Loanleaders Of America Mortgage Rates, Fees & Info
IRVINE, CALEI: 549300I43FC7P0IJMR13
Tax ID: 33-0842784
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Mortgage Data
Review & Overview
Loanleaders Of America is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. They have a a high proportion of FHA loans. Loanleaders Of America has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Riverside, New York, Miami, and Philadelphia among others. We have data for 64 markets. (Some data included below & more in-depth data is available with an active subscription.)Loanleaders Of America 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. Loanleaders Of America 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 relatively high 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 | 7.17% | 11/17/24 |
| 30 Year Conventional Refi | 6.63% | 11/17/24 |
| 30 Year Cash-out Refi | 7.01% | 11/17/24 |
| 30 Year FHA Purchase | 7.38% | 11/17/24 |
| 30 Year FHA Refi | 6.98% | 11/17/24 |
| 30 Year VA Purchase | 6.15% | 11/17/24 |
| 15 Year Conventional Purchase | 6.70% | 11/17/24 |
| 15 Year Conventional Refi | 6.03% | 11/17/24 |
| 15 Year Cash-out Refi | 6.03% | 11/17/24 |
| 15 Year FHA Refi | 7.12% | 11/17/24 |
| 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. | ||
Loanleaders Of America Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
169Origination Dollar Volume (All Markets)
$50,655,000Awards
LOANLEADERS OF AMERICA - 2023
LOANLEADERS OF AMERICA is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Loanleaders Of America's average 30 year fixed mortgage rate was
6.35%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.13%.
Relative Fees (Closing Costs)
Loanleaders Of America's average total fees/closing costs for a 30 year fixed rate
mortgage were $16,122.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 17 | $5,205,000 | $306,176 | $16,647 | 6.23% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $4,845,000 | $440,455 | $16,122 | 6.35% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $2,415,000 | $345,000 | $21,116 | 6.05% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $2,370,000 | $395,000 | $22,010 | 6.46% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $2,160,000 | $270,000 | $17,474 | 6.72% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $1,980,000 | $495,000 | $25,841 | 6.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,525,000 | $305,000 | $15,011 | 6.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $1,350,000 | $225,000 | $9,533 | 7.04% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $20,954 | 5.63% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $12,749 | 7.85% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $1,150,000 | $191,667 | $12,231 | 5.77% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $15,594 | 5.83% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $26,147 | 6.81% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $14,794 | 6.43% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $17,904 | 6.41% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $33,088 | 5.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $13,593 | 7.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $15,991 | 5.81% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $16,906 | 7.04% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $19,094 | 6.50% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $20,329 | 5.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $14,688 | 5.99% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $17,507 | 7.81% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $12,563 | 9.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $14,628 | 5.42% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $15,462 | 6.69% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $16,025 | 6.13% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $16,169 | 5.63% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $14,568 | 6.69% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $14,409 | 6.19% |
| Outside of Metro Areas | 3 | $455,000 | $151,667 | $10,772 | 6.21% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $31,063 | 5.75% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $15,273 | 5.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,041 | 6.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $10,813 | 6.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $12,904 | 7.69% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,444 | 6.88% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $17,335 | 6.63% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $24,632 | 5.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $15,713 | 5.88% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $8,942 | 6.56% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $22,777 | 6.63% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $11,064 | 5.44% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $12,508 | 5.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $8,399 | 8.56% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $22,920 | 5.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,798 | 5.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $15,528 | 6.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $15,827 | 6.49% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $16,133 | 5.50% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $15,885 | 5.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $14,816 | 5.63% |
| READING, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $15,940 | 5.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $12,308 | 6.13% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $14,781 | 5.25% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,977 | 7.38% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $12,507 | 6.63% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $14,881 | 5.25% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,021 | 6.13% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,314 | 5.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $13,397 | 6.88% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $12,773 | 6.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $14,442 | 6.63% |
| Susanville, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,899 | 5.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against LOANLEADERS OF AMERICA 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 |
|---|---|---|---|---|---|
| FHA | 108 | $31,480,000 | $291,481 | $18,081 | 5.98% |
| Conventional | 58 | $17,850,000 | $307,759 | $12,606 | 7.07% |
| VA | 3 | $1,325,000 | $441,667 | $13,297 | 5.75% |
For 2023, Loanleaders Of America's most frequently originated type of loan was FHA, with 108 originations. Their 2nd most popular type was Conventional, with 58 originations.
Loan Reason
For 2023, Loanleaders Of America's most frequently cited loan purpose was Cash Out Refi, with 111 originations. The 2nd most popular reason was Home Purchase, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 168 | $50,480,000 | $300,476 | $16,122 | 6.35% |
| 15 Year | 1 | $175,000 | $175,000 | $13,350 | 5.25% |
For 2023, Loanleaders Of America's most frequently cited loan duration was 30 Year, with 168 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
Loanleaders Of America's average total fees were $16,122, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 148 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 80 | $24,430,000 | $305,375 |
| 6-7% | 59 | $17,175,000 | $291,102 |
| 7-8% | 18 | $5,300,000 | $294,444 |
| Over 8% | 9 | $2,775,000 | $308,333 |
| 4-5% | 3 | $975,000 | $325,000 |
During 2023, Loanleaders Of America's average interest rate for loans was 6.35%, while their most frequently originated rate bucket for loans was 5-6%, with 80 originations.
Loan Sizing
2023 saw Loanleaders Of America place emphasis on $200k-400k loans with 102 originations, totaling $29,190,000 in origination value.
Applicant Income
Loanleaders Of America lent most frequently to those with incomes in the $100k-150k range, with 46 originations. The second most popular income band? $75k-100k, with 42 originations.
Applicant Debt to Income Ratio
Loanleaders Of America lent most frequently to those with DTI ratios of 50-60%, with 39 originations. The next most common DTI ratio? 30-36%, with 20 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.42%
Loanleaders Of America has an average approval rate.
Pick Rate
Approvals leading to origination72.19%
Loanleaders Of America has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 169 | $50,655,000 | $299,734 |