Loanpeople Mortgage Rates, Fees & Info
Austin, TXLEI: 875500CPQ9Z7QEFE5G90
Tax ID: 83-4428887
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Loanpeople is a smaller mortgage company specializing in Home Purchase loans. Loanpeople has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Austin, San Antonio, Dallas, Houston, and Killeen among others. We have data for 50 markets. (Some data included below & more in-depth data is available with an active subscription.)Loanpeople 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. Loanpeople 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.52% | 12/16/24 |
| 30 Year Conventional Refi | 6.60% | 12/16/24 |
| 30 Year Cash-out Refi | 6.74% | 12/16/24 |
| 30 Year FHA Purchase | 7.43% | 12/16/24 |
| 30 Year FHA Refi | 7.16% | 12/16/24 |
| 30 Year VA Purchase | 6.42% | 12/16/24 |
| 30 Year USDA Purchase | 7.07% | 12/16/24 |
| 15 Year Conventional Purchase | 6.03% | 12/16/24 |
| 15 Year Conventional Refi | 5.99% | 12/16/24 |
| 15 Year Cash-out Refi | 5.99% | 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. | ||
Loanpeople Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Loanpeople. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,430Origination Dollar Volume (All Markets)
$598,830,000Top 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 |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1,021 | $468,385,000 | $458,751 | $9,317 | 4.91% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 153 | $49,415,000 | $322,974 | $9,990 | 5.15% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 46 | $18,520,000 | $402,609 | $9,381 | 5.24% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 36 | $12,370,000 | $343,611 | $7,375 | 5.34% |
| Outside of Metro Areas | 44 | $10,860,000 | $246,818 | $8,702 | 5.76% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 29 | $7,195,000 | $248,103 | $8,818 | 5.45% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 21 | $6,445,000 | $306,905 | $9,485 | 5.48% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $2,035,000 | $2,035,000 | $0 | 3.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,635,000 | $545,000 | $7,000 | 4.58% |
| VICTORIA, TX (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $7,394 | 6.10% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $41,658 | 5.00% |
| WACO, TX (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $7,502 | 4.34% |
| Rockport, TX (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $8,995 | 6.84% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $8,639 | 6.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $12,842 | 6.38% |
| Fredericksburg, TX (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $12,707 | 5.31% |
| Kerrville, TX (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $11,198 | 6.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $7,026 | 5.63% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $13,809 | 6.25% |
| LAREDO, TX (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $8,764 | 4.25% |
| TYLER, TX (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $6,726 | 4.38% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $9,276 | 6.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $6,063 | 4.56% |
| Montrose, CO (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $9,532 | 5.75% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $6,215 | 4.75% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $10,785 | 6.75% |
| AMARILLO, TX (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $4,441 | 5.96% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,712 | 4.88% |
| Durango, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $11,604 | 3.75% |
| Granbury, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $12,495 | 5.62% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $14,275 | 7.00% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,747 | 4.75% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,591 | 6.37% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,775 | 6.50% |
| Palestine, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,503 | 3.88% |
| Brenham, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,722 | 6.62% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,723 | 6.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,956 | 3.75% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,971 | 6.63% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $14,493 | 5.75% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,777 | 5.63% |
| Eagle Pass, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 7.50% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,576 | 6.88% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,539 | 5.37% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,144 | 6.00% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,487 | 4.13% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,480 | 4.00% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,959 | 6.38% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,949 | 3.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,221 | 5.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against LOANPEOPLE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 204
Similarity Rank: 249
Similarity Rank: 264
Similarity Rank: 510
Similarity Rank: 552
Similarity Rank: 957
Similarity Rank: 1074
Similarity Rank: 1170
Similarity Rank: 1548
Similarity Rank: 1566
Product Mix
For 2022, Loanpeople's most frequently originated type of loan was Conventional, with 1,307 originations. Their 2nd most popular type was FHA, with 74 originations.
Loan Reason
For 2022, Loanpeople's most frequently cited loan purpose was Home Purchase, with 1,212 originations. The 2nd most popular reason was Cash Out Refi, with 141 originations.
Loan Duration/Length
For 2022, Loanpeople's most frequently cited loan duration was 30 Year, with 1,370 originations. The 2nd most popular length was 15 Year, with 40 originations.
Origination Fees/Closing Costs
Loanpeople's average total fees were $9,367, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 535 originations.
Interest Rates
During 2022, Loanpeople's average interest rate for loans was 5.08%, while their most frequently originated rate bucket for loans was 5-6%, with 454 originations.
Loan Sizing
2022 saw Loanpeople place emphasis on $200k-400k loans with 602 originations, totaling $182,200,000 in origination value.
Applicant Income
Loanpeople lent most frequently to those with incomes in the $150k-250k range, with 423 originations. The second most popular income band? $100k-150k, with 341 originations.
Applicant Debt to Income Ratio
Loanpeople lent most frequently to those with DTI ratios of 30-36%, with 284 originations. The next most common DTI ratio? 20-30%, with 278 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.49%
Loanpeople has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination59.09%
Loanpeople 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 | 1,430 | $598,830,000 | $418,762 |