Best Finance Capital Mortgage Rates, Fees & Info
GARDEN GROVE, CALEI: 5493002UTIS7AQUDFF80
Tax ID: 46-3284608
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Best Finance Capital is a smaller mortgage company specializing in Refi and Home Purchase loans. Best Finance Capital has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Los Angeles, Riverside, Las Vegas, Seattle, and San Francisco among others. Best Finance Capital 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. Best Finance Capital is typically a high fee lendor.Originations
443Origination Dollar Volume (All Markets)
$168,975,000Relative Rate
Best Finance Capital 's average 30 year fixed rate mortgage of loans were
3.17%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.02%.
Relative Fees
Best Finance Capital 's average total fees for a 30 year fixed rate
mortgage are $7,559.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 180 | $75,170,000 | $417,611 | $5,813 | 2.98% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 74 | $24,400,000 | $329,730 | $7,592 | 3.08% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 45 | $13,475,000 | $299,444 | $6,386 | 3.31% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 25 | $10,755,000 | $430,200 | $10,647 | 3.01% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 9 | $4,485,000 | $498,333 | $9,922 | 2.97% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 14 | $4,110,000 | $293,571 | $7,595 | 3.21% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $3,760,000 | $1,880,000 | $17,019 | 3.56% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 9 | $3,405,000 | $378,333 | $5,690 | 3.08% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 7 | $3,195,000 | $456,429 | $13,059 | 3.30% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $2,545,000 | $363,571 | $5,807 | 3.21% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 7 | $1,975,000 | $282,143 | $3,981 | 2.68% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $1,750,000 | $437,500 | $5,925 | 3.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 4 | $1,720,000 | $430,000 | $9,381 | 3.19% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $4,278 | 3.25% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $9,940 | 3.22% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $11,477 | 3.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $9,571 | 2.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $4,639 | 3.08% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $13,120 | 2.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $6,903 | 3.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $7,038 | 3.08% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $8,873 | 3.90% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $8,980 | 3.44% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $9,592 | 2.81% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,591 | 3.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $12,988 | 4.38% |
| RENO, NV (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $13,952 | 2.75% |
| Durango, CO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $11,652 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,937 | 3.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $12,792 | 2.88% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $10,724 | 3.50% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $11,441 | 2.13% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,978 | 2.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $11,826 | 2.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,026 | 2.81% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,990 | 2.75% |
| MERCED, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,648 | 3.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $8,136 | 2.38% |
| Shelton, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,309 | 2.63% |
| Outside of Metro Areas | 1 | $295,000 | $295,000 | $10,388 | 3.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,996 | 2.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,245 | 3.63% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,221 | 4.25% |
Best Finance Capital 's top markets include Los Angeles, Riverside, Las Vegas, Seattle, and San Francisco among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 418 | $159,800,000 | $382,297 | $6,745 | 3.08% |
| FHA | 24 | $8,700,000 | $362,500 | $13,762 | 2.97% |
| USDA | 1 | $475,000 | $475,000 | $0 | 4.25% |
For the 2021 period, Best Finance Capital 's most frequently originated loan type of loans were Conventional, with 418 originations. Their 2nd most popular type is FHA, with 24 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 288 | $105,240,000 | $365,417 | $6,801 | 2.97% |
| Home Purchase | 81 | $36,525,000 | $450,926 | $8,038 | 3.28% |
| Cash Out Refi | 74 | $27,210,000 | $367,703 | $7,276 | 3.25% |
For the 2021, Best Finance Capital 's most frequently cited loan purpose of loans were Refi, with 288 originations. The 2nd most popular reason of loans were Home Purchase, with 81 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 370 | $146,610,000 | $396,243 | $7,559 | 3.17% |
| 15 Year | 46 | $13,940,000 | $303,043 | $4,496 | 2.49% |
| 20 Year | 18 | $5,650,000 | $313,889 | $5,068 | 2.76% |
| Other | 5 | $1,855,000 | $371,000 | $6,777 | 3.08% |
| 10 Year | 4 | $920,000 | $230,000 | $5,574 | 2.50% |
For the 2021, Best Finance Capital 's most frequently cited loan length of loans were 30 Year, with 370 originations. The 2nd most popular length of loans were 15 Year, with 46 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 194 | $70,410,000 | $362,938 |
| $5k+ | 176 | $73,950,000 | $420,170 |
| $3k-4k | 40 | $12,770,000 | $319,250 |
| $2k-3k | 29 | $10,745,000 | $370,517 |
| $<1k | 1 | $235,000 | $235,000 |
$7,559 of loans were Best Finance Capital 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 194 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 197 | $74,545,000 | $378,401 |
| 3-4% | 174 | $70,710,000 | $406,379 |
| <2.5% | 56 | $18,070,000 | $322,679 |
| 4-5% | 15 | $5,125,000 | $341,667 |
| 5-6% | 1 | $525,000 | $525,000 |
During 2021, Best Finance Capital 's average interest rate of loans were 3.17%, while their most frequently originated rate bucket of loans were 2.5-3%, with 197 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 230 | $70,760,000 | $307,652 | $6,697 | 3.05% |
| $400k-600k | 149 | $70,935,000 | $476,074 | $7,772 | 3.06% |
| $100k-200k | 40 | $6,500,000 | $162,500 | $4,455 | 3.07% |
| $600k-1MM | 22 | $15,990,000 | $726,818 | $10,785 | 3.35% |
| $1MM+ | 2 | $4,790,000 | $2,395,000 | $17,509 | 3.75% |
2021 saw Best Finance Capital place emphasis on $200k-400k loans with 230 originations, totaling $70,760,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 125 | $51,445,000 | $411,560 | $6,730 | 3.03% |
| $75k-100k | 95 | $34,015,000 | $358,053 | $7,427 | 3.06% |
| $50k-75k | 87 | $26,695,000 | $306,839 | $7,264 | 3.06% |
| $150k-250k | 62 | $26,660,000 | $430,000 | $7,035 | 2.97% |
| $50k or less | 38 | $9,830,000 | $258,684 | $5,954 | 3.22% |
| $250k+ | 26 | $16,230,000 | $624,231 | $8,118 | 3.37% |
Best Finance Capital lent most frequently to those with incomes in the $100k-150k range, with 125 originations. The second most popular income band? $75k-100k, with 95 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 72 | $28,730,000 | $399,028 | $7,253 | 3.03% |
| 20-30% | 55 | $18,705,000 | $340,091 | $6,730 | 2.96% |
| 47% | 28 | $11,420,000 | $407,857 | $6,395 | 3.01% |
| <20% | 27 | $12,075,000 | $447,222 | $7,988 | 3.21% |
| 48% | 24 | $9,220,000 | $384,167 | $7,545 | 3.12% |
| 43% | 24 | $9,430,000 | $392,917 | $6,284 | 3.03% |
| 42% | 22 | $8,900,000 | $404,545 | $7,626 | 3.16% |
| 40% | 20 | $7,820,000 | $391,000 | $7,240 | 3.11% |
| 46% | 20 | $6,630,000 | $331,500 | $6,116 | 3.17% |
| 36% | 19 | $6,685,000 | $351,842 | $7,178 | 2.93% |
| 49% | 19 | $6,645,000 | $349,737 | $7,074 | 3.09% |
| 38% | 18 | $7,680,000 | $426,667 | $8,066 | 3.24% |
| 44% | 18 | $7,200,000 | $400,000 | $8,115 | 3.12% |
| 41% | 17 | $6,215,000 | $365,588 | $6,093 | 3.12% |
| 37% | 17 | $5,865,000 | $345,000 | $6,262 | 3.01% |
| 45% | 15 | $6,105,000 | $407,000 | $6,303 | 3.14% |
| 39% | 15 | $4,835,000 | $322,333 | $5,453 | 3.09% |
| 50-60% | 8 | $2,710,000 | $338,750 | $13,373 | 2.91% |
| >60% | 5 | $2,105,000 | $421,000 | $8,267 | 3.45% |
Best Finance Capital lent most frequently to those with DTI ratios of 30-36%, with 72 originations. The next most common DTI ratio? 20-30%, with 55 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 199 | $79,205,000 | $398,015 | $5,072 | 3.05% |
| White | 202 | $73,520,000 | $363,960 | $8,605 | 3.10% |
| Not provided | 31 | $11,935,000 | $385,000 | $10,209 | 3.04% |
| Black | 8 | $3,090,000 | $386,250 | $6,858 | 3.17% |
| Vietnamese | 1 | $545,000 | $545,000 | $3,917 | 3.38% |
| Native Hawaiian | 1 | $345,000 | $345,000 | $7,908 | 3.00% |
| American Indian | 1 | $335,000 | $335,000 | $7,171 | 3.25% |
Approval Rates
Total approvals of all applications96.50%
Best Finance Capital has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination43.18%
Best Finance Capital has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 443 | $168,975,000 | $381,433 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 443 | $168,975,000 | $381,433 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 48 | $12,610,000 | $262,708 | $5,195 | 2.88% |
| 40-60% | 144 | $51,940,000 | $360,694 | $6,396 | 2.92% |
| 60-80% | 197 | $82,895,000 | $420,787 | $7,630 | 3.22% |
| 80-100% | 52 | $21,070,000 | $405,192 | $8,785 | 3.13% |
| Under 20% | 2 | $460,000 | $230,000 | $7,161 | 2.63% |
