Watermark Capital Mortgage Rates, Fees & Info

Irvine, CA

LEI: 2549005Q4HZ55QX7YC64

Tax ID: 20-4255880

Latest/2023 | 2022 Data | 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 Refi and Home Purchase 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, Dallas, Phoenix, San Francisco, and San Diego among others. We have data for 236 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 low 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% 3/28/24
30 Year Conventional Refi 6.10% 3/28/24
30 Year Cash-out Refi 6.29% 3/28/24
30 Year FHA Purchase 7.19% 3/28/24
30 Year FHA Refi 6.16% 3/28/24
30 Year VA Purchase 5.86% 3/28/24
30 Year VA Refi 5.66% 3/28/24
30 Year USDA Purchase 6.19% 3/28/24
15 Year Conventional Purchase 5.85% 3/28/24
15 Year Conventional Refi 5.60% 3/28/24
15 Year Cash-out Refi 5.60% 3/28/24
15 Year VA Purchase 5.77% 3/28/24
15 Year VA Refi 5.23% 3/28/24
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

3,390

Origination Dollar Volume (All Markets)

$1,229,520,000
Show all (37) awards

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) 512 $278,840,000 $544,609 $4,372 3.96%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 255 $104,035,000 $407,980 $5,793 3.98%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 307 $86,945,000 $283,208 $3,727 4.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 94 $51,540,000 $548,298 $4,280 3.86%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 103 $48,045,000 $466,456 $4,371 3.99%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 145 $47,275,000 $326,034 $4,149 3.86%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 116 $43,180,000 $372,241 $3,615 3.79%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 83 $34,505,000 $415,723 $4,235 3.84%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 78 $27,930,000 $358,077 $3,668 3.85%
FRESNO, CA (FHA|USDA|VA) 140 $27,930,000 $199,500 $5,482 4.01%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 78 $26,850,000 $344,231 $3,939 3.75%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 63 $24,335,000 $386,270 $3,800 3.87%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 80 $24,270,000 $303,375 $3,554 3.83%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 67 $22,145,000 $330,522 $3,943 3.83%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 41 $19,505,000 $475,732 $5,004 3.88%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 56 $18,270,000 $326,250 $4,418 3.80%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 61 $17,885,000 $293,197 $4,864 3.88%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 30 $16,050,000 $535,000 $4,182 3.71%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 43 $10,935,000 $254,302 $4,099 3.94%
SALT LAKE CITY, UT (FHA|USDA|VA) 32 $10,530,000 $329,063 $3,196 3.79%
VISALIA, CA (FHA|USDA|VA) 49 $10,495,000 $214,184 $5,236 4.25%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 29 $9,275,000 $319,828 $3,578 3.72%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 29 $8,615,000 $297,069 $4,779 3.67%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 29 $8,535,000 $294,310 $3,855 3.84%
RALEIGH-CARY, NC (FHA|USDA|VA) 27 $8,485,000 $314,259 $3,763 3.70%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 29 $7,765,000 $267,759 $3,261 3.85%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 27 $7,685,000 $284,630 $4,818 3.89%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 24 $6,980,000 $290,833 $4,784 3.93%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 22 $6,500,000 $295,455 $3,519 3.76%
COLORADO SPRINGS, CO (FHA|USDA|VA) 20 $6,460,000 $323,000 $4,149 3.84%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 23 $6,175,000 $268,478 $4,606 3.96%
Outside of Metro Areas 20 $5,860,000 $293,000 $4,444 3.77%
STOCKTON, CA (FHA|USDA|VA) 19 $5,845,000 $307,632 $4,233 3.87%
BOISE CITY, ID (FHA|USDA|VA) 17 $5,525,000 $325,000 $4,623 3.84%
RENO, NV (FHA|USDA|VA) 15 $5,495,000 $366,333 $4,001 3.83%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 13 $5,195,000 $399,615 $2,919 3.73%
SALINAS, CA (FHA|USDA|VA) 11 $4,795,000 $435,909 $4,572 3.90%
PROVO-OREM, UT (FHA|USDA|VA) 15 $4,635,000 $309,000 $3,280 3.69%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 17 $4,415,000 $259,706 $3,382 4.15%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 13 $4,055,000 $311,923 $4,139 3.81%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 13 $3,775,000 $290,385 $4,926 3.80%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 11 $3,555,000 $323,182 $3,823 4.03%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 9 $3,335,000 $370,556 $3,325 3.99%
ST. GEORGE, UT (FHA|USDA|VA) 8 $3,200,000 $400,000 $3,622 3.86%
SALEM, OR (FHA|USDA|VA) 12 $3,190,000 $265,833 $4,383 3.71%
WORCESTER, MA-CT (FHA|USDA|VA) 8 $3,070,000 $383,750 $4,366 3.64%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 13 $2,955,000 $227,308 $3,890 3.79%
TUCSON, AZ (FHA|USDA|VA) 11 $2,925,000 $265,909 $4,883 3.99%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 12 $2,790,000 $232,500 $3,160 3.72%
OKLAHOMA CITY, OK (FHA|USDA|VA) 12 $2,720,000 $226,667 $4,612 4.09%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 8 $2,660,000 $332,500 $3,431 3.81%
BAKERSFIELD, CA (FHA|USDA|VA) 10 $2,650,000 $265,000 $3,722 4.17%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 10 $2,640,000 $264,000 $3,178 3.81%
BOULDER, CO (FHA|USDA|VA) 7 $2,595,000 $370,714 $3,243 3.95%
RICHMOND, VA (FHA|USDA|VA) 9 $2,395,000 $266,111 $3,448 3.64%
Heber, UT (FHA|USDA|VA) 5 $2,305,000 $461,000 $3,725 3.85%
Truckee-Grass Valley, CA (FHA|USDA|VA) 8 $2,160,000 $270,000 $2,950 3.90%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 6 $2,060,000 $343,333 $3,757 4.15%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 8 $2,020,000 $252,500 $3,868 4.05%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $2,015,000 $287,857 $3,978 3.60%
CHICO, CA (FHA|USDA|VA) 8 $1,990,000 $248,750 $3,274 3.71%
BEND, OR (FHA|USDA|VA) 7 $1,965,000 $280,714 $3,336 3.75%
LONGVIEW, WA (FHA|USDA|VA) 6 $1,930,000 $321,667 $2,836 3.75%
FLAGSTAFF, AZ (FHA|USDA|VA) 6 $1,900,000 $316,667 $2,965 4.06%
FORT COLLINS, CO (FHA|USDA|VA) 5 $1,855,000 $371,000 $4,109 3.68%
BELLINGHAM, WA (FHA|USDA|VA) 5 $1,745,000 $349,000 $3,865 3.85%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,655,000 $331,000 $3,846 3.93%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $1,645,000 $548,333 $4,350 3.83%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 7 $1,585,000 $226,429 $3,403 4.00%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 6 $1,580,000 $263,333 $3,444 3.60%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $1,525,000 $508,333 $4,479 3.96%
TULSA, OK (FHA|USDA|VA) 5 $1,495,000 $299,000 $4,548 3.86%
VALLEJO, CA (FHA|USDA|VA) 5 $1,405,000 $281,000 $2,907 3.78%
PITTSBURGH, PA (FHA|USDA|VA) 5 $1,355,000 $271,000 $4,491 3.60%
ALBUQUERQUE, NM (FHA|USDA|VA) 4 $1,350,000 $337,500 $3,578 3.72%
MADERA, CA (FHA|USDA|VA) 5 $1,315,000 $263,000 $4,963 3.65%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $1,300,000 $325,000 $2,744 3.66%
NAPA, CA (FHA|USDA|VA) 3 $1,255,000 $418,333 $5,943 3.67%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $1,230,000 $307,500 $3,396 3.78%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 4 $1,170,000 $292,500 $3,849 3.56%
Kapaa, HI (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $7,633 4.88%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $1,130,000 $188,333 $4,192 3.48%
GREELEY, CO (FHA|USDA|VA) 3 $1,125,000 $375,000 $4,937 3.71%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 4 $1,120,000 $280,000 $4,954 3.50%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 4 $1,120,000 $280,000 $3,609 4.34%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,105,000 $368,333 $8,788 3.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $1,100,000 $275,000 $3,678 3.81%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $1,085,000 $361,667 $4,280 3.73%
MODESTO, CA (FHA|USDA|VA) 4 $1,040,000 $260,000 $2,828 3.78%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $1,035,000 $345,000 $3,055 3.88%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $1,030,000 $171,667 $2,327 4.10%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,000,000 $250,000 $4,279 3.34%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $975,000 $325,000 $3,622 4.17%
OCEAN CITY, NJ (FHA|USDA|VA) 3 $945,000 $315,000 $3,743 3.58%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 5 $935,000 $187,000 $4,115 3.83%
SPRINGFIELD, MA (FHA|USDA|VA) 3 $925,000 $308,333 $4,022 4.04%
ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $905,000 $301,667 $6,793 3.46%
WILMINGTON, NC (FHA|USDA|VA) 3 $885,000 $295,000 $4,022 3.58%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $860,000 $430,000 $3,870 3.75%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 3 $815,000 $271,667 $2,785 3.50%
LONGVIEW, TX (FHA|USDA|VA) 4 $810,000 $202,500 $4,109 3.94%
Mount Pleasant, TX (FHA|USDA|VA) 3 $795,000 $265,000 $4,029 3.61%
SALISBURY, MD-DE (FHA|USDA|VA) 4 $790,000 $197,500 $3,491 4.22%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $765,000 $255,000 $2,984 3.58%
WINSTON-SALEM, NC (FHA|USDA|VA) 4 $760,000 $190,000 $4,329 3.66%
GRAND JUNCTION, CO (FHA|USDA|VA) 3 $755,000 $251,667 $3,279 3.79%
SANTA FE, NM (FHA|USDA|VA) 2 $750,000 $375,000 $3,546 4.00%
Granbury, TX (FHA|USDA|VA) 2 $750,000 $375,000 $3,916 3.55%
ASHEVILLE, NC (FHA|USDA|VA) 3 $745,000 $248,333 $3,299 3.38%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $720,000 $360,000 $3,433 3.81%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $715,000 $238,333 $3,837 3.77%
WINCHESTER, VA-WV (FHA|USDA|VA) 3 $715,000 $238,333 $3,219 4.08%
BATON ROUGE, LA (FHA|USDA|VA) 3 $705,000 $235,000 $3,908 3.83%
KNOXVILLE, TN (FHA|USDA|VA) 3 $685,000 $228,333 $2,945 4.08%
LANCASTER, PA (FHA|USDA|VA) 2 $680,000 $340,000 $4,772 3.88%
PUEBLO, CO (FHA|USDA|VA) 2 $670,000 $335,000 $6,702 4.62%
HAMMOND, LA (FHA|USDA|VA) 2 $650,000 $325,000 $5,556 3.88%
LAS CRUCES, NM (FHA|USDA|VA) 3 $645,000 $215,000 $6,095 3.63%
Athens, TX (FHA|USDA|VA) 2 $640,000 $320,000 $3,890 3.81%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $625,000 $208,333 $3,841 3.46%
Hailey, ID (FHA|USDA|VA) 2 $620,000 $310,000 $3,418 3.81%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $615,000 $615,000 $2,971 4.88%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $580,000 $290,000 $3,641 4.63%
TYLER, TX (FHA|USDA|VA) 2 $580,000 $290,000 $4,896 3.94%
JACKSON, MS (FHA|USDA|VA) 2 $570,000 $285,000 $3,351 4.38%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $565,000 $188,333 $4,830 3.67%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $535,000 $178,333 $4,553 3.42%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $520,000 $260,000 $2,731 3.31%
WACO, TX (FHA|USDA|VA) 2 $500,000 $250,000 $4,114 3.56%
CORVALLIS, OR (FHA|USDA|VA) 2 $490,000 $245,000 $3,341 4.74%
HARRISONBURG, VA (FHA|USDA|VA) 2 $490,000 $245,000 $7,097 3.31%
Hood River, OR (FHA|USDA|VA) 1 $485,000 $485,000 $2,604 3.88%
Sonora, CA (FHA|USDA|VA) 1 $485,000 $485,000 $4,438 4.88%
Kerrville, TX (FHA|USDA|VA) 1 $485,000 $485,000 $6,149 3.63%
LYNCHBURG, VA (FHA|USDA|VA) 2 $480,000 $240,000 $1,239 3.75%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $480,000 $240,000 $4,008 3.63%
Newport, OR (FHA|USDA|VA) 1 $475,000 $475,000 $3,335 4.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $460,000 $230,000 $2,936 3.75%
CARSON CITY, NV (FHA|USDA|VA) 2 $460,000 $230,000 $3,223 4.62%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $450,000 $225,000 $6,636 3.38%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $445,000 $445,000 $18,801 4.50%
COLUMBIA, SC (FHA|USDA|VA) 2 $430,000 $215,000 $4,259 4.50%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $425,000 $425,000 $4,001 3.25%
Moscow, ID (FHA|USDA|VA) 1 $405,000 $405,000 $3,830 4.49%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $400,000 $200,000 $3,152 4.13%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $395,000 $395,000 $2,660 3.85%
Clearlake, CA (FHA|USDA|VA) 2 $390,000 $195,000 $4,165 3.38%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $380,000 $190,000 $3,489 3.75%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $375,000 $375,000 $4,810 3.13%
Oak Harbor, WA (FHA|USDA|VA) 1 $375,000 $375,000 $3,003 4.25%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $365,000 $365,000 $3,070 3.50%
Coos Bay, OR (FHA|USDA|VA) 1 $355,000 $355,000 $6,764 3.50%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $350,000 $175,000 $3,888 3.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $350,000 $175,000 $5,102 4.81%
Uvalde, TX (FHA|USDA|VA) 1 $345,000 $345,000 $4,509 3.38%
Clarksburg, WV (FHA|USDA|VA) 1 $345,000 $345,000 $10,164 2.88%
Payson, AZ (FHA|USDA|VA) 3 $335,000 $111,667 $3,560 4.21%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $330,000 $165,000 $3,307 3.81%
GETTYSBURG, PA (FHA|USDA|VA) 1 $325,000 $325,000 $4,688 3.63%
Vernal, UT (FHA|USDA|VA) 1 $325,000 $325,000 $3,904 3.88%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $325,000 $325,000 $14,237 3.13%
Shelby, NC (FHA|USDA|VA) 1 $325,000 $325,000 $3,348 3.99%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $320,000 $160,000 $3,166 5.00%
GAINESVILLE, GA (FHA|USDA|VA) 1 $315,000 $315,000 $2,872 4.13%
PITTSFIELD, MA (FHA|USDA|VA) 1 $315,000 $315,000 $2,739 4.13%
Aberdeen, WA (FHA|USDA|VA) 2 $310,000 $155,000 $2,654 4.25%
Outside of Metro Areas 1 $305,000 $305,000 $5,082 3.50%
YUBA CITY, CA (FHA|USDA|VA) 1 $305,000 $305,000 $3,280 3.38%
Whitewater, WI (FHA|USDA|VA) 1 $295,000 $295,000 $2,203 3.38%
LOGAN, UT-ID (FHA|USDA|VA) 1 $295,000 $295,000 $3,316 3.38%
Durango, CO (FHA|USDA|VA) 1 $295,000 $295,000 $2,992 3.38%
STAUNTON, VA (FHA|USDA|VA) 1 $295,000 $295,000 $3,044 4.25%
Boone, NC (FHA|USDA|VA) 1 $295,000 $295,000 $3,501 4.99%
EL PASO, TX (FHA|USDA|VA) 2 $290,000 $145,000 $5,009 3.94%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $285,000 $285,000 $2,877 4.00%
Breckenridge, CO (FHA|USDA|VA) 1 $285,000 $285,000 $7,535 4.00%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $275,000 $275,000 $2,970 3.75%
Brookings, OR (FHA|USDA|VA) 1 $275,000 $275,000 $7,858 3.38%
Shelton, WA (FHA|USDA|VA) 1 $275,000 $275,000 $3,698 4.25%
MIDLAND, TX (FHA|USDA|VA) 1 $265,000 $265,000 $9,810 4.88%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,142 4.13%
LUBBOCK, TX (FHA|USDA|VA) 1 $265,000 $265,000 $8,091 3.63%
MADISON, WI (FHA|USDA|VA) 1 $255,000 $255,000 $3,127 4.00%
WENATCHEE, WA (FHA|USDA|VA) 1 $255,000 $255,000 $3,242 4.25%
GREEN BAY, WI (FHA|USDA|VA) 1 $255,000 $255,000 $3,129 3.50%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $245,000 $245,000 $3,448 4.13%
READING, PA (FHA|USDA|VA) 1 $245,000 $245,000 $4,425 4.00%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $245,000 $245,000 $2,890 3.88%
Rexburg, ID (FHA|USDA|VA) 1 $245,000 $245,000 $4,249 4.38%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $235,000 $235,000 $2,511 3.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $225,000 $225,000 $3,326 3.00%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $225,000 $225,000 $3,830 4.13%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $225,000 $225,000 $2,265 3.50%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $225,000 $225,000 $3,138 3.50%
Baraboo, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,489 3.88%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $225,000 $225,000 $3,306 3.38%
WALLA WALLA, WA (FHA|USDA|VA) 1 $225,000 $225,000 $3,969 4.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,817 3.88%
Steamboat Springs, CO (FHA|USDA|VA) 1 $225,000 $225,000 $3,187 3.88%
Concord, NH (FHA|USDA|VA) 1 $215,000 $215,000 $3,232 3.63%
ANN ARBOR, MI (FHA|USDA|VA) 1 $215,000 $215,000 $2,945 3.63%
ST. CLOUD, MN (FHA|USDA|VA) 1 $215,000 $215,000 $3,022 3.75%
LAREDO, TX (FHA|USDA|VA) 1 $215,000 $215,000 $3,257 4.75%
DeRidder, LA (FHA|USDA|VA) 1 $215,000 $215,000 $3,247 4.00%
Hilo, HI (FHA|USDA|VA) 1 $215,000 $215,000 $4,239 4.13%
ROANOKE, VA (FHA|USDA|VA) 1 $215,000 $215,000 $2,964 3.63%
SAN ANGELO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $1,172 3.38%
Jefferson, GA (FHA|USDA|VA) 1 $205,000 $205,000 $2,716 3.00%
Huntsville, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,533 3.75%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $205,000 $205,000 $3,296 4.38%
Oxford, MS (FHA|USDA|VA) 1 $205,000 $205,000 $2,487 3.50%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $205,000 $205,000 $3,423 3.38%
MONROE, MI (FHA|USDA|VA) 1 $195,000 $195,000 $2,932 3.50%
Port Angeles, WA (FHA|USDA|VA) 1 $195,000 $195,000 $2,515 3.00%
Bemidji, MN (FHA|USDA|VA) 1 $195,000 $195,000 $3,172 4.50%
LOUISVILLE, KY (FHA|USDA|VA) 1 $185,000 $185,000 $2,855 3.88%
Sevierville, TN (FHA|USDA|VA) 1 $185,000 $185,000 $3,091 4.38%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,499 3.38%
Ellensburg, WA (FHA|USDA|VA) 1 $185,000 $185,000 $3,450 4.13%
Fernley, NV (FHA|USDA|VA) 1 $175,000 $175,000 $2,814 4.23%
GOLDSBORO, NC (FHA|USDA|VA) 1 $165,000 $165,000 $2,926 3.00%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,138 4.38%
COLUMBUS, OH (FHA|USDA|VA) 1 $165,000 $165,000 $2,624 3.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,002 4.25%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $165,000 $165,000 $3,258 4.25%
Cedar City, UT (FHA|USDA|VA) 1 $155,000 $155,000 $3,158 3.75%
CHEYENNE, WY (FHA|USDA|VA) 1 $155,000 $155,000 $2,680 3.00%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $145,000 $145,000 $2,817 3.75%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $3,157 5.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $145,000 $145,000 $2,902 4.50%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $145,000 $145,000 $2,547 4.00%
DOTHAN, AL (FHA|USDA|VA) 1 $135,000 $135,000 $2,522 3.88%
LAFAYETTE, LA (FHA|USDA|VA) 1 $135,000 $135,000 $2,947 4.25%
FLORENCE, SC (FHA|USDA|VA) 1 $135,000 $135,000 $5,375 2.88%
MOBILE, AL (FHA|USDA|VA) 1 $115,000 $115,000 $3,279 4.38%
Show Low, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $3,487 5.38%
Watermark Capital's top markets include Los Angeles, Dallas, Phoenix, San Francisco, and San Diego among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,119 $1,143,315,000 $366,565 $3,924 3.90%
    VA 128 $46,570,000 $363,828 $7,099 3.59%
    FHA 121 $34,675,000 $286,570 $9,310 3.98%
    USDA 22 $4,960,000 $225,455 $7,959 4.31%

    For 2019, Watermark Capital's most frequently originated type of loan was Conventional, with 3,119 originations. Their 2nd most popular type was VA, with 128 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,685 $619,475,000 $367,641 $3,490 3.75%
    Home Purchase 1,044 $370,760,000 $355,134 $5,477 4.11%
    Cash Out Refi 660 $238,970,000 $362,076 $4,316 3.95%
    Home Improvement 1 $315,000 $315,000 $3,839 3.50%

    For 2019, Watermark Capital's most frequently cited loan purpose was Refi, with 1,685 originations. The 2nd most popular reason was Home Purchase, with 1,044 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,791 $1,046,295,000 $374,882 $4,387 3.99%
    15 Year 410 $121,000,000 $295,122 $3,639 3.38%
    20 Year 133 $40,225,000 $302,444 $3,399 3.65%
    Other 29 $10,005,000 $345,000 $4,181 3.76%
    10 Year 21 $5,495,000 $261,667 $3,418 3.28%
    30+ year 5 $6,495,000 $1,299,000 $16,007 4.93%
    3 Year 1 $5,000 $5,000 $22 0.00%

    For 2019, Watermark Capital's most frequently cited loan duration was 30 Year, with 2,791 originations. The 2nd most popular length was 15 Year, with 410 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,767 $1,015,275,000 $366,923
    $2k-3k 253 $80,665,000 $318,834
    $3k-4k 144 $46,140,000 $320,417
    $5k+ 108 $53,390,000 $494,352
    $4k-5k 80 $31,660,000 $395,750
    $<1k 37 $2,145,000 $57,973

    Watermark Capital's average total fees were $4,387, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,767 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,204 $806,410,000 $365,885
    4-5% 964 $352,250,000 $365,405
    2.5-3% 110 $33,660,000 $306,000
    5-6% 95 $34,475,000 $362,895
    <2.5% 13 $405,000 $31,154
    6-7% 3 $1,635,000 $545,000
    7-8% 1 $685,000 $685,000

    During 2019, Watermark Capital's average interest rate for loans was 3.99%, while their most frequently originated rate bucket for loans was 3-4%, with 2,204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,776 $512,310,000 $288,463 $4,134 3.85%
    $400k-600k 751 $357,655,000 $476,238 $4,251 3.87%
    $100k-200k 473 $78,095,000 $165,106 $3,757 4.05%
    $600k-1MM 278 $198,070,000 $712,482 $5,254 4.05%
    $1MM+ 64 $81,360,000 $1,271,250 $9,246 4.19%
    $100,000 or less 48 $2,030,000 $42,292 $1,723 3.16%

    2019 saw Watermark Capital place emphasis on $200k-400k loans with 1,776 originations, totaling $512,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,043 $363,555,000 $348,567 $3,953 3.89%
    $150k-250k 800 $347,160,000 $433,950 $4,253 3.92%
    $75k-100k 587 $166,715,000 $284,012 $4,038 3.86%
    $50k-75k 421 $99,645,000 $236,686 $4,393 3.88%
    $250k+ 332 $204,880,000 $617,108 $5,425 4.01%
    $50k or less 205 $46,805,000 $228,317 $4,364 3.80%

    Watermark Capital lent most frequently to those with incomes in the $100k-150k range, with 1,043 originations. The second most popular income band? $150k-250k, with 800 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 762 $271,110,000 $355,787 $3,865 3.82%
    30-36% 712 $274,520,000 $385,562 $4,143 3.90%
    <20% 218 $69,300,000 $317,890 $3,631 3.79%
    39% 142 $54,760,000 $385,634 $3,991 3.86%
    42% 139 $52,795,000 $379,820 $4,195 3.97%
    37% 138 $50,850,000 $368,478 $4,389 3.94%
    40% 137 $51,065,000 $372,737 $4,776 4.02%
    38% 130 $51,250,000 $394,231 $4,514 4.00%
    36% 127 $44,505,000 $350,433 $4,296 3.89%
    44% 118 $36,760,000 $311,525 $4,388 4.07%
    43% 118 $40,570,000 $343,814 $4,393 3.97%
    41% 111 $42,015,000 $378,514 $3,946 3.92%
    47% 91 $31,705,000 $348,407 $4,446 3.98%
    46% 87 $30,145,000 $346,494 $4,826 3.98%
    45% 75 $24,775,000 $330,333 $4,583 3.94%
    49% 73 $28,495,000 $390,342 $4,553 3.91%
    48% 70 $25,480,000 $364,000 $4,350 4.01%
    50-60% 55 $22,365,000 $406,636 $9,258 4.14%
    >60% 6 $1,900,000 $316,667 $5,217 4.04%

    Watermark Capital lent most frequently to those with DTI ratios of 20-30%, with 762 originations. The next most common DTI ratio? 30-36%, with 712 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,452 $877,660,000 $357,936 $4,285 3.92%
    Not provided 510 $190,360,000 $373,255 $4,165 3.79%
    Asian 311 $120,185,000 $386,447 $4,001 3.87%
    Black 76 $25,470,000 $335,132 $4,996 3.99%
    American Indian 20 $7,940,000 $397,000 $5,168 3.71%
    Asian Indian 8 $3,140,000 $392,500 $3,629 3.76%
    Native Hawaiian or Islander 8 $2,520,000 $315,000 $3,689 4.11%
    Other Asian 3 $1,035,000 $345,000 $7,430 3.21%
    Japanese 1 $925,000 $925,000 $3,187 3.75%
    Vietnamese 1 $285,000 $285,000 $4,555 3.63%

    Approval Rates

    Total approvals of all applications
    95.21%

    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
    74.87%

    Watermark Capital has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,390 $1,229,520,000 $362,690

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $500,000 $250,000
    Single Family (1-4 Units):Site-Built 3,388 $1,229,020,000 $362,757

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 164 $49,590,000 $302,378 $3,431 3.71%
    40-60% 563 $208,915,000 $371,075 $3,595 3.73%
    60-80% 1,630 $613,310,000 $376,264 $3,898 3.95%
    80-100% 986 $352,410,000 $357,414 $5,499 3.99%
    Over 100% 2 $710,000 $355,000 $4,056 3.44%
    Under 20% 45 $4,585,000 $101,889 $1,663 2.90%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    WATERMARK CAPITAL, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    WATERMARK CAPITAL, INC. Conventional home mortgage Trouble during payment process 1 50.0%