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LOANSTEADY LLC
Independent Mortgage Company|McLean, VA|Near-National
Loans Originated
582
Applications
783
Volume
$216 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards⭐FHA Superstar⭐VA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.228%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,097
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
74.3%
Percentage of applications that result in closed loans
Safe Rate's 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
Report Card
LOANSTEADY LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Sound | Near-National · 13 metro areas · 26 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$371,546
Average Borrower Income
$151,957
Average Property Value
$461,166
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Sound | Sound | 346 | 59.5% | +0.183% | $2,094 |
FHA Loans | Strong | Strong | Sound | Strong | 106 | 18.2% | +0.608% | $2,675 |
VA Loans | Strong | Strong | Sound | Strong | 90 | 15.5% | -0.255% | $1,182 |
USDA Loans | Sound | Strong | Acceptable | Exceptional | 36 | 6.2% | +0.545% | $1,937 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Sound | Strong | 539 | 92.6% | +0.234% | $2,216 |
Refinance | Sound | Acceptable | Strong | Acceptable | 43 | 7.4% | +0.157% | $603 |
Geographic Coverage
Metro Areas
12
States Served
26
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Slidell, LAMSA
Volume: 66Mix: 11.34%
Place Specialization
Strong
2
Wilmington, NC, NCMSA
Volume: 48Mix: 8.25%
Place Specialization
Strong
3
Washington, DC, DC-MDMSA
Volume: 48Mix: 8.25%
Place Specialization
Strong
4
Jacksonville, NC, NCMSA
Volume: 33Mix: 5.67%
Place Specialization
Strong
5
Arlington, VA-WVMSA
Volume: 50Mix: 8.59%
Place Specialization
Strong
6
Savannah, GA, GAMSA
Volume: 23Mix: 3.95%
Place Specialization
Sound
7
Hammond, LA, LAMSA
Volume: 17Mix: 2.92%
Place Specialization
Sound
8
New Orleans, LAMSA
Volume: 16Mix: 2.75%
Place Specialization
Sound
9
Frederick, MDMSA
Volume: 14Mix: 2.41%
Place Specialization
Sound
10
Atlanta, GAMSA
Volume: 17Mix: 2.92%
Place Specialization
Sound
Showing 10 of 12 metro areas
Top States by Place Specialization Score
1
LAState
Volume: 144Mix: 24.74%
Place Specialization
Strong
2
DCState
Volume: 44Mix: 7.56%
Place Specialization
Strong
3
GAState
Volume: 83Mix: 14.26%
Place Specialization
Strong
4
NCState
Volume: 97Mix: 16.67%
Place Specialization
Strong
5
MSState
Volume: 52Mix: 8.93%
Place Specialization
Strong
6
VAState
Volume: 59Mix: 10.14%
Place Specialization
Sound
7
MDState
Volume: 28Mix: 4.81%
Place Specialization
Sound
8
ILState
Volume: 23Mix: 3.95%
Place Specialization
Sound
9
FLState
Volume: 15Mix: 2.58%
Place Specialization
Acceptable
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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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