Lower
Lower's 15.8k closed loans and 25k applications, benchmarked against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
4/5
National · 49 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Conventional
Superstar
FHA
Superstar
USDA
Superstar
Purchase
Superstar
Summary
What They Do Well
- Strong pull through performance
- High volume lender with significant market experience
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Lower performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+45.0 bps above market avg
2/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
9,821 loans · 0.40% above market
Exceptional
Top 20% of lenders
5/5
FHA
4,364 loans · 0.73% above market
Exceptional
Top 20% of lenders
5/5
VA
1,329 loans · 0.10% below market
Exceptional
Top 20% of lenders
5/5
Jumbo
130 loans · 0.38% above market
Exceptional
Top 20% of lenders
5/5
USDA
149 loans · 0.42% above market
Exceptional
Top 20% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
13,179 loans · 0.45% above market
Exceptional
Top 20% of lenders
5/5
Refinance
2,614 loans · 0.46% above market
Exceptional
Top 20% of lenders
5/5
By Location· Geographic coverage
Geographic Reach
National · 50 markets
Strong
Top 40% of lenders
4/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 9,821 | 62.2% | +0.404%Above | $2,614Fees | ||||
FHA Loans | 4,364 | 27.6% | +0.726%Above | $3,456Fees | ||||
VA Loans | 1,329 | 8.4% | -0.100%Below | $3,131Fees | ||||
Jumbo Loans | 130 | 0.8% | +0.378%Above | $2,756Fees | ||||
USDA Loans | 149 | 0.9% | +0.420%Above | $2,293Fees |
Conventional
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume9,821
Mix62.2%
Spread
+0.404%Above
Fees
$2,614Fees
FHA Loans
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume4,364
Mix27.6%
Spread
+0.726%Above
Fees
$3,456Fees
VA Loans
OverallSound
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume1,329
Mix8.4%
Spread
-0.100%Below
Fees
$3,131Fees
Jumbo Loans
OverallSound
ProductExceptional
PricingAcceptable
Pull ThroughSound
Volume130
Mix0.8%
Spread
+0.378%Above
Fees
$2,756Fees
USDA Loans
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume149
Mix0.9%
Spread
+0.420%Above
Fees
$2,293Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 13,179 | 83.4% | +0.448%Above | $2,775Fees | ||||
Refinance | 2,614 | 16.6% | +0.462%Above | $3,216Fees |
Purchase
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume13,179
Mix83.4%
Spread
+0.448%Above
Fees
$2,775Fees
Refinance
OverallSound
ProductExceptional
PricingAcceptable
Pull ThroughSound
Volume2,614
Mix16.6%
Spread
+0.462%Above
Fees
$3,216Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
15,793
Applications
24,643
Volume
$5 billion
Pricing & Closing
Avg Rate Spread
+0.450%
vs. market APOR
Avg Net Fees
$2,834
Origination − Credits
Pullthrough Rate
64.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$326,030
Avg Borrower Income
$132,550
Avg Property Value
$406,670
Geographic Coverage
Geographic Performance
Metro Areas
49
markets with activity
States Served
46
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
46Full-year 2024 · HMDALoans originated
< 5050–100100–200200–500500+None
Northeast6
CTMEMANHNJPA
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West11
AZCACOIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Showing 10 of 49 metro areas
Top States by Place Specialization Score
Showing 10 of 41 states
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.
Our Point System (Max 50 Points)
10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion(80%+ = 40-50 points)
Superstar(60-79% = 30-39 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
Looking for a different lender?
Are you the owner of Lower?
Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.
The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.