What loan types does Lower offer?

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

Where does Lower offer mortgages?

Lower is a national lender offering mortgages in all 50 states plus Washington D.C.

How competitive are Lower's mortgage rates?

Lower has an overall pricing score of 29.9/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Lower?

Lower is a Independent Mortgage Company headquartered in Lutherville, MD.

Unclaimed

Lower

Independent Mortgage Company•Lutherville, MDHQ•Direct & Wholesale•Reviews near you on Google

Lower's 15.8k closed loans and 25k applications, benchmarked against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · Jumbo · USDA

Place

Strong

4/5

National · 49 mkts

Awards

Conventional

Superstar

FHA

Superstar

USDA

Superstar

Purchase

Superstar

Summary

What They Do Well

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

Things to Think About

Pricing may be below industry average

Explore another lender or local market

Report Card

Lower performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+45.0 bps above market avg

Pull Through

Closing strength

Strong

Top 40% of lenders

By Loan Product· Specialization by type

Conventional

Exceptional

Top 20% of lenders

FHA

Exceptional

Top 20% of lenders

Exceptional

Top 20% of lenders

Jumbo

Exceptional

Top 20% of lenders

USDA

Exceptional

Top 20% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 20% of lenders

Refinance

Exceptional

Top 20% of lenders

By Location· Geographic coverage

Geographic Reach

National · 50 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Exceptional	Acceptable	Strong	9,821	62.2%	+0.404%Above	$2,614Fees
FHA Loans	Strong	Exceptional	Acceptable	Strong	4,364	27.6%	+0.726%Above	$3,456Fees
VA Loans	Sound	Exceptional	Acceptable	Strong	1,329	8.4%	-0.100%Below	$3,131Fees
Jumbo Loans	Sound	Exceptional	Acceptable	Sound	130	0.8%	+0.378%Above	$2,756Fees
USDA Loans	Strong	Exceptional	Acceptable	Strong	149	0.9%	+0.420%Above	$2,293Fees

Conventional

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume9,821

Mix62.2%

Spread

+0.404%Above

Fees

$2,614Fees

FHA Loans

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume4,364

Mix27.6%

Spread

+0.726%Above

Fees

$3,456Fees

VA Loans

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume1,329

Mix8.4%

Spread

-0.100%Below

Fees

$3,131Fees

Jumbo Loans

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Sound

Volume130

Mix0.8%

Spread

+0.378%Above

Fees

$2,756Fees

USDA Loans

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume149

Mix0.9%

Spread

+0.420%Above

Fees

$2,293Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Exceptional	Acceptable	Strong	13,179	83.4%	+0.448%Above	$2,775Fees
Refinance	Sound	Exceptional	Acceptable	Sound	2,614	16.6%	+0.462%Above	$3,216Fees

Purchase

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume13,179

Mix83.4%

Spread

+0.448%Above

Fees

$2,775Fees

Refinance

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Sound

Volume2,614

Mix16.6%

Spread

+0.462%Above

Fees

$3,216Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

15,793

Applications

24,643

Volume

$5 billion

Pricing & Closing

Avg Rate Spread

+0.450%

vs. market APOR

Avg Net Fees

$2,834

Origination − Credits

Pullthrough Rate

64.1%

Applications → Closed

Typical Borrower

Avg Loan Amount

$326,030

Avg Borrower Income

$132,550

Avg Property Value

$406,670

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

Northeast6

CTMEMANHNJPA

Midwest12

IAILINKSMIMNMONDNEOHSDWI

South17

ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV

West11

AZCACOIDMTNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© Tichnor Brothers Inc. · Public domain

Lake Charles, LAMetro

Volume 142Mix 0.90% of portfolio

92/100

Exceptional

2© 归零者 · CC BY-SA 4.0

Columbus, OHMetro

Volume 701Mix 4.44% of portfolio

88/100

Exceptional

3© Michael Barera · CC BY-SA 4.0

Dallas, TXMetro

Volume 910Mix 5.76% of portfolio

84/100

Exceptional

Davenport, IA-ILMetro

Volume 264Mix 1.67% of portfolio

84/100

Exceptional

Dayton, OHMetro

Volume 473Mix 2.99% of portfolio

83/100

Exceptional

Greenville, SCMetro

Volume 251Mix 1.59% of portfolio

83/100

Exceptional

Billings, MTMetro

Volume 114Mix 0.72% of portfolio

82/100

Exceptional

McAllen, TXMetro

Volume 160Mix 1.01% of portfolio

81/100

Exceptional

Denver, COMetro

Volume 624Mix 3.95% of portfolio

80/100

Exceptional

Washington, DC, DC-MDMetro

Volume 258Mix 1.63% of portfolio

80/100

Strong

Showing 10 of 49 metro areas

Top States by Place Specialization Score

TexasState

Volume 2,838Mix 17.97% of portfolio

86/100

Exceptional

South CarolinaState

Volume 929Mix 5.88% of portfolio

86/100

Exceptional

OhioState

Volume 1,789Mix 11.33% of portfolio

85/100

Exceptional

ColoradoState

Volume 1,121Mix 7.10% of portfolio

82/100

Exceptional

IllinoisState

Volume 1,031Mix 6.53% of portfolio

81/100

Exceptional

VirginiaState

Volume 667Mix 4.22% of portfolio

79/100

Strong

GeorgiaState

Volume 740Mix 4.69% of portfolio

76/100

Strong

MarylandState

Volume 558Mix 3.53% of portfolio

76/100

Strong

FloridaState

Volume 1,274Mix 8.07% of portfolio

76/100

Strong

KentuckyState

Volume 357Mix 2.26% of portfolio

75/100

Strong

Showing 10 of 41 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.