Rain City Capital Mortgage Rates, Fees & Info
SEATTLE, WALEI: 5493004T38NMC864VL66
Tax ID: 27-0441646
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Mortgage Data
Review & Overview
Rain City Capital is a smaller mortgage company specializing in Other loans. Rain City Capital has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Portland, Olympia, Salem, and Mount Vernon among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)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.
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Originations
469Origination Dollar Volume (All Markets)
$127,605,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 419 | $115,345,000 | $275,286 | $0 | 9.99% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 21 | $5,495,000 | $261,667 | $0 | 9.93% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 15 | $4,535,000 | $302,333 | $0 | 8.20% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 11.00% |
| SALEM, OR (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 12.00% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 12.00% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 10.50% |
| Astoria, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 12.00% |
| Brookings, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 9.00% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 12.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 469 | $127,605,000 | $272,079 | $0 | 9.94% |
For 2019, Rain City Capital's most frequently originated type of loan was Conventional, with 469 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 469 | $127,605,000 | $272,079 | $0 | 9.94% |
For 2019, Rain City Capital's most frequently cited loan purpose was Other, with 469 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 469 | $127,605,000 | $272,079 | $0 | 9.94% |
For 2019, Rain City Capital's most frequently cited loan duration was Other, with 469 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 404 | $110,470,000 | $273,441 |
| <2.5% | 27 | $6,735,000 | $249,444 |
| 7-8% | 27 | $7,495,000 | $277,593 |
| 6-7% | 6 | $1,550,000 | $258,333 |
| 5-6% | 5 | $1,355,000 | $271,000 |
During 2019, Rain City Capital's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 404 originations.
Loan Sizing
2019 saw Rain City Capital place emphasis on $200k-400k loans with 228 originations, totaling $60,900,000 in origination value.
Applicant Income
Rain City Capital lent most frequently to those with incomes in the $250k+ range, with 339 originations. The second most popular income band? $50k-75k, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Rain City 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 origination61.19%
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 |
|---|---|---|---|
| NA | 469 | $127,605,000 | $272,079 |