Lendsure Mortgage Corp. Rates, Fees & Info
CAMDEN, DELEI: 549300UR5AOWTJJ7KZ64
Tax ID: 47-3566124
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Mortgage Data
Review & Overview
Lendsure Mortgage Corp. is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Lendsure Mortgage Corp. has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Los Angeles, San Diego, Orlando, and Miami among others. We have data for 52 markets. (Some data included below & more in-depth data is available with an active subscription.)Lendsure Mortgage Corp. has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Lendsure Mortgage Corp. 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 relatively high 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 | 8.28% | 12/16/24 |
| 30 Year Conventional Refi | 7.66% | 12/16/24 |
| 30 Year Cash-out Refi | 8.24% | 12/16/24 |
| 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. | ||
Lendsure Mortgage Corp. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
240Origination Dollar Volume (All Markets)
$118,700,000Top 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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 24 | $23,190,000 | $966,250 | $21,180 | 6.16% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 36 | $22,580,000 | $627,222 | $19,234 | 6.10% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 13 | $9,115,000 | $701,154 | $20,457 | 6.04% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 15 | $5,875,000 | $391,667 | $20,842 | 6.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 20 | $5,620,000 | $281,000 | $12,524 | 7.30% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 18 | $4,960,000 | $275,556 | $12,808 | 6.50% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 7 | $4,235,000 | $605,000 | $16,896 | 6.28% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 10 | $3,490,000 | $349,000 | $12,552 | 6.81% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $3,040,000 | $760,000 | $24,754 | 5.97% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $2,890,000 | $481,667 | $13,087 | 6.73% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 9 | $2,685,000 | $298,333 | $9,847 | 6.90% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $2,645,000 | $881,667 | $29,526 | 6.46% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $2,285,000 | $457,000 | $13,919 | 6.62% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $2,225,000 | $317,857 | $12,694 | 6.71% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,935,000 | $645,000 | $22,790 | 6.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,915,000 | $383,000 | $10,942 | 6.80% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $1,790,000 | $447,500 | $10,846 | 6.31% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $1,495,000 | $498,333 | $18,148 | 6.29% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $10,316 | 7.42% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $11,282 | 7.12% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $17,368 | 5.65% |
| Heber, UT (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $18,317 | 5.63% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $20,336 | 5.99% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $16,876 | 6.81% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $11,603 | 6.81% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $15,992 | 7.99% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $13,181 | 7.50% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $17,323 | 7.38% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $31,315 | 5.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $17,099 | 7.75% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $24,930 | 7.99% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $15,502 | 6.75% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $11,501 | 5.99% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $15,185 | 8.13% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $18,861 | 5.63% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $18,171 | 5.25% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,285 | 5.99% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $8,905 | 6.06% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,564 | 7.50% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $14,192 | 6.13% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,967 | 7.38% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,303 | 5.99% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,403 | 6.25% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,864 | 7.63% |
| Key West, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,962 | 6.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,646 | 6.99% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,676 | 5.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,209 | 7.88% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,974 | 6.99% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,867 | 6.13% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,944 | 6.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,190 | 7.87% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 240 | $118,700,000 | $494,583 | $16,127 | 6.49% |
For 2018, Lendsure Mortgage Corp.'s most frequently originated type of loan was Conventional, with 240 originations.
Loan Reason
For 2018, Lendsure Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Cash Out Refi, with 88 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 236 | $114,480,000 | $485,085 | $15,956 | 6.50% |
| 30+ year | 4 | $4,220,000 | $1,055,000 | $26,222 | 5.62% |
For 2018, Lendsure Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 236 originations. The 2nd most popular length was 30+ year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 217 | $112,325,000 | $517,627 |
| $4k-5k | 13 | $3,245,000 | $249,615 |
| $3k-4k | 8 | $1,620,000 | $202,500 |
| $1k-2k | 2 | $1,510,000 | $755,000 |
Lendsure Mortgage Corp.'s average total fees were $15,956, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 217 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 79 | $47,055,000 | $595,633 |
| 6-7% | 75 | $35,085,000 | $467,800 |
| 7-8% | 52 | $19,070,000 | $366,731 |
| 4-5% | 20 | $11,490,000 | $574,500 |
| Over 8% | 14 | $6,000,000 | $428,571 |
During 2018, Lendsure Mortgage Corp.'s average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was 5-6%, with 79 originations.
Loan Sizing
2018 saw Lendsure Mortgage Corp. place emphasis on $200k-400k loans with 82 originations, totaling $23,110,000 in origination value.
Applicant Income
Lendsure Mortgage Corp. lent most frequently to those with incomes in the $150k-250k range, with 62 originations. The second most popular income band? $250k+, with 60 originations.
Applicant Debt to Income Ratio
Lendsure Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? <20%, with 31 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.76%
Lendsure Mortgage Corp. has a below average approval rate.
Pick Rate
Approvals leading to origination63.75%
Lendsure Mortgage Corp. 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 | 240 | $118,700,000 | $494,583 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $205,000 | $205,000 |
| Single Family (1-4 Units):Site-Built | 239 | $118,495,000 | $495,795 |