The Lincoln National Life Insurance Company Mortgage Rates, Fees & Info
Greensboro, NCLEI: NJ1Z0LLF4RLDWG2WCN80
Tax ID: 35-0472300
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Lincoln National Life Insurance Company is a smaller mortgage company specializing in Refi loans. The Lincoln National Life Insurance Company has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Charlotte, San Diego, Orlando, and Phoenix among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)The Lincoln National Life Insurance Company has an above average approval rate when compared to the average across all lenders.
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Originations
14Origination Dollar Volume (All Markets)
$351,020,000Top 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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $100,010,000 | $50,005,000 | $0 | 5.44% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $67,355,000 | $67,355,000 | $0 | 5.43% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $66,205,000 | $66,205,000 | $0 | 4.95% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $38,005,000 | $38,005,000 | $0 | 5.70% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $33,010,000 | $16,505,000 | $0 | 5.33% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $11,210,000 | $5,605,000 | $0 | 5.05% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $9,005,000 | $9,005,000 | $0 | 5.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $9,005,000 | $9,005,000 | $0 | 5.50% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $9,005,000 | $9,005,000 | $0 | 5.65% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $4,955,000 | $4,955,000 | $0 | 5.60% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $3,255,000 | $3,255,000 | $0 | 6.58% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 14 | $351,020,000 | $25,072,857 | $0 | 5.47% |
For 2023, The Lincoln National Life Insurance Company's most frequently originated type of loan was Conventional, with 14 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 11 | $272,555,000 | $24,777,727 | $0 | 5.41% |
| Home Purchase | 2 | $69,460,000 | $34,730,000 | $0 | 5.77% |
| Other | 1 | $9,005,000 | $9,005,000 | $0 | 5.50% |
For 2023, The Lincoln National Life Insurance Company's most frequently cited loan purpose was Refi, with 11 originations. The 2nd most popular reason was Home Purchase, with 2 originations.
Loan Duration/Length
For 2023, The Lincoln National Life Insurance Company's most frequently cited loan duration was 10 Year, with 6 originations. The 2nd most popular length was 5 Year, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 12 | $281,560,000 | $23,463,333 |
| 4-5% | 1 | $66,205,000 | $66,205,000 |
| 6-7% | 1 | $3,255,000 | $3,255,000 |
During 2023, The Lincoln National Life Insurance Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 12 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 14 | $351,020,000 | $25,072,857 | $0 | 5.47% |
2023 saw The Lincoln National Life Insurance Company place emphasis on $1MM+ loans with 14 originations, totaling $351,020,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 14 | $351,020,000 | $25,072,857 | $0 | 5.47% |
Approval Rates
Total approvals of all applications100.00%
The Lincoln National Life Insurance Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 14 | $351,020,000 | $25,072,857 |