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Planet Home Lending

Independent Mortgage Company•Wilmington, DEHQ•Direct & Wholesale•Reviews near you on Google

We analyzed every closed loan from Planet Home Lending — 4.7k loans across 6k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
3/5
National · 49 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
FHA Superstar
FHA
Superstar
VA Superstar
VA
Superstar
USDA Superstar
USDA
Superstar
Purchase Superstar
Purchase
Superstar
Refinance Superstar
Refinance
Superstar

Safe Rate Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in Conventional and FHA and VA 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

Planet Home Lending performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+28.4 bps above market avg
2/5
Pull Through
Closing strength
Exceptional
Top 20% of lenders
5/5
By Loan Product· Specialization by type
Conventional
2,036 loans · 0.30% above market
Strong
Top 40% of lenders
4/5
FHA
1,622 loans · 0.48% above market
Exceptional
Top 20% of lenders
5/5
VA
937 loans · 0.20% below market
Exceptional
Top 20% of lenders
5/5
Jumbo
21 loans · 0.67% above market
Sound
Top 60% of lenders
3/5
USDA
130 loans · 0.28% above market
Exceptional
Top 20% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
3,524 loans · 0.36% above market
Exceptional
Top 20% of lenders
5/5
Refinance
1,222 loans · 0.10% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
National · 50 markets
Sound
Top 60% of lenders
3/5

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Strong
Pricing
Acceptable
Pull Through
Strong
Volume2,036
Mix42.9%
Spread
+0.296%Above
Fees
$2,931Fees
FHA Loans
Overall
Strong
Product
Exceptional
Pricing
Sound
Pull Through
Strong
Volume1,622
Mix34.2%
Spread
+0.482%Above
Fees
$2,874Fees
VA Loans
Overall
Strong
Product
Exceptional
Pricing
Sound
Pull Through
Strong
Volume937
Mix19.7%
Spread
-0.202%Below
Fees
$3,017Fees
Jumbo Loans
Overall
Acceptable
Product
Sound
Pricing—
Pull Through
Acceptable
Volume21
Mix0.4%
Spread
+0.669%Above
Fees
$872Fees
USDA Loans
Overall
Strong
Product
Exceptional
Pricing
Sound
Pull Through
Strong
Volume130
Mix2.7%
Spread
+0.276%Above
Fees
$2,344Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Exceptional
Pricing
Acceptable
Pull Through
Strong
Volume3,524
Mix74.3%
Spread
+0.358%Above
Fees
$2,939Fees
Refinance
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume1,222
Mix25.7%
Spread
+0.102%Above
Fees
$2,838Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
4,746
Applications
6,485
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.284%
vs. market APOR
Avg Net Fees
$2,910
Origination − Credits
Pullthrough Rate
73.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$328,021
Avg Borrower Income
$125,290
Avg Property Value
$411,233

Geographic Coverage

Geographic Performance

Metro Areas
49
markets with activity
States Served
51
Includes Washington, DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

51Full-year 2024 · HMDANationwide · all 50 states and DC
51 states with loan originations
Loans originated
< 5050–100100–200200+None
Northeast9
CTMEMANHNJNYPARIVT
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© Shreveport-Bossier Convention and Tourist Bureau · CC BY 2.0
Shreveport, LAMetro
Volume 129Mix 2.72% of portfolio
89/100
Exceptional
2© Xnatedawgx · CC BY-SA 4.0
Wichita, KSMetro
Volume 130Mix 2.74% of portfolio
75/100
Strong
3© Michael Barera · CC BY-SA 4.0
Dallas, TXMetro
Volume 213Mix 4.49% of portfolio
70/100
Strong
4© pasa47 · CC BY 2.0
Coeur d'Alene, IDMetro
Volume 59Mix 1.24% of portfolio
69/100
Strong
5© Steve · CC BY-SA 2.0
Milwaukee, WIMetro
Volume 118Mix 2.49% of portfolio
68/100
Strong
6© Unknown authorUnknown author · Public domain
Huntsville, ALMetro
Volume 72Mix 1.52% of portfolio
67/100
Strong
7© Quintin Soloviev · CC BY 4.0
Denver, COMetro
Volume 148Mix 3.12% of portfolio
66/100
Strong
8© Paul Leiby · CC BY 3.0
Allentown, PA-NJMetro
Volume 60Mix 1.26% of portfolio
65/100
Strong
9© No machine-readable author provided. Billy Hathorn assumed (based on copyright claims). · CC BY-SA 3.0
Fort Worth, TXMetro
Volume 93Mix 1.96% of portfolio
65/100
Strong
10© Johnwayne Stroud · CC BY-SA 3.0
Riverside, CAMetro
Volume 128Mix 2.70% of portfolio
64/100
Strong
Showing 10 of 49 metro areas

Top States by Place Specialization Score

Kansas
Kansas
1
KansasState
Volume 178Mix 3.75% of portfolio
74/100
Strong
Louisiana
Louisiana
2
LouisianaState
Volume 279Mix 5.88% of portfolio
73/100
Strong
Texas
Texas
3
TexasState
Volume 549Mix 11.57% of portfolio
71/100
Strong
Wisconsin
Wisconsin
4
WisconsinState
Volume 260Mix 5.48% of portfolio
71/100
Strong
Mississippi
Mississippi
5
MississippiState
Volume 178Mix 3.75% of portfolio
70/100
Strong
Florida
Florida
6
FloridaState
Volume 509Mix 10.72% of portfolio
70/100
Strong
Colorado
Colorado
7
ColoradoState
Volume 238Mix 5.01% of portfolio
68/100
Strong
Pennsylvania
Pennsylvania
8
PennsylvaniaState
Volume 233Mix 4.91% of portfolio
68/100
Strong
Alabama
Alabama
9
AlabamaState
Volume 145Mix 3.06% of portfolio
67/100
Strong
California
California
10
CaliforniaState
Volume 361Mix 7.61% of portfolio
66/100
Strong
Showing 10 of 38 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
Champion(80%+ = 40-50 points)
Superstar
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.

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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.