Love Funding Corporation Mortgage Rates, Fees & Info
Washington, DCLEI: 549300QCMANURIHZ1D65
Tax ID: 43-1364602
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Mortgage Data
Review & Overview
Love Funding Corporation is a smaller mortgage company specializing in Refi and Home Purchase loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Jacksonville, New York, Tampa, Las Vegas, and Jackson among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Love Funding Corporation has an above average approval rate when compared to the average across all lenders.
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Originations
27Origination Dollar Volume (All Markets)
$341,015,000Top 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 |
|---|---|---|---|---|---|
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $58,430,000 | $29,215,000 | $0 | 3.40% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $55,610,000 | $27,805,000 | $0 | 3.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $50,865,000 | $50,865,000 | $0 | 3.49% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $30,185,000 | $30,185,000 | $0 | 4.10% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $25,705,000 | $25,705,000 | $0 | 3.39% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $17,915,000 | $17,915,000 | $0 | 4.53% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $16,275,000 | $16,275,000 | $0 | 4.95% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $10,835,000 | $10,835,000 | $0 | 3.67% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $10,305,000 | $10,305,000 | $0 | 4.44% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $8,405,000 | $8,405,000 | $0 | 3.77% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $8,005,000 | $8,005,000 | $0 | 3.99% |
| CHICO, CA (FHA|USDA|VA) | 1 | $7,555,000 | $7,555,000 | $0 | 3.78% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $7,255,000 | $7,255,000 | $0 | 3.89% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $7,000,000 | $3,500,000 | $0 | 4.56% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $6,660,000 | $3,330,000 | $0 | 3.89% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $6,385,000 | $6,385,000 | $0 | 4.69% |
| Outside of Metro Areas | 2 | $4,830,000 | $2,415,000 | $0 | 3.67% |
| Albertville, AL (FHA|USDA|VA) | 1 | $2,935,000 | $2,935,000 | $0 | 4.09% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $1,625,000 | $1,625,000 | $0 | 4.18% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $1,525,000 | $1,525,000 | $0 | 3.89% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $1,465,000 | $1,465,000 | $0 | 4.07% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $1,245,000 | $1,245,000 | $0 | 4.07% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 27 | $341,015,000 | $12,630,185 | $0 | 3.98% |
For 2019, Love Funding Corporation's most frequently originated type of loan was FHA, with 27 originations.
Loan Reason
For 2019, Love Funding Corporation's most frequently cited loan purpose was Refi, with 18 originations. The 2nd most popular reason was Home Purchase, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30+ year | 26 | $315,310,000 | $12,127,308 | $0 | 4.00% |
| Other | 1 | $25,705,000 | $25,705,000 | $0 | 3.39% |
For 2019, Love Funding Corporation's most frequently cited loan duration was 30+ year, with 26 originations. The 2nd most popular length was Other, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 15 | $244,375,000 | $16,291,667 |
| 4-5% | 12 | $96,640,000 | $8,053,333 |
During 2019, Love Funding Corporation's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 15 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 27 | $341,015,000 | $12,630,185 | $0 | 3.98% |
2019 saw Love Funding Corporation place emphasis on $1MM+ loans with 27 originations, totaling $341,015,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 27 | $341,015,000 | $12,630,185 | $0 | 3.98% |
Approval Rates
Total approvals of all applications100.00%
Love Funding Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 27 | $341,015,000 | $12,630,185 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 27 | $341,015,000 | $12,630,185 |