Constant Investments Mortgage Rates, Fees & Info

CYPRESS, CA

LEI: 254900VX7NAZSPBPUE16

Tax ID: 45-2448130

3.2 stars - Updated: 6/9/24 - out of 5 stars, based on 14 reviews

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

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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.

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 6.53% 6/9/24
30 Year Conventional Refi 6.27% 6/9/24
30 Year Cash-out Refi 6.60% 6/9/24
30 Year FHA Purchase 6.99% 6/9/24
30 Year VA Purchase 6.27% 6/9/24
15 Year Conventional Purchase 5.93% 6/9/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Constant Investments. 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

184

Origination Dollar Volume (All Markets)

$76,580,000

Relative 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%
Constant Investments's top markets include Los Angeles, Sacramento, Dallas, Houston, and Riverside among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • 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.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 126
    AMOCO
    Similarity Rank: 258
    LBS FINANCIAL
    Similarity Rank: 258
    CLARK COUNTY CREDIT UNION
    Similarity Rank: 330
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351
    GIBRALTAR MORTGAGE SERVICES, LLC
    Similarity Rank: 360

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 179 $74,665,000 $417,123 $9,285 6.92%
    Refi 3 $975,000 $325,000 $10,118 8.00%
    Cash Out Refi 2 $940,000 $470,000 $12,374 6.63%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 82 $39,200,000 $478,049
    $1k-2k 51 $21,325,000 $418,137
    $4k-5k 23 $6,835,000 $297,174
    $2k-3k 15 $5,455,000 $363,667
    $3k-4k 13 $3,765,000 $289,615

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 96 $27,330,000 $284,688 $8,150 7.02%
    $400k-600k 45 $22,075,000 $490,556 $9,418 6.75%
    $600k-1MM 28 $20,120,000 $718,571 $12,721 6.95%
    $100k-200k 11 $1,765,000 $160,455 $4,997 6.56%
    $1MM+ 4 $5,290,000 $1,322,500 $24,994 7.75%

    2023 saw Constant Investments place emphasis on $200k-400k loans with 96 originations, totaling $27,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 45 $21,355,000 $474,556 $9,937 6.81%
    $100k-150k 40 $16,790,000 $419,750 $8,919 6.79%
    $75k-100k 32 $9,380,000 $293,125 $8,284 6.88%
    $250k+ 31 $19,555,000 $630,806 $12,660 7.27%
    $50k-75k 22 $5,650,000 $256,818 $6,714 6.56%
    $50k or less 14 $3,850,000 $275,000 $7,952 7.64%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 31 $12,115,000 $390,806 $9,353 7.06%
    49% 18 $7,780,000 $432,222 $8,787 6.72%
    40% 14 $5,400,000 $385,714 $8,655 6.80%
    42% 14 $5,470,000 $390,714 $9,021 7.08%
    20-30% 13 $6,305,000 $485,000 $9,197 6.85%
    48% 10 $3,800,000 $380,000 $10,811 6.41%
    46% 10 $4,600,000 $460,000 $8,072 6.76%
    47% 10 $3,740,000 $374,000 $8,963 6.84%
    43% 8 $3,160,000 $395,000 $9,157 6.47%
    36% 8 $3,420,000 $427,500 $9,715 6.84%
    50-60% 7 $2,565,000 $366,429 $11,064 8.07%
    41% 7 $2,965,000 $423,571 $10,576 6.93%
    38% 6 $2,620,000 $436,667 $7,886 7.44%
    44% 6 $2,770,000 $461,667 $8,155 6.92%
    45% 6 $3,220,000 $536,667 $8,695 7.02%
    39% 6 $2,280,000 $380,000 $11,772 7.19%
    <20% 4 $1,570,000 $392,500 $9,829 6.16%
    37% 3 $1,895,000 $631,667 $11,252 6.50%
    >60% 3 $905,000 $301,667 $9,191 8.21%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 165 $69,065,000 $418,576 $9,311 6.90%
    White 14 $5,700,000 $407,143 $9,141 7.02%
    Not provided 3 $1,155,000 $385,000 $12,052 8.46%
    Black 2 $660,000 $330,000 $9,717 6.25%

    Approval Rates

    Total approvals of all applications
    98.17%

    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 origination
    85.33%

    Constant Investments has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 184 $76,580,000 $416,196

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    184 $76,580,000 $416,196

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $5,195,000 $399,615 $10,377 7.07%
    40-60% 21 $7,675,000 $365,476 $8,009 6.64%
    60-80% 98 $41,110,000 $419,490 $9,246 7.16%
    80-100% 49 $21,585,000 $440,510 $9,546 6.59%
    Over 100% 1 $725,000 $725,000 $33,047 6.00%
    Under 20% 2 $290,000 $145,000 $3,568 6.63%