Lending Capital Group Inc Mortgage Rates, Fees & Info

Feasterville Trevose, PA

LEI: 2549003GSJF52BBIBW81

Tax ID: 82-2937768

4.2 stars - Updated: 11/3/24 - out of 5 stars, based on 19 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Lending Capital Group Inc is a smaller mortgage company specializing in Home Purchase loans. Lending Capital Group Inc has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Philadelphia, Miami, Reading, Harrisburg, and New York among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

Lending Capital Group Inc has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Lending Capital Group Inc is typically a high 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 relatively high 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.75% 11/3/24
30 Year Conventional Refi 6.75% 11/3/24
30 Year Cash-out Refi 7.04% 11/3/24
30 Year FHA Purchase 7.43% 11/3/24
30 Year FHA Refi 7.28% 11/3/24
30 Year VA Purchase 6.27% 11/3/24
30 Year VA Refi 6.27% 11/3/24
15 Year Conventional Purchase 6.17% 11/3/24
15 Year Conventional Refi 6.30% 11/3/24
15 Year Cash-out Refi 6.30% 11/3/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Lending Capital Group Inc Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Lending Capital Group Inc. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

349

Origination Dollar Volume (All Markets)

$117,325,000

Relative Rate

Lending Capital Group Inc's average 30 year fixed mortgage rate was 6.88%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.4%.

Relative Fees (Closing Costs)

Lending Capital Group Inc's average total fees/closing costs for a 30 year fixed rate mortgage were $8,664.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 293 $100,395,000 $342,645 $8,708 6.84%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 12 $3,650,000 $304,167 $9,335 6.94%
READING, PA (FHA|USDA|VA) 7 $1,485,000 $212,143 $7,811 7.02%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $1,450,000 $362,500 $8,028 6.94%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $1,415,000 $471,667 $6,084 7.58%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $870,000 $435,000 $7,572 6.68%
LANCASTER, PA (FHA|USDA|VA) 2 $820,000 $410,000 $8,070 6.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $795,000 $265,000 $8,161 6.96%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $705,000 $705,000 $7,286 6.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $650,000 $325,000 $7,781 7.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $640,000 $320,000 $8,698 7.81%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $540,000 $270,000 $15,916 6.88%
OCEAN CITY, NJ (FHA|USDA|VA) 2 $530,000 $265,000 $4,949 7.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $425,000 $425,000 $6,028 7.88%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $365,000 $365,000 $7,857 7.00%
DOVER, DE (FHA|USDA|VA) 1 $315,000 $315,000 $11,516 6.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $315,000 $315,000 $17,296 6.63%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $310,000 $155,000 $7,769 7.06%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,255 6.00%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $255,000 $255,000 $4,351 7.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $215,000 $215,000 $5,059 6.25%
Outside of Metro Areas 1 $205,000 $205,000 $9,237 7.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,844 6.13%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $205,000 $205,000 $4,536 6.99%
AKRON, OH (FHA|USDA|VA) 1 $185,000 $185,000 $5,667 6.50%
Pottsville, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,940 5.75%
Lending Capital Group Inc's top markets include Philadelphia, Miami, Reading, Harrisburg, and New York among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Similar Lenders

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

    Republic Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 299 $101,045,000 $337,943 $7,684 6.89%
    FHA 50 $16,280,000 $325,600 $14,192 6.68%

    For 2023, Lending Capital Group Inc's most frequently originated type of loan was Conventional, with 299 originations. Their 2nd most popular type was FHA, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 330 $112,710,000 $341,545 $8,555 6.85%
    Refi 18 $4,230,000 $235,000 $9,635 6.98%
    Cash Out Refi 1 $385,000 $385,000 $12,176 7.25%

    For 2023, Lending Capital Group Inc's most frequently cited loan purpose was Home Purchase, with 330 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 341 $114,975,000 $337,170 $8,664 6.88%
    15 Year 6 $1,760,000 $293,333 $7,451 6.02%
    20 Year 1 $325,000 $325,000 $6,271 5.75%
    Other 1 $265,000 $265,000 $3,493 7.13%

    For 2023, Lending Capital Group Inc's most frequently cited loan duration was 30 Year, with 341 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 121 $39,455,000 $326,074
    $5k+ 104 $41,930,000 $403,173
    $2k-3k 39 $10,695,000 $274,231
    $4k-5k 36 $10,230,000 $284,167
    $3k-4k 33 $8,555,000 $259,242
    $<1k 16 $6,460,000 $403,750

    Lending Capital Group Inc's average total fees were $8,664, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 121 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 193 $67,115,000 $347,746
    7-8% 115 $37,415,000 $325,348
    5-6% 36 $11,560,000 $321,111
    Over 8% 5 $1,235,000 $247,000

    During 2023, Lending Capital Group Inc's average interest rate for loans was 6.88%, while their most frequently originated rate bucket for loans was 6-7%, with 193 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 193 $55,825,000 $289,249 $8,090 6.88%
    $400k-600k 75 $36,255,000 $483,400 $11,060 6.78%
    $100k-200k 52 $8,250,000 $158,654 $5,845 6.90%
    $600k-1MM 25 $16,675,000 $667,000 $11,741 6.80%
    $100,000 or less 4 $320,000 $80,000 $4,310 7.06%

    2023 saw Lending Capital Group Inc place emphasis on $200k-400k loans with 193 originations, totaling $55,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 93 $34,145,000 $367,151 $9,560 6.97%
    $75k-100k 78 $24,470,000 $313,718 $8,873 6.80%
    $50k-75k 68 $16,480,000 $242,353 $7,301 6.59%
    $150k-250k 64 $26,680,000 $416,875 $8,901 6.94%
    $250k+ 31 $12,785,000 $412,419 $8,354 6.91%
    $50k or less 15 $2,765,000 $184,333 $6,565 7.25%

    Lending Capital Group Inc lent most frequently to those with incomes in the $100k-150k range, with 93 originations. The second most popular income band? $75k-100k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 44 $15,710,000 $357,045 $12,587 6.65%
    49% 43 $15,615,000 $363,140 $9,034 7.04%
    30-36% 41 $13,835,000 $337,439 $7,972 6.81%
    20-30% 26 $7,680,000 $295,385 $7,514 6.94%
    46% 24 $8,170,000 $340,417 $7,628 6.71%
    48% 23 $8,115,000 $352,826 $8,986 6.93%
    45% 20 $6,980,000 $349,000 $8,526 6.97%
    43% 19 $6,075,000 $319,737 $7,013 6.91%
    44% 17 $6,435,000 $378,529 $8,646 6.72%
    47% 15 $5,425,000 $361,667 $8,040 7.04%
    37% 13 $4,475,000 $344,231 $8,170 6.77%
    42% 11 $3,135,000 $285,000 $10,719 6.33%
    41% 11 $3,135,000 $285,000 $6,911 6.83%
    40% 9 $2,575,000 $286,111 $6,149 6.69%
    36% 9 $2,585,000 $287,222 $7,382 6.86%
    39% 8 $2,400,000 $300,000 $6,319 6.72%
    38% 8 $3,250,000 $406,250 $7,893 7.05%
    <20% 6 $1,320,000 $220,000 $5,072 7.31%
    >60% 1 $245,000 $245,000 $0 9.13%

    Lending Capital Group Inc lent most frequently to those with DTI ratios of 50-60%, with 44 originations. The next most common DTI ratio? 49%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 298 $100,090,000 $335,872 $8,766 6.87%
    Asian 38 $13,850,000 $364,474 $7,233 6.76%
    Black 13 $3,385,000 $260,385 $9,403 6.82%

    Approval Rates

    Total approvals of all applications
    96.91%

    Lending Capital Group Inc 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
    74.79%

    Lending Capital Group Inc has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 349 $117,325,000 $336,175

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    349 $117,325,000 $336,175

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $720,000 $120,000 $4,725 6.46%
    40-60% 21 $6,195,000 $295,000 $6,981 6.92%
    60-80% 138 $42,850,000 $310,507 $7,735 6.91%
    80-100% 184 $67,560,000 $367,174 $9,591 6.82%