Rain City Capital Mortgage Rates, Fees & InfoSEATTLE, WA
Tax ID: 27-0441646
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewRain City Capital is a smaller mortgage company specializing in Other loans. Rain City Capital has a high proportion of conventional loans.
Rain City 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.
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Origination Dollar Volume (All Markets)$286,730,000
Rain City Capital's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.94%.
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|
|Outside of Metro Areas||736||$286,730,000||$389,579||$0||9.76%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Rain City Capital's most frequently originated type of loan was Conventional, with 736 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Rain City Capital's most frequently cited loan purpose was Other, with 736 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Rain City Capital's most frequently cited loan duration was 1 Year, with 639 originations. The 2nd most popular length was 30 Year, with 68 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Rain City Capital's average interest rate for loans was 5.70%, while their most frequently originated rate bucket for loans was Over 8%, with 512 originations.
2022 saw Rain City Capital place emphasis on $200k-400k loans with 317 originations, totaling $92,955,000 in origination value.
Rain City Capital lent most frequently to those with incomes in the $250k+ range, with 229 originations. The second most popular income band? $150k-250k, with 151 originations.
Approval RatesTotal approvals of all applications
Rain City Capital has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Rain City 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|