Lenox Financial Mortgage Corporation Rates, Fees & Info

SANTA ANA, CA

LEI: 549300LROQOOQU77WS20

Tax ID: 95-4762204

4.3 stars - Updated: 7/11/24 - out of 5 stars, based on 19 reviews

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

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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.

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 6.77% 7/11/24
30 Year Conventional Refi 6.54% 7/11/24
30 Year Cash-out Refi 6.75% 7/11/24
30 Year FHA Purchase 7.33% 7/11/24
30 Year FHA Refi 7.13% 7/11/24
30 Year VA Purchase 6.39% 7/11/24
30 Year VA Refi 6.27% 7/11/24
15 Year Conventional Purchase 6.61% 7/11/24
15 Year Conventional Refi 6.08% 7/11/24
15 Year Cash-out Refi 6.08% 7/11/24
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

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

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

377

Origination Dollar Volume (All Markets)

$146,105,000

Awards

LENOX FINANCIAL MORTGAGE CORPORATION 30 Year Conventional Loans silver LENOX FINANCIAL MORTGAGE CORPORATION 30 Year Conventional Loans silver LENOX FINANCIAL MORTGAGE CORPORATION FHA Loans silver LENOX FINANCIAL MORTGAGE CORPORATION VA Loans gold
Show all (4) awards

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%
Lenox Financial Mortgage Corporation's top markets include Los Angeles, New York, Oxnard, Phoenix, and Dallas among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 243 $103,455,000 $425,741 $8,511 6.58%
    Cash Out Refi 107 $31,085,000 $290,514 $8,532 6.38%
    Refi 27 $11,565,000 $428,333 $9,316 6.49%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 298 $123,010,000 $412,785 $9,037 6.72%
    15 Year 72 $20,840,000 $289,444 $6,667 5.68%
    20 Year 3 $725,000 $241,667 $7,189 6.04%
    10 Year 2 $590,000 $295,000 $10,571 5.63%
    30+ year 1 $635,000 $635,000 $11,364 7.75%
    Other 1 $305,000 $305,000 $5,565 7.75%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 140 $64,130,000 $458,071
    $2k-3k 69 $21,645,000 $313,696
    $1k-2k 64 $25,210,000 $393,906
    $3k-4k 44 $15,780,000 $358,636
    $4k-5k 41 $11,895,000 $290,122
    $<1k 19 $7,445,000 $391,842

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 192 $53,600,000 $279,167 $7,518 6.50%
    $100k-200k 63 $10,285,000 $163,254 $5,734 6.53%
    $400k-600k 63 $30,375,000 $482,143 $9,432 6.29%
    $600k-1MM 40 $30,080,000 $752,000 $13,207 6.64%
    $1MM+ 15 $21,415,000 $1,427,667 $19,083 7.39%
    $100,000 or less 4 $350,000 $87,500 $4,785 6.31%

    2023 saw Lenox Financial Mortgage Corporation place emphasis on $200k-400k loans with 192 originations, totaling $53,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 103 $32,255,000 $313,155 $7,550 6.53%
    $150k-250k 89 $35,715,000 $401,292 $8,662 6.48%
    $250k+ 80 $52,790,000 $659,875 $11,588 6.65%
    $75k-100k 55 $14,875,000 $270,455 $7,033 6.43%
    $50k-75k 37 $8,175,000 $220,946 $7,408 6.28%
    $50k or less 13 $2,295,000 $176,538 $7,403 6.88%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 65 $26,455,000 $407,000 $8,727 6.57%
    30-36% 64 $26,430,000 $412,969 $8,461 6.46%
    <20% 26 $6,010,000 $231,154 $6,363 6.04%
    48% 18 $7,720,000 $428,889 $8,283 6.80%
    42% 17 $9,275,000 $545,588 $11,679 6.60%
    44% 17 $5,945,000 $349,706 $9,570 6.50%
    37% 16 $5,750,000 $359,375 $7,834 6.66%
    49% 16 $5,510,000 $344,375 $8,073 6.71%
    41% 14 $5,650,000 $403,571 $10,930 6.17%
    43% 13 $4,495,000 $345,769 $8,039 6.43%
    50-60% 12 $5,560,000 $463,333 $14,174 6.29%
    36% 11 $4,055,000 $368,636 $6,862 6.34%
    38% 11 $6,285,000 $571,364 $8,730 6.60%
    40% 11 $3,865,000 $351,364 $7,694 6.23%
    45% 11 $3,165,000 $287,727 $6,784 6.95%
    46% 11 $4,495,000 $408,636 $8,571 6.76%
    47% 11 $5,595,000 $508,636 $7,926 7.18%
    39% 10 $3,030,000 $303,000 $7,371 5.99%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 227 $82,605,000 $363,899 $8,279 6.52%
    Not provided 98 $40,510,000 $413,367 $9,090 6.58%
    Asian 36 $18,060,000 $501,667 $8,267 6.40%
    Black 13 $3,975,000 $305,769 $10,319 6.21%
    Asian Indian 1 $575,000 $575,000 $20,242 7.25%
    American Indian 1 $225,000 $225,000 $5,235 6.63%
    Native Hawaiian or Islander 1 $155,000 $155,000 $5,208 7.50%

    Approval Rates

    Total approvals of all applications
    94.57%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    377 $146,105,000 $387,546

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $8,780,000 $274,375 $6,244 6.32%
    40-60% 69 $22,865,000 $331,377 $7,711 6.34%
    60-80% 147 $60,935,000 $414,524 $9,293 6.57%
    80-100% 104 $46,130,000 $443,558 $8,928 6.67%
    Over 100% 5 $1,725,000 $345,000 $16,668 5.60%
    Under 20% 8 $1,820,000 $227,500 $5,785 6.53%