Constant Investments Mortgage Rates, Fees & Info
CYPRESS, CALEI: 254900VX7NAZSPBPUE16
Tax ID: 45-2448130
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Mortgage Data
Review & Overview
Constant Investments is a smaller mortgage company specializing in Refi, Home Purchase, and Home Improvement 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, Las Vegas, and Dallas among others. We have data for 31 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.53% | 4/18/24 |
| 30 Year Conventional Refi | 6.27% | 4/18/24 |
| 30 Year Cash-out Refi | 6.60% | 4/18/24 |
| 30 Year FHA Purchase | 6.99% | 4/18/24 |
| 30 Year VA Purchase | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 5.93% | 4/18/24 |
| 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
937Origination Dollar Volume (All Markets)
$368,925,000Awards
Constant Investments - 2020
Constant Investments is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 596 | $258,490,000 | $433,708 | $4,734 | 2.97% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 159 | $50,095,000 | $315,063 | $3,915 | 3.01% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 64 | $21,640,000 | $338,125 | $4,067 | 2.99% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 22 | $6,190,000 | $281,364 | $3,747 | 2.98% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 22 | $5,450,000 | $247,727 | $4,679 | 3.12% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 9 | $4,625,000 | $513,889 | $6,388 | 3.03% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 9 | $3,845,000 | $427,222 | $5,048 | 2.96% |
| STOCKTON, CA (FHA|USDA|VA) | 12 | $3,670,000 | $305,833 | $4,117 | 3.09% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 5 | $2,145,000 | $429,000 | $4,427 | 2.85% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $3,453 | 2.81% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $1,440,000 | $360,000 | $3,453 | 3.38% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $5,367 | 2.79% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $4,313 | 3.04% |
| RENO, NV (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $3,379 | 2.92% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $3,637 | 2.88% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $5,632 | 2.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,181 | 2.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $6,712 | 3.25% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,884 | 3.75% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,762 | 3.63% |
| Outside of Metro Areas | 1 | $405,000 | $405,000 | $4,951 | 3.13% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,429 | 3.63% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,472 | 3.38% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,171 | 2.38% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,254 | 3.50% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,837 | 2.75% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,927 | 2.75% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,112 | 3.38% |
| MERCED, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,113 | 3.38% |
| TYLER, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,288 | 2.63% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,191 | 2.50% |
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 | 932 | $366,780,000 | $393,541 | $4,465 | 2.99% |
| FHA | 4 | $1,900,000 | $475,000 | $14,394 | 3.75% |
| VA | 1 | $245,000 | $245,000 | $3,032 | 2.38% |
For 2020, Constant Investments's most frequently originated type of loan was Conventional, with 932 originations. Their 2nd most popular type was FHA, with 4 originations.
Loan Reason
For 2020, Constant Investments's most frequently cited loan purpose was Refi, with 503 originations. The 2nd most popular reason was Home Purchase, with 222 originations.
Loan Duration/Length
For 2020, Constant Investments's most frequently cited loan duration was 30 Year, with 758 originations. The 2nd most popular length was 15 Year, with 136 originations.
Origination Fees/Closing Costs
Constant Investments's average total fees were $4,694, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 775 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 512 | $204,900,000 | $400,195 |
| 3-4% | 312 | $126,760,000 | $406,282 |
| <2.5% | 102 | $32,110,000 | $314,804 |
| 4-5% | 10 | $4,670,000 | $467,000 |
| 5-6% | 1 | $485,000 | $485,000 |
During 2020, Constant Investments's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 512 originations.
Loan Sizing
2020 saw Constant Investments place emphasis on $200k-400k loans with 450 originations, totaling $138,810,000 in origination value.
Applicant Income
Constant Investments lent most frequently to those with incomes in the $100k-150k range, with 330 originations. The second most popular income band? $75k-100k, with 199 originations.
Applicant Debt to Income Ratio
Constant Investments lent most frequently to those with DTI ratios of 20-30%, with 176 originations. The next most common DTI ratio? 30-36%, with 167 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.29%
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 origination96.26%
Constant Investments has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 937 | $368,925,000 | $393,730 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 937 | $368,925,000 | $393,730 |