Loansnap Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 5493007LCGK7U7USNX41

Tax ID: 33-0834150

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Loansnap is a smaller mortgage company specializing in Refi loans. Loansnap has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Denver, Phoenix, and Riverside among others. We have data for 141 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Loansnap 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. Loansnap is typically a low 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.


    Originations

    1,269

    Origination Dollar Volume (All Markets)

    $498,855,000
    Show all (36) 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) 139 $65,095,000 $468,309 $1,384 2.77%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 69 $34,305,000 $497,174 $1,667 2.75%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 89 $34,135,000 $383,539 $1,460 2.77%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 94 $33,330,000 $354,574 $1,393 2.86%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 75 $28,705,000 $382,733 $1,605 2.85%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 55 $25,115,000 $456,636 $1,779 2.77%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 58 $19,880,000 $342,759 $1,871 2.84%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 42 $17,760,000 $422,857 $1,564 2.76%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 47 $17,685,000 $376,277 $1,495 2.75%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 39 $17,195,000 $440,897 $1,203 2.74%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 22 $12,840,000 $583,636 $1,340 2.65%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 25 $9,755,000 $390,200 $1,515 2.80%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 24 $8,690,000 $362,083 $1,438 2.83%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 24 $8,480,000 $353,333 $3,022 2.79%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 24 $8,200,000 $341,667 $2,215 2.85%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 22 $7,260,000 $330,000 $3,366 2.72%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 16 $6,790,000 $424,375 $1,372 2.81%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 18 $6,410,000 $356,111 $2,907 2.93%
    STOCKTON, CA (FHA|USDA|VA) 14 $5,790,000 $413,571 $1,181 2.71%
    VALLEJO, CA (FHA|USDA|VA) 12 $4,660,000 $388,333 $1,939 2.78%
    Outside of Metro Areas 13 $4,275,000 $328,846 $1,805 2.72%
    MODESTO, CA (FHA|USDA|VA) 11 $4,035,000 $366,818 $2,453 2.76%
    JACKSONVILLE, FL (FHA|USDA|VA) 11 $3,775,000 $343,182 $2,344 2.91%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 10 $3,710,000 $371,000 $2,439 2.79%
    FRESNO, CA (FHA|USDA|VA) 10 $3,450,000 $345,000 $1,864 2.70%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 8 $3,430,000 $428,750 $3,504 2.64%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 11 $3,375,000 $306,818 $1,813 2.76%
    COLUMBUS, OH (FHA|USDA|VA) 9 $3,365,000 $373,889 $1,464 2.75%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 7 $3,255,000 $465,000 $1,680 2.73%
    BOULDER, CO (FHA|USDA|VA) 8 $3,160,000 $395,000 $1,006 2.84%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 6 $2,810,000 $468,333 $2,062 2.81%
    GREELEY, CO (FHA|USDA|VA) 8 $2,700,000 $337,500 $1,944 2.89%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 6 $2,590,000 $431,667 $740 2.69%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 6 $2,520,000 $420,000 $1,893 2.79%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $2,435,000 $347,857 $2,515 2.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 7 $2,275,000 $325,000 $2,913 3.02%
    BAKERSFIELD, CA (FHA|USDA|VA) 7 $2,265,000 $323,571 $1,225 2.86%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 6 $2,230,000 $371,667 $1,454 2.73%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $2,145,000 $306,429 $1,658 2.89%
    TUCSON, AZ (FHA|USDA|VA) 7 $2,095,000 $299,286 $1,245 2.68%
    FORT COLLINS, CO (FHA|USDA|VA) 6 $2,060,000 $343,333 $1,391 2.73%
    PITTSBURGH, PA (FHA|USDA|VA) 5 $1,975,000 $395,000 $1,976 2.47%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,885,000 $377,000 $2,440 2.88%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 4 $1,820,000 $455,000 $1,572 2.59%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,665,000 $333,000 $2,889 2.82%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $1,655,000 $331,000 $1,886 2.60%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $1,620,000 $270,000 $1,906 2.92%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 4 $1,560,000 $390,000 $1,146 2.53%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $1,530,000 $382,500 $1,172 2.53%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,470,000 $367,500 $1,410 2.75%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $1,395,000 $279,000 $1,911 2.80%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $1,320,000 $330,000 $1,494 2.66%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,295,000 $431,667 $2,325 2.88%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $1,280,000 $320,000 $1,861 2.78%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $1,180,000 $295,000 $2,770 3.03%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $1,065,000 $355,000 $1,285 3.00%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 3 $1,025,000 $341,667 $1,233 2.63%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $1,015,000 $338,333 $1,807 2.96%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $1,015,000 $338,333 $2,916 2.91%
    AKRON, OH (FHA|USDA|VA) 3 $1,005,000 $335,000 $1,264 2.88%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $995,000 $331,667 $1,914 2.88%
    BEND, OR (FHA|USDA|VA) 3 $975,000 $325,000 $3,546 2.63%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $935,000 $311,667 $2,486 3.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $915,000 $305,000 $2,093 2.92%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $860,000 $430,000 $702 2.69%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $850,000 $425,000 $2,937 3.00%
    Edwards, CO (FHA|USDA|VA) 2 $790,000 $395,000 $2,477 3.19%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $750,000 $375,000 $3,317 2.56%
    GAINESVILLE, GA (FHA|USDA|VA) 2 $740,000 $370,000 $523 2.38%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $735,000 $245,000 $509 2.92%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $730,000 $365,000 $1,873 3.38%
    Durango, CO (FHA|USDA|VA) 2 $720,000 $360,000 $0 2.88%
    TOLEDO, OH (FHA|USDA|VA) 2 $710,000 $355,000 $4,128 2.69%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $700,000 $350,000 $2,891 2.81%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $680,000 $340,000 $2,065 2.88%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $670,000 $335,000 $1,040 2.50%
    ANN ARBOR, MI (FHA|USDA|VA) 2 $670,000 $335,000 $2,785 2.75%
    NAPA, CA (FHA|USDA|VA) 1 $665,000 $665,000 $3,071 3.00%
    COLUMBUS, GA-AL (FHA|USDA|VA) 2 $640,000 $320,000 $1,407 2.75%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $630,000 $315,000 $1,107 2.81%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $610,000 $305,000 $2,830 2.69%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $590,000 $295,000 $2,071 2.81%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $580,000 $290,000 $1,521 3.06%
    Nogales, AZ (FHA|USDA|VA) 2 $570,000 $285,000 $2,878 2.75%
    GRAND JUNCTION, CO (FHA|USDA|VA) 2 $560,000 $280,000 $1,129 2.88%
    MADERA, CA (FHA|USDA|VA) 2 $540,000 $270,000 $2,508 2.75%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $525,000 $525,000 $1,379 2.88%
    LONGVIEW, WA (FHA|USDA|VA) 1 $515,000 $515,000 $763 2.38%
    Seneca, SC (FHA|USDA|VA) 1 $515,000 $515,000 $549 2.75%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $505,000 $505,000 $547 2.75%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $495,000 $495,000 $5,550 2.63%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $495,000 $495,000 $1,555 2.75%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $495,000 $495,000 $1,586 2.75%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $485,000 $485,000 $3,227 2.50%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $475,000 $475,000 $2,634 2.88%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $470,000 $235,000 $1,887 2.69%
    NILES, MI (FHA|USDA|VA) 1 $465,000 $465,000 $841 2.75%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $435,000 $435,000 $0 3.13%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $430,000 $215,000 $2,244 3.06%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $425,000 $425,000 $267 2.63%
    SALINAS, CA (FHA|USDA|VA) 1 $425,000 $425,000 $3,213 2.75%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $425,000 $425,000 $2,076 2.25%
    TOPEKA, KS (FHA|USDA|VA) 1 $425,000 $425,000 $403 3.38%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $405,000 $405,000 $2,033 3.25%
    Big Rapids, MI (FHA|USDA|VA) 1 $405,000 $405,000 $501 2.88%
    WENATCHEE, WA (FHA|USDA|VA) 1 $385,000 $385,000 $2,082 2.99%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $365,000 $365,000 $2,401 2.88%
    Montrose, CO (FHA|USDA|VA) 1 $355,000 $355,000 $2,035 3.00%
    VISALIA, CA (FHA|USDA|VA) 1 $355,000 $355,000 $517 3.13%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $345,000 $345,000 $1,191 2.25%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $345,000 $345,000 $3,801 2.13%
    Dayton, TN (FHA|USDA|VA) 1 $335,000 $335,000 $0 2.25%
    YUBA CITY, CA (FHA|USDA|VA) 1 $335,000 $335,000 $2,040 2.75%
    Torrington, CT (FHA|USDA|VA) 1 $335,000 $335,000 $291 2.63%
    RACINE, WI (FHA|USDA|VA) 1 $325,000 $325,000 $0 2.75%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $325,000 $325,000 $1,862 2.88%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $325,000 $325,000 $1,690 2.75%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $315,000 $315,000 $3,029 2.88%
    LANCASTER, PA (FHA|USDA|VA) 1 $315,000 $315,000 $5,789 2.75%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $315,000 $315,000 $1,739 2.99%
    REDDING, CA (FHA|USDA|VA) 1 $315,000 $315,000 $0 2.88%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $305,000 $305,000 $25 3.25%
    MERCED, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,852 2.75%
    Lewisburg, TN (FHA|USDA|VA) 1 $305,000 $305,000 $2,001 2.50%
    CORVALLIS, OR (FHA|USDA|VA) 1 $295,000 $295,000 $2,320 2.88%
    JACKSON, MI (FHA|USDA|VA) 1 $275,000 $275,000 $3,026 2.88%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $275,000 $275,000 $2,232 3.00%
    Whitewater, WI (FHA|USDA|VA) 1 $275,000 $275,000 $2,050 2.88%
    Scottsbluff, NE (FHA|USDA|VA) 1 $265,000 $265,000 $2,200 2.25%
    SAVANNAH, GA (FHA|USDA|VA) 1 $255,000 $255,000 $1,707 2.88%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $255,000 $255,000 $3,449 2.75%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $255,000 $255,000 $1,825 2.38%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $255,000 $255,000 $834 3.13%
    Shelton, WA (FHA|USDA|VA) 1 $245,000 $245,000 $2,002 2.75%
    DALTON, GA (FHA|USDA|VA) 1 $245,000 $245,000 $2,480 2.75%
    LEBANON, PA (FHA|USDA|VA) 1 $245,000 $245,000 $67 2.88%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $235,000 $235,000 $1,560 2.88%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $235,000 $235,000 $1,815 3.38%
    Bellefontaine, OH (FHA|USDA|VA) 1 $205,000 $205,000 $1,924 3.75%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $205,000 $205,000 $1,663 3.13%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $95,000 $95,000 $1,954 3.13%
    Loansnap's top markets include Los Angeles, San Francisco, Denver, Phoenix, and Riverside among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against LOANSNAP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    People's Community Federal Credit Union
    Similarity Rank: 86
    N C P D Federal Credit Union
    Similarity Rank: 102
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    Emory Alliance Credit Union
    Similarity Rank: 305
    KELLEY MORTGAGE, LLC
    Similarity Rank: 336
    Schuyler Savings Bank
    Similarity Rank: 352
    Christian Community Credit Union
    Similarity Rank: 354
    First Credit Union
    Similarity Rank: 378
    Louviers Federal Credit Union
    Similarity Rank: 410
    BHCU
    Similarity Rank: 504

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,268 $498,750,000 $393,336 $1,721 2.79%
    HELOC 1 $105,000 $105,000 n/a 1.85%

    For 2021, Loansnap's most frequently originated type of loan was Conventional, with 1,268 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,256 $494,120,000 $393,408 $1,721 2.79%
    Home Purchase 8 $3,240,000 $405,000 $1,954 2.73%
    Home Improvement 5 $1,495,000 $299,000 $1,411 2.70%

    For 2021, Loansnap's most frequently cited loan purpose was Refi, with 1,256 originations. The 2nd most popular reason was Home Purchase, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,053 $419,765,000 $398,637 $1,696 2.86%
    15 Year 126 $45,710,000 $362,778 $1,802 2.26%
    20 Year 64 $23,190,000 $362,344 $1,895 2.68%
    Other 26 $10,190,000 $391,923 $1,900 2.80%

    For 2021, Loansnap's most frequently cited loan duration was 30 Year, with 1,053 originations. The 2nd most popular length was 15 Year, with 126 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,008 $405,450,000 $402,232
    $1k-2k 132 $44,180,000 $334,697
    $2k-3k 67 $25,835,000 $385,597
    $3k-4k 27 $9,805,000 $363,148
    $5k+ 23 $9,005,000 $391,522
    $4k-5k 9 $3,595,000 $399,444

    Loansnap's average total fees were $1,696, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,008 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 869 $347,585,000 $399,983
    <2.5% 199 $77,915,000 $391,533
    3-4% 199 $72,935,000 $366,508
    4-5% 2 $420,000 $210,000

    During 2021, Loansnap's average interest rate for loans was 2.86%, while their most frequently originated rate bucket for loans was 2.5-3%, with 869 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 710 $222,150,000 $312,887 $1,934 2.81%
    $400k-600k 467 $223,025,000 $477,570 $1,373 2.73%
    $600k-1MM 70 $49,350,000 $705,000 $1,748 2.92%
    $100k-200k 19 $3,195,000 $168,158 $2,297 2.99%
    $100,000 or less 2 $130,000 $65,000 $1,772 2.56%
    $1MM+ 1 $1,005,000 $1,005,000 $1,273 3.38%

    2021 saw Loansnap place emphasis on $200k-400k loans with 710 originations, totaling $222,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 413 $165,425,000 $400,545 $1,741 2.77%
    $150k-250k 339 $152,075,000 $448,599 $1,614 2.73%
    $75k-100k 260 $89,050,000 $342,500 $1,788 2.83%
    $50k-75k 162 $49,380,000 $304,815 $1,916 2.88%
    $250k+ 79 $39,145,000 $495,506 $1,439 2.77%
    $50k or less 16 $3,780,000 $236,250 $1,811 2.98%

    Loansnap lent most frequently to those with incomes in the $100k-150k range, with 413 originations. The second most popular income band? $150k-250k, with 339 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 372 $147,760,000 $397,204 $1,718 2.77%
    30-36% 260 $99,840,000 $384,000 $1,722 2.80%
    <20% 139 $52,715,000 $379,245 $1,616 2.72%
    44% 61 $25,345,000 $415,492 $1,678 2.79%
    37% 57 $20,175,000 $353,947 $1,995 2.80%
    36% 52 $20,120,000 $386,923 $1,721 2.83%
    39% 47 $20,075,000 $427,128 $1,446 2.81%
    40% 44 $17,170,000 $390,227 $2,216 2.89%
    38% 43 $18,665,000 $434,070 $1,495 2.80%
    42% 40 $15,460,000 $386,500 $2,014 2.88%
    43% 36 $14,620,000 $406,111 $1,865 2.75%
    41% 35 $14,175,000 $405,000 $1,978 2.83%
    48% 18 $6,450,000 $358,333 $1,533 2.94%
    45% 18 $7,200,000 $400,000 $1,311 2.81%
    46% 17 $7,095,000 $417,353 $1,460 2.84%
    47% 15 $6,365,000 $424,333 $1,628 2.72%
    49% 12 $4,490,000 $374,167 $1,183 2.91%
    50-60% 3 $1,135,000 $378,333 $2,168 2.37%

    Loansnap lent most frequently to those with DTI ratios of 20-30%, with 372 originations. The next most common DTI ratio? 30-36%, with 260 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 801 $307,455,000 $383,839 $1,720 2.80%
    Not provided 285 $114,645,000 $402,263 $1,861 2.78%
    Asian 130 $57,320,000 $440,923 $1,336 2.72%
    Black 35 $12,925,000 $369,286 $1,818 2.90%
    Native Hawaiian or Islander 9 $3,675,000 $408,333 $2,192 2.71%
    American Indian 9 $2,835,000 $315,000 $2,091 2.99%

    Approval Rates

    Total approvals of all applications
    94.70%

    Loansnap has an average approval rate.

    Pick Rate

    Approvals leading to origination
    59.18%

    Loansnap 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 1,269 $498,855,000 $393,109

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,269 $498,855,000 $393,109

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 72 $25,920,000 $360,000 $1,528 2.65%
    40-60% 410 $159,920,000 $390,049 $1,577 2.72%
    60-80% 738 $295,050,000 $399,797 $1,823 2.84%
    80-100% 42 $16,130,000 $384,048 $1,620 2.88%
    Under 20% 7 $1,835,000 $262,143 $2,129 2.42%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    LoanSnap, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 50.0%
    LoanSnap, Inc. Conventional home mortgage Closing on a mortgage 2 50.0%