Loan Simple Mortgage Rates, Fees & Info
Colorado Springs, COLEI: 549300748YYU6VG08N83
Tax ID: 84-1412422
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Mortgage Data
Review & 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 by origination volume include: Denver, Phoenix, Dallas, Las Vegas, and Greeley among others. We have data for 219 markets. (Some data included below & more in-depth data is available with an active subscription.)Loan Simple 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. Loan Simple 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.
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 | 6.84% | 4/30/24 |
| 30 Year Conventional Refi | 6.62% | 4/30/24 |
| 30 Year Cash-out Refi | 6.89% | 4/30/24 |
| 30 Year FHA Purchase | 7.67% | 4/30/24 |
| 30 Year FHA Refi | 6.84% | 4/30/24 |
| 30 Year VA Purchase | 6.53% | 4/30/24 |
| 30 Year VA Refi | 6.27% | 4/30/24 |
| 30 Year USDA Purchase | 6.69% | 4/30/24 |
| 30 Year USDA Refi | 6.27% | 4/30/24 |
| 15 Year Conventional Purchase | 6.28% | 4/30/24 |
| 15 Year Conventional Refi | 6.01% | 4/30/24 |
| 15 Year Cash-out Refi | 6.01% | 4/30/24 |
| 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. | ||
Loan Simple Mortgage Calculator
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This is not an official calculator from Loan Simple. 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
3,964Origination Dollar Volume (All Markets)
$1,217,470,000Awards
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Loan Simple - 2021
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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 |
|---|---|---|---|---|---|
| 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, KY (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% |
Similar Lenders
We use machine learning to identify the top lenders compared against Loan Simple 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 2021, Loan Simple's most frequently originated type of loan was Conventional, with 3,116 originations. Their 2nd most popular type was FHA, with 569 originations.
Loan Reason
For 2021, Loan Simple's most frequently cited loan purpose was Home Purchase, with 2,343 originations. The 2nd most popular reason was Refi, with 888 originations.
Loan Duration/Length
For 2021, Loan Simple's most frequently cited loan duration was 30 Year, with 3,677 originations. The 2nd most popular length was 15 Year, with 170 originations.
Origination Fees/Closing Costs
Loan Simple's average total fees were $5,724, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,622 originations.
Interest Rates
During 2021, Loan Simple's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 3-4%, with 1,879 originations.
Loan Sizing
2021 saw Loan Simple place emphasis on $200k-400k loans with 2,220 originations, totaling $646,180,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.25%
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 origination60.34%
Loan Simple 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 | 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
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| LOAN SIMPLE INC. | FHA mortgage | Closing on a mortgage | 2 | 100.0% |