Watermark Capital Mortgage Rates, Fees & Info

Irvine, CA

LEI: 2549005Q4HZ55QX7YC64

Tax ID: 20-4255880

5 stars - out of 5 stars, based on 97 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Watermark Capital is a mid-sized mortgage company specializing in Refi and Cash Out Refi loans. Watermark Capital has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Phoenix, San Francisco, Riverside, and San Diego among others. We have data for 332 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Watermark Capital 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. Watermark Capital 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.67% 12/4/22
    30 Year Conventional Refi 6.45% 12/4/22
    30 Year Cash-out Refi 6.59% 12/4/22
    30 Year FHA Purchase 7.53% 12/4/22
    30 Year FHA Refi 7.21% 12/4/22
    30 Year VA Purchase 6.40% 12/4/22
    30 Year VA Refi 6.06% 12/4/22
    15 Year Conventional Purchase 5.79% 12/4/22
    15 Year Conventional Refi 5.74% 12/4/22
    15 Year Cash-out Refi 5.74% 12/4/22
    15 Year FHA Refi 5.76% 12/4/22
    15 Year VA Refi 5.75% 12/4/22
    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.


    Originations

    9,486

    Origination Dollar Volume (All Markets)

    $3,324,970,000
    Show all (123) awards

    Relative Rate

    Watermark Capital's average 30 year fixed mortgage rate was 2.82%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.33%.

    Relative Fees (Closing Costs)

    Watermark Capital's average total fees/closing costs for a 30 year fixed rate mortgage were $3,886.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1,700 $824,900,000 $485,235 $4,181 2.73%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1,123 $360,385,000 $320,913 $3,366 2.78%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 426 $204,710,000 $480,540 $3,467 2.61%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 553 $174,565,000 $315,669 $3,346 2.67%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 387 $156,275,000 $403,811 $3,300 2.61%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 379 $148,785,000 $392,573 $5,732 2.84%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 290 $107,200,000 $369,655 $3,464 2.49%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 354 $106,540,000 $300,960 $3,124 2.55%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 173 $85,395,000 $493,613 $3,804 2.52%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 213 $62,275,000 $292,371 $3,290 2.66%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 162 $62,080,000 $383,210 $3,295 2.56%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 132 $58,290,000 $441,591 $3,529 2.69%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 131 $42,075,000 $321,183 $4,429 2.64%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 94 $33,930,000 $360,957 $3,051 2.64%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 93 $29,125,000 $313,172 $3,092 2.65%
    STOCKTON, CA (FHA|USDA|VA) 84 $27,890,000 $332,024 $2,993 2.71%
    TUCSON, AZ (FHA|USDA|VA) 102 $24,690,000 $242,059 $3,454 2.63%
    FRESNO, CA (FHA|USDA|VA) 93 $23,525,000 $252,957 $2,927 2.60%
    BAKERSFIELD, CA (FHA|USDA|VA) 91 $22,725,000 $249,725 $3,700 2.69%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 63 $22,355,000 $354,841 $3,251 2.72%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 72 $20,400,000 $283,333 $3,388 2.66%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 65 $20,045,000 $308,385 $3,745 2.60%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 57 $20,045,000 $351,667 $3,882 2.50%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 63 $19,335,000 $306,905 $4,325 2.64%
    Outside of Metro Areas 77 $19,095,000 $247,987 $3,686 2.73%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 80 $19,040,000 $238,000 $3,385 2.46%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 51 $19,035,000 $373,235 $3,067 2.59%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 78 $18,910,000 $242,436 $3,321 2.66%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 36 $17,820,000 $495,000 $3,837 2.79%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 76 $17,650,000 $232,237 $3,907 2.53%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 46 $17,580,000 $382,174 $3,073 2.62%
    RENO, NV (FHA|USDA|VA) 52 $16,200,000 $311,538 $3,445 2.61%
    WORCESTER, MA-CT (FHA|USDA|VA) 54 $14,810,000 $274,259 $3,426 2.49%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 70 $14,450,000 $206,429 $4,146 2.57%
    BOISE CITY, ID (FHA|USDA|VA) 47 $12,675,000 $269,681 $4,013 2.66%
    RALEIGH-CARY, NC (FHA|USDA|VA) 50 $12,670,000 $253,400 $3,217 2.72%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 28 $12,210,000 $436,071 $2,901 2.65%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 50 $12,100,000 $242,000 $2,776 2.69%
    SALT LAKE CITY, UT (FHA|USDA|VA) 43 $12,075,000 $280,814 $3,006 2.55%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 42 $11,710,000 $278,810 $3,099 2.60%
    VALLEJO, CA (FHA|USDA|VA) 35 $11,615,000 $331,857 $3,512 2.55%
    MODESTO, CA (FHA|USDA|VA) 43 $11,565,000 $268,953 $2,848 2.66%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 46 $11,120,000 $241,739 $3,158 2.69%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 45 $10,535,000 $234,111 $3,329 2.76%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 37 $9,865,000 $266,622 $3,646 2.71%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 31 $9,535,000 $307,581 $3,351 2.71%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 33 $9,255,000 $280,455 $2,814 2.59%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 40 $8,840,000 $221,000 $3,586 2.48%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 25 $8,715,000 $348,600 $3,273 2.53%
    SALINAS, CA (FHA|USDA|VA) 25 $8,575,000 $343,000 $3,439 2.49%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 36 $8,180,000 $227,222 $2,610 2.66%
    VISALIA, CA (FHA|USDA|VA) 32 $8,180,000 $255,625 $3,259 2.57%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 35 $8,105,000 $231,571 $2,679 2.47%
    RICHMOND, VA (FHA|USDA|VA) 30 $7,150,000 $238,333 $2,683 2.47%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 33 $7,015,000 $212,576 $4,455 2.60%
    PROVO-OREM, UT (FHA|USDA|VA) 24 $6,850,000 $285,417 $3,281 2.67%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 32 $6,740,000 $210,625 $2,842 2.62%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 21 $6,625,000 $315,476 $3,197 2.45%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 29 $6,315,000 $217,759 $3,249 2.65%
    SPRINGFIELD, MA (FHA|USDA|VA) 26 $6,280,000 $241,538 $3,059 2.54%
    TULSA, OK (FHA|USDA|VA) 29 $6,025,000 $207,759 $4,118 2.45%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 22 $5,970,000 $271,364 $3,889 2.87%
    FLAGSTAFF, AZ (FHA|USDA|VA) 17 $5,175,000 $304,412 $2,951 2.69%
    CHICO, CA (FHA|USDA|VA) 20 $4,930,000 $246,500 $3,116 2.57%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 20 $4,580,000 $229,000 $3,057 2.52%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 15 $4,235,000 $282,333 $3,336 2.44%
    Show Low, AZ (FHA|USDA|VA) 13 $4,185,000 $321,923 $3,826 2.85%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 17 $4,175,000 $245,588 $3,254 2.76%
    ALBUQUERQUE, NM (FHA|USDA|VA) 20 $4,060,000 $203,000 $3,455 2.71%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 17 $3,995,000 $235,000 $3,628 2.46%
    JACKSONVILLE, FL (FHA|USDA|VA) 18 $3,900,000 $216,667 $3,707 2.57%
    REDDING, CA (FHA|USDA|VA) 17 $3,725,000 $219,118 $3,324 2.69%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 13 $3,675,000 $282,692 $4,197 2.46%
    ST. GEORGE, UT (FHA|USDA|VA) 12 $3,400,000 $283,333 $2,847 2.67%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 15 $3,185,000 $212,333 $3,556 2.66%
    KNOXVILLE, TN (FHA|USDA|VA) 14 $3,120,000 $222,857 $2,999 2.72%
    ASHEVILLE, NC (FHA|USDA|VA) 11 $3,045,000 $276,818 $3,847 2.82%
    Heber, UT (FHA|USDA|VA) 6 $2,960,000 $493,333 $2,886 2.60%
    COLUMBUS, OH (FHA|USDA|VA) 10 $2,860,000 $286,000 $2,932 2.42%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 11 $2,855,000 $259,545 $2,784 2.64%
    NAPA, CA (FHA|USDA|VA) 7 $2,845,000 $406,429 $3,026 2.58%
    MERCED, CA (FHA|USDA|VA) 12 $2,790,000 $232,500 $2,563 2.28%
    PITTSBURGH, PA (FHA|USDA|VA) 15 $2,735,000 $182,333 $4,084 2.67%
    BEND, OR (FHA|USDA|VA) 8 $2,430,000 $303,750 $3,204 2.64%
    MADISON, WI (FHA|USDA|VA) 9 $2,415,000 $268,333 $2,580 2.46%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 9 $2,305,000 $256,111 $3,526 2.82%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 11 $2,255,000 $205,000 $2,745 2.67%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 10 $2,220,000 $222,000 $3,653 2.86%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 8 $2,160,000 $270,000 $2,971 2.64%
    Eureka-Arcata, CA (FHA|USDA|VA) 9 $2,085,000 $231,667 $2,790 2.61%
    FORT COLLINS, CO (FHA|USDA|VA) 7 $2,075,000 $296,429 $3,292 2.79%
    Athens, TX (FHA|USDA|VA) 3 $2,045,000 $681,667 $13,784 2.79%
    EL CENTRO, CA (FHA|USDA|VA) 10 $2,040,000 $204,000 $2,617 2.82%
    MADERA, CA (FHA|USDA|VA) 10 $2,030,000 $203,000 $3,692 2.73%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 8 $1,990,000 $248,750 $2,750 2.58%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 10 $1,990,000 $199,000 $3,250 2.62%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 7 $1,975,000 $282,143 $3,703 2.55%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 8 $1,920,000 $240,000 $3,332 2.72%
    CARSON CITY, NV (FHA|USDA|VA) 6 $1,850,000 $308,333 $3,466 2.73%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 9 $1,795,000 $199,444 $5,214 2.57%
    BOULDER, CO (FHA|USDA|VA) 6 $1,780,000 $296,667 $3,699 2.75%
    Red Bluff, CA (FHA|USDA|VA) 7 $1,705,000 $243,571 $3,002 2.55%
    JACKSON, MS (FHA|USDA|VA) 6 $1,700,000 $283,333 $3,656 3.40%
    Sonora, CA (FHA|USDA|VA) 8 $1,680,000 $210,000 $2,924 2.78%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 8 $1,660,000 $207,500 $2,957 2.51%
    Kapaa, HI (FHA|USDA|VA) 2 $1,650,000 $825,000 $5,038 3.00%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 6 $1,640,000 $273,333 $3,055 2.71%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $1,635,000 $545,000 $5,642 3.54%
    Outside of Metro Areas 7 $1,595,000 $227,857 $3,276 2.79%
    Payson, AZ (FHA|USDA|VA) 5 $1,535,000 $307,000 $2,853 2.97%
    SALEM, OR (FHA|USDA|VA) 6 $1,530,000 $255,000 $4,168 2.50%
    YUBA CITY, CA (FHA|USDA|VA) 7 $1,525,000 $217,857 $2,779 2.48%
    EL PASO, TX (FHA|USDA|VA) 9 $1,505,000 $167,222 $3,581 2.49%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 8 $1,500,000 $187,500 $2,857 2.58%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 5 $1,495,000 $299,000 $4,952 2.95%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 5 $1,485,000 $297,000 $3,149 2.67%
    URBAN HONOLULU, HI (FHA|USDA|VA) 5 $1,465,000 $293,000 $4,338 2.58%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $1,460,000 $365,000 $3,506 2.66%
    YUMA, AZ (FHA|USDA|VA) 8 $1,420,000 $177,500 $2,964 2.72%
    Torrington, CT (FHA|USDA|VA) 7 $1,415,000 $202,143 $3,990 2.61%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 8 $1,380,000 $172,500 $2,946 2.51%
    PITTSFIELD, MA (FHA|USDA|VA) 6 $1,290,000 $215,000 $4,262 2.58%
    YORK-HANOVER, PA (FHA|USDA|VA) 6 $1,260,000 $210,000 $4,089 2.71%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 4 $1,260,000 $315,000 $2,917 2.41%
    LANCASTER, PA (FHA|USDA|VA) 6 $1,260,000 $210,000 $4,117 2.54%
    HARRISONBURG, VA (FHA|USDA|VA) 3 $1,255,000 $418,333 $4,966 2.54%
    Clearlake, CA (FHA|USDA|VA) 6 $1,240,000 $206,667 $2,826 2.62%
    DULUTH, MN-WI (FHA|USDA|VA) 4 $1,230,000 $307,500 $2,375 2.69%
    GRAND JUNCTION, CO (FHA|USDA|VA) 6 $1,220,000 $203,333 $3,611 2.90%
    BELLINGHAM, WA (FHA|USDA|VA) 3 $1,205,000 $401,667 $2,775 2.71%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,145,000 $229,000 $3,261 2.50%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $1,140,000 $285,000 $2,953 2.44%
    Edwards, CO (FHA|USDA|VA) 2 $1,120,000 $560,000 $3,176 2.75%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 6 $1,080,000 $180,000 $3,784 2.73%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $1,070,000 $178,333 $3,067 2.69%
    ROANOKE, VA (FHA|USDA|VA) 6 $1,070,000 $178,333 $3,024 2.63%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $1,065,000 $213,000 $3,747 2.68%
    Hilo, HI (FHA|USDA|VA) 2 $990,000 $495,000 $3,647 2.81%
    WENATCHEE, WA (FHA|USDA|VA) 3 $985,000 $328,333 $3,275 2.63%
    Traverse City, MI (FHA|USDA|VA) 4 $970,000 $242,500 $2,856 2.25%
    LOGAN, UT-ID (FHA|USDA|VA) 4 $950,000 $237,500 $3,086 2.41%
    Fernley, NV (FHA|USDA|VA) 3 $905,000 $301,667 $3,126 2.96%
    COLUMBUS, GA-AL (FHA|USDA|VA) 4 $890,000 $222,500 $2,707 2.22%
    Granbury, TX (FHA|USDA|VA) 3 $885,000 $295,000 $3,942 2.50%
    COLUMBIA, SC (FHA|USDA|VA) 5 $865,000 $173,000 $3,302 2.80%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $835,000 $167,000 $3,358 2.95%
    SANTA FE, NM (FHA|USDA|VA) 3 $815,000 $271,667 $3,627 2.67%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 4 $810,000 $202,500 $3,622 2.41%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $805,000 $161,000 $4,212 2.80%
    Rexburg, ID (FHA|USDA|VA) 4 $790,000 $197,500 $3,832 3.03%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 3 $785,000 $261,667 $3,522 2.88%
    Cedar City, UT (FHA|USDA|VA) 3 $785,000 $261,667 $3,388 3.04%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 5 $785,000 $157,000 $2,593 2.53%
    SAN ANGELO, TX (FHA|USDA|VA) 3 $785,000 $261,667 $6,938 2.50%
    GREELEY, CO (FHA|USDA|VA) 3 $785,000 $261,667 $3,937 2.71%
    OCALA, FL (FHA|USDA|VA) 3 $785,000 $261,667 $4,888 2.92%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $725,000 $725,000 $3,230 2.63%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 4 $710,000 $177,500 $2,478 2.56%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $700,000 $175,000 $3,825 2.41%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $685,000 $228,333 $3,407 2.63%
    EAU CLAIRE, WI (FHA|USDA|VA) 3 $685,000 $228,333 $2,644 2.21%
    LONGVIEW, TX (FHA|USDA|VA) 4 $680,000 $170,000 $3,839 3.44%
    LYNCHBURG, VA (FHA|USDA|VA) 3 $665,000 $221,667 $1,800 2.29%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $645,000 $215,000 $3,674 2.71%
    Susanville, CA (FHA|USDA|VA) 3 $645,000 $215,000 $6,031 2.62%
    LAS CRUCES, NM (FHA|USDA|VA) 4 $640,000 $160,000 $4,394 2.72%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 2 $640,000 $320,000 $3,274 2.69%
    WILMINGTON, NC (FHA|USDA|VA) 2 $640,000 $320,000 $2,990 2.19%
    TYLER, TX (FHA|USDA|VA) 4 $630,000 $157,500 $3,750 2.40%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $625,000 $208,333 $3,482 2.54%
    SAVANNAH, GA (FHA|USDA|VA) 5 $615,000 $123,000 $3,633 2.73%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $615,000 $205,000 $5,479 2.75%
    GRANTS PASS, OR (FHA|USDA|VA) 3 $615,000 $205,000 $2,881 2.88%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $605,000 $605,000 $14,655 2.50%
    Breckenridge, CO (FHA|USDA|VA) 2 $600,000 $300,000 $5,246 2.63%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $600,000 $300,000 $3,389 2.88%
    WINSTON-SALEM, NC (FHA|USDA|VA) 3 $595,000 $198,333 $3,229 2.37%
    Durango, CO (FHA|USDA|VA) 2 $580,000 $290,000 $3,975 2.56%
    Shawnee, OK (FHA|USDA|VA) 3 $575,000 $191,667 $4,226 2.54%
    RACINE, WI (FHA|USDA|VA) 3 $575,000 $191,667 $3,579 2.79%
    AMARILLO, TX (FHA|USDA|VA) 3 $575,000 $191,667 $5,059 3.08%
    JOHNSON CITY, TN (FHA|USDA|VA) 3 $565,000 $188,333 $2,694 2.75%
    APPLETON, WI (FHA|USDA|VA) 3 $555,000 $185,000 $2,881 2.88%
    FORT WAYNE, IN (FHA|USDA|VA) 3 $555,000 $185,000 $2,283 2.29%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $550,000 $275,000 $8,279 2.50%
    Dayton, TN (FHA|USDA|VA) 2 $550,000 $275,000 $2,585 2.38%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $545,000 $545,000 $3,085 2.38%
    Hood River, OR (FHA|USDA|VA) 2 $540,000 $270,000 $3,853 2.69%
    GREEN BAY, WI (FHA|USDA|VA) 3 $535,000 $178,333 $2,612 2.83%
    Kalispell, MT (FHA|USDA|VA) 1 $535,000 $535,000 $5,222 3.38%
    Shelby, NC (FHA|USDA|VA) 2 $530,000 $265,000 $3,238 2.81%
    TWIN FALLS, ID (FHA|USDA|VA) 2 $530,000 $265,000 $3,394 3.00%
    Nacogdoches, TX (FHA|USDA|VA) 2 $520,000 $260,000 $3,778 2.50%
    IDAHO FALLS, ID (FHA|USDA|VA) 2 $520,000 $260,000 $2,972 2.63%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $510,000 $255,000 $3,809 2.56%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 3 $505,000 $168,333 $2,786 2.42%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $505,000 $168,333 $2,854 2.67%
    Whitewater, WI (FHA|USDA|VA) 2 $500,000 $250,000 $6,027 2.63%
    CORVALLIS, OR (FHA|USDA|VA) 3 $485,000 $161,667 $2,851 2.54%
    SALISBURY, MD-DE (FHA|USDA|VA) 3 $465,000 $155,000 $2,597 2.58%
    Alexandria, MN (FHA|USDA|VA) 1 $465,000 $465,000 $4,909 2.50%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $455,000 $151,667 $3,377 2.63%
    Brookings, OR (FHA|USDA|VA) 2 $450,000 $225,000 $3,601 2.56%
    Sandpoint, ID (FHA|USDA|VA) 2 $440,000 $220,000 $2,719 2.63%
    MEDFORD, OR (FHA|USDA|VA) 1 $435,000 $435,000 $3,974 2.88%
    Los Alamos, NM (FHA|USDA|VA) 1 $425,000 $425,000 $4,893 2.88%
    WARNER ROBINS, GA (FHA|USDA|VA) 3 $425,000 $141,667 $4,652 2.33%
    Ukiah, CA (FHA|USDA|VA) 2 $410,000 $205,000 $3,087 2.81%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $410,000 $205,000 $2,875 2.44%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $410,000 $205,000 $4,845 3.00%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $410,000 $205,000 $3,377 2.50%
    Montrose, CO (FHA|USDA|VA) 1 $405,000 $405,000 $3,718 2.88%
    LEWISTON, ID-WA (FHA|USDA|VA) 2 $400,000 $200,000 $5,862 2.50%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $390,000 $195,000 $2,679 2.38%
    Pahrump, NV (FHA|USDA|VA) 2 $390,000 $195,000 $3,167 2.88%
    Centralia, WA (FHA|USDA|VA) 2 $390,000 $195,000 $3,049 2.56%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $375,000 $375,000 $2,668 2.75%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $370,000 $185,000 $3,886 2.81%
    Rockport, TX (FHA|USDA|VA) 1 $355,000 $355,000 $4,001 3.25%
    FOND DU LAC, WI (FHA|USDA|VA) 2 $350,000 $175,000 $2,403 2.31%
    Port Angeles, WA (FHA|USDA|VA) 2 $350,000 $175,000 $3,184 2.56%
    Ludington, MI (FHA|USDA|VA) 1 $345,000 $345,000 $3,201 2.88%
    Moscow, ID (FHA|USDA|VA) 2 $330,000 $165,000 $4,245 2.94%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $325,000 $325,000 $3,547 2.50%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 2 $320,000 $160,000 $2,469 2.94%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $320,000 $160,000 $2,826 2.69%
    Newport, TN (FHA|USDA|VA) 1 $315,000 $315,000 $10,636 2.75%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $310,000 $155,000 $3,490 3.12%
    WACO, TX (FHA|USDA|VA) 1 $305,000 $305,000 $3,322 2.25%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $305,000 $305,000 $2,840 2.48%
    LUBBOCK, TX (FHA|USDA|VA) 2 $300,000 $150,000 $3,275 2.69%
    Fergus Falls, MN (FHA|USDA|VA) 2 $300,000 $150,000 $2,438 2.81%
    Stillwater, OK (FHA|USDA|VA) 1 $295,000 $295,000 $3,769 2.75%
    Shelton, WA (FHA|USDA|VA) 1 $295,000 $295,000 $2,949 2.50%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $295,000 $295,000 $4,321 2.00%
    Forest City, NC (FHA|USDA|VA) 1 $285,000 $285,000 $2,772 2.63%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $285,000 $285,000 $2,632 2.13%
    ABILENE, TX (FHA|USDA|VA) 1 $285,000 $285,000 $4,865 2.99%
    Washington, NC (FHA|USDA|VA) 2 $280,000 $140,000 $3,304 1.94%
    READING, PA (FHA|USDA|VA) 2 $280,000 $140,000 $3,526 2.37%
    Altus, OK (FHA|USDA|VA) 1 $275,000 $275,000 $3,940 2.25%
    Newport, OR (FHA|USDA|VA) 1 $275,000 $275,000 $4,825 2.50%
    Adrian, MI (FHA|USDA|VA) 1 $265,000 $265,000 $2,563 2.63%
    MIDLAND, TX (FHA|USDA|VA) 1 $265,000 $265,000 $3,822 2.75%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $255,000 $255,000 $2,623 2.88%
    Ellensburg, WA (FHA|USDA|VA) 1 $255,000 $255,000 $3,112 2.63%
    YAKIMA, WA (FHA|USDA|VA) 1 $255,000 $255,000 $12,613 2.25%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $250,000 $125,000 $2,582 2.81%
    COLUMBUS, IN (FHA|USDA|VA) 2 $250,000 $125,000 $2,663 2.06%
    Lewisburg, PA (FHA|USDA|VA) 1 $245,000 $245,000 $4,076 2.75%
    NEW BERN, NC (FHA|USDA|VA) 1 $245,000 $245,000 $2,748 2.25%
    HAMMOND, LA (FHA|USDA|VA) 1 $245,000 $245,000 $3,648 2.38%
    Fallon, NV (FHA|USDA|VA) 1 $245,000 $245,000 $3,413 2.63%
    Elko, NV (FHA|USDA|VA) 1 $245,000 $245,000 $2,726 2.88%
    The Dalles, OR (FHA|USDA|VA) 1 $245,000 $245,000 $3,020 2.75%
    Boone, NC (FHA|USDA|VA) 1 $245,000 $245,000 $5,480 2.88%
    Blackfoot, ID (FHA|USDA|VA) 1 $245,000 $245,000 $3,064 2.88%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $245,000 $245,000 $2,340 1.88%
    BLOOMINGTON, IN (FHA|USDA|VA) 2 $240,000 $120,000 $2,559 3.25%
    CLEVELAND, TN (FHA|USDA|VA) 1 $235,000 $235,000 $2,274 2.50%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $230,000 $115,000 $2,275 2.81%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,405 2.13%
    Nogales, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $3,294 2.75%
    Cornelia, GA (FHA|USDA|VA) 1 $215,000 $215,000 $3,147 2.63%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $215,000 $215,000 $2,276 2.38%
    Angola, IN (FHA|USDA|VA) 1 $215,000 $215,000 $2,353 2.25%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $215,000 $215,000 $2,903 2.75%
    FLINT, MI (FHA|USDA|VA) 1 $205,000 $205,000 $2,247 2.50%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $205,000 $205,000 $3,063 2.88%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $205,000 $205,000 $4,514 3.63%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $7,976 2.25%
    Coos Bay, OR (FHA|USDA|VA) 1 $195,000 $195,000 $4,051 2.25%
    Lewisburg, TN (FHA|USDA|VA) 1 $195,000 $195,000 $2,522 2.63%
    ERIE, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,735 2.63%
    LONGVIEW, WA (FHA|USDA|VA) 1 $195,000 $195,000 $2,916 2.50%
    Brevard, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,428 2.88%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $195,000 $195,000 $2,670 2.38%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,459 2.50%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $185,000 $185,000 $2,827 2.13%
    Dyersburg, TN (FHA|USDA|VA) 1 $185,000 $185,000 $1,121 2.25%
    Calhoun, GA (FHA|USDA|VA) 1 $185,000 $185,000 $4,404 3.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $185,000 $185,000 $2,695 2.75%
    Logansport, IN (FHA|USDA|VA) 1 $185,000 $185,000 $2,822 2.13%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $185,000 $185,000 $3,748 2.63%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $175,000 $175,000 $2,128 2.63%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $175,000 $175,000 $0 2.25%
    Alamogordo, NM (FHA|USDA|VA) 1 $175,000 $175,000 $2,751 2.75%
    Auburn, IN (FHA|USDA|VA) 1 $175,000 $175,000 $2,907 2.88%
    DALTON, GA (FHA|USDA|VA) 1 $165,000 $165,000 $2,581 2.88%
    Levelland, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,691 1.88%
    PUEBLO, CO (FHA|USDA|VA) 1 $165,000 $165,000 $4,061 3.75%
    VICTORIA, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,993 2.99%
    Owatonna, MN (FHA|USDA|VA) 1 $165,000 $165,000 $2,479 2.25%
    Baraboo, WI (FHA|USDA|VA) 1 $165,000 $165,000 $2,492 2.75%
    Athens, TN (FHA|USDA|VA) 1 $165,000 $165,000 $2,643 2.63%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,520 3.13%
    Prineville, OR (FHA|USDA|VA) 1 $155,000 $155,000 $4,036 2.88%
    KOKOMO, IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,313 3.00%
    ROCHESTER, MN (FHA|USDA|VA) 1 $155,000 $155,000 $2,373 2.88%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $155,000 $155,000 $2,457 2.00%
    Aberdeen, WA (FHA|USDA|VA) 1 $155,000 $155,000 $2,691 2.75%
    Cookeville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,845 2.88%
    Sevierville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,405 2.25%
    Clewiston, FL (FHA|USDA|VA) 1 $145,000 $145,000 $6,520 2.38%
    EspaƱola, NM (FHA|USDA|VA) 1 $145,000 $145,000 $3,819 2.88%
    Sunbury, PA (FHA|USDA|VA) 1 $145,000 $145,000 $5,533 3.25%
    Cedartown, GA (FHA|USDA|VA) 1 $145,000 $145,000 $2,753 3.13%
    Platteville, WI (FHA|USDA|VA) 1 $145,000 $145,000 $4,791 2.88%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,927 2.50%
    Klamath Falls, OR (FHA|USDA|VA) 1 $135,000 $135,000 $2,857 2.25%
    New Castle, IN (FHA|USDA|VA) 1 $135,000 $135,000 $2,253 3.25%
    Muskogee, OK (FHA|USDA|VA) 1 $135,000 $135,000 $3,517 2.25%
    Meadville, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,933 2.99%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $125,000 $125,000 $3,317 2.88%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,828 2.13%
    Crossville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $3,018 2.99%
    Big Spring, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,135 2.13%
    ODESSA, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,108 2.25%
    Elizabeth City, NC (FHA|USDA|VA) 1 $115,000 $115,000 $3,651 3.50%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,367 3.13%
    MUSKEGON, MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,782 2.75%
    FARMINGTON, NM (FHA|USDA|VA) 1 $105,000 $105,000 $2,188 2.75%
    Burley, ID (FHA|USDA|VA) 1 $105,000 $105,000 $3,006 2.63%
    BURLINGTON, NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,350 2.88%
    Crescent City, CA (FHA|USDA|VA) 1 $105,000 $105,000 $3,598 2.49%
    DuBois, PA (FHA|USDA|VA) 1 $95,000 $95,000 $3,604 2.50%
    Jefferson, GA (FHA|USDA|VA) 1 $95,000 $95,000 $2,794 2.88%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $95,000 $95,000 $2,392 2.88%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $85,000 $85,000 $2,374 2.50%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $85,000 $85,000 $2,245 2.99%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,503 3.00%
    GREENVILLE, NC (FHA|USDA|VA) 1 $85,000 $85,000 $2,815 2.50%
    Watermark Capital's top markets include Los Angeles, Phoenix, San Francisco, Riverside, and San Diego among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Watermark Capital based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Monterey Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 9,172 $3,209,960,000 $349,974 $3,550 2.67%
    VA 258 $96,310,000 $373,295 $5,144 2.44%
    FHA 56 $18,700,000 $333,929 $10,485 2.82%

    For 2021, Watermark Capital's most frequently originated type of loan was Conventional, with 9,172 originations. Their 2nd most popular type was VA, with 258 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 5,670 $1,868,830,000 $329,600 $3,100 2.56%
    Cash Out Refi 2,233 $754,675,000 $337,965 $3,622 2.77%
    Home Purchase 1,138 $547,800,000 $481,371 $6,389 2.96%
    Home Improvement 445 $153,665,000 $345,315 $3,484 2.80%

    For 2021, Watermark Capital's most frequently cited loan purpose was Refi, with 5,670 originations. The 2nd most popular reason was Cash Out Refi, with 2,233 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,729 $2,599,945,000 $386,379 $3,886 2.82%
    15 Year 1,493 $385,605,000 $258,275 $3,086 2.22%
    20 Year 714 $207,010,000 $289,930 $3,035 2.53%
    10 Year 455 $102,755,000 $225,835 $2,778 2.09%
    Other 95 $29,655,000 $312,158 $3,037 2.70%

    For 2021, Watermark Capital's most frequently cited loan duration was 30 Year, with 6,729 originations. The 2nd most popular length was 15 Year, with 1,493 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 8,063 $2,741,705,000 $340,035
    $2k-3k 555 $174,025,000 $313,559
    $3k-4k 307 $117,725,000 $383,469
    $5k+ 304 $193,490,000 $636,480
    $4k-5k 156 $66,130,000 $423,910
    $<1k 101 $31,895,000 $315,792

    Watermark Capital's average total fees were $3,886, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 8,063 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 4,502 $1,695,330,000 $376,573
    <2.5% 3,694 $1,089,050,000 $294,816
    3-4% 1,271 $534,055,000 $420,185
    4-5% 19 $6,535,000 $343,947

    During 2021, Watermark Capital's average interest rate for loans was 2.82%, while their most frequently originated rate bucket for loans was 2.5-3%, with 4,502 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,527 $1,293,055,000 $285,632 $3,301 2.61%
    $100k-200k 2,000 $314,580,000 $157,290 $3,075 2.63%
    $400k-600k 1,970 $950,430,000 $482,452 $3,779 2.70%
    $600k-1MM 705 $520,945,000 $738,929 $5,567 2.93%
    $1MM+ 175 $236,245,000 $1,349,971 $9,598 2.95%
    $100,000 or less 109 $9,715,000 $89,128 $3,045 2.76%

    2021 saw Watermark Capital place emphasis on $200k-400k loans with 4,527 originations, totaling $1,293,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,747 $938,625,000 $341,691 $3,516 2.63%
    $150k-250k 2,144 $928,980,000 $433,293 $3,865 2.67%
    $75k-100k 1,649 $465,005,000 $281,992 $3,366 2.63%
    $50k-75k 1,454 $340,240,000 $234,003 $3,217 2.69%
    $250k+ 800 $513,670,000 $642,088 $5,298 2.78%
    $50k or less 686 $136,190,000 $198,528 $2,981 2.69%

    Watermark Capital lent most frequently to those with incomes in the $100k-150k range, with 2,747 originations. The second most popular income band? $150k-250k, with 2,144 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,500 $853,860,000 $341,544 $3,440 2.61%
    30-36% 1,879 $676,555,000 $360,061 $3,579 2.66%
    <20% 1,086 $299,320,000 $275,617 $3,197 2.54%
    41% 332 $132,660,000 $399,578 $4,100 2.74%
    42% 320 $130,280,000 $407,125 $4,052 2.76%
    40% 319 $124,635,000 $390,705 $4,090 2.77%
    36% 308 $118,910,000 $386,071 $3,887 2.70%
    37% 300 $119,060,000 $396,867 $3,951 2.74%
    38% 300 $116,150,000 $387,167 $4,210 2.72%
    39% 298 $109,800,000 $368,456 $3,799 2.73%
    44% 296 $103,170,000 $348,547 $3,748 2.77%
    43% 287 $104,505,000 $364,129 $3,718 2.79%
    45% 250 $87,440,000 $349,760 $3,830 2.80%
    47% 218 $76,320,000 $350,092 $3,978 2.71%
    49% 213 $72,145,000 $338,709 $3,715 2.74%
    46% 204 $70,670,000 $346,422 $3,748 2.74%
    48% 199 $66,045,000 $331,884 $3,551 2.73%
    50-60% 58 $23,200,000 $400,000 $6,765 2.80%
    >60% 2 $1,060,000 $530,000 $8,636 2.44%

    Watermark Capital lent most frequently to those with DTI ratios of 20-30%, with 2,500 originations. The next most common DTI ratio? 30-36%, with 1,879 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,985 $2,093,845,000 $349,849 $3,668 2.68%
    Not provided 2,117 $713,125,000 $336,856 $3,486 2.65%
    Asian 1,068 $412,840,000 $386,554 $3,572 2.60%
    Black 212 $70,200,000 $331,132 $4,434 2.79%
    American Indian 75 $21,235,000 $283,133 $3,316 2.67%
    Asian Indian 7 $5,945,000 $849,286 $8,115 3.13%
    Native Hawaiian or Islander 14 $4,060,000 $290,000 $3,591 2.65%
    Other Asian 4 $1,380,000 $345,000 $3,283 2.72%
    Japanese 1 $1,105,000 $1,105,000 $6,855 3.00%
    Filipino 1 $525,000 $525,000 $2,620 2.50%
    Chinese 1 $405,000 $405,000 $2,505 2.49%
    Vietnamese 1 $305,000 $305,000 $7,553 2.25%

    Approval Rates

    Total approvals of all applications
    97.55%

    Watermark Capital 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
    88.96%

    Watermark Capital has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 9,486 $3,324,970,000 $350,513

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    9,486 $3,324,970,000 $350,513

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,502 $378,350,000 $251,897 $3,046 2.50%
    40-60% 3,289 $1,096,375,000 $333,346 $3,181 2.58%
    60-80% 3,595 $1,411,485,000 $392,624 $3,799 2.77%
    80-100% 940 $408,630,000 $434,713 $5,622 2.87%
    Under 20% 160 $30,130,000 $188,313 $3,111 2.50%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    WATERMARK CAPITAL, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 44.4%
    WATERMARK CAPITAL, INC. Conventional home mortgage Closing on a mortgage 1 11.1%
    WATERMARK CAPITAL, INC. Conventional home mortgage Trouble during payment process 4 44.4%