Grandbridge Real Estate Capital Mortgage Rates, Fees & Info
Raleigh, NCLEI: 549300337GB2P1WP7003
Tax ID: 56-2224037
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Grandbridge Real Estate Capital is a mid-sized mortgage company specializing in Home Purchase and Refi loans. Grandbridge Real Estate Capital has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Phoenix, Virginia Beach, Dallas, New York, and Miami among others. Grandbridge Real Estate Capital has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors.Originations
208Origination Dollar Volume (All Markets)
$4,116,040,000Relative Rate
Grandbridge Real Estate Capital 's average 30 year fixed rate mortgage of loans were
4.3%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 1.15%.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $290,765,000 | $26,433,182 | $0 | 3.19% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 7 | $208,935,000 | $29,847,857 | $0 | 3.12% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $198,800,000 | $33,133,333 | $0 | 3.11% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $192,875,000 | $38,575,000 | $0 | 3.89% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $187,135,000 | $37,427,000 | $0 | 3.11% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 8 | $182,470,000 | $22,808,750 | $0 | 3.98% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $157,045,000 | $22,435,000 | $0 | 3.15% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $133,395,000 | $26,679,000 | $0 | 3.11% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 9 | $132,495,000 | $14,721,667 | $0 | 3.47% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $128,165,000 | $25,633,000 | $0 | 3.15% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $127,715,000 | $42,571,667 | $0 | 3.17% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $97,840,000 | $12,230,000 | $0 | 3.53% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $96,560,000 | $24,140,000 | $0 | 3.02% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $89,000,000 | $22,250,000 | $0 | 3.84% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $88,200,000 | $44,100,000 | $0 | 3.56% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 3 | $85,115,000 | $28,371,667 | $0 | 3.23% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 7 | $82,925,000 | $11,846,429 | $0 | 4.05% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 5 | $71,885,000 | $14,377,000 | $0 | 3.13% |
| Edwards, CO (FHA|USDA|VA) | 1 | $70,235,000 | $70,235,000 | $0 | 2.84% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 4 | $69,550,000 | $17,387,500 | $0 | 3.19% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 7 | $68,425,000 | $9,775,000 | $0 | 3.32% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 4 | $67,800,000 | $16,950,000 | $0 | 3.51% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 5 | $62,085,000 | $12,417,000 | $0 | 3.55% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $56,855,000 | $56,855,000 | $0 | 3.30% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $49,500,000 | $24,750,000 | $0 | 2.03% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $46,855,000 | $46,855,000 | $0 | 2.54% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $46,625,000 | $46,625,000 | $0 | 2.06% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $45,205,000 | $45,205,000 | $0 | 2.28% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $44,205,000 | $44,205,000 | $0 | 2.98% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $42,905,000 | $42,905,000 | $0 | 2.89% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $42,680,000 | $21,340,000 | $0 | 2.81% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $37,505,000 | $37,505,000 | $0 | 3.30% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $35,260,000 | $17,630,000 | $0 | 3.28% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $33,805,000 | $33,805,000 | $0 | 1.86% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $32,970,000 | $16,485,000 | $0 | 3.49% |
| Key West, FL (FHA|USDA|VA) | 2 | $30,010,000 | $15,005,000 | $0 | 5.12% |
| BEND, OR (FHA|USDA|VA) | 1 | $27,605,000 | $27,605,000 | $0 | 3.06% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $26,975,000 | $26,975,000 | $0 | 3.33% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $26,745,000 | $26,745,000 | $0 | 2.71% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $24,985,000 | $24,985,000 | $0 | 2.82% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $24,865,000 | $24,865,000 | $0 | 3.50% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $23,925,000 | $23,925,000 | $0 | 2.36% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $23,280,000 | $11,640,000 | $0 | 3.53% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $23,175,000 | $23,175,000 | $0 | 2.71% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $23,025,000 | $23,025,000 | $0 | 2.08% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $21,795,000 | $21,795,000 | $0 | 4.61% |
| Boone, NC (FHA|USDA|VA) | 1 | $21,765,000 | $21,765,000 | $0 | 2.73% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $19,065,000 | $19,065,000 | $0 | 2.80% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $19,005,000 | $19,005,000 | $0 | 3.40% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $17,295,000 | $17,295,000 | $0 | 2.79% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $17,100,000 | $8,550,000 | $0 | 2.36% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $16,735,000 | $16,735,000 | $0 | 4.84% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $16,145,000 | $5,381,667 | $0 | 3.30% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $15,610,000 | $7,805,000 | $0 | 3.69% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $15,425,000 | $15,425,000 | $0 | 3.42% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $14,050,000 | $7,025,000 | $0 | 3.08% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $13,965,000 | $13,965,000 | $0 | 2.49% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $13,795,000 | $13,795,000 | $0 | 2.05% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $13,510,000 | $6,755,000 | $0 | 3.30% |
| Laramie, WY (FHA|USDA|VA) | 1 | $12,635,000 | $12,635,000 | $0 | 5.06% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $12,525,000 | $12,525,000 | $0 | 2.79% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $12,245,000 | $12,245,000 | $0 | 2.05% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $11,755,000 | $11,755,000 | $0 | 3.54% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $11,575,000 | $11,575,000 | $0 | 3.10% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $11,055,000 | $11,055,000 | $0 | 3.01% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $10,710,000 | $5,355,000 | $0 | 3.40% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $9,805,000 | $9,805,000 | $0 | 5.11% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $9,165,000 | $9,165,000 | $0 | 3.01% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $8,505,000 | $8,505,000 | $0 | 3.63% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $8,415,000 | $8,415,000 | $0 | 3.40% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $8,325,000 | $8,325,000 | $0 | 2.59% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $7,775,000 | $7,775,000 | $0 | 3.10% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $7,705,000 | $7,705,000 | $0 | 4.19% |
| RENO, NV (FHA|USDA|VA) | 1 | $7,305,000 | $7,305,000 | $0 | 2.16% |
| Palestine, TX (FHA|USDA|VA) | 1 | $7,005,000 | $7,005,000 | $0 | 2.54% |
| Outside of Metro Areas | 2 | $6,970,000 | $3,485,000 | $0 | 2.75% |
| AMES, IA (FHA|USDA|VA) | 1 | $6,075,000 | $6,075,000 | $0 | 3.42% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $5,485,000 | $5,485,000 | $0 | 2.61% |
| Tifton, GA (FHA|USDA|VA) | 1 | $5,175,000 | $5,175,000 | $0 | 2.97% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $5,125,000 | $5,125,000 | $0 | 2.29% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $5,035,000 | $5,035,000 | $0 | 2.68% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $4,305,000 | $4,305,000 | $0 | 4.03% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $4,305,000 | $4,305,000 | $0 | 3.27% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $4,255,000 | $4,255,000 | $0 | 4.89% |
| ENID, OK (FHA|USDA|VA) | 1 | $3,355,000 | $3,355,000 | $0 | 4.41% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $3,285,000 | $3,285,000 | $0 | 2.18% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $3,015,000 | $3,015,000 | $0 | 2.85% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $2,815,000 | $2,815,000 | $0 | 4.34% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $2,205,000 | $2,205,000 | $0 | 3.63% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $1,945,000 | $1,945,000 | $0 | 4.05% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $1,605,000 | $1,605,000 | $0 | 5.25% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $0 | 4.41% |
Grandbridge Real Estate Capital 's top markets include Phoenix, Virginia Beach, Dallas, New York, and Miami among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 182 | $3,618,540,000 | $19,882,088 | $0 | 3.45% |
| FHA | 26 | $497,500,000 | $19,134,615 | $0 | 2.40% |
For the 2021 period, Grandbridge Real Estate Capital 's most frequently originated loan type of loans were Conventional, with 182 originations. Their 2nd most popular type is FHA, with 26 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 127 | $2,555,295,000 | $20,120,433 | $0 | 3.42% |
| Refi | 74 | $1,473,530,000 | $19,912,568 | $0 | 3.03% |
| Home Improvement | 7 | $87,215,000 | $12,459,286 | $0 | 4.55% |
For the 2021, Grandbridge Real Estate Capital 's most frequently cited loan purpose of loans were Home Purchase, with 127 originations. The 2nd most popular reason of loans were Refi, with 74 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 93 | $1,776,455,000 | $19,101,667 | $0 | 3.18% |
| Other | 66 | $1,426,000,000 | $21,606,061 | $0 | 3.57% |
| 30+ year | 26 | $497,500,000 | $19,134,615 | $0 | 2.40% |
| 15 Year | 20 | $338,250,000 | $16,912,500 | $0 | 4.34% |
| 30 Year | 1 | $7,875,000 | $7,875,000 | $0 | 4.30% |
| 20 Year | 1 | $14,755,000 | $14,755,000 | $0 | 3.68% |
| 5 Year | 1 | $55,205,000 | $55,205,000 | $0 | 2.61% |
For the 2021, Grandbridge Real Estate Capital 's most frequently cited loan length of loans were 10 Year, with 93 originations. The 2nd most popular length of loans were Other, with 66 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 87 | $1,682,415,000 | $19,338,103 |
| 2.5-3% | 55 | $1,413,805,000 | $25,705,545 |
| <2.5% | 29 | $682,705,000 | $23,541,552 |
| 4-5% | 24 | $215,760,000 | $8,990,000 |
| 5-6% | 13 | $121,355,000 | $9,335,000 |
During 2021, Grandbridge Real Estate Capital 's average interest rate of loans were 4.30%, while their most frequently originated rate bucket of loans were 3-4%, with 87 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 207 | $4,115,095,000 | $19,879,686 | $0 | 3.32% |
| $600k-1MM | 1 | $945,000 | $945,000 | $0 | 4.41% |
2021 saw Grandbridge Real Estate Capital place emphasis on $1MM+ loans with 207 originations, totaling $4,115,095,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 208 | $4,116,040,000 | $19,788,654 | $0 | 3.32% |
Approval Rates
Total approvals of all applications99.45%
Grandbridge Real Estate 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 origination92.51%
Grandbridge Real Estate Capital has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 208 | $4,116,040,000 | $19,788,654 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 208 | $4,116,040,000 | $19,788,654 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 8 | $85,760,000 | $10,720,000 | $0 | 3.83% |
| 40-60% | 39 | $714,525,000 | $18,321,154 | $0 | 3.21% |
| 60-80% | 121 | $2,690,575,000 | $22,236,157 | $0 | 3.35% |
| 80-100% | 23 | $459,405,000 | $19,974,130 | $0 | 2.78% |
| Under 20% | 12 | $109,220,000 | $9,101,667 | $0 | 4.51% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GUARANTEED RATE INC. | VA mortgage | Struggling to pay mortgage | 1 | 0.6% |
| GUARANTEED RATE INC. | VA mortgage | Closing on a mortgage | 1 | 0.6% |
| GUARANTEED RATE INC. | VA mortgage | Trouble during payment process | 14 | 8.7% |
| GUARANTEED RATE INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 34 | 21.1% |
| GUARANTEED RATE INC. | Conventional home mortgage | Closing on a mortgage | 12 | 7.5% |
| GUARANTEED RATE INC. | Conventional home mortgage | Improper use of your report | 1 | 0.6% |
| GUARANTEED RATE INC. | Conventional home mortgage | Incorrect information on your report | 1 | 0.6% |
| GUARANTEED RATE INC. | Conventional home mortgage | Struggling to pay mortgage | 3 | 1.9% |
| GUARANTEED RATE INC. | Conventional home mortgage | Trouble during payment process | 60 | 37.3% |
| GUARANTEED RATE INC. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 7 | 4.3% |
| GUARANTEED RATE INC. | FHA mortgage | Closing on a mortgage | 4 | 2.5% |
| GUARANTEED RATE INC. | FHA mortgage | Incorrect information on your report | 1 | 0.6% |
| GUARANTEED RATE INC. | FHA mortgage | Trouble during payment process | 12 | 7.5% |
| GUARANTEED RATE INC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 2.5% |
| GUARANTEED RATE INC. | Other type of mortgage | Closing on a mortgage | 1 | 0.6% |
| GUARANTEED RATE INC. | Other type of mortgage | Trouble during payment process | 2 | 1.2% |
| GUARANTEED RATE INC. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 1.9% |
