Loan Simple Mortgage Rates, Fees & Info

Colorado Springs, CO

LEI: 549300748YYU6VG08N83

Tax ID: 84-1412422

4.1 stars - out of 5 stars, based on 63 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Loan Simple is a small mortgage company specializing in Home Purchase and Refi loans. Loan Simple 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 include Denver, Phoenix, Dallas, Las Vegas, and Greeley among others. Loan Simple has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Loan Simple is typically an average fee lendor.


Originations

3,964

Origination Dollar Volume (All Markets)

$1,217,470,000
Show all (7) awards

Relative Rate

Loan Simple 's average 30 year fixed rate mortgage of loans were 3.13%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.02%.

Relative Fees

Loan Simple 's average total fees for a 30 year fixed rate mortgage are $5,724.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 729 $270,105,000 $370,514 $5,352 3.07%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 410 $135,570,000 $330,659 $4,791 3.15%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 274 $74,480,000 $271,825 $6,938 3.28%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 256 $67,340,000 $263,047 $5,471 3.21%
GREELEY, CO (FHA|USDA|VA) 196 $67,070,000 $342,194 $5,616 3.14%
FORT COLLINS, CO (FHA|USDA|VA) 196 $66,440,000 $338,980 $4,853 3.11%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 172 $58,450,000 $339,826 $5,393 3.09%
COLORADO SPRINGS, CO (FHA|USDA|VA) 130 $44,310,000 $340,846 $6,438 2.91%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 65 $23,535,000 $362,077 $6,161 3.08%
Outside of Metro Areas 93 $21,675,000 $233,065 $5,161 2.96%
Sonora, CA (FHA|USDA|VA) 68 $20,340,000 $299,118 $5,189 2.89%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 82 $20,200,000 $246,341 $6,518 3.19%
ALBUQUERQUE, NM (FHA|USDA|VA) 75 $17,695,000 $235,933 $5,299 3.27%
APPLETON, WI (FHA|USDA|VA) 69 $15,405,000 $223,261 $2,549 3.00%
BOULDER, CO (FHA|USDA|VA) 39 $13,885,000 $356,026 $4,843 3.21%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 32 $12,980,000 $405,625 $6,557 2.84%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 25 $12,055,000 $482,200 $9,542 2.93%
FLAGSTAFF, AZ (FHA|USDA|VA) 28 $10,610,000 $378,929 $5,074 3.07%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 28 $9,880,000 $352,857 $7,792 3.08%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 23 $8,785,000 $381,957 $6,795 3.26%
Cañon City, CO (FHA|USDA|VA) 36 $7,890,000 $219,167 $5,781 2.96%
BEND, OR (FHA|USDA|VA) 20 $7,160,000 $358,000 $5,485 3.24%
PUEBLO, CO (FHA|USDA|VA) 27 $7,015,000 $259,815 $5,084 3.15%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 25 $6,765,000 $270,600 $8,750 3.36%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 31 $6,735,000 $217,258 $2,430 2.98%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 18 $6,660,000 $370,000 $6,996 3.12%
Othello, WA (FHA|USDA|VA) 31 $6,485,000 $209,194 $5,297 3.15%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 24 $6,460,000 $269,167 $7,332 3.36%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 30 $6,350,000 $211,667 $5,095 3.31%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 23 $6,245,000 $271,522 $8,106 2.71%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 20 $5,820,000 $291,000 $5,757 3.29%
MODESTO, CA (FHA|USDA|VA) 18 $5,690,000 $316,111 $5,439 2.87%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 25 $5,545,000 $221,800 $5,224 3.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 11 $4,675,000 $425,000 $6,027 2.84%
GREEN BAY, WI (FHA|USDA|VA) 23 $4,505,000 $195,870 $2,080 3.21%
TUCSON, AZ (FHA|USDA|VA) 19 $4,245,000 $223,421 $4,995 3.20%
GRAND JUNCTION, CO (FHA|USDA|VA) 14 $4,170,000 $297,857 $4,303 3.01%
Fort Morgan, CO (FHA|USDA|VA) 16 $3,650,000 $228,125 $5,912 3.30%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 9 $3,645,000 $405,000 $7,531 3.08%
STOCKTON, CA (FHA|USDA|VA) 10 $3,600,000 $360,000 $8,456 3.15%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 15 $3,585,000 $239,000 $5,040 2.92%
CHEYENNE, WY (FHA|USDA|VA) 11 $3,205,000 $291,364 $6,521 3.06%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 11 $3,155,000 $286,818 $7,961 3.12%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 10 $3,110,000 $311,000 $9,033 2.69%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $3,030,000 $505,000 $6,269 3.19%
Riverton, WY (FHA|USDA|VA) 17 $2,905,000 $170,882 $4,158 2.93%
EL CENTRO, CA (FHA|USDA|VA) 9 $2,685,000 $298,333 $6,920 2.46%
SALEM, OR (FHA|USDA|VA) 7 $2,585,000 $369,286 $5,868 3.18%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 9 $2,475,000 $275,000 $6,690 2.75%
Edwards, CO (FHA|USDA|VA) 5 $2,425,000 $485,000 $4,007 2.90%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 10 $2,370,000 $237,000 $5,393 2.74%
SHERMAN-DENISON, TX (FHA|USDA|VA) 12 $2,350,000 $195,833 $5,412 3.41%
ALBANY-LEBANON, OR (FHA|USDA|VA) 8 $2,300,000 $287,500 $6,373 3.17%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 9 $2,105,000 $233,889 $6,179 2.92%
JACKSONVILLE, FL (FHA|USDA|VA) 6 $2,030,000 $338,333 $5,796 3.27%
Moses Lake, WA (FHA|USDA|VA) 8 $2,010,000 $251,250 $4,296 2.84%
Breckenridge, CO (FHA|USDA|VA) 3 $1,935,000 $645,000 $3,530 2.92%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $1,905,000 $635,000 $5,898 2.87%
MEDFORD, OR (FHA|USDA|VA) 6 $1,870,000 $311,667 $8,371 3.27%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 8 $1,770,000 $221,250 $3,018 3.34%
RENO, NV (FHA|USDA|VA) 4 $1,720,000 $430,000 $4,115 3.44%
BELLINGHAM, WA (FHA|USDA|VA) 4 $1,710,000 $427,500 $4,973 3.06%
Manitowoc, WI (FHA|USDA|VA) 7 $1,375,000 $196,429 $3,665 2.87%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 8 $1,350,000 $168,750 $4,967 2.63%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,325,000 $265,000 $15,751 2.98%
MIDLAND, TX (FHA|USDA|VA) 5 $1,315,000 $263,000 $6,897 3.15%
Hermiston-Pendleton, OR (FHA|USDA|VA) 4 $1,300,000 $325,000 $8,628 3.30%
TYLER, TX (FHA|USDA|VA) 6 $1,240,000 $206,667 $5,209 2.96%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $1,225,000 $245,000 $4,529 3.25%
CORPUS CHRISTI, TX (FHA|USDA|VA) 7 $1,205,000 $172,143 $4,982 3.04%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,190,000 $595,000 $6,857 2.81%
REDDING, CA (FHA|USDA|VA) 2 $1,130,000 $565,000 $4,236 3.06%
Aberdeen, WA (FHA|USDA|VA) 4 $1,130,000 $282,500 $4,535 3.81%
LAS CRUCES, NM (FHA|USDA|VA) 7 $1,125,000 $160,714 $4,991 2.84%
YUMA, AZ (FHA|USDA|VA) 6 $1,110,000 $185,000 $6,478 2.68%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $1,070,000 $178,333 $4,098 3.44%
SALINAS, CA (FHA|USDA|VA) 3 $1,055,000 $351,667 $3,006 3.08%
RACINE, WI (FHA|USDA|VA) 3 $995,000 $331,667 $2,465 2.88%
Pahrump, NV (FHA|USDA|VA) 4 $990,000 $247,500 $5,760 3.03%
CLEVELAND, TN (FHA|USDA|VA) 7 $985,000 $140,714 $3,940 3.03%
SPARTANBURG, SC (FHA|USDA|VA) 5 $985,000 $197,000 $5,766 2.75%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 6 $980,000 $163,333 $6,832 3.08%
Carlsbad-Artesia, NM (FHA|USDA|VA) 4 $960,000 $240,000 $6,335 3.22%
YAKIMA, WA (FHA|USDA|VA) 4 $950,000 $237,500 $6,667 3.50%
Clewiston, FL (FHA|USDA|VA) 5 $945,000 $189,000 $5,255 2.80%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $915,000 $305,000 $4,506 3.29%
GRANTS PASS, OR (FHA|USDA|VA) 3 $915,000 $305,000 $8,098 3.17%
ODESSA, TX (FHA|USDA|VA) 5 $915,000 $183,000 $6,221 2.95%
Show Low, AZ (FHA|USDA|VA) 4 $900,000 $225,000 $5,956 2.94%
OCALA, FL (FHA|USDA|VA) 5 $895,000 $179,000 $5,359 2.88%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 4 $880,000 $220,000 $4,505 3.03%
MADISON, WI (FHA|USDA|VA) 3 $875,000 $291,667 $6,619 2.71%
COLUMBIA, SC (FHA|USDA|VA) 4 $860,000 $215,000 $7,978 2.81%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 4 $810,000 $202,500 $5,110 2.16%
Granbury, TX (FHA|USDA|VA) 3 $805,000 $268,333 $9,720 3.29%
SANTA FE, NM (FHA|USDA|VA) 4 $790,000 $197,500 $4,927 4.16%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $775,000 $258,333 $4,949 3.37%
PROVO-OREM, UT (FHA|USDA|VA) 2 $770,000 $385,000 $3,016 3.12%
Glenwood Springs, CO (FHA|USDA|VA) 2 $770,000 $385,000 $4,646 3.00%
FRESNO, CA (FHA|USDA|VA) 3 $745,000 $248,333 $3,951 2.92%
Athens, TX (FHA|USDA|VA) 3 $735,000 $245,000 $8,145 3.50%
LONGVIEW, TX (FHA|USDA|VA) 4 $720,000 $180,000 $6,246 3.22%
ABILENE, TX (FHA|USDA|VA) 3 $715,000 $238,333 $7,990 3.33%
LUBBOCK, TX (FHA|USDA|VA) 5 $705,000 $141,000 $4,816 3.00%
Sulphur Springs, TX (FHA|USDA|VA) 3 $705,000 $235,000 $6,787 4.21%
CORVALLIS, OR (FHA|USDA|VA) 2 $700,000 $350,000 $9,779 3.50%
VISALIA, CA (FHA|USDA|VA) 3 $695,000 $231,667 $5,707 3.04%
FARMINGTON, NM (FHA|USDA|VA) 2 $690,000 $345,000 $4,399 3.12%
NAPA, CA (FHA|USDA|VA) 1 $665,000 $665,000 $3,649 3.13%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $665,000 $665,000 $17,052 2.50%
Alamogordo, NM (FHA|USDA|VA) 3 $645,000 $215,000 $5,397 3.13%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $625,000 $125,000 $4,150 3.50%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $625,000 $208,333 $6,787 2.79%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $620,000 $310,000 $6,067 2.94%
WACO, TX (FHA|USDA|VA) 3 $605,000 $201,667 $6,984 3.42%
Coos Bay, OR (FHA|USDA|VA) 3 $605,000 $201,667 $7,524 2.21%
Steamboat Springs, CO (FHA|USDA|VA) 2 $580,000 $290,000 $7,023 3.00%
Warsaw, IN (FHA|USDA|VA) 4 $570,000 $142,500 $2,772 2.69%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $565,000 $188,333 $5,837 3.29%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $555,000 $185,000 $6,427 3.25%
Port Angeles, WA (FHA|USDA|VA) 2 $550,000 $275,000 $5,903 3.31%
Whitewater, WI (FHA|USDA|VA) 2 $550,000 $275,000 $2,996 2.75%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $540,000 $270,000 $1,721 2.56%
Mount Pleasant, TX (FHA|USDA|VA) 4 $530,000 $132,500 $4,688 2.09%
The Dalles, OR (FHA|USDA|VA) 2 $520,000 $260,000 $4,918 3.13%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $515,000 $171,667 $4,818 2.88%
LONGVIEW, WA (FHA|USDA|VA) 2 $510,000 $255,000 $8,888 3.44%
Hobbs, NM (FHA|USDA|VA) 3 $495,000 $165,000 $3,691 2.42%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $485,000 $485,000 $3,657 2.88%
Klamath Falls, OR (FHA|USDA|VA) 2 $470,000 $235,000 $5,579 3.56%
Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $470,000 $235,000 $5,910 3.50%
Seneca, SC (FHA|USDA|VA) 1 $465,000 $465,000 $10,573 2.75%
KNOXVILLE, TN (FHA|USDA|VA) 2 $460,000 $230,000 $4,326 3.13%
FOND DU LAC, WI (FHA|USDA|VA) 2 $440,000 $220,000 $2,127 3.13%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $440,000 $220,000 $4,105 3.43%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $430,000 $215,000 $2,001 2.93%
Prineville, OR (FHA|USDA|VA) 1 $425,000 $425,000 $7,260 3.00%
SAN ANGELO, TX (FHA|USDA|VA) 2 $410,000 $205,000 $6,425 3.25%
Sterling, CO (FHA|USDA|VA) 2 $410,000 $205,000 $5,401 3.13%
Los Alamos, NM (FHA|USDA|VA) 1 $405,000 $405,000 $9,701 3.38%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $400,000 $200,000 $3,630 2.81%
Roswell, NM (FHA|USDA|VA) 3 $395,000 $131,667 $1,943 2.33%
Huntsville, TX (FHA|USDA|VA) 2 $390,000 $195,000 $8,135 3.63%
AMARILLO, TX (FHA|USDA|VA) 2 $380,000 $190,000 $4,131 2.88%
Durango, CO (FHA|USDA|VA) 2 $380,000 $190,000 $3,544 2.87%
Ruidoso, NM (FHA|USDA|VA) 2 $380,000 $190,000 $8,004 3.81%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $365,000 $121,667 $4,676 3.33%
Brainerd, MN (FHA|USDA|VA) 1 $365,000 $365,000 $10,245 2.38%
Levelland, TX (FHA|USDA|VA) 2 $360,000 $180,000 $7,579 2.88%
Roseburg, OR (FHA|USDA|VA) 2 $360,000 $180,000 $2,931 4.69%
Sheridan, WY (FHA|USDA|VA) 1 $355,000 $355,000 $4,004 2.99%
VALLEJO, CA (FHA|USDA|VA) 1 $355,000 $355,000 $3,016 2.88%
Shelton, WA (FHA|USDA|VA) 1 $355,000 $355,000 $7,927 2.88%
Gainesville, TX (FHA|USDA|VA) 2 $350,000 $175,000 $6,629 4.06%
Fernley, NV (FHA|USDA|VA) 1 $345,000 $345,000 $8,551 3.75%
Ellensburg, WA (FHA|USDA|VA) 1 $345,000 $345,000 $4,150 3.13%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $325,000 $325,000 $10,206 3.13%
Brenham, TX (FHA|USDA|VA) 2 $320,000 $160,000 $7,909 2.13%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $315,000 $315,000 $2,508 2.88%
WALLA WALLA, WA (FHA|USDA|VA) 1 $305,000 $305,000 $10,306 3.00%
VICTORIA, TX (FHA|USDA|VA) 2 $300,000 $150,000 $6,528 3.44%
Cedar City, UT (FHA|USDA|VA) 1 $295,000 $295,000 $10,133 2.50%
Crossville, TN (FHA|USDA|VA) 1 $285,000 $285,000 $3,957 3.25%
Española, NM (FHA|USDA|VA) 1 $285,000 $285,000 $4,120 3.38%
Taos, NM (FHA|USDA|VA) 1 $275,000 $275,000 $8,110 2.88%
Craig, CO (FHA|USDA|VA) 1 $275,000 $275,000 $3,732 3.25%
Las Vegas, NM (FHA|USDA|VA) 2 $270,000 $135,000 $6,853 3.00%
Grants, NM (FHA|USDA|VA) 1 $265,000 $265,000 $8,000 3.50%
Brookings, OR (FHA|USDA|VA) 1 $265,000 $265,000 $4,592 3.50%
Lewisburg, TN (FHA|USDA|VA) 1 $265,000 $265,000 $9,273 3.00%
Stevens Point, WI (FHA|USDA|VA) 1 $265,000 $265,000 $1,728 2.75%
Nogales, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $4,499 2.75%
PANAMA CITY, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,528 3.63%
GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $245,000 $245,000 $7,026 2.50%
GRAND ISLAND, NE (FHA|USDA|VA) 1 $245,000 $245,000 $7,622 3.75%
CHICO, CA (FHA|USDA|VA) 1 $235,000 $235,000 $4,492 2.88%
La Grande, OR (FHA|USDA|VA) 1 $225,000 $225,000 $3,975 2.99%
Centralia, WA (FHA|USDA|VA) 1 $225,000 $225,000 $4,795 3.00%
MORRISTOWN, TN (FHA|USDA|VA) 1 $225,000 $225,000 $6,377 3.25%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $215,000 $215,000 $12,487 2.25%
Pullman, WA (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.25%
Lufkin, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,720 2.75%
GAINESVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,572 3.75%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $215,000 $215,000 $4,548 3.00%
Sevierville, TN (FHA|USDA|VA) 1 $205,000 $205,000 $5,883 3.50%
Kerrville, TX (FHA|USDA|VA) 1 $205,000 $205,000 $6,904 2.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $205,000 $205,000 $4,411 3.13%
ROANOKE, VA (FHA|USDA|VA) 1 $205,000 $205,000 $3,435 3.13%
JACKSON, TN (FHA|USDA|VA) 2 $200,000 $100,000 $5,189 1.94%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $200,000 $100,000 $3,160 1.94%
Opelousas, LA (FHA|USDA|VA) 1 $195,000 $195,000 $3,775 2.75%
Safford, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $8,703 2.75%
LINCOLN, NE (FHA|USDA|VA) 1 $195,000 $195,000 $2,805 3.38%
Gillette, WY (FHA|USDA|VA) 1 $195,000 $195,000 $3,413 3.63%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $195,000 $195,000 $9,430 3.88%
El Campo, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,386 3.25%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $190,000 $95,000 $3,263 5.31%
Carroll, IA (FHA|USDA|VA) 1 $185,000 $185,000 $1,664 2.99%
Silver City, NM (FHA|USDA|VA) 1 $185,000 $185,000 $5,981 3.38%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $185,000 $185,000 $4,069 2.25%
Columbus, NE (FHA|USDA|VA) 1 $185,000 $185,000 $5,422 2.88%
Tifton, GA (FHA|USDA|VA) 1 $185,000 $185,000 $8,051 3.63%
Evanston, WY (FHA|USDA|VA) 1 $175,000 $175,000 $10,180 4.13%
Palatka, FL (FHA|USDA|VA) 1 $175,000 $175,000 $5,608 3.38%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $175,000 $175,000 $9,873 3.63%
Bartlesville, OK (FHA|USDA|VA) 1 $175,000 $175,000 $3,405 3.25%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $170,000 $85,000 $4,232 2.13%
Seymour, IN (FHA|USDA|VA) 1 $165,000 $165,000 $5,731 2.88%
Bonham, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,569 3.38%
Bedford, IN (FHA|USDA|VA) 1 $165,000 $165,000 $4,532 3.13%
Paris, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,167 3.50%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $155,000 $155,000 $5,408 2.88%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $145,000 $145,000 $5,770 4.13%
Marinette, WI-MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,039 3.25%
McAlester, OK (FHA|USDA|VA) 1 $115,000 $115,000 $5,468 2.99%
EL PASO, TX (FHA|USDA|VA) 1 $95,000 $95,000 $6,119 3.38%
Nacogdoches, TX (FHA|USDA|VA) 1 $95,000 $95,000 $3,314 2.88%
Shawano, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.63%
TULSA, OK (FHA|USDA|VA) 1 $65,000 $65,000 $4,839 3.25%

Loan Simple 's top markets include Denver, Phoenix, Dallas, Las Vegas, and Greeley among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,116 $963,090,000 $309,079 $4,329 3.09%
FHA 569 $163,855,000 $287,970 $10,294 3.34%
VA 177 $65,425,000 $369,633 $9,079 2.73%
USDA 102 $25,100,000 $246,078 $6,990 2.88%

For the 2021 period, Loan Simple 's most frequently originated loan type of loans were Conventional, with 3,116 originations. Their 2nd most popular type is FHA, with 569 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,343 $729,685,000 $311,432 $6,296 3.15%
Refi 888 $263,790,000 $297,061 $4,014 2.91%
Cash Out Refi 733 $223,995,000 $305,587 $4,975 3.20%

For the 2021, Loan Simple 's most frequently cited loan purpose of loans were Home Purchase, with 2,343 originations. The 2nd most popular reason of loans were Refi, with 888 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,677 $1,151,785,000 $313,240 $5,724 3.13%
15 Year 170 $41,100,000 $241,765 $4,022 2.51%
20 Year 71 $18,445,000 $259,789 $3,934 2.96%
10 Year 31 $1,075,000 $34,677 $624 3.23%
Other 15 $5,065,000 $337,667 $2,748 2.87%

For the 2021, Loan Simple 's most frequently cited loan length of loans were 30 Year, with 3,677 originations. The 2nd most popular length of loans were 15 Year, with 170 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,622 $518,400,000 $319,605
$<1k 789 $220,545,000 $279,525
$2k-3k 512 $140,400,000 $274,219
$3k-4k 388 $119,620,000 $308,299
$5k+ 304 $120,060,000 $394,934

$5,724 of loans were Loan Simple 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,622 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,879 $587,485,000 $312,658
2.5-3% 1,554 $495,390,000 $318,784
<2.5% 368 $94,880,000 $257,826
4-5% 145 $39,305,000 $271,069
5-6% 18 $410,000 $22,778

During 2021, Loan Simple 's average interest rate of loans were 3.13%, while their most frequently originated rate bucket of loans were 3-4%, with 1,879 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,220 $646,180,000 $291,072 $5,672 3.14%
$400k-600k 816 $389,850,000 $477,757 $6,492 3.10%
$100k-200k 707 $113,425,000 $160,431 $4,485 3.16%
$100,000 or less 144 $5,760,000 $40,000 $1,403 2.31%
$600k-1MM 65 $47,295,000 $727,615 $9,822 3.16%
$1MM+ 12 $14,960,000 $1,246,667 $7,624 3.29%

2021 saw Loan Simple place emphasis on $200k-400k loans with 2,220 originations, totaling $646,180,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,126 $286,840,000 $254,742 $5,559 3.10%
$100k-150k 817 $294,505,000 $360,471 $5,859 3.10%
$75k-100k 796 $249,070,000 $312,902 $5,722 3.13%
$50k or less 582 $114,500,000 $196,735 $4,777 3.05%
$150k-250k 452 $181,530,000 $401,615 $5,751 3.13%
$250k+ 184 $89,150,000 $484,511 $5,944 3.15%

Loan Simple lent most frequently to those with incomes in the $50k-75k range, with 1,126 originations. The second most popular income band? $100k-150k, with 817 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 727 $222,015,000 $305,385 $4,682 3.02%
30-36% 676 $206,510,000 $305,488 $5,049 3.10%
<20% 232 $62,960,000 $271,379 $3,624 2.85%
44% 201 $65,355,000 $325,149 $5,991 3.20%
49% 177 $53,185,000 $300,480 $6,502 3.17%
43% 174 $52,370,000 $300,977 $4,985 3.17%
42% 171 $53,945,000 $315,468 $6,129 3.23%
50-60% 160 $45,520,000 $284,500 $9,666 3.23%
40% 156 $51,380,000 $329,359 $5,515 3.11%
39% 156 $48,530,000 $311,090 $5,984 3.22%
41% 154 $47,040,000 $305,455 $5,598 3.18%
37% 152 $48,230,000 $317,303 $5,653 3.14%
36% 150 $45,110,000 $300,733 $5,749 3.02%
45% 139 $42,715,000 $307,302 $6,153 3.13%
38% 135 $43,795,000 $324,407 $5,843 3.17%
46% 134 $41,620,000 $310,597 $6,351 3.18%
47% 121 $38,255,000 $316,157 $6,254 3.18%
48% 112 $36,780,000 $328,393 $6,125 3.18%
>60% 32 $11,060,000 $345,625 $5,102 2.57%

Loan Simple lent most frequently to those with DTI ratios of 20-30%, with 727 originations. The next most common DTI ratio? 30-36%, with 676 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,950 $897,630,000 $304,281 $5,409 3.10%
Not provided 573 $186,515,000 $325,506 $5,876 3.08%
Asian 207 $68,195,000 $329,444 $4,988 3.14%
Black 159 $44,295,000 $278,585 $7,613 3.21%
American Indian 53 $13,775,000 $259,906 $6,035 3.21%
Native Hawaiian 5 $1,985,000 $397,000 $5,454 2.92%
Asian Indian 6 $1,900,000 $316,667 $6,335 3.17%
Other Asian 5 $1,485,000 $297,000 $3,684 3.17%
Filipino 3 $865,000 $288,333 $7,866 3.42%
Korean 1 $435,000 $435,000 $5,726 2.99%
Other Pacific Islander 1 $285,000 $285,000 $5,327 3.50%
Chinese 1 $105,000 $105,000 $0 3.88%

Approval Rates

Total approvals of all applications
97.31%

Loan Simple 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
70.50%

Loan Simple has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,964 $1,217,470,000 $307,132

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,964 $1,217,470,000 $307,132

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 150 $30,330,000 $202,200 $3,849 2.90%
40-60% 497 $146,455,000 $294,678 $3,876 2.97%
60-80% 1,245 $405,975,000 $326,084 $4,703 3.17%
80-100% 1,926 $612,180,000 $317,850 $6,559 3.19%
Over 100% 51 $19,975,000 $391,667 $14,289 2.88%
Under 20% 95 $2,555,000 $26,895 $606 1.77%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
LOAN SIMPLE INC. FHA mortgage Closing on a mortgage 2 100.0%