Grandbridge Real Estate Capital Mortgage Rates, Fees & Info
Raleigh, NCLEI: 549300337GB2P1WP7003
Tax ID: 56-2224037
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Mortgage Data
Review & Overview
Grandbridge Real Estate Capital is a small mortgage company specializing in Home Purchase, Home Improvement, 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 by origination volume include: Virginia Beach, Dallas, Seattle, Miami, and New York among others. We have data for 57 markets. (Some data included below & more in-depth data is available with an active subscription.)Grandbridge Real Estate 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. 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 |
|---|---|---|
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 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. | ||
Grandbridge Real Estate Capital Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
99Origination Dollar Volume (All Markets)
$1,841,805,000Relative Rate
Grandbridge Real Estate Capital's average 30 year fixed mortgage rate was
5.68%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.8%.
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 |
|---|---|---|---|---|---|
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $190,925,000 | $38,185,000 | $0 | 5.37% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $98,925,000 | $14,132,143 | $0 | 6.81% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $98,875,000 | $32,958,333 | $0 | 5.76% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $96,480,000 | $24,120,000 | $0 | 3.84% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $78,410,000 | $19,602,500 | $0 | 6.44% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $66,655,000 | $66,655,000 | $0 | 5.35% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $54,335,000 | $18,111,667 | $0 | 6.11% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $53,575,000 | $53,575,000 | $0 | 5.37% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $52,845,000 | $52,845,000 | $0 | 5.02% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $51,420,000 | $25,710,000 | $0 | 6.20% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $51,175,000 | $51,175,000 | $0 | 4.70% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $46,825,000 | $46,825,000 | $0 | 5.06% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $45,930,000 | $22,965,000 | $0 | 5.91% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $45,025,000 | $45,025,000 | $0 | 6.51% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $42,490,000 | $21,245,000 | $0 | 4.18% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $35,285,000 | $11,761,667 | $0 | 4.51% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $34,810,000 | $17,405,000 | $0 | 5.91% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $34,795,000 | $34,795,000 | $0 | 5.91% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $34,430,000 | $17,215,000 | $0 | 4.89% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $34,025,000 | $34,025,000 | $0 | 5.91% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $32,650,000 | $16,325,000 | $0 | 6.38% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $32,565,000 | $32,565,000 | $0 | 5.91% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $32,525,000 | $32,525,000 | $0 | 5.91% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $31,880,000 | $15,940,000 | $0 | 6.06% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $31,425,000 | $10,475,000 | $0 | 5.22% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $30,940,000 | $15,470,000 | $0 | 4.09% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $30,620,000 | $15,310,000 | $0 | 6.46% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $30,105,000 | $30,105,000 | $0 | 3.67% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $27,780,000 | $13,890,000 | $0 | 5.66% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $24,965,000 | $24,965,000 | $0 | 5.91% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $24,315,000 | $24,315,000 | $0 | 5.35% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $23,520,000 | $11,760,000 | $0 | 5.88% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $19,105,000 | $19,105,000 | $0 | 5.91% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $17,200,000 | $8,600,000 | $0 | 7.39% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $16,215,000 | $16,215,000 | $0 | 5.91% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $16,085,000 | $16,085,000 | $0 | 5.91% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $15,350,000 | $7,675,000 | $0 | 5.61% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $15,315,000 | $15,315,000 | $0 | 5.91% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $15,065,000 | $15,065,000 | $0 | 7.57% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $14,985,000 | $14,985,000 | $0 | 5.91% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $12,610,000 | $6,305,000 | $0 | 5.20% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $12,185,000 | $12,185,000 | $0 | 4.09% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $11,255,000 | $11,255,000 | $0 | 5.24% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $10,760,000 | $5,380,000 | $0 | 5.29% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $8,910,000 | $4,455,000 | $0 | 6.87% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $8,705,000 | $8,705,000 | $0 | 5.21% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $6,855,000 | $6,855,000 | $0 | 5.47% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $6,505,000 | $6,505,000 | $0 | 5.41% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $6,205,000 | $6,205,000 | $0 | 4.66% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $5,940,000 | $2,970,000 | $0 | 5.56% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $5,880,000 | $2,940,000 | $0 | 4.22% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $4,605,000 | $4,605,000 | $0 | 7.09% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $3,665,000 | $3,665,000 | $0 | 4.29% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $3,125,000 | $3,125,000 | $0 | 6.04% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $2,415,000 | $2,415,000 | $0 | 5.56% |
| Minot, ND (FHA|USDA|VA) | 1 | $1,765,000 | $1,765,000 | $0 | 5.68% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 2.83% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 88 | $1,647,210,000 | $18,718,295 | $0 | 5.74% |
| FHA | 11 | $194,595,000 | $17,690,455 | $0 | 4.38% |
For 2023, Grandbridge Real Estate Capital's most frequently originated type of loan was Conventional, with 88 originations. Their 2nd most popular type was FHA, with 11 originations.
Loan Reason
For 2023, Grandbridge Real Estate Capital's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Home Improvement, with 31 originations.
Loan Duration/Length
For 2023, Grandbridge Real Estate Capital's most frequently cited loan duration was 10 Year, with 42 originations. The 2nd most popular length was Other, with 38 originations.
Interest Rates
During 2023, Grandbridge Real Estate Capital's average interest rate for loans was 5.68%, while their most frequently originated rate bucket for loans was 5-6%, with 55 originations.
Loan Sizing
2023 saw Grandbridge Real Estate Capital place emphasis on $1MM+ loans with 96 originations, totaling $1,840,380,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 99 | $1,841,805,000 | $18,604,091 | $0 | 5.59% |
Approval Rates
Total approvals of all applications100.00%
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 origination64.65%
Grandbridge Real Estate 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 | 99 | $1,841,805,000 | $18,604,091 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 99 | $1,841,805,000 | $18,604,091 |