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Lennar Mortgage

Independent Mortgage CompanyNorth Palm Beach, FLHQDirectReviews near you on Google

Lennar Mortgage's 54.8k closed loans and 73k applications, benchmarked against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Exceptional
5/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Exceptional
5/5
Near-National · 49 mkts
Safe Rate Awards
Conventional Champion
Conventional
Champion
FHA Champion
FHA
Champion
VA Champion
VA
Champion
USDA Champion
USDA
Champion
Purchase Champion
Purchase
Champion

Safe Rate Summary

What They Do Well

  • Offers rates 68.90 basis points below market average
  • 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

Explore another lender or local market

Report Card

Lennar Mortgage performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
Rates 68.9 bps below market avg
Pull Through
Closing strength
Exceptional
Top 20% of lenders
By Loan Product· Specialization by type
Conventional
Exceptional
Top 10% of lenders
FHA
Exceptional
Top 5% of lenders
VA
Exceptional
Top 10% of lenders
Jumbo
Exceptional
Top 20% of lenders
USDA
Exceptional
Top 10% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Exceptional
Top 5% of lenders
Refinance
Acceptable
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Near-National · 50 markets
Exceptional
Top 20% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Exceptional
Product
Exceptional
Pricing
Strong
Pull Through
Exceptional
Volume32,877
Mix60.0%
Spread
-0.574%Below
Fees
$2,701Fees
FHA Loans
Overall
Exceptional
Product
Exceptional
Pricing
Exceptional
Pull Through
Strong
Volume16,064
Mix29.3%
Spread
-0.886%Below
Fees
$3,090Fees
VA Loans
Overall
Exceptional
Product
Exceptional
Pricing
Exceptional
Pull Through
Exceptional
Volume5,470
Mix10.0%
Spread
-1.448%Below
Fees
$457Fees
Jumbo Loans
Overall
Sound
Product
Exceptional
Pricing
Acceptable
Pull Through
Sound
Volume131
Mix0.2%
Spread
+0.080%Above
Fees
$2,429Fees
USDA Loans
Overall
Exceptional
Product
Exceptional
Pricing
Exceptional
Pull Through
Strong
Volume243
Mix0.4%
Spread
-1.184%Below
Fees
$3,235Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Exceptional
Product
Exceptional
Pricing
Exceptional
Pull Through
Strong
Volume54,769
Mix100.0%
Spread
-0.690%Below
Fees
$2,748Fees
Refinance
Overall
Mediocre
Product
Acceptable
Pricing
Pull Through
Mediocre
Volume16
Mix0.0%
Spread
+0.147%Above
Fees
$2,369Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
54,785
Applications
73,461
Volume
$19 billion
Pricing & Closing
Avg Rate Spread
-0.689%
vs. market APOR
Avg Net Fees
$2,748
Origination − Credits
Pullthrough Rate
74.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$364,349
Avg Borrower Income
$146,615
Avg Property Value
$438,869

Geographic Coverage

Geographic Performance

Metro Areas
49
markets with activity
States Served
26
of 50 states + DC
Avg Place Specialization
Exceptional
5/5

States with Loan Originations

26
26 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast2
NJPA
Midwest4
ILINMNWI
South12
ALDEFLGAMDNCOKSCTNTXVAWV
West8
AZCACOIDNVORUTWA

Top Metro Areas by Place Specialization Score

1© Medialecent · CC BY 4.0
San Antonio, TXMetro
Volume 4,403Mix 8.04% of portfolio
100/100
Exceptional
Volume 2,077Mix 3.79% of portfolio
100/100
Exceptional
3© Ebyabe · CC BY-SA 3.0
Punta Gorda, FLMetro
Volume 486Mix 0.89% of portfolio
100/100
Exceptional
Volume 882Mix 1.61% of portfolio
99/100
Exceptional
Volume 2,754Mix 5.03% of portfolio
98/100
Exceptional
Volume 1,619Mix 2.96% of portfolio
97/100
Exceptional
Volume 3,537Mix 6.46% of portfolio
97/100
Exceptional
8© Rino Landa · CC BY-SA 4.0
North Port, FLMetro
Volume 820Mix 1.50% of portfolio
96/100
Exceptional
Volume 849Mix 1.55% of portfolio
95/100
Exceptional
Volume 1,473Mix 2.69% of portfolio
95/100
Exceptional
Showing 10 of 49 metro areas

Top States by Place Specialization Score

Texas
Texas
1
TexasState
Volume 14,575Mix 26.60% of portfolio
98/100
Exceptional
Nevada
Nevada
2
NevadaState
Volume 1,801Mix 3.29% of portfolio
94/100
Exceptional
South Carolina
South Carolina
3
South CarolinaState
Volume 2,371Mix 4.33% of portfolio
94/100
Exceptional
Florida
Florida
4
FloridaState
Volume 10,805Mix 19.72% of portfolio
93/100
Exceptional
California
California
5
CaliforniaState
Volume 6,765Mix 12.35% of portfolio
88/100
Exceptional
Arizona
Arizona
6
ArizonaState
Volume 2,620Mix 4.78% of portfolio
87/100
Exceptional
Indiana
Indiana
7
IndianaState
Volume 1,902Mix 3.47% of portfolio
84/100
Exceptional
North Carolina
North Carolina
8
North CarolinaState
Volume 2,812Mix 5.13% of portfolio
84/100
Exceptional
Minnesota
Minnesota
9
MinnesotaState
Volume 1,444Mix 2.64% of portfolio
83/100
Exceptional
Colorado
Colorado
10
ColoradoState
Volume 1,549Mix 2.83% of portfolio
82/100
Exceptional
Showing 10 of 26 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
Superstar(60-79% = 18-23 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.