General Mortgage Capital Corporation Rates, Fees & Info

Burlingame, CA

LEI: 254900VELJPWWT51WN03

Tax ID: 47-0953861

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    General Mortgage Capital Corporation is a smaller mortgage company specializing in Refi and 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 Sacramento among others. We have data for 25 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 low 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 about average 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% 11/22/24
    30 Year Conventional Refi 6.25% 11/22/24
    15 Year Conventional Purchase 5.60% 11/22/24
    15 Year Conventional Refi 5.83% 11/22/24
    15 Year Cash-out Refi 5.83% 11/22/24
    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

    1,744

    Origination Dollar Volume (All Markets)

    $754,410,000

    Awards

    General Mortgage Capital Corporation 30 Year Conventional Loans silver General Mortgage Capital Corporation 30 Year Conventional Loans bronze General Mortgage Capital Corporation 30 Year Conventional Loans bronze General Mortgage Capital Corporation 30 Year Conventional Loans bronze
    Show all (4) awards

    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) 597 $299,175,000 $501,131 $4,285 4.18%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 478 $190,050,000 $397,594 $3,786 3.91%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 234 $120,190,000 $513,632 $3,955 4.02%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 194 $63,790,000 $328,814 $3,734 4.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 85 $26,085,000 $306,882 $3,603 4.10%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 32 $14,450,000 $451,563 $4,235 4.10%
    STOCKTON, CA (FHA|USDA|VA) 24 $7,310,000 $304,583 $3,755 4.49%
    SALINAS, CA (FHA|USDA|VA) 14 $4,900,000 $350,000 $4,136 4.37%
    VALLEJO, CA (FHA|USDA|VA) 13 $4,665,000 $358,846 $4,552 4.13%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 9 $4,595,000 $510,556 $6,272 3.97%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 7 $3,555,000 $507,857 $4,566 4.91%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 8 $2,920,000 $365,000 $3,900 3.97%
    FRESNO, CA (FHA|USDA|VA) 11 $2,175,000 $197,727 $3,480 4.62%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 6 $2,100,000 $350,000 $4,053 4.04%
    CHICO, CA (FHA|USDA|VA) 7 $1,885,000 $269,286 $3,288 4.12%
    MERCED, CA (FHA|USDA|VA) 7 $1,835,000 $262,143 $3,672 4.59%
    MODESTO, CA (FHA|USDA|VA) 5 $1,465,000 $293,000 $3,504 4.30%
    Ukiah, CA (FHA|USDA|VA) 2 $740,000 $370,000 $3,429 4.13%
    REDDING, CA (FHA|USDA|VA) 3 $605,000 $201,667 $7,960 4.46%
    NAPA, CA (FHA|USDA|VA) 2 $590,000 $295,000 $3,677 3.93%
    Sonora, CA (FHA|USDA|VA) 1 $335,000 $335,000 $3,788 4.38%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $280,000 $140,000 $3,680 4.44%
    Outside of Metro Areas 1 $275,000 $275,000 $3,530 4.12%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.88%
    MADERA, CA (FHA|USDA|VA) 1 $215,000 $215,000 $3,621 4.38%
    General Mortgage Capital Corporation's top markets include San Francisco, Los Angeles, San Jose, Riverside, and Sacramento among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

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

    MYPOINT Credit Union
    Similarity Rank: 147
    SAFE 1 CREDIT UNION
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    Educational Employees Credit Union
    Similarity Rank: 187
    Christian Community Credit Union
    Similarity Rank: 220
    COMMUNITY FIRST CREDIT UNION
    Similarity Rank: 290
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 318
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 368
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 546

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,740 $753,880,000 $433,264 $3,997 4.06%
    HELOC 4 $530,000 $132,500 n/a 7.94%

    For 2019, General Mortgage Capital Corporation's most frequently originated type of loan was Conventional, with 1,740 originations. Their 2nd most popular type was HELOC, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,157 $478,025,000 $413,159 $3,383 3.95%
    Home Purchase 538 $253,690,000 $471,543 $5,386 4.32%
    Cash Out Refi 48 $21,870,000 $455,625 $3,327 4.13%
    Home Improvement 1 $825,000 $825,000 $4,762 3.38%

    For 2019, General Mortgage Capital Corporation's most frequently cited loan purpose was Refi, with 1,157 originations. The 2nd most popular reason was Home Purchase, with 538 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,502 $670,370,000 $446,318 $4,076 4.15%
    15 Year 184 $62,300,000 $338,587 $3,402 3.49%
    20 Year 47 $16,645,000 $354,149 $3,085 3.88%
    Other 7 $2,885,000 $412,143 $3,702 3.52%
    30+ year 3 $1,835,000 $611,667 $12,688 5.33%
    10 Year 1 $375,000 $375,000 $7,228 2.88%

    For 2019, General Mortgage Capital Corporation's most frequently cited loan duration was 30 Year, with 1,502 originations. The 2nd most popular length was 15 Year, with 184 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,598 $677,250,000 $423,811
    $5k+ 50 $32,980,000 $659,600
    $2k-3k 33 $15,495,000 $469,545
    $3k-4k 29 $13,375,000 $461,207
    $4k-5k 16 $6,610,000 $413,125

    General Mortgage Capital Corporation's average total fees were $4,076, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,598 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 990 $404,440,000 $408,525
    4-5% 599 $267,785,000 $447,053
    5-6% 114 $64,940,000 $569,649
    2.5-3% 27 $8,825,000 $326,852
    6-7% 10 $7,280,000 $728,000
    7-8% 2 $810,000 $405,000
    Over 8% 2 $330,000 $165,000

    During 2019, General Mortgage Capital Corporation's average interest rate for loans was 4.15%, while their most frequently originated rate bucket for loans was 3-4%, with 990 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 771 $241,805,000 $313,625 $3,668 3.96%
    $400k-600k 638 $298,290,000 $467,539 $3,925 3.98%
    $600k-1MM 215 $154,825,000 $720,116 $4,879 4.51%
    $100k-200k 80 $13,590,000 $169,875 $3,541 4.23%
    $1MM+ 35 $45,505,000 $1,300,143 $8,655 4.74%
    $100,000 or less 5 $395,000 $79,000 $3,738 5.90%

    2019 saw General Mortgage Capital Corporation place emphasis on $200k-400k loans with 771 originations, totaling $241,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 445 $191,625,000 $430,618 $3,784 4.01%
    $150k-250k 383 $188,545,000 $492,285 $4,190 4.12%
    $75k-100k 334 $128,430,000 $384,521 $3,896 3.94%
    $50k-75k 291 $92,335,000 $317,302 $3,622 3.97%
    $250k+ 182 $117,330,000 $644,670 $4,845 4.31%
    $50k or less 106 $34,820,000 $328,491 $4,282 4.43%

    General Mortgage Capital Corporation lent most frequently to those with incomes in the $100k-150k range, with 445 originations. The second most popular income band? $150k-250k, with 383 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 240 $101,620,000 $423,417 $3,963 4.01%
    20-30% 194 $81,490,000 $420,052 $4,065 3.94%
    49% 180 $70,020,000 $389,000 $3,836 4.04%
    48% 126 $54,010,000 $428,651 $4,169 4.06%
    47% 97 $39,205,000 $404,175 $3,908 4.08%
    46% 90 $37,720,000 $419,111 $3,874 4.05%
    40% 80 $38,210,000 $477,625 $3,974 4.18%
    43% 77 $33,215,000 $431,364 $3,854 3.97%
    <20% 72 $29,440,000 $408,889 $4,155 4.16%
    >60% 72 $33,020,000 $458,611 $4,280 4.14%
    44% 71 $31,295,000 $440,775 $3,832 4.18%
    45% 69 $29,525,000 $427,899 $4,123 4.14%
    42% 65 $30,365,000 $467,154 $3,599 4.04%
    37% 64 $31,640,000 $494,375 $4,616 4.05%
    36% 60 $27,290,000 $454,833 $3,781 4.03%
    41% 55 $24,155,000 $439,182 $3,839 4.01%
    39% 55 $28,575,000 $519,545 $4,290 4.25%
    38% 46 $19,680,000 $427,826 $3,646 4.07%
    50-60% 17 $7,795,000 $458,529 $3,828 3.98%

    General Mortgage Capital Corporation lent most frequently to those with DTI ratios of 30-36%, with 240 originations. The next most common DTI ratio? 20-30%, with 194 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 1,458 $621,560,000 $426,310 $3,958 4.07%
    White 218 $102,690,000 $471,055 $4,223 4.12%
    Not provided 52 $22,410,000 $430,962 $4,190 3.94%
    Black 9 $4,255,000 $472,778 $3,701 4.29%
    Native Hawaiian or Islander 5 $2,505,000 $501,000 $3,733 4.02%
    American Indian 1 $615,000 $615,000 $6,269 3.75%
    Other Asian 1 $375,000 $375,000 $3,389 3.99%

    Approval Rates

    Total approvals of all applications
    99.31%

    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
    85.21%

    General Mortgage Capital Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,744 $754,410,000 $432,575

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,744 $754,410,000 $432,575

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 239 $88,015,000 $368,264 $3,726 3.86%
    40-60% 535 $224,175,000 $419,019 $3,785 3.94%
    60-80% 799 $364,035,000 $455,613 $4,145 4.18%
    80-100% 129 $65,745,000 $509,651 $4,603 4.30%
    Under 20% 39 $11,115,000 $285,000 $3,590 4.03%