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 and Refi loans. So-cal Capital has a high proportion of conventional loans.

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

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    Originations

    32

    Origination Dollar Volume (All Markets)

    $13,790,000

    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 32 $13,790,000 $430,938 $0 10.28%
    So-cal Capital's top markets include

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 32 $13,790,000 $430,938 $0 10.28%

    For 2020, So-cal Capital's most frequently originated type of loan was Conventional, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 17 $5,185,000 $305,000 $0 10.63%
    Refi 12 $6,840,000 $570,000 $0 9.91%
    Home Purchase 3 $1,765,000 $588,333 $0 9.75%

    For 2020, So-cal Capital's most frequently cited loan purpose was Cash Out Refi, with 17 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 16 $7,250,000 $453,125 $0 10.55%
    3 Year 8 $2,980,000 $372,500 $0 10.06%
    1 Year 4 $2,080,000 $520,000 $0 11.44%
    5 Year 4 $1,480,000 $370,000 $0 8.50%

    For 2020, So-cal Capital's most frequently cited loan duration was Other, with 16 originations. The 2nd most popular length was 3 Year, with 8 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 29 $12,675,000 $437,069
    7-8% 3 $1,115,000 $371,667

    During 2020, 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 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 10 $2,540,000 $254,000 $0 9.25%
    $100k-200k 8 $1,190,000 $148,750 $0 11.31%
    $600k-1MM 5 $3,695,000 $739,000 $0 9.80%
    $1MM+ 4 $4,680,000 $1,170,000 $0 10.00%
    $400k-600k 3 $1,505,000 $501,667 $0 11.00%
    $100,000 or less 2 $180,000 $90,000 $0 12.00%

    2020 saw So-cal Capital place emphasis on $200k-400k loans with 10 originations, totaling $2,540,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 22 $10,480,000 $476,364 $0 10.35%
    White 5 $2,025,000 $405,000 $0 9.85%
    Not applicable 2 $600,000 $300,000 $0 9.49%
    Black 2 $430,000 $215,000 $0 11.50%
    Chinese 1 $255,000 $255,000 $0 10.00%

    Approval Rates

    Total approvals of all applications
    89.19%

    So-cal Capital has an average approval rate.

    Pick Rate

    Approvals leading to origination
    31.25%

    So-cal Capital has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 32 $13,790,000 $430,938

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 32 $13,790,000 $430,938