We compare mortgage interest rate and loan related closing costs at Lakeview Community Capital, LLC with other lenders for mortgages with similar borrower characteristics:
Interest Rate: similar to average (+0.02%)
Loan Related Closing Costs: lower than average (-$1408)
Assessment: this lender tends to be a cheap lender.
This scoreboard is based on data reported to FFIEC. In the data, Lakeview Community Capital, LLC originated 212 mortgages, a national market share of 0.0%. It was most active in DC (0.0% market share), FL (0.0% market share), and MD (0.0% market share).
On average, Lakeview Community Capital, LLC’s interest rates were similar to those of comparable mortgages at other lenders (+0.02%).1The comparable mortgages control for Lakeview Community Capital, LLC’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $3395, which was lower than those of comparable mortgages at $4802, with a difference of -$1408. Overall, we estimate that Lakeview Community Capital, LLC tends to be an cheap lender, with a cost-adjusted-rate difference of -0.11% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with Lakeview Community Capital, LLC.
Lakeview Community Capital, LLC specialized in mortgage refinancing, and originated Conforming and FHA refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:
Mortgage Refinancing from Lakeview Community Capital, LLC compared to other lenders
|Interest Rate Difference||+0.08%||-0.23%|
|Loan Related Closing Cost Difference||-$1385||-$1504|
|Cost Adjusted Rate Difference||-0.04%||-0.39%|
Based on the table above, Lakeview Community Capital, LLC is cheap for FHA mortgage refinance. It is similar to other lenders for Conforming mortgage refinance.
Other information about Lakeview Community Capital, LLC:
Regulator: United States Department of Housing and Urban Development (HUD)
Registered city and state: Coral Gables, FL, 33146