Lending Capital Group Inc Mortgage Rates, Fees & Info
Feasterville Trevose, PALEI: 2549003GSJF52BBIBW81
Tax ID: 82-2937768
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Lending Capital Group Inc is a smaller mortgage company specializing in Home Purchase and Refi loans. Lending Capital Group Inc has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Philadelphia, New York, Hartford, Trenton, and Miami among others. Lending Capital Group Inc has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Lending Capital Group Inc is typically a high fee lendor.Originations
902Origination Dollar Volume (All Markets)
$261,190,000Relative Rate
Lending Capital Group Inc's average 30 year fixed rate mortgage of loans were
3.11%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.04%.
Relative Fees
Lending Capital Group Inc's average total fees for a 30 year fixed rate
mortgage are $6,240.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 713 | $209,775,000 | $294,215 | $6,011 | 3.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 61 | $20,025,000 | $328,279 | $7,033 | 3.09% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 24 | $5,680,000 | $236,667 | $5,017 | 3.08% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 13 | $3,385,000 | $260,385 | $5,823 | 2.93% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $3,090,000 | $257,500 | $5,216 | 3.22% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 8 | $2,140,000 | $267,500 | $3,958 | 3.02% |
| READING, PA (FHA|USDA|VA) | 7 | $1,965,000 | $280,714 | $7,156 | 3.19% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 6 | $1,820,000 | $303,333 | $5,652 | 2.96% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 4 | $1,480,000 | $370,000 | $11,590 | 3.06% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $4,503 | 3.22% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 8 | $1,230,000 | $153,750 | $4,098 | 2.82% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $5,210 | 3.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $5,521 | 3.19% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $5,127 | 3.12% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $7,934 | 3.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,526 | 3.31% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,170 | 2.88% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,082 | 3.12% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $7,009 | 3.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $4,038 | 3.34% |
| Torrington, CT (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $4,734 | 2.83% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,383 | 2.94% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,091 | 4.13% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,644 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,851 | 3.63% |
| Pottsville, PA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,636 | 3.38% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,136 | 2.75% |
| Outside of Metro Areas | 1 | $205,000 | $205,000 | $6,457 | 3.49% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,200 | 3.00% |
| Warren, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,311 | 3.25% |
| Bradford, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $9,044 | 2.25% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,897 | 3.25% |
Lending Capital Group Inc's top markets include Philadelphia, New York, Hartford, Trenton, and Miami among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 783 | $223,405,000 | $285,319 | $5,226 | 3.02% |
| FHA | 119 | $37,785,000 | $317,521 | $11,221 | 2.97% |
For the 2021 period, Lending Capital Group Inc's most frequently originated loan type of loans were Conventional, with 783 originations. Their 2nd most popular type is FHA, with 119 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 556 | $170,800,000 | $307,194 | $6,764 | 3.13% |
| Refi | 339 | $88,305,000 | $260,487 | $4,717 | 2.83% |
| Cash Out Refi | 6 | $1,650,000 | $275,000 | $4,268 | 2.92% |
| Home Improvement | 1 | $435,000 | $435,000 | $13,407 | 2.88% |
For the 2021, Lending Capital Group Inc's most frequently cited loan purpose of loans were Home Purchase, with 556 originations. The 2nd most popular reason of loans were Refi, with 339 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 762 | $224,800,000 | $295,013 | $6,240 | 3.11% |
| 15 Year | 113 | $29,255,000 | $258,894 | $4,685 | 2.44% |
| 20 Year | 18 | $5,200,000 | $288,889 | $4,792 | 2.87% |
| 10 Year | 5 | $1,035,000 | $207,000 | $3,450 | 2.07% |
| Other | 4 | $900,000 | $225,000 | $3,927 | 2.69% |
For the 2021, Lending Capital Group Inc's most frequently cited loan length of loans were 30 Year, with 762 originations. The 2nd most popular length of loans were 15 Year, with 113 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 689 | $194,795,000 | $282,721 |
| $3k-4k | 95 | $27,915,000 | $293,842 |
| $2k-3k | 57 | $15,995,000 | $280,614 |
| $5k+ | 53 | $20,515,000 | $387,075 |
| $<1k | 8 | $1,970,000 | $246,250 |
$6,240 of loans were Lending Capital Group Inc's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 689 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 396 | $109,700,000 | $277,020 |
| 2.5-3% | 378 | $115,420,000 | $305,344 |
| <2.5% | 122 | $34,520,000 | $282,951 |
| 4-5% | 6 | $1,550,000 | $258,333 |
During 2021, Lending Capital Group Inc's average interest rate of loans were 3.11%, while their most frequently originated rate bucket of loans were 3-4%, with 396 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 517 | $151,625,000 | $293,279 | $6,062 | 2.98% |
| $100k-200k | 209 | $32,415,000 | $155,096 | $4,491 | 3.07% |
| $400k-600k | 156 | $74,390,000 | $476,859 | $7,851 | 3.02% |
| $100,000 or less | 18 | $1,520,000 | $84,444 | $3,966 | 3.21% |
| $600k-1MM | 2 | $1,240,000 | $620,000 | $18,061 | 3.31% |
2021 saw Lending Capital Group Inc place emphasis on $200k-400k loans with 517 originations, totaling $151,625,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 258 | $67,970,000 | $263,450 | $6,276 | 3.03% |
| $75k-100k | 172 | $50,590,000 | $294,128 | $6,324 | 2.99% |
| $100k-150k | 166 | $55,200,000 | $332,530 | $6,090 | 3.00% |
| $150k-250k | 120 | $40,700,000 | $339,167 | $5,644 | 3.01% |
| $50k or less | 119 | $23,525,000 | $197,689 | $5,240 | 3.06% |
| $250k+ | 66 | $22,900,000 | $346,970 | $5,728 | 3.01% |
Lending Capital Group Inc lent most frequently to those with incomes in the $50k-75k range, with 258 originations. The second most popular income band? $75k-100k, with 172 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 147 | $40,935,000 | $278,469 | $5,382 | 2.99% |
| 20-30% | 132 | $37,950,000 | $287,500 | $5,444 | 2.96% |
| 50-60% | 56 | $18,210,000 | $325,179 | $10,803 | 2.96% |
| 49% | 54 | $16,440,000 | $304,444 | $6,356 | 3.03% |
| 43% | 48 | $12,850,000 | $267,708 | $5,865 | 3.15% |
| <20% | 45 | $12,325,000 | $273,889 | $5,109 | 2.96% |
| 44% | 44 | $14,020,000 | $318,636 | $6,995 | 3.00% |
| 45% | 42 | $13,060,000 | $310,952 | $5,907 | 3.15% |
| 41% | 42 | $13,200,000 | $314,286 | $5,938 | 3.02% |
| 42% | 37 | $9,865,000 | $266,622 | $5,078 | 3.07% |
| 39% | 34 | $10,280,000 | $302,353 | $5,422 | 3.00% |
| 48% | 33 | $10,545,000 | $319,545 | $6,349 | 3.12% |
| 47% | 33 | $9,035,000 | $273,788 | $5,953 | 3.09% |
| 37% | 32 | $8,980,000 | $280,625 | $4,951 | 3.01% |
| 46% | 32 | $8,690,000 | $271,563 | $6,036 | 3.11% |
| 40% | 31 | $8,605,000 | $277,581 | $5,172 | 2.97% |
| 38% | 29 | $7,635,000 | $263,276 | $4,788 | 2.95% |
| 36% | 21 | $5,365,000 | $255,476 | $5,834 | 3.08% |
| >60% | 9 | $2,895,000 | $321,667 | $9,518 | 2.57% |
Lending Capital Group Inc lent most frequently to those with DTI ratios of 30-36%, with 147 originations. The next most common DTI ratio? 20-30%, with 132 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 762 | $221,370,000 | $290,512 | $6,001 | 3.03% |
| Asian | 109 | $32,265,000 | $296,009 | $5,662 | 2.88% |
| Black | 25 | $6,095,000 | $243,800 | $7,199 | 3.04% |
| Not provided | 2 | $700,000 | $350,000 | $8,296 | 3.00% |
| American Indian | 2 | $330,000 | $165,000 | $4,975 | 3.69% |
| Native Hawaiian | 1 | $255,000 | $255,000 | $4,059 | 3.00% |
| Not applicable | 1 | $175,000 | $175,000 | $3,619 | 3.13% |
Approval Rates
Total approvals of all applications97.92%
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 origination88.40%
Lending Capital Group Inc has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 902 | $261,190,000 | $289,568 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 902 | $261,190,000 | $289,568 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 20 | $4,040,000 | $202,000 | $4,181 | 2.78% |
| 40-60% | 148 | $37,120,000 | $250,811 | $4,558 | 2.78% |
| 60-80% | 361 | $102,795,000 | $284,751 | $5,319 | 3.09% |
| 80-100% | 372 | $116,930,000 | $314,328 | $7,326 | 3.05% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Lending Club Corp | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Lending Club Corp | Other type of mortgage | Trouble during payment process | 1 | 50.0% |
