Watermark Capital Mortgage Rates, Fees & Info
Irvine, CALEI: 2549005Q4HZ55QX7YC64
Tax ID: 20-4255880
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Mortgage Data
Review & Overview
Watermark Capital is a smaller mortgage company specializing in Home Purchase loans. Watermark Capital has a high proportion of conventional loans. They have an average proportion of FHA 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, Dallas, San Diego, Houston, and Washington among others. We have data for 108 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 a high 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.31% | 11/17/24 |
| 30 Year Conventional Refi | 6.10% | 11/17/24 |
| 30 Year Cash-out Refi | 6.29% | 11/17/24 |
| 30 Year FHA Purchase | 7.19% | 11/17/24 |
| 30 Year FHA Refi | 6.16% | 11/17/24 |
| 30 Year VA Purchase | 5.86% | 11/17/24 |
| 30 Year VA Refi | 5.66% | 11/17/24 |
| 30 Year USDA Purchase | 6.19% | 11/17/24 |
| 15 Year Conventional Purchase | 5.85% | 11/17/24 |
| 15 Year Conventional Refi | 5.60% | 11/17/24 |
| 15 Year Cash-out Refi | 5.60% | 11/17/24 |
| 15 Year VA Purchase | 5.77% | 11/17/24 |
| 15 Year VA Refi | 5.23% | 11/17/24 |
| 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
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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
617Origination Dollar Volume (All Markets)
$306,375,000Awards
Watermark Capital - 2023
Watermark Capital is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Watermark Capital's average 30 year fixed mortgage rate was
6.66%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.18%.
Relative Fees (Closing Costs)
Watermark Capital's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,898.
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 $9,089.
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) | 74 | $52,020,000 | $702,973 | $9,871 | 6.69% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 78 | $43,750,000 | $560,897 | $8,641 | 6.67% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 52 | $28,930,000 | $556,346 | $12,171 | 6.23% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 40 | $18,590,000 | $464,750 | $7,737 | 6.56% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 38 | $18,320,000 | $482,105 | $10,699 | 6.71% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 32 | $12,970,000 | $405,313 | $9,398 | 6.86% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 17 | $12,395,000 | $729,118 | $14,418 | 7.40% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 21 | $10,035,000 | $477,857 | $10,407 | 6.50% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 14 | $9,340,000 | $667,143 | $8,925 | 6.58% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 21 | $9,155,000 | $435,952 | $7,784 | 6.68% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 12 | $7,020,000 | $585,000 | $7,646 | 6.42% |
| STOCKTON, CA (FHA|USDA|VA) | 16 | $5,950,000 | $371,875 | $9,149 | 6.66% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 8 | $4,820,000 | $602,500 | $12,244 | 6.57% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $4,220,000 | $527,500 | $5,376 | 6.83% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $4,215,000 | $843,000 | $9,720 | 6.28% |
| Outside of Metro Areas | 10 | $3,670,000 | $367,000 | $7,038 | 7.07% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $2,665,000 | $380,714 | $7,256 | 7.59% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $2,455,000 | $491,000 | $7,488 | 6.87% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 6 | $2,080,000 | $346,667 | $7,545 | 5.85% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $2,055,000 | $411,000 | $7,677 | 6.42% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 6 | $1,920,000 | $320,000 | $10,193 | 6.77% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 5 | $1,835,000 | $367,000 | $5,141 | 6.33% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $1,740,000 | $435,000 | $4,949 | 6.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,600,000 | $400,000 | $8,775 | 6.94% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,595,000 | $531,667 | $5,967 | 7.04% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 8 | $1,570,000 | $196,250 | $6,879 | 7.58% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,490,000 | $745,000 | $6,096 | 7.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $4,808 | 6.20% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $5,131 | 7.15% |
| TULSA, OK (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $6,726 | 6.72% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $5,205 | 6.58% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $9,621 | 6.21% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $8,758 | 5.83% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $4,128 | 6.37% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $8,651 | 6.49% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $3,960 | 6.69% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $3,480 | 6.88% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $11,006 | 5.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $5,170 | 6.19% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $4,398 | 6.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $7,389 | 7.43% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $9,808 | 6.69% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $5,280 | 6.94% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $4,484 | 7.49% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $19,950 | 5.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $4,207 | 6.93% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $5,052 | 6.56% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $9,947 | 5.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $4,494 | 6.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $7,763 | 7.63% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,875 | 5.81% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $11,922 | 5.13% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $4,005 | 5.50% |
| RENO, NV (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,565 | 6.44% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $8,513 | 6.50% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,913 | 6.69% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $6,516 | 6.99% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $11,635 | 6.88% |
| Laramie, WY (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,363 | 5.88% |
| CARSON CITY, NV (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,603 | 6.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,240 | 7.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,814 | 6.63% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,576 | 5.88% |
| Athens, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,682 | 6.38% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $7,022 | 7.63% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $6,238 | 6.63% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,251 | 6.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,726 | 5.63% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $11,560 | 7.62% |
| Heber, UT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,898 | 7.99% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,804 | 7.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,727 | 5.88% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,587 | 6.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,630 | 6.00% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,969 | 5.88% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,798 | 6.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,934 | 5.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,320 | 7.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,338 | 7.63% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,486 | 6.63% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,854 | 5.88% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,396 | 5.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,905 | 6.50% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,937 | 5.99% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,612 | 6.61% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,983 | 6.62% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,954 | 6.13% |
| WACO, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,143 | 5.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,399 | 5.75% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,444 | 6.99% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,440 | 7.99% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,041 | 6.25% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,101 | 6.13% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,192 | 5.50% |
| Pecos, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,254 | 5.63% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,065 | 6.13% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,872 | 6.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,807 | 6.50% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,816 | 8.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,276 | 6.13% |
| READING, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,477 | 8.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,566 | 6.13% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,448 | 6.13% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,613 | 5.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,110 | 6.13% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,789 | 7.50% |
| DOVER, DE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,631 | 6.63% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,849 | 6.88% |
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.
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Product Mix
For 2023, Watermark Capital's most frequently originated type of loan was Conventional, with 542 originations. Their 2nd most popular type was FHA, with 41 originations.
Loan Reason
For 2023, Watermark Capital's most frequently cited loan purpose was Home Purchase, with 519 originations. The 2nd most popular reason was Cash Out Refi, with 49 originations.
Loan Duration/Length
For 2023, Watermark Capital's most frequently cited loan duration was 30 Year, with 593 originations. The 2nd most popular length was 15 Year, with 18 originations.
Origination Fees/Closing Costs
Watermark Capital's average total fees were $8,898, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 293 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 297 | $142,755,000 | $480,657 |
| 7-8% | 152 | $77,310,000 | $508,618 |
| 5-6% | 146 | $75,590,000 | $517,740 |
| Over 8% | 16 | $7,190,000 | $449,375 |
| 4-5% | 6 | $3,530,000 | $588,333 |
During 2023, Watermark Capital's average interest rate for loans was 6.66%, while their most frequently originated rate bucket for loans was 6-7%, with 297 originations.
Loan Sizing
2023 saw Watermark Capital place emphasis on $200k-400k loans with 197 originations, totaling $58,485,000 in origination value.
Applicant Income
Watermark Capital lent most frequently to those with incomes in the $150k-250k range, with 216 originations. The second most popular income band? $100k-150k, with 153 originations.
Applicant Debt to Income Ratio
Watermark Capital lent most frequently to those with DTI ratios of 30-36%, with 85 originations. The next most common DTI ratio? 20-30%, with 79 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.00%
Watermark Capital has an average approval rate.
Pick Rate
Approvals leading to origination83.47%
Watermark Capital has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 617 | $306,375,000 | $496,556 |