Advisors Capital Mortgage Rates, Fees & Info

FENTON, MI

LEI: 5493004ZUHSMPBM5KL21

Tax ID: 46-1565216

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Advisors Capital is a smaller mortgage company specializing in Home Purchase loans. Advisors Capital has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Detroit, Flint, Ann Arbor, Lansing, and Monroe among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Advisors 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. Advisors Capital is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    272

    Origination Dollar Volume (All Markets)

    $65,310,000

    Awards

    ADVISORS CAPITAL 30 Year Conventional Loans silver ADVISORS CAPITAL FHA Loans bronze
    Show all (2) awards

    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
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 200 $52,600,000 $263,000 $3,479 4.71%
    FLINT, MI (FHA|USDA|VA) 37 $6,235,000 $168,514 $4,228 4.78%
    ANN ARBOR, MI (FHA|USDA|VA) 13 $2,755,000 $211,923 $5,109 4.85%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 7 $1,085,000 $155,000 $3,859 4.78%
    MONROE, MI (FHA|USDA|VA) 4 $650,000 $162,500 $3,416 4.53%
    Outside of Metro Areas 3 $455,000 $151,667 $2,457 5.08%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $295,000 $295,000 $3,976 5.00%
    JACKSON, MI (FHA|USDA|VA) 1 $265,000 $265,000 $2,970 5.25%
    Hillsdale, MI (FHA|USDA|VA) 1 $245,000 $245,000 $2,986 3.99%
    Alpena, MI (FHA|USDA|VA) 1 $185,000 $185,000 $3,409 5.63%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $175,000 $175,000 $2,595 4.75%
    Cadillac, MI (FHA|USDA|VA) 1 $155,000 $155,000 $6,824 4.99%
    BAY CITY, MI (FHA|USDA|VA) 1 $125,000 $125,000 $4,869 4.50%
    SAGINAW, MI (FHA|USDA|VA) 1 $85,000 $85,000 $5,003 5.75%
    Advisors Capital's top markets include Detroit, Flint, Ann Arbor, Lansing, and Monroe among others.

    Their top states include:
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ADVISORS CAPITAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Polish-American Federal Credit Union
    Similarity Rank: 32
    St James Mortgage Corporation
    Similarity Rank: 120
    Dort Financial Credit Union
    Similarity Rank: 180
    FINANCIAL PLUS CREDIT UNION
    Similarity Rank: 280
    FreeStar Financial Credit Union
    Similarity Rank: 345
    Extra
    Similarity Rank: 436
    Vibe Credit Union
    Similarity Rank: 448
    TEAM ONE CREDIT UNION
    Similarity Rank: 480
    Northstar Bank
    Similarity Rank: 582
    ELGA CREDIT UNION
    Similarity Rank: 675

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 222 $55,830,000 $251,486 $3,188 4.74%
    FHA 40 $7,470,000 $186,750 $6,158 4.77%
    VA 8 $1,700,000 $212,500 $4,601 4.61%
    USDA 2 $310,000 $155,000 $4,227 4.63%

    For 2018, Advisors Capital's most frequently originated type of loan was Conventional, with 222 originations. Their 2nd most popular type was FHA, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 199 $47,655,000 $239,472 $3,951 4.73%
    Cash Out Refi 40 $9,350,000 $233,750 $3,027 4.83%
    Refi 33 $8,305,000 $251,667 $2,786 4.69%

    For 2018, Advisors Capital's most frequently cited loan purpose was Home Purchase, with 199 originations. The 2nd most popular reason was Cash Out Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 241 $58,385,000 $242,261 $3,742 4.79%
    15 Year 18 $4,060,000 $225,556 $3,313 4.23%
    20 Year 9 $2,155,000 $239,444 $2,645 4.49%
    10 Year 3 $485,000 $161,667 $3,843 4.13%
    Other 1 $225,000 $225,000 $2,484 4.75%

    For 2018, Advisors Capital's most frequently cited loan duration was 30 Year, with 241 originations. The 2nd most popular length was 15 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 202 $49,570,000 $245,396
    $1k-2k 37 $7,125,000 $192,568
    $2k-3k 16 $3,570,000 $223,125
    $3k-4k 13 $3,655,000 $281,154
    $4k-5k 2 $540,000 $270,000
    $5k+ 2 $850,000 $425,000

    Advisors Capital's average total fees were $3,742, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 202 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 191 $45,845,000 $240,026
    5-6% 52 $10,370,000 $199,423
    3-4% 27 $8,415,000 $311,667
    7-8% 1 $455,000 $455,000
    Over 8% 1 $225,000 $225,000

    During 2018, Advisors Capital's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 4-5%, with 191 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 134 $36,570,000 $272,910 $3,878 4.74%
    $100k-200k 93 $14,215,000 $152,849 $3,488 4.77%
    $400k-600k 28 $12,500,000 $446,429 $3,734 4.58%
    $100,000 or less 16 $1,330,000 $83,125 $2,935 4.84%
    $600k-1MM 1 $695,000 $695,000 $3,766 3.88%

    2018 saw Advisors Capital place emphasis on $200k-400k loans with 134 originations, totaling $36,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 66 $13,020,000 $197,273 $3,794 4.81%
    $100k-150k 65 $18,075,000 $278,077 $3,727 4.70%
    $75k-100k 47 $9,625,000 $204,787 $3,688 4.79%
    $150k-250k 39 $12,365,000 $317,051 $3,542 4.74%
    $50k or less 36 $4,680,000 $130,000 $3,466 4.67%
    $250k+ 18 $7,320,000 $406,667 $3,801 4.63%

    Advisors Capital lent most frequently to those with incomes in the $50k-75k range, with 66 originations. The second most popular income band? $100k-150k, with 65 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 55 $11,605,000 $211,000 $3,171 4.68%
    30-36% 53 $12,795,000 $241,415 $3,830 4.71%
    44% 16 $3,870,000 $241,875 $3,470 4.58%
    <20% 15 $4,075,000 $271,667 $3,177 4.65%
    41% 14 $3,450,000 $246,429 $4,457 4.77%
    42% 13 $3,285,000 $252,692 $3,508 4.84%
    40% 13 $3,315,000 $255,000 $3,979 4.63%
    43% 13 $2,755,000 $211,923 $2,995 4.87%
    37% 12 $2,700,000 $225,000 $3,529 4.77%
    39% 11 $2,695,000 $245,000 $3,952 4.87%
    49% 9 $2,095,000 $232,778 $4,711 5.28%
    36% 9 $1,915,000 $212,778 $3,522 4.88%
    45% 9 $2,605,000 $289,444 $4,092 4.65%
    50-60% 7 $1,765,000 $252,143 $5,746 4.84%
    38% 6 $1,740,000 $290,000 $3,391 4.48%
    48% 6 $1,540,000 $256,667 $3,104 5.02%
    46% 5 $1,205,000 $241,000 $4,460 4.58%
    47% 4 $1,440,000 $360,000 $4,320 4.72%
    >60% 1 $235,000 $235,000 $2,661 4.75%

    Advisors Capital lent most frequently to those with DTI ratios of 20-30%, with 55 originations. The next most common DTI ratio? 30-36%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 256 $60,890,000 $237,852 $3,680 4.74%
    Asian 7 $2,545,000 $363,571 $3,126 4.63%
    Black 8 $1,580,000 $197,500 $4,048 4.89%
    Asian Indian 1 $295,000 $295,000 $2,954 4.75%

    Approval Rates

    Total approvals of all applications
    92.92%

    Advisors Capital has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.97%

    Advisors Capital has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 272 $65,310,000 $240,110

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 272 $65,310,000 $240,110

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $865,000 $123,571 $2,969 4.41%
    40-60% 21 $4,345,000 $206,905 $3,030 4.55%
    60-80% 93 $24,155,000 $259,731 $3,249 4.70%
    80-100% 149 $35,495,000 $238,221 $4,017 4.81%
    Over 100% 2 $450,000 $225,000 $7,137 4.50%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ADVISORS MORTGAGE GROUP, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    ADVISORS MORTGAGE GROUP, LLC Conventional home mortgage Closing on a mortgage 1 33.3%
    ADVISORS MORTGAGE GROUP, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%