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 and Refi 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 19 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 an above 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    421

    Origination Dollar Volume (All Markets)

    $104,125,000

    Awards

    ADVISORS CAPITAL 30 Year Conventional Loans bronze ADVISORS CAPITAL FHA Loans silver
    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) 328 $84,200,000 $256,707 $3,055 4.19%
    FLINT, MI (FHA|USDA|VA) 22 $4,350,000 $197,727 $4,395 4.24%
    ANN ARBOR, MI (FHA|USDA|VA) 15 $4,015,000 $267,667 $3,009 4.30%
    Outside of Metro Areas 19 $3,635,000 $191,316 $3,647 4.24%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 10 $2,010,000 $201,000 $4,670 4.44%
    MONROE, MI (FHA|USDA|VA) 5 $805,000 $161,000 $2,547 4.12%
    Traverse City, MI (FHA|USDA|VA) 2 $800,000 $400,000 $3,149 4.12%
    TOLEDO, OH (FHA|USDA|VA) 3 $785,000 $261,667 $4,740 4.25%
    JACKSON, MI (FHA|USDA|VA) 5 $695,000 $139,000 $2,387 4.30%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $490,000 $245,000 $2,520 4.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $485,000 $485,000 $5,095 3.99%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $370,000 $185,000 $4,715 4.37%
    BAY CITY, MI (FHA|USDA|VA) 1 $345,000 $345,000 $2,593 4.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,069 4.13%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,907 3.99%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,943 4.00%
    Alpena, MI (FHA|USDA|VA) 1 $185,000 $185,000 $2,333 3.99%
    SAGINAW, MI (FHA|USDA|VA) 1 $155,000 $155,000 $5,423 3.75%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $55,000 $55,000 $2,177 4.50%
    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.

    BIRMINGHAM-BLOOMFIELD Credit Union
    Similarity Rank: 159
    Polish-American Federal Credit Union
    Similarity Rank: 297
    ADVANTAGE ONE Credit Union
    Similarity Rank: 320
    Dort Financial Credit Union
    Similarity Rank: 444
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 448
    Extra
    Similarity Rank: 572
    FreeStar Financial Credit Union
    Similarity Rank: 612
    Zeal Credit Union
    Similarity Rank: 936
    ALLIANCE CATHOLIC CREDIT UNION
    Similarity Rank: 1182
    UNIVERSITY OF MICHIGAN CREDIT UNION
    Similarity Rank: 1360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 368 $93,750,000 $254,755 $2,844 4.21%
    FHA 37 $6,835,000 $184,730 $6,041 4.17%
    VA 9 $2,285,000 $253,889 $5,163 4.08%
    USDA 7 $1,255,000 $179,286 $4,619 3.88%

    For 2019, Advisors Capital's most frequently originated type of loan was Conventional, with 368 originations. Their 2nd most popular type was FHA, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 229 $52,725,000 $230,240 $3,614 4.23%
    Refi 130 $35,870,000 $275,923 $2,546 4.11%
    Cash Out Refi 62 $15,530,000 $250,484 $3,070 4.30%

    For 2019, Advisors Capital's most frequently cited loan purpose was Home Purchase, with 229 originations. The 2nd most popular reason was Refi, with 130 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 365 $91,365,000 $250,315 $3,313 4.27%
    15 Year 37 $8,155,000 $220,405 $2,571 3.68%
    Other 10 $2,650,000 $265,000 $2,235 4.07%
    20 Year 8 $1,660,000 $207,500 $2,457 3.84%
    10 Year 1 $295,000 $295,000 $2,582 3.75%

    For 2019, Advisors Capital's most frequently cited loan duration was 30 Year, with 365 originations. The 2nd most popular length was 15 Year, with 37 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 347 $87,215,000 $251,340
    $1k-2k 47 $10,095,000 $214,787
    $2k-3k 15 $3,025,000 $201,667
    $3k-4k 5 $1,205,000 $241,000
    $4k-5k 3 $1,305,000 $435,000
    $5k+ 1 $775,000 $775,000

    Advisors Capital's average total fees were $3,313, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 347 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 221 $52,425,000 $237,217
    3-4% 187 $48,325,000 $258,422
    5-6% 13 $3,375,000 $259,615

    During 2019, Advisors Capital's average interest rate for loans was 4.27%, while their most frequently originated rate bucket for loans was 4-5%, with 221 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 205 $57,285,000 $279,439 $3,397 4.17%
    $100k-200k 140 $21,270,000 $151,929 $2,899 4.20%
    $400k-600k 42 $19,190,000 $456,905 $3,097 4.27%
    $100,000 or less 28 $2,180,000 $77,857 $2,854 4.38%
    $600k-1MM 6 $4,200,000 $700,000 $6,132 4.06%

    2019 saw Advisors Capital place emphasis on $200k-400k loans with 205 originations, totaling $57,285,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 98 $23,190,000 $236,633 $3,253 4.22%
    $100k-150k 95 $26,735,000 $281,421 $3,336 4.24%
    $50k-75k 83 $14,615,000 $176,084 $3,288 4.20%
    $150k-250k 74 $23,940,000 $323,514 $2,930 4.11%
    $50k or less 48 $5,930,000 $123,542 $2,877 4.24%
    $250k+ 23 $9,715,000 $422,391 $3,716 4.19%

    Advisors Capital lent most frequently to those with incomes in the $75k-100k range, with 98 originations. The second most popular income band? $100k-150k, with 95 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 92 $22,650,000 $246,196 $3,023 4.15%
    30-36% 75 $18,225,000 $243,000 $3,019 4.19%
    <20% 32 $6,810,000 $212,813 $2,550 4.00%
    41% 23 $5,295,000 $230,217 $3,054 4.29%
    44% 22 $5,730,000 $260,455 $3,155 4.43%
    42% 21 $6,125,000 $291,667 $4,144 4.35%
    45% 18 $4,120,000 $228,889 $3,054 4.32%
    49% 18 $4,430,000 $246,111 $3,168 4.28%
    43% 17 $3,875,000 $227,941 $3,208 4.36%
    39% 15 $3,845,000 $256,333 $3,094 4.16%
    38% 15 $3,325,000 $221,667 $3,483 4.22%
    37% 14 $4,190,000 $299,286 $3,434 4.30%
    40% 14 $3,420,000 $244,286 $3,901 4.14%
    46% 12 $2,900,000 $241,667 $2,986 4.00%
    47% 9 $2,535,000 $281,667 $3,670 4.10%
    36% 9 $2,785,000 $309,444 $3,433 4.23%
    48% 8 $2,270,000 $283,750 $3,645 4.14%
    50-60% 7 $1,595,000 $227,857 $5,631 4.05%

    Advisors Capital lent most frequently to those with DTI ratios of 20-30%, with 92 originations. The next most common DTI ratio? 30-36%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 396 $98,290,000 $248,207 $3,212 4.20%
    Asian 11 $3,145,000 $285,909 $2,947 4.24%
    Black 12 $2,180,000 $181,667 $3,128 4.33%
    American Indian 1 $275,000 $275,000 $4,345 4.38%
    Not provided 1 $235,000 $235,000 $2,828 3.99%

    Approval Rates

    Total approvals of all applications
    97.05%

    Advisors 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
    90.74%

    Advisors Capital has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 421 $104,125,000 $247,328

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $175,000 $175,000
    Single Family (1-4 Units):Site-Built 420 $103,950,000 $247,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $2,440,000 $152,500 $2,524 3.97%
    40-60% 35 $7,915,000 $226,143 $2,756 4.01%
    60-80% 160 $43,270,000 $270,438 $2,762 4.18%
    80-100% 206 $49,670,000 $241,117 $3,593 4.27%
    Over 100% 3 $765,000 $255,000 $9,321 3.83%
    Under 20% 1 $65,000 $65,000 $2,101 4.25%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    ADVISORS MORTGAGE GROUP, LLC Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%