Capgrow Home Mortgage Rates, Fees & Info
Chesterfield, MOLEI: 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 Home Purchase 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Kansas City, Columbia, and Kirksville among others. We have data for 5 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
274Origination Dollar Volume (All Markets)
$69,140,000Awards
CapGrow Home Mortgage - 2019
CapGrow Home Mortgage is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 264 | $66,970,000 | $253,674 | $2,149 | 3.93% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $2,069 | 4.13% |
| Outside of Metro Areas | 4 | $890,000 | $222,500 | $2,184 | 3.69% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,617 | 4.25% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,333 | 3.88% |
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.
Similarity Rank: 190
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Similarity Rank: 780
Similarity Rank: 792
Similarity Rank: 1020
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 256 | $65,410,000 | $255,508 | $1,943 | 3.93% |
| FHA | 16 | $3,440,000 | $215,000 | $5,257 | 4.00% |
| USDA | 2 | $290,000 | $145,000 | $2,815 | 3.49% |
For 2019, Capgrow Home Mortgage's most frequently originated type of loan was Conventional, with 256 originations. Their 2nd most popular type was FHA, with 16 originations.
Loan Reason
For 2019, Capgrow Home Mortgage's most frequently cited loan purpose was Refi, with 132 originations. The 2nd most popular reason was Home Purchase, with 101 originations.
Loan Duration/Length
For 2019, Capgrow Home Mortgage's most frequently cited loan duration was 30 Year, with 216 originations. The 2nd most popular length was 15 Year, with 33 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 246 | $62,290,000 | $253,211 |
| $1k-2k | 28 | $6,850,000 | $244,643 |
Capgrow Home Mortgage's average total fees were $2,266, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 246 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 185 | $46,625,000 | $252,027 |
| 4-5% | 88 | $22,390,000 | $254,432 |
| 5-6% | 1 | $125,000 | $125,000 |
During 2019, Capgrow Home Mortgage's average interest rate for loans was 3.97%, while their most frequently originated rate bucket for loans was 3-4%, with 185 originations.
Loan Sizing
2019 saw Capgrow Home Mortgage place emphasis on $200k-400k loans with 135 originations, totaling $37,515,000 in origination value.
Applicant Income
Capgrow Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 73 originations. The second most popular income band? $50k-75k, with 62 originations.
Applicant Debt to Income Ratio
Capgrow Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 76 originations. The next most common DTI ratio? 30-36%, with 68 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.35%
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 origination91.97%
Capgrow Home Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 274 | $69,140,000 | $252,336 |