Best Finance Capital Mortgage Rates, Fees & Info

GARDEN GROVE, CA

LEI: 5493002UTIS7AQUDFF80

Tax ID: 46-3284608

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Best Finance Capital is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and 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, San Jose, San Diego, and Miami among others. We have data for 22 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 an above average pick rate when compared to similar lenders. Best Finance Capital 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.27% 4/21/24
    30 Year Conventional Refi 6.53% 4/21/24
    30 Year Cash-out Refi 6.75% 4/21/24
    30 Year FHA Purchase 7.17% 4/21/24
    30 Year FHA Refi 7.18% 4/21/24
    30 Year VA Purchase 6.27% 4/21/24
    30 Year VA Refi 6.27% 4/21/24
    15 Year Conventional Purchase 6.62% 4/21/24
    15 Year Conventional Refi 5.94% 4/21/24
    15 Year Cash-out Refi 5.94% 4/21/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Best Finance Capital. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    218

    Origination Dollar Volume (All Markets)

    $75,410,000

    Awards

    BEST FINANCE CAPITAL 30 Year Conventional Loans bronze BEST FINANCE CAPITAL FHA Loans gold BEST FINANCE CAPITAL 30 Year Conventional Loans silver BEST FINANCE CAPITAL FHA Loans gold
    Show all (4) awards

    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) 127 $49,265,000 $387,913 $4,078 4.30%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 43 $12,355,000 $287,326 $2,872 4.38%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $1,860,000 $465,000 $2,554 4.88%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $1,685,000 $337,000 $1,858 4.68%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,425,000 $285,000 $3,631 5.15%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 5 $1,325,000 $265,000 $3,072 4.08%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,110,000 $277,500 $2,412 4.06%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $890,000 $445,000 $4,380 4.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $830,000 $207,500 $4,527 4.47%
    BAKERSFIELD, CA (FHA|USDA|VA) 3 $475,000 $158,333 $3,332 5.21%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $475,000 $158,333 $0 4.92%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $475,000 $475,000 $1,890 4.38%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $460,000 $230,000 $1,295 5.09%
    VISALIA, CA (FHA|USDA|VA) 2 $410,000 $205,000 $4,833 4.31%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $405,000 $405,000 $2,365 4.38%
    MERCED, CA (FHA|USDA|VA) 1 $355,000 $355,000 $2,364 4.00%
    STOCKTON, CA (FHA|USDA|VA) 1 $355,000 $355,000 $5,390 3.88%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $315,000 $315,000 $1,316 3.50%
    FRESNO, CA (FHA|USDA|VA) 1 $295,000 $295,000 $3,370 4.88%
    Outside of Metro Areas 1 $245,000 $245,000 $6,895 5.13%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,412 5.20%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $185,000 $185,000 $1,330 3.25%
    Best Finance Capital's top markets include Los Angeles, Riverside, San Jose, San Diego, and Miami among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)

    • 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.

    Christian Community Credit Union
    Similarity Rank: 220
    SIMPLIFI MORTGAGE, LLC
    Similarity Rank: 288
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    AAXY L.L.C.
    Similarity Rank: 368
    Nevada Mortgage Inc.
    Similarity Rank: 401
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    MEMBERS CHOICE Credit Union
    Similarity Rank: 549
    Resource One Credit Union
    Similarity Rank: 582
    SANTA CLARA COUNTY
    Similarity Rank: 645
    Ukrainian Federal Credit Union
    Similarity Rank: 657

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 172 $57,900,000 $336,628 $4,000 4.44%
    FHA 35 $13,255,000 $378,714 $2,845 4.28%
    VA 11 $4,255,000 $386,818 $1,649 3.64%

    For 2019, Best Finance Capital's most frequently originated type of loan was Conventional, with 172 originations. Their 2nd most popular type was FHA, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 87 $30,885,000 $355,000 $3,967 4.59%
    Cash Out Refi 80 $27,470,000 $343,375 $4,149 4.39%
    Refi 48 $16,160,000 $336,667 $2,465 3.98%
    Home Improvement 3 $895,000 $298,333 $3,722 4.04%

    For 2019, Best Finance Capital's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Cash Out Refi, with 80 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 208 $73,010,000 $351,010 $3,674 4.39%
    20 Year 6 $1,580,000 $263,333 $2,709 4.06%
    15 Year 4 $820,000 $205,000 $3,716 3.81%

    For 2019, Best Finance Capital's most frequently cited loan duration was 30 Year, with 208 originations. The 2nd most popular length was 20 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 48 $17,550,000 $365,625
    $5k+ 30 $11,950,000 $398,333
    $2k-3k 22 $7,410,000 $336,818
    $4k-5k 11 $3,595,000 $326,818
    $3k-4k 8 $2,460,000 $307,500
    $<1k 4 $1,240,000 $310,000

    Best Finance Capital's average total fees were $3,674, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 48 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 109 $37,545,000 $344,450
    3-4% 75 $27,015,000 $360,200
    5-6% 29 $9,675,000 $333,621
    6-7% 4 $910,000 $227,500

    During 2019, Best Finance Capital's average interest rate for loans was 4.39%, while their most frequently originated rate bucket for loans was 4-5%, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 120 $36,470,000 $303,917 $3,810 4.40%
    $400k-600k 62 $28,770,000 $464,032 $3,323 4.25%
    $100k-200k 26 $4,220,000 $162,308 $2,859 4.45%
    $600k-1MM 9 $5,855,000 $650,556 $5,755 4.60%
    $100,000 or less 1 $95,000 $95,000 $3,173 4.50%

    2019 saw Best Finance Capital place emphasis on $200k-400k loans with 120 originations, totaling $36,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 57 $19,405,000 $340,439 $4,111 4.46%
    $50k-75k 46 $12,980,000 $282,174 $4,295 4.42%
    $100k-150k 45 $18,405,000 $409,000 $4,283 4.36%
    $150k-250k 25 $11,175,000 $447,000 $3,063 4.30%
    $50k or less 20 $4,130,000 $206,500 $2,878 4.30%
    $250k+ 5 $1,985,000 $397,000 $3,515 4.43%

    Best Finance Capital lent most frequently to those with incomes in the $75k-100k range, with 57 originations. The second most popular income band? $50k-75k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 28 $10,060,000 $359,286 $4,132 4.34%
    <20% 23 $8,195,000 $356,304 $1,130 4.33%
    20-30% 19 $6,895,000 $362,895 $3,176 4.24%
    50-60% 16 $5,980,000 $373,750 $3,857 4.23%
    >60% 14 $4,420,000 $315,714 $3,655 4.23%
    37% 12 $4,420,000 $368,333 $4,042 4.43%
    46% 11 $3,785,000 $344,091 $3,883 4.48%
    43% 11 $3,825,000 $347,727 $4,893 4.48%
    42% 10 $3,700,000 $370,000 $5,183 5.09%
    36% 10 $3,720,000 $372,000 $4,790 4.21%
    41% 10 $3,060,000 $306,000 $3,543 4.76%
    49% 9 $3,135,000 $348,333 $4,084 4.39%
    48% 9 $2,545,000 $282,778 $3,438 4.21%
    44% 8 $2,890,000 $361,250 $3,681 4.46%
    45% 7 $2,345,000 $335,000 $5,274 4.52%
    40% 7 $2,225,000 $317,857 $2,444 4.16%
    47% 6 $1,960,000 $326,667 $4,056 4.15%
    38% 6 $1,580,000 $263,333 $3,308 4.15%
    39% 2 $670,000 $335,000 $3,499 4.69%

    Best Finance Capital lent most frequently to those with DTI ratios of 30-36%, with 28 originations. The next most common DTI ratio? <20%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 105 $37,555,000 $357,667 $3,034 4.39%
    White 103 $34,475,000 $334,709 $4,124 4.37%
    Not provided 6 $1,810,000 $301,667 $4,999 4.48%
    Black 4 $1,570,000 $392,500 $2,834 3.94%

    Approval Rates

    Total approvals of all applications
    91.34%

    Best Finance Capital has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.50%

    Best Finance Capital has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 218 $75,410,000 $345,917

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 218 $75,410,000 $345,917

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $2,725,000 $209,615 $3,411 4.18%
    40-60% 49 $14,085,000 $287,449 $3,348 4.29%
    60-80% 95 $35,125,000 $369,737 $4,429 4.51%
    80-100% 60 $23,020,000 $383,667 $2,884 4.27%
    Under 20% 1 $455,000 $455,000 $2,390 4.38%