Pivotal Capital Group Ii Mortgage Rates, Fees & Info

Wilmington, DE

LEI: 254900QPQ7RHWVUGYW23

Tax ID: 46-4124053

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Mortgage Data

Review & Overview

Pivotal Capital Group Ii is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Pivotal Capital Group Ii has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Riverside, San Jose, and San Diego among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pivotal Capital Group Ii 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.

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Originations

174

Origination Dollar Volume (All Markets)

$131,840,000

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) 99 $74,575,000 $753,283 $0 8.52%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 28 $28,360,000 $1,012,857 $0 9.12%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 19 $7,525,000 $396,053 $0 8.54%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $5,540,000 $1,385,000 $0 10.56%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $4,285,000 $612,143 $0 8.71%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $4,135,000 $827,000 $0 10.80%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $2,150,000 $1,075,000 $0 8.00%
VALLEJO, CA (FHA|USDA|VA) 4 $1,740,000 $435,000 $0 7.75%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,550,000 $775,000 $0 10.63%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,390,000 $695,000 $0 10.63%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $590,000 $295,000 $0 7.75%
Pivotal Capital Group Ii's top markets include Los Angeles, San Francisco, Riverside, San Jose, and San Diego among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 174 $131,840,000 $757,701 $0 8.76%

    For 2022, Pivotal Capital Group Ii's most frequently originated type of loan was Conventional, with 174 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 91 $76,915,000 $845,220 $0 9.13%
    Home Purchase 82 $54,500,000 $664,634 $0 8.36%
    Cash Out Refi 1 $425,000 $425,000 $0 7.00%

    For 2022, Pivotal Capital Group Ii's most frequently cited loan purpose was Home Improvement, with 91 originations. The 2nd most popular reason was Home Purchase, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 101 $78,535,000 $777,574 $0 8.77%
    1 Year 73 $53,305,000 $730,205 $0 8.74%

    For 2022, Pivotal Capital Group Ii's most frequently cited loan duration was Other, with 101 originations. The 2nd most popular length was 1 Year, with 73 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 84 $60,630,000 $721,786
    7-8% 76 $60,890,000 $801,184
    6-7% 14 $10,320,000 $737,143

    During 2022, Pivotal Capital Group Ii's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 62 $47,930,000 $773,065 $0 9.20%
    $400k-600k 50 $24,480,000 $489,600 $0 8.15%
    $1MM+ 41 $53,165,000 $1,296,707 $0 8.91%
    $200k-400k 19 $5,875,000 $309,211 $0 8.52%
    $100k-200k 2 $390,000 $195,000 $0 9.00%

    2022 saw Pivotal Capital Group Ii place emphasis on $600k-1MM loans with 62 originations, totaling $47,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 1 $555,000 $555,000 $0 8.50%
    $50k-75k 1 $605,000 $605,000 $0 13.75%

    Pivotal Capital Group Ii lent most frequently to those with incomes in the $250k+ range, with 1 originations. The second most popular income band? $50k-75k, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 169 $128,615,000 $761,036 $0 8.70%
    White 3 $2,025,000 $675,000 $0 10.25%
    American Indian 1 $605,000 $605,000 $0 13.75%
    Asian 1 $595,000 $595,000 $0 8.00%

    Approval Rates

    Total approvals of all applications
    93.60%

    Pivotal Capital Group Ii has an average approval rate.

    Pick Rate

    Approvals leading to origination
    40.80%

    Pivotal Capital Group Ii 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 174 $131,840,000 $757,701

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    174 $131,840,000 $757,701

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $735,000 $735,000 $0 7.75%
    40-60% 4 $2,450,000 $612,500 $0 8.25%
    60-80% 125 $86,615,000 $692,920 $0 8.55%
    80-100% 44 $42,040,000 $955,455 $0 9.40%