Rain City Capital Mortgage Rates, Fees & Info
SEATTLE, WALEI: 5493004T38NMC864VL66
Tax ID: 27-0441646
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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.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 about average rates.
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Originations
646Origination Dollar Volume (All Markets)
$224,760,000Top 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 | 646 | $224,760,000 | $347,926 | $0 | 8.91% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 646 | $224,760,000 | $347,926 | $0 | 8.91% |
For 2021, Rain City Capital's most frequently originated type of loan was Conventional, with 646 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 646 | $224,760,000 | $347,926 | $0 | 8.91% |
For 2021, Rain City Capital's most frequently cited loan purpose was Other, with 646 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 569 | $199,585,000 | $350,764 | $0 | 9.47% |
| 30 Year | 67 | $22,065,000 | $329,328 | $0 | 4.45% |
| Other | 10 | $3,110,000 | $311,000 | $0 | 7.10% |
For 2021, Rain City Capital's most frequently cited loan duration was 1 Year, with 569 originations. The 2nd most popular length was 30 Year, with 67 originations.
Interest Rates
During 2021, Rain City Capital's average interest rate for loans was 4.45%, while their most frequently originated rate bucket for loans was Over 8%, with 380 originations.
Loan Sizing
2021 saw Rain City Capital place emphasis on $200k-400k loans with 308 originations, totaling $86,920,000 in origination value.
Applicant Income
Rain City Capital lent most frequently to those with incomes in the $250k+ range, with 166 originations. The second most popular income band? $100k-150k, with 135 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 origination66.25%
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 | 646 | $224,760,000 | $347,926 |