Watermark Capital Mortgage Rates, Fees & Info

Irvine, CA

LEI: 2549005Q4HZ55QX7YC64

Tax ID: 20-4255880

5 stars - Updated: 2/19/24 - out of 5 stars, based on 51 reviews

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

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Mortgage Data

Review & Overview

Watermark Capital is a small mortgage company specializing in Home Purchase 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, Phoenix, Dallas, Houston, and San Francisco among others. We have data for 247 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 6.31% 2/19/24
30 Year Conventional Refi 6.10% 2/19/24
30 Year Cash-out Refi 6.29% 2/19/24
30 Year FHA Purchase 7.19% 2/19/24
30 Year FHA Refi 6.16% 2/19/24
30 Year VA Purchase 5.86% 2/19/24
30 Year VA Refi 5.66% 2/19/24
30 Year USDA Purchase 6.19% 2/19/24
15 Year Conventional Purchase 5.85% 2/19/24
15 Year Conventional Refi 5.60% 2/19/24
15 Year Cash-out Refi 5.60% 2/19/24
15 Year VA Purchase 5.77% 2/19/24
15 Year VA Refi 5.23% 2/19/24
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.

Watermark Capital Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Watermark Capital. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,569

Origination Dollar Volume (All Markets)

$1,077,635,000
Show all (123) awards

Relative Rate

Watermark Capital's average 30 year fixed mortgage rate was 4.14%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.62%.

Relative Fees (Closing Costs)

Watermark Capital's average total fees/closing costs for a 30 year fixed rate mortgage were $6,639.

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) 300 $193,340,000 $644,467 $8,374 3.98%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 306 $111,710,000 $365,065 $4,989 3.85%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 205 $91,985,000 $448,707 $7,433 4.34%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 134 $56,700,000 $423,134 $7,662 4.12%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 77 $53,085,000 $689,416 $7,128 3.44%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 113 $46,045,000 $407,478 $6,175 3.90%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 63 $35,495,000 $563,413 $7,297 3.80%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 66 $27,230,000 $412,576 $5,953 3.88%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 80 $25,530,000 $319,125 $5,847 3.74%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 28 $25,410,000 $907,500 $7,734 3.23%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 60 $24,660,000 $411,000 $6,840 3.96%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 50 $22,400,000 $448,000 $4,892 3.48%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 22 $13,750,000 $625,000 $8,068 3.71%
Outside of Metro Areas 46 $13,630,000 $296,304 $7,112 4.01%
RENO, NV (FHA|USDA|VA) 26 $13,330,000 $512,692 $6,845 3.91%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 21 $12,335,000 $587,381 $6,918 3.47%
OKLAHOMA CITY, OK (FHA|USDA|VA) 45 $12,135,000 $269,667 $5,483 4.27%
SALT LAKE CITY, UT (FHA|USDA|VA) 21 $11,185,000 $532,619 $6,214 3.72%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 25 $10,925,000 $437,000 $8,409 4.84%
TUCSON, AZ (FHA|USDA|VA) 38 $10,910,000 $287,105 $5,443 3.88%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 41 $10,635,000 $259,390 $5,921 4.29%
BAKERSFIELD, CA (FHA|USDA|VA) 32 $9,710,000 $303,438 $6,776 4.15%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 14 $8,150,000 $582,143 $5,060 4.16%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 22 $7,310,000 $332,273 $5,799 5.29%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 17 $7,075,000 $416,176 $5,600 3.39%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 27 $6,895,000 $255,370 $5,174 3.90%
BOISE CITY, ID (FHA|USDA|VA) 20 $6,310,000 $315,500 $7,791 4.07%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 11 $6,075,000 $552,273 $5,417 4.36%
PROVO-OREM, UT (FHA|USDA|VA) 13 $5,795,000 $445,769 $6,050 3.86%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 26 $5,790,000 $222,692 $3,848 4.00%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 7 $5,675,000 $810,714 $6,563 2.87%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 10 $5,580,000 $558,000 $6,580 4.13%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 12 $5,450,000 $454,167 $7,194 3.81%
WORCESTER, MA-CT (FHA|USDA|VA) 14 $5,040,000 $360,000 $5,023 3.94%
STOCKTON, CA (FHA|USDA|VA) 13 $5,025,000 $386,538 $5,608 3.59%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 15 $5,005,000 $333,667 $5,331 3.62%
FRESNO, CA (FHA|USDA|VA) 14 $4,900,000 $350,000 $4,742 4.02%
TULSA, OK (FHA|USDA|VA) 22 $4,610,000 $209,545 $6,600 3.82%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 6 $4,260,000 $710,000 $11,282 3.77%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 11 $4,255,000 $386,818 $4,542 3.73%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 16 $4,070,000 $254,375 $5,657 4.03%
MODESTO, CA (FHA|USDA|VA) 11 $3,545,000 $322,273 $3,823 4.13%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 12 $3,510,000 $292,500 $5,625 3.99%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 8 $3,510,000 $438,750 $4,980 4.30%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 10 $3,060,000 $306,000 $3,926 3.70%
Heber, UT (FHA|USDA|VA) 3 $2,875,000 $958,333 $7,732 5.17%
BRUNSWICK, GA (FHA|USDA|VA) 3 $2,845,000 $948,333 $13,047 3.71%
FLAGSTAFF, AZ (FHA|USDA|VA) 7 $2,755,000 $393,571 $5,757 3.12%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $2,700,000 $450,000 $5,815 3.96%
VALLEJO, CA (FHA|USDA|VA) 7 $2,695,000 $385,000 $3,822 3.86%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $2,585,000 $287,222 $5,634 3.62%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $2,320,000 $290,000 $4,916 4.12%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 9 $2,295,000 $255,000 $4,651 3.79%
YUMA, AZ (FHA|USDA|VA) 7 $1,895,000 $270,714 $4,067 3.68%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,770,000 $885,000 $9,367 4.56%
WACO, TX (FHA|USDA|VA) 5 $1,645,000 $329,000 $7,213 3.98%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 5 $1,575,000 $315,000 $7,905 4.13%
Athens, TX (FHA|USDA|VA) 3 $1,575,000 $525,000 $7,250 4.54%
Outside of Metro Areas 4 $1,570,000 $392,500 $3,817 3.53%
RALEIGH-CARY, NC (FHA|USDA|VA) 7 $1,565,000 $223,571 $4,424 3.41%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 7 $1,555,000 $222,143 $2,621 2.86%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,505,000 $501,667 $5,256 5.04%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 6 $1,420,000 $236,667 $6,154 4.62%
Truckee-Grass Valley, CA (FHA|USDA|VA) 4 $1,410,000 $352,500 $4,229 2.84%
EL PASO, TX (FHA|USDA|VA) 7 $1,405,000 $200,714 $4,990 3.95%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $1,400,000 $350,000 $4,414 3.12%
KNOXVILLE, TN (FHA|USDA|VA) 6 $1,380,000 $230,000 $5,357 3.48%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 4 $1,370,000 $342,500 $2,690 3.56%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 5 $1,355,000 $271,000 $6,849 4.77%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $1,340,000 $335,000 $4,486 3.59%
MIDLAND, TX (FHA|USDA|VA) 2 $1,340,000 $670,000 $8,284 4.18%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $1,335,000 $267,000 $3,873 3.28%
Fredericksburg, TX (FHA|USDA|VA) 2 $1,290,000 $645,000 $9,976 3.69%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $1,275,000 $255,000 $7,233 4.18%
IDAHO FALLS, ID (FHA|USDA|VA) 4 $1,270,000 $317,500 $4,762 4.97%
PITTSFIELD, MA (FHA|USDA|VA) 2 $1,250,000 $625,000 $5,425 2.63%
Fernley, NV (FHA|USDA|VA) 4 $1,250,000 $312,500 $3,817 3.50%
NAPA, CA (FHA|USDA|VA) 3 $1,195,000 $398,333 $3,624 3.46%
SALINAS, CA (FHA|USDA|VA) 3 $1,145,000 $381,667 $3,789 4.33%
CHICO, CA (FHA|USDA|VA) 3 $1,115,000 $371,667 $8,706 3.04%
FAYETTEVILLE, NC (FHA|USDA|VA) 6 $1,090,000 $181,667 $4,978 5.25%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $1,090,000 $272,500 $3,697 3.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $1,080,000 $180,000 $4,604 4.56%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 5 $1,065,000 $213,000 $5,106 4.48%
GAINESVILLE, FL (FHA|USDA|VA) 1 $1,055,000 $1,055,000 $3,801 6.25%
SPRINGFIELD, MA (FHA|USDA|VA) 4 $1,000,000 $250,000 $5,502 3.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $960,000 $240,000 $6,323 4.28%
BOULDER, CO (FHA|USDA|VA) 2 $960,000 $480,000 $3,889 3.50%
Granbury, TX (FHA|USDA|VA) 4 $940,000 $235,000 $4,859 5.06%
ALBUQUERQUE, NM (FHA|USDA|VA) 5 $925,000 $185,000 $3,077 2.85%
MONTGOMERY, AL (FHA|USDA|VA) 3 $895,000 $298,333 $5,858 4.46%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $895,000 $895,000 $3,895 3.00%
Eureka-Arcata, CA (FHA|USDA|VA) 2 $890,000 $445,000 $7,618 4.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $880,000 $440,000 $7,412 4.25%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $870,000 $217,500 $5,230 4.34%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $865,000 $865,000 $3,792 4.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $835,000 $278,333 $6,165 3.63%
RICHMOND, VA (FHA|USDA|VA) 3 $795,000 $265,000 $3,777 2.92%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $790,000 $395,000 $8,102 4.38%
ST. GEORGE, UT (FHA|USDA|VA) 3 $785,000 $261,667 $3,281 3.46%
Nogales, AZ (FHA|USDA|VA) 2 $760,000 $380,000 $3,902 4.38%
THE VILLAGES, FL (FHA|USDA|VA) 2 $760,000 $380,000 $6,858 4.31%
Show Low, AZ (FHA|USDA|VA) 3 $755,000 $251,667 $4,815 3.92%
ABILENE, TX (FHA|USDA|VA) 3 $745,000 $248,333 $8,068 4.08%
AMARILLO, TX (FHA|USDA|VA) 4 $740,000 $185,000 $4,544 4.63%
FLINT, MI (FHA|USDA|VA) 2 $740,000 $370,000 $3,245 5.44%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $730,000 $365,000 $2,788 3.06%
TYLER, TX (FHA|USDA|VA) 4 $700,000 $175,000 $5,226 4.44%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $695,000 $695,000 $7,721 2.25%
SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $680,000 $340,000 $6,574 4.44%
VISALIA, CA (FHA|USDA|VA) 3 $675,000 $225,000 $4,730 3.87%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $665,000 $221,667 $5,024 5.87%
Torrington, CT (FHA|USDA|VA) 2 $650,000 $325,000 $4,602 3.06%
Sonora, CA (FHA|USDA|VA) 1 $645,000 $645,000 $9,081 3.50%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $635,000 $211,667 $5,007 4.50%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $615,000 $205,000 $4,444 2.91%
Cookeville, TN (FHA|USDA|VA) 2 $610,000 $305,000 $7,014 3.31%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $600,000 $300,000 $3,406 3.44%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $585,000 $195,000 $7,020 3.58%
MADERA, CA (FHA|USDA|VA) 2 $580,000 $290,000 $8,651 2.56%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $575,000 $191,667 $6,458 4.66%
Nacogdoches, TX (FHA|USDA|VA) 2 $570,000 $285,000 $4,916 4.99%
LONGVIEW, WA (FHA|USDA|VA) 1 $565,000 $565,000 $10,600 3.25%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $560,000 $280,000 $4,414 4.25%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $555,000 $185,000 $8,441 4.04%
Pecos, TX (FHA|USDA|VA) 2 $540,000 $270,000 $6,812 5.88%
WALLA WALLA, WA (FHA|USDA|VA) 1 $535,000 $535,000 $9,011 3.25%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $505,000 $168,333 $3,605 5.04%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $490,000 $245,000 $1,973 3.81%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $490,000 $245,000 $5,179 3.75%
MERCED, CA (FHA|USDA|VA) 2 $480,000 $240,000 $3,488 3.94%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $480,000 $240,000 $7,337 4.25%
READING, PA (FHA|USDA|VA) 1 $475,000 $475,000 $6,290 4.75%
CORVALLIS, OR (FHA|USDA|VA) 1 $465,000 $465,000 $3,872 5.88%
JOHNSON CITY, TN (FHA|USDA|VA) 2 $460,000 $230,000 $2,628 2.75%
PITTSBURGH, PA (FHA|USDA|VA) 3 $455,000 $151,667 $4,649 4.29%
Starkville, MS (FHA|USDA|VA) 1 $455,000 $455,000 $4,934 5.13%
Rexburg, ID (FHA|USDA|VA) 2 $440,000 $220,000 $3,426 5.50%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $425,000 $141,667 $4,069 3.87%
Kapaa, HI (FHA|USDA|VA) 1 $425,000 $425,000 $5,456 4.63%
BATON ROUGE, LA (FHA|USDA|VA) 1 $425,000 $425,000 $4,125 3.00%
SAN ANGELO, TX (FHA|USDA|VA) 1 $425,000 $425,000 $5,535 3.38%
SALEM, OR (FHA|USDA|VA) 1 $425,000 $425,000 $11,544 5.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $420,000 $210,000 $4,066 3.06%
Hilo, HI (FHA|USDA|VA) 1 $415,000 $415,000 $5,704 3.88%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $405,000 $405,000 $4,243 3.50%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $400,000 $200,000 $3,848 3.88%
TWIN FALLS, ID (FHA|USDA|VA) 1 $395,000 $395,000 $10,315 4.13%
Tahlequah, OK (FHA|USDA|VA) 2 $380,000 $190,000 $6,730 2.94%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $365,000 $365,000 $2,952 4.88%
STAUNTON, VA (FHA|USDA|VA) 1 $355,000 $355,000 $8,955 6.11%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $355,000 $355,000 $4,369 2.88%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $350,000 $175,000 $3,744 5.06%
FOND DU LAC, WI (FHA|USDA|VA) 2 $350,000 $175,000 $5,234 4.00%
Hailey, ID (FHA|USDA|VA) 1 $345,000 $345,000 $11,152 5.63%
Shelby, NC (FHA|USDA|VA) 2 $340,000 $170,000 $5,013 3.38%
Blackfoot, ID (FHA|USDA|VA) 1 $325,000 $325,000 $13,079 4.75%
VALDOSTA, GA (FHA|USDA|VA) 1 $315,000 $315,000 $19,390 4.13%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $305,000 $305,000 $9,613 3.38%
YUBA CITY, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,398 3.25%
Sulphur Springs, TX (FHA|USDA|VA) 2 $300,000 $150,000 $4,974 4.25%
OCALA, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,046 5.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $290,000 $145,000 $3,078 3.69%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $285,000 $285,000 $15,239 3.88%
ODESSA, TX (FHA|USDA|VA) 1 $285,000 $285,000 $3,255 3.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $275,000 $275,000 $10,087 5.00%
Durango, CO (FHA|USDA|VA) 1 $275,000 $275,000 $2,427 2.75%
Danville, KY (FHA|USDA|VA) 1 $275,000 $275,000 $5,209 5.00%
MEDFORD, OR (FHA|USDA|VA) 1 $275,000 $275,000 $3,167 3.50%
BILLINGS, MT (FHA|USDA|VA) 1 $275,000 $275,000 $4,263 6.11%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $275,000 $275,000 $3,110 2.00%
Payson, AZ (FHA|USDA|VA) 2 $270,000 $135,000 $4,251 4.56%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $265,000 $265,000 $3,855 2.50%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $255,000 $255,000 $2,377 2.88%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $255,000 $255,000 $6,892 3.61%
PANAMA CITY, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,334 3.25%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $255,000 $255,000 $18,099 6.13%
Bay City, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,108 2.75%
Clearlake, CA (FHA|USDA|VA) 1 $245,000 $245,000 $3,659 3.88%
Huntsville, TX (FHA|USDA|VA) 1 $245,000 $245,000 $13,726 4.25%
Jackson, WY-ID (FHA|USDA|VA) 1 $245,000 $245,000 $4,247 1.99%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $240,000 $120,000 $4,116 4.00%
Rockport, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,921 4.63%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $230,000 $115,000 $3,034 4.12%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $225,000 $225,000 $4,402 3.00%
CHEYENNE, WY (FHA|USDA|VA) 1 $225,000 $225,000 $3,937 3.88%
LAREDO, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,060 2.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $225,000 $225,000 $6,412 2.75%
Moscow, ID (FHA|USDA|VA) 1 $215,000 $215,000 $4,969 4.75%
Rio Grande City-Roma, TX (FHA|USDA|VA) 1 $215,000 $215,000 $8,087 2.38%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,721 2.88%
Riverton, WY (FHA|USDA|VA) 1 $205,000 $205,000 $3,449 4.25%
Big Spring, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,103 6.88%
LONGVIEW, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,854 2.88%
Alice, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,755 3.13%
Red Bluff, CA (FHA|USDA|VA) 1 $195,000 $195,000 $4,056 4.38%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $185,000 $185,000 $4,694 4.75%
Brownwood, TX (FHA|USDA|VA) 1 $185,000 $185,000 $4,168 4.25%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $185,000 $185,000 $3,051 2.99%
LANCASTER, PA (FHA|USDA|VA) 1 $185,000 $185,000 $4,525 3.13%
REDDING, CA (FHA|USDA|VA) 1 $185,000 $185,000 $8,058 3.25%
Fremont, NE (FHA|USDA|VA) 1 $185,000 $185,000 $3,145 5.38%
Muskogee, OK (FHA|USDA|VA) 1 $175,000 $175,000 $8,653 4.13%
Palatka, FL (FHA|USDA|VA) 1 $175,000 $175,000 $9,543 2.25%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $175,000 $175,000 $2,473 4.25%
ENID, OK (FHA|USDA|VA) 1 $175,000 $175,000 $8,243 4.75%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $165,000 $165,000 $3,316 2.75%
Laurel, MS (FHA|USDA|VA) 1 $165,000 $165,000 $2,617 2.88%
Fallon, NV (FHA|USDA|VA) 1 $165,000 $165,000 $5,677 3.38%
WILMINGTON, NC (FHA|USDA|VA) 1 $165,000 $165,000 $4,223 4.13%
Stillwater, OK (FHA|USDA|VA) 1 $155,000 $155,000 $2,979 2.99%
Roswell, NM (FHA|USDA|VA) 1 $155,000 $155,000 $3,115 4.50%
Sevierville, TN (FHA|USDA|VA) 1 $155,000 $155,000 $3,946 3.38%
TOLEDO, OH (FHA|USDA|VA) 1 $155,000 $155,000 $3,473 3.25%
Durant, OK (FHA|USDA|VA) 1 $155,000 $155,000 $7,365 4.88%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $155,000 $155,000 $4,602 3.13%
Pahrump, NV (FHA|USDA|VA) 1 $145,000 $145,000 $6,657 3.00%
COLUMBUS, OH (FHA|USDA|VA) 1 $145,000 $145,000 $4,315 4.50%
NILES, MI (FHA|USDA|VA) 1 $135,000 $135,000 $3,451 5.38%
Gallup, NM (FHA|USDA|VA) 1 $135,000 $135,000 $6,276 5.38%
Bonham, TX (FHA|USDA|VA) 1 $135,000 $135,000 $5,113 5.00%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $135,000 $135,000 $6,234 5.25%
ROANOKE, VA (FHA|USDA|VA) 1 $125,000 $125,000 $2,342 3.75%
MUSKEGON, MI (FHA|USDA|VA) 1 $125,000 $125,000 $3,277 3.75%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $125,000 $125,000 $3,260 3.63%
Jacksonville, TX (FHA|USDA|VA) 1 $125,000 $125,000 $5,046 4.50%
LYNCHBURG, VA (FHA|USDA|VA) 1 $115,000 $115,000 $2,721 3.75%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,201 3.00%
GOLDSBORO, NC (FHA|USDA|VA) 1 $115,000 $115,000 $3,538 5.13%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $115,000 $115,000 $7,111 4.63%
Pottsville, PA (FHA|USDA|VA) 1 $115,000 $115,000 $6,222 5.25%
LAS CRUCES, NM (FHA|USDA|VA) 1 $115,000 $115,000 $4,063 3.88%
MIDLAND, MI (FHA|USDA|VA) 1 $115,000 $115,000 $3,239 4.25%
Milledgeville, GA (FHA|USDA|VA) 1 $115,000 $115,000 $4,199 3.63%
Seymour, IN (FHA|USDA|VA) 1 $105,000 $105,000 $3,364 5.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,397 4.63%
ALTOONA, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,525 5.13%
ASHEVILLE, NC (FHA|USDA|VA) 1 $105,000 $105,000 $4,387 3.75%
GAINESVILLE, GA (FHA|USDA|VA) 1 $105,000 $105,000 $4,513 2.38%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,842 3.88%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $95,000 $95,000 $5,006 6.63%
DALTON, GA (FHA|USDA|VA) 1 $95,000 $95,000 $3,353 3.50%
DOVER, DE (FHA|USDA|VA) 1 $95,000 $95,000 $6,205 5.75%
NEW BERN, NC (FHA|USDA|VA) 1 $85,000 $85,000 $3,758 3.13%
Danville, VA (FHA|USDA|VA) 1 $85,000 $85,000 $5,722 4.50%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $75,000 $75,000 $2,797 4.25%
Bartlesville, OK (FHA|USDA|VA) 1 $75,000 $75,000 $4,779 5.88%
Watermark Capital's top markets include Los Angeles, Phoenix, Dallas, Houston, and San Francisco among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Massachusetts (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 2,418 $1,016,180,000 $420,256 $6,084 3.96%
    VA 104 $46,660,000 $448,654 $9,857 3.64%
    FHA 46 $14,380,000 $312,609 $11,616 4.69%
    USDA 1 $415,000 $415,000 $11,773 4.63%

    For 2022, Watermark Capital's most frequently originated type of loan was Conventional, with 2,418 originations. Their 2nd most popular type was VA, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,075 $503,575,000 $468,442 $7,833 4.60%
    Cash Out Refi 822 $317,220,000 $385,912 $5,390 3.70%
    Refi 545 $203,815,000 $373,972 $5,104 3.16%
    Home Improvement 127 $53,025,000 $417,520 $5,144 3.61%

    For 2022, Watermark Capital's most frequently cited loan purpose was Home Purchase, with 1,075 originations. The 2nd most popular reason was Cash Out Refi, with 822 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,148 $960,060,000 $446,955 $6,639 4.14%
    15 Year 256 $70,310,000 $274,648 $5,076 3.01%
    20 Year 119 $34,405,000 $289,118 $4,533 3.17%
    10 Year 31 $6,755,000 $217,903 $3,876 2.51%
    Other 15 $6,105,000 $407,000 $4,317 3.30%

    For 2022, Watermark Capital's most frequently cited loan duration was 30 Year, with 2,148 originations. The 2nd most popular length was 15 Year, with 256 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,442 $588,680,000 $408,239
    $5k+ 482 $270,200,000 $560,581
    $2k-3k 289 $98,655,000 $341,367
    $3k-4k 213 $69,135,000 $324,577
    $4k-5k 133 $47,985,000 $360,789
    $<1k 8 $2,250,000 $281,250

    Watermark Capital's average total fees were $6,639, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,442 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 840 $341,460,000 $406,500
    4-5% 593 $260,855,000 $439,890
    2.5-3% 498 $225,830,000 $453,474
    5-6% 335 $139,105,000 $415,239
    <2.5% 179 $59,335,000 $331,480
    6-7% 104 $40,260,000 $387,115
    7-8% 19 $10,625,000 $559,211
    Over 8% 1 $165,000 $165,000

    During 2022, Watermark Capital's average interest rate for loans was 4.14%, while their most frequently originated rate bucket for loans was 3-4%, with 840 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,156 $334,290,000 $289,178 $5,297 3.84%
    $400k-600k 493 $237,275,000 $481,288 $6,784 4.10%
    $100k-200k 392 $61,320,000 $156,429 $4,508 4.00%
    $600k-1MM 373 $279,095,000 $748,244 $9,341 4.14%
    $1MM+ 122 $162,690,000 $1,333,525 $11,680 3.78%
    $100,000 or less 33 $2,965,000 $89,848 $4,160 4.14%

    2022 saw Watermark Capital place emphasis on $200k-400k loans with 1,156 originations, totaling $334,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 667 $243,515,000 $365,090 $5,988 3.90%
    $150k-250k 624 $305,360,000 $489,359 $7,032 4.04%
    $250k+ 408 $305,680,000 $749,216 $8,813 4.22%
    $75k-100k 385 $111,965,000 $290,818 $5,277 3.82%
    $50k-75k 349 $86,145,000 $246,834 $4,895 3.84%
    $50k or less 136 $24,970,000 $183,603 $4,165 3.81%

    Watermark Capital lent most frequently to those with incomes in the $100k-150k range, with 667 originations. The second most popular income band? $150k-250k, with 624 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 500 $219,920,000 $439,840 $6,435 3.87%
    20-30% 499 $207,405,000 $415,641 $6,141 3.76%
    <20% 167 $65,805,000 $394,042 $5,823 3.88%
    42% 125 $59,075,000 $472,600 $6,635 4.26%
    44% 115 $45,375,000 $394,565 $5,748 4.09%
    40% 112 $46,310,000 $413,482 $6,284 3.93%
    41% 111 $47,155,000 $424,820 $6,457 4.25%
    43% 106 $38,810,000 $366,132 $5,927 4.12%
    36% 101 $41,245,000 $408,366 $5,996 4.19%
    38% 99 $46,955,000 $474,293 $7,220 3.89%
    39% 94 $40,890,000 $435,000 $7,084 3.87%
    37% 90 $39,540,000 $439,333 $5,906 3.87%
    45% 85 $33,395,000 $392,882 $5,624 3.94%
    48% 83 $35,815,000 $431,506 $6,439 4.34%
    47% 78 $31,460,000 $403,333 $6,299 4.00%
    49% 74 $28,240,000 $381,622 $6,662 3.93%
    46% 71 $26,585,000 $374,437 $5,924 4.24%
    50-60% 47 $19,485,000 $414,574 $10,726 4.43%
    >60% 1 $335,000 $335,000 $15,126 7.13%

    Watermark Capital lent most frequently to those with DTI ratios of 30-36%, with 500 originations. The next most common DTI ratio? 20-30%, with 499 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,645 $683,675,000 $415,608 $6,363 3.93%
    Not provided 507 $210,675,000 $415,533 $6,216 4.07%
    Asian 306 $145,630,000 $475,915 $6,284 3.81%
    Black 74 $24,320,000 $328,649 $6,836 4.14%
    American Indian 26 $7,620,000 $293,077 $5,847 4.62%
    Native Hawaiian or Islander 7 $3,115,000 $445,000 $4,798 3.82%
    Asian Indian 3 $1,475,000 $491,667 $7,347 3.79%
    Other Asian 1 $1,125,000 $1,125,000 $27,338 6.50%

    Approval Rates

    Total approvals of all applications
    95.71%

    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
    79.33%

    Watermark Capital has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,569 $1,077,635,000 $419,476

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,569 $1,077,635,000 $419,476

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 254 $82,470,000 $324,685 $5,124 3.51%
    40-60% 611 $238,475,000 $390,303 $5,264 3.52%
    60-80% 1,086 $470,730,000 $433,453 $6,400 4.00%
    80-100% 591 $279,055,000 $472,174 $7,934 4.53%
    Under 20% 27 $6,905,000 $255,741 $4,724 3.90%