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 Cash Out Refi, Home Purchase, and Refi loans. Calcap Lending has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Francisco, San Jose, and Sacramento among others. We have data for 18 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. They typically have about average rates.
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Originations
51Origination Dollar Volume (All Markets)
$32,555,000Top 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) | 13 | $10,835,000 | $833,462 | $0 | 8.82% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $5,005,000 | $715,000 | $0 | 8.77% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $3,270,000 | $545,000 | $0 | 9.30% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $2,880,000 | $1,440,000 | $0 | 9.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $2,480,000 | $620,000 | $0 | 8.79% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $2,085,000 | $2,085,000 | $0 | 7.99% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,495,000 | $498,333 | $0 | 7.63% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 8.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $0 | 9.96% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 7.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 9.49% |
| NAPA, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 7.95% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 8.99% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.45% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.49% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 10.00% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 12.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.68% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $32,555,000 | $638,333 | $0 | 8.89% |
For 2020, Calcap Lending's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 23 | $10,865,000 | $472,391 | $0 | 8.99% |
| Home Purchase | 19 | $12,775,000 | $672,368 | $0 | 8.96% |
| Refi | 9 | $8,915,000 | $990,556 | $0 | 8.47% |
For 2020, Calcap Lending's most frequently cited loan purpose was Cash Out Refi, with 23 originations. The 2nd most popular reason was Home Purchase, with 19 originations.
Loan Duration/Length
For 2020, Calcap Lending's most frequently cited loan duration was 1 Year, with 30 originations. The 2nd most popular length was 3 Year, with 15 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 37 | $24,755,000 | $669,054 |
| 7-8% | 11 | $6,185,000 | $562,273 |
| 6-7% | 2 | $1,240,000 | $620,000 |
| 5-6% | 1 | $375,000 | $375,000 |
During 2020, Calcap Lending's average interest rate for loans was 6.34%, while their most frequently originated rate bucket for loans was Over 8%, with 37 originations.
Loan Sizing
2020 saw Calcap Lending place emphasis on $200k-400k loans with 19 originations, totaling $5,515,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.73%
Calcap Lending has an average approval rate.
Pick Rate
Approvals leading to origination35.29%
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 |
|---|---|---|---|
| NA | 51 | $32,555,000 | $638,333 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 51 | $32,555,000 | $638,333 |