Calcap Lending Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 254900IO72BNE5PL8P26
Tax ID: 32-0529428
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Calcap Lending is a smaller mortgage company specializing in Refi and Home Purchase loans. Calcap Lending has a high proportion of conventional loans. Their top (well, only) market is Washington.Calcap Lending has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. 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 | 6.27% | 3/24/24 |
| 30 Year Conventional Refi | 6.27% | 3/24/24 |
| 30 Year Cash-out Refi | 6.27% | 3/24/24 |
| 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. | ||
Calcap Lending Mortgage Calculator
Your Estimates
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This is not an official calculator from Calcap Lending. 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
55Origination Dollar Volume (All Markets)
$37,625,000Relative Rate
Calcap Lending's average 30 year fixed mortgage rate was
6.22%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 1.46%.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 54 | $36,610,000 | $677,963 | $1,459,719 | 9.12% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $1,015,000 | $1,015,000 | $0 | 7.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $37,625,000 | $684,091 | $1,459,719 | 9.10% |
For 2022, Calcap Lending's most frequently originated type of loan was Conventional, with 55 originations.
Loan Reason
For 2022, Calcap Lending's most frequently cited loan purpose was Refi, with 24 originations. The 2nd most popular reason was Home Purchase, with 18 originations.
Loan Duration/Length
For 2022, Calcap Lending's most frequently cited loan duration was 1 Year, with 21 originations. The 2nd most popular length was Other, with 19 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 39 | $26,905,000 | $689,872 |
| 7-8% | 12 | $7,760,000 | $646,667 |
| 5-6% | 3 | $755,000 | $251,667 |
| 4-5% | 1 | $2,205,000 | $2,205,000 |
During 2022, Calcap Lending's average interest rate for loans was 6.22%, while their most frequently originated rate bucket for loans was Over 8%, with 39 originations.
Loan Sizing
2022 saw Calcap Lending place emphasis on $200k-400k loans with 19 originations, totaling $5,335,000 in origination value.
Applicant Income
Calcap Lending lent most frequently to those with incomes in the $150k-250k range, with 15 originations. The second most popular income band? $250k+, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 50-60% | 1 | $155,000 | $155,000 | $0 | 11.95% |
Calcap Lending lent most frequently to those with DTI ratios of 50-60%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.24%
Calcap Lending has a below average approval rate.
Pick Rate
Approvals leading to origination-61.82%
Calcap Lending has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 10324.0 | 1 | $305,000 | $305,000 |
| 10424.0 | 1 | $95,000 | $95,000 |
| 105710.5 | 1 | $585,000 | $585,000 |
| 112749.72 | 1 | $595,000 | $595,000 |
| 11780.5 | 1 | $235,000 | $235,000 |
| 11808.84 | 1 | $205,000 | $205,000 |
| 12138.48 | 1 | $385,000 | $385,000 |
| 1225077.47 | 1 | $2,465,000 | $2,465,000 |
| 12560.0 | 1 | $415,000 | $415,000 |
| 13022.37 | 1 | $265,000 | $265,000 |
| 13040.74 | 1 | $485,000 | $485,000 |
| 13211.76 | 1 | $215,000 | $215,000 |
| 132201.3 | 1 | $135,000 | $135,000 |
| 13536.35 | 1 | $245,000 | $245,000 |
| 15102.5 | 1 | $305,000 | $305,000 |
| 16481.26 | 1 | $515,000 | $515,000 |
| 17688.3 | 1 | $585,000 | $585,000 |
| 177125.63 | 1 | $205,000 | $205,000 |
| 17801.25 | 1 | $1,185,000 | $1,185,000 |
| 191019.5 | 1 | $515,000 | $515,000 |
| 19284.5 | 1 | $265,000 | $265,000 |
| 1982794.0 | 1 | $2,605,000 | $2,605,000 |
| 203021.2 | 1 | $545,000 | $545,000 |
| 20530.7 | 1 | $355,000 | $355,000 |
| 2367752.6 | 1 | $2,825,000 | $2,825,000 |
| 25830.66 | 1 | $245,000 | $245,000 |
| 274539.88 | 1 | $225,000 | $225,000 |
| 31193.81 | 1 | $265,000 | $265,000 |
| 32050.75 | 1 | $1,015,000 | $1,015,000 |
| 364802.96 | 1 | $1,015,000 | $1,015,000 |
| 394954.05 | 1 | $335,000 | $335,000 |
| 395011.05 | 1 | $335,000 | $335,000 |
| 40097.75 | 1 | $585,000 | $585,000 |
| 42663.5 | 1 | $1,195,000 | $1,195,000 |
| 536012.04 | 1 | $1,055,000 | $1,055,000 |
| 55431.28 | 1 | $155,000 | $155,000 |
| 56064.72 | 1 | $485,000 | $485,000 |
| 58177.21 | 1 | $2,205,000 | $2,205,000 |
| 62968.0 | 1 | $325,000 | $325,000 |
| 6349.5 | 1 | $105,000 | $105,000 |
| 6398.27 | 1 | $65,000 | $65,000 |
| 67988.45 | 1 | $1,535,000 | $1,535,000 |
| 71457.69 | 1 | $2,045,000 | $2,045,000 |
| 7357.5 | 1 | $155,000 | $155,000 |
| 7660.75 | 1 | $125,000 | $125,000 |
| 791605.14 | 1 | $1,255,000 | $1,255,000 |
| 8095.5 | 1 | $165,000 | $165,000 |
| 81028.12 | 1 | $145,000 | $145,000 |
| 8399.75 | 1 | $155,000 | $155,000 |
| 9361.5 | 1 | $395,000 | $395,000 |
| 9707.45 | 1 | $465,000 | $465,000 |
| 9875.45 | 1 | $175,000 | $175,000 |
| 998045.99 | 1 | $1,005,000 | $1,005,000 |
| NA | 2 | $3,860,000 | $1,930,000 |