General Mortgage Capital Corporation Rates, Fees & Info
Burlingame, CALEI: 254900VELJPWWT51WN03
Tax ID: 47-0953861
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Mortgage Data
Review & Overview
General Mortgage Capital Corporation is a smaller mortgage company specializing in Home Purchase loans. General Mortgage Capital Corporation has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Los Angeles, San Jose, Riverside, and Dallas among others. We have data for 126 markets. (Some data included below & more in-depth data is available with an active subscription.)General Mortgage Capital Corporation 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. General Mortgage Capital Corporation 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 | 6.28% | 4/21/24 |
| 30 Year Conventional Refi | 6.25% | 4/21/24 |
| 15 Year Conventional Purchase | 5.60% | 4/21/24 |
| 15 Year Conventional Refi | 5.83% | 4/21/24 |
| 15 Year Cash-out Refi | 5.83% | 4/21/24 |
| 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. | ||
General Mortgage Capital Corporation Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from General Mortgage Capital Corporation. 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
1,612Origination Dollar Volume (All Markets)
$788,100,000Awards
General Mortgage Capital Corporation - 2023
General Mortgage Capital Corporation is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
General Mortgage Capital Corporation's average 30 year fixed mortgage rate was
6.84%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.36%.
Relative Fees (Closing Costs)
General Mortgage Capital Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,337.
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 Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 273 | $191,835,000 | $702,692 | $11,230 | 6.77% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 264 | $164,950,000 | $624,811 | $10,364 | 6.68% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 83 | $59,985,000 | $722,711 | $7,399 | 6.79% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 70 | $32,890,000 | $469,857 | $8,985 | 6.74% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 78 | $26,690,000 | $342,179 | $6,706 | 6.82% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 63 | $23,645,000 | $375,317 | $7,114 | 6.90% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 46 | $21,970,000 | $477,609 | $7,404 | 7.07% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 54 | $19,620,000 | $363,333 | $8,159 | 7.01% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 30 | $17,480,000 | $582,667 | $8,740 | 6.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 45 | $17,165,000 | $381,444 | $6,087 | 6.46% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 43 | $17,075,000 | $397,093 | $7,062 | 6.91% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 48 | $15,280,000 | $318,333 | $7,941 | 6.71% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 35 | $14,805,000 | $423,000 | $5,406 | 6.84% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 39 | $13,995,000 | $358,846 | $5,814 | 6.53% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 37 | $13,355,000 | $360,946 | $6,925 | 7.10% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 32 | $11,540,000 | $360,625 | $5,427 | 6.62% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 18 | $9,130,000 | $507,222 | $11,722 | 6.95% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 20 | $7,430,000 | $371,500 | $4,097 | 6.77% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 16 | $6,200,000 | $387,500 | $5,414 | 6.66% |
| STOCKTON, CA (FHA|USDA|VA) | 11 | $5,305,000 | $482,273 | $6,642 | 6.44% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 12 | $5,190,000 | $432,500 | $6,646 | 6.85% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 8 | $4,550,000 | $568,750 | $8,649 | 6.77% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 11 | $3,835,000 | $348,636 | $6,876 | 7.94% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $3,470,000 | $867,500 | $11,534 | 6.78% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $3,115,000 | $283,182 | $6,612 | 6.94% |
| WICHITA, KS (FHA|USDA|VA) | 15 | $3,065,000 | $204,333 | $3,939 | 6.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 8 | $3,050,000 | $381,250 | $5,225 | 6.53% |
| VALLEJO, CA (FHA|USDA|VA) | 6 | $2,870,000 | $478,333 | $8,264 | 6.60% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 9 | $2,785,000 | $309,444 | $4,981 | 6.40% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $2,730,000 | $341,250 | $6,709 | 6.95% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $2,550,000 | $637,500 | $5,997 | 6.50% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $2,370,000 | $1,185,000 | $5,882 | 7.06% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 8 | $2,120,000 | $265,000 | $3,926 | 7.16% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $1,970,000 | $328,333 | $3,673 | 7.10% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $1,695,000 | $339,000 | $4,831 | 6.90% |
| LUBBOCK, TX (FHA|USDA|VA) | 11 | $1,685,000 | $153,182 | $6,878 | 6.27% |
| Outside of Metro Areas | 5 | $1,645,000 | $329,000 | $5,497 | 6.65% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 4 | $1,640,000 | $410,000 | $5,864 | 7.03% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,625,000 | $541,667 | $7,135 | 6.24% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,530,000 | $382,500 | $3,738 | 7.59% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $1,495,000 | $299,000 | $4,874 | 6.98% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $8,805 | 7.13% |
| Durant, OK (FHA|USDA|VA) | 8 | $1,310,000 | $163,750 | $5,169 | 6.92% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $4,126 | 7.02% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $4,117 | 6.62% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,120,000 | $560,000 | $8,083 | 7.31% |
| MADERA, CA (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $8,347 | 7.21% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $5,970 | 5.94% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $5,461 | 6.41% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $7,195 | 5.83% |
| Jefferson, GA (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $6,275 | 6.71% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $3,013 | 6.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $5,159 | 7.41% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $4,403 | 5.81% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $3,864 | 6.50% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $4,285 | 6.37% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $9,437 | 6.71% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $4,334 | 6.77% |
| KNOXVILLE, TN (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $3,456 | 8.66% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $5,960 | 7.06% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $3,616 | 6.24% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 8.63% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,293 | 6.81% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $3,737 | 6.31% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $6,045 | 6.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,383 | 6.93% |
| AKRON, OH (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $8,188 | 6.50% |
| MIDLAND, TX (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $6,442 | 6.46% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 7.06% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,495 | 7.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $8,289 | 7.50% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $13,398 | 7.63% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,088 | 7.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $4,476 | 7.65% |
| Brevard, NC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,994 | 6.00% |
| HINESVILLE, GA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $5,529 | 6.79% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $11,012 | 6.06% |
| CHICO, CA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,610 | 7.19% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,460 | 5.88% |
| Newport, OR (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $15,711 | 6.49% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,809 | 7.25% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,508 | 6.50% |
| MANHATTAN, KS (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,002 | 6.56% |
| Ukiah, CA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,621 | 7.25% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $7,787 | 7.19% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,780 | 6.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,054 | 7.81% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 7.50% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,910 | 6.99% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,725 | 6.75% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 9.25% |
| REDDING, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $14,940 | 7.99% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 8.38% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,687 | 7.12% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,306 | 7.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,132 | 7.38% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,269 | 6.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,397 | 7.88% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,027 | 6.87% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 8.00% |
| Tifton, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,876 | 6.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,965 | 7.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $11,404 | 7.50% |
| WACO, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,818 | 7.13% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,197 | 7.63% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.13% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.13% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,076 | 5.88% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 8.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 8.75% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,562 | 7.13% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,910 | 7.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,908 | 6.25% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,669 | 4.99% |
| Sanford, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,034 | 7.88% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,005 | 7.99% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,873 | 5.25% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,050 | 6.50% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,374 | 5.88% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.38% |
| Sonora, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,319 | 6.13% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,826 | 6.63% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,266 | 7.25% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,114 | 6.88% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,465 | 7.13% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,612 | $788,100,000 | $488,896 | $8,168 | 6.79% |
For 2023, General Mortgage Capital Corporation's most frequently originated type of loan was Conventional, with 1,612 originations.
Loan Reason
For 2023, General Mortgage Capital Corporation's most frequently cited loan purpose was Home Purchase, with 1,413 originations. The 2nd most popular reason was Cash Out Refi, with 139 originations.
Loan Duration/Length
For 2023, General Mortgage Capital Corporation's most frequently cited loan duration was 30 Year, with 1,522 originations. The 2nd most popular length was 15 Year, with 81 originations.
Origination Fees/Closing Costs
General Mortgage Capital Corporation's average total fees were $8,337, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 770 originations.
Interest Rates
During 2023, General Mortgage Capital Corporation's average interest rate for loans was 6.84%, while their most frequently originated rate bucket for loans was 6-7%, with 899 originations.
Loan Sizing
2023 saw General Mortgage Capital Corporation place emphasis on $200k-400k loans with 581 originations, totaling $169,835,000 in origination value.
Applicant Income
General Mortgage Capital Corporation lent most frequently to those with incomes in the $50k or less range, with 431 originations. The second most popular income band? $150k-250k, with 395 originations.
Applicant Debt to Income Ratio
General Mortgage Capital Corporation lent most frequently to those with DTI ratios of <20%, with 283 originations. The next most common DTI ratio? 30-36%, with 175 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.85%
General Mortgage Capital Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination79.34%
General Mortgage Capital Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,612 | $788,100,000 | $488,896 |