Lyons Mortgage Services Rates, Fees & Info
NEW YORK, NYLEI: 549300VQSHPYTNCOP496
Tax ID: 11-3338148
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Mortgage Data
Review & Overview
Lyons Mortgage Services is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Lyons Mortgage Services has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, Torrington, Kingston, and Bridgeport among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Lyons Mortgage Services 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. Lyons Mortgage Services 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 | 6.39% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 5.93% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 5.31% | 11/17/24 |
| 15 Year Cash-out Refi | 5.31% | 11/17/24 |
| 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. | ||
Lyons Mortgage Services Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
151Origination Dollar Volume (All Markets)
$65,685,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 141 | $62,875,000 | $445,922 | $5,705 | 3.01% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 2.75% |
| Torrington, CT (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 2.88% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 3.38% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 3.38% |
| Outside of Metro Areas | 1 | $225,000 | $225,000 | $0 | 2.88% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.00% |
| Hudson, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.63% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 2.88% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 151 | $65,685,000 | $435,000 | $5,705 | 3.01% |
For 2021, Lyons Mortgage Services's most frequently originated type of loan was Conventional, with 151 originations.
Loan Reason
For 2021, Lyons Mortgage Services's most frequently cited loan purpose was Cash Out Refi, with 56 originations. The 2nd most popular reason was Home Purchase, with 49 originations.
Loan Duration/Length
For 2021, Lyons Mortgage Services's most frequently cited loan duration was 30 Year, with 115 originations. The 2nd most popular length was 15 Year, with 23 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 120 | $51,970,000 | $433,083 |
| $<1k | 26 | $11,020,000 | $423,846 |
| $5k+ | 3 | $2,055,000 | $685,000 |
| $2k-3k | 1 | $465,000 | $465,000 |
Lyons Mortgage Services's average total fees were $6,130, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 120 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 69 | $34,995,000 | $507,174 |
| 2.5-3% | 62 | $24,610,000 | $396,935 |
| <2.5% | 20 | $6,080,000 | $304,000 |
During 2021, Lyons Mortgage Services's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 3-4%, with 69 originations.
Loan Sizing
2021 saw Lyons Mortgage Services place emphasis on $400k-600k loans with 66 originations, totaling $31,850,000 in origination value.
Applicant Income
Lyons Mortgage Services lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $150k-250k, with 44 originations.
Applicant Debt to Income Ratio
Lyons Mortgage Services lent most frequently to those with DTI ratios of 30-36%, with 27 originations. The next most common DTI ratio? 20-30%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.32%
Lyons Mortgage Services has an average approval rate.
Pick Rate
Approvals leading to origination62.91%
Lyons Mortgage Services 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 |
|---|---|---|---|
| 0.0 | 1 | $465,000 | $465,000 |
| 10500.0 | 1 | $475,000 | $475,000 |
| 10694.78 | 1 | $1,055,000 | $1,055,000 |
| 11280.0 | 1 | $575,000 | $575,000 |
| 1383.0 | 1 | $585,000 | $585,000 |
| 1405.0 | 1 | $145,000 | $145,000 |
| 14327.5 | 1 | $705,000 | $705,000 |
| 14710.0 | 1 | $905,000 | $905,000 |
| 1475.0 | 1 | $445,000 | $445,000 |
| 1538.75 | 1 | $395,000 | $395,000 |
| 1540.0 | 1 | $405,000 | $405,000 |
| 15565.0 | 1 | $725,000 | $725,000 |
| 15727.5 | 1 | $1,185,000 | $1,185,000 |
| 1600.0 | 1 | $125,000 | $125,000 |
| 1655.0 | 1 | $395,000 | $395,000 |
| 1664.38 | 1 | $495,000 | $495,000 |
| 1742.5 | 1 | $335,000 | $335,000 |
| 1767.5 | 1 | $245,000 | $245,000 |
| 1796.0 | 1 | $155,000 | $155,000 |
| 2002.5 | 1 | $775,000 | $775,000 |
| 2065.0 | 1 | $365,000 | $365,000 |
| 2092.5 | 1 | $425,000 | $425,000 |
| 2285.63 | 1 | $545,000 | $545,000 |
| 2290.0 | 1 | $565,000 | $565,000 |
| 2316.25 | 1 | $305,000 | $305,000 |
| 2365.0 | 2 | $920,000 | $460,000 |
| 2436.25 | 1 | $165,000 | $165,000 |
| 2540.0 | 1 | $405,000 | $405,000 |
| 2940.0 | 1 | $325,000 | $325,000 |
| 3140.0 | 1 | $565,000 | $565,000 |
| 3190.0 | 1 | $815,000 | $815,000 |
| 3255.0 | 1 | $465,000 | $465,000 |
| 3285.0 | 1 | $425,000 | $425,000 |
| 3515.0 | 1 | $195,000 | $195,000 |
| 3565.0 | 1 | $325,000 | $325,000 |
| 3640.0 | 1 | $415,000 | $415,000 |
| 3790.0 | 1 | $355,000 | $355,000 |
| 4252.5 | 1 | $515,000 | $515,000 |
| 4330.0 | 1 | $325,000 | $325,000 |
| 4602.5 | 1 | $575,000 | $575,000 |
| 4610.0 | 1 | $475,000 | $475,000 |
| 4725.0 | 1 | $355,000 | $355,000 |
| 4760.0 | 1 | $375,000 | $375,000 |
| 4815.0 | 1 | $735,000 | $735,000 |
| 5365.0 | 1 | $565,000 | $565,000 |
| 5508.75 | 1 | $525,000 | $525,000 |
| 5867.5 | 1 | $345,000 | $345,000 |
| 6885.0 | 1 | $595,000 | $595,000 |
| 7007.5 | 1 | $435,000 | $435,000 |
| 7255.0 | 1 | $455,000 | $455,000 |
| 7677.5 | 1 | $485,000 | $485,000 |
| 9181.25 | 1 | $585,000 | $585,000 |
| 9200.0 | 1 | $815,000 | $815,000 |
| 9977.5 | 1 | $655,000 | $655,000 |
| NA | 96 | $38,700,000 | $403,125 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| LOAN SIMPLE INC. | FHA mortgage | Closing on a mortgage | 2 | 100.0% |