Capital Mortgage Services Corp. Rates, Fees & Info
San Juan,LEI: 254900SI9TPITPEZ5332
Tax ID: 66-0827037
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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, San GermÁn, Aguadilla, Arecibo, and Yauco among others. We have data for 7 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.96% | 4/14/24 |
| 30 Year Conventional Refi | 7.12% | 4/14/24 |
| 30 Year Cash-out Refi | 6.91% | 4/14/24 |
| 30 Year FHA Purchase | 7.68% | 4/14/24 |
| 30 Year FHA Refi | 6.39% | 4/14/24 |
| 30 Year VA Purchase | 7.09% | 4/14/24 |
| 30 Year USDA Purchase | 7.13% | 4/14/24 |
| 15 Year Conventional Purchase | 6.29% | 4/14/24 |
| 15 Year Conventional Refi | 5.68% | 4/14/24 |
| 15 Year Cash-out Refi | 5.68% | 4/14/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
276Origination Dollar Volume (All Markets)
$44,910,000Top 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 |
|---|---|---|---|---|---|
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 209 | $36,575,000 | $175,000 | $8,788 | 5.39% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 18 | $2,710,000 | $150,556 | $7,867 | 5.22% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 21 | $2,465,000 | $117,381 | $6,909 | 4.95% |
| Arecibo, PR (FHA|USDA|VA) | 14 | $1,530,000 | $109,286 | $6,269 | 4.72% |
| YAUCO, PR (FHA|USDA|VA) | 6 | $710,000 | $118,333 | $7,284 | 5.42% |
| MAYAGÜEZ, PR (FHA|USDA|VA) | 5 | $515,000 | $103,000 | $6,267 | 5.10% |
| PONCE, PR (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $5,361 | 5.04% |
Their top states include:
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.
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Product Mix
For 2019, Capital Mortgage Services Corp.'s most frequently originated type of loan was Conventional, with 128 originations. Their 2nd most popular type was FHA, with 81 originations.
Loan Reason
For 2019, Capital Mortgage Services Corp.'s most frequently cited loan purpose was Home Purchase, with 255 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
For 2019, Capital Mortgage Services Corp.'s most frequently cited loan duration was 30 Year, with 261 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
Capital Mortgage Services Corp.'s average total fees were $8,393, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 74 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 89 | $13,025,000 | $146,348 |
| 5-6% | 72 | $12,210,000 | $169,583 |
| 6-7% | 68 | $12,750,000 | $187,500 |
| 3-4% | 45 | $6,605,000 | $146,778 |
| 7-8% | 2 | $320,000 | $160,000 |
During 2019, Capital Mortgage Services Corp.'s average interest rate for loans was 5.28%, while their most frequently originated rate bucket for loans was 4-5%, with 89 originations.
Loan Sizing
2019 saw Capital Mortgage Services Corp. place emphasis on $100k-200k loans with 125 originations, totaling $16,875,000 in origination value.
Applicant Income
Capital Mortgage Services Corp. lent most frequently to those with incomes in the $50k or less range, with 102 originations. The second most popular income band? $50k-75k, with 57 originations.
Applicant Debt to Income Ratio
Capital Mortgage Services Corp. lent most frequently to those with DTI ratios of 20-30%, with 1 originations. The next most common DTI ratio? 36%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.55%
Capital Mortgage Services Corp. has an average approval rate.
Pick Rate
Approvals leading to origination62.32%
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 | 276 | $44,910,000 | $162,717 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 276 | $44,910,000 | $162,717 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CAPITAL ONE FINANCIAL CORPORATION | Other type of mortgage | Trouble during payment process | 1 | 3.8% |
| CAPITAL ONE FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 7.7% |
| CAPITAL ONE FINANCIAL CORPORATION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.8% |
| CAPITAL ONE FINANCIAL CORPORATION | Other type of mortgage | Struggling to pay mortgage | 1 | 3.8% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 7.7% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Closing on a mortgage | 3 | 11.5% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 3.8% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 3 | 11.5% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Trouble during payment process | 10 | 38.5% |
| CAPITAL ONE FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 7.7% |