What loan types does Loan Simple offer?

Loan Simple offers the following mortgage loan types: FHA, Conventional, VA, usda. Each product has its own pricing score and performance metrics.

Where does Loan Simple offer mortgages?

Loan Simple 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's mortgage rates?

Loan Simple has an overall pricing score of 14.9/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Loan Simple?

Loan Simple is a Independent Mortgage Company headquartered in Colorado Springs, CO.

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Loan Simple

Independent Mortgage Company•Colorado Springs, COHQ•Direct & Wholesale•Reviews near you on Google

We analyzed every closed loan from Loan Simple — 1.1k loans across 2k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Mediocre

1/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Strong

4/5

FHA · Conventional · VA · USDA

Place

Sound

3/5

Multi-Region · 19 mkts

Summary

Things to Think About

Rates typically 80 basis points above market average

Explore another lender or local market

Report Card

Loan Simple performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Mediocre

+80.2 bps above market avg

Pull Through

Closing strength

Sound

Top 60% of lenders

By Loan Product· Specialization by type

Conventional

Sound

Top 60% of lenders

FHA

Strong

Top 40% of lenders

Acceptable

Bottom 40% of lenders

USDA

Sound

Top 60% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Strong

Top 40% of lenders

Refinance

Acceptable

Bottom 40% of lenders

By Location· Geographic coverage

Geographic Reach

Multi-Regional · 20 markets

Sound

Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Acceptable	Sound	Mediocre	Acceptable	306	28.6%	+0.756%Above	$4,944Fees
FHA Loans	Sound	Strong	Mediocre	Strong	714	66.7%	+0.843%Above	$3,212Fees
VA Loans	Acceptable	Acceptable	—	Acceptable	16	1.5%	+0.033%Above	$2,056Fees
USDA Loans	Sound	Sound	—	Acceptable	34	3.2%	+0.780%Above	$4,270Fees

Conventional

Overall

Acceptable

Product

Sound

Pricing

Mediocre

Pull Through

Acceptable

Volume306

Mix28.6%

Spread

+0.756%Above

Fees

$4,944Fees

FHA Loans

Overall

Sound

Product

Strong

Pricing

Mediocre

Pull Through

Strong

Volume714

Mix66.7%

Spread

+0.843%Above

Fees

$3,212Fees

VA Loans

Overall

Acceptable

Product

Acceptable

Pricing—

Pull Through

Acceptable

Volume16

Mix1.5%

Spread

+0.033%Above

Fees

$2,056Fees

USDA Loans

Overall

Sound

Product

Sound

Pricing—

Pull Through

Acceptable

Volume34

Mix3.2%

Spread

+0.780%Above

Fees

$4,270Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Acceptable	Strong	Mediocre	Sound	1,045	97.7%	+0.953%Above	$5,315Fees
Refinance	Sound	Acceptable	Exceptional	Acceptable	25	2.3%	+0.149%Above	$3,437Credit

Purchase

Overall

Acceptable

Product

Strong

Pricing

Mediocre

Pull Through

Sound

Volume1,045

Mix97.7%

Spread

+0.953%Above

Fees

$5,315Fees

Refinance

Overall

Sound

Product

Acceptable

Pricing

Exceptional

Pull Through

Acceptable

Volume25

Mix2.3%

Spread

+0.149%Above

Fees

$3,437Credit

At a Glance

Lender Overview

Lending Activity

Loans Originated

1,070

Applications

1,738

Volume

$349 million

Pricing & Closing

Avg Rate Spread

+0.802%

vs. market APOR

Avg Net Fees

$3,669

Origination − Credits

Pullthrough Rate

61.6%

Applications → Closed

Typical Borrower

Avg Loan Amount

$326,822

Avg Borrower Income

$106,649

Avg Property Value

$373,746

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

Midwest3

INMNWI

South8

ALFLGANCSCTNTXVA

West6

AZCACONMORWA

Top Metro Areas by Place Specialization Score

1© Quintin Soloviev · CC BY 4.0

Denver, COMetro

Volume 273Mix 25.51% of portfolio

78/100

Strong

2© Jeffrey Beall · CC BY-SA 3.0

Greeley, COMetro

Volume 55Mix 5.14% of portfolio

70/100

Strong

3© Xnatedawgx · CC BY-SA 4.0

Colorado Springs, COMetro

Volume 51Mix 4.77% of portfolio

61/100

Strong

4© inkknife_2000 (7.5 million views +) · CC BY-SA 2.0

Grand Junction, COMetro

Volume 18Mix 1.68% of portfolio

52/100

Sound

5© Warren LeMay from Cincinnati, OH, United States · CC0

Atlanta, GAMetro

Volume 35Mix 3.27% of portfolio

52/100

Sound

Phoenix, AZMetro

Volume 27Mix 2.52% of portfolio

48/100

Sound

Prescott Valley, AZMetro

Volume 13Mix 1.21% of portfolio

47/100

Sound

Dallas, TXMetro

Volume 24Mix 2.24% of portfolio

47/100

Sound

Houston, TXMetro

Volume 25Mix 2.34% of portfolio

47/100

Sound

Albuquerque, NMMetro

Volume 15Mix 1.40% of portfolio

46/100

Sound

Showing 10 of 19 metro areas

Top States by Place Specialization Score

ColoradoState

Volume 470Mix 43.93% of portfolio

80/100

Exceptional

TexasState

Volume 114Mix 10.65% of portfolio

58/100

Sound

GeorgiaState

Volume 74Mix 6.92% of portfolio

58/100

Sound

VirginiaState

Volume 48Mix 4.49% of portfolio

54/100

Sound

New MexicoState

Volume 32Mix 2.99% of portfolio

54/100

Sound

ArizonaState

Volume 45Mix 4.21% of portfolio

53/100

Sound

OregonState

Volume 33Mix 3.08% of portfolio

52/100

Sound

North CarolinaState

Volume 50Mix 4.67% of portfolio

52/100

Sound

FloridaState

Volume 63Mix 5.89% of portfolio

51/100

Sound

MinnesotaState

Volume 31Mix 2.90% of portfolio

50/100

Sound

Showing 10 of 14 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.