Advisors Capital Mortgage Rates, Fees & Info

FENTON, MI

LEI: 5493004ZUHSMPBM5KL21

Tax ID: 46-1565216

Latest/2022 | 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
  • 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 Refi and Home Purchase loans. Advisors Capital has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Detroit, Ann Arbor, Flint, Lansing, and Traverse City among others. We have data for 22 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.

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    Originations

    698

    Origination Dollar Volume (All Markets)

    $179,470,000

    Awards

    ADVISORS CAPITAL 30 Year Conventional Loans silver ADVISORS CAPITAL 30 Year Conventional Loans bronze ADVISORS CAPITAL 30 Year Conventional Loans bronze
    Show all (3) 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) 582 $153,590,000 $263,900 $2,758 3.23%
    ANN ARBOR, MI (FHA|USDA|VA) 28 $7,650,000 $273,214 $2,514 3.28%
    FLINT, MI (FHA|USDA|VA) 30 $5,540,000 $184,667 $3,514 3.17%
    Outside of Metro Areas 16 $2,540,000 $158,750 $2,519 3.31%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 8 $1,860,000 $232,500 $3,259 3.12%
    Traverse City, MI (FHA|USDA|VA) 4 $1,720,000 $430,000 $3,130 2.90%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 4 $1,120,000 $280,000 $2,391 2.84%
    MONROE, MI (FHA|USDA|VA) 6 $1,050,000 $175,000 $3,586 3.10%
    Adrian, MI (FHA|USDA|VA) 2 $520,000 $260,000 $2,931 3.12%
    JACKSON, MI (FHA|USDA|VA) 3 $505,000 $168,333 $2,480 3.17%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,063 3.25%
    Houghton, MI (FHA|USDA|VA) 1 $375,000 $375,000 $2,503 2.99%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $350,000 $175,000 $3,771 2.94%
    Cadillac, MI (FHA|USDA|VA) 1 $335,000 $335,000 $2,822 2.99%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $315,000 $315,000 $3,156 2.88%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $315,000 $315,000 $4,162 2.63%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,583 3.12%
    SAGINAW, MI (FHA|USDA|VA) 2 $250,000 $125,000 $2,660 3.25%
    BAY CITY, MI (FHA|USDA|VA) 2 $250,000 $125,000 $2,955 3.69%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $225,000 $225,000 $2,520 3.38%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $135,000 $135,000 $1,841 3.00%
    MIDLAND, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,296 3.63%
    Advisors Capital's top markets include Detroit, Ann Arbor, Flint, Lansing, and Traverse City 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.

    ADVANTAGE ONE Credit Union
    Similarity Rank: 287
    St James Mortgage Corporation
    Similarity Rank: 408
    Polish-American Federal Credit Union
    Similarity Rank: 434
    SECURITY CREDIT UNION
    Similarity Rank: 441
    BIRMINGHAM-BLOOMFIELD Credit Union
    Similarity Rank: 472
    PFCU
    Similarity Rank: 588
    T&I Credit union
    Similarity Rank: 660
    Preston Home Loans Inc
    Similarity Rank: 1192
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 1280
    Extra
    Similarity Rank: 1386

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 670 $173,730,000 $259,299 $2,673 3.23%
    FHA 21 $4,125,000 $196,429 $6,168 3.20%
    USDA 5 $925,000 $185,000 $5,028 2.75%
    VA 2 $690,000 $345,000 $3,017 3.06%

    For 2020, Advisors Capital's most frequently originated type of loan was Conventional, with 670 originations. Their 2nd most popular type was FHA, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 363 $98,675,000 $271,832 $2,469 3.19%
    Home Purchase 237 $58,015,000 $244,789 $3,321 3.19%
    Cash Out Refi 98 $22,780,000 $232,449 $2,716 3.41%

    For 2020, Advisors Capital's most frequently cited loan purpose was Refi, with 363 originations. The 2nd most popular reason was Home Purchase, with 237 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 556 $145,120,000 $261,007 $2,872 3.28%
    15 Year 77 $17,195,000 $223,312 $2,543 2.87%
    Other 32 $8,430,000 $263,438 $2,383 3.25%
    20 Year 22 $6,610,000 $300,455 $2,487 3.25%
    10 Year 11 $2,115,000 $192,273 $2,321 2.77%

    For 2020, Advisors Capital's most frequently cited loan duration was 30 Year, with 556 originations. The 2nd most popular length was 15 Year, with 77 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 593 $154,895,000 $261,206
    $1k-2k 67 $13,985,000 $208,731
    $2k-3k 27 $7,185,000 $266,111
    $3k-4k 7 $2,175,000 $310,714
    $4k-5k 3 $545,000 $181,667
    $5k+ 1 $685,000 $685,000

    Advisors Capital's average total fees were $2,872, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 593 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 371 $95,335,000 $256,968
    2.5-3% 284 $73,420,000 $258,521
    4-5% 22 $5,220,000 $237,273
    <2.5% 21 $5,495,000 $261,667

    During 2020, Advisors Capital's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 3-4%, with 371 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 367 $102,695,000 $279,823 $2,844 3.20%
    $100k-200k 214 $32,500,000 $151,869 $2,603 3.21%
    $400k-600k 87 $40,015,000 $459,943 $3,022 3.21%
    $100,000 or less 27 $2,095,000 $77,593 $2,439 3.60%
    $600k-1MM 3 $2,165,000 $721,667 $6,547 3.42%

    2020 saw Advisors Capital place emphasis on $200k-400k loans with 367 originations, totaling $102,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 176 $50,830,000 $288,807 $2,892 3.20%
    $150k-250k 144 $47,050,000 $326,736 $2,744 3.16%
    $50k-75k 139 $24,225,000 $174,281 $2,627 3.28%
    $75k-100k 136 $31,930,000 $234,779 $2,768 3.23%
    $250k+ 54 $18,630,000 $345,000 $2,914 3.17%
    $50k or less 49 $6,805,000 $138,878 $2,977 3.33%

    Advisors Capital lent most frequently to those with incomes in the $100k-150k range, with 176 originations. The second most popular income band? $150k-250k, with 144 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 203 $50,085,000 $246,724 $2,606 3.24%
    30-36% 137 $35,595,000 $259,818 $2,713 3.23%
    <20% 80 $19,940,000 $249,250 $2,608 3.04%
    38% 31 $9,045,000 $291,774 $3,141 3.27%
    36% 31 $7,495,000 $241,774 $3,010 3.08%
    37% 25 $6,465,000 $258,600 $2,677 3.35%
    39% 23 $6,235,000 $271,087 $3,259 3.29%
    44% 23 $6,015,000 $261,522 $2,914 3.38%
    42% 22 $6,290,000 $285,909 $2,689 3.20%
    40% 20 $4,850,000 $242,500 $2,958 3.21%
    41% 19 $4,705,000 $247,632 $3,054 3.38%
    49% 18 $4,200,000 $233,333 $2,501 3.43%
    43% 17 $4,785,000 $281,471 $3,057 3.23%
    48% 14 $4,290,000 $306,429 $3,389 2.96%
    46% 11 $3,305,000 $300,455 $2,941 3.36%
    47% 10 $2,690,000 $269,000 $3,113 3.62%
    45% 9 $2,385,000 $265,000 $2,475 3.07%
    50-60% 5 $1,095,000 $219,000 $6,692 2.78%

    Advisors Capital lent most frequently to those with DTI ratios of 20-30%, with 203 originations. The next most common DTI ratio? 30-36%, with 137 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 676 $174,290,000 $257,825 $2,785 3.23%
    Asian 10 $2,640,000 $264,000 $2,727 3.03%
    Black 8 $1,460,000 $182,500 $3,376 3.03%
    Asian Indian 3 $925,000 $308,333 $3,004 3.29%
    American Indian 1 $155,000 $155,000 $2,782 2.88%

    Approval Rates

    Total approvals of all applications
    98.93%

    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
    93.84%

    Advisors Capital has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 698 $179,470,000 $257,120

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 698 $179,470,000 $257,120

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $2,915,000 $138,810 $2,277 3.17%
    40-60% 131 $31,355,000 $239,351 $2,494 3.12%
    60-80% 332 $90,280,000 $271,928 $2,624 3.25%
    80-100% 213 $54,735,000 $256,972 $3,283 3.25%
    Over 100% 1 $185,000 $185,000 $4,609 2.63%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    ADVISORS MORTGAGE GROUP, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    ADVISORS MORTGAGE GROUP, LLC Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%