Best Finance Capital Mortgage Rates, Fees & Info
GARDEN GROVE, CALEI: 5493002UTIS7AQUDFF80
Tax ID: 46-3284608
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Mortgage Data
Review & Overview
Best Finance Capital is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Best Finance Capital has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, Las Vegas, Houston, and Miami among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)Best Finance Capital 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. Best Finance Capital 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.27% | 3/27/23 |
| 30 Year Conventional Refi | 6.53% | 3/27/23 |
| 30 Year Cash-out Refi | 6.75% | 3/27/23 |
| 30 Year FHA Purchase | 7.17% | 3/27/23 |
| 30 Year FHA Refi | 7.18% | 3/27/23 |
| 30 Year VA Purchase | 6.27% | 3/27/23 |
| 30 Year VA Refi | 6.27% | 3/27/23 |
| 15 Year Conventional Purchase | 6.62% | 3/27/23 |
| 15 Year Conventional Refi | 5.94% | 3/27/23 |
| 15 Year Cash-out Refi | 5.94% | 3/27/23 |
| 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. | ||
Originations
211Origination Dollar Volume (All Markets)
$80,145,000Relative Rate
Best Finance Capital's average 30 year fixed mortgage rate was
5.25%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.49%.
Relative Fees (Closing Costs)
Best Finance Capital's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,450.
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 $4,750.
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) | 54 | $24,920,000 | $461,481 | $11,651 | 4.99% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 30 | $11,730,000 | $391,000 | $13,079 | 4.54% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 24 | $8,200,000 | $341,667 | $8,542 | 6.27% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 16 | $4,900,000 | $306,250 | $9,748 | 5.59% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $3,495,000 | $499,286 | $18,372 | 4.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $3,365,000 | $480,714 | $12,974 | 4.43% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $2,875,000 | $319,444 | $10,118 | 4.76% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 9 | $2,555,000 | $283,889 | $11,690 | 5.86% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $2,415,000 | $345,000 | $10,682 | 5.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $2,035,000 | $678,333 | $15,423 | 4.92% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $1,815,000 | $363,000 | $11,841 | 5.38% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $12,361 | 5.29% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $8,520 | 3.96% |
| BEND, OR (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $21,770 | 4.38% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $15,561 | 5.06% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $9,328 | 5.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $11,240 | 4.50% |
| Outside of Metro Areas | 2 | $490,000 | $245,000 | $8,516 | 5.44% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $12,878 | 5.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $11,971 | 5.25% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,009 | 3.38% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $7,840 | 6.63% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $23,629 | 4.75% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,620 | 4.00% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,338 | 3.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,619 | 2.88% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $12,878 | 4.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,652 | 6.13% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,925 | 3.25% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $14,711 | 6.88% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,320 | 3.63% |
| Shelton, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $12,823 | 5.25% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,837 | 3.63% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,907 | 3.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,456 | 3.63% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,715 | 4.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,858 | 2.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,141 | 6.13% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,809 | 6.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,864 | 4.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against BEST FINANCE CAPITAL 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 | 193 | $71,835,000 | $372,202 | $10,766 | 5.07% |
| FHA | 18 | $8,310,000 | $461,667 | $17,346 | 5.01% |
For 2022, Best Finance Capital's most frequently originated type of loan was Conventional, with 193 originations. Their 2nd most popular type was FHA, with 18 originations.
Loan Reason
For 2022, Best Finance Capital's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Refi, with 74 originations.
Loan Duration/Length
For 2022, Best Finance Capital's most frequently cited loan duration was 30 Year, with 191 originations. The 2nd most popular length was 15 Year, with 14 originations.
Origination Fees/Closing Costs
Best Finance Capital's average total fees were $11,450, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 153 originations.
Interest Rates
During 2022, Best Finance Capital's average interest rate for loans was 5.25%, while their most frequently originated rate bucket for loans was 3-4%, with 47 originations.
Loan Sizing
2022 saw Best Finance Capital place emphasis on $200k-400k loans with 115 originations, totaling $33,775,000 in origination value.
Applicant Income
Best Finance Capital lent most frequently to those with incomes in the $50k or less range, with 47 originations. The second most popular income band? $100k-150k, with 44 originations.
Applicant Debt to Income Ratio
Best Finance Capital lent most frequently to those with DTI ratios of 49%, with 27 originations. The next most common DTI ratio? 30-36%, with 18 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.81%
Best Finance Capital has an average approval rate.
Pick Rate
Approvals leading to origination2.37%
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 | 211 | $80,145,000 | $379,834 |