Loanleaders Of America Mortgage Rates, Fees & Info

IRVINE, CA

LEI: 549300I43FC7P0IJMR13

Tax ID: 33-0842784

1 stars - Updated: 6/17/24 - out of 5 stars, based on 13 reviews

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

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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.

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 7.17% 6/17/24
30 Year Conventional Refi 6.63% 6/17/24
30 Year Cash-out Refi 7.01% 6/17/24
30 Year FHA Purchase 7.38% 6/17/24
30 Year FHA Refi 6.98% 6/17/24
30 Year VA Purchase 6.15% 6/17/24
15 Year Conventional Purchase 6.70% 6/17/24
15 Year Conventional Refi 6.03% 6/17/24
15 Year Cash-out Refi 6.03% 6/17/24
15 Year FHA Refi 7.12% 6/17/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Loanleaders Of America. 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

169

Origination Dollar Volume (All Markets)

$50,655,000

Awards

LOANLEADERS OF AMERICA FHA Loans bronze LOANLEADERS OF AMERICA FHA Loans gold
Show all (2) awards

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%
Loanleaders Of America's top markets include Atlanta, Riverside, New York, Miami, and Philadelphia among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 111 $31,855,000 $286,982 $17,235 6.21%
    Home Purchase 34 $12,030,000 $353,824 $13,373 6.86%
    Home Improvement 21 $5,525,000 $263,095 $14,440 6.33%
    Refi 3 $1,245,000 $415,000 $17,281 5.54%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 148 $44,380,000 $299,865
    $4k-5k 6 $1,330,000 $221,667
    $3k-4k 4 $890,000 $222,500
    $1k-2k 3 $1,615,000 $538,333
    $2k-3k 2 $510,000 $255,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 102 $29,190,000 $286,176 $16,040 6.34%
    $100k-200k 35 $5,805,000 $165,857 $11,410 6.12%
    $400k-600k 23 $10,845,000 $471,522 $21,486 6.52%
    $600k-1MM 7 $4,655,000 $665,000 $25,685 6.16%
    $100,000 or less 2 $160,000 $80,000 $6,135 9.51%

    2023 saw Loanleaders Of America place emphasis on $200k-400k loans with 102 originations, totaling $29,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 46 $16,730,000 $363,696 $18,092 6.49%
    $75k-100k 42 $11,890,000 $283,095 $16,050 6.12%
    $50k-75k 37 $8,385,000 $226,622 $13,827 6.18%
    $50k or less 22 $4,590,000 $208,636 $13,181 6.08%
    $150k-250k 16 $6,760,000 $422,500 $19,378 7.15%
    $250k+ 6 $2,300,000 $383,333 $17,288 6.71%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 39 $12,955,000 $332,179 $19,646 5.87%
    30-36% 20 $5,300,000 $265,000 $13,484 6.44%
    49% 17 $5,295,000 $311,471 $16,986 6.30%
    20-30% 12 $2,660,000 $221,667 $12,542 6.75%
    43% 11 $2,545,000 $231,364 $12,003 6.57%
    45% 11 $3,195,000 $290,455 $14,362 6.25%
    40% 7 $2,775,000 $396,429 $16,815 6.39%
    44% 7 $1,695,000 $242,143 $14,000 6.11%
    47% 6 $1,710,000 $285,000 $16,490 7.21%
    38% 5 $1,245,000 $249,000 $14,122 6.95%
    41% 5 $1,765,000 $353,000 $19,266 6.17%
    42% 5 $1,005,000 $201,000 $12,050 6.37%
    48% 5 $1,675,000 $335,000 $18,699 6.70%
    39% 5 $1,585,000 $317,000 $16,797 7.57%
    36% 4 $1,720,000 $430,000 $17,038 5.81%
    37% 4 $1,250,000 $312,500 $18,182 5.84%
    46% 4 $1,270,000 $317,500 $14,023 5.78%
    >60% 1 $715,000 $715,000 $26,147 8.25%
    <20% 1 $295,000 $295,000 $15,038 8.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 99 $29,055,000 $293,485 $15,671 6.37%
    Black 46 $13,100,000 $284,783 $16,965 6.21%
    Not provided 15 $4,925,000 $328,333 $16,431 6.16%
    Asian 6 $2,310,000 $385,000 $13,718 7.60%
    American Indian 2 $890,000 $445,000 $18,702 6.38%
    Native Hawaiian or Islander 1 $375,000 $375,000 $24,625 5.75%

    Approval Rates

    Total approvals of all applications
    93.42%

    Loanleaders Of America has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.19%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    169 $50,655,000 $299,734

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,745,000 $249,286 $11,626 6.84%
    40-60% 26 $6,650,000 $255,769 $13,211 6.68%
    60-80% 86 $24,920,000 $289,767 $16,276 6.17%
    80-100% 48 $16,790,000 $349,792 $18,155 6.29%
    Over 100% 1 $465,000 $465,000 $20,374 6.25%
    Under 20% 1 $85,000 $85,000 $5,477 12.15%