Lhm Financial Corporation Mortgage Rates, Fees & Info
PHOENIX, AZLEI: 549300TZUUEG8RUJI536
Tax ID: 86-0741955
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Lhm Financial Corporation is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi 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 include Phoenix, Dallas, Prescott Valley, Flagstaff, and New Orleans among others. Lhm Financial Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Lhm Financial Corporation is typically an average fee lendor.Originations
3,009Origination Dollar Volume (All Markets)
$879,515,000Awards
LHM FINANCIAL CORPORATION - 2021
LHM FINANCIAL CORPORATION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Lhm Financial Corporation's average 30 year fixed rate mortgage of loans were
3.18%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.03%.
Relative Fees
Lhm Financial Corporation's average total fees for a 30 year fixed rate
mortgage are $5,849.
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 $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1,278 | $384,650,000 | $300,978 | $5,151 | 3.14% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 645 | $186,395,000 | $288,984 | $6,104 | 3.17% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 249 | $75,615,000 | $303,675 | $6,516 | 3.15% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 159 | $56,505,000 | $355,377 | $5,340 | 3.27% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 209 | $51,185,000 | $244,904 | $6,100 | 3.10% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 48 | $13,970,000 | $291,042 | $6,780 | 3.26% |
| TUCSON, AZ (FHA|USDA|VA) | 50 | $12,010,000 | $240,200 | $4,628 | 3.12% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 29 | $11,365,000 | $391,897 | $9,104 | 2.92% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 32 | $7,290,000 | $227,813 | $6,138 | 3.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 16 | $6,580,000 | $411,250 | $5,027 | 3.15% |
| BATON ROUGE, LA (FHA|USDA|VA) | 28 | $5,930,000 | $211,786 | $5,870 | 3.06% |
| HAMMOND, LA (FHA|USDA|VA) | 29 | $5,515,000 | $190,172 | $5,486 | 3.03% |
| Outside of Metro Areas | 19 | $5,155,000 | $271,316 | $5,939 | 3.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $4,885,000 | $697,857 | $11,080 | 2.96% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 10 | $4,450,000 | $445,000 | $5,017 | 3.22% |
| Safford, AZ (FHA|USDA|VA) | 23 | $4,225,000 | $183,696 | $4,793 | 2.86% |
| LAFAYETTE, LA (FHA|USDA|VA) | 16 | $3,040,000 | $190,000 | $5,533 | 3.17% |
| Show Low, AZ (FHA|USDA|VA) | 11 | $2,945,000 | $267,727 | $5,334 | 3.10% |
| Granbury, TX (FHA|USDA|VA) | 8 | $2,520,000 | $315,000 | $6,204 | 3.16% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 9 | $2,515,000 | $279,444 | $3,491 | 2.97% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $2,485,000 | $828,333 | $5,329 | 3.29% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 15 | $2,475,000 | $165,000 | $4,328 | 3.27% |
| STOCKTON, CA (FHA|USDA|VA) | 6 | $2,410,000 | $401,667 | $5,281 | 3.33% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $2,290,000 | $381,667 | $4,867 | 3.04% |
| Bogalusa, LA (FHA|USDA|VA) | 13 | $2,185,000 | $168,077 | $6,874 | 3.01% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $1,635,000 | $327,000 | $7,168 | 3.27% |
| Payson, AZ (FHA|USDA|VA) | 6 | $1,390,000 | $231,667 | $3,698 | 2.75% |
| Picayune, MS (FHA|USDA|VA) | 7 | $1,295,000 | $185,000 | $6,777 | 3.32% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $1,290,000 | $645,000 | $7,202 | 3.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $1,210,000 | $151,250 | $5,526 | 3.02% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $3,947 | 2.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $5,338 | 3.25% |
| Athens, TX (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $8,081 | 2.88% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $5,135 | 3.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $3,507 | 2.13% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $6,904 | 3.18% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $8,130 | 3.08% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,162 | 2.56% |
| Bonham, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $4,963 | 3.08% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,258 | 2.81% |
| Nacogdoches, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,855 | 3.06% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $6,081 | 3.12% |
| Elk City, OK (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,603 | 3.13% |
| MUSKEGON, MI (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,517 | 3.62% |
| WACO, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,320 | 2.13% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,049 | 2.99% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,354 | 2.69% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,466 | 3.99% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,448 | 2.75% |
| REDDING, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,634 | 2.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,247 | 3.50% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,241 | 2.99% |
| Rockport, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,100 | 3.50% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,909 | 2.25% |
| TYLER, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,087 | 2.75% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,751 | 3.75% |
| Brookings, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,151 | 2.63% |
| FLINT, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,450 | 2.75% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,041 | 2.75% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,956 | 2.63% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,829 | 3.75% |
| Palestine, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,651 | 2.75% |
| TULSA, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,775 | 3.63% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,017 | 3.63% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,827 | 3.25% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,491 | 3.75% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,287 | 3.75% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,104 | 3.99% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,335 | 3.25% |
Lhm Financial Corporation's top markets include Phoenix, Dallas, Prescott Valley, Flagstaff, and New Orleans among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 2,183 | $653,665,000 | $299,434 | $4,679 | 3.21% |
| FHA | 469 | $118,765,000 | $253,230 | $9,014 | 3.08% |
| VA | 308 | $97,910,000 | $317,890 | $7,381 | 2.75% |
| USDA | 49 | $9,175,000 | $187,245 | $5,870 | 2.84% |
For the 2021 period, Lhm Financial Corporation's most frequently originated loan type of loans were Conventional, with 2,183 originations. Their 2nd most popular type is FHA, with 469 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,615 | $504,555,000 | $312,418 | $6,949 | 3.21% |
| Refi | 748 | $194,050,000 | $259,425 | $3,597 | 2.92% |
| Cash Out Refi | 646 | $180,910,000 | $280,046 | $4,786 | 3.23% |
For the 2021, Lhm Financial Corporation's most frequently cited loan purpose of loans were Home Purchase, with 1,615 originations. The 2nd most popular reason of loans were Refi, with 748 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 2,707 | $807,575,000 | $298,328 | $5,849 | 3.18% |
| 15 Year | 184 | $43,280,000 | $235,217 | $3,663 | 2.61% |
| 20 Year | 81 | $19,695,000 | $243,148 | $3,740 | 3.04% |
| Other | 16 | $3,570,000 | $223,125 | $3,573 | 2.95% |
| 10 Year | 11 | $2,455,000 | $223,182 | $3,030 | 2.34% |
| 30+ year | 9 | $2,895,000 | $321,667 | $9,400 | 4.64% |
| 5 Year | 1 | $45,000 | $45,000 | $1,010 | 4.00% |
For the 2021, Lhm Financial Corporation's most frequently cited loan length of loans were 30 Year, with 2,707 originations. The 2nd most popular length of loans were 15 Year, with 184 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,889 | $538,225,000 | $284,926 |
| $2k-3k | 393 | $110,505,000 | $281,183 |
| $3k-4k | 323 | $98,525,000 | $305,031 |
| $<1k | 240 | $61,520,000 | $256,333 |
| $5k+ | 161 | $69,885,000 | $434,068 |
$5,849 of loans were Lhm Financial Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,889 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,518 | $455,210,000 | $299,875 |
| 2.5-3% | 1,100 | $315,870,000 | $287,155 |
| <2.5% | 281 | $76,735,000 | $273,078 |
| 4-5% | 108 | $31,000,000 | $287,037 |
| 5-6% | 2 | $700,000 | $350,000 |
During 2021, Lhm Financial Corporation's average interest rate of loans were 3.18%, while their most frequently originated rate bucket of loans were 3-4%, with 1,518 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,657 | $471,395,000 | $284,487 | $5,888 | 3.16% |
| $100k-200k | 732 | $115,900,000 | $158,333 | $4,302 | 3.10% |
| $400k-600k | 492 | $236,160,000 | $480,000 | $6,582 | 3.14% |
| $100,000 or less | 68 | $5,410,000 | $79,559 | $3,192 | 3.08% |
| $600k-1MM | 44 | $31,830,000 | $723,409 | $8,496 | 3.17% |
| $1MM+ | 16 | $18,820,000 | $1,176,250 | $15,174 | 3.05% |
2021 saw Lhm Financial Corporation place emphasis on $200k-400k loans with 1,657 originations, totaling $471,395,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 738 | $180,530,000 | $244,621 | $5,533 | 3.13% |
| $100k-150k | 643 | $212,965,000 | $331,205 | $5,937 | 3.17% |
| $75k-100k | 554 | $158,040,000 | $285,271 | $5,800 | 3.15% |
| $50k or less | 483 | $89,135,000 | $184,545 | $4,971 | 3.07% |
| $150k-250k | 406 | $156,040,000 | $384,335 | $5,943 | 3.19% |
| $250k+ | 146 | $72,020,000 | $493,288 | $6,181 | 3.20% |
Lhm Financial Corporation lent most frequently to those with incomes in the $50k-75k range, with 738 originations. The second most popular income band? $100k-150k, with 643 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 533 | $152,275,000 | $285,694 | $4,817 | 3.07% |
| 30-36% | 506 | $146,540,000 | $289,605 | $5,189 | 3.17% |
| 50-60% | 173 | $50,575,000 | $292,341 | $8,739 | 3.03% |
| 44% | 164 | $49,120,000 | $299,512 | $5,670 | 3.23% |
| <20% | 163 | $47,515,000 | $291,503 | $4,430 | 2.97% |
| 42% | 123 | $38,715,000 | $314,756 | $5,971 | 3.22% |
| 43% | 121 | $36,255,000 | $299,628 | $5,762 | 3.27% |
| 49% | 118 | $34,630,000 | $293,475 | $5,717 | 3.19% |
| 40% | 116 | $33,240,000 | $286,552 | $6,061 | 3.27% |
| 38% | 112 | $33,800,000 | $301,786 | $5,722 | 3.18% |
| 36% | 108 | $31,140,000 | $288,333 | $5,493 | 3.14% |
| 39% | 108 | $30,170,000 | $279,352 | $5,574 | 3.19% |
| 41% | 107 | $32,385,000 | $302,664 | $6,178 | 3.24% |
| 45% | 106 | $32,140,000 | $303,208 | $5,959 | 3.19% |
| 37% | 104 | $28,920,000 | $278,077 | $5,692 | 3.27% |
| 48% | 97 | $29,825,000 | $307,474 | $6,828 | 3.18% |
| 47% | 94 | $29,220,000 | $310,851 | $6,518 | 3.16% |
| 46% | 87 | $24,265,000 | $278,908 | $5,845 | 3.13% |
| >60% | 6 | $2,230,000 | $371,667 | $9,860 | 2.71% |
Lhm Financial Corporation lent most frequently to those with DTI ratios of 20-30%, with 533 originations. The next most common DTI ratio? 30-36%, with 506 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2,399 | $697,005,000 | $290,540 | $5,458 | 3.14% |
| Not provided | 300 | $90,110,000 | $300,367 | $5,993 | 3.13% |
| Black | 155 | $42,025,000 | $271,129 | $6,981 | 3.15% |
| Asian | 112 | $37,050,000 | $330,804 | $6,403 | 3.20% |
| American Indian | 39 | $12,155,000 | $311,667 | $6,630 | 3.26% |
| Native Hawaiian | 4 | $1,170,000 | $292,500 | $8,188 | 3.28% |
Approval Rates
Total approvals of all applications95.43%
Lhm Financial 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 origination62.77%
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 | 3,009 | $879,515,000 | $292,295 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,009 | $879,515,000 | $292,295 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 143 | $26,255,000 | $183,601 | $3,515 | 2.84% |
| 40-60% | 462 | $119,740,000 | $259,177 | $3,869 | 2.99% |
| 60-80% | 1,022 | $313,890,000 | $307,133 | $4,856 | 3.25% |
| 80-100% | 1,302 | $395,940,000 | $304,101 | $6,894 | 3.16% |
| Over 100% | 43 | $15,635,000 | $363,605 | $15,170 | 2.83% |
| Under 20% | 11 | $1,165,000 | $105,909 | $2,623 | 3.22% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| LHM Financial | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |
