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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 mid-sized mortgage company specializing in Refi loans. General Mortgage Capital Corporation has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, San Jose, Los Angeles, Riverside, and San Diego among others. We have data for 31 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% 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

    8,424

    Origination Dollar Volume (All Markets)

    $3,642,130,000
    Show all (9) 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) 3,223 $1,481,705,000 $459,729 $3,542 3.05%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1,899 $922,765,000 $485,922 $3,331 3.01%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1,743 $701,185,000 $402,286 $3,322 3.04%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 504 $165,050,000 $327,480 $3,318 3.14%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 285 $119,245,000 $418,404 $3,418 3.03%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 325 $96,815,000 $297,892 $3,350 3.29%
    STOCKTON, CA (FHA|USDA|VA) 113 $40,535,000 $358,717 $3,263 3.33%
    VALLEJO, CA (FHA|USDA|VA) 50 $17,230,000 $344,600 $3,603 3.40%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 32 $15,900,000 $496,875 $3,466 3.30%
    SALINAS, CA (FHA|USDA|VA) 37 $15,145,000 $409,324 $3,986 3.31%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 34 $13,350,000 $392,647 $3,086 3.05%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 31 $11,745,000 $378,871 $3,315 3.21%
    MERCED, CA (FHA|USDA|VA) 46 $9,720,000 $211,304 $2,997 3.71%
    Outside of Metro Areas 15 $5,825,000 $388,333 $4,136 3.37%
    NAPA, CA (FHA|USDA|VA) 12 $4,410,000 $367,500 $3,635 3.40%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 12 $4,340,000 $361,667 $4,290 2.82%
    MODESTO, CA (FHA|USDA|VA) 13 $3,435,000 $264,231 $3,475 3.53%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 6 $2,360,000 $393,333 $3,141 3.50%
    CHICO, CA (FHA|USDA|VA) 9 $2,325,000 $258,333 $3,227 3.08%
    FRESNO, CA (FHA|USDA|VA) 9 $2,145,000 $238,333 $3,535 3.46%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,395,000 $465,000 $3,310 2.42%
    BAKERSFIELD, CA (FHA|USDA|VA) 6 $1,390,000 $231,667 $4,296 3.35%
    Clearlake, CA (FHA|USDA|VA) 2 $690,000 $345,000 $4,328 2.69%
    REDDING, CA (FHA|USDA|VA) 3 $675,000 $225,000 $3,391 3.58%
    VISALIA, CA (FHA|USDA|VA) 3 $655,000 $218,333 $5,890 3.88%
    Red Bluff, CA (FHA|USDA|VA) 2 $560,000 $280,000 $3,087 3.06%
    EL CENTRO, CA (FHA|USDA|VA) 2 $510,000 $255,000 $3,297 2.93%
    YUBA CITY, CA (FHA|USDA|VA) 2 $470,000 $235,000 $2,879 3.19%
    MADERA, CA (FHA|USDA|VA) 1 $205,000 $205,000 $3,319 3.50%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $205,000 $205,000 $5,057 3.00%
    Sonora, CA (FHA|USDA|VA) 1 $145,000 $145,000 $3,910 3.38%
    General Mortgage Capital Corporation's top markets include San Francisco, San Jose, Los Angeles, Riverside, and San Diego 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.

    Monterey Credit Union
    Similarity Rank: 144
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 330
    Chaffey Federal Credit Union
    Similarity Rank: 345
    MERCO Credit Union
    Similarity Rank: 348
    SAFE 1 CREDIT UNION
    Similarity Rank: 369
    MANHATTAN FINANCIAL GROUP, INC.
    Similarity Rank: 384
    MYPOINT Credit Union
    Similarity Rank: 560
    ALTURA
    Similarity Rank: 628
    AltaOne Federal Credit Union
    Similarity Rank: 666
    Christian Community Credit Union
    Similarity Rank: 716

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 8,424 $3,642,130,000 $432,352 $3,417 3.07%

    For 2020, General Mortgage Capital Corporation's most frequently originated type of loan was Conventional, with 8,424 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 7,866 $3,361,260,000 $427,315 $3,282 3.05%
    Home Purchase 553 $278,395,000 $503,427 $5,399 3.32%
    Home Improvement 3 $1,605,000 $535,000 $4,485 3.29%
    Cash Out Refi 2 $870,000 $435,000 $3,571 2.88%

    For 2020, General Mortgage Capital Corporation's most frequently cited loan purpose was Refi, with 7,866 originations. The 2nd most popular reason was Home Purchase, with 553 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,480 $2,908,230,000 $448,801 $3,491 3.17%
    15 Year 1,542 $581,100,000 $376,848 $3,172 2.66%
    20 Year 265 $102,595,000 $387,151 $3,152 3.00%
    Other 70 $28,050,000 $400,714 $3,243 2.94%
    10 Year 66 $21,340,000 $323,333 $3,052 2.51%
    30+ year 1 $815,000 $815,000 $13,405 5.13%

    For 2020, General Mortgage Capital Corporation's most frequently cited loan duration was 30 Year, with 6,480 originations. The 2nd most popular length was 15 Year, with 1,542 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 8,046 $3,454,740,000 $429,374
    $5k+ 136 $80,750,000 $593,750
    $2k-3k 117 $50,635,000 $432,778
    $3k-4k 65 $26,995,000 $415,308
    $4k-5k 57 $27,595,000 $484,123
    $<1k 2 $900,000 $450,000

    General Mortgage Capital Corporation's average total fees were $3,491, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 8,046 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 4,015 $1,754,415,000 $436,965
    3-4% 3,223 $1,407,365,000 $436,663
    <2.5% 886 $343,170,000 $387,325
    4-5% 278 $124,200,000 $446,763
    5-6% 21 $12,165,000 $579,286
    6-7% 1 $815,000 $815,000

    During 2020, General Mortgage Capital Corporation's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 2.5-3%, with 4,015 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 3,629 $1,759,695,000 $484,898 $3,383 3.03%
    $200k-400k 3,400 $1,063,280,000 $312,729 $3,207 3.06%
    $600k-1MM 1,029 $727,905,000 $707,391 $4,261 3.19%
    $100k-200k 334 $56,480,000 $169,102 $3,098 3.13%
    $1MM+ 28 $34,400,000 $1,228,571 $6,135 3.89%
    $100,000 or less 4 $370,000 $92,500 $3,360 3.25%

    2020 saw General Mortgage Capital Corporation place emphasis on $400k-600k loans with 3,629 originations, totaling $1,759,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 2,958 $1,395,890,000 $471,903 $3,459 3.06%
    $100k-150k 2,134 $918,340,000 $430,337 $3,417 3.02%
    $250k+ 1,212 $607,670,000 $501,378 $3,523 3.19%
    $75k-100k 1,150 $428,590,000 $372,687 $3,293 3.03%
    $50k-75k 768 $238,450,000 $310,482 $3,271 3.06%
    $50k or less 180 $44,080,000 $244,889 $3,332 3.27%

    General Mortgage Capital Corporation lent most frequently to those with incomes in the $150k-250k range, with 2,958 originations. The second most popular income band? $100k-150k, with 2,134 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,864 $807,180,000 $433,036 $3,292 2.94%
    30-36% 1,598 $707,860,000 $442,966 $3,368 3.04%
    <20% 546 $224,260,000 $410,733 $3,279 2.93%
    49% 441 $182,415,000 $413,639 $3,643 3.23%
    42% 353 $155,785,000 $441,317 $3,436 3.14%
    41% 345 $147,855,000 $428,565 $3,424 3.10%
    44% 320 $137,880,000 $430,875 $3,439 3.24%
    39% 314 $144,480,000 $460,127 $3,597 3.07%
    48% 312 $125,490,000 $402,212 $3,442 3.11%
    43% 309 $134,475,000 $435,194 $3,546 3.20%
    47% 300 $127,380,000 $424,600 $3,787 3.19%
    36% 298 $129,910,000 $435,940 $3,504 3.06%
    38% 286 $122,710,000 $429,056 $3,516 3.13%
    46% 280 $118,720,000 $424,000 $3,339 3.18%
    37% 275 $119,775,000 $435,545 $3,396 3.11%
    45% 274 $116,020,000 $423,431 $3,401 3.17%
    40% 268 $121,840,000 $454,627 $3,553 3.14%
    50-60% 19 $8,895,000 $468,158 $3,394 3.00%
    >60% 4 $2,140,000 $535,000 $3,460 3.25%

    General Mortgage Capital Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,864 originations. The next most common DTI ratio? 30-36%, with 1,598 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 7,317 $3,150,205,000 $430,532 $3,384 3.07%
    White 828 $372,260,000 $449,589 $3,630 3.09%
    Not provided 235 $100,055,000 $425,766 $3,584 3.04%
    Black 21 $9,825,000 $467,857 $4,086 3.11%
    Native Hawaiian or Islander 6 $2,560,000 $426,667 $3,382 3.21%
    Asian Indian 4 $2,200,000 $550,000 $7,421 3.13%
    American Indian 4 $1,390,000 $347,500 $3,177 3.00%
    Other Asian 3 $1,125,000 $375,000 $3,622 2.71%
    Chinese 2 $920,000 $460,000 $3,080 2.56%
    Filipino 2 $740,000 $370,000 $2,876 2.88%
    Korean 1 $565,000 $565,000 $2,915 3.25%
    Not applicable 1 $285,000 $285,000 $2,933 2.50%

    Approval Rates

    Total approvals of all applications
    99.59%

    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
    89.64%

    General Mortgage Capital Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,424 $3,642,130,000 $432,352

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 8,424 $3,642,130,000 $432,352

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,933 $713,805,000 $369,273 $3,297 2.96%
    40-60% 3,763 $1,664,185,000 $442,250 $3,304 3.01%
    60-80% 2,388 $1,128,130,000 $472,416 $3,614 3.24%
    80-100% 138 $70,080,000 $507,826 $4,493 3.36%
    Under 20% 187 $59,965,000 $320,668 $3,636 2.95%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    General Mortgage Capital Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    General Mortgage Capital Corporation Conventional home mortgage Closing on a mortgage 1 50.0%