Lhm Financial Corporation Mortgage Rates, Fees & Info

PHOENIX, AZ

LEI: 549300TZUUEG8RUJI536

Tax ID: 86-0741955

2.2 stars - Updated: 2/19/24 - out of 5 stars, based on 36 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Lhm Financial Corporation is a smaller mortgage company specializing in Home Purchase loans. Lhm Financial Corporation 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 by origination volume include: Phoenix, Dallas, New Orleans, Flagstaff, and Prescott Valley among others. We have data for 52 markets. (Some data included below & more in-depth data is available with an active subscription.)

Lhm Financial Corporation 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. Lhm Financial Corporation 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.93% 2/19/24
30 Year Conventional Refi 6.57% 2/19/24
30 Year Cash-out Refi 6.85% 2/19/24
30 Year FHA Purchase 7.54% 2/19/24
30 Year FHA Refi 7.44% 2/19/24
30 Year VA Purchase 6.41% 2/19/24
30 Year VA Refi 6.22% 2/19/24
30 Year USDA Purchase 6.88% 2/19/24
30 Year USDA Refi 6.27% 2/19/24
15 Year Conventional Purchase 6.10% 2/19/24
15 Year Conventional Refi 6.13% 2/19/24
15 Year Cash-out Refi 6.13% 2/19/24
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.

Lhm Financial Corporation Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Lhm Financial Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,274

Origination Dollar Volume (All Markets)

$411,340,000

Awards

LHM FINANCIAL CORPORATION FHA Loans bronze
Show all (1) awards

Relative Rate

Lhm Financial Corporation's average 30 year fixed mortgage rate was 4.96%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.2%.

Relative Fees (Closing Costs)

Lhm Financial Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $8,756.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 437 $157,585,000 $360,606 $8,531 4.74%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 324 $107,070,000 $330,463 $9,172 5.20%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 121 $29,975,000 $247,727 $8,085 4.84%
FLAGSTAFF, AZ (FHA|USDA|VA) 62 $24,390,000 $393,387 $8,251 4.46%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 63 $21,045,000 $334,048 $9,880 4.99%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 56 $15,800,000 $282,143 $9,181 5.24%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 24 $5,080,000 $211,667 $7,070 5.04%
HAMMOND, LA (FHA|USDA|VA) 25 $4,905,000 $196,200 $6,857 4.60%
TUCSON, AZ (FHA|USDA|VA) 17 $4,515,000 $265,588 $7,929 4.57%
Outside of Metro Areas 15 $3,765,000 $251,000 $7,215 4.98%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $3,595,000 $513,571 $14,462 4.70%
Safford, AZ (FHA|USDA|VA) 14 $3,500,000 $250,000 $7,139 4.93%
BATON ROUGE, LA (FHA|USDA|VA) 15 $2,855,000 $190,333 $7,618 4.76%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $2,530,000 $421,667 $8,492 4.33%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 8 $1,930,000 $241,250 $6,947 5.44%
Bogalusa, LA (FHA|USDA|VA) 11 $1,825,000 $165,909 $5,884 4.74%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,720,000 $860,000 $5,531 3.37%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 6 $1,690,000 $281,667 $8,702 4.90%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $1,615,000 $323,000 $12,628 4.48%
Granbury, TX (FHA|USDA|VA) 5 $1,395,000 $279,000 $10,103 5.53%
LAFAYETTE, LA (FHA|USDA|VA) 6 $1,240,000 $206,667 $7,440 4.17%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,230,000 $615,000 $14,106 3.69%
Gainesville, TX (FHA|USDA|VA) 4 $1,210,000 $302,500 $6,815 5.91%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $1,130,000 $565,000 $10,313 4.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 3 $805,000 $268,333 $7,729 4.70%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $680,000 $340,000 $5,027 5.38%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $645,000 $645,000 $10,580 5.88%
BOULDER, CO (FHA|USDA|VA) 1 $645,000 $645,000 $10,313 6.50%
Show Low, AZ (FHA|USDA|VA) 2 $600,000 $300,000 $9,889 4.88%
STOCKTON, CA (FHA|USDA|VA) 1 $595,000 $595,000 $4,563 4.25%
MONROE, LA (FHA|USDA|VA) 1 $585,000 $585,000 $8,405 5.63%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $390,000 $195,000 $8,832 5.69%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $375,000 $375,000 $12,225 6.25%
BEND, OR (FHA|USDA|VA) 1 $375,000 $375,000 $5,443 4.00%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $365,000 $365,000 $4,682 5.25%
Payson, AZ (FHA|USDA|VA) 1 $355,000 $355,000 $4,225 7.00%
CORVALLIS, OR (FHA|USDA|VA) 1 $335,000 $335,000 $4,468 7.50%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 3 $325,000 $108,333 $4,035 5.21%
FRESNO, CA (FHA|USDA|VA) 1 $315,000 $315,000 $8,429 5.62%
Durant, OK (FHA|USDA|VA) 1 $285,000 $285,000 $6,474 5.99%
Athens, TX (FHA|USDA|VA) 2 $260,000 $130,000 $5,361 3.94%
VICTORIA, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 7.13%
YUMA, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $9,372 5.99%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $235,000 $235,000 $8,219 5.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $7,097 4.50%
EL PASO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,171 5.50%
AMARILLO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $7,743 5.25%
ABILENE, TX (FHA|USDA|VA) 2 $150,000 $75,000 $5,265 5.81%
Corsicana, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,780 5.63%
SAN ANGELO, TX (FHA|USDA|VA) 1 $105,000 $105,000 $6,708 4.25%
Morgan City, LA (FHA|USDA|VA) 1 $85,000 $85,000 $6,022 4.63%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $75,000 $75,000 $2,379 5.00%
Lhm Financial Corporation's top markets include Phoenix, Dallas, New Orleans, Flagstaff, and Prescott Valley among others.

Their top states include:
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against LHM FINANCIAL CORPORATION 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 814 $272,570,000 $334,853 $7,143 4.95%
    FHA 316 $85,940,000 $271,962 $10,766 4.99%
    VA 127 $49,615,000 $390,669 $12,754 4.57%
    USDA 17 $3,215,000 $189,118 $6,826 4.37%

    For 2022, Lhm Financial Corporation's most frequently originated type of loan was Conventional, with 814 originations. Their 2nd most popular type was FHA, with 316 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 971 $328,345,000 $338,151 $9,383 5.06%
    Cash Out Refi 236 $63,690,000 $269,873 $6,292 4.61%
    Refi 67 $19,305,000 $288,134 $5,287 3.89%

    For 2022, Lhm Financial Corporation's most frequently cited loan purpose was Home Purchase, with 971 originations. The 2nd most popular reason was Cash Out Refi, with 236 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,209 $395,915,000 $327,473 $8,756 4.96%
    15 Year 30 $6,230,000 $207,667 $5,028 3.61%
    20 Year 22 $4,610,000 $209,545 $5,174 4.63%
    30+ year 8 $3,380,000 $422,500 $8,933 5.00%
    10 Year 3 $375,000 $125,000 $4,205 3.38%
    Other 2 $830,000 $415,000 $5,235 3.44%

    For 2022, Lhm Financial Corporation's most frequently cited loan duration was 30 Year, with 1,209 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 444 $135,370,000 $304,887
    $5k+ 253 $111,435,000 $440,455
    $2k-3k 209 $54,405,000 $260,311
    $3k-4k 167 $46,185,000 $276,557
    $4k-5k 137 $43,595,000 $318,212
    $<1k 64 $20,350,000 $317,969

    Lhm Financial Corporation's average total fees were $8,756, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 444 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 404 $127,090,000 $314,579
    4-5% 343 $114,065,000 $332,551
    3-4% 308 $102,110,000 $331,526
    6-7% 152 $46,550,000 $306,250
    7-8% 36 $11,640,000 $323,333
    2.5-3% 25 $6,555,000 $262,200
    Over 8% 3 $2,345,000 $781,667
    <2.5% 3 $985,000 $328,333

    During 2022, Lhm Financial Corporation's average interest rate for loans was 4.96%, while their most frequently originated rate bucket for loans was 5-6%, with 404 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 664 $196,940,000 $296,596 $8,557 4.91%
    $100k-200k 273 $43,355,000 $158,810 $5,814 4.91%
    $400k-600k 218 $104,140,000 $477,706 $10,742 4.93%
    $600k-1MM 75 $51,515,000 $686,867 $13,529 4.98%
    $100,000 or less 34 $2,770,000 $81,471 $4,044 4.79%
    $1MM+ 10 $12,620,000 $1,262,000 $17,275 4.50%

    2022 saw Lhm Financial Corporation place emphasis on $200k-400k loans with 664 originations, totaling $196,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 326 $119,480,000 $366,503 $9,693 5.00%
    $50k-75k 307 $76,715,000 $249,886 $7,620 4.72%
    $75k-100k 271 $80,725,000 $297,878 $8,834 5.06%
    $150k-250k 173 $74,875,000 $432,803 $9,620 5.12%
    $50k or less 125 $19,405,000 $155,240 $5,894 4.65%
    $250k+ 65 $38,555,000 $593,154 $9,601 4.85%

    Lhm Financial Corporation lent most frequently to those with incomes in the $100k-150k range, with 326 originations. The second most popular income band? $50k-75k, with 307 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 187 $60,275,000 $322,326 $8,093 4.83%
    20-30% 151 $42,915,000 $284,205 $6,667 4.63%
    50-60% 146 $46,960,000 $321,644 $12,045 4.95%
    49% 76 $24,700,000 $325,000 $8,721 5.01%
    44% 71 $21,895,000 $308,380 $8,362 5.03%
    45% 65 $22,075,000 $339,615 $8,742 5.01%
    41% 61 $20,775,000 $340,574 $8,547 4.93%
    42% 59 $20,795,000 $352,458 $8,136 5.08%
    40% 53 $16,855,000 $318,019 $8,733 4.92%
    43% 53 $17,185,000 $324,245 $7,024 5.19%
    39% 52 $16,600,000 $319,231 $8,481 4.88%
    48% 49 $14,715,000 $300,306 $9,334 5.16%
    37% 44 $15,270,000 $347,045 $8,194 4.98%
    47% 44 $15,640,000 $355,455 $9,389 4.82%
    46% 43 $14,115,000 $328,256 $8,712 5.04%
    38% 41 $13,715,000 $334,512 $7,794 4.91%
    36% 40 $14,690,000 $367,250 $8,575 4.92%
    <20% 33 $10,415,000 $315,606 $7,373 4.66%
    >60% 4 $1,440,000 $360,000 $10,823 5.19%

    Lhm Financial Corporation lent most frequently to those with DTI ratios of 30-36%, with 187 originations. The next most common DTI ratio? 20-30%, with 151 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 939 $301,555,000 $321,145 $8,244 4.92%
    Not provided 164 $52,940,000 $322,805 $9,410 4.83%
    Black 97 $29,085,000 $299,845 $9,987 4.92%
    Asian 44 $18,870,000 $428,864 $9,450 4.93%
    American Indian 22 $6,210,000 $282,273 $7,980 4.91%
    Native Hawaiian or Islander 7 $2,185,000 $312,143 $11,361 5.48%
    Vietnamese 1 $495,000 $495,000 $22,090 5.50%

    Approval Rates

    Total approvals of all applications
    93.34%

    Lhm Financial Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    46.08%

    Lhm Financial Corporation 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 1,274 $411,340,000 $322,873

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,274 $411,340,000 $322,873

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 62 $11,050,000 $178,226 $5,293 4.78%
    40-60% 136 $36,350,000 $267,279 $5,914 4.75%
    60-80% 320 $108,150,000 $337,969 $7,412 4.80%
    80-100% 721 $242,045,000 $335,707 $9,468 5.03%
    Over 100% 31 $13,385,000 $431,774 $19,560 4.46%
    Under 20% 3 $285,000 $95,000 $4,273 4.25%