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PLANET HOME LENDING, LLC
Independent Mortgage Company|WILMINGTON, DE|National
Loans Originated
4,746
Applications
6,485
Volume
$1 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Safe Rate Awards⭐FHA Superstar⭐VA Superstar⭐USDA Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.284%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,910
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
73.2%
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
Things to Think About
- Pricing may be below industry average
Report Card
PLANET HOME LENDING, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Sound | Industry Standard | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | National · 50 metro areas · 51 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$328,021
Average Borrower Income
$125,290
Average Property Value
$411,233
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Strong | 2,036 | 42.9% | +0.296% | $2,931 |
FHA Loans | Strong | Exceptional | Sound | Strong | 1,622 | 34.2% | +0.482% | $2,874 |
VA Loans | Strong | Exceptional | Sound | Strong | 937 | 19.7% | -0.202% | $3,017 |
Jumbo Loans | Acceptable | Sound | N/A | Acceptable | 21 | 0.4% | +0.669% | $872 |
USDA Loans | Strong | Exceptional | Sound | Strong | 130 | 2.7% | +0.276% | $2,344 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 3,524 | 74.3% | +0.358% | $2,939 |
Refinance | Strong | Strong | Strong | Strong | 1,222 | 25.7% | +0.102% | $2,838 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Shreveport, LAMSA
Volume: 129Mix: 2.72%
Place Specialization
Exceptional
2
Wichita, KS, KSMSA
Volume: 130Mix: 2.74%
Place Specialization
Strong
3
Dallas, TXMSA
Volume: 213Mix: 4.49%
Place Specialization
Strong
4
Coeur d'Alene, ID, IDMSA
Volume: 59Mix: 1.24%
Place Specialization
Strong
5
Milwaukee, WIMSA
Volume: 118Mix: 2.49%
Place Specialization
Strong
6
Huntsville, AL, ALMSA
Volume: 72Mix: 1.52%
Place Specialization
Strong
7
Denver, COMSA
Volume: 148Mix: 3.12%
Place Specialization
Strong
8
Allentown, PA-NJMSA
Volume: 60Mix: 1.26%
Place Specialization
Strong
9
Fort Worth, TXMSA
Volume: 93Mix: 1.96%
Place Specialization
Strong
10
Riverside, CAMSA
Volume: 128Mix: 2.70%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
KSState
Volume: 178Mix: 3.75%
Place Specialization
Strong
2
LAState
Volume: 279Mix: 5.88%
Place Specialization
Strong
3
TXState
Volume: 549Mix: 11.57%
Place Specialization
Strong
4
WIState
Volume: 260Mix: 5.48%
Place Specialization
Strong
5
MSState
Volume: 178Mix: 3.75%
Place Specialization
Strong
6
FLState
Volume: 509Mix: 10.72%
Place Specialization
Strong
7
COState
Volume: 238Mix: 5.01%
Place Specialization
Strong
8
PAState
Volume: 233Mix: 4.91%
Place Specialization
Strong
9
ALState
Volume: 145Mix: 3.06%
Place Specialization
Strong
10
CAState
Volume: 361Mix: 7.61%
Place Specialization
Strong
Showing 10 of 38 states
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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