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 Refi loans. Best Finance Capital has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Riverside, San Jose, Las Vegas, and San Diego among others. We have data for 26 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 an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.27% | 4/18/24 |
| 30 Year Conventional Refi | 6.53% | 4/18/24 |
| 30 Year Cash-out Refi | 6.75% | 4/18/24 |
| 30 Year FHA Purchase | 7.17% | 4/18/24 |
| 30 Year FHA Refi | 7.18% | 4/18/24 |
| 30 Year VA Purchase | 6.27% | 4/18/24 |
| 30 Year VA Refi | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 6.62% | 4/18/24 |
| 15 Year Conventional Refi | 5.94% | 4/18/24 |
| 15 Year Cash-out Refi | 5.94% | 4/18/24 |
| 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
635Origination Dollar Volume (All Markets)
$226,465,000Awards
BEST FINANCE CAPITAL - 2020
BEST FINANCE CAPITAL is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 427 | $158,865,000 | $372,049 | $4,434 | 2.86% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 79 | $24,605,000 | $311,456 | $4,966 | 3.01% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 29 | $10,935,000 | $377,069 | $3,469 | 2.90% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 27 | $7,055,000 | $261,296 | $5,720 | 3.20% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 13 | $5,265,000 | $405,000 | $5,241 | 2.98% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 12 | $4,830,000 | $402,500 | $4,916 | 2.76% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 9 | $2,645,000 | $293,889 | $4,475 | 3.44% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 7 | $2,335,000 | $333,571 | $4,341 | 3.18% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $2,045,000 | $292,143 | $5,715 | 3.09% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $1,545,000 | $309,000 | $4,564 | 2.68% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $3,824 | 2.67% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $3,812 | 2.81% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $6,043 | 3.13% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,250 | 2.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $12,006 | 4.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,530 | 2.38% |
| MERCED, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,433 | 4.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,589 | 2.88% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,911 | 3.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $15,400 | 3.63% |
| RENO, NV (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,040 | 4.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,307 | 3.25% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,183 | 2.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,781 | 3.13% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,406 | 2.13% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,189 | 3.63% |
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 | 615 | $219,375,000 | $356,707 | $4,306 | 2.91% |
| FHA | 20 | $7,090,000 | $354,500 | $13,106 | 3.24% |
For 2020, Best Finance Capital's most frequently originated type of loan was Conventional, with 615 originations. Their 2nd most popular type was FHA, with 20 originations.
Loan Reason
For 2020, Best Finance Capital's most frequently cited loan purpose was Refi, with 479 originations. The 2nd most popular reason was Cash Out Refi, with 79 originations.
Loan Duration/Length
For 2020, Best Finance Capital's most frequently cited loan duration was 30 Year, with 459 originations. The 2nd most popular length was 15 Year, with 118 originations.
Origination Fees/Closing Costs
Best Finance Capital's average total fees were $4,918, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 487 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 313 | $112,805,000 | $360,399 |
| 3-4% | 190 | $69,970,000 | $368,263 |
| <2.5% | 126 | $41,640,000 | $330,476 |
| 4-5% | 6 | $2,050,000 | $341,667 |
During 2020, Best Finance Capital's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 313 originations.
Loan Sizing
2020 saw Best Finance Capital place emphasis on $200k-400k loans with 346 originations, totaling $107,270,000 in origination value.
Applicant Income
Best Finance Capital lent most frequently to those with incomes in the $100k-150k range, with 191 originations. The second most popular income band? $75k-100k, with 134 originations.
Applicant Debt to Income Ratio
Best Finance Capital lent most frequently to those with DTI ratios of 20-30%, with 138 originations. The next most common DTI ratio? 30-36%, with 107 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.63%
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 origination42.52%
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 | 635 | $226,465,000 | $356,638 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 635 | $226,465,000 | $356,638 |