Lending Capital Group Inc Mortgage Rates, Fees & Info

Feasterville Trevose, PA

LEI: 2549003GSJF52BBIBW81

Tax ID: 82-2937768

3.6 stars - out of 5 stars, based on 30 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

902

Origination Dollar Volume (All Markets)

$261,190,000

Relative 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 applications
97.92%

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 origination
88.40%

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%