Infinity Equity Group Mortgage Rates, Fees & Info

SACRAMENTO, CA

LEI: 5493000XC2Y1SLXRQP11

Tax ID: 72-1591908

4.9 stars - out of 5 stars, based on 27 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Infinity Equity Group is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Infinity Equity Group has a high proportion of conventional loans. Their top markets include Redding, Reno, Santa Rosa, Red Bluff, and Phoenix among others. Infinity Equity Group has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Infinity Equity Group is typically an average fee lendor.


Originations

749

Origination Dollar Volume (All Markets)

$230,505,000

Awards

INFINITY EQUITY GROUP  30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

Infinity Equity Group 's average 30 year fixed rate mortgage of loans were 3.21%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.06%.

Relative Fees

Infinity Equity Group 's average total fees for a 30 year fixed rate mortgage are $4,721.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
REDDING, CA (FHA|USDA|VA) 401 $110,055,000 $274,451 $4,602 3.19%
RENO, NV (FHA|USDA|VA) 119 $41,935,000 $352,395 $4,880 3.12%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 26 $11,430,000 $439,615 $4,958 2.96%
Red Bluff, CA (FHA|USDA|VA) 42 $10,630,000 $253,095 $4,841 3.21%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 23 $7,885,000 $342,826 $4,601 3.20%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 22 $7,830,000 $355,909 $4,319 3.08%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 15 $7,235,000 $482,333 $3,972 2.93%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 14 $7,090,000 $506,429 $5,014 3.10%
Outside of Metro Areas 18 $4,950,000 $275,000 $4,154 3.14%
CHICO, CA (FHA|USDA|VA) 9 $2,745,000 $305,000 $6,099 3.01%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $1,860,000 $465,000 $7,200 3.06%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 5 $1,485,000 $297,000 $5,334 3.60%
CARSON CITY, NV (FHA|USDA|VA) 5 $1,405,000 $281,000 $3,931 3.02%
STOCKTON, CA (FHA|USDA|VA) 2 $1,020,000 $510,000 $3,763 3.31%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $985,000 $328,333 $4,256 2.92%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $960,000 $480,000 $3,499 3.19%
Gardnerville Ranchos, NV (FHA|USDA|VA) 3 $925,000 $308,333 $4,871 3.42%
NAPA, CA (FHA|USDA|VA) 2 $910,000 $455,000 $3,966 3.56%
Elko, NV (FHA|USDA|VA) 2 $890,000 $445,000 $4,512 3.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $835,000 $278,333 $3,157 2.87%
Fernley, NV (FHA|USDA|VA) 3 $815,000 $271,667 $4,896 3.08%
Clearlake, CA (FHA|USDA|VA) 3 $795,000 $265,000 $3,569 3.04%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $610,000 $305,000 $3,756 3.25%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $570,000 $285,000 $3,082 2.87%
Outside of Metro Areas 2 $560,000 $280,000 $4,247 3.06%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $490,000 $245,000 $5,114 2.69%
VALLEJO, CA (FHA|USDA|VA) 1 $465,000 $465,000 $3,557 3.38%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $335,000 $335,000 $4,755 3.49%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $315,000 $315,000 $6,016 3.38%
Susanville, CA (FHA|USDA|VA) 1 $285,000 $285,000 $3,501 2.50%
Fallon, NV (FHA|USDA|VA) 1 $285,000 $285,000 $3,187 2.75%
Winnemucca, NV (FHA|USDA|VA) 1 $275,000 $275,000 $4,016 3.25%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $255,000 $255,000 $6,233 3.25%
Granbury, TX (FHA|USDA|VA) 1 $235,000 $235,000 $5,314 2.88%
YUMA, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $3,690 3.63%
Klamath Falls, OR (FHA|USDA|VA) 1 $195,000 $195,000 $4,320 3.00%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $185,000 $185,000 $4,733 3.25%
Ukiah, CA (FHA|USDA|VA) 1 $155,000 $155,000 $6,204 2.88%
Show Low, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $4,504 3.00%
MERCED, CA (FHA|USDA|VA) 1 $135,000 $135,000 $3,304 3.25%
TUCSON, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $3,408 3.25%

Infinity Equity Group 's top markets include Redding, Reno, Santa Rosa, Red Bluff, and Phoenix among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 742 $227,760,000 $306,954 $4,644 3.16%
VA 7 $2,745,000 $392,143 $5,804 2.80%

For the 2021 period, Infinity Equity Group 's most frequently originated loan type of loans were Conventional, with 742 originations. Their 2nd most popular type is VA, with 7 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 301 $87,735,000 $291,478 $4,442 3.05%
Home Purchase 229 $75,915,000 $331,507 $5,106 3.26%
Cash Out Refi 194 $59,480,000 $306,598 $4,435 3.17%
Home Improvement 25 $7,375,000 $295,000 $4,806 3.23%

For the 2021, Infinity Equity Group 's most frequently cited loan purpose of loans were Refi, with 301 originations. The 2nd most popular reason of loans were Home Purchase, with 229 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 684 $214,090,000 $312,997 $4,721 3.21%
15 Year 49 $12,575,000 $256,633 $4,008 2.52%
20 Year 11 $2,895,000 $263,182 $4,120 2.94%
10 Year 4 $710,000 $177,500 $3,168 2.31%
Other 1 $235,000 $235,000 $3,026 3.25%

For the 2021, Infinity Equity Group 's most frequently cited loan length of loans were 30 Year, with 684 originations. The 2nd most popular length of loans were 15 Year, with 49 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 411 $135,845,000 $330,523
$2k-3k 194 $49,370,000 $254,485
$3k-4k 73 $19,695,000 $269,795
$5k+ 63 $22,555,000 $358,016
$<1k 7 $2,795,000 $399,286

$4,721 of loans were Infinity Equity Group 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 411 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 427 $130,405,000 $305,398
2.5-3% 271 $87,085,000 $321,347
<2.5% 41 $10,725,000 $261,585
4-5% 9 $2,145,000 $238,333

During 2021, Infinity Equity Group 's average interest rate of loans were 3.21%, while their most frequently originated rate bucket of loans were 3-4%, with 427 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 406 $115,820,000 $285,271 $4,586 3.15%
$400k-600k 163 $78,725,000 $482,975 $5,128 3.13%
$100k-200k 155 $24,795,000 $159,968 $4,232 3.17%
$600k-1MM 13 $9,165,000 $705,000 $6,342 3.13%
$100,000 or less 11 $985,000 $89,545 $4,004 3.19%
$1MM+ 1 $1,015,000 $1,015,000 $5,551 3.25%

2021 saw Infinity Equity Group place emphasis on $200k-400k loans with 406 originations, totaling $115,820,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 197 $68,395,000 $347,183 $4,612 3.10%
$50k-75k 179 $44,935,000 $251,034 $4,803 3.16%
$75k-100k 128 $37,830,000 $295,547 $4,630 3.23%
$150k-250k 111 $42,775,000 $385,360 $4,721 3.13%
$50k or less 84 $15,270,000 $181,786 $4,308 3.16%
$250k+ 50 $21,300,000 $426,000 $4,782 3.16%

Infinity Equity Group lent most frequently to those with incomes in the $100k-150k range, with 197 originations. The second most popular income band? $50k-75k, with 179 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 186 $54,320,000 $292,043 $4,314 3.10%
30-36% 144 $43,810,000 $304,236 $4,764 3.18%
<20% 68 $19,210,000 $282,500 $4,351 3.05%
44% 38 $11,370,000 $299,211 $4,554 3.36%
43% 34 $11,000,000 $323,529 $4,999 3.23%
41% 30 $9,680,000 $322,667 $4,737 3.16%
36% 28 $9,900,000 $353,571 $4,561 3.24%
39% 25 $7,935,000 $317,400 $4,460 3.24%
48% 25 $8,735,000 $349,400 $5,058 3.11%
40% 25 $7,555,000 $302,200 $4,947 3.14%
45% 24 $7,360,000 $306,667 $5,161 3.26%
37% 23 $7,695,000 $334,565 $5,290 3.22%
42% 22 $6,520,000 $296,364 $4,608 3.12%
46% 21 $7,245,000 $345,000 $4,220 3.11%
38% 21 $6,625,000 $315,476 $6,090 3.17%
47% 20 $6,330,000 $316,500 $4,136 3.12%
49% 11 $3,495,000 $317,727 $5,041 3.11%
50-60% 3 $1,215,000 $405,000 $6,640 3.21%
>60% 1 $505,000 $505,000 $5,978 2.25%

Infinity Equity Group lent most frequently to those with DTI ratios of 20-30%, with 186 originations. The next most common DTI ratio? 30-36%, with 144 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 585 $176,005,000 $300,863 $4,710 3.15%
Not provided 124 $40,460,000 $326,290 $4,349 3.16%
Asian 19 $7,155,000 $376,579 $5,150 3.22%
Not applicable 8 $2,520,000 $315,000 $4,491 3.45%
Black 6 $2,150,000 $358,333 $4,538 3.10%
American Indian 4 $970,000 $242,500 $4,323 3.34%
Other Asian 1 $525,000 $525,000 $4,477 3.13%
Asian Indian 1 $405,000 $405,000 $5,316 2.99%
Native Hawaiian 1 $315,000 $315,000 $2,957 3.25%

Approval Rates

Total approvals of all applications
98.60%

Infinity Equity Group 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
87.84%

Infinity Equity Group has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 749 $230,505,000 $307,750

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
749 $230,505,000 $307,750

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 57 $11,735,000 $205,877 $4,176 2.94%
40-60% 176 $49,110,000 $279,034 $4,287 3.02%
60-80% 341 $111,165,000 $325,997 $4,650 3.21%
80-100% 171 $57,275,000 $334,942 $5,165 3.26%
Over 100% 2 $750,000 $375,000 $8,748 2.88%
Under 20% 2 $470,000 $235,000 $3,889 3.25%