General Mortgage Capital Corporation Rates, Fees & Info

Burlingame, CA

LEI: 254900VELJPWWT51WN03

Tax ID: 47-0953861

5 stars - out of 5 stars, based on 91 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

General Mortgage Capital Corporation is a mid-sized mortgage company specializing in Refi and Home Purchase loans. General Mortgage Capital Corporation has a high proportion of conventional loans. Their top markets include San Francisco, San Jose, Los Angeles, Riverside, and San Diego among others. General Mortgage Capital Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. General Mortgage Capital Corporation is typically an average fee lendor.


Originations

8,213

Origination Dollar Volume (All Markets)

$4,211,685,000
Show all (13) awards

Relative Rate

General Mortgage Capital Corporation's average 30 year fixed rate mortgage of loans were 2.97%.

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

This yields a difference of -0.18%.

Relative Fees

General Mortgage Capital Corporation's average total fees for a 30 year fixed rate mortgage are $3,992.

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 Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3,278 $1,778,660,000 $542,605 $3,920 2.86%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1,766 $1,067,940,000 $604,723 $3,609 2.82%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1,551 $721,155,000 $464,961 $3,852 2.81%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 509 $186,695,000 $366,788 $3,806 2.94%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 308 $159,670,000 $518,409 $4,044 2.82%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 298 $104,000,000 $348,993 $3,786 3.01%
STOCKTON, CA (FHA|USDA|VA) 149 $58,815,000 $394,732 $3,615 3.16%
VALLEJO, CA (FHA|USDA|VA) 54 $19,650,000 $363,889 $3,712 3.09%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 36 $18,930,000 $525,833 $3,732 2.91%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 38 $18,750,000 $493,421 $4,597 2.88%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 32 $13,840,000 $432,500 $3,689 2.91%
SALINAS, CA (FHA|USDA|VA) 27 $13,145,000 $486,852 $3,878 3.11%
MERCED, CA (FHA|USDA|VA) 35 $8,645,000 $247,000 $3,542 3.45%
FRESNO, CA (FHA|USDA|VA) 27 $6,815,000 $252,407 $3,782 3.19%
MODESTO, CA (FHA|USDA|VA) 19 $6,095,000 $320,789 $3,915 3.18%
Outside of Metro Areas 16 $5,460,000 $341,250 $4,132 2.98%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 9 $4,275,000 $475,000 $3,959 2.93%
NAPA, CA (FHA|USDA|VA) 9 $3,665,000 $407,222 $3,465 2.90%
Truckee-Grass Valley, CA (FHA|USDA|VA) 10 $3,630,000 $363,000 $4,605 2.82%
BAKERSFIELD, CA (FHA|USDA|VA) 13 $3,145,000 $241,923 $3,728 3.12%
CHICO, CA (FHA|USDA|VA) 8 $2,500,000 $312,500 $3,934 3.12%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 6 $2,490,000 $415,000 $3,239 3.13%
REDDING, CA (FHA|USDA|VA) 3 $995,000 $331,667 $3,955 3.00%
VISALIA, CA (FHA|USDA|VA) 4 $710,000 $177,500 $2,933 2.56%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $480,000 $240,000 $4,995 3.06%
MADERA, CA (FHA|USDA|VA) 1 $455,000 $455,000 $5,428 3.38%
Ukiah, CA (FHA|USDA|VA) 1 $355,000 $355,000 $2,846 2.50%
Sonora, CA (FHA|USDA|VA) 1 $235,000 $235,000 $3,831 2.75%
Clearlake, CA (FHA|USDA|VA) 1 $205,000 $205,000 $4,585 2.63%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $155,000 $155,000 $2,803 3.13%
Red Bluff, CA (FHA|USDA|VA) 1 $125,000 $125,000 $4,231 3.63%

General Mortgage Capital Corporation's top markets include San Francisco, San Jose, Los Angeles, Riverside, and San Diego among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 8,213 $4,211,685,000 $512,807 $3,825 2.86%

For the 2021 period, General Mortgage Capital Corporation's most frequently originated loan type of loans were Conventional, with 8,213 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 6,913 $3,362,035,000 $486,335 $3,436 2.84%
Home Purchase 1,300 $849,650,000 $653,577 $5,899 2.98%

For the 2021, General Mortgage Capital Corporation's most frequently cited loan purpose of loans were Refi, with 6,913 originations. The 2nd most popular reason of loans were Home Purchase, with 1,300 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 6,522 $3,558,900,000 $545,676 $3,992 2.97%
15 Year 1,249 $480,525,000 $384,728 $3,188 2.39%
20 Year 302 $121,310,000 $401,689 $3,204 2.68%
10 Year 79 $24,315,000 $307,785 $3,036 2.30%
Other 61 $26,635,000 $436,639 $3,365 2.91%

For the 2021, General Mortgage Capital Corporation's most frequently cited loan length of loans were 30 Year, with 6,522 originations. The 2nd most popular length of loans were 15 Year, with 1,249 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 7,769 $3,931,625,000 $506,066
$2k-3k 157 $76,535,000 $487,484
$5k+ 143 $108,505,000 $758,776
$3k-4k 123 $75,205,000 $611,423
$<1k 1 $1,075,000 $1,075,000

$3,992 of loans were General Mortgage Capital Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 7,769 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 3,982 $2,182,750,000 $548,154
3-4% 2,323 $1,183,545,000 $509,490
<2.5% 1,852 $812,040,000 $438,467
4-5% 54 $32,020,000 $592,963
5-6% 2 $1,330,000 $665,000

During 2021, General Mortgage Capital Corporation's average interest rate of loans were 2.97%, while their most frequently originated rate bucket of loans were 2.5-3%, with 3,982 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$400k-600k 3,271 $1,611,595,000 $492,692 $3,631 2.83%
$200k-400k 2,719 $844,855,000 $310,723 $3,341 2.84%
$600k-1MM 1,500 $1,145,250,000 $763,500 $4,656 2.96%
$1MM+ 438 $562,640,000 $1,284,566 $5,949 2.93%
$100k-200k 282 $47,070,000 $166,915 $3,164 2.88%
$100,000 or less 3 $275,000 $91,667 $2,998 2.67%

2021 saw General Mortgage Capital Corporation place emphasis on $400k-600k loans with 3,271 originations, totaling $1,611,595,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 2,711 $1,468,985,000 $541,861 $3,830 2.84%
$250k+ 1,838 $1,237,810,000 $673,455 $4,115 2.95%
$100k-150k 1,834 $833,690,000 $454,575 $3,773 2.83%
$75k-100k 993 $394,145,000 $396,923 $3,643 2.79%
$50k-75k 636 $209,360,000 $329,182 $3,477 2.84%
$50k or less 179 $55,955,000 $312,598 $3,604 3.08%

General Mortgage Capital Corporation lent most frequently to those with incomes in the $150k-250k range, with 2,711 originations. The second most popular income band? $250k+, with 1,838 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 1,553 $852,545,000 $548,967 $3,819 2.85%
20-30% 1,527 $750,055,000 $491,195 $3,514 2.74%
49% 477 $217,015,000 $454,958 $4,096 2.94%
<20% 421 $183,645,000 $436,211 $3,404 2.75%
42% 420 $241,390,000 $574,738 $4,165 2.94%
48% 359 $166,485,000 $463,747 $3,901 2.96%
39% 351 $204,315,000 $582,094 $4,197 2.86%
44% 340 $162,670,000 $478,441 $3,876 2.93%
40% 329 $181,975,000 $553,116 $4,053 2.92%
41% 316 $174,430,000 $551,994 $3,869 2.90%
46% 315 $144,305,000 $458,111 $3,819 2.94%
36% 309 $168,575,000 $545,550 $3,862 2.87%
38% 300 $171,500,000 $571,667 $3,994 2.84%
37% 298 $162,760,000 $546,174 $3,774 2.87%
43% 292 $140,390,000 $480,788 $3,907 2.96%
47% 281 $133,165,000 $473,897 $3,984 2.91%
45% 266 $119,130,000 $447,857 $3,867 2.94%
50-60% 16 $7,810,000 $488,125 $3,644 2.97%
>60% 2 $780,000 $390,000 $3,186 2.50%

General Mortgage Capital Corporation lent most frequently to those with DTI ratios of 30-36%, with 1,553 originations. The next most common DTI ratio? 20-30%, with 1,527 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Asian 6,898 $3,532,810,000 $512,150 $3,811 2.87%
White 661 $354,845,000 $536,831 $4,002 2.84%
Not provided 605 $300,015,000 $495,893 $3,809 2.85%
Black 23 $11,925,000 $518,478 $3,576 2.89%
Not applicable 17 $7,475,000 $439,706 $3,784 2.83%
American Indian 5 $2,375,000 $475,000 $3,762 2.90%
Native Hawaiian 3 $1,505,000 $501,667 $3,487 2.96%
Vietnamese 1 $735,000 $735,000 $3,112 2.75%

Approval Rates

Total approvals of all applications
99.42%

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 origination
89.53%

General Mortgage Capital Corporation has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 8,213 $4,211,685,000 $512,807

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
8,213 $4,211,685,000 $512,807

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,842 $749,170,000 $406,716 $3,487 2.78%
40-60% 3,502 $1,756,090,000 $501,453 $3,493 2.82%
60-80% 2,388 $1,439,210,000 $602,684 $4,402 2.99%
80-100% 266 $193,610,000 $727,857 $5,602 3.00%
Under 20% 195 $64,235,000 $329,410 $3,503 2.65%