Lending Capital Group Inc Mortgage Rates, Fees & Info
Feasterville Trevose, PALEI: 2549003GSJF52BBIBW81
Tax ID: 82-2937768
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Mortgage Data
Review & 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 by origination volume include: Philadelphia, New York, Hartford, Trenton, and Miami among others. We have data for 32 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 an average 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.75% | 4/21/24 |
| 30 Year Conventional Refi | 6.75% | 4/21/24 |
| 30 Year Cash-out Refi | 7.04% | 4/21/24 |
| 30 Year FHA Purchase | 7.43% | 4/21/24 |
| 30 Year FHA Refi | 7.28% | 4/21/24 |
| 30 Year VA Purchase | 6.27% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.17% | 4/21/24 |
| 15 Year Conventional Refi | 6.30% | 4/21/24 |
| 15 Year Cash-out Refi | 6.30% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
902Origination Dollar Volume (All Markets)
$261,190,000Top 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) | 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% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 783 | $223,405,000 | $285,319 | $5,226 | 3.02% |
| FHA | 119 | $37,785,000 | $317,521 | $11,221 | 2.97% |
For 2021, Lending Capital Group Inc's most frequently originated type of loan was Conventional, with 783 originations. Their 2nd most popular type was FHA, with 119 originations.
Loan Reason
For 2021, Lending Capital Group Inc's most frequently cited loan purpose was Home Purchase, with 556 originations. The 2nd most popular reason was Refi, with 339 originations.
Loan Duration/Length
For 2021, Lending Capital Group Inc's most frequently cited loan duration was 30 Year, with 762 originations. The 2nd most popular length was 15 Year, with 113 originations.
Origination Fees/Closing Costs
Lending Capital Group Inc's average total fees were $6,240, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.11%, while their most frequently originated rate bucket for loans was 3-4%, with 396 originations.
Loan Sizing
2021 saw Lending Capital Group Inc place emphasis on $200k-400k loans with 517 originations, totaling $151,625,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications96.28%
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 origination76.72%
Lending Capital Group Inc has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 902 | $261,190,000 | $289,568 |
LTV Distribution
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% |