# LRS FINANCIAL NETWORK, INC.

> **Canonical URL:** https://saferate.com/lenders/lrs-financial-network


> **📋 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


LRS FINANCIAL NETWORK, INC. is a independent mortgage company, headquartered in MIDLAND, TX, serving borrowers across 2 states, with 237 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 53% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 20% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300HOJG1DA7FIZ225
- **Headquarters:** MIDLAND, TX
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** NM, TX
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 47/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 80/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.309%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,206
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 237
- **Dollar Volume:** $92 million
- **Applications Received:** 294
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $389,557
- **Average Borrower Income:** $233,958
- **Average Property Value:** $539,304

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **FHA Gold Superstar** (77%)
- ⭐ **Purchase Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 62/100 | 183 | +0.326% | $2,323 | Strong 😀 |
| FHA | 64/100 | 44 | +0.268% | $1,741 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 173 loans, Score: 63/100 (Strong)

**FHA:**
- Purchase: 44 loans, Score: 63/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 63/100 | 227 | $89M | +0.317% | Strong 😀 |
| Refinance | 19/100 | 10 | $3M | +0.138% | Mediocre 😐 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| TX | 234 | 0.07% | 72/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Midland, TX | TX | 157 | 97/100 |
| Non |  | 34 | 40/100 |
| Odessa, TX | TX | 10 | 54/100 |

## Where This Lender Ranks

LRS FINANCIAL NETWORK, INC. appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Midland, TX for FHA Loans
  - [View Full Rankings](https://saferate.com/midland-tx/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Midland, TX for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/midland-tx/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🥈 **#2** in Midland, TX
  - [View Full Rankings](https://saferate.com/midland-tx/best-mortgage-lenders)
- 🥈 **#2** in Midland, TX Mortgage Companies
  - [View Full Rankings](https://saferate.com/midland-tx/best-mortgage-lenders/mortgage-companies)
- 🏆 **#4** in Midland, TX for Conventional Loans
  - [View Full Rankings](https://saferate.com/midland-tx/best-mortgage-lenders/conventional-loans)
- 🏆 **#4** in Midland, TX for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/midland-tx/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#6** in Midland, TX for VA Loans
  - [View Full Rankings](https://saferate.com/midland-tx/best-mortgage-lenders/va-loans)
- 🏆 **#6** in Midland, TX for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/midland-tx/best-mortgage-lenders/mortgage-companies/va-loans)
- 🏆 **#9** in Odessa, TX for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/odessa-tx/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#11** in Odessa, TX for Conventional Loans
  - [View Full Rankings](https://saferate.com/odessa-tx/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does LRS FINANCIAL NETWORK, INC. offer?

LRS FINANCIAL NETWORK, INC. offers the following mortgage loan types: FHA, Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does LRS FINANCIAL NETWORK, INC. offer mortgages?

LRS FINANCIAL NETWORK, INC. offers mortgages in 2 states: NM, TX.

### How competitive are LRS FINANCIAL NETWORK, INC.'s mortgage rates?

LRS FINANCIAL NETWORK, INC. has a pricing score of 47/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.309% above market average.

### What type of lender is LRS FINANCIAL NETWORK, INC.?

LRS FINANCIAL NETWORK, INC. is a non-depository lender that specializes in mortgage origination, headquartered in MIDLAND, TX.

### What is LRS FINANCIAL NETWORK, INC.'s loan approval success rate?

LRS FINANCIAL NETWORK, INC. has a pull-through score of 80/100 (Exceptional). 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/lrs-financial-network

### How to Cite

> "LRS FINANCIAL NETWORK, INC. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/lrs-financial-network

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