Constant Investments Mortgage Rates, Fees & Info

CYPRESS, CA

LEI: 254900VX7NAZSPBPUE16

Tax ID: 45-2448130

4.9 stars - out of 5 stars, based on 28 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Constant Investments is a smaller mortgage company specializing in 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, Riverside, Dallas, and Las Vegas among others. We have data for 38 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 an above average pick rate when compared to similar lenders. Constant Investments 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.39% 10/3/22
    30 Year Conventional Refi 6.43% 10/3/22
    30 Year FHA Purchase 7.21% 10/3/22
    30 Year VA Purchase 5.84% 10/3/22
    15 Year Conventional Purchase 6.11% 10/3/22
    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.


    Originations

    775

    Origination Dollar Volume (All Markets)

    $305,055,000

    Awards

    Constant Investments  30 Year Conventional Loans silver
    Show all (1) awards

    Relative Rate

    Constant Investments 's average 30 year fixed mortgage rate was 3%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.15%.

    Relative Fees (Closing Costs)

    Constant Investments 's average total fees/closing costs for a 30 year fixed rate mortgage were $5,274.

    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 $4,750.

    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) 348 $163,510,000 $469,856 $5,247 2.83%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 167 $58,075,000 $347,754 $4,308 3.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 48 $18,870,000 $393,125 $5,718 2.89%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 54 $14,940,000 $276,667 $5,570 2.96%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 42 $12,240,000 $291,429 $4,721 3.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $4,010,000 $401,000 $6,979 2.67%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 8 $3,880,000 $485,000 $7,596 3.17%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 15 $3,675,000 $245,000 $3,980 2.74%
    STOCKTON, CA (FHA|USDA|VA) 11 $3,595,000 $326,818 $4,105 3.17%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 13 $3,235,000 $248,846 $5,411 3.42%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $2,360,000 $393,333 $3,623 2.71%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 5 $2,015,000 $403,000 $4,593 2.83%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $1,825,000 $365,000 $5,517 2.92%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $1,530,000 $382,500 $7,657 2.88%
    BAKERSFIELD, CA (FHA|USDA|VA) 5 $1,505,000 $301,000 $4,714 2.75%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,220,000 $305,000 $5,858 3.06%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $1,045,000 $348,333 $3,918 2.92%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $720,000 $360,000 $4,825 2.75%
    VALLEJO, CA (FHA|USDA|VA) 2 $660,000 $330,000 $4,817 2.81%
    MODESTO, CA (FHA|USDA|VA) 2 $620,000 $310,000 $4,406 3.19%
    NAPA, CA (FHA|USDA|VA) 1 $535,000 $535,000 $4,038 2.63%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $515,000 $515,000 $3,727 2.88%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $485,000 $485,000 $5,356 3.50%
    VISALIA, CA (FHA|USDA|VA) 1 $425,000 $425,000 $5,035 2.88%
    REDDING, CA (FHA|USDA|VA) 1 $355,000 $355,000 $4,281 3.25%
    MERCED, CA (FHA|USDA|VA) 2 $320,000 $160,000 $4,420 2.94%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $320,000 $160,000 $4,655 2.75%
    CHICO, CA (FHA|USDA|VA) 2 $300,000 $150,000 $3,865 3.19%
    MADERA, CA (FHA|USDA|VA) 1 $285,000 $285,000 $6,321 3.25%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $275,000 $275,000 $4,410 3.50%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $275,000 $275,000 $2,986 2.13%
    Clearlake, CA (FHA|USDA|VA) 1 $255,000 $255,000 $4,280 3.13%
    TYLER, TX (FHA|USDA|VA) 1 $245,000 $245,000 $4,855 2.38%
    Sonora, CA (FHA|USDA|VA) 1 $245,000 $245,000 $2,964 2.50%
    RICHMOND, VA (FHA|USDA|VA) 1 $205,000 $205,000 $3,328 3.00%
    Pahrump, NV (FHA|USDA|VA) 1 $195,000 $195,000 $5,349 3.25%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $165,000 $165,000 $3,242 3.00%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,107 2.75%

    Constant Investments 's top markets include Los Angeles, Sacramento, Riverside, Dallas, and Las Vegas among others.

    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.

    Christian Community Credit Union
    Similarity Rank: 354
    AMOCO
    Similarity Rank: 405
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    ALOHA PACIFIC
    Similarity Rank: 670
    Chaffey Federal Credit Union
    Similarity Rank: 966
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 1134
    AAXY L.L.C.
    Similarity Rank: 1188
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 1320
    LA Financial Federal Credit Union
    Similarity Rank: 1374

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 771 $303,395,000 $393,508 $5,009 2.91%
    FHA 3 $1,225,000 $408,333 $12,281 2.88%
    VA 1 $435,000 $435,000 $5,910 2.63%

    For 2021, Constant Investments 's most frequently originated type of loan was Conventional, with 771 originations. Their 2nd most popular type was FHA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 766 $301,630,000 $393,773 $5,036 2.91%
    Home Improvement 5 $1,465,000 $293,000 $4,936 2.90%
    Refi 4 $1,960,000 $490,000 $5,520 3.13%

    For 2021, Constant Investments 's most frequently cited loan purpose was Home Purchase, with 766 originations. The 2nd most popular reason was Home Improvement, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 630 $261,790,000 $415,540 $5,274 3.00%
    15 Year 101 $29,875,000 $295,792 $4,132 2.39%
    20 Year 33 $10,055,000 $304,697 $3,647 2.86%
    10 Year 6 $1,660,000 $276,667 $3,638 2.27%
    Other 3 $1,045,000 $348,333 $3,571 3.04%
    3 Year 2 $630,000 $315,000 $5,237 3.06%

    For 2021, Constant Investments 's most frequently cited loan duration was 30 Year, with 630 originations. The 2nd most popular length was 15 Year, with 101 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 581 $229,235,000 $394,552
    $5k+ 56 $27,150,000 $484,821
    $3k-4k 49 $15,855,000 $323,571
    $4k-5k 47 $20,185,000 $429,468
    $2k-3k 36 $10,820,000 $300,556
    $<1k 5 $1,555,000 $311,000

    Constant Investments 's average total fees were $5,274, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 581 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 400 $163,190,000 $407,975
    3-4% 237 $94,545,000 $398,924
    <2.5% 129 $44,345,000 $343,760
    4-5% 9 $2,975,000 $330,556

    During 2021, Constant Investments 's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 400 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 335 $99,595,000 $297,299 $4,588 2.89%
    $400k-600k 290 $142,580,000 $491,655 $5,379 2.88%
    $100k-200k 81 $13,275,000 $163,889 $3,896 2.94%
    $600k-1MM 69 $49,605,000 $718,913 $7,125 3.11%

    2021 saw Constant Investments place emphasis on $200k-400k loans with 335 originations, totaling $99,595,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 218 $99,150,000 $454,817 $5,319 2.90%
    $75k-100k 194 $72,890,000 $375,722 $5,088 2.89%
    $50k-75k 139 $38,725,000 $278,597 $4,304 2.90%
    $150k-250k 125 $61,495,000 $491,960 $5,576 2.90%
    $50k or less 50 $10,430,000 $208,600 $4,050 3.05%
    $250k+ 49 $22,365,000 $456,429 $5,321 2.95%

    Constant Investments lent most frequently to those with incomes in the $100k-150k range, with 218 originations. The second most popular income band? $75k-100k, with 194 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 101 $39,025,000 $386,386 $4,709 2.90%
    20-30% 100 $38,540,000 $385,400 $4,769 2.81%
    49% 57 $21,715,000 $380,965 $5,219 2.93%
    43% 51 $19,905,000 $390,294 $5,392 2.93%
    42% 50 $18,130,000 $362,600 $5,121 2.93%
    48% 48 $19,340,000 $402,917 $4,794 2.81%
    46% 43 $18,245,000 $424,302 $5,174 2.96%
    45% 42 $17,300,000 $411,905 $5,033 2.97%
    41% 41 $16,995,000 $414,512 $6,339 2.94%
    44% 35 $14,625,000 $417,857 $5,255 2.94%
    47% 33 $13,125,000 $397,727 $5,149 3.01%
    36% 32 $13,040,000 $407,500 $4,298 2.86%
    38% 32 $11,560,000 $361,250 $4,484 2.90%
    39% 31 $12,655,000 $408,226 $5,405 2.86%
    37% 30 $12,430,000 $414,333 $5,524 3.01%
    40% 30 $11,360,000 $378,667 $4,901 3.02%
    <20% 15 $5,015,000 $334,333 $4,135 2.86%
    50-60% 4 $2,050,000 $512,500 $5,544 2.88%

    Constant Investments lent most frequently to those with DTI ratios of 30-36%, with 101 originations. The next most common DTI ratio? 20-30%, with 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 647 $255,175,000 $394,397 $5,081 2.88%
    White 111 $43,645,000 $393,198 $4,864 3.06%
    Black 9 $3,335,000 $370,556 $4,321 3.03%
    Not provided 4 $1,680,000 $420,000 $4,937 2.75%
    American Indian 2 $820,000 $410,000 $5,772 2.94%
    Native Hawaiian or Islander 2 $400,000 $200,000 $3,310 3.06%

    Approval Rates

    Total approvals of all applications
    99.54%

    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 origination
    91.74%

    Constant Investments has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 775 $305,055,000 $393,619

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    775 $305,055,000 $393,619

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 81 $21,165,000 $261,296 $4,380 2.66%
    40-60% 207 $77,115,000 $372,536 $4,503 2.76%
    60-80% 341 $142,215,000 $417,053 $5,172 3.00%
    80-100% 143 $63,985,000 $447,448 $5,883 3.05%
    Under 20% 3 $575,000 $191,667 $4,285 2.88%