Landed Home Loans Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300NK4UZYJMJIC252
Tax ID: 84-3763142
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Mortgage Data
Review & Overview
Landed Home Loans is a smaller mortgage company specializing in Home Purchase and Refi loans. Landed Home Loans has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Denver, San Jose, Los Angeles, and Seattle among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Landed Home Loans 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. Landed Home Loans is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.73% | 11/21/24 |
| 30 Year Conventional Refi | 6.49% | 11/21/24 |
| 30 Year Cash-out Refi | 6.88% | 11/21/24 |
| 30 Year FHA Purchase | 7.56% | 11/21/24 |
| 15 Year Conventional Purchase | 5.68% | 11/21/24 |
| 15 Year Conventional Refi | 6.28% | 11/21/24 |
| 15 Year Cash-out Refi | 6.28% | 11/21/24 |
| 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. | ||
Landed Home Loans Mortgage Calculator
Your Estimates
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This is not an official calculator from Landed Home Loans. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
251Origination Dollar Volume (All Markets)
$135,255,000Top 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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 58 | $38,960,000 | $671,724 | $7,230 | 3.20% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 68 | $26,020,000 | $382,647 | $4,209 | 3.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 22 | $14,400,000 | $654,545 | $6,362 | 3.33% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 22 | $13,330,000 | $605,909 | $6,458 | 3.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 16 | $9,050,000 | $565,625 | $4,944 | 3.16% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 9 | $7,005,000 | $778,333 | $8,000 | 3.10% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 12 | $4,620,000 | $385,000 | $4,747 | 3.42% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 10 | $4,450,000 | $445,000 | $6,132 | 3.45% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $4,445,000 | $635,000 | $7,652 | 3.12% |
| BOULDER, CO (FHA|USDA|VA) | 5 | $2,335,000 | $467,000 | $3,928 | 3.28% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $2,215,000 | $443,000 | $4,271 | 3.43% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,885,000 | $628,333 | $6,766 | 3.46% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 5 | $1,665,000 | $333,000 | $4,553 | 3.33% |
| BEND, OR (FHA|USDA|VA) | 1 | $1,375,000 | $1,375,000 | $8,820 | 3.13% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $1,155,000 | $1,155,000 | $6,601 | 3.25% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $3,098 | 3.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,928 | 3.56% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,440 | 3.50% |
| Outside of Metro Areas | 1 | $295,000 | $295,000 | $4,678 | 3.63% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,739 | 3.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against LANDED HOME LOANS 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 | 251 | $135,255,000 | $538,865 | $5,753 | 3.26% |
For 2021, Landed Home Loans's most frequently originated type of loan was Conventional, with 251 originations.
Loan Reason
For 2021, Landed Home Loans's most frequently cited loan purpose was Home Purchase, with 170 originations. The 2nd most popular reason was Refi, with 72 originations.
Loan Duration/Length
For 2021, Landed Home Loans's most frequently cited loan duration was 30 Year, with 248 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Landed Home Loans's average total fees were $5,791, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 135 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 180 | $94,730,000 | $526,278 |
| 2.5-3% | 65 | $38,475,000 | $591,923 |
| 4-5% | 5 | $1,835,000 | $367,000 |
| <2.5% | 1 | $215,000 | $215,000 |
During 2021, Landed Home Loans's average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was 3-4%, with 180 originations.
Loan Sizing
2021 saw Landed Home Loans place emphasis on $600k-1MM loans with 83 originations, totaling $60,525,000 in origination value.
Applicant Income
Landed Home Loans lent most frequently to those with incomes in the $150k-250k range, with 85 originations. The second most popular income band? $100k-150k, with 71 originations.
Applicant Debt to Income Ratio
Landed Home Loans lent most frequently to those with DTI ratios of 30-36%, with 52 originations. The next most common DTI ratio? 20-30%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.28%
Landed Home Loans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination66.14%
Landed Home Loans 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 | 251 | $135,255,000 | $538,865 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Landed Home Loans LLC | Other type of mortgage | Closing on a mortgage | 1 | 100.0% |