Capital Mortgage Services Corp. Rates, Fees & Info

San Juan,

LEI: 254900SI9TPITPEZ5332

Tax ID: 66-0827037

1 stars - out of 5 stars, based on 22 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include San Juan, San GermÁn, Aguadilla, Arecibo, and MayagÜez among others. Capital Mortgage Services Corp. has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Capital Mortgage Services Corp. is typically a high fee lendor.


Originations

467

Origination Dollar Volume (All Markets)

$94,395,000

Relative Rate

Capital Mortgage Services Corp.'s average 30 year fixed rate mortgage of loans were 4.36%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 1.21%.

Relative Fees

Capital Mortgage Services Corp.'s average total fees for a 30 year fixed rate mortgage are $9,366.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) 364 $77,600,000 $213,187 $10,159 4.40%
SAN GERMÁN, PR (FHA|USDA|VA) 36 $5,080,000 $141,111 $6,796 4.33%
AGUADILLA-ISABELA, PR (FHA|USDA|VA) 21 $4,345,000 $206,905 $8,027 4.43%
Arecibo, PR (FHA|USDA|VA) 24 $3,380,000 $140,833 $7,210 3.84%
MAYAGÜEZ, PR (FHA|USDA|VA) 15 $3,215,000 $214,333 $9,408 4.35%
PONCE, PR (FHA|USDA|VA) 4 $490,000 $122,500 $4,322 3.81%
YAUCO, PR (FHA|USDA|VA) 2 $190,000 $95,000 $6,079 4.75%
Coamo, PR (FHA|USDA|VA) 1 $95,000 $95,000 $6,750 3.00%

Capital Mortgage Services Corp.'s top markets include San Juan, San GermÁn, Aguadilla, Arecibo, and MayagÜez among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 246 $58,550,000 $238,008 $10,033 5.07%
FHA 123 $22,565,000 $183,455 $10,520 3.56%
USDA 83 $9,995,000 $120,422 $6,722 3.57%
VA 15 $3,285,000 $219,000 $9,783 3.68%

For the 2021 period, Capital Mortgage Services Corp.'s most frequently originated loan type of loans were Conventional, with 246 originations. Their 2nd most popular type is FHA, with 123 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 418 $82,710,000 $197,871 $9,440 4.37%
Refi 30 $7,760,000 $258,667 $11,097 4.17%
Cash Out Refi 18 $3,710,000 $206,111 $9,247 4.60%
Other 1 $215,000 $215,000 $16,397 3.75%

For the 2021, Capital Mortgage Services Corp.'s most frequently cited loan purpose of loans were Home Purchase, with 418 originations. The 2nd most popular reason of loans were Refi, with 30 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 415 $80,235,000 $193,337 $9,366 4.36%
15 Year 39 $10,795,000 $276,795 $11,409 4.39%
20 Year 10 $2,870,000 $287,000 $11,434 4.38%
Other 3 $495,000 $165,000 $5,189 4.54%

For the 2021, Capital Mortgage Services Corp.'s most frequently cited loan length of loans were 30 Year, with 415 originations. The 2nd most popular length of loans were 15 Year, with 39 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$3k-4k 167 $21,545,000 $129,012
$5k+ 161 $56,635,000 $351,770
$2k-3k 67 $6,265,000 $93,507
$1k-2k 26 $2,210,000 $85,000
$<1k 10 $1,160,000 $116,000

$9,366 of loans were Capital Mortgage Services Corp.'s average total fees, while their most frequently occuring range of origination fees were in the $3k-4k bucket, with 167 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 220 $38,620,000 $175,545
5-6% 101 $25,125,000 $248,762
4-5% 66 $15,380,000 $233,030
2.5-3% 52 $10,930,000 $210,192
6-7% 24 $4,030,000 $167,917
7-8% 4 $310,000 $77,500

During 2021, Capital Mortgage Services Corp.'s average interest rate of loans were 4.36%, while their most frequently originated rate bucket of loans were 3-4%, with 220 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 202 $27,830,000 $137,772 $7,333 4.18%
$200k-400k 113 $32,205,000 $285,000 $13,372 4.36%
$100,000 or less 109 $8,465,000 $77,661 $4,880 4.56%
$400k-600k 28 $13,630,000 $486,786 $18,904 4.33%
$600k-1MM 13 $9,865,000 $758,846 $26,309 5.44%
$1MM+ 2 $2,400,000 $1,200,000 $37,777 5.44%

2021 saw Capital Mortgage Services Corp. place emphasis on $100k-200k loans with 202 originations, totaling $27,830,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 227 $32,855,000 $144,736 $7,754 4.04%
$50k-75k 73 $10,695,000 $146,507 $7,547 4.35%
$150k-250k 49 $14,165,000 $289,082 $11,783 5.13%
$100k-150k 43 $10,355,000 $240,814 $11,658 4.63%
$250k+ 43 $20,025,000 $465,698 $17,647 4.92%
$75k-100k 32 $6,300,000 $196,875 $10,271 4.38%

Capital Mortgage Services Corp. lent most frequently to those with incomes in the $50k or less range, with 227 originations. The second most popular income band? $50k-75k, with 73 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 95 $20,825,000 $219,211 $10,026 4.51%
>60% 85 $16,735,000 $196,882 $10,166 4.03%
30-36% 69 $12,915,000 $187,174 $9,044 4.45%
<20% 31 $8,185,000 $264,032 $9,739 4.46%
43% 17 $3,385,000 $199,118 $8,519 4.90%
36% 17 $3,425,000 $201,471 $9,850 4.83%
39% 17 $2,615,000 $153,824 $7,942 4.45%
40% 17 $4,785,000 $281,471 $11,101 4.61%
44% 16 $3,390,000 $211,875 $9,834 4.16%
41% 14 $2,680,000 $191,429 $8,705 4.75%
45% 14 $2,950,000 $210,714 $10,221 4.21%
50-60% 13 $2,085,000 $160,385 $11,290 3.63%
37% 13 $2,085,000 $160,385 $8,453 4.24%
38% 13 $1,905,000 $146,538 $7,054 4.25%
42% 10 $1,890,000 $189,000 $9,514 5.00%
49% 9 $1,625,000 $180,556 $7,481 3.79%
46% 8 $1,780,000 $222,500 $9,774 3.95%
48% 5 $705,000 $141,000 $8,080 4.15%
47% 4 $430,000 $107,500 $6,774 3.94%

Capital Mortgage Services Corp. lent most frequently to those with DTI ratios of 20-30%, with 95 originations. The next most common DTI ratio? >60%, with 85 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 440 $87,360,000 $198,545 $9,505 4.35%
Black 21 $5,175,000 $246,429 $10,191 4.42%
American Indian 1 $1,205,000 $1,205,000 $31,865 5.00%
Asian 5 $655,000 $131,000 $6,357 5.33%

Approval Rates

Total approvals of all applications
88.51%

Capital Mortgage Services Corp. has an average approval rate.

Pick Rate

Approvals leading to origination
70.91%

Capital Mortgage Services Corp. has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 467 $94,395,000 $202,131

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
467 $94,395,000 $202,131

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 2 $190,000 $95,000 $6,037 3.94%
40-60% 15 $2,375,000 $158,333 $7,943 4.83%
60-80% 97 $22,765,000 $234,691 $9,973 5.02%
80-100% 309 $61,905,000 $200,340 $9,339 4.24%
Over 100% 44 $7,160,000 $162,727 $10,839 3.61%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%