Constant Investments Mortgage Rates, Fees & Info
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Tax ID: 45-2448130
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Mortgage Data
Review & Overview
Constant Investments is a smaller mortgage company specializing in Home Purchase loans. Constant Investments has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Sacramento, Dallas, Houston, and Riverside among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Constant Investments 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. Constant Investments 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.53% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.60% | 12/16/24 |
| 30 Year FHA Purchase | 6.99% | 12/16/24 |
| 30 Year VA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.93% | 12/16/24 |
| 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. | ||
Constant Investments Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
184Origination Dollar Volume (All Markets)
$76,580,000Relative Rate
Constant Investments's average 30 year fixed mortgage rate was
6.95%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.47%.
Relative Fees (Closing Costs)
Constant Investments's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,434.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 37 | $22,565,000 | $609,865 | $11,221 | 6.90% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 41 | $17,395,000 | $424,268 | $8,693 | 6.79% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 52 | $16,500,000 | $317,308 | $8,964 | 7.06% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 19 | $5,475,000 | $288,158 | $8,255 | 7.12% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $3,585,000 | $512,143 | $11,161 | 6.84% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 6 | $2,380,000 | $396,667 | $8,754 | 6.92% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,300,000 | $650,000 | $13,930 | 6.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $9,728 | 6.69% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $9,262 | 6.63% |
| RENO, NV (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $21,201 | 7.38% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $7,525 | 6.50% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,529 | 7.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,540 | 6.56% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,875 | 8.63% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $13,771 | 6.00% |
| CHICO, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,632 | 7.38% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,766 | 6.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,517 | 7.38% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,827 | 6.50% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,804 | 6.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,792 | 6.50% |
| Outside of Metro Areas | 1 | $205,000 | $205,000 | $7,408 | 7.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Constant Investments based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 182 | $75,410,000 | $414,341 | $9,159 | 6.94% |
| FHA | 1 | $445,000 | $445,000 | $17,000 | 6.25% |
| VA | 1 | $725,000 | $725,000 | $33,047 | 6.00% |
For 2023, Constant Investments's most frequently originated type of loan was Conventional, with 182 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2023, Constant Investments's most frequently cited loan purpose was Home Purchase, with 179 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 177 | $74,395,000 | $420,311 | $9,434 | 6.95% |
| 15 Year | 7 | $2,185,000 | $312,143 | $6,779 | 6.43% |
For 2023, Constant Investments's most frequently cited loan duration was 30 Year, with 177 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
Constant Investments's average total fees were $9,434, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 82 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 90 | $37,100,000 | $412,222 |
| 7-8% | 53 | $25,255,000 | $476,509 |
| 5-6% | 22 | $7,410,000 | $336,818 |
| Over 8% | 18 | $6,570,000 | $365,000 |
| 4-5% | 1 | $245,000 | $245,000 |
During 2023, Constant Investments's average interest rate for loans was 6.95%, while their most frequently originated rate bucket for loans was 6-7%, with 90 originations.
Loan Sizing
2023 saw Constant Investments place emphasis on $200k-400k loans with 96 originations, totaling $27,330,000 in origination value.
Applicant Income
Constant Investments lent most frequently to those with incomes in the $150k-250k range, with 45 originations. The second most popular income band? $100k-150k, with 40 originations.
Applicant Debt to Income Ratio
Constant Investments lent most frequently to those with DTI ratios of 30-36%, with 31 originations. The next most common DTI ratio? 49%, with 18 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.17%
Constant Investments has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.33%
Constant Investments has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 184 | $76,580,000 | $416,196 |