Lenderfi Mortgage Rates, Fees & Info
Calabasas, CALEI: 549300OWUY97LHFQ0512
Tax ID: 56-2596258
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Mortgage Data
Review & Overview
Lenderfi is a smaller mortgage company specializing in Refi loans. Lenderfi 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, Riverside, San Francisco, Phoenix, and Seattle among others. We have data for 154 markets. (Some data included below & more in-depth data is available with an active subscription.)Lenderfi 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. Lenderfi is typically a low 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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Originations
1,721Origination Dollar Volume (All Markets)
$603,175,000Awards
LENDERFI - 2019
LENDERFI is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 183 | $76,105,000 | $415,874 | $2,019 | 3.74% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 123 | $42,375,000 | $344,512 | $2,079 | 3.74% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 85 | $40,845,000 | $480,529 | $2,305 | 3.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 130 | $38,650,000 | $297,308 | $1,756 | 3.89% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 93 | $38,445,000 | $413,387 | $1,767 | 3.68% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 110 | $37,830,000 | $343,909 | $2,253 | 3.70% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 69 | $28,055,000 | $406,594 | $2,352 | 3.65% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 54 | $17,440,000 | $322,963 | $2,630 | 3.81% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 33 | $15,655,000 | $474,394 | $3,205 | 3.56% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 52 | $15,620,000 | $300,385 | $2,332 | 3.92% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 40 | $14,400,000 | $360,000 | $1,785 | 3.70% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 42 | $13,610,000 | $324,048 | $2,269 | 3.59% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 32 | $13,220,000 | $413,125 | $2,066 | 3.97% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 38 | $12,170,000 | $320,263 | $3,120 | 3.71% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 34 | $10,230,000 | $300,882 | $2,811 | 3.92% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 27 | $9,235,000 | $342,037 | $2,096 | 3.61% |
| STOCKTON, CA (FHA|USDA|VA) | 22 | $7,290,000 | $331,364 | $2,191 | 3.80% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 19 | $6,935,000 | $365,000 | $2,135 | 3.66% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 23 | $6,745,000 | $293,261 | $2,630 | 4.01% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 15 | $5,915,000 | $394,333 | $1,264 | 3.64% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 18 | $5,720,000 | $317,778 | $2,540 | 3.91% |
| FRESNO, CA (FHA|USDA|VA) | 20 | $5,720,000 | $286,000 | $1,205 | 3.90% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 17 | $5,675,000 | $333,824 | $4,074 | 3.61% |
| MODESTO, CA (FHA|USDA|VA) | 16 | $5,470,000 | $341,875 | $1,611 | 3.64% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 19 | $4,935,000 | $259,737 | $1,588 | 3.63% |
| Outside of Metro Areas | 15 | $4,405,000 | $293,667 | $2,849 | 3.82% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 11 | $3,965,000 | $360,455 | $4,442 | 3.56% |
| VALLEJO, CA (FHA|USDA|VA) | 11 | $3,815,000 | $346,818 | $1,574 | 3.84% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 13 | $3,775,000 | $290,385 | $5,988 | 3.78% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 8 | $3,660,000 | $457,500 | $1,207 | 3.84% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 9 | $3,285,000 | $365,000 | $1,603 | 3.58% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 9 | $2,955,000 | $328,333 | $3,784 | 3.81% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 9 | $2,935,000 | $326,111 | $2,625 | 4.22% |
| TUCSON, AZ (FHA|USDA|VA) | 10 | $2,760,000 | $276,000 | $2,132 | 3.96% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $2,685,000 | $298,333 | $2,680 | 4.07% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 10 | $2,670,000 | $267,000 | $2,123 | 3.91% |
| BOISE CITY, ID (FHA|USDA|VA) | 8 | $2,610,000 | $326,250 | $2,153 | 3.88% |
| SALEM, OR (FHA|USDA|VA) | 8 | $2,520,000 | $315,000 | $2,676 | 4.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 7 | $2,305,000 | $329,286 | $2,440 | 3.80% |
| SALINAS, CA (FHA|USDA|VA) | 6 | $2,280,000 | $380,000 | $1,327 | 3.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $2,230,000 | $371,667 | $1,678 | 3.90% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $2,070,000 | $258,750 | $2,665 | 3.52% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 5 | $1,935,000 | $387,000 | $3,962 | 3.53% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $1,910,000 | $477,500 | $1,445 | 3.56% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,905,000 | $272,143 | $2,535 | 3.82% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 6 | $1,870,000 | $311,667 | $3,083 | 3.73% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $1,805,000 | $361,000 | $2,856 | 3.85% |
| GREELEY, CO (FHA|USDA|VA) | 6 | $1,800,000 | $300,000 | $1,273 | 3.92% |
| MEDFORD, OR (FHA|USDA|VA) | 6 | $1,680,000 | $280,000 | $1,828 | 3.90% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 6 | $1,670,000 | $278,333 | $1,213 | 3.63% |
| VISALIA, CA (FHA|USDA|VA) | 6 | $1,640,000 | $273,333 | $3,948 | 3.75% |
| BELLINGHAM, WA (FHA|USDA|VA) | 6 | $1,550,000 | $258,333 | $2,355 | 4.04% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $1,525,000 | $305,000 | $1,451 | 3.70% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $1,490,000 | $372,500 | $2,917 | 3.63% |
| YUBA CITY, CA (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $1,405 | 4.03% |
| WENATCHEE, WA (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $1,276 | 3.95% |
| SANTA FE, NM (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $2,266 | 4.06% |
| GAINESVILLE, GA (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $2,368 | 4.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $1,283 | 3.70% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $2,178 | 3.71% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $1,239 | 3.96% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $2,700 | 3.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $1,176 | 3.58% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $1,957 | 4.13% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $2,971 | 3.71% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $1,643 | 3.69% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $1,438 | 3.63% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $1,118 | 3.81% |
| MERCED, CA (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $1,263 | 3.71% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $1,764 | 4.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $4,061 | 4.04% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $2,737 | 3.66% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $3,512 | 3.81% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $1,161 | 3.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $1,346 | 3.81% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $1,156 | 3.63% |
| REDDING, CA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $1,044 | 4.00% |
| POCATELLO, ID (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $1,976 | 3.83% |
| MADERA, CA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $1,501 | 4.19% |
| Los Alamos, NM (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,582 | 3.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $1,760 | 3.56% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $1,534 | 3.94% |
| CORVALLIS, OR (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $2,032 | 3.81% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $2,312 | 3.69% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $1,512 | 3.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $1,039 | 3.67% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $1,131 | 3.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $6,599 | 6.81% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,790 | 3.06% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $1,234 | 3.81% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $6,530 | 4.06% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $1,738 | 3.75% |
| CHICO, CA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $1,024 | 3.50% |
| Sonora, CA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $1,312 | 4.06% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $1,017 | 3.88% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $1,589 | 4.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,538 | 3.81% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $1,630 | 3.63% |
| BEND, OR (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,175 | 3.69% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,834 | 3.38% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $1,029 | 4.13% |
| Outside of Metro Areas | 2 | $490,000 | $245,000 | $7,698 | 3.69% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $1,421 | 3.88% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $2,431 | 3.25% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $940 | 3.50% |
| Holland, MI (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $1,510 | 3.81% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $1,076 | 3.50% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $1,076 | 3.75% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $1,270 | 3.63% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $1,336 | 4.31% |
| LINCOLN, NE (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $6,448 | 5.13% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $1,854 | 4.50% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,611 | 4.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $1,656 | 3.63% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,074 | 3.75% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $1,631 | 4.00% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $1,876 | 3.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,601 | 4.13% |
| MADISON, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,285 | 4.13% |
| Durango, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $1,249 | 3.63% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $1,206 | 3.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,463 | 4.38% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,276 | 3.75% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,603 | 3.75% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $976 | 3.00% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,248 | 3.88% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,357 | 3.38% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,226 | 3.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,321 | 3.38% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,482 | 3.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,981 | 3.88% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,671 | 3.38% |
| WACO, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $11,981 | 3.38% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,270 | 3.50% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,038 | 3.50% |
| Minot, ND (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,221 | 3.63% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,077 | 3.88% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,051 | 4.38% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,222 | 4.00% |
| Borger, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,876 | 3.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,566 | 4.00% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,491 | 3.75% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,217 | 5.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,814 | 4.38% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,058 | 4.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,071 | 4.63% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $986 | 4.25% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $971 | 3.75% |
| ROME, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,659 | 3.13% |
| NILES, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,511 | 5.13% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,650 | 5.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,242 | 3.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,744 | 5.75% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,359 | 5.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against LENDERFI 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 | 1,644 | $578,040,000 | $351,606 | $1,986 | 3.76% |
| FHA | 64 | $20,400,000 | $318,750 | $8,860 | 4.01% |
| VA | 13 | $4,735,000 | $364,231 | $4,143 | 3.68% |
For 2019, Lenderfi's most frequently originated type of loan was Conventional, with 1,644 originations. Their 2nd most popular type was FHA, with 64 originations.
Loan Reason
For 2019, Lenderfi's most frequently cited loan purpose was Refi, with 1,443 originations. The 2nd most popular reason was Cash Out Refi, with 209 originations.
Loan Duration/Length
For 2019, Lenderfi's most frequently cited loan duration was 30 Year, with 1,591 originations. The 2nd most popular length was 15 Year, with 96 originations.
Origination Fees/Closing Costs
Lenderfi's average total fees were $2,247, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,515 originations.
Interest Rates
During 2019, Lenderfi's average interest rate for loans was 3.77%, while their most frequently originated rate bucket for loans was 3-4%, with 1,262 originations.
Loan Sizing
2019 saw Lenderfi place emphasis on $200k-400k loans with 1,157 originations, totaling $349,195,000 in origination value.
Applicant Income
Lenderfi lent most frequently to those with incomes in the $100k-150k range, with 589 originations. The second most popular income band? $75k-100k, with 383 originations.
Applicant Debt to Income Ratio
Lenderfi lent most frequently to those with DTI ratios of 30-36%, with 372 originations. The next most common DTI ratio? 20-30%, with 367 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.27%
Lenderfi has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination12.03%
Lenderfi 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 | 1,721 | $603,175,000 | $350,479 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,721 | $603,175,000 | $350,479 |