Lendus Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300QU7HWSPH011Y56
Tax ID: 02-0486480
2020 Data | 2019 Data | 2018 Data
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Mortgage 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
20,024Origination Dollar Volume (All Markets)
$7,209,520,000Relative 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 applications96.41%
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 origination70.78%
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% |