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 mid-sized mortgage company specializing in 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, Dallas, Phoenix, Riverside, and San Diego among others. We have data for 259 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.31% | 11/21/24 |
| 30 Year Conventional Refi | 6.10% | 11/21/24 |
| 30 Year Cash-out Refi | 6.29% | 11/21/24 |
| 30 Year FHA Purchase | 7.19% | 11/21/24 |
| 30 Year FHA Refi | 6.16% | 11/21/24 |
| 30 Year VA Purchase | 5.86% | 11/21/24 |
| 30 Year VA Refi | 5.66% | 11/21/24 |
| 30 Year USDA Purchase | 6.19% | 11/21/24 |
| 15 Year Conventional Purchase | 5.85% | 11/21/24 |
| 15 Year Conventional Refi | 5.60% | 11/21/24 |
| 15 Year Cash-out Refi | 5.60% | 11/21/24 |
| 15 Year VA Purchase | 5.77% | 11/21/24 |
| 15 Year VA Refi | 5.23% | 11/21/24 |
| 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
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This is not an official calculator from Watermark Capital. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
8,630Origination Dollar Volume (All Markets)
$3,032,230,000Awards
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Watermark Capital - 2020
Watermark Capital is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 2,007 | $868,825,000 | $432,897 | $3,397 | 2.90% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 583 | $212,715,000 | $364,863 | $4,886 | 3.06% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 700 | $205,760,000 | $293,943 | $3,240 | 3.03% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 552 | $169,740,000 | $307,500 | $3,098 | 2.81% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 419 | $166,715,000 | $397,888 | $3,089 | 2.80% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 388 | $157,900,000 | $406,959 | $3,107 | 2.73% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 360 | $111,650,000 | $310,139 | $2,896 | 2.79% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 238 | $90,910,000 | $381,975 | $2,885 | 2.81% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 154 | $61,600,000 | $400,000 | $3,112 | 2.87% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 170 | $59,970,000 | $352,765 | $3,082 | 2.93% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 128 | $52,430,000 | $409,609 | $2,997 | 2.66% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 170 | $46,190,000 | $271,706 | $3,026 | 2.95% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 107 | $41,345,000 | $386,402 | $3,063 | 2.89% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 111 | $40,335,000 | $363,378 | $3,128 | 2.93% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 103 | $35,525,000 | $344,903 | $3,397 | 2.86% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 98 | $32,300,000 | $329,592 | $2,995 | 2.77% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 118 | $31,270,000 | $265,000 | $3,874 | 2.98% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 82 | $25,310,000 | $308,659 | $2,821 | 2.84% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 80 | $24,500,000 | $306,250 | $3,905 | 3.02% |
| FRESNO, CA (FHA|USDA|VA) | 88 | $23,490,000 | $266,932 | $2,949 | 2.76% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 67 | $23,375,000 | $348,881 | $3,496 | 2.83% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 65 | $19,545,000 | $300,692 | $3,039 | 2.78% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 52 | $18,280,000 | $351,538 | $2,837 | 2.73% |
| STOCKTON, CA (FHA|USDA|VA) | 59 | $17,795,000 | $301,610 | $2,963 | 2.76% |
| VALLEJO, CA (FHA|USDA|VA) | 47 | $15,425,000 | $328,191 | $3,369 | 2.81% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 51 | $15,025,000 | $294,608 | $3,097 | 2.89% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 48 | $14,680,000 | $305,833 | $4,196 | 2.84% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 34 | $14,080,000 | $414,118 | $3,087 | 2.77% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 42 | $14,050,000 | $334,524 | $2,712 | 2.81% |
| Outside of Metro Areas | 50 | $13,650,000 | $273,000 | $3,218 | 2.89% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 56 | $12,910,000 | $230,536 | $2,761 | 2.80% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 43 | $12,885,000 | $299,651 | $3,196 | 2.81% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 41 | $12,455,000 | $303,780 | $3,738 | 3.14% |
| BOISE CITY, ID (FHA|USDA|VA) | 36 | $11,890,000 | $330,278 | $3,329 | 2.91% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 39 | $11,585,000 | $297,051 | $3,966 | 3.12% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 35 | $11,415,000 | $326,143 | $2,709 | 2.83% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 35 | $10,885,000 | $311,000 | $2,556 | 2.81% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 35 | $10,625,000 | $303,571 | $2,706 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 39 | $10,145,000 | $260,128 | $3,118 | 2.57% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 34 | $9,260,000 | $272,353 | $2,792 | 2.84% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 28 | $8,680,000 | $310,000 | $3,171 | 2.66% |
| VISALIA, CA (FHA|USDA|VA) | 35 | $8,615,000 | $246,143 | $2,979 | 2.60% |
| SALINAS, CA (FHA|USDA|VA) | 24 | $8,520,000 | $355,000 | $2,786 | 2.90% |
| TUCSON, AZ (FHA|USDA|VA) | 36 | $8,060,000 | $223,889 | $2,879 | 3.12% |
| RICHMOND, VA (FHA|USDA|VA) | 26 | $7,810,000 | $300,385 | $2,624 | 2.84% |
| RENO, NV (FHA|USDA|VA) | 25 | $7,445,000 | $297,800 | $2,778 | 2.80% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 24 | $7,090,000 | $295,417 | $3,307 | 2.90% |
| PROVO-OREM, UT (FHA|USDA|VA) | 20 | $6,880,000 | $344,000 | $2,867 | 2.92% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 22 | $6,310,000 | $286,818 | $3,538 | 3.00% |
| CHICO, CA (FHA|USDA|VA) | 21 | $6,055,000 | $288,333 | $2,752 | 2.77% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 15 | $5,385,000 | $359,000 | $3,047 | 2.70% |
| MODESTO, CA (FHA|USDA|VA) | 20 | $5,300,000 | $265,000 | $2,635 | 2.83% |
| BOULDER, CO (FHA|USDA|VA) | 12 | $5,190,000 | $432,500 | $3,411 | 3.35% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 22 | $5,040,000 | $229,091 | $2,803 | 2.61% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 18 | $4,370,000 | $242,778 | $2,525 | 2.95% |
| REDDING, CA (FHA|USDA|VA) | 16 | $4,370,000 | $273,125 | $2,967 | 2.97% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 20 | $4,360,000 | $218,000 | $2,573 | 2.79% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 20 | $4,280,000 | $214,000 | $2,742 | 3.22% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 15 | $4,115,000 | $274,333 | $2,642 | 2.66% |
| PITTSBURGH, PA (FHA|USDA|VA) | 16 | $4,060,000 | $253,750 | $4,513 | 2.84% |
| YUBA CITY, CA (FHA|USDA|VA) | 14 | $3,630,000 | $259,286 | $2,737 | 2.94% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 12 | $3,490,000 | $290,833 | $3,071 | 2.76% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 12 | $3,460,000 | $288,333 | $2,751 | 2.66% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 14 | $3,440,000 | $245,714 | $2,672 | 2.89% |
| BEND, OR (FHA|USDA|VA) | 10 | $3,270,000 | $327,000 | $2,987 | 2.78% |
| MADERA, CA (FHA|USDA|VA) | 11 | $3,215,000 | $292,273 | $2,995 | 2.73% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 13 | $3,145,000 | $241,923 | $3,307 | 2.95% |
| NAPA, CA (FHA|USDA|VA) | 8 | $3,140,000 | $392,500 | $2,935 | 2.84% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 15 | $3,105,000 | $207,000 | $3,296 | 2.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 11 | $2,935,000 | $266,818 | $2,840 | 2.63% |
| Show Low, AZ (FHA|USDA|VA) | 9 | $2,915,000 | $323,889 | $3,632 | 3.11% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 10 | $2,830,000 | $283,000 | $2,814 | 2.70% |
| SALEM, OR (FHA|USDA|VA) | 9 | $2,685,000 | $298,333 | $3,534 | 3.11% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 11 | $2,525,000 | $229,545 | $2,821 | 3.08% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 10 | $2,380,000 | $238,000 | $3,419 | 2.78% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 8 | $2,310,000 | $288,750 | $3,189 | 3.03% |
| BELLINGHAM, WA (FHA|USDA|VA) | 7 | $2,165,000 | $309,286 | $2,773 | 2.79% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 7 | $2,135,000 | $305,000 | $2,730 | 3.16% |
| Outside of Metro Areas | 5 | $2,015,000 | $403,000 | $3,455 | 2.93% |
| Hilo, HI (FHA|USDA|VA) | 3 | $1,955,000 | $651,667 | $4,233 | 2.96% |
| JACKSON, MS (FHA|USDA|VA) | 6 | $1,930,000 | $321,667 | $2,947 | 2.69% |
| CARSON CITY, NV (FHA|USDA|VA) | 6 | $1,890,000 | $315,000 | $3,005 | 2.85% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 8 | $1,860,000 | $232,500 | $3,481 | 3.66% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 6 | $1,850,000 | $308,333 | $3,766 | 3.10% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 7 | $1,845,000 | $263,571 | $3,295 | 2.95% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 7 | $1,835,000 | $262,143 | $3,118 | 2.86% |
| FORT COLLINS, CO (FHA|USDA|VA) | 7 | $1,805,000 | $257,857 | $2,944 | 2.89% |
| SANTA FE, NM (FHA|USDA|VA) | 5 | $1,745,000 | $349,000 | $3,889 | 3.35% |
| Athens, TX (FHA|USDA|VA) | 3 | $1,695,000 | $565,000 | $8,872 | 2.83% |
| GREELEY, CO (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $3,230 | 3.25% |
| Durango, CO (FHA|USDA|VA) | 4 | $1,670,000 | $417,500 | $2,630 | 2.69% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 7 | $1,605,000 | $229,286 | $2,906 | 2.95% |
| ST. GEORGE, UT (FHA|USDA|VA) | 4 | $1,540,000 | $385,000 | $2,832 | 2.81% |
| WENATCHEE, WA (FHA|USDA|VA) | 4 | $1,480,000 | $370,000 | $2,720 | 3.22% |
| Sonora, CA (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $3,473 | 2.94% |
| COLUMBUS, OH (FHA|USDA|VA) | 7 | $1,445,000 | $206,429 | $2,731 | 2.93% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $4,249 | 3.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $3,729 | 2.81% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $3,601 | 3.05% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $3,183 | 3.34% |
| WACO, TX (FHA|USDA|VA) | 5 | $1,335,000 | $267,000 | $3,658 | 3.15% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $3,752 | 2.62% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 6 | $1,280,000 | $213,333 | $3,786 | 2.75% |
| TULSA, OK (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $4,085 | 3.12% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $2,539 | 2.59% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $2,617 | 2.66% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $6,834 | 3.21% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $3,727 | 3.09% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $3,815 | 2.56% |
| Breckenridge, CO (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $3,278 | 3.33% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $3,507 | 3.50% |
| MERCED, CA (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $2,564 | 2.70% |
| Clearlake, CA (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $2,940 | 2.84% |
| Heber, UT (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $2,772 | 3.08% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $4,844 | 3.10% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $3,380 | 3.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $4,454 | 2.47% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $2,654 | 2.93% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $2,714 | 3.06% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $3,621 | 2.88% |
| Granbury, TX (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $3,871 | 2.67% |
| Torrington, CT (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $1,423 | 2.44% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $3,194 | 3.10% |
| Edwards, CO (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $2,642 | 2.44% |
| EL CENTRO, CA (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $3,211 | 3.08% |
| Hailey, ID (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $4,524 | 2.50% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $3,959 | 3.04% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $2,849 | 2.97% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $3,914 | 3.06% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $3,332 | 2.50% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $2,533 | 2.83% |
| Shelby, NC (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $2,786 | 2.63% |
| PITTSFIELD, MA (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $2,857 | 2.72% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $4,130 | 3.21% |
| Centralia, WA (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,680 | 3.37% |
| LONGVIEW, WA (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $3,828 | 3.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $2,809 | 2.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $2,921 | 3.04% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $3,126 | 3.29% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $3,956 | 3.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $4,053 | 3.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $3,831 | 2.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $7,057 | 2.56% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $3,131 | 3.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $2,808 | 2.97% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $3,471 | 2.96% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $2,757 | 2.42% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $3,399 | 3.25% |
| Payson, AZ (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,132 | 2.56% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $2,992 | 2.92% |
| Red Bluff, CA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,269 | 2.41% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $2,666 | 2.83% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $7,464 | 2.62% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,292 | 3.00% |
| MIDLAND, TX (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $3,924 | 3.13% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $6,859 | 3.63% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,012 | 2.94% |
| TYLER, TX (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,925 | 2.69% |
| Los Alamos, NM (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,841 | 2.63% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,904 | 3.31% |
| FLINT, MI (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,730 | 3.44% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,878 | 3.88% |
| LOGAN, UT-ID (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,013 | 2.88% |
| Forest City, NC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,023 | 3.06% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,014 | 3.38% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,687 | 2.75% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,872 | 2.50% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,993 | 2.44% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,977 | 3.31% |
| Roseburg, OR (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $2,819 | 3.08% |
| YUMA, AZ (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $3,260 | 3.25% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,760 | 2.73% |
| EL PASO, TX (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $3,287 | 2.96% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,519 | 3.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,813 | 1.88% |
| Moscow, ID (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,512 | 2.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,413 | 2.13% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,437 | 3.25% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,419 | 2.68% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,782 | 2.75% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,295 | 3.44% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,673 | 2.63% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,174 | 3.13% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,401 | 3.11% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,195 | 2.56% |
| Hood River, OR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,329 | 2.63% |
| Whitewater, WI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,625 | 2.44% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,920 | 2.63% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,607 | 2.75% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 3.38% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,539 | 2.75% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,835 | 3.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,455 | 2.63% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,755 | 3.25% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,506 | 2.63% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,929 | 3.63% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,015 | 2.25% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,239 | 3.38% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,283 | 2.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,632 | 2.25% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,314 | 2.88% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,557 | 3.25% |
| Boone, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,172 | 2.88% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,622 | 3.25% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,500 | 2.56% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,485 | 2.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,340 | 2.86% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,316 | 3.38% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,539 | 2.88% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,482 | 2.75% |
| MONROE, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,539 | 2.88% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,810 | 3.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,923 | 3.38% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,472 | 3.38% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,397 | 3.88% |
| Union City, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,785 | 2.38% |
| ERIE, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,946 | 2.50% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,367 | 2.75% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,459 | 3.38% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,739 | 3.13% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,198 | 2.75% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,843 | 2.63% |
| Dumas, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,122 | 3.50% |
| Brookings, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,112 | 2.88% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,596 | 2.25% |
| Washington, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,525 | 2.75% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,022 | 2.88% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,392 | 2.25% |
| DeRidder, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,462 | 3.50% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,705 | 2.63% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,197 | 2.99% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,459 | 2.63% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,437 | 2.63% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,854 | 2.88% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,983 | 3.50% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,313 | 3.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,437 | 2.63% |
| Oxford, MS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,487 | 2.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,711 | 2.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,719 | 2.13% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,372 | 2.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,705 | 3.38% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,163 | 3.25% |
| Washington, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,814 | 2.63% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,911 | 4.50% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,056 | 3.13% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,004 | 3.25% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,358 | 2.25% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,343 | 3.13% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,805 | 2.25% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,492 | 3.50% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,176 | 3.13% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,653 | 3.38% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,456 | 2.75% |
| Brenham, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,327 | 3.38% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,758 | 2.88% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,637 | 2.88% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,655 | 4.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,437 | 3.50% |
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Product Mix
For 2020, Watermark Capital's most frequently originated type of loan was Conventional, with 8,370 originations. Their 2nd most popular type was VA, with 201 originations.
Loan Reason
For 2020, Watermark Capital's most frequently cited loan purpose was Refi, with 6,835 originations. The 2nd most popular reason was Cash Out Refi, with 1,042 originations.
Loan Duration/Length
For 2020, Watermark Capital's most frequently cited loan duration was 30 Year, with 6,581 originations. The 2nd most popular length was 15 Year, with 1,281 originations.
Origination Fees/Closing Costs
Watermark Capital's average total fees were $3,405, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 8,064 originations.
Interest Rates
During 2020, Watermark Capital's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,723 originations.
Loan Sizing
2020 saw Watermark Capital place emphasis on $200k-400k loans with 4,611 originations, totaling $1,351,875,000 in origination value.
Applicant Income
Watermark Capital lent most frequently to those with incomes in the $100k-150k range, with 2,796 originations. The second most popular income band? $150k-250k, with 2,214 originations.
Applicant Debt to Income Ratio
Watermark Capital lent most frequently to those with DTI ratios of 20-30%, with 2,624 originations. The next most common DTI ratio? 30-36%, with 1,662 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.86%
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 origination79.58%
Watermark Capital has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 8,630 | $3,032,230,000 | $351,359 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 4 | $1,050,000 | $262,500 |
| Single Family (1-4 Units):Site-Built | 8,626 | $3,031,180,000 | $351,400 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WATERMARK CAPITAL, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 5 | 83.3% |
| WATERMARK CAPITAL, INC. | Conventional home mortgage | Trouble during payment process | 1 | 16.7% |