Capgrow Home Mortgage Rates, Fees & Info

Chesterfield, MO

LEI: 254900213F9YWHNVOO69

Tax ID: 20-4515212

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Mortgage Data

Review & Overview

Capgrow Home Mortgage is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Capgrow Home Mortgage has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: St. Louis, Kansas City, Jefferson City, Kirksville, and Farmington among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Capgrow Home Mortgage has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Capgrow Home Mortgage is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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Originations

339

Origination Dollar Volume (All Markets)

$80,575,000

Awards

CapGrow Home Mortgage 30 Year Conventional Loans gold CapGrow Home Mortgage 30 Year Conventional Loans gold
Show all (2) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
ST. LOUIS, MO-IL (FHA|USDA|VA) 326 $77,650,000 $238,190 $1,791 2.93%
KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $1,525,000 $305,000 $1,851 3.22%
Outside of Metro Areas 5 $975,000 $195,000 $1,955 2.90%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $185,000 $185,000 $2,280 3.13%
Kirksville, MO (FHA|USDA|VA) 1 $135,000 $135,000 $1,438 2.88%
Farmington, MO (FHA|USDA|VA) 1 $105,000 $105,000 $1,522 3.25%
Capgrow Home Mortgage's top markets include St. Louis, Kansas City, Jefferson City, Kirksville, and Farmington among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against CapGrow Home Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Town & Country Bank
    Similarity Rank: 328
    CapGrow Home Mortgage, LLC
    Similarity Rank: 552
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 627
    JERSEY STATE BANK
    Similarity Rank: 725
    HNB National Bank
    Similarity Rank: 910
    First National Bank of Waterloo
    Similarity Rank: 938
    VANTAGE Credit Union
    Similarity Rank: 1010
    Providence Bank
    Similarity Rank: 1102
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1260

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 336 $80,030,000 $238,185 $1,788 2.93%
    FHA 3 $545,000 $181,667 $2,456 2.63%

    For 2021, Capgrow Home Mortgage's most frequently originated type of loan was Conventional, with 336 originations. Their 2nd most popular type was FHA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 219 $49,595,000 $226,461 $1,527 2.85%
    Cash Out Refi 73 $17,055,000 $233,630 $1,854 3.16%
    Home Purchase 47 $13,925,000 $296,277 $2,944 2.97%

    For 2021, Capgrow Home Mortgage's most frequently cited loan purpose was Refi, with 219 originations. The 2nd most popular reason was Cash Out Refi, with 73 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 200 $51,530,000 $257,650 $1,916 3.07%
    15 Year 81 $17,075,000 $210,802 $1,662 2.58%
    20 Year 36 $7,900,000 $219,444 $1,604 3.03%
    Other 18 $3,430,000 $190,556 $1,470 2.91%
    10 Year 4 $640,000 $160,000 $1,517 2.44%

    For 2021, Capgrow Home Mortgage's most frequently cited loan duration was 30 Year, with 200 originations. The 2nd most popular length was 15 Year, with 81 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 302 $70,700,000 $234,106
    $1k-2k 28 $6,800,000 $242,857
    $2k-3k 6 $1,990,000 $331,667
    $3k-4k 1 $235,000 $235,000
    $4k-5k 1 $525,000 $525,000

    Capgrow Home Mortgage's average total fees were $1,916, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 302 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 167 $41,945,000 $251,168
    3-4% 123 $28,465,000 $231,423
    <2.5% 46 $9,720,000 $211,304
    4-5% 3 $445,000 $148,333

    During 2021, Capgrow Home Mortgage's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 167 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 153 $23,725,000 $155,065 $1,611 2.95%
    $200k-400k 149 $41,855,000 $280,906 $1,837 2.89%
    $400k-600k 31 $14,525,000 $468,548 $2,569 3.00%
    $100,000 or less 6 $470,000 $78,333 $1,394 2.96%

    2021 saw Capgrow Home Mortgage place emphasis on $100k-200k loans with 153 originations, totaling $23,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 108 $28,170,000 $260,833 $1,770 2.84%
    $50k-75k 79 $14,395,000 $182,215 $1,711 3.00%
    $75k-100k 59 $12,555,000 $212,797 $1,738 2.97%
    $150k-250k 49 $15,865,000 $323,776 $2,028 2.86%
    $50k or less 27 $3,625,000 $134,259 $1,608 3.10%
    $250k+ 16 $5,770,000 $360,625 $2,103 3.09%

    Capgrow Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 108 originations. The second most popular income band? $50k-75k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 116 $26,080,000 $224,828 $1,686 2.88%
    30-36% 64 $16,130,000 $252,031 $1,921 2.99%
    <20% 39 $8,375,000 $214,744 $1,641 2.86%
    36% 16 $4,720,000 $295,000 $2,137 2.97%
    43% 15 $3,825,000 $255,000 $1,745 3.13%
    42% 13 $3,585,000 $275,769 $1,896 2.99%
    41% 13 $3,455,000 $265,769 $2,083 3.04%
    44% 12 $3,490,000 $290,833 $2,309 3.06%
    38% 11 $1,735,000 $157,727 $1,509 2.91%
    40% 9 $2,675,000 $297,222 $1,688 2.82%
    37% 7 $1,715,000 $245,000 $1,768 2.82%
    39% 6 $1,310,000 $218,333 $1,658 3.08%
    46% 5 $1,055,000 $211,000 $1,889 2.93%
    45% 3 $665,000 $221,667 $1,794 2.96%
    47% 3 $495,000 $165,000 $1,527 3.08%
    48% 3 $595,000 $198,333 $1,310 2.71%
    49% 2 $310,000 $155,000 $1,971 2.69%
    50-60% 1 $165,000 $165,000 $1,666 2.88%

    Capgrow Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 116 originations. The next most common DTI ratio? 30-36%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 315 $74,035,000 $235,032 $1,776 2.95%
    Asian 20 $5,150,000 $257,500 $1,916 2.62%
    Black 3 $875,000 $291,667 $2,077 2.88%
    American Indian 1 $515,000 $515,000 $4,284 2.75%

    Approval Rates

    Total approvals of all applications
    100.00%

    Capgrow Home Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    95.28%

    Capgrow Home Mortgage has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 339 $80,575,000 $237,684

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    339 $80,575,000 $237,684

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $2,585,000 $152,059 $1,628 2.65%
    40-60% 88 $19,070,000 $216,705 $1,609 2.80%
    60-80% 171 $41,465,000 $242,485 $1,769 3.03%
    80-100% 62 $17,340,000 $279,677 $2,173 2.93%
    Under 20% 1 $115,000 $115,000 $1,714 2.75%