Lenox Financial Mortgage Corporation Rates, Fees & Info
SANTA ANA, CALEI: 549300LROQOOQU77WS20
Tax ID: 95-4762204
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Mortgage Data
Review & Overview
Lenox Financial Mortgage Corporation is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Lenox Financial Mortgage Corporation has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, New York, Oxnard, Phoenix, and Dallas among others. We have data for 141 markets. (Some data included below & more in-depth data is available with an active subscription.)Lenox Financial Mortgage Corporation 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. Lenox Financial Mortgage Corporation 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 | 6.77% | 4/18/24 |
| 30 Year Conventional Refi | 6.54% | 4/18/24 |
| 30 Year Cash-out Refi | 6.75% | 4/18/24 |
| 30 Year FHA Purchase | 7.33% | 4/18/24 |
| 30 Year FHA Refi | 7.13% | 4/18/24 |
| 30 Year VA Purchase | 6.39% | 4/18/24 |
| 30 Year VA Refi | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 6.61% | 4/18/24 |
| 15 Year Conventional Refi | 6.08% | 4/18/24 |
| 15 Year Cash-out Refi | 6.08% | 4/18/24 |
| 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. | ||
Lenox Financial Mortgage Corporation Mortgage Calculator
Your Estimates
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This is not an official calculator from Lenox Financial Mortgage Corporation. 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
377Origination Dollar Volume (All Markets)
$146,105,000Awards
LENOX FINANCIAL MORTGAGE CORPORATION - 2023
LENOX FINANCIAL MORTGAGE CORPORATION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Lenox Financial Mortgage Corporation's average 30 year fixed mortgage rate was
6.72%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.24%.
Relative Fees (Closing Costs)
Lenox Financial Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,037.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 20 | $15,430,000 | $771,500 | $13,186 | 7.35% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 15 | $6,915,000 | $461,000 | $12,889 | 6.63% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 14 | $6,700,000 | $478,571 | $7,230 | 6.54% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 19 | $6,055,000 | $318,684 | $8,606 | 6.57% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $5,735,000 | $637,222 | $10,820 | 6.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 14 | $5,410,000 | $386,429 | $7,377 | 6.26% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 13 | $5,375,000 | $413,462 | $9,321 | 6.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 12 | $4,750,000 | $395,833 | $11,196 | 6.98% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $3,520,000 | $586,667 | $7,965 | 6.06% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 11 | $3,085,000 | $280,455 | $7,724 | 6.66% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $3,030,000 | $757,500 | $12,895 | 6.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $2,550,000 | $425,000 | $11,337 | 6.19% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $2,460,000 | $410,000 | $8,233 | 7.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $2,425,000 | $485,000 | $9,570 | 6.55% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $2,320,000 | $1,160,000 | $9,401 | 7.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 9 | $2,115,000 | $235,000 | $7,371 | 5.94% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $1,905,000 | $381,000 | $9,155 | 6.47% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $1,790,000 | $298,333 | $7,208 | 6.44% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,785,000 | $595,000 | $10,653 | 6.67% |
| Outside of Metro Areas | 8 | $1,750,000 | $218,750 | $7,035 | 6.59% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $1,670,000 | $835,000 | $10,478 | 7.94% |
| COLUMBUS, OH (FHA|USDA|VA) | 6 | $1,600,000 | $266,667 | $6,160 | 6.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $1,600,000 | $266,667 | $4,128 | 6.73% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $1,440,000 | $360,000 | $6,173 | 6.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $10,900 | 6.25% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $11,454 | 6.44% |
| LOUISVILLE, KY (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $7,019 | 5.88% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $8,757 | 6.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $6,759 | 5.42% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $13,919 | 6.25% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $1,155,000 | $1,155,000 | $17,273 | 5.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $5,111 | 5.87% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $9,276 | 5.54% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $6,859 | 6.59% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $9,476 | 7.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $17,533 | 5.38% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $19,061 | 7.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $10,785 | 5.96% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $8,409 | 6.56% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $7,066 | 6.54% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $9,499 | 6.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $6,603 | 6.67% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $7,000 | 6.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $8,137 | 6.19% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $7,916 | 6.96% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $6,108 | 6.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $7,174 | 6.67% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $11,040 | 6.06% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $6,380 | 5.88% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $6,138 | 5.75% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $11,582 | 7.06% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $2,283 | 6.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $5,649 | 6.56% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $23,211 | 6.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,297 | 5.94% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,573 | 7.25% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $31,682 | 5.75% |
| Warrensburg, MO (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,286 | 6.67% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,587 | 6.25% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $6,877 | 5.63% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $7,892 | 5.38% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $5,665 | 5.50% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,549 | 6.63% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,690 | 6.31% |
| DECATUR, AL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,871 | 6.81% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $6,704 | 6.25% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $10,622 | 6.50% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $16,830 | 6.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,695 | 7.25% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,464 | 7.25% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,586 | 7.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,736 | 6.25% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,954 | 7.38% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $11,951 | 5.63% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,580 | 6.38% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,158 | 7.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $13,636 | 6.50% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $7,041 | 7.31% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $11,581 | 5.25% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $9,912 | 5.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,061 | 7.19% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $16,542 | 6.50% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,364 | 6.63% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,057 | 7.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,763 | 7.50% |
| SALEM, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,788 | 6.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,699 | 5.99% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,329 | 4.63% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,328 | 5.44% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,677 | 6.63% |
| Heber, UT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,357 | 6.50% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $15,912 | 6.75% |
| RENO, NV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,281 | 7.25% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,871 | 7.50% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,894 | 6.50% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,337 | 6.49% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,921 | 6.88% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,479 | 6.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,349 | 6.50% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,062 | 6.75% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,507 | 6.25% |
| AKRON, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,715 | 6.13% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,092 | 6.63% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,640 | 5.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,186 | 6.38% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,313 | 7.38% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,948 | 4.75% |
| WACO, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $13,694 | 7.63% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,656 | 7.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,391 | 7.50% |
| Urbana, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,337 | 4.63% |
| TULSA, OK (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,677 | 6.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,625 | 5.88% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $14,324 | 5.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $11,399 | 6.38% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,616 | 6.75% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,617 | 6.50% |
| Crossville, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,650 | 6.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,808 | 6.63% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,235 | 6.63% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,016 | 7.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,329 | 4.88% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,463 | 6.63% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,960 | 9.25% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,333 | 6.38% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,778 | 6.38% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,924 | 7.50% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,746 | 7.13% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,127 | 6.00% |
| Marion, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,063 | 4.88% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,290 | 5.75% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,251 | 6.38% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,534 | 6.25% |
| New Castle, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,668 | 6.88% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,326 | 7.50% |
| Peru, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,886 | 5.88% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,802 | 7.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,745 | 6.13% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,285 | 6.38% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,491 | 7.50% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,315 | 6.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against LENOX FINANCIAL MORTGAGE CORPORATION 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 |
|---|---|---|---|---|---|
| Conventional | 341 | $133,405,000 | $391,217 | $8,154 | 6.56% |
| FHA | 18 | $6,340,000 | $352,222 | $14,418 | 6.26% |
| VA | 18 | $6,360,000 | $353,333 | $10,701 | 5.94% |
For 2023, Lenox Financial Mortgage Corporation's most frequently originated type of loan was Conventional, with 341 originations. Their 2nd most popular type was FHA, with 18 originations.
Loan Reason
For 2023, Lenox Financial Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 243 originations. The 2nd most popular reason was Cash Out Refi, with 107 originations.
Loan Duration/Length
For 2023, Lenox Financial Mortgage Corporation's most frequently cited loan duration was 30 Year, with 298 originations. The 2nd most popular length was 15 Year, with 72 originations.
Origination Fees/Closing Costs
Lenox Financial Mortgage Corporation's average total fees were $9,037, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 140 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 160 | $61,590,000 | $384,938 |
| 5-6% | 113 | $42,535,000 | $376,416 |
| 7-8% | 78 | $26,440,000 | $338,974 |
| Over 8% | 14 | $12,540,000 | $895,714 |
| 4-5% | 12 | $3,000,000 | $250,000 |
During 2023, Lenox Financial Mortgage Corporation's average interest rate for loans was 6.72%, while their most frequently originated rate bucket for loans was 6-7%, with 160 originations.
Loan Sizing
2023 saw Lenox Financial Mortgage Corporation place emphasis on $200k-400k loans with 192 originations, totaling $53,600,000 in origination value.
Applicant Income
Lenox Financial Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 103 originations. The second most popular income band? $150k-250k, with 89 originations.
Applicant Debt to Income Ratio
Lenox Financial Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 65 originations. The next most common DTI ratio? 30-36%, with 64 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.57%
Lenox Financial Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination-57.03%
Lenox Financial Mortgage Corporation 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 | 377 | $146,105,000 | $387,546 |