Calcap Lending Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 254900IO72BNE5PL8P26
Tax ID: 32-0529428
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Mortgage Data
Review & Overview
Calcap Lending is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Calcap Lending has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Riverside, Salinas, and Phoenix among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)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.
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
105Origination Dollar Volume (All Markets)
$84,375,000Top 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) | 45 | $48,545,000 | $1,078,778 | $0 | 9.55% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 10 | $7,470,000 | $747,000 | $0 | 9.87% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 10 | $5,430,000 | $543,000 | $0 | 10.10% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $5,220,000 | $2,610,000 | $0 | 9.62% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 10 | $4,690,000 | $469,000 | $0 | 9.67% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $2,245,000 | $2,245,000 | $0 | 8.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $1,780,000 | $445,000 | $0 | 8.87% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $1,220,000 | $610,000 | $0 | 10.24% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $0 | 10.44% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 7.99% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $0 | 9.99% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $0 | 10.08% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 11.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 9.62% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 8.99% |
| REDDING, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 8.99% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 10.50% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 8.25% |
| Outside of Metro Areas | 1 | $245,000 | $245,000 | $0 | 8.49% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 9.49% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 10.74% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.99% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 105 | $84,375,000 | $803,571 | $0 | 9.69% |
For 2018, Calcap Lending's most frequently originated type of loan was Conventional, with 105 originations.
Loan Reason
For 2018, Calcap Lending's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 82 | $64,640,000 | $788,293 | $0 | 9.60% |
| Other | 22 | $19,640,000 | $892,727 | $0 | 10.04% |
| 3 Year | 1 | $95,000 | $95,000 | $0 | 8.75% |
For 2018, Calcap Lending's most frequently cited loan duration was 1 Year, with 82 originations. The 2nd most popular length was Other, with 22 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 96 | $78,870,000 | $821,563 |
| $2k-3k | 3 | $3,435,000 | $1,145,000 |
| $4k-5k | 3 | $465,000 | $155,000 |
| $3k-4k | 2 | $400,000 | $200,000 |
Calcap Lending's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 96 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 95 | $74,745,000 | $786,789 |
| 7-8% | 7 | $7,415,000 | $1,059,286 |
| 6-7% | 3 | $2,215,000 | $738,333 |
During 2018, Calcap Lending's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 95 originations.
Loan Sizing
2018 saw Calcap Lending place emphasis on $600k-1MM loans with 25 originations, totaling $20,015,000 in origination value.
Applicant Income
Calcap Lending lent most frequently to those with incomes in the $50k or less range, with 42 originations. The second most popular income band? $250k+, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| >60% | 2 | $7,300,000 | $3,650,000 | $0 | 9.87% |
Calcap Lending lent most frequently to those with DTI ratios of >60%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.93%
Calcap Lending has a below average approval rate.
Pick Rate
Approvals leading to origination-14.29%
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 |
|---|---|---|---|
| 10327.75 | 1 | $245,000 | $245,000 |
| 10553.0 | 1 | $225,000 | $225,000 |
| 10650.25 | 1 | $345,000 | $345,000 |
| 10740.25 | 1 | $405,000 | $405,000 |
| 114130.5 | 1 | $3,515,000 | $3,515,000 |
| 11579.52 | 1 | $305,000 | $305,000 |
| 11982.25 | 1 | $175,000 | $175,000 |
| 12590.0 | 1 | $175,000 | $175,000 |
| 12682.25 | 1 | $405,000 | $405,000 |
| 127979.75 | 1 | $2,205,000 | $2,205,000 |
| 12813.0 | 1 | $745,000 | $745,000 |
| 12844.3 | 1 | $355,000 | $355,000 |
| 12920.5 | 1 | $405,000 | $405,000 |
| 12970.32 | 1 | $205,000 | $205,000 |
| 13160.48 | 1 | $135,000 | $135,000 |
| 13213.4 | 1 | $175,000 | $175,000 |
| 13516.25 | 1 | $265,000 | $265,000 |
| 13550.25 | 1 | $465,000 | $465,000 |
| 13611.25 | 1 | $225,000 | $225,000 |
| 13809.5 | 1 | $225,000 | $225,000 |
| 14216.25 | 1 | $605,000 | $605,000 |
| 14947.25 | 1 | $565,000 | $565,000 |
| 15167.39 | 1 | $805,000 | $805,000 |
| 15256.83 | 1 | $335,000 | $335,000 |
| 15257.29 | 1 | $375,000 | $375,000 |
| 15777.75 | 1 | $585,000 | $585,000 |
| 16248.0 | 1 | $1,045,000 | $1,045,000 |
| 16436.5 | 1 | $645,000 | $645,000 |
| 16682.25 | 1 | $305,000 | $305,000 |
| 16858.82 | 1 | $995,000 | $995,000 |
| 17990.25 | 1 | $345,000 | $345,000 |
| 18003.25 | 1 | $315,000 | $315,000 |
| 18206.25 | 1 | $685,000 | $685,000 |
| 18221.6 | 1 | $265,000 | $265,000 |
| 18396.45 | 1 | $95,000 | $95,000 |
| 19047.5 | 1 | $1,105,000 | $1,105,000 |
| 20309.08 | 1 | $1,125,000 | $1,125,000 |
| 20826.0 | 1 | $875,000 | $875,000 |
| 21493.11 | 1 | $685,000 | $685,000 |
| 21898.75 | 1 | $415,000 | $415,000 |
| 21996.27 | 1 | $335,000 | $335,000 |
| 223305.71 | 1 | $7,205,000 | $7,205,000 |
| 22657.0 | 1 | $705,000 | $705,000 |
| 22683.25 | 1 | $545,000 | $545,000 |
| 22939.25 | 1 | $635,000 | $635,000 |
| 23153.5 | 1 | $815,000 | $815,000 |
| 23669.5 | 1 | $825,000 | $825,000 |
| 24600.25 | 1 | $805,000 | $805,000 |
| 25165.25 | 1 | $505,000 | $505,000 |
| 25643.25 | 1 | $1,885,000 | $1,885,000 |
| 25810.59 | 1 | $465,000 | $465,000 |
| 25897.36 | 1 | $985,000 | $985,000 |
| 26215.25 | 1 | $975,000 | $975,000 |
| 26775.25 | 1 | $575,000 | $575,000 |
| 26963.55 | 1 | $1,615,000 | $1,615,000 |
| 27021.05 | 1 | $905,000 | $905,000 |
| 27589.7 | 1 | $845,000 | $845,000 |
| 28936.75 | 1 | $2,545,000 | $2,545,000 |
| 29842.25 | 1 | $805,000 | $805,000 |
| 33258.5 | 1 | $755,000 | $755,000 |
| 34881.75 | 1 | $625,000 | $625,000 |
| 34975.26 | 1 | $1,275,000 | $1,275,000 |
| 37977.25 | 1 | $1,055,000 | $1,055,000 |
| 39685.7 | 1 | $1,685,000 | $1,685,000 |
| 40166.5 | 1 | $2,245,000 | $2,245,000 |
| 40398.5 | 1 | $905,000 | $905,000 |
| 4052.8 | 1 | $505,000 | $505,000 |
| 41367.25 | 1 | $875,000 | $875,000 |
| 43706.25 | 1 | $2,005,000 | $2,005,000 |
| 44669.01 | 1 | $955,000 | $955,000 |
| 46450.99 | 1 | $575,000 | $575,000 |
| 47824.25 | 1 | $1,405,000 | $1,405,000 |
| 5028.55 | 1 | $265,000 | $265,000 |
| 50523.37 | 1 | $1,145,000 | $1,145,000 |
| 5545.25 | 1 | $305,000 | $305,000 |
| 55607.5 | 1 | $905,000 | $905,000 |
| 55812.5 | 1 | $1,005,000 | $1,005,000 |
| 5702.5 | 1 | $95,000 | $95,000 |
| 57062.25 | 1 | $4,815,000 | $4,815,000 |
| 60111.5 | 1 | $2,885,000 | $2,885,000 |
| 6156.95 | 1 | $105,000 | $105,000 |
| 6179.25 | 1 | $1,755,000 | $1,755,000 |
| 6270.25 | 1 | $115,000 | $115,000 |
| 6510.25 | 1 | $245,000 | $245,000 |
| 7158.25 | 1 | $125,000 | $125,000 |
| 7355.25 | 1 | $125,000 | $125,000 |
| 7567.5 | 1 | $165,000 | $165,000 |
| 7729.45 | 1 | $65,000 | $65,000 |
| 7778.0 | 1 | $205,000 | $205,000 |
| 7837.2 | 1 | $135,000 | $135,000 |
| 8205.79 | 1 | $265,000 | $265,000 |
| 85093.25 | 1 | $2,605,000 | $2,605,000 |
| 8605.75 | 1 | $155,000 | $155,000 |
| 8790.15 | 1 | $1,175,000 | $1,175,000 |
| 8802.06 | 1 | $95,000 | $95,000 |
| 8967.94 | 1 | $165,000 | $165,000 |
| 9006.1 | 1 | $155,000 | $155,000 |
| 9081.75 | 1 | $185,000 | $185,000 |
| 9163.87 | 1 | $155,000 | $155,000 |
| 9181.75 | 1 | $205,000 | $205,000 |
| 9229.51 | 1 | $165,000 | $165,000 |
| 9575.25 | 1 | $275,000 | $275,000 |
| 9868.92 | 1 | $245,000 | $245,000 |
| 9912.5 | 1 | $655,000 | $655,000 |
| NA | 1 | $1,205,000 | $1,205,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 4 | $9,830,000 | $2,457,500 |
| Single Family (1-4 Units):Site-Built | 101 | $74,545,000 | $738,069 |