Neat Capital Inc Mortgage Rates, Fees & Info

Boulder, CO

LEI: 54930002XVMGQZN30M73

Tax ID: 47-3020226

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Neat Capital Inc is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Neat Capital Inc has a high proportion of conventional loans. Their top markets by origination volume include: Bridgeport, Denver, Washington, New Haven, and Hartford among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Neat Capital Inc 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. Neat Capital Inc 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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    Originations

    34

    Origination Dollar Volume (All Markets)

    $19,660,000

    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
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 19 $14,045,000 $739,211 $5,167 4.66%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,630,000 $407,500 $2,775 5.09%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $1,000,000 $500,000 $3,890 4.44%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $940,000 $470,000 $4,443 4.44%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $715,000 $238,333 $2,852 4.75%
    BOULDER, CO (FHA|USDA|VA) 2 $590,000 $295,000 $3,228 5.19%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $385,000 $385,000 $2,919 4.88%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $355,000 $355,000 $7,466 4.63%
    Neat Capital Inc's top markets include Bridgeport, Denver, Washington, New Haven, and Hartford among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Neat Capital Inc based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MUTUAL SECURITY CREDIT UNION
    Similarity Rank: 96
    Union Savings Bank
    Similarity Rank: 108
    SIKORSKY FINANCIAL
    Similarity Rank: 130
    The First National Bank of Long Island
    Similarity Rank: 236
    Ridgewood Savings Bank
    Similarity Rank: 297
    Liberty Bank
    Similarity Rank: 405
    Newtown Savings Bank
    Similarity Rank: 510
    Fairfield County Bank
    Similarity Rank: 550
    The Milford Bank
    Similarity Rank: 564
    Neat Capital Inc
    Similarity Rank: 776

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 32 $19,200,000 $600,000 $4,398 4.74%
    VA 2 $460,000 $230,000 $5,296 4.59%

    For 2018, Neat Capital Inc's most frequently originated type of loan was Conventional, with 32 originations. Their 2nd most popular type was VA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 23 $11,395,000 $495,435 $4,723 4.77%
    Cash Out Refi 8 $5,810,000 $726,250 $3,461 4.80%
    Refi 3 $2,455,000 $818,333 $5,007 4.21%

    For 2018, Neat Capital Inc's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 33 $19,135,000 $579,848 $4,464 4.75%
    15 Year 1 $525,000 $525,000 $4,028 4.13%

    For 2018, Neat Capital Inc's most frequently cited loan duration was 30 Year, with 33 originations. The 2nd most popular length was 15 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 31 $18,455,000 $595,323
    $1k-2k 1 $375,000 $375,000
    $2k-3k 1 $355,000 $355,000
    $3k-4k 1 $475,000 $475,000

    Neat Capital Inc's average total fees were $4,464, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 24 $15,950,000 $664,583
    5-6% 7 $2,015,000 $287,857
    3-4% 3 $1,695,000 $565,000

    During 2018, Neat Capital Inc's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 14 $4,530,000 $323,571 $3,689 4.88%
    $400k-600k 7 $3,505,000 $500,714 $4,157 4.59%
    $1MM+ 6 $9,040,000 $1,506,667 $6,444 4.54%
    $100k-200k 4 $520,000 $130,000 $4,250 5.11%
    $600k-1MM 3 $2,065,000 $688,333 $4,978 4.25%

    2018 saw Neat Capital Inc place emphasis on $200k-400k loans with 14 originations, totaling $4,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 13 $12,225,000 $940,385 $5,273 4.68%
    $100k-150k 7 $2,835,000 $405,000 $3,962 4.73%
    $150k-250k 7 $2,765,000 $395,000 $3,606 4.71%
    $50k-75k 3 $615,000 $205,000 $4,270 4.85%
    $75k-100k 3 $955,000 $318,333 $4,539 4.79%
    $50k or less 1 $265,000 $265,000 $3,376 4.88%

    Neat Capital Inc lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $100k-150k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 7 $4,915,000 $702,143 $4,553 4.64%
    30-36% 6 $4,260,000 $710,000 $4,832 4.79%
    39% 4 $1,880,000 $470,000 $5,250 4.48%
    37% 3 $2,365,000 $788,333 $3,398 4.58%
    50-60% 3 $1,095,000 $365,000 $3,082 5.04%
    49% 2 $620,000 $310,000 $5,421 4.75%
    44% 1 $345,000 $345,000 $3,942 4.75%
    46% 1 $225,000 $225,000 $2,452 5.13%
    47% 1 $375,000 $375,000 $2,830 5.38%
    41% 1 $375,000 $375,000 $5,674 5.38%
    36% 1 $245,000 $245,000 $3,185 4.75%
    38% 1 $475,000 $475,000 $5,601 4.00%
    <20% 1 $685,000 $685,000 $3,580 4.00%
    42% 1 $565,000 $565,000 $4,742 5.00%
    43% 1 $1,235,000 $1,235,000 $7,183 4.88%

    Neat Capital Inc lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? 30-36%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 28 $17,390,000 $621,071 $4,491 4.71%
    Not provided 3 $1,045,000 $348,333 $2,344 5.08%
    American Indian 1 $685,000 $685,000 $3,580 4.00%
    Asian 1 $355,000 $355,000 $7,466 4.63%
    Black 1 $185,000 $185,000 $7,520 4.92%

    Approval Rates

    Total approvals of all applications
    92.31%

    Neat Capital Inc has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.12%

    Neat Capital Inc has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 34 $19,660,000 $578,235

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 34 $19,660,000 $578,235

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $385,000 $385,000 $2,919 4.88%
    40-60% 2 $1,700,000 $850,000 $4,288 4.63%
    60-80% 15 $7,575,000 $505,000 $4,219 4.90%
    80-100% 16 $10,000,000 $625,000 $4,784 4.57%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Nudge Funding, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%