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 small mortgage company specializing in Home Purchase and Refi 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 Austin among others. We have data for 91 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 an average 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,264Origination Dollar Volume (All Markets)
$1,251,370,000Awards
General Mortgage Capital Corporation - 2022
General Mortgage Capital Corporation is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 525 | $373,765,000 | $711,933 | $5,926 | 4.10% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 359 | $219,095,000 | $610,292 | $6,234 | 4.24% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 195 | $180,975,000 | $928,077 | $4,942 | 3.64% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 179 | $82,525,000 | $461,034 | $5,428 | 4.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 167 | $66,225,000 | $396,557 | $6,028 | 4.06% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 73 | $54,005,000 | $739,795 | $7,251 | 4.18% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 130 | $45,580,000 | $350,615 | $5,791 | 4.62% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 100 | $44,240,000 | $442,400 | $5,504 | 4.48% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 92 | $27,680,000 | $300,870 | $5,843 | 4.75% |
| STOCKTON, CA (FHA|USDA|VA) | 39 | $19,075,000 | $489,103 | $5,030 | 4.62% |
| LUBBOCK, TX (FHA|USDA|VA) | 89 | $17,625,000 | $198,034 | $5,790 | 5.03% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 21 | $9,045,000 | $430,714 | $6,465 | 5.31% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 10 | $7,210,000 | $721,000 | $5,659 | 3.99% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 30 | $7,200,000 | $240,000 | $5,062 | 4.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 19 | $6,365,000 | $335,000 | $7,404 | 6.40% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 7 | $5,585,000 | $797,857 | $5,739 | 3.80% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 16 | $5,550,000 | $346,875 | $5,274 | 6.51% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $5,280,000 | $440,000 | $9,674 | 5.98% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 7 | $4,425,000 | $632,143 | $5,216 | 4.20% |
| SALINAS, CA (FHA|USDA|VA) | 9 | $4,065,000 | $451,667 | $4,813 | 3.63% |
| VALLEJO, CA (FHA|USDA|VA) | 9 | $3,965,000 | $440,556 | $4,615 | 4.36% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $3,300,000 | $550,000 | $5,781 | 5.94% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $3,240,000 | $810,000 | $5,802 | 4.53% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 6 | $3,210,000 | $535,000 | $7,926 | 5.21% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $2,860,000 | $357,500 | $4,866 | 4.67% |
| MODESTO, CA (FHA|USDA|VA) | 8 | $2,790,000 | $348,750 | $4,914 | 3.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $2,365,000 | $337,857 | $5,805 | 5.43% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 5 | $2,075,000 | $415,000 | $22,157 | 6.80% |
| MERCED, CA (FHA|USDA|VA) | 8 | $2,040,000 | $255,000 | $3,583 | 4.31% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,915,000 | $638,333 | $5,863 | 4.83% |
| ODESSA, TX (FHA|USDA|VA) | 8 | $1,890,000 | $236,250 | $8,964 | 5.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $4,687 | 5.19% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $1,560,000 | $390,000 | $4,666 | 5.84% |
| WICHITA, KS (FHA|USDA|VA) | 8 | $1,490,000 | $186,250 | $4,712 | 6.06% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,455,000 | $485,000 | $6,322 | 5.83% |
| Outside of Metro Areas | 4 | $1,450,000 | $362,500 | $5,633 | 5.16% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $4,682 | 5.78% |
| MADERA, CA (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $5,242 | 4.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $8,663 | 6.18% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $4,192 | 6.04% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $4,277 | 5.06% |
| Durant, OK (FHA|USDA|VA) | 6 | $1,030,000 | $171,667 | $4,949 | 6.56% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $6,705 | 5.19% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $4,230 | 4.44% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $3,925 | 6.21% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $8,352 | 6.25% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $4,456 | 5.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $9,585 | 6.63% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $7,209 | 5.04% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $4,421 | 5.46% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $4,007 | 5.31% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $14,046 | 6.13% |
| Hilo, HI (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $4,103 | 5.62% |
| LAREDO, TX (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $5,078 | 3.88% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $13,125 | 5.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $7,030 | 5.88% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $4,894 | 5.50% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,472 | 3.94% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,959 | 6.50% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,361 | 5.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,501 | 2.75% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,934 | 7.37% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,331 | 4.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,669 | 7.63% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 6.50% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,284 | 5.13% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,637 | 2.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,485 | 5.38% |
| CHICO, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,572 | 3.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,703 | 7.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 3.88% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,326 | 6.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,476 | 6.88% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 4.13% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,032 | 5.38% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,921 | 4.25% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,046 | 6.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,086 | 6.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,472 | 5.12% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,248 | 6.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.99% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,465 | 4.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,190 | 5.88% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,889 | 6.25% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.00% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,488 | 7.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,155 | 6.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,707 | 5.88% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,941 | 8.88% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,253 | 3.75% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,264 | $1,251,370,000 | $552,725 | $5,850 | 4.39% |
For 2022, General Mortgage Capital Corporation's most frequently originated type of loan was Conventional, with 2,264 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,445 | $778,305,000 | $538,619 | $6,664 | 4.74% |
| Refi | 819 | $473,065,000 | $577,613 | $4,380 | 3.78% |
For 2022, General Mortgage Capital Corporation's most frequently cited loan purpose was Home Purchase, with 1,445 originations. The 2nd most popular reason was Refi, with 819 originations.
Loan Duration/Length
For 2022, General Mortgage Capital Corporation's most frequently cited loan duration was 30 Year, with 2,097 originations. The 2nd most popular length was 15 Year, with 139 originations.
Origination Fees/Closing Costs
General Mortgage Capital Corporation's average total fees were $5,959, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,585 originations.
Interest Rates
During 2022, General Mortgage Capital Corporation's average interest rate for loans was 4.45%, while their most frequently originated rate bucket for loans was 3-4%, with 730 originations.
Loan Sizing
2022 saw General Mortgage Capital Corporation place emphasis on $200k-400k loans with 730 originations, totaling $217,520,000 in origination value.
Applicant Income
General Mortgage Capital Corporation lent most frequently to those with incomes in the $150k-250k range, with 679 originations. The second most popular income band? $250k+, with 520 originations.
Applicant Debt to Income Ratio
General Mortgage Capital Corporation lent most frequently to those with DTI ratios of 30-36%, with 304 originations. The next most common DTI ratio? 20-30%, with 247 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.60%
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 origination82.55%
General Mortgage Capital Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,264 | $1,251,370,000 | $552,725 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,264 | $1,251,370,000 | $552,725 |