Lakeview Loan Servicing Mortgage Interest Rate and Cost Review

Is Lakeview Loan Servicing a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Lakeview Loan Servicing with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (+0.06%)
Loan Related Closing Costslower than average (-$862)
National Rate and Closing Cost Rating(3.5)
Websitehttps://lakeviewloanservicing.com

On average, Lakeview Loan Servicing’s interest rates were similar to those of other lenders (+0.06%) for a comparable set of borrowers. Its average total loan related closing cost was lower than those of other lenders, with a difference of -$862. Overall, combining interest rates and closing costs we estimate that Lakeview Loan Servicing tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5.0 stars.

Lakeview Loan Servicing’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Lakeview Loan Servicing was most active in:

  1. Phoenix, AZ
  2. Los Angeles, CA
  3. Chicago, IL
  4. Denver, CO
  5. Seattle, WA

You can click through to check out Lakeview Loan Servicing’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Lakeview Loan Servicing’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Lakeview Loan Servicing originated Conforming, FHA, Jumbo and VA mortgages for new home purchases. It also originated Conforming, FHA, USDA and VA mortgages for refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboVA
Interest Rate Difference+0.07%-0.06%-0.02%+0.00%
Loan Related Closing Cost Difference-$280-$746-$80-$95
Cost Adjusted Rate Difference+0.05%-0.11%-0.02%-0.00%
Star Rating(3.5)(4.0)(3.5)(3.5)
Refinance MortgagesConformingFHAUSDAVA
Interest Rate Difference+0.12%+0.12%+0.00%-0.03%
Loan Related Closing Cost Difference-$515-$988+$0-$967
Cost Adjusted Rate Difference+0.08%+0.06%+0.00%-0.08%
Star Rating(3.0)(3.0)(3.5)(4.0)

As a summary, Lakeview Loan Servicing is cheap for FHA purchase mortgages. It is similar to other lenders for Conforming, Jumbo and VA purchase mortgages. For refinancing mortgages, Lakeview Loan Servicing is cheap for VA mortgage refinance. It is similar to other lenders for USDA mortgage refinance. It is more expensive than other lenders for Conforming and FHA mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Lakeview Loan Servicing:

Registered name: Lakeview Loan Servicing
Registered city and state: Coral Gables, FL, 33146
Regulator: United States Department of Housing and Urban Development (HUD)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Lakeview Loan Servicing’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.