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 loans. Landed Home Loans 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: San Francisco, Denver, Washington, Los Angeles, and Oxnard among others. We have data for 25 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 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 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
108Origination Dollar Volume (All Markets)
$51,900,000Top 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) | 14 | $9,120,000 | $651,429 | $9,936 | 4.70% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 15 | $5,775,000 | $385,000 | $5,375 | 4.45% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 13 | $5,525,000 | $425,000 | $7,228 | 4.53% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $3,730,000 | $621,667 | $11,104 | 4.14% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $3,185,000 | $637,000 | $12,056 | 4.58% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $3,140,000 | $785,000 | $11,320 | 4.06% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 9 | $2,955,000 | $328,333 | $7,133 | 5.05% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $2,840,000 | $473,333 | $9,774 | 5.79% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 6 | $2,840,000 | $473,333 | $10,173 | 5.08% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $2,040,000 | $510,000 | $6,891 | 5.34% |
| BOULDER, CO (FHA|USDA|VA) | 5 | $1,915,000 | $383,000 | $6,832 | 4.68% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $12,763 | 5.79% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $11,792 | 6.06% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $6,465 | 4.69% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $6,145 | 6.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $9,541 | 5.75% |
| BEND, OR (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $5,759 | 5.99% |
| NAPA, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $9,970 | 5.63% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,573 | 4.63% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $12,512 | 3.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $13,738 | 6.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $7,452 | 5.63% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $8,658 | 5.99% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,803 | 5.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,684 | 6.13% |
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 | 107 | $51,315,000 | $479,579 | $8,415 | 4.88% |
| FHA | 1 | $585,000 | $585,000 | $21,972 | 5.75% |
For 2022, Landed Home Loans's most frequently originated type of loan was Conventional, with 107 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2022, Landed Home Loans's most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 107 | $51,145,000 | $477,991 | $8,584 | 4.91% |
| 15 Year | 1 | $755,000 | $755,000 | $3,860 | 2.99% |
For 2022, Landed Home Loans's most frequently cited loan duration was 30 Year, with 107 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
Landed Home Loans's average total fees were $8,584, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 46 originations.
Interest Rates
During 2022, Landed Home Loans's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 5-6%, with 41 originations.
Loan Sizing
2022 saw Landed Home Loans place emphasis on $400k-600k loans with 43 originations, totaling $21,045,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 108 | $51,900,000 | $480,556 | $8,540 | 4.89% |
Landed Home Loans lent most frequently to those with incomes in the $50k or less range, with 108 originations.
Applicant Debt to Income Ratio
Landed Home Loans lent most frequently to those with DTI ratios of 30-36%, with 19 originations. The next most common DTI ratio? 47%, with 11 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.95%
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 origination47.22%
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 | 108 | $51,900,000 | $480,556 |