Socotra Capital Mortgage Rates, Fees & Info
Sacramento, CALEI: 254900QCW317M0N17680
Tax ID: 41-2232111
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Mortgage Data
Review & Overview
Socotra Capital is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Socotra Capital has a high proportion of conventional loans. Their top markets by origination volume include: Sacramento, San Francisco, Bakersfield, San Jose, and Las Vegas among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Socotra Capital has an above average approval rate when compared to the average across all lenders.
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Originations
49Origination Dollar Volume (All Markets)
$16,815,000Top 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 |
---|---|---|---|---|---|
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 18 | $3,990,000 | $221,667 | $0 | 10.12% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $3,080,000 | $770,000 | $0 | 10.02% |
BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $2,475,000 | $2,475,000 | $0 | 10.99% |
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $1,355,000 | $1,355,000 | $0 | 10.25% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $0 | 10.38% |
YUBA CITY, CA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $0 | 10.50% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 9.99% |
Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 9.80% |
Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 10.25% |
FRESNO, CA (FHA|USDA|VA) | 5 | $545,000 | $109,000 | $0 | 11.05% |
SALINAS, CA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 9.75% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 10.25% |
MODESTO, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 10.50% |
MERCED, CA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 10.75% |
STOCKTON, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.99% |
Outside of Metro Areas | 1 | $165,000 | $165,000 | $0 | 10.00% |
Pahrump, NV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.25% |
VALLEJO, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 9.70% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 9.99% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 49 | $16,815,000 | $343,163 | $0 | 10.26% |
For 2019, Socotra Capital's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Home Purchase | 29 | $10,005,000 | $345,000 | $0 | 10.23% |
Cash Out Refi | 18 | $5,830,000 | $323,889 | $0 | 10.14% |
Refi | 2 | $980,000 | $490,000 | $0 | 11.68% |
For 2019, Socotra Capital's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
For 2019, Socotra Capital's most frequently cited loan duration was Other, with 37 originations. The 2nd most popular length was 3 Year, with 6 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
Over 8% | 49 | $16,815,000 | $343,163 |
During 2019, Socotra Capital's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 49 originations.
Loan Sizing
2019 saw Socotra Capital place emphasis on $100k-200k loans with 19 originations, totaling $2,705,000 in origination value.
Applicant Income
Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$75k-100k | 22 | $4,880,000 | $221,818 | $0 | 10.56% |
Socotra Capital lent most frequently to those with incomes in the $75k-100k range, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Socotra 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 originationPoints and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 49 | $16,815,000 | $343,163 |