Lhm Financial Corporation Mortgage Rates, Fees & Info

PHOENIX, AZ

LEI: 549300TZUUEG8RUJI536

Tax ID: 86-0741955

3.8 stars - out of 5 stars, based on 55 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

3,009

Origination Dollar Volume (All Markets)

$879,515,000

Awards

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

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 applications
95.43%

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 origination
62.77%

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%