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 and Refi 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, Houston, Washington, and San Francisco among others. We have data for 112 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.81% | 4/16/25 |
| 30 Year Conventional Refi | 6.62% | 4/16/25 |
| 30 Year Cash-out Refi | 7.42% | 4/16/25 |
| 30 Year FHA Purchase | 6.96% | 4/16/25 |
| 30 Year FHA Refi | 6.86% | 4/16/25 |
| 30 Year VA Purchase | 6.26% | 4/16/25 |
| 30 Year VA Refi | 6.09% | 4/16/25 |
| 15 Year Conventional Purchase | 5.81% | 4/16/25 |
| 15 Year Conventional Refi | 5.62% | 4/16/25 |
| 15 Year Cash-out Refi | 5.62% | 4/16/25 |
| 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
676Origination Dollar Volume (All Markets)
$377,730,000Awards
Watermark Capital - 2024
Watermark Capital is a 2024 , due to their low .
For 2024, 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
6.65%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.1%.
Relative Fees (Closing Costs)
Watermark Capital's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,419.
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 $8,356.
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) | 102 | $80,470,000 | $788,922 | $8,075 | 6.81% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 87 | $55,245,000 | $635,000 | $8,636 | 6.62% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 45 | $29,155,000 | $647,889 | $8,531 | 6.80% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 35 | $18,875,000 | $539,286 | $10,803 | 6.68% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 22 | $15,960,000 | $725,455 | $7,327 | 6.59% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 20 | $13,360,000 | $668,000 | $7,018 | 6.78% |
| STOCKTON, CA (FHA|USDA|VA) | 25 | $11,535,000 | $461,400 | $6,268 | 6.53% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 17 | $9,555,000 | $562,059 | $4,314 | 6.46% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 23 | $9,315,000 | $405,000 | $7,941 | 6.26% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 19 | $8,815,000 | $463,947 | $6,354 | 6.59% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 18 | $8,750,000 | $486,111 | $7,002 | 6.73% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 16 | $7,960,000 | $497,500 | $4,925 | 6.14% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 22 | $7,430,000 | $337,727 | $6,172 | 6.62% |
| Outside of Metro Areas | 16 | $5,820,000 | $363,750 | $6,051 | 6.49% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 6 | $5,690,000 | $948,333 | $9,294 | 6.85% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 8 | $5,260,000 | $657,500 | $7,625 | 7.12% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 8 | $4,830,000 | $603,750 | $8,861 | 7.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 9 | $3,835,000 | $426,111 | $5,547 | 6.27% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 7 | $3,465,000 | $495,000 | $6,333 | 6.96% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 7 | $3,295,000 | $470,714 | $4,950 | 6.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $2,575,000 | $2,575,000 | $8,128 | 6.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $2,505,000 | $501,000 | $4,346 | 6.72% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $2,200,000 | $550,000 | $7,826 | 6.25% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $2,145,000 | $715,000 | $5,227 | 6.58% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 5 | $2,045,000 | $409,000 | $6,126 | 7.12% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $2,040,000 | $510,000 | $5,648 | 6.46% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $2,005,000 | $286,429 | $5,044 | 6.23% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $2,000,000 | $500,000 | $8,263 | 5.53% |
| RENO, NV (FHA|USDA|VA) | 5 | $1,995,000 | $399,000 | $5,058 | 6.90% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $1,865,000 | $621,667 | $4,441 | 6.21% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $1,760,000 | $440,000 | $3,324 | 6.47% |
| Heber, UT (FHA|USDA|VA) | 3 | $1,695,000 | $565,000 | $5,639 | 6.79% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,590,000 | $397,500 | $8,349 | 7.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $7,117 | 7.02% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $1,470,000 | $735,000 | $3,684 | 6.37% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $1,400,000 | $700,000 | $7,572 | 6.25% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $20,029 | 6.50% |
| REDDING, CA (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $4,720 | 6.21% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $3,730 | 5.25% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $4,439 | 6.19% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $10,943 | 6.44% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $4,790 | 6.43% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $9,492 | 7.04% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $7,924 | 6.19% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $5,847 | 6.38% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $5,615 | 6.19% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $3,296 | 6.75% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $3,133 | 7.75% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $13,096 | 5.94% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $4,020 | 6.81% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $3,009 | 6.06% |
| WACO, TX (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $10,642 | 5.94% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $4,710 | 6.43% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $5,503 | 5.94% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $3,303 | 6.13% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $5,066 | 6.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,865 | 6.69% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $3,749 | 6.38% |
| Athens, TX (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $5,890 | 7.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $7,374 | 7.13% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,444 | 6.49% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,083 | 7.06% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $10,677 | 6.99% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,824 | 6.38% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,338 | 5.38% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,230 | 6.75% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,608 | 6.49% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,745 | 6.81% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,542 | 7.63% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,238 | 5.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,380 | 6.48% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 8.49% |
| Granbury, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,520 | 6.88% |
| Outside of Metro Areas | 1 | $395,000 | $395,000 | $3,907 | 6.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,240 | 7.13% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,646 | 6.38% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,804 | 7.19% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,778 | 6.75% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,959 | 5.75% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,119 | 5.99% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,179 | 6.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,589 | 5.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,393 | 7.99% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $17,643 | 5.13% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,843 | 6.99% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,766 | 6.38% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,774 | 7.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 10.38% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,739 | 7.99% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,884 | 5.50% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $15,498 | 5.63% |
| Bonham, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,222 | 6.38% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,285 | 6.50% |
| Susanville, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,797 | 5.88% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,928 | 6.38% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,883 | 6.38% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,590 | 6.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,195 | 6.38% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,163 | 6.99% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,855 | 5.49% |
| TULSA, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,577 | 6.13% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,071 | 6.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,874 | 6.63% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,399 | 7.13% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $14,443 | 5.75% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,959 | 7.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,148 | 7.99% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,373 | 6.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,151 | 7.13% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,781 | 6.88% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,112 | 5.99% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,104 | 6.38% |
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 2024, Watermark Capital's most frequently originated type of loan was Conventional, with 600 originations. Their 2nd most popular type was FHA, with 42 originations.
Loan Reason
For 2024, Watermark Capital's most frequently cited loan purpose was Home Purchase, with 427 originations. The 2nd most popular reason was Refi, with 148 originations.
Loan Duration/Length
For 2024, Watermark Capital's most frequently cited loan duration was 30 Year, with 630 originations. The 2nd most popular length was 15 Year, with 29 originations.
Origination Fees/Closing Costs
Watermark Capital's average total fees were $7,419, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 485 originations.
Interest Rates
During 2024, Watermark Capital's average interest rate for loans was 6.65%, while their most frequently originated rate bucket for loans was 6-7%, with 370 originations.
Loan Sizing
2024 saw Watermark Capital place emphasis on $400k-600k loans with 218 originations, totaling $109,060,000 in origination value.
Applicant Income
Watermark Capital lent most frequently to those with incomes in the $150k-250k range, with 260 originations. The second most popular income band? $250k+, with 195 originations.
Applicant Debt to Income Ratio
Watermark Capital lent most frequently to those with DTI ratios of 30-36%, with 118 originations. The next most common DTI ratio? 20-30%, with 87 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.52%
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 origination80.47%
Watermark Capital has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 676 | $377,730,000 | $558,772 |