So-cal Capital Mortgage Rates, Fees & Info
NEWPORT BEACH, CALEI: 2549004ODQE9FVROV477
Tax ID: 27-2524146
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
So-cal Capital is a smaller mortgage company specializing in Refi and Cash Out 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 an above average pick rate when compared to similar lenders.
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Originations
23Origination Dollar Volume (All Markets)
$22,595,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 23 | $22,595,000 | $982,391 | $0 | 9.76% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 23 | $22,595,000 | $982,391 | $0 | 9.76% |
For 2022, So-cal Capital's most frequently originated type of loan was Conventional, with 23 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 11 | $13,345,000 | $1,213,182 | $0 | 9.58% |
| Cash Out Refi | 7 | $5,915,000 | $845,000 | $0 | 10.25% |
| Home Purchase | 5 | $3,335,000 | $667,000 | $0 | 9.16% |
For 2022, So-cal Capital's most frequently cited loan purpose was Refi, with 11 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
For 2022, So-cal Capital's most frequently cited loan duration was Other, with 13 originations. The 2nd most popular length was 1 Year, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 13 | $12,025,000 | $925,000 |
| 7-8% | 2 | $4,150,000 | $2,075,000 |
During 2022, 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 13 originations.
Loan Sizing
2022 saw So-cal Capital place emphasis on $1MM+ loans with 7 originations, totaling $15,915,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.00%
So-cal Capital has a below average approval rate.
Pick Rate
Approvals leading to origination95.65%
So-cal Capital has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 23 | $22,595,000 | $982,391 |