Lhm Financial Corporation Mortgage Rates, Fees & Info
PHOENIX, AZLEI: 549300TZUUEG8RUJI536
Tax ID: 86-0741955
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Mortgage Data
Review & 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 by origination volume include: Phoenix, Dallas, Prescott Valley, Flagstaff, and New Orleans among others. We have data for 69 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 an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.08% | 12/4/22 |
| 30 Year Conventional Refi | 6.81% | 12/4/22 |
| 30 Year Cash-out Refi | 7.04% | 12/4/22 |
| 30 Year FHA Purchase | 7.77% | 12/4/22 |
| 30 Year FHA Refi | 7.35% | 12/4/22 |
| 30 Year VA Purchase | 6.62% | 12/4/22 |
| 30 Year VA Refi | 6.29% | 12/4/22 |
| 30 Year USDA Purchase | 6.99% | 12/4/22 |
| 30 Year USDA Refi | 6.82% | 12/4/22 |
| 15 Year Conventional Purchase | 6.19% | 12/4/22 |
| 15 Year Conventional Refi | 6.09% | 12/4/22 |
| 15 Year Cash-out Refi | 6.09% | 12/4/22 |
| 15 Year FHA Purchase | 5.76% | 12/4/22 |
| 15 Year FHA Refi | 6.57% | 12/4/22 |
| 15 Year VA Purchase | 5.99% | 12/4/22 |
| 15 Year VA Refi | 6.00% | 12/4/22 |
| 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. | ||
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 mortgage rate was
3.18%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.03%.
Relative Fees (Closing Costs)
Lhm Financial Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,849.
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) | 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% |
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
For 2021, Lhm Financial Corporation's most frequently originated type of loan was Conventional, with 2,182 originations. Their 2nd most popular type was FHA, with 469 originations.
Loan Reason
For 2021, Lhm Financial Corporation's most frequently cited loan purpose was Home Purchase, with 1,615 originations. The 2nd most popular reason was Refi, with 748 originations.
Loan Duration/Length
For 2021, Lhm Financial Corporation's most frequently cited loan duration was 30 Year, with 2,707 originations. The 2nd most popular length was 15 Year, with 184 originations.
Origination Fees/Closing Costs
Lhm Financial Corporation's average total fees were $5,849, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,889 originations.
Interest Rates
During 2021, Lhm Financial Corporation's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 3-4%, with 1,518 originations.
Loan Sizing
2021 saw Lhm Financial Corporation place emphasis on $200k-400k loans with 1,657 originations, totaling $471,395,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications95.14%
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 origination60.55%
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 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| LHM Financial | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |
