# Loan Simple, Inc.

> **Canonical URL:** https://saferate.com/lenders/loan-simple


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Loan Simple, Inc. is a independent mortgage company, headquartered in Colorado Springs, CO, serving borrowers across 17 states, with 1,070 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 85% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 48% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300748YYU6VG08N83
- **Headquarters:** Colorado Springs, CO
- **Geographic Reach:** Multi-Region
- **States Served:** 17
- **State List:** AL, AZ, CA, CO, FL, GA, IN, MN, NC, NM, OR, SC, TN, TX, VA, WA, WI
- **Markets (MSAs):** 20
- **Primary Channel:** mix
- **Direct Origination:** 55.2%
- **Brokered/Wholesale:** 44.8%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 15/100
- Rating: ●○○○○ (1/5)

### Pull Through: Sound ☺️
- Score: 52/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.802%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $3,669
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,070
- **Dollar Volume:** $350 million
- **Applications Received:** 1,738
- **Market Share:** 3.00%

## Typical Borrower Profile

- **Average Loan Amount:** $326,822
- **Average Borrower Income:** $106,649
- **Average Property Value:** $373,746

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 51/100 | 306 | +0.756% | $4,944 | Sound ☺️ |
| FHA | 79/100 | 714 | +0.843% | $3,212 | Strong 😀 |
| VA | 40/100 | 16 | +0.033% | $2,056 | Acceptable 🙂 |
| USDA | 55/100 | 34 | +0.780% | $4,270 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 300 loans, Score: 53/100 (Sound)

**FHA:**
- Purchase: 698 loans, Score: 79/100 (Strong)

**USDA:**
- Purchase: 32 loans, Score: 54/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 65/100 | 1,045 | $341M | +0.953% | Strong 😀 |
| Refinance | 30/100 | 25 | $8M | +0.149% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| CO | 470 | 0.56% | 80/100 |
| TX | 114 | 0.03% | 58/100 |
| GA | 74 | 0.05% | 58/100 |
| FL | 63 | 0.02% | 51/100 |
| NC | 50 | 0.03% | 52/100 |
| VA | 48 | 0.04% | 54/100 |
| AZ | 45 | 0.05% | 53/100 |
| IN | 34 | 0.04% | 50/100 |
| OR | 33 | 0.08% | 52/100 |
| NM | 32 | 0.16% | 54/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Denver | CO | 273 | 78/100 |
| Non |  | 152 | 57/100 |
| Greeley, CO | CO | 55 | 70/100 |
| Colorado Springs, CO | CO | 51 | 61/100 |
| Atlanta | GA | 35 | 52/100 |
| Phoenix | AZ | 27 | 48/100 |
| Houston | TX | 25 | 47/100 |
| Dallas | TX | 24 | 47/100 |
| Grand Junction, CO | CO | 18 | 52/100 |
| Albuquerque, NM | NM | 15 | 46/100 |
| Fort Worth | TX | 14 | 43/100 |
| Fort Collins | CO | 13 | 45/100 |
| Prescott Valley | AZ | 13 | 47/100 |
| Virginia Beach | VA-NC | 13 | 43/100 |
| Minneapolis | MN-WI | 12 | 41/100 |

## Where This Lender Ranks

Loan Simple, Inc. appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#17** in Grand Junction, CO for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/grand-junction-co/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#19** in Grand Junction, CO for FHA Loans
  - [View Full Rankings](https://saferate.com/grand-junction-co/best-mortgage-lenders/fha-loans)
- 🏆 **#20** in Fort Collins for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/fort-collins/best-mortgage-lenders/mortgage-companies/fha-loans)

## Frequently Asked Questions

### What loan types does Loan Simple, Inc. offer?

Loan Simple, Inc. offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Loan Simple, Inc. offer mortgages?

Loan Simple, Inc. offers mortgages in 17 states: AL, AZ, CA, CO, FL, GA, IN, MN, NC, NM, OR, SC, TN, TX, VA, WA, WI.

### How competitive are Loan Simple, Inc.'s mortgage rates?

Loan Simple, Inc. has a pricing score of 15/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.802% above market average.

### What type of lender is Loan Simple, Inc.?

Loan Simple, Inc. is a non-depository lender that specializes in mortgage origination, headquartered in Colorado Springs, CO.

### What is Loan Simple, Inc.'s loan approval success rate?

Loan Simple, Inc. has a pull-through score of 52/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/loan-simple

### How to Cite

> "Loan Simple, Inc. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/loan-simple

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