Lending Capital Group Inc Mortgage Rates, Fees & Info

Feasterville Trevose, PA

LEI: 2549003GSJF52BBIBW81

Tax ID: 82-2937768

1.6 stars - Updated: 2/26/24 - out of 5 stars, based on 22 reviews

Latest/2022 | 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, New York, East Stroudsburg, Reading, and Allentown among others. We have data for 27 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% 2/26/24
30 Year Conventional Refi 6.75% 2/26/24
30 Year Cash-out Refi 7.04% 2/26/24
30 Year FHA Purchase 7.43% 2/26/24
30 Year FHA Refi 7.28% 2/26/24
30 Year VA Purchase 6.27% 2/26/24
30 Year VA Refi 6.27% 2/26/24
15 Year Conventional Purchase 6.17% 2/26/24
15 Year Conventional Refi 6.30% 2/26/24
15 Year Cash-out Refi 6.30% 2/26/24
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

501

Origination Dollar Volume (All Markets)

$161,505,000

Relative Rate

Lending Capital Group Inc's average 30 year fixed mortgage rate was 5.17%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.41%.

Relative Fees (Closing Costs)

Lending Capital Group Inc's average total fees/closing costs for a 30 year fixed rate mortgage were $8,654.

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 $4,750.

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) 386 $125,930,000 $326,244 $8,374 5.10%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 33 $14,055,000 $425,909 $13,413 4.78%
EAST STROUDSBURG, PA (FHA|USDA|VA) 12 $2,760,000 $230,000 $8,009 5.54%
READING, PA (FHA|USDA|VA) 9 $2,185,000 $242,778 $6,612 5.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 6 $1,800,000 $300,000 $7,365 4.56%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,575,000 $525,000 $7,610 6.04%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $1,490,000 $248,333 $6,120 5.85%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,330,000 $332,500 $5,036 3.72%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,255,000 $251,000 $8,771 5.67%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 5 $1,125,000 $225,000 $5,717 4.65%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 6 $1,120,000 $186,667 $5,424 4.31%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $950,000 $237,500 $4,603 4.15%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $830,000 $415,000 $5,839 5.19%
ERIE, PA (FHA|USDA|VA) 1 $645,000 $645,000 $7,118 2.99%
LEBANON, PA (FHA|USDA|VA) 2 $520,000 $260,000 $4,491 3.31%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $505,000 $505,000 $6,207 5.38%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $490,000 $245,000 $8,945 6.06%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $460,000 $230,000 $9,974 6.81%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $385,000 $385,000 $7,544 4.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $375,000 $375,000 $17,777 4.13%
OCEAN CITY, NJ (FHA|USDA|VA) 2 $370,000 $185,000 $6,865 3.87%
Pottsville, PA (FHA|USDA|VA) 2 $270,000 $135,000 $6,464 6.56%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $270,000 $135,000 $7,414 4.19%
LANCASTER, PA (FHA|USDA|VA) 1 $245,000 $245,000 $6,986 7.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $225,000 $225,000 $10,821 5.50%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $205,000 $205,000 $4,506 4.13%
Huntingdon, PA (FHA|USDA|VA) 1 $135,000 $135,000 $6,101 5.88%
Lending Capital Group Inc's top markets include Philadelphia, New York, East Stroudsburg, Reading, and Allentown among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 424 $135,220,000 $318,915 $7,310 5.11%
    FHA 77 $26,285,000 $341,364 $14,978 4.85%

    For 2022, Lending Capital Group Inc's most frequently originated type of loan was Conventional, with 424 originations. Their 2nd most popular type was FHA, with 77 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 453 $148,445,000 $327,693 $8,687 5.14%
    Refi 47 $12,855,000 $273,511 $6,396 4.41%
    Cash Out Refi 1 $205,000 $205,000 $6,435 7.50%

    For 2022, Lending Capital Group Inc's most frequently cited loan purpose was Home Purchase, with 453 originations. The 2nd most popular reason was Refi, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 467 $151,755,000 $324,957 $8,654 5.17%
    15 Year 32 $9,200,000 $287,500 $6,047 3.83%
    20 Year 1 $285,000 $285,000 $4,443 2.50%
    Other 1 $265,000 $265,000 $4,712 4.38%

    For 2022, Lending Capital Group Inc's most frequently cited loan duration was 30 Year, with 467 originations. The 2nd most popular length was 15 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 206 $64,760,000 $314,369
    $5k+ 140 $53,740,000 $383,857
    $4k-5k 59 $18,475,000 $313,136
    $3k-4k 45 $12,485,000 $277,444
    $2k-3k 43 $10,115,000 $235,233
    $<1k 7 $1,745,000 $249,286

    Lending Capital Group Inc's average total fees were $8,654, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 206 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 191 $62,445,000 $326,937
    4-5% 122 $39,160,000 $320,984
    3-4% 88 $28,890,000 $328,295
    6-7% 66 $20,600,000 $312,121
    2.5-3% 16 $4,670,000 $291,875
    7-8% 13 $3,655,000 $281,154
    <2.5% 3 $1,105,000 $368,333
    Over 8% 2 $980,000 $490,000

    During 2022, Lending Capital Group Inc's average interest rate for loans was 5.17%, while their most frequently originated rate bucket for loans was 5-6%, with 191 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 275 $80,665,000 $293,327 $8,059 5.02%
    $400k-600k 105 $50,075,000 $476,905 $11,127 5.12%
    $100k-200k 89 $13,895,000 $156,124 $5,637 5.17%
    $600k-1MM 25 $16,285,000 $651,400 $12,948 5.13%
    $100,000 or less 7 $585,000 $83,571 $4,585 5.18%

    2022 saw Lending Capital Group Inc place emphasis on $200k-400k loans with 275 originations, totaling $80,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 136 $35,730,000 $262,721 $7,409 4.99%
    $100k-150k 120 $43,540,000 $362,833 $8,761 5.13%
    $75k-100k 111 $35,235,000 $317,432 $9,480 5.04%
    $150k-250k 67 $28,955,000 $432,164 $10,082 5.28%
    $50k or less 44 $8,420,000 $191,364 $6,224 4.84%
    $250k+ 23 $9,625,000 $418,478 $7,892 5.25%

    Lending Capital Group Inc lent most frequently to those with incomes in the $50k-75k range, with 136 originations. The second most popular income band? $100k-150k, with 120 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 58 $17,080,000 $294,483 $7,135 5.01%
    50-60% 56 $18,720,000 $334,286 $11,927 5.23%
    49% 53 $17,385,000 $328,019 $8,568 5.26%
    20-30% 43 $11,775,000 $273,837 $6,467 5.11%
    44% 35 $11,875,000 $339,286 $8,863 5.24%
    45% 32 $11,980,000 $374,375 $10,246 5.16%
    48% 28 $8,220,000 $293,571 $8,182 5.07%
    40% 25 $7,345,000 $293,800 $8,557 4.64%
    41% 23 $7,755,000 $337,174 $7,852 5.13%
    43% 21 $7,475,000 $355,952 $9,877 5.25%
    47% 19 $7,335,000 $386,053 $8,269 5.47%
    46% 18 $5,460,000 $303,333 $8,759 4.78%
    37% 17 $4,875,000 $286,765 $7,085 4.73%
    36% 17 $4,575,000 $269,118 $6,658 5.14%
    39% 16 $5,770,000 $360,625 $7,310 4.68%
    <20% 14 $5,070,000 $362,143 $6,879 4.45%
    38% 14 $5,500,000 $392,857 $8,787 5.05%
    42% 12 $3,310,000 $275,833 $7,213 4.93%

    Lending Capital Group Inc lent most frequently to those with DTI ratios of 30-36%, with 58 originations. The next most common DTI ratio? 50-60%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 437 $139,625,000 $319,508 $8,244 5.09%
    Asian 35 $13,735,000 $392,429 $9,782 5.14%
    Black 26 $7,210,000 $277,308 $10,466 4.66%
    Not provided 2 $640,000 $320,000 $8,085 6.25%
    Native Hawaiian or Islander 1 $295,000 $295,000 $8,903 5.88%

    Approval Rates

    Total approvals of all applications
    96.40%

    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
    77.05%

    Lending Capital Group Inc has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 501 $161,505,000 $322,365

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    501 $161,505,000 $322,365

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $2,055,000 $228,333 $4,943 4.62%
    40-60% 28 $6,810,000 $243,214 $6,311 4.61%
    60-80% 180 $56,220,000 $312,333 $7,406 5.14%
    80-100% 281 $96,105,000 $342,011 $9,540 5.10%
    Under 20% 3 $315,000 $105,000 $3,787 4.79%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    LAND HOME FINANCIAL SERVICES Conventional home mortgage Trouble during payment process 1 100.0%