So-cal Capital Mortgage Rates, Fees & Info

NEWPORT BEACH, CA

LEI: 2549004ODQE9FVROV477

Tax ID: 27-2524146

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    So-cal Capital is a smaller mortgage company specializing in Cash Out Refi, Refi, and Other loans. So-cal Capital has a high proportion of conventional loans.

    So-cal Capital has a below average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

    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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    Originations

    30

    Origination Dollar Volume (All Markets)

    $10,550,000

    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
    Outside of Metro Areas 30 $10,550,000 $351,667 $0 10.26%
    So-cal Capital's top markets include

    Their top states include:
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 30 $10,550,000 $351,667 $0 10.26%

    For 2018, So-cal Capital's most frequently originated type of loan was Conventional, with 30 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 15 $4,075,000 $271,667 $0 10.49%
    Refi 9 $3,735,000 $415,000 $0 10.11%
    Other 5 $2,465,000 $493,000 $0 10.00%
    Home Purchase 1 $275,000 $275,000 $0 9.50%

    For 2018, So-cal Capital's most frequently cited loan purpose was Cash Out Refi, with 15 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 13 $5,165,000 $397,308 $0 10.38%
    1 Year 10 $3,680,000 $368,000 $0 10.30%
    3 Year 5 $1,285,000 $257,000 $0 10.09%
    5 Year 2 $420,000 $210,000 $0 9.75%

    For 2018, So-cal Capital's most frequently cited loan duration was Other, with 13 originations. The 2nd most popular length was 1 Year, with 10 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 30 $10,550,000 $351,667

    During 2018, So-cal Capital's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 30 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 10 $1,340,000 $134,000 $0 10.25%
    $200k-400k 7 $2,175,000 $310,714 $0 10.00%
    $600k-1MM 5 $3,575,000 $715,000 $0 10.30%
    $400k-600k 4 $2,040,000 $510,000 $0 10.62%
    $100,000 or less 3 $235,000 $78,333 $0 10.99%
    $1MM+ 1 $1,185,000 $1,185,000 $0 8.50%

    2018 saw So-cal Capital place emphasis on $100k-200k loans with 10 originations, totaling $1,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 8 $2,280,000 $285,000 $0 10.56%
    $75k-100k 6 $2,450,000 $408,333 $0 10.16%
    $50k-75k 4 $1,770,000 $442,500 $0 9.50%
    $50k or less 3 $1,145,000 $381,667 $0 10.66%
    $100k-150k 2 $510,000 $255,000 $0 9.25%
    $150k-250k 1 $275,000 $275,000 $0 9.50%

    So-cal Capital lent most frequently to those with incomes in the $250k+ range, with 8 originations. The second most popular income band? $75k-100k, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 15 $5,685,000 $379,000 $0 9.96%
    White 7 $2,565,000 $366,429 $0 10.43%
    Not applicable 4 $1,490,000 $372,500 $0 10.37%
    Asian 4 $810,000 $202,500 $0 10.99%

    Approval Rates

    Total approvals of all applications
    55.17%

    So-cal Capital has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    93.33%

    So-cal Capital has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 30 $10,550,000 $351,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 30 $10,550,000 $351,667

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $1,035,000 $207,000 $0 10.40%
    40-60% 7 $3,055,000 $436,429 $0 9.35%
    60-80% 4 $1,450,000 $362,500 $0 9.62%
    Over 100% 3 $2,035,000 $678,333 $0 10.00%
    Under 20% 11 $2,975,000 $270,455 $0 11.08%