $7,510 | 5.10% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 30 | $7,910,000 | $263,667 | $8,913 | 4.76% |
| Outside of Metro Areas | 13 | $4,105,000 | $315,769 | $7,493 | 5.06% |
| CORVALLIS, OR (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $4,694 | 5.06% |
| LONGVIEW, WA (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $3,537 | 4.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $4,593 | 5.06% |
| YAKIMA, WA (FHA|USDA|VA) | 7 | $1,165,000 | $166,429 | $4,001 | 3.89% |
| Centralia, WA (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $8,506 | 3.96% |
| Coos Bay, OR (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $5,119 | 5.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $7,334 | 5.81% |
| Prineville, OR (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $6,573 | 5.75% |
| Klamath Falls, OR (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $5,701 | 4.87% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $8,081 | 4.75% |
| Roseburg, OR (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $8,425 | 3.25% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,488 | 4.88% |
| La Grande, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,896 | 4.75% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,998 | 5.63% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,547 | 3.50% |
| Othello, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,261 | 5.63% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,537 | 5.37% |
Similar Lenders
We use machine learning to identify the top lenders compared against LPMC 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
For 2022, Lpmc's most frequently originated type of loan was Conventional, with 418 originations. Their 2nd most popular type was FHA, with 64 originations.
Loan Reason
For 2022, Lpmc's most frequently cited loan purpose was Home Purchase, with 383 originations. The 2nd most popular reason was Cash Out Refi, with 99 originations.
Loan Duration/Length
For 2022, Lpmc's most frequently cited loan duration was 30 Year, with 486 originations. The 2nd most popular length was 15 Year, with 12 originations.
Origination Fees/Closing Costs
Lpmc's average total fees were $7,177, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 143 originations.
Interest Rates
During 2022, Lpmc's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 5-6%, with 158 originations.
Loan Sizing
2022 saw Lpmc place emphasis on $200k-400k loans with 300 originations, totaling $90,680,000 in origination value.
Applicant Income
Lpmc lent most frequently to those with incomes in the $100k-150k range, with 136 originations. The second most popular income band? $50k-75k, with 132 originations.
Applicant Debt to Income Ratio
Lpmc lent most frequently to those with DTI ratios of 30-36%, with 78 originations. The next most common DTI ratio? 20-30%, with 74 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.47%
Lpmc has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination74.36%
Lpmc has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 507 | $171,795,000 | $338,846 |