Rain City Capital Mortgage Rates, Fees & Info

SEATTLE, WA

LEI: 5493004T38NMC864VL66

Tax ID: 27-0441646

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Rain 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.

    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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    Originations

    311

    Origination Dollar Volume (All Markets)

    $88,525,000

    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
    Outside of Metro Areas 311 $88,525,000 $284,646 $0 10.28%
    Rain City Capital's top markets include

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 311 $88,525,000 $284,646 $0 10.28%

    For 2020, Rain City Capital's most frequently originated type of loan was Conventional, with 311 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 311 $88,525,000 $284,646 $0 10.28%

    For 2020, Rain City Capital's most frequently cited loan purpose was Other, with 311 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 226 $64,520,000 $285,487 $0 10.52%
    Other 85 $24,005,000 $282,412 $0 9.64%

    For 2020, Rain City Capital's most frequently cited loan duration was 1 Year, with 226 originations. The 2nd most popular length was Other, with 85 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 279 $77,905,000 $279,229
    7-8% 24 $8,120,000 $338,333
    <2.5% 8 $2,500,000 $312,500

    During 2020, 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 279 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 123 $34,105,000 $277,276 $0 10.12%
    $100k-200k 106 $16,210,000 $152,925 $0 10.70%
    $400k-600k 39 $18,725,000 $480,128 $0 9.83%
    $100,000 or less 22 $1,450,000 $65,909 $0 10.80%
    $600k-1MM 18 $13,930,000 $773,889 $0 9.17%
    $1MM+ 3 $4,105,000 $1,368,333 $0 10.00%

    2020 saw Rain City Capital place emphasis on $200k-400k loans with 123 originations, totaling $34,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 57 $15,835,000 $277,807 $0 10.02%
    $150k-250k 56 $18,520,000 $330,714 $0 10.26%
    $100k-150k 49 $11,655,000 $237,857 $0 10.52%
    $75k-100k 46 $14,650,000 $318,478 $0 10.36%
    $50k-75k 31 $7,175,000 $231,452 $0 11.26%
    $50k or less 22 $4,720,000 $214,545 $0 10.55%

    Rain City Capital lent most frequently to those with incomes in the $250k+ range, with 57 originations. The second most popular income band? $150k-250k, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 168 $45,980,000 $273,690 $0 10.42%
    Not provided 66 $18,030,000 $273,182 $0 9.70%
    Not applicable 46 $14,290,000 $310,652 $0 10.17%
    Asian 16 $6,100,000 $381,250 $0 10.50%
    Black 7 $1,965,000 $280,714 $0 11.14%
    Native Hawaiian or Islander 7 $1,765,000 $252,143 $0 11.29%
    American Indian 1 $395,000 $395,000 $0 12.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    41.80%

    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 311 $88,525,000 $284,646

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $1,835,000 $611,667
    Single Family (1-4 Units):Manufactured 292 $81,310,000 $278,459
    Single Family (1-4 Units):Site-Built 16 $5,380,000 $336,250

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $2,460,000 $123,000 $0 11.00%
    40-60% 65 $13,215,000 $203,308 $0 10.93%
    60-80% 132 $45,960,000 $348,182 $0 10.34%
    80-100% 12 $5,000,000 $416,667 $0 10.58%
    Over 100% 1 $465,000 $465,000 $0 10.00%
    Under 20% 2 $90,000 $45,000 $0 11.00%