Capital Mortgage Services Corp. Rates, Fees & Info

San Juan,

LEI: 254900SI9TPITPEZ5332

Tax ID: 66-0827037

2.5 stars - Updated: 7/14/24 - out of 5 stars, based on 14 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Capital Mortgage Services Corp. is a smaller mortgage company specializing in Home Purchase loans. Capital Mortgage Services Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: San Juan, Aguadilla, MayagÜez, San GermÁn, and Arecibo among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Capital Mortgage Services Corp. 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. Capital Mortgage Services Corp. is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.96% 7/14/24
30 Year Conventional Refi 7.12% 7/14/24
30 Year Cash-out Refi 6.91% 7/14/24
30 Year FHA Purchase 7.68% 7/14/24
30 Year FHA Refi 6.39% 7/14/24
30 Year VA Purchase 7.09% 7/14/24
30 Year USDA Purchase 7.13% 7/14/24
15 Year Conventional Purchase 6.29% 7/14/24
15 Year Conventional Refi 5.68% 7/14/24
15 Year Cash-out Refi 5.68% 7/14/24
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.

Capital Mortgage Services Corp. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Capital Mortgage Services Corp.. 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

199

Origination Dollar Volume (All Markets)

$33,545,000

Relative Rate

Capital Mortgage Services Corp.'s average 30 year fixed mortgage rate was 7.38%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.9%.

Relative Fees (Closing Costs)

Capital Mortgage Services Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $8,834.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) 167 $28,605,000 $171,287 $8,830 7.36%
AGUADILLA-ISABELA, PR (FHA|USDA|VA) 13 $1,835,000 $141,154 $7,960 7.38%
MAYAGÜEZ, PR (FHA|USDA|VA) 5 $1,065,000 $213,000 $10,258 7.58%
Outside of Metro Areas 1 $675,000 $675,000 $32,144 7.50%
SAN GERMÁN, PR (FHA|USDA|VA) 5 $635,000 $127,000 $7,493 7.50%
Arecibo, PR (FHA|USDA|VA) 4 $330,000 $82,500 $5,970 7.53%
PONCE, PR (FHA|USDA|VA) 2 $200,000 $100,000 $6,204 7.56%
Coamo, PR (FHA|USDA|VA) 1 $125,000 $125,000 $7,840 7.50%
GUAYAMA, PR (FHA|USDA|VA) 1 $75,000 $75,000 $6,265 7.75%
Capital Mortgage Services Corp.'s top markets include San Juan, Aguadilla, MayagÜez, San GermÁn, and Arecibo among others.

Their top states include:
  • Puerto Rico (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Capital Mortgage Services Corp. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CARIBE FEDERAL CREDIT UNION
    Similarity Rank: 128

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 128 $22,890,000 $178,828 $8,619 7.41%
    FHA 44 $6,450,000 $146,591 $9,694 7.34%
    USDA 17 $1,975,000 $116,176 $7,085 7.26%
    VA 10 $2,230,000 $223,000 $9,836 7.35%

    For 2023, Capital Mortgage Services Corp.'s most frequently originated type of loan was Conventional, with 128 originations. Their 2nd most popular type was FHA, with 44 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 187 $32,065,000 $171,471 $8,877 7.38%
    Cash Out Refi 11 $1,365,000 $124,091 $7,304 7.48%
    Refi 1 $115,000 $115,000 $7,652 6.50%

    For 2023, Capital Mortgage Services Corp.'s most frequently cited loan purpose was Home Purchase, with 187 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 189 $31,995,000 $169,286 $8,834 7.38%
    15 Year 6 $870,000 $145,000 $7,816 7.56%
    20 Year 2 $490,000 $245,000 $11,526 6.88%
    10 Year 1 $45,000 $45,000 $3,743 6.25%
    Other 1 $145,000 $145,000 $6,166 7.88%

    For 2023, Capital Mortgage Services Corp.'s most frequently cited loan duration was 30 Year, with 189 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 69 $18,765,000 $271,957
    $3k-4k 68 $6,910,000 $101,618
    $4k-5k 31 $4,445,000 $143,387
    $2k-3k 21 $1,575,000 $75,000
    $1k-2k 2 $90,000 $45,000

    Capital Mortgage Services Corp.'s average total fees were $8,834, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 69 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 133 $22,915,000 $172,293
    6-7% 41 $6,995,000 $170,610
    Over 8% 18 $2,610,000 $145,000
    5-6% 7 $1,025,000 $146,429

    During 2023, Capital Mortgage Services Corp.'s average interest rate for loans was 7.38%, while their most frequently originated rate bucket for loans was 7-8%, with 133 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 84 $11,710,000 $139,405 $7,956 7.37%
    $100,000 or less 58 $4,240,000 $73,103 $5,877 7.44%
    $200k-400k 49 $13,025,000 $265,816 $11,310 7.31%
    $400k-600k 5 $2,465,000 $493,000 $18,609 7.40%
    $600k-1MM 3 $2,105,000 $701,667 $31,387 7.63%

    2023 saw Capital Mortgage Services Corp. place emphasis on $100k-200k loans with 84 originations, totaling $11,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 67 $6,335,000 $94,552 $6,755 7.38%
    $50k-75k 34 $4,310,000 $126,765 $7,681 7.26%
    $100k-150k 33 $6,385,000 $193,485 $9,243 7.35%
    $150k-250k 29 $8,395,000 $289,483 $12,781 7.61%
    $75k-100k 22 $3,450,000 $156,818 $8,162 7.36%
    $250k+ 14 $4,670,000 $333,571 $13,376 7.29%

    Capital Mortgage Services Corp. lent most frequently to those with incomes in the $50k or less range, with 67 originations. The second most popular income band? $50k-75k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 42 $6,490,000 $154,524 $8,079 7.33%
    20-30% 30 $4,750,000 $158,333 $8,139 7.49%
    <20% 16 $3,860,000 $241,250 $10,804 7.51%
    44% 12 $1,640,000 $136,667 $8,058 7.33%
    40% 10 $1,740,000 $174,000 $9,659 7.05%
    38% 10 $1,650,000 $165,000 $8,498 7.43%
    39% 10 $1,860,000 $186,000 $9,223 7.21%
    37% 9 $945,000 $105,000 $6,890 7.15%
    50-60% 8 $1,320,000 $165,000 $8,166 7.33%
    43% 8 $1,170,000 $146,250 $6,835 7.17%
    36% 7 $1,415,000 $202,143 $7,788 7.25%
    48% 7 $1,815,000 $259,286 $13,677 7.63%
    42% 7 $1,365,000 $195,000 $12,568 7.11%
    41% 6 $770,000 $128,333 $6,615 7.65%
    45% 6 $860,000 $143,333 $8,111 8.08%
    46% 4 $650,000 $162,500 $11,069 7.53%
    47% 4 $880,000 $220,000 $13,305 7.31%
    49% 3 $365,000 $121,667 $7,407 7.79%

    Capital Mortgage Services Corp. lent most frequently to those with DTI ratios of 30-36%, with 42 originations. The next most common DTI ratio? 20-30%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 187 $31,835,000 $170,241 $8,871 7.38%
    Black 9 $1,275,000 $141,667 $7,400 7.61%
    Not provided 2 $280,000 $140,000 $8,609 6.75%
    American Indian 1 $155,000 $155,000 $6,869 6.75%

    Approval Rates

    Total approvals of all applications
    85.34%

    Capital Mortgage Services Corp. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.33%

    Capital Mortgage Services Corp. 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 199 $33,545,000 $168,568

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    199 $33,545,000 $168,568

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $90,000 $45,000 $4,269 6.88%
    40-60% 21 $2,705,000 $128,810 $6,676 7.43%
    60-80% 73 $12,155,000 $166,507 $8,795 7.48%
    80-100% 97 $17,385,000 $179,227 $9,178 7.31%
    Over 100% 4 $790,000 $197,500 $12,754 7.13%
    Under 20% 2 $420,000 $210,000 $7,950 7.50%