Lendus Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300QU7HWSPH011Y56

Tax ID: 02-0486480

2020 Data | 2019 Data | 2018 Data


Overview

Lendus is a mid-sized mortgage company specializing in Home Purchase and Refi loans. Lendus has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Oakland, Los Angeles, Seattle, Anaheim, and Columbus among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Lendus is typically an average fee lendor.


Originations

20,024

Origination Dollar Volume (All Markets)

$7,209,520,000

Relative Rate

Lendus 's average 30 year fixed rate mortgage was 3.26%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.1%.

Relative Fees

Lendus 's average total fees for a 30 year fixed rate mortgage are $5,637.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 15,466 $6,000,540,000 $387,983 $4,794 3.25%
FHA 2,599 $553,075,000 $212,803 $8,508 3.37%
VA 1,599 $596,605,000 $373,111 $6,966 2.78%
USDA 360 $59,300,000 $164,722 $5,846 3.32%

For the 2020 period, Lendus 's most frequently originated loan type was Conventional, with 15,466 originations. Their 2nd most popular type is FHA, with 2,599 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 9,011 $2,834,915,000 $314,606 $6,716 3.31%
Refi 8,911 $3,651,445,000 $409,768 $4,256 3.10%
Cash Out Refi 1,942 $673,860,000 $346,993 $5,208 3.42%
Home Improvement 160 $49,300,000 $308,125 $4,597 3.14%

For the 2020, Lendus 's most frequently cited loan purpose was Home Purchase, with 9,011 originations. The 2nd most popular reason was Refi, with 8,911 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 18,177 $6,700,885,000 $368,646 $5,637 3.25%
15 Year 1,183 $339,005,000 $286,564 $4,031 2.79%
20 Year 373 $119,655,000 $320,791 $4,010 3.07%
10 Year 132 $7,940,000 $60,152 $1,086 5.87%
Other 113 $36,215,000 $320,487 $3,648 2.95%
5 Year 40 $580,000 $14,500 $147 0.00%
30+ year 5 $5,225,000 $1,045,000 $8,530 4.63%
3 Year 1 $15,000 $15,000 $0 0.00%

For the 2020, Lendus 's most frequently cited loan length was 30 Year, with 18,177 originations. The 2nd most popular length was 15 Year, with 1,183 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 11,763 $4,110,425,000 $349,437
$3k-4k 2,724 $999,090,000 $366,773
$2k-3k 2,587 $789,115,000 $305,031
$5k+ 1,737 $1,006,225,000 $579,289
$<1k 1,206 $302,200,000 $250,580

$5,637 was Lendus 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 11,763 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
OAKLAND-BERKELEY-LIVERMORE, CA 2,322 $1,290,700,000 $555,857 $4,939 3.20%
LOS ANGELES-LONG BEACH-GLENDALE, CA 1,524 $852,500,000 $559,383 $7,081 3.27%
SEATTLE-BELLEVUE-KENT, WA 1,128 $500,890,000 $444,051 $5,659 3.18%
Outside of Metro Areas 1,714 $465,790,000 $271,756 $5,335 3.30%
ANAHEIM-SANTA ANA-IRVINE, CA 613 $343,195,000 $559,861 $5,821 3.19%
COLUMBUS, OH 1,386 $265,550,000 $191,595 $4,837 3.37%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 492 $237,340,000 $482,398 $5,528 3.04%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 1,129 $236,295,000 $209,296 $5,940 3.36%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 475 $189,205,000 $398,326 $5,565 3.21%
COLUMBIA, SC 853 $175,425,000 $205,657 $5,287 3.16%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 239 $163,555,000 $684,331 $6,323 3.18%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 238 $155,610,000 $653,824 $5,872 3.25%
TACOMA-LAKEWOOD, WA 382 $142,600,000 $373,298 $5,597 3.06%
SANTA MARIA-SANTA BARBARA, CA 291 $142,165,000 $488,540 $4,326 3.26%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 408 $137,770,000 $337,672 $5,798 3.28%
CLEVELAND-ELYRIA, OH 816 $123,970,000 $151,924 $5,454 3.24%
SALINAS, CA 232 $116,670,000 $502,888 $4,944 3.21%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 433 $108,285,000 $250,081 $6,197 3.25%
GREENVILLE-ANDERSON, SC 489 $104,275,000 $213,241 $5,068 3.32%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 255 $99,475,000 $390,098 $5,711 3.18%
DENVER-AURORA-LAKEWOOD, CO 241 $89,515,000 $371,432 $3,333 3.32%
VALLEJO, CA 178 $73,830,000 $414,775 $5,230 3.20%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 176 $67,670,000 $384,489 $2,979 3.08%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 178 $55,890,000 $313,989 $4,971 3.17%
SAN RAFAEL, CA 73 $51,035,000 $699,110 $6,234 3.21%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 195 $50,975,000 $261,410 $4,471 3.16%
BILLINGS, MT 190 $48,240,000 $253,895 $5,177 3.24%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 124 $45,690,000 $368,468 $6,215 3.13%
MISSOULA, MT 158 $44,790,000 $283,481 $4,806 3.22%
OXNARD-THOUSAND OAKS-VENTURA, CA 83 $41,515,000 $500,181 $5,804 3.17%
NORTH PORT-SARASOTA-BRADENTON, FL 154 $37,760,000 $245,195 $7,392 3.20%
CHARLESTON-NORTH CHARLESTON, SC 143 $37,705,000 $263,671 $5,325 3.03%
SPARTANBURG, SC 208 $37,130,000 $178,510 $4,808 3.39%
PHILADELPHIA, PA 120 $30,900,000 $257,500 $4,768 3.23%
CAPE CORAL-FORT MYERS, FL 153 $30,635,000 $200,229 $5,854 3.15%
BAKERSFIELD, CA 94 $28,080,000 $298,723 $6,413 3.24%
SANTA ROSA-PETALUMA, CA 59 $27,985,000 $474,322 $5,152 3.25%
SAN LUIS OBISPO-PASO ROBLES, CA 64 $27,340,000 $427,188 $5,047 3.24%
FLORENCE, SC 146 $26,430,000 $181,027 $5,464 3.11%
BOULDER, CO 70 $25,350,000 $362,143 $3,331 3.42%
PHOENIX-MESA-CHANDLER, AZ 81 $25,015,000 $308,827 $4,838 3.20%
EL PASO, TX 123 $22,075,000 $179,472 $6,568 3.31%
SANTA CRUZ-WATSONVILLE, CA 38 $20,010,000 $526,579 $5,611 3.27%
ORLANDO-KISSIMMEE-SANFORD, FL 62 $15,670,000 $252,742 $6,059 3.25%
WILMINGTON, DE-MD-NJ 55 $15,105,000 $274,636 $5,755 3.07%
OLYMPIA-LACEY-TUMWATER, WA 37 $14,295,000 $386,351 $6,095 2.87%
STOCKTON, CA 38 $13,580,000 $357,368 $4,154 3.22%
RENO, NV 44 $13,570,000 $308,409 $4,555 2.99%
URBAN HONOLULU, HI 22 $13,490,000 $613,182 $6,674 2.72%
BEND, OR 34 $12,020,000 $353,529 $6,083 3.13%
MANSFIELD, OH 92 $10,900,000 $118,478 $4,976 3.38%
GAINESVILLE, GA 44 $10,210,000 $232,045 $6,030 3.13%
NAPA, CA 23 $9,805,000 $426,304 $3,998 3.11%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 27 $9,585,000 $355,000 $3,394 2.98%
LAS VEGAS-HENDERSON-PARADISE, NV 27 $9,355,000 $346,481 $5,139 3.39%
COLORADO SPRINGS, CO 25 $8,925,000 $357,000 $3,695 2.67%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 29 $8,695,000 $299,828 $7,902 3.24%
AUGUSTA-RICHMOND COUNTY, GA-SC 42 $8,550,000 $203,571 $6,310 2.87%
MIAMI-MIAMI BEACH-KENDALL, FL 28 $8,210,000 $293,214 $8,584 3.23%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 21 $7,825,000 $372,619 $5,249 2.55%
BOSTON, MA 20 $7,240,000 $362,000 $4,148 3.12%
DOVER, DE 30 $5,960,000 $198,667 $6,691 3.03%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 23 $5,935,000 $258,043 $4,943 3.00%
DALLAS-PLANO-IRVING, TX 18 $5,880,000 $326,667 $7,899 3.28%
AKRON, OH 29 $5,795,000 $199,828 $4,991 3.09%
JACKSONVILLE, FL 19 $4,865,000 $256,053 $6,098 3.13%
HICKORY-LENOIR-MORGANTON, NC 27 $4,525,000 $167,593 $5,322 3.32%
SPOKANE-SPOKANE VALLEY, WA 12 $4,520,000 $376,667 $4,190 3.18%
GREELEY, CO 12 $4,500,000 $375,000 $3,850 3.02%
ASHEVILLE, NC 19 $4,445,000 $233,947 $4,248 3.31%
LAKELAND-WINTER HAVEN, FL 23 $4,435,000 $192,826 $6,928 3.37%
NAPLES-MARCO ISLAND, FL 16 $4,410,000 $275,625 $5,306 3.05%
SUMTER, SC 22 $4,320,000 $196,364 $5,104 2.89%
FORT COLLINS, CO 12 $4,280,000 $356,667 $2,923 3.28%
FRESNO, CA 16 $3,980,000 $248,750 $3,847 3.44%
COEUR D'ALENE, ID 8 $3,880,000 $485,000 $6,251 2.56%
MODESTO, CA 13 $3,655,000 $281,154 $5,265 3.09%
BOISE CITY, ID 11 $3,545,000 $322,273 $7,213 3.28%
MANCHESTER-NASHUA, NH 11 $3,295,000 $299,545 $3,756 2.83%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 10 $3,170,000 $317,000 $4,747 3.05%
OCEAN CITY, NJ 7 $3,125,000 $446,429 $5,901 3.57%
SAVANNAH, GA 20 $3,120,000 $156,000 $5,462 2.96%
CINCINNATI, OH-KY-IN 18 $3,030,000 $168,333 $5,968 3.31%
PUNTA GORDA, FL 11 $2,975,000 $270,455 $11,112 2.91%
VISALIA, CA 12 $2,950,000 $245,833 $3,072 2.95%
MOUNT VERNON-ANACORTES, WA 10 $2,840,000 $284,000 $5,595 2.40%
PROVIDENCE-WARWICK, RI-MA 9 $2,765,000 $307,222 $3,155 3.17%
PALM BAY-MELBOURNE-TITUSVILLE, FL 8 $2,660,000 $332,500 $8,251 3.14%
ROME, GA 18 $2,650,000 $147,222 $5,433 3.36%
WENATCHEE, WA 8 $2,560,000 $320,000 $4,095 3.30%
CARSON CITY, NV 10 $2,520,000 $252,000 $6,071 3.69%
PRESCOTT VALLEY-PRESCOTT, AZ 8 $2,420,000 $302,500 $6,120 3.05%
REDDING, CA 10 $2,350,000 $235,000 $4,321 3.14%
BELLINGHAM, WA 7 $2,275,000 $325,000 $3,678 3.11%
HUNTSVILLE, AL 5 $2,245,000 $449,000 $4,337 2.25%
WORCESTER, MA-CT 8 $2,190,000 $273,750 $5,032 3.27%
MILWAUKEE-WAUKESHA, WI 9 $2,175,000 $241,667 $2,200 2.99%
YAKIMA, WA 6 $2,120,000 $353,333 $3,711 2.90%
KAHULUI-WAILUKU-LAHAINA, HI 4 $2,110,000 $527,500 $4,423 2.41%
DAYTON-KETTERING, OH 13 $2,105,000 $161,923 $4,386 3.03%
KNOXVILLE, TN 9 $1,995,000 $221,667 $3,939 3.06%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 11 $1,995,000 $181,364 $5,074 3.31%
MEDFORD, OR 6 $1,920,000 $320,000 $4,509 3.21%
DAPHNE-FAIRHOPE-FOLEY, AL 11 $1,795,000 $163,182 $5,665 4.36%
RALEIGH-CARY, NC 6 $1,720,000 $286,667 $4,984 2.52%
YUBA CITY, CA 7 $1,655,000 $236,429 $4,173 3.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 6 $1,640,000 $273,333 $4,193 2.90%
TOLEDO, OH 10 $1,570,000 $157,000 $4,626 3.04%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 3 $1,555,000 $518,333 $4,504 2.75%
SAN ANTONIO-NEW BRAUNFELS, TX 5 $1,545,000 $309,000 $11,020 2.95%
WARREN-TROY-FARMINGTON HILLS, MI 4 $1,530,000 $382,500 $5,359 2.25%
MERCED, CA 6 $1,500,000 $250,000 $3,488 3.33%
DURHAM-CHAPEL HILL, NC 5 $1,495,000 $299,000 $4,477 2.68%
EUGENE-SPRINGFIELD, OR 5 $1,405,000 $281,000 $5,305 2.83%
NEW BERN, NC 5 $1,375,000 $275,000 $3,120 2.25%
FAYETTEVILLE, NC 8 $1,370,000 $171,250 $4,001 3.28%
WILMINGTON, NC 5 $1,345,000 $269,000 $2,994 2.48%
SALISBURY, MD-DE 5 $1,335,000 $267,000 $6,305 3.07%
CLARKSVILLE, TN-KY 4 $1,330,000 $332,500 $3,140 2.25%
COLUMBUS, GA-AL 8 $1,320,000 $165,000 $4,602 2.34%
KENNEWICK-RICHLAND, WA 5 $1,305,000 $261,000 $3,002 2.85%
WARNER ROBINS, GA 5 $1,295,000 $259,000 $7,379 3.38%
CHICO, CA 4 $1,280,000 $320,000 $4,742 3.22%
PENSACOLA-FERRY PASS-BRENT, FL 7 $1,235,000 $176,429 $4,525 3.14%
HILTON HEAD ISLAND-BLUFFTON, SC 4 $1,140,000 $285,000 $4,068 2.41%
SALEM, OR 5 $1,125,000 $225,000 $5,170 3.03%
LAKE HAVASU CITY-KINGMAN, AZ 4 $1,110,000 $277,500 $3,751 2.94%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 6 $1,100,000 $183,333 $5,498 3.96%
MADERA, CA 5 $1,065,000 $213,000 $4,281 3.45%
TALLAHASSEE, FL 9 $1,065,000 $118,333 $5,499 4.08%
CANTON-MASSILLON, OH 5 $1,065,000 $213,000 $6,894 3.43%
CHATTANOOGA, TN-GA 5 $1,025,000 $205,000 $6,089 3.33%
CAMDEN, NJ 5 $1,015,000 $203,000 $5,652 2.90%
WINSTON-SALEM, NC 5 $965,000 $193,000 $3,543 3.18%
GAINESVILLE, FL 5 $965,000 $193,000 $7,025 3.50%
ALBANY, GA 8 $930,000 $116,250 $3,971 2.80%
DETROIT-DEARBORN-LIVONIA, MI 4 $920,000 $230,000 $5,059 2.93%
MEMPHIS, TN-MS-AR 2 $900,000 $450,000 $2,590 2.44%
GREAT FALLS, MT 5 $875,000 $175,000 $4,559 3.25%
BIRMINGHAM-HOOVER, AL 3 $855,000 $285,000 $3,548 2.88%
MACON-BIBB COUNTY, GA 5 $825,000 $165,000 $7,093 3.95%
ATHENS-CLARKE COUNTY, GA 3 $805,000 $268,333 $6,139 3.04%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 3 $785,000 $261,667 $4,546 2.88%
SPRINGFIELD, OH 5 $785,000 $157,000 $5,311 3.48%
TUCSON, AZ 3 $775,000 $258,333 $6,601 2.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 3 $745,000 $248,333 $3,628 3.33%
DECATUR, AL 2 $730,000 $365,000 $3,633 2.25%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 2 $730,000 $365,000 $3,516 2.25%
HINESVILLE, GA 9 $705,000 $78,333 $4,327 2.89%
HOMOSASSA SPRINGS, FL 3 $685,000 $228,333 $6,961 2.79%
SEBRING-AVON PARK, FL 3 $655,000 $218,333 $7,046 2.96%
SHREVEPORT-BOSSIER CITY, LA 2 $650,000 $325,000 $4,025 2.25%
GREENSBORO-HIGH POINT, NC 3 $645,000 $215,000 $3,366 2.67%
GRAND RAPIDS-KENTWOOD, MI 2 $630,000 $315,000 $4,025 2.75%
HARRISBURG-CARLISLE, PA 3 $625,000 $208,333 $4,080 3.04%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 3 $605,000 $201,667 $3,920 3.21%
PORT ST. LUCIE, FL 3 $555,000 $185,000 $5,188 2.79%
VALDOSTA, GA 3 $525,000 $175,000 $3,880 3.25%
LAS CRUCES, NM 3 $525,000 $175,000 $4,602 3.25%
EAST STROUDSBURG, PA 2 $520,000 $260,000 $5,422 3.06%
LANCASTER, PA 2 $500,000 $250,000 $4,257 2.88%
ATLANTIC CITY-HAMMONTON, NJ 2 $500,000 $250,000 $6,845 2.94%
READING, PA 2 $500,000 $250,000 $6,664 3.50%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 3 $485,000 $161,667 $5,171 3.08%
YORK-HANOVER, PA 1 $485,000 $485,000 $4,995 3.13%
FLAGSTAFF, AZ 2 $480,000 $240,000 $4,392 3.75%
MONTGOMERY, AL 2 $470,000 $235,000 $4,840 3.00%
WALLA WALLA, WA 1 $465,000 $465,000 $14,448 3.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN 2 $460,000 $230,000 $5,282 3.50%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 1 $445,000 $445,000 $21,498 2.25%
THE VILLAGES, FL 2 $440,000 $220,000 $5,784 2.94%
ALBUQUERQUE, NM 2 $440,000 $220,000 $3,364 3.19%
YUMA, AZ 2 $440,000 $220,000 $4,153 2.69%
LEBANON, PA 1 $435,000 $435,000 $5,496 3.25%
CLEVELAND, TN 1 $425,000 $425,000 $2,590 2.25%
IDAHO FALLS, ID 1 $425,000 $425,000 $6,253 2.25%
TRENTON-PRINCETON, NJ 1 $415,000 $415,000 $3,434 3.25%
EL CENTRO, CA 2 $410,000 $205,000 $4,623 3.19%
NEW ORLEANS-METAIRIE, LA 2 $380,000 $190,000 $6,412 3.25%
NEW HAVEN-MILFORD, CT 1 $345,000 $345,000 $4,610 2.63%
MOBILE, AL 2 $330,000 $165,000 $4,877 3.25%
DALTON, GA 2 $320,000 $160,000 $3,149 4.19%
LIMA, OH 2 $320,000 $160,000 $6,583 2.88%
SANTA FE, NM 1 $305,000 $305,000 $3,300 3.75%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 1 $305,000 $305,000 $3,606 2.38%
GRAND JUNCTION, CO 1 $305,000 $305,000 $2,450 3.38%
OCALA, FL 1 $305,000 $305,000 $13,570 3.13%
PITTSBURGH, PA 2 $290,000 $145,000 $4,204 2.63%
PORTLAND-SOUTH PORTLAND, ME 1 $275,000 $275,000 $3,480 3.25%
LEWISTON, ID-WA 1 $275,000 $275,000 $5,608 3.38%
GREENVILLE, NC 1 $265,000 $265,000 $5,237 2.25%
BARNSTABLE TOWN, MA 1 $265,000 $265,000 $2,630 3.00%
BRUNSWICK, GA 1 $235,000 $235,000 $3,448 3.13%
WHEELING, WV-OH 1 $215,000 $215,000 $7,940 3.63%
GOLDSBORO, NC 1 $215,000 $215,000 $3,014 3.13%
PANAMA CITY, FL 1 $195,000 $195,000 $8,038 4.38%
SEBASTIAN-VERO BEACH, FL 1 $185,000 $185,000 $3,212 3.25%
LONGVIEW, TX 1 $185,000 $185,000 $2,423 3.75%
JACKSON, TN 1 $175,000 $175,000 $2,505 2.25%
JACKSONVILLE, NC 1 $165,000 $165,000 $3,360 2.25%
SHERMAN-DENISON, TX 1 $165,000 $165,000 $4,358 4.13%
LONGVIEW, WA 1 $155,000 $155,000 $2,265 2.25%
WACO, TX 1 $135,000 $135,000 $3,698 2.63%
KILLEEN-TEMPLE, TX 1 $135,000 $135,000 $3,515 2.75%
NILES, MI 1 $135,000 $135,000 $6,654 3.65%
MONROE, MI 1 $85,000 $85,000 $3,281 2.88%

Lendus 's top markets include Oakland, Los Angeles, Seattle, Anaheim, and Columbus among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 10,257 $3,754,485,000 $366,041
2.5-3% 6,980 $2,610,320,000 $373,971
<2.5% 1,469 $482,945,000 $328,758
4-5% 1,141 $332,385,000 $291,310
7-8% 88 $510,000 $5,795
5-6% 83 $23,585,000 $284,157
6-7% 6 $5,290,000 $881,667

During 2020, Lendus 's average interest rate was 3.26%, while their most frequently originated rate bucket was 3-4%, with 10,257 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 7,631 $2,246,555,000 $294,399 $5,183 3.19%
$400k-600k 4,495 $2,177,825,000 $484,499 $5,385 3.18%
$100k-200k 4,373 $671,225,000 $153,493 $4,937 3.30%
$600k-1MM 1,988 $1,441,020,000 $724,859 $7,913 3.24%
$100,000 or less 1,070 $65,450,000 $61,168 $3,194 3.39%
$1MM+ 467 $607,445,000 $1,300,739 $10,167 3.23%

2020 saw Lendus place emphasis on $200k-400k loans with 7,631 originations, totaling $2,246,555,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 4,101 $1,541,065,000 $375,778 $5,262 3.23%
$150k-250k 3,965 $1,942,045,000 $489,797 $5,650 3.24%
$50k-75k 3,419 $729,055,000 $213,236 $5,442 3.28%
$75k-100k 2,824 $818,580,000 $289,865 $5,303 3.24%
$50k or less 2,598 $365,720,000 $140,770 $5,072 3.33%
$250k+ 2,102 $1,428,760,000 $679,715 $6,688 3.25%

Lendus lent most frequently to those with incomes in the $100k-150k range, with 4,101 originations. The second most popular income band? $150k-250k, with 3,965 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 4,460 $1,701,400,000 $381,480 $4,911 3.19%
30-36% 3,659 $1,367,125,000 $373,634 $5,289 3.27%
<20% 1,587 $556,105,000 $350,413 $4,481 3.13%
44% 791 $239,645,000 $302,965 $5,690 3.36%
42% 726 $281,160,000 $387,273 $6,098 3.33%
40% 710 $264,860,000 $373,042 $5,621 3.31%
43% 702 $222,550,000 $317,023 $5,643 3.35%
37% 698 $267,740,000 $383,582 $5,697 3.31%
39% 697 $265,885,000 $381,471 $6,043 3.33%
38% 679 $245,425,000 $361,451 $5,466 3.29%
50-60% 672 $168,380,000 $250,565 $8,849 3.19%
41% 670 $246,840,000 $368,418 $5,787 3.34%
36% 660 $243,950,000 $369,621 $5,526 3.27%
49% 560 $188,210,000 $336,089 $6,200 3.27%
45% 485 $158,515,000 $326,835 $5,674 3.31%
47% 466 $150,140,000 $322,189 $6,010 3.33%
46% 448 $147,140,000 $328,438 $5,864 3.26%
48% 445 $145,595,000 $327,180 $6,125 3.36%
>60% 21 $11,895,000 $566,429 $10,469 2.72%

Lendus lent most frequently to those with DTI ratios of 20-30%, with 4,460 originations. The next most common DTI ratio? 30-36%, with 3,659 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 12,987 $4,433,575,000 $341,386 $5,389 3.24%
Not provided 4,786 $2,055,290,000 $429,438 $5,298 3.16%
Asian 618 $290,280,000 $469,709 $5,992 3.20%
Black 1,321 $289,485,000 $219,141 $6,342 3.38%
Asian Indian 66 $32,660,000 $494,848 $5,681 3.09%
American Indian 74 $28,820,000 $389,459 $6,178 3.26%
Filipino 47 $20,295,000 $431,809 $7,146 3.14%
Chinese 28 $14,480,000 $517,143 $6,293 3.12%
Other Asian 28 $13,230,000 $472,500 $6,440 3.11%
Korean 15 $9,115,000 $607,667 $5,854 3.22%
Japanese 20 $8,530,000 $426,500 $4,661 3.14%
Native Hawaiian 18 $7,230,000 $401,667 $5,851 3.18%
Vietnamese 10 $4,950,000 $495,000 $6,958 3.25%
Samoan 1 $705,000 $705,000 $9,918 3.13%
Native Hawiian 1 $475,000 $475,000 $1,923 2.25%
Other Pacific Islander 4 $400,000 $100,000 $3,565 2.66%

Approval Rates

Total approvals of all applications
96.41%

Lendus has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
70.78%

Lendus has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 20,024 $7,209,520,000 $360,044

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 152 $26,840,000 $176,579
Single Family (1-4 Units):Site-Built 19,872 $7,182,680,000 $361,447

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,308 $434,640,000 $332,294 $4,365 3.10%
40-60% 3,725 $1,554,695,000 $417,368 $4,349 3.14%
60-80% 6,395 $2,735,965,000 $427,829 $5,134 3.26%
80-100% 7,972 $2,366,010,000 $296,790 $6,383 3.27%
Over 100% 217 $76,015,000 $350,300 $14,445 3.07%
Under 20% 407 $42,195,000 $103,673 $1,647 3.11%