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

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

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Mortgage Data

  • SimulatedRates™
  • 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.

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

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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

    3,009

    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 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%
    Lhm Financial Corporation's top markets include Phoenix, Dallas, Prescott Valley, Flagstaff, and New Orleans among others.

    Their top states include:
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Washington (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.

    Eureka Homestead
    Similarity Rank: 204
    Christian Community Credit Union
    Similarity Rank: 354
    AMOCO
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    GREATER NEW ORLEANS
    Similarity Rank: 543
    First Credit Union
    Similarity Rank: 558
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    America's Mortgage Resource, Inc.
    Similarity Rank: 891
    MYPOINT Credit Union
    Similarity Rank: 924
    JEFFERSON FINANCIAL
    Similarity Rank: 936

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,182 $653,270,000 $299,390 $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%
    HELOC 1 $395,000 $395,000 n/a 6.00%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 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

    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 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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,889 $538,225,000 $284,926
    $2k-3k 393 $110,505,000 $281,183
    $<1k 240 $61,520,000 $256,333
    $3k-4k 198 $58,100,000 $293,434
    $5k+ 161 $69,885,000 $434,068
    $4k-5k 125 $40,425,000 $323,400

    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

    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 for loans was 3.18%, while their most frequently originated rate bucket for loans was 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 or Islander 4 $1,170,000 $292,500 $8,188 3.28%

    Approval Rates

    Total approvals of all applications
    95.14%

    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 origination
    60.55%

    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

    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%