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 and Cash Out Refi loans. Best Finance Capital has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Dallas, and San Francisco among others. We have data for 12 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 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 | 7.27% | 4/14/24 |
| 30 Year Conventional Refi | 6.53% | 4/14/24 |
| 30 Year Cash-out Refi | 6.75% | 4/14/24 |
| 30 Year FHA Purchase | 7.17% | 4/14/24 |
| 30 Year FHA Refi | 7.18% | 4/14/24 |
| 30 Year VA Purchase | 6.27% | 4/14/24 |
| 30 Year VA Refi | 6.27% | 4/14/24 |
| 15 Year Conventional Purchase | 6.62% | 4/14/24 |
| 15 Year Conventional Refi | 5.94% | 4/14/24 |
| 15 Year Cash-out Refi | 5.94% | 4/14/24 |
| 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. | ||
Best Finance Capital Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
119Origination Dollar Volume (All Markets)
$40,295,000Top 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) | 56 | $20,320,000 | $362,857 | $0 | 5.03% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 36 | $11,120,000 | $308,889 | $0 | 5.00% |
| Outside of Metro Areas | 9 | $3,245,000 | $360,556 | $0 | 4.74% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $0 | 5.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $0 | 4.83% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 4.75% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 4.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $0 | 4.71% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 5.63% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 5.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 5.31% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.88% |
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 | 76 | $24,970,000 | $328,553 | $0 | 5.11% |
| FHA | 42 | $14,520,000 | $345,714 | $0 | 4.78% |
| VA | 1 | $805,000 | $805,000 | $0 | 4.75% |
For 2018, Best Finance Capital's most frequently originated type of loan was Conventional, with 76 originations. Their 2nd most popular type was FHA, with 42 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 63 | $22,915,000 | $363,730 | $0 | 4.99% |
| Cash Out Refi | 41 | $13,115,000 | $319,878 | $0 | 5.00% |
| Refi | 15 | $4,265,000 | $284,333 | $0 | 4.98% |
For 2018, Best Finance Capital's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 112 | $38,760,000 | $346,071 | $0 | 5.02% |
| 15 Year | 4 | $990,000 | $247,500 | $0 | 4.25% |
| 20 Year | 3 | $545,000 | $181,667 | $0 | 4.87% |
For 2018, Best Finance Capital's most frequently cited loan duration was 30 Year, with 112 originations. The 2nd most popular length was 15 Year, with 4 originations.
Origination Fees/Closing Costs
Best Finance Capital's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 48 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 72 | $23,910,000 | $332,083 |
| 5-6% | 41 | $13,695,000 | $334,024 |
| 3-4% | 4 | $1,450,000 | $362,500 |
| 6-7% | 1 | $885,000 | $885,000 |
| 7-8% | 1 | $355,000 | $355,000 |
During 2018, Best Finance Capital's average interest rate for loans was 5.02%, while their most frequently originated rate bucket for loans was 4-5%, with 72 originations.
Loan Sizing
2018 saw Best Finance Capital place emphasis on $200k-400k loans with 71 originations, totaling $21,495,000 in origination value.
Applicant Income
Best Finance Capital lent most frequently to those with incomes in the $75k-100k range, with 41 originations. The second most popular income band? $50k-75k, with 30 originations.
Applicant Debt to Income Ratio
Best Finance Capital lent most frequently to those with DTI ratios of 30-36%, with 15 originations. The next most common DTI ratio? 49%, with 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 11139.96 | 1 | $405,000 | $405,000 |
| 11324.25 | 1 | $415,000 | $415,000 |
| 15725.0 | 1 | $675,000 | $675,000 |
| 1765.0 | 1 | $145,000 | $145,000 |
| 1890.0 | 2 | $680,000 | $340,000 |
| 2090.0 | 4 | $1,380,000 | $345,000 |
| 24390.0 | 1 | $885,000 | $885,000 |
| 29390.0 | 1 | $905,000 | $905,000 |
| 2975.0 | 1 | $105,000 | $105,000 |
| 3240.0 | 1 | $485,000 | $485,000 |
| 3372.05 | 1 | $345,000 | $345,000 |
| 3515.63 | 1 | $135,000 | $135,000 |
| 3525.0 | 1 | $585,000 | $585,000 |
| 3745.0 | 1 | $195,000 | $195,000 |
| 3940.0 | 1 | $155,000 | $155,000 |
| 3963.75 | 1 | $285,000 | $285,000 |
| 4490.0 | 1 | $265,000 | $265,000 |
| 5090.0 | 1 | $325,000 | $325,000 |
| 5140.0 | 1 | $265,000 | $265,000 |
| 5690.0 | 1 | $245,000 | $245,000 |
| 5823.25 | 1 | $395,000 | $395,000 |
| 5906.0 | 1 | $405,000 | $405,000 |
| 6143.0 | 1 | $415,000 | $415,000 |
| 6215.0 | 1 | $445,000 | $445,000 |
| 6280.0 | 1 | $435,000 | $435,000 |
| 6490.0 | 1 | $235,000 | $235,000 |
| 7128.13 | 1 | $225,000 | $225,000 |
| 7530.47 | 1 | $365,000 | $365,000 |
| 7985.5 | 1 | $455,000 | $455,000 |
| 8232.0 | 1 | $285,000 | $285,000 |
| 8662.75 | 1 | $425,000 | $425,000 |
| 9520.0 | 1 | $355,000 | $355,000 |
| 9853.0 | 1 | $355,000 | $355,000 |
| NA | 82 | $26,620,000 | $324,634 |