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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.93% | 4/21/24 |
| 30 Year Conventional Refi | 6.57% | 4/21/24 |
| 30 Year Cash-out Refi | 6.85% | 4/21/24 |
| 30 Year FHA Purchase | 7.54% | 4/21/24 |
| 30 Year FHA Refi | 7.44% | 4/21/24 |
| 30 Year VA Purchase | 6.41% | 4/21/24 |
| 30 Year VA Refi | 6.22% | 4/21/24 |
| 30 Year USDA Purchase | 6.88% | 4/21/24 |
| 30 Year USDA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.10% | 4/21/24 |
| 15 Year Conventional Refi | 6.13% | 4/21/24 |
| 15 Year Cash-out Refi | 6.13% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,274Origination Dollar Volume (All Markets)
$411,340,000Awards
LHM FINANCIAL CORPORATION - 2022
LHM FINANCIAL CORPORATION is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
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
2022 saw Lhm Financial Corporation place emphasis on $200k-400k loans with 664 originations, totaling $196,940,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications93.34%
Lhm Financial Corporation has an average approval rate.
Pick Rate
Approvals leading to origination46.08%
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 |