Lyons Mortgage Services Interest Rate and Cost Review

Is Lyons Mortgage Services a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Lyons Mortgage Services to those of other lenders for a comparable set of borrowers. Here is our review of Lyons Mortgage Services nationally:

Review ItemLyons Mortgage Services
Interest Ratesimilar to other lenders (+0.01%)
Loan Related Closing Costslower than other lenders (-$405)
National Rate and Closing Cost Star Rating(3.5)

On average, Lyons Mortgage Services’s interest rates were similar to those of other lenders (+0.01%). On the other hand, its loan related closing costs were lower than those of other lenders, with a difference of -$405. Overall, combining interest rates and closing costs we estimate that Lyons Mortgage Services tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5 stars.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Lyons Mortgage Services, check out its website at:

Lyons Mortgage Services’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track Lyons Mortgage Services was most active in:

  1. New York, NY
  2. Yonkers, NY
  3. Stamford, CT
  4. Jersey City, NJ
  5. Albany, NY

Lyons Mortgage Services’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Lyons Mortgage Services originated Conforming mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

New Purchase MortgagesConforming
Interest Rate Difference+0.06%
Loan Related Closing Cost Difference-$232
Cost Adjusted Rate Difference+0.05%
National Star Rating(3)
Refinance MortgagesConforming
Interest Rate Difference-0.06%
Loan Related Closing Cost Difference-$619
Cost Adjusted Rate Difference-0.08%
Average Star Rating(4)

As a summary, Lyons Mortgage Services is more expensive than other lenders for Conforming purchase mortgages. For refinancing, Lyons Mortgage Services is cheap for Conforming mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Lyons Mortgage Services:

Registered name: Lyons Mortgage Services Inc
Registered city and state: ASTORIA, NY, 11103
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 Lyons Mortgage Services’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.